DJIA Market Happenings For Wednesday, January 19, 2022 – 3M (MMM) Up +0.37% YTD

Dow stocks hitting 52-week highs include Chevron (CVX). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +104 points.

Tuesday the Dow closed down -543.34 (-1.51%) at 35,368.47.

Year-to-date the Dow is down -2.67%.

There were 7 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Visa (V) 215.71 (+0.48%), Caterpillar (CAT) 229.87 (+0.41%) and Chevron (CVX) 129.38 (+033%).

The Dow stock losers Tuesday were led by Goldman Sachs (GS) 354.40 (-6.97%), JPMorgan (JPM) 151.27 (-4.19%) and Cisco (CSCO) 59.73 (-2.66%).

The 10-year Treasury yield topped 1.9% early Wednesday.

The government reported Wednesday morning that December housing starts rose 1.4% to just over 1.7 million units. Estimates had called for a percentage drop to 1.65 million units.

Procter & Gamble (PG) early Wednesday reported fiscal second-quarter earnings and revenue that topped expectations as price hikes helped offset higher commodity and freight costs. The consumer products giant also boosted its full-year sales forecast. P&G shares rose nearly 1.5% in the premarket.

UnitedHealth (UNH) reported better-than-expected fourth-quarter profit and revenue, helped partly by growth in its Optum unit that includes its drug benefits management business. UnitedHealth shares rose in the premarket.

President Joe Biden is scheduled to hold a news conference Wednesday afternoon, on his 365th day in office. Biden will update Americans on his lengthy legislative to-do list and fight against Covid as the omicron variant continues boost new case counts. Next week, the Biden administration will make 400 million N95 masks available for free at pharmacies and community health centers. A federal government website for Americans to order free Covid tests is set to launch Wednesday. In the site’s testing phase Tuesday, many people were able to submit orders, while others experienced problems.

U.S. futures are higher, European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $3.316 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reported earnings on 1/14/2022 before the market open with $3.33, beating estimates of $2.978 per share.

Goldman Sachs (GS) reported earnings on 1/18/2022 before the market open with $10.81, missing estimates of $11.76 per share.

Procter & Gamble (PG) reported earnings on 1/19/2022 before the market open with $1.66, beating estimates of $1.649 per share.

UnitedHealth (UNH) reported earnings on 1/19/2022 before the market open with $4.48, beating estimates of $4.296 per share.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Dow (DOW) reports earnings on 1/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 1/27/2022 before the market open.

Apple (AAPL) reports earnings on 1/27/2022 after the market close.

Visa (V) reports earnings on 1/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 1/28/2022 before the market open.

Chevron (CVX) reports earnings on 1/28/2022 before the market open.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 178.28 (-0.26%) is up +0.37% in 2022.

Financial Calendar

04:00 AM ET IEA Monthly Report
07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:30 AM ET Building Permits (MoM) (Dec)
08:30 AM ET Building Permits (Dec)
08:30 AM ET Housing Starts (Dec)
08:30 AM ET Housing Starts (MoM) (Dec)
08:55 AM ET Redbook (YoY)
13:00 AM ET 20-Year Bond Auction
16:30 AM ET API Weekly Crude Oil Stock

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