The Dow Market Happenings For Thursday, February 3, 2022 – Apple (AAPL) Down -0.97% YTD

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

The Market

Premarket today, the Dow was indicated to open down -116 points.

Wednesday the Dow closed up +224.09 (+0.63%) at 35,629.33.

Year-to-date the Dow is down -1.95%.

There were 21 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Travelers (TRV) 172.72 (+2.82%), UnitedHealth (UNH) 479.78 (+2.43%) and Procter & Gamble (PG) 162.60 (+1.79%).

The Dow stock losers Wednesday were led by Salesforce (CRM) 225.01 (-3.06%), Disney (DIS) 142.62 (-1.29%) and JPMorgan (JPM) 149.94 (-0.80%).

Honeywell (HON) dropped 3.5% in the premarket after the company on Thursday reported mixed fourth-quarter results, beating estimates on earnings and missing on revenue. Honeywell issued forecasts for full-year earnings and revenue that were light of what analysts had been expecting.

Merck (MRK) fell 1% in the premarket despite the drugmaker on Thursday reported better-than-expected earnings and revenue for the fourth quarter. Merck expects full-year adjusted per-share profit between $7.12 and $7.27 compared with estimates for $7.29. The company sees full-year revenue of $56.1 billion to $57.6 billion versus estimates for $56.6 billion. Merck said its full-year guidance includes expected sales of $5 billion to $6 billion from Covid pill molnupiravir, developed with Ridgeback Biotherapeutics.

One day after ADP reported that U.S. companies unexpectedly cut 301,000 jobs in January due to the omicron variant surge, the Labor Department reported 238,000 initial jobless claims for the week ended Jan. 29. That’s lower than the previous week and not as many as had been forecast. Friday brings the government’s January employment report, with estimates for nonfarm payrolls growth of 150,000 jobs.

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

The national average price of gasoline is up 1.4 cents at $3.413 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) reported earnings on 1/20/2022 before the market open with $5.20, beating estimates of $3.861 per share.

IBM (IBM) reports earnings on 1/24/2022 after the market close with $3.35, missing estimates of $3.385 per share.

3M (MMM) reported earnings on 1/25/2022 before the market open with $2.31, beating estimates of $2.028 per share.

American Express (AXP) reported earnings on 1/25/2022 before the market open with $2.18, beating estimates of $1.778 per share.

Johnson & Johnson (JNJ) reported earnings on 1/25/2022 before the market open with $2.13, beating estimates of $2.123 per share.

Verizon (VZ) reported earnings on 1/25/2022 before the market open with $1.31, beating estimates of $1.282 per share.

Microsoft (MSFT) reported earnings on 1/25/2022 after the market close with $2.48, beating estimates of $2.288 per share.

Boeing (BA) reported earnings on 1/26/2022 before the market open with -$7.69, missing estimates of -$0.09 per share.

Intel (INTC) reported earnings on 1/26/2022 after the market close with $1.09, beating estimates of $0.90 per share.

Dow (DOW) reported earnings on 1/27/2022 before the market open with $2.15, beating estimates of $2.039.

McDonald’s (MCD) reported earnings on 1/27/2022 before the market open with $2.23, missing estimates of $2.309 per share.

Apple (AAPL) reported earnings on 1/27/2022 after the market close with $2.10, beating estimates of $1.888 per share.

Visa (V) reported earnings on 1/27/2022 after the market close with $1.81, beating estimates of $1.693 per share.

Caterpillar (CAT) reported earnings on 1/28/2022 before the market open with $2.69, beating estimates of $2.233 per share.

Chevron (CVX) reported earnings on 1/28/2022 before the market open with $2.63, missing estimates of $3.106 per share.

Honeywell (HON) reported earnings on 2/3/2022 before the market open with $2.09, beating estimates of $2.079 per share.

Merck (MRK) reported earnings on 2/3/2022 before the market open with $1.80, beating estimates of $1.456 per share.

Amgen (AMGN) reports earnings on 2/7/2022 after the market close.

Disney (DIS) reports earnings on 2/9/2022 after the market close.

Coca Cola (KO) reports earnings on 2/10/2022 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 175.84 (+0.70%) is down -0.97% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET Nonfarm Productivity (QoQ) (Q4)
08:30 AM ET Unit Labor Costs (QoQ) (Q4)
09:45 AM ET Markit Composite PMI (Jan)
09:45 AM ET Services PMI (Jan)
10:00 AM ET Durables Excluding Defense (MoM) (Dec)
10:00 AM ET Factory Orders (MoM) (Dec)
10:00 AM ET Factory orders ex transportation (MoM) (Dec)
10:00 AM ET ISM Non-Manufacturing Business Activity (Jan)
10:00 AM ET ISM Non-Manufacturing Employment (Jan)
10:00 AM ET ISM Non-Manufacturing New Orders (Jan)
10:00 AM ET ISM Non-Manufacturing PMI (Jan)
10:00 AM ET ISM Non-Manufacturing Prices (Jan)
10:30 AM ET Natural Gas Storage
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
19:00 PM ET Total Vehicle Sales

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