The Dow Market Happenings For Tuesday, February 15, 2022 – Disney (DIS) 150.85 Down -3.44% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include 3M (MMM) 158.01 and Honeywell (HON) 186.69.

The Market

Premarket today, the Dow was indicated to open up +292 points.

Monday the Dow closed down -171.89 (-0.49%) at 34,566.17.

Year-to-date the Dow is down -4.88%.

There were 8 Dow stocks up Monday.

The Dow stock winners Monday were led by Nike (NKE) 141.59 (+1.01%), Disney (DIS) 150.85 (+0.92%) and Coca Cola (KO) 60.68 (+0.65%).

The Dow stock losers Monday were led by Walgreens (WBA) 47.36 (-2.75%), IBM (IBM) 130.15 (-1.91%) and Amgen (AMGN) 224.27 (-1.72%).

Futures jumped Tuesday following Russia’s announcement that some of its troops at the border with Ukraine were pulling back. As stocks popped, bond prices fell, pushing yields higher. The 10-year Treasury yield topped 2% again Tuesday after another hot inflation report, with January wholesale prices rising 9.7% year over year, just under their biggest annual increase on record in December. The 10 YR is currently at 2.053%.

U.S. oil prices, as measured by West Texas Intermediate futures, sank more than 2.5% on Tuesday on the apparent easing of Russia’s aggressive posture toward Ukraine.

Intel (INTC) on Tuesday announced a deal to buy Israeli chipmaker Tower Semiconductor for $53 per share, or $5.4 billion, a 60% premium over Tower’s Monday closing price. Tower’s shares in U.S. premarket trading were not trading at quite as high of a premium, jumping more than 40%. Tower makes chips for a wide variety of industries including medical, automotive and consumer products. Intel shares, which have struggled along with other tech stocks this year, rose 1.5% in Tuesday’s premarket.

Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft (MSFT) agreed to buy the video game publisher for $68.7 billion. Berkshire is poised to notch a handsome profit should the deal close. Berkshire also increased its position in Chevron (CVX) by more than 30% in the fourth quarter. Buffett first bought Chevron at the end of 2020, which was largely viewed as a classic value play and a bet on the rebounding economy.

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

The national average price of gasoline is up 1 penny at $3.498 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) reported earnings on 2/7/2022 after the market close with $4.36, beating estimates of $4.141 per share.

Disney (DIS) reported earnings on 2/9/2022 after the market close with $1.06, beating estimates of $0.573 per share.

Coca Cola (KO) reported earnings on 2/10/2022 before the market open with $0.45, beating estimates of $0.401 per share.

Cisco (CSCO) reports earnings on 2/16/2022 after the market close.

Walmart (WMT) reports earnings on 2/17/2022 before the market open.

Home Depot (HD) reports earnings on 2/22/2022 before the market open.

Today’s Featured Dow Stock

DIsney (DIS)

DIsney (DIS) 150.85 (+0.92%) is down -3.44% in 2022.

Financial Calendar

08:30 AM ET Core PPI (MoM) (Jan)
08:30 AM ET Core PPI (YoY) (Jan)
08:30 AM ET NY Empire State Manufacturing Index (Feb)
08:30 AM ET PPI (YoY) (Jan)
08:30 AM ET PPI (MoM) (Jan)
08:55 AM ET Redbook (YoY)
16:00 PM ET US Foreign Buying, T-bonds (Dec)
16:00 PM ET Overall Net Capital Flow (Dec)
16:00 PM ET TIC Net Long-Term Transactions (Dec)
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Dec)
16:30 PM ET API Weekly Crude Oil Stock

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