The Dow Market Happenings For Thursday, February 17, 2022 – Goldman Sachs (GS) 360.05 Down -5.88% YTD


Dow stocks hitting 52-week highs include American Express (AXP) 198.38. Dow stock 52-week lows include 3M (MMM) 155.63.

The Market

Premarket today, the Dow was indicated to open down -153 points.

Wednesday the Dow closed down -54.57 (-0.16%) at 34,934.27.

Year-to-date the Dow is down -3.86%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) 156.35 (+1.05%), Procter & Gamble (PG) 158.01 (+0.76%) and Nike (NKE) 146.49 (+0.63%).

The Dow stock losers Wednesday were led by Salesforce (CRM) 211.74 (-1.17%), 3M (MMM) 155.63 (-1.09%) and Goldman Sachs (GS) 360.05 (-1.07%).

U.S. stock futures are down Thursday as NATO accused Russia of adding forces at the Ukraine border not reducing them.

Weekly initial jobless claims rose unexpectedly.

January housing starts came below in estimates while permits beat, and the Philadelphia Fed manufacturing index for February was light.

The 10-year Treasury yield is currently at 2.010%.

Cisco (CSCO) rose roughly 3% in Thursday’s premarket, the morning after the networking equipment and software maker reported quarterly earnings and revenue that beat estimates. The company also issued upbeat full-year guidance.

Walmart (WMT) beat quarterly estimates on earnings and revenue Thursday after shoppers turned to the retailer for groceries and gifts over the holidays. Walmart said it’s focused on value as some customers grow nervous about rising inflation. The company said it’s on track to hit its long-term growth targets, which called for adjusted earnings per share growth in the mid-single digits. Walmart rose roughly 2% in the premarket after the release. Walmart said it raised its dividend by a penny to 56 cents per share and plans to repurchase $10 billion worth of stock in the current fiscal year.

Unemployment insurance weekly claims in the week ending February 12, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 23,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 223,000 to 225,000. The 4-week moving average was 243,250, a decrease of 10,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 253,250 to 253,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 5, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 5 was 1,593,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 1,621,000 to 1,619,000. The 4-week moving average was 1,626,250, a decrease of 7,750 from the previous week’s revised average. The previous week’s average was revised down by 500 from 1,634,500 to 1,634,000. The total number of continued weeks claimed for benefits in all programs for the week ending January 29 was 2,063,567, a decrease of 36,295 from the previous week. There were 18,906,377 weekly claims filed for benefits in all programs in the comparable week in 2021.

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

The national average price of gasoline is up eight-tenths of a cent at $3.522 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) reported earnings on 2/16/2022 after the market close with $0.84, beating estimates of $0.725 per share.

Walmart (WMT) reported earnings on 2/17/2022 before the market open with $1.53, beating estimates of $1.496 per share.

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

Salesforce (CRM) reports earnings on 3/1/2022 after the market close.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 360.05 (-1.07%) is down -5.88% in 2022.

Financial Calendar

08:30 AM ET Building Permits (MoM) (Jan)
08:30 AM ET Building Permits (Jan)
08:30 AM ET Continuing Jobless Claims
08:30 AM ET Housing Starts (MoM) (Jan)
08:30 AM ET Housing Starts (Jan)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET Philadelphia Fed Manufacturing Index (Feb)
08:30 AM ET Philly Fed Business Conditions (Feb)
08:30 AM ET Philly Fed CAPEX Index (Feb)
08:30 AM ET Philly Fed Employment (Feb)
08:30 AM ET Philly Fed New Orders (Feb)
08:30 AM ET Philly Fed Prices Paid (Feb)
10:30 AM ET Natural Gas Storage
11:00 AM ET FOMC Member Bullard Speaks
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET 30-Year TIPS Auction
17:00 PM ET FOMC Member Mester Speaks

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