DJIA Market Happenings For Wednesday, February 23, 2022 – IBM (IBM) 123.92 Down -7.29% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Salesforce (CRM) 195.13, Honeywell (HON) 182.56, Intel (INTC) 44.69 and 3M (MMM) 146.75.

The Market

Premarket today, the Dow was indicated to open up +225 points.

Tuesday the Dow closed down -482.57 (-1.42%) at 33,596.61.

Year-to-date the Dow is down -7.54%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) 252.70 (+0.84%), Amgen (AMGN) 221.41 (+0.29%) and Travelers (TRV) 171.08 (+0.26%).

The Dow stock losers Tuesday were led by Home Depot (HD) 316.17 (-8.85%), Boeing (BA) 198.74 (-4.92%) and Nike (NKE) 138.19 (-3.33%).

The 10-year Treasury yield is currently at 1.971%.

At one point yesterday the Dow was down more than 700 points.

After weeks of trying to project calm, Ukraine on Wednesday urged its citizens to leave Russia. Ukraine is also set to impose a state of emergency. Hopes for a diplomatic way out of a new, potentially devastating war appeared to fade as the U.S. and key allies on Tuesday levied punitive economic measures and accused Moscow of crossing a red line by rolling over Ukraine’s border into the separatist Luhansk and Donetsk regions. Russia on Monday recognized the independence of those breakaway areas. The U.S. held back even tougher sanctions waiting to see Russia’s next move.

The U.S. has turned the corner on the omicron wave, with new daily Covid infections plummeting 90% from a pandemic high less than six weeks ago. The U.S. is reporting about 84,000 new cases per day on average, according to data compiled by Johns Hopkins University, down from a pandemic high of more than 800,000 daily cases on Jan. 15.

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

The national average price of gasoline is up four-tenths of a cent at $3.535 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) reported earnings on 2/22/2022 before the market open with $3.21, beating estimates of $3.195 per share.

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

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 123.92 (-0.35%) is down -7.29% in 2022.

Financial Calendar

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
08:55 AM ET Redbook (YoY)
13:00 PM ET 5-Year Note Auction
16:30 PM ET API Weekly Crude Oil Stock

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