DJIA Market Happenings For Tuesday, March 1, 2022 – Coca Cola (KO) 62.24 Up +5.12% YTD


There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Caterpillar (CAT) 184.69, Salesforce (CRM) 204.29, Honeywell (HON) 182.34 and 3M (MMM) 13.70.

The Market

Premarket today, the Dow was indicated to open down -127 points.

Monday the Dow closed down -166.15 (-0.49%) at 33,892.60.

Year-to-date the Dow is down -6.73%.

There were 10 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) 144.00 (+2.58%), Boeing (BA) 205.34 (+1.92%) and Salesforce (CRM) 210.53 (+1.17%).

The Dow stock losers Monday were led by JPMorgan (JPM) 141.80 (-4.17%), Goldman Sachs (GS) 341.29 (-2.52%) and McDonald’s (MCD) 244.77 (-1.88%).

The 10-year Treasury yield is currently at 1.805%. Investors are seeking the safety of bonds.

Oil prices surged Tuesday, topping $101 per barrel, its highest level since July 2014 as Russia bears down on Ukraine’s capital. Prices first topped $100 last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from key exporter Russia, in what is already a very tight market. West Texas Intermediate crude futures jumped 5.7% to trade at $101.17 per barrel. International benchmark Brent crude advanced 6.3% to trade at $104.16 per barrel. The contract rose to $105.79 last week, the highest since 2014.

On Day Six of Russia’s invasion of Ukraine, the fighting has reached beyond military targets, with evidence documented by Associated Press reporters of shelling of homes, schools and hospitals. The Kremlin denies that. A first round of talks between Ukraine and Russia failed to yield a cease-fire. Both sides agreed to another meeting in coming days.

President Joe Biden will deliver his State of the Union address Tuesday night, facing turmoil both foreign and domestic. From Russian aggression to navigating the U.S. out of the pandemic to a stalled social and climate agenda to soaring inflation, Biden addresses a nation that polls show is frustrated with his performance in the White House.

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

The national average price of gasoline is up nine-tenths of a cent at $3.619 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

Coca Cola (KO)

Coca Cola (KO) 62.24 (-0.97%) is up +5.12% in 2022.

Financial Calendar

08:55 AM ET Redbook (YoY)
09:45 AM ET Manufacturing PMI (Feb)
10:00 AM ET Construction Spending (MoM) (Jan)
10:00 AM ET ISM Manufacturing Employment (Feb)
10:00 AM ET ISM Manufacturing New Orders Index (Feb)
10:00 AM ET ISM Manufacturing PMI (Feb)
10:00 AM ET ISM Manufacturing Prices (Feb)
10:30 AM ET Dallas Fed Services Revenues (Feb)
10:30 AM ET Texas Services Sector Outlook (Feb)
Tentative U.S. President Biden Speaks
16:30 PM ET API Weekly Crude Oil Stock

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