DJIA Market Happenings For Wednesday, April 20, 2022 – Nike (NKE) 137.05 Down -17.77% YTD

Dow stocks hitting 52-week highs include Johnson & Johnson (JNJ) 183.08 (+3.05%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +127 points.

Tuesday the Dow closed up +499.51 (+1.45%) at 34,911.20.

Year-to-date the Dow is down -3.93%.

There were 27 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) 137.05 (+4.12%). Boeing (BA) 185.98 (+3.41%) and Disney (DIS) 131.90 (+3.23%).

The Dow stock losers Tuesday were Travelers (TRV) 176.16 (-4.89%), Chevron (CVX) 171.83 (-1.18%) and Merck (MRK) 85.79 (-0.33%).

The 10 YR yield is currently at 2.902%.

The benchmark 10-year Treasury yield topped 2.9%, a level not seen since late 2018.

Procter & Gamble (PG)reported fiscal third-quarter profit and revenue that topped expectations as price hikes helped offset spiking commodity inflation and higher freight costs. For fiscal 2022, P&G raised its revenue growth forecast to a range of 4% to 5%, up from its prior outlook of 3% to 4%. The consumer products company reiterated its core earnings per share forecast but said it’s expecting the lower end of its predicted range of 3% to 6% growth, citing inflation and currency headwinds.

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

The national average price of gasoline is up 1.3 cents at $4.114 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2022 after the market close with $0.87, beating estimates of $0.732 per share.

Walgreens (WBA) reported earnings on 3/31/2022 before the market open with $1.59, beating estimates of $1.389 per share.

JPMorgan (JPM) reported earnings on 4/13/2022 before the market open with $2.63, missing estimates of $2.734 per share.

Goldman Sachs (GS) reported earnings on 4/14/2022 before the market open with $10.76, beating estimates of $8.89 per share.

UnitedHealth (UNH) reported earnings on 4/14/2022 before the market open with $5.49, beating estimates of $5.401 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2022 before the market open with $2.67, beating estimates of $2.597 per share.

Travelers (TRV) reported earnings on 4/19/2022 before the market open with $4.22, beating estimates of $3.701 per share.

IBM (IBM) reported earnings on 4/19/2022 after the market close with $1.40, beating estimates of $1.344 per share.

Procter & Gamble (PG) reported earnings on 4/20/2022 before the market open with $1.33, beating estimates of $1.284 per share.

Dow (DOW) reports earnings on 4/21/2022 before the market open.

American Express (AXP) reports earnings on 4/22/2022 before the market open.

Verizon (VZ) reports earnings on 4/22/2022 before the market open.

Coca Cola (KO) reports earnings on 4/25/2022 before the market open.

3M (MMM) reports earnings on 4/26/2022 before the market open.

Microsoft (MSFT) reports earnings on 4/26/2022 after the market close.

Visa (V) reports earnings on 4/26/2022 after the market close.

Boeing (BA) reports earnings on 4/27/2022 before the market open.

Amgen (AMGN) reports earnings on 4/27/2022 after the market close.

Caterpillar (CAT) reports earnings on 4/28/2022 before the market open.

McDonald’s (MCD) reports earnings on 4/28/2022 before the market open.

Merck (MRK) reports earnings on 4/28/2022 before the market open.

Apple (AAPL) reports earnings on 4/28/2022 after the market close.

Intel (INTC) reports earnings on 4/28/2022 after the market close.

Chevron (CVX) reports earnings on 4/29/2022 before the market open.

Honeywell (HON) reports earnings on 4/29/2022 before the market open.

Disney (DIS) reports earnings on 5/11/2022 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 137.05 (+4.12%) is down -17.77% 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
10:00 AM ET Existing Home Sales (MoM) (Mar)
10:00 AM ET Existing Home Sales (Mar)
10:30 AM ET Chicago Fed President Evans Speaks
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs (WoW)
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW)
10:30 AM ET FOMC Member Daly Speaks
10:30 AM ET Gasoline Inventories
11:00 AM ET IMF Meetings
13:00 PM ET 20-Year Bond Auction
14:00 PM ET Beige Book

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