DJIA Market Happenings For Monday, July 18, 2022 – JPMorgan (JPM) 112.95 Down -28.67% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +261 points.

Friday the Dow closed up +658.09 (+2.15%) at 31,288.26.

Year-to-date the Dow is down -13.90%.

Friday, (29) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by UnitedHealth (UNH) 529.75 (+5.44%), JPMorgan (JPM) 112.95 (+4.58%), American Express (AXP) 142.48 (+4.40%), Goldman Sachs (GS) 293.87 (+4.36%) and Salesforce (CRM) 167.38 (+3.94%).

The Dow stock loser Friday was Procter & Gamble (PG) 145.07 (-0.14%).

The 10 YR yield is currently at 2.935% and the VIX is at 24.23 (-1.08%).

Goldman Sachs (GS) top and bottom lines beat Wall Street’s expectations, driven by strong bond-trading results. Last week JPMorgan Chase posted a lower profit as it beefed up its reserves for bad loans.

Delta Air Lines placed a big order with Boeing: the manufacturer said Monday that the carrier agreed to buy 100 of its 737 Max 10 planes, with an option to buy another 30. The Max 10 hasn’t received government approval, although deliveries are slated to begin in 2025.

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

The national average price of gasoline is down 1.1 cents at $4.521 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/22 after the market close with $0.90, beating estimates of $0.812 per share.

Walgreens (WBA) reported earnings on 6/30/22 before the market open with $0.96, beating estimates of $0.953 per share.

JPMorgan (JPM) reported earnings on 7/14/22 before the market open with $2.76, missing estimates of $2.854 per share.

UnitedHealth (UNH) reported earnings on 7/15/22 before the market open with $5.57, beating estimates of $5.243 per shaare.

Goldman Sachs (GS) reports earnings on 7/18/22 before the market open.

IBM (IBM) reports earnings on 7/18/22 after the market close.

Johnson & Johnson (JNJ) reports earnings on 7/19/22 before the market open.

Dow (DOW) reports earnings on 7/21/22 before the market open.

Travelers (TRV) reports earnings on 7/21/22 before the market open.

American Express (AXP) reports earnings on 7/22/22 before the market open.

Verizon (VZ) reports earnings on 7/22/22 before the market open.

3M (MMM) reports earnings on 7/26/22 before the market open.

Coca Cola (KO) reports earnings on 7/26/22 before the market open.

McDonald’s (MCD) reports earnings on 7/26/22 before the market open.

Microsoft (MSFT) reports earnings on 7/26/22 after the market close.

Visa (V) reports earnings on 7/26/22 after the market close.

Boeing (BA) reports earnings on 7/27/22 before the market open.

Merck (MRK) reports earnings on 7/28/22 before the market open.

Apple (AAPL) reports earnings on 7/28/22 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 112.95 (+4.58%) is down -28.67% in 2022.

Financial Calendar

10:00 AM ET NAHB Housing Market Index (Jul)
11:30 AM ET 3-Month Bill Auction, 2.110%
11:30 AM ET 6-Month Bill Auction, 2.685%
16:00 PM ET US Foreign Buying, T-bonds (May), -1.20B
16:00 PM ET Overall Net Capital Flow (May), 1.30B
16:00 PM ET TIC Net Long-Term Transactions (May), 87.7B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (May), 68.20B

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