DJIA Market Happenings For Tuesday, July 26, 2022 – Nike (NKE) 109.28 Down -34.43% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Verizon (VZ) 44.45 (-6.74%).

The Market

Premarket today, the Dow was indicated to open up +152 points.

Monday the Dow closed up +90.75 (+0.28%) at 31,990.04.(

Year-to-date the Dow is down -11.97%.

Monday, (18) of the Dow 30 stocks were up, (1) was at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Chevron (CVX) 148.48 (+2.98%), Travelers (TRV) 159.98 (+2.28%) and Caterpillar (CAT) 181.81 (+1.79%).

The Dow stock losers Friday were led by Salesforce (CRM) 177.29 (-2.84%), McDonald’s (MCD) 250.38 (-1.42%) and Boeing (BA) 156.64 (-0.96%).

The 10 YR yield is currently at 2.736% and the VIX is at 24.13 (+3.30%).

Walmart (WMT), the biggest retailer and grocer in the United States, gave people who are worried about a recession another reason to be concerned when it lowered its profit guidance after the bell Monday. Shoppers, the company said, were spending more on essentials like groceries, which typically have low profit margins, and eschewing items like electronics. Walmart, in turn, is cutting prices on merchandise that’s piling up on shelves, such as clothes, which is also denting its bottom line. The company’s stock fell.

Coca-Cola (KO) topped analysts’ estimates on its top and bottom lines, as it raised prices to offset higher costs on things such as freight, aluminum and corn syrup.

McDonald’s said same-store sales increased 3.7% in the United States, beating estimates of 2.8%. The rise was largely due to some price hikes and the popularity of its value offerings, McDonald’s said.

Fed’s two-day meeting kicks off today and investors will be looking to what the Fed says Wednesday afternoon, following the conclusion of its two-day meeting. Most expect the central bank to hike rates by 75 basis points (each basis point equals 0.01 percentage point), but with inflation still surging, market watchers are seeking any hints about what Chair Jerome Powell and his fellow policymakers will do next.

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

The national average price of gasoline is down 2.8 cents at $4.327 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 with $7.33, beating estimates of $6.992 per share.

IBM (IBM) reported earnings on 7/18/22 after the market close with $2.31, beating estimates of $2.288 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/22 before the market open with $2.59, beating estimates of $2.57 per share.

Dow (DOW) reported earnings on 7/21/22 before the market open with $2.31, beating estimates of $2.14 per share.

Travelers (TRV) reported earnings on 7/21/22 before the market open with $2.57, beating estimates of $1.998 per share.

American Express (AXP) reported earnings on 7/22/22 before the market open with $2.57, beating estimates of $2.371 per share.

Verizon (VZ) reported earnings on 7/22/22 before the market open with $1.31, missing estimates of $1.338 per share.

3M (MMM) reported earnings on 7/26/22 before the market open with $2.48, beating estimates of $2.407 per share.

Coca Cola (KO) reported earnings on 7/26/22 before the market open with $0.70, beating estimates of $0.673 per share.

McDonald’s (MCD) reported earnings on 7/26/22 before the market open with $2.55, beating estimates of $2.456 per share.

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.

Honeywell (HON) reports earnings on 7/28/22 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.

Intel (INTC) reports earnings on 7/28/22 after the market close.

Caterpillar (CAT) reports earnings on 7/29/22 before the market open.

Chevron (CVX) reports earnings on 7/29/22 before the market open.

Procter & Gamble (PG) reports earnings on 7/29/22 before the market open.

Amgen (AMGN) reports earnings on 8/4/22 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 109.28 (+0.15%) is down -34.43% in 2022.

Financial Calendar

08:55 AM ET Redbook (YoY), 14.6%
09:00 AM ET House Price Index (YoY) (May), 18.8%
09:00 AM ET House Price Index (MoM) (May), 1.6%
09:00 AM ET House Price Index (May), 392.9
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (May), 1.5%, 1.8%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (May), 2.3%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (May), 20.6%, 21.2%
10:00 AM ET CB Consumer Confidence (Jul), 97.2, 98.7
10:00 AM ET New Home Sales (MoM) (Jun), 10.7%
10:00 AM ET New Home Sales (Jun), 660K, 696K
10:00 AM ET Richmond Manufacturing Index (Jul), -17, -11
10:00 AM ET Richmond Manufacturing Shipments (Jul), -15
10:00 AM ET Richmond Services Index (Jul)
10:30 AM ET Dallas Fed Services Revenues (Jul), 9.4
10:30 AM ET Texas Services Sector Outlook (Jul), -12.4
13:00 PM ET 5-Year Note Auction, 3.271%
16:30 PM ET API Weekly Crude Oil Stock, 1.860M

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