The Dow Market Happenings For Wednesday, July 27, 2022 – Procter & Gamble (PG) Down -11.80% 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 +179 points.

Tuesday the Dow closed down -228.50 (-0.71%) at 31,761.54.(

Year-to-date the Dow is down -12.59%.

Tuesday, (12) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Tuesday were led by 3M (MMM) 140.75 (+4.94%), McDonald’s (MCD) 257.09 (+2.68%) and Coca Cola (KO) +1.64%).

The Dow stock losers Tuesday were led by Walmart (WMT) 121.98 (-7.60%), Salesforce (CRM) 170.46 (-3.85%) and Nike (NKE) 105.20 (-3.73%).

The 10 YR yield is currently at 2.814% and the VIX is at 24.69 (+0.86%).

Stocks are poised to open higher on a pivotal Wednesday morning. Investors are looking for what the Fed is going to say after its two-day meeting (more on that below), and there are some key earnings on the schedule.

The Fed wraps up its two-day policy meeting Wednesday, culminating in the central bank’s latest rate hike and words from Chairman Jerome Powell. So what’s this increase going to look like, three-quarters of a point, or is there still a chance for a full percentage point? The market is leaning toward the former, but some observers also expect Powell to talk somewhat tough about the need to whip inflation now, or at least over the next few months, as the economy slows.

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

The national average price of gasoline is down 2.5 cents at $4.302 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) reported earnings on 7/26/22 after the market close with $2.23, missing estimates of $2.284 per share.

Visa (V) reported earnings on 7/26/22 after the market close with $1.98, beating estimates of $1.739 per share..

Boeing (BA) reported earnings on 7/27/22 before the market open with -$0.37, missing estimates of $-$0.078 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 144.27 (+0.19%) is down -11.80% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 5.82%
07:00 AM ET MBA Mortgage Applications (WoW), -6.3%
07:00 AM ET MBA Purchase Index, 208.0
07:00 AM ET Mortgage Market Index, 281.1
07:00 AM ET Mortgage Refinance Index, 655.7
08:30 AM ET Core Durable Goods Orders (MoM) (Jun), 0.2%, 0.7%
08:30 AM ET Durable Goods Orders (MoM) (Jun), -0.5%, 0.8%
08:30 AM ET Durables Excluding Defense (MoM) (Jun), -0.5%, 0.7%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Jun), 0.2%, 0.6%
08:30 AM ET Goods Trade Balance (Jun), -104.04B
08:30 AM ET Retail Inventories Ex Auto (Jun), 0.8%
08:30 AM ET Wholesale Inventories (MoM), 1.8%
10:00 AM ET Pending Home Sales (MoM) (Jun), -1.5%, 0.7%
10:00 AM ET Pending Home Sales Index (Jun), 99.9
10:30 AM ET Crude Oil Inventories, -1.037M, -0.446M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.321M
10:30 AM ET Crude Oil Imports, -0.891M
10:30 AM ET Cushing Crude Oil Inventories, 1.143M
10:30 AM ET Distillate Fuel Production, -0.102M
10:30 AM ET EIA Weekly Distillates Stocks, 0.500M, -1.295M
10:30 AM ET Gasoline Production, 0.447M
10:30 AM ET Heating Oil Stockpiles, -0.298M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.4% -1.2%
10:30 AM ET Gasoline Inventories, -0.857M 3, 498M
14:00 PM ET FOMC Statement
14:00 PM ET Fed Interest Rate Decision, 2.50%, 1.75%
14:30 PM ET FOMC Press Conference

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