The Dow Market Happenings For Friday, July 29, 2022 – UnitedHealth (UNH) 541.59 Up +7.84% 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 down -16 points.

Thursday the Dow closed up +332.04 (+1.03%) at 32,529.63.

Year-to-date the Dow is down -11.39%.

Thursday, (25) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Nike (NKE) 112.23 (+4.05%), Honeywell (HON) 190.44 (+3.69%) and Microsoft (MSFT) 276.41 (+2.85%).

The Dow stock losers Thursday were led by Travelers (TRV) 155.74 (-2.03%), Merck (MRK) 89.94 (-1.41%) and Intel (INTC) 39.71 (-1.17%).

The 10 YR yield is currently at 2.687% and the VIX is at 22.33 (-0.85%).

Apple (AAPL) shares rose in premarket trading after the gargantuan gadget purveyor topped Wall Street’s expectations for quarterly earnings and revenue. Apple can thank their pride and joy, the good ol’ reliable iPhone. The strong sales came even as the iPhone 13 is in the second half of its product cycle, meaning a new model is coming soon. “We had a record level of switchers and saw double-digit growth for customers new to iPhone,” CEO Tim Cook said. Yet while Cook said the company expects revenue growth to be strong through the current quarter, he did cite “pockets of softness.” The slowdown in Apple’s services growth is one potential area of concern.

U.S. President Joe Biden and Chinese President Xi Jinping spoke for more than two hours Thursday, and they began arrangements for their first face-to-face meeting since Biden was inaugurated. The long talk between the two superpower leaders came after the House sent a bill to boost U.S. competitiveness with China to Biden, and as the world focuses on Taiwan, the self-ruled island which China claims as its own. House Speaker Nancy Pelosi, D-Calif., has indicated she may visit Taiwan during a swing through Asia that begins this week, which could enflame relations between the U.S. and China.

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

The national average price of gasoline is down 2.3 cents at $4.255 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) reported earnings on 7/28/22 before the market open with $2.10, beating estimates of $2.027 per share.

Merck (MRK) reported earnings on 7/28/22 before the market open with $1.87, beating estimates of $1.674 per share.

Apple (AAPL) reported earnings on 7/28/22 after the market close with $1.20, beating estimates of $1.138 per share.

Intel (INTC) reports earnings on 7/28/22 after the market close with $0.29, missing estimates of $0.689 per share.

Chevron (CVX) reported earnings on 7/29/22 before the market open with $55.95, beatinging estimates of $5.017 per share.

Procter & Gamble (PG) reported earnings on 7/29/22 before the market open with $1.21, missing estimates of $1.232 per share.

Caterpillar (CAT) reports earnings on 8/2/22 before the market open.

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

Disney (DIS) reports earnings on 8/10/22 after the market close.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 541.59 (+1.29%) is up +7.84% in 2022.

Financial Calendar

08:30 AM ET Core PCE Price Index (MoM) (Jun), 0.5%, 0.3%
08:30 AM ET Core PCE Price Index (YoY) (Jun), 4.7%, 4.7%
08:30 AM ET Employment Benefits (QoQ) (Q2), 1.80%
08:30 AM ET Employment Cost Index (QoQ) (Q2), 1.2%, 1.4%
08:30 AM ET Employment Wages (QoQ) (Q2), 1.20%
08:30 AM ET PCE Price index (YoY) (Jun), 6.3
08:30 AM ET PCE price index (MoM) (Jun), 0.6%
08:30 AM ET Personal Income (MoM) (Jun), 0.5%, 0.5%
08:30 AM ET Personal Spending (MoM) (Jun), 0.9%, 0.2%
08:30 AM ET Real Personal Consumption (MoM) (Jun), -0.4%
09:45 AM ET Chicago PMI (Jul), 55.0, 56.0
10:00 AM ET Michigan 5-Year Inflation Expectations (Jul), 2.80%
10:00 AM ET Michigan Consumer Expectations (Jul), 47.3
10:00 AM ET Michigan Consumer Sentiment (Jul), 51.1, 51.1
10:00 AM ET Michigan Current Conditions (Jul), 57.1
10:00 AM ET Michigan Inflation Expectations (Jul), 5.2%
10:58 AM ET Dallas Fed PCE (Jun), 5.30%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 599
13:00 PM ET U.S. Baker Hughes Total Rig Count, 758
15:30 PM ET CFTC Aluminium speculative net positions, 3.9K
15:30 PM ET CFTC Copper speculative net positions, -23.8K
15:30 PM ET CFTC Corn speculative net positions, 209.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 271.1K
15:30 PM ET CFTC Gold speculative net positions, 95.0K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 28.1K
15:30 PM ET CFTC Natural Gas speculative net positions, -120.3K
15:30 PM ET CFTC S&P 500 speculative net positions, -208.1K
15:30 PM ET CFTC Silver speculative net positions, 1.4K
15:30 PM ET CFTC Soybeans speculative net positions, 102.6K
15:30 PM ET CFTC Wheat speculative net positions, 6.5K

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