DJIA Market Happenings For Monday, August 1, 2022 – Visa (V) 212.11 Down -2.12% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 36.31 (-8.56%).

The Market

Premarket today, the Dow was indicated to open down -108 points.

Friday the Dow closed up +315.50 (+0.97%) at 32,845.13.

Year-to-date the Dow is down -9.61%.

Friday, (24) of the Dow 30 stocks were up, (1) was at a 52-week low and none were at 52-week highs.

The Dow stock winners Friday were led by Chevron (CVX) 163.78 (+8.90%), Caterpillar (CAT) 198.25 (+5.54%) and Apple (AAPL) 162.51 (+3.28%).

The Dow stock losers Friday were led by Intel (INTC) 36.31 (-8.56%), Procter & Gamble (PG) 138.91 (-6.18%) and Amgen (AMGN) 247.47 (-0.91%).

The 10 YR yield is currently at 2.740% and the VIX is at 21.33 (-4.48%).

The Dow Jones Industrial Average was up +6.7% in July, it’s largest monthly advance since November 2020.

Crude prices dropped Monday, as energy markets digest poor factory data from China and Japan, and prepare for OPEC and its oil-producing allies to decide September output later in the week. West Texas Intermediate futures, the U.S. oil benchmark, traded lower by roughly 1.5% on Monday, while international benchmark Brent crude futures fell around 1.1%. WTI and Brent declined for the second-straight month in July as recession concerns weighed on prices, their first two-month losing streak since October 2020. The group known as OPEC+ is set to meet Wednesday to discuss whether to keep September output plans steady or modestly increase production.

This coming Friday morning, a key economic report will be released when the Labor Department is expected to say the U.S. economy added 250,000 new nonfarm jobs in July. That’s down from a stronger-than-expected gain of 372,000 in June and would mark the weakest job growth since December 2020. The unemployment rate is anticipated to hold steady at 3.6% for the fifth month in a row, just slightly above the pre-pandemic level of 3.5% in January and February 2020, which was the lowest since May 1969.

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

The national average price of gasoline is down eight-tenths of a cent at $4.212 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, beating 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

Visa (V)

Visa (V) 212.11 (+0.36%) is down -2.12% in 2022.

Financial Calendar

09:45 AM ET Manufacturing PMI (Jul), 52.3
10:00 AM ET Construction Spending (MoM) (Jun), 0.2%, -0.1%
10:00 AM ET ISM Manufacturing Employment (Jul), 47.3
10:00 AM ET ISM Manufacturing New Orders Index (Jul), 49.2
10:00 AM ET ISM Manufacturing PMI (Jul), 52.0, 53.0
10:00 AM ET ISM Manufacturing Prices (Jul), 74.3, 78.5
11:30 AM ET 3-Month Bill Auction, 2.520%
11:30 AM ET 6-Month Bill Auction, 2.920%

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