DJIA Market Happenings For Wednesday, August 3 2022 – Walgreens (WBA) 39.05 Down -25.13% 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 +187 points.

Tuesday the Dow closed down -402.23 (-1.23%) at 32,396.17.

Year-to-date the Dow is down -10.85%.

Tuesday, (4) 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 Salesforce (CRM) 183.79 (+0.44%), Travelers (TRV) 156.71 (+0.28%) and Walmart (WMT) 132.68 (+0.11%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 183.51 (-5.82%), Boeing (BA) 163.28 (-3.42%) and Intel (INTC) 36.01 (-2.57%).

The 10 YR yield is currently at 2.800% and the VIX is at 23.08 (-3.38%).

The Dow Jones Industrial Average is down -1.37% week to date.

House Speaker Nancy Pelosi left Taiwan on Wednesday around 6 a.m. ET, marking the end to a brief but controversial stop in the self-ruled island that China claims as its own territory. While there, the California Democrat met with Taiwanese President Tsai Ing-wen and signaled her support for the democratic island.

Mortgage applications rose last week, the first time since June 24 that volume increased on a week-to-week basis. Total mortgage demand increased 1.2%, helped by the average 30-year fixed mortgage rate recording its biggest weekly drop since 2020. Applications to buy a home increased 1% compared with the previous week, while refinance applications rose 2%. The latest mortgage data comes amid concerns about weakening consumer confidence and a slowing U.S. economy, as the Fed tightens monetary policy in hopes of cooling the hottest inflation since the early 1980s.

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

The national average price of gasoline is down 2.6 cents at $4.163 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) reported earnings on 8/2/22 before the market open with $3.18, beating estimates of $2.996 per share.

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

Walgreens (WBA)

Walgreens (WBA) 39.05 (-2.11%) is down -25.13% in 2022.

Financial Calendar

06:00 AM ET OPEC Meeting
07:00 AM ET MBA 30-Year Mortgage Rate, 5.74%
07:00 AM ET MBA Mortgage Applications (WoW), -1.8%
07:00 AM ET MBA Purchase Index, 206.4
07:00 AM ET Mortgage Market Index, 276.0
07:00 AM ET Mortgage Refinance Index, 631.4
09:45 AM ET S&P Global Composite PMI (Jul), 47.5, 47.5
09:45 AM ET Services PMI (Jul), 52.7, 47.0
10:00 AM ET Durables Excluding Defense (MoM) (Jun), 0.4%
10:00 AM ET Factory Orders (MoM) (Jun), 1.1%, 1.6%
10:00 AM ET Factory orders ex transportation (MoM) (Jun), 1.7%
10:00 AM ET ISM Non-Manufacturing Business Activity (Jul), 54.0, 56.1
10:00 AM ET ISM Non-Manufacturing Employment (Jul), 47.4
10:00 AM ET ISM Non-Manufacturing New Orders (Jul), 55.6
10:00 AM ET ISM Non-Manufacturing PMI (Jul), 53.5, 55.3
10:00 AM ET ISM Non-Manufacturing Prices (Jul), 80.1
10:30 AM ET Crude Oil Inventories, -0.629M, -4.523M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.292M
10:30 AM ET Crude Oil Imports, -1.144M
10:30 AM ET Cushing Crude Oil Inventories, 0.751M
10:30 AM ET Distillate Fuel Production, -0.022M
10:30 AM ET EIA Weekly Distillates Stocks, 1.038M, -0.784M
10:30 AM ET Gasoline Production, 0.290M
10:30 AM ET Heating Oil Stockpiles, -0.012M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.6%, -1.5%
10:30 AM ET Gasoline Inventories, -1.614M , -3.304M

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