DJIA Market Happenings For Monday, August 15, 2022 – Cisco (CSCO) 46.61 Down -26.45% 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 -202 points.

Friday the Dow closed up +424.38 (+1.27%) at 33,761.05.

Year-to-date the Dow is down -7.09%.

Friday, (29) of the Dow 30 stocks were up, none were at a 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Disney (DIS) 121.57 (+3.30%), Merck (MRK) 91.02 (+2.35%), Apple (AAPL) 172.10 (+2.14%), UnitedHealth (UNH) 543.70 (+2.03%) and Walmart (WMT) 132.22 (+1.85%).

The lone Dow stock loser Friday was Johnson & Johnson (JNJ) 165.30 (-1.10%).

The 10 YR yield is currently at 2.851% and the VIX is at 19.5. (-3.32%).

On Tuesday, Walmart (WMT), which made waves by slashing its forecast and cutting corporate jobs earlier this summer, will give investors a look at just how much inflation and overstocked inventories are cutting into margins. Home Depot (HD) also reports earnings Tuesday.

Several soft economic data points from China weighed on stocks Monday morning. The government reported industrial production and retail sales growth that fell below analysts’ expectations. Investment in manufacturing slowed down, while a decline in real estate investment accelerated. The Chinese economy has struggled to shrug off the impact of strict Covid restrictions, while its real estate sector is suffering from reduced cash flow as many homebuyers have stopped making mortgage payments to protest homebuilding delays.

Crude oil prices have slipped following the weak China data, a sign that gas prices are going to come down even more.

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

The national average price of gasoline is down three-tenths of a cent at $3.956 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 with $4.65, beating estimates of $4.405 per share.

Disney (DIS) reported earnings on 8/10/22 after the market close with $1.09, beating estimates of $0.937 per share.

Home Depot (HD) reports earnings on 8/16/22 before the market open.

Walmart (WMT) reports earnings on 8/16/22 before the market open.

Cisco (CSCO) reports earnings on 8/17/22 after the market close.

Salesforce (CRM) reports earnings on 8/24/22 after the market close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) 46.61 (+1.55%) is down -26.45% in 2022.

Financial Calendar

08:30 AM ET NY Empire State Manufacturing Index (Aug), 5.50, 11.10
10:00 AM ET NAHB Housing Market Index (Aug), 55, 55
11:30 AM ET 3-Month Bill Auction, 2.580%
11:30 AM ET 6-Month Bill Auction, 3.040%
16:00 PM ET US Foreign Buying, T-bonds (Jun), 99.90B
16:00 PM ET Overall Net Capital Flow (Jun), 182.50B
16:00 PM ET TIC Net Long-Term Transactions (Jun), 155.3B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Jun), 137.40B

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