The Dow Market Happenings For Tuesday, August 16, 2022 – Chevron (CVX) 156.81 Up +33.63% 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 -59 points.

Monday the Dow closed up +151.39 (+0.45%) at 33,912.44.

Year-to-date the Dow is down -6.68%.

Monday, (22) 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 Monday were led by Visa (V) 216.42 (+2.41%), Disney (DIS) 124.26 (+2.21%) and Procter & Gamble (PG) 148.56 (+1.29%).

The Dow stock losers Monday were led by Chevron (CVX) 156.81 (-1.90%), Dow (DOW) 55.34 (-1.05%) and 3M (MMM) 151.43 (-0.53%).

The 10 YR yield is currently at 2.866% and the VIX is at 20.14 (+0.95%).

Walmart (WMT) posted healthy profit and revenue beats Tuesday morning, while standing by its forecast for the second half. Earlier disclosures set the stage for the results. Last month, Walmart warned its profits would be squeezed as customers, dogged by sky-high inflation, sought out bargains on lower-margin items such as groceries as they shunned more profitable discretionary items like electronics. The retailer, like others in the space, has had to work through a glut of excess inventory, too, as shoppers changed their behaviors.

Home Depot (HD) beat expectations on the top and bottom lines. The company also stuck with its outlook for the year, even as Americans contend with high inflation. Home Depot sales reflect the strength of higher-end consumers who hire professional contractors. “Our performance reflects continued strength in demand for home improvement projects,” Home Depot CEO Ted Decker said in a statement accompanying the earnings release. Not everything was rosy, though: The company said total customer transactions slipped to 467.4 million from 481.7 million in the prior-year quarter.

Homebuilder sentiment fell into negative territory this month, according to National Association of Home Builders/Wells Fargo Housing Market Index. Mortgage rates have declined from recent highs, but are still nearly double what they were at the beginning of the year. Home prices are still rising, too, and supply remains tight.

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

The national average price of gasoline is down seven-tenths of a cent at $3.949 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) reported earnings on 8/16/22 before the market open with $5.05, beating estimates of $4.945 per share.

Walmart (WMT) reports earnings on 8/16/22 before the market open with $1.77, beating estimates of $1.604 per share.

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

Chevron (CVX)

Chevron (CVX) 156.81 (-1.90%) is up +33.63% in 2022.

Financial Calendar

08:30 AM ET Building Permits (MoM) (Jul), 0.1%
08:30 AM ET Building Permits (Jul), 1.650M, 1.696M
08:30 AM ET Housing Starts (Jul), 1.540M, 1.559M
08:30 AM ET Housing Starts (MoM) (Jul), -2.0%
08:55 AM ET Redbook (YoY), 10.4%
09:15 AM ET Capacity Utilization Rate (Jul), 80.1% 80.0%
09:15 AM ET Industrial Production (MoM) (Jul), 0.3%, -0.2%
09:15 AM ET Industrial Production (YoY) (Jul), 4.16%
09:15 AM ET Manufacturing Production (MoM) (Jul), 0.2%, -0.5%
16:30 PM ET API Weekly Crude Oil Stock, 2.156M

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