DJIA Market Happenings For Wednesday, August 18, 2022 – Disney (DIS) 124.96 Down -19.32% 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 -203 points.

Tuesday the Dow closed up +239.57 (+0.71%) at 34,152.01.

Year-to-date the Dow is down -6.02%.

Tuesday, (21) 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 Tuesday were led by Walmart (WMT) 139.37 (+5.11%), Home Depot (HD) 327.38 (+4.06%) and Walgreens (WBA) 42.04 (+2.36%).

The Dow stock losers Tuesday were led by 3M (MMM) 150.26 (-0.77%), Salesforce (CRM) 189.59 (-0.77%) and Intel (INTC) 36.19 (-0.41%).

The 10 YR yield is currently at 2.886% and the VIX is at 20.50 (+4.11%).

The Federal Reserve releases its minutes today from the last FOMC meeting.

U.S. housing starts fell -9.6% in July missing expectations. Earlier this week, the National Association of Home Builders declared a “housing recession” after builder confidence sank for the eighth consecutive month.

The Mortgage Bankers Association said Wednesday that demand for mortgages last week hit the lowest level since 2000. Fewer people are refinancing their mortgages, too, as rates are nearly double where they were early this year. The report Wednesday comes on the heels of new surveys showing that more people are backing out of deals to buy homes.

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

The national average price of gasoline is down six-tenths of a cent at $3.943 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

Disney (DIS)

Disney (DIS) 124.96 (+0.56%) is down -19.32% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 5.47%
07:00 AM ET MBA Mortgage Applications (WoW), 0.2%
07:00 AM ET MBA Purchase Index, 205.4
07:00 AM ET Mortgage Market Index, 279.8
07:00 AM ET Mortgage Refinance Index, 662.9
08:30 AM ET Core Retail Sales (MoM) (Jul), -0.1%, 1.0%
08:30 AM ET Retail Control (MoM) (Jul), 0.6%, 0.8%
08:30 AM ET Retail Sales (MoM) (Jul), 0.1%, 1.0%
08:30 AM ET Retail Sales (YoY) (Jul), 8.42%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Jul), 0.7%
09:30 AM ET FOMC Member Bowman Speaks
10:00 AM ET Business Inventories (MoM) (Jun), 1.4%, 1.4%
10:00 AM ET Retail Inventories Ex Auto (Jun), 1.6%, 1.4%
10:30 AM ET Crude Oil Inventories, -0.275M, 5.458M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.728M
10:30 AM ET Crude Oil Imports, 0.231M
10:30 AM ET Cushing Crude Oil Inventories, 0.723M
10:30 AM ET Distillate Fuel Production, 0.189M
10:30 AM ET EIA Weekly Distillates Stocks, 0.440M, 2.166M
10:30 AM ET Gasoline Production, 0.858M
10:30 AM ET Heating Oil Stockpiles, 0.037M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.2%, 3.3%
10:30 AM ET Gasoline Inventories, -1.096M , -4.978M
13:00 PM ET 20-Year Bond Auction, 3.488%
14:00 PM ET FOMC Meeting Minutes
14:20 PM ET FOMC Member Bowman Speaks

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