The Dow Market Happenings For Monday, August 22, 2022 – Home Depot (HD) 321.32 Down -22.58% 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 -346 points.

Friday the Dow closed down -292.30 (-0.86%) at 33,706.74.

Year-to-date the Dow is down -6.49%.

Friday, (6) of the Dow 30 stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Johnson & Johnson (JNJ) 169.31 (+1.52%), Merck (MRK) 92.08 (+0.74%) and UnitedHealth (UNH) 548.32 (+0.74%).

The Dow stock losers Friday were led by Boeing (BA) 162.92 (-3.42%), JPMorgan (JPM) 118.63 (-2.47%) and Nike (NKE) 113.16 (-2.46%).

The 10 YR yield is currently at 2.982% and the VIX is at 20.60 (+5.32%).

Looks like a down start tot the week as investors are deciding whether they believe the Federal Reserve will continue its aggressive rate hikes to curb inflation. They will be looking for clues from Fed Chair Jerome Powell, who is slated to talk Friday in Jackson Hole, Wyoming.

While the United States hikes interest rates to fight inflation, China is cutting them as it faces an economic slowdown brought on by tight Covid restrictions and turmoil in the country’s housing market. Analyst reactions were mixed. Some said it was an encouraging sign that the People’s Bank of China is willing to boost liquidity, even if this most recent move won’t have much of an impact.

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 $3.901 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) reported earnings on 8/17/22 after the market close with $0.83, beating estimates of $0.728 per share.

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

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 321.32 (-1.20%) is down -22.58% in 2022.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Jul), -0.19
11:30 AM ET 3-Month Bill Auction, 2.610%
11:30 AM ET 6-Month Bill Auction, 3.020%

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