DJIA Market Happenings For Thursday, August 25, 2022 – Intel (INTC) 33.86 Down -34.25% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Intel (INTC) 33.86 (-0.27%), Verizon (VZ) 43.55 (+0.18%) and Walgreens (WBA) 36.77 (-1.79%).

The Market

Premarket today, the Dow was indicated to open up +13 points.

Wednesday the Dow closed up +59.64 (+0.18%) at 32,969.23.

Year-to-date the Dow is down -9.27%.

Wednesday, (18) of the Dow 30 stocks were up, (3) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Wednesday were led by Salesforce (CRM) 180.01 (+2.28%),Boeing (BA) 163.60 (+2.21%) and Disney (DIS) 116.41 (+1.35%).

The Dow stock losers Wednesday were led by Dow (DOW) 54.24 (-2.48%), Walgreens (WBA) 36.77 (-1.79%) and Caterpillar (CAT) 194.16 (-1.55%).

The 10 YR yield is currently at 3.121% and the VIX is at 22.88 (+0.26%).

Salesforce (CRM) slid 6.3% in premarket trading after the business software giant cut its full year guidance, as economic uncertainty slows the pace of customer deals. Salesforce posted better than expected sales and profit for its most recent quarter. Salesforce also approved a $10 billion share buyback program. It is also raising prices for Slack, the team messaging app it acquired last year for $28 billion as it became clear that hybrid work arrangements were going to stick around.

Apple (AAPL) on Wednesday sent out cosmic-themed invitations to a big event Sept. 7, when it is expected to unveil the latest iPhones. Investors and consumers alike will be looking for whether Apple will jack up its already premium-level prices given supply chain issues and inflation. Apple could also unveil a new Apple Watch at the event. I’m hoping for a new Mac Mini.

Unemployment insurance weekly claims in the week ending August 20, the advance figure for seasonally adjusted initial claims was 243,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised down by 5,000 from 250,000 to 245,000. The 4-week moving average was 247,000, an increase of 1,500 from the previous week’s revised average. The previous week’s average was revised down by 1,250 from 246,750 to 245,500. The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending August 13, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 1,415,000, a decrease of 19,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 1,437,000 to 1,434,000. The 4-week moving average was 1,424,750, an increase of 12,500 from the previous week’s revised average. The previous week’s average was revised down by 750 from 1,413,000 to 1,412,250. The total number of continued weeks claimed for benefits in all programs for the week ending August 6 was 1,448,533, a decrease of 32,948 from the previous week. There were 12,007,688 weekly claims filed for benefits in all programs in the comparable week in 2021.

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

The national average price of gasoline is down five-tenths of a cent at $3.878 per gallon.

Latest Dow 30 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) reported earnings on 8/24/22 after the market close with $1.19, beating estimates of $0.371 per share.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) 33.86 (-0.27%) is down -34.25% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,442K, 1,437K
08:30 AM ET Core PCE Prices (Q2), 4.40%, 4.40%
08:30 AM ET Corporate Profits (QoQ) (Q2), -4.9%
08:30 AM ET GDP (QoQ) (Q2), -0.8%, -0.9%
08:30 AM ET GDP Price Index (QoQ) (Q2), 8.7%, 8.9%
08:30 AM ET GDP Sales (Q2), 1.1%
08:30 AM ET Initial Jobless Claims, 253K, 250K
08:30 AM ET Jobless Claims 4-Week Avg., 246.75K
08:30 AM ET PCE Prices (Q2), 7.1%
08:30 AM ET Real Consumer Spending (Q2), 1.0%
09:00 AM ET Jackson Hole Symposium
10:30 AM ET Natural Gas Storage, 58B, 18B
11:00 AM ET KC Fed Composite Index (Aug), 13
11:00 AM ET KC Fed Manufacturing Index (Aug), 7
11:30 AM ET 4-Week Bill Auction, 2.150%
11:30 AM ET 8-Week Bill Auction, 2.490%
13:00 PM ET 7-Year Note Auction, 2.730%

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