The Dow Market Happenings For Wednesday, October 26, 2022 – Walgreens (WBA) 35.52 Down -31.90% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 259.99 (-0.51%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -56 points.

Tuesday the Dow closed up +337.12 (+1.07%) at 31,836.74.

Year-to-date the Dow is down -12.39%.

Tuesday, (26) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Amgen (AMGN) 261.32 (+3.72%), Coca Cola (KO) 57.57 (+2.88%) and Home Depot (HD) 283.26 (+2.81%).

The Dow stock losers Tuesday were Nike (NKE) 88.01 (-0.55%), Disney (DIS) 101.72 (-0.31%) and Chevron (CVX) 173.13 (-0.03%).

The 10 YR yield closed Tuesday at 4.087% and the VIX at 28.46 (-4.66%). The 10 YR is currently at 4.058 and VIX is at 28.42 (-0.14%).

Markets looking flat this morning.

Microsoft (MSFT) beat on the top and bottom lines when it reported quarterly results Tuesday, but weak cloud revenue and underwhelming guidance weighed on the tech giant’s shares in off-hours trading. Wall Street had expected the pace of public cloud business Azure’s revenue growth to slow in the quarter, but it came in lower than projections, and not just because consumption growth moderated. Chief Financial Officer Amy Hood said energy costs weighed on Azure’s gross margin, another example of how inflation is taking a toll on pretty much everything.

Demand for mortgages has fallen to the lowest level in 25 years thanks in large part to surging interest rates, according to the Mortgage Bankers Association. The rate for the most popular mortgage, the 30-year fixed, is hovering above 7% after starting the year around 3%. The rapid turnaround, which came after years of low rates and easy money from the Federal Reserve, cooled what had become a super-hot market in the first two years of the Covid pandemic, as Americans scooped up homes in the suburbs and exurbs. While prices are still higher than where they were a year ago, the pace of increases has cooled off dramatically as rates scare off sellers, buyers and builders alike.

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

The national average price of gasoline is down 1.1 cents at $3.764 per gallon.

Latest Dow 30 Earnings Reports

Nike (NKE) reported earnings on 9/29/2022 after the market close with $0.93, beating estimates of $0.913 per share.

Walgreens (WBA) reported earnings on 10/13/2022 before the market open with $0.80, beating estimates of $0.779 per share.

JPMorgan (JPM) reported earnings on 10/14/2022 before the market open with $3.12, beating estimates of $2.961 per share.

UnitedHealth (UNH) reported earnings on 10/14/2022 before the market open with $5.79, beating estimates of $5.451 per share.

Goldman Sachs (GS) reported earnings on 10/18/2022 before the market open with $8.25, beating estimates of $7.69 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2022 before the market open with $2.55, beating estimates of $2.494 per share.

Procter & Gamble (PG) reported earnings on 10/19/2022 before the market open with $1.57, beating estimates of $1.548 per share.

Travelers (TRV) reported earnings on 10/19/2022 before the market open with $2.20, beating estimates of $1.77 per share.

IBM (IBM) reported earnings on 10/19/2022 after the market close with $1.81, beating estimates of $1.776 per share.

Dow (DOW) reported earnings on 10/20/2022 before the market open with $1.11, beating estimates of $1.026 per share.

American Express (AXP) reported earnings on 10/21/2022 before the market open with $2.47, beating estimates of $2.385 per share.

Verizon (VZ) reported earnings on 10/21/2022 before the market open with $1.32, beating estimates of $1.285 per share.

Coca Cola (KO) reported earnings on 10/25/2022 before the market open with $0.69, beating estimates of $0.636 per share.

3M (MMM) reported earnings on 10/25/2022 before the market open with $2.69, beating estimates of $2.612 per share.

Microsoft (MSFT) reported earnings on 10/25/2022 after the market close with $2.35, beating estimates of $2.29 per share.

Visa (V) reported earnings on 10/25/2022 after the market close with $1.93, beating estimates of $1.857 per share.

Boeing (BA) reported earnings on 10/26/2022 before the market open with -$6.18, missing estimates of -$0.006 per share.

Caterpillar (CAT) reports earnings on 10/27/2022 before the market open.

Honeywell (HON) reports earnings on 10/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 10/27/2022 before the market open.

Merck (MRK) reports earnings on 10/27/2022 before the market open.

Apple (AAPL) reports earnings on 10/27/2022 after the market close.

Intel (INTC) reports earnings on 10/27/2022 after the market close.

Chevron (CVX) reports earnings on 10/28/2022 before the market open.

Amgen (AMGN) reports earnings on 11/3/2022 after the market close.

Disney (DIS) reports earnings on 11/8/2022 after the market close.

Home Depot (HD) reports earnings on 11/15/2022 before the market open.

Walmart (WMT) reports earnings on 11/15/2022 before the market open.

Cisco (CSCO) reports earnings on 11/16/2022 after the market close.

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 35.52 (+2.39%) is down -31.90% in 2022.

07:00 AM ET MBA 30-Year Mortgage Rate, 6.94%
07:00 AM ET MBA Mortgage Applications (WoW), -4.5%
07:00 AM ET MBA Purchase Index, 164.2
07:00 AM ET Mortgage Market Index, 204.6
07:00 AM ET Mortgage Refinance Index, 394.6
08:30 AM ET Goods Trade Balance (Sep), -87.28B
08:30 AM ET Retail Inventories Ex Auto (Sep), 0.6%
08:30 AM ET Wholesale Inventories (MoM), 1.3%
10:00 AM ET New Home Sales (Sep), 585K, 685K
10:00 AM ET New Home Sales (MoM) (Sep), -13.9%, 28.8%
10:30 AM ET Crude Oil Inventories, 1.029M, -1.725M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.133M
10:30 AM ET Crude Oil Imports, -1.421M
10:30 AM ET Cushing Crude Oil Inventories, 0.583M
10:30 AM ET Distillate Fuel Production, 0.160M
10:30 AM ET EIA Weekly Distillates Stocks, -1.138M, 0.124M
10:30 AM ET Gasoline Production, 0.213M
10:30 AM ET Heating Oil Stockpiles, -0.543M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.3%, -0.4%
10:30 AM ET Gasoline Inventories, -0.805M, -0.114M

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