Dow stocks hitting 52-week highs include Merck (MRK) 105.61 (+1.32%). There are no Dow stock 52-week lows.
The Market
Premarket today, the Dow was indicated to open up +154 points.
Monday the Dow closed down -45.41 (-0.13%) at 33,700.28.
Year-to-date the Dow is down -7.26%.
Monday, (19) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.
The Dow stock winners Monday were led by Disney (DIS) 97.58 (+6.30%), Walgreens (WBA) 40.59 (+2.11%) and Coca COla (KO) 62.08 (+1.54%).
The Dow stock losers Monday were led by Intel (INTC) 28.94 (-3.11%), UnitedHealth (UNH) 517.19 (-2.42%) and Apple (AAPL) 148.01 (-2.17%).
The 10 YR yield closed Monday at 3.818 and the VIX at 22.36 (-3.29%). The 10 YR is currently at 3.802 and VIX is at 22.24 (-0.54%).
The Federal Reserve has made some progress in its fight against inflation, but it’s too early to stop rate hikes, Cleveland Fed President Loretta Mester said yesterday.
Bob Iger, the old Disney (DIS) CEO who is now the new Disney CEO, is already making moves to undo two of the most consequential decisions made by his predecessor, Bob Chapek. In a memo Monday, not 24 hours after he was re-hired, Iger told employees to get ready for a reorganization of the company’s Disney Media & Entertainment Distribution unit, which Chapek created. DMED, as it’s known at Disney, angered executives and employees on the creative side of the business who had grown used to having budgetary power over projects. Chapek’s structure shifted things so all of those big decisions would go through DMED boss Kareem Daniel, his right-hand man. Now Daniel is out, too, Iger said in Monday’s memo. “Without question, elements of DMED will remain, but I fundamentally believe that storytelling is what fuels this company, and it belongs at the center of how we organize our businesses,” the CEO wrote.
U.S. futures are higher, European stocks are higher and Asian markets ended mostly higher.
The national average price of gasoline is down 2.6 cents at $3.636 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) reported earnings on 10/27/2022 before the market open with $3.95, beating estimates of $3.186 per share.
Honeywell (HON) reported earnings on 10/27/2022 before the market open with $2.25, beating estimates of $2.163 per share.
McDonald’s (MCD) reported earnings on 10/27/2022 before the market open with $2.68, beating estimates of $2.57 per share.
Merck (MRK) reported earnings on 10/27/2022 before the market open with $1.85, beating estimates of $1.674 per share.
Apple (AAPL) reported earnings on 10/27/2022 after the market close with $1.29, beating estimates of $1.261 per share.
Intel (INTC) reported earnings on 10/27/2022 after the market close with $0.59, beating estimates of $0.34 per share.
Chevron (CVX) reported earnings on 10/28/2022 before the market open with $5.56, beating estimates of $5.019 per share.
Amgen (AMGN) reported earnings on 11/3/2022 after the market close with $4.70, beating estimates of $4.427 per share.
Disney (DIS) reports earnings on 11/8/2022 after the market close with $0.30, missing estimates of $0.503 per share.
Home Depot (HD) reported earnings on 11/15/2022 before the market open with $4.24, beating estimates of $4.109 per share.
Walmart (WMT) reported earnings on 11/15/2022 before the market open with $1.50, beating estimates of $1.315 per share.
Cisco (CSCO) reported earnings on 11/16/2022 after the market close with $0.86, beating estimates of $0.733 per share.
Salesforce (CRM) reports earnings on 11/30/2022 after the market close.
Today’s Featured Dow Stock
Coca Cola (KO) 62.08 (+1.54%) is up +4.85% in 2022.
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