Dow stocks hitting 52-week highs include IBM (IBM) 149.10 (+1.65%), Merck (MRK) 106.90 (+1.22%) and Travelers (TRV) 187.13 (+0.85%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -47 points.

Tuesday the Dow closed up +397.75 (+1.18%) at 34,098.30.

Year-to-date the Dow is down -6.17%.

Tuesday, (27) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Tuesday were led by Intel (INTC) 29.82 (+3.04%), Salesforce (CRM) 149.25 (+3.04%) and Walgreens (WBA) 41.79 (+2.96%).

The Dow stock losers Tuesday were Disney (DIS)96.21 (-1.40%), Amgen (AMGN) 287.05 (-0.39%) and Boeing (BA) 172.50 (-0.25%).

The 10 YR yield closed Tuesday at 3.757 and the VIX at 21.29 (-4.79%). The 10 YR is currently at 3.753 and VIX is at 21.69 (+1.88%).

Today at 11 AM PST we get the FOMC minutes from the 11/2/2022 meeting. Hopefully the Market reads Bullishness into the words.

Jobless claims data came in higher than expected at 240,000 for the week ending Nov. 19 where economist expected 225,000, signaling that the labor market may be weakening. At the same time, however, durable goods orders for October were stronger than anticipated, coming in at 1%, more than the 0.5% expected.

President Joe Biden’s administration Tuesday said it extended a pause on federal student loan payments through June, or before then if courts allow Biden’s student loan forgiveness program to go into effect. A federal appeals court last week halted the plan, which offers up to $20,000 in loan forgiveness, with a nationwide injunction. “We’re extending the payment pause because it would be deeply unfair to ask borrowers to pay a debt that they wouldn’t have to pay, were it not for the baseless lawsuits brought by Republican officials and special interests,” Education Secretary Miguel Cardona said Tuesday.

Markets will be closed on Thursday for the Thanksgiving holiday and will close early on Friday.

I hope everyone has a Happy and Safe Thanksgiving holiday tomorrow.

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

The national average price of gasoline is down 2.7 cents at $3.609 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

McDonald’s (MCD)

McDonald’s (MCD) 274.76 (+0.09%) is up +2.49% in 2022.

07:00 AM ET MBA 30-Year Mortgage Rate, 6.90%
07:00 AM ET MBA Mortgage Applications (WoW), 2.7%
07:00 AM ET MBA Purchase Index, 169.7
07:00 AM ET Mortgage Market Index, 205.2
07:00 AM ET Mortgage Refinance Index, 367.1
08:00 AM ET Building Permits, 1.526M, 1.564M
08:00 AM ET Building Permits (MoM), -2.4%, 1.4%
08:30 AM ET Continuing Jobless Claims, 1,517K, 1,507K
08:30 AM ET Core Durable Goods Orders (MoM) (Oct), 0.1%, -0.5%
08:30 AM ET Durable Goods Orders (MoM) (Oct), 0.4%, 0.4%
08:30 AM ET Durables Excluding Defense (MoM) (Oct), 1.5%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Oct), 0.3%, -0.4%
08:30 AM ET Initial Jobless Claims, 225K, 222K
08:30 AM ET Jobless Claims 4-Week Avg., 221.00K
09:45 AM ET Manufacturing PMI (Nov), 50.0, 50.4
09:45 AM ET S&P Global Composite PMI (Nov), 48.2
09:45 AM ET Services PMI (Nov), 47.9, 47.8
10:00 AM ET Michigan 5-Year Inflation Expectations (Nov), 3.00%
10:00 AM ET Michigan Consumer Expectations (Nov), 52.7
10:00 AM ET Michigan Consumer Sentiment (Nov), 55.0, 54.7
10:00 AM ET Michigan Current Conditions (Nov), 65.3, 57.8
10:00 AM ET Michigan Inflation Expectations (Nov), 5.1%
10:00 AM ET New Home Sales (MoM) (Oct), -10.9%
10:00 AM ET New Home Sales (Oct), 570K, 603K
10:30 AM ET Crude Oil Inventories, -1.055M, -5.400M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.063M
10:30 AM ET Crude Oil Imports, -1.236M
10:30 AM ET Cushing Crude Oil Inventories, -1.624M
10:30 AM ET Distillate Fuel Production, -0.107M
10:30 AM ET EIA Weekly Distillates Stocks, -0.550M, 1.120M
10:30 AM ET Gasoline Production, 0.035M
10:30 AM ET Heating Oil Stockpiles, 0.598M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.3%, 0.8%
10:30 AM ET Gasoline Inventories, 0.383M, 2.207M
11:30 AM ET 4-Week Bill Auction, 3.580%
11:30 AM ET 8-Week Bill Auction, 3.850%
12:00 PM ET Natural Gas Storage, 63B, 64B
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 623
13:00 PM ET U.S. Baker Hughes Total Rig Count, 782
14:00 PM ET FOMC Meeting Minutes