DJIA Market Happenings For Friday, November 25, 2022 – 3M (MMM) 128.00 Down -27.94% YTD

Dow stocks hitting 52-week highs include IBM (IBM) 148.75 (-0.23%) and Merck (MRK) 106.82 (-0.07%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +11 points.

Wednesday the Dow closed up +95.96 (+0.28%) at 34,194.06.

Year-to-date the Dow is down -5.90%.

Wednesday, (17) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Wednesday were led by Disney (DIS) 98.88 (+2.78%), Salesforce (CRM) 152.24 (+2.00%) and Boeing (BA) 174.85 (+1.36%).

The Dow stock losers Wednesday were Amgen (AMGN) 283.40 (-1.27%), Home Depot (HD) 321.51 (-1.04%) and Chevron (CVX) 184.24 (-0.89%).

The 10 YR yield closed Tuesday at 3.703 and the VIX at 20.35 (-4.42%). The 10 YR is currently at 3.732 and VIX is at 20.71 (+1.77%).

Markets close early today at 1 PM ET. Hope everyone had a fantastic Thanksgiving holiday.

The Fed minutes released Wednesday put a little extra pep in traders’ steps. The central bank’s policy makers indicated they are ready to slow down the pace of rate hikes given evidence of some progress in the fight against inflation.

The pressure is on for retailers to pull off a strong holiday season, which kicks off in earnest with Black Friday sales. But retailers have also largely painted themselves into a corner with a steady stream of promotions and clearance sales dating back months now as they’ve sought to clear out excess inventory that piled up because of supply chain problems or mere changes in what customers want. The National Retail Federation said 166.3 million people are expected to shop over the weekend. That would be a record. But will they spend enough?

The Dow is 9.1% above its 50-day moving average,it’s highest since June 2020 and only the eighth time since 1990 that it has been at least 9% above the moving average.

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

The national average price of gasoline is down eight-tenths of a cent at $3.578 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

3M (MMM)

3M (MMM) 128.00 (-0.47%) is down -27.94% in 2022.

Holiday Early Close at 13:00 PM

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