Dow stocks hitting 52-week highs include Caterpillar (CAT) 258.46 (+1.33%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -108 points.

Friday the Dow closed up +112.64 (+0.33%) at 34,302.61.

Year-to-date the Dow is up +3.49%.

Friday, (22) stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Friday were led by JPMorgan (JPM) 143.01 (+2.52%), Caterpillar (CAT) 258.46 (+1.33%) and Goldman Sachs (GS) 374.00 (+1.10%).

The Dow stock losers Friday were led by UnitedHealth (UNH) 489.57 (-1.23%), Intel (INTC) 30.11 (-0.59%) and Disney (DIS) 99.40 (-0.41%).

The 10 YR yield closed Thursday at 3.496 (+1.25%) and the VIX at 18.35 (-2.55%). The 10 YR is currently at 3.527 and VIX is at 19.94 (+8.66%).

Goldman Sachs (GS) posts its worst earnings miss in a decade as revenue falls while expenses rise. The company reported earnings of $3.32 per share vs. $5.48 estimated. Revenue was $10.59 billion vs. $10.83 billion estimated. This is their largest earnings miss in a decade as revenue fell and expenses and loan-loss provisions came in higher than expected.

China’s population fell last year for the first time since the 1960s. Mainland China’s population declined by 850,000 to 1.41 billion, China’s National Bureau of Statistics reported, factoring in 9.56 million births and 10.41 million deaths. The update comes days after China reported that 60,000 people, mostly senior citizens, died from the coronavirus since early December, as the country eased its “zero Covid” policy. And while China reported stronger-than-expected GDP growth for 2022, the latest population numbers indicate that concerns about demand in the country could linger for years. China is also on the verge of losing its title of the world’s most populous country, with India right on its heels.

The Dow is up 3.5% in 2023. The next FOMC meeting is Feb 1st.

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

The national average price of gasoline is up +2.2 cents at $3.327 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/5/23 before the market open with $1.16, beating estimates of $1.145 per share.

JPMorgan (JPM) reported earnings on 1/13/23 before the market open with $3.57, beating estimates of $3.109 per share.

UnitedHealth (UNH) reported earnings on 1/13/23 before the market open with $5.34, beating estimates of $5.17 per share.

Goldman Sachs (GS) reported earnings on 1/17/23 before the market open with $3.32, missing estimates of $5.48 per share.

Procter & Gamble (PG) reports earnings on 1/19/23 before the market open.

3M (MMM) reports earnings on 1/24/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/23 before the market open.

Microsoft (MSFT) reports earnings on 1/24/23 after the market close.

Travelers (TRV) reports earnings on 1/24/23 before the market open.

Verizon (VZ) reports earnings on 1/24/23 before the market open.

Boeing (BA) reports earnings on 1/25/23 before the market open.

IBM (IBM) reports earnings on 1/25/23 after the market close.

Intel (INTC) reports earnings on 1/25/23 after the market close.

McDonald’s (MCD) reports earnings on 1/26/23 before the market open.

Caterpillar (CAT) reports earnings on 1/26/23 before the market open.

Dow (DOW) reports earnings on 1/26/23 before the market open.

Apple (AAPL) reports earnings on 1/26/23 after the market close.

Visa (V) reports earnings on 1/26/23 after the market close.

American Express (AXP) reports earnings on 1/27/23 before the market open.

Chevron (CVX) reports earnings on 1/27/23 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 150.88 (+0.71%) is down -0.45% in 2023.

Financial Calendar

07:00 AM ET OPEC Monthly Report
08:30 AM ET NY Empire State Manufacturing Index (Jan), -8.70, -11.20
11:30 AM ET 3-Month Bill Auction, 4.560%
11:30 AM ET 6-Month Bill Auction, 4.710%
15:00 PM ET FOMC Member Williams Speaks
22:35 PM ET 52-Week Bill Auction, 4.515%