Dow stocks hitting 52-week highs include Caterpillar (CAT) 264.54 (+0.92%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -129 points.

Friday the Dow closed up +28.67 (+0.08%) at 33,978.08.

Year-to-date the Dow is up +2.51%.

Friday, (18) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Friday were led by American Express (AXP) 172.31 (+10.54%), Visa (V) 231.44 (+2.99%) and Walgreens (WBA) 37.17 (+1.84%).

The Dow stock losers Friday were led by Intel (INTC) 28.16 (-6.41%), Chevron (CVX) 179.45 (-4.44%) and Travelers (TRV) 188.76 (-1.74%).

The 10 YR yield closed Friday at 3.521 (+0.11%) and the VIX at 18.51 (-1.17%). The 10 YR is currently at 3.551 and VIX is at 19.71 (+6.48%).

The Federal Open Market Committee meets on Tuesday and Wednesday, where the Fed is expected to hike rates by one-quarter of a percentage point. Investors will be looking for clues about how much higher the central bank will take rates in the fight against inflation.

This week we get earnings from McDonald’s (MCD), Apple (AAPL), Caterpillar (CAT), Amgen (AMGN), Honeywell (HON) and Merck (MRK).

Intel (INTC) shed 1.5% in the premarket, after its fourth-quarter financial results missed Wall Street’s expectations on Friday. Intel, which lost 9% on Friday, also forecast a loss for the current quarter.

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

The national average price of gasoline is up one-tenth of a cent at $3.508 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) reported earnings on 1/19/23 before the market open with $1.59, beating estimates of $1.579 per share.

3M (MMM) reported earnings on 1/24/23 before the market open with $2.349, beating estimates of $2.28 per share.

Johnson & Johnson (JNJ) reported earnings on 1/24/23 before the market open with $2.22, missing estimates of $2.35 per share.

Travelers (TRV) reported earnings on 1/24/23 before the market open with $3.40, meeting estimates of $3.40 per share.

Microsoft (MSFT) reported earnings on 1/24/23 after the market close with $2.32, beating estimates of $2.27 per share.

Verizon (VZ) reported earnings on 1/24/23 after the market close with $1.19, missing estimates of $1.202 per share.

Boeing (BA) reported earnings on 1/25/23 before the market open with -$1.75, missing estimates of $0.05 per share.

IBM (IBM) reported earnings on 1/25/23 after the market close with $3.60, missing estimates of $43.60 per share.

Dow (DOW) reported earnings on 1/26/23 before the market open with $0.46, missing estimates of $0.569 per share.

Intel (INTC) reported earnings on 1/26/23 after the market close with $0.10, missing estimates of $0.201 per share.

Visa (V) reported earnings on 1/26/23 after the market close with $2.18, beating estimates of $2.007 per share.

American Express (AXP) reported earnings on 1/27/23 before the market open with $2.07, missing estimates of $2.183 per share.

Chevron (CVX) reported earnings on 1/27/23 before the market open with $4.09, missing estimates of $4.158 per share.

McDonald’s (MCD) reports earnings on 1/31/23 before the market open.

Caterpillar (CAT) reports earnings on 1/31/23 before the market open.

Amgen (AMGN) reports earnings on 1/31/23 after the market close.

Honeywell (HON) reports earnings on 2/2/23 before the market open.

Merck (MRK) reports earnings on 2/2/23 before the market open.

Apple (AAPL) reports earnings on 2/2/23 after the market close.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 253.65 (-0.48%) is down -3.39% in 2023.

Financial Calendar

10:30 AM ET Dallas Fed Mfg Business Index (Jan), -18.8
11:30 AM ET 3-Month Bill Auction, 4.575%
11:30 AM ET 6-Month Bill Auction, 4.685%