There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -156 points.

Monday the Dow closed down -34.99 (-0.10%) at 33,891.02.

Year-to-date the Dow is up +2.24%.

Monday, (12) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by Travelers (TRV) 185.99 (+1.77%), Caterpillar (CAT) 251.42 (+1.48%) and McDonald’s (MCD) 267.92 (+1.40%).

The Dow stock losers Monday were led by Intel (INTC) 28.69 (-5.38%), Walgreens (WBA) 36.28 (-2.18%) and Cisco (CSCO) 47.57 (-2.18%).

The 10 YR yield closed Monday at 3.630 (+3.10%) and the VIX at 19.43 (+6.00%). The 10 YR is currently at 3.646 (+0.80%) and VIX is at 19.84 (+2.11%).

A speech from Powell before the Economic Club of Washington scheduled for Tuesday afternoon remains top of mind for investors. Markets interpreted a slew of his disinflation comments during last week’s post-meeting press conference as dovish and stocks rallied. Many view the appearance as an opportunity for Powell to offer more clarity on where rates are headed, or clarify some comments made after last week’s 25 basis point rate hike.

Minneapolis Federal Reserve President Neel Kashkari said early Tuesday that he is not lowering his rate outlook and that the central bank has not made enough progress against inflation to “declare victory.”

President Joe Biden delivers the State of the Union address tonight.

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

The national average price of gasoline is down 1.3 cents at $3.457 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) reported earnings on 1/31/23 before the market open with $2.59, beating estimates of $2.455 per share.

Caterpillar (CAT) reported earnings on 1/31/23 before the market open with $3.86, missing estimates of $3.945 per share.

Amgen (AMGN) reported earnings on 1/31/23 after the market close with $4.09, beating estimates of $4.036 per share.

Honeywell (HON) reported earnings on 2/2/23 before the market open with $2.52, beating estimates of $2.487 per share.

Merck (MRK) reported earnings on 2/2/23 before the market open with $1.62, beating estimates of $1.56 per share.

Apple (AAPL) reported earnings on 2/2/23 after the market close with $1.88, missing estimates of $1.931 per share.

Disney (DIS) reports earnings on 2/8/23 after the market close.

Coca Cola (KO) reported earnings on 2/14/23 before the market open.

Cisco (CSCO) reports earnings on 2/15/23 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 169.64 (+0.11%) is down -5.49% in 2023.

Financial Calendar

08:30 AM ET Exports, 251.90B
08:30 AM ET Imports, 313.40B
08:30 AM ET Trade Balance (Dec), -68.50B, -61.50B
08:55 AM ET Redbook (YoY), 4.9%
10:00 AM ET IBD/TIPP Economic Optimism, 42.3
12:00 PM ET EIA Short-Term Energy Outlook
12:40 PM ET Fed Chair Powell Speaks
13:00 PM ET 3-Year Note Auction, 3.977%
14:00 PM ET Fed Vice Chair for Supervision Barr Speaks
15:00 PM ET Consumer Credit (Dec), 25.00B, 27.96B
16:30 PM ET API Weekly Crude Oil Stock, 6.330M