The Dow Market Happenings For Monday, February 13, 2023 – Home Depot (HD) 316.54 Up +0.22% YTD

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 -8 points.

Friday the Dow closed up +169.39 (+0.50%) at 33,869.27. .

Year-to-date the Dow is up +2.18%.

Friday, (24) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Chevron (CVX) 171.97 (+2.10%), Walgreens (WBA) 36.55 (+2.07%) and UnitedHealth (UNH) 494.25 (+1.75%).

The Dow stock losers Friday were led by Salesforce (CRM) 167.03 (-3.82%), Disney (DIS) 108.06 (-2.08%) and Visa (V) 227.20 (-0.94%).

The 10 YR yield closed Friday at 3.743 (+1.49%) and the VIX at 20.53 (-0.87%). The 10 YR is currently at 3.728 (-0.45%) and VIX is at 21.42 (+4.34%).

All three major indexes ended last week on a downturn. The Dow slipped 0.17%, the S&P 500 fell 1.11%, and the tech-heavy Nasdaq slid 2.41%, marking their biggest weekly losses since December. The moves came after Federal Reserve Chairman Jerome Powell said that there is still a long way to go in the fight against inflation. Powell also noted that interest rates could rise more than markets anticipate if inflation numbers do not abate, reversing some of the prior market optimism that rate hikes would soon ease.

Tomorrow we get January’s consumer price index report, showing if price increases have continued to slow amid the central bank’s rate hikes. Economists forecast a 0.4% increase in headline CPI on a monthly basis, as well as a 6.2% gain from the prior year.

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

The national average price of gasoline is down three-tenths of a cent at $3.416 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 with $0.99, beating estimates of $0.693 per share.

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.

Home Depot (HD) reports earnings on 2/21/23 before the market open.

Walmart (WMT) reports earnings on 2/21/23 before the market open.

Salesforce (CRM) reports earnings on 3/1/23 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 316.54 (+0.31%) is up +0.22% in 2023.

Financial Calendar

11:00 AM ET Consumer Inflation Expectations, 5.0%
11:30 AM ET 3-Month Bill Auction, 4.590%
11:30 AM ET 6-Month Bill Auction, 4.755%

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