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 up +8 points.

Monday the Dow closed up +376.66 (+1.11%) at 34,245.93. .

Year-to-date the Dow is up +3.31%.

Monday, (28) 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 Microsoft (MSFT) 271.32 (+3.12%), Intel (INTC) 28.55 (+2.70%), Salesforce (CRM) 171.08 (+2.42%) and Nike (NKE) 125.15 (+2.39%).

The Dow stock losers Monday were Chevron (CVX) -0.56%) and Disney (DIS) -0.37%).

The 10 YR yield closed Monday at 3.711 (-0.16%) and the VIX at 20.34 (-0.93%). The 10 YR is currently at 3.685 (-0.86%) and VIX is at 19.30 (-5.11%).

The latest inflation read came in a little hotter than expected this morning. January’s consumer price index rose 0.5% month over month and 6.4% compared to a year ago. Economists had projected that CPI would grow 0.4% in January, which translates to 6.2% year-over-year growth. So-called core CPI, which excludes energy and food, rose 0.4% and 6.2%, respectively, also exceeding expectations. The hotter read could spook investors into thinking the Fed will keep up its aggressive campaign against price increases.

Fed Vice Chair Lael Brainard is set to become President Joe Biden’s top economic advisor with Brian Deese on his way out. Multiple outlets reported that Brainard will take over as the head of the White House’s National Economic Council. Likewise, longtime Biden confidant Jared Bernstein is expected to soon replace Cecilia Rouse as chair of the Council of Economic Advisors. The move could position Brainard to be the next in line for Treasury secretary if Biden wins another term and Janet Yellen departs. Brainard, a Democrat with dovish economic views, is a veteran of Treasury Department during the Obama administration.

Higher drink prices helped Coca-Cola (KO) beat revenue expectations for the fourth quarter. Before the bell, the beverage giant reported revenue of $10.13 billion, topping the $10.02 billion expected by analysts. See earnings section below.

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

The national average price of gasoline is down two-tenths of a cent at $3.414 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 with $0.47, beating estimates of $0.447 per share.

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

Honeywell (HON)

Honeywell (HON) 203.37 (+1.45%) is down -5.10% in 2023.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Jan), 90.9, 89.8
07:00 AM ET OPEC Monthly Report
08:30 AM ET Core CPI (MoM) (Jan), 0.4%, 0.4%
08:30 AM ET Core CPI (YoY) (Jan), 5.5%, 5.7%
08:30 AM ET Core CPI Index (Jan), 301.46
08:30 AM ET CPI (MoM) (Jan), 0.5%, 0.1%
08:30 AM ET CPI (YoY) (Jan), 6.2%, 6.4%
08:30 AM ET CPI Index, n.s.a. (Jan), 298.66, 296.80
08:30 AM ET CPI Index, s.a (Jan), 298.99
08:30 AM ET CPI, n.s.a (MoM) (Jan), -0.31%
08:30 AM ET Real Earnings (MoM) (Jan), 0.1%
08:55 AM ET Redbook (YoY), 4.3%
11:00 AM ET Cleveland CPI (MoM) (Jan), 0.6%
11:00 AM ET Fed Logan Speaks
11:00 AM ET Fed Logan Speaks
11:30 AM ET FOMC Member Harker Speaks
14:05 PM ET FOMC Member Williams Speaks
16:30 PM ET API Weekly Crude Oil Stock, -2.184M