The Dow Market Happenings For Wednesday, February 15, 2023 – IBM (IBM) 136.01 Down -3.46% YTD

Dow stocks hitting 52-week highs include Boeing (BA) 218.45 (+1.30%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -151 points.

Tuesday the Dow closed down -156.66 (-0.46%) at 34,089.27. .

Year-to-date the Dow is up +2.84%.

Tuesday, (20) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Tuesday were led by Boeing (BA) 218.45 (+1.30%), Nike (NKE) 126.20 (+0.84%) and Chevron (CVX) 172.32 (+0.77%).

The Dow stock losers Tuesday were led by Travelers (TRV) 184.13 (-1.85%), Coca Cola (KO) 59.59 (-1.67%) and Home Depot (HD) 318.43 (-1.58%).

The 10 YR yield closed Tuesday at 3.741 (-0.51%) and the VIX at 28.91 (-7.03%). The 10 YR is currently at 3.780 (+0.53%) and VIX is at 18.93 (+0.11%).

The Dow slipped Tuesday after the government’s consumer price index for January showed hotter-than-expected inflation.

U.S. retail sales far exceeded expectations in January despite persistent inflation pressures. Advance retail sales for the month increased 3%, compared to expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3%, according to the report, which is not adjusted for inflation. The ex-autos estimate was for a gain of 0.9%.

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

The national average price of gasoline is up four-tenths of a cent at $3.418 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

IBM (IBM)

IBM (IBM) 136.01 (-0.98%) is down -3.46% in 2023.

Financial Calendar

04:00 AM ET IEA Monthly Report
07:00 AM ET MBA 30-Year Mortgage Rate, 6.18%
07:00 AM ET MBA Mortgage Applications (WoW), 7.4%
07:00 AM ET MBA Purchase Index, 190.0
07:00 AM ET Mortgage Market Index, 249.5
07:00 AM ET Mortgage Refinance Index, 549.3
08:30 AM ET Core Retail Sales (MoM) (Jan), 0.8%, -1.1%
08:30 AM ET NY Empire State Manufacturing Index (Feb), -18.00 , 32.90
08:30 AM ET Retail Control (MoM) (Jan), 0.8%, -0.7%
08:30 AM ET Retail Sales (YoY) (Jan), 6.02%
08:30 AM ET Retail Sales (MoM) (Jan), 1.8%, -1.1%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Jan), -0.7%
09:15 AM ET Capacity Utilization Rate (Jan), 79.0%, 78.8%
09:15 AM ET Industrial Production (YoY) (Jan), 1.65%
09:15 AM ET Industrial Production (MoM) (Jan), 0.5%, -0.7%
09:15 AM ET Manufacturing Production (MoM) (Jan), 0.8%, -1.3%
10:00 AM ET Business Inventories (MoM) (Dec), 0.3%, 0.4%
10:00 AM ET NAHB Housing Market Index (Feb), 37, 35
10:00 AM ET Retail Inventories Ex Auto (Dec), 0.3%
10:30 AM ET Crude Oil Inventories, 1.166M, 2.423M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.449M
10:30 AM ET Crude Oil Imports, 0.367M
10:30 AM ET Cushing Crude Oil Inventories, 1.043M
10:30 AM ET Distillate Fuel Production, -0.028M
10:30 AM ET EIA Weekly Distillates Stocks, 0.447M, 2.932M
10:30 AM ET Gasoline Production, -0.350M
10:30 AM ET Heating Oil Stockpiles, -0.115M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 0.3%, 2.2%
10:30 AM ET Gasoline Inventories, 1.543M, 5.008M
13:00 PM ET 20-Year Bond Auction, 3.678%
16:00 PM ET US Foreign Buying, T-bonds (Dec), 54.20B
16:00 PM ET Overall Net Capital Flow (Dec), 213.10B
16:00 PM ET TIC Net Long-Term Transactions (Dec), 171.5B
16:00 PM ET TIC Net Long-Term Transactions including Swaps (Dec), 165.20B

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