The Dow Market Happenings For Monday, April 24, 2023 – 3M (MMM) 104.48 Down -12.88% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 292.06 (+0.36%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -22 points.

Friday the Dow closed up +22.34 (+0.07%) at 33,808.96.

Year-to-date the Dow is up +2.00%.

Friday, (15) 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 Procter & Gamble (PG) 156.07 (+3.46%), Disney (DIS) 99.57 (+1.53%) and Merck (MRK) 115.37 (+1.05%).

The Dow stock losers Friday were led by Intel (INTC) 30.30 (-1.81%), Dow (DOW) 54.87 (-1.49%) and Boeing (BA) 205.15 (-1.00%).

The VIX closed Friday at 16.77 (-2.33%). The VIX is currently at 17.37 (+3.58%). The 10YR is at 3.527.

Coca-Cola (KO) shares rose in early morning trading after the company posted better-than-expected earnings for the first quarter. Revenue came in about in line with expectations, at $10.96 billion adjusted compared to consensus estimates of $10.8 billion.

This week we get first quarter GDP numbers plus earnings reports from 3M (MMM), Dow (DOW), Verizon (VZ), McDonald’s (MCD), Microsoft (MSFT), Boeing (BA), Merck (MRK), Intel (INTC) and more. See earnings section below.

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

The national average price of gasoline is down two-tenths of a cent at $3.667 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 4/14/23 before the market open with $4.10, beating estimates of $3.414 per share.

UnitedHealth (UNH) reported earnings on 4/14/23 before the market open with $6.26, beating estimates of $6.238 per share.

Goldman Sachs (GS) reported earnings on 4/18/23 before the market open with $8.79, beating estimates of $8.10 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/23 before the market open with $2.68, beating estimates of $2.506 per share.

Travelers (TRV) reported earnings on 4/19/23 before the market open with $4.11, beating estimates of $3.636 per share.

IBM (IBM) reported earnings on 4/19/23 after the market close with $1.36, beating estimates of $1.273 per share.

American Express (AXP) reported earnings on 4/20/23 before the market open with $2.40, missing estimates of $2.603 per share.

Procter & Gamble (PG) reported earnings on 4/21/23 before the market open with $1.37, beating estimates of $1.317per share.

Coca Cola (KO) reported earnings on 4/24/23 before the market open with $0.68, beating estimates of $0.647 per share.

3M (MMM) reports earnings on 4/25/23 before the market open.

Dow (DOW) reports earnings on 4/25/23 before the market open.

Verizon (VZ) reports earnings on 4/25/23 before the market open.

Microsoft (MSFT) reports earnings on 4/25/23 after the market close.

Visa (V) reports earnings on 4/25/23 after the market close.

McDonald’s (MCD) reports earnings on 4/25/23 before the market open.

Boeing (BA) reports earnings on 4/26/23 before the market open.

Caterpillar (CAT) reports earnings on 4/27/23 before the market open.

Merck (MRK) reports earnings on 4/27/23 before the market open.

Honeywell (HON) reports earnings on 4/27/23 before the market open.

Amgen (AMGN) reports earnings on 4/27/23 after the market close.

Intel (INTC) reports earnings on 4/27/23 after the market close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 104.48 (-0.25%) is down -12.88% in 2023.

Financial Calendar

09:45 AM ET Manufacturing PMI (Apr), 50.4
10:00 AM ET Construction Spending (MoM) (Mar), 0.2%, -0.1%
10:00 AM ET ISM Manufacturing Employment (Apr), 46.9
10:00 AM ET ISM Manufacturing New Orders Index (Apr), 44.3
10:00 AM ET ISM Manufacturing PMI (Apr), 47.5, 46.3
10:00 AM ET ISM Manufacturing Prices (Apr), 51.0, 49.2

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