DJIA Market Happenings For Tuesday, April 25, 2023 – Merck (MRK) 115.94 Up +4.50% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 293.20 (+0.39%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -90 points.

Monday the Dow closed up +66.44 (+0.20%) at 33,875.40.

Year-to-date the Dow is up +2.20%.

Monday, (21) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Monday were led by Caterpillar (CAT) 223.43 (+1.43%), Chevron (CVX) 171.418 (+1.40%) and Nike (NKE) 127.09 (+1.24%).

The Dow stock losers Monday were led by Intel (INTC) 29.66 (-2.11%), Salesforce (CRM) 194.92 (-2.07%) and American Express (AXP) 160.59 (-1.95%).

The VIX closed Monday at 16.89 (+0.72%). The VIX is currently at 17.72 (+4.91%). The 10YR is at 3.427.

3M (MMM) reported $1.97 in earnings per share, higher than analysts expectations of $1.58 per share. The Minnesota-based company announced it would cut about 6,000 positions globally in efforts to focus on high-growth markets such as automotive electrification and home improvement, while prioritizing emerging growth areas such as climate technology and semiconductors.

McDonald’s (MCD) shares rose after the company beat Wall Street expectations for the first quarter. The company reported $2.63 in adjusted earnings per share on $5.9 billion in revenue. Analysts expected $2.33 in per-share earnings and $5.59 billion in revenue.

President Joe Biden is running for re-election, as expected. In an announcement Tuesday morning, Biden framed his 2024 campaign as a continued battle for the soul of America as he gears up for a potential rematch with Donald Trump. This is not a time to be complacent. That’s why I’m running for re-election,” Biden says in a video posted Tuesday. The president, however, has to contend with an electorate that’s tired of high inflation and potentially headed for a recession, which could make his reelection bid even more complicated.

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

The national average price of gasoline is down 1 cents at $3.656 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.

Chevron (CVX) reports earnings on 4/28/23 before the market open.

Apple (AAPL) reports earnings on 5/4/23 after the market close.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 115.94 (+0.49%) is up +4.50% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 1.1%
09:00 AM ET House Price Index (YoY) (Feb), 3.9%, 5.3%
09:00 AM ET House Price Index (MoM) (Feb), -0.1%, 0.2%
09:00 AM ET House Price Index (Feb), 392.8, 393.2
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Feb), -0.4%, -0.4%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Feb), -0.7%, -0.6%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Feb), 0.1%, 2.5%
09:30 AM ET Building Permits, 1.413M, 1.550M
09:30 AM ET Building Permits (MoM), -8.8%, 15.8%
10:00 AM ET CB Consumer Confidence (Apr), 104.0, 104.2
10:00 AM ET New Home Sales (MoM) (Mar), 1.1%, 1.1%
10:00 AM ET New Home Sales (Mar), 630K, 640K
10:00 AM ET Richmond Manufacturing Index (Apr), 4, -5
10:00 AM ET Richmond Manufacturing Shipments (Apr), 2
10:00 AM ET Richmond Services Index (Apr), 2, -17
10:30 AM ET Dallas Fed Services Revenues (Apr), 4.0, 5.5
10:30 AM ET Texas Services Sector Outlook (Apr), -16.0, -18.0
13:00 PM ET 2-Year Note Auction, 3.954%
16:30 PM ET API Weekly Crude Oil Stock, -2.675M

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