The Dow Market Happenings For Thursday, April 27, 2023 – Microsoft (MSFT) 295.37 Up +23.16% YTD

Dow stocks hitting 52-week highs include Microsoft (MSFT) 295.37 (+7.24%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +161 points.

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

Year-to-date the Dow is up +0.47%.

Wednesday, (5) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Wednesday were led by Microsoft (MSFT) 295.37 (+7.24%), Intel (INTC) 29.05 (+0.59%) and Salesforce (CRM) 191.52 (+0.45%).

The Dow stock losers Wednesday were led by Home Depot (HD) 288.07 (-2.79%), Merck (MRK) 113.43 (-2.66%) and Honeywell (HON) 190.90 (-2.58%).

The VIX closed Wednesday at 18.84 (+0.43%). The VIX is currently at 17.94 (-4.83%). The 10YR is at 3.479.

Gross domestic product, a measure of all goods and services produced for the period, rose at a 1.1% annualized pace in the first quarter, the Commerce Department reported Thursday. Economists had been expecting growth of 2%. The growth rate followed a fourth quarter in which GDP rose 2.6%, part of a year that saw a 2.1% increase. The report also showed that the personal consumption expenditures price index, an inflation measure that the Federal Reserve follows closely, increased 4.2%, ahead of the 3.7% estimate.

Merck (MRK) shares advanced 1.5% in the premarket after the health name beat analyst expectations in the first quarter. The company reported $1.40 in adjusted earnings per share, eight cents more than anticipated by analysts polled by Refinitiv. Revenue also beat expectations, coming in ay $14.49 billion against the consensus estimate of $13.78 billion.

Caterpillar (CAT) reported much better than expected first-quarter results Thursday morning. The Dow Jones Industrial Average member earned an adjusted $4.91 a share last quarter on revenue of $15.862 billion. Analysts had expected earnings per share of $3.78 on revenue of $15.255 billion, according to the consensus figures from Refinitiv. Revenue increased 17% from the same quarter a year ago.

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

The national average price of gasoline is down one cent at $3.636 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) reported earnings on 4/25/23 before the market open with $1.97, beating estimates of $1.602per share.

Dow (DOW) reports earnings on 4/25/23 before the market open with $0.58, beating estimates of $0.369 per share.

Verizon (VZ) reports earnings on 4/25/23 before the market open with $1.20, beating estimates of $1.192 per share.

Microsoft (MSFT) reported earnings on 4/25/23 after the market close with $2.45, beating estimates of $2.216 per share.

Visa (V) reported earnings on 4/25/23 after the market close with $2.09, beating estimates of $1.969per share.

McDonald’s (MCD) reported earnings on 4/25/23 before the market open with $2.45, beating estimates of $2.307 per share.

Boeing (BA) reported earnings on 4/26/23 before the market open with -$1.27, beating estimates of $0.981 per share.

Caterpillar (CAT) reported earnings on 4/27/23 before the market open with $4.91, beating estimates of $3.786 per share.

Merck (MRK) reported earnings on 4/27/23 before the market open with $1.40, beating estimates of $1.341 per share.

Honeywell (HON) reported earnings on 4/27/23 before the market open with $2.07, beating estimates of $1.927 per share.

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.

Disney (DIS) reports earnings on 5/10/23 after the market close.

Cisco (CSCO) reports earnings on 5/17/23 after the market close.

Walmart (WMT) reports earnings on 5/18/23 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 295.37 (+7.24%) is up +23.16% in 2023.

Financial Calendar

08:30 AM ET Continuing Jobless Claims, 1,878K, 1,865K
08:30 AM ET Core PCE Prices (Q1), 4.70%, 4.40%
08:30 AM ET GDP (QoQ) (Q1), 2.0%, 2.6%
08:30 AM ET GDP Price Index (QoQ) (Q1), 3.7%, 3.9%
08:30 AM ET GDP Sales (Q1), 2.3%, 1.1%
08:30 AM ET Initial Jobless Claims, 248K, 245K
08:30 AM ET Jobless Claims 4-Week Avg., 239.75K
08:30 AM ET PCE Prices (Q1), 0.5%, 3.7%
08:30 AM ET Real Consumer Spending (Q1), 1.0%
10:00 AM ET Pending Home Sales (MoM) (Mar), 0.5%, 0.8%
10:00 AM ET Pending Home Sales Index (Mar), 83.2
10:30 AM ET Natural Gas Storage, 75B, 75B
11:00 AM ET KC Fed Composite Index (Apr), 0, 0
11:00 AM ET KC Fed Manufacturing Index (Apr), 3, 3
11:30 AM ET 4-Week Bill Auction, 3.190%
11:30 AM ET 8-Week Bill Auction, 4.850%
13:00 PM ET 7-Year Note Auction, 3.626%

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