The Dow Market Happenings For Monday, May 1, 2023 – Procter & Gamble (PG) 156.38 Up +3.18% YTD

Dow stocks hitting 52-week highs include McDonald’s (MCD) 295.75 (+0.35%) and Microsoft (MSFT) 307.26 (+0.80%). 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 +66.44 (+0.20%) at 33,875.40.

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

Friday, (26) Dow stocks were up, none were at 52-week lows and (2) were at 52-week highs.

The Dow stock winners Friday 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 Friday 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 Friday at 15.78 (-7.34%) and the 10 YR at 3.414 (-3.01%). The VIX is currently at 16.39 (+3.87%). The 10YR is at 3.465.

rs First Republic on Monday became the third prominent U.S. bank to fail within the past two months. Regulators seized the ailing regional lender after an absolutely crushing week that started with a revelation that it suffered more withdrawals than expected during the first quarter. By the end of Friday, First Republic’s stock was down 97% for the year and major banks were circling to pick up the pieces in case the company went into receivership. JPMorgan Chase emerged as the buyer after several banks reportedly made bids. First Republic clients at 84 branches throughout the U.S. will now be JPMorgan customers, and they’ll have “full access to all of their deposits,” according to the FDIC.

JPMorgan (JPM) shares were up in pre-market trading on news the bank was taking over First Republic.

Apple (AAPL)and Microsoft (MSFT) make up 39% of the S&P 500?s +8.6% gain so far in 2023.

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

The national average price of gasoline is down one-tenth of a cent at $3.610 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) reported earnings on 4/27/23 after the market close with $3.98, beating estimates of $3.838 per share.

Intel (INTC) reported earnings on 4/27/23 after the market close with -$0.04, beating estimates of -$0.157 per share.

Chevron (CVX) reported earnings on 4/28/23 before the market open with $3.55, beating estimates of $3.362 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 156.38 (-0.06%) is up +3.18% in 2023.

Financial Calendar

09:45 AM ET Manufacturing PMI (Apr), 50.4
10:00 AM ET Construction Spending (MoM) (Mar), 0.1%, -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), 46.7, 46.3
10:00 AM ET ISM Manufacturing Prices (Apr), 49.0, 49.2
11:30 AM ET 3-Month Bill Auction, 5.065%
11:30 AM ET 6-Month Bill Auction, 4.840%

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