DJIA Market Happenings For Tuesday, August 29, 2023 – Honeywell (HON) 187.88 Down -12.33% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -53 points.

Monday the Dow closed up +213.08 (+0.62%) at 34,559.98.

Year-to-date the Dow is up +4.26%.

Monday, (25) Dow stocks were up, (2) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Monday were led by 3M (MMM) 104.12 (+5.22%), Goldman Sachs (GS) 325.97 (+1.82%) and Boeing (BA) 227.06 (+1.63%).

The Dow stock losers Monday were led by Johnson & Johnson (JNJ) 164.29 (-1.18%), Merck (MRK) 108.93 (-1.16%) and Travelers (TRV) 160.83 (-0.50%).

The VIX closed Monday at 15.08 (-3.83%) and the 10 YR at 4.193 (-0.38%). The VIX is currently at 15.21 (+0.86%). The 10YR is at 4.235 (+0.62%).

Verizon (VZ) rose about 1.6% each after Citi upgraded the telecommunication company to buy, citing a stabilizing competitive wireless environment.

Tomorrow we get earnings from Salesforce (CRM) after the market close.

Later this morning we get JOLTS data.

Breaking: US JOLTS Job Openings fall to 8.82 million in July vs. 9.45 million expected.

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

The national average price of gasoline is up four-tenths of a cent at $3.823 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2023 before the market open with $1.00, missing estimates of $1.069 per share.

Nike (NKE) reported earnings on 6/29/2023 after the market close with $0.66, missing estimates of $0.672 per share.

JPMorgan (JPM) reported earnings on 7/14/2023 before the market open with $4.75, beating estimates of $3.615 per share.

UnitedHealth (UNH) reports earnings on 7/14/2023 before the market open with $6.14, beating estimates of $5.921 per share.

Goldman Sachs (GS) reported earnings on 7/19/2023 before the market open with $3.08, missing estimates of $3.245 per share.

IBM (IBM) reported earnings on 7/19/2023 after the market close with $2.18, beating estimates of $2.002 per share.

Johnson & Johnson (JNJ) reported earnings on 7/20/2023 before the market open with $2.80, beating estimates of $2.614 per share.

Travelers (TRV) reported earnings on 7/20/2023 before the market open with $0.06, missing estimates of $2.273 per share.

American Express (AXP) reports earnings on 7/21/2023 before the market open with $2.88, beating estimates of $2.801 per share.

Dow (DOW) reported earnings on 7/25/2023 before the market open with $0.68, missing estimates of $0.699 per share.

3M (MMM) reported earnings on 7/25/2023 before the market open with $2.17, beating estimates of $1.648 per share.

Verizon (VZ) reported earnings on 7/25/2023 before the market open with $1.21, beating estimates of $1.17 per share.

Microsoft (MSFT) reported earnings on 7/25/2023 after the market close with $2.69, beating estimates of $2.544per share.

Visa (V) reported earnings on 7/25/2023 after the market close with $2.16, beating estimates of $2.109 per share.

Coca Cola (KO) reported earnings on 7/26/2023 before the market open with $0.78, beating estimates of $0.716 per share.

Boeing (BA) reported earnings on 7/26/2023 before the market open with $-0.82, beating estimates of $-0.986 per share.

Honeywell (HON) reported earnings on 7/27/2023 before the market open with $2.23, beating estimates of $2.201 per share.

McDonald’s (MCD) reported earnings on 7/27/2023 before the market open with $3.17, beating estimates of $2.772 per share.

Intel (INTC) reported earnings on 7/27/2023 after the market close with $0.13, beating estimates of $-0.189 per share.

Chevron (CVX) reports earnings on 7/28/2023 after the market close with $3.08, beating estimates of $2.95 per share.

Procter & Gamble (PG) reports earnings on 7/28/2023 after the market close with $1.37, beating estimates of $1.321 per share.

Caterpillar (CAT) reported earnings on 8/1/2023 before the market open with $5.55, beating estimates of $4.513 per share.

Merck (MRK) reported earnings on 8/1/2023 before the market open with $-2.06, beating estimates of $-2.165 per share.

Amgen (AMGN) reported earnings on 8/3/2023 after the market close with $5.00, beating estimates of $4.436 per share.

Apple (AAPL) reported earnings on 8/3/2023 after the market close with $1.26, beating estimates of $1.188 per share.

Disney (DIS) reported earnings on 8/9/2023 after the market close with $1.03, beating estimates of $0.985 per share.

Home Depot (HD) reported earnings on 8/15/2023 before the market open with $4.65, beating estimates of $4.457 per share.

Cisco (CSCO) reported earnings on 8/16/2023 after the market close with $1.14, beating estimates of $0.948 per share.

Walmart (WMT) reported earnings on 8/17/2023 before the market open with $1.84, beating estimates of $1.692 per share.

Salesforce (CRM) reports earnings on 8/30/2023 after the market close.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 187.88 (+0.85%) is down -12.33% in 2023.

Financial Calendar

08:55 AM ET Redbook (YoY), 2.9%
09:00 AM ET House Price Index (YoY) (Jun), 2.8%
09:00 AM ET House Price Index (MoM) (Jun), 0.2%, 0.7%
09:00 AM ET House Price Index (Jun), 404.1
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Jun), 1.2%, 1.0%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jun), -1.4%, -1.7%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jun), 0.6%, 1.5%
10:00 AM ET CB Consumer Confidence (Aug), 116.0, 117.0
10:00 AM ET JOLTs Job Openings (Jul), 9.793M, 9.582M
10:30 AM ET Dallas Fed Services Revenues (Aug), 6.8, 12.9
10:30 AM ET Texas Services Sector Outlook (Aug), -6.1, -4.2
16:30 PM ET API Weekly Crude Oil Stock, -2.418M

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