The Dow Market Happenings For Tuesday, October 17, 2023 – JPMorgan (JPM) 147.85 Up +10.25% 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 -141 points.

Monday the Dow closed up +314.25 (+0.93%) at 33,984.54.

Year-to-date the Dow is up +2.53%.

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

The Dow stock winners Monday were led by Nike (NKE) 102.04 (+2.13%), Travelers (TRV) 167.65 (+2.09%) and Salesforce (CRM) 208.53 (+1.93%).

The Dow stock losers Monday were led by Walgreens (WBA) 22.78 (-2.02%), UnitedHealth (UNH) 538.03 (-0.25%) and JPMorgan (JPM) 147.85 (-0.10%).

The VIX closed Monday at 17.21 (-10.92%) and the 10 YR at 4.718 (+0.19%). The VIX is currently at 18.52 (+7.61%). The 10YR is at 4.852 (+3.04%).

Retail sales rose 0.7%. Economists had expected a 0.3% increase. Excluding autos, sales increased by 0.6%. That was also above expectations.

Goldman earned $5.47 per share on $11.82 billion in revenue for the third quarter. Analysts had forecasted $5.31 in earnings per share, though that figure may not be comparable. For revenue, the analyst consensus estimate was $11.19 billion.

Johnson & Johnson (JNJ) climbed 1.4% in premarket trading after the company beat quarterly earnings and revenue estimates. J&J also raised its full-year guidance as sales in the company’s pharmaceutical and medical devices businesses surged. The earnings marks J&J’s first quarterly results since the pharmaceutical giant separated from its consumer health spinoff Kenvue in August. J&J had lowered its full-year sales and profit guidance upon that split.

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

The national average price of gasoline is down 1.6 cents at $3.584 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/28/23 after the market close with $0.94, beating estimates of $0.739 per share.

Walgreens (WBA) reported earnings on 10/12/23 before the market open with $0.67, beating estimates of $0.682.

JPMorgan (JPM) reported earnings on 10/13/23 before the market open with $4.33, beating estimates of $3.96 per share.

UnitedHealth (UNH) reported earnings on 10/13/23 before the market open with $6.56, beating estimates of $6.327 per share.

Goldman Sachs (GS) reported earnings on 10/17/23 before the market open with $5.47, beating estimates of $5.31 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/23 before the market open with $2.66, beating estimates of $2.524 per share.

Travelers (TRV) reports earnings on 10/18/23 before the market open.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open.

American Express (AXP) reports earnings on 10/20/23 before the market open.

3M (MMM) reports earnings on 10/24/23 before the market open.

Coca Cola (KO) reports earnings on 10/24/23 before the market open.

Dow (DOW) reports earnings on 10/24/23 before the market open.

Verizon (VZ) reports earnings on 10/24/23 before the market open.

Microsoft (MSFT) reports earnings on 10/24/23 after the market close.

Visa (v) reports earnings on 10/24/23 after the market close.

Boeing (BA) reports earnings on 10/25/23 before the market open.

IBM (IBM) reports earnings on 10/25/23 after the market close.

Caterpillar (CAT) reports earnings on 10/26/23 before the market open.

Honeywell (HON) reports earnings on 10/26/23 before the market open.

Merck (MRK) reports earnings on 10/26/23 before the market open.

Intel (INTC) reports earnings on 10/26/23 after the market close.

Chevron (CVX) reports earnings on 10/27/23 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 147.85 (-0.10%) is up +10.25% in 2023.

Financial Calendar

08:00 AM ET FOMC Member Williams Speaks
08:00 AM ET Milk Auctions, 3,104.0
08:30 AM ET Core Retail Sales (MoM) (Sep), 0.2%, 0.6%
08:30 AM ET Retail Control (MoM) (Sep), 0.1%
08:30 AM ET Retail Sales (YoY) (Sep), 2.47%
08:30 AM ET Retail Sales (MoM) (Sep), 0.3%, 0.6%
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Sep), 0.2%
08:55 AM ET Redbook (YoY), 4.0%
09:15 AM ET Capacity Utilization Rate (Sep), 79.6%, 79.7%
09:15 AM ET Industrial Production (YoY) (Sep), 0.25%
09:15 AM ET Industrial Production (MoM) (Sep), 0.1%, 0.4%
09:15 AM ET Manufacturing Production (MoM) (Sep), 0.2%, 0.1%
09:20 AM ET FOMC Member Bowman Speaks
10:00 AM ET Business Inventories (MoM) (Aug), 0.3%, 0.0%
10:00 AM ET NAHB Housing Market Index (Oct), 44, 45
10:00 AM ET Retail Inventories Ex Auto (Aug), 0.6%, 0.0%
10:45 AM ET FOMC Member Barkin Speaks
14:00 PM ET Federal Budget Balance (Sep), -78.6B, 89.3B
16:30 PM ET API Weekly Crude Oil Stock, 12.940M

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