DJIA Market Happenings For Tuesday, January 16, 2024 – Coca Cola (KO) 60.39 Up +2.48% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 271.93 (+0.20%), JPMorgan (JPM) 169.05 (-0.73%) and Travelers (TRV) 195.56 (+0.35%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -151 points.

Friday the Dow closed down -118.04 (-0.31%) at 37,592.98.

Year-to-date the Dow is down -0.26%.

Friday, (15) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Friday were led by Salesforce (CRM) 271.38 (+2.74%), Nike (NKE) 105.90 (+2.05%) and Travelers (TRV) 194.87 (+0.92%).

The Dow stock losers Friday were led by Verizon (VZ) 37.90 (-3.02%), Walgreens (WBA) 24.03 (-2.63%) and Boeing (BA) 222.66 (-2.27%).

The VIX closed Friday at 12.70 (+2.09%) and the 10 YR at 3.939 (-0.036%). The VIX is currently at 13.70 (+3.40%). The 10YR is at 4.005 (+1.39%).

Goldman Sachs (GS) shares rose 1.3% after reporting $11.32 billion in revenue, topping estimates of $10.80 billion. Earnings per share came in at $5.48, but it was not immediately clear if that was comparable to the $3.51 per share estimate.

Markets are down this morning but look to be fighting for higher prices.

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

The national average price of gasoline is up four-tenths of a cent at $3.072 per gallon.

Earnings Reports

Salesforce (CRM) reported earnings 11/29/23 after the close with $2.11, beating estimates of $1.512 per share.

Nike (NKE) reported earnings on 12/21/23 after the close with $1.03, beating estimates of $0.839 per share.

Walgreens (WBA) reported earnings on 1/4/24 before the open with $0.66, beating estimates of $0.656 per share.

JPMorgan (JPM) reported earnings on 1/12/24 before the open with $3.04, missing estimates of $3.726 per share.

UnitedHealth (UNH) reported earnings on 1/12/24 before the open with $6.16, beating estimates of $5.978 per share.

Goldman Sachs (GS) reported earnings on 1/16/24 before the open with $5.48, beating estimates of $3.51 per share.

Travelers (TRV) reports earnings on 1/19/24 before the open.

3M (MMM) reports earnings on 1/23/24 before the open.

Johnson & Johnson (JNJ) reports earnings on 1/23/24 before the open.

Procter & Gamble (PG) reports earnings on 1/23/24 before the open.

Verizon (VZ) reports earnings on 1/23/24 before the open.

Microsoft (MSFT) reports earnings on 1/23/24 after the close.

Visa (V) reports earnings on 1/23/24 after the close.

Boeing (BA) reports earnings on 1/24/24 before the open.

IBM (IBM) reports earnings on 1/24/24 after the close.

Dow (DOW) reports earnings on 1/25/24 before the open.

Intel (INTC) reports earnings on 1/25/24 after the close.

Chevron (CVX) reports earnings on 1/26/24 before the open.

American Express (AXP) reports earnings on 1/26/24 before the open.

Amgen (AMGN) reports earnings on 1/30/24 before the open.

Caterpillar (CAT) reports earnings on 1/30/24 before the open.

McDonald’s (MCD) reports earnings on 1/30/24 before the open.

Honeywell (HON) reports earnings on 2/1/24 before the open.

Merck (MRK) reports earnings on 2/1/24 before the open.

Apple (AAPL) reports earnings on 2/1/24 after the close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 60.39 (+0.97%) is up +2.48% in 2024.

Financial Calendar

10:00 AM ET Richmond Manufacturing Index (Jan), -11
10:00 AM ET Richmond Manufacturing Shipments (Jan), -17
10:00 AM ET Richmond Services Index (Jan), 1

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