DJIA Market Happenings For Monday, January 22, 2024 – Microsoft (MSFT) 398.67 Up +6.02% YTD

Dow stocks hitting 52-week highs include Salesforce (CRM) 280.88 (+2.34%), Home Depot (HD) 362.41 (+1.26%), IBM (IBM) 171.48 (+2.78%), McDonald’s (MCD)300.53 (+2.10%), Microsoft (MSFT) 398.67 (+1.22%), Travelers (TRV) 211.67 (+6.72%) and Visa (V) 270.90 (+1.03%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +112 points.

Friday the Dow closed up +395.19 (+1.05%) at 37,863.80.

Year-to-date the Dow is up +0.05%.

Friday, (25) Dow stocks were up, none made 52-week lows and (7) made 52-week highs.

The Dow stock winners Friday were led by Travelers (TRV) 211.67 (+6.72%), Intel (INTC) 48.15 (+3.02%) and IBM (IBM) 171.48 (+2.78%).

The Dow stock losers Friday were led by UnitedHealth (UNH) 503.56 (-2.48%), Walgreens (WBA) 22.00 (-0.68%) and Coca Cola (KO) 59.83 (-0.55%).

The VIX closed Friday at 13.30 (-5.87%) and the 10 YR at 4.113 (-0.77%). The VIX is currently at 13.55 (+1.88%). The 10YR is at 4.087 (-1.40%).

This week, the data points on the economy include the preliminary read on fourth-quarter GDP Thursday, and the personal consumption expenditures price index (PCI) on Friday.

Earnings reports this week include JNJ, PG, VZ, IBM, DOW, INTC, V and AXP. See earnings section below.

Boeing (BA) slid 1.8% after the U.S. Federal Aviation Administration recommended operators visually inspect the mid-exit door plugs of Boeing 737-900ER aircraft, which are similar to the ones grounded after the Alaska Airlines flight emergency.

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

The national average price of gasoline is down one-tenth of a cent at $3.077 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.

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.

Visa (V) reports earnings on 1/25/24 after the close.

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

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

Microsoft (MSFT) reports earnings on 1/30/24 after the close.

Boeing (BA) reports earnings on 1/31/24 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.

Chevron (CVX) reports earnings on 2/2/24 before the open.

McDonald’s (MCD) reports earnings on 2/5/24 before the open.

Amgen (AMGN) reports earnings on 2/6/24 after the close.

Disney (DIS) reports earnings on 2/7/24 after the close.

Coca Cola (KO) reports earnings on 2/13/24 before the open.

Cisco (CSCO) reports earnings on 2/14/24 after the close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 398.67 (+1.22%) is up +6.02% in 2024.

Financial Calendar

10:00 AM ET US Leading Index (MoM) (Dec), -0.3%, -0.5%
11:30 AM ET 3-Month Bill Auction, 5.225%
11:30 AM ET 6-Month Bill Auction, 4.975%

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