DJIA Market Happenings For Wednesday, January 24, 2024 – Procter & Gamble (PG) 153.98 Up +5.08% YTD

Dow stocks hitting 52-week highs include Merck (MRK) 119.84 (+0.34%) and Verizon (VZ) 42.23 (+6.70%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +140 points.

Tuesday the Dow closed down -96.36 (-0.25%) at 37,905.45.

Year-to-date the Dow is up +0.57%.

Tuesday, (19) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Tuesday were led by Verizon (VZ) 42.23 (+6.70%), Procter & Gamble (PG) 153.98 (+4.14%) and Intel (INTC) 48.89 (+1.39%).

The Dow stock losers Tuesday were led by 3M (MMM) 96.10 (-11.03%), Home Depot (HD) 350.78 (-1.66%) and Johnson & Johnson (JNJ) 159.81 (-1.64%).

The VIX closed Tuesday at 12.55 (-4.85%) and the 10 YR at 4.133 (-0.22%). The VIX is currently at 12.47 (-0.64%). The 10YR is at 4.090 (-1.26%).

There’s not much to say this morning other than Dow futures are up.

At Boeing (BA), the Federal Aviation Administration plans to keep “boots on the ground” until it can be sure the aircraft manufacturer’s quality control system is working. The agency earlier this month announced an audit of Boeing’s production lines in light of the Jan. 5 incident on an Alaska Airlines flight in which a panel blew out of a 737 Max 9 at 16,000 feet.

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

The national average price of gasoline is up 1.2 cents at $3.096 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 with $7.01, beating estimates of $5.038per share.

3M (MMM) reports earnings on 1/23/24 before the open with $2.42, beating estimates of $2.309 per share.

Johnson & Johnson (JNJ) reports earnings on 1/23/24 before the open with $2.29, beating estimates of $2.268 per share.

Procter & Gamble (PG) reports earnings on 1/23/24 before the open with $1.84, beating estimates of $1.703 per share.

Verizon (VZ) reports earnings on 1/23/24 before the open with $1.08, beating estimates of $1.073 per share.

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

Procter & Gamble (PG)

Procter & Gamble (PG) 153.98 (+4.14%) is up +5.08% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.75%
07:00 AM ET MBA Mortgage Applications (WoW), 10.4%
07:00 AM ET MBA Purchase Index, 162.2
07:00 AM ET Mortgage Market Index, 210.5
07:00 AM ET Mortgage Refinance Index, 471.2
08:55 AM ET Redbook (YoY), 5.0%
09:45 AM ET S&P Global US Manufacturing PMI (Jan), 47.9, 47.9
09:45 AM ET S&P Global Composite PMI (Jan), 50.9
09:45 AM ET S&P Global Services PMI (Jan), 51.0, 51.4
10:30 AM ET Crude Oil Inventories, -3.000M, -2.492M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.135M
10:30 AM ET Crude Oil Imports, -0.528M
10:30 AM ET Cushing Crude Oil Inventories, -2.099M
10:30 AM ET Distillate Fuel Production, -0.265M
10:30 AM ET EIA Weekly Distillates Stocks, -1.200M, 2.370M
10:30 AM ET Gasoline Production, -0.291M
10:30 AM ET Heating Oil Stockpiles, 0.542M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -0.3%
10:30 AM ET Gasoline Inventories, 2.200M, 3.083M

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