DJIA Market Happenings For Tuesday, January 30, 2024 – Verizon (VZ) 42.05 Up +11.54% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 313.45 (+0.54%), Caterpillar (CAT) 303.25 (+1.28%), Salesforce (CRM) 287.86 (+1.28%), Merck (MRK) 121.28 (+0.38%), Microsoft (MSFT) 409.72 (+1.43%) and Visa (V) 273.66 (+2.13%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -82 points.

Monday the Dow closed up +224.02 (+0.59%) at 38,333.45.

Year-to-date the Dow is up +1.71%.

Monday, (21) Dow stocks were up, none made 52-week lows and (6) made 52-week highs.

The Dow stock winners Monday were led by Salesforce (CRM) 287.86 (+2.83%), Disney (DIS) 97.49 (+2.23%) and Visa (V) 273.66 (+2.13%).

The Dow stock losers Monday were led by Verizon (VZ) 42.05 (-0.83%), Walgreens (WBA) 22.72 (-0.57%) and Apple (AAPL) 191.73 (-0.36%).

The VIX closed Monday at 13.60 (+2.56%) and the 10 YR at 4.050 (-1.03%). The VIX is currently at 13.73 (+0.96%). The 10YR is at 4.056 (-0.88%).

The Dow Jones Industrial Average hit new highs yet again on Monday, a sixth record close of the year.

The Federal Open Market Committee’s two-day policy meeting begins today. The fed funds futures market has priced in an approximately 97% probability that the central bank will leave rates unchanged during its Wednesday announcement.

We also get JOLTS data later today (10 am ET).

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

The national average price of gasoline is up 1.8 cent at $3.125 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) reported earnings on 1/19/24 before the open with $7.01, beating estimates of $5.038per share.

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

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

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

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

IBM (IBM) reported earnings on 1/24/24 after the close with $3.87, beating estimates of $3.776 per share.

Dow (DOW) reported earnings on 1/25/24 before the open with $0.43, beating estimates of $0.397 per share.

Intel (INTC) reports earnings on 1/25/24 after the close with $0.54, beating estimates of $0.267 per share.

Visa (V) reports earnings on 1/25/24 after the close with $2.41, beating estimates of $2.334 per share.

American Express (AXP) reports earnings on 1/26/24 before the open with $2.62, beating estimates of $2.648 per share.

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.

Caterpillar (CAT) reports earnings on 2/5/24 before the open.

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

Verizon (VZ)

Verizon (VZ) 42.05 (-0.83%) is up +11.54% in 2024.

Financial Calendar

08:00 AM ET IMF Meetings 08:30 AM ET Dallas Fed PCE (Dec), 1.50%
08:55 AM ET Redbook (YoY), 5.2%
09:00 AM ET House Price Index (MoM) (Nov), 0.2%, 0.3%
09:00 AM ET House Price Index (YoY) (Nov), 6.3%
09:00 AM ET House Price Index (Nov), 416.3
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Nov), 0.6%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Nov), 0.1%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Nov), 5.8%, 4.9%
10:00 AM ET CB Consumer Confidence (Jan), 115.0, 110.7
10:00 AM ET JOLTs Job Openings (Dec), 8.750M, 8.790M
10:30 AM ET Dallas Fed Services Revenues (Jan), 4.3
10:30 AM ET Texas Services Sector Outlook (Jan), -8.7
16:30 PM ET API Weekly Crude Oil Stock, -6.674M

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