The Dow Market Happenings For Tuesday, February 6, 2024 – Boeing (BA) 206.63 Down -20.73% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 321.97 (-0.38%), Caterpillar (CAT) 321.40 (+2.00%) and Merck (MRK) 126.18 (-0.18%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +14 points.

Monday the Dow closed down -274.30 (-0.71%) at 38,380.12.

Year-to-date the Dow is up +1.83%.

Monday, (6) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Monday were led by Caterpillar (CAT) 321.40 (+2.00%), Apple (AAPL) 187.68 (+0.98%) and Salesforce (CRM) 288.11 (+0.86%).

The Dow stock losers Monday were led by McDonald’s (MCD) 285.97 (-3.73%), 3M (MMM) 92.73 (-2.26%) and Walgreens (WBA) 22.16 (-2.12%).

The VIX closed Monday at 13.67 (-1.30%) and the 10 YR at 4.122 (-0.87%). The VIX is currently at 13.51 (-1.17%). The 10YR is at 4.145 (-0.31%).

Not much to say this morning other than stocks and futures are little changed for the Dow.

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

The national average price of gasoline is down three-tenth of a cent at $3.145 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 with $2.93, beating estimates of $2.756 per share.

Boeing (BA) reports earnings on 1/31/24 before the open with -$0.47, beating estimates of $0.76 per share.

Honeywell (HON) reported earnings on 2/1/24 before the open with $2.60, beating estimates of $2.597 per share.

Merck (MRK) reported earnings on 2/1/24 before the open with $0.03, beating estimates of -$0.094 per share.

Apple (AAPL) reported earnings on 2/1/24 after the close with $2.18, beating estimates of $2.089 per share.

Chevron (CVX) reported earnings on 2/2/24 before the open with $3.45, beating estimates of $3.285 per share.

Caterpillar (CAT) reported earnings on 2/5/24 before the open with $5.33, beating estimates of $4.763 per share.

McDonald’s (MCD) reported earnings on 2/5/24 before the open with $2.95, beating estimates of $2.807 per share.

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.

Home Depot (HD) reports earnings on 2/20/24 before the open.

Walmart (WMT) reports earnings on 2/20/24 before the open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) 206.63 (-1.31%) is down -20.73% in 2024.

Financial Calendar

08:55 AM ET Redbook (YoY), 5.0%
10:00 AM ET IBD/TIPP Economic Optimism, 47.2, 44.7
10:00 AM ET Milk Auctions, 3,493.0
12:00 PM ET EIA Short-Term Energy Outlook
12:00 PM ET FOMC Member Mester Speaks
13:00 PM ET 3-Year Note Auction, 4.105%
13:00 PM ET FOMC Member Kashkari Speaks
16:30 PM ET API Weekly Crude Oil Stock, -2.500M

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