DJIA Market Happenings For Wednesday, February 7, 2024 – Caterpillar (CAT) 322.72 Up +9.15% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 205.65 (-0.14%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +72 points.

Tuesday the Dow closed up +141.24 (+0.37%) at 38,521.36.

Year-to-date the Dow is up +2.21%.

Tuesday, (20) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Tuesday were led by Walgreens (WBA) 23.11 (+4.29%), Nike (NKE) 102.61 (+2.94%) and Disney (DIS) 99.29 (+2.73%).

The Dow stock losers Tuesday were led by Amgen (AMGN) 316.07 (-1.83%), Salesforce (CRM) 285.83 (-0.79%) and Verizon (VZ) 41.10 (-0.68%).

The VIX closed Tuesday at 13.06 (-4.46%) and the 10 YR at 4.100 (-1.39%). The VIX is currently at 13.51 (-1.17%). The 10YR is at 4.145 (-0.31%).

Fed speakers on tap Wednesday include remarks from governors Michelle Bowman and Adriana Kugler.

Disney (DIS) reports earnings after the close today.

Dow futures are up this morning.

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

The national average price of gasoline is up three-tenth of a cent at $3.148 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 $5.23, 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) reported earnings on 2/6/24 after the close with $4.71, beating estimates of $4.656 per share.

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

Caterpillar (CAT)

Caterpillar (CAT) 322.72 (+0.41%) is up +9.15% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.78%
07:00 AM ET MBA Mortgage Applications (WoW), -7.2%
07:00 AM ET MBA Purchase Index, 154.5
07:00 AM ET Mortgage Market Index, 202.5
07:00 AM ET Mortgage Refinance Index, 445.6
08:30 AM ET Exports, 253.70B
08:30 AM ET Imports, 316.90B
08:30 AM ET Trade Balance (Dec), -62.00B, -63.20B
10:00 AM ET IBD/TIPP Economic Optimism (Feb), 47.2, 44.7
10:00 AM ET Milk Auctions, 3,493.0
10:30 AM ET Crude Oil Inventories, 2.133M, 1.234M
10:30 AM ET EIA Refinery Crude Runs (WoW), -0.428M
10:30 AM ET Crude Oil Imports, 0.565M
10:30 AM ET Cushing Crude Oil Inventories, -1.972M
10:30 AM ET Distillate Fuel Production, -0.115M
10:30 AM ET EIA Weekly Distillates Stocks, -1.200M, -2.542M
10:30 AM ET Gasoline Production, 0.956M
10:30 AM ET Heating Oil Stockpiles, 0.456M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), -2.6%
10:30 AM ET Gasoline Inventories, 0.533M, 1.156M
11:30 AM ET Atlanta Fed GDPNow (Q1), 4.2%, 4.2%
11:30 AM ET Fed Collins Speaks
12:30 PM ET FOMC Member Barkin Speaks
13:00 PM ET 10-Year Note Auction, 4.024%
14:00 PM ET FOMC Member Bowman Speaks
15:00 PM ET Consumer Credit (Dec), 14.90B, 23.75B

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