The Dow Market Happenings For Monday, February 12, 2024 – Chevron (CVX) 151.04 Up +1.26% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 212.47 (+0.60%), Salesforce (CRM) 291.30 (-0.22%) and Microsoft (MSFT) 420.55 (+1.56%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -44 points.

Friday the Dow closed down -54.64 (-0.14%) at 38,671.69.

Year-to-date the Dow is up +2.61%.

Friday, (13) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 43.31 (+1.91%), Microsoft (MSFT)420.55 (+1.56%) and IBM (IBM) 186.34 (+1.07%).

The Dow stock losers Friday were led by Chevron (CVX) 151.04 (-1.96%), Disney (DIS) 108.39 (-1.94%) and Caterpillar (CAT) 317.16 (-1.50%).

The VIX closed Friday at 12.93 (+1.09%) and the 10 YR at 4.178 (+0.24%). The VIX is currently at 13.37 (+3.40%). The 10YR is at 4.167 (-0.48%).

The Dow Jones Industrial Average edged 0.04% higher last week, its fifth positive week in a row.

The Senate on Sunday advanced a long jammed up bill that includes $95 billion in aid to Ukraine, Israel and Taiwan. The measure moved forward with 67 votes and could pass in the coming days. A larger version of the plan, which included border security measures Republicans opposed, previously failed. President Joe Biden and many congressional Democrats and Republicans have tried to send fresh aid to Ukraine for months as Russia’s invasion nears the two-year mark, but many in the GOP have opposed the funding. Meanwhile, some in Senate Majority Leader Chuck Schumer’s Democratic Party have spoken out against new military funding for Israel as health authorities in Gaza say the war there has led to more than 28,000 deaths.

Tuesday morning we get the consumer price index, or CPI, a key inflationary gauge. Then on Thursday and Friday are January’s reading on retail sales, production, imports and exports, housing starts and the producer price index, or PPI.

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

The national average price of gasoline is up seven-tenths of a cent at $3.196 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) reported earnings on 2/7/24 after the close with $1.22, beating estimates of $0.973 per share.

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.

Salesforce (CRM) reports earnings on 2/28/24 after the close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 151.04 (-1.96%) is up +1.26% in 2024.

Financial Calendar

11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations, 3.00%
11:30 AM ET 3-Month Bill Auction, 5.235%
11:30 AM ET 6-Month Bill Auction, 5.045%
13:00 PM ET FOMC Member Kashkari Speaks
14:00 PM ET Federal Budget Balance (Jan), -129.0B

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