DJIA Market Happenings For Tuesday, February 12, 2024 – Disney (DIS) 109.29 Up +21.04% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 392.64 (+2.18%), Home Depot (HD) 365.45 (+0.63%) and Travelers (TRV) 214.69 (+0.09%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -385 points.

Monday the Dow closed up +125.69 (+0.33%) at 38,797.38.

Year-to-date the Dow is up +2.94%.

Monday, (19) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Monday were led by Nike (NKE) 107.18 (+2.56%), Goldman Sachs (GS) 392.64 (+2.18%) and 3M (MMM) 94.63 (+1.86%).

The Dow stock losers Monday were led by Salesforce (CRM) 287.32 (-1.37%), Microsoft (MSFT) 415.26 (-1.26%) and Apple (AAPL) 187.15 (-0.90%).

The VIX closed Monday at 13.93 (+7.73%) and the 10 YR at 4.178 (-0.21%). The VIX is currently at 14.57 (+4.59%). The 10YR is at 4.278 (+2.59%).

The Dow Jones Industrial Average closed at a new record high on Monday. Say goodbye to that with today’s slightly warm CPI report.

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that came out to 3.1%. Economists had been looking for a monthly increase of 0.2% and an annual gain of 2.9%. Excluding volatile food and energy prices, so-called core CPI accelerated 0.4% in January and was up 3.9% from a year ago. The forecast had been for 0.3% and 3.7% respectively. Shelter prices, which comprise about one-third of the CPI weighting, accounted for much of the increase. The index for that category rose 0.6% on the month, contributing more than two-thirds of the headline increase. On a 12-month basis, shelter increased 6%. Food prices moved higher as well, up 0.4% on the month. Energy helped offset some of the increase, down 0.9% due largely to a 3.3% slide in gasoline prices.

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

The national average price of gasoline is up 2.9 cents at $3.225 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) reported earnings on 2/13/24 before the open with $0.46, missing estimates of $0.484 per share.

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

Disney (DIS)

Disney (DIS) 109.29 (+0.83%) is up +21.04% in 2024.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Jan), 91.1, 91.9
07:00 AM ET OPEC Monthly Report
08:30 AM ET Core CPI (MoM) (Jan), 0.3%, 0.3%
08:30 AM ET Core CPI (YoY) (Jan), 3.8%, 3.9%
08:30 AM ET Core CPI Index (Jan), 313.22
08:30 AM ET CPI (MoM) (Jan), 0.2%, 0.3%
08:30 AM ET CPI (YoY) (Jan), 2.9%, 3.4%
08:30 AM ET CPI Index, n.s.a. (Jan), 307.99, 306.75
08:30 AM ET CPI Index, s.a (Jan), 308.85
08:30 AM ET CPI, n.s.a (MoM) (Jan), -0.10%
08:30 AM ET Real Earnings (MoM) (Jan), -0.2%
08:55 AM ET Redbook (YoY), 6.1%
11:00 AM ET Cleveland CPI (MoM) (Jan), 0.4%
16:30 PM ET API Weekly Crude Oil Stock, 0.674M

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