The Dow Market Happenings For Wednesday, February 21, 2024 – IBM (IBM) 183.44 Up +12.16% YTD

Dow stocks hitting 52-week highs include JPMorgan (JPM) 179.73 (+0.39%), Merck (MRK) 127.37 (-0.33%), Travelers (TRV) 220.10 (+1.18%) and Walmart (WMT) 175.86 (+3.23%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -68 points.

Tuesday the Dow closed down -64.19 (-0.17%) at 38,563.80.

Year-to-date the Dow is up +2.32%.

Tuesday, (14) Dow stocks were up, none made 52-week lows and (4) made 52-week highs.

The Dow stock winners Tuesday were led by Walmart (WMT) 175.86 (+3.23%), Intel (INTC) 44.52 (+2.32%) and Coca Cola (KO) 60.70 (+2.21%).

The Dow stock losers Tuesday were led by Caterpillar (CAT) 313.74 (-2.54%), IBM (IBM) 183.44 (-2.24%) and Disney (DIS) 109.44 (-1.94%).

The VIX closed Tuesday at 15.42 (+4.83%) and the 10 YR at 4.283 (+0.16%). The VIX is currently at 16.04 (+4.02%). The 10YR is at 4.256 (-0.47%).

Today we get the minutes from the Federal Reserve’s January meeting.

Amazon (AMXN) will join the blue-chip Dow Jones Industrial Average next week, replacing Walgreens Boots Alliance , according to a Tuesday announcement from S&P Dow Jones Indices. The change goes into effect prior to market open on Feb. 26. Shares of Amazon gained 1% Tuesday in post market trading, while Walgreens fell 3% on the news.

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

The national average price of gasoline is down two-tenths of a cent at $3.274 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) reported earnings on 2/14/24 after the close with $0.87, beating estimates of $0.713 per share.

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

Walmart (WMT) reported earnings on 2/20/24 before the open with $1.80, beating estimates of $1.645 per share. Walmart is also doing a 3:1 stock split on 2/26/24.

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

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 183.44 (-2.24%) is up +12.16% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 6.87%
07:00 AM ET MBA Mortgage Applications (WoW), -2.3%
07:00 AM ET MBA Purchase Index, 149.6
07:00 AM ET Mortgage Market Index, 205.1
07:00 AM ET Mortgage Refinance Index, 489.6
08:00 AM ET FOMC Member Bostic Speaks
08:55 AM ET Redbook (YoY), 2.5%
13:00 PM ET 20-Year Bond Auction, 4.423%
13:00 PM ET FOMC Member Bowman Speaks
14:00 PM ET FOMC Meeting Minutes
16:30 PM ET API Weekly Crude Oil Stock, 8.520M

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