DJIA Market Happenings For Thursday, February 22, 2024 – Intel (INTC) 43.47 Down -14.49% YTD

Dow stocks hitting 52-week highs include Procter & Gamble (PG) 160.40 (+1.19%), JPMorgan (JPM) 180.90 (+0.65%) and Travelers (TRV) 219.48 (-0.28%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +209 points.

Wednesday the Dow closed up +48.44 (+0.13%) at 38,612.24.

Year-to-date the Dow is up +2.45%.

Wednesday, (18) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Wednesday were led by Nike (NKE) 105.27 (+1.91%), Dow (DOW) 55.75 (+1.90%), and Verizon (VZ) 41.10 (+1.48%).

The Dow stock losers Wednesday were led by Walgreens (WBA) 21.75 (-2.51%), Intel (INTC) 43.47 (-2.36%) and IBM (IBM) 179.70 (-2.04%).

The VIX closed Wednesday at 15.34 (-0.52%) and the 10 YR at 4.300 (-0.51%). The VIX is currently at 14.25 (-7.11%). The 10YR is at 4.319 (-0.07%).

The number of individuals in the U.S. filing new claims for unemployment benefits fell more-than-expected last week, suggesting strength in the labor market. Initial jobless claims for the week ending on Feb. 17 totaled 201,000, which was a decrease of 12,000 from the previous week’s revised level, according to latest figures from the U.S. Department of Labor. Insured unemployment was 1,862,000 for the week ending Feb. 10.

Looks like the Dow wil move higher today.

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

The national average price of gasoline is down four-tenths of a cent at $3.270 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

Intel (INTC)

Intel (INTC) 43.47 (-2.36%) is down -14.49% in 2024.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Jan), -0.15
08:30 AM ET Continuing Jobless Claims, 1,885K, 1,895K
08:30 AM ET Initial Jobless Claims, 218K, 212K
08:30 AM ET Jobless Claims 4-Week Avg., 218.50K
09:45 AM ET S&P Global US Manufacturing PMI (Feb), 50.5, 50.7
09:45 AM ET S&P Global Composite PMI (Feb), 52.0
09:45 AM ET S&P Global Services PMI (Feb), 52.4, 52.5
10:00 AM ET Existing Home Sales (Jan), 3.96M, 3.78M
10:00 AM ET Existing Home Sales (MoM) (Jan), -1.0%
10:00 AM ET Fed Governor Jefferson Speaks
10:30 AM ET Natural Gas Storage, -49B
11:00 AM ET Crude Oil Inventories, 4.298M, 12.018M
11:00 AM ET EIA Refinery Crude Runs (WoW), -0.298M
11:00 AM ET Crude Oil Imports, -1.188M
11:00 AM ET Cushing Crude Oil Inventories, 0.710M
11:00 AM ET Distillate Fuel Production, -0.281M
11:00 AM ET EIA Weekly Distillates Stocks, -1.847M, -1.915M
11:00 AM ET Gasoline Production, 0.164M
11:00 AM ET Heating Oil Stockpiles, 1.536M
11:00 AM ET EIA Weekly Refinery Utilization Rates (WoW), -1.8%
11:00 AM ET Gasoline Inventories, -2.982M, -3.658M
11:30 AM ET 4-Week Bill Auction, 5.280%
11:30 AM ET 8-Week Bill Auction, 5.270%
12:00 PM ET 30-Year TIPS Auction, 1.970%
15:15 PM ET FOMC Member Harker Speaks
16:30 PM ET Fed’s Balance Sheet, 7,634B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.537T
17:00 PM ET Fed Governor Cook Speaks
17:00 PM ET FOMC Member Kashkari Speaks
19:35 PM ET Fed Waller Speaks

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