DJIA Market Happenings For Monday, February 26, 2024 – JPMorgan (JPM) 183.99 Up +8.17% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 214.56 (+0.27%), Salesforce (CRM) 292.80 (-0.29%), Goldman Sachs (GS) 391.05 (+0.15%), Home Depot (HD) 371.96 (+0.17%), JPMorgan (JPM) 183.99 (+0.50%), Merck (MRK) 129.45 (+0.15%), Procter & Gamble (PG) 161.03 (+0.29%), Travelers (TRV) 220.96 (-0.60%%) and Visa (V) 283.60 (-0.05%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +15 points.

Friday the Dow closed up +62.42 (+0.16%) at 39,131.53.

Year-to-date the Dow is up +3.83%.

Friday, (21) Dow stocks were up, none made 52-week lows and (9) made 52-week highs.

The Dow stock winners Friday were led by Amgen (AMGN) 289.18 (+1.40%), Johnson & Johnson (JNJ) 161.84 (+0.87%) and IBM (IBM) 185.72 (+0.82%).

The Dow stock losers Friday were led by Apple (AAPL) 182.52 (-1.00%), Travelers (TRV) 220.96 (-0.60%) and Chevron (CVX) 154.66 (-0.50%).

The VIX closed Friday at 13.75 (-5.43%) and the 10 YR at 4.235 (-0.56%). The VIX is currently at 13.96 (+1.53%). The 10YR is at 4.252 (-0.16%).

The Dow hit a new 52-week high Friday.

The Fed’s preferred inflation measure, the personal consumption expenditures price index, is due Thursday and will help to determine the path of policy ahead.

Amazon (AMZN) joins the 30-stock Dow today, replacing Walgreens (WBA). The Dow’s holdings are weighted according to stock price, not market cap. The addition of the e-commerce giant will increase the index’s exposure to tech and consumer retail.

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

The national average price of gasoline is up two-tenths of a cent at $3.264 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

JPMorgan (JPM)

JPMorgan (JPM) 183.99 (+0.50%) is up +8.17% in 2024.

Financial Calendar

10:00 AM ET New Home Sales (Jan), 680K, 664K
10:00 AM ET New Home Sales (MoM) (Jan), 8.0%
10:30 AM ET Dallas Fed Mfg Business Index (Feb), -27.4
11:30 AM ET 2-Year Note Auction, 4.365%
11:30 AM ET 6-Month Bill Auction, 5.100%
13:00 AM ET 3-Month Bill Auction, 5.230%
13:00 AM ET 5-Year Note Auction, 4.055%

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