The Dow Market Happenings For Tuesday, February 27, 2024 – Coca Cola (KO) 60.71 Up +3.02% YTD

Dow stocks hitting 52-week highs include American Express (AXP) 216.96 (+1.12%), Salesforce (CRM) 300.39 (+2.59%) and Home Depot (HD) 371.60 (-0.10%). Dow stock 52-week lows include Walmart (WMT) 59.60 (+1.85%).

The Market

Premarket today, the Dow was indicated to be down -29 points.

Monday the Dow closed down -62.30 (-0.16%) at 39,069.23.

Year-to-date the Dow is up +3.66%.

Monday, (5) Dow stocks were up, (1) made 52-week lows and (3) made 52-week highs.

The Dow stock winners Monday were led by Salesforce (CRM) 300.39 (+2.59%), Walmart (WMT) 59.60 (+1.85%) and American Express (AXP) 2165.96 (+1.12%).

The Dow stock losers Monday were led by Verizon (VZ) 39.69 (-2.39%), Nike (NKE) 104.54 (-1.03%) and Amgen (AMGN) 286.37 (-0.97%).

The VIX closed Monday at 13.74 (-0.07%) and the 10 YR at 4.272 (-0.58%). The VIX is currently at 13.61 (-0.95%). The 10YR is at 4.293 (-0.09%).

Orders for long-lasting goods fell even more than expected in January, largely due to a big slump in demand for transportation, the Commerce Department reported Tuesday. Durable goods orders tumbled 6.1% on the month, worse than the downwardly revised 0.3% decline in December and the Dow Jones estimate for a drop of 5%. The category encompasses products as diverse as aircraft, appliances and computers. Transportation was the main culprit for January’s slide, down 16.2%. Excluding transportation, new orders were off 0.3%, while ex-defense new orders slid 7.3%.

Thursday, we get the latest personal consumption expenditures price index numbers.

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

The national average price of gasoline is up seven-tenths of a cent at $3.271 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

Coca Cola (KO)

Coca Cola (KO) 60.71 (-0.80%) is up +3.02% in 2024.

Financial Calendar

08:30 AM ET Core Durable Goods Orders (MoM) (Jan), 0.2%, 0.6%
08:30 AM ET Durable Goods Orders (MoM) (Jan), -4.9%, 0.0%
08:30 AM ET Durables Excluding Defense (MoM) (Jan), 0.5%
08:30 AM ET Goods Orders Non Defense Ex Air (MoM) (Jan), 0.1%, 0.3%
08:55 AM ET Redbook (YoY), 3.0%
09:00 AM ET House Price Index (YoY) (Dec), 6.6%
09:00 AM ET House Price Index (MoM) (Dec), 0.3%, 0.3%
09:00 AM ET House Price Index (Dec), 417.4
09:00 AM ET S&P/CS HPI Composite – 20 s.a. (MoM) (Dec), 0.1%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (MoM) (Dec), -0.2%
09:00 AM ET S&P/CS HPI Composite – 20 n.s.a. (YoY) (Dec), 6.0%, 5.4%
09:05 AM ET Fed Vice Chair for Supervision Barr Speaks
10:00 AM ET CB Consumer Confidence (Feb), 114.8, 114.8
10:00 AM ET Richmond Manufacturing Index (Feb), -4, -15
10:00 AM ET Richmond Manufacturing Shipments (Feb), -4, -15
10:00 AM ET Richmond Services Index (Feb), 4
10:30 AM ET Dallas Fed Services Revenues (Feb), -3.6
10:30 AM ET Texas Services Sector Outlook (Feb), -9.3
11:30 AM ET Atlanta Fed GDPNow (Q1), 2.9%, 2.9%
13:00 PM ET 7-Year Note Auction, 4.109%
16:30 PM ET API Weekly Crude Oil Stock, 7.168M

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