DJIA Market Happenings For Tuesday, April 16, 2024 – Merck (MRK) 126.19 Up +15.75% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Boeing (BA) 167.82 (-1.02%).

The Market

Premarket today, the Dow was indicated to be up +81 points.

Monday the Dow closed down -248.13 (-0.65%) at 37,735.11.

Year-to-date the Dow is up +0.12%.

Monday, (10) Dow stocks were up, (1) made 52-week lows and none made 52-week highs.

The Dow stock winners Monday were led by Goldman Sachs (GS) 400.88 (+2.92%), Intel (INTC) 36.31 (+1.74%) and UnitedHealth (UNH) 445.63 (+1.46%).

The Dow stock losers Monday were led by Salesforce (CRM) 272.90 (-7.28%), Apple (AAPL) 172.69 (-2.19%) and Microsoft (MSFT) 413.64 (-1.96%).

The VIX closed Monday at 19.23 (+11.09%) and the 10 YR at 4.600 (-0.52%). The VIX is currently at 19.04 (-0.99%). The 10YR is at 4.666 (+0.91%).

UnitedHealth (UNH)shares rallied more than 6% after the healthcare giant posted better-than-expected revenue in its first-quarter results on Tuesday, with growth of close to 9% from $91.9 billion in the same period last year. UnitedHealth reported adjusted earnings of $6.91 per share on revenue of $99.8 billion for the quarter, while analysts expected earnings of $6.61 per share on revenue of $99.3 billion.

But Johnson & Johnson (JNJ) shares were down nearly 1% even after the pharmaceutical maker posts better-than-expected first-quarter earnings. The company earned an adjusted $2.71 per share on revenue of $21.38 billion. Analysts expected a profit of $2.64 per share on revenue of $21.4 billion. The company got a boost from strong medical device sales.

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

The national average price of gasoline is up 1.0 cent at $3.644 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/24 after the market close with $0.98, beating estimates of $0.691 per share.

JPMorgan (JPM) reported earnings on 4/12/24 before the market open with $4.44, beating estimates of $4.184 per share.

Goldman Sachs (GS) reports earnings on 4/15/24 before the market open with $6.91, beating estimates of $6.633 per share.

Johnson & Johnson (JNJ) reports earnings on 4/16/24 before the market open with $2.71, beating estimates of $2.639 per share.

UnitedHealth (UNH) reports earnings on 4/16/24 before the market open.

Travelers (TRV) reports earnings on 4/17/24 before the market open.

American Express (AXP) reports earnings on 4/19/24 before the market open.

Procter & Gamble (PG) reports earnings on 4/19/24 before the market open.

Coca Cola (KO) reports earnings on 4/22/24 before the market open.

Verizon (VZ) reports earnings on 4/22/24 before the market open.

Microsoft (MSFT) reports earnings on 4/23/24 after the market close.

Visa (V) reports earnings on 4/23/24 after the market close.

Boeing (BA) reports earnings on 4/24/24 before the market open.

IBM (IBM) reports earnings on 4/24/24 after the market close.

Caterpillar (CAT) reports earnings on 4/25/24 before the market open.

Dow (DOW) reports earnings on 4/25/24 before the market open.

Honeywell (HON) reports earnings on 4/25/24 before the market open.

Merck (MRK) reports earnings on 4/25/24 before the market open.

Intel (INTC) reports earnings on 4/25/24 after the market close.

Amazon (AMZN) reports earnings on 4/25/24 after the market close.

Chevron (CVX) reports earnings on 4/26/24 before the market open.

3M (MMM) reports earnings on 4/30/24 before the market open.

Coca Cola (KO) reports earnings on 4/30/24 before the market open.

McDonald’s (MCD) reports earnings on 4/30/24 before the market open.

Amgen (AMGN) reports earnings on 5/2/24 after the market close.

Apple (AAPL) reports earnings on 5/2/24 after the market close.

Disney (DIS) reports earnings on 5/7/24 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 126.19 (+0.36%) is up +15.75% in 2024.

Financial Calendar

08:30 AM ET Building Permits (MoM) (Mar), 2.4%
08:30 AM ET Building Permits (Mar), 1.514M, 1.524M
08:30 AM ET Housing Starts (Mar), 1.480M, 1.521M
08:30 AM ET Housing Starts (MoM) (Mar), 10.7%
08:55 AM ET Redbook (YoY), 5.4%
09:00 AM ET Fed Governor Jefferson Speaks
09:15 AM ET Capacity Utilization Rate (Mar), 78.5%, 78.3%
09:15 AM ET Industrial Production (MoM) (Mar), 0.4%, 0.1%
09:15 AM ET Industrial Production (YoY) (Mar), -0.23%
09:15 AM ET Manufacturing Production (MoM) (Mar), 0.8%
12:30 PM ET FOMC Member Williams Speaks
13:00 PM ET FOMC Member Barkin Speaks
13:15 PM ET Atlanta Fed GDPNow (Q1), 2.8%, 2.8%
13:15 PM ET Fed Chair Powell Speaks
16:30 PM ET API Weekly Crude Oil Stock, 3.034M

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