DJIA Market Happenings For Monday, May 6, 2024 – Caterpillar (CAT) 336.75 Up +13.89% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 438.18 (+1.30%) and Procter & Gamble (PG) 164.46 (+0.38%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +155 points.

Friday the Dow closed up +450.02 (+1.18%) at 38,675.68.

Year-to-date the Dow is up +2.62%.

Friday, (20) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Friday were led by Amgen (AMGN) 311.29 (+11.82%), Apple (AAPL) 183.38 (+5.98%) and Microsoft (MSFT) 406.66 (+2.22%).

The Dow stock losers Thursday were led by McDonalds (MCD) 270.32 (-1.08%), American Express (AXP) 230.77 (-0.74%) and JPMorgan (JPM) 190.51 (-0.60%).

The VIX closed Thursday at 13.49 (-8.11%) and the 10 YR at 4.494 (-1.38%). The VIX is currently at 13.71 (+1.63%). The 10YR is at 4.462 (-0.58%).

Last week the Dow rose +1.1%.

Tuesday we get earnings from Disney (DIS).

Today we get more clues on future Fed moves as both Richmond Fed President Tom Barkin and New York Fed President John Williams are slated to speak.

On Saturday, Warren Buffett’s Berkshire Hathaway reported a nearly 40% surge in year-over-year operating earnings for the first quarter. Berkshire also held its annual shareholder meeting.

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

The national average price of gasoline is down two-tenths of a cent at $3.651 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) reported earnings on 4/15/24 before the market open with $6.91, beating estimates of $6.633 per share.

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

UnitedHealth (UNH) reported earnings on 4/16/24 before the market open with $6.91, beating estimates of $6.633 per share.

Travelers (TRV) reported earnings on 4/17/24 before the market open with $4.69, beating estimates of $4.746 per share.

American Express (AXP) reported earnings on 4/19/24 before the market open with $3.33, beating estimates of $2.965 per share.

Procter & Gamble (PG) reported earnings on 4/19/24 before the market open with $1.52, beating estimates of $1.418 per share.

Verizon (VZ) reported earnings on 4/22/24 before the market open with $1.15, beating estimates of $1.12 per share.

Visa (V) reported earnings on 4/23/24 after the market close with $2.51, beating estimates of $2.426 per share.

Boeing (BA) reported earnings on 4/24/24 before the market open with -$1.13, beating estimates of -$1.429 per share.

IBM (IBM) reported earnings on 4/24/24 after the market close with $1.68, beating estimates of $1.589 per share.

Caterpillar (CAT) reported earnings on 4/25/24 before the market open with $5.60, beating estimates of $5.118 per share.

Dow (DOW) reported earnings on 4/25/24 before the market open with $0.56, beating estimates of $0.473 per share.

Honeywell (HON) reported earnings on 4/25/24 before the market open with $2.25, beating estimates of $2.176 per share.

Merck (MRK) reported earnings on 4/25/24 before the market open with $2.07, beating estimates of $1.936 per share.

Intel (INTC) reported earnings on 4/25/24 after the market close with $0.18, beating estimates of -$0.035 per share.

Microsoft (MSFT) reported earnings on 4/25/24 after the market close with $2.94, beating estimates of $2.815 per share.

Chevron (CVX) reports earnings on 4/26/24 before the market open with $2.93, beating estimates of $2.837 per share.

3M (MMM) reported earnings on 4/30/24 before the market open with $2.39, beating estimates of $2.082 per share.

Coca Cola (KO) reported earnings on 4/30/24 before the market open with $0.74, beating estimates of $0.694 per share.

McDonald’s (MCD) reported earnings on 4/30/24 before the market open with $2.66, beating estimates of $2.712 per share.

Amazon (AMZN) reports earnings on 4/30/24 after the market close with $0.98, beating estimates of $0.809 per share.

Amgen (AMGN) reported earnings on 5/2/24 after the market close with $3.96, beating estimates of $3.756 per share.

Apple (AAPL) reported earnings on 5/2/24 after the market close with $1.53, beating estimates of $1.507 per share.

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

Home Depot (HD) reports earnings on 5/14/24 before the market open.

Cisco (CSCO) reports earnings on 5/15/24 after the market close.

Walmart (WMT) reports earnings on 5/16/24 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) 336.75 (+0.39%) is up +13.89% in 2024.

Financial Calendar

10:00 AM ET CB Employment Trends Index (Apr), 112.84
11:30 AM ET 3-Month Bill Auction, 5.250%
11:30 AM ET 6-Month Bill Auction, 5.165%
12:50 PM ET FOMC Member Barkin Speaks
13:00 PM ET FOMC Member Williams Speaks
14:00 PM ET Loan Officer Survey

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