The Dow Market Happenings For Tuesday, May7, 2024 – Salesforce (CRM) 275.63 Up +4.75% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 443.67 (+1.25%) and Procter & Gamble (PG) 164.44 (-0.01%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +21 points.

Monday the Dow closed up +176.59 (+0.48%) at 38,852.27.

Year-to-date the Dow is up +3.09%.

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

The Dow stock winners Monday were led by Disney (DIS) 116.47 (+2.47%), IBM (IBM) 168.61 (+1.75%) and Microsoft (MSFT) 413.54 (+1.69%).

The Dow stock losers Monday were led by Amgen (AMGN) 299.48 (-3.79%), Apple (AAPL) 181.71 (-0.91%) and Boeing (BA) 178.35 (-0.80%).

The VIX closed Monday at 13.49 (-8.11%) and the 10 YR at 4.472 (-0.16%). The VIX is currently at 13.53 (+0.30%). The 10YR is at 4.440 (-0.87%).

Disney (DIS) shares fell more than 8% after the media and entertainment giant exceeded quarterly earnings expectations and posted in-line revenue. The company earned an adjusted $1.21 per share. Analysts expected a profit of $1.10 per share. Revenue was in line with expectations, coming in at $22.08 billion. Disney’s streaming business was also close to breaking even for the quarter.

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

The national average price of gasoline is down 1.1 cents at $3.640 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) reported earnings on 5/7/24 before the market open with $1.21, beating estimates of $1.117 per share.

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

Salesforce (CRM)

Salesforce (CRM) 275.63 (+0.72%) is up +4.75% in 2024.

Financial Calendar

08:55 AM ET Redbook (YoY), 5.5%
10:00 AM ET IBD/TIPP Economic Optimism, 44.1, 43.2
11:30 AM ET FOMC Member Kashkari Speaks
12:00 PM ET EIA Short-Term Energy Outlook
13:00 PM ET 3-Year Note Auction, 4.548%
15:00 PM ET Consumer Credit (Mar), 15.50B, 14.12B
16:30 PM ET API Weekly Crude Oil Stock, 4.906M

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