DJIA Market Happenings For Thursday, May 16, 2024 – Honeywell (HON) 205.06 Down -2.22% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 466.09 (+1.66%%) and JPMorgan (JPM) 202.11 (+0.30%%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -13 points.

Wednesday the Dow closed up +349.89 (+0.88%) at 39,908.00.

Year-to-date the Dow is up +5.89%.

Wednesday, (21) Dow stocks were up, none made 52-week lows and (2) made 52-week highs.

The Dow stock winners Wednesday were led by Salesforce (CRM) 287.54 (+3.88%), Amgen (AMGN) 319.04 (+2.45%) and Home Depot (HD) 348.67 (+2.40%).

The Dow stock losers Wednesday were led by Disney (DIS) 102.77 (-2.45%), Boeing (BA) 176.99 (-2.09%) and Travelers (TRV) 214.35 (-1.49%).

The VIX closed Wednesday at 12.45 (-7.23%) and the 10 YR at 4.325 (-0.62%). The VIX is currently at 13.98 (-3.28%). The 10YR is at 4.360 (-1.82%).

Initial claims for unemployment benefits drifted back lower last week after showing a spike in the previous period, the Labor Department reported Thursday. First-time filings totaled 222,000 for the week ended May 11, just 1,000 above the Dow Jones estimate and a 10,000 decline from the previous week’s upwardly revised total, which was the highest since late August. Continuing claims rose to 1.794 million, up 13,000 from the previous week and a bit above the FactSet estimate.

Walmart (WMT) popped 4% after reporting adjusted first-quarter earnings of 60 cents per share, topping the 52 cents expected by analysts. Revenue was $161.5 billion, beating the $159.5 billion consensus estimate. Walmart said it made big gains in e-commerce and won over more high-income shoppers.

Cisco (CSCO) shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion, topping analysts’ estimates for earnings of 82 cents per share on revenues of $12.53 billion.

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

The national average price of gasoline is down seven-tenths of a cent at $3.600 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) reported earnings on 5/14/24 before the market open with $3.63, beating estimates of $3.611 per share.

Cisco (CSCO) reported earnings on 5/15/24 after the market close with $0.88, beating estimates of $0.699 per share.

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

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 205.06 (+0.91%) is down -2.22% in 2024.

Financial Calendar

08:30 AM ET Building Permits (MoM) (Apr), -3.7%
08:30 AM ET Building Permits (Apr), 1.480M, 1.467M
08:30 AM ET Continuing Jobless Claims, 1,780K, 1,785K
08:30 AM ET Export Price Index (YoY), -1.4%
08:30 AM ET Export Price Index (MoM) (Apr), 0.4%, 0.3%
08:30 AM ET Housing Starts (Apr), 1.420M, 1.321M
08:30 AM ET Housing Starts (MoM) (Apr), -14.7%
08:30 AM ET Import Price Index (YoY), 0.4%
08:30 AM ET Import Price Index (MoM) (Apr), 0.3%, 0.4%
08:30 AM ET Initial Jobless Claims, 219K, 231K
08:30 AM ET Jobless Claims 4-Week Avg., 215.00K
08:30 AM ET Philadelphia Fed Manufacturing Index (May), 7.7, 15.5
08:30 AM ET Philly Fed Business Conditions (May), 34.3
08:30 AM ET Philly Fed CAPEX Index (May), 20.00
08:30 AM ET Philly Fed Employment (May), -10.7
08:30 AM ET Philly Fed New Orders (May), 12.2
08:30 AM ET Philly Fed Prices Paid (May), 23.00
09:15 AM ET Capacity Utilization Rate (Apr), 78.4%, 78.4%
09:15 AM ET Industrial Production (MoM) (Apr), 0.1%, 0.4%
09:15 AM ET Industrial Production (YoY) (Apr), 0.00%
09:15 AM ET Manufacturing Production (MoM) (Apr), 0.1%, 0.5%
10:00 AM ET Fed Vice Chair for Supervision Barr Speaks
10:30 AM ET FOMC Member Harker Speaks
10:30 AM ET Natural Gas Storage, 76B, 79B
11:15 AM ET Atlanta Fed GDPNow (Q2), 3.8%, 3.8%
11:30 AM ET 4-Week Bill Auction, 5.270%
11:30 AM ET 8-Week Bill Auction, 5.275%
11:30 AM ET FOMC Member Mester Speaks
15:50 PM ET FOMC Member Bostic Speaks
16:30 PM ET Fed’s Balance Sheet, 7,353B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.331T

Both comments and pings are currently closed.

Comments are closed.