The Dow Market Happenings For Friday, May 17, 2024 – IBM (IBM) 168.97 Up +3.31% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 464.52 (-0.34%), JPMorgan (JPM) 202.47 (+0.18%), Procter & Gamble (PG) 167.86 (+0.81%) and Walmart (WMT) 64.01 (+6.99%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +17 points.

Thursday the Dow closed down -38.62 (-0.10%) at 39,869.38.

Year-to-date the Dow is up +5.78%.

Thursday, (14) Dow stocks were up, none made 52-week lows and (4) made 52-week highs.

The Dow stock winners Thursday were led by Walmart (WMT) 64.01 (+6.99%), 3M (MMM) 104.86 (+3.58%) and Boeing (BA) 182.96 (+3.37%).

The Dow stock losers Thursday were led by Cisco (CSCO) 48.34 (-2.68%), Caterpillar (CAT) 350.72 (-2.59%) and Home Depot (HD) 342.73 (-1.70%).

The VIX closed Thursday at 12.42 (-0.24%) and the 10 YR at 4.368 (-0.11%). The VIX is currently at 12.29 (-1.05%). The 10YR is at 4.397 (+0.55%).

Yesterday, the Dow Jones Industrial Average briefly jumped above 40,000 for the first time. The Dow reached an intraday high of 40,051.05.

Shares of Walmart (WMT) hit an all-time high Thursday, rising about 7% after it beat Wall Street’s quarterly sales and revenue expectations. The company’s CFO attributed that, in part, to customers turning to Walmart’s grocery aisles for cheaper meals than they can get at quick-service restaurants.

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

The national average price of gasoline is down three-tenths of a cent at $3.597 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) reported earnings on 5/16/24 before the market open with $0.60, beating estimates of $0.523 per share.

Salesforce (CRM) reports earnings on 5/29/24 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 168.97 (+0.42%) is up +3.31% in 2024.

Financial Calendar

10:00 AM ET US Leading Index (MoM) (Apr), -0.3%, -0.3%
10:15 AM ET Fed Waller Speaks
12:15 AM ET FOMC Member Daly Speaks
13:00 AM ET U.S. Baker Hughes Oil Rig Count, 496
13:00 AM ET U.S. Baker Hughes Total Rig Count, 603
15:30 AM ET CFTC Aluminium speculative net positions, 1.3K
15:30 AM ET CFTC Copper speculative net positions, 62.6K
15:30 AM ET CFTC Corn speculative net positions, -31.4K
15:30 AM ET CFTC Crude Oil speculative net positions, 215.4K
15:30 AM ET CFTC Gold speculative net positions, 199.6K
15:30 AM ET CFTC Nasdaq 100 speculative net positions, 4.4K
15:30 AM ET CFTC Natural Gas speculative net positions, -135.8K
15:30 AM ET CFTC S&P 500 speculative net positions, -9.7K
15:30 AM ET CFTC Silver speculative net positions, 53.7K
15:30 AM ET CFTC Soybeans speculative net positions, -60.0K
15:30 AM ET CFTC Wheat speculative net positions, -17.8K

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