The Dow Market Happenings For Tuesday, May 21, 2024 – Johnson & Johnson (JNJ) 151.27 Down -3.49% YTD

Dow stocks hitting 52-week highs include Goldman Sachs (GS) 467.72 (+0.69%), JPMorgan (JPM) 204.79 (+1.15%), and Walmart (WMT) 64.65 (+1.00%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -11 points.

Monday the Dow closed down -196.82 (-0.49%) at 39,806.77.

Year-to-date the Dow is up +5.62%.

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

The Dow stock winners Monday were led by Caterpillar (CAT) 362.75 (+1.82%%), Microsoft (MSFT) 425.34 (+1.22%) and Boeing (BA) 186.61 (+0.90%).

The Dow stock losers Monday were led by JPMorgan (JPM) 195.58 (-4.50%), Cisco (CSCO) 47.13 (-2..16%) and Travelers (TRV) 215.60 (-1.87%).

The VIX closed Monday at 12.15 (+1.33%) and the 10 YR at 4.440 (+0.14%). The VIX is currently at 12.24 (+2.09%). The 10YR is at 4.442 (+0.57%).

JPMorgan (JPM) CEO Jamie Dimon signaled Monday that his retirement might be coming sooner than previously anticipated. Dimon, 68, indicated at the bank’s annual investor meeting that he expects his remaining tenure will be less than five years. That’s a change from his previous standard answer, that retirement was perpetually five years away. His ambiguity has made succession timing at JPMorgan a persistent question for the bank’s investors and analysts. Dimon also said the bank would not repurchase shares at their current levels. Shares of the company dropped 4.5% Monday.

Pretty quiet this morning with Dow stocks.

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

The national average price of gasoline is up eight-tenths of a cent at $3.598 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

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 151.27 (-1.39%) is down -3.49% in 2024.

Financial Calendar

04:20 AM ET Fed Governor Kroszner Speaks
08:55 AM ET Redbook (YoY), 6.3%
09:00 AM ET Fed Waller Speaks
09:00 AM ET FOMC Member Barkin Speaks
09:05 AM ET FOMC Member Williams Speaks
09:10 AM ET FOMC Member Bostic Speaks
10:00 AM ET Milk Auctions, 3,708.0
11:45 AM ET Fed Vice Chair for Supervision Barr Speaks
16:30 PM ET API Weekly Crude Oil Stock, -3.104M
19:00 PM ET Fed Collins Speaks
19:00 PM ET FOMC Member Bostic Speaks
19:00 PM ET FOMC Member Mester Speaks

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