DJIA Market Happenings For Wednesday, May 22, 2024 – JPMorgan (JPM) 199.52 Up +17.30% YTD

Dow stocks hitting 52-week highs include Microsoft (MSFT) 429.04 (+0.87%), Procter & Gamble (PG) 168.35 (+0.62%) and Walmart (WMT) 65.15 (+1.51%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -86 points.

Tuesday the Dow closed up +66.22 (+0.17%) at 39,872.99.

Year-to-date the Dow is up +5.79%.

Monday, (14) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Tuesday were led by IBM (IBM) 173.47 (+2.09%), JPMorgan (JPM) 199.52 (+2.01%) and Goldman Sachs (GS) 470.41 (+1.61%).

The Dow stock losers Tuesday were led by 3M (MMM) 103.14 (-1.97%), Verizon (VZ) 39.62 (-1.25%) and Salesforce (CRM) 283.76 (-1.15%).

The VIX closed Tuesday at 11.86 (-2.39%) and the 10 YR at 4.411 (-0.02%). The VIX is currently at 11.99 (+1.10%). The 10YR is at 4.446 (+0.77%).

Not much going on this morning. Nvidia reports after the close though.

Amazon (AMZN) is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology. Don’t know what it will cost yet either. The Seattle-based company will launch a more conversational version of Alexa later this year, potentially positioning it to better compete with new generative AI-powered chatbots from companies including Google and OpenAI. Amazon’s subscription for Alexa supposedly will not be included in the $139 per year Prime offering.

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

The national average price of gasoline is up 1.3 cents at $3.611 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

JPMorgan (JPM)

JPMorgan (JPM) 199.52 (+2.01%) is up +17.30% in 2024.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate, 7.08%
07:00 AM ET MBA Mortgage Applications (WoW), 0.5%
07:00 AM ET MBA Purchase Index, 141.7
07:00 AM ET Mortgage Market Index, 198.1
07:00 AM ET Mortgage Refinance Index, 499.9
10:00 AM ET Existing Home Sales (MoM) (Apr), -4.3%
10:00 AM ET Existing Home Sales (Apr), 4.21M, 4.19M
10:30 AM ET Crude Oil Inventories, -2.508M
10:30 AM ET EIA Refinery Crude Runs (WoW), 0.307M
10:30 AM ET Crude Oil Imports, 0.108M
10:30 AM ET Cushing Crude Oil Inventories, -0.341M
10:30 AM ET Distillate Fuel Production, 0.021M
10:30 AM ET EIA Weekly Distillates Stocks, -0.045M
10:30 AM ET Gasoline Production, 0.203M
10:30 AM ET Heating Oil Stockpiles, -0.680M
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW), 1.9%
10:30 AM ET Gasoline Inventories, -0.235M
13:00 PM ET 20-Year Bond Auction, 4.818%
14:00 PM ET FOMC Meeting Minutes

Both comments and pings are currently closed.

Comments are closed.