The Dow Market Happenings For Tuesday, November 12, 2024 – JPMorgan (JPM) 239.29 Up +40.68% YTD

Dow stocks hitting 52-week highs include Cisco (CSCO) 58.63 (+0.98%), Salesforce (CRM) 341.73 (+6.14%), Honeywell (HON) 225.24 (+2.62%), Visa (V) 310.92 (+0.99%), UnitedHealth (UNH) 625.25 (+1.53%) and Goldman Sachs (GS) 602.34 (+2.22%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +49 points.

Monday the Dow closed up 304.14 (+0.69%) at 44,293.13.

Year-to-date the Dow is up +17.52%.

Monday, (15) Dow stocks were up, none made 52-week lows, and (6) made 52-week highs.

The Dow stock winners Monday were led by Salesforce (CRM) 341.73 (+6.14%), Honeywell (HON) 225.24 (+2.62%) and Goldman Sachs (GS) 602.34 (+2.22%).

The Dow stock losers Monday were led by Merck (MRK) 100.73 (-2.13%), Boeing (BA) 148.96 (-1.79%) and Nvidia (NVDA) 145.26 (-1.61%).

The VIX closed Monday at 14.97 (+0.20%) and the 10 YR at 4.329 (-0.37%). The VIX is currently at 15.18 (+1.40%). The 10YR is at 4.387 (+0.97%).

Home Depot (HD) shares rose 1.7% after the company topped earnings expectations and lifted its full-year outlook. Sales rose more than 6% on a year-over-year basis. Home Depot’s net income for the fiscal third quarter dropped to $3.65 billion, or $3.67 per share, from $3.81 billion, or $3.81 per share, in the year-ago period. Revenue climbed 6.6% from $37.71 billion in the year-ago period. Comparable sales fell 1.3% in the quarter across the business. That’s better than the 3.3% drop analysts expected. The metric fell by 1.2% in the U.S.

Bitcoin crossed $90,000 for the first time in record run.

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

The national average price of gasoline is down five-tenths of a cent at $3.078 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 10/1/24 after the market close with $0.70, beating estimates for $0.514 per share.

JPMorgan (JPM) reported earnings on 10/11/24 before the market open with $4.37, beating estimates of $4.01 per share.

Goldman Sachs (GS) reported earnings on 10/15/24 before the market open with $8.40, beating estimates of $6.89 per share.

Johnson & Johnson (JNJ) reported earnings on 10/15/24 before the market open with $2.41, beating estimates for $2.217 per share.

UnitedHealth (UNH) reported earnings on 10/15/24 before the market open with $7.15, beating estimates for $7.015 per share.

Travelers (TRV) reported earnings on 10/17/24 before the market open with $5.24, beating estimates for $3.794 per share.

American Express (AXP) reports earnings on 10/18/24 before the market open with $3.49, beating estimates for $3.266 per share.

Procter & Gamble (PG) reports earnings on 10/18/24 before the market open with $1.93, beating estimates for $1.898 per share.

3M (MMM) reported earnings on 10/22/24 before the market open with $1.98, beating estimates for $1.93 per share.

Verizon (VZ) reported earnings on 10/22/24 before the market open with $1.19, beating estimates for $1.181 per share.

Boeing (BA) reported earnings on 10/23/24 before the market open with -$10.44, missing estimates for -$10.337 per share.

Coca Cola (KO) reported earnings on 10/23/24 before the market open with $0.77, beating estimates for $0.743 per share.

IBM (IBM) reported earnings on 10/23/24 after the market close with $2.30, beating estimates for $2.265 per share.

Dow (DOW) reported earnings on 10/24/24 before the market open with $0.47, beating estimates for $0.464 per share.

Honeywell (HON) reported earnings on 10/24/24 before the market open with $2.58, beating estimates for $2.501 per share.

McDonald’s (MCD) reported earnings on 10/29/24 before the market open with $3.23, beating estimates for $3.181 per share.

Visa (V) reported earnings on 10/29/24 after the market close with $2.71, beating estimates for $2.581 per share.

Caterpillar (CAT) reported earnings on 11/05/24 before the market open with $5.17, missing estimates for $5.33 per share.

Amgen (AMGN) reports earnings on 10/30/24 after the market close with $5.58, beating estimates for $5.109 per share.

Microsoft (MSFT) reported earnings on 10/30/24 after the market close with $3.30, beating estimates for $3.083 per share.

Merck (MRK) reported earnings on 10/31/24 before the market open with $1.57, beating estimates for $1.504 per share.

Intel (INTC) reported earnings on 10/31/24 after the market close with -$0.46, missing estimates for -$0.205 per share.

Amazon (AMZN) reported earnings on 10/31/24 after the market close with $1.43, beating estimates for $1.144 per share.

Apple (AAPL) reported earnings on 10/31/24 after the market close with $1.64, beating estimates for $1.49 per share.

Chevron (CVX) reported earnings on 11/01/24 before the market open with $2.51, beating estimates for $2.47 per share.

Home Depot (HD) reported earnings on 11/12/24 before the market open with $3.78, beating estimates for $3.643 per share.

Cisco (CSCO) reports earnings on 11/13/24 after the market close.

Disney (DIS) reports earnings on 11/14/24 before the market open.

Walmart (WMT) reports earnings on 11/19/24 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 239.29 (+0.97%) is up +40.68% in 2024.

Financial Calendar

06:00 AM ET NFIB Small Business Optimism (Oct), 91.9, 91.5
07:00 AM ET OPEC Monthly Report
08:55 AM ET Redbook (YoY), 6.0%
10:00 AM ET Fed Waller Speaks
10:10 AM ET IBD/TIPP Economic Optimism (Nov), 47.3, 46.9
10:15 AM ET FOMC Member Barkin Speaks
11:00 AM ET NY Fed 1-Year Consumer Inflation Expectations (Oct), 3.0%
11:30 AM ET 3-Month Bill Auction, 4.440%
11:30 AM ET 6-Month Bill Auction, 4.260%
14:00 AM ET FOMC Member Kashkari Speaks
14:00 AM ET Loan Officer Survey
17:00 AM ET FOMC Member Harker Speaks
17:30 AM ET FOMC Member Barkin Speaks

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