Dow stocks hitting 52-week highs include Cisco (CSCO) 62.27 (-0.48%), Goldman Sachs (GS) 658.22 (+1.98%), JPMorgan (JPM) 276.90 (+2.39%) and Walmart (WMT) 102.85 (+0.38%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +27 points.

Thursday the Dow closed down -125.65 (-0.28%) at 44,747.63.

Year-to-date the Dow is up +5.18%.

Thursday, (15) Dow stocks were up, none made 52-week lows, and (4) made 52-week highs.

The Dow stock winners Thursday were led by Nvidia (NVDA) 128.68 (+3.08%), JPMorgan (JPM) 276.90 (+2.39%) and Goldman Sachs (GS) 658.22 (+1.98%). 16.

The Dow stock losers Thursday were led by Honeywell (HON) 209.82 (-5.64%), Salesforce (CRM) 330.81 (-4.92%) and Nike (NKE)71.74 (-3.80%).

The VIX closed Thursday at 14.99 (-3.29%) and the 10 YR at 4.489 (+1.22%). The VIX is currently at 15.64 (-0.82%). The 10YR is at 4.439 (+0.45%).

The U.S. economy added just 143,000 jobs in January, but the unemployment rate fell to 4%, according to data from the Bureau of Labor Statistics. Jobs growth in January was down significantly from an upwardly revised 307,000 in December and missed consensus expectations of 169,000 for the month. The report made significant revisions to 2024 totals. The revisions, which the BLS does each year, reduced the jobs count by 589,000. A preliminary adjustment back in August 2024 had indicated 818,000 fewer jobs. The 10-year Treasury yield jumped above 4.47% in response. Average hourly earnings for January were also higher than expected, raising inflation fears.

Amazon (AMZN) shed more than 2% in premarket trading, weighing on sentiment. Guidance from the e-commerce giant disappointed investors, as Amazon called for revenue growth of 5% to 9% in the first quarter — its weakest growth on record. The outlook overshadowed top and bottom-line beats in the fourth quarter.

Wells Fargo analyst Mike Mayo lifted his price target for JPMorgan (JPM) to $300 from $270, citing the second Trump administration as a catalyst. Shares of JPMorgan have soared 58% in the last 12 months. Mayo’s revised price target now implies potential upside of 8% ahead for the stock.

Individual investors are the most bearish toward U.S. stocks in 15 months, since November 2023, according to the latest weekly survey from the American Association of Individual Investors. Pessimism on the outlook for stocks over the next six months jumped to 42.9% of respondents from 34.0% last week. The historical bearish average is just 31.0%. Bullishness toward stocks tumbled to 33.3%, down from 41.0% last week, only the lowest in three weeks, since mid-January. The historical average of bullishness is 37.5%. Those who are neutral on stocks accounted for the balance. Investors were asked a special question this week, and the majority, 52.5%, said U.S. stocks are overvalued. Slightly more than a third, 36.9%, said valuations are mixed, with some areas expensive and others cheap. Only 7.1% said stocks are fairly valued and 1.4% said stocks are undervalued.

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

The national average price of gasoline is up three-tenths of a cent at $3.141 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/24 after the market close with $0.78, beating estimates for $0.63 per share.

JPMorgan (JPM) reported earnings on 1/15/25 before the market open with $4.81, beating estimates for $4.025 per share.

Goldman Sachs (GS) reported earnings on 1/15/25 before the market open with $7.99 per share.

UnitedHealth (UNH) reported earnings on 1/16/25 before the market open with $6.81, beating estimates for $6.708 per share.

3M (MMM) reported earnings on 1/21/25 before the market open with $1.68, beating estimates for $1.661 per share.

Johnson & Johnson (JNJ) reports earnings on 1/22/25 before the market open with $2.04, beating estimates for $2.003 per share.

Procter & Gamble (PG) reports earnings on 1/22/25 before the market open with $1.88, beating estimates for $1.863 per share.

Travelers (TRV) reported earnings on 1/22/25 before the market open with $9.15, beating estimates for $6.562 per share.

American Express (AXP) reported earnings on 1/24/25 before the market open with $3.04, beating estimates for $3.029 per share.

Verizon (VZ) reported earnings on 1/24/25 before the market open with $1.10, beating estimates for $1.094 per share.

Boeing (BA) reported earnings on 1/28/25 before the market open with -$5.90, missing estimates for -$3.221 per share.

IBM (IBM) reported earnings on 1/29/25 after the market close with $3.90, beating estimates for $3.728 per share.

Microsoft (MSFT) reported earnings on 1/29/25 after the market close with $3.23, beating estimates for $3.11 per share.

Caterpillar (CAT) reported earnings on 1/30/25 before the market open with $5.14, beating estimates for $4.967 per share.

Visa (V) reported earnings on 1/30/25 after the market close with $2.75, beating estimates for $2.659 per share.

Sherwin Williams (SHW) reported earnings on 1/30/25 before the market open with $2.09, beating estimates for $2.069 per share.

Apple (AAPL) reported earnings on 1/30/25 after the market close with $2.40, beating estimates for $2.355 per share.

Chevron (CVX) reported earnings on 1/31/25 before the market open with $2.06, missing estimates for $2.191 per share.

Merck (MRK) reported earnings on 2/4/25 before the market open with $1.72, beating estimates for $1.694 per share.

Amgen (AMGN) reported earnings on 2/4/25 after the market close with $5.31, beating estimates for $5.029 per share.

Disney (DIS) reported earnings on 2/5/25 before the market open with $1.76, beating estimates for $1.437 per share.

Honeywell (HON) reported earnings on 2/6/25 before the market open with $2.47, beating estimates for $2.314 per share.

Amazon (AMZN) reported earnings on 2/6/25 after the market close with $1.86, beating estimates for $1.518 per share.

McDonald’s (MCD) reports earnings on 2/10/25 before the market open.

Coca Cola (KO) reports earnings on 2/11/25 before the market open.

Cisco (CSCO) reports earnings on 2/12/25 after the market close.

Walmart (WMT) reports earnings on 2/20/25 before the market open.

Home Depot (HD) reports earnings on 2/25/25 before the market open.

Nvidia (NVDA) reports earnings on 2/26/25 after the market close.

Salesforce (CRM) reports earnings on 2/26/25 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 414.16 (+0.08%) is up +6.47% in 2025.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Jan), 0.3%, 0.3%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Jan), 3.8%, 3.9%
08:30 AM ET Average Weekly Hours (Jan), 34.3, 34.3
08:30 AM ET Government Payrolls (Jan), 33.0K
08:30 AM ET Manufacturing Payrolls (Jan), -2K, -13K
08:30 AM ET Nonfarm Payrolls (Jan), 169K, 256K
08:30 AM ET Participation Rate (Jan), 62.5%
08:30 AM ET Payrolls Benchmark, -266.00
08:30 AM ET Payrolls Benchmark, n.s.a., -818.00K
08:30 AM ET Private Nonfarm Payrolls (Jan), 141K, 223K
08:30 AM ET U6 Unemployment Rate (Jan), 7.5%
08:30 AM ET Unemployment Rate (Jan), 4.1%, 4.1%
09:25 AM ET FOMC Member Bowman Speaks
10:00 AM ET Fed Monetary Policy Report
10:00 AM ET Michigan 1-Year Inflation Expectations (Feb), 3.3%
10:00 AM ET Michigan 5-Year Inflation Expectations (Feb), 3.2%
10:00 AM ET Michigan Consumer Expectations (Feb), 70.0, 69.3
10:00 AM ET Michigan Consumer Sentiment (Feb), 71.9, 71.1
10:00 AM ET Michigan Current Conditions (Feb), 73.0, 74.0
10:00 AM ET Wholesale Inventories (MoM) (Dec), -0.5%, -0.5%
10:00 AM ET Wholesale Trade Sales (MoM) (Dec), 0.6%
12:00 PM ET FOMC Member Kugler Speaks
13:00 PM ET Atlanta Fed GDPNow (Q1)
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 479
13:00 PM ET U.S. Baker Hughes Total Rig Count, 582
15:00 PM ET Consumer Credit (Dec), 17.70B, -7.49B
15:30 PM ET CFTC Aluminium speculative net positions, 3.0K
15:30 PM ET CFTC Copper speculative net positions, 13.0K
15:30 PM ET CFTC Corn speculative net positions, 443.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 264.1K
15:30 PM ET CFTC Gold speculative net positions, 299.4K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 30.7K
15:30 PM ET CFTC Natural Gas speculative net positions, -65.0K
15:30 PM ET CFTC S&P 500 speculative net positions, -56.2K
15:30 PM ET CFTC Silver speculative net positions, 44.4K
15:30 PM ET CFTC Soybeans speculative net positions, 31.4K
15:30 PM ET CFTC Wheat speculative net positions, -91.1K