Five of the Dow Jones Industrial Average's 30 components will report quarterly results this week for the second consecutive week. 3M will report third-quarter results on Tuesday before the market opens. International Business Machines (IBM) will report third-quarter results on Wednesday after the market opens. Honeywell International will report third-quarter results on Thursday before the market opens. Procter & Gamble will report first-quarter results on Thursday before the market opens. American Express will report third-quarter results on Friday before the market opens.
The five stocks represent 12.35% of the SPDR Dow Jones Industrial Average ETF's assets, which could increase the fund's volatility this week. This week will likely bring less volatility than last week, when the five reporting companies represented 25.74% of the ETF's assets. American Express is the price-weighted ETF's 12th-largest holding, representing 3.58% of the fund. IBM is the ETF's 18th-largest holding, representing 2.65% of the fund. Honeywell is the ETF's 21st-largest holding, representing 2.42% of the fund. 3M is the ETF's 23rd-largest holding, representing 1.88% of the fund. Procter & Gamble is the ETF's 24th-largest holding, representing 1.82% of the fund.
Benzinga Pro data puts 3M's earnings-per-share estimate at $2.39 versus $2.19 last year, with earnings exceeding estimates for at least 10 consecutive quarters. Benzinga Pro data puts 3M's revenue estimate at $6.61 billion versus $6.30 billion last year, with revenue exceeding estimates in nine of the last 10 quarters. Benzinga Pro data puts IBM's earnings-per-share estimate at $2.87 versus $2.65 last year, with earnings exceeding estimates for at least 10 consecutive quarters. Benzinga Pro data puts IBM's revenue estimate at $16.82 billion versus $16.33 billion last year, with revenue exceeding estimates in eight of the last 10 quarters.
Benzinga Pro data puts Honeywell's earnings-per-share estimate at $2.16 versus $5.64 last year before a spinoff, with earnings exceeding estimates in nine of the last 10 quarters. Benzinga Pro data puts Honeywell's revenue estimate at $5.00 billion versus $10.41 billion last year, with revenue exceeding estimates in seven of the last 10 quarters. Benzinga Pro data puts Procter & Gamble's earnings-per-share estimate at $1.88 versus $1.99 last year, with earnings exceeding estimates for at least 10 consecutive quarters. Benzinga Pro data puts Procter & Gamble's revenue estimate at $22.79 billion versus $22.39 billion last year, with revenue exceeding estimates in five of the last 10 quarters. Benzinga Pro data puts American Express's earnings-per-share estimate at $4.48 versus $4.14 last year, with earnings exceeding estimates in eight of the last 10 quarters. Benzinga Pro data puts American Express's revenue estimate at $20.12 billion versus $18.43 billion last year, with revenue exceeding estimates in seven of the last 10 quarters.
Investors will watch Procter & Gamble for market-share gains and commentary on consumers switching to cheaper store-brand products. Honeywell's report follows a recent spinoff and could highlight the company's future growth opportunities. IBM's report could indicate whether artificial intelligence and software trends benefit or hurt IBM.
The Dow Jones Industrial Average trails the ETFs tracking the S&P 500 and Nasdaq 100 both year to date and over the past year. The SPDR S&P 500 ETF Trust has gained 12.4% year to date. The Invesco QQQ Trust has gained 17.5% year to date. The SPDR Dow Jones Industrial Average ETF has gained 8.0% year to date.
3M shares have gained 2.4% year to date. 3M shares have gained 5.9% over one year. IBM shares have fallen 18.9% year to date, ranking IBM as the Dow's second-worst performer. IBM shares have fallen 16.7% over one year. Honeywell shares have gained 3.3% year to date. Honeywell shares have gained 3.8% over one year.
Procter & Gamble shares have gained 10.9% year to date, ranking first among the five reporting companies and 15th among the Dow's 30 components. Procter & Gamble shares have gained 3.5% over one year. American Express shares have fallen 15.7% year to date, ranking American Express as the Dow's fourth-worst performer. American Express shares have fallen 10.1% over one year.
Five Dow Jones Stocks to Report Earnings This Week, Including 2 Worst Performers
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Summary
This week’s daily market report highlights five Dow Jones stocks set to release earnings: 3M, IBM, Honeywell, Procter & Gamble, and American Express. The group accounts for 12.35% of the SPDR Dow Jones ETF’s assets. IBM is the second-worst performer year to date, while American Express ranks fourth-worst. Procter & Gamble leads the five in performance. Traders are advised to monitor this weekly market report for potential market-moving updates.
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