Market Happenings For Thursday, October 31, 2013

Dow stocks at new 52 week highs include American Express (AXP), Boeing (BA), 3M (MMM), General Electric (GE) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Wednesday the Dow closed down -61.59 (-0.39%) at 15,618.76.

Premarket, the Dow was indicated to open up +1 points.

Year-to-date the Dow is up +19.19%.

The Dow Jones Industrial Average is up more than 3% this month.

Happy Halloween to all!

The Federal Reserve said Wednesday it will maintain its $85 billion per month stimulus program, which helps to support stocks around the world by pumping cash into the financial markets.

European markets are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $3.279 per gallon.

Earnings Reports.

Exxon Mobil (XOM) reports earnings today before the market open.

Chevron (CVX) reports earnings on 11/01/13 before the market open.

Walt Disney (DIS) reports earnings on 11/7/13 after the market close.

Earnings reports from Wednesday include:

Visa Inc. (V) reported third quarter EPS of $1.85 on revenue of $2.97 billion, compared to last year’s EPS of $1.54 on revenue of $2.73 billion.

Comcast Corporation (CMCSA) reported EPS of $0.65 on revenue of $16.15 billion, compared to last year’s EPS of $0.46 on revenue of $16.54 billion.

Facebook, Inc. (FB) reported third quarter EPS of $0.25 on revenue of $2.02 billion, compared to last year’s EPS of $0.12 per share on revenue of $1.26 billion.

Marriott International (MAR) reported third quarter EPS of $0.52 on revenue of $3.20 billion, compared to last year’s EPS of $0.44 on revenue of $2.73 billion.

Other stocks expected to report earnings today include:

Allstate Corporation (ALL) is expected to report third quarter EPS of $1.06 on revenue of $7.30 billion, compared to last year’s EPS of $1.46 on revenue of $7.06 billion.

American International Group, Inc. (AIG) is expected to report third quarter EPS of $0.86 on revenue of $8.63 billion, compared to last year’s EPS of $1.00 on revenue of $8.75 billion.

ConocoPhillips (COP) is expected to report third quarter EPS of $1.39 on revenue of $12.97 billion, compared to last year’s EPS of $1.44 per share on revenue of $15.09 billion.

Mastercard Incorporated (MA) is expected to report EPS of $6.92 on revenue of $2.13 billion, compared to last year’s EPS of $6.17 on revenue of $1.92 billion.

Today’s Featured Dow Stock

Intel Corp. (INTC)

Intel Corp. (INTC) is up +18.79% year-to-date.

Financial Calendar

0730 ET Oct Challenger job cuts, Sep +19.1% y/y

0830 ET Weekly initial unemployment claims expected -12,000 to 338,000, previous -12,000 to 350,000. Weekly continuing claims expected -4,000 to 2.870 million, previous -8,000 to 2.874 million.

0830 ET USDA weekly Export Sales.

0945 ET Oct Chicago PMI expected -0.7 to 55.0, Sep +2.7 to 55.7.

1500 ET Oct Cattle on Feed.

1500 ET Sep USDA Cold Storage.

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