DJIA Market Happenings For Tuesday, November 1, 2016

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Nike (NKE).

The Market

Premarket today, the Dow was indicated to open up +17 points.

Monday the Dow was down -18.77 (-0.10%) at 18,142.42.

Year-to-date the Dow is up +4.12%.

There were 14 Dow stocks up Monday.

The Dow stock winners Monday were led by Chevron (CVX) +0.90% and IBM (IBM) +0.71%.

The Dow stock losers Monday were led by Nike (NKE) -3.54% and Exxon Mobil (XOM) -1.72%.

Pfizer Inc. surprised investors Tuesday by announcing it is ending development of an experimental cholesterol-lowering drug that was projected to be a blockbuster, and reported third-quarter earnings that fell short of analysts’ estimates. See earnings below.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down four-tenths of a cent at $2.206 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

JPMorgan (JPM) reported earnings on 10/17/2016 before the market open of $1.58, beating estimates calling for $1.401 per share..

IBM (IBM) reported earnings on 10/17/2016 after the market close of $3.29, beating estimates of $3.214 per share.

Goldman Sachs (GS) reported earnings on 10/18/2016 before the market open of $4.88, crushing estimates calling for $3.855 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2016 before the market open of $1.68, beating estimates for $1.646 per share.

Intel (INTC) reported earnings on 10/18/2016 before the market open of $0.80, beating estimates calling for $0.727 per share.

UnitedHealth (UNH) reported earnings on 10/18/2016 before the market open of $2.17, beating estimates of $2.077 per share.

American Express (AXP) reported earnings on 10/19/2016 after the market close of $1.24, beating estimates of $0.963 per share.

Microsoft (MSFT) reported earnings on 10/20/2016 after the market close of $0.76, beating estimates of $0.678 per share.

Verizon (VZ) reported earnings on 10/20/2016 before the market open of $1.01, beating estimates of $0.992 per share.

Travelers (TRV) reported earnings on 10/20/2016 before the market open of $2.40, beating estimates of $2.374 per share.

General Electric (GE) reported earnings on 10/21/2016 before the market open of $0.32, Beating estimates of $0.305 per share.

McDonald’s (MCD) reported earnings on 10/21/2016 before the market open of $1.50, beating estimates of $1.483 per share.

Visa (V) reported earnings on 10/24/2016 before the market open of $0.78, beating estimates calling for $0.729 per share.

Apple (AAPL) reported earnings on 10/25/2016 after the market close of $1.67, barely beating estimates of $1.656 per share.

Procter & Gamble (PG) reported earnings on 10/25/2016 before the market open of $1.03, beating estimates of $0.976 per share.

Merck (MRK) reported earnings on 10/25/2016 before the market open of $1.07, beating estimates of $0.984 per share.

3M (MMM) reported earnings on 10/25/2016 before the market open $2.15, barely beating estimates of $2.144 per share.

United Technologies (UTX) reported earnings on 10/25/2016 before the market open of $1.76, beating estimates calling for $1.68 per share.

Dupont (DD) reported earnings on 10/25/2016 before the market open of $0.34, beating estimates of $0.21 per share.

Caterpillar (CAT) reported earnings on 10/25/2016 before the market open of $0.85, beating estimates calling for $0.748 per share.

Coca Cola (KO) reported earnings on 10/26/2016 before the market open $0.49, barely beating estimates calling for $0.482 per share.

Boeing (BA) reported earnings on 10/26/2016 before the market open of $3.51, smashing estimates calling for $2.62 per share.

Chevron (CVX) reported earnings on 10/28/2016 before the market open of $0.68, beating estimates calling for $0.39 per share.

Exxon Mobil (XOM) reported earnings on 10/28/2016 before the market open of $0.63, beating estimates of $0.595 per share.

Pfizer (PFE) reported earnings on 11/1/2016 before the market open of $0.61, missing estimates calling for $0.62 per share.

Disney (DIS) reports earnings on 11/10/2016 after the market close.

Home Depot (HD) reports earnings on 11/15/2016 before the market open.

Cisco (CSCO) reports earnings on 11/16/2016 after the market close.

Wal-Mart (WMT) reports earnings on 11/17/2016 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM) Exxon Mobil (XOM) src="http://finviz.com/chart.ashx?t=XOM&ty=c&ta=1&p=d&s=l" alt="" width="480px" />

Exxon Mobil (XOM) is up +6.89% year-to-date.

Financial Calendar

0945 ET Revised-Oct Markit U.S. manufacturing PMI expected unch at 53.2, prelim-Oct +1.7 to 53.2.

1000 ET Sep construction spending expected +0.5%, Oct -0.7% m/m.

1000 ET Oct ISM manufacturing index expected +0.2 to 51.7, Sep +2.1 to 51.5. Oct ISM new orders, Sep +6.0 to 55.1. Oct ISM employment, Sep +1.4 to 49.7. Oct ISM prices paid expected +1.3 to 54.3, Sep unch at 53.0.

1030 ET FOMC begins 2-day policy meeting.

n/a Oct total vehicle sales expected 17.60 million, Sep 17.65 million. Oct domestic vehicle sales expected 13.68 million, Sep 13.87 million.

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