The Dow Market Happenings For Monday, October 30, 2017

Dow stocks at 52 week highs include American Express (AXP), Intel (INTC), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -57 points.

Friday the Dow was up +33.33 (+0.14%) at 23,434.19.

Year-to-date the Dow is up +18.58%.

There were 12 Dow stocks up Friday.

The Dow stock winners Friday were led by Intel (INTC) +7.38% and Microsoft (MSFT) +6.41%.

The Dow stock losers Friday were led by Merck (MRK) -6.05% and Chevron (CVX) -4.14%.

Intel (INTC +7.38%) was upgraded to ‘Outperform’ from ‘Market Perform’ at BMO Capital Markets with a price target of $58.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.466 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.

Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.

3M (MMM) reported earnings on 10/24/2017 before the market open of $2.33, beating estimates of $2.253 per share.

Caterpillar (CAT) reported earnings on 10/24/2017 before the market open of $1.95, beating estimates of $1.301 per share.

McDonald’s (MCD) reported earnings on 10/24/2017 before the market open of $2.32, beating estimates of $1.792 per share.

United Technologies (UTX) reported earnings on 10/24/2017 before the market open of $1.73, beating estimates of $1.719 per share.

Boeing (BA) reported earnings on 10/25/2017 before the market open of $2.72, beating estimates of $2.709 per share.

Coca Cola (KO) reported earnings on 10/25/2017 before the market open of $0.50, meeting estimates of $0.495 per share.

Visa (V) reported earnings on 10/25/2017 before the market open of $0.90, beating estimates of $0.884 per share.

Intel (INTC) reported earnings on 10/26/2017 after the market close of $1.01, beating estimates of $0.815 per share.

Microsoft (MSFT) reported earnings on 10/26/2017 after the market close of $0.84, beating estimates calling for $0.781 per share.

Chevron (CVX) reported earnings on 10/27/2017 before the market open of $1.03, meeting expectations of $1.026 per share.

Merck (MRK) reported earnings on 10/27/2017 before the market open of $1.11, beating estimates calling for $1.04 per share.

Exxon Mobil (XOM) reported earnings on 10/27/2017 before the market open of $0.93, beating estimates of $0.885 per share.

Pfizer (PFE) reports earnings on 10/31/2017 before the market open.

Apple (AAPL) reports earnings on 11/2/2017 after the market close.

Disney (DIS) reports earnings on 11/9/2017 after the market close.

Home Depot (HD) reports earnings on 11/14/2017 before the market open.

Cisco (CSCO) reports earnings on 11/15/2017 after the market close.

Wal-Mart (WMT) reports earnings on 11/16/2017 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +7.63% year-to-date.

Financial Calendar

0830 ET Sep personal spending expected +0.9%, Aug +0.1%. Sep personal income expected +0.4%, Aug +0.2%.

0830 ET Sep PCE deflator expected +0.4% m/m and +1.6% y/y, Aug +0.2% m/m and +1.4% y/y. Sep core PCE deflator expected +0.1% m/m and +1.3% y/y, Aug +0.1% m/m and +1.3% y/y.

1030 ET Oct Dallas Fed manufacturing activity expected -0.3 to 21.0, Sep +4.3 to 21.3.

1100 ET USDA weekly grain export inspections.

1600 ET USDA crop conditions and progress report.

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