The Dow Market Happenings For Friday, November 3, 2017

Dow stocks at 52 week highs include Intel (INTC), McDonald’s (MCD) Travelers (TRV) and Wal-Mart (WMT). Dow stock 52 week lows include General Electric (GE).

The Market

Premarket today, the Dow was indicated to open up +35 points.

Thursday the Dow was up +81.25 (+0.35%) at 23,516.26.

Year-to-date the Dow is up +18.99%.

There were 18 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) +1.60% and United Technologies (UTX) +1.12%.

The Dow stock losers Thursday were led by Home Depot (HD) -1.61% and Cisco (CSCO) -1.18%.

Apple (AAPL +0.73%) rose nearly 3% to a new record high in after-hours trading after it reported Q4 revenue of $52.6 billion, better than consensus of $50.7 billion, and said it sees fiscal Q1 revenue of $84 billion-$87 billion, the mid-point above consensus of $84.5 billion.

The U.S. economy added 261,000 jobs in October, rebounding from the previous month’s hurricane-related losses as idled employees returned to work, but the gain was not as robust as expected. Economists had expected 312,000 payroll gains. The unemployment rate fell from 4.2% to 4.1%, a new 16-year low.

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

The national average price of gasoline is up 1.2 cents at $2.517 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) reported earnings on 10/31/2017 before the market open of $0.67, barely beating estimates calling for $0.662 per share..

Apple (AAPL) reported earnings on 11/2/2017 after the market close of $2.07, beating estimates of $1.899 per share.

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

UnitedHealth (UNH)

UnitedHealth (UNH) is up +30.34% year-to-date.

Financial Calendar

0830 ET Oct non-farm payrolls expected +310,000, Sep -33,000. Oct private payrolls expected +301,000, Sep -40,000. Oct manufacturing payrolls expected +15,000, Sep -1,000, Oct unemployment rate expected unch at 4.2%, Sep -0.2 to 4.2%.

0830 ET Oct average hourly earnings expected +0.2% m/m and +2.7% y/y, Sep +0.5% m/m and +2.9% y/y. Oct average weekly hours expected unch at 34.4 hours, Sep unch at 34.4 hrs.

0830 ET Sep trade balance expected -$43.2 billion, Aug -$42.4 billion.

1000 ET Oct ISM non-manufacturing index expected -1.3 to 58.5, Sep +4.5 to 59.8.

1000 ET Sep factory orders expected +1.2%, Aug +1.2% and +0.4% ex-transportation.

1045 ET Revised Oct Markit services PMI expected unch at 55.9, prelim-Oct +0.6 to 55.9.

1215 ET Minneapolis Fed President Neel Kashkari (voter) speaks in a moderated Q&A on Women in Housing and Finance.

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