DJIA Market Happenings For Friday, February 2, 2018

Dow stocks at 52 week highs include Boeing (BA), Microsoft (MSFT) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -199 points.

Thursday the Dow was up +37.32 (+0.14%) at 26,186.71.

Year-to-date the Dow is up +5.94%.

There were 17 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Exxon Mobil (XOM) +2.03% and Disney (DIS) +1.67%.

The Dow stock losers Thursday were led by DowDupont (DWDP) -2.75% and 3M (MMM) -1.02%.

Apple (AAPL +0.21%) rebounded from a 3% loss and rose nearly 2% in after-hours trading on optimism its profit-margins will expand after the average selling price for the iPhone in Q1 rose 14% y/y to $796. Apple had initially declined in after-hours trading after it forecast Q2 revenue of $60 billion to $62 billion, below consensus of $65.88 billion.

The Jobs Report says 200,000 jobs were added last month. Wall Street economists had expected an increase of about 180,000. The unemployment rate was at 4.1 percent, the same as in December and the lowest since 2000. Average earnings rose by 9 cents an hour and are up 2.9 percent over the past year. Revisions in the November and December figures produced a net loss of 24,000 jobs.

Exxon Mobil (XOM) shares slide 3% as oil giant’s fourth-quarter earnings fall short.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up six-tenths of a cent at $2.601 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

JPMorgan (JPM) reported earnings on 1/12/2018 before the market open of $1.07, missing estimates calling for $1.726 per share.

UnitedHealth (UNH) reported earnings on 1/16/2018 before the market open of $2.59, beating estimates of $2.559 per share.

Goldman Sachs (GS) reported earnings on 1/17/2018 before the market open of -$5.51 (includes tax loss), missing estimates calling for $5.064 per share.

American Express (AXP) reported earnings on 1/18/2017 after the market close of -$1.41, missing estimates calling for $1.564 per share.

IBM (IBM) reported earnings on 1/18/2018 after the market close of $5.01, missing estimates calling for $5.191 per share.

Johnson & Johnson (JNJ) reported earnings on 1/23/2018 before the market open of $1.19, beating estimates of $1.166 per share.

Procter & Gamble reports earnings on 1/23/2018 before the market open of $1.74, missing estimates calling for $1.757 per share.

Verizon (VZ) reported earnings on 1/23/2018 before the market open of $0.86, missing estimates of $0.887 per share.

Travelers (TRV) reported earnings on 1/23/2018 before the market open of $2.28, handily beating estimates calling for $1.657 per share.

General Electric (GE) reported earnings on 1/24/2018 before the market open of -$0.35, missing estimates calling for $0.282 per share.

United Technologies (UTX) reported earnings on 1/24/2018 before the market open of $1.60, meeting estimates of $1.597 per share.

Caterpillar (CAT) reported earnings on 1/25/2018 before the market open of $2.16, beating estimates calling for $1.827 per share.

Intel (INTC) reported earnings on 1/25/2018 after the market close of $1.08, beating estimates calling for $0.891 per share.

3M (MMM) reporte earnings on 1/25/2018 before the market open of $2.10, beating estimates of $2.052 per share.

Pfizer (PFE) reported earnings on 1/30/2018 before the market open of $0.62, beating estimates of $0.583 per share.

McDonald’s (MCD) reported earnings on 1/30/2018 before the market open of $0.87, missing estimates calling for $1.616 per share.

Microsoft (MSFT) reports earnings on 1/31/2018 after the close of $0.96, beating estimates of $0.895 per share.

Boeing (BA) reported earnings on 1/31/2018 before the market open of $4.80, beating estimates calling for $2.951 per share.

DowDupont (DWDP) reported earnings on 2/1/2018 before the market open of $0.83.

Apple (AAPL) reported earnings on 2/1/2018 after the market close of $3.89, beating estimates of $3.839 per share.

Visa (V) reported earnings on 2/1/2018 after the market close of $1.08, beating estimates of $1.007 per share.

Chevron (CVX) reported earnings on 2/2/2018 before the market open of $1.64, beating estimates of $1.306 per share.

Exxon Mobil (XOM) reported earnings on 2/2/2018 before the market open of $1.97, beating estimates of $1.092 per share.

Merck (MRK) reports earnings on 2/2/2018 before the market open of $0.98, beating estimates of $0.97 per share.

Disney (DIS) reports earnings on 2/6/2018 after the market close.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is down -0.86% year-to-date.

Financial Calendar

13:30 Average Hourly Earnings (MoM) (Jan)

13:30 Average Weekly Hours (Jan)

13:30 Government Payrolls (Jan)

13:30 Manufacturing Payrolls (Jan)

13:30 Nonfarm Payrolls

13:30 Participation Rate

13:30 Payrolls Benchmark

13:30 Payrolls Benchmark, n.s.a.

13:30 Private Nonfarm Payrolls (Jan)

13:30 U6 Unemployment Rate (Jan)

13:30 Unemployment Rate (Jan)

50 min ISM – NY Business Conditions

15:00 Factory Orders

15:00 Factory orders ex transportation

18:00 U.S. Baker Hughes Oil Rig Count

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