The Dow Market Happenings For Wednesday, October 31, 2018

Dow stocks at 52 week highs include Verizon (VZ). Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open up +202 points.

Tuesday the Dow was up +431.72 (+1.77%) at 24,874.64.

Year-to-date the Dow is up +0.63%.

There were 26 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) +5.20%, Boeing (BA) +4.27% and Nike (NKE) +3.21%.

The Dow stock losers Tuesday were led by IBM (IBM) -3.54%, Visa (V) -1.17% and Pfizer (PFE) -0.79%.

ADP on Wednesday reported 227,000 new private-sector jobs in October. Economists had expected 178,000 new jobs. The September total for jobs added was revised down from an initial 230,000 to 218,000.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down eight-tenths of a cent at $2.801 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

IBM (IBM) reported earnings on 10/16/18 after the market close of $3.42, missing estimates of $3.434 per share.

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

Procter & Gamble (PG) reported earnings on 10/19/2018 before the market open of $1.12,meeting expectations of $1.116 per share.

Travelers (TRV) reported earnings on 10/19/18 before the market open of $2.54, beating estimates calling for $2.19 per share.

American Express (AXP) reported earnings on 10/18/18 after the market close of $1.88,beating estimates of $1.808 per share.

McDonald’s (MCD) reported earnings on 10/23/2018 before the market open of $2.10, beating estimates of $2.012 per share.

3M (MMM) reported earnings on 10/23/2018 before the market open of $2.58, missing estimates of $2.726 per share.

United Technologies (UTX) reported earnings on 10/23/2018 before the market open of $1.93, beating estimates calling for $1.861 per share.

Verizon (VZ) reported earnings on 10/23/2018 before the market open of $1.22, beating estimates of $1.211 per share.

Boeing (BA) reported earnings on 10/24/2018 before the market open of $3.58, beating estimates calling for $3.513 per share.

Microsoft (MSFT) reported earnings on 10/24/2018 after the market close of $1.14, beating estimates of $1.007 per share.

Visa (V) reported earnings on 10/24/2018 after the market close of $1.21, missing estimates calling for $1.244 per share.

Merck (MRK) reported earnings on 10/25/2018 before the market open of $1.19, beating estimates calling for $1.167 per share.

Intel (INTC) reported earnings on 10/25/2018 after the market close of $1.40, beating estimates of $1.19 per share.

Coca Cola (KO) reported earnings on 10/30/2018 before the market open of $0.58, beating estimates of $0.559 per share.

Pfizer (PFE) reported earnings on 10/30/2018 before the market open of $0.78, meeting estimates of $0.782 per share.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Cisco (CSCO) reports earnings on 11/14/2018 after the market close.

Walmart (WMT) reports earnings on 11/15/2018 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +16.40% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 5.11%

11:00 MBA Mortgage Applications (WoW), 4.9%

11:00 MBA Purchase Index, 228.4

11:00 Mortgage Market Index, 337.8

11:00 Mortgage Refinance Index, 919.6

12:15 ADP Nonfarm Employment Change (Oct), 189K, 230K

12:30 Employment Benefits (QoQ) (Q3), 0.90%

12:30 Employment Cost Index (QoQ) (Q3), 0.7%, 0.6%

12:30 Employment Wages (QoQ) (Q3), 0.50%

13:45 Chicago PMI (Oct), 60.3 60.4

14:30 Crude Oil Inventories, 3.667M 6.346M

14:30 Crude Oil Imports, -0.335M

14:30 Cushing Crude Oil Inventories, 1.371M

14:30 Distillate Fuel Production, 0.145M

14:30 EIA Weekly Distillates Stocks, -1.833M, -2.262M

14:30 Gasoline Production, -0.402M

14:30 Heating Oil Stockpiles, 0.007M

14:30 Gasoline Inventories, -2.300M, -4.826M

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