The Dow Market Happenings For Friday, November 2, 2018

Dow stocks at 52 week highs include McDonald’s (MCD) and Merck (MRK). Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open up +175 points.

Thursday the Dow was up +264.98 (+1.06%) at 25,380.74.

Year-to-date the Dow is up +2.68%.

There were 21 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Intel (INTC) +2.86%, United Technologies (UTX) +2.71% and Home Depot (HD) +2.60%.

The Dow stock losers Thursday were led by Verizon (VZ) -1.82%, McDonald’s (MCD) -1.14% and Microsoft (MSFT) -0.83%.

Apple (AAPL +1.54%) is down nearly 6% in premarket trading after it forecast Q1 revenue of $89 billion to $93 billion, the midpoint below consensus of $92.7 billion, and then said it will stop unit sales data for iPhones, iPads and Mac computers.

The economy added 250,000 jobs in October, the Labor Department said Friday. The unemployment rate was unchanged at 3.7 percent. Annual wage growth topped 3 percent for the first time in nine years. Economists had estimated 200,000 jobs were added last month.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down one cent at $2.783 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.

Apple (AAPL) reported earnings on 11/1/2018 after the market close of $2.91, beating estimates calling for $2.838 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

Disney (DIS)

Disney (DIS) is up +7.99% year-to-date.

Financial Calendar

12:30 Average Hourly Earnings (MoM) (Oct), 0.2%, 0.3%

12:30 Average Hourly Earnings (YoY) (YoY) (Oct), 3.1%, 2.8%

12:30 Average Weekly Hours (Oct), 34.5, 34.5

12:30 Exports, 209.43B

12:30 Government Payrolls (Oct), 13.0K

12:30 Imports, 262.67B

12:30 Manufacturing Payrolls (Oct), 15K 18K

12:30 Nonfarm Payrolls (Oct), 193K, 134K

12:30 Participation Rate (Oct), 62.7%

12:30 Private Nonfarm Payrolls (Oct), 183K, 121K

12:30 Trade Balance (Sep), -53.50B, -53.20B

12:30 U6 Unemployment Rate (Oct), 7.5%

12:30 Unemployment Rate (Oct), 3.7%, 3.7%

13:45 ISM – NY Business Conditions (Oct), 822.0

14:00 Cap Goods Ship Non Defense Ex Air (MoM), -0.2%

14:00 Factory Orders (MoM) (Sep), 0.5%, 2.3%

14:00 Factory orders ex transportation (MoM) (Sep), 0.1%

17:00 U.S. Baker Hughes Oil Rig Count, 875

19:30 CFTC Copper speculative net positions, 9.3K

19:30 CFTC Crude Oil speculative net positions, 455.3K

19:30 CFTC Gold speculative net positions, 29.4K

19:30 CFTC S&P 500 speculative net positions, 239.4K

19:30 CFTC Silver speculative net positions, -5.2K

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