The Dow Market Happenings For Wednesday, November 7, 2018

Dow stocks at 52 week highs include Coca Cola (KO) and McDonald’s (MCD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +145 points.

Tuesday the Dow was up +173.31 (+0.68%) at 25,635.01.

Year-to-date the Dow is up +3.70%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by IBM (IBM) +2.55%, Travelers (TRV) +1.64% and McDonald’s (MCD) +1.29%.

The Dow stock losers Tuesday were led by Intel (INTC) -1.50%, Nike (NKE) -1.24% and Pfizer (PFE) -1.17%.

Coca-Cola (KO +0.86%) was upgraded to ‘Buy’ from ‘Hold’ at Independent Research GmbH with a price target of $57.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is down eight-tenths of a cent at $2.745 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) reported earnings on 11/2/2018 after the market close of $2.11, beating estimates of $2.083 per share.

Exxon Mobil (XOM) reported earnings on 11/2/2018 after the market close of $1.46, beating estimates of $1.199 per share.

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

Goldman Sachs (GS)

Goldman Sachs (GS) is down -10.43% year-to-date.

Financial Calendar

12:00 MBA 30-Year Mortgage Rate, 5.11%

12:00 MBA Mortgage Applications (WoW), -2.5%

12:00 MBA Purchase Index, 224.9

12:00 Mortgage Market Index, 329.5

12:00 Mortgage Refinance Index, 884.2

Tentative MBA Delinquency Rates (QoQ), 4.36%

15:30 Crude Oil Inventories, 2.433M, 3.217M

15:30 Crude Oil Imports, -0.639M

15:30 Cushing Crude Oil Inventories, 1.878M

15:30 Distillate Fuel Production, 0.023M

15:30 EIA Weekly Distillates Stocks, -2.629M, -4.054M

15:30 Gasoline Production, 0.336M

15:30 Heating Oil Stockpiles, -0.247M

15:30 Gasoline Inventories , -2.276M, -3.161M

18:00 30-Year Bond Auction, 3.344%

20:00 Consumer Credit (Sep), 16.50B, 20.08B

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