The Dow Market Happenings For Friday, November 9, 2018

Dow stocks at 52 week highs include McDonald’s (MCD), Merck (MRK), UnitedHealth (UNH) and Walgreens (WBA). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -124 points.

Thursday the Dow was up +10.92 (+0.04%) at 26,191.22.

Year-to-date the Dow is up +5.95%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by 3M (MMM) +1.38%, Cisco (CSCO) +1.13% and American Express (AXP) +1.11%.

The Dow stock losers Thursday were led by Exxon Mobil (XOM) -1.59%, Chevron (CVX) -1.25% and Disney (DIS) -0.90%.

Walt Disney (DIS -0.90%) rose 2% in after-hours trading after it reported Q4 adjusted EPS of $1.48, higher than consensus of $1.34.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down 1.2 cents at $2.723 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) reported earnings on 11/8/2018 after the market close of $1.48, beating estimates calling for $1.348 per share.

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

IBM (IBM)

IBM (IBM) is down -19.48% year-to-date.

Financial Calendar

13:30 Core PPI (YoY) (Oct), 2.3%, 2.5%

13:30 Core PPI (MoM) (Oct), 0.2%, 0.2%

13:30 PPI (MoM) (Oct), 0.2%, 0.2%

13:30 PPI (YoY) (Oct), 2.5%, 2.6%

14:05 FOMC Member Quarles Speaks

Tentative MBA Delinquency Rates (QoQ), 4.36%

15:00 Michigan 5-Year Inflation Expectations (Nov), 2.40%

15:00 Michigan Consumer Expectations (Nov), 88.6, 89.3

15:00 Michigan Consumer Sentiment (Nov), 98.0, 98.6

15:00 Michigan Current Conditions (Nov), 114.4, 113.1

15:00 Michigan Inflation Expectations (Nov), 2.9%

15:00 Wholesale Inventories (MoM) (Sep), 0.3%, 0.3%

18:00 U.S. Baker Hughes Oil Rig Count, 874

20:30 CFTC Copper speculative net positions, 0.7K

20:30 CFTC Crude Oil speculative net positions, 432.6K

20:30 CFTC Gold speculative net positions, 13.2K

20:30 CFTC S&P 500 speculative net positions, 263.0K

20:30 CFTC Silver speculative net positions, -8.5K

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