The Dow Market Happenings For Friday, October 30, 2020

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -223 points.

Thursday the Dow was up +139.16 (+0.52%) at 26,659.11.

Year-to-date the Dow is down -6.59%.

There was 18 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) 115.32 (+3.71%), Chevron (CVX) 68.80 (+2.87%) and Disney (DIS) 121.54 (+2.59%).

The Dow stock losers Thursday were led by Walgreens (WBA) 33.52 (-3.09%), UnitedHealth (UNH) 303.68 (-1.40%) and Johnson & Johnson (JNJ) 137.19 (-0.85%).

Honeywell (HON) shares dipped in the premarket after the industrial giant Friday beat estimates on third-quarter earnings and revenue.

Chevron (CVX) shares were steady in the premarket after the U.S. oil giant Friday delivered a third-quarter profit. Analysts had expected a loss. However, revenue missed expectations.

Apple (AAPL) shares dipped in premarket after iPhone sales slump 21% in its fiscal fourth quarter, though the normal September launch of new iPhones was delayed into October. Apple beat estimates on earnings and revenue.

The latest surge in U.S. coronavirus cases is pushing total infections in the nation toward 9 million with at least 228,675 deaths. New daily cases hit a record of 88,521 on Thursday. The seven-day average of infections also hit an all-time high of 74,183, a 24% increase from a week ago.

Talks between Democrats and the White House on an addition Covid-19 stimulus package stalled Thursday, five days before the Nov. 3 election. Thursday morning, the government said the economy grew at its fastest pace ever in the third quarter, 33.1%, coming off its worst quarter in history due to the pandemic.

Walmart (WMT) has removed guns and ammunition from sales floors in stores where those items had been displayed, citing pockets of “civil unrest” around the U.S. However, the retail giant will continue selling the items.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down five-tenths of a cent at $2.142 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reported earnings on Tuesday 10/13/2020 before the market open of $2.20, beating estimates calling for $1.987 per share.

JPMorgan (JPM) 96.27 (+0.96%) reported earnings on Tuesday 10/13/2020 before the market open of $2.92, beating estimates calling for $2.353 per share.

Goldman Sachs (GS) reported earnings on Wednesday 10/14/2020 before the market open of $9.68, beating estimates calling for $5.57 per share.

UnitedHealth (UNH) reported earnings on Wednesday 10/14/2020 before the market open of $3.51, beating estimates of $2.981 per share.

Walgreens (WBA) reported earnings on Thursday 10/15/2020 before the market open of $1.02, beating estimates of $0.96 per share.

IBM (IBM) reported earnings on Monday 10/19/2020 after the market close of $2.58, beating estimates calling for $2.545 per share.

Procter & Gamble (PG) reported earnings on Tuesday 10/20/2020 before the market open of $1.63, beating estimates of $1.428 per share.

Travelers (TRV) reported earnings on Tuesday 10/20/2020 before the market open of $3.12, beating estimates of $2.907 per share.

Verizon (VZ) reported earnings on Wednesday 10/21/2020 before the market open of $1.25, beating estimates of $1.217 per share.

Dow (DOW) reported earnings on Thursday 10/22/2020 before the market open of $0.50, beating estimates of $0.33 per share.

Coca Cola (KO) reported earnings on Thursday 10/22/2020 before the market open of $0.55, beating estimates of $0.454 per share.

Intel (INTC) reported earnings on Thursday 10/22/2020 after the market close of $1.11, meeting (slightly beating) expectations of $1.103 per share.

American Express (AXP) reported earnings on Friday 10/23/2020 before the market open of $1.30, missing estimates of $1.39 per share.

3M (MMM) reported earnings on Tuesday 10/27/2020 before the market open of $2.43, beating estimates of $2.27 per share.

Merck (MRK) reported earnings on Tuesday 10/27/2020 before the market open of $1.74, beating estimates of $1.442 per share.

Microsoft (MSFT) reported earnings on Tuesday 10/27/2020 after the market close of $1.82, beating estimates of $1.528 per share.

Boeing (BA) reported earnings on Wednesday 10/28/2020 before the market open of -$1.39, beating estimates of -$2.334 peer share.

Amgen (AMGN) reported earnings on Wednesday 10/28/2020 after the market close of $4.37, beating estimates of $3.746 per share.

Visa (V) reported earnings on Wednesday 10/28/2020 after the market close of $1.12, beating estimates of $1.092 per share.

Apple (AAPL) reported earnings on Thursday 10/29/2020 after the market close of $0.73, beating estimates of $0.691 per share.

Chevron (CVX) reported earnings on Friday 10/30/2020 before the market open of $0.11, beating estimates of -$0.0287 per share.

Honeywell (HON) reported earnings on Friday 10/30/2020 before the market open of $1.56, beating estimates of $1.486 per share.

McDonald’s (MCD) reports earnings on Monday 11/09/2020 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 303.68 (-1.40%) is up +3.30% year-to-date. UnitedHealth (UNH) YTD low was 187.72 on 3/20/2020. UnitedHealth has provided a +61.77% gain off the YTD low.

Financial Calendar

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