Dow stocks at new 52 week highs include Boeing (BA) and 3M (MMM). There are no Dow stock 52 week lows.
The Market
Thursday the Dow closed down -73.01 (-0.47%) at 15,545.75.
Premarket, the Dow was indicated to open up +39 points.
Year-to-date the Dow is up +18.63%.
Chevron Corp. (CVX) reported third-quarter profits of $2.57 a share on sales of $57 billion, missing expectations of $2.71 a share on revenues of $58.4 billion.
Year-to-date Chevron is up +10.93%.
It’s Friday and the first day of a new month. We’ve been down two days in a row. Do we sell off a bit more in preparation for a turkey rally? I hope so.
European markets are lower and Asian markets ended mixed.
The national average price of gasoline is down four-tenths of a cent to $3.275 per gallon.
Earnings Reports.
Chevron (CVX) reported earnings this morning before the market open.
Walt Disney (DIS) reports earnings on 11/7/13 after the market close.
Cisco Systems Inc. (CSCO) reports earnings on 11/13/13 after the market close.
Earnings reports from Thursday include:
Exxon Mobil Corporation (XOM) reported third quarter EPS of $1.79, compared to last year’s EPS of $2.09 on revenue of $115.71 billion.
American International Group, Inc. (AIG) reported third quarter EPS of $0.96, compared to last year’s EPS of $1.00 on revenue of $8.75 billion.
ConocoPhillips (COP) reported third quarter EPS of $1.47, compared to last year’s EPS of $1.44 per share on revenue of $15.09 billion.
Mastercard Incorporated (MA) reported EPS of $7.27 on revenue of $2.20 billion, compared to last year’s EPS of $6.17 on revenue of $1.92 billion.
Other stocks expected to report earnings today include:
Chevron Corporation (CVX) is expected to report third quarter EPS of $3.11 on revenue of $63.39 billion, compared to last year’s EPS of $2.57 per share on revenue of $58.04 billion.
WellCare Health Plans, Inc. (WCG) is expected to report EPS of $1.50 on revenue of $2.38 billion, compared to last year’s EPS of $1.05 on revenue of $1.82 billion.
CBOE Holdings, Inc. (CBOE) is expected to report third quarter EPS of $0.47 on revenue of $140.35 million, compared to last year’s EPS of $0.43 on revenue of $128.32 million.
Today’s Featured Dow Stock
International Business Machines Co. (IBM)
International Business Machines Co. (IBM) is down -6.44% year-to-date.
Financial Calendar
0910 ET St. Louis Fed President James Bullard speaks to the St. Louis Regional Chambers Financial Forum about U.S. monetary policy and the economy.
1000 ET Oct ISM manufacturing expected -1.2 to 55.0, Sep +0.5 to 56.2. Oct ISM prices paid expected -1.5 to 55.0, Sep +2.5 to 56.5.
1200 ET Richmond Fed President Jeffrey Lacker speaks to the Global Independence Center in Philadelphia, PA.
1700 ET Oct total vehicle sales expected 15.43 million, Sep 15.21 million. Oct domestic vehicle sales expected 11.90 million, Sep 11.66 million.