Market Happenings For Friday, December 06, 2013

Thee are no Dow stocks at new 52 week highs. There are no Dow stock 52 week lows.

The Market

Thursday the Dow closed down -68.26 (-0.43%) at 15,821.51.

Premarket, the Dow was indicated to open up +148 points.

Year-to-date the Dow is up +20.74%.

The Labor Department reported that the economy added 203,000 jobs in November, higher than the 183,000 estimated by economists. The unemployment rate dropped to 7.0% from 7.3%. It was expected to fall to 7.2%.

And of course, stocks are popping on the news.

European stocks are mostly higher and Asian stocks ended mostly lower.

The national average price of gasoline is up seven-tenths of a cent to $3.259 per gallon.

Earnings Reports.

Nike (NKE) is expected to report earnings on 12/19/13 after the market close.

Earnings reports from Thursday include:

Dollar General Corporation (DG) reported third quarter EPS of $0.72 on revenue of $4.38 billion, compared to last year’s EPS of $0.63 on revenue of $3.96 billion.

Kroger Company (KR) reported third quarter EPS of $0.53 on revenue of $22.50 billion, compared to last year’s EPS of $0.46 on revenue of $21.81 billion.

UTI Worldwide Inc. (UTIW) reported a third quarter loss of $0.09 per share on revenue of $1.15 billion, compared to last year’s EPS of $0.16 on revenue of $1.13 billion.

Other stocks expected to report earnings today include:

American Eagle Outfitters, Inc. (EO) is expected to report third quarter EPS of $0.19 on revenue of $846.75 million, compared to last year’s EPS of $0.41 on revenue of $901.37 million.

Big Lots, Inc. (BIG) is expected to report a third quarter loss of $0.08 on revenue of $1.17 billion, compared to last year’s loss of $0.10 on revenue of $1.13 billion.

Bank of Nova Scotia (BNS) is expected to report fourth quarter EPS of $1.31 on revenue of $5.37 billion, compared to last year’s EPS of $1.21 on revenue of $4.94 billion.

Today’s Featured Dow Stock

Chevron Corp. (CVX)

Chevron Corp. (CVX) is up 11.98% year-to-date.

Financial Calendar

0830 ET Nov non-farm payrolls expected +185,000, Oct +204,000. Nov private payrolls expected +180,000, Oct +212,000. Nov manufacturing payrolls expected +10,000, Oct +19,000. Nov unemployment rate expected -0.1 to 7.2%, Oct +0.1 to 7.3%.

0830 ET Nov avg hourly earnings expected +0.2% m/m and +2.0% y/y, Oct +0.1% m/m and +2.2% y/y. Nov avg weekly hours expected +0.1 to 34.5 hours, Oct 34.4.

0830 ET Oct personal spending expected +0.2%, Sep +0.2%. Oct personal income expected +0.3%, Sep +0.5%. Oct PCE deflator expected unch m/m and +0.7% y/y, Sep +0.1% m/m and +0.9% y/y. Oct PCE core deflator expected +0.1% m/m and +1.1% y/y, Sep +0.1% m/m and +1.2% y/y.

0930 ET Philadelphia Fed President Charles Plosser along with former Fed Chairman Alan Greenspan and former Fed Vice-Chairman Donald Kohn speak at a forum on The History of Central Banking in the U.S.

0955 ET Preliminary-Dec U.S. consumer confidence index (University of Michigan) expected +0.9 to 76.0, Nov +1.9 to 75.1.

1500 ET Oct consumer credit expected +$14.550 billion, Sep +$13.737 billion.

1500 ET Chicago Fed resident Charles Evans speaks at a symposium at Loyola University call The Federal Reserve at 100.

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