The Dow Market Happenings For Friday, October 31, 2014

Dow stocks at 52 week highs include Nike (NKE), Home Depot (HD) Procter & Gamble, Travelers (TRV), 3M (MMM), UnitedHealth (UNH) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +172 points. Looks like a new high at the open.

Thursday, the Dow closed up +221.11 (+1.30%) at 17,195.42.

Year-to-date the Dow is up +3.73%.

There were 25 Dow stock winners Thursday.

Dow stock winners Thursday included Visa (V) +10.24% and Merck (MRK) +1.98%.

Dow stock losers Thursday included Intel (INTC) -3.95% and Microsoft (MSFT) -1.22%.

Wal-Mart Stores, Inc. (WMT) is looking to compete with online retailers like Amazon.com, Inc. (AMZN) by implementing a price-matching program. The program is still in the testing phase and Wal-Mart executives are working to determine if the company will lose significant profits if the program is rolled out nationwide.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $3.003 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) will report earnings on 10/14/14 before the market open.

JPMorgan (JPM) will report earnings on 10/14/14 before the market open.

Intel (INTC) will report earnings on 10/14/14 after the market close.

American Express (AXP) reports earnings on 10/15/14 after the market close.

Goldman Sachs (GS) will report earnings on 10/16/14 before the market open.

United Health (UNH) will report earnings on 10/16/14 before the market open.

International Business Machines (IBM) will report earnings on 10/16/14 after the market close.

General Electric (GE) will report earnings on 10/17/14 before the market open.

Coca Cola (KO) will report earnings on 10/21/14 before the market open.

McDonald’s (MCD) will report earnings on 10/21/14 before the market open.

Travelers (TRV) will report earnings on 10/21/14 before the market open.

United Technologies (UTX) will report earnings on 10/21/14 before the market open.

Verizon (VZ) will report earnings on 10/21/14 before the market open.

Boeing will report earnings on 10/22/14 before the market open.

AT&T (T) will report earnings on 10/22/14 after the market close.

3M (MMM) will report earnings on 10/23/14 before the market open.

Caterpillar (CAT) will report earnings on 10/23/14 before the market open.

Microsoft (MSFT) will report earnings on 10/23/14 after the market close.

Procter & Gamble (PG) will report earnings on 10/24/14 before the market open.

Merck (MRK will report earnings on 10/27/14 before the market open.

Dupont (DD) will report earnings on 10/28/14 before the market open.

Pfizer (PFE) will report earnings on 10/28/14 before the market open.

Visa (V) will report earnings on 10/29/14 after the market close.

Exxon Mobil will report earnings on 10/31/14 before the market open.

Chevron (CVX) will report earnings on 10/31/14 before the market open.

Disney (DIS) will report earnings on 11/6/14 after the market close.

Cisco (CSCO) will report earnings on 11/12/14 after the market close.

Notable earnings reports from Thursday include:

AmerisourceBergen Corp. (ABC) reported fourth quarter EPS of $1.10 on revenue of $31.59 billion, compared to last year’s EPS of $0.79 on revenue of $24.47 billion.

Cardinal Health Inc (CAH) reported first quarter EPS of $1.00 on revenue of $24.10 billion, compared to last year’s EPS of $1.10 on revenue of $24.52 billion.

ConocoPhillips (COP) reported third quarter EPS of $1.29, compared to last year’s EPS of $1.47 on revenue of $15.47 billion.

Starbucks Corporation (SBUX) reported fourth quarter EPS of $0.74 on revenue of $4.18 billion, compared to last year’s EPS of $0.63 on revenue of $3.80 billion.

Stocks reporting earnings today include:

AbbVie Inc (ABBV) is expected to report third quarter EPS of $0.77 on revenue of $4.82 billion, compared to last year’s EPS of $0.82 on revenue of $4.66 billion.

Anheuser Busch Inbev SA (BUD) is expected to report third quarter EPS of $1.53 on revenue of $12.50 billion, compared to last year’s EPS of $1.36 on revenue of $11.73 billion.

Exxon Mobil Corporation (XOM) is expected to report third quarter EPS of $1.71 on revenue of $105.51 billion, compared to last year’s EPS of $1.79 on revenue of $112.37 billion.

Hilton Worldwide Holdings Inc (HLT) is expected to report third quarter EPS of $0.17 on revenue of $2.60 billion.

Today’s Featured Dow Stock

Cisco Systems Inc. (CSCO)

Cisco Systems Inc. (CSCO) is up +7.36% year-to-date.

Financial Calendar

0830 ET Sep personal spending expected +0.1%, Aug +0.5%. Sep personal income expected +0.3%, Aug +0.3%.

0830 ET Sep PCE deflator expected +0.1% m/m and +1.5% y/y, Aug unch m/m and +1.5% y/y. Sep core PCE deflator expected +0.1% m/m and +1.5% y/y, Aug +0.1% m/m and +1.5% y/y.

0830 ET Q3 employment cost index expected +0.5%, Q2 +0.7%.

0900 ET Oct Milwaukee PMI expected -3.18 to 60.00, Sep +3.55 to 63.18.

0945 ET Oct Chicago PMI expected -0.5 to 60.0, Sep -3.8 to 60.5.

0955 ET Final-Oct U.S. consumer confidence (University of Michigan) expected unch at 86.4, prelim-Oct +1.8 to 86.4.

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