DJIA Market Happenings For Friday, November 7, 2014

Dow stocks at 52 week highs include Johnson & Johnson (JNJ), UnitedHealth (UNH), Nike (NKE), 3M (MMM), Travelers (TRV), Microsoft (MSFT) and Disney (DIS). Dow stock 52 week lows include International Business Machines (IBM) which is down -13.92% year-to-date..

The Market

Premarket today, the Dow was indicated to open down -1 points.

Thursday, the Dow closed up +69.94 (+0.40%) at 17,554.47.

Year-to-date the Dow is up +5.90%.

There were 22 Dow stock winners Thursday.

Dow stock winners Thursday included General Electric (GE) +2.09% and Microsoft (MSFT) +1.78%.

Dow stock losers Thursday included American Express (AXP) -0.91% and AT&T (T) -0.57%.

Pfizer (PFE) was unchanged Thursday.

Disney (DIS +1.10%) reported Q4 EPS of 89 cents, better than consensus of 88 cents.

The Labor Department reported 214,000 jobs were added in October, extending the healthiest pace of hiring in eight years. The unemployment rate dropped to 5.8 percent from 5.9 percent. Also a combined 31,000 more jobs were added in August and September than had previously been estimated. Employers have now added at least 200,000 jobs for nine straight months.

Home Depot, Inc. (HD) said that the hacking attacks it suffered in September may have been worse than initially believed. The company said that in addition to the 56 million payment cards that were exposed, the hackers had access to a database of around 53 million email addresses. Home Depot representatives have said that no password or other personal information was included with the emails and confirmed that the security breach would end up costing the company around $62 million.

Friday we get the Labor Department Jobs Report.

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

The national average price of gasoline is down eight-tenths of a cent at $2.947 per gallon.

Earnings Reports.

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.

Wal-Mart (WMT) will report earnings on 11/13/14 before the market open.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Wednesday include:

Walt Disney Co (DIS) reported fourth quarter EPS of $0.89 on revenue of $12.39 billion, compared to last year’s EPS of $0.77 on revenue of $11.57 billion.

AstraZeneca plc (AZN) reported third quarter EPS of $1.05 on revenue of $6.54 billion, compared to last year’s EPS of $1.22 on revenue of $6.25 billion.

Apache Corporation (APA) reported third quarter EPS of $1.38 on revenue of $3.74 billion, compared to last year’s EPS of $2.32 on revenue of $4.41 billion.

DIRECTV (DTV) reported quarter EPS of $1.33 on revenue of $8.37 billion, compared to last year’s EPS of $1.28 on revenue of $7.88 billion.

Stocks reporting earnings today include:

Brookfield Asset Management Inc. (BAM) is expected to report third quarter EPS of $0.33 on revenue of $4.54 billion, compared to last year’s EPS of $0.45 on revenue of $5.18 billion.

Buckeye Partners, L.P. (BPL) is expected to report third quarter EPS of $0.88 on revenue of $1.41 billion, compared to last year’s EPS of $0.72 on revenue of $1.09 billion.

E.W. Scripps Co (SSP) is expected to report third quarter EPS of $0.06 on revenue of $217.05 million, compared to last year’s loss of $0.16 on revenue of $189.54 million.

Humana Inc (HUM) is expected to report third quarter EPS of $2.00 on revenue of $12.34 billion, compared to last year’s EPS of $2.31 on revenue of $10.32 billion.

Today’s Featured Dow Stock

Home Depot Inc. (HD)

Home Depot Inc. (HD) is up +18.16% year-to-date.

Financial Calendar

0830 ET Oct non-farm payrolls expected +235,000, Sep +248,000. Oct private payrolls expected +225,000, Sep +236,000. Oct manufacturing payrolls expected +10,000, Sep +4,000. Oct unemployment rate expected unch at 5.9%, Sep -0.2 to 5.9%.

0830 ET Oct avg hourly earnings expected +0.2% m/m and +2.1% y/y, Sep unch m/m and +2.0% y/y. Oct avg weekly hours all-employees expected unch at 34.6 hours.

0915 ET Chicago Fed President Charles Evans gives introductory remarks at the Chicago Feds annual banking conference.

1015 ET Fed Chair Janet Yellen participates in a panel discussion in Paris as part of the International Symposium of the Banque de France on Policy Since the Onset of the Financial Crisis.

1500 ET Sep consumer credit expected +$16.500 billion, Aug +$13.525 billion.

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