DJIA Market Happenings For Friday, October 28, 2016

Dow stocks at 52 week highs include JPMorgan (JPM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +24 points.

Thursday the Dow was down -29.65 (-0.16%) at 18,169.68.

Year-to-date the Dow is up +4.27%.

There were 12 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Verizon (VZ) +1.91% and Dupont (DD) +1.69%.

The Dow stock losers Thursday were led by Boeing (BA) -1.53% and Caterpillar (CAT) -1.33%.

Apple (AAPL -0.96%) raised the price of its Macs in the UK by 20% due to Brexit-induced sterling weakness.

GE (GE -0.83%) is in talks to buy Baker Hughes (BHI), according to a Dow Jones report, which boosted BHI 17% in post-market trading. GE was down -1.3% after the report. However, GE officials later denied that it is discussing an outright purchase of BHI.

Chevron (CVX) and Exxon Mobil (XOM) both reported earnings this morning. See their results below in the earnings section.

U.S. economy grew 2.9% in third quarter. Growth rate was the fastest recorded in two years after expanding an anemic 1.4% in the second quarter.

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

The national average price of gasoline is down five-tenths of a cent at $2.220 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

JPMorgan (JPM) reported earnings on 10/17/2016 before the market open of $1.58, beating estimates calling for $1.401 per share..

IBM (IBM) reported earnings on 10/17/2016 after the market close of $3.29, beating estimates of $3.214 per share.

Goldman Sachs (GS) reported earnings on 10/18/2016 before the market open of $4.88, crushing estimates calling for $3.855 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2016 before the market open of $1.68, beating estimates for $1.646 per share.

Intel (INTC) reported earnings on 10/18/2016 before the market open of $0.80, beating estimates calling for $0.727 per share.

UnitedHealth (UNH) reported earnings on 10/18/2016 before the market open of $2.17, beating estimates of $2.077 per share.

American Express (AXP) reported earnings on 10/19/2016 after the market close of $1.24, beating estimates of $0.963 per share.

Microsoft (MSFT) reported earnings on 10/20/2016 after the market close of $0.76, beating estimates of $0.678 per share.

Verizon (VZ) reported earnings on 10/20/2016 before the market open of $1.01, beating estimates of $0.992 per share.

Travelers (TRV) reported earnings on 10/20/2016 before the market open of $2.40, beating estimates of $2.374 per share.

General Electric (GE) reported earnings on 10/21/2016 before the market open of $0.32, Beating estimates of $0.305 per share.

McDonald’s (MCD) reported earnings on 10/21/2016 before the market open of $1.50, beating estimates of $1.483 per share.

Visa (V) reported earnings on 10/24/2016 before the market open of $0.78, beating estimates calling for $0.729 per share.

Apple (AAPL) reported earnings on 10/25/2016 after the market close of $1.67, barely beating estimates of $1.656 per share.

Procter & Gamble (PG) reported earnings on 10/25/2016 before the market open of $1.03, beating estimates of $0.976 per share.

Merck (MRK) reported earnings on 10/25/2016 before the market open of $1.07, beating estimates of $0.984 per share.

3M (MMM) reported earnings on 10/25/2016 before the market open $2.15, barely beating estimates of $2.144 per share.

United Technologies (UTX) reported earnings on 10/25/2016 before the market open of $1.76, beating estimates calling for $1.68 per share.

Dupont (DD) reported earnings on 10/25/2016 before the market open of $0.34, beating estimates of $0.21 per share.

Caterpillar (CAT) reported earnings on 10/25/2016 before the market open of $0.85, beating estimates calling for $0.748 per share.

Coca Cola (KO) reported earnings on 10/26/2016 before the market open $0.49, barely beating estimates calling for $0.482 per share.

Boeing (BA) reported earnings on 10/26/2016 before the market open of $3.51, smashing estimates calling for $2.62 per share.

Chevron (CVX) reported earnings on 10/28/2016 before the market open of $0.68, beating estimates calling for $0.39 per share.

Exxon Mobil (XOM) reported earnings on 10/28/2016 before the market open of $0.63, beating estimates of $0.595 per share.

Pfizer (PFE) reports earnings on 11/1/2016 before the market open.

Disney (DIS) reports earnings on 11/10/2016 after the market close.

Home Depot (HD) reports earnings on 11/15/2016 before the market open.

Cisco (CSCO) reports earnings on 11/16/2016 after the market close.

Wal-Mart (WMT) reports earnings on 11/17/2016 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is down -10.53% year-to-date.

Financial Calendar

0830 ET Q3 GDP expected +2.5%, Q2 +1.4% (q/q annualized). Q3 personal consumption expected +2.6%, Q2 +4.3%. Q3 GDP price index expected +1.4%, Q2 +2.3%. Q3 core PCE deflator expected +1.6% q/q, Q2 +1.8% q/q.

0830 ET Q3 employment cost index expected +0.6%, Q2 +0.6%.

1000 ET Final-Oct University of Michigan U.S. consumer sentiment expected +0.3 to 88.2, prelim-Oct -3.3 to 87.9.

n/a OPEC and Russian oil officials meet in Vienna to discuss cooperation on plan to curb oil production.

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