The Dow Market Happenings For Monday, October 31, 2016

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

The Market

Premarket today, the Dow was indicated to open up +17 points.

Friday the Dow was down -8.49 (-0.05%) at 18,161.19.

Year-to-date the Dow is up +4.22%.

There were 14 Dow stocks up Friday.

The Dow stock winners Friday were led by Chevron (CVX) +3.90% and General Electric (GE) +2.06%.

The Dow stock losers Friday were led by Merck (MRK) -4.00% and Exxon Mobil (XOM) -2.46%.

Chevron (CVX +3.90%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a 12-month price target of $118.

General Electric (GE +2.06%) is up 1% and Baker Hughes (BHI +8.38%) jumped nearly 9% in premarket trading after GE agreed to combine its oil and gas business with Baker Hughes.

Home Depot (HD +1.08%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.

The monthly jobs report this Friday will get even more attention as the Federal Reserve nears an expected interest rate hike in December, assuming the labor market continues to advance.

Consumer purchases climbed in September by the most in three months as incomes grew, signaling momentum in the biggest part of the U.S.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down three-tenths of a cent at $2.210 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

Dupont (DD)

Dupont (DD) is up +4.28% year-to-date.

Financial Calendar

0830 ET Sep personal spending expected +0.5%, Aug unch. Sep personal income expected +0.4%, Aug +0.2%.

0830 ET Sep PCE deflator expected +0.2% m/m and +1.2% y/y, Aug +0.1% m/m and +1.0% y/y. Sep PCE core deflator expected +0.1% m/m and +1.7% y/y, Aug +0.2% m/m and +1.7% y/y.

0945 ET Oct Chicago PMI expected -0.2 to 54.0, Sep +2.7 to 54.2.

1030 ET Oct Dallas Fed manufacturing activity expected +5.5 to 1.8, Sep +2.5 to -3.7.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Weekly Crop Progress.

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