DJIA Market Happenings For Thursday, November 3, 2016

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Nike (NKE).

The Market

Premarket today, the Dow was indicated to open up +36 points.

Wednesday the Dow was down -77.46 (-0.43%) at 17,959.64.

Year-to-date the Dow is up +3.07%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by 3M (MMM) +0.90% and Home Depot (HD) +0.33%.

The Dow stock losers Wednesday were led by Verizon (VZ) -1.51% and Pfizer (PFE) -1.42%.

Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 265,000 for the week ended Oct. 29, the highest level since early August, the Labor Department reported. It was the 87th straight week that claims remained below 300,000, a threshold associated with a healthy labor market.

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

The national average price of gasoline is up seven-tenths of a cent at $2.218 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) reported earnings on 11/1/2016 before the market open of $0.61, missing estimates calling for $0.62 per share.

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

General Electric (GE)

General Electric (GE) is down -8.54% year-to-date.

Financial Calendar

0730 ET Oct Challenger job cuts, Sep -24.7% y/y.

0830 ET Weekly initial unemployment claims expected -2,000 to 256,000, previous -3,000 to 258,000. Weekly continuing claims expected +4,000 to 2.043 million, previous -15,000 to 2.039 million.

0830 ET Q3 non-farm productivity expected +2.1%, Q2 -0.6%. Q3 unit labor costs expected +1.2%, Q2 +4.3%.

0830 ET USDA weekly Export Sales.

0945 ET Final-Oct Markit U.S. services PMI expected unch at 54.8, prelim-Oct +2.5 to 54.8. Final-Oct Markit U.S. composite PMI, prelim-Oct +2.6 to 54.9.

1000 ET Oct ISM non-manufacturing PMI expected -1.1 to 56.0, Sep +5.7 to 57.1.

1000 ET Sep factory orders expected +0.2%, Aug +0.2% and unch ex-transportation.

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