The Dow Market Happenings For Friday, November 4, 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 +3 points.

Thursday the Dow was down -28.97 (-0.16%) at 17,930.67.

Year-to-date the Dow is up +2.90%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Disney (DIS) +1.59% and 3M (MMM) +0.66%.

The Dow stock losers Thursday were led by Pfizer (PFE) -2.42% and Intel (INTC) -1.94%.

The U.S. economy added 161,000 jobs in October, a solid gain. Jobs added during the previous month were also revised up substantially by the Labor Department. Unemployment fell a tick to 4.9%. That’s down by half since 2009, when unemployment peaked at 10%. October’s gains marked the 73rd consecutive month of job gains for the U.S. economy. The September job gains were revised up to 191,000 jobs from the first read of 156,000.
Wage growth, one of the last metrics to move in the right direction post-recession, continued to show signs of accelerating. Wages grew 2.8% in October compared to a year ago, the fastest monthly growth since June 2009.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up six-tenths of a cent at $2.224 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

Goldman Sachs (GS)

Goldman Sachs (GS) is down -2.23% year-to-date.

Financial Calendar

0830 ET Oct non-farm payrolls expected +175,000, Sep +156,000. Oct private payrolls expected +170,000, Sep +167,000. Oct manufacturing payrolls expected -5,000, Sep -13,000. Oct unemployment rate expected -0.1 to 4.9%, Sep +0.1 to 5.0%.

0830 ET Oct avg hourly earnings expected +0.3% m/m and +2.6% y/y, Sep +0.2% m/m and +2.6% y/y. Oct avg weekly hours all employees expected unch at 34.4 hours, Sep +0.1 to 34.4 hours.

0830 ET Sep trade balance expected -$38.0 billion, Aug -$40.7 billion.

0845 ET Atlanta Fed President Dennis Lockhart (non-voter) speaks at the National Association of Realtors Conference Expo.

1300 ET Dallas Fed President Robert Kaplan (non-voter) speaks at an Association of Banks of Mexico forum.

1600 ET Fed Vice Chair Stanley Fischer speaks at an IMF event in Washington, D.C.

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