DJIA Market Happenings For Friday, November 11, 2016

Dow stocks at 52 week highs include Caterpillar (CAT), Chevron (CVX), Goldman Sachs (GS), JPMorgan (JPM), Merck (MRK), Visa (V) and UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -31 points.

Thursday the Dow was up +218.19 (+1.17%) at 18,807.88.

Year-to-date the Dow is up +7.94%.

There were 19 Dow stocks up Thursday.

The Dow stock winners Thursday were led by JPMorgan (JPM) +4.64%, Goldman Sachs (GS) +4.28%, Pfizer (PFE) +4.27%, IBM (IBM) +3.49% and United Technologies (UTX)+3.43%. Other Dow winners included UNH, GE, TRV, CAT, HD, MMM, AXP, BA, DD, MRK, XOM, WMT, DIS and CVX.

The Dow stock losers Thursday were led by Procter & Gamble (PG) -3.46%, Coca Cola (KO) -3.15%, Apple (AAPL) -2.79%, Verizon (VZ) -2.44% and Microsoft (MSFT). Other Dow losers included V, NKE, CSCO, INTC, JNJ and MCD.

Offhand I’d say that if you are a buyer, you want to be in today’s Dow stock winners list and look past the losing list.

The Russell 2000 tacked on another +1.58% with the VIX rising +2.50% to close at 14.74.

Walt Disney (DIS +0.34%) is up nearly 2% in premarket trading after CEO Oger said he sees modest growth in 2017 and said online ESPN will be more user-friendly. Disney initially was down 3% in after-hours trading after it reported Q4 revenue of $13.1 billion, below consensus of $13.5 billion.

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

The national average price of gasoline is down nine-tenths of a cent at $2.187 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) reported earnings on 11/10/2016 after the market close of $1.10, missing estimates calling for $1.15 per share.

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

JPMorgan (JPM)

JPMorgan (JPM) is up +16.08% year-to-date.

Financial Calendar

0900 ET Fed Vice Chair Stanley Fischer will speak via video link on U.S. monetary policy and the global economy to a conference of the Central Bank of Chile.

1000 ET Preliminary Nov University of Michigan U.S. consumer sentiment index expected +0.8 to 88.0, Oct -4.0 to 87.2.

n/a Veterans Day holiday, cash Treasury trading closed, exchanges open

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