The Dow Market Happenings For Wednesday, November 16, 2016

Dow stocks at 52 week highs include Chevron (CVX) and UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -57 points.

Tuesday the Dow was up +54.37 (+0.29%) at 18,923.06.

Year-to-date the Dow is up +8.60%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Verizon (VZ) +2.58% and Chevron (CVX) +2.22%.

The Dow stock losers Tuesday were led by Home Depot (HD) +2.56% and Boeing (BA) -1.25%.

Cisco (CSCO) reports earnings tonight after the close.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $2.149 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) reported earnings on 11/15/2016 before the market open of $1.60, beating estimates calling for $1.576 per share.

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

Microsoft (MSFT)

Microsoft (MSFT) is up +6.11% year-to-date.

Financial Calendar

0345 ET St. Louis Fed President James Bullard (voter) speaks on a panel to the UBS European Conference in London about Monetary Policy after QE: Helicopter Money of Back to Raising Rates?

0700 ET Weekly MBA mortgage applications, previous -1.2% with purchase sub-index +1.4% and refi sub-index -2.7%.

0745 ET Minneapolis Fed President Neel Kashkari (non-voter) unveils the Feds plan to end too-big-to fail banking in a speech before the Economic Club of New York.

0830 ET Oct PPI final demand expected +0.3% m/m and +1.2% y/y, Sep +0.3% m/m and +0.7% y/y. Oct PPI ex food & energy expected +0.2% m/m and +1.6% y/y, Sep +0.2% m/m and +1.2% y/y.

0915 ET Oct industrial production expected +0.2%, Sep +0.1%. Oct manufacturing production expected +0.3%, Sep +0.2%. Oct capacity utilization expected +0.1 to 75.5%, Sep +0.1 to 75.4%.

1000 ET Nov NAHB housing market index expected unch at 63, Oct -2 to 63.

1030 ET EIA Weekly Petroleum Status Report.

1730 ET Philadelphia Fed President Patrick Harker (non-voter) speaks on the purposes and functions of the Federal Reserve at an event in Philadelphia.

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