DJIA Market Happenings For Thursday, November 16, 2017

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Merck (MRK).

The Market

Premarket today, the Dow was indicated to open up +74 points.

Wednesday the Dow was down -138.19 (-0.59%) at 23,271.28.

Year-to-date the Dow is up +17.75%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by General Electric (GE) +2.01% and Nike (NKE) +1.16%. NOTE: General Electric (GE) was the top Dow Stock loser yesterday (-5.89%).

The Dow stock losers Wednesday were led by Caterpillar (CAT) -2.50% and Visa (V) -1.54%.

Cisco Systems (CSCO +0.21%) climbed over 4% in after-hours trading after it reported Q1 adjusted EPS of 61 cents, above consensus of 60 cents, and then said it sees Q2 adjusted EPS of 58 cents to 60 cents, the mid-point above consensus of 58 cents.

Procter & Gamble (PG -0.72%) rose 3% in after-hours trading after a recount showed billionaire investor Nelson Peltz had secured enough votes for a seat on Procter & Gamble’s board.

Wal-Mart Stores (WMT -1.38%) rose nearly 3% in premarket trading after it reported Q3 adjusted EPS of $1.00, better than consensus of 98 cents, and then raised guidance on full-year EPS to $4.38-$4.46 from an Oct 10 view of $4.30-$4.40, the mid-point above consensus of $4.38.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down two-tenths of a cent at $2.562 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.

Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.

3M (MMM) reported earnings on 10/24/2017 before the market open of $2.33, beating estimates of $2.253 per share.

Caterpillar (CAT) reported earnings on 10/24/2017 before the market open of $1.95, beating estimates of $1.301 per share.

McDonald’s (MCD) reported earnings on 10/24/2017 before the market open of $2.32, beating estimates of $1.792 per share.

United Technologies (UTX) reported earnings on 10/24/2017 before the market open of $1.73, beating estimates of $1.719 per share.

Boeing (BA) reported earnings on 10/25/2017 before the market open of $2.72, beating estimates of $2.709 per share.

Coca Cola (KO) reported earnings on 10/25/2017 before the market open of $0.50, meeting estimates of $0.495 per share.

Visa (V) reported earnings on 10/25/2017 before the market open of $0.90, beating estimates of $0.884 per share.

Intel (INTC) reported earnings on 10/26/2017 after the market close of $1.01, beating estimates of $0.815 per share.

Microsoft (MSFT) reported earnings on 10/26/2017 after the market close of $0.84, beating estimates calling for $0.781 per share.

Chevron (CVX) reported earnings on 10/27/2017 before the market open of $1.03, meeting expectations of $1.026 per share.

Merck (MRK) reported earnings on 10/27/2017 before the market open of $1.11, beating estimates calling for $1.04 per share.

Exxon Mobil (XOM) reported earnings on 10/27/2017 before the market open of $0.93, beating estimates of $0.885 per share.

Pfizer (PFE) reported earnings on 10/31/2017 before the market open of $0.67, barely beating estimates calling for $0.662 per share..

Apple (AAPL) reported earnings on 11/2/2017 after the market close of $2.07, beating estimates of $1.899 per share.

Disney (DIS) reported earnings on 11/9/2017 after the market close of $1.07, missing estimates calling for $1.16 per share.

Home Depot (HD) reported earnings on 11/14/2017 before the market open of $1.84, meeting expectations of $1.835 per share.

Cisco (CSCO) reported earnings on 11/15/2017 after the market close of $0.61, meeting estimates calling for $0.611 per share.

Wal-Mart (WMT) reported earnings on 11/16/2017 before the market open of $1.00, beating estimates of $0.988 per share.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +43.94% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -4,000 to 235,000, previous +10,000 to 239,000. Weekly continuing claims expected -1,000 to 1.900 million, previous +17,000 to 1.901 million.

0830 ET Nov Philadelphia Fed business outlook survey expected -3.3 to 24.6, Oct +4.1 to 27.9.

0830 ET Oct import price index expected +0.4% m/m and +2.5% y/y, Sep +0.7% m/m and +2.7% y/y. Oct import price index ex-petroleum expected +0.2%, Sep +0.3%.

0830 ET Oct export price index expected +0.4% m/m, Sep +0.8% m/m and +2.9% y/y.

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