The Dow Market Happenings For Thursday, November 14, 2019

Dow stocks at 52 week highs include Apple (AAPL), Disney (DIS) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -35 points.

Wednesday the Dow was up +92.10 (+0.333%) at 27,783.59.

Year-to-date the Dow is up +19.10%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) +7.32%, Nike (NKE) +2.00% and Walmart (WMT) +1.56%.

The Dow stock losers Wednesday were led by Dow (DOW) -2.72%, Caterpillar (CAT) -1.26% and Pfizer (PFE) -1.00%.

Unemployment insurance weekly claims in the week ending November 9, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 14,000 from the previous week’s unrevised level of 211,000. The 4-week moving average was 217,000, an increase of 1,750 from the previous week’s unrevised average of 215,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 2, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 2 was 1,683,000, a decrease of 10,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,689,000 to 1,693,000. The 4-week moving average was 1,687,750, unchanged from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 1,686,750 to 1,687,750.

Walmart (WMT) quarterly earnings top estimates, thanks to strength in the U.S. Sales fall slightly short of estimates, but Walmart raises its annual earnings outlook for the full year. See earnings section below.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down two-tenths of a cent at $2.607 per gallon.

Earnings Reports

Cisco (CSCO) reported earnings on 11/13/2019 after the market close of $0.84, beating estimates of $0.826 per share.

Walmart (WMT) reported earnings on 11/14/2019 before the market open of $1.17, beating estimates calling for $1.117 per share.

Home Depot (HD) reports earnings on 11/19/2019 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +23.13% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET PPI-FD

10:00 AM ET Jerome Powell Speaks

10:30 AM ET EIA Natural Gas Report

11:00 AM ET EIA Petroleum Status Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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