DJIA Market Happenings For Monday, November 2, 2020

There are no Dow stocks hitting 52 week highs. Dow stock 52 week lows include Intel (INTC) and Walgreens (WBA).

The Market

Premarket today, the Dow was indicated to open up +345 points.

Friday the Dow was down -157.51 (-0.59%) at 26,501.60.

Year-to-date the Dow is down -7.14%.

There were 13 Dow stocks up Friday.

The Dow stock winners Friday were led by IBM (IBM) 111.66 (+2.53%), Walgreens (WBA) 34.04 (+1.55%) and Caterpillar (CAT) 157.05 (+1.54%).

The Dow stock losers Friday were led by Apple (AAPL) 108.86 (-5.60%), Boeing (BA) 144.39 (-2.63%) and Nike (NKE) 120.08 (-2.26%).

Heading into Election Day, former Vice President Joe Biden is the clear frontrunner in the race for the White House. If he wins, and Democrats retake control of the Senate, a growing number of Wall Street analysts think markets could benefit.

Prime Minister Boris Johnson announced Saturday England is closing all nonessential businesses for the next four weeks after more than 22,600 weekly Covid-19 cases were reported for the U.K., far higher than its first peak of 4,800 average weekly cases in the spring. People will be ordered to stay at home unless it’s for essential purposes.

The U.S. is also has rising new coronavirus infections. The nation reported 99,321 new Covid-19 cases on Friday, beating its previous record set only a day prior. The top five records in daily cases have all been reported within the last eight days.

Ahead of Tuesday’s election, Joe Biden holds a substantial national lead over President Donald Trump. The former vice president garnered 52% of support from registered voters versus 42% for the president.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.129 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reported earnings on Tuesday 10/13/2020 before the market open of $2.20, beating estimates calling for $1.987 per share.

JPMorgan (JPM) 96.27 (+0.96%) reported earnings on Tuesday 10/13/2020 before the market open of $2.92, beating estimates calling for $2.353 per share.

Goldman Sachs (GS) reported earnings on Wednesday 10/14/2020 before the market open of $9.68, beating estimates calling for $5.57 per share.

UnitedHealth (UNH) reported earnings on Wednesday 10/14/2020 before the market open of $3.51, beating estimates of $2.981 per share.

Walgreens (WBA) reported earnings on Thursday 10/15/2020 before the market open of $1.02, beating estimates of $0.96 per share.

IBM (IBM) reported earnings on Monday 10/19/2020 after the market close of $2.58, beating estimates calling for $2.545 per share.

Procter & Gamble (PG) reported earnings on Tuesday 10/20/2020 before the market open of $1.63, beating estimates of $1.428 per share.

Travelers (TRV) reported earnings on Tuesday 10/20/2020 before the market open of $3.12, beating estimates of $2.907 per share.

Verizon (VZ) reported earnings on Wednesday 10/21/2020 before the market open of $1.25, beating estimates of $1.217 per share.

Dow (DOW) reported earnings on Thursday 10/22/2020 before the market open of $0.50, beating estimates of $0.33 per share.

Coca Cola (KO) reported earnings on Thursday 10/22/2020 before the market open of $0.55, beating estimates of $0.454 per share.

Intel (INTC) reported earnings on Thursday 10/22/2020 after the market close of $1.11, meeting (slightly beating) expectations of $1.103 per share.

American Express (AXP) reported earnings on Friday 10/23/2020 before the market open of $1.30, missing estimates of $1.39 per share.

3M (MMM) reported earnings on Tuesday 10/27/2020 before the market open of $2.43, beating estimates of $2.27 per share.

Merck (MRK) reported earnings on Tuesday 10/27/2020 before the market open of $1.74, beating estimates of $1.442 per share.

Microsoft (MSFT) reported earnings on Tuesday 10/27/2020 after the market close of $1.82, beating estimates of $1.528 per share.

Boeing (BA) reported earnings on Wednesday 10/28/2020 before the market open of -$1.39, beating estimates of -$2.334 peer share.

Amgen (AMGN) reported earnings on Wednesday 10/28/2020 after the market close of $4.37, beating estimates of $3.746 per share.

Visa (V) reported earnings on Wednesday 10/28/2020 after the market close of $1.12, beating estimates of $1.092 per share.

Apple (AAPL) reported earnings on Thursday 10/29/2020 after the market close of $0.73, beating estimates of $0.691 per share.

Chevron (CVX) reported earnings on Friday 10/30/2020 before the market open of $0.11, beating estimates of -$0.0287 per share.

Honeywell (HON) reported earnings on Friday 10/30/2020 before the market open of $1.56, beating estimates of $1.486 per share.

McDonald’s (MCD) reports earnings on Monday 11/09/2020 before the market open.

Cisco (CSCO) reports earnings on 11/12/2020 after the market close.

Disney (DIS) reports earnings on 11/12/2020 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 181.71 (-1.71%) is down -3.29% year-to-date. Visa (V) YTD low was 133.93 on 3/23/2020. Visa has provided a +35.68% gain off the YTD low.

Financial Calendar

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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