The Dow Market Happenings For Tuesday, November 3, 2020

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +417 points.

Monday the Dow was up +423.45 (+1.60%) at 26,925.05.

Year-to-date the Dow is down -5.65%.

There were 25 Dow stocks up Monday.

The Dow stock winners Monday were led by Honeywell (HON) 173.61 (+5.25%), Walgreens (WBA) 35.79 (+5.14%) and Dow (DOW) 47.82 (+5.12%).

The Dow stock losers Monday were led by Disney (DIS) 120.13 (-0.92%), McDonald’s (MCD) 212.56 (-0.21%) and Apple (AAPL) 108.77 (-0.08%).

Welcome to the 2020 Presidential Election Day USA! It’s probably going to be a wild one.

Investors are expecting Biden to prevail over Republican incumbent President Donald Trump, and for Democrats to retake the Senate and keep control of the House of Representatives. Investors also believe a “blue wave” of Democrat victories would lift the chances of a comprehensive stimulus deal getting passed in the winter. Stimulus is desperately needed again and has been denied by the Republican controlled House.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.122 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

Verizon (VZ)

Verizon (VZ) 57.70 (+1.25%) is down -6.03% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. Verizon has provided a +18.14% gain off the YTD low.

Financial Calendar

8:55 AM ET Redbook

10:00 AM ET Factory Orders

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

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