DJIA Market Happenings For Friday, November 6, 2020

Dow stocks hitting 52 week highs include Honeywell (HON) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +82 points.

Thursday the Dow was up +542.52 (+1.95%) at 28,390.18.

Year-to-date the Dow is down -0.52%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Dow (DOW) 48.97 (+5.43%), Caterpillar (CAT) 163.09 (+5.06%) and JPMorgan (JPM) 104.35 (+4.09%).

The Dow stock losers Thursday were Merck (MRK) 80.46 (-0.20%), UnitedHealth (UNH) 354.40 (-0.05%) and Intel (INTC) 45.6+8 (-0.04%).

Dow futures turned positive Friday after a strong government employment report and news that Democrat Joe Biden pulled ahead of President Donald Trump in Pennsylvania in addition to Georgia.

Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today.

The U.S. recorded 121,888 new cases of Covid-19 on Thursday, the highest single-day increase ever. New daily infections topped 100,000 for the first time Wednesday, with 102,831 confirmed.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $2.119 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 Thursday 11/12/2020 after the market close.

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

Home Depot (HD) reports earnings on Tuesday 11/17/2020 before the market open.

Walmart (WMT) reports earnings on Tuesday 11/17/2020 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) 119.03 (+3.55%) is up +62.14% year-to-date. Apple (AAPL) YTD low was 53.15 on 03/23/2020. Apple has provided a +123.95% gain off the YTD low.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Wholesale Inventories (Preliminary)

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Consumer Credit

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