DJIA Market Happenings For Monday, October 30, 2023 – UnitedHealth (UNH) 524.66 Down -1.04% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Chevron (CVX) 144.35 (-6.72%), Goldman Sachs (GS) 289.91 (-2.38%), Home Depot (HD) 276.46 (-0.55%) and Johnson & Johnson (JNJ) 145.60 (-2.28%).

The Market

Premarket today, the Dow was indicated to be up +214 points.

Friday the Dow closed down -366.71 (-1.12%) at 32,417.59.

Year-to-date the Dow is down -2.20%.

Friday, (8) Dow stocks were up, (4) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Friday were led by Intel (INTC) 35.54 (+9.29%), Apple (AAPL) 168.22 (+0.80%) and Microsoft (MSFT) 329.81 (+0.59%).

The Dow stock losers Friday were led by Chevron (CVX) 144.35 (-6.72%), JPMorgan (JPM) 135.69 (-3.60%) and Amgen (AMGN) 261.57 (-3.02%).

The VIX closed Friday at 21.27 (+2.85%) and the 10 YR at 4.876 (+0.66%). The VIX is currently at 20.69 (-2.73%). The 10YR is at 4.891 (+0.97%).

This week we get a Federal Reserve rate decision, jobs report and Apple’s earnings report. The central bank is widely expected to hold its benchmark interest rate at the same level. Apple (AAPL) will report earnings Thursday after the bell. And of course, Friday brings us the Jobs report.

McDonald’s (MCD) gained 2% in the premarket after reporting third-quarter results that topped analyst expectations as price hikes bolstered U.S. same-store sales. The company earned an adjusted $3.19 per share on revenue of $6.69 billion. Analysts expected a profit of $3 per share on revenue of $6.58 billion. Same-store sales, a key metric for restaurants, grew by 8.8% globally during the quarter, beating a forecast of 7.8%.

U.S. futures are mixed, European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down two-tenths of a cent at $3.494 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/28/23 after the market close with $0.94, beating estimates of $0.739 per share.

Walgreens (WBA) reported earnings on 10/12/23 before the market open with $0.67, beating estimates of $0.682.

JPMorgan (JPM) reported earnings on 10/13/23 before the market open with $4.33, beating estimates of $3.96 per share.

UnitedHealth (UNH) reported earnings on 10/13/23 before the market open with $6.56, beating estimates of $6.327 per share.

Goldman Sachs (GS) reported earnings on 10/17/23 before the market open with $5.47, beating estimates of $5.31 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/23 before the market open with $2.66, beating estimates of $2.524 per share.

Travelers (TRV) reports earnings on 10/18/23 before the market open with $1.95, missing estimates of $2.932 per share.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open with $1.83, beating estimates of $1.71per share.

American Express (AXP) reported earnings on 10/20/23 before the market open with $3.30, missing estimates of $2.961 per share.

3M (MMM) reported earnings on 10/24/23 before the market open with $2.68, beating estimates of $2.335 per share.

Coca Cola (KO) reported earnings on 10/24/23 before the market open with $0.74, beating estimates of $0.687 per share.

Dow (DOW) reported earnings on 10/24/23 before the market open with $0.48, beating estimates of $0.435 per share.

Verizon (VZ) reported earnings on 10/24/23 before the market open with $1.22, beating estimates of $1.174 per share.

Microsoft (MSFT) reported earnings on 10/24/23 after the market close with $2.99, beating estimates of $2.65 per share.

Visa (v) reported earnings on 10/24/23 after the market close with $2.33, beating estimates of $2.233 per share.

Boeing (BA) reported earnings on 10/25/23 before the market open with -$3.26, missing estimates of -$3.205 per share.

IBM (IBM) reported earnings on 10/25/23 after the market close with $2.20, beating estimates of $2.12 per share.

Honeywell (HON) reported earnings on 10/26/23 before the market open with $2.27, beating estimates of $2.224 per share.

Merck (MRK) reported earnings on 10/26/23 before the market open with $2.13, beating estimates of $1.942 per share.

Intel (INTC) reported earnings on 10/26/23 after the market close with $0.41, beating estimates of $0.034per share.

Chevron (CVX) reported earnings on 10/27/23 before the market open with $3.05, missing estimates of $3.678 per share.

McDonald’s (MCD) reports earnings on 10/30/23 before the market open.

Amgen (AMGN) reports earnings on 10/31/23 before the market open.

Caterpillar (CAT) reports earnings on 10/31/23 before the market open.

Apple (AAPL) reports earnings on 11/2/23 after the market close.

Disney (DIS)) reports earnings on 11/8/23 after the market close.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 524.66 (-0.70%) is down -1.04% in 2023.

Financial Calendar

10:30 AM ET Dallas Fed Mfg Business Index (Oct), -18.1
11:30 AM ET 3-Month Bill Auction, 5.310%
11:30 AM ET 6-Month Bill Auction, 5.325%

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