Craig Johnson’s

Market Brief

Tuesday, November 4, 2014

Stocks started off November with mixed results in quiet trade. The market bias remains higher, but a pullback can come at any time. A large number of companies will be reporting earnings this week. Also this week, numerous economic reports are scheduled to be released with the always important employment data due out on Friday. The price of oil closed below $78 a barrel yesterday.




November 3 - Monday

ISM Index, October (10:00): 59.0 versus 56.2 expected, 56.6 prior

Construction Spending, September (10:00): -0.4% actual versus 0.7% expected,

-0.4% prior (from -0.8%)

Auto Sales, October (2:00): 5.6M prior

Truck Sales, October (2:00): 7.5M prior


November 4 - Tuesday

Trade Balance, September (8:30): -$40.1B expected, -$40.1B prior

Factory Orders, September (10:00): -0.5% expected, -10.1% prior


November 5 - Wednesday

MBA Mortgage Index, 11/01 (7:00): -6.6% prior

ADP Employment Change, October (8:15): 220K expected, 213K prior

ISM Services, October (10:00): 58.0 expected, 58.6 prior

Crude Inventories, 11/01 (10:30): 2.061M prior


November 6 - Thursday

Challenger Job Cuts, October (7:30): -24.4% prior

Initial Claims, 11/01 (8:30): 285K expected, 287K prior

Continuing Claims, 10/25 (8:30): 2380K expected, 2384K prior

Productivity-Preliminary, Q3 (8:30): 1.4% expected, 2.3% prior

Unit Labor Costs, Q3 (8:30): 0.9% expected, -0.1% prior

Natural Gas Inventories, 11/01 (10:30): 87 bcf prior


November 7 - Friday

Nonfarm Payrolls, October (8:30): 235K expected, 248K prior

Nonfarm Private Payroll, October (8:30): 228K expected, 236K prior

Unemployment Rate, October (8:30): 5.9% expected, 5.9% prior

Hourly Earnings, October (8:30): 0.2% expected, 0.0% prior

Average Workweek, October (8:30): 34.6 expected, 34.6 prior

Consumer Credit, September (3:00): $16.0B expected, $13.5B prior

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.  

Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.