Breaking news: Numbers are just out for the September jobs report. The Labor Department says there were 148,000 jobs created during the month, well below expectations which were for about 180,000 jobs. The unemployment rate unexpectedly dipped to 7.2% from 7.3%.
The report was delayed 18 days because of the government shutdown, but keep in mind it won't be until next month that we'll get employment numbers from during the shutdown period. Hot Stock Minute host Lauren Lyster gets instant analysis of the report from Senior Columnist Mike Santoli and Editor-in-Chief Aaron Task in the video above.
STOCKS TO WATCH
Netflix (NFLX) hit a new high on its earnings which came out after yesterday's closing bell. The stock is currently up 9.5% in early trading. Netflix says it made 52-cents for the quarter, 3-cents better than estimates. Revenues were also slightly above the consensus at $1.11 billion. Perhaps more important, Netflix now has more than 31-million customers in the U.S. That's a rise of 1.3-million since the last quarter, and the company says it expects to maintain the current growth rate. Shares of Netflix are up 286% year-to-date, even prior to the gains we're seeing at this hour.
Three Dow components reported earnings this morning: Dupont (DD), Travelers (TRV), and United Technologies (UTX). Looking at all-three alphabetically, Dupont beat by 4-cents a share for the quarter with adjusted earnings of 45-cents a share. Sales also topped estimates. Travelers beat on earnings. But revenues fell shy of expectations at $5.71-billion. Nevertheless it has been trading up more than 2% on this report. As for United Technologies, it was down about 2% on a revenue miss, but has now moved into the green. Sales were nearly $700-million short of estimates though earnings beat by a penny.
Among the other companies reporting this morning: Coach (COH), Delta Airlines (DAL), Harley Davidson (HOG), Kimberly-Clark (KMB), Lockheed Martin (LMT) and Whirlpool (WHR) which has shot up more than 6% in the premarket on its earnings.
Two NASDAQ companies, Amgen (AMGN) and Panera (PNRA), report after the closing bell. Panera will be interesting to watch because this stock is basically unchanged for the year, up less than .5%. It previously had quite a run-up, rising 328% over the last five years. But the company has recently gotten some downgrades. It has also been facing increased pressure from Starbucks which has revamped its food offerings.
Apple (AAPL) is up again this morning following a climb of almost 2.5% yesterday. Today's the day the company is expected to unveil a new iPad. Yesterday's climb came in part on an upgrade from Société Générale, which predicts Apple will soon report strong sales for its iPhone 5s. Apple goes into today's regular session up more than 5% over the last week. At this point it's down about 5-percent year-to-date. Not too terrible, though a year ago shares were at $634. By the way Nokia also unveiled its first-ever tablet today, and Microsoft which is buying Nokia's device unit will start selling its latest Surface tablet today.