Boeing $BA Raises Earnings Outlook on Higher Defense & Aerospace Revenue

Boeing $BA reported better than expected third quarter earnings, beating expectations and raising guidance before the market open Wednesday. Boeing has been the best performing Dow stock in 2017 and has benefited more than most from the Trump Administration.

EIA Oil Inventories 856k Crude Build +908k Gasoline -5465k Draw

Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.

Deja Vu as Caterpillar Earnings Beat, Raises Guidance $CAT Soars 7%

Global industrial equipment manufacturer Caterpillar $CAT reported better than expected third quarter 2017 earnings before the market open Tuesday. $CAT followed up Q1 & Q2 where it crushed earnings and also raised guidance. Shares soared 7% in the pre market.

Honeywell $HON Beat Earnings, Raised Guidance on Aerospace Strength

Industrial and aerospace heavyweight Honeywell $HON reported better than expected earnings on Friday before the market opened and reffirmed guidance.  Just last week Honeywell confirmed it would split two noncore units into separate publicly traded companies by years end.

Labor Markets Tight But Still Modest Wage Pressure – Federal Reserve Beige Book

The Federal Reserve released it’s Biege Book Wednesday with the focus on wages and labor markets. The labor market continues to confound the bankers as despite a tight labor market restraining growth wage pressure remains modest.