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Apple, Starbucks and the Jobs Report - 5 Things You Must Know

1. -- U.S. stock futures were pointing to solid gains for Wall Street on Friday, Nov. 3, after Apple Inc. ( AAPL - Get Report) reported stronger-than-expected earnings and guidance and as investors awaited the release of the U.S. jobs report for October.

Economists surveyed by FactSet expect the U.S. to have added 308,000 jobs last month with the unemployment rate remaining steady at 4.2%.

The jobs report will be released at 8:30 a.m. ET. The economic calendar in the U.S. on Friday also includes International Trade for September at 8:30 a.m., and Factory Orders for September at 10 a.m.

U.S. stocks on Thursday, Nov. 2, finished mixed but the Dow Jones Industrial Average secured a fresh record close after Donald Trump made no waves by picking Federal Reserve Gov. Jerome Powell as his nominee to become the next chair of the U.S. central bank.

2. -- Apple Inc. ( AAPL - Get Report) was rising 3.1% in premarket trading on Friday after the iPhone maker reported blowout fiscal fourth-quarter earnings and gave upbeat guidance for the coming quarter, taming any fears that the company might see underwhelming iPhone sales.

Shares of Apple were trading at $173.36 in premarket trading, pushing the tech giant's market cap even closer to crossing the $900 billion threshold. The stock has risen more than 45% so far in 2017.

On the company's conference call following the release of the results on Thursday, CEO Tim Cook said Apple was "bullish' on the holiday season.

"This is going to be the best holiday season yet," Cook said.

For the seasonally big December quarter, Apple guided for revenue of $84 billion to $87 billion, implying 9% growth at the midpoint and in-line with analysts' estimates of $85.2 billion.

3. -- Starbucks Corp. ( SBUX - Get Report) shares fell 2.5% in premarket trading after the coffee retailer posted fiscal fourth-quarter sales below expectations.


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