Thursday, June 18, 2009

6/18 am INTEL INTC to Rebrand its Chips

The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report.

A read of today's (Thursday 6/18/09) print editions of: Wall Street Journal, New York Times, USA Today, Investor's Business Daily, Financial Times and Atlanta Journal Constitution yielded the following stories about Dow Jones 30 component companies:

Intel INTC leads the news with a story at pB5 of today's WSJ, Technology Section, saing that Intel is changing the branding on its computer chips, including phasing out the high-profile logo Centrino to identify a set of technologies in laptop computers.

Also @ pB5 of WSJ is a story entitled "AT&T Alters IPhone Policy" explaining that T AT&T will allow some current iPhone owners to upgrade to a new model at the same price as new buyers when it is released Friday. This info also appeared in a story in today's AJC @pA13. Today's NYT at pB1 has a story assessing the new iPhone 3G which will hit stores Fri. Walter S. Mossberg at WSJ pD1 has a story on the new iPhone. USA Tdoay at p3B has a similar story.

AJC's front page today has a story mentioning JPM JP Morgan and BAC Bank of Am. as two of the 10 big banks that will start to repay $70 billion of bailout money. At pB7 of today's NYT JPM is mentioned in an article related to this pay-back. At pC2 BAC Bank of Am. is said to be creating vehicles to repackage existing CMBS, commercial-mortgage-backed securities, with more protection to bondholders which will breathe life into the CMBS market.

WSJ @ pB5 has a story about Bing, the search engine that MSFT Microfsoft is heavily promoting with a $100 million advertising campaign noting that Bling helped MSFT notch a second straight week of gains in the online-search market, rising to 12.1% in the second week of June, up from an 8% share in May prior to Bling's release. A similar story is at pA2 and pA5 of todays Investor's Business Daily IBD.

Dis Walt Disney is mentioned at pB5 of today's WSJ in a story, "Asustek to Make Disney Netbook" that says Asustek is launching a Disney-branded netbook aimed at children. The $350 netbook will include Dis software featuring Dis characters. The Disney Netpal is designed for children 6 to 12 and will be in stores in late July. A similar story is at pA2 of todays Investor's Business Daily IBD.

WSJ at pC1 blames yesterday's Dow fall on BAC Bank of Am leading the decline by losing 3.4% and AXP Amex lost 3%. It says PFE Pfizer was the biggest percentage gainer, up 3%. WSJ's large stock focus column @ C6 says the MSFT Microsfot helped keep Nasdaq in the black yesterday. JPM is mentioned as falling 2.3% to 32.73 on news it was repaying back some TARP funds. PFE and MRK Merck were mentioned in an article on the market at p26 of today's Fin. Times FT saying PFE and MRK, rising 1.4% to 24.77, demonstrated a strong performance yesterday from drug makers.

The lead story in several of the papers was Obama's proposal for sweeping overhaul of financial rules which generally, according to the stories, will level the playing field for large banks currently under the microscope such as BAC Bank of Am.

WSJ at pC10 has a story entitled "Obama Rules Could Mean Shock for GE" saying that GE's lending arm, GE Capital, isn't a bank-holding company like JPM JPMorgan, for example, so, as a result, GE Capital, becasue of its size and reach, would likely be classified as systemically important thus facing a stricter regulatory regime.

IBD at pA2 says IBM will spend $100 mil over 5 years to develop new services for handhelds. Same page, IBD says BA Boeing finally joined the orders race on the third day of the Paris Air Show, securing 2 orders for jets valued at $153 mil.

IBD @ pA2 says JNJ Johnson & Johnson said it has joined the nonprofit Global Aliance for TB Drug Development to speed commercialization of its experimental tuberculosis drug - TMC207.

The Dow closed Tuesday at 8497.18 down 7.49 or 0.09% 13 of the Dow 30 lost value and 17 gained.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is
.132319125 unchanged.

Wednesday's Dow numerator was 1124.34 down .99 from Tuesday's Dow numerator which was 1,125.33. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor.

Now, if you divide the decrease of .99 in the Dow numerator by the divisor you get 7.49, the decrease in Wednesday's Dow.

The average closing price of Wednesday's Dow Jones was $37.47 down .04 from Tuesday's average closing price of $37.51. The median closing price of Wednesday's Dow Jones is $31.25.

The highest closing price Wednesday again was IBM at $107.00 down .32 from Tuesday's close and the lowest closing price Tuesday again was AA Alcoa at $10.49 down .41 from Monday's close of $11.99.

The lowest volume Wednesday was MMM $59.04 +0.63 up 1.08% at 3,824,344 shares and the highest volume was BAC Bank of America BAC $12.3 -0.43 3.38% at 441,792,600 shares.

If Wednesday morning before the market opened you had purchased $100 of each of the Dow 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $120 ($113,940 - $112,530).

Wednesday's Closing Dow closing numbers:

Symb/Last/Change/% Change/Vol./Market
T $24.14 -0.08 0.33% 27,884,448 NYSE
AA $10.49 -0.41 3.76% 41,683,981 NYSE
AXP $23.95 -0.74 3% 17,688,398 NYSE
BAC $12.3 -0.43 3.38% 441,792,600 NYSE
BA $48.55 -0.28 0.57% 4,853,065 NYSE
CAT $34.8 -0.76 2.14% 15,353,919 NYSE
CSCO $19.2 +0.12 0.63% 47,690,205 NASDAQ-GS
CVX $68.83 -1.05 1.5% 15,410,889 NYSE
KO $47.93 +0.10 0.21% 8,271,177 NYSE
DIS $23.68 +0.19 0.81% 8,531,309 NYSE
DD $24.8 -0.40 1.59% 10,046,508 NYSE
XOM $71.42 -0.21 0.29% 29,639,808 NYSE
GE $12.25 -0.53 4.15% 128,698,910 NYSE
HPQ $37.42 +0.58 1.57% 16,839,784 NYSE
HD $23.65 +0.45 1.94% 18,967,151 NYSE
INTC $16.14 +0.28 1.77% 58,694,434 NASDAQ-GS
IBM $107 -0.32 0.3% 7,327,006 NYSE
JPM $32.73 -0.77 2.3% 65,379,683 NYSE
JNJ $55.2 +0.58 1.06% 11,658,181 NYSE
KFT $24.88 +0.07 0.28% 13,183,737 NYSE
MCD $57.37 +0.30 0.53% 7,179,870 NYSE
MRK $24.77 +0.34 1.39% 23,412,134 NYSE
MSFT $23.68 +0.23 0.98% 85,500,645 NASDAQ-GS
PFE $14.58 +0.42 2.97% 54,548,128 NYSE
PG $50.01 -0.09 0.18% 12,610,599 NYSE
MMM $59.04 +0.63 1.08% 3,824,344 NYSE
TRV $42.51 +0.14 0.33% 4,756,766 NYSE
UTX $54.68 +0.10 0.18% 5,594,533 NYSE
VZ $29.78 +0.24 0.81% 12,257,975 NYSE
WMT $48.56 +0.31 0.64% 19,203,845 NYSE