Wednesday, June 10, 2009

6/10/09 Dow Drops 24.04 to close at 8739.02 down 0.27%

The following is brought to you by Intellivest Securities Research, Inc. Because ISR happens to be affiliated with a broker-dealer I must tell you that the following is not intended as advertising by a broker-dealer and is not a research report.

The Dow closed today, June 10, 2009 at 8739.02 down 0.27%.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is
Today's numerator is 1,156.34. This is the sum of all 30 closing prices. A short cut is to multiply the closing Dow (8739.02) by the Divisor (.132319125)
The average closing price of today's Dow Jones is $38.54

If this morning before the market opened you had purchased $100 of each of the Dow 30shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $330 ($115,950 - $115,620).

Today's Closing Prices June 10, 2009 of the Dow Jones Industrial Average:

Symb/Last/Change/% Change/Vol./ Market
T $24.28 0.07 0.29% 33,385,111 NYSE
AA $11.49 0.34 3.05% 47,457,234 NYSE
AXP $26.69 0.24 0.89% 18,006,450 NYSE
BAC $11.98 0.08 0.66% 326,723,709 NYSE
BA $52.3 0.05 0.1% 6,553,939 NYSE
CAT $37.62 0.62 1.62% 14,913,324 NYSE
CVX $70.22 0.03 0.04% 14,334,584 NYSE
CSCO $19.95 0.13 0.65% 58,337,750 NASDAQ-GS
KO $48.41 0.68 1.39% 14,111,836 NYSE
DIS $25.1 0.23 0.91% 11,764,366 NYSE
DD $26.77 0.16 0.59% 9,253,646 NYSE
XOM $73.84 0.72 0.98% 27,332,935 NYSE
GE $13.4 0.17 1.25% 81,781,411 NYSE
HPQ $36.79 0.05 0.14% 14,149,410 NYSE
HD $24.39 0.04 0.16% 24,334,483 NYSE
INTC $16.46 0.04 0.24% 48,764,413 NASDAQ-GS
IBM $108.35 0.21 0.19% 7,570,955 NYSE
JPM $34.84 0.42 1.19% 60,117,922 NYSE
JNJ $55.66 0.04 0.07% 13,244,078 NYSE
KFT $25.85 0.36 1.37% 13,485,470 NYSE
MCD $58.36 0.72 1.22% 9,995,801 NYSE
MRK $25.59 0.13 0.51% 12,840,879 NYSE
MSFT $22.55 0.47 2.13% 61,145,770 NASDAQ-GS
PFE $14.05 0.08 0.57% 47,184,742 NYSE
PG $52.08 0.33 0.63% 12,885,071 NYSE
PG $52.08 0.33 0.63% 12,885,071 NYSE
MMM $60.46 0.12 0.2% 4,431,870 NYSE
TRV $43.77 0.27 0.61% 4,980,714 NYSE
UTX $55.5 0.02 0.04% 6,004,778 NYSE
VZ $29.53 0.11 0.37% 11,650,861 NYSE
WMT $50.06 0.55 1.09% 19,809,418 NYSE

A read of today's 6/10/09 print editions of: Wall Street Journal, New York Times, USA Today, Investor's Business Daily, Financial Times and Atlanta Journal Constitution yields the following stories about Dow Jones 30 component companies:

The front page of NTimes, WSJ, FT, IBD and at page 3B of USA Today report that the U.S. Treasury on Tuesday said 10 large banks can repay $68 billion of TARP money. Two of these banks are DJIA components, JPM JPMorgan Chase with $25 billion in loans, the leader, and AXP American Express with $3.4 Billion.

T AT&T is in the news at page B1 of WSJ and p. 16 of FT in reports that GM announced on Tuesday that Edward Whitacre, former chairman and ceo of ATT, will become GM's chairman upon exiting bankruptcy. T is also in an article along with MSFT Microsoft at NYTimes first business page discussing the Smartphone's rise from toy to necessity.

AXP American Express is mentioned at C5 of WSJ as moving the market yesterday by rising 1.28 or 5% to 26.93. Also mentioned in this Large Stock Focus article was JPM JPMorgan losing 13 cents to $35.26, INTC Intel rising .50 or 3.1% to 16.42. The NYTimes also mentioned AXP and BAC Bank of America performance yesterday as demonstrating a muted response from the Street to the repayment of TARP money. BAC was unchanged at $12.06.

BAC bank of America was also the subject of an article at p. B4 of today's NYTimes regarding a House committee announcement on Tuesday that it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's takeover of Merrill Lynch last year. Also, WSJ has an article at p. C2 about Fares Noujaim, one of the highest-ranking Merrill Lynch bankers left at BAC being promoted to vice chairman of corporate and investment banking at BAC. At the same page the WSJ reports the subpoena of records regarding BAC's acquisition of Merrill.

CSCO Cisco is discussed at p. B1 in USA Today in an article sentitled "Climate for tech mergers warms up." CSCO's CEO John Chambers is quoted.

KO Coke is the subject of an article at p.10 of the FT about KO's investment of a 40% interest in Honest Beverages, a producer of a best-selling bottled tea distributed in natural and organic food stores.

CVX Chevron is mentioned at p. C1 of WSJ as leading the charge for oil companies as its stock rose 61 cents or .9% to close at $70.19. The article also stated that UTX United Technologies led the Dow's decliners by falling 97 cents or 1.7% to close at $55.52. It also mentioned AXP American Express rising 5% and JPM J.P. Morgan Chase down .4%.

HPQ Hewlett-Packard, INTC Intel, IBM, and MSFT Microsfot were all discussed at p. A4 of the Investor's Business Daily in an article, "Many Big Tech Companies Elevating Their Cloud Computing Efforts" regarding a one-year update on these companies' efforts to build a test bed for cloud systems and components using open-source software. MSFT is also the subject of an article at p. B7 in the WSJ entitled "Bing Brings Market-Share Gains for Microsoft - New Search Enginge Spurs Modest Growth."

KFT Kraft is mentioned at p. B8 of the WSJ about chain restaurants selling branded products in supermarkets. KFT has a licensing agreement with California Pizza Kitchen to sell new microwaveable Flatbread Melts sandwiches to supemarkets.

MCD McDonald's is the subject of a FT article at p.14 entitled "Indonesian franchisee sues McDonald's over sale of outlets." The suit is for $105.5 million.

PG Procter & Gamble is mentioned at p. 22 of FT as dropping 1.4% to $52.41. The article also mentioned AA Alcoa advancing 3.5% to $11.15, AXP American Express gaining 5% to $26.93 and a mention of Intel rising 3.1% to $16.42 on a Bank of America report on improved orders from China for microchips. PG is also mentioned at p. A10 of the AJC about P&G's holding a board meeting to select a new CEO which is expected to be COO Bob McDonald who will succeed A.G. Lafley. Finally, P&G is the subject for a good advertising story entitled "Girding for a Leaner P&G" at p. B6 of the WSJ.