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. BETA ON THIS DOW MONITOR BLOG WILL END WITH TODAY'S POSTINGS AND THE OFFICIAL LAUNCH OF THIS DOW MONITOR BLOG WILL START WEDNESDAY JULY 15, 2009 AT WHICH TIME I WILL EXPLAIN THE PURPOSE OF THIS BLOG.
The Dow closed Monday at 8331.68 up 185.16 or 2.27% from Friday's close of 8146.52. All 30 of the Dow 30 gained with the biggest gainer being IBM $103.62 +2.79 2.77% 9,490,951 NYSE.
A read of Tuesday's 7/14/09 print editions of: Wall Street Journal, New York Times, Atlanta Journal Constitution, Financial Times, Investor's Business Daily and USA Today yielded the following stories about Dow Jones 30 component companies:
WSJ pB5 in a story about Google challenging MSFT Microsoft says that MSFT on Monday announced it will ofer online vesions of its Office software to consumers free. Under that story is anothe story, "Microsoft to Offer Scaled-Down Office Over Web, Upping Ante with Google." This is also reported at USA Today p3B and on the front page of Fin. Times and again Fin Timesat pA5 in a story, "Another Day, Another Offensive in Micrsoft vs. Google Saga."
NYT pB1 "Bing delivers Credibility to Microsoft" says Bing, MSFT's new search engine, has gotten good reviews since its launch in May.
Inv. Bus. Daily pA2 says MSFT's Windows 7 operating system due out 10/22 won't be immediately purchased by 6 out of 10 companies per a survey.
IBD pA2 says the Nat'l Retail Fed. is rallying its 2,500 member retailers against WMT Walmart for backing Obama's insurance plan for all employees.
NYT pB1 says XOM Exxon Mobil, is investing $600 million in producing liquid transportation fuels from algae in a partnership with synthetic Genomics, a biotechnology company founded by the genomics pioneer J. Craig Venter.
AJC pA8 says JNJ Johnson & Johnson's new cancer drug Yondelis for women with recurring ovarian cancer has the FDA concerned that JNJ's results may not be reliable.
WSJ pB1 in a story about Dell lowering its profit margins for its current quarter thus dashing hopes for a quick end to PC slump mentions that the state of the PC industry should become more clear later today when INTC Intel releases its quartely results.
WSJ B3 has a story about a Canadian coffee chain, Tim Hortons Inc. that outsells MCD McDonalds in Canada and how it is breaking even in its 500 US stores.
WSJ pB6 "Burger King Scraps Plans for $1 Burger" says these plans are being scrapped as a response to upset franchisees. The cheap burger plan was to woo customers from MCD.
WSJ pC5 "Large Stock Focus" says KFT gained .80 or 3.1% to 26.88 as BMO Capital upgraded the stock to "outperform" saying its turnaround will become more evident soon. Story says GE gained .68 or 6.3% to 11.46 as sentiment improved ahead of its second quarter earnings to be reported Fri.
WSJ pC5 says JPM JPM Morgan are set to report earnings which if are good will push financials higher.
USA Today p1B says cosnumers will go to WMT WalMart and Target for their back to school shopping instead of more expensive drug stores.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is
.132319125 unchanged.
Monday's Dow numerator was 1102.44 up 24.5 from Friday's closing numerator of 1077.94. 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 Dow increase of 24.5 in the Dow numerator by the divisor you get 185.16, the increase in Monday's Dow.
The average closing price of Monday's Dow Jones was 36.75 up .82 from Friday's Dow Jones average closing price of 35.93. The median closing price of Monday's Dow Jones was 30.43 up .86 from Friday's closing median price of 29.57.
The highest closing price Monday was IBM $103.62 +2.79 2.77% 9,490,951 NYSE and the lowest closing price Monday again was AA Alcoa $9.66 +0.32 3.43% 28,641,451 NYSE.
The lowest volume Monday was MMM $60.49 +0.70 1.17% 4,038,792 NYSE and the highest volume was BAC Bank of Am $12.99 +1.11 9.34% 388,754,942 NYSE.
If Monday 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 made $1,974 ($110,244 - $108,270).
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
T $23.77 +0.33 1.41% 25,725,341 NYSE
AA $9.66 +0.32 3.43% 28,641,451 NYSE
AXP $24.52 +1.30 5.6% 18,442,693 NYSE
BAC $12.99 +1.11 9.34% 388,754,942 NYSE
BA $40.44 +0.79 1.99% 6,548,363 NYSE
CAT $31.8 +1.27 4.16% 11,066,002 NYSE
CVX $62.44 +1.04 1.69% 15,920,829 NYSE
CSCO $18.57 +0.23 1.25% 62,325,836 NASDAQ-GS
KO $49.05 +0.74 1.53% 10,303,360 NYSE
DIS $22.7 +0.29 1.29% 8,406,889 NYSE
DD $25.26 +0.65 2.64% 7,869,750 NYSE
XOM $65.7 0+.58 0.89% 31,651,449 NYSE
GE $11.46 +0.68 6.31% 101,440,042 NYSE
HPQ $37.3 +0.06 0.16% 13,343,479 NYSE
HD $23.11 +0.59 2.62% 17,775,641 NYSE
INTC $16.49 +0.45 2.81% 61,692,602 NASDAQ-GS
IBM $103.62 +2.79 2.77% 9,490,951 NYSE
JPM $34.71 +2.37 7.33% 70,181,238 NYSE
JNJ $57.72 +0.79 1.39% 13,525,179 NYSE
KFT $26.88 +0.80 3.07% 11,297,590 NYSE
MCD $57.27 +0.22 0.39% 7,043,767 NYSE
MSFT $23.23 +0.84 3.75% 67,541,372 NASDAQ-GS
MRK $26.82 +0.37 1.4% 15,754,802 NYSE
PFE $14.76 +0.56 3.94% 52,895,564 NYSE
PG $52.98 +0.76 1.46% 12,287,975 NYSE
MMM $60.49 +0.70 1.17% 4,038,792 NYSE
TRV $40.4 +1.40 3.59% 5,884,207 NYSE
UTX $51.42 +1.78 3.59% 5,656,449 NYSE
VZ $29.05 +0.43 1.5% 12,917,913 NYSE
WMT $47.83 +0.26 0.55% 16,019,051 NYSE
Here are the latest SEC filings as of 6/29/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
T AT&T 5/11/09 8K
AA Alcoa 5/13/09 8K
AXP 6/17/08 8K Announcing repurchase of $3.39 of preferred shares from
the U.S. as part of TARP bailout
BAC Bank of Am 6/29/09 8K announcing results of offer to exchange up to 200 million of its shares
BA Boeing 6/26/09 8K announcing grant of options to James A. Bell
CAT Caterpiller 6/18/09 8K Supp. fin. info re: deliveries to
certain customers
CSCO Cisco 6/2/08 S8 Regis. of securities to employees
KO Coke 6/10/09 8K announcing personnel changes
DIS Disney 5/7/09 S8
DD DuPont 5/7/09 8K
XOM Exxon 5/5/09 10Q and 6/19 regarding writeoff for the Valdex judgment
GE 6/12/09 8K Changes to board of directors
HPQ Hewlett-Pack 6/5/09 10Q
HD Home Depot 6/4/09 10Q
INTC Intel 6/26/09 S8
IBM 6/17/09 Proxy by Shareholder
JPM JPMorgan 6/26/09 Freewriting Prospectus re: Return Optimization Securities
JNJ Johnson 5/5/09 10Q
KFT Kraft 6/22/09 8K re: personnel changes
MCD McDonalds 6/11/09 11K Annual report of employee stock
purchase plan
MRK Merck 6/29/09 Proxy update re: Merger w/Schering-Plough
MSFT Microsfot 5/15/09 8K
PFE Pfizer 6/17/09 S4 Effective re: 6/17 Proxy re merger
with Wyeth
PG Procter Gam 6/10/09 8K re: Robert McDonald becoming new CEO
MMM 3M 5/13/09 8K
TRV Travelers 6/2/09 8K re: sale of $500 million of secs.
UTX United Tech 4/24/09 10Q
VZ Verizon 5/26 Free Writing Prospectus for Direct Investment Purch. shareholder .
WMT Wal-Mart 6/5/09 10Q