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 Tuesday at 8359.49 up 27.81 or 0.33% from Monday's close of 8331.68. 19 of the Dow 30 gained with the biggest gainer being HD Home Depot $23.68 +0.57 2.47% 15,578,582 NYSE and the biggest loser being TRV Travelers $39.54 -0.86 2.13% 4,307,024 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is
.132319125 unchanged.
Tuesday's Dow numerator was 1106.12 up 3.68 from Monday's closing numerator of 1102.44. 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 27.81, the increase in Monday's Dow.
The average closing price of Tuesday's Dow Jones was 36.87 up .12 from Monday's Dow Jones average closing price of 36.75 The median closing price of Tuesday's Dow Jones was 30.44 up .01 from Monday's median closing price of 30.43.
The highest closing price Tues was IBM $103.25 -0.37 0.36% 5,412,359 NYSE and the lowest closing price Tuesday again was AA Alcoa $9.59 -0.07 0.72% 27,606,427 NYSE.
The lowest volume Tuesday was MMM $60.63 +0.14 0.23% 3,538,154 NYSE and the highest volume was BAC Bank of Am $12.91 -0.08 0.62% 270,120,552 NYSE.
If Tuesday 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 $368.01 (110,612.01 - $110,244).
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
T $23.45 -0.32 1.35% 27,093,358 NYSE
AA $9.59 -0.07 0.72% 27,606,427 NYSE
AXP $24.46 -0.06 0.24% 10,533,994 NYSE
BAC $12.91 -0.08 0.62% 270,120,552 NYSE
BA $40.41 -0.03 0.07% 5,748,486 NYSE
CAT $31.93 +0.13 0.41% 10,116,235 NYSE
CVX $63 +0.56 0.9% 12,879,322 NYSE
CSCO $18.73 +0.16 0.86% 46,881,250 NASDAQ-GS
KO $49.29 +0.24 0.49% 7,679,477 NYSE
DIS $23.11 +0.41 1.81% 10,327,049 NYSE
DD $25.55 +0.29 1.15% 4,992,915 NYSE
XOM $66.22 +0.52 0.79% 22,878,509 NYSE
GE $11.64 +0.18 1.57% 71,468,182 NYSE
HPQ $37.14 -0.16 0.43% 13,845,915 NYSE
HD $23.68 +0.57 2.47% 15,578,582 NYSE
INTC $16.83 +0.34 2.06% 93,509,184 NASDAQ-GS
IBM $103.25 -0.37 0.36% 5,412,359 NYSE
JPM $34.7 -0.01 0.03% 52,786,246 NYSE
JNJ $58.23 +0.51 0.88% 20,395,170 NYSE
KFT $27 +0.12 0.45% 7,945,934 NYSE
MCD $57.46 +0.19 0.33% 6,670,040 NYSE
MSFT $23.11 -0.12 0.52% 45,343,984 NASDAQ-GS
MRK $27.16 +0.34 1.27% 13,903,226 NYSE
PFE $14.9 +0.14 0.95% 37,322,045 NYSE
PG $53.54 +0.56 1.06% 12,811,996 NYSE
MMM $60.63 +0.14 0.23% 3,538,154 NYSE
TRV $39.54 -0.86 2.13% 4,307,024 NYSE
UTX $51.58 +0.16 0.31% 3,613,591 NYSE
VZ $28.95 -0.10 0.34% 12,799,815 NYSE
WMT $48.13 +0.30 0.63% 13,466,325 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.
Here are the latest SEC filings as of 7/14/09 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 6/30/09 11K Annual Report of Employee Stock Purchase Plan
AA Alcoa 7/13/09 8K 2nd Quarter Earnings Results
AXP 6/30/08 8K Settlement w/FDIC re: convenience checks
BAC Bank of Am 7/1/09 8A Regis. of Securities
BA Boeing 7/7/09 8K Acquisition of Vought Aircraft
CAT Caterpiller 6/23/09 11K Annual Report of Employee Stock Purchase Plan
CSCO Cisco 6/2/08 S8 Regis. of securities to employees
KO Coke 6/25/09 11K Annual Report of Employee Stock Purchase Plan
DIS Disney 6/26/09 11K Annual Report of Employee Stock Purchase Plan
DD DuPont 6/29/09 11K Annual Report of Employee Stock Purchase Plan
XOM Exxon 6/24/09 11K Annual Report of Employee Stock Purchase Plan
GE 6/25/09 11K Annual Report of Employee Stock Purchase Plan
HPQ Hewlett-Pack 6/30/09 11K Annual Report of Employee Stock Purchase Plan
HD Home Depot 6/29/09 11K Annual Report of Employee Stock Purchase Plan
INTC Intel 7/14/09 8K Financial results 3rd quarter
IBM 6/29/09 11K Annual Report of Employee Stock Purchase Plan
JPM JPMorgan 7/14/09 Freewriting Prospectus
JNJ Johnson 6/28/09 8K Press release re: financial results
KFT Kraft 6/22/09 8K re: personnel changes
MCD McDonalds 6/22/09 Prospectus
MRK Merck 7/1/09 8K Closing of sale of notes
MSFT Microsoft 6.29.09 11K Annual Report of Employee Stock Purchase Plan
PFE Pfizer 6/29/09 11K Annual Report of Employee Stock Purchase Plan
PG Procter Gam 7/13/09 8K re: 0.44 dividend
MMM 3M 7/7/09 8K settlement of shareholder derivative suit
TRV Travelers 6/24/09 11K Annual Report of Employee Stock Purchase Plan.
UTX United Tech 6/26/09 11K Annual Report of Employee Stock Purchase Plan
VZ Verizon 6/29 11K Annual Report of Employee Stock Purchase Plan
WMT Wal-Mart 6/5/09 10Q
Here are the CEOs of the Dow 30 Companies:
T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis
BA W. James McNerney, Jr.
CAT James W. Owens
CVX David O'Reilly
CSCO John Chambers
KO Muhtar Kent
DIS Rogert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX George David
VZ Ivan Seidenberg
WMT Mike Duke