The following is not intended as advertising by a broker-dealer and is not a research report.
Post #100 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. Towards the end of this Blog is an update of the Dow 30's most recent SEC filings as of 9/4/09.
The Dow Jones Industrial Average closed Thursday at 9627.48 up 80.26 or 0.84% from Wednesday's close of 9547.22. Of the 30 Dow Companies: 21 gained and 9 declined with the biggest loser being Kraft KFT $26.19 -0.66 2.46% 23,718,729 NYSE and the biggest gainer being Procter & Gamble PG $56.04 +2.28 4.24% 26,137,885 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged.
Thursday's Dow Jones Industrial Average closing numerator was 1273.90 up 10.62 from Wednesday's closing Dow numerator of 1263.28. 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 numerator increase for today of 10.62 by the divisor you get 80.26, the increase in Thursday's Dow close.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 42.26 up 0.35 from Wednesday's Dow Jones Industrial Average closing price of 42.11. The median closing price of Thursday's Dow Jones Industrial Average was 38.71 up 0.23 from Wednesday's Dow Jones median closing price of 38.48.
The highest closing price Thursday again was IBM $117.67 +0.91 0.78% 4,794,174 NYSE and the lowest closing price Thursday again was Alcoa AA $12.84 +0.03 0.23% 21,547,322 NYSE.
The lowest volume Thursday again was MMM $74.39 +1.21 1.65% 4,123,800 NYSE and the highest volume again was Bank of Am BAC $17.22 +0.18 1.06% 173,173,715 NYSE.
If Thursday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,060
($127,390 - $126,330)
Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
T $26.56 +0.62 2.39% 34,920,689 NYSE
AA $12.84 +0.03 0.23% 21,547,322 NYSE
AXP $34.4 +0.31 0.91% 9,958,623 NYSE
BAC $17.22 +0.18 1.06% 173,173,715 NYSE
BA $50.49 -0.04 0.08% 3,826,873 NYSE
CAT $48.69 +0.28 0.58% 8,175,822 NYSE
CVX $71.45 +1.12 1.59% 9,739,461 NYSE
CSCO $23.01 +0.78 3.51% 75,508,306 NASDAQ-GS
KO $50.58 -0.05 0.1% 10,644,787 NYSE
DIS $28.36 +1.41 5.23% 21,496,754 NYSE
DD $32.09 +0.73 2.33% 6,713,838 NYSE
XOM $70.65 +0.15 0.21% 19,100,528 NYSE
GE $14.8 -0.07 0.47% 119,302,472 NYSE
HPQ $46.5 +0.52 1.13% 14,761,603 NYSE
HD $27.53 +0.15 0.55% 9,388,075 NYSE
INTC $19.76 -0.17 0.85% 48,664,964 NASDAQ-GS
IBM $117.67 +0.91 0.78% 4,794,174 NYSE
JPM $43.02 +0.16 0.37% 24,918,110 NYSE
JNJ $60.66 -0.26 0.43% 8,772,369 NYSE
KFT $26.19 -0.66 2.46% 23,718,729 NYSE
MCD $54.85 -0.24 0.44% 12,413,840 NYSE
MRK $31.96 +0.41 1.3% 14,834,739 NYSE
MSFT $25 +0.22 0.89% 45,107,357 NASDAQ-GS
PFE $16.34 +0.17 1.05% 45,796,331 NYSE
PG $56.04 +2.28 4.24% 26,137,885 NYSE
MMM $74.39 +1.21 1.65% 4,123,800 NYSE
TRV $48.52 -0.62 1.26% 4,820,832 NYSE
UTX $61.95 +0.71 1.16% 4,558,746 NYSE
VZ $31.35 +0.46 1.49% 20,590,821 NYSE
WMT $51.03 -0.08 0.16% 22,820,953 NYSE
Here are the latest SEC filings as of 9/4/09 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: 8/28/09 two 8K's, one: annoucning it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of Tprovided redeemed certain long-term debt issues as of September 28, 2009.
Alcoa AA: 8/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.
American Express AXP: 9/2/09 10Q
Bank of Am BAC: a free writing prospectus regarding issuance of $74 million in debt securities.
Boeing BA: 8/31 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.
8/27 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.
Caterpiller CAT: 8/20/09 8K CAT filed Reg FD information concerning deliveries to users for its Machinery and Engines lines of business.
Chevron CVX: 8/6/09 10Q
Cisco CSCO: 8/5/09 8K CSCO reported its results of operations for its fiscal fourth quarter and fiscal year 2009 ended July 25, 2009.
Coke KO: 7/30/09 10Q
Disney DIS: 8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.
DuPont DD: 8/13/09 8K announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer & Chief Executive effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the DD's Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009. Richard R. Goodmanson, EVP and Chief Operating Officer will retire effective September 30, 2009.
ExxonMobil XOM: 8/5/09 10Q
GE: 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the Rail business.
Hewlett-Packard HPQ: 8/18/09 8K re: release of 731/09 3Q results
Home Depot HD: 8/26 8K announcing amendments to their By-Laws dealing with resignations of directors.
Intel INTC: 9/2/09 8K announcing that as a result of stronger than expected demand for microprocessors and chipsets, Intel now expects revenue for the third quarter to be $9.0 billion, plus or minus $200 million, as compared to the previous range of $8.5 billion, plus or minus $400 million. The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 53 percent, plus or minus two percentage points. The company is scheduled to report its third-quarter financial results on Oct. 13.
IBM: 7/28/09 10Q
JPMorganChase JPM: 9/2/09 Free Writing Prospectus relating to Core commodity C-IGAR Sigma Long-Short Index
Johnson & Johnson JNJ: 8/4/09 10Q
Kraft KFT: 8/5/09 10Q
McDonalds MCD: 8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"
Merck MRK: 8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough
Microsoft MSFT: 8/24/09 S-8 Securities to be offered to employees in employee benefit plans
Pfizer PFE: 9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.
Procter & Gamble PG: 8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.
3M MMM: 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.
Travelers TRV: 8/5/09 10Q/A Amended 10Q
United Technologies UTX: 7/24/09 10Q
Verizon Communications Inc. VZ: 9/2/09: 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc. (at end of '09 and also VZ raised its quarterly dividend 3.3% to 47.5 Cents per share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.
Wal-Mart WMT: 8/13/09 8K re 7/31/09 2Q report of earnings
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 Nicholas C. Fanandakis replaces Ellen Kullman 9/1/09
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 Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke