The following is not intended as advertising by a broker-dealer and is not a research report.
Post #102 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 Friday at 9605.41 down 22.07 or 0.23% from Thursday's close of 9627.48. The Dow was up for the week 164.14 over last Friday's close of 9441.27. Of the 30 Dow Companies: 9 gained and 21 declined with the biggest loser being Chevron CVX $70.75 -0.70 0.98% 9,860,983 NYSE and the biggest gainer being Coke CVX $70.75 -0.70 0.98% 9,860,983 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged.
Friday's Dow Jones Industrial Average closing numerator was 1270.98 down 2.92 from Thursday's closing Dow numerator of 1273.90. 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 decrease for today of 2.92 by the divisor you get 22.07, the decrease in Friday's Dow close.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 42.37 down 0.09 from Thursday's Dow Jones Industrial Average closing price of 42.46. The median closing price of Friday's Dow Jones Industrial Average was 38.34 down 0.37 from Thursday's Dow Jones median closing price of 38.71.
The highest closing price Friday again was IBM $118.05 +0.38 0.32% 5,875,924 NYSE and the lowest closing price Friday again was Alcoa AA $12.99 +0.15 1.17% 22,547,935 NYSE.
The lowest volume Friday again was MMM $74 -0.39 0.52% 3,299,453 NYSE and the highest volume again was Bank of Am BAC $16.97 -0.25 1.45% 137,701,264 NYSE.
If Friday 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 lost $380
($127,390 - $127,110)
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
T $26.66 +0.10 0.38% 23,445,722 NYSE
AA $12.99 +0.15 1.17% 22,547,935 NYSE
AXP $34.17 -0.23 0.67% 8,271,404 NYSE
BAC $16.97 -0.25 1.45% 137,701,264 NYSE
BA $51.35 +0.86 1.7% 5,868,210 NYSE
CAT $48.53 -0.16 0.33% 9,749,625 NYSE
CVX $70.75 -0.70 0.98% 9,860,983 NYSE
CSCO $23.09 +0.08 0.35% 52,906,165 NASDAQ-GS
KO $51.51 +0.93 1.84% 16,966,199 NYSE
DIS $28.42 +0.06 0.21% 14,178,642 NYSE
DD $31.81 -0.28 0.87% 6,954,581 NYSE
XOM $69.98 -0.67 0.95% 17,382,548 NYSE
GE $14.67 -0.13 0.88% 100,517,452 NYSE
HPQ $46.1 -0.40 0.86% 12,804,229 NYSE
HD $27.34 -0.19 0.69% 14,612,289 NYSE
INTC $19.51 -0.25 1.27% 58,525,895 NASDAQ-GS
IBM $118.05 +0.38 0.32% 5,875,924 NYSE
JPM $42.5 -0.52 1.21% 26,632,296 NYSE
JNJ $60.42 -0.24 0.4% 8,429,891 NYSE
KFT $26.1 -0.09 0.34% 17,331,866 NYSE
MCD $54.39 -0.46 0.84% 11,899,878 NYSE
MRK $32.54 +0.58 1.81% 14,383,804 NYSE
MSFT $24.86 -0.14 0.56% 53,603,459 NASDAQ-GS
PFE $16.25 -0.09 0.55% 30,865,027 NYSE
PG $55.64 -0.40 0.71% 12,303,922 NYSE
MMM $74 -0.39 0.52% 3,299,453 NYSE
TRV $48.41 -0.11 0.23% 4,089,954 NYSE
UTX $61.99 +0.04 0.06% 4,754,235 NYSE
VZ $31.26 -0.09 0.29% 20,561,699 NYSE
WMT $50.72 -0.31 0.61% 16,025,660 NYSE
The following appeared in Friday morning's Blog:
A read of Friday's 9/11/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, USA Today and the 9/11/09 issue of the Atlanta Business Chronicle yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's closing price and related data:
Dow: WSJ pC1 "Dow, Up 80.26, Adds A fifth Day to Its Run" by Peter A. McKay says telecom and energy stocks led the market to a fifth gain in a row and fresh highs for the year. Procter & Gamble was the biggest contributer to Thursday's gain in the price-weighted average, up 4.2%.
WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
Fin Times p22 "Wall Street - Relief over Treasury auction helps S&P climb to '09 peak" by Samantha Pearson says Wall Street stocks hit fresh highs for the year following a shaky start yesterday, after encouraging data on jobs and a successful Treasury bond auction reassured investors. It says airlines lifted the market after an analyst from JPMorgan said demand was not as bad as feared. PG, the company behind brands such as Gillette and Pantene, rose 4.2% after it raised its earnings forecast for '10 above analyst expectations.
NYT pB7 "Stocks & Bonds - They Rally, 347 Points in 5 Days, Continues" says investors pushed up stocks Thurs. on Wall Street after a drop in weekly unemployment claims and an upbeat forecast from Procter & Gamble.
Inv. Bus Daily pA1 "Stocks Tack On Gains As IbD 100 Keeps Lead Role" by Paul Whitfield says leading stocks once again led the pack Thurs. as the major indexes tacked on more gains.
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)
AT&T T $26.56 +0.62 2.39% 34,920,689 NYSE: WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
WSJ pB5 "Sprint Plan Ups Ante in Wireless market" by Roger Cheng says Sprint Nextel Corp. launched a monthly service plan offering unlimited calls to any US cellphone, as competition continues to intensify and the No. 3 US carrier tries to stem customer defections and compete against the top 2 players, Verizon Wirelss (jv between Verizon Communications Inc. and Vodafone Group PlC) and AT&T.
Fin Times p14 "Coalition has its sights set on monitoring all viewing habits - Moves threaten Nielsen dominance - Initial funding is expected to be $1.5m" by Kenneth Li says a group called the Coailtion for Innovative Media Measurement made up of GE's NBC Universal, Time Warner, Disney, Procter & Gamble, AT&T, Unilever, Discovery, CBS, and Viacom have formed a new venture to investigate ways to measure viewers across TV, mobile phone and computer screens in a move that could upset Nielsen's control on media tracking. Similar story at NYT pB2 "Media Group To Research New Methods for Ratings" by Brian Stelter.
Atlanta Business Chronicle p1A "Rift threatens city's sports promotions" by Douglas Sams and J. Scott Trubey says that Georgia's top sports marketer is involved in a controvery over whether Atlanta is a bigger college or pro sports town. The controversy arises out of comments made in the local media by Gary Stokan, pres. of Atlanta Sports Council who called Georgia Tech and the University of Georgia "the city's two biggest pro sports teams." Despite the weak economy in 2008, Atlanta was home to 4 of the top 100 companies that spent money on sports marketing, according to Street & Smith's SportsBusiness Journal, a sister publication of Atlanta Business Chronicle. The list included AT&T Mobility (no. 2 with $243.3 mil), the US division of Coke at No. 11 at $107.9 mil and Home Depot at no. 27 with $64.6 mil. The article quotes Bob Hope, co-founder of public relations firm Hope-Beckham Inc. as saying "Sports is a religion, but college football is a cult."
Alcoa AA $12.84 +0.03 0.23% 21,547,322 NYSE: WSJ pC5 "Options Report - Alcoa Inspires Volatility Bets" by Tennille Tracy says traders behaved mroe like merchants than consumers Thurs, opting to sell options rather than buy them as the stock market continued to hum along at a modest pace. Traders were selling options they didn't own betting on a decline in volatility and therefore a reduction in options prices or the ability of stocks to stay above or below certain prices. In Alcoa, as an example, a traders showed sold a Jan. $16 call in order to collect 0.65 and will make make money as long as Alcoa's stock stays below $16.65 before early next year, a level it hasn't reached since last Oct.
AXP $34.4 +0.31 0.91% 9,958,623 NYSE: No mentions found.
Bank of Am BAC $17.22 +0.18 1.06% 173,173,715 NYSE: WSJ pC3 "Merrill Veteran Orcel Is Staing With BofA" by Dan Fitzpatrick & Dana Cimillusa says BAC named a new leadership team for its global investment banking unit & announced new responsibilities for top London deals generator Andrea Orcel as the bank embarks on a global expansion push following its takeover of Merrill.
NYTimes pB2 "Winners, Losers: One Year Later" says after the carnage that followed the bankruptcy of Lehman Bros. a year ago, it is clear that Goldman Sachs is a winner. Story says JPMorgan swooped in less than 2 weeks afer Lehman's demise to acquire Washing Mutual, Morgan, led by Jamie Dimon, used its position as one of the few strong lenders to capture market share in corporate finance. It says that Bank of Am didn't do so well because its stock is down 35% an GE is hurting as well with its stock down nearly half its value.
Atlanta Business Chronicle at p2B "Clients nearing retirement re-assess portfolios" by Michael Hunter says Bank of America and Merrill Lynch retirement surveys conducted between 2006 and 2008 show the average retiremen age moving from 60 to 61 in 2006 to 63 to 64 in 2008.
Atlanta Business Chronice at p2B "Financial industry preparing for recovery" by John Inhouse says the conmbination of Merrill Lynch & Co. and Bank of America allows the combine service to prove more incomplete investment and banking solutions to its client.
Atlanta Business Chronice at p5b "Atlanta's Top 25 Financial Planning & Advisory Firms - Ranked by assets under management in Atlanta" ranks Bank of America's Merrill Lynch as number 1 with $78 bil under management in Atlanta and $1.2 trillion under management nationwide.
BA $50.49 -0.04 0.08% 3,826,873 NYSE: No mentions found.
CAT $48.69 +0.28 0.58% 8,175,822 NYSE: No mentions found.
Chevron CVX $71.45 +1.12 1.59% 9,739,461 NYSE: Fin Times p3 "Chevron backs huge gas project - US group to spend $42 bil - Scheme will refocus LNG industry" by Carola Hoyos & Peter Smith says Gorgon, one of the world's most ambitious and costly natural gas proejcts, will be given the official go ahead next week when Chevron approves an investment of about $42 bil in the project off Western Australia. These amounts are in Australian money and I am sorry the article doesn't convert into US dollars, blame the Financial Times.
WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
CSCO $23.01 +0.78 3.51% 75,508,306 NASDAQ-GS: No mentions found.
Coke KO $50.58 -0.05 0.1% 10,644,787 NYSE WSJ pC3 Peter Lattman's "Deal Journal" discussed the Suntory bid to buy Orangina and notes that in 1984 Pernod Ricard acquired Orangina hoping to extend its brand world-wide but it couldn't compete with Coke and Pepsi.
Atlanta Business Chronicle p1A "Rift threatens city's sports promotions" by Douglas Sams and J. Scott Trubey says that Georgia's top sports marketer is involved in a controvery over whether Atlanta is a bigger college or pro sports town. The controversy arises out of comments made in the local media by Gary Stokan, pres. of Atlanta Sports Council who called Georgia Tech and the University of Georgia "the city's two biggest pro sports teams." Despite the weak economy in 2008, Atlanta was home to 4 of the top 100 companies that spent money on sports marketing, according to Street & Smith's SportsBusiness Journal, a sister publication of Atlanta Business Chronicle. The list included AT&T Mobility (no. 2 with $243.3 mil), the US division of Coke at No. 11 at $107.9 mil and Home Depot at no. 27 with $64.6 mil. The article quotes Bob Hope, co-founder of public relations firm Hope-Beckham Inc. as saying "Sports is a religion, but college football is a cult."
Disney DIS $28.36 +1.41 5.23% 21,496,754 NYSE: WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
WSJ pB1 "Talk Is Cheaper for Ads on NBC's Leno" by Sam Schechner & Suzanne Vranica says in the weeks leading up to NBC's launch of The Jay Leno Show advetisers are buying spots for half what they'd spend per commercial in new episodes of dramas on competing networks at the same time of night. The number of people watching shows on weeknights between 10 & 11 pm on NBC and Disney's ABC has declined 23% from three TV seasons ago, to a combined 23.8 million on average this season through Aug. 30.
Fin Times p14 "Coalition has its sights set on monitoring all viewing habits - Moves threaten Nielsen dominance - Initial funding is expected to be $1.5m" by Kenneth Li says a group called the Coalition for Innovative Media Measurement made up of GE's NBC Universal, Time Warner, Disney, Procter & Gamble, AT&T, Unilever, Discovery, CBS, and Viacom have formed a new venture to investigate ways to measure viewers across TV, mobile phone and computer screens in a move that could upset Nielsen's control on media tracking. Similar story at NYT pB2 "Media Group To Research New Methods for Ratings" by Brian Stelter.
DD $32.09 +0.73 2.33% 6,713,838 NYSE: No mentions found.
XOM $70.65 +0.15 0.21% 19,100,528 NYSE: No mentions found.
GE $14.8 -0.07 0.47% 119,302,472 NYSE: WSJ pC10 "Will Vivendi Star in New NBC Drama Coming This Fall?" Each Nov Vivendi can trigger a right to sell its 20% stake in NBC Universal either in the market or to NBCU's parent GE and if this option was exercised it would test what buyers really think about core Hollywood businesses - a major film studio, broadcast TV network and major cable channels.
Fin Times p14 "Coalition has its sights set on monitoring all viewing habits - Moves threaten Nielsen dominance - Initial funding is expected to be $1.5m" by Kenneth Li says a group called the Coalition for Innovative Media Measurement made up of GE's NBC Universal, Time Warner, Disney, Procter & Gamble, AT&T, Unilever, Discovery, CBS, and Viacom have formed a new venture to investigate ways to measure viewers across TV, mobile phone and computer screens in a move that could upset Nielsen's control on media tracking. Similar story at NYT pB2 "Media Group To Research New Methods for Ratings" by Brian Stelter.
NYTimes pB2 "Winners, Losers: One Year Later" says after the carnage that followed the bankruptcy of Lehman Bros. a year ago, it is clear that Goldman Sachs is a winner. Story says JPMorgan swooped in less than 2 weeks afer Lehman's demise to acquire Washing Mutual, Morgan, led by Jamie Dimon, used its position as one of the few strong lenders to capture market share in corporate finance. It says that Bank of Am didn't do so well because its stock is down 35% and GE is hurting as well with its stock down nearly half its value.
HPQ $46.5 +0.52 1.13% 14,761,603 NYSE: No mentions found.
Home Depot HD $27.53 +0.15 0.55% 9,388,075 NYSE: Atlanta Business Chronicle p1A "Rift threatens city's sports promotions" by Douglas Sams and J. Scott Trubey says that Georgia's top sports marketer is involved in a controvery over whether Atlanta is a bigger college or pro sports town. The controversy arises out of comments made in the local media by Gary Stokan, pres. of Atlanta Sports Council who called Georgia Tech and the University of Georgia "the city's two biggest pro sports teams." Despite the weak economy in 2008, Atlanta was home to 4 of the top 100 companies that spent money on sports marketing, according to Street & Smith's SportsBusiness Journal, a sister publication of Atlanta Business Chronicle. The list included AT&T Mobility (no. 2 with $243.3 mil), the US division of Coke at No. 11 at $107.9 mil and Home Depot at no. 27 with $64.6 mil. The article quotes Bob Hope, co-founder of public relations firm Hope-Beckham Inc. as saying "Sports is a religion, but college football is a cult."
INTC $19.76 -0.17 0.85% 48,664,964 NASDAQ-GS: No mentions found.
IBM $117.67 +0.91 0.78% 4,794,174 NYSE: No mentions found.
JPMorgan JPM $43.02 +0.16 0.37% 24,918,110 NYSE: NYTimes pB2 "Winners, Losers: One Year Later" says after the carnage that followed the bankruptcy of Lehman Bros. a year ago, it is clear that Goldman Sachs is a winner. Story says JPMorgan swooped in less than 2 weeks afer Lehman's demise to acquire Washing Mutual, Morgan, led by Jamie Dimon, used its position as one of the few strong lenders to capture market share in corporate finance. It says that Bank of Am didn't do so well because its stock is down 35% and GE is hurting as well with its stock down nearly half its value.
Fin Times p22 "Wall Street - Relief over Treasury auction helps S&P climb to '09 peak" by Samantha Pearson says Wall Street stocks hit fresh highs for the year following a shaky start yesterday, after encouraging data on jobs and a successful Treasury bond auction reassured investors. It says airlines lifted the market after an analyst from JPMorgan said demand was not as bad as feared. PG, the company behind brands such as Gillette and Pantene, rose 4.2% after it raised its earnings forecast for '10 above analyst expectations.
JNJ $60.66 -0.26 0.43% 8,772,369 NYSE: No mentions found.
Kraft KFT $26.19 -0.66 2.46% 23,718,729 NYSE: Fin Times p8 has a letter from Martin E. Simons of London, Kraft bid risks emasculating great British brand' saing it is not in the national interest of UK for foreign companies to dominate UK industry.
MCD $54.85 -0.24 0.44% 12,413,840 NYSE: No mentions found.
MRK $31.96 +0.41 1.3% 14,834,739 NYSE: No mentions found.
Microsoft MSFT $25 +0.22 0.89% 45,107,357 NASDAQ-GS: Fin Times p13 "google in books database offer- Gesture to rivals over access to works - Objections raised over company's influence" by Ricahrd Wates says Google offered to give internet rivals, access to its massive database of digital books as it renewed efforts to counter a wave of opposition stirred up by its landmark legal settlement industry. The gesture was rebuffed a a lawyer representing opponents of the deal such as Amazon, Microsoft and Yahoo.
PFE $16.34 +0.17 1.05% 45,796,331 NYSE: No mentions found.
Procter & Gamble PG $56.04 +2.28 4.24% 26,137,885 NYSE: WSJ pB3 "Corporate News - P&G Plots Course to Turn Lacluster Tide - new Chief McDonald Plans Price Cuts, Expansion Abroad and Repositioning Cheer as a Low-price Detergent" by Ellen Byron says PG's ceo Robert McDonald laid out measures to address lackluster profits and sagging market share, including price cuts, overseas expansion and plans to reposition the Cheer brand as a low price detergent. There is an accompanying photo of Robert McDonald with high forehead, arched eyebrows, and gesturing hands that has him looking very intelligent, calculating and confident.
NYT pB7 "Procter & Gamble Predicts Sales Will Recover in Fall" says PG officials say they expect sales to begin rebounding this fall as the company cuts prices and adds new versions of its consumer products that emphasize value. They expect the sale of PG's prescription drug biz to increase earnings by 0.32 to 0.34 cents a share this fiscal year and they project organic sales growth of 1 to 4 percent for the quarter ending in Dec. Organic sales are sales not related to acquisitons and this metric has fallen the past 2 quarters.
WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
WSJ pC5 "The Good News . . ." charts PG saying it plans to cut prices and increase promotions to boost sales.
WSJ pC8 "Warner Chilcott to Get A 4 Piece Deal Financing" by Min Zeng says new details emerged Thurs on the $4.15 bil financing backing Warner Chilcott's purchase of Procter & Gamble's prescription drug biz. It will be a $1.5 bil institutional term loan with a $1 bil term loan and a $250 mil revolving credit facility.
Fin Times p14 "Coalition has its sights set on monitoring all viewing habits - Moves threaten Nielsen dominance - Initial funding is expected to be $1.5m" by Kenneth Li says a group called the Coalition for Innovative Media Measurement made up of GE's NBC Universal, Time Warner, Disney, Procter & Gamble, AT&T, Unilever, Discovery, CBS, and Viacom have formed a new venture to investigate ways to measure viewers across TV, mobile phone and computer screens in a move that could upset Nielsen's control on media tracking.
Fin Times p22 "Wall Street - Relief over Treasury auction helps S&P climb to '09 peak" by Samantha Pearson says Wall Street stocks hit fresh highs for the year following a shaky start yesterday, after encouraging data on jobs and a successful Treasury bond auction reassured investors. It says airlines lifted the market after an analyst from JPMorgan said demand was not as bad as feared. PG, the company behind brands such as Gillette and Pantene, rose 4.2% after it raised its earnings forecast for '10 above analyst expectations.
AJC pA20 "P&G adjusts strategies to pull bargain hunters" says the world's largest consumer products maker, a bellwether of consumer spending, has shifted tactics in the chase for bargain hunting shoppers with price cuts, promotions emphasizing value, and a shakkup of its famed laundry business.
MMM $74.39 +1.21 1.65% 4,123,800 NYSE: No mentions found.
TRV $48.52 -0.62 1.26% 4,820,832 NYSE: No mentions found.
UTX $61.95 +0.71 1.16% 4,558,746 NYSE: No mentions found.
Verizon VZ $31.35 +0.46 1.49% 20,590,821 NYSE: WSJ pB5 "Sprint Plan Ups Ante in Wireless market" by Roger Cheng says Sprint Nextel Corp. launched a monthly service plan offering unlimited calls to any US cellphone, as competition continues to intensify and the No. 3 US carrier tries to stem customer defections and compete against the top 2 players, Verizon Wirelss (jv between Verizon Communications Inc. and Vodafone Group PlC) and AT&T.
WSJ pC5 "Large Stock Focus - AT&T, Disney, P&G Lead List of Gainers" by Geoffrey Rogow says another broad rally pushed major stock averages to their highest closes of '09 on Thurs with a diverse group including Walt Disney and Procter & Gamble pacing the market higher, while AT&T led a surge for telecommunications firms. 3M is mentioned as being up 1.7% along with Chevron up 1.6%. For telecoms AT&T was up 2.4% and Verizon was up 1.5%.
WMT $51.03 -0.08 0.16% 22,820,953 NYSE: No mentions found.
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