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YOUR BLOGGER WILL BE IN SWITZERLAND FOR "THINK SWISS FINANCIAL STUDY TRIP" THE WEEK OF 11/9 - 11/13 so our regular aggregation will be modified somewhat. Today, Tuesday's Blog, is from Zurich where earlier today your primary blogger had the opportunity to share some of his thoughts about the Dow Jones 30 components with Swiss financial leaders courtesy of the Swiss Program "Presence Switzerland" a program of the Swiss Federal Dept. of Foreign Affairs, Mr. Jan Liechti Patel, General Secretariat.
The following is not intended as advertising by a broker-dealer and is not a research report.
Post #204 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 11/6/09 and an update of the Dow 30's most recent SEC filings as of 11/6/09.
The Dow Jones Industrial Average closed Tuesday at 10,226.97 up 20.03 or 0.2% from Monday's close of 10246.97. Of the 30 Dow Companies: 10 declined, 1 was unchanged (United Technologies) and 19 gained. The biggest gainer dollar-wise was Chevron CVX $78.32 +0.66 0.85% 9,210,223 NYSE and percentage-wise was Bank of America BAC $16.03 +0.26 1.65% 194,852,496 NYSE. The biggest decliner dollar-wise and percentage-wise was Boeing BA $50.32 -1.03 2.01% 4,671,463 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged.
Tuesday's Dow Jones Industrial Average closing numerator was 1355.87 up 2.75 from Monday's closing Dow numerator of 1353.12. 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 of 2.75 for Tuesday by the divisor you get the increase in Tuesday's Dow close 20.03.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 45.20 up 0.10 from Monday's Dow Jones Industrial Average closing price of $45.10. The median closing price of Tuesday's Dow Jones Industrial Average was $41.93 up $0.23 from Monday's Dow Jones median closing price of $41.70. The lowest volume Tuesday was 3M MMM $77.99 +0.79 1.02% 3,491,464 NYSE and the highest volume again was Bank of Am BAC BAC $16.03 +0.26 1.65% 194,852,496 NYSE.
If Tuesday 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 $300.
($135,600 -$135,300)
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./MarketT $26.34 0.41 1.58% 23,628,385 NYSE
AT&T T $26.36 +0.02 0.08% 21,817,549 NYSE
Alcoa AA $13.48 +0.14 1.05% 24,297,542 NYSE
American Express AXP $39.68 +0.63 1.61% 13,604,665 NYSE
Bank of America BAC $16.03 +0.26 1.65% 194,852,496 NYSE
Boeing BA $50.32 -1.03 2.01% 4,671,463 NYSE
Caterpillar CAT $59.99 -0.01 0.02% 8,695,695 NYSE
Chevron CVX $78.32 +0.66 0.85% 9,210,223 NYSE
Cisco CSCO $23.65 -0.34 1.42% 42,841,687 NASDAQ-GS
Coca-Cola KO $55.81 +0.33 0.59% 8,042,829 NYSE
Disney DIS $29.12 +0.12 0.41% 16,923,792 NYSE
DuPont DD $33.76 -0.85 2.46% 8,184,029 NYSE
ExxonMobil XOM $72.61 -0.24 0.33% 15,674,428 NYSE
GE $15.78 -0.07 0.44% 73,336,757 NYSE
Hewlett-PackardHPQ $49.96 -0.03 0.06% 10,577,247 NYSE
Home Depot HD $26.82 +0.01 0.04% 14,722,040 NYSE
Intel INTC $19.5 +0.04 0.21% 56,069,472 NASDAQ-GS
IBM $126.91 +0.91 0.72% 6,403,331 NYSE
J.P.Morgan ChaseJPM $44.17 -0.18 0.41% 30,855,402 NYSE
Johnson & Johnson JNJ $61.23 +0.48 0.79% 11,645,006 NYSE
Kraft KFT $26.82 0.29 1.09% 9,739,665 NYSE
McDonald's MCD $62.28 -0.36 0.57% 7,379,323 NYSE
Merck MRK $33.61 +0.18 0.54% 14,313,516 NYSE
Microsoft MSFT $29.01 +0.02 0.07% 64,746,256 NASDAQ-GS
Pfizer PFE $17.56 +0.13 0.75% 48,681,506 NYSE
Procter & Gamble PG $61.86 +0.01 0.02% 12,745,060 NYSE
3M MMM $77.99 +0.79 1.02% 3,491,464 NYSE
Travelers TRV $53.93 +0.33 0.62% 4,800,693 NYSE
United Technologies UTX $66.73 unch unch 3,501,336 NYSE
Verizon VZ $30.31 +0.14 0.46% 14,458,780 NYSE
Wal-Mart WMT $52.31 +0.31 0.6% 16,793,587 NYSE
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The following appeared in Tues. morning's Blog
A read of the 11/10/09 print editions of: The European edition of the Financial Times, International Herald Tribune, & International Edition of USA Today 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 Monday's closing price and related data:
Dow: Fin Times p28 "Kraft formal move on Cadbury helps boost confidence" by Samantha says deal activity by firms from Kraft to Northrup buoyed Wall Street confidence yesterday lifting US stocks higher after last week's strong gains. Follwing an indicative offer 2 months ago, Kraft launched a formal hostile bid for Cadbury yesterday but at the same price. Comcast made progress in its bid to take over NBC Universal from GE as GE gained 3.%. A pledge by the G20 over the weekend to keep stimulus programs in place added to the market's optimism and boosted financial stocks. Bank of America was up 2.6%. Global sales figures from McDonald's sent shares in MCD up 1.4%.
The Dow Jones Industrial Average closed Monday at 10,226.94 up 203.52 or 2.03% from Friday's close of 10023.42. Of the 30 Dow Companies: 1 declined (Kraft) and 29 gained. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $60 +2.40 4.17% 12,227,460 NYSE. The only decliner dollar-wise and, of course, percentage-wise was Kraft KFT $26.53 -0.25 0.93% 17,051,297 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of market open Tuesday the Dow's trailing P/E ratio is 17.00.
Tuesday's Dow Jones Industrial Average closing numerator was 1353.12 up 26.83 from Monday's closing Dow numerator of 1326.29. 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 of 26.83 for Tuesday by the divisor you get the increase in Monday's Dow close 203.52.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 45.10 up 0.89 from Monday's Dow Jones Industrial Average closing price of $44.21. The median closing price of Tuesday's Dow Jones Industrial Average was $41.70 up $1.45 from Monday's Dow Jones median closing price of $40.25. The lowest volume Friday was United Technologies UTX $66.73 +1.66 2.55% 3,834,542 NYSE and the highest volume again was Bank of Am BAC BAC $15.77 +0.72 4.78% 169,708,018 $ NYSE.
If Tuesday 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 $2,670.
($135,300 - $132,630 )
AT&T T $26.34 0.41 1.58% 23,630,385 NYSE:
Alcoa AA $13.34 +0.45 3.49% 20,761,441 NYSE:
American Express AXP $39.05 +1.84 4.94% 16,626,723 NYSE:
Bank of America BAC $15.77 +0.72 4.78% 169,708,018 NYSE: Fin Times p28 "Kraft formal move on Cadbury helps boost confidence" by Samantha says deal activity by firms from Kraft to Northrup buoyed Wall Street confidence yesterday lifting US stocks higher after last week's strong gains. Follwing an indicative offer 2 months ago, Kraft launched a formal hostile bid for Cadbury yesterday but at the same price. Comcast made progress in its bid to take over NBC Universal from GE as GE gained 3.%. A pledge by the G20 over the weekend to keep stimulus programs in place added to the market's optimism and boosted financial stocks. Bank of America was up 2.6%. Global sales figures from McDonald's sent shares in MCD up 1.4%.
Boeing BA $51.35 +1.67 3.36% 4,443,085 NYSE:
Caterpillar CAT $60 +2.40 4.17% 12,227,460 NYSE:
Chevron CVX $77.66 +0.13 0.17% 13,741,359 NYSE:
Cisco CSCO $23.99 +0.17 0.71% 46,818,066 NASDAQ-GS: Intl Her Trib p19 Cisco extended its offer to buy Norway's Tandberg.
Coca-Cola KO $55.48 +0.99 1.82% 9,603,871 NYSE:
Disney DIS $29 +0.44 1.54% 12,642,878 NYSE:
DuPont DD $34.61 +1.23 3.68% 6,878,408 NYSE:
Exxon Mobil XOM $72.85 +0.27 0.37% 16,804,890 NYSE:
GE $15.85 +0.52 3.39% 102,575,317 NYSE: Fin Times p28 "Kraft formal move on Cadbury helps boost confidence" by Samantha says deal activity by firms from Kraft to Northrup buoyed Wall Street confidence yesterday lifting US stocks higher after last week's strong gains. Follwing an indicative offer 2 months ago, Kraft launched a formal hostile bid for Cadbury yesterday but at the same price. Comcast made progress in its bid to take over NBC Universal from GE as GE gained 3.%. A pledge by the G20 over the weekend to keep stimulus programs in place added to the market's optimism and boosted financial stocks. Bank of America was up 2.6%. Global sales figures from McDonald's sent shares in MCD up 1.4%.
Hewlett-Packard HPQ $49.99 +0.83 1.69% 15,559,461 NYSE:
Home Depot HD $26.81 +0.73 2.8% 13,319,884 NYSE:
Intel INTC $19.46 +0.53 2.8% 51,151,920 NASDAQ-GS:
IBM $126 +2.51 2.03% 7,744,088 NYSE
J.P.Morgan Chase JPM $44.35 +0.87 2% 38,795,596 NYSE:
Johnson & Johnson JNJ $60.75 +0.45 0.75% 11,702,313 NYSE:
Kraft KFT $26.53 -0.25 0.93% 17,051,297 NYSE: Fin Times p28 "Kraft formal move on Cadbury helps boost confidence" by Samantha says deal activity by firms from Kraft to Northrup buoyed Wall Street confidence yesterday lifting US stocks higher after last week's strong gains. Follwing an indicative offer 2 months ago, Kraft launched a formal hostile bid for Cadbury yesterday but at the same price. Comcast made progress in its bid to take over NBC Universal from GE as GE gained 3.%. A pledge by the G20 over the weekend to keep stimulus programs in place added to the market's optimism and boosted financial stocks. Bank of America was up 2.6%. Global sales figures from McDonald's sent shares in MCD up 1.4%.
McDonald's MCD $62.64 +0.92 1.49% 10,502,400 NYSE:
Merck MRK $33.43 +0.84 2.58% 29,172,804 NYSE:
Microsoft MSFT $28.99 +0.47 1.65% 57,316,305 NASDAQ-GS:
Pfizer PFE $17.43 +0.47 2.77% 46,038,172 NYSE: Intl Her. Trib p19 says Pfizer to close 6 of its 20 research labs in wake of Wyeth purchase.
Procter & Gamble PG $61.85 +0.81 1.33% 14,307,662 NYSE:
3M MMM $77.2 +1.79 2.37% 3,950,718 NYSE:
Travelers TRV $53.6 +1.70 3.28% 7,785,832 NYSE:
United Technologie sUTX $66.73 +1.66 2.55% 3,834,542 NYSE:
Verizon VZ $30.17 +0.61 2.06% 19,159,046 NYSE:
Wal-Mart WMT $52 +0.75 1.46% 15,277,053 NYSE:
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Here are the CEOs of the Dow 30 Companies:
T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis (on 10/1 he announced his resignation as of year-end).
BA W. James McNerney, Jr.
CAT James W. Owens who will be replaced by Douglas Oberhelman in 2010.
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Robert 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 Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of
11/6/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $349 [5]
2. Microsoft MSFT 254 [9]
3. WalMart WMT 198 [4]
4. Procter & Gamble PG 178 [3]
5. JPMorgan Chase 171 [4]
6. Johnson & Johnson JNJ 164 [3]
7. GE 163 [10.5]
8. IBM 162 [1.5]
9. Chevron CVX 155 [2]
10. Cisco CSCO 155 [6]
11. AT&T 153 [6]
12. BAC 130 [6.5]
13. Coke KO 126 [2]
14. Hewlett-Packard HPQ 117 [ 2]
15. Pfizer PFE 116 [7]
16. Intel INTC 106 [5.5]
17. Verizon VZ 69 [3]
18. Merck MRK 69 [2
19. McDonald's MCD 67 [1]
20. United Technologies UTX 61 [1]
21. 3M MMM 53 [.5]
22. Disney DIS 53 [2]
23. Home Depot 44 [2]
24. American Express AXP 44 [1]
25. Kraft KFT 40 [1.5]
26. Caterpillar CAT 36 [.5]
27. Boeing BA 34 [1]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 11/7/09 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: 11/6/09 8K announced the completion of the acquisition of Centennial Communications Corp. a regional provider of wireless and wired communications services for $945 million in cash.
11/5/09 10-Q
Alcoa AA: 10/23/09 10Q
American Express AXP: 10/30/09 10Q
Bank of Am BAC: 11/6/09 10Q
Boeing BA: 11/5/09 8K to reflect certain adjustments that have been made to prior year consolidated financial statements that were previously filed with the SEC on Form 10-K for the year ended December 31, 2008.
Caterpiller CAT: 10/30/09 10-Q
Chevron CVX: 11/5/09 10Q
Cisco CSCO: 11/4/09 8K On November 4, 2009, Cisco reported its results of operations for its fiscal first quarter 2010 ended October 24, 2009. Advisor, $750,000.
Coke KO: 10/29/09 10QA
Disney DIS: 10/27/09 Amended S-4 related to the takeover of Marvel.
DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due January 15, 2015 & $1,000,000,000 4.625% Notes due January 15, 2020
ExxonMobil XOM: 11/5/09 10Q
GE: 11/6/09 10QA
Hewlett-Packard HPQ: 9/24/09 8K saying at its Securities Analyst Meeting, HPQ addressed how it is uniquely positioned to grow and expand in the global information technology market. “We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market,” said Mark Hurd, CEO.
Home Depot HD: 9/3/09 10-Q
Intel INTC: 11/5/09 8K Regulation FD Disclosure that on November 4, 2009, NY Attorney General Andrew Cuomo filed a lawsuit against Intel in the US Dist. Ct. for the District of Delaware alleging that Intel has violated the federal antitrust laws, the New York Donnelly Act (N.Y. Gen. Bus. Law § 340 et seq.), and § 63(12) of the New York Executive Law. The lawsuit alleges that Intel has engaged in a worldwide campaign of illegal, exclusionary conduct to maintain Intel’s alleged monopoly power and prices in the market for x86 microprocessors. The lawsuit seeks unspecified damages trebled, restitution, disgorgement, an injunction, $1,000,000 for each violation of the Donnelly Act, and attorneys’ fees and costs. Intel strongly disagrees with the plaintiff’s allegations and claims, and intends to conduct a vigorous defense of the lawsuit.
IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities of the Registrant.
JPMorganChase JPM: 11/6/09 Reg. FD disclosure relating to an investor conference.
Johnson & Johnson JNJ: 11/4/09 10Q
Kraft KFT: 11/3/09 10Q
McDonalds MCD: 11//5/09 10Q
Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.
Microsoft MSFT: 10/23/09 10Q
Pfizer PFE: 11/5/09 10Q
Procter & Gamble PG: 10/29/09 10Q
3M MMM: 10/20/09 10Q
Travelers TRV: 10/22/09 10Q
United Technologies UTX: 10/23/09 10Q
Verizon Communications Inc. VZ:/11/2/09 8K announcing VZ adoption of Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements — an amendment of ARB No. 51 (SFAS No. 160).
Wal-Mart WMT: 8K 9/18/09 pricing agreement relating to a $1 bil Euro Note Offering.