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Post #225 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.
Note: Thank you Ted C. As a result of his recent email Ted C. is entitled to a steak, martini and cigar at NY Prime in Atlanta as my guest as a result of his having the best suggestion for improving this Blog by pointing out I have been incorrectly calculating the daily performance of a $100 investment in the Dow. Again, thank you, Ted.
A read of Monday's 11/23/09 print editions of: Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Ga) 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 Friday's closing price and related data:
Dow:: WSJ pA1 "Investors Retreat, Fearing Unknown" by Tom Lauricella, Joanna Slaer says investors are showing signs of skittishness amid worries that the best days of this yar may be behind hem. Last week saw a steep drop off in stock market trading volume and a surge in demand for short term gov debt, indications that investors and financial institutions are retreating from riskier bests.
As of the close of the market Friday, the current divisor for the Dow found at page C4 of The Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.87 down from Friday's 17.90 (year ago it was 16.85) the P/E estimate is 16.04 up from Friday's 15.82 (year ago it was 8.95) and the current dividend yield is 2.70 up from Friday's 2.69 (it was 4.03 a year ago).
AT&T T $26.02 0.09 0.34% 23,557,729 NYSE: WSJ pR8 "The Economy and Finance" is a roundtable discussion of the economy and finance and Ken Chenault, CEO of AXP, is in this transcripted article of excerpts along with John T. Chambers, CEO of Cisco, Randall L. Stephenson, CEO of AT&T , Louis Cheneveret, CEO of United Technologies John McCain, J.W. Marriot and also the CEO of Westpac Banking Corp., Gail Kelly. Chenault is pictured in a Socrates-like pose hand to chin looking a bit too serious, Chanbers is pictured in a Billy-Graham like pose and Stephenson is shown looking like a clean-up Fonzi, (the character on Happy Days played by Emerson college grad, Henry Winkler.)
Alcoa AA $13.13 0.09 0.68% 22,267,842 NYSE: No mentions found.
American Express AXP $40.93 0.21 0.51% 10,647,343 NYSE: WSJ pR8 "The Economy and Finance" is a roundtable discussion of the economy and finance and Ken Chenault, CEO of AXP, is in this transcripted article of excerpts along with John T. Chambers, CEO of Cisco, Randall L. Stephenson, CEO of AT&T John McCain, J.W. Marriot and also the CEO of Westpac Banking Corp., Gail Kelly. Chenault is pictured in a Socrates-like pose hand to chin looking a bit too serious, Chanbers is pictured in a Billy-Graham like pose and Stephenson is shown looking like a clean-up Fonzi, (the character on Happy Days played by Emerson college grad, Henry Winkler.)
Bank of America BAC $16.09 +0.01 0.06% 127,726,139 NYSE: WSJ pC3 "Issuers Look to '10" by Lynn Cowan says with a few months of mostly positive IPO performance behind and only a few weeks left to go in '09, participants in the US new issues market are already thinking about the busy new year to come. BofA Merrill Lynch is expecting 150 new deals next year up from their original expectation of 100 deals.
WSJ pB5 "Proxy-Voting Advocates Pool Resources on the Web" by Cari Tuna new web sites compiling info, voting recommendations and social networking tools aim to make it easier for investors to vote proxies. One site, MoxyVote.com allows investors to align their votes for or against management, or with interest groups. The sites' backers hope to reverse a decline in proxy participation by retail investors. Among big brokerages, BofA's Merrill Lynch unit allows investors to vote from its site, using Broadridge's technology.
Boeing BA $51.7 +0.27 0.52% 4,685,210 NYSE: Although Boeing is not mentioned there is an article about Boeing's competitor, European Aerospace Defence and Space Co. at WSJ pB4 "EASDS Braces Itself for Insider-Trading Trial" by David Dauthier-Villars, Nathalie Boschat regarding France's probe as to whether EASDS execs knew of problems with A380 Double-Decker Jet before selling shares.
Caterpillar CAT $57.95 0.66 1.13% 8,692,203 NYSE: No mentions found.
Chevron CVX $76.77 0.57 0.74% 10,518,961 NYSE: WSJ pB2 "Big Oil Races for Nigeria Deals" by Will Connnors says Western oil firms operaating in Nigeria are racing to lock up license renewals ahead of legislation that could boost tax and royalty rates. Exxon Mobil Corp. on Fri. became the first big firm to lock in renewals, signing an extension for 20 years, with an option to renew, on 3 of its licenses. Chevron Corp. is also discussion license renewals.
Cisco CSCO $23.46 0.22 0.93% 36,180,447 NASDAQ-GS: WSJ pR8 "The Economy and Finance" is a roundtable discussion of the economy and finance and Ken Chenault, CEO of AXP, is in this transcripted article of excerpts along with John T. Chambers, CEO of Cisco, Randall L. Stephenson, CEO of AT&T John McCain, J.W. Marriot and also the CEO of Westpac Banking Corp., Gail Kelly. Chenault is pictured in a Socrates-like pose hand to chin looking a bit too serious, Chanbers is pictured in a Billy-Graham like pose and Stephenson is shown looking like a clean-up Fonzi, (the character on Happy Days played by Emerson college grad, Henry Winkler.)
Coca-Cola KO $57.48 +0.60 1.05% 10,319,604 NYSE: Fin Times p15 "Coca-Cola to focus on China" by Jonathan Birchall says Coke is planning to more than double its number of bottling plants in China over the coming decade, as part of its goal to triple the size of its sales to China's rapidly emerging middle class. KO plans to double revenues and those of its bottles from almost $100 bil currently to $200 bil over the next 10 years. Related story also by Mr. Birchall at Fin times p16.
Disney DIS $30.01 0.20 0.66% 9,112,830 NYSE: WSJ pB8 "Estimated Box Office Figures, Through Sunday" has Disney's A Christmas Carol at number 5 at 3,578 theaters, with weekend box of $12.2 mil and cumulatively at $79.8 mil; No. 1 is The Twilight Saga: New Moon distributed by Sumitt with weekend box of $140.7 which is also its cumulative cuz it just opened.
DuPont DD $34.51 0.09 0.26% 5,879,093 NYSE: No mentions found.
ExxonMobil XOM $74.38 0.27 0.36% 19,065,539 NYSE: WSJ pB2 "Big Oil Races for Nigeria Deals" by Will Connnors says Western oil firms operating in Nigeria are racing to lock up license renewals ahead of legislation that could boost tax and royalty rates. Exxon MMobil Corp. on Fri. became the first big firm to lock in renewals, signing an extension for 20 years, with an option to renew, on 3 of its licenses. Chevron Corp. is also discussion license renewals.
GE $15.59 0.17 1.08% 63,568,347 NYSE: WSJ pB5 "Vivendi, GE Dig In Heels at Talks Over Price for NBC Universal Stake" by Max Colchester, Sam Schechner says GE and Vivendi SA are wrangling over a price difference of several hundred mil dollars as the French conglomerate seeks to sell its minority stake in NBC Universal. The talks have delayed the completion of a deal GE has largely ironed out in recent weeks that could give US cable giant Comcast Corp. control of NBC Universal. GE owns 80% of NBC Universal. Vivendi must agree to sell its 20% stake for the Comcast deal to proceed.
Hewlett-Packard HPQ $50.04 +0.22 0.44% 14,334,709 NYSE: NYT pB3 says Hewlett-Packard will report earnings later today.
Home Depot HD $27.18 +0.07 0.26% 17,298,732 NYSE: No mentions found.
Intel INTC $19.24 0.06 0.31% 48,741,342 NASDAQ-GS: No mentions found.
IBM $126.96 0.58 0.45% 5,312,986 NYSE: NYT pB5 "A Translator Tool With a Human Touch" by Noam Cohen says an IBM team of 100 is working on a project to create an automatic translation tool, so called machine translation, that has the speed and accuracy to be used in instant messaging between speakers of 2 different langauges. The project, called n.Fluent, is intended to teach the computer terminology that is specific to IBM's businesses and allow the computer to learn what it has been doing wrong. IBM is extracting and organizing contributions from its 400,000 ember work force spread across more than 170 nations.
WSJ pB8 "Marketers Find Web Cat Can Be Inspriring" by Emily Steel says IBM and a handful of other major marketers, including casino operator Harrah's Entertainment and Microsoft, are experimenting wih developing ad campaigns based in part on what consumers are chatting about on he web. Advertisers are using new technologies to scan the Web for key words to find out what consumers are and are not saying about their brands. They they are incorporating those findings into more conventional research and using them to choose the overall themes of their campaigns and also use specific text and photos for their ads. In creating a recent campaign for its Lotus biz software, IBM and its ad agency Ogilvy North America, taped sources ranging from consumers' Web searches to the comments they posted on video sites like Google's YouTobe to their conversations on social media sites like Twitter. IBM found out that customers tended to care less about its technologies themselves than what those technologies could do for them. Instead of talking about voice over Internet protocol or cloud delivery models, for example, they talked about having conversations and meetings.
J.P.Morgan Chase JPM $42.46 0.09 0.21% 25,221,159 NYSE: NYT pB2 "After Bailout, The Haggling" is an itme that says the warrants to buy JPM's stock will be auctioned off by the gov because JPM couldn't agree on a price with the Treasury on the warrants because the gov sought $2 bil and JPM didn't want to pay that much.
Daily Report p6 "Buffetts' Berkshire taps JPMorgan, Wells Fargo to takeover loan" by Bloomberg news say JPM and Wells Fargo are arranging an $8 bil loan for Berkshire Hathaway to help finance the takeover of railroad Burlington Northern Santa Fe Corp.
Johnson & Johnson JNJ $62.31 0.12 0.19% 16,270,346 NYSE: No mentions found.
Kraft KFT $27.17 +0.20 0.74% 11,302,268 NYSE: NYT pB1 "Some rivals Weigh Bids for Cadbury" by Michael J. de la Merced, Andrew Ross Sorkin says other snack firms are weighing competing bids against Kraft's $16.7 bil offer for Cadbury. Hershey is thinking abou an offer of at least $17 bil, while Nestle of Switzerland and Ferrero of Italy are pondering thei options. Cadbury's CEO Roger Carr said Sun. that it wold prefer to remain independent but it would consider any compelling offer from a serious source.
Related story at Fin Times p19 "Cadbury set to give Hershey a warm welcome" by Jenny Wiggins says Cadbury and Hershey were founded "on similar values." Cadbury was founded by Waukes who believved tea, coffee and cocoa drinks cold serve as an alternative to alcohol. Milton Hershey, the founder of Hershey, built a town for its workers and set up the charitable Hershey Trust to manage a school for orphans.
McDonald's MCD $63.97 +0.56 0.88% 8,829,416 NYSE: No mentions found.
Merck MRK $36.46 +1.13 3.2% 36,277,143 NYSE: No mentions found.
Microsoft MSFT $29.62 0.16 0.54% 42,156,703 NASDAQ-GS: Fin Times p1 above the fold headline "Microsoft and News Corp eye web pact" by Mathew Garrahan, Richard Waters, Andrew Edgecliffe-Johnson says Microsoft has had discussions with News Corp. over a plan that could involve News Corp being paid to de-index its news websites from Google, setting the scene for a search engine battle that could offer a ray of light to the newspaper industry. The impetus for the talks came from News Corp, owner of newspapers ranginging fromt The wall St. Journal to the Sun in UK. Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine. Microsoft's rival search engine is Bing.
WSJ pB8 "Marketers Find Web Cat Can Be Inspiring" by Emily Steel says IBM and a handful of other major marketers, including casino operator Harrah's Entertainment and Microsoft, are experimenting wih developing ad campaigns based in part on what consumers are chatting about on he web. Advertisers are using new technologies to scan the Web for key words to find out what consumers are and are not saying about their brands. They they are incorporating those findings into more conventional research and using them to choose the overall themes of their campaigns and also use specific text and photos for their ads. In creating a recent campaign for its Lotus biz software, IBM and its ad agency Ogilvy North America, taped sources ranging from consumers' Web searches to the comments they posted on video sites like Google's YouTobe to their conversations on social media sites like Twitter. IBM found out that customers tended to care less about its technologies themselves than what those technologies could do for them. Instead of talking about voice over Internet protocol or cloud delivery models, for example, they talked about having conversations and meetings.
Pfizer PFE $18.36 +0.25 1.38% 60,772,795 NYSE: No mentions found.
Procter & Gamble PG $61.8 0.35 0.56% 12,337,073 NYSE: No mentions found.
3M MMM $76.64 0.61 0.79% 3,025,314 NYSE: No mentions found.
Travelers TRV $52.38 0.30 0.57% 4,104,310 NYSE: No mentions found.
United Technologies UTX $67.97 0.04 0.06% 3,359,181 NYSE: WSJ pR8 "The Economy and Finance" is a roundtable discussion of the economy and finance and Ken Chenault, CEO of AXP, is in this transcripted article of excerpts along with John T. Chambers, CEO of Cisco, Randall L. Stephenson, CEO of AT&T , Louis Cheneveret, CEO of United Technologies, John McCain, J.W. Marriot and also the CEO of Westpac Banking Corp., Gail Kelly. Chenault is pictured in a Socrates-like pose hand to chin looking a bit too serious, Chanbers is pictured in a Billy-Graham like pose and Stephenson is shown looking like a clean-up Fonzi, (the character on Happy Days played by Emerson college grad, Henry Winkler.)
Verizon VZ $30.43 0.09 0.29% 11,362,498 NYSE: No mentions found.
Walmart WMT $54.28 0.26 0.48% 14,721,405 NYSE: No mentions found.
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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.
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