11/28/09 Saturday WalMart Wins Canada case over Store Closing

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Post #234 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.


Today's read of the print edition of The Wall Street Journal, Financial Times, The New York Times 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:

The Dow Jones Industrial Average closed Friday at 10309.92 down 154.48 or 1.48 from Thursday's close of 10,464.4. For the week, the Dow was down 8.24 from last Friday's Dow close of 10,318.16. Of the 30 Dow Companies: all 30 declined. The biggest decliner dollar-wise was Exxon Mobil XOM $74.87 -1.60 2.09% 12,104,768 NYSE and percentage-wise was BAC $15.47 -0.48 3.01% 96,686,916 NYSE.

WSJ pB1 "US Stocks, A Day After, Fall 154.48 by Peter A. McKay and WSJ pB3 "Caterpillar, Alcoa, BofA Slide" by Donna Kardos Yesalavich say US stocks fell in a thinly traded and shortened session Fri., as fears over the potential impact of debt problems at Dubai World sent investors fleeing a broad range of stocks such as Caterpillar, BofA and Alcoa.

Fin Times p14 "Plunging oil prices take a toll on energy sector" by Samantha Pearson, Michael Mackenzie says energy stocks dragged the market lower Fri as Wall St. floundered in the aftermath of Dubai World's request for a debt standstill. Exxon Mobil lost 2.1% and Chevron was down 3.9%.

As of the open of the market Friday, the current divisor for the Dow found at page B4 of The Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.89 down from Friday's 17.89 (year ago it was 18.48) the P/E estimate is 16.04 unchanged (year ago it was 10.27) and the current dividend yield is 2.71 up from Friday's 2.66 (it was 3.58 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1364.20 down 20.44 from Thursday's closing Dow numerator of 1384.64. 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 of 20.44 for Friday by the divisor you get the decrease in Friday's Dow close of 154.48.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 45.47 down 0.70 from Thursday's Dow Jones Industrial Average closing price of $46.17. The median closing price of Friday's Dow Jones Industrial Average was $41.09. The lowest volume Friday was again 3M MMM $76.75 -1.16 1.49% 1,865,886 NYSE NYSE and the highest volume again was Bank of Am BAC $15.47 -0.48 3.01% 96,686,916 NYSE.

If Friday morning before the market opened you had purchased 100 shares 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 $2,100. $ ($138,510 -$136,410).

AT&T T $26.99 -0.09 0.33% 16,259,375 NYSE
Alcoa AA $12.66 -0.34 2.62% 15,557,325 NYSE: WSJ pB1 "US Stocks, A Day After, Fall 154.48 by Peter A. McKay and WSJ pB3 "Caterpillar, Alcoa, BofA Slide" by Donna Kardos Yesalavich say US stocks fell in a thinly traded and shortened session Fri., as fears over the potential impact of debt problems at Dubai World sent investors fleeing a broad range of stocks such as Caterpillar, BofA and Alcoa.

American ExpressAXP $40.84 -0.88 2.11% 6,004,141 NYSE:

Bank of America BAC $15.47 -0.48 3.01% 96,686,916 NYSE: WSJ pB1 "US Stocks, A Day After, Fall 154.48 by Peter A. McKay and WSJ pB3 "Caterpillar, Alcoa, BofA Slide" by Donna Kardos Yesalavich say US stocks fell in a thinly traded and shortened session Fri., as fears over the potential impact of debt problems at Dubai World sent investors fleeing a broad range of stocks such as Caterpillar, BofA and Alcoa.

Boeing BA $52.45 -0.48 0.91% 3,281,352 NYSE

Caterpillar CAT $57.45 -1.59 2.69% 5,189,444 NYSE: WSJ pB1 "US Stocks, A Day After, Fall 154.48 by Peter A. McKay and WSJ pB3 "Caterpillar, Alcoa, BofA Slide" by Donna Kardos Yesalavich say US stocks fell in a thinly traded and shortened session Fri., as fears over the potential impact of debt problems at Dubai World sent investors fleeing a broad range of stocks such as Caterpillar, BofA and Alcoa.

Chevron CVX $78.17 -1.47 1.85% 5,649,677 NYSE: Fin Times p14 "Plunging oil prices take a toll on energy sector" by Samantha Pearson, Michael Mackenzie says energy stocks dragged the market lower Fri as Wall St. floundered in the aftermath of Dubai World's request for a debt standstill. Exxon Mobil lost 2.1% and Chevron was down 3.9%.

Cisco CSCO $23.38 -0.36 1.52% 21,773,858 NASDAQ-GS

Coca-Cola KO $57.18 -0.93 1.6% 7,837,689 NYSE

Disney DIS $30.35 -0.26 0.85% 5,688,000 NYSE

DuPont DD $34.4 -0.75 2.13% 2,594,556 NYSE

ExxonMobil XOM $74.87 -1.60 2.09% 12,104,768 NYSE: Fin Times p14 "Plunging oil prices take a toll on energy sector" by Samantha Pearson, Michael Mackenzie says energy stocks dragged the market lower Fri as Wall St. floundered in the aftermath of Dubai World's request for a debt standstill. Exxon Mobil lost 2.1% and Chevron was down 3.9%.

GE $15.94 -0.24 1.48% 60,916,051 NYSE

Hewlett-Packard HPQ $49.07 -0.98 1.96% 9,948,935 NYSE

Home Depot HD $27.61- 0.24 0.86% 7,517,737 NYSE

Intel INTC $19.11 -0.23 1.19% 35,747,431 NASDAQ-GS

IBM $125.7 -1.58 1.24% 3,319,189 NYSE

J.P.Morgan Chase JPM $41.33- 0.83 1.97% 26,230,027 NYSE

Johnson & Johnson JNJ $62.89 -0.41 0.65% 6,080,942 NYSE

Kraft KFT $26.64 -0.16 0.6% 4,468,515 NYSE: Fin Times p1 "Cadbury chief Stitzer warming to potential tie up with Hershey" by Jenny Wiggins says Todd Stitzer, Cadbury ceo has signaled support for a possible tie up with Hershey, declaring the US firm would be a better fit with it than Kraft, who made a $16.4 bil hostile bid.

Related story at Fin times p9 "Cadbury chief sweet on family values" by Jenny Wiggins.

McDonald's MCD $63.6 -0.85 1.32% 3,557,849 NYSE

Merck MRK $36.29 -0.28 0.77% 8,971,830 NYSE

Microsoft MSFT $29.22 -0.57 1.91% 29,357,742 NASDAQ-GS

Pfe PFE $18.25 -0.34 1.83% 22,830,294 NYSE

Procter & Gamble PG $62.48 -0.39 0.62% 6,195,459 NYSE

3M MMM $76.75 -1.16 1.49% 1,865,886 NYSE

Travelers TRV $51.65 -1.11 2.1% 2,433,045 NYSE

United Technologies UTX $67.2 -1.11 1.62% 2,598,992 NYSE

VerizonVZ $31.63 -0.40 1.25% 8,551,812 NYSE

WalMart WMT $54.63 -0.33 0.6% 7,528,648 NYSE: WSJ pB5 "Canada's Top Court Backs WalMart in Store Closing" says Canada's top court has ruled in favor of Walmart's Canadian unit over the closure of a unionized store in Quebec 4 years ago. The store made headlines when it was unionized in '04 without a vote but Walmart shut the store the following year saying it wasn't making money.