www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 804 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
A read of Monday's (1/3/11) Barron's and Saturday's New York Times, & Atlanta Journal Constitution 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 stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 11,577.51 up 7.8 points or 0.07% from Thursday's close of 11,569.71. For 2010 the Dow was up 11.02%. Of the 30 Dow Jones component companies 20 gained, Cisco and McDonald's were unchanged and 8 declined. The biggest gainer dollar-wise was American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE and percentage-wise was Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE. The biggest decliner dollar-wise was Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE and percentage-wise was Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of Friday's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,529.73 up 1.04 from Thursday's closing numerator of 1,528.69. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $50.99 up $0.03 from Thursday's Dow Jones Industrial Average average closing price of $50.96. The median closing price of Friday's Dow Jones Industrial Average was $42.47 (AXP/HPQ up $0.38 from Thursday's median closing price of $42.39. The lowest volume was 3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE and the highest volume was again Bank of America BAC $13.34 +0.06 0.45% 62,264,782 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 nade $83 ($152,973 - $152,880).
MarketWatch Friday 12/31/10 4:25 by Nick Godt says U.S. stocks ended 2010 with strong gains, advancing for the second year in a row, as stimulus measures from the Federal Reserve and the government and recent signs of improvement in the economy encouraged investors' spirits. The Dow Jones Industrial Average (DJIA 11,578, +7.80, +0.07%) closed the year at 11,577.51 on Friday, up 7.8 points for the session, and less than 10 points below a two-year high it reached on Wednesday. The Dow jumped 5.2% in December and is up 11% for the year. The S&P 500 index (SPX 1,258, -0.24, -0.02%) fell 0.24 point to 1,257.64 on Friday. The broad index still jumped 6.5% for the month and is up 12.8% in 2010. The Nasdaq Composite (COMP 2,653, -10.11, -0.38%) fell 10.11 points, or 0.4%, to 2,652.87 Friday, leaving it with 6.2% advance in December and a 16.9% gain for the year.
Friday's Closing Dow Numbers and News from Barron's:
AT&T T $29.38 +0.05 0.17% 15,065,095 NYSE:
Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE:
American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE:
Bank of America BAC $13.34 +0.06 0.45% 62,264,782 NYSE: Sat AJC pA12 "No easy break for Bankof America" by David Hilzenrath, Washington Bost says BofA and its Countrywide mortgage unit lost a major procedural ruling brought by MBIA insurance Corp. The NY State Supreme Court said that instead of spending $75 and 4 years to evaluate 368,000 disputed loan, MBIA can pursue its case on a statistical sample of 6,000 disputed loans.
Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Barron's pM11 "The force is with financials" by Steven M. Sears says that the options action is bullish in out of the money calls on JPMorgan and Bank of America that assumes their dividends will mroe than double in the first quarter which will attract new buyers and cause the stocks' prices to advance.
Boeing BA $65.27 +0.26 0.4% 1,854,369 NYSE:
Caterpillar CAT $93.69 -0.18 0.19% 2,331,152 NYSE: Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Cisco CSCO $20.23 unch unch 28,232,362 NASDAQ-GS: Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Coke KO $65.8 +0.30 0.46% 4,570,778 NYSE:
Disney DIS $37.51 +0.03 0.08% 3,620,473 NYSE:
DuPont DD $49.9 +0.21 0.42% 2,010,059 NYSE:
Exxon XOM $73.15 -0.21 0.29% 12,302,082 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
GE $18.31 +0.12 0.66% 23,575,830 NYSE:
Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE: Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Home Depot HD $35.06 +0.20 0.57% 5,389,274 NYSE:
Intel INTC $21.03 +0.01 0.05% 15,404,826 NASDAQ-GS: Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
IBM $146.76 +0.09 0.06% 2,948,306 NYSE:
JPMorgan JPM $42.45 +0.22 0.52% 10,558,510 NYSE: Barron's pM11 "The force is with financials" by Steven M. Sears says that the options action is bullish in out of the money calls on JPMorgan and Bank of America that assumes their dividends will mroe than double in the first quarter which will attract new buyers and cause the stocks' prices to advance.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Johnson & Johnson JNJ $61.87 -0.07 0.11% 4,005,691 NYSE:
Kraft KFT $31.53 +0.02 0.06% 2,704,459 NYSE:
McDonald's MCD $76.76 unch unch 2,473,730 NYSE:
Merck MRK $36.04 +0.03 0.08% 5,423,740 NYSE:
Microsoft MSFT $27.91 +0.06 0.22% 24,168,036 NASDAQ-GS: Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Pfizer PFE $17.51 +0.02 0.11% 23,675,316 NYSE: AJC pA11 "Pfizer owes $1.5 mil afte woman gets cancer" says Pfizer must pay $1.5 mil in damages to a pharmacist whod eveloped breat cancer after taking a menopause drug, a jury in Purerto Rico ruled.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Procter & Gamble PG $64.33 +0.05 0.08% 5,220,565 NYSE:
3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE:
Travelers TRV $55.71 +0.17 0.31% 1,898,175 NYSE:
United Technologies UTX $78.72 -0.13 0.16% 1,780,207 NYSE:
Verizon VZ $35.78 +0.22 0.62% 12,046,196 DualListed: Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Walmart WMT $53.93 -0.14 0.26% 7,068,759 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
Friday, December 31, 2010
12/31/10 Fri pm Dow Closes at 11,577.51 up 7.8 Points or 0.07%
www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 803 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Friday at 11,577.51 up 7.8 points or 0.07% from Thursday's close of 11,569.71. Of the 30 Dow Jones component companies 20 gained, Cisco and McDonald's were unchanged and 8 declined. The biggest gainer dollar-wise was American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE and percentage-wise was Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE. The biggest decliner dollar-wise was Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE and percentage-wise was Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,529.73 up 1.04 from Thursday's closing numerator of 1,528.69. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $50.99 up $0.03 from Thursday's Dow Jones Industrial Average average closing price of $50.96. The median closing price of Friday's Dow Jones Industrial Average was $42.47 (AXP/HPQ up $0.38 from Thursday's median closing price of $42.39. The lowest volume was 3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE and the highest volume was again Bank of America BAC $13.34 +0.06 0.45% 62,264,782 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 nade $83 ($152,973 - $152,880).
MarketWatch Friday 12/31/10 4:25 by Nick Godt says U.S. stocks ended 2010 with strong gains, advancing for the second year in a row, as stimulus measures from the Federal Reserve and the government and recent signs of improvement in the economy encouraged investors' spirits. The Dow Jones Industrial Average (DJIA 11,578, +7.80, +0.07%) closed the year at 11,577.51 on Friday, up 7.8 points for the session, and less than 10 points below a two-year high it reached on Wednesday. The Dow jumped 5.2% in December and is up 11% for the year. The S&P 500 index (SPX 1,258, -0.24, -0.02%) fell 0.24 point to 1,257.64 on Friday. The broad index still jumped 6.5% for the month and is up 12.8% in 2010. The Nasdaq Composite (COMP 2,653, -10.11, -0.38%) fell 10.11 points, or 0.4%, to 2,652.87 Friday, leaving it with 6.2% advance in December and a 16.9% gain for the year.
Friday's Closing Dow Numbers:
AT&T T $29.38 +0.05 0.17% 15,065,095 NYSE
Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE
American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE
Bank of America BAC $13.34 +0.06 0.45% 62,264,782 NYSE
Boeing BA $65.27 +0.26 0.4% 1,854,369 NYSE
Caterpillar CAT $93.69 -0.18 0.19% 2,331,152 NYSE
Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE
Cisco CSCO $20.23 unch unch 28,232,362 NASDAQ-GS
Coke KO $65.8 +0.30 0.46% 4,570,778 NYSE
Disney DIS $37.51 +0.03 0.08% 3,620,473 NYSE
DuPont DD $49.9 +0.21 0.42% 2,010,059 NYSE
Exxon XOM $73.15 -0.21 0.29% 12,302,082 NYSE
GE $18.31 +0.12 0.66% 23,575,830 NYSE
Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE
Home Depot HD $35.06 +0.20 0.57% 5,389,274 NYSE
Intel INTC $21.03 +0.01 0.05% 15,404,826 NASDAQ-GS
IBM $146.76 +0.09 0.06% 2,948,306 NYSE
JPMorgan JPM $42.45 +0.22 0.52% 10,558,510 NYSE
Johnson & Johnson JNJ $61.87 -0.07 0.11% 4,005,691 NYSE
Kraft KFT $31.53 +0.02 0.06% 2,704,459 NYSE
McDonald's MCD $76.76 unch unch 2,473,730 NYSE
Merck MRK $36.04 +0.03 0.08% 5,423,740 NYSE
Microsoft MSFT $27.91 +0.06 0.22% 24,168,036 NASDAQ-GS
Pfizer PFE $17.51 +0.02 0.11% 23,675,316 NYSE
Procter & Gamble PG $64.33 +0.05 0.08% 5,220,565 NYSE
3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE
Travelers TRV $55.71 +0.17 0.31% 1,898,175 NYSE
United Technologies UTX $78.72 -0.13 0.16% 1,780,207 NYSE
Verizon VZ $35.78 +0.22 0.62% 12,046,196 DualListed
Walmart WMT $53.93 -0.14 0.26% 7,068,759 NYSE
******************
The following are excerpts from Friday morning's Blog.
A read of Friday's 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 Thursday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. For the year the Dow is up 10.95%. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS . The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
Fin Times p18 "Anadarko shale gas prospects attract bid speculation" by Telis Demos says US energy shares saw a slight lift after BHP Billiton was said to be considering a $90 a sahre bid for Anadarko Petroleum, the US based oil and gas explorer.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers and Friday's News:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE: No mentions found.
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE: No mentions found.
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE: WSJ pC3 "BofA's last picture show" by Shira Ovide says Bank of America is closing a Chicago area branch that housed a movie cinema that every Saturday night for the past 38 years would show a film for people who knew about it even though were was no marquee and advertising.
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE:
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE:WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE: No mentions found.
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS: No mentions found.
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE: No mentions found.
DIS $37.48 -0.12 0.32% 3,378,819 NYSE: No mentions found.
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE: No mentions found.
GE $18.19 -0.08 0.44% 28,776,540 NYSE: No mentions found.
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE: No mentions found.
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE: WSJ pC1 "Retailers swipe at credit card plan" by Robin Sidel says Home Depot and others are urging the Fed Res to drop a proposed rule in the Credit Card Act that would require credit card issuers to consider only a borrower's independent income rather than household income.
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS: No mentions found.
IBM $146.67 +0.15 0.1% 3,012,779 NYSE: No mentions found.
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE: WSJ pC3 "J.P. Morgan sued over Petters Ponzi" says the trustee trying to recoup money for the firms of convicted Ponzi scheme figure Tom Petters has sued J.P. Morgan Chase seeking $300 mil saying it knew or should have known that funds Petters used to buy Polaroid were from his Ponzi scheme.
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE: No mentions found.
KFT $31.51 -0.05 0.16% 3,990,181 NYSE: No mentions found.
MCD $76.76 -0.23 0.3% 2,557,722 NYSE: No mentions found.
MRK $36.01 -0.20 0.55% 5,070,191 NYSE: No mentions found.
Microsoft MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE: No mentions found.
3M MMM $86.54 -0.22 0.25% 1,498,170 NYSE: WSJ pB2 "3M sued over pollution claim" says Minnesota Atty Gen'l Lori Swanson sued 3M claiming a chemical it used to make various products caused damage to ground and surface water.
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE: No mentions found.
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE: No mentions found.
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed: No mentions found.
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE: Fin Times p12 "Walmart's Asian growth sets trend for global empire" by Jonathan Birchall says in 2 years Walmart has grown more abroad than in the US. Int'l businesses, such as Selyu in Japan, account for over a quarter of Walmart's annual revenues, but are less profitable than the US parent.
WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 803 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Friday at 11,577.51 up 7.8 points or 0.07% from Thursday's close of 11,569.71. Of the 30 Dow Jones component companies 20 gained, Cisco and McDonald's were unchanged and 8 declined. The biggest gainer dollar-wise was American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE and percentage-wise was Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE. The biggest decliner dollar-wise was Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE and percentage-wise was Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,529.73 up 1.04 from Thursday's closing numerator of 1,528.69. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $50.99 up $0.03 from Thursday's Dow Jones Industrial Average average closing price of $50.96. The median closing price of Friday's Dow Jones Industrial Average was $42.47 (AXP/HPQ up $0.38 from Thursday's median closing price of $42.39. The lowest volume was 3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE and the highest volume was again Bank of America BAC $13.34 +0.06 0.45% 62,264,782 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 nade $83 ($152,973 - $152,880).
MarketWatch Friday 12/31/10 4:25 by Nick Godt says U.S. stocks ended 2010 with strong gains, advancing for the second year in a row, as stimulus measures from the Federal Reserve and the government and recent signs of improvement in the economy encouraged investors' spirits. The Dow Jones Industrial Average (DJIA 11,578, +7.80, +0.07%) closed the year at 11,577.51 on Friday, up 7.8 points for the session, and less than 10 points below a two-year high it reached on Wednesday. The Dow jumped 5.2% in December and is up 11% for the year. The S&P 500 index (SPX 1,258, -0.24, -0.02%) fell 0.24 point to 1,257.64 on Friday. The broad index still jumped 6.5% for the month and is up 12.8% in 2010. The Nasdaq Composite (COMP 2,653, -10.11, -0.38%) fell 10.11 points, or 0.4%, to 2,652.87 Friday, leaving it with 6.2% advance in December and a 16.9% gain for the year.
Friday's Closing Dow Numbers:
AT&T T $29.38 +0.05 0.17% 15,065,095 NYSE
Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE
American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE
Bank of America BAC $13.34 +0.06 0.45% 62,264,782 NYSE
Boeing BA $65.27 +0.26 0.4% 1,854,369 NYSE
Caterpillar CAT $93.69 -0.18 0.19% 2,331,152 NYSE
Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE
Cisco CSCO $20.23 unch unch 28,232,362 NASDAQ-GS
Coke KO $65.8 +0.30 0.46% 4,570,778 NYSE
Disney DIS $37.51 +0.03 0.08% 3,620,473 NYSE
DuPont DD $49.9 +0.21 0.42% 2,010,059 NYSE
Exxon XOM $73.15 -0.21 0.29% 12,302,082 NYSE
GE $18.31 +0.12 0.66% 23,575,830 NYSE
Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE
Home Depot HD $35.06 +0.20 0.57% 5,389,274 NYSE
Intel INTC $21.03 +0.01 0.05% 15,404,826 NASDAQ-GS
IBM $146.76 +0.09 0.06% 2,948,306 NYSE
JPMorgan JPM $42.45 +0.22 0.52% 10,558,510 NYSE
Johnson & Johnson JNJ $61.87 -0.07 0.11% 4,005,691 NYSE
Kraft KFT $31.53 +0.02 0.06% 2,704,459 NYSE
McDonald's MCD $76.76 unch unch 2,473,730 NYSE
Merck MRK $36.04 +0.03 0.08% 5,423,740 NYSE
Microsoft MSFT $27.91 +0.06 0.22% 24,168,036 NASDAQ-GS
Pfizer PFE $17.51 +0.02 0.11% 23,675,316 NYSE
Procter & Gamble PG $64.33 +0.05 0.08% 5,220,565 NYSE
3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE
Travelers TRV $55.71 +0.17 0.31% 1,898,175 NYSE
United Technologies UTX $78.72 -0.13 0.16% 1,780,207 NYSE
Verizon VZ $35.78 +0.22 0.62% 12,046,196 DualListed
Walmart WMT $53.93 -0.14 0.26% 7,068,759 NYSE
******************
The following are excerpts from Friday morning's Blog.
A read of Friday's 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 Thursday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. For the year the Dow is up 10.95%. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS . The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
Fin Times p18 "Anadarko shale gas prospects attract bid speculation" by Telis Demos says US energy shares saw a slight lift after BHP Billiton was said to be considering a $90 a sahre bid for Anadarko Petroleum, the US based oil and gas explorer.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers and Friday's News:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE: No mentions found.
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE: No mentions found.
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE: WSJ pC3 "BofA's last picture show" by Shira Ovide says Bank of America is closing a Chicago area branch that housed a movie cinema that every Saturday night for the past 38 years would show a film for people who knew about it even though were was no marquee and advertising.
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE:
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE:WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE: No mentions found.
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS: No mentions found.
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE: No mentions found.
DIS $37.48 -0.12 0.32% 3,378,819 NYSE: No mentions found.
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE: No mentions found.
GE $18.19 -0.08 0.44% 28,776,540 NYSE: No mentions found.
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE: No mentions found.
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE: WSJ pC1 "Retailers swipe at credit card plan" by Robin Sidel says Home Depot and others are urging the Fed Res to drop a proposed rule in the Credit Card Act that would require credit card issuers to consider only a borrower's independent income rather than household income.
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS: No mentions found.
IBM $146.67 +0.15 0.1% 3,012,779 NYSE: No mentions found.
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE: WSJ pC3 "J.P. Morgan sued over Petters Ponzi" says the trustee trying to recoup money for the firms of convicted Ponzi scheme figure Tom Petters has sued J.P. Morgan Chase seeking $300 mil saying it knew or should have known that funds Petters used to buy Polaroid were from his Ponzi scheme.
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE: No mentions found.
KFT $31.51 -0.05 0.16% 3,990,181 NYSE: No mentions found.
MCD $76.76 -0.23 0.3% 2,557,722 NYSE: No mentions found.
MRK $36.01 -0.20 0.55% 5,070,191 NYSE: No mentions found.
Microsoft MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE: No mentions found.
3M MMM $86.54 -0.22 0.25% 1,498,170 NYSE: WSJ pB2 "3M sued over pollution claim" says Minnesota Atty Gen'l Lori Swanson sued 3M claiming a chemical it used to make various products caused damage to ground and surface water.
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE: No mentions found.
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE: No mentions found.
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed: No mentions found.
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE: Fin Times p12 "Walmart's Asian growth sets trend for global empire" by Jonathan Birchall says in 2 years Walmart has grown more abroad than in the US. Int'l businesses, such as Selyu in Japan, account for over a quarter of Walmart's annual revenues, but are less profitable than the US parent.
WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
12/31/10 Fri am JPMorgan Sued Over Ponzi; 3M Sued by Minn AG for Pollution
www.DowJonesMonitor.com
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Post No. 802 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
A read of Friday's 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 Thursday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. For the year the Dow is up 10.95%. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS . The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
Fin Times p18 "Anadarko shale gas prospects attract bid speculation" by Telis Demos says US energy shares saw a slight lift after BHP Billiton was said to be considering a $90 a sahre bid for Anadarko Petroleum, the US based oil and gas explorer.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers and Friday's News:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE: No mentions found.
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE: No mentions found.
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE: WSJ pC3 "BofA's last picture show" by Shira Ovide says Bank of America is closing a Chicago area branch that housed a movie cinema that every Saturday night for the past 38 years would show a film for people who knew about it even though were was no marquee and advertising.
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE:
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE:WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE: No mentions found.
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS: No mentions found.
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE: No mentions found.
DIS $37.48 -0.12 0.32% 3,378,819 NYSE: No mentions found.
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE: No mentions found.
GE $18.19 -0.08 0.44% 28,776,540 NYSE: No mentions found.
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE: No mentions found.
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE: WSJ pC1 "Retailers swipe at credit card plan" by Robin Sidel says Home Depot and others are urging the Fed Res to drop a proposed rule in the Credit Card Act that would require credit card issuers to consider only a borrower's independent income rather than household income.
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS: No mentions found.
IBM $146.67 +0.15 0.1% 3,012,779 NYSE: No mentions found.
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE: WSJ pC3 "J.P. Morgan sued over Petters Ponzi" says the trustee trying to recoup money for the firms of convicted Ponzi scheme figure Tom Petters has sued J.P. Morgan Chase seeking $300 mil saying it knew or should have known that funds Petters used to buy Polaroid were from his Ponzi scheme.
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE: No mentions found.
KFT $31.51 -0.05 0.16% 3,990,181 NYSE: No mentions found.
MCD $76.76 -0.23 0.3% 2,557,722 NYSE: No mentions found.
MRK $36.01 -0.20 0.55% 5,070,191 NYSE: No mentions found.
Microsoft MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE: No mentions found.
3M MMM $86.54 -0.22 0.25% 1,498,170 NYSE: WSJ pB2 "3M sued over pollution claim" says Minnesota Atty Gen'l Lori Swanson sued 3M claiming a chemical it used to make various products caused damage to ground and surface water.
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE: No mentions found.
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE: No mentions found.
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed: No mentions found.
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE: Fin Times p12 "Walmart's Asian growth sets trend for global empire" by Jonathan Birchall says in 2 years Walmart has grown more abroad than in the US. Int'l businesses, such as Selyu in Japan, account for over a quarter of Walmart's annual revenues, but are less profitable than the US parent.
WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
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Post No. 802 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
A read of Friday's 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 Thursday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. For the year the Dow is up 10.95%. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS . The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
Fin Times p18 "Anadarko shale gas prospects attract bid speculation" by Telis Demos says US energy shares saw a slight lift after BHP Billiton was said to be considering a $90 a sahre bid for Anadarko Petroleum, the US based oil and gas explorer.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers and Friday's News:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE: No mentions found.
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE: No mentions found.
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE: WSJ pC3 "BofA's last picture show" by Shira Ovide says Bank of America is closing a Chicago area branch that housed a movie cinema that every Saturday night for the past 38 years would show a film for people who knew about it even though were was no marquee and advertising.
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE:
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE:WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE: No mentions found.
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS: No mentions found.
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE: No mentions found.
DIS $37.48 -0.12 0.32% 3,378,819 NYSE: No mentions found.
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE: NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE: No mentions found.
GE $18.19 -0.08 0.44% 28,776,540 NYSE: No mentions found.
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE: No mentions found.
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE: WSJ pC1 "Retailers swipe at credit card plan" by Robin Sidel says Home Depot and others are urging the Fed Res to drop a proposed rule in the Credit Card Act that would require credit card issuers to consider only a borrower's independent income rather than household income.
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS: No mentions found.
IBM $146.67 +0.15 0.1% 3,012,779 NYSE: No mentions found.
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE: WSJ pC3 "J.P. Morgan sued over Petters Ponzi" says the trustee trying to recoup money for the firms of convicted Ponzi scheme figure Tom Petters has sued J.P. Morgan Chase seeking $300 mil saying it knew or should have known that funds Petters used to buy Polaroid were from his Ponzi scheme.
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE: No mentions found.
KFT $31.51 -0.05 0.16% 3,990,181 NYSE: No mentions found.
MCD $76.76 -0.23 0.3% 2,557,722 NYSE: No mentions found.
MRK $36.01 -0.20 0.55% 5,070,191 NYSE: No mentions found.
Microsoft MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE: WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
NYT pB5 "Shares slip back from 2 year highs" by Bloomberg says stocks declined on Thurs despite reports showing a drop in jobless claims, the fastest business expansion in 2 decades and a gain in pending home sales. American Express, DuPont and Pfizer had the biggest declines in the Dow, as it slipped from 2 year highs. Amex fell 0.8%, DuPont fell 0.7% and Pfizer, the world's biggest drug maker, declined 0.6%.
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE: No mentions found.
3M MMM $86.54 -0.22 0.25% 1,498,170 NYSE: WSJ pB2 "3M sued over pollution claim" says Minnesota Atty Gen'l Lori Swanson sued 3M claiming a chemical it used to make various products caused damage to ground and surface water.
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE: No mentions found.
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE: No mentions found.
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed: No mentions found.
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE: Fin Times p12 "Walmart's Asian growth sets trend for global empire" by Jonathan Birchall says in 2 years Walmart has grown more abroad than in the US. Int'l businesses, such as Selyu in Japan, account for over a quarter of Walmart's annual revenues, but are less profitable than the US parent.
WSJ pB6 "A 2010 Quiz" by Bart Ziegler tests your knowledge that Caterpillar bought Bucyrus for $7.6 bil which is a fellow heavy equipment maker, that Microsoft canceled the introduction of a cellphone less than 2 months after its high profile launch, that McDonald's introduced oatmeal, fruit smoothies, caramel mocha drinks, garden wraps but not Eggs McBenedict and that Walmart plans to enter Africa.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
Thursday, December 30, 2010
12/30/10 Thurs pm Dow Closes at 11,569.71 down 15.67 or 0.14%
www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 801 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS
. The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.77 up from Wednesday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Wednesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Wednesday's 2.48 (last year it was 2.61). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE
DIS $37.48 -0.12 0.32% 3,378,819 NYSE
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE
GE $18.19 -0.08 0.44% 28,776,540 NYSE
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS
IBM $146.67 +0.15 0.1% 3,012,779 NYSE
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE
KFT $31.51 -0.05 0.16% 3,990,181 NYSE
MCD $76.76 -0.23 0.3% 2,557,722 NYSE
MRK $36.01 -0.20 0.55% 5,070,191 NYSE
MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE
MMM $86.54 -0.22 0.25% 1,498,170 NYSE
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE
*****************
The following are excerpts from Thurs. morning's Blog.
A read of Thursday's 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 11,585.38 up 9.84 points or 0.09% from Tuesday's close of 11,575.54. For the year the Dow is up 11.1%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was IBM $146.52 +0.81 0.56% 3,658,304 NYSE and percentage-wise was McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE and percentage-wise was Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE.
WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
Fin Times p18 "Rumours of more retail mergers help stocks edge ahead" by Hannah Kuchler says rumours of more buy out activity in the retail sector and a boost to shares in rare earth firms helped US stocks nudge up.
NYT pB3 "Crude oil prices stay strong, helping indexes to rally" by Bloomberg says the major stock indexes extended their rally on Wed, led by energy firms as crude oil remained above $90 for a 5th consecutive day.
USA Today p4B "Stocks on track for a top Dec" by David K. Randall says stocks finished higher Wed as the market continued on pace for tis best Dec in nearly 20 years. Trading continued to be thin ahead of the New Year's weekend. In the absence of any fresh economic data or major corp news, investors were attracted to the gov's latest bond auction.
Wednesday's Dow Jones Industrial Average closing numerator was 1,530.77 up 1.30 from Tuesday's closing numerator of 1,529.47. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.03 up $0.05 from Tuesday's Dow Jones Industrial Average average closing price of $50.98. The median closing price of Wednesday's Dow Jones Industrial Average was $42.59 (AXP/HPQ up $0.07 from Tuesday's median closing price of $42.52. The lowest volume was Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE and the highest volume was again Bank of America BAC $13.31 -0.03 0.22% 73,802,555 NYSE.
If Wednesday 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 made $130 ($153,077 - $152,947 - $).
MarketWatch Wednesday 12/29/10 4:36 by Kate Gibson says U.S. stock indexes ended modestly higher Wednesday, amplifying a rise that has the Dow Jones Industrial Average two days from finishing 2010 with a double-digit gain. “Funds are positioned as they would like to be for the end-of-the-year photo,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the light volume and narrow volatility range that have marked recent sessions. AIG stock's unlikely comeback Once left for dead, AIG has defied critics, its shares rallying to become one of the top performers in 2010, up nearly 97% and more than 42% in December alone. Evan Newmark and Ken Brown discuss. Also, there are money moves before year-end to reap benefits in 2011. “It would take a major bit of news to derail their plan,” he added. After closing Tuesday at its highest level since Aug. 28, 2008, the Dow Jones Industrial Average (DJIA 11,585, +9.84, +0.09%) ended up 9.84 points, or 0.09%, at 11585.38. Seventeen of the Dow’s 30 components gained, with fast-food giant McDonald’s Corp. (MCD 77.00, +0.01, +0.01%) leading the gainers. Up for a third straight session and by 13% for the year, the S&P 500 Index (SPX 1,260, +1.27, +0.10%) gained 1.27 points, or 0.1%, to 1,259.78, with energy companies gaining the most and financials ranking as the biggest laggard among the 10 S&P industry groups. The Nasdaq Composite Index (COMP 2,667, +4.05, +0.15%) rose 4.05 points, or 0.15%, at 2,666.93. Advancers outran decliners 19 to 11 on the New York Stock Exchange, where volume hit 520 million shares, just over half of the 30-day average. The narrow range of the last week has been frustrating for both bulls and bears, with bulls watching the S&P creep to new highs but with “no oomph,” and the bears tracking how the averages continue to hold their 10-day moving averages, said Elliot Spar, market strategist at Stifel, Nicolaus & Co. But Spar expects the narrow range to be resolved next week, saying “new money can come in at the beginning of the year, yet old money will have a chance to cash out and not have to pay the cash bill until April 2012.” With 2010 ending on a high note for equities, investors are now the most bullish they have been since 2004, according to Jeffrey Kleintop, chief market strategist at LPL Financial, who adds a cautionary note. “History tells us that when there are too many bulls the market may be due for a pullback,” said Kleintop, who forecasts a “middle-of-the-road” 2011 that he said should offer single-digit percentage gains for stocks, low to middle single-digit gains for bonds and a U.S. economy that muddles along at a 2.5% to 3% growth pace. ‘History tells us that when there are too many bulls the market may be due for a pullback.’ On Wednesday, Sears Holdings Corp. (SHLD 73.85, -0.64, -0.86%) shares (SHLD 73.85, -0.64, -0.86%) climbed after Sonic Solutions said the retailer was using its technology in entering the online film-downloading business. Shares of BJ’s Wholesale Club Inc. (BJ 47.80, +0.18, +0.38%) rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners might launch a hostile bid for the warehouse-club operator.
On the New York Mercantile Exchange, gold futures climbed for a third day, with the contract for February delivery rising $8, or 0.6%, to $1,413.50 an ounce on Comex. At Tuesday’s finish, gold was up 28% in 2010. On Thursday, the Institute for Supply Management in Chicago is scheduled to release data illustrating U.S. business expansion in December. Separately, the National Association of Realtors will report on pending sales of previously owned homes in November from October.
Wednesday's Closing Dow Numbers and Thursday's News:
AT&T T $29.31 +0.08 0.27% 12,208,176 NYSE: WSJ pC12 "Telecoms ride choppy data wave" Hester Plumridge says Europe's telecom firms are introducing variable pricing plans for data which AT&T has already done in the US to charge more for heavy data users.
Alcoa AA $15.13 -0.12 0.79% 16,999,857 NYSE: No mentions found.
Amex AXP $42.86 +0.07 0.16% 3,201,994 NYSE: No mentions found.
Bank of Am BAC $13.31 -0.03 0.22% 73,802,555 NYSE: No mentions found.
Boeing BA $65.05 +0.19 0.29% 2,504,204 NYSE: No mentions found.
Caterpillar CAT $93.78 +0.09 0.1% 2,777,597 NYSE: No mentions found.
Chevron CVX $91.37 +0.18 0.2% 5,275,024 NYSE: No mentions found.
CSCO $20.25 -0.10 0.49% 32,889,257 NASDAQ-GS: No mentions found.
Coke KO $65.45 +0.09 0.14% 4,367,990 NYSE: No mentions found.
Disney DIS $37.6 +0.24 0.64% 5,096,301 NYSE: No mentions found.
DuPont DD $50.02 +0.20 0.4% 3,693,717 NYSE: No mentions found.
Exxon XOM $73.37 -0.05 0.07% 11,749,790 NYSE: No mentions found.
GE $18.27 -0.05 0.27% 34,493,015 NYSE: No mentions found.
Hewlett-Pac HPQ $42.32 +0.07 0.17% 8,645,456 NYSE: WSJ pC12 "Japan Inc. acts the tortoise when a rabbit would do" by James Simms says electronic businesses in Japan are merging in order to be more efficient to compete with South Korean firms. Hon Hai Precision is examined which makes devices for Hewlett-Packard.
WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Home Depot HD $34.89 -0.20 0.57% 6,125,758 NYSE: No mentions found.
Intel INTC $20.94 +0.06 0.29% 20,791,952 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
IBM $146.52 +0.81 0.56% 3,658,304 NYSE: No mentions found.
JPMorgan JPM $42.36 -0.25 0.59% 13,236,876 NYSE: WSJ pA1 "Banks open loan spigot" by Ruth Simon says JPMorgan's loans to mid market firms with rev between $10 and $500 mil have increased 7% this year.
Johnson & Johnson JNJ $62.13 +0.08 0.13% 4,965,065 NYSE: WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE: No mentions found.
McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE: WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
MRK $36.21 +0.01 0.03% 5,001,078 NYSE: No mentions found.
Microsoft MSFT $27.97 -0.04 0.14% 19,477,534 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
Pfizer PFE $17.6 +0.01 0.06% 23,632,627 NYSE: WSJ pB3 "Pfizer to Buy Vet diagnostics firm" by John Kelly says Pfizer will buy Synbiotics a developer of vet diagnostics products as it looks to tap into a growing segment of the animal health industry.
Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE: No mentions found.
MMM $86.76 +0.02 0.02% 1,665,522 NYSE: No mentions found.
Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE: No mentions found.
United Tech UTX $79.1 -0.19 0.24% 1,558,069 NYSE: No mentions found.
Verizon VZ $35.58 -0.04 0.11% 14,290,636 DualListed: No mentions found.
Walmart WMT $54.08 +0.34 0.63% 7,626,223 NYSE: No mentions found.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 801 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Thursday at 11,569.71 down points or 0.14% from Wednesday's close of 11,585.38. Of the 30 Dow Jones component companies 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE and percentage-wise was Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS
. The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.77 up from Wednesday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Wednesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Wednesday's 2.48 (last year it was 2.61). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,528.69 down 2.08 from Wednesday's closing numerator of 1,530.77. 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 by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.96 down $0.07 from Wednesday's Dow Jones Industrial Average average closing price of $51.03. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 (AXP/HPQ down $0.20 from Wednesday's median closing price of $42.59. The lowest volume was Travelers TRV $55. NYSE and the highest volume was again Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE.
If Thursday 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 $197 ($153,077 - $152,880).
MarketWatch Thursday 12/30/10 4:09 by Nick Godt says U.S. stocks fell slightly on Thursday, as low trading volumes and bearish Chinese manufacturing data offset upbeat U.S. economic reports. The Dow Jones Industrial Average (DJIA 11,570, -15.67, -0.14%) finished down 15.67 points, or 0.1%, at 11,569.71, with 23 of its 30 components ending lower. The S&P 500 index (SPX 1,258, -1.90, -0.15%) fell 0.2% to 1,257.88, weighed down by its financials and healthcare sectors. The Nasdaq Composite (COMP 2,663, -3.95, -0.15%) lost 0.2% to 2,662.98.
Thursday's Closing Dow Numbers:
AT&T T $29.33 +0.02 0.07% 12,658,335 NYSE
Alcoa AA $15.21 +0.08 0.53% 14,168,289 NYSE
American Express AXP $42.51 -0.35 0.82% 4,295,968 NYSE
Bank of America BAC $13.28 -0.03 0.23% 87,166,259 NYSE
Boeing BA $65.01 -0.04 0.06% 2,339,683 NYSE
Caterpillar CAT $93.87 +$29.33 0.02 0.07% 12,658,335 NYSE
Chevron CVX $91.6 +0.23 0.25% 4,111,829 NYSE
CSCO $20.23 -0.02 0.1% 25,386,576 NASDAQ-GS
Coke KO $65.5 +0.05 0.08% 4,624,852 NYSE
DIS $37.48 -0.12 0.32% 3,378,819 NYSE
DuPont DD $49.69 -0.33 0.66% 2,236,160 NYSE
Exxon XOM $73.36 -0.01 0.01% 10,696,934 NYSE
GE $18.19 -0.08 0.44% 28,776,540 NYSE
Hewlett-Packard HPQ $42.26 -0.06 0.14% 6,729,912 NYSE
Home Depot HD $34.86 -0.03 0.09% 6,456,678 NYSE
Intel INTC $21.02 +0.08 0.38% 18,684,393 NASDAQ-GS
IBM $146.67 +0.15 0.1% 3,012,779 NYSE
JPMorgan JPM $42.23 -0.13 0.31% 12,690,554 NYSE
JNJ $61.94 -0.19 0.31% 5,723,496 NYSE
KFT $31.51 -0.05 0.16% 3,990,181 NYSE
MCD $76.76 -0.23 0.3% 2,557,722 NYSE
MRK $36.01 -0.20 0.55% 5,070,191 NYSE
MSFT $27.85 -0.12 0.43% 20,470,066 NASDAQ-GS
Pfizer PFE $17.49 -0.11 0.63% 29,430,544 NYSE
Procter & Gamble PG $64.28 -0.12 0.19% 3,788,125 NYSE
MMM $86.54 -0.22 0.25% 1,498,170 NYSE
Travelers TRV $55.54 -0.05 0.09% 1,294,686 NYSE
United Tech UTX $78.85 -0.25 0.32% 1,499,855 NYSE
Verizon VZ $35.56 -0.02 0.06% 9,222,329 DualListed
Walmart WMT $54.07 -0.01 0.02% 6,285,516 NYSE
*****************
The following are excerpts from Thurs. morning's Blog.
A read of Thursday's 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 11,585.38 up 9.84 points or 0.09% from Tuesday's close of 11,575.54. For the year the Dow is up 11.1%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was IBM $146.52 +0.81 0.56% 3,658,304 NYSE and percentage-wise was McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE and percentage-wise was Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE.
WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
Fin Times p18 "Rumours of more retail mergers help stocks edge ahead" by Hannah Kuchler says rumours of more buy out activity in the retail sector and a boost to shares in rare earth firms helped US stocks nudge up.
NYT pB3 "Crude oil prices stay strong, helping indexes to rally" by Bloomberg says the major stock indexes extended their rally on Wed, led by energy firms as crude oil remained above $90 for a 5th consecutive day.
USA Today p4B "Stocks on track for a top Dec" by David K. Randall says stocks finished higher Wed as the market continued on pace for tis best Dec in nearly 20 years. Trading continued to be thin ahead of the New Year's weekend. In the absence of any fresh economic data or major corp news, investors were attracted to the gov's latest bond auction.
Wednesday's Dow Jones Industrial Average closing numerator was 1,530.77 up 1.30 from Tuesday's closing numerator of 1,529.47. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.03 up $0.05 from Tuesday's Dow Jones Industrial Average average closing price of $50.98. The median closing price of Wednesday's Dow Jones Industrial Average was $42.59 (AXP/HPQ up $0.07 from Tuesday's median closing price of $42.52. The lowest volume was Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE and the highest volume was again Bank of America BAC $13.31 -0.03 0.22% 73,802,555 NYSE.
If Wednesday 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 made $130 ($153,077 - $152,947 - $).
MarketWatch Wednesday 12/29/10 4:36 by Kate Gibson says U.S. stock indexes ended modestly higher Wednesday, amplifying a rise that has the Dow Jones Industrial Average two days from finishing 2010 with a double-digit gain. “Funds are positioned as they would like to be for the end-of-the-year photo,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the light volume and narrow volatility range that have marked recent sessions. AIG stock's unlikely comeback Once left for dead, AIG has defied critics, its shares rallying to become one of the top performers in 2010, up nearly 97% and more than 42% in December alone. Evan Newmark and Ken Brown discuss. Also, there are money moves before year-end to reap benefits in 2011. “It would take a major bit of news to derail their plan,” he added. After closing Tuesday at its highest level since Aug. 28, 2008, the Dow Jones Industrial Average (DJIA 11,585, +9.84, +0.09%) ended up 9.84 points, or 0.09%, at 11585.38. Seventeen of the Dow’s 30 components gained, with fast-food giant McDonald’s Corp. (MCD 77.00, +0.01, +0.01%) leading the gainers. Up for a third straight session and by 13% for the year, the S&P 500 Index (SPX 1,260, +1.27, +0.10%) gained 1.27 points, or 0.1%, to 1,259.78, with energy companies gaining the most and financials ranking as the biggest laggard among the 10 S&P industry groups. The Nasdaq Composite Index (COMP 2,667, +4.05, +0.15%) rose 4.05 points, or 0.15%, at 2,666.93. Advancers outran decliners 19 to 11 on the New York Stock Exchange, where volume hit 520 million shares, just over half of the 30-day average. The narrow range of the last week has been frustrating for both bulls and bears, with bulls watching the S&P creep to new highs but with “no oomph,” and the bears tracking how the averages continue to hold their 10-day moving averages, said Elliot Spar, market strategist at Stifel, Nicolaus & Co. But Spar expects the narrow range to be resolved next week, saying “new money can come in at the beginning of the year, yet old money will have a chance to cash out and not have to pay the cash bill until April 2012.” With 2010 ending on a high note for equities, investors are now the most bullish they have been since 2004, according to Jeffrey Kleintop, chief market strategist at LPL Financial, who adds a cautionary note. “History tells us that when there are too many bulls the market may be due for a pullback,” said Kleintop, who forecasts a “middle-of-the-road” 2011 that he said should offer single-digit percentage gains for stocks, low to middle single-digit gains for bonds and a U.S. economy that muddles along at a 2.5% to 3% growth pace. ‘History tells us that when there are too many bulls the market may be due for a pullback.’ On Wednesday, Sears Holdings Corp. (SHLD 73.85, -0.64, -0.86%) shares (SHLD 73.85, -0.64, -0.86%) climbed after Sonic Solutions said the retailer was using its technology in entering the online film-downloading business. Shares of BJ’s Wholesale Club Inc. (BJ 47.80, +0.18, +0.38%) rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners might launch a hostile bid for the warehouse-club operator.
On the New York Mercantile Exchange, gold futures climbed for a third day, with the contract for February delivery rising $8, or 0.6%, to $1,413.50 an ounce on Comex. At Tuesday’s finish, gold was up 28% in 2010. On Thursday, the Institute for Supply Management in Chicago is scheduled to release data illustrating U.S. business expansion in December. Separately, the National Association of Realtors will report on pending sales of previously owned homes in November from October.
Wednesday's Closing Dow Numbers and Thursday's News:
AT&T T $29.31 +0.08 0.27% 12,208,176 NYSE: WSJ pC12 "Telecoms ride choppy data wave" Hester Plumridge says Europe's telecom firms are introducing variable pricing plans for data which AT&T has already done in the US to charge more for heavy data users.
Alcoa AA $15.13 -0.12 0.79% 16,999,857 NYSE: No mentions found.
Amex AXP $42.86 +0.07 0.16% 3,201,994 NYSE: No mentions found.
Bank of Am BAC $13.31 -0.03 0.22% 73,802,555 NYSE: No mentions found.
Boeing BA $65.05 +0.19 0.29% 2,504,204 NYSE: No mentions found.
Caterpillar CAT $93.78 +0.09 0.1% 2,777,597 NYSE: No mentions found.
Chevron CVX $91.37 +0.18 0.2% 5,275,024 NYSE: No mentions found.
CSCO $20.25 -0.10 0.49% 32,889,257 NASDAQ-GS: No mentions found.
Coke KO $65.45 +0.09 0.14% 4,367,990 NYSE: No mentions found.
Disney DIS $37.6 +0.24 0.64% 5,096,301 NYSE: No mentions found.
DuPont DD $50.02 +0.20 0.4% 3,693,717 NYSE: No mentions found.
Exxon XOM $73.37 -0.05 0.07% 11,749,790 NYSE: No mentions found.
GE $18.27 -0.05 0.27% 34,493,015 NYSE: No mentions found.
Hewlett-Pac HPQ $42.32 +0.07 0.17% 8,645,456 NYSE: WSJ pC12 "Japan Inc. acts the tortoise when a rabbit would do" by James Simms says electronic businesses in Japan are merging in order to be more efficient to compete with South Korean firms. Hon Hai Precision is examined which makes devices for Hewlett-Packard.
WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Home Depot HD $34.89 -0.20 0.57% 6,125,758 NYSE: No mentions found.
Intel INTC $20.94 +0.06 0.29% 20,791,952 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
IBM $146.52 +0.81 0.56% 3,658,304 NYSE: No mentions found.
JPMorgan JPM $42.36 -0.25 0.59% 13,236,876 NYSE: WSJ pA1 "Banks open loan spigot" by Ruth Simon says JPMorgan's loans to mid market firms with rev between $10 and $500 mil have increased 7% this year.
Johnson & Johnson JNJ $62.13 +0.08 0.13% 4,965,065 NYSE: WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE: No mentions found.
McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE: WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
MRK $36.21 +0.01 0.03% 5,001,078 NYSE: No mentions found.
Microsoft MSFT $27.97 -0.04 0.14% 19,477,534 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
Pfizer PFE $17.6 +0.01 0.06% 23,632,627 NYSE: WSJ pB3 "Pfizer to Buy Vet diagnostics firm" by John Kelly says Pfizer will buy Synbiotics a developer of vet diagnostics products as it looks to tap into a growing segment of the animal health industry.
Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE: No mentions found.
MMM $86.76 +0.02 0.02% 1,665,522 NYSE: No mentions found.
Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE: No mentions found.
United Tech UTX $79.1 -0.19 0.24% 1,558,069 NYSE: No mentions found.
Verizon VZ $35.58 -0.04 0.11% 14,290,636 DualListed: No mentions found.
Walmart WMT $54.08 +0.34 0.63% 7,626,223 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
12/30/10 Thurs am Pfizer toBuy Synbiotics Vet Diagnostics Firm
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Post No. 800 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
A read of Thursday's Wall St. Journal, 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 11,585.38 up 9.84 points or 0.09% from Tuesday's close of 11,575.54. For the year the Dow is up 11.1%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was IBM $146.52 +0.81 0.56% 3,658,304 NYSE and percentage-wise was McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE and percentage-wise was Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE.
WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
Fin Times p18 "Rumours of more retail mergers help stocks edge ahead" by Hannah Kuchler says rumours of more buy out activity in the retail sector and a boost to shares in rare earth firms helped US stocks nudge up.
NYT pB3 "Crude oil prices stay strong, helping indexes to rally" by Bloomberg says the major stock indexes extended their rally on Wed, led by energy firms as crude oil remained above $90 for a 5th consecutive day.
USA Today p4B "Stocks on track for a top Dec" by David K. Randall says stocks finished higher Wed as the market continued on pace for tis best Dec in nearly 20 years. Trading continued to be thin ahead of the New Year's weekend. In the absence of any fresh economic data or major corp news, investors were attracted to the gov's latest bond auction.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.77 up from Wednesday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Wednesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Wednesday's 2.48 (last year it was 2.61). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,530.77 up 1.30 from Tuesday's closing numerator of 1,529.47. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.03 up $0.05 from Tuesday's Dow Jones Industrial Average average closing price of $50.98. The median closing price of Wednesday's Dow Jones Industrial Average was $42.59 (AXP/HPQ up $0.07 from Tuesday's median closing price of $42.52. The lowest volume was Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE and the highest volume was again Bank of America BAC $13.31 -0.03 0.22% 73,802,555 NYSE.
If Wednesday 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 made $130 ($153,077 - $152,947 - $).
MarketWatch Wednesday 12/29/10 4:36 by Kate Gibson says U.S. stock indexes ended modestly higher Wednesday, amplifying a rise that has the Dow Jones Industrial Average two days from finishing 2010 with a double-digit gain. “Funds are positioned as they would like to be for the end-of-the-year photo,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the light volume and narrow volatility range that have marked recent sessions. AIG stock's unlikely comeback Once left for dead, AIG has defied critics, its shares rallying to become one of the top performers in 2010, up nearly 97% and more than 42% in December alone. Evan Newmark and Ken Brown discuss. Also, there are money moves before year-end to reap benefits in 2011. “It would take a major bit of news to derail their plan,” he added. After closing Tuesday at its highest level since Aug. 28, 2008, the Dow Jones Industrial Average (DJIA 11,585, +9.84, +0.09%) ended up 9.84 points, or 0.09%, at 11585.38. Seventeen of the Dow’s 30 components gained, with fast-food giant McDonald’s Corp. (MCD 77.00, +0.01, +0.01%) leading the gainers. Up for a third straight session and by 13% for the year, the S&P 500 Index (SPX 1,260, +1.27, +0.10%) gained 1.27 points, or 0.1%, to 1,259.78, with energy companies gaining the most and financials ranking as the biggest laggard among the 10 S&P industry groups. The Nasdaq Composite Index (COMP 2,667, +4.05, +0.15%) rose 4.05 points, or 0.15%, at 2,666.93. Advancers outran decliners 19 to 11 on the New York Stock Exchange, where volume hit 520 million shares, just over half of the 30-day average. The narrow range of the last week has been frustrating for both bulls and bears, with bulls watching the S&P creep to new highs but with “no oomph,” and the bears tracking how the averages continue to hold their 10-day moving averages, said Elliot Spar, market strategist at Stifel, Nicolaus & Co. But Spar expects the narrow range to be resolved next week, saying “new money can come in at the beginning of the year, yet old money will have a chance to cash out and not have to pay the cash bill until April 2012.” With 2010 ending on a high note for equities, investors are now the most bullish they have been since 2004, according to Jeffrey Kleintop, chief market strategist at LPL Financial, who adds a cautionary note. “History tells us that when there are too many bulls the market may be due for a pullback,” said Kleintop, who forecasts a “middle-of-the-road” 2011 that he said should offer single-digit percentage gains for stocks, low to middle single-digit gains for bonds and a U.S. economy that muddles along at a 2.5% to 3% growth pace. ‘History tells us that when there are too many bulls the market may be due for a pullback.’ On Wednesday, Sears Holdings Corp. (SHLD 73.85, -0.64, -0.86%) shares (SHLD 73.85, -0.64, -0.86%) climbed after Sonic Solutions said the retailer was using its technology in entering the online film-downloading business. Shares of BJ’s Wholesale Club Inc. (BJ 47.80, +0.18, +0.38%) rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners might launch a hostile bid for the warehouse-club operator.
On the New York Mercantile Exchange, gold futures climbed for a third day, with the contract for February delivery rising $8, or 0.6%, to $1,413.50 an ounce on Comex. At Tuesday’s finish, gold was up 28% in 2010. On Thursday, the Institute for Supply Management in Chicago is scheduled to release data illustrating U.S. business expansion in December. Separately, the National Association of Realtors will report on pending sales of previously owned homes in November from October.
Wednesday's Closing Dow Numbers and Thursday's News:
AT&T T $29.31 +0.08 0.27% 12,208,176 NYSE: WSJ pC12 "Telecoms ride choppy data wave" Hester Plumridge says Europe's telecom firms are introducing variable pricing plans for data which AT&T has already done in the US to charge more for heavy data users.
Alcoa AA $15.13 -0.12 0.79% 16,999,857 NYSE: No mentions found.
Amex AXP $42.86 +0.07 0.16% 3,201,994 NYSE: No mentions found.
Bank of Am BAC $13.31 -0.03 0.22% 73,802,555 NYSE: No mentions found.
Boeing BA $65.05 +0.19 0.29% 2,504,204 NYSE: No mentions found.
Caterpillar CAT $93.78 +0.09 0.1% 2,777,597 NYSE: No mentions found.
Chevron CVX $91.37 +0.18 0.2% 5,275,024 NYSE: No mentions found.
CSCO $20.25 -0.10 0.49% 32,889,257 NASDAQ-GS: No mentions found.
Coke KO $65.45 +0.09 0.14% 4,367,990 NYSE: No mentions found.
Disney DIS $37.6 +0.24 0.64% 5,096,301 NYSE: No mentions found.
DuPont DD $50.02 +0.20 0.4% 3,693,717 NYSE: No mentions found.
Exxon XOM $73.37 -0.05 0.07% 11,749,790 NYSE: No mentions found.
GE $18.27 -0.05 0.27% 34,493,015 NYSE: No mentions found.
Hewlett-Pac HPQ $42.32 +0.07 0.17% 8,645,456 NYSE: WSJ pC12 "Japan Inc. acts the tortoise when a rabbit would do" by James Simms says electronic businesses in Japan are merging in order to be more efficient to compete with South Korean firms. Hon Hai Precision is examined which makes devices for Hewlett-Packard.
WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Home Depot HD $34.89 -0.20 0.57% 6,125,758 NYSE: No mentions found.
Intel INTC $20.94 +0.06 0.29% 20,791,952 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
IBM $146.52 +0.81 0.56% 3,658,304 NYSE: No mentions found.
JPMorgan JPM $42.36 -0.25 0.59% 13,236,876 NYSE: WSJ pA1 "Banks open loan spigot" by Ruth Simon says JPMorgan's loans to mid market firms with rev between $10 and $500 mil have increased 7% this year.
Johnson & Johnson JNJ $62.13 +0.08 0.13% 4,965,065 NYSE: WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE: No mentions found.
McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE: WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
MRK $36.21 +0.01 0.03% 5,001,078 NYSE: No mentions found.
Microsoft MSFT $27.97 -0.04 0.14% 19,477,534 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
Pfizer PFE $17.6 +0.01 0.06% 23,632,627 NYSE: WSJ pB3 "Pfizer to Buy Vet diagnostics firm" by John Kelly says Pfizer will buy Synbiotics a developer of vet diagnostics products as it looks to tap into a growing segment of the animal health industry.
Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE: No mentions found.
MMM $86.76 +0.02 0.02% 1,665,522 NYSE: No mentions found.
Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE: No mentions found.
United Tech UTX $79.1 -0.19 0.24% 1,558,069 NYSE: No mentions found.
Verizon VZ $35.58 -0.04 0.11% 14,290,636 DualListed: No mentions found.
Walmart WMT $54.08 +0.34 0.63% 7,626,223 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 800 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
A read of Thursday's Wall St. Journal, 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 11,585.38 up 9.84 points or 0.09% from Tuesday's close of 11,575.54. For the year the Dow is up 11.1%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was IBM $146.52 +0.81 0.56% 3,658,304 NYSE and percentage-wise was McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE and percentage-wise was Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE.
WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
Fin Times p18 "Rumours of more retail mergers help stocks edge ahead" by Hannah Kuchler says rumours of more buy out activity in the retail sector and a boost to shares in rare earth firms helped US stocks nudge up.
NYT pB3 "Crude oil prices stay strong, helping indexes to rally" by Bloomberg says the major stock indexes extended their rally on Wed, led by energy firms as crude oil remained above $90 for a 5th consecutive day.
USA Today p4B "Stocks on track for a top Dec" by David K. Randall says stocks finished higher Wed as the market continued on pace for tis best Dec in nearly 20 years. Trading continued to be thin ahead of the New Year's weekend. In the absence of any fresh economic data or major corp news, investors were attracted to the gov's latest bond auction.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.77 up from Wednesday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Wednesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Wednesday's 2.48 (last year it was 2.61). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,530.77 up 1.30 from Tuesday's closing numerator of 1,529.47. 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 by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.03 up $0.05 from Tuesday's Dow Jones Industrial Average average closing price of $50.98. The median closing price of Wednesday's Dow Jones Industrial Average was $42.59 (AXP/HPQ up $0.07 from Tuesday's median closing price of $42.52. The lowest volume was Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE and the highest volume was again Bank of America BAC $13.31 -0.03 0.22% 73,802,555 NYSE.
If Wednesday 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 made $130 ($153,077 - $152,947 - $).
MarketWatch Wednesday 12/29/10 4:36 by Kate Gibson says U.S. stock indexes ended modestly higher Wednesday, amplifying a rise that has the Dow Jones Industrial Average two days from finishing 2010 with a double-digit gain. “Funds are positioned as they would like to be for the end-of-the-year photo,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the light volume and narrow volatility range that have marked recent sessions. AIG stock's unlikely comeback Once left for dead, AIG has defied critics, its shares rallying to become one of the top performers in 2010, up nearly 97% and more than 42% in December alone. Evan Newmark and Ken Brown discuss. Also, there are money moves before year-end to reap benefits in 2011. “It would take a major bit of news to derail their plan,” he added. After closing Tuesday at its highest level since Aug. 28, 2008, the Dow Jones Industrial Average (DJIA 11,585, +9.84, +0.09%) ended up 9.84 points, or 0.09%, at 11585.38. Seventeen of the Dow’s 30 components gained, with fast-food giant McDonald’s Corp. (MCD 77.00, +0.01, +0.01%) leading the gainers. Up for a third straight session and by 13% for the year, the S&P 500 Index (SPX 1,260, +1.27, +0.10%) gained 1.27 points, or 0.1%, to 1,259.78, with energy companies gaining the most and financials ranking as the biggest laggard among the 10 S&P industry groups. The Nasdaq Composite Index (COMP 2,667, +4.05, +0.15%) rose 4.05 points, or 0.15%, at 2,666.93. Advancers outran decliners 19 to 11 on the New York Stock Exchange, where volume hit 520 million shares, just over half of the 30-day average. The narrow range of the last week has been frustrating for both bulls and bears, with bulls watching the S&P creep to new highs but with “no oomph,” and the bears tracking how the averages continue to hold their 10-day moving averages, said Elliot Spar, market strategist at Stifel, Nicolaus & Co. But Spar expects the narrow range to be resolved next week, saying “new money can come in at the beginning of the year, yet old money will have a chance to cash out and not have to pay the cash bill until April 2012.” With 2010 ending on a high note for equities, investors are now the most bullish they have been since 2004, according to Jeffrey Kleintop, chief market strategist at LPL Financial, who adds a cautionary note. “History tells us that when there are too many bulls the market may be due for a pullback,” said Kleintop, who forecasts a “middle-of-the-road” 2011 that he said should offer single-digit percentage gains for stocks, low to middle single-digit gains for bonds and a U.S. economy that muddles along at a 2.5% to 3% growth pace. ‘History tells us that when there are too many bulls the market may be due for a pullback.’ On Wednesday, Sears Holdings Corp. (SHLD 73.85, -0.64, -0.86%) shares (SHLD 73.85, -0.64, -0.86%) climbed after Sonic Solutions said the retailer was using its technology in entering the online film-downloading business. Shares of BJ’s Wholesale Club Inc. (BJ 47.80, +0.18, +0.38%) rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners might launch a hostile bid for the warehouse-club operator.
On the New York Mercantile Exchange, gold futures climbed for a third day, with the contract for February delivery rising $8, or 0.6%, to $1,413.50 an ounce on Comex. At Tuesday’s finish, gold was up 28% in 2010. On Thursday, the Institute for Supply Management in Chicago is scheduled to release data illustrating U.S. business expansion in December. Separately, the National Association of Realtors will report on pending sales of previously owned homes in November from October.
Wednesday's Closing Dow Numbers and Thursday's News:
AT&T T $29.31 +0.08 0.27% 12,208,176 NYSE: WSJ pC12 "Telecoms ride choppy data wave" Hester Plumridge says Europe's telecom firms are introducing variable pricing plans for data which AT&T has already done in the US to charge more for heavy data users.
Alcoa AA $15.13 -0.12 0.79% 16,999,857 NYSE: No mentions found.
Amex AXP $42.86 +0.07 0.16% 3,201,994 NYSE: No mentions found.
Bank of Am BAC $13.31 -0.03 0.22% 73,802,555 NYSE: No mentions found.
Boeing BA $65.05 +0.19 0.29% 2,504,204 NYSE: No mentions found.
Caterpillar CAT $93.78 +0.09 0.1% 2,777,597 NYSE: No mentions found.
Chevron CVX $91.37 +0.18 0.2% 5,275,024 NYSE: No mentions found.
CSCO $20.25 -0.10 0.49% 32,889,257 NASDAQ-GS: No mentions found.
Coke KO $65.45 +0.09 0.14% 4,367,990 NYSE: No mentions found.
Disney DIS $37.6 +0.24 0.64% 5,096,301 NYSE: No mentions found.
DuPont DD $50.02 +0.20 0.4% 3,693,717 NYSE: No mentions found.
Exxon XOM $73.37 -0.05 0.07% 11,749,790 NYSE: No mentions found.
GE $18.27 -0.05 0.27% 34,493,015 NYSE: No mentions found.
Hewlett-Pac HPQ $42.32 +0.07 0.17% 8,645,456 NYSE: WSJ pC12 "Japan Inc. acts the tortoise when a rabbit would do" by James Simms says electronic businesses in Japan are merging in order to be more efficient to compete with South Korean firms. Hon Hai Precision is examined which makes devices for Hewlett-Packard.
WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Home Depot HD $34.89 -0.20 0.57% 6,125,758 NYSE: No mentions found.
Intel INTC $20.94 +0.06 0.29% 20,791,952 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
IBM $146.52 +0.81 0.56% 3,658,304 NYSE: No mentions found.
JPMorgan JPM $42.36 -0.25 0.59% 13,236,876 NYSE: WSJ pA1 "Banks open loan spigot" by Ruth Simon says JPMorgan's loans to mid market firms with rev between $10 and $500 mil have increased 7% this year.
Johnson & Johnson JNJ $62.13 +0.08 0.13% 4,965,065 NYSE: WSJ pB6 "A year of crisis management" by Suzanne Vranica talks about the year's biggest pr fiasco's and discusses the Hewlett-Packard departure of CEO Mark Hurd and Johnson & Johnson's recalls of Tylenol and other otc products.
Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE: No mentions found.
McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE: WSJ pC6 "DJIA tacks on 9.84 points to a strong Dec run" by Jonathan Cheng says stocks extended their strong Dec runs as gains in he energy sector & a drop in the US dollar propelled stocks to a fresh 2 year high. The Dow is up more than 5% this month. McDonald's led the Dow Wed with an advance of 56 cents.
MRK $36.21 +0.01 0.03% 5,001,078 NYSE: No mentions found.
Microsoft MSFT $27.97 -0.04 0.14% 19,477,534 NASDAQ-GS: WSJ pB1 "Entrants flood race to rival iPad" by Ian Sherr says a host of firms will show gadgets that will compete with Apple's iPad at the Consumer Electronics Show next week in Las Vegas. The stakes are high for Microsoft and Intel, kingpins of PC tech that have so far struggled to match athe momentum in tablets of Google's Android software and chip designs from ARM Holding.
Pfizer PFE $17.6 +0.01 0.06% 23,632,627 NYSE: WSJ pB3 "Pfizer to Buy Vet diagnostics firm" by John Kelly says Pfizer will buy Synbiotics a developer of vet diagnostics products as it looks to tap into a growing segment of the animal health industry.
Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE: No mentions found.
MMM $86.76 +0.02 0.02% 1,665,522 NYSE: No mentions found.
Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE: No mentions found.
United Tech UTX $79.1 -0.19 0.24% 1,558,069 NYSE: No mentions found.
Verizon VZ $35.58 -0.04 0.11% 14,290,636 DualListed: No mentions found.
Walmart WMT $54.08 +0.34 0.63% 7,626,223 NYSE: No mentions found.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05
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