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Post #333. The following is brought to you by Intellivest Securities Research, Inc. Towards 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 3/1/10 and an update of the Dow 30 component's most recent SEC filings as of 3/1/10.
The Dow Jones Industrial Average closed Tuesday at 10,564.38 up 11.86 or 0.11%from Monday's close of 10,555.52. Of the 30 Dow Companies: 16 gained, Cisco was unchanged and 13 declined. The biggest gainer dollar-wise was and percentage-wise was United Technologies UTX $71.78 +1.02 1.44% 5,560,467 NYSE. The biggest decliner dollar-wise was IBM $125.55 -0.86 0.68% 7,529,306 NYSE and percentage-wise was Home Depot HD $31.68-0.28 0.88% 15,127,696 NYSE.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.45 down from Monday's P/E ratio of 16.47 (year ago it was 21.71) the P/E estimate is 13.45 unchanged from Monday's P/E estimate of 13.45 (year ago it was 9.91) and the current dividend yield is 2.58 up from Monday's dividend yield of 2.57 (it was 4.73 a year ago).
Tuesday's Dow Jones Industrial Average closing numerator was 1397.87 up 1.17 from Friday's closing Dow numerator of 1,396.70. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 1.17 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 11.86. 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 Tuesday's Dow Jones Industrial Average was $46.60 up 0.04 from Monday's Dow Jones Industrial Average closing price of $46.56. The median closing price of Tuesday's Dow Jones Industrial Average was 41.06 down .09 from Monday's median closing price of 41.15. The lowest volume was 3M MMM $81.99 +0.68 0.84% 4,249,733 NYSE and the highest volume again was Bank of America BAC $16.8 +0.06 0.36% 167,776,316 NYSE.
If Tuesday 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 $120 ($139,800 - $139,680).
Market Watch by Peter McKay March 9, 2010, 4:40 p.m. -- U.S. stocks ended with a slight gain Tuesday after being whipsawed by bets in the financial sector and a rally in telecommunications, which benefited from Cisco Systems Inc.'s unveiling of a new router. The Dow Jones Industrial Average (INDU 10,565, +12.09, +0.12%) moved between gains and losses late in the day before ending 11.86 points higher, or 0.1%, at 10,564.38. The Nasdaq Composite Index (COMP 2,341, +8.47, +0.36%) was the strongest of the major indexes, with a gain of 0.4%. The S&P 500 (SPX 1,140, +1.94, +0.17%) rose 0.2%, led by a 1.2% gain in its telecommunications sector, which benefited from hopes that Cisco's new device will help alleviate congestion on mobile data networks. Sprint Nextel Corp. shares jumped 6.5%, while Verizon Communications (VZ 30.00, +0.09, +0.30%) shares rose rose 0.9%. The S&P 500's financial sector finished with a small gain overall, up just 0.3%.But there was extremely heavy volume in just four of its names: American International Group (AIG 32.36, -0.41, -1.25%) leapt 12.6%, Fannie Mae (FNM 1.09, +0.02, +1.87%) jumped 5.9%, Freddie Mac (FRE 1.29, +0.01, +0.78%) leapt 7.6%, and Citigroup (C 3.86, +0.04, +1.05%) was up 7.3%. Citi was helped by a a report on Fox Business that the government is discussing plans to sell its 27% stake in the bank, perhaps within the next three months. That in turn spurred buying in some of the other names that are still subject to the heaviest government involvement in the wake of the recent financial crisis, though no moves had been announced by the Treasury or other agencies as of Tuesday's market close. AIG surged as a debt sale by an important unit went well, the Wall Street Journal reported Tuesday. A $1.3 billion loan offering by International Lease Finance Corp. has met with strong investor demand, which will enable the aircraft-leasing unit of AIG to raise fresh funds to repay some of its maturing debt, the newspaper said. In general, traders and analysts said Tuesday's session saw an increase in speculative betting, which added volatility and underscored the lack of confidence that has developed on trading floors since the market hit its bear-market lows exactly one year ago. Sony, Panasonic and Samsung have recently announced new TV models that feature 3-D. But the rush to manufacture products hides the fact that there is little content to showcase, the Digits panel reports. The Dow is now up 61% from its 12-year low hit on March 9, 2009, marking the depths of the financial crisis. The S&P 500 is up 69% over that timeframe, while the Nasdaq Composite is up 85%. The technology and telcom names that dominate the Nasdaq have often benefited over the past year from optimism that an early wave of capital investment will fuel a broader U.S. economic recovery, even as consumer spending and employment lag. This week, Cisco's announcement regarding its new router, dubbed the CRS-3, has meshed nicely with that broader investment theme. The device would function as part of the backbone of networks that carriers assemble to deliver information to large swaths of customers, not an at-home device for individuals to set up for personal use. Cisco, which hit a 52-week high on Monday in anticipation of the router announcement, ended flat on Tuesday. But some of its potential customers showed big gains, including a 1.1% gain in AT&T, which said it has tested the new Cisco device and found it to move data at 10,000 times the speed of a typial residential broadband connection. Elsewhere, the industrial sector benefited from a 0.8% rise in Boeing Co. (BA 67.81, +0.02, +0.03%) after Northrop Grumman Corp. (NOC 64.16, +0.16, +0.25%) said it would drop out of a protracted quest to win a $40 billion contract to build the U.S. Air Force's next generation of aerial-refueling planes, leaving Boeing as the only competitor left standing. Northrop shares slipped 0.3%. General Growth Properties (GGP 14.90, +0.35, +2.41%) shares climbed 3.8% after the shopping-center operator got a proposal to help it emerge from bankruptcy from two of its biggest creditors. UAL Corp. (UAUA 18.29, +0.13, +0.72%) shares climbed 3.7% after its United Airlines said February unit revenue -- the amount taken in for each passenger flown a mile on its planes and those of its affiliates -- jumped 17% to 19% over the same month a year earlier. Read Airline Stocks. In other markets, the dollar weakened against the yen but gained ground versus the euro. Crude-oil futures slipped 38 cents to $81.49 a barrel, while gold futures also moved lower. Treasurys edged higher
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $25.56 +0.28 1.11% 43,466,721 NYSE
Alcoa AA $13.67 -0.11 0.8% 33,479,228 NYSE
American Express AXP $39.7 -0.01 0.03% 6,766,681 NYSE
Bank of America BAC $16.8 +0.06 0.36% 167,776,316 NYSE
Boeing BA $67.79 +0.55 0.82% 7,655,839 NYSE
Caterpillar CAT $59.18 +0.27 0.46% 7,693,041 NYSE
Cisco CSCO $26.13 unch unch 160,887,564 NASDAQ-GS
Coca-Cola KO $54.18 +0.28 0.51% 11,535,340 NYSE
Disney DIS $33.31 -0.12 0.36% 11,069,768 NYSE
DuPont DD $35.25 -0.12 0.34% 6,915,128 NYSE
ExxonMobil XOM $66.78 +0.30 0.45% 29,002,849 NYSE
GE $16.49 +0.22 1.35% 83,683,499 NYSE
hewlett-Packard HPQ $51.88 +0.15 0.29% 10,230,516 NYSE
Home Depot HD $31.68-0.28 0.88% 15,127,696 NYSE
Intel INTC $20.94 +0.17 0.82% 83,168,449 NASDAQ-GS
IBM $125.55 -0.86 0.68% 7,529,306 NYSE
J.P.Morgan Chase JPM $42.42 -0.17 0.4% 37,107,038 NYSE
Johnson & Johnson JNJ $64.27 +0.07 0.11% 8,827,242 NYSE
Kraft KFT $29.23 +0.06 0.21% 14,592,408 NYSE
McDonald's MCD $65.1 -0.02 0.03% 7,126,830 NYSE
Merck MRK $37.04 -0.31 0.83% 14,695,794 NYSE
Microsoft MSFT $28.8 +0.17 0.59% 50,278,457 NASDAQ-GS
Pfizer PFE $17.23 -0.12 0.69% 54,550,891 NYSE
Procter & Gamble PG $63.3 +0.11 0.17% 7,100,840 NYSE
3M MMM $81.99 +0.68 0.84% 4,249,733 NYSE
Travelers TRV $53.57 -0.23 0.43% 5,108,928 NYSE
United Technologies UTX $71.78 +1.02 1.44% 5,560,467 NYSE
Verizon VZ $29.91 +0.28 0.94% 20,303,542 NYSE
WalMart WMT $54.06 -0.09 0.17% 12,585,199 NYSE
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The following are excerpts from Monday morning's Blog:
A read of Tuesday's Wall Street Journal, Financial Times, Investor's Business Daily, The 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 Monday's stock prices and related data.
Dow: The Dow Jones Industrial Average closed Monday at 10,555.52 down 13.68 or 0.13% from Friday's close of 10,566.2. Of the 30 Dow Companies: 8 gained and 22 declined. for the year the Dow is up 1.19%. The biggest gainer dollar-wise was McDonald's MCD $65.12 +1.45 2.28% 11,754,360 NYSE and percentage-wise was Cisco CSCO $26.13 -0.92 3.65% 115,554,128 NASDAQ-GS NYSE. The biggest decliner dollar-wise and percentage-wise was MMM $81.31 -1.13 1.37% 3,624,029 NYSE.
WSJ pC1 "Cisco's Rally Isn't Enough To Lift Dow" by Peter a. McKay says blue chips struggled as a surge in the tech and telecommunications sectors failed to offset losses in health care stocks. The market levels contrast with 3/9/09 when the Dow hit a 12 year low of 6547.05. Cisco Systems, a component of all 3 major indexes, climbed 3.7% ahead of a tech announcement set for Tues that is expected to be that it can help telecom firms boost their Internet speed. With no major economic data on the calendar, investors continued to mull last week's better than anticipated report on US employment & its implications for the broader market.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts xepected, on strong overseas gains & modest growth in the US.
Fin Times pb24 "Volatility ebbs but investors struggle to find direction" by Masa Serdarevic says improving sentiment surrounding European sovereign debt was not enough to significantly move US stocks yesterday in the absence of significant macroeconomic or corporate news. Entertainment networks were in focus following a transmission fee dispute between Cablevision and Walt Disney, whose ABC channel broadcasted the Academy Awards ceremony.
Inv. Bus. Daily pA1 "Top Rated Stocks Continue To Break Out In Big Trade" by Paul Whitfield says the indexes were mixed in lower vol Mon, but more toprated stocks either broke out or reached new highs in fast trade as Monday's action was mixed in lower volume. The current outlook is the market is in confirmed uptrend.
NYT pB9 "Hesitation on Wall St. Leaves Shares Flat" by Javier C. Hernandez says lacking a clear consensus about the strength of the recovery, Wall Street fell into a seesaw pattern on Mon. The major indexes ended mixed as traders say promise in a round of corporate deals but were concerned that a push by Pres. Obama to overhaul the health care system would hurt profits for insurance firms.
AJC pA7 "Stock mixed despite upbeat news" says a yer after the stock market began a comeback, it's getting harder to dazzle investors. Insurer AIG reached a deal to sell one of its major foreign divisions to MetLife & Royal Dutch Shell and PetroChina offered to buy Australia's Arrow Energy Ltd.
USA Today p1B "Bull Market turns 1 - time to party, or worry? by Adam Shell says you have to go back to 1947 to find a bull rally that didn't last at least 24 months as on average the life expectancy of a bull market is nearly 4 years. Its been a year since the stock market hit rock bottom on March 9, 2009 ending the second worst stock market meltdown in history.
USA Today p4B "Stocks end mixed, but deals offer hope" by AP says stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy.
Monday's Dow Jones Industrial Average closing numerator was 1396.70 down 1.41 from Friday's closing Dow numerator of 1,398.11. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 1.41 for Monday by the divisor you get the decrease in Monday's Dow close of 13.68. 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 Monday's Dow Jones Industrial Average was $46.56 down 0.04 from Friday's Dow Jones Industrial Average closing price of $46.60. The median closing price of Monday's Dow Jones Industrial Average was 41.15 up 0.65 from Friday's median closing price of 40.50. The lowest volume was Travelers TRV $53.8 -0.14 0.26% 3,134,413 NYSE and the highest volume again was Bank of America BAC $16.72 +0.02 0.12% 126,490,386 NYSE.
If Monday 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 $120 ($139,800 - $139,680).
MarketWatch March 8, 2010, 4:10 p.m. EST by Kate Gibson says Stocks tally indecisive close to low-volume day -- U.S. stocks on Monday meandered to a nearly flat finish in what could prove to be the lowest volume day yet for 2010. "Unofficially today does look like the slowest day of the year as measured by consolidated volume on the New York Stock Exchange," said Peter Boockvar, equity strategist at Miller Tabak. The Dow Jones Industrial Average (INDU 10,553, -13.61, -0.13%) fell 13.68 points, or 0.1%, to 10,552.52. After six sessions of gains, the S&P 500 Index (SPX 1,139, -0.19, -0.02%) lost less than 1 point to end at 1,138.5. The Nasdaq Composite /quotes (COMP 2,332, +5.86, +0.25%) rose 5.86 points, or 0.3%, to 2,332.21.
AT&T T $25.28 -0.29 1.16% 23,383,833 NYSE: WSJ pB8 "TiVo Loss Widens on Higher Costs" says its 4Q loss widened to $10.2 mil. TiVo's shares have surged after a fed appeals court last week reaffirmed the firm's patents, that will provide TiVo with strong negotiating leverage with AT&T & Verizon Communications.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts epected, on strong overseas gains & modest growth in the US.
Alcoa AA $13.77 -0.07 0.51% 31,431,334 NYSE: No mentions found.
American Express AXP $39.71 -0.49 1.22% 7,799,518 NYSE: No mentions found.
Bank of America BAC $16.72 +0.02 0.12% 126,490,386 NYSE: No mentions found.
Boeing BA $67.24 -0.69 1.02% 5,050,883 NYSE: WSJ pA1 headline "Northrop Qits Tanker Bid" by Peter Sanders, Fin Times p15 "North Grumman set to pull out of USAF tankers contest" by Jeremy Lemer, Sylvia Peifer, Peggy Hollinger, Innv. Bus. Daily pA1 "NorthropOut of Tanker Contest", NYT pB1 "Northrop Won't Bid On Tanker" by Christopher Drew, AJC pA6 "Northrop won't bid on Air Force tanker" say Northrop Grumman won't bid on a contract to build the next generation of refueling tankers for the Air Force, resulting in Boeing being the sole competitor for the $40 bil Pentagon deal.
Inv. Bus. Daily pA2 Boeing has finalizied an order with Turkish Airlines for 20 new 737s for $1.6 bil.
Caterpillar CAT $58.91 -0.32 0.54% 4,745,496 NYSE: No mentions found.
Cisco CSCO $26.13 -0.92 3.65% 115,554,128 NASDAQ-GS: WSJ pB4 "Tough Road for Google's Network" by Ben Worthen says Google's plan to build high speed internet faces infrastructure hurdles and a lack of content. Cisco is expected Tues to announce a new tech to facilitate ultrahigh speed Internet connections.
WSJ pC1 "Cisco's Rally Isn't Enough To Lift dow" by Peter a. McKay says blue cips struggled as a surge in the tech and telecommunications sectors failed to offset losses in health care stocks. The market levels contrast with 3/9/09 when the Dow hit a 12 year low of 6547.05. Cisco Systems, a component of all 3 major indexes, climbed 3.7% ahead of a tech announcement set for Tues that is expected to be that it can help telecom firms boost their Internet speed. With o major economic data on the calendar, investors continued to mull last week's better than anticipated report on US employment & its implications for the broader market.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts epected, on strong overseas gains & modest growth in the US.
Coca-Cola KO $54.46 -0.24 0.44% 9,439,603 NYSE: AJC pA5 "Soda makers no longer old school" by Jeremiah McWilliams says KO and its rivals are touting their sucess in a 4 year old program aimed at fighting obesity among school children as shipments to schools of full calorie soft drinks have fallen 95.%.
NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
Disney DIS $33.19 -0.03 0.09% 13,148,877 NYSE: Fin Times p18 "ABC Cablevision oscars restored" by Kenneth Li says Disney restored its ABC tv stations in NY homes on Cabklevision systems late on Sun.
Inv. Bus. Daily pA2 "GTalks go on for Cablevision, ABC" says theya re continuing to negotiated after a tentative deal Sun night restored access to he Academy Awards for millions of New Yorkers.
WSJ pB5 "Oscars Lock in bigger TV Audience" by Sam Schechner says the Academy Awards grew for the second time in a row as an average of 41.3 mil people in the US watched which is good for Disney's ABC, which has broadcast the show for 34 years and blackouted the awards in NYC due to its dispute with Cablevision over monthly fees.
NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
DuPont DD $35.38 +0.41 1.17% 6,972,909 NYSE: No mentions found.
ExxonMobil XOM $66.44 -0.03 0.05% 19,297,919 NYSE: No mentions found.
GE $16.27 -0.08 0.49% 53,465,047 NYSE: No mentions found.
Hewlett-Packard HPQ $51.74 -0.29 0.56% 12,002,770 NYSE: No mentions found.
Home Depot HD $31.98 +0.18 0.57% 10,489,928 NYSE: No mentions found.
Intel INTC $20.77 -0.02 0.1% 35,587,840 NASDAQ-GS: NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
IBM $126.41 -0.84 0.66% 5,787,000 NYSE: No mentions found.
J.P.Morgan Chase JPM $42.59 -0.22 0.51% 27,988,665 NYSE: No mentions found.
Johnson & Johnson JNJ $64.2 +0.16 0.25% 9,322,373 NYSE: NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
Kraft KFT $29.17 -0.17 0.58% 7,550,836 NYSE: USA Today pB1 says a Cadbury worker filed an official protest with Britain's takeover panel to preserve a factory that Kraft wants to shut in Somerdale, wetern England.
McDonald's MCD $65.12 +1.45 2.28% 11,754,360 NYSE: NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
Inv. Bus. Daily pA1 "Asia Gains Power McDonald's" says its same store sales rose 4.8% vs. views of 3.9% as sales rose 10.5% in its Asia/pacific, Mideast and Africa market, 5.4% in Europe and 0.6% in the US where it got a lift from its Olympic themed Chicken McNuggest rpomotion, its breakfast Dollar Menu and McCafe drinks as its shares rose 2%.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts epected, on strong overseas gains & modest growth in the US.
Merck MRK $37.33 -0.16 0.43% 11,555,186 NYSE: No mentions found.
Microsoft MSFT $28.63 -0.0425 0.15% 39,300,882 NASDAQ-GS: WSJ pB1 "Google Tests TV Search Service" by Jessica E. Vascellaro says Google is testing a tv programming search service with Dish Network in a race to combine Internet content with conventional TV. it allows users to find shows as well as video from Web sites like Google's YouTube. Microsoft and Apple for years have been trying to marry the Web and TV.
NYT pB3 "For Marketers, A Different Set of Oscar Winners" by Stuart Elliott reviews commercials that ran during the Academy Awards on Sunday broadcast by Disney's ABC says McDonald's had run a chicken McNuggets spot dozens of times during the Winter Olympics as advertisers abandoned the tradition of showcasing new commercials. Other prewatched commercials were aired by Zyrtec Liquid Gels sold by Johnson & Johnson, Micrsoft's ad for Windows 7 and a spot for Intel. Of 5 commercials for Coke, one was new.
Pfizer PFE $17.35 -0.13 0.74% 46,128,626 NYSE: NYT pB1 "Bidding War Pits Pfizer And Teva" by Natasha Singer says a three way bidding war has broken out for Tatiopharm, a leading generic drug maker with headquarters in Ulm, Germany, the birthplace of Albert Einstein. Pfizer has bid $4.1 bil and is competing with Teva, an Israeli firm and Actavis, a generic maker baased in Iceland.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts epected, on strong overseas gains & modest growth in the US.
Procter & Gamble PG $63.19 -0.50 0.79% 10,721,747 NYSE: No mentions found.
3M MMM $81.31 -1.13 1.37% 3,624,029 NYSE: No mentions found.
Travelers TRV $53.8 -0.14 0.26% 3,134,413 NYSE: No mentions found.
United Technologies UTX $70.76 -0.49 0.69% 4,012,237 NYSE: No mentions found.
Verizon VZ $29.63 +0.40 1.37% 15,905,737 NYSE: WSJ pB2 "Verizon Adds NFL Broadcasts" by matthew Futterman says the NFL & Verizon Wireless struck a deal to distribute live games and the leaque's popular Red Zone channel in a $720 mil deal.
WSJ pC6 "UnitedHealth, Pfizer Take Ill; Cisco Climbs" by Donna Kardos Yesalavich says stocks closed slightly lower, led by health care shares including United health Group & Coventry Health Care, as Pres. Obama took health insurers to task in a speech. Declines were limited as expectations for a Tues announcement from Cisco helped lift the tech and telecommunications sectors. Pfizer was among the Dow's worst performers, with a drop of 0.7% as the Supreme Court said it will decide whether a fed law on vaccine injuries shields vaccine makers from certain types of lawsuits. Options traders rallied around Cisco, taking bullish positions. Verizon Communications climbed 1.4% while AT&T rose 1.2% & McDonald's climbed 2.3% as its global same store sales rose 4.8% in Feb, more than most analysts epected, on strong overseas gains & modest growth in the US.
WalMart WMT $54.15 +0.01 0.02% 7,549,352 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 3/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $314 [5]
2. Microsoft MSFT 258 [9]
3. WalMart WMT 205 [4]
4. Chevron CVX 178 [2.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 175 [3]
7. GE 170 [10.5]
8. IBM 167 [1]
9 JPMorgan Chase 164 [4]
10. AT&T 148 [6]
11. BAC 145 [8.5]
12. Pfizer PFE 143 [8]
13. Cisco CSCO 142 [6]
14. Coke KO 123 [2]
15. Hewlett-Packard HPQ 121 [2]
16. Intel INTC 115 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 82 [3]
19. Merck MRK 79 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 61 [2]
22. 3M MMM 57 [.5]
23. Home Depot 53 [2]
24. Boeing BA 48 [1]
25. American Express AXP 45 [1]
26. Kraft KFT 42 [1.5]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 14 [1]
Here are the latest SEC filings as of 3/1/10 market close other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
T AT&T: 2/25/10 10K Annual Report
Alcoa AA: 2/23/10 8K re: Personnel Changes
2/19/10 Prelim. Proxy on Form 14A
2/18/10 10K Annual Report
American Express AXP: 2/26/10 10K Annual Report
Bank of Am BAC: 2/26/10 10K Annual Report
2/26/10 Prelim, Proxy Statement on Form 14A
Boeing BA: 2/26/10 8K re: departure and compensation of certain officers
2/8/10 10K Annual Report
Caterpiller CAT: 2/19/10 10K Annual Report
Chevron CVX: 2/25/10 10K Annual Report
Cisco CSCO: 2/17/10 10Q Quarterly Report
Coke KO: 2/26/10 10K Annual Report
Disney DIS: 2/25/10 8K re: 3 year credit agreement
2/9/10 10Q Quarterly Report
DuPont DD: 2/17/10 10K Annual Report
ExxonMobil XOM: 2/26/10 10K Annual Report
GE: 2/19/10 10K Annual Report
Hewlett-Packard HPQ: 2/17/10 8K re: results of operations for quarter ended 1/31/10
2/5/10 10K/A Amended Annual Report
Home Depot HD: 2/23/10 8K re: quarterly results
Intel INTC: 2/22/10 10K Annual Report
IBM: 2/23/10 10K Annual Report
JPMorganChase JPM: 2/26/10 8K re: Investor Day FD Disclosures
2/24/10 10K Annual Report
Kraft KFT: 2/25/10 10K Annual Report
McDonalds MCD: 2/26/10 10K Annual Report
Merck MRK: 3/1/10 10K Annual Report
Microsoft MSFT: 1/28/10 10Q.
1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.
12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.
Pfizer PFE: 2/261/0 10K Annual Report
Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference
3M MMM: 2/16/10 10K Annual Report
Travelers TRV: 2/18/10 10K Annual Report
United Technologies UTX: 2/26/10 Def. Proxy Statement on Form 14A
2/11/10 10K Annual Report
Verizon Communications Inc. VZ: 2/26/10 10K Annual Report
WalMartWMT: 2/18/28/10 8K re: 4th quarter and annual results of operations; guidance