This Post will be the last Post until Sun. March 28, 2010
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352. 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.
A read of Saturday's Wall Street Journal, Financial Times, 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:The Dow Jones Industrial Average closed Friday at 10,741.98 down 37.19 or 0.35% from Tuesday's close of 10,704.79. Year to date the Dow is up 3.01%. For the week the Dow was up 117.29 or 0.01% from last Friday's close of 10,624.69. Of the 30 Dow Companies: 8 gained and 22 declined. The biggest gainer dollar-wise and percentage-wise was Coca-Cola KO $54.75 +0.80 1.48% 21,798,249 NYSE. The biggest decliner dollar-wise and percentage-wise was 3M MMM $81.96 -1.71 2.04% 6,870,693 NYSE.
WSJ pB1 "Dow's Streak Is Sanpped by 0.4% Drop" by Kristina Peterson, Donna AKardos Yesalavich says stocks snapped their eight day winning streak on Fri, as investors retreated from risky assets amid renewed worries over Greece's finances and signs tht some emerging markets may start reining in their economies.
WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodies also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
NYT pB6 "Dow's Winning Streak Screeches to a Halt" by Javier C. Hernandez says a steep drop in oil prices put a damper on an upbeat week in the markets.
Fin Times p14 "Health insurers rise ahead of vote on $96 bil reform bill" by Masa Serarevic says US stocks pulled back Fri. amid investor worries over Greece's debt crisis, Chincese policy on monetary tightening and domestic political uncertainty over healthcare reform dampening risk appetite.
As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.75 up from Friday's P/E ratio of 16.73 (year ago it was 24.14) the P/E estimate is 13.77 up from Friday's P/E estimate of 13.56 (year ago it was 11.45) and the current dividend yield is 2.54 unchanged from Thursday's dividend yield of 2.54 (it was 4.27 a year ago).
Friday's Dow Jones Industrial Average closing numerator was 1421.37 down 4.92 from Thursday's closing Dow numerator of 1,426.29. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 4.92 for Friday by the divisor you get the decrease in Friday's Dow close of 37.19. 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 $47.37 down 0.17 from Thursday's Dow Jones Industrial Average closing price of $47.54. The median closing price of Friday's Dow Jones Industrial Average was 41.89 down 0.43 from Thursday's median closing price of 42.32. The lowest volume was 3M MMM $81.96 -1.71 2.04% 6,870,693 NYSE and the highest volume again was Bank of America BAC $16.82 -0.26 1.52% 177,782,866 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $510 ($142,620 - $142,110).
3/19/10 Market Watch By Donna Kardos Yesalavich, Kristina Peterson & Peter McKay, says U.S. stocks closed modestly lower on Friday, with the Dow average snapping its eight-day string of gains, as renewed worries over Greek finances and and an upcoming vote on health care unnerved investors. The Dow Jones Industrial Average (INDU 10,742, -37.41, -0.35%) fell 37.19 points, or 0.35%, to 10,741.9. Still, the measure climbed 1.1% this week, its third-straight weekly gain, and is up 3.01% since Jan. 1. On Friday, materials and energy were the weakest categories in a broad-based selloff as oil prices retreated near $80 a barrel. Worries about key overseas economies also weighed on the market, which some said was due for a pause after a solid run lately. The Standard & Poor's 500-stock index (SPX 1,160, -5.92, -0.51%) declined 0.51%, led by declines in materials and energy. Baker Hughes Inc. (BHI 47.52, -0.01, -0.02%) shares slid 3.7%, while Consol Energy Inc. (CNX 45.60, +0.05, +0.11%) shares fell nearly 4% and Massey Energy Co. (MEE 49.80, -0.11, -0.22%) lost 3.4%. On Friday, investors were spooked by the Reserve Bank of India's move to increase its key lending rate to 5% and its borrowing rate to 3.5%. Read more on India's rate hike and ETFs. Uncertainty over possible financial aid for Greece also lingered, hurting the euro. The U.S. Dollar Index (DXY 80.77, +0.55, +0.68%) , which heavily weights the euro in a basket of currencies versus the greenback, was recently up 0.6%. See currencies column. The Dow finishes lower for the first time in nine sessions. The S&P's health-care sector edged up incrementally ahead of an expected weekend vote. Trading volume was higher, with about 5.9 billion shares having changed hands in New York Stock Exchange Composite volume recently, compared with the recent full-day average of about 4.8 billion. The increase came on so-called quadruple witching day, when contracts for stock-index futures, stock-index options, stock options and single-stock futures expire.
Treasury prices slipped. The 10-year note fell 6/32 to yield 3.697%.
AT&T T $26.24 +0.18 0.69% 35,842,204 NYSE: No mentions found.
Alcoa AA $14.26 -0.04 0.28% 44,585,588 NYSE: No mentions found.
American Express AXP $40.33 -0.67 1.63% 10,709,049 NYSE: WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Bank of America BAC $16.82 -0.26 1.52% 177,782,866 NYSE: No mentions found.
Boeing BA $70.72 -0.15 0.21% 17,702,422 NYSE: WSJ pB6 "Boeing Plans To Speed Output Boost" by Ann Keeton says Boeing said it plans to raise production of its 777 and 747 aircraft earlier than previously projected amid increasing demand int he airplane industry. This month, rival Airbus said it would boost output of its best selling A320 family at the end of the year.
WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Catepillar CAT $59.37 -0.40 0.67% 9,421,227 NYSE: No mentions found.
Chevron CVX $74.98 +0.22 0.29% 16,601,905 NYSE: WSJ pB9 "When Stock Duos Outperform Soles" by jeff D. Opdyke says ExxonMobil shares have slumped more than 8% since it said it would buy XTO energy for $31 bil. Author says investors should try a tactic called "paired trading" which is a bet that the relative valuation between 2 particular securities will converge, in this case, Exxon & its peer Chevron. It can take numerous shapes such as matching stocks with options.
Cisco CSCO $26.15 -0.19 0.72% 55,627,794 NASDAQ-GS: No mentions found.
Coca-Cola KO $54.75 +0.80 1.48% 21,798,249 NYSE: AJC pA10 "KO shuffles its eladership" by Jeremiah McWilliams says KO is moving its marketing shief Katie Bayne, to pres. and gen. manager of sparkling beverages in N. Amer.
WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Disney DIS $33.64 -0.14 0.41% 16,721,926 NYSE: No mentions found.
DuPont DD $36.86 -0.21 0.57% 12,930,486 NYSE: No mentions found.
ExxonMobil XOM $67.04 -0.35 0.52% 45,520,427 NYSE: WSJ pB9 "When Stock Duos Outperform Soles" by jeff D. Opdyke says ExxonMobil shares have slumped more than 8% since it said it would buy XTO energy for $31 bil. Author says investors should try a tactic called "paired trading" which is a bet that the relative valuation between 2 particular securities will converge, in this case, Exxon & its peer Chevron. It can take numerous shapes such as matching stocks with options.
GE $18.07 -0.12 0.66% 114,732,012 NYSE: No mentions found.
Hewlett-Packard HPQ $52.49 -0.24 0.46% 20,911,001 NYSE: No mentions found.
Home Depot HD $32.36 -0.04 0.12% 22,428,046 NYSE: No mentions found.
Intel INTC $21.9925 -0.2075 0.93% 77,000,900 NASDAQ-GS: No mentions found.
IBM $127.71 -0.67 0.52% 10,714,207 NYSE: No mentions found.
J.P.Morgan Chase JPM $43.45 -0.19 0.44% 36,971,984 NYSE: No mentions found.
Johnson & Johnson JNJ $65.11 +0.05 0.08% 23,101,969 NYSE: No mentions found.
Kraft KFT $29.63 -0.20 0.67% 16,576,991 NYSE: No mentions found.
McDonald's MCD $66.53 -0.15 0.22% 10,226,438 NYSE: No mentions found.
Merck MRK $38.06 -0.39 1.01% 30,727,096 NYSE: WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Microsoft MSFT $29.59- 0.02 0.07% 81,326,156 NASDAQ-GS: WSJ pB16 "A Window Into Microsoft's Profit Outlook" by Martin Peers says investors shouldn't bursh off the long term threats facing Microsoft, whether from Google's low cost, office software or Apple's rising star. Yet, Microsoft may be better off than people think since Google's software appears to be augmemting rather than replacing Microsoft software and Apple still has a very small share of the global computer market outside of mobile.
Pfizer PFE $16.91 -0.32 1.86% 113,171,870 NYSE: WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Procter & Gamble PG $63.84 +0.11 0.17% 17,457,617 NYSE: No mentions found.
3M MMM $81.96 -1.71 2.04% 6,870,693 NYSE: WSJ pB2 "Behind end of Dow's Run: 3M" by Donna Kardos yesalavich says stocks fell, led by materials firms including AK Steel as commodities also fell. The Dow's worst performers included 3M, Pfizer and Amex. Boeing, which had been up for much of the session after the firm said it would boost production of is 777 and 747, ending in the red. Coca-Cola climbed 1.5% after business daily Vedomosti reported it intends to buy Russion fruit juice maker Nidan Soki. It was believed that KO was trying to buy a 75% stake in the firm. Merck gave back 1% after the FDA warned about increased risk of muscle injury for those taking an 80 mg dose of Zocor.
Travelers TRV $53.46 +0.08 0.15% 13,198,800 NYSE: No mentions found.
United Technologies UTX $73.24 +0.74 1.02% 9,198,603 NYSE: No mentions found.
Verizon VZ $30.41 +-0.11 0.36% 19,880,710 Dual Listed: No mentions found.
WalMart WMT $55.34 -0.60 1.07% 17,182,609 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