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Post No. 361. 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 4/1/10 and an update of the Dow 30 component's most recent SEC filings as of 4/1/10.
The Dow Jones Industrial Average closed Thursday at 10,927.07 up 70.44 or 0.65% from Wednesday's close of 10,856.63. Of the 30 Dow Companies: 7 gained, IBM was unchanged and 22 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $63.99 +1.14 1.81% 7,803,919 NYSE. The biggest decliner dollar-wise and percentage-wise was Cisco CSCO $25.83 -0.20 0.77% 56,178,201 NASDAQ-GS.
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 0.132319125 unchanged, the trailing P/E ratio is 17.01 unchanged from Wednesday's 17.01 (year ago it was 25.23) the P/E estimate is 13.85 unchanged from Wednesday's 13.85 (year ago it was 20.24) and the current dividend yield is 2.50 unchanged from Wednesday's 2.50 (it was 4.08 a year ago).
Thursday's Dow Jones Industrial Average closing numerator was 1,445.86 up 9.32 from Wednesday's closing numerator of 1,436.54. 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 9.32 for Thursday by the divisor you get the increase in Thursday's Dow close of 70.44. 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 $48.20 up 0.32 from Wednesday's Dow Jones Industrial Average closing price of $47.88. The median closing price of Thursday's Dow Jones Industrial Average was 43.44 up 0.44 from Wednesday's median closing price of $43.00. The lowest volume was 3M MMM $83.85 +0.28 0.34% 2,965,767 NYSE and the highest volume again was Bank of America BAC $18.04 +0.19 1.06% 94,906,965 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 made $960 ($144,600-$143,640).
Market Watch 4/1/10 4:17 pm By Nick Godt says U.S. stocks finished Thursday's session and a holiday-shortened week higher, helped by a raft of upbeat economic reports that boosted hopes of a global recovery. The U.S. stock market will be closed for the Good Friday holiday but the key March employment report will still be released that day. The Dow Jones Industrial Average (INDU 10,927, +70.51, +0.65%) gained 70.44 points, or 0.7%, to end at 10,927.07. Fronting blue-chip gains, shares of aluminum-giant Alcoa Inc. (AA 14.72, +0.02, +0.14%) rose 3.2%. The S&P 500 index (SPX 1,178, +8.67, +0.74%) ended up 8.67 points, or 0.7%, to 1,178.10. Gains in materials and energy shares led the advance on the broad index. The Nasdaq Composite (COMP 2,403, +4.62, +0.19%) rose 4.62 points, or 0.2%, to end 2,402.58. Shares of Research in Motion (RIMM 68.46, -0.02, -0.03%) weighed on technology shares for most of the session after the BlackBerry-maker's profit disappointed. For the week, the Dow gained 0.7%, the S&P rose 1% and the Nasdaq advanced 0.3%.
Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.11 +0.27 1.04% 20,346,220 NYSE
Alcoa AA $14.7 +0.46 3.23% 31,315,477 NYSE
American Express AXP $41.7 +0.44 1.07% 5,943,756 NYSE
Bank of America BAC $18.04 +0.19 1.06% 94,906,965 NYSE
Boeing BA $72.99 +0.38 0.52% 4,393,434 NYSE
Caterpillar CAT $63.99 +1.14 1.81% 7,803,919 NYSE
Chevron CVX $76.69 +0.86 1.13% 7,808,001 NYSE
Cisco CSCO $25.83 -0.20 0.77% 56,178,201 NASDAQ-GS
Coca-Cola KO $55.3 +0.30 0.55% 7,115,516 NYSE
Disney DIS $35.55 +0.64 1.83% 14,576,933 NYSE
DuPont DD $37.91 +0.67 1.8% 5,978,843 NYSE
ExxonMobil XOM $67.61 +0.63 0.94% 19,492,745 NYSE
GE $18.33 +0.13 0.71% 45,292,665 NYSE
Hewlett-Packard HPQ $53.24 +0.09 0.17% 10,631,702 NYSE
Home Depot HD $32.38 +0.03 0.09% 9,407,640 NYSE
Intel INTC $22.39 +0.10 0.45% 45,452,575 NASDAQ-GS
IBM $128.25 unch unch 4,958,549 NYSE
J.P.Morgan Chase JPM $45.18 +0.43 0.96% 23,722,614 NYSE
Johnson & Johnson JNJ $65.77 +0.57 0.87% 10,497,978 NYSE
Kraft KFT $30.34 +0.10 0.33% 9,222,085 NYSE
McDonald's MCD $67.58 +0.86 1.29% 5,454,279 NYSE
Merck MRK $37.71 +0.36 0.96% 10,048,874 NYSE
Microsoft MSFT $29.16 -0.1275 0.44% 74,247,897 NASDAQ-GS
Pfizer PFE $17.08 -0.07 0.41% 68,658,048 NYSE
Procter & Gamble PG $63.36 +0.09 0.14% 10,535,808 NYSE
3M MMM $83.85 +0.28 0.34% 2,965,767 NYSE
Travelers TRV $53.92 -0.02 0.04% 3,725,292 NYSE
United Technologies UTX $74.13 +0.52 0.71% 3,456,279 NYSE
Verizon VZ $31.28 +0.26 0.84% 17,200,248 Dual Listed
Walmart WMT $55.49 -0.11 0.2% 11,788,075 NYSE
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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 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: The Dow Jones Industrial Average closed Wednesday at 10,856.63 down 50.79 or 0.47% from Tuesday's close of 10,907.42. Of the 30 Dow Companies: 6 gained and 24 declined. For the year the Dow is up 4.11%. The biggest gainer dollar-wise and percentage-wise was Chevron CVX $75.83 +0.53 0.7% 9,875,589 NYSE. The biggest decliner dollar-wise was Boeing BA $72.61 -0.92 1.25% 5,884,789 NYSE and percentage-wise was Cisco CSCO $26.03 -0.62 2.33% 54,748,425 NASDAQ-GS.
WSJ pC5 "Home Depot, Kraft Lead Consumer Slide" by Donna Yesalavich says US stocks fell Wed. in the final session of the quarter as a disappointing report on private sector jobs hit a swatch of firms, including Home Depot and Kraft Foods, although energy firms such a Chevron climbed as the Obama Admin. proposed more offshore drilling. For march, the Dow climbed 5.15% representing its best month since Nov. The Dow is now up 65.82% from its 12 year closing low hit in Mar. '09. For the quarter it was up 4.11%, marking its best first quarter since '99 and its fourth consecutive quarter positive. Boeing was the Dow's best performer in the quarter with a jump of 34% but was among yesterday's laggards as it warned it would take a $150 mil charge due to health care legis. revisions.
Fin Times p24 "Investor sentiment weakened by private sector job losses" by Masa Serdarevic saysa disappointing private sector jobs report put pressure on Wall St. stocks Wed, forcing many investors to reassess their previously generally positive outlook for a recovery in US employment. Downgrades for Greek bank ratings further weighed on risk appetite.
USA Today p5B "concerns about job losses ding stocks" by Bloomberg says stocks fell Wed, trimming 4th consecutive quarterly advance, as private reports showed employers unexpectedly cut jobs this month and business activity grew less than forecast. Cisco systems, Microsoft and DuPont led the Dow Jones industrial average lower as ADP Employer Services said firms cut 23,000 jobs.
WSJ pC1 "Quarterly Markets Review _ Bull Muscles Through Tumult
by Nick Lauricella says the stock market extended its rally during the first quarter, battling back from a steep Feb. selloff and continued global economic and political uncertainty.
Wednesday's Dow Jones Industrial Average closing numerator was 1,436.54 down 6.72 from Tuesday's closing numerator of 1,443.26. 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 Wednesday by the divisor you get the decrease in Tuesday's Dow close of 50.79. 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 $47.88 down 0.22 from Tuesday's Dow Jones Industrial Average closing price of $48.10. The median closing price of Wednesday's Dow Jones Industrial Average was 43.00 up 0.07 from Tuesday's median closing price of $42.93. The lowest volume was Travelers TRV $53.94 +0.01 0.02% 3,357,022 NYSE and the highest volume again was Bank of America BAC $BAC $17.85 +0.09 0.51% 114,250,344 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 lost $660 ($144,300 - $143,640).
Market Watch 3/31/10 5:11 pm By Kate Gibson says U.S. stocks on Wednesday wrapped up a positive month and an even better first quarter that had corporate America reporting results that easily topped year-ago comparisons. Up nearly 5% for the three-month period, the S&P 500 finished its best first quarter in 12 years.
The Dow Jones Industrial Average (INDU 10,856, -50.94, -0.47%) lost 50.79 points, or 0.5%, for the session to close at 10,856.63. It gained 5.1% for the month and 4.1% for the quarter. Twenty-four of the blue-chip index's 30 components tallied losses Wednesday, with Cisco Systems Inc. (CSCO 26.15, +0.12, +0.46%) fronting decliners with a drop of 2.3%. The S&P 500 Index (SPX 1,169, -3.84, -0.33%) fell 3.84 points, or 0.3%, to 1,169.43, with consumer-discretionary shares the session's worst performer and energy up the most. The S&P 500 tallied a monthly gain of 5.9% and a quarterly advance of 4.9%. The performance is the index's best since the first quarter of 1998, when the S&P 500 rose 13.5%. The Nasdaq Composite Index lost 12.73 points, or 0.5%, to 2,397.96 for the session, leaving it with a 7.1% gain for March and 5.7% rise for the quarter. Equities had vacillated between gains and losses much of the session as rising stocks in natural-resource firms countered a report of more layoffs, to the chagrin of investors looking for a positive tally in the upcoming monthly employment report. The payrolls firm ADP reported employers shed 23,000 jobs this month, giving a bleaker-than-expected view of the labor market, and roiling nerves ahead of the Labor Department's monthly employment report, which is expected to show the economy added jobs. Notable sector laggards included Ford Motor Co. (F 12.65, +0.08, +0.64%) , down 5.4%, and Lennar Corp. (LEN 17.21, -0.84, -4.65%) , off 4.7%. Stand-outs among energy firms included Diamond Offshore Drilling Inc. (DO 88.61, -0.20, -0.23%) , up 4%, and Pioneer Natural Resources Inc. (PXD 56.32, +1.59, +2.91%), which rose 2.9%. Other assets advanced as well, with crude-oil futures on Wednesday ending at $83.76 a barrel, a 5.5% rise for the quarter. Gold futures finished at $1,114.5 an ounce, up 1.7% for the three-month period. The dollar has also advanced during the quarter, with the dollar index (DXY 80.99, -0.08, -0.10%) up about 4% for the period. For every two stocks that gained three lost ground on the New York Stock Exchange, where trading volume was light, as to be expected in a holiday week, with composite volume just below 4.9 billion. Investors also bid on some newly public companies. Among them, the public debut of shipping company Scorpio Tankers Inc. (STNG 12.54, -0.44, -3.38%) did not go as well as hoped, with shares falling 3.3%. After the close, Citigroup Inc. (C 4.07, +0.02, +0.49%) was scheduled to wrap up its spinoff of insurer Primerica (PRI 0.00, 0.00, 0.00% , which will begin trading Thursday under the ticker "PRI." Read more about giant leap for life insurer.
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $25.84 -0.11 0.42% 36,707,609 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 ahs a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Alcoa AA $14.24 -0.16 1.11% 23,325,270 NYSE: WSJ pC10 lists the performance of the Dow 30 for the quarter and Aloca was the worst, down 11.7% and Boeing was the best up 34.1%.
American Express AXP $41.26 -0.03 0.07% 6,883,008 NYSE: No mentions found.
Bank of America BAC $17.85 +0.09 0.51% 114,250,344 NYSE: No mentions found.
Boeing BA $72.61 -0.92 1.25% 5,884,789 NYSE: WSJ pB2 "Talks Aim to Curb Jet Subsidy" by Daniel Michaels says int'l negotiations to limit billions of dollars in gov funding for big airliners are facing a snag over how the rules will be applied to new jet makers. Boeing and Airbus are in a dispute with Canada's Bkombardier and other small jetliner makers. Boeing and Airbus wants the smaller firms to follow an agreement that has governed Boeing and Airbus int he US and Europe for 25 years re: gov subsidies.
WSJ pB3 "Boeing, Lockheed to Book Health Care Charges" by Doug Cameron, Bob Tita says Boeing will book a $150 mil charge as a result of health care legis.
WSJ pC5 "Home Depot, Kraft Lead Consumer Slide" by Donna Yesalavich says US stocks fell Wed. in the final session of the quarter as a disappointing report on private sector jobs hit a swatch of firms, including Home Depot and Kraft Foods, although energy firms such a Chevron climbed as the Obama Admin. proposed more offshore drilling. For march, the Dow climbed 5.15% representing its best month since Nov. The Dow is now up 65.82% from its 12 year closing low hit in Mar. '09. For the quarter it was up 4.11%, marking its best first quarter since '99 and its fourth consecutive quarter positive. Boeing was the Dow's best performer in the quarter with a jump of 34% but was among yesterday's laggards as it warned it would take a $150 mil charge due to health care legis. revisions.
WSJ pC10 lists the performance of the Dow 30 for the quarter and Aloca was the worst, down 11.7% and Boeing was the best up 34.1%.
Chevron CVX $75.83 +0.53 0.7% 9,875,589 NYSE: WSJ pC5 "Home Depot, Kraft Lead Consumer Slide" by Donna Yesalavich says US stocks fell Wed. in the final session of the quarter as a disappointing report on private sector jobs hit a swatch of firms, including Home Depot and Kraft Foods, although energy firms such a Chevron climbed as the Obama Admin. proposed more offshore drilling. For march, the Dow climbed 5.15% representing its best month since Nov. The Dow is now up 65.82% from its 12 year closing low hit in Mar. '09. For the quarter it was up 4.11%, marking its best first quarter since '99 and its fourth consecutive quarter positive. Boeing was the Dow's best performer in the quarter with a jump of 34% but was among yesterday's laggards as it warned it would take a $150 mil charge due to health care legis. revisions.
Cisco CSCO $26.03 -0.62 2.33% 54,748,425 NASDAQ-GS: USA Today p5B "concerns about job losses ding stocks" by Bloomberg says stocks fell Wed, trimming 4th consecutive quarterly advance, as private reports showed employers unexpectedly cut jobs this month and business activity grew less than forecast. Cisco systems, Microsoft and DuPont led the Dow Jones industrial average lower as ADP Employer Services said firms cut 23,000 jobs.
Coca-Cola KO $55 +0.13 0.24% 11,461,001 NYSE: WSJ pC7 "Late '09 Surge in Mergers Doesn't Carry Over in '10" by Jeffrey McCracken, Dana Cimilluca says in the ranking of global merger advisers Goldman Sachs was first at $182 bil and JPMorgan was 5th. One of the big deals this quarter was Coca cola's purchase of the bulk of its largest bottler for $12 bill in Feb. Also discussed was Nestle's pruchase of Kraft's pizza business in Jan for 3.7 bil.
WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 ahs a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Disney DIS $34.91 -0.19 0.54% 10,789,476 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 ahs a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeings W. James McNerney at 10th, United Tech's Louis Chevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
DuPont DD $37.24 -0.54 1.43% 8,267,316 NYSE: USA Today p5B "concerns about job losses ding stocks" by Bloomberg says stocks fell Wed, trimming 4th consecutive quarterly advance, as private reports showed employers unexpectedly cut jobs this month and business activity grew less than forecast. Cisco systems, Microsoft and DuPont led the Dow Jones industrial average lower as ADP Employer Services said firms cut 23,000 jobs.
ExxonMobil XOM $66.98 -0.07 0.1% 22,352,566 NYSE: WSJ pA5 "energy Firms Hopeful on Obama Plan" by Russell Gold says Exxon and other energy firms appluadeded Obama's new drilling policy allowing more offshore drilling.
GE $18.2 -0.10 0.55% 59,205,905 NYSE: AJC pA12 "GE to put research center near Dayton" says GE Aviation will build a new electric power systems r & d center near Dayton.
Hewlett-Packard HPQ $53.15 -0.11 0.21% 12,855,733 NYSE: WSJ pB7 "Acer . . ." by Charmian Kok, Ting-I Tsai discusses Acer's strong gains in emerging markets in its attempt to surpass HPQ as the world's biggest notebook and netbook computer maker by shipments this year or next.
Home Depot HD $32.35 -0.34 1.04% 10,343,069 NYSE: WSJ pC5 "Home Depot, Kraft Lead Consumer Slide" by Donna Yesalavich says US stocks fell Wed. in the final session of the quarter as a disappointing report on private sector jobs hit a swatch of firms, including Home Depot and Kraft Foods, although energy firms such a Chevron climbed as the Obama Admin. proposed more offshore drilling. For march, the Dow climbed 5.15% representing its best month since Nov. The Dow is now up 65.82% from its 12 year closing low hit in Mar. '09. For the quarter it was up 4.11%, marking its best first quarter since '99 and its fourth consecutive quarter positive. Boeing was the Dow's best performer in the quarter with a jump of 34% but was among yesterday's laggards as it warned it would take a $150 mil charge due to health care legis. revisions.
Intel INTC $22.29 -0.05 0.22% 45,988,628 NASDAQ-GS: No mentions found.
IBM $128.25 -0.52 0.4% 4,904,711 NYSE: WSJ pB9 "Exams . . ." by Diana Middleton gives IBM as an example that are requiring to take certification tests.
WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
J.P.Morgan Chase JPM $44.75 +0.17 0.38% 39,046,227 NYSE: WSJ pC16 "LNG Deal Furthers JPM Energy Push" by Liam Pleven says JPM has a deal with Cheniere Energy which will give JPMorgan's clients access to its Sabine Pass terminal in La. and the firms will work together to find clients who want to ship through the terminal.
WSJ pC7 "Late '09 Surge in Mergers Doesn't Carry Over in '10" by Jeffrey McCracken, Dana Cimilluca says in the ranking of global merger advisers Goldman Sachs was first at $182 bil and JPMorgan was 5th. One of the big deals this quarter was Coca cola's purchase of the bulk of its largest bottler for $12 bill in Feb.
WSJ pC11 "Ranking by Revenue" lists JPMorgan as the top underwriter for the quarter with BofA second.
Johnson & Johnson JNJ $65.2 +0.30 0.46% 11,939,078 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Kraft KFT $30.24 -0.26 0.85% 8,654,013 NYSE: Fin times p18 "Kraft's bold ambition means tough task for Rosenfeld" by Elizabeth Rigy discusses CEO Rosenfeld's sales gorwth goal of 5% and says it is too aggressive.
WSJ pC5 "Home Depot, Kraft Lead Consumer Slide" by Donna Yesalavich says US stocks fell Wed. in the final session of the quarter as a disappointing report on private sector jobs hit a swatch of firms, including Home Depot and Kraft Foods, although energy firms such a Chevron climbed as the Obama Admin. proposed more offshore drilling. For march, the Dow climbed 5.15% representing its best month since Nov. The Dow is now up 65.82% from its 12 year closing low hit in Mar. '09. For the quarter it was up 4.11%, marking its best first quarter since '99 and its fourth consecutive quarter positive. Boeing was the Dow's best performer in the quarter with a jump of 34% but was among yesterday's laggards as it warned it would take a $150 mil charge due to health care legis. revisions.
WSJ pC7 "Late '09 Surge in Mergers Doesn't Carry Over in '10" by Jeffrey McCracken, Dana Cimilluca says in the ranking of global merger advisers Goldman Sachs was first at $182 bil and JPMorgan was 5th. One of the big deals this quarter was Coca cola's purchase of the bulk of its largest bottler for $12 bill in Feb. Also discussed was Nestle's pruchase of Kraft's pizza business in Jan for 3.7 bil.
McDonald's MCD $66.72 -0.52 0.77% 5,765,742 NYSE: No mentions found.
Merck MRK $37.35 -0.31 0.82% 12,966,368 NYSE: No mentions found.
Microsoft MSFT $29.2875 -0.4825 1.62% 63,762,620 NASDAQ-GS: AJC pA12 "Ford, Microsoft team up for recharging system" says the 2 firms will develop a computerized link between houses, electric cars and utility firms to help manage energy use called Microsoft Holm which would start with the all electric Ford Focus to go on sale in '11.
USA Today p5B "concerns about job losses ding stocks" by Bloomberg says stocks fell Wed, trimming 4th consecutive quarterly advance, as private reports showed employers unexpectedly cut jobs this month and business activity grew less than forecast. Cisco systems, Microsoft and DuPont led the Dow Jones industrial average lower as ADP Employer Services said firms cut 23,000 jobs.
Pfizer PFE $17.15 -0.11 0.64% 59,032,353 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Procter & Gamble PG $63.27 -0.39 0.61% 8,194,089 NYSE: No mentions found.
3M MMM $83.57 -0.71 0.84% 4,336,635 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Travelers TRV $53.94 +0.01 0.02% 3,357,022 NYSE: No mentions found.
United Technologies UTX $73.61 -0.52 0.7% 3,761,566 NYSE: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
Verizon VZ $31.02 -0.21 0.67% 21,436,254 Dual Listed: WSJ pB1 " . . .CEO Pay List" by Joann S. Lublin says Disney's CEO Robert Iger had the second largest pay package at $20.8 mil. & IBM's Samuel Palmisano was right behind him. The Chart at page B4 has a complete list with JNJ's William C. Weldon at 4th, Travelers Jay Fishman at 5th, AT&T's Randall Stephenson at 6th, Boeing W. James McNerney at 10th, United Tech's Louis Chenevert at 13th, Verizon's Ivan Seidenberg at 15th, Pfizer Jeffrey Kindler 17, Coke's Muhtar Kent 21, 3M's George Buckley 30.
WalMart WMT $55.6 -0.31 0.55% 9,966,853 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 4/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $317 [5]
2. Microsoft MSFT 257 [9]
3. WalMart WMT 212 [4]
4. GE 200 [10.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 180 [3]
7. BAC 179 [10]
8. JPMorgan Chase 178 [4]
9. IBM 167 [1]
10. AT&T 153 [6]
11. Chevron CVX 152 [2]
12. Cisco CSCO 149 [6]
13. Pfizer PFE 138 [8]
14. Coke KO 127 [2]
15. Hewlett-Packard HPQ 125 [2]
16. Intel INTC 123 [5.5]
17. Merck MRK 116 [3]
18. Verizon VZ 88 [3]
19. McDonald's MCD 72 [1]
20. United Technologies UTX 69 [1]
21. Disney DIS 67 [2]
22. 3M MMM 59 [.5]
23. Home Depot 55 [2]
24. Boeing BA 55 [1]
25. American Express AXP 49 [1]
26. Kraft KFT 45 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 34 [1]
29. Travelers 27 [.5]
30. Alcoa AA 15 [1]
Here are the latest SEC filings as of 4/1/10 market open 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: 3/26/10 8K re: its intent to take a non-cash charge of approximately $1 billion in the first quarter of 2010 to reflect the impact of the health care reform legislation.
Alcoa AA: 3/2/10 Add'l def. proxy materials
American Express AXP: 3/18/10 Add'l def. proxy materials
Bank of Am BAC: 3/17/10 Add'l def. proxy materials
Boeing BA: 3/31/10 8K re: charge off re: income tax charge of approximately $150 million as a result of the Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act.
Caterpiller CAT: 3/24/10 8K re: charge off as a result of the Patient Protection and Affordable Care Act (H.R. 3590) signed into law on March 23, 2010
Chevron CVX: 3/31/10 Add'l def. proxy soliciting material
Cisco CSCO: 2/17/10 10Q Quarterly Report
Coke KO: 3/22/10 8K re: transactions related to CCE transaction.
Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws
DuPont DD: 3/19/10 Def. add'l proxy materials
ExxonMobil XOM: 3/29/10 8K re: its 2009 Financial and Operating Review
GE: 3/25/10 8K re: credit agreement with lenders led by JPMorgan Chase re: the transaction wherein GE and Comcast will form a joint venture which will consist of the NBCU businesses and Comcast’s cable networks.
Hewlett-Packard HPQ: 3/23/10 8K re: amendment of its Stock Incentive Plan
Home Depot HD: 3/25/10 10K Annual Report
Intel INTC: 3/22/10 8K re: John Thornton will not stand for reelection at the Company’s Annual Stockholders’ Meeting to be held on May 19, 2010
IBM: 3/25/10 Add'l def. proxy soliciting materials
JPMorganChase JPM: 3/31/10 Def. add'l proxy materials
Kraft KFT: 3/30/10 Definitive Add'l Proxy material
McDonalds MCD: 3/9/10 8K re: Press release "McDonald’s Global Comparable Sales Increased 4.8% in February"
Merck MRK: 3/11/10 8K re: amendment to the Call Option Agreement among Merck, Merck Sharp & Dohme and sanofi-aventis re: the option granted by Merck to sanofi-aventis to acquire 50% of Merck’s animal health business.
Microsoft MSFT: 1/28/10 10Q.
Pfizer PFE: 3/16/10 Add'l Proxy Materials
Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference
3M MMM: 3/26//10 8K re: one-time charge it expects to take in the first quarter of 2010 as a result of the Patient Protection and Affordable Care Act signed by the President on March 23, 2010.
Travelers TRV: 3/17/10 Add'l Proxy Materials
United Technologies UTX: 3/24/10 Add'l proxy solicitation materials
2/26/10 Def. Proxy Statement
Verizon Communications Inc. VZ: 3/30/10 Proxy Statement
WalMart WMT: 3/30/10 10K Annual Report