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Post No. 449. 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 5/1/10 and an update of the Dow 30 component's SEC filings as of 5/10/10.
The Dow Jones Industrial Average closed Tuesday at 10,043.75 down 22.82 or 0.23% from Monday's close of 10,066.57. Of the 30 Dow Companies: 12 gained and 18 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $45.85 +0.16 0.35% 22,716,437 NYSE. The biggest decliner dollar-wise was Chevron CVX $72.57 -0.87 1.18% 22,303,527 NYSE and percentage-wise was Kraft KFT $28.37 -0.56 1.94% 29,023,455 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 14.64 down from Monday's 14.82 (year ago it was 41.60) the P/E estimate is 12.45 down from Monday's 13.10 (year ago it was 23.73) and the current dividend yield is 2.74 up from Monday's 2.70 (it was 3.71 a year ago). 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.
Tuesday's Dow Jones Industrial Average closing numerator was 1,328.98 down 3.02 from Monday's closing numerator of 1,332. 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 3.02 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of 22.82. 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 $44.30 down 0.10 from Monday's Dow Jones Industrial Average average closing price of $44.40. The median closing price of Tuesday's Dow Jones Industrial Average was 38.97 u 0.14 from Monday's median price of $38.83. The lowest volume was 3M MMM $79.47 -0.12 0.15% 5,705,171 NYSE and the highest volume again was Bank of America BAC $15.49 +0.09 0.58% 263,332,205 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 lost $301.94 ($133,199.94 -$132,898).
Market Watch at 5:08 by Kate Gibson says US stocks ended a volatile session mostly higher on Tuesday, with a rebound in materials, financial and consumer shares helping the Dow Jones Industrial Average recover most of a nearly 300-point drop that had pushed it below the 10,000 mark. Fear over the impact of the sovereign debt crisis in Europe and tensions between North and South Korea had led the Dow industrials (DJIA 10,044, -22.82, -0.23%) to as low as 9,774.48 during the session. But the blue-chip average recovered to end down 22.82 points, or 0.2%, at 10,043.75 by the close. Dow rebounds from big dropThe stock market pares its losses but stays on track for a decline fueled by European worries. Plus, WSJ's Brett Arends says investors should ignore the panic and look for solid value. Blue-chip gains were led by shares of Home Depot HD 33.22, -0.76, -2.24%) , up 2.3%, and Alcoa Inc. (AA 11.39, +0.09, +0.80%) , up 1.9%. In the broad market, the S&P 500 Index (SPX 1,074, +0.38, +0.04%) rose 0.38 points to 1,074.03, led by the materials sector, up 1.6%, and the financials and consumer discretionary sectors, both up 0.8%. During the session, the broad market gauge had fallen as low as 1,040, its lowest level since late November. The Nasdaq Composite (COMP 2,211, -2.60, -0.12%) ended down 2.6 points, or 0.1%, at 2,210.95. Still, for every stock on the rise, two lost ground on the New York Stock Exchange, where 1.9 billion shares traded. Tuesday's action had Italian, Portuguese and Irish stocks markets joining Spain and Greece in bear-market territory, down 20% and more from April highs. Read more about Southern Europe markets. Worries about the banking industry in Europe could be seen in the Libor rate, with the three-month U.S. dollar London interbank offered rate hitting its highest level since July of last year. The European Commission on Wednesday will announce plans for an up-front levy on European banks to help protect against future failures, according to published reports. The steep losses on the major U.S. stock indexes moderated some after U.S. economic data, which included a better-than-expected report on consumer confidence. Still, the list of worries includes Europe's ability to stem its sovereign-debt trouble, which was further fueled by the Bank of Spain taking over a savings bank during the weekend, along with news that four other Spanish savings banks would merge. Plus, tensions between North and South Korea escalated, with the two countries trading economic and political threats. The Conference Board said its sentiment gauge rose to 63.3 in May from 57.7 the prior month, with the index up for a third consecutive month. Less upbeat were reports on the U.S. housing industry, with the Standard & Poor's/Case-Shiller home price index off 0.5% in March from February. Separately, the Federal Housing Finance Authority reported U.S. home prices fell 1.9% in the first quarter from the fourth quarter.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $24.32 -0.11 0.45% 52,216,859 NYSE:
Alcoa AA $11.3 +0.21 1.89% 48,494,048 NYSE:
Amex AXP $39 -0.04 0.1% 14,738,521 NYSE:
Bank of Am BAC $15.49 +0.09 0.58% 263,332,205 NYSE:
Boeing BA $62.78 -0.37 0.59% 6,903,135 NYSE:
Caterpillar CAT $59.21 -0.01 0.02% 13,789,980 NYSE:
Chevron CVX $72.57 -0.87 1.18% 22,303,527 NYSE:
CSCO $23.31 -0.06 0.26% 64,823,069 NASDAQ-GS:
Coke KO $50.62 -0.84 1.63% 14,334,137 NYSE:
Disney DIS $32.32 +0.16 0.49% 26,555,900 NYSE:
DuPont DD $35.48 -0.08 0.23% 10,414,969 NYSE:
Exxon XOM $59.71 -0.48 0.8% 50,516,773 NYSE:
GE $15.95 -0.06 0.37% 122,132,979 NYSE:
Hewlett-Packard HPQ $45.85 +0.16 0.35% 22,716,437 NYSE
Home Depot HD $33.98 +0.76 2.29% 30,405,988 NYSE
Intel INTC $20.85 +0.18 0.87% 95,865,576 NASDAQ-GS
IBM $124.52 +0.07 0.06% 9,492,517 NYSE
Johnson & John JNJ $60.35 -0.22 0.36% 21,093,805 NYSE
JPMorgan JPM $38.94 +0.32 0.83% 66,513,792 NYSE
Kraft KFT $28.37 -0.56 1.94% 29,023,455 NYSE
McDonalds MCD $67.84 +0.18 0.27% 9,256,329 NYSE
MRK $32.06 +0.20 0.63% 20,685,239 NYSE
MSFT $26.07 -0.20 0.76% 98,162,730 NASDAQ-GS
Pfizer PFE $15.06 -0.16 1.05% 102,912,187 NYSE
Proctor & Gam PG $61.05 -0.35 0.57% 18,249,819 NYSE
MMM $79.47 -0.12 0.15% 5,705,171 NYSE
Travelers TRV $48.67 +0.18 0.37% 6,596,081 NYSE
United Tec UTX $66.16 +0.03 0.05% 7,858,347 NYSE
Verizon VZ $27.4 -0.09 0.33% 23,239,800 DualListed
WalMart WMT $50.28 0.72 1.41% 23,969,357 NYSE
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The following are excerpts from Tues. morning's Blog.
A read of Tuesday's Wall St. 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 Monday's stock prices and related data.
Dow: The Dow Jones Industrial Average closed Monday at 10,066.57 down 126.82 or 1.24%. For the year the Dow is down 3.47%. Of the 30 Dow Companies: Only Home Depot gained and 29 declined. The only gainer dollar-wise and percentage-wise was HD $33.22 +0.20 0.61% 24,240,553 NYSE. The biggest decliner dollar-wise was JPMorgan Chase JPM $38.62 1.43 3.57% 49,111,333 NYSE and percentage-wise was Bank of Am BAC $15.4 0.59 3.69% 170,446,917 .
WSJ pC1 "Stocks Feel Chill From Europe" by Peter McKay says stocks staged a late day tumble, wiping out Fri's gains, and sending the Dow Jones Industrial Average to its lowest close since early Feb. The Dow fell with banks leading the index down amid worries about pending fin'l legislation. Bank of America and JPMorgan each fell more than 3.5%. Concerns over the health of European economies, ignited by the gov rescue of a Spanish bank, cast a pall across all markets from currencies to corp. bonds and commodities.
WSJ pC6 "Bank of America Falls 3.7%" by Donna Yesalavich says stocks fell, led by fin'l stocks including Bank of America, J.P.Morgan Chase, and American Express, as the seizure of a Spanish bank reignited concerns about the euro zone's fin'l system, while investors continue to fret over the potential impact of a regulatory overhaul in the US. Home Depost was along among the Dow's 30 components to rise. It gained 0.6% bolstered by a bigger than expected rise in April existing home sales.
Fin Times pB26 "Stocks in sharp sell off as worries over Europe persist" by Masa Serdarevic says US stocks sold off sharply just before the session's close after spending much of the day bouncing around the flat line,a s investors remained focused on the impact of the austerity measures planned by some European govs. IBM lost 0.8% after the world's biggest computer service providers agreed to buy Sterling Commerce, which aims to optimise business collaboration networks, for $1.4 bil from At&T.
NYT pB8 "fin'l Reform & Europe's Debt Send Shares Lower" by Christine Hauser says stocks declined on Mon, dragged down by late day losses in the fin'l sector, which has been mired in uncertainty over fin'l reforms and European debt troubles.
USA Today p4B "Europe, fin'l plan fears ding stocks" by AP says fin'l firms dragged stocks lower Mon as already anxious investors grew even more uncertain about the US gov's fin'l overhaul plan and debt problems in Europe.
Monday's Dow Jones Industrial Average closing numerator was 1,332 down 26.78 from Friday's closing numerator of 1,348.78. 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 26.78 for Monday by the divisor (0.132319125) you get the decrease in Thursday's Dow of 126.82. 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 $44.40 down 0.56 from Friday's Dow Jones Industrial Average average closing price of $44.96. The median closing price of Monday's Dow Jones Industrial Average was 38.83 down $1.11 from Friday's median price of $39.94. The lowest volume was MMM $79.59 1.11 1.38% 3,623,669 NYSE and the highest volume again was Bank of America BAC $15.4 0.59 3.69% 170,446,917 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 $1,678.05($134,877.99 - $133,199.94).
Peter McKay of Market Watch at 4:48 says a late swoon sent stocks to a steep loss Monday that erased all the previous session's gains, underscoring that investors' fears about Europe's credit crisis and tighter rules on Wall Street are still running strong.
Financials led a decline that spread across every sector, though volume lightened considerably. Traders said those conditions paved the way for additional volatility late in the day as a relatively small number of participants had an outsized effect on the major averages.
The Dow Jones Industrial Average (DJIA 10,067, -126.82, -1.24%) slid 126.82 points, just barely erasing Friday's 125-point rally. The blue-chip measure was off 1.2% on the day to 10066.57, led by declines of more than 3.5% each in Bank of America Corp. (BAC 15.40, -0.59, -3.69%) and J.P. Morgan Chase (JPM 38.62, -1.43, -3.57%) .
Only one Dow component managed a daily gain - Home Depot / (HD 33.22, +0.20, +0.61%) , which climbed 0.6%.
Worries about the euro-zone's banking system held the market in check all day. Traders said bank stocks bore the brunt of those concerns, along with lingering uncertainty over how the U.S. House might put its stamp on regulatory reforms recently passed in the Senate.
"A lot of people are taking a wait-and-see approach right now, with all the overhang we have from overseas and some of the other risk factors out there," said David Bellantonio, head trader at Instinet, a New York brokerage. "It just looks like the bids have dried up here, but I wouldn't necessarily describe the selling as aggressive."
Composite trading activity in New York Stock-Exchange listed companies hit 5.3 billion shares, almost 25% below the daily average so far this month, which has been driven primarily by concerns about the European credit crisis.
That issue remained in focus following a move over the weekend by the Bank of Spain to seize regional savings bank CajaSur, fanning worries that sovereign-debt woes could spread. Read more on CajaSur.
In a sign of the nervousness over banks, the three-month U.S. dollar London interbank offered rate, a key benchmark, reached its highest level since July, at 0.50969%, above its 0.49688% level on Friday.
The euro recently fell to $1.2370, compared to $1.2574 late Friday. That helped to push the U.S. Dollar Index /(DXY 86.54, +1.17, +1.37%) up 1.2%.
The Nasdaq Composite Index (COMP 2,214, -15.49, -0.69%) slipped 0.7%. The S&P 500(SPX 1,074, -14.04, -1.29%) fell 1.3%, with its financial sector its weakest category, off 2.9%. All its other sectors were lower as well.
Despite the session's glum tone, a few technology bellwethers did manage to rebound slightly from last week's drubbing. Apple Inc. (AAPL 246.76, +4.44, +1.83%) was up 1.8%, while Google (GOOG 477.16, +5.11, +1.08%) gained 1.1%. Niall Ferguson: Investing Amid Uncertainty Economic historian and author of The Ascent of Money: A Financial History of the World, Niall Ferguson gives his predictions on gold prices, emerging markets and the Swiss franc. Ferguson also tells Dow Jones Veronica Dagher where he's investing his money amid the uncertainty. Yahoo (YHOO 15.54, +0.07, +0.42%) shares rose 0.4% after unveiling a partnership with Nokia (NOK 10.02, -0.05, -0.50%) to combine forces in email-, chat- and navigation-services for mobile phones.
Among stocks to watch, Tenet Healthcare (THC 5.54, +0.17, +3.17%) rose 3.2% after being upgraded to "overweight" from "neutral" by J.P. Morgan as the firm predicted a more favorable health-overhaul impact on the company than some others in the sector.
Citigroup (C 3.78, +0.03, +0.80%) shares rose 0.8% after it was upgraded by Goldman Sachs, which said the recent spike in market volatility "makes us more optimistic about capital markets activity like trading." Goldman also boosted its investment rating on Sprint Nextel to "buy" from "neutral," prompting the wireless carrier's stock to jump 8.6%.
Investors' fears that China may take quick action to clamp down on its rapid economic growth ebbed. In opening remarks during a visit by U.S. officials to China, President Hu Jintao said Monday that his country would continue to work toward reforming its currency system. While he didn't announce any concrete measures, Hu did refer specifically to the exchange rate, which many U.S. lawmakers think China keeps unfairly low to support its exports. See full story on China, currency vows.
The benchmark 10-year Treasury note (UST10Y 3.20, -0.04, -1.17%) fell 8/32 to yield 3.231%.
AT&T T $24.43 -0.42 1.69% 29,976,382 NYSE: WSJ pB2 "IBM Buys Softare Unit From AT&T" by Spencer Ante, Fin Times p18 "IBM in $1.4 Bil Move for Softare Unit" by Richard Waters, NYT pB2, WSJ pC20 "Overheard" say AT&T will book a $750 mil gain on the $1.4 bil sale of Sterling Commerce to IBM.
Fin Times pB26 "Stocks in sharp sell off as worries over Europe persist" by Masa Serdarevic says US stocks sold off sharply just before the session's close after spending much of the day bouncing around the flat line,a s investors remained focused on the impact of the austerity measures planned by some European govs. IBM lost 0.8% after the world's biggest computer service providers agreed to buy Sterling Commerce, which aims to optimise business collaboration networks, for $1.4 bil from At&T.
Alcoa AA $11.09 -0.26 2.29% 22,263,466 NYSE: No mentions found.
Amex AXP $39.04 -0.78 1.96% 10,303,860 NYSE: WSJ pC6 "Bank of America Falls 3.7%" by Donna Yesalavich says stocks fell, led by fin'l stocks including Bank of America, J.P.Morgan Chase, and American Express, as the seizure of a Spanish bank reignited concerns about the euro zone's fin'l system, while investors continue to fret over the potential impact of a regulatory overhaul in the US. Home Depost was along among the Dow's 30 components to rise. It gained 0.6% bolstered by a bigger than expected rise in April existing home sales.
Bank of Am BAC $15.4 -0.59 3.69% 170,446,917 NYSE: WSJ pC1 "Stocks Feel Chill From Europe" by Peter McKay says stocks staged a late day tumble, wiping out Fri's gains, and sending the Dow Jones Industrial Average to its lowest close since early Feb. The Dow fell with banks leading the index down amid worries about pending fin'l legislation. Bank of America and JPMorgan each fell more than 3.5%. Concerns over the health of European economies, ignited by the gov rescue of a Spanish bank, cast a pall across all markets from currencies to corp. bonds and commodities.
WSJ pC6 "Bank of America Falls 3.7%" by Donna Yesalavich says stocks fell, led by fin'l stocks including Bank of America, J.P.Morgan Chase, and American Express, as the seizure of a Spanish bank reignited concerns about the euro zone's fin'l system, while investors continue to fret over the potential impact of a regulatory overhaul in the US. Home Depost was along among the Dow's 30 components to rise. It gained 0.6% bolstered by a bigger than expected rise in April existing home sales.
WSJ pB1 "Gentiva health Services Will Pay $1 Bil for Odyssey Healthcare" by Dinah Wisenberg Brin says the acquisition will be financed by Bank of America, Barclays and GE.
Boeing BA $63.15 -1.41 2.18% 6,153,197 NYSE: No mentions found.
Caterpillar CAT $59.22 -0.87 1.45% 11,171,096 NYSE: No mentions found.
Chevron CVX $73.44 -1.04 1.4% 10,528,514 NYSE: No mentions found.
CSCO $23.37 -0.09 0.38% 48,015,087 NASDAQ-GS: No mentions found.
Coke KO $51.46 -0.13 0.25% 8,407,540 NYSE: WSJ pB6 "Soft Drink 7UP to Get a New, Crisper Taste" by Anjali Cordeiro says Dr,.Pepper Snapple Group is reformulating its 7UP drink and launching new advertising around the brand, in a move that could help it boost sales volume and better compete with rival offerings from coca-Cola and PepsiCo.
Disney DIS $32.48 -0.39 1.19% 14,029,912 NYSE: WSJ pB8 "Lost Finale Finds a Base" by Shira Ovide, Suzanne Vranica says the last episode of Disney's ABC series lost drew a solid but unremarkable average of 13.5 mil viewers.
DuPont DD $35.4 -0.70 1.94% 6,125,637 NYSE: No mentions found.
Exxon XOM $60.19 -0.69 1.13% 27,830,231 NYSE: No mentions found.
GE $16.01 -0.41 2.5% 73,986,860 NYSE: WSJ pB1 "Gentiva health Services Will Pay $1 Bil for Odyssey Healthcare" by Dinah Wisenberg Brin says the acquisition will be financed by Bank of Amaeica, Barclays and GE.
AJC pA10 "GE wins Ohio wind turbine order" says Ge the world's second biggest maker of wind turbines, won its first order for a US offshore project to be built in Lake Erie near Cleveland.
Hewlett-Packard $65.69 -0.89 1.91% 18,063,276 NYSE: No mentions found.
Home Depot HD $33.22 +0.20 0.61% 24,240,553 NYSE: WSJ pC6 "Bank of America Falls 3.7%" by Donna Yesalavich says stocks fell, led by fin'l stocks including Bank of America, J.P.Morgan Chase, and American Express, as the seizure of a Spanish bank reignited concerns about the euro zone's fin'l system, while investors continue to fret over the potential impact of a regulatory overhaul in the US. Home Depost was along among the Dow's 30 components to rise. It gained 0.6% bolstered by a bigger than expected rise in April existing home sales.
WSJ pB6 "Retailers Temper Hopes for Recovery" by Andria Cheng says while such major retailers as WalMart, Home Depot, Gap, Macy's and Kohl's reported improved 1Qtr results, the upswing in consumer spending wasn't enough tot alter earlier full year outlooks for many of them beyond minor adjustments to capture results from the strong 1Qtr.
Intel INTC $20.67 -0.2375 1.14% 56,363,034 NASDAQ-GS: WSJ pB5 "Intel Updates Low Power Chip Line" by Don Clark says Intel overhauled its low power chips for laptops, hoping to help computer makers offer very thin portables at mainstream price points.
IBM $124.45 -0.97 0.77% 6,866,096 NYSE: WSJ pB2 "IBM Buys Softare Unit From AT&T" by Spencer Ante, Fin Times p18 "IBM in $1.4 Bil Move for Softare Unit" by Richard Waters, NYT pB2, WSJ pC20 "Overheard" say AT&T will book a $750 mil gain on the $1.4 bil sale of Sterling Commerce to IBM.
Fin Times pB26 "Stocks in sharp sell off as worries over Europe persist" by Masa Serdarevic says US stocks sold off sharply just before the session's close after spending much of the day bouncing around the flat line,a s investors remained focused on the impact of the austerity measures planned by some European govs. IBM lost 0.8% after the world's biggest computer service providers agreed to buy Sterling Commerce, which aims to optimise business collaboration networks, for $1.4 bil from At&T.
JPMorgan JPM $38.62 -1.43 3.57% 49,111,333 NYSE:WSJ pC1 "Stocks Feel Chill From Europe" by Peter McKay says stocks staged a late day tumble, wiping out Fri's gains, and sending the Dow Jones Industrial Average to its lowest close since early Feb. The Dow fell with banks leading the index down amid worries about pending fin'l legislation. Bank of America and JPMorgan each fell more than 3.5%. Concerns over the health of European economies, ignited by the gov rescue of a Spanish bank, cast a pall across all markets from currencies to corp. bonds and commodities.
WSJ pC6 "Bank of America Falls 3.7%" by Donna Yesalavich says stocks fell, led by fin'l stocks including Bank of America, J.P.Morgan Chase, and American Express, as the seizure of a Spanish bank reignited concerns about the euro zone's fin'l system, while investors continue to fret over the potential impact of a regulatory overhaul in the US. Home Depost was along among the Dow's 30 components to rise. It gained 0.6% bolstered by a bigger than expected rise in April existing home sales.
Johnson & Johnson & Johnson $60.57 -0.31 0.51% 13,977,112 NYSE: No mentions found.
KFT $28.93 -0.76 2.56% 14,078,537 NYSE: No mentions found.
McDonalds MCD $67.66 -0.20 0.29% 6,727,334 NYSE: No mentions found.
MRK $31.86 -0.18 0.56% 13,290,698 NYSE: No mentions found.
Microsoft MSFT $26.27 -0.57 2.12% 73,631,541 NASDAQ-GS: WSJ pB1 "Microsoft Shakes up Xbox, Cell Execs" by Nick Wingfield says Microsoft is shaking up the management of its division focused on videogames, mobile phones and other products, in the wake of increasingly bruising competition form Apple and Google in the market for consumer devices. It will say as early as this week that major organizational changes at its Entertainment & Devices Division will occur whichincludes Microsoft's Xbox video game business and Windows Phone an operating system for mobile phones. The unit accounted for $1.67 bil in sales during the first 3 months of the year or about 11% of MSFT's $14.5 bil in rev during that period.
Pfizer PFE $15.22 -0.18 1.17% 54,049,288 NYSE: No mentions found.
Procter & Gamble PG $61.4 0.-45 0.73% 12,718,829 NYSE: No mentions found.
MMM $79.59 -1.11 1.38% 3,623,669 NYSE: No mentions found.
Travelers TRV $48.49 -0.74 1.5% 5,249,032 NYSE: No mentions found.
United Tech UTX $66.13 -0.31 0.47% 5,340,012 NYSE: No mentions found.
Verizon VZ $27.49 -0.47 1.68% 19,311,567 Dual Listed: No mentions found.
WalMart WMT $51 0.-37 0.72% 13,543,184 NYSE: WSJ pB6 "Retailers Temper Hopes for Recovery" by Andria Cheng says while such major retailers as WalMart, Home Depot, Gap, Macy's and Kohl's reported improved 1Qtr results, the upswing in consumer spending wasn't enough tot alter earlier full year outlooks for many of them beyond minor adjustments to capture results from the strong 1Qtr.
USA Today p1B "WalMarts in 15 states get recalled sprouts" says alfalfa sprous were recalled because of salmonella from more than 400 WMT stores.
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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 5/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $319 [5]
2. Microsoft MSFT 268 [9]
3. WalMart WMT 201 [4]
4. GE 201 [10.5]
5. Procter & Gamble PG 180 [3]
6. BAC 179 [10]
7. Johnson & Johnson JNJ 177 [3]
8. JPMorgan Chase 169 [4]
9. IBM 166 [1]
10. Chevron CVX 163 [2]
11. AT&T 154 [6]
12. Cisco CSCO 154 [6]
13. Pfizer PFE 135 [8]
14. Intel INTC 126 [5.5]
15. Coke KO 123 [2]
16. Hewlett-Packard HPQ 122 [2]
17. Merck MRK 109 [3]
18. Verizon VZ 82 [3]
19. McDonald's MCD 76 [1]
20. Disney DIS 71 [2]
21. United Technologies UTX 70 [1]
22. 3M MMM 63 [.5]
23. Home Depot 60 [1.5]
24. Boeing BA 55 [1]
25. American Express AXP 55 [1]
26. Kraft KFT 51 [1.5]
27. Caterpillar CAT 43 [.5]
28. DuPont DD 36 [1]
29. Travelers 25 [.5]
30. Alcoa AA 14 [1]
Here are the latest SEC filings as of 5/10/10 market 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: 5/6/10 10-Q
5/4/10 8K: re: results from the annual meeting of the stockholders of AT&T Inc. held on April 30, 2010, in Chattanooga, Tennessee.
Alcoa AA: 5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 5/5/10 10Q
4/28/10 8-K re: transcript of 4/22/10 American Express live audio conference call/webcast to discuss the Company’s financial results for the three months ended March 31, 2010
Bank of Am BAC: 5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 5/510 10Q
4/30/10 8K re: 4/30/10 press release announcing unaudited first quarter 2010 net income of $4.6 billion
Cisco CSCO: 2/17/10 8K re: amendment of an excec vp's employment agreement.
Coke KO: 4/29/10 10Q
4/26/10 8K re: results of 4/21/10 voting results from annual meeting in Duluth, Ga.
Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws