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Post No. 510. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
The Dow Jones Industrial Average closed Wednesday at 9,774.02 down 96.228 or 0.98% from Tuesday's close of 9,870.3. Of the 30 Dow Companies: only 3M gained and 29 declined. The only gainer dollar-wise was and percentage-wise was 3M MMM $78.99 +0.50 0.64% 6,942,318 NYSE .The biggest decliner dollar-wise was IBM $123.48 -1.61 1.29% 8,016,734 NYSE and percentage-wise was Alcoa AA $10.06 -0.28 2.71% 34,435,463 NYSE.
As of the open of the market Wednesday, 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 14.35 down from Tuesday's 14.74 (year ago it was 12.30) the P/E estimate is 12.60 unchanged from Tuesday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.81 up from Tuesday's 2.73 (it was 3.42 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.
Wednesday's Dow Jones Industrial Average closing numerator was 1,293.29 down 12.79 from Tuesday's closing numerator of 1,306.03. 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 12.79 for Wednesday by the divisor (0.132319125) you get the decrease in Wednesday's Dow of 96.28. 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 $43.11 down 0.42 from Tuesday's Dow Jones Industrial Average average closing price of $43.53. The median closing price of Wednesday's Dow Jones Industrial Average was $38.15 down $0.42 from Tuesday's median price of $38.57. The lowest volume was Travelers TRV $49.25 -0.48 0.97% 4,426,230 NYSE and the highest volume again was Bank of America BAC $14.37 -0.20 1.37% 138,694,144 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 $1,260 ($130,590 - $129,330).
MarketWatch 6/30/10 Wed. 5:00 pm by Kate Gibson says U.S. stocks slumped on Wednesday, leading the market to its worst quarter since December 2008, as economic concerns continued to pile on. A disappointing private-sector jobs report offset more upbeat manufacturing data ahead of Friday's monthly employment report. The Dow Jones Industrial Average (DJIA 9,774, -96.28, -0.98%) fell 96.28 points, or 1%, to 9,774.02 on Wednesday. The S&P 500 Index (SPX 1,031, -10.53, -1.01%) fell 10.53 points, or 1%, to 1,030.71, while the Nasdaq Composite Index (COMP 2,109, -25.94, -1.22%) fell 25.94 points, or 1.2%, to 2,109.24. For June, the Dow industrials fell 3.6%, the S&P 500 fell 5.4% and the Nasdaq dropped 6.6%. For the second quarter, the Dow lost 10%, marking its first drop after four straight quarters of growth. The S&P 500 and the Nasdaq fell 12% each during the quarter, with the two indexes posting their worst quarter since December 2008. While corporate results have largely exceeded expectations, worries have mounted about the U.S. economic recovery, which has been hindered by a persistently high unemployment rate and a troubled housing market. In recent weeks, Europe's ability to deal with its debt crisis and worries about a possible economic slowdown in China have plagued Wall Street. On Wednesday, manufacturer 3M Co. (MMM 78.99, +0.50, +0.64%) was the only gainer on the Dow, up 0.6%. Alcoa Inc. (AA 10.03, -0.03, -0.30%) was the Dow's greatest laggard, off 2.7%. For every stock on the decline nearly two were rising on the New York Stock Exchange, where more than 1.4 billion shares traded. The Institute for Supply Management said manufacturing activity in the Chicago region slipped a bit in June, but remained at relatively high levels that still indicate overall expansion. A separate report Wednesday showed that companies added far fewer employees than anticipated in June after a revised 57,000 hike the month before. The ADP report rankled sentiment ahead of Friday's monthly jobs report from the Labor Department. Signaling European banks might be in better fiscal shape than thought, the European Central Bank said Wednesday that it would loan financial institutions 131.9 billion euros, or $161.5 billion, for three months. Demand for the ECB cash proved less than expected, fueling optimism ahead of Thursday's deadline for banks to repay 442 billion euros in 12-month funds to the ECB. Curbing enthusiasm some, Moody's Wednesday afternoon said it was putting Spain's triple-A rating on review for a credit downgrade.
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $24.19 -0.27 1.1% 37,191,432 NYSE
Alcoa AA $10.06 -0.28 2.71% 34,435,463 NYSE
Amex AXP $39.7 -0.39 0.97% 8,974,979 NYSE
Bank of Am BAC $14.37 -0.20 1.37% 138,694,144 NYSE
Boeing BA $62.75 -0.29 0.46% 7,101,110 NYSE
Caterpillar CAT $60.07 -0.78 1.28% 9,628,769 NYSE
Chevron CVX $67.86 -0.50 0.73% 12,870,454 NYSE
CSCO $21.31 -0.31 1.43% 57,040,186 NASDAQ-GS
Coke KO $50.12 -0.21 0.42% 10,965,714 NYSE
Disney DIS $31.5 -0.80 2.48% 17,185,719 NYSE
DuPont DD $34.59 -0.65 1.84% 7,086,651 NYSE
Exxon XOM $57.07 -0.22 0.38% 43,921,679 NYSE
GE $14.42 -0.06 0.41% 81,556,358 NYSE
Hewlett-Packard HPQ $43.28 -1.02 2.3% 23,704,249 NYSE
Home Depot HD $28.07 -0.56 1.96% 20,940,718 NYSE
Intel INTC $19.45 -0.34 1.72% 64,244,487 NASDAQ-GS
IBM $123.48 -1.61 1.29% 8,016,734 NYSE
JPMorgan JPM $36.61 -0.45 1.21% 35,327,072 NYSE
Johnson & JohnJNJ $59.06 -0.18 0.3% 15,800,684 NYSE
Kraft KFT $28 -0.44 1.55% 16,269,264 NYSE
McDonalds MCD $65.87 -0.59 0.89% 7,201,780 NYSE
MRK $34.97 -0.46 1.3% 21,200,363 NYSE
MSFT $23.01 -0.30 1.29% 80,970,895 NASDAQ-GS
Pfizer PFE $14.26 -0.02 0.14% 50,656,304 NYSE
Procter & Gam PG $59.98 -0.34 0.56% 17,272,955 NYSE
3M MMM $78.99 +0.50 0.64% 6,942,318 NYSE
Travelers TRV $49.25 -0.48 0.97% 4,426,230 NYSE
United Tech UTX $64.91 -0.06 0.09% 6,560,865 NYSE
Verizon VZ $28.02 -0.60 2.1% 27,607,295 Dual Listed
WalMart WMT $48.07 -0.83 1.7% 18,388,350 NYSE
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The following are excerpts from Wed. morning's Blog.
A read of Wednesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 Tuesday's stock prices and related data.
Dow: The Dow Jones Industrial Average closed Tuesday at 9,870.3 down 268.22 or 2.65% from Monday's close of 10,138.52. For the year the Dow is down 5.35%. Of the 30 Dow Companies: none gained and all 30 declined. The biggest decliner dollar-wise was NYSE and percentage-wise was Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC1 "Fear Returns for Quarter's Final Act" by Mark Gongloff says the 2nd quarter's biggest worries took an unwelcome curtain call on Tues., hitting global markets. The trifecta fo trouble - European debt woes, China's slowing growth & the stagnating US recovery - conspired to put the quarter on the cusp of being the worst for US stocks in more than a year. All 3 concerns flared anew as the dow fell 268.22 to slide under 10000, putting it n pace for the first quarterly decline since the bull market began.
NYT pB1 "Wall St. Tallies new Losses With a Bear market in Mind" by Christine Hauser says that fears that the global economy will worsen gripped the fin'l markets Tues. Downbeat economic news that investors might have shrugged off in calmer times sent the broad stock market tumbling to its lowest level this year.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
USA Today p4B "Markets hit hard: Dow under 10000" by AP says stocks and interest raes tumbled Tues after signs of slowing economies from China to the US spooked traders who were already uneasy about global recovery.
Tuesday's Dow Jones Industrial Average closing numerator was 1,306.03 down 35.49 from Monday's closing numerator of 1,341.52. 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 35.49 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of268.22. 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 $43.53 down 1.19 from Monday's Dow Jones Industrial Average average closing price of $44.72. The median closing price of Tuesday's Dow Jones Industrial Average was $38.57 down $1.75 from Monday's median price of $40.32. The lowest volume was Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE and the highest volume again was Bank of America BAC $14.57 -0.67 4.4% 202,000,694 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 $3,562 ($ 134,152 - $130,590).
MarketWatch 6/29/10 Tues. 4:47 pm by Kate Gibson says U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
The Dow Jones Industrial Average (DJIA 9,870, -268.22, -2.65%) fell 268 points, or 2.7%, to end at 9,870.30, its lowest close since early November. Shares of Alcoa Inc. (AA 10.36, +0.02, +0.19%) and Boeing Co. (BA 63.08, +0.04, +0.06%) weighed particularly on blue chips, with both falling more than 6%. The S&P 500 Index (SPX 1,041, -33.33, -3.10%) lost 33.33 points, or 3.1%, to 1,041.24, its lowest level since late October. The broad index was weighed down by a 3.9% drop in both its industrials and financials sectors. The tech-heavy Nasdaq Composite Index (COMP 2,135, -85.47, -3.85%) was the hardest hit of the three major averages, slumping 85.47 points, or 3.9%, to 2,135.18. Industrial companies and natural-resource firms were among the hardest hit after the Conference Board revised downward its leading economic index for China. Read about outlook cut for China. Shares of Titanium Metals Corp. (TIE 17.77, -0.05, -0.29%) and AK Steel Holding Corp. (AKS 12.06, -0.01, -0.08%) were both off 8.2%. Treasurys rally sharply, with the 10-year yield falling below 3%, while stocks and commodities fall as investors grow more nervous about global growth. Worries about the recovery in China, weakness in Japan and the looming expiry of a key ECB bank-lending program are all fueling jitters ahead of the end of the quarter. For every stock that rose, more than 14 were on the decline on the New York Stock Exchange, where 1.6 billion shares traded. Already down sharply, the major indexes fell further after the Conference Board's confidence index dropped to 52.9 in June from a revised 62.7 the month before. Read more about consumer confidence. Earlier, the S&P/Case-Shiller index showed home prices in 20 U.S. cities rising in April, with the jump mostly attributed to a tax credit. The downbeat sentiment had investors flocking to government debt, with yields on the 2-year Treasury note falling to record lows.Europe's common currency also fell, with labor strikes in Greece and Spain illustrating discontent with the continent's austerity measures.
AT&T T $24.46 -0.49 1.96% 52,856,250 NYSE: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
Alcoa AA $10.34- 0.69 6.26% 32,384,349 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
American Exp. AXP $40.09 -2.02 4.8% 12,258,480 NYSE: No mentions found.
Bank of America BAC $14.57 -0.67 4.4% 202,000,694 NYSE: WSJ pC3 "BofA Vets lead group Investing i Fla. bank" by Dan Fitzpatrick says an investor group stacked with former Bank of America execs invested $175 mil in TIB Fin'l corp., a Naples, Fla, bank int he latest example of industry vets looking to pour money into sick US banks.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Caterpillar CAT $60.85 -3.55 5.51% 13,064,257 NYSE: Fin Times p16 "Caterpillar expands in emerging markets" by Hal Weitzman says Caterpillar, the world's biggest maker of earthmoving equipment signalled a big increasein production in emerging markets as it plans to build plants in Cina and Brazil and will relocate senior execs to Asia.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Chevron CVX $68.36 -1.60 2.29% 16,422,424 NYSE: No mentions found.
CSCO $21.62 -0.80 3.57% 68,955,137 NASDAQ-GS: WSJ pB6 "Cisco Plans a Tablet PC Targeted at Businesses" by Don Clark says Cisco will sell a tablet style computer called Cius, targeting biz custoemrs rather than the consumers that have been flocking to producgts such as Apple's hit iPad.
Coke KO $50.33 -0.75 1.47% 11,752,643 NYSE: No mentions found.
Disney DIS $32.3 -0.92 2.77% 15,878,308 NYSE: "WSJ pB1 "Hulu Invites Viewers to Pay for Moe, and Portable, TV" by Sam Schechner, NYT pB4 "Hulu Offers a $9.99 Subscription to Full Seasons of Current TV Shows," say HULU, owned by GE's NBC Universal, News Corp. and Disney will sell a paid subscription service for tvs shows on computers, mobile devices and tvs, creating a battle with cable tv operators.
DuPont DD $35.24 -0.99 2.73% 7,300,556 NYSE: No mentions found.
Exxon XOM $57.29 -1.18 2.02% 52,536,867 NYSE: No mentions found.
GE $14.48 -0.52 3.47% 114,918,460 NYSE: WSJ pB3 "Appeals Ct. Rejects GE's Superfund Claim" by Brend Kendall says a fed appeals ct rejected GM's challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Hewlett-Packard HPQ $44.3 -1.77 3.84% 22,156,077 NYSE: No mentions found.
Home Depot HD $28.63 -0.96 3.24% 22,822,698 NYSE: No mentions found.
Intel INTC $19.79 -0.57 2.8% 79,182,700 NASDAQ-GS: No mentions found.
IBM $125.09 -3.89 3.02% 9,378,799 NYSE: No mentions found.
JPMorgan JPM $37.06 -1.48 3.84% 56,696,705 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Johnson & John JNJ $59.24 -0.21 0.35% 20,239,927 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
KFT $28.44 -0.50 1.73% 12,794,585 NYSE: No mentions found.
McDonalds MCD $66.46 -0.87 1.29% 8,715,915 NYSE: No mentions found.
MRK $35.43 -0.51 1.42% 22,865,616 NYSE: No mentions found.
MSFT $23.31 -1 4.11% 119,885,791 NASDAQ-GS: WSJ pB6 "Seoul Relaxes Browser Curbs" by Evan Ramstad says S. Korea's gov is wiping out rules for Web browsing that trapped the nation's Internet users with 90's era security tech and created a de facto monopoly for Microsoft's Internet Explorer.
Pfizer PFE $14.28 -0.26 1.79% 64,892,612 NYSE: WSJ pB7 "US Sup. Ct. Rejects Pfizer's Appeal Over Drug Test in Nigeria" by Brent Kendall says lawsuits are allowed to continue that allege that Pfizer illeally tested an antibiotic drug on Nigerian kids in '96.
Procter & Gamble PG $60.32 -0.30 0.49% 17,815,208 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
MMM $78.49 -0.49 0.62% 8,546,153 NYSE: No mentions found.
Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE: No mentions found.
United Tech UTX $64.97 -2.14 3.19% 7,028,682 NYSE: No mentions found.
Verizon VZ $28.62 -0.09 0.31% 46,105,421 Dual Listed: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
WSJ pB7 'Shortages of Evo 4G" by Roger cheng says HTC Crop. which makes the Evo 4G smartphone and Verizon Wireless's Droid Incredible has encountered supply issues.
Walmart WMT $48.9 -0.67 1.35% 20,354,663 NYSE: WSJ pB1 "Walmart Installs Stores Chief" by Miguel Bustillo, NYT pB3 "Walmart names new Chief for Lagging US Ops" by Stephanie Clifford say WalMart put a new exec, Bill Simon ex coo for US stores, in charge of its slumping US stores div following 4 straight quarters of sluggish sales growth. He succeeds Eduardo Castro-Wright who had overseen American WalMart stores for the past 5 years.
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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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
Wednesday, June 30, 2010
6/30/10 Wed am Verizon to Sell iPohne in Jan
www.DowJonesMonitor.com
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Post No. 509. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
A read of Wednesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 Tuesday's stock prices and related data.
Dow: The Dow Jones Industrial Average closed Tuesday at 9,870.3 down 268.22 or 2.65% from Monday's close of 10,138.52. For the year the Dow is down 5.35%. Of the 30 Dow Companies: none gained and all 30 declined. The biggest decliner dollar-wise was NYSE and percentage-wise was Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC1 "Fear Returns for Quarter's Final Act" by Mark Gongloff says the 2nd quarter's biggest worries took an unwelcome curtain call on Tues., hitting global markets. The trifecta fo trouble - European debt woes, China's slowing growth & the stagnating US recovery - conspired to put the quarter on the cusp of being the worst for US stocks in more than a year. All 3 concerns flared anew as the dow fell 268.22 to slide under 10000, putting it n pace for the first quarterly decline since the bull market began.
NYT pB1 "Wall St. Tallies new Losses With a Bear market in Mind" by Christine Hauser says that fears that the global economy will worsen gripped the fin'l markets Tues. Downbeat economic news that investors might have shrugged off in calmer times sent the broad stock market tumbling to its lowest level this year.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
USA Today p4B "Markets hit hard: Dow under 10000" by AP says stocks and interest raes tumbled Tues after signs of slowing economies from China to the US spooked traders who were already uneasy about global recovery.
As of the open of the market Wednesday, 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 14.35 down from Tuesday's 14.74 (year ago it was 12.30) the P/E estimate is 12.60 unchanged from Tuesday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.81 up from Tuesday's 2.73 (it was 3.42 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 1,306.03 down 35.49 from Monday's closing numerator of 1,341.52. 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 35.49 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of268.22. 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 $43.53 down 1.19 from Monday's Dow Jones Industrial Average average closing price of $44.72. The median closing price of Tuesday's Dow Jones Industrial Average was $38.57 down $1.75 from Monday's median price of $40.32. The lowest volume was Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE and the highest volume again was Bank of America BAC $14.57 -0.67 4.4% 202,000,694 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 $3,562 ($ 134,152 - $130,590).
MarketWatch 6/29/10 Tues. 4:47 pm by Kate Gibson says U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
The Dow Jones Industrial Average (DJIA 9,870, -268.22, -2.65%) fell 268 points, or 2.7%, to end at 9,870.30, its lowest close since early November. Shares of Alcoa Inc. (AA 10.36, +0.02, +0.19%) and Boeing Co. (BA 63.08, +0.04, +0.06%) weighed particularly on blue chips, with both falling more than 6%. The S&P 500 Index (SPX 1,041, -33.33, -3.10%) lost 33.33 points, or 3.1%, to 1,041.24, its lowest level since late October. The broad index was weighed down by a 3.9% drop in both its industrials and financials sectors. The tech-heavy Nasdaq Composite Index (COMP 2,135, -85.47, -3.85%) was the hardest hit of the three major averages, slumping 85.47 points, or 3.9%, to 2,135.18. Industrial companies and natural-resource firms were among the hardest hit after the Conference Board revised downward its leading economic index for China. Read about outlook cut for China. Shares of Titanium Metals Corp. (TIE 17.77, -0.05, -0.29%) and AK Steel Holding Corp. (AKS 12.06, -0.01, -0.08%) were both off 8.2%. Treasurys rally sharply, with the 10-year yield falling below 3%, while stocks and commodities fall as investors grow more nervous about global growth. Worries about the recovery in China, weakness in Japan and the looming expiry of a key ECB bank-lending program are all fueling jitters ahead of the end of the quarter. For every stock that rose, more than 14 were on the decline on the New York Stock Exchange, where 1.6 billion shares traded. Already down sharply, the major indexes fell further after the Conference Board's confidence index dropped to 52.9 in June from a revised 62.7 the month before. Read more about consumer confidence. Earlier, the S&P/Case-Shiller index showed home prices in 20 U.S. cities rising in April, with the jump mostly attributed to a tax credit. The downbeat sentiment had investors flocking to government debt, with yields on the 2-year Treasury note falling to record lows.Europe's common currency also fell, with labor strikes in Greece and Spain illustrating discontent with the continent's austerity measures.
AT&T T $24.46 -0.49 1.96% 52,856,250 NYSE: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
Alcoa AA $10.34- 0.69 6.26% 32,384,349 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
American Exp. AXP $40.09 -2.02 4.8% 12,258,480 NYSE: No mentions found.
Bank of America BAC $14.57 -0.67 4.4% 202,000,694 NYSE: WSJ pC3 "BofA Vets lead group Investing i Fla. bank" by Dan Fitzpatrick says an investor group stacked with former Bank of America execs invested $175 mil in TIB Fin'l corp., a Naples, Fla, bank int he latest example of industry vets looking to pour money into sick US banks.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Caterpillar CAT $60.85 -3.55 5.51% 13,064,257 NYSE: Fin Times p16 "Caterpillar expands in emerging markets" by Hal Weitzman says Caterpillar, the world's biggest maker of earthmoving equipment signalled a big increasein production in emerging markets as it plans to build plants in Cina and Brazil and will relocate senior execs to Asia.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Chevron CVX $68.36 -1.60 2.29% 16,422,424 NYSE: No mentions found.
CSCO $21.62 -0.80 3.57% 68,955,137 NASDAQ-GS: WSJ pB6 "Cisco Plans a Tablet PC Targeted at Businesses" by Don Clark says Cisco will sell a tablet style computer called Cius, targeting biz custoemrs rather than the consumers that have been flocking to producgts such as Apple's hit iPad.
Coke KO $50.33 -0.75 1.47% 11,752,643 NYSE: No mentions found.
Disney DIS $32.3 -0.92 2.77% 15,878,308 NYSE: "WSJ pB1 "Hulu Invites Viewers to Pay for Moe, and Portable, TV" by Sam Schechner, NYT pB4 "Hulu Offers a $9.99 Subscription to Full Seasons of Current TV Shows," say HULU, owned by GE's NBC Universal, News Corp. and Disney will sell a paid subscription service for tvs shows on computers, mobile devices and tvs, creating a battle with cable tv operators.
DuPont DD $35.24 -0.99 2.73% 7,300,556 NYSE: No mentions found.
Exxon XOM $57.29 -1.18 2.02% 52,536,867 NYSE: No mentions found.
GE $14.48 -0.52 3.47% 114,918,460 NYSE: WSJ pB3 "Appeals Ct. Rejects GE's Superfund Claim" by Brend Kendall says a fed appeals ct rejected GM's challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Hewlett-Packard HPQ $44.3 -1.77 3.84% 22,156,077 NYSE: No mentions found.
Home Depot HD $28.63 -0.96 3.24% 22,822,698 NYSE: No mentions found.
Intel INTC $19.79 -0.57 2.8% 79,182,700 NASDAQ-GS: No mentions found.
IBM $125.09 -3.89 3.02% 9,378,799 NYSE: No mentions found.
JPMorgan JPM $37.06 -1.48 3.84% 56,696,705 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Johnson & John JNJ $59.24 -0.21 0.35% 20,239,927 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
KFT $28.44 -0.50 1.73% 12,794,585 NYSE: No mentions found.
McDonalds MCD $66.46 -0.87 1.29% 8,715,915 NYSE: No mentions found.
MRK $35.43 -0.51 1.42% 22,865,616 NYSE: No mentions found.
MSFT $23.31 -1 4.11% 119,885,791 NASDAQ-GS: WSJ pB6 "Seoul Relaxes Browser Curbs" by Evan Ramstad says S. Korea's gov is wiping out rules for Web browsing that trapped the nation's Internet users with 90's era security tech and created a de facto monopoly for Microsoft's Internet Explorer.
Pfizer PFE $14.28 -0.26 1.79% 64,892,612 NYSE: WSJ pB7 "US Sup. Ct. Rejects Pfizer's Appeal Over Drug Test in Nigeria" by Brent Kendall says lawsuits are allowed to continue that allege that Pfizer illeally tested an antibiotic drug on Nigerian kids in '96.
Procter & Gamble PG $60.32 -0.30 0.49% 17,815,208 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
MMM $78.49 -0.49 0.62% 8,546,153 NYSE: No mentions found.
Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE: No mentions found.
United Tech UTX $64.97 -2.14 3.19% 7,028,682 NYSE: No mentions found.
Verizon VZ $28.62 -0.09 0.31% 46,105,421 Dual Listed: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
WSJ pB7 'Shortages of Evo 4G" by Roger cheng says HTC Crop. which makes the Evo 4G smartphone and Verizon Wireless's Droid Incredible has encountered supply issues.
Walmart WMT $48.9 -0.67 1.35% 20,354,663 NYSE: WSJ pB1 "Walmart Installs Stores Chief" by Miguel Bustillo, NYT pB3 "Walmart names new Chief for Lagging US Ops" by Stephanie Clifford say WalMart put a new exec, Bill Simon ex coo for US stores, in charge of its slumping US stores div following 4 straight quarters of sluggish sales growth. He succeeds Eduardo Castro-Wright who had overseen American WalMart stores for the past 5 years.
***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 509. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
A read of Wednesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 Tuesday's stock prices and related data.
Dow: The Dow Jones Industrial Average closed Tuesday at 9,870.3 down 268.22 or 2.65% from Monday's close of 10,138.52. For the year the Dow is down 5.35%. Of the 30 Dow Companies: none gained and all 30 declined. The biggest decliner dollar-wise was NYSE and percentage-wise was Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC1 "Fear Returns for Quarter's Final Act" by Mark Gongloff says the 2nd quarter's biggest worries took an unwelcome curtain call on Tues., hitting global markets. The trifecta fo trouble - European debt woes, China's slowing growth & the stagnating US recovery - conspired to put the quarter on the cusp of being the worst for US stocks in more than a year. All 3 concerns flared anew as the dow fell 268.22 to slide under 10000, putting it n pace for the first quarterly decline since the bull market began.
NYT pB1 "Wall St. Tallies new Losses With a Bear market in Mind" by Christine Hauser says that fears that the global economy will worsen gripped the fin'l markets Tues. Downbeat economic news that investors might have shrugged off in calmer times sent the broad stock market tumbling to its lowest level this year.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
USA Today p4B "Markets hit hard: Dow under 10000" by AP says stocks and interest raes tumbled Tues after signs of slowing economies from China to the US spooked traders who were already uneasy about global recovery.
As of the open of the market Wednesday, 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 14.35 down from Tuesday's 14.74 (year ago it was 12.30) the P/E estimate is 12.60 unchanged from Tuesday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.81 up from Tuesday's 2.73 (it was 3.42 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 1,306.03 down 35.49 from Monday's closing numerator of 1,341.52. 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 35.49 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of268.22. 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 $43.53 down 1.19 from Monday's Dow Jones Industrial Average average closing price of $44.72. The median closing price of Tuesday's Dow Jones Industrial Average was $38.57 down $1.75 from Monday's median price of $40.32. The lowest volume was Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE and the highest volume again was Bank of America BAC $14.57 -0.67 4.4% 202,000,694 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 $3,562 ($ 134,152 - $130,590).
MarketWatch 6/29/10 Tues. 4:47 pm by Kate Gibson says U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
The Dow Jones Industrial Average (DJIA 9,870, -268.22, -2.65%) fell 268 points, or 2.7%, to end at 9,870.30, its lowest close since early November. Shares of Alcoa Inc. (AA 10.36, +0.02, +0.19%) and Boeing Co. (BA 63.08, +0.04, +0.06%) weighed particularly on blue chips, with both falling more than 6%. The S&P 500 Index (SPX 1,041, -33.33, -3.10%) lost 33.33 points, or 3.1%, to 1,041.24, its lowest level since late October. The broad index was weighed down by a 3.9% drop in both its industrials and financials sectors. The tech-heavy Nasdaq Composite Index (COMP 2,135, -85.47, -3.85%) was the hardest hit of the three major averages, slumping 85.47 points, or 3.9%, to 2,135.18. Industrial companies and natural-resource firms were among the hardest hit after the Conference Board revised downward its leading economic index for China. Read about outlook cut for China. Shares of Titanium Metals Corp. (TIE 17.77, -0.05, -0.29%) and AK Steel Holding Corp. (AKS 12.06, -0.01, -0.08%) were both off 8.2%. Treasurys rally sharply, with the 10-year yield falling below 3%, while stocks and commodities fall as investors grow more nervous about global growth. Worries about the recovery in China, weakness in Japan and the looming expiry of a key ECB bank-lending program are all fueling jitters ahead of the end of the quarter. For every stock that rose, more than 14 were on the decline on the New York Stock Exchange, where 1.6 billion shares traded. Already down sharply, the major indexes fell further after the Conference Board's confidence index dropped to 52.9 in June from a revised 62.7 the month before. Read more about consumer confidence. Earlier, the S&P/Case-Shiller index showed home prices in 20 U.S. cities rising in April, with the jump mostly attributed to a tax credit. The downbeat sentiment had investors flocking to government debt, with yields on the 2-year Treasury note falling to record lows.Europe's common currency also fell, with labor strikes in Greece and Spain illustrating discontent with the continent's austerity measures.
AT&T T $24.46 -0.49 1.96% 52,856,250 NYSE: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
Alcoa AA $10.34- 0.69 6.26% 32,384,349 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
American Exp. AXP $40.09 -2.02 4.8% 12,258,480 NYSE: No mentions found.
Bank of America BAC $14.57 -0.67 4.4% 202,000,694 NYSE: WSJ pC3 "BofA Vets lead group Investing i Fla. bank" by Dan Fitzpatrick says an investor group stacked with former Bank of America execs invested $175 mil in TIB Fin'l corp., a Naples, Fla, bank int he latest example of industry vets looking to pour money into sick US banks.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE: WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Caterpillar CAT $60.85 -3.55 5.51% 13,064,257 NYSE: Fin Times p16 "Caterpillar expands in emerging markets" by Hal Weitzman says Caterpillar, the world's biggest maker of earthmoving equipment signalled a big increasein production in emerging markets as it plans to build plants in Cina and Brazil and will relocate senior execs to Asia.
Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Chevron CVX $68.36 -1.60 2.29% 16,422,424 NYSE: No mentions found.
CSCO $21.62 -0.80 3.57% 68,955,137 NASDAQ-GS: WSJ pB6 "Cisco Plans a Tablet PC Targeted at Businesses" by Don Clark says Cisco will sell a tablet style computer called Cius, targeting biz custoemrs rather than the consumers that have been flocking to producgts such as Apple's hit iPad.
Coke KO $50.33 -0.75 1.47% 11,752,643 NYSE: No mentions found.
Disney DIS $32.3 -0.92 2.77% 15,878,308 NYSE: "WSJ pB1 "Hulu Invites Viewers to Pay for Moe, and Portable, TV" by Sam Schechner, NYT pB4 "Hulu Offers a $9.99 Subscription to Full Seasons of Current TV Shows," say HULU, owned by GE's NBC Universal, News Corp. and Disney will sell a paid subscription service for tvs shows on computers, mobile devices and tvs, creating a battle with cable tv operators.
DuPont DD $35.24 -0.99 2.73% 7,300,556 NYSE: No mentions found.
Exxon XOM $57.29 -1.18 2.02% 52,536,867 NYSE: No mentions found.
GE $14.48 -0.52 3.47% 114,918,460 NYSE: WSJ pB3 "Appeals Ct. Rejects GE's Superfund Claim" by Brend Kendall says a fed appeals ct rejected GM's challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
WSJ pC5 "Boeing, Alcoa, GE Stumble" by Donna Yesalavich says stocks tumbled as concerns about global growth sent investors away from firms such as Boeing, Alcoa and Caterpillar, and toward the safety of the dollar and Treasury's. Boeing is charted under Bad News as the future of a jetliner order from Dubai Aerospace Enterprise appears uncertain. GE declined 3.5% as a fed appeals ct rejected its challenge to part of the fed Superfund law that gives the EPA the power to order firms to order clean up of sites tainted with waste.
Hewlett-Packard HPQ $44.3 -1.77 3.84% 22,156,077 NYSE: No mentions found.
Home Depot HD $28.63 -0.96 3.24% 22,822,698 NYSE: No mentions found.
Intel INTC $19.79 -0.57 2.8% 79,182,700 NASDAQ-GS: No mentions found.
IBM $125.09 -3.89 3.02% 9,378,799 NYSE: No mentions found.
JPMorgan JPM $37.06 -1.48 3.84% 56,696,705 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
Johnson & John JNJ $59.24 -0.21 0.35% 20,239,927 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
KFT $28.44 -0.50 1.73% 12,794,585 NYSE: No mentions found.
McDonalds MCD $66.46 -0.87 1.29% 8,715,915 NYSE: No mentions found.
MRK $35.43 -0.51 1.42% 22,865,616 NYSE: No mentions found.
MSFT $23.31 -1 4.11% 119,885,791 NASDAQ-GS: WSJ pB6 "Seoul Relaxes Browser Curbs" by Evan Ramstad says S. Korea's gov is wiping out rules for Web browsing that trapped the nation's Internet users with 90's era security tech and created a de facto monopoly for Microsoft's Internet Explorer.
Pfizer PFE $14.28 -0.26 1.79% 64,892,612 NYSE: WSJ pB7 "US Sup. Ct. Rejects Pfizer's Appeal Over Drug Test in Nigeria" by Brent Kendall says lawsuits are allowed to continue that allege that Pfizer illeally tested an antibiotic drug on Nigerian kids in '96.
Procter & Gamble PG $60.32 -0.30 0.49% 17,815,208 NYSE: Fin Times p24 "Drop in consmer confidence pushes S&P to 2010 nadir" by Masa Serdarevic says US stocks dropped sharply yesterday as the already jittery market was unnerved further by a downward revision ito an economic index fro China and falling US consumer confidence figures. Caterpillar slid 5.5% as it said it would buy out one of its partners in a Chinese jv. Bank of America fell 4.4% and JPMorgan fell 3.8% following a report by Moody's arguing that the 3 largest US debit card issues may lose a combined $1.38 bil in annual rev from the proposed cap on interchange fees being considered by Congress. Consumer staples stocks, typically seen as a defensive sector, were among the session's best performers in a falling market. The group was led by Procter & Gamble which fell 0.5%. Johnson & Johnson lost 0.4%.
MMM $78.49 -0.49 0.62% 8,546,153 NYSE: No mentions found.
Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE: No mentions found.
United Tech UTX $64.97 -2.14 3.19% 7,028,682 NYSE: No mentions found.
Verizon VZ $28.62 -0.09 0.31% 46,105,421 Dual Listed: USA Today p3B "Verizon iPHone set to arive in Jan" by Bloomberg says Verizon Wireless will start selling Apple's iPhone next year, ending AT&T's exclusive on the phone.
WSJ pB7 'Shortages of Evo 4G" by Roger cheng says HTC Crop. which makes the Evo 4G smartphone and Verizon Wireless's Droid Incredible has encountered supply issues.
Walmart WMT $48.9 -0.67 1.35% 20,354,663 NYSE: WSJ pB1 "Walmart Installs Stores Chief" by Miguel Bustillo, NYT pB3 "Walmart names new Chief for Lagging US Ops" by Stephanie Clifford say WalMart put a new exec, Bill Simon ex coo for US stores, in charge of its slumping US stores div following 4 straight quarters of sluggish sales growth. He succeeds Eduardo Castro-Wright who had overseen American WalMart stores for the past 5 years.
***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
Tuesday, June 29, 2010
6/29/10 Tues. pm Dow Closes 9,870.3 down 268.22 or 2.65%
www.DowJonesMonitor.com
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Post No. 508. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
The Dow Jones Industrial Average closed Tuesday at 9,870.3 down 268.22 or 2.65% from Monday's close of 10,138.52. Of the 30 Dow Companies: none gained and all 30 declined. The biggest decliner dollar-wise was NYSE and percentage-wise was Boeing BA $63.04 -4.26 6.33% 9,212,875 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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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 1,306.03 down 35.49 from Monday's closing numerator of 1,341.52. 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 35.49 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of268.22. 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 $43.53 down 1.19 from Monday's Dow Jones Industrial Average average closing price of $44.72. The median closing price of Tuesday's Dow Jones Industrial Average was $38.57 down $1.75 from Monday's median price of $40.32. The lowest volume was Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE and the highest volume again was Bank of America BAC $14.57 -0.67 4.4% 202,000,694 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 $3,562 ($ 134,152 - $130,590).
MarketWatch 6/29/10 Tues. 4:47 pm by Kate Gibson says U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
The Dow Jones Industrial Average (DJIA 9,870, -268.22, -2.65%) fell 268 points, or 2.7%, to end at 9,870.30, its lowest close since early November. Shares of Alcoa Inc. (AA 10.36, +0.02, +0.19%) and Boeing Co. (BA 63.08, +0.04, +0.06%) weighed particularly on blue chips, with both falling more than 6%. The S&P 500 Index (SPX 1,041, -33.33, -3.10%) lost 33.33 points, or 3.1%, to 1,041.24, its lowest level since late October. The broad index was weighed down by a 3.9% drop in both its industrials and financials sectors. The tech-heavy Nasdaq Composite Index (COMP 2,135, -85.47, -3.85%) was the hardest hit of the three major averages, slumping 85.47 points, or 3.9%, to 2,135.18. Industrial companies and natural-resource firms were among the hardest hit after the Conference Board revised downward its leading economic index for China. Read about outlook cut for China. Shares of Titanium Metals Corp. (TIE 17.77, -0.05, -0.29%) and AK Steel Holding Corp. (AKS 12.06, -0.01, -0.08%) were both off 8.2%. Treasurys rally sharply, with the 10-year yield falling below 3%, while stocks and commodities fall as investors grow more nervous about global growth. Worries about the recovery in China, weakness in Japan and the looming expiry of a key ECB bank-lending program are all fueling jitters ahead of the end of the quarter. For every stock that rose, more than 14 were on the decline on the New York Stock Exchange, where 1.6 billion shares traded. Already down sharply, the major indexes fell further after the Conference Board's confidence index dropped to 52.9 in June from a revised 62.7 the month before. Read more about consumer confidence. Earlier, the S&P/Case-Shiller index showed home prices in 20 U.S. cities rising in April, with the jump mostly attributed to a tax credit. The downbeat sentiment had investors flocking to government debt, with yields on the 2-year Treasury note falling to record lows.Europe's common currency also fell, with labor strikes in Greece and Spain illustrating discontent with the continent's austerity measures.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $24.46 -0.49 1.96% 52,856,250 NYSE
Alcoa AA $10.34- 0.69 6.26% 32,384,349 NYSE
American Exp. AXP $40.09 -2.02 4.8% 12,258,480 NYSE
Bank of America BAC $14.57 -0.67 4.4% 202,000,694 NYSE
Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE
Caterpillar CAT $60.85 -3.55 5.51% 13,064,257 NYSE
Chevron CVX $68.36 -1.60 2.29% 16,422,424 NYSE
CSCO $21.62 -0.80 3.57% 68,955,137 NASDAQ-GS
Coke KO $50.33 -0.75 1.47% 11,752,643 NYSE
Disney DIS $32.3 -0.92 2.77% 15,878,308 NYSE
DuPont DD $35.24 -0.99 2.73% 7,300,556 NYSE
Exxon XOM $57.29 -1.18 2.02% 52,536,867 NYSE
GE $14.48 -0.52 3.47% 114,918,460 NYSE
Hewlett-Packard HPQ $44.3 -1.77 3.84% 22,156,077 NYSE
Home Depot HD $28.63 -0.96 3.24% 22,822,698 NYSE
Intel INTC $19.79 -0.57 2.8% 79,182,700 NASDAQ-GS
IBM $125.09 -3.89 3.02% 9,378,799 NYSE
JPMorgan JPM $37.06 -1.48 3.84% 56,696,705 NYSE
Johnson & John JNJ $59.24 -0.21 0.35% 20,239,927 NYSE
KFT $28.44 -0.50 1.73% 12,794,585 NYSE
McDonalds MCD $66.46 -0.87 1.29% 8,715,915 NYSE
MRK $35.43 -0.51 1.42% 22,865,616 NYSE
MSFT $23.31 -1 4.11% 119,885,791 NASDAQ-GS
Pfizer PFE $14.28 -0.26 1.79% 64,892,612 NYSE
Procter & Gamble PG $60.32 -0.30 0.49% 17,815,208 NYSE
MMM $78.49 -0.49 0.62% 8,546,153 NYSE
Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE
United Tech UTX $64.97 -2.14 3.19% 7,028,682 NYSE
Verizon VZ $28.62 -0.09 0.31% 46,105,421 Dual Listed
Walmart WMT $48.9 -0.67 1.35% 20,354,663 NYSE
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The following are excerpts from Tues. morning's Blog.
A read of Tuesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 10,138.52 down $5.29 or 0.05% from Friday's close of 10,143.81. For the year the Dow is down 2.14%. Of the 30 Dow Companies: 13 gained and 17 declined. The biggest gainer dollar-wise was IBM $128.98 +1.86 1.46% 6,156,776 NYSE and percentage-wise were Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE and Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS. The biggest decliner dollar-wise was Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE and percentage-wise was JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
WSJ pC1 "Yields Falling as Fears Rise Over Outlook" by Peter McKay says treasurys of all stripes ended Mon within reach of big milestones as fears about the fragile state of the global economy kept investors buying US gov debt. The yield on the 10 year Treasury note was at 3.023% and may go below 3% for the first time since April '09 while the 30 yr Treasury has a yield of 4.01% and could dip below 4%.
NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
Fin Times p22 "Altria bolstered by court snub to anti-tobacco appeal" by Masa Serdarevic says US stocks traded in a tight range Mon, closing slightly lower on the day, as investors digested the details of Fri's bank reform bill as well as the results of the weekend's G20 meeting.
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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.
Monday's Dow Jones Industrial Average closing numerator was 1,341.52 down 0.70 from Friday's closing numerator of 1,342.22. 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 0.70 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 0.29. 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 $44.72 down 0.06 from Friday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Monday's Dow Jones Industrial Average was $40.32 up $2.04 from Friday's median price of $41.06. The lowest volume was 3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE and the highest volume again was Bank of America BAC $15.24 -0.18 1.17% 109,437,492 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 $70 ($ 134,222 - $134,152).
MarketWatch 6/28/10 Mon. 4:50 pm by Peter McKay, Donna Yesalavich, Kristin Peterson says a late-day slump left major stock indexes slightly lower at Monday's close as traders fretted that the Group of 20's pledge to cut deficits could crimp global growth -- a key focus for investors over the past few weeks. Several business-friendly decisions by the U.S. Supreme Court helped to lift traders' sentiment somewhat, keeping the day's selling in check. But investors' newfound caution ultimately carried the day, as stocks fell into the red and bond prices rallied, pushing the yield on the 10-year Treasury note (UST10Y 3.02, -0.09, -2.80%) to 3.032%, the lowest level since April 2009. The Dow Jones Industrial Average (DJIA 10,139, -5.29, -0.05%) shed more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10,138.52. The Nasdaq Composite Index (COMP 2,221, -2.83, -0.13%) fell 0.1% to 2,221. The S&P 500 Index (SPX 1,075, -2.19, -0.20%) fell 0.2% to 1,075. The telecom sector was a bright spot, up 1% after President Barack Obama signed a memorandum to nearly double the amount of federal and commercial spectrum available for smart phones and wireless Internet devices. Sprint Nextel Corp. (S 4.47, +0.01, +0.22%) jumped 6.2%, while MetroPCS Communications Inc. (PCS 8.41, -0.08, -0.94%) added 0.8% and AT&T Inc. (T 25.00, +0.05, +0.20%) rose 0.7%. Consumer-staples stocks rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American (RAI 53.59, +0.14, +0.26%) jumped 4.1%, Altria Group (MO 20.43, +0.09, +0.45%) rose 3.3% and Lorillard (LO 71.83, -1.71, -2.33%) climbed 2.5%. Also providing a boost, a divided Supreme Court struck down some provisions that created a private regulatory body to inspect and discipline public-company accountants. Still, the relatively narrow ruling leaves intact most of the Sarbanes-Oxley Act, passed in 2002 to combat corporate-accounting scandals. Meanwhile, investors grew concerned that a pledge by G-20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus are over. The move comes as investors have gotten worried that the pace of the economic recovery may be slowing, exacerbated by debt issues in Europe and China's efforts to put the brakes on its growth. Those concerns helped lift safety assets. The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. dollar index (DXY 85.70, +0.39, +0.45%) , which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasurys climbed, with the 10-year note (UST10Y 3.02, -0.09, -2.80%) up, pushing its yield down to 3.032%, the lowest level in more than a year.
Gold futures also rose. Meanwhile, crude-oil futures slipped. Among stocks in focus, Aflac climbed 2.7%. The insurer said it will post an $80 million gain but will also take a $67 million charge in the current quarter on deals involving so-called perpetual securities and the sale of all its Greek sovereign debt.
AT&T T $24.95 +0.16 0.65% 21,408,840 NYSE: USA p1B "AT&T boosts wireless service in NYC" says it completed a project to improve service in NYC, where the proliferation of iPhones has caused dropped calls.
WSJ pB6 "Hacker Worries Persist" by Spencer Ante discusses the hackers who found private info about iPad users through a security hole in AT&T's website earlier this month.
WSJ pC10 "The Curious Case of iPhone 4" by Martin Peers says people are buying it despite an antenna design problem that forces them to hold the phone in a certain way. Now people can't blame AT&T for bad reception.
Alcoa AA $11.03 -0.20 1.78% 18,882,697 NYSE:
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Amex AXP $42.11 -0.56 1.31% 8,421,843 NYSE: No mentions found.
Bank of America BAC $15.24 -0.18 1.17% 109,437,492 NYSE: No mentions found.
Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Caterpillar CAT $64.4 -0.31 0.48% 6,588,130 NYSE: No mentions found.
Chevron CVX $69.96 -0.10 0.14% 10,442,193 NYSE: No mentions found.
CSCO $22.42 +0.2375 1.07% 42,968,408 NASDAQ-GS: No mentions found.
Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE: WSJ pB1 "Coke Hopes to Score with World Cup Campaign" by Valerie Bauerlein says Coke has spent $600 mil to advertise the Wrold Cup in 160 nations.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Disney DIS $33.22 -0.26 0.78% 7,677,750 NYSE: No mentions found.
DuPont DD $36.23 -0.43 1.17% 5,184,014 NYSE: No mentions found.
Exxon XOM $58.47 -0.63 1.07% 40,318,942 NYSE: No mentions found.
GE $15 0.09 +0.6% 58,497,151 NYSE: No mentions found.
Hewlett-Packard HPQ $46.07 +0.15 0.33% 12,863,824 NYSE: No mentions found.
Home Depot HD $29.59 -0.61 2.02% 15,306,548 NYSE: No mentions found.
Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
IBM $128.98 +1.86 1.46% 6,156,776 NYSE: NYT pb1 "Broad View of Patents on Methods" by John Schwart says the Supreme Court has broadened the possibility of getting patents for business methods and the article widely quotes IBM chief patent counsel Manny Schecter.
JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Johnson & Johnson JNJ $59.45 +0.75 1.28% 15,207,369 NYSE: No mentions found.
Kraft KFT $28.94 -0.3925 1.34% 12,172,802 NYSE: WSJ pB4 "Kraft Sells Polish Brand of Chocolate to Lotte" says it is selling Cadbury's E. Wedel chocolate operations in Poland to Tokyo based conglomerate Lotte group.
McDonalds MCD $67.33 -0.09 0.13% 4,366,418 NYSE: No mentions found.
Merck MRK $35.94 +0.01 0.03% 13,429,487 NYSE: WSJ pB3 "Avandia Studies Cite heart Risk" by Alicia Mundy says a study by FDA scientist David Graham says the diabetes drug Avandia is unsafe. It is made by GlaxoSmithKline. Graham was an early critic of Vioxx, the Merck painkiller that was pulled from the market in '04.
MSFT $24.31 -0.2225 0.91% 73,213,300 NASDAQ-GS: No mentions found.
Pfizer PFE $14.54 -0.10 0.68% 42,181,115 NYSE: No mentions found.
Procter & Gamble PG $60.62 +0.83 1.39% 14,016,396 NYSE: NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE: No mentions found.
Travelers TRV $51.07 -0.05 0.1% 3,185,863 NYSE: No mentions found.
United Tech UTX $67.11 -0.75 1.11% 3,280,362 NYSE: No mentions found.
Verizon VZ $28.71 +0.16 0.56% 13,034,340 Dual Listed: No mentions found.
WalMart WMT $49.57 +0.77 1.58% 14,576,725 NYSE: AJC pA10 "WalMart to Cut Back Prices" says a JPMorgan analysts say WalMart has a plan to roll back prices seasonally, e.g. chocolate around Halloween and to discount soft drinks.
***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 508. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
The Dow Jones Industrial Average closed Tuesday at 9,870.3 down 268.22 or 2.65% from Monday's close of 10,138.52. Of the 30 Dow Companies: none gained and all 30 declined. The biggest decliner dollar-wise was NYSE and percentage-wise was Boeing BA $63.04 -4.26 6.33% 9,212,875 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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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 1,306.03 down 35.49 from Monday's closing numerator of 1,341.52. 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 35.49 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of268.22. 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 $43.53 down 1.19 from Monday's Dow Jones Industrial Average average closing price of $44.72. The median closing price of Tuesday's Dow Jones Industrial Average was $38.57 down $1.75 from Monday's median price of $40.32. The lowest volume was Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE and the highest volume again was Bank of America BAC $14.57 -0.67 4.4% 202,000,694 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 $3,562 ($ 134,152 - $130,590).
MarketWatch 6/29/10 Tues. 4:47 pm by Kate Gibson says U.S. stocks fell sharply to finish at their lowest level of the year Tuesday after a drop in consumer confidence here and in leading indicators in China dimmed hopes of a global economic recovery.
The Dow Jones Industrial Average (DJIA 9,870, -268.22, -2.65%) fell 268 points, or 2.7%, to end at 9,870.30, its lowest close since early November. Shares of Alcoa Inc. (AA 10.36, +0.02, +0.19%) and Boeing Co. (BA 63.08, +0.04, +0.06%) weighed particularly on blue chips, with both falling more than 6%. The S&P 500 Index (SPX 1,041, -33.33, -3.10%) lost 33.33 points, or 3.1%, to 1,041.24, its lowest level since late October. The broad index was weighed down by a 3.9% drop in both its industrials and financials sectors. The tech-heavy Nasdaq Composite Index (COMP 2,135, -85.47, -3.85%) was the hardest hit of the three major averages, slumping 85.47 points, or 3.9%, to 2,135.18. Industrial companies and natural-resource firms were among the hardest hit after the Conference Board revised downward its leading economic index for China. Read about outlook cut for China. Shares of Titanium Metals Corp. (TIE 17.77, -0.05, -0.29%) and AK Steel Holding Corp. (AKS 12.06, -0.01, -0.08%) were both off 8.2%. Treasurys rally sharply, with the 10-year yield falling below 3%, while stocks and commodities fall as investors grow more nervous about global growth. Worries about the recovery in China, weakness in Japan and the looming expiry of a key ECB bank-lending program are all fueling jitters ahead of the end of the quarter. For every stock that rose, more than 14 were on the decline on the New York Stock Exchange, where 1.6 billion shares traded. Already down sharply, the major indexes fell further after the Conference Board's confidence index dropped to 52.9 in June from a revised 62.7 the month before. Read more about consumer confidence. Earlier, the S&P/Case-Shiller index showed home prices in 20 U.S. cities rising in April, with the jump mostly attributed to a tax credit. The downbeat sentiment had investors flocking to government debt, with yields on the 2-year Treasury note falling to record lows.Europe's common currency also fell, with labor strikes in Greece and Spain illustrating discontent with the continent's austerity measures.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $24.46 -0.49 1.96% 52,856,250 NYSE
Alcoa AA $10.34- 0.69 6.26% 32,384,349 NYSE
American Exp. AXP $40.09 -2.02 4.8% 12,258,480 NYSE
Bank of America BAC $14.57 -0.67 4.4% 202,000,694 NYSE
Boeing BA $63.04 -4.26 6.33% 9,212,875 NYSE
Caterpillar CAT $60.85 -3.55 5.51% 13,064,257 NYSE
Chevron CVX $68.36 -1.60 2.29% 16,422,424 NYSE
CSCO $21.62 -0.80 3.57% 68,955,137 NASDAQ-GS
Coke KO $50.33 -0.75 1.47% 11,752,643 NYSE
Disney DIS $32.3 -0.92 2.77% 15,878,308 NYSE
DuPont DD $35.24 -0.99 2.73% 7,300,556 NYSE
Exxon XOM $57.29 -1.18 2.02% 52,536,867 NYSE
GE $14.48 -0.52 3.47% 114,918,460 NYSE
Hewlett-Packard HPQ $44.3 -1.77 3.84% 22,156,077 NYSE
Home Depot HD $28.63 -0.96 3.24% 22,822,698 NYSE
Intel INTC $19.79 -0.57 2.8% 79,182,700 NASDAQ-GS
IBM $125.09 -3.89 3.02% 9,378,799 NYSE
JPMorgan JPM $37.06 -1.48 3.84% 56,696,705 NYSE
Johnson & John JNJ $59.24 -0.21 0.35% 20,239,927 NYSE
KFT $28.44 -0.50 1.73% 12,794,585 NYSE
McDonalds MCD $66.46 -0.87 1.29% 8,715,915 NYSE
MRK $35.43 -0.51 1.42% 22,865,616 NYSE
MSFT $23.31 -1 4.11% 119,885,791 NASDAQ-GS
Pfizer PFE $14.28 -0.26 1.79% 64,892,612 NYSE
Procter & Gamble PG $60.32 -0.30 0.49% 17,815,208 NYSE
MMM $78.49 -0.49 0.62% 8,546,153 NYSE
Travelers TRV $49.73 -1.34 2.62% 5,661,692 NYSE
United Tech UTX $64.97 -2.14 3.19% 7,028,682 NYSE
Verizon VZ $28.62 -0.09 0.31% 46,105,421 Dual Listed
Walmart WMT $48.9 -0.67 1.35% 20,354,663 NYSE
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The following are excerpts from Tues. morning's Blog.
A read of Tuesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 10,138.52 down $5.29 or 0.05% from Friday's close of 10,143.81. For the year the Dow is down 2.14%. Of the 30 Dow Companies: 13 gained and 17 declined. The biggest gainer dollar-wise was IBM $128.98 +1.86 1.46% 6,156,776 NYSE and percentage-wise were Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE and Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS. The biggest decliner dollar-wise was Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE and percentage-wise was JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
WSJ pC1 "Yields Falling as Fears Rise Over Outlook" by Peter McKay says treasurys of all stripes ended Mon within reach of big milestones as fears about the fragile state of the global economy kept investors buying US gov debt. The yield on the 10 year Treasury note was at 3.023% and may go below 3% for the first time since April '09 while the 30 yr Treasury has a yield of 4.01% and could dip below 4%.
NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
Fin Times p22 "Altria bolstered by court snub to anti-tobacco appeal" by Masa Serdarevic says US stocks traded in a tight range Mon, closing slightly lower on the day, as investors digested the details of Fri's bank reform bill as well as the results of the weekend's G20 meeting.
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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.
Monday's Dow Jones Industrial Average closing numerator was 1,341.52 down 0.70 from Friday's closing numerator of 1,342.22. 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 0.70 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 0.29. 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 $44.72 down 0.06 from Friday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Monday's Dow Jones Industrial Average was $40.32 up $2.04 from Friday's median price of $41.06. The lowest volume was 3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE and the highest volume again was Bank of America BAC $15.24 -0.18 1.17% 109,437,492 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 $70 ($ 134,222 - $134,152).
MarketWatch 6/28/10 Mon. 4:50 pm by Peter McKay, Donna Yesalavich, Kristin Peterson says a late-day slump left major stock indexes slightly lower at Monday's close as traders fretted that the Group of 20's pledge to cut deficits could crimp global growth -- a key focus for investors over the past few weeks. Several business-friendly decisions by the U.S. Supreme Court helped to lift traders' sentiment somewhat, keeping the day's selling in check. But investors' newfound caution ultimately carried the day, as stocks fell into the red and bond prices rallied, pushing the yield on the 10-year Treasury note (UST10Y 3.02, -0.09, -2.80%) to 3.032%, the lowest level since April 2009. The Dow Jones Industrial Average (DJIA 10,139, -5.29, -0.05%) shed more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10,138.52. The Nasdaq Composite Index (COMP 2,221, -2.83, -0.13%) fell 0.1% to 2,221. The S&P 500 Index (SPX 1,075, -2.19, -0.20%) fell 0.2% to 1,075. The telecom sector was a bright spot, up 1% after President Barack Obama signed a memorandum to nearly double the amount of federal and commercial spectrum available for smart phones and wireless Internet devices. Sprint Nextel Corp. (S 4.47, +0.01, +0.22%) jumped 6.2%, while MetroPCS Communications Inc. (PCS 8.41, -0.08, -0.94%) added 0.8% and AT&T Inc. (T 25.00, +0.05, +0.20%) rose 0.7%. Consumer-staples stocks rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American (RAI 53.59, +0.14, +0.26%) jumped 4.1%, Altria Group (MO 20.43, +0.09, +0.45%) rose 3.3% and Lorillard (LO 71.83, -1.71, -2.33%) climbed 2.5%. Also providing a boost, a divided Supreme Court struck down some provisions that created a private regulatory body to inspect and discipline public-company accountants. Still, the relatively narrow ruling leaves intact most of the Sarbanes-Oxley Act, passed in 2002 to combat corporate-accounting scandals. Meanwhile, investors grew concerned that a pledge by G-20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus are over. The move comes as investors have gotten worried that the pace of the economic recovery may be slowing, exacerbated by debt issues in Europe and China's efforts to put the brakes on its growth. Those concerns helped lift safety assets. The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. dollar index (DXY 85.70, +0.39, +0.45%) , which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasurys climbed, with the 10-year note (UST10Y 3.02, -0.09, -2.80%) up, pushing its yield down to 3.032%, the lowest level in more than a year.
Gold futures also rose. Meanwhile, crude-oil futures slipped. Among stocks in focus, Aflac climbed 2.7%. The insurer said it will post an $80 million gain but will also take a $67 million charge in the current quarter on deals involving so-called perpetual securities and the sale of all its Greek sovereign debt.
AT&T T $24.95 +0.16 0.65% 21,408,840 NYSE: USA p1B "AT&T boosts wireless service in NYC" says it completed a project to improve service in NYC, where the proliferation of iPhones has caused dropped calls.
WSJ pB6 "Hacker Worries Persist" by Spencer Ante discusses the hackers who found private info about iPad users through a security hole in AT&T's website earlier this month.
WSJ pC10 "The Curious Case of iPhone 4" by Martin Peers says people are buying it despite an antenna design problem that forces them to hold the phone in a certain way. Now people can't blame AT&T for bad reception.
Alcoa AA $11.03 -0.20 1.78% 18,882,697 NYSE:
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Amex AXP $42.11 -0.56 1.31% 8,421,843 NYSE: No mentions found.
Bank of America BAC $15.24 -0.18 1.17% 109,437,492 NYSE: No mentions found.
Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Caterpillar CAT $64.4 -0.31 0.48% 6,588,130 NYSE: No mentions found.
Chevron CVX $69.96 -0.10 0.14% 10,442,193 NYSE: No mentions found.
CSCO $22.42 +0.2375 1.07% 42,968,408 NASDAQ-GS: No mentions found.
Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE: WSJ pB1 "Coke Hopes to Score with World Cup Campaign" by Valerie Bauerlein says Coke has spent $600 mil to advertise the Wrold Cup in 160 nations.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Disney DIS $33.22 -0.26 0.78% 7,677,750 NYSE: No mentions found.
DuPont DD $36.23 -0.43 1.17% 5,184,014 NYSE: No mentions found.
Exxon XOM $58.47 -0.63 1.07% 40,318,942 NYSE: No mentions found.
GE $15 0.09 +0.6% 58,497,151 NYSE: No mentions found.
Hewlett-Packard HPQ $46.07 +0.15 0.33% 12,863,824 NYSE: No mentions found.
Home Depot HD $29.59 -0.61 2.02% 15,306,548 NYSE: No mentions found.
Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
IBM $128.98 +1.86 1.46% 6,156,776 NYSE: NYT pb1 "Broad View of Patents on Methods" by John Schwart says the Supreme Court has broadened the possibility of getting patents for business methods and the article widely quotes IBM chief patent counsel Manny Schecter.
JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Johnson & Johnson JNJ $59.45 +0.75 1.28% 15,207,369 NYSE: No mentions found.
Kraft KFT $28.94 -0.3925 1.34% 12,172,802 NYSE: WSJ pB4 "Kraft Sells Polish Brand of Chocolate to Lotte" says it is selling Cadbury's E. Wedel chocolate operations in Poland to Tokyo based conglomerate Lotte group.
McDonalds MCD $67.33 -0.09 0.13% 4,366,418 NYSE: No mentions found.
Merck MRK $35.94 +0.01 0.03% 13,429,487 NYSE: WSJ pB3 "Avandia Studies Cite heart Risk" by Alicia Mundy says a study by FDA scientist David Graham says the diabetes drug Avandia is unsafe. It is made by GlaxoSmithKline. Graham was an early critic of Vioxx, the Merck painkiller that was pulled from the market in '04.
MSFT $24.31 -0.2225 0.91% 73,213,300 NASDAQ-GS: No mentions found.
Pfizer PFE $14.54 -0.10 0.68% 42,181,115 NYSE: No mentions found.
Procter & Gamble PG $60.62 +0.83 1.39% 14,016,396 NYSE: NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE: No mentions found.
Travelers TRV $51.07 -0.05 0.1% 3,185,863 NYSE: No mentions found.
United Tech UTX $67.11 -0.75 1.11% 3,280,362 NYSE: No mentions found.
Verizon VZ $28.71 +0.16 0.56% 13,034,340 Dual Listed: No mentions found.
WalMart WMT $49.57 +0.77 1.58% 14,576,725 NYSE: AJC pA10 "WalMart to Cut Back Prices" says a JPMorgan analysts say WalMart has a plan to roll back prices seasonally, e.g. chocolate around Halloween and to discount soft drinks.
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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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
6/29/10 Tues. am Kfraft Sells Chocolate Group; Alcoa Buys Traco
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Post No. 507. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
A read of Tuesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 10,138.52 down $5.29 or 0.05% from Friday's close of 10,143.81. For the year the Dow is down 2.14%. Of the 30 Dow Companies: 13 gained and 17 declined. The biggest gainer dollar-wise was IBM $128.98 +1.86 1.46% 6,156,776 NYSE and percentage-wise were Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE and Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS. The biggest decliner dollar-wise was Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE and percentage-wise was JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
WSJ pC1 "Yields Falling as Fears Rise Over Outlook" by Peter McKay says treasurys of all stripes ended Mon within reach of big milestones as fears about the fragile state of the global economy kept investors buying US gov debt. The yield on the 10 year Treasury note was at 3.023% and may go below 3% for the first time since April '09 while the 30 yr Treasury has a yield of 4.01% and could dip below 4%.
NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
Fin Times p22 "Altria bolstered by court snub to anti-tobacco appeal" by Masa Serdarevic says US stocks traded in a tight range Mon, closing slightly lower on the day, as investors digested the details of Fri's bank reform bill as well as the results of the weekend's G20 meeting.
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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.
Monday's Dow Jones Industrial Average closing numerator was 1,341.52 down 0.70 from Friday's closing numerator of 1,342.22. 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 0.70 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 0.29. 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 $44.72 down 0.06 from Friday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Monday's Dow Jones Industrial Average was $40.32 up $2.04 from Friday's median price of $41.06. The lowest volume was 3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE and the highest volume again was Bank of America BAC $15.24 -0.18 1.17% 109,437,492 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 $70 ($ 134,222 - $134,152).
MarketWatch 6/28/10 Mon. 4:50 pm by Peter McKay, Donna Yesalavich, Kristin Peterson says a late-day slump left major stock indexes slightly lower at Monday's close as traders fretted that the Group of 20's pledge to cut deficits could crimp global growth -- a key focus for investors over the past few weeks. Several business-friendly decisions by the U.S. Supreme Court helped to lift traders' sentiment somewhat, keeping the day's selling in check. But investors' newfound caution ultimately carried the day, as stocks fell into the red and bond prices rallied, pushing the yield on the 10-year Treasury note (UST10Y 3.02, -0.09, -2.80%) to 3.032%, the lowest level since April 2009. The Dow Jones Industrial Average (DJIA 10,139, -5.29, -0.05%) shed more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10,138.52. The Nasdaq Composite Index (COMP 2,221, -2.83, -0.13%) fell 0.1% to 2,221. The S&P 500 Index (SPX 1,075, -2.19, -0.20%) fell 0.2% to 1,075. The telecom sector was a bright spot, up 1% after President Barack Obama signed a memorandum to nearly double the amount of federal and commercial spectrum available for smart phones and wireless Internet devices. Sprint Nextel Corp. (S 4.47, +0.01, +0.22%) jumped 6.2%, while MetroPCS Communications Inc. (PCS 8.41, -0.08, -0.94%) added 0.8% and AT&T Inc. (T 25.00, +0.05, +0.20%) rose 0.7%. Consumer-staples stocks rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American (RAI 53.59, +0.14, +0.26%) jumped 4.1%, Altria Group (MO 20.43, +0.09, +0.45%) rose 3.3% and Lorillard (LO 71.83, -1.71, -2.33%) climbed 2.5%. Also providing a boost, a divided Supreme Court struck down some provisions that created a private regulatory body to inspect and discipline public-company accountants. Still, the relatively narrow ruling leaves intact most of the Sarbanes-Oxley Act, passed in 2002 to combat corporate-accounting scandals. Meanwhile, investors grew concerned that a pledge by G-20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus are over. The move comes as investors have gotten worried that the pace of the economic recovery may be slowing, exacerbated by debt issues in Europe and China's efforts to put the brakes on its growth. Those concerns helped lift safety assets. The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. dollar index (DXY 85.70, +0.39, +0.45%) , which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasurys climbed, with the 10-year note (UST10Y 3.02, -0.09, -2.80%) up, pushing its yield down to 3.032%, the lowest level in more than a year.
Gold futures also rose. Meanwhile, crude-oil futures slipped. Among stocks in focus, Aflac climbed 2.7%. The insurer said it will post an $80 million gain but will also take a $67 million charge in the current quarter on deals involving so-called perpetual securities and the sale of all its Greek sovereign debt.
AT&T T $24.95 +0.16 0.65% 21,408,840 NYSE: USA p1B "AT&T boosts wireless service in NYC" says it completed a project to improve service in NYC, where the proliferation of iPhones has caused dropped calls.
WSJ pB6 "Hacker Worries Persist" by Spencer Ante discusses the hackers who found private info about iPad users through a security hole in AT&T's website earlier this month.
WSJ pC10 "The Curious Case of iPhone 4" by Martin Peers says people are buying it despite an antenna design problem that forces them to hold the phone in a certain way. Now people can't blame AT&T for bad reception.
Alcoa AA $11.03 -0.20 1.78% 18,882,697 NYSE:
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Amex AXP $42.11 -0.56 1.31% 8,421,843 NYSE: No mentions found.
Bank of America BAC $15.24 -0.18 1.17% 109,437,492 NYSE: No mentions found.
Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Caterpillar CAT $64.4 -0.31 0.48% 6,588,130 NYSE: No mentions found.
Chevron CVX $69.96 -0.10 0.14% 10,442,193 NYSE: No mentions found.
CSCO $22.42 +0.2375 1.07% 42,968,408 NASDAQ-GS: No mentions found.
Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE: WSJ pB1 "Coke Hopes to Score with World Cup Campaign" by Valerie Bauerlein says Coke has spent $600 mil to advertise the Wrold Cup in 160 nations.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Disney DIS $33.22 -0.26 0.78% 7,677,750 NYSE: No mentions found.
DuPont DD $36.23 -0.43 1.17% 5,184,014 NYSE: No mentions found.
Exxon XOM $58.47 -0.63 1.07% 40,318,942 NYSE: No mentions found.
GE $15 0.09 +0.6% 58,497,151 NYSE: No mentions found.
Hewlett-Packard HPQ $46.07 +0.15 0.33% 12,863,824 NYSE: No mentions found.
Home Depot HD $29.59 -0.61 2.02% 15,306,548 NYSE: No mentions found.
Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
IBM $128.98 +1.86 1.46% 6,156,776 NYSE: NYT pb1 "Broad View of Patents on Methods" by John Schwart says the Supreme Court has broadened the possibility of getting patents for business methods and the article widely quotes IBM chief patent counsel Manny Schecter.
JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Johnson & Johnson JNJ $59.45 +0.75 1.28% 15,207,369 NYSE: No mentions found.
Kraft KFT $28.94 -0.3925 1.34% 12,172,802 NYSE: WSJ pB4 "Kraft Sells Polish Brand of Chocolate to Lotte" says it is selling Cadbury's E. Wedel chocolate operations in Poland to Tokyo based conglomerate Lotte group.
McDonalds MCD $67.33 -0.09 0.13% 4,366,418 NYSE: No mentions found.
Merck MRK $35.94 +0.01 0.03% 13,429,487 NYSE: WSJ pB3 "Avandia Studies Cite heart Risk" by Alicia Mundy says a study by FDA scientist David Graham says the diabetes drug Avandia is unsafe. It is made by GlaxoSmithKline. Graham was an early critic of Vioxx, the Merck painkiller that was pulled from the market in '04.
MSFT $24.31 -0.2225 0.91% 73,213,300 NASDAQ-GS: No mentions found.
Pfizer PFE $14.54 -0.10 0.68% 42,181,115 NYSE: No mentions found.
Procter & Gamble PG $60.62 +0.83 1.39% 14,016,396 NYSE: NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE: No mentions found.
Travelers TRV $51.07 -0.05 0.1% 3,185,863 NYSE: No mentions found.
United Tech UTX $67.11 -0.75 1.11% 3,280,362 NYSE: No mentions found.
Verizon VZ $28.71 +0.16 0.56% 13,034,340 Dual Listed: No mentions found.
WalMart WMT $49.57 +0.77 1.58% 14,576,725 NYSE: AJC pA10 "WalMart to Cut Back Prices" says a JPMorgan analysts say WalMart has a plan to roll back prices seasonally, e.g. chocolate around Halloween and to discount soft drinks.
***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 507. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.
A read of Tuesday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 10,138.52 down $5.29 or 0.05% from Friday's close of 10,143.81. For the year the Dow is down 2.14%. Of the 30 Dow Companies: 13 gained and 17 declined. The biggest gainer dollar-wise was IBM $128.98 +1.86 1.46% 6,156,776 NYSE and percentage-wise were Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE and Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS. The biggest decliner dollar-wise was Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE and percentage-wise was JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
WSJ pC1 "Yields Falling as Fears Rise Over Outlook" by Peter McKay says treasurys of all stripes ended Mon within reach of big milestones as fears about the fragile state of the global economy kept investors buying US gov debt. The yield on the 10 year Treasury note was at 3.023% and may go below 3% for the first time since April '09 while the 30 yr Treasury has a yield of 4.01% and could dip below 4%.
NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
Fin Times p22 "Altria bolstered by court snub to anti-tobacco appeal" by Masa Serdarevic says US stocks traded in a tight range Mon, closing slightly lower on the day, as investors digested the details of Fri's bank reform bill as well as the results of the weekend's G20 meeting.
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
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 14.74 down from Monday's 14.75 (year ago it was 12.42) the P/E estimate is 12.60 unchanged from Monday's 12.60 (year ago it was 13.62) and the current dividend yield is 2.73 unchanged from Monday's 2.73 (it was 3.339 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.
Monday's Dow Jones Industrial Average closing numerator was 1,341.52 down 0.70 from Friday's closing numerator of 1,342.22. 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 0.70 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 0.29. 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 $44.72 down 0.06 from Friday's Dow Jones Industrial Average average closing price of $44.78. The median closing price of Monday's Dow Jones Industrial Average was $40.32 up $2.04 from Friday's median price of $41.06. The lowest volume was 3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE and the highest volume again was Bank of America BAC $15.24 -0.18 1.17% 109,437,492 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 $70 ($ 134,222 - $134,152).
MarketWatch 6/28/10 Mon. 4:50 pm by Peter McKay, Donna Yesalavich, Kristin Peterson says a late-day slump left major stock indexes slightly lower at Monday's close as traders fretted that the Group of 20's pledge to cut deficits could crimp global growth -- a key focus for investors over the past few weeks. Several business-friendly decisions by the U.S. Supreme Court helped to lift traders' sentiment somewhat, keeping the day's selling in check. But investors' newfound caution ultimately carried the day, as stocks fell into the red and bond prices rallied, pushing the yield on the 10-year Treasury note (UST10Y 3.02, -0.09, -2.80%) to 3.032%, the lowest level since April 2009. The Dow Jones Industrial Average (DJIA 10,139, -5.29, -0.05%) shed more than 50 points in the last hour of trading to end down 5.29 points, or 0.1%, at 10,138.52. The Nasdaq Composite Index (COMP 2,221, -2.83, -0.13%) fell 0.1% to 2,221. The S&P 500 Index (SPX 1,075, -2.19, -0.20%) fell 0.2% to 1,075. The telecom sector was a bright spot, up 1% after President Barack Obama signed a memorandum to nearly double the amount of federal and commercial spectrum available for smart phones and wireless Internet devices. Sprint Nextel Corp. (S 4.47, +0.01, +0.22%) jumped 6.2%, while MetroPCS Communications Inc. (PCS 8.41, -0.08, -0.94%) added 0.8% and AT&T Inc. (T 25.00, +0.05, +0.20%) rose 0.7%. Consumer-staples stocks rose after the Supreme Court rejected an appeal by the government, which sought to revive a rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs. The tobacco companies had also filed an appeal. Reynolds American (RAI 53.59, +0.14, +0.26%) jumped 4.1%, Altria Group (MO 20.43, +0.09, +0.45%) rose 3.3% and Lorillard (LO 71.83, -1.71, -2.33%) climbed 2.5%. Also providing a boost, a divided Supreme Court struck down some provisions that created a private regulatory body to inspect and discipline public-company accountants. Still, the relatively narrow ruling leaves intact most of the Sarbanes-Oxley Act, passed in 2002 to combat corporate-accounting scandals. Meanwhile, investors grew concerned that a pledge by G-20 nations to halve their deficits by 2013 and stabilize their debt by 2016 sends an important symbolic message that the days of endless stimulus are over. The move comes as investors have gotten worried that the pace of the economic recovery may be slowing, exacerbated by debt issues in Europe and China's efforts to put the brakes on its growth. Those concerns helped lift safety assets. The dollar strengthened against both the yen and the euro, which recently traded around $1.2274, down from $1.2386 late Friday in New York. The U.S. dollar index (DXY 85.70, +0.39, +0.45%) , which tracks the U.S. currency against a basket of six others, rose 0.5%. Demand for Treasurys climbed, with the 10-year note (UST10Y 3.02, -0.09, -2.80%) up, pushing its yield down to 3.032%, the lowest level in more than a year.
Gold futures also rose. Meanwhile, crude-oil futures slipped. Among stocks in focus, Aflac climbed 2.7%. The insurer said it will post an $80 million gain but will also take a $67 million charge in the current quarter on deals involving so-called perpetual securities and the sale of all its Greek sovereign debt.
AT&T T $24.95 +0.16 0.65% 21,408,840 NYSE: USA p1B "AT&T boosts wireless service in NYC" says it completed a project to improve service in NYC, where the proliferation of iPhones has caused dropped calls.
WSJ pB6 "Hacker Worries Persist" by Spencer Ante discusses the hackers who found private info about iPad users through a security hole in AT&T's website earlier this month.
WSJ pC10 "The Curious Case of iPhone 4" by Martin Peers says people are buying it despite an antenna design problem that forces them to hold the phone in a certain way. Now people can't blame AT&T for bad reception.
Alcoa AA $11.03 -0.20 1.78% 18,882,697 NYSE:
USA Today p6B "Lack of conviction sends stocks down" by Bloomberg says stocks dipped Mon sending the S&P 500 index lower fort he firth time in 6 sessions, as declines in oil and metal prices dragged down commodity producers. Alcoa fell 20 cents as it agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Amex AXP $42.11 -0.56 1.31% 8,421,843 NYSE: No mentions found.
Bank of America BAC $15.24 -0.18 1.17% 109,437,492 NYSE: No mentions found.
Boeing BA $67.3 -1.47 2.14% 4,827,276 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Caterpillar CAT $64.4 -0.31 0.48% 6,588,130 NYSE: No mentions found.
Chevron CVX $69.96 -0.10 0.14% 10,442,193 NYSE: No mentions found.
CSCO $22.42 +0.2375 1.07% 42,968,408 NASDAQ-GS: No mentions found.
Coke KO $51.08 +0.82 1.63% 11,386,650 NYSE: WSJ pB1 "Coke Hopes to Score with World Cup Campaign" by Valerie Bauerlein says Coke has spent $600 mil to advertise the Wrold Cup in 160 nations.
WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Disney DIS $33.22 -0.26 0.78% 7,677,750 NYSE: No mentions found.
DuPont DD $36.23 -0.43 1.17% 5,184,014 NYSE: No mentions found.
Exxon XOM $58.47 -0.63 1.07% 40,318,942 NYSE: No mentions found.
GE $15 0.09 +0.6% 58,497,151 NYSE: No mentions found.
Hewlett-Packard HPQ $46.07 +0.15 0.33% 12,863,824 NYSE: No mentions found.
Home Depot HD $29.59 -0.61 2.02% 15,306,548 NYSE: No mentions found.
Intel INTC $20.36 +0.3275 1.63% 53,991,542 NASDAQ-GS: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
IBM $128.98 +1.86 1.46% 6,156,776 NYSE: NYT pb1 "Broad View of Patents on Methods" by John Schwart says the Supreme Court has broadened the possibility of getting patents for business methods and the article widely quotes IBM chief patent counsel Manny Schecter.
JPMorgan JPM $38.54 -0.90 2.28% 39,478,785 NYSE: WSJ pC6 "Altria, Lorillard Log Gains" by Donna Yesalavich says stocks closed slightly lower Mon, with Boeing among the decliners as investors grew concerned about the potential impact on global growth from the Group of 20's pledge to cut deficits. JPMorgan was the Dow's worst performer with a decline of 2.3% while Boeing slipped 2.1% and Alcoa dropped 1.8%. Intel climbed 1.6%, Coke advanced 1.6% and Walmart added 1.6%.
Johnson & Johnson JNJ $59.45 +0.75 1.28% 15,207,369 NYSE: No mentions found.
Kraft KFT $28.94 -0.3925 1.34% 12,172,802 NYSE: WSJ pB4 "Kraft Sells Polish Brand of Chocolate to Lotte" says it is selling Cadbury's E. Wedel chocolate operations in Poland to Tokyo based conglomerate Lotte group.
McDonalds MCD $67.33 -0.09 0.13% 4,366,418 NYSE: No mentions found.
Merck MRK $35.94 +0.01 0.03% 13,429,487 NYSE: WSJ pB3 "Avandia Studies Cite heart Risk" by Alicia Mundy says a study by FDA scientist David Graham says the diabetes drug Avandia is unsafe. It is made by GlaxoSmithKline. Graham was an early critic of Vioxx, the Merck painkiller that was pulled from the market in '04.
MSFT $24.31 -0.2225 0.91% 73,213,300 NASDAQ-GS: No mentions found.
Pfizer PFE $14.54 -0.10 0.68% 42,181,115 NYSE: No mentions found.
Procter & Gamble PG $60.62 +0.83 1.39% 14,016,396 NYSE: NYT pB6 "Consumer Shares Gain, But Indexes Close Lower" says stocks ended slightly lower on Mon as gains in consumer related stocks, including tobacco shares, were offset by losses in the energy sector. Coke and Procter & Gamble were 2 of the Dow's best performers.
3M MMM $78.98 +0.08 0.1% 3,004,316 NYSE: No mentions found.
Travelers TRV $51.07 -0.05 0.1% 3,185,863 NYSE: No mentions found.
United Tech UTX $67.11 -0.75 1.11% 3,280,362 NYSE: No mentions found.
Verizon VZ $28.71 +0.16 0.56% 13,034,340 Dual Listed: No mentions found.
WalMart WMT $49.57 +0.77 1.58% 14,576,725 NYSE: AJC pA10 "WalMart to Cut Back Prices" says a JPMorgan analysts say WalMart has a plan to roll back prices seasonally, e.g. chocolate around Halloween and to discount soft drinks.
***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.
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: 6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
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: 6/4/10 Free Writing Prospectuses
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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.
5/3/10 10Q
IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.
4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q
JPMorganChase JPM: 6/3/10 Rule 424 Prospectus
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders
5/7/10 10Q
McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
5/17/10 additional proxy materials
5/11/10 8K re: press release re: April and year to date '10 sales.
5/6/10 10Q
Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
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