www.DowJonesMonitor.com
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. 475. 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 Thursday's Wall St. Journal, Financial Times, New York Times & USA Today yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Wednesday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Wednesday at 9,899.25 down 40.73 or 0.41% from Tuesday's close of 9,939.98. For the year the Dow is down 5.07%. Of the 30 Dow Companies: 8 gained and 22 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $61.71 +0.695 1.14% 7,718,033 NYSE. The biggest decliner dollar-wise was Exxon XOM $60.03 -1.21 1.98% 31,611,665 NYSE and percentage-wise was Bank of Am BAC $15.01 -0.32 2.09% 150,510,762 NYSE.
WSJ pC6 "BP Plummets 16%; BofA and Exxon Fall" by Donna Yesalavich says stocks fell with Bank of America, JPMorgan and Exxon among the decliners after worries about global growth reemerged. Boeing is charted under Good News say many multinationals benefited from investors' increased comfort with int'l exposures after a report Chinese exports surged 50% in May.
WSJ pC1 "Dow Revisits, fails to Hold 10000 Level" by Donna Yesalavich, Kristina Peterson says a rally in US stocks fizzled late Wed. after a report from the Fed Res. & comments from German Chancellor Merkel fed investors' unease about the global economy.
Fin Times p26 "Stocks Tumble as Positive signals are disregarded" by Masa Serdarevic says US stocks gave up the session's gains in the last hour of trading yesterday to close lower on the day, as investors shrugged off a positive report on Chinese exports as well as the Fed Res' Beige Book, which said economic activity improved nationwide last month.
NYT pB1 "BP concerns Drag down Other Stocks" by Susanna Kim says investors were shaken Wed by the prospect that BP might cut its dividend, pulling down the broader market.
USA Today p4B "BP worries send investors scurrying" by Bloomberg says stocks fel Wed with declines in energy and banking shares wiping out early gains, as the cost to protect against default by BP rose to a record amid concern over the fallout from the Gulf of Mexico oil spill.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 14.39 down from Wednesday's 14.45 (year ago it was 12.73) the P/E estimate is 12.36 unchanged from Wednesday's 12.36 (year ago it was 25.00) and the current dividend yield is 2.80 up from Wednesday's 2.79 (it was 3.32 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 1,309.86 down 5.39 from Tuesday's closing numerator of 1,315.25. 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 5.39 for Wednesday by the divisor (0.132319125) you get the decrease in Wednesday's Dow of 40.73. 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 $43.66 down 0.18 from Tuesday's Dow Jones Industrial Average average closing price of $43.84. The median closing price of Wednesday's Dow Jones Industrial Average was $37.62 down 0.49 from Tuesday's median price of $38.11. The lowest volume was 3M MMM $74.79 -0.13 0.17% 4,795,418 NYSE and the highest volume again was Bank of America BAC $15.01 -0.32 2.09% 150,510,762 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 $530 ($131,520 -$130,980).
MarketWatch Wednesday 6/9/10 4:20 pm by Kate Gibson says U.S. stocks lost their gains Wednesday as Wall Street lapsed in another display of uncertainty after Federal Reserve Chairman Ben Bernanke voiced cautious optimism about the economy and the central bank's Beige Book also noted modest improvement. After climbing more than 100 points and clearing 10,000 for the first time this week, the Dow industrials (DJIA 9,899, -40.73, -0.41%) ended at 9,899.25, off 40.73 points, or 0.4%. Twenty-two of the Dow's 30 components finished with losses, led by Bank of America Corp. (BAC 15.00, -0.01, -0.07%) , off 2.1%. Will the correction stick? Stocks are clearly in correction territory but where do they go from here? There are plenty of headwinds, including the euro zone crisis and the weak housing market in the U.S. But there are some tailwinds too. The S&P 500 Index (SPX 1,056, -6.31, -0.59%) fell 6.31 points to 1,055.69, with energy off the most among its 10 industry groups. On Capitol Hill, Bernanke told a House budget panel that any fallout from Europe's debt trouble would likely have only a modest impact on U.S. economic growth, so long as financial markets continue to heal. Bernanke, whose comments about prospects for growth in an interview late Monday helped bolster Wall Street sentiment, also called on lawmakers to come up with a long-term plan to cut the U.S. budget deficit. The Nasdaq Composite Index (COMP 2,159, -11.72, -0.54%) shed 11.72 points to 2,158.85. For every seven stocks on the rise eight were declining on the New York Mercantile Exchange, where 1.7 billion shares traded. Composite volume topped 6.4 billion. In its June report, the Fed's Beige Book found ongoing improvement across the country, with the pace of growth generally termed modest. Crude-oil futures topped $74 a barrel and gold neared $1,230 an ounce.
AT&T T $24.9 -0.07 0.28% 33,137,852 NYSE: NYT pB2 "AT&T Said to Expose iPad users' Addresses" by Miguel Helft, WSJ pB1 "AT&T Says IPad owners' email Data Was Breached" by Spencer Ante say AT&T acknowledged Wed that a security hole in its website had exposed iPad users' email addresses, a breach that highlights how firms still have problems protecting private info.
Alcoa AA $10.8 -0.04 0.37% 26,113,627 NYSE: No mentions found.
Amex AXP $38.11 -0.32 0.83% 12,229,035 NYSE: No mentions found.
Bank of Am BAC $15.01 -0.32 2.09% 150,510,762 NYSE: WSJ pC1 "BofA Jettisons a Meico Stake" by Sara Munoz, Dan Fitzpatrick says Bank of America sold its 25% stake in the Mexican subsidiary of Banco Santander SA back to the Madrid bank for $2.5 bil.
WSJ pC6 "BP Plummets 16%; BofA and Exxon Fall" by Donna Yesalavich says stocks fell with Bank of America, JPMorgan and Exxon among the decliners after worries about global growth reemerged. Boeing is charted under Good News say many multinationals benefited from investors' increased comfort with int'l exposures after a report Chinese exports surged 50% in May.
Boeing BA $61.71 +0.695 1.14% 7,718,033 NYSE: WSJ pB3 "Airbus Officials Cite Challenges" by Daniel Michaels says Airbus and its parent firm European Aeronautic Defence & Space are tracking key problems that have dogged them for 5 rocky years. Their biggest problem is how to price risk as multibillion dollar aerospace programs take years to develop and face huge unknowns. EADS and Boeing have both stuggled this decade to develop ambitious new planes. Boeing in '04 launched the 787 Dreamliner program but has hit delays. Boeing has also hit delays and budget overruns developing the 747-8, a new version of tis venerable jumbo jet.
WSJ pC6 "BP Plummets 16%; BofA and Exxon Fall" by Donna Yesalavich says stocks fell with Bank of America, JPMorgan and Exxon among the decliners after worries about global growth reemerged. Boeing is charted under Good News say many multinationals benefited from investors' increased comfort with int'l exposures after a report Chinese exports surged 50% in May.
Caterpillar CAT $56.81 +0.20 0.35% 9,714,272 NYSE: No mentions found.
CSCO $22.78 -0.175 0.76% 47,615,095 NASDAQ-GS: No mentions found.
Chevron CVX $70.79 -0.2325 0.33% 14,073,683 NYSE: No mentions found.
Coke KO $51.35 -0.21 0.41% 8,807,372 NYSE: No mentions found.
Disney DIS $32.94 -0.21 0.63% 13,679,399 NYSE: NYT pB3 "Disney Says It Will Close 5 ESPN Zone Restaurants" by Bloomberg, WSJ pC4 "Disney to Close 5 ESPN Zones" by Paul Zioro say it will close 5 of its 7 sports themed restaurants next week including its NY Times Square one.
DuPont DD $35.58 +0.09 0.25% 10,132,431 NYSE: No mentions found.
Exxon XOM $60.03 -1.21 1.98% 31,611,665 NYSE: WSJ pC6 "BP Plummets 16%; BofA and Exxon Fall" by Donna Yesalavich says stocks fell with Bank of America, JPMorgan and Exxon among the decliners after worries about global growth reemerged. Boeing is charted under Good News say many multinationals benefited from investors' increased comfort with int'l exposures after a report Chinese exports surged 50% in May.
GE $15.32 -0.16 1.03% 66,745,415 NYSE: No mentions found.
Hewlett-Packard HPQ $45.41 -0.47 1.02% 19,080,756 NYSE: No mentions found.
Home Depot HD $31.76 -0.05 0.16% 15,786,305 NYSE: No mentions found.
Intel INTC $19.93 -0.25 1.24% 58,945,932 NASDAQ-GS: No mentions found.
IBM $123.9 +0.18 0.15% 7,794,441 NYSE: No mentions found.
JPMorgan JPM $37.12 -0.66 1.75% 42,447,884 NYSE: Fin Times p15 "JPMorgan in China Alliance" by Dundeep Tucker, WSJ pC2 "JPMorgan Sets Venture to tap Into China's Boom" by Nisha Gopalan say JPMorgan formed a jv with First Capital Securities that would make it the latest foreign bank to be allowed to underwrite and sponsor deals in China's securities markets.
WSJ pC6 "BP Plummets 16%; BofA and Exxon Fall" by Donna Yesalavich says stocks fell with Bank of America, JPMorgan and Exxon among the decliners after worries about global growth reemerged. Boeing is charted under Good News say many multinationals benefited from investors' increased comfort with int'l exposures after a report Chinese exports surged 50% in May.
Johnson & John JNJ $58.17 -0.47 0.8% 13,126,061 NYSE: No mentions found.
KFT $28.88 +0.24 0.84% 11,464,129 NYSE: No mentions found.
MCD $68.26 -0.115 0.17% 8,921,074 NYSE: No mentions found.
MRK $33.71 -0.10 0.3% 12,843,606 NYSE: No mentions found.
Microsoft MSFT $24.79 -0.32 1.27% 87,171,617 NASDAQ-GS: WSJ pB5 "Microsoft Broadens Bing, Enters Talks With AOL" by Nick Wingfield, Jessica Vascellaro says MSFT which rebooted its Internet search biz a year ago with Bing search engine, is putting a major partnership in place with Yahoo and is discussing a search deal with AOL.
WSJ pB1 "Google Blasts apple on Ad Rules" by Jessica Vascellaro says Google blasted Apple for imposing new rules on developers that could bar Google and other rivals from selling ads inside iPHone and iPad apps, the latest sign of growing tensions between the 2 Silicon Valley powerhouses. Apple will allow some ad firms to compete with Apple's own ad network, iAd, which is set to launch July 1, so long as those competitors aren't affiliated with a firm that makes mobile devices or mobile operating software, a category which includes Microsoft, which makes its own mobile operating system.
USA p3B "Upcoming Office 2010 has lots of nifty new features' by Edward Baig, WSJ pD1 "Microsoft Office Simplified for the Web" by Walter Mossberg review the new version of Word which is used inside a Web browser.
Pfizer PFE $14.52 -0.03 0.21% 86,402,351 NYSE: No mentions found.
Procter & Gam PG $61.47 -0.67 1.08% 14,200,375 NYSE: No mentions found.
3M MMM $74.79 -0.13 0.17% 4,795,418 NYSE: No mentions found.
Travelers TRV $48.79 -0.30 0.61% 6,321,915 NYSE: No mentions found.
United Tech UTX $63.42 -0.79 1.23% 7,988,366 NYSE: No mentions found.
Verizon VZ $27.78 -0.10 0.36% 18,421,089 Dual Listed: No mentions found.
WalMart WMT $50.99 -0.21 0.41% 16,519,176 NYSE: NYT pB1 'WalMart Finds Ally in Education" by Micheline Maynard says the arrangement between WalMart and American Public Education will have WMT spending $50 mil over the next year for APE to provide education services to WMT employees.
***********************
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.
5/5/10 10Q
Cisco CSCO: 5/26/10 10Q
5/12/10 8K re: results of operations for its fiscal third quarter 2010 ended May 1, 2010.
Coke KO: 4/29/10 10Q
4/26/10 8K re: results of 4/21/10 voting results from annual meeting in Duluth, Ga.
Disney DIS: 5/11/10 10Q
5/11/10 8-K re: press release re: 10Q re: quarter ended 4/3/10.
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.