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Post No. 561. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
A read of Saturday's issues of Wall St. Journal, Financial Times, New York Times, Atlanta Journal Constitution 8/2/10 issue of Barron's & 7/30 -8/5/10 issue of Atlanta Business Chronicle yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Friday at 10,465.94 down 1.22 or 0.01% from Thursday's close of 10,467.16. For the week the Dow is up 41.32 or 0.04% from last Friday's close of 10,424.62. For the year the Dow is up 0.36%. For the month of July the Dow was up 691.92 points 7.1%. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE and percentage-wise was Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE NYSE. The biggest decliner dollar-wise was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and percentage-wise was Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS.
WSJ pB1 "Blue chips rose 7.15 in July, best stock month in a year" by Jonathan Cheng says July was a good month for the Dow as it reversed a 120 point decline Fri to close out a heady month that added 691.92 points or 7.1% to the Dow, the best month in a year. The Dow finished Fri down 1.22 points bucking a slowdon in 2Q economic growth.
WSJ pB2 "Merck throws Dow for a loss" by Donna Yesalavich says in the final session of the market's best month in a year, blue chip stocks fell slightly as data showed US economic growth slowed in 2Q while Merck's sales disappointed. Still, the S& P 500 index eked out a tiny advance, led by consumer firms including Home Depot and Expedia. Home Depot was the Dow's best performer, up 1.6%. McDonald's climbed 0.5% after both got a boost after the Reuters/Univ of Michigan consumer sentiment index's final reading for July ticked up.
Fin Times p14 "Insurers & drugmakers stand out in tepid trade" by Hannah Kuchler says Wall St. finished flat Fri after spending most of the day in negative territory because of concerns about the slowing rate of economic growth.
NYT pB6 "after the GDP report, Wall St. settles down" by Susanna Kim says investors took a disappointing report on the nation's gross domestic product in strikde, leaving he indexes nearly unchanged on Fri. Shares stayed within a narrow range after opening lower in the latest reading on the economy.
As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.18 down from Friday's 14.38 (year ago it was 14.76) the P/E estimate is 12.70 unchanged from Friday's 12.59 (year ago it was 14.50) and the current dividend yield is 2.66 unchanged from Friday's 2.66 (it was 3.13 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.
Friday's Dow Jones Industrial Average closing numerator was 1,382.86 down 0.16 from Thursday's closing numerator of 1,383.02. 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 0.16 for Friday by the divisor (0.132129493) you get the decrease in Friday's Dow of 1.22. 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 Friday's Dow Jones Industrial Average was $46.10 unchanged from Thursday's Dow Jones Industrial Average average closing price of $46.10. The median closing price of Friday's Dow Jones Industrial Average was $42.39 down $0.06 from Thursday's median price of $42.39. The lowest volume was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and the highest volume again was Bank of America BAC $14.04 +0.01 0.07% 129,713,831 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $15 ($138,301 - $138,286).
MarketWatch 7/30/10 Fri. 4:31 pm by Claudia Assis, Kate Gibson, Deborah Levine says a modicum of confidence returned to markets in July, as U.S. and European stocks erased much of the losses inked in prior months and investors took heart that slow growth is better than none at all, dumping gold and the U.S. dollar in light of this more sanguine view. The recovery in stocks, oil and other hard-hit investments puts investors on a more stable footing as they head into August. Precious-metals mutual funds lost almost 9% in July as concerns about global economic woes eased. Concerns about a debt debacle in Europe galvanized Wall Street in May and June, punishing stocks and pushing gold to a string of record highs. July was kinder by far, even as solid earnings results were tarnished by concerns about the slow pace of the U.S. recovery. Such worries were reinforced Friday, when the Commerce Department reported the U.S. economy expanded at 2.4% annualized rate in the second quarter, compared to 3.7% in the previous three months. Nonetheless, the stock market, a barometer of the general mood about the economy, has recovered about half the ground lost since the end of April. Treasurys have held onto modest gains, sending yields on short-term maturities to record lows; and gold, traditionally considered a harbinger of doom, has suffered its first monthly loss in four. Markets swung widely in May and June as worries spread that high debt and deficit problems in European countries, starting with Greece, would hit European banks, curtail the region's economic growth, and cascade to the U.S. and other parts of the globe. There was even talk about whether the euro would survive the crisis. Wall Street has moved on from the global economic worries highlighted by Europe's debt trouble. The Dow Jones Industrial Average (DJIA 10,466, -1.22, -0.01%) is on pace to record its biggest month gain in a year, up 7.3% for the nearly ended July. The index, which had finished just above the 11,000 level in April, went on to lose 11% in May and June combined. The Standard & Poor's 500 Index (SPX 1,102, +0.07, +0.01%) has gained 7.2% in July, after losing 8.2% in May and then another 5.4% in June. The Nasdaq Composite Index /quotes/comstock/10y!i:comp (COMP 2,255, +3.01, +0.13%) has gained 7.1% for July, after tumbling 8.3% in May and another 6.6% in June. The Stoxx Europe 600 (ST:SXXP 255.35, -0.91, -0.36%) , a benchmark for European shares, gained 4.9% in July, rebounding from three straight months of losses. And emerging markets have also recovered, with the MSCI Barra Emerging Markets Index up about 8%, on track for its strongest gain since at least March. Still, stocks lost a bit of air as the month wound down, with the major U.S. indexes struggling to post slight gains for the final week. What's proved to be a largely positive second-quarter earnings season has been overshadowed instead by concerns surrounding the domestic recovery, with even bulls agreeing that the U.S. economy hit a rough patch in recent months. Bonds have mostly held their ground, with Treasurys of all maturities returning 0.2% in July, adding to gains of 6.1% so far this year. The current environment is just about perfect for Treasurys. Treasurys remain attractive to many investors as outlook of slow growth reduces the risk of inflation eroding the value of bonds' fixed payments. As bond prices have gained, yields have fallen. Two-year note yields (UST2YR 0.55, -0.03, -5.30%) have fallen to 0.55%, touching a fresh record low Friday, from 0.62% at the end of June and far from the high of the year, 1.18% in early April. See Bond Report for more on falling Treasury yields. Yields on 10-year notes (UST10Y 2.91, -0.08, -2.71%) , the benchmark for many consumer and corporate loans, are down slightly to 2.91% from 2.95% at the end of June. They, too, are far lower than the 3.99% reached in early April, and earlier in July they touched the lowest since April 2009. Thirty-year bonds' yields (UST30Y 3.99, -0.09, -2.21%) are 4%. That's up from 3.85% at the end of June, but still lower than levels seen in late May and the 2010 high of 4.78% in early April. The fading risk of inflation is good for bonds and consumers in general, but has been bad news for gold. The precious metal, bought by some on fears of rampant inflation, has lost nearly 6% since it hit a nominal record high of $1,258.30 an ounce on June 18. Gold lost 5% in July. Investors flocked to gold as concerns about the demise of the euro amid a European debt crisis hit fever pitch. It has suffered as those fears subsided. No sign of inflation in the horizon means that few investors but hard-core gold bugs have any incentive to pile up on gold, he added. The dollar was in a similarly hard spot in July, having lost the engine of its ascent in May and June. As concerns about the European debt crisis faded into the rearview mirror, the U.S. currency lost support from investors seeking a safe-haven from the euro. The dollar suffered a double-whammy, however, as weaker economic news kept away investors who might buy the dollar on the idea that faster U.S. growth would prompt the Federal Reserve to raise interest rates, making the dollar more attractive. But the U.S. is still better positioned to stage a full recovery quicker than euro-zone countries and Great Britain, which implemented more austere government budgets. Tempus looks for the euro to change hands at $1.23 at the end of the year, provided macroeconomic reports show an improving picture in the U.S. The euro has gained 6.8% against the dollar this month, extending its recovery after touching a 4-year low around $1.19 in early June. The dollar index (DXY 81.58, -0.06, -0.07%) , which compares the U.S. currency to a basket of six currencies, has lost 5.2% in July, and is off 7.8% from its high at the beginning of June. For the year, the euro is down 8.8% against the dollar and the dollar index is up 4.7%.
Crude-oil futures gained 4.4% in July to settle just under $79 a barrel, the most-active contract's best month since March. Oil notched losses of 14% in May, and posted a subdued gain of 2.2% in June. Oil futures held a tight correlation with U.S. stocks, as rising equities were taken as signs of improving macroeconomic conditions and future energy demand. A weaker dollar also helped oil, making the hard asset less expensive for holders of other currencies and enhancing its appeal as an alternative investment. But, as GDP numbers made plain on Friday, the macroeconomic situation is still precarious, and challenges abound. While the Europe's recent bank stress tests soothed Wall Street somewhat, the risk remains for further economic trouble in the region, despite positive economic data from the continent, in particular from Germany. July marked the return of investor willingness to take on more risk, with so-called risk currencies such as the euro and pound started to climb. Long-term challenges include still-wobbly housing and jobs markets, rising federal and state government debt, and a subdued consumer, growing more politically and personally averse to spending, which would have negative consequences on growth.
AT&T T $25.94 -0.08 0.31% 25,197,588 NYSE: No mentions found.
Alcoa AA $11.17 +0.15 1.36% 22,584,496 NYSE: No mentions found.
Amex AXP $44.64 +0.08 0.18% 7,309,164 NYSE: Barron's p11 "Week Preview" says Pfizer reports 2Q earnings on Tuesday 8/3 with consensus estimates of 0.52 and a year ago of 0.48, & on Wed. 8/4 American Express holds a semi-annual meeting with the financial community..
Bank of Am BAC $14.04 +0.01 0.07% 129,713,831 NYSE: Barron's p15 "No Card games" by Andrew Bary says Bank of America's stock has suffered partly because it plans to cut its reliance on fees and charges like debit-card overdraft penalties. The article concludes BofA is a buying opportunity. Bank of America shares, at 14, are down from their April peak of $19.50 and since than have fallen more than shares of its rivals: Citigroup, JPMorgan and Wells Fargo. The price drop makes the stock look appealing, trading for just 7 times potential '12 profits of $2 a share and only 1.1 times projected Sept. 30 tangible book value of $13.
WSJ pB3 "BofA cuts some rates on its CDs" by Robin Sidel says Bank of America cut some rates on CDs this week, the latest in a round of cuts that will leave consumers and businesses with fewer options to stash their cash. The 5 year CD was cut to 1.75% from 2.25%.
Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE: No mentions found.
Caterpillar CAT $69.75 +0.35 0.5% 7,204,198 NYSE: No mentions found.
Chevron CVX $76.21 +0.19 0.25% 16,958,006 NYSE: WSJ pB6 "Chevron profit soars" by Isabel Ordonex, Fin times p9 "Moratorium to hit Chevron output" by Sheila McNultyNYT pB6 "Net income triples for Chevron" , AJC pA13 "Chevron's income triples on higher gas, oil prices" say Chevron's 2Q profit more than tripled, driven by higher oil prices & a surge in refining earnings. Chevron joined other energy firms in posting a jump in quarterly profits this week, helped by a rebound of the refining business. Chevron posted stronger results from its exploration and production, or upstream, activities than its peers, with income from oil and gas sales nearly tripling. Exxon and ConocoPhillips posted increases of 40% and 87%, respectively. chevron's output is more heavily weighted than its rivals' toward crude oil, which has been ore profitable than natural gas, the price of which has languished amid a boom in domestic US production. Chevron has earnings of $5.41 bil, or $2.70 a share, up from $1.75 bil, or 87 cents a share, a year earlier. Rev jumped 29% to $51.05 bil. Chevron's profit beat aanlysts' expectations of $2.44 a share, due to higher than expected refining profits.
Cisco CSCO $23.07 -0.14 0.6% 41,931,170 NASDAQ-GS: WSJ pB16 "Building on the US data boom" by Rolfe Winkler says server suppliers like Dell, Hewlett-Packard and IBM are big beneficiaries of the Internet-traffic boom which Cisco estimates will increase 34% a year through 2014.
Coke KO $55.11 +0.12 0.22% 8,155,539 NYSE: Barron's p12 "Can Coca-Cola Quench Investors' Thirst?" by Christopher Williams says Coke uncapped the most surprising outlook of the earnings season when CEO Muhtar Kend said during the 2Q conference call that No. America will be a growth market of great opportunities for the next 10 years and beyond. Most global giants tout their emerging markets strength these days but Coke claims to see added promise closer to hime, where soda sales have been declining for year.
Atl Bus Chron p1A "Coca-Cola pours $70 M into clean tech fund" by Urvaksh Karkaria says Coke has poured $70 million into cleantech venture funds managed by Element Partners and RockPort Capital Partners.
Disney DIS $33.69 -0.02 0.06% 7,655,391 NYSE: WSJ pB1 "Hollywood Ousiders To Buy Miramax" by Lauren Schuker,Fin Times p9 "Disney sells Miramax films" by Kenneth Li NYT pB2 "Disney sells Miramax to investor group" by Michael Cieply say Disney reached a deal Thurs. night to sell its Miramax Films label for more than $660 mil to a group of investors that includes construction magnate ron Tutor, real estate financier tom Barrack the his investment firm, Colony Capital. Miramax has more than 700 films including PulpFiction, No Country for Old Men and Shakespeare in Love.
WSJ pB6 "Disney taps Lee to fix its ailing ABC network" by Shira Ovide, NYT B2 "ABC names new head of Entertainment Group", AJC pA13 "Diseny sell Miramax" say Disney named Paul Lee, the head of its ABC Family cable tv channel to run its ABC network replacing Stephen McPherson who resigned this week after 6 years as pres. of the ABC enertainment group. Despite some his, ABC's audience shrunk under McPherson.
DuPont DD $40.67 +0.16 0.39% 5,880,246 NYSE: No mentions found.
Exxon XOM $59.68 -0.66 1.09% 29,215,946 NYSE: WSJ pB6 "Chevron profit soars" by isabel ordonex says Chevron's 2Q profit more than tripled, driven by higher oil prices & a surge in refining earnings. Chevron joined other energy firms in posting a jump in quarterly profits this week, helped by a rebound of the refining business. Chevron posted stronger results from its exploration and production, or upstream, activities than its peers, with income from oil and gas sales nearly tripling. Exxon and ConocoPhillips posted increases of 40% and 87%, respectively. chevron's output is more heavily weighted than its rivals' toward crude oil, which has been ore profitable than natural gas, the price of which has languished amid a boom in domestic US production. Chevron has earnings of $5.41 bil, or $2.70 a share, up from $1.75 bil, or 87 cents a share, a year earlier. Rev jumped 29% to $51.05 bil. Chevron's profit beat aanlysts' expectations of $2.44 a share, due to higher than expected refining profits.
GE $16.12 -0.03 0.19% 59,944,010 NYSE: No mentions found.
Hewlett-Packard HPQ $46.04 -0.37 0.8% 12,573,894 NYSE: Barron's p21 "Earnings-Season Worries" by Eric Savitz says uncertainty unsettles investors, but there are bargain stocks, including printer companies. Paul Wick, tech-fund portfolio manager with J.&W. Seligman says he sees a pure cyclical play in the printer and copier sector, which he says i seeing improving demand to the benefit of Hewlett-Packard and Exerox. HP rival Lexmark last week posted blowout 2Q results.
WSJ pB16 "Building on the US data boom" by Rolfe Winkler says server suppliers like Dell, Hewlett-Packard and IBM are big beneficiaries of the Internet-traffic boom which Cisco estimates will increase 34% a year through 2014.
Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE: WSJ pB2 "Merck throws Dow for a loss" by Donna Yesalavich says in the final session of the market's best month in a year, blue chip stocks fell slightly as data showed US economic growth slowed in 2Q while Merck's sales disappointed. Still, the S& P 500 index eked out a tiny advance, led by consumer firms including Home Depot and Expedia. Home Depot was the Dow's best performer, up 1.6%. McDonald's climbed 0.5% after both got a boost after the Reuters/Univ of Michigan consumer sentiment index's final reading for July ticked up.
Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS: WSJ pB5 "Intel nears chip pact" by Don Clark says Intel is close to a deal with Infineon technologies AG that could aid Intels quest to paly a major role in smartphones, including Apple's iPhone 4. It would buy Infineon's wireless chip unit, whose products include cellular baseband chips used by Apple and other phone makers.
IBM $128.4 +0.38 0.3% 6,002,285 NYSE: WSJ pB16 "Building on the US data boom" by Rolfe Winkler says server suppliers like Dell, Hewlett-Packard and IBM are big beneficiaries of the Internet-traffic boom which Cisco estimates will increase 34% a year through 2014.
JPMorgan JPM $40.28 +0.07 0.17% 26,320,883 NYSE: Barron's p15 "No Card games" by Andrew Bary says Bank of America's stock has suffered partly because it plans to cut its reliance on fees and charges like debit-card overdraft penalties. The article concludes BofA is a buying opportunity. Bank of America shares, at 14, are down from their April peak of $19.50 and since than have fallen more than shares of its rivals: Citigroup, JPMorgan and Wells Fargo. The price drop makes the stock look appealing, trading for just 7 times potential '12 profits of $2 a share and only 1.1 times projected Sept. 30 tangible book value of $13.
Johnson & Johnson JNJ $58.09 +0.26 0.45% 12,931,124 NYSE: No mentions found.
Kraft KFT $29.21 +0.10 0.34% 6,928,238 NYSE: No mentions found.
McDonalds MCD $69.73 0.35 0.5% 5,745,880 NYSE: Barron's pm4 "Double Dip didn't Happen" by Kopin Tan says the threat of a double-dip recession is over. Treasury buyers drove yields to record lows, and firms like McDonald's and Kimberly Clark are rushing to sell debt to capitalize on low interest rates.
Barron's pM8 "Companies Storm Debt markets" by Randall Forsyth, WSJ pB7 "Hold the lettuce" say McDonald's agreed to pay investors 3.5% on its 10 year debt offering priced on Wed, the lowest rate ever for such an issue by an US firm.
WSJ pB2 "Merck throws Dow for a loss" by Donna Yesalavich says in the final session of the market's best month in a year, blue chip stocks fell slightly as data showed US economic growth slowed in 2Q while Merck's sales disappointed. Still, the S& P 500 index eked out a tiny advance, led by consumer firms including Home Depot and Expedia. Home Depot was the Dow's best performer, up 1.6%. McDonald's climbed 0.5% after both got a boost after the Reuters/Univ of Michigan consumer sentiment index's final reading for July ticked up.
Merck MRK $34.46 +0.60 1.71% 21,623,861 NYSE: WSJ pB5 "Merck takes hit from merger" by Peter Loftus says merck reported Fri a 52% decline in 2Q profit, as merger & restructuring costs trumped a near doubling in sales as a result of its takeover of Schering-Plough. It beat Wall St. expectations, helped by a lower than expected tax rate but rev fell short, due partly to pressures in Europe, where nat'l health programs have been imposing cuts on drug prices to help close budget gaps. Merck posted profit of $752.4 mil or 24 cents a sahre, comapred with $1.56 bil or 74 cents a sahre in last year's 2Q. Merck's sales rose 92% to $11.35 bil; analysts were expecting $11.46 bil. Mrck bought Schering-Plough in Nov for $49.6 bil in a deal intended to bolster its drug research ipeline, diversify oeprations adn generate cost savings.
WSJ pB2 "Merck throws Dow for a loss" by Donna Yesalavich says in the final session of the market's best month in a year, blue chip stocks fell slightly as data showed US economic growth slowed in 2Q while Merck's sales disappointed. Still, the S& P 500 index eked out a tiny advance, led by consumer firms including Home Depot and Expedia. Home Depot was the Dow's best performer, up 1.6%. McDonald's climbed 0.5% after both got a boost after the Reuters/Univ of Michigan consumer sentiment index's final reading for July ticked up.
Microsoft MSFT $25.81 -0.22 0.85% 83,058,934 NASDAQ-GS: No mentions found.
Pfizer PFE $15 -0.09 0.6% 43,993,725 NYSE: Barron's p11 "Week Preview" says Pfizer reports 2Q earnings on Tuesday 8/3 with consensus estimates of 0.52 and a year ago of 0.48, & on Wed. 8/4 American Express holds a semi-annual meeting with the financial community..
Procter & Gamble PG $61.16 -0.51 0.83% 11,850,437 NYSE: No mentions found.
3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE: No mentions found.
Travelers TRV $50.45 -0.07 0.14% 5,742,188 NYSE: No mentions found.
United Technologies UTX $71.1 -0.05 0.07% 4,702,473 NYSE: No mentions found.
Verizon VZ $29.06 +0.18 0.62% 19,080,073 Dual Listed: No mentions found.
Walmart WMT $51.19 +0.13 0.25% 13,535,627 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Richard 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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
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
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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: 7/12/10 8K re: updated on 2Q results
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.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
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 : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
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: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
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: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
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: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
Saturday, July 31, 2010
Friday, July 30, 2010
7/30/10 Fri pm Dow Closes 10,465.94 down 1.22 or 0.01%
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. 560. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
The Dow Jones Industrial Average closed Friday at 10,465.94 down 1.22 or 0.01% from Thursday's close of 10,467.16. For the week the Dow is up 41.32 or 0.04% from last Friday's close of 10,424.62. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE and percentage-wise was Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE NYSE. The biggest decliner dollar-wise was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and percentage-wise was Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Friday's Dow Jones Industrial Average closing numerator was 1,382.86 down 0.16 from Thursday's closing numerator of 1,383.02. 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 0.16 for Friday by the divisor (0.132129493) you get the decrease in Friday's Dow of 1.22. 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 Friday's Dow Jones Industrial Average was $46.10 unchanged from Thursday's Dow Jones Industrial Average average closing price of $46.10. The median closing price of Friday's Dow Jones Industrial Average was $42.39 down $0.06 from Thursday's median price of $42.39. The lowest volume was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and the highest volume again was Bank of America BAC $14.04 +0.01 0.07% 129,713,831 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $15 ($138,301 - $138,286).
MarketWatch 7/30/10 Fri. 4:31 pm by Claudia Assis, Kate Gibson, Deborah Levine says a modicum of confidence returned to markets in July, as U.S. and European stocks erased much of the losses inked in prior months and investors took heart that slow growth is better than none at all, dumping gold and the U.S. dollar in light of this more sanguine view. The recovery in stocks, oil and other hard-hit investments puts investors on a more stable footing as they head into August. Precious-metals mutual funds lost almost 9% in July as concerns about global economic woes eased. Concerns about a debt debacle in Europe galvanized Wall Street in May and June, punishing stocks and pushing gold to a string of record highs. July was kinder by far, even as solid earnings results were tarnished by concerns about the slow pace of the U.S. recovery. Such worries were reinforced Friday, when the Commerce Department reported the U.S. economy expanded at 2.4% annualized rate in the second quarter, compared to 3.7% in the previous three months. Nonetheless, the stock market, a barometer of the general mood about the economy, has recovered about half the ground lost since the end of April. Treasurys have held onto modest gains, sending yields on short-term maturities to record lows; and gold, traditionally considered a harbinger of doom, has suffered its first monthly loss in four. Markets swung widely in May and June as worries spread that high debt and deficit problems in European countries, starting with Greece, would hit European banks, curtail the region's economic growth, and cascade to the U.S. and other parts of the globe. There was even talk about whether the euro would survive the crisis. Wall Street has moved on from the global economic worries highlighted by Europe's debt trouble. The Dow Jones Industrial Average (DJIA 10,466, -1.22, -0.01%) is on pace to record its biggest month gain in a year, up 7.3% for the nearly ended July. The index, which had finished just above the 11,000 level in April, went on to lose 11% in May and June combined. The Standard & Poor's 500 Index (SPX 1,102, +0.07, +0.01%) has gained 7.2% in July, after losing 8.2% in May and then another 5.4% in June. The Nasdaq Composite Index /quotes/comstock/10y!i:comp (COMP 2,255, +3.01, +0.13%) has gained 7.1% for July, after tumbling 8.3% in May and another 6.6% in June. The Stoxx Europe 600 (ST:SXXP 255.35, -0.91, -0.36%) , a benchmark for European shares, gained 4.9% in July, rebounding from three straight months of losses. And emerging markets have also recovered, with the MSCI Barra Emerging Markets Index up about 8%, on track for its strongest gain since at least March. Still, stocks lost a bit of air as the month wound down, with the major U.S. indexes struggling to post slight gains for the final week. What's proved to be a largely positive second-quarter earnings season has been overshadowed instead by concerns surrounding the domestic recovery, with even bulls agreeing that the U.S. economy hit a rough patch in recent months. Bonds have mostly held their ground, with Treasurys of all maturities returning 0.2% in July, adding to gains of 6.1% so far this year. The current environment is just about perfect for Treasurys. Treasurys remain attractive to many investors as outlook of slow growth reduces the risk of inflation eroding the value of bonds' fixed payments. As bond prices have gained, yields have fallen. Two-year note yields (UST2YR 0.55, -0.03, -5.30%) have fallen to 0.55%, touching a fresh record low Friday, from 0.62% at the end of June and far from the high of the year, 1.18% in early April. See Bond Report for more on falling Treasury yields. Yields on 10-year notes (UST10Y 2.91, -0.08, -2.71%) , the benchmark for many consumer and corporate loans, are down slightly to 2.91% from 2.95% at the end of June. They, too, are far lower than the 3.99% reached in early April, and earlier in July they touched the lowest since April 2009. Thirty-year bonds' yields (UST30Y 3.99, -0.09, -2.21%) are 4%. That's up from 3.85% at the end of June, but still lower than levels seen in late May and the 2010 high of 4.78% in early April. The fading risk of inflation is good for bonds and consumers in general, but has been bad news for gold. The precious metal, bought by some on fears of rampant inflation, has lost nearly 6% since it hit a nominal record high of $1,258.30 an ounce on June 18. Gold lost 5% in July. Investors flocked to gold as concerns about the demise of the euro amid a European debt crisis hit fever pitch. It has suffered as those fears subsided. No sign of inflation in the horizon means that few investors but hard-core gold bugs have any incentive to pile up on gold, he added. The dollar was in a similarly hard spot in July, having lost the engine of its ascent in May and June. As concerns about the European debt crisis faded into the rearview mirror, the U.S. currency lost support from investors seeking a safe-haven from the euro. The dollar suffered a double-whammy, however, as weaker economic news kept away investors who might buy the dollar on the idea that faster U.S. growth would prompt the Federal Reserve to raise interest rates, making the dollar more attractive. But the U.S. is still better positioned to stage a full recovery quicker than euro-zone countries and Great Britain, which implemented more austere government budgets. Tempus looks for the euro to change hands at $1.23 at the end of the year, provided macroeconomic reports show an improving picture in the U.S. The euro has gained 6.8% against the dollar this month, extending its recovery after touching a 4-year low around $1.19 in early June. The dollar index (DXY 81.58, -0.06, -0.07%) , which compares the U.S. currency to a basket of six currencies, has lost 5.2% in July, and is off 7.8% from its high at the beginning of June. For the year, the euro is down 8.8% against the dollar and the dollar index is up 4.7%.
Crude-oil futures gained 4.4% in July to settle just under $79 a barrel, the most-active contract's best month since March. Oil notched losses of 14% in May, and posted a subdued gain of 2.2% in June. Oil futures held a tight correlation with U.S. stocks, as rising equities were taken as signs of improving macroeconomic conditions and future energy demand. A weaker dollar also helped oil, making the hard asset less expensive for holders of other currencies and enhancing its appeal as an alternative investment. But, as GDP numbers made plain on Friday, the macroeconomic situation is still precarious, and challenges abound. While the Europe's recent bank stress tests soothed Wall Street somewhat, the risk remains for further economic trouble in the region, despite positive economic data from the continent, in particular from Germany. July marked the return of investor willingness to take on more risk, with so-called risk currencies such as the euro and pound started to climb. Long-term challenges include still-wobbly housing and jobs markets, rising federal and state government debt, and a subdued consumer, growing more politically and personally averse to spending, which would have negative consequences on growth.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $25.94 -0.08 0.31% 25,197,588 NYSE
Alcoa AA $11.17 +0.15 1.36% 22,584,496 NYSE
Amex AXP $44.64 +0.08 0.18% 7,309,164 NYSE
Bank of Am BAC $14.04 +0.01 0.07% 129,713,831 NYSE
Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE
Caterpillar CAT $69.75 +0.35 0.5% 7,204,198 NYSE
Cisco CSCO $23.07 -0.14 0.6% 41,931,170 NASDAQ-GS
Coke KO $55.11 +0.12 0.22% 8,155,539 NYSE
Disney DIS $33.69 -0.02 0.06% 7,655,391 NYSE
DuPont DD $40.67 +0.16 0.39% 5,880,246 NYSE
Exxon XOM $59.68 -0.66 1.09% 29,215,946 NYSE
GE $16.12 -0.03 0.19% 59,944,010 NYSE
Hewlett-Packard HPQ $46.04 -0.37 0.8% 12,573,894 NYSE
Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE
Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS
IBM $128.4 +0.38 0.3% 6,002,285 NYSE
JPMorgan JPM $40.28 +0.07 0.17% 26,320,883 NYSE
Johnson & Johnson JNJ $58.09 +0.26 0.45% 12,931,124 NYSE
Kraft KFT $29.21 +0.10 0.34% 6,928,238 NYSE
McDonalds MCD $69.73 0.35 0.5% 5,745,880 NYSE
Merck MRK $34.46 +0.60 1.71% 21,623,861 NYSE
Microsoft MSFT $25.81 -0.22 0.85% 83,058,934 NASDAQ-GS
PfizerPFE $15 -0.09 0.6% 43,993,725 NYSE
Procter & Gamble PG $61.16 -0.51 0.83% 11,850,437 NYSE
3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE
Travelers TRV $50.45 -0.07 0.14% 5,742,188 NYSE
United Technologies UTX $71.1 -0.05 0.07% 4,702,473 NYSE
Verizon VZ $29.06 +0.18 0.62% 19,080,073 Dual Listed
Walmart WMT $51.19 +0.13 0.25% 13,535,627 NYSE
********************************
The following are excerpts from Fri am Blog:
A read of Friday's issues of Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Georgia) 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 Thursday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Thursday at 10,467.16 down 30.72 or 0.29% from Wednesday's close of 10,497.88. For the year the Dow is up 0.38%. Of the 30 Dow Companies: 10 gained, Johnson & Johnson was unchanged and 19 declined. The biggest gainer dollar-wise was Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE and percentage-wise was Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE and percentage-wise was Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE.
WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak state of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
NYT pB7 "A down day ahead of GDP report" by Susanna Kim says markets fell Thurs. amid lackluster economic reports & mixed earnings forecasts. Investors were also cautious as they awaited the gov's release of 2Q gross domestic product figures.
USA Today p4B "Stocks end up and down day with loss" by AP says stocks ended a choppy day with a modest loss Thurs as investors tried to reconcile another batch of conflicting economic signals.
USA Today p1B "Worries outweigh profit reports" by Matt Krant says S&P Firms are expected toa verage about 50% higher profits for 2Q.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Thursday's Dow Jones Industrial Average closing numerator was 1,383.02 down 4.06 from Wednesnday's closing numerator of 1,387.08. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 4.06 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 30.72. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $46.10 down 0.14 from Wednesday's Dow Jones Industrial Average average closing price of $46.24. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 down $0.06 from Wednesday's median price of $42.62. The lowest volume was 3M MMM $86.34 -0.35 0.4% 3,342,787 NYSE and the highest volume again was Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $407 ($138,708 -$138,301).
MarketWatch 7/29/10 Thurs. 4:54 pm by Kate Gibson says US stocks finished lower on Thursday, with disappointing corporate results and a Fed official's warning on deflation sapping some of the optimism drawn from earnings season and the market's strong gains in July. Investors also hesitated to take a decisive stance before the government releases its first take on U.S. second-quarter economic growth on Friday.
After snapping a four-day win streak Wednesday, the Dow Jones Industrial Average (DJIA 10,467, -30.72, -0.29%) fell 30.72 points, or 0.3%, to end at 10,467.16, though that was well off an earlier low of 10,387. The Dow still remains up 7% for July so far, with one trading session left in the month. Kraft Foods (KFT 29.11, -0.61, -2.05%) and Procter & Gamble (PG 61.65, -0.02, -0.03%) fell the most among Dow components, hit by disappointing results from consumer companies. Colgate (CL 78.20, +0.08, +0.10%) reported second-quarter sales that fell below analysts estimates and cut its 2010 profit view because of currency devaluation in Venezuela.
Shares of Dow component Exxon Mobil Corp. (XOM 60.34, -0.57, -0.94%) also finished lower, even after the oil giant reported a near-doubling of second-quarter income.
U.S. economic data remain soft, and while the morning's better-than-expected drop in weekly jobless claims was positive, the labor market remains "sluggish."
The market also fretted ahead of the government's reading on quarterly economic growth, due Friday morning. Analysts expect U.S. GDP slowed in the second quarter to an annual rate of 2.5% from 2.7% in the first. The S&P 500 Index (SPX 1,102, -4.60, -0.42%) dropped 4.60 points, or 0.4%, to 2,251.69. The utilities and consumer staples sectors weighed the most on the broad index, losing 1.6% and 1.1% respectively, while financials rose the most. Ameriprise Financial Inc. (AMP 42.98, +4.70, +12.28%) rallied 12%. Late Wednesday, the investment manager reported a near-tripling of profit in the second quarter. Among the S&P 500's more noteworthy movers, shares of Citrix Systems Inc. (CTXS 56.62, -0.05, -0.09%) surged nearly 20% after the provider of software and equipment for computer business systems late Wednesday projected a stronger-than-expected quarter and year. Bond markets have been considered a better predictor of the future than equities. Given the different signals bonds and equities are giving about the economy's prospects, that might be important now. But bond investors have been known to get things drastically wrong, as they did in 2007. On the downside, Akamai Technologies Inc.(AKAM 38.25, -0.10, -0.26%) shares fell nearly 13% after the provider of services to online entertainment companies offered a disappointing outlook. Akamai shares had climbed more than 30% in the past three months on the belief that it would profit from demand for online media. The Nasdaq Composite Index (COMP 2,252, -12.87, -0.57%) shed 12.87 points to 2,251.69. Advancers edged past decliners by an 8-7 ratio on the New York Stock Exchange, where nearly 1.2 billion shares traded. Federal Reserve Bank of St. Louis President James Bullard warned against a Japanese-style deflationary trap stemming from the central bank's extended period of low interest rates in a paper released Thursday. Ahead of Wall Street's start, stock futures added slightly to their earnings-inspired rise after the government said initial claims for unemployment benefits fell modestly, with the count slightly better than analysts had projected.
AT&T T $26.02 -0.18 0.69% 32,618,326 NYSE: No mentions found.
Alcoa AA $11.02 -0.02 0.18% 14,412,637 NYSE: No mentions found.
Amex AXP $44.56 -0.02 0.04% 7,121,819 NYSE: No mentions found.
Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Boeing BA $67.22 -0.10 0.15% 4,458,827 NYSE: No mentions found.
Caterpillar CAT $69.4- 0.32 0.46% 7,670,192 NYSE: No mentions found.
Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Cisco CSCO $23.21 -0.18 0.77% 37,486,587 NASDAQ-GS: WSJ pC4 "Trades taht caused Cisco halt to stand" by Donna Yesalavich says after trading was haled in Cisco for 5 minutes thurs due to a single stock circuit breaker, NYSE Amex said it would let the trades that had triggered the halt stand.
Coke KO $54.99 +0.11 0.2% 9,157,253 NYSE: WSJ pC12 "Coke's lucky Chinese escape" by Andrew Peaple says Coke was blocked 2 years ago from bying for $2.4 bil Cina Huiyuan Juice Group by China regulators and now it was sold for much less.
Disney DIS $33.71 -0.33 0.97% 9,946,009 NYSE: No mentions found.
DuPont DD $40.51 +0.24 0.6% 7,779,198 NYSE: No mentions found.
Exxon XOM $60.34 -0.57 0.94% 33,748,477 NYSE: WSj pB3 "Refining business lifts Exxon's profit" by Isabel Ordonex says Exxn's 2Q earnings jumped 91%, helped by higher commodities prices & a surge in refining profits and production. Chevron is expected to post higher earnings Friday. Exxon, the world's biggest oil firm not under state control,, had a profit of $7.56 bil or $1.60 a share, up from $3.95 bil or 81 cents a year earlier. Rev rose 24% to $92.48 bil.
GE $16.15 +0.10 0.62% 69,882,643 NYSE: No mentions found.
Hewlett-Packard HPQ $46.41 -0.72 1.53% 17,446,142 NYSE: No mentions found.
Home Depot HD $28.05- 0.03 0.11% 15,504,575 NYSE: Daily Report "Home Depot sex harassment case is settled" by Alyson Palmer says Home Depot settled a closely watched case in which 2 male employees claimed a male manager made inappropriate sexual overtures to them.
Intel INTC $21.03 -0.30 1.41% 83,805,473 NASDAQ-GS: WSJ pB3 "Intel Wins Ruling" by Don Clark says Ingtel was a rulng in a suit against it on behalf of computer buyers, which found no evidence that consumers have been hurt by is discounting pracgtices in the market for computer chips. Suit was in Del.
WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
IBM $128.02 -0.41 0.32% 8,995,857 NYSE: No mentions found.
JPMorgan JPM $40.21 -0.11 0.27% 29,007,162 NYSE: No mentions found.
Johnson & John JNJ $57.83 unch unch 13,027,728 NYSE: No mentions found.
Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
McDonalds MCD $69.38 -0.39 0.56% 5,131,607 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Microsoft MSFT $26.03 +0.08 0.31% 69,444,188 NASDAQ-GS: WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
Pfizer PFE $15.09 +0.09 0.6% 58,525,437 NYSE: No mentions found.
Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
MMM $86.34 -0.35 0.4% 3,342,787 NYSE: No mentions found.
Travelers TRV $50.52 +0.23 0.46% 6,838,408 NYSE: No mentions found.
United Tech UTX $71.15 +0.04 0.06% 5,163,334 NYSE: No mentions found.
Verizon VZ $28.88 -0.03 0.1% 24,226,601 Dual Listed: WSJ pB1 "Droid sales drive Motorola" by Roger cheng says Motorola's profits increased partly due to the Google based Droid. Its follow up device, Droid X, launched July 15, after the quarter ended. The Droid X has been positioned as Verizon Wireless's next hot phone, yet it has been back ordered until Aug.
Walmart WMT $51.06 -0.07 0.14% 9,627,370 NYSE: WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
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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 Richard 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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
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
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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: 7/12/10 8K re: updated on 2Q results
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.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
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 : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
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: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
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: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
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: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
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. 560. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
The Dow Jones Industrial Average closed Friday at 10,465.94 down 1.22 or 0.01% from Thursday's close of 10,467.16. For the week the Dow is up 41.32 or 0.04% from last Friday's close of 10,424.62. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE and percentage-wise was Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE NYSE. The biggest decliner dollar-wise was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and percentage-wise was Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Friday's Dow Jones Industrial Average closing numerator was 1,382.86 down 0.16 from Thursday's closing numerator of 1,383.02. 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 0.16 for Friday by the divisor (0.132129493) you get the decrease in Friday's Dow of 1.22. 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 Friday's Dow Jones Industrial Average was $46.10 unchanged from Thursday's Dow Jones Industrial Average average closing price of $46.10. The median closing price of Friday's Dow Jones Industrial Average was $42.39 down $0.06 from Thursday's median price of $42.39. The lowest volume was 3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE and the highest volume again was Bank of America BAC $14.04 +0.01 0.07% 129,713,831 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $15 ($138,301 - $138,286).
MarketWatch 7/30/10 Fri. 4:31 pm by Claudia Assis, Kate Gibson, Deborah Levine says a modicum of confidence returned to markets in July, as U.S. and European stocks erased much of the losses inked in prior months and investors took heart that slow growth is better than none at all, dumping gold and the U.S. dollar in light of this more sanguine view. The recovery in stocks, oil and other hard-hit investments puts investors on a more stable footing as they head into August. Precious-metals mutual funds lost almost 9% in July as concerns about global economic woes eased. Concerns about a debt debacle in Europe galvanized Wall Street in May and June, punishing stocks and pushing gold to a string of record highs. July was kinder by far, even as solid earnings results were tarnished by concerns about the slow pace of the U.S. recovery. Such worries were reinforced Friday, when the Commerce Department reported the U.S. economy expanded at 2.4% annualized rate in the second quarter, compared to 3.7% in the previous three months. Nonetheless, the stock market, a barometer of the general mood about the economy, has recovered about half the ground lost since the end of April. Treasurys have held onto modest gains, sending yields on short-term maturities to record lows; and gold, traditionally considered a harbinger of doom, has suffered its first monthly loss in four. Markets swung widely in May and June as worries spread that high debt and deficit problems in European countries, starting with Greece, would hit European banks, curtail the region's economic growth, and cascade to the U.S. and other parts of the globe. There was even talk about whether the euro would survive the crisis. Wall Street has moved on from the global economic worries highlighted by Europe's debt trouble. The Dow Jones Industrial Average (DJIA 10,466, -1.22, -0.01%) is on pace to record its biggest month gain in a year, up 7.3% for the nearly ended July. The index, which had finished just above the 11,000 level in April, went on to lose 11% in May and June combined. The Standard & Poor's 500 Index (SPX 1,102, +0.07, +0.01%) has gained 7.2% in July, after losing 8.2% in May and then another 5.4% in June. The Nasdaq Composite Index /quotes/comstock/10y!i:comp (COMP 2,255, +3.01, +0.13%) has gained 7.1% for July, after tumbling 8.3% in May and another 6.6% in June. The Stoxx Europe 600 (ST:SXXP 255.35, -0.91, -0.36%) , a benchmark for European shares, gained 4.9% in July, rebounding from three straight months of losses. And emerging markets have also recovered, with the MSCI Barra Emerging Markets Index up about 8%, on track for its strongest gain since at least March. Still, stocks lost a bit of air as the month wound down, with the major U.S. indexes struggling to post slight gains for the final week. What's proved to be a largely positive second-quarter earnings season has been overshadowed instead by concerns surrounding the domestic recovery, with even bulls agreeing that the U.S. economy hit a rough patch in recent months. Bonds have mostly held their ground, with Treasurys of all maturities returning 0.2% in July, adding to gains of 6.1% so far this year. The current environment is just about perfect for Treasurys. Treasurys remain attractive to many investors as outlook of slow growth reduces the risk of inflation eroding the value of bonds' fixed payments. As bond prices have gained, yields have fallen. Two-year note yields (UST2YR 0.55, -0.03, -5.30%) have fallen to 0.55%, touching a fresh record low Friday, from 0.62% at the end of June and far from the high of the year, 1.18% in early April. See Bond Report for more on falling Treasury yields. Yields on 10-year notes (UST10Y 2.91, -0.08, -2.71%) , the benchmark for many consumer and corporate loans, are down slightly to 2.91% from 2.95% at the end of June. They, too, are far lower than the 3.99% reached in early April, and earlier in July they touched the lowest since April 2009. Thirty-year bonds' yields (UST30Y 3.99, -0.09, -2.21%) are 4%. That's up from 3.85% at the end of June, but still lower than levels seen in late May and the 2010 high of 4.78% in early April. The fading risk of inflation is good for bonds and consumers in general, but has been bad news for gold. The precious metal, bought by some on fears of rampant inflation, has lost nearly 6% since it hit a nominal record high of $1,258.30 an ounce on June 18. Gold lost 5% in July. Investors flocked to gold as concerns about the demise of the euro amid a European debt crisis hit fever pitch. It has suffered as those fears subsided. No sign of inflation in the horizon means that few investors but hard-core gold bugs have any incentive to pile up on gold, he added. The dollar was in a similarly hard spot in July, having lost the engine of its ascent in May and June. As concerns about the European debt crisis faded into the rearview mirror, the U.S. currency lost support from investors seeking a safe-haven from the euro. The dollar suffered a double-whammy, however, as weaker economic news kept away investors who might buy the dollar on the idea that faster U.S. growth would prompt the Federal Reserve to raise interest rates, making the dollar more attractive. But the U.S. is still better positioned to stage a full recovery quicker than euro-zone countries and Great Britain, which implemented more austere government budgets. Tempus looks for the euro to change hands at $1.23 at the end of the year, provided macroeconomic reports show an improving picture in the U.S. The euro has gained 6.8% against the dollar this month, extending its recovery after touching a 4-year low around $1.19 in early June. The dollar index (DXY 81.58, -0.06, -0.07%) , which compares the U.S. currency to a basket of six currencies, has lost 5.2% in July, and is off 7.8% from its high at the beginning of June. For the year, the euro is down 8.8% against the dollar and the dollar index is up 4.7%.
Crude-oil futures gained 4.4% in July to settle just under $79 a barrel, the most-active contract's best month since March. Oil notched losses of 14% in May, and posted a subdued gain of 2.2% in June. Oil futures held a tight correlation with U.S. stocks, as rising equities were taken as signs of improving macroeconomic conditions and future energy demand. A weaker dollar also helped oil, making the hard asset less expensive for holders of other currencies and enhancing its appeal as an alternative investment. But, as GDP numbers made plain on Friday, the macroeconomic situation is still precarious, and challenges abound. While the Europe's recent bank stress tests soothed Wall Street somewhat, the risk remains for further economic trouble in the region, despite positive economic data from the continent, in particular from Germany. July marked the return of investor willingness to take on more risk, with so-called risk currencies such as the euro and pound started to climb. Long-term challenges include still-wobbly housing and jobs markets, rising federal and state government debt, and a subdued consumer, growing more politically and personally averse to spending, which would have negative consequences on growth.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $25.94 -0.08 0.31% 25,197,588 NYSE
Alcoa AA $11.17 +0.15 1.36% 22,584,496 NYSE
Amex AXP $44.64 +0.08 0.18% 7,309,164 NYSE
Bank of Am BAC $14.04 +0.01 0.07% 129,713,831 NYSE
Boeing BA $68.14 +0.92 1.37% 6,008,869 NYSE
Caterpillar CAT $69.75 +0.35 0.5% 7,204,198 NYSE
Cisco CSCO $23.07 -0.14 0.6% 41,931,170 NASDAQ-GS
Coke KO $55.11 +0.12 0.22% 8,155,539 NYSE
Disney DIS $33.69 -0.02 0.06% 7,655,391 NYSE
DuPont DD $40.67 +0.16 0.39% 5,880,246 NYSE
Exxon XOM $59.68 -0.66 1.09% 29,215,946 NYSE
GE $16.12 -0.03 0.19% 59,944,010 NYSE
Hewlett-Packard HPQ $46.04 -0.37 0.8% 12,573,894 NYSE
Home Depot HD $28.51 +0.46 1.64% 14,793,828 NYSE
Intel INTC $20.6 -0.43 2.04% 67,166,258 NASDAQ-GS
IBM $128.4 +0.38 0.3% 6,002,285 NYSE
JPMorgan JPM $40.28 +0.07 0.17% 26,320,883 NYSE
Johnson & Johnson JNJ $58.09 +0.26 0.45% 12,931,124 NYSE
Kraft KFT $29.21 +0.10 0.34% 6,928,238 NYSE
McDonalds MCD $69.73 0.35 0.5% 5,745,880 NYSE
Merck MRK $34.46 +0.60 1.71% 21,623,861 NYSE
Microsoft MSFT $25.81 -0.22 0.85% 83,058,934 NASDAQ-GS
PfizerPFE $15 -0.09 0.6% 43,993,725 NYSE
Procter & Gamble PG $61.16 -0.51 0.83% 11,850,437 NYSE
3M MMM $85.54 -0.80 0.93% 4,601,184 NYSE
Travelers TRV $50.45 -0.07 0.14% 5,742,188 NYSE
United Technologies UTX $71.1 -0.05 0.07% 4,702,473 NYSE
Verizon VZ $29.06 +0.18 0.62% 19,080,073 Dual Listed
Walmart WMT $51.19 +0.13 0.25% 13,535,627 NYSE
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The following are excerpts from Fri am Blog:
A read of Friday's issues of Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Georgia) 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 Thursday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Thursday at 10,467.16 down 30.72 or 0.29% from Wednesday's close of 10,497.88. For the year the Dow is up 0.38%. Of the 30 Dow Companies: 10 gained, Johnson & Johnson was unchanged and 19 declined. The biggest gainer dollar-wise was Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE and percentage-wise was Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE and percentage-wise was Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE.
WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak state of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
NYT pB7 "A down day ahead of GDP report" by Susanna Kim says markets fell Thurs. amid lackluster economic reports & mixed earnings forecasts. Investors were also cautious as they awaited the gov's release of 2Q gross domestic product figures.
USA Today p4B "Stocks end up and down day with loss" by AP says stocks ended a choppy day with a modest loss Thurs as investors tried to reconcile another batch of conflicting economic signals.
USA Today p1B "Worries outweigh profit reports" by Matt Krant says S&P Firms are expected toa verage about 50% higher profits for 2Q.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Thursday's Dow Jones Industrial Average closing numerator was 1,383.02 down 4.06 from Wednesnday's closing numerator of 1,387.08. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 4.06 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 30.72. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $46.10 down 0.14 from Wednesday's Dow Jones Industrial Average average closing price of $46.24. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 down $0.06 from Wednesday's median price of $42.62. The lowest volume was 3M MMM $86.34 -0.35 0.4% 3,342,787 NYSE and the highest volume again was Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $407 ($138,708 -$138,301).
MarketWatch 7/29/10 Thurs. 4:54 pm by Kate Gibson says US stocks finished lower on Thursday, with disappointing corporate results and a Fed official's warning on deflation sapping some of the optimism drawn from earnings season and the market's strong gains in July. Investors also hesitated to take a decisive stance before the government releases its first take on U.S. second-quarter economic growth on Friday.
After snapping a four-day win streak Wednesday, the Dow Jones Industrial Average (DJIA 10,467, -30.72, -0.29%) fell 30.72 points, or 0.3%, to end at 10,467.16, though that was well off an earlier low of 10,387. The Dow still remains up 7% for July so far, with one trading session left in the month. Kraft Foods (KFT 29.11, -0.61, -2.05%) and Procter & Gamble (PG 61.65, -0.02, -0.03%) fell the most among Dow components, hit by disappointing results from consumer companies. Colgate (CL 78.20, +0.08, +0.10%) reported second-quarter sales that fell below analysts estimates and cut its 2010 profit view because of currency devaluation in Venezuela.
Shares of Dow component Exxon Mobil Corp. (XOM 60.34, -0.57, -0.94%) also finished lower, even after the oil giant reported a near-doubling of second-quarter income.
U.S. economic data remain soft, and while the morning's better-than-expected drop in weekly jobless claims was positive, the labor market remains "sluggish."
The market also fretted ahead of the government's reading on quarterly economic growth, due Friday morning. Analysts expect U.S. GDP slowed in the second quarter to an annual rate of 2.5% from 2.7% in the first. The S&P 500 Index (SPX 1,102, -4.60, -0.42%) dropped 4.60 points, or 0.4%, to 2,251.69. The utilities and consumer staples sectors weighed the most on the broad index, losing 1.6% and 1.1% respectively, while financials rose the most. Ameriprise Financial Inc. (AMP 42.98, +4.70, +12.28%) rallied 12%. Late Wednesday, the investment manager reported a near-tripling of profit in the second quarter. Among the S&P 500's more noteworthy movers, shares of Citrix Systems Inc. (CTXS 56.62, -0.05, -0.09%) surged nearly 20% after the provider of software and equipment for computer business systems late Wednesday projected a stronger-than-expected quarter and year. Bond markets have been considered a better predictor of the future than equities. Given the different signals bonds and equities are giving about the economy's prospects, that might be important now. But bond investors have been known to get things drastically wrong, as they did in 2007. On the downside, Akamai Technologies Inc.(AKAM 38.25, -0.10, -0.26%) shares fell nearly 13% after the provider of services to online entertainment companies offered a disappointing outlook. Akamai shares had climbed more than 30% in the past three months on the belief that it would profit from demand for online media. The Nasdaq Composite Index (COMP 2,252, -12.87, -0.57%) shed 12.87 points to 2,251.69. Advancers edged past decliners by an 8-7 ratio on the New York Stock Exchange, where nearly 1.2 billion shares traded. Federal Reserve Bank of St. Louis President James Bullard warned against a Japanese-style deflationary trap stemming from the central bank's extended period of low interest rates in a paper released Thursday. Ahead of Wall Street's start, stock futures added slightly to their earnings-inspired rise after the government said initial claims for unemployment benefits fell modestly, with the count slightly better than analysts had projected.
AT&T T $26.02 -0.18 0.69% 32,618,326 NYSE: No mentions found.
Alcoa AA $11.02 -0.02 0.18% 14,412,637 NYSE: No mentions found.
Amex AXP $44.56 -0.02 0.04% 7,121,819 NYSE: No mentions found.
Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Boeing BA $67.22 -0.10 0.15% 4,458,827 NYSE: No mentions found.
Caterpillar CAT $69.4- 0.32 0.46% 7,670,192 NYSE: No mentions found.
Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Cisco CSCO $23.21 -0.18 0.77% 37,486,587 NASDAQ-GS: WSJ pC4 "Trades taht caused Cisco halt to stand" by Donna Yesalavich says after trading was haled in Cisco for 5 minutes thurs due to a single stock circuit breaker, NYSE Amex said it would let the trades that had triggered the halt stand.
Coke KO $54.99 +0.11 0.2% 9,157,253 NYSE: WSJ pC12 "Coke's lucky Chinese escape" by Andrew Peaple says Coke was blocked 2 years ago from bying for $2.4 bil Cina Huiyuan Juice Group by China regulators and now it was sold for much less.
Disney DIS $33.71 -0.33 0.97% 9,946,009 NYSE: No mentions found.
DuPont DD $40.51 +0.24 0.6% 7,779,198 NYSE: No mentions found.
Exxon XOM $60.34 -0.57 0.94% 33,748,477 NYSE: WSj pB3 "Refining business lifts Exxon's profit" by Isabel Ordonex says Exxn's 2Q earnings jumped 91%, helped by higher commodities prices & a surge in refining profits and production. Chevron is expected to post higher earnings Friday. Exxon, the world's biggest oil firm not under state control,, had a profit of $7.56 bil or $1.60 a share, up from $3.95 bil or 81 cents a year earlier. Rev rose 24% to $92.48 bil.
GE $16.15 +0.10 0.62% 69,882,643 NYSE: No mentions found.
Hewlett-Packard HPQ $46.41 -0.72 1.53% 17,446,142 NYSE: No mentions found.
Home Depot HD $28.05- 0.03 0.11% 15,504,575 NYSE: Daily Report "Home Depot sex harassment case is settled" by Alyson Palmer says Home Depot settled a closely watched case in which 2 male employees claimed a male manager made inappropriate sexual overtures to them.
Intel INTC $21.03 -0.30 1.41% 83,805,473 NASDAQ-GS: WSJ pB3 "Intel Wins Ruling" by Don Clark says Ingtel was a rulng in a suit against it on behalf of computer buyers, which found no evidence that consumers have been hurt by is discounting pracgtices in the market for computer chips. Suit was in Del.
WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
IBM $128.02 -0.41 0.32% 8,995,857 NYSE: No mentions found.
JPMorgan JPM $40.21 -0.11 0.27% 29,007,162 NYSE: No mentions found.
Johnson & John JNJ $57.83 unch unch 13,027,728 NYSE: No mentions found.
Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
McDonalds MCD $69.38 -0.39 0.56% 5,131,607 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Microsoft MSFT $26.03 +0.08 0.31% 69,444,188 NASDAQ-GS: WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
Pfizer PFE $15.09 +0.09 0.6% 58,525,437 NYSE: No mentions found.
Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
MMM $86.34 -0.35 0.4% 3,342,787 NYSE: No mentions found.
Travelers TRV $50.52 +0.23 0.46% 6,838,408 NYSE: No mentions found.
United Tech UTX $71.15 +0.04 0.06% 5,163,334 NYSE: No mentions found.
Verizon VZ $28.88 -0.03 0.1% 24,226,601 Dual Listed: WSJ pB1 "Droid sales drive Motorola" by Roger cheng says Motorola's profits increased partly due to the Google based Droid. Its follow up device, Droid X, launched July 15, after the quarter ended. The Droid X has been positioned as Verizon Wireless's next hot phone, yet it has been back ordered until Aug.
Walmart WMT $51.06 -0.07 0.14% 9,627,370 NYSE: WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
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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 Richard 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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
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
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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: 7/12/10 8K re: updated on 2Q results
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.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
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 : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
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: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
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: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
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: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
7/30/10 Fri. am Exxon Reports Strong 2Q; Merck & Chevron Report Earnings this Morning
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Post No. 559. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
A read of Friday's issues of Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Georgia) 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 Thursday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Thursday at 10,467.16 down 30.72 or 0.29% from Wednesday's close of 10,497.88. For the year the Dow is up 0.38%. Of the 30 Dow Companies: 10 gained, Johnson & Johnson was unchanged and 19 declined. The biggest gainer dollar-wise was Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE and percentage-wise was Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE and percentage-wise was Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE.
WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak state of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
NYT pB7 "A down day ahead of GDP report" by Susanna Kim says markets fell Thurs. amid lackluster economic reports & mixed earnings forecasts. Investors were also cautious as they awaited the gov's release of 2Q gross domestic product figures.
USA Today p4B "Stocks end up and down day with loss" by AP says stocks ended a choppy day with a modest loss Thurs as investors tried to reconcile another batch of conflicting economic signals.
USA Today p1B "Worries outweigh profit reports" by Matt Krant says S&P Firms are expected toa verage about 50% higher profits for 2Q.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Thursday's Dow Jones Industrial Average closing numerator was 1,383.02 down 4.06 from Wednesnday's closing numerator of 1,387.08. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 4.06 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 30.72. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $46.10 down 0.14 from Wednesday's Dow Jones Industrial Average average closing price of $46.24. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 down $0.06 from Wednesday's median price of $42.62. The lowest volume was 3M MMM $86.34 -0.35 0.4% 3,342,787 NYSE and the highest volume again was Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $407 ($138,708 -$138,301).
MarketWatch 7/29/10 Thurs. 4:54 pm by Kate Gibson says US stocks finished lower on Thursday, with disappointing corporate results and a Fed official's warning on deflation sapping some of the optimism drawn from earnings season and the market's strong gains in July. Investors also hesitated to take a decisive stance before the government releases its first take on U.S. second-quarter economic growth on Friday.
After snapping a four-day win streak Wednesday, the Dow Jones Industrial Average (DJIA 10,467, -30.72, -0.29%) fell 30.72 points, or 0.3%, to end at 10,467.16, though that was well off an earlier low of 10,387. The Dow still remains up 7% for July so far, with one trading session left in the month. Kraft Foods (KFT 29.11, -0.61, -2.05%) and Procter & Gamble (PG 61.65, -0.02, -0.03%) fell the most among Dow components, hit by disappointing results from consumer companies. Colgate (CL 78.20, +0.08, +0.10%) reported second-quarter sales that fell below analysts estimates and cut its 2010 profit view because of currency devaluation in Venezuela.
Shares of Dow component Exxon Mobil Corp. (XOM 60.34, -0.57, -0.94%) also finished lower, even after the oil giant reported a near-doubling of second-quarter income.
U.S. economic data remain soft, and while the morning's better-than-expected drop in weekly jobless claims was positive, the labor market remains "sluggish."
The market also fretted ahead of the government's reading on quarterly economic growth, due Friday morning. Analysts expect U.S. GDP slowed in the second quarter to an annual rate of 2.5% from 2.7% in the first. The S&P 500 Index (SPX 1,102, -4.60, -0.42%) dropped 4.60 points, or 0.4%, to 2,251.69. The utilities and consumer staples sectors weighed the most on the broad index, losing 1.6% and 1.1% respectively, while financials rose the most. Ameriprise Financial Inc. (AMP 42.98, +4.70, +12.28%) rallied 12%. Late Wednesday, the investment manager reported a near-tripling of profit in the second quarter. Among the S&P 500's more noteworthy movers, shares of Citrix Systems Inc. (CTXS 56.62, -0.05, -0.09%) surged nearly 20% after the provider of software and equipment for computer business systems late Wednesday projected a stronger-than-expected quarter and year. Bond markets have been considered a better predictor of the future than equities. Given the different signals bonds and equities are giving about the economy's prospects, that might be important now. But bond investors have been known to get things drastically wrong, as they did in 2007. On the downside, Akamai Technologies Inc.(AKAM 38.25, -0.10, -0.26%) shares fell nearly 13% after the provider of services to online entertainment companies offered a disappointing outlook. Akamai shares had climbed more than 30% in the past three months on the belief that it would profit from demand for online media. The Nasdaq Composite Index (COMP 2,252, -12.87, -0.57%) shed 12.87 points to 2,251.69. Advancers edged past decliners by an 8-7 ratio on the New York Stock Exchange, where nearly 1.2 billion shares traded. Federal Reserve Bank of St. Louis President James Bullard warned against a Japanese-style deflationary trap stemming from the central bank's extended period of low interest rates in a paper released Thursday. Ahead of Wall Street's start, stock futures added slightly to their earnings-inspired rise after the government said initial claims for unemployment benefits fell modestly, with the count slightly better than analysts had projected.
AT&T T $26.02 -0.18 0.69% 32,618,326 NYSE: No mentions found.
Alcoa AA $11.02 -0.02 0.18% 14,412,637 NYSE: No mentions found.
Amex AXP $44.56 -0.02 0.04% 7,121,819 NYSE: No mentions found.
Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Boeing BA $67.22 -0.10 0.15% 4,458,827 NYSE: No mentions found.
Caterpillar CAT $69.4- 0.32 0.46% 7,670,192 NYSE: No mentions found.
Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Cisco CSCO $23.21 -0.18 0.77% 37,486,587 NASDAQ-GS: WSJ pC4 "Trades taht caused Cisco halt to stand" by Donna Yesalavich says after trading was haled in Cisco for 5 minutes thurs due to a single stock circuit breaker, NYSE Amex said it would let the trades that had triggered the halt stand.
Coke KO $54.99 +0.11 0.2% 9,157,253 NYSE: WSJ pC12 "Coke's lucky Chinese escape" by Andrew Peaple says Coke was blocked 2 years ago from bying for $2.4 bil Cina Huiyuan Juice Group by China regulators and now it was sold for much less.
Disney DIS $33.71 -0.33 0.97% 9,946,009 NYSE: No mentions found.
DuPont DD $40.51 +0.24 0.6% 7,779,198 NYSE: No mentions found.
Exxon XOM $60.34 -0.57 0.94% 33,748,477 NYSE: WSj pB3 "Refining business lifts Exxon's profit" by Isabel Ordonex says Exxn's 2Q earnings jumped 91%, helped by higher commodities prices & a surge in refining profits and production. Chevron is expected to post higher earnings Friday. Exxon, the world's biggest oil firm not under state control,, had a profit of $7.56 bil or $1.60 a share, up from $3.95 bil or 81 cents a year earlier. Rev rose 24% to $92.48 bil.
GE $16.15 +0.10 0.62% 69,882,643 NYSE: No mentions found.
Hewlett-Packard HPQ $46.41 -0.72 1.53% 17,446,142 NYSE: No mentions found.
Home Depot HD $28.05- 0.03 0.11% 15,504,575 NYSE: Daily Report "Home Depot sex harassment case is settled" by Alyson Palmer says Home Depot settled a closely watched case in which 2 male employees claimed a male manager made inappropriate sexual overtures to them.
Intel INTC $21.03 -0.30 1.41% 83,805,473 NASDAQ-GS: WSJ pB3 "Intel Wins Ruling" by Don Clark says Ingtel was a rulng in a suit against it on behalf of computer buyers, which found no evidence that consumers have been hurt by is discounting pracgtices in the market for computer chips. Suit was in Del.
WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
IBM $128.02 -0.41 0.32% 8,995,857 NYSE: No mentions found.
JPMorgan JPM $40.21 -0.11 0.27% 29,007,162 NYSE: No mentions found.
Johnson & John JNJ $57.83 unch unch 13,027,728 NYSE: No mentions found.
Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
McDonalds MCD $69.38 -0.39 0.56% 5,131,607 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Microsoft MSFT $26.03 +0.08 0.31% 69,444,188 NASDAQ-GS: WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
Pfizer PFE $15.09 +0.09 0.6% 58,525,437 NYSE: No mentions found.
Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
MMM $86.34 -0.35 0.4% 3,342,787 NYSE: No mentions found.
Travelers TRV $50.52 +0.23 0.46% 6,838,408 NYSE: No mentions found.
United Tech UTX $71.15 +0.04 0.06% 5,163,334 NYSE: No mentions found.
Verizon VZ $28.88 -0.03 0.1% 24,226,601 Dual Listed: WSJ pB1 "Droid sales drive Motorola" by Roger cheng says Motorola's profits increased partly due to the Google based Droid. Its follow up device, Droid X, launched July 15, after the quarter ended. The Droid X has been positioned as Verizon Wireless's next hot phone, yet it has been back ordered until Aug.
Walmart WMT $51.06 -0.07 0.14% 9,627,370 NYSE: WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
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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 Richard 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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
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
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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: 7/12/10 8K re: updated on 2Q results
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.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
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 : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
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: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
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: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
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: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
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Post No. 559. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
A read of Friday's issues of Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Georgia) 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 Thursday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Thursday at 10,467.16 down 30.72 or 0.29% from Wednesday's close of 10,497.88. For the year the Dow is up 0.38%. Of the 30 Dow Companies: 10 gained, Johnson & Johnson was unchanged and 19 declined. The biggest gainer dollar-wise was Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE and percentage-wise was Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE and percentage-wise was Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE.
WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak state of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
NYT pB7 "A down day ahead of GDP report" by Susanna Kim says markets fell Thurs. amid lackluster economic reports & mixed earnings forecasts. Investors were also cautious as they awaited the gov's release of 2Q gross domestic product figures.
USA Today p4B "Stocks end up and down day with loss" by AP says stocks ended a choppy day with a modest loss Thurs as investors tried to reconcile another batch of conflicting economic signals.
USA Today p1B "Worries outweigh profit reports" by Matt Krant says S&P Firms are expected toa verage about 50% higher profits for 2Q.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.38 down from Thursday's 14.70 (year ago it was 14.38) the P/E estimate is 12.59 unchanged from Thursday's 12.59 (year ago it was 14.34) and the current dividend yield is 2.66 up from Thursday's 2.65 (it was 3.14 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.
Thursday's Dow Jones Industrial Average closing numerator was 1,383.02 down 4.06 from Wednesnday's closing numerator of 1,387.08. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 4.06 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 30.72. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $46.10 down 0.14 from Wednesday's Dow Jones Industrial Average average closing price of $46.24. The median closing price of Thursday's Dow Jones Industrial Average was $42.39 down $0.06 from Wednesday's median price of $42.62. The lowest volume was 3M MMM $86.34 -0.35 0.4% 3,342,787 NYSE and the highest volume again was Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $407 ($138,708 -$138,301).
MarketWatch 7/29/10 Thurs. 4:54 pm by Kate Gibson says US stocks finished lower on Thursday, with disappointing corporate results and a Fed official's warning on deflation sapping some of the optimism drawn from earnings season and the market's strong gains in July. Investors also hesitated to take a decisive stance before the government releases its first take on U.S. second-quarter economic growth on Friday.
After snapping a four-day win streak Wednesday, the Dow Jones Industrial Average (DJIA 10,467, -30.72, -0.29%) fell 30.72 points, or 0.3%, to end at 10,467.16, though that was well off an earlier low of 10,387. The Dow still remains up 7% for July so far, with one trading session left in the month. Kraft Foods (KFT 29.11, -0.61, -2.05%) and Procter & Gamble (PG 61.65, -0.02, -0.03%) fell the most among Dow components, hit by disappointing results from consumer companies. Colgate (CL 78.20, +0.08, +0.10%) reported second-quarter sales that fell below analysts estimates and cut its 2010 profit view because of currency devaluation in Venezuela.
Shares of Dow component Exxon Mobil Corp. (XOM 60.34, -0.57, -0.94%) also finished lower, even after the oil giant reported a near-doubling of second-quarter income.
U.S. economic data remain soft, and while the morning's better-than-expected drop in weekly jobless claims was positive, the labor market remains "sluggish."
The market also fretted ahead of the government's reading on quarterly economic growth, due Friday morning. Analysts expect U.S. GDP slowed in the second quarter to an annual rate of 2.5% from 2.7% in the first. The S&P 500 Index (SPX 1,102, -4.60, -0.42%) dropped 4.60 points, or 0.4%, to 2,251.69. The utilities and consumer staples sectors weighed the most on the broad index, losing 1.6% and 1.1% respectively, while financials rose the most. Ameriprise Financial Inc. (AMP 42.98, +4.70, +12.28%) rallied 12%. Late Wednesday, the investment manager reported a near-tripling of profit in the second quarter. Among the S&P 500's more noteworthy movers, shares of Citrix Systems Inc. (CTXS 56.62, -0.05, -0.09%) surged nearly 20% after the provider of software and equipment for computer business systems late Wednesday projected a stronger-than-expected quarter and year. Bond markets have been considered a better predictor of the future than equities. Given the different signals bonds and equities are giving about the economy's prospects, that might be important now. But bond investors have been known to get things drastically wrong, as they did in 2007. On the downside, Akamai Technologies Inc.(AKAM 38.25, -0.10, -0.26%) shares fell nearly 13% after the provider of services to online entertainment companies offered a disappointing outlook. Akamai shares had climbed more than 30% in the past three months on the belief that it would profit from demand for online media. The Nasdaq Composite Index (COMP 2,252, -12.87, -0.57%) shed 12.87 points to 2,251.69. Advancers edged past decliners by an 8-7 ratio on the New York Stock Exchange, where nearly 1.2 billion shares traded. Federal Reserve Bank of St. Louis President James Bullard warned against a Japanese-style deflationary trap stemming from the central bank's extended period of low interest rates in a paper released Thursday. Ahead of Wall Street's start, stock futures added slightly to their earnings-inspired rise after the government said initial claims for unemployment benefits fell modestly, with the count slightly better than analysts had projected.
AT&T T $26.02 -0.18 0.69% 32,618,326 NYSE: No mentions found.
Alcoa AA $11.02 -0.02 0.18% 14,412,637 NYSE: No mentions found.
Amex AXP $44.56 -0.02 0.04% 7,121,819 NYSE: No mentions found.
Bank of America BAC $14.03 +0.04 0.29% 124,797,550 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Boeing BA $67.22 -0.10 0.15% 4,458,827 NYSE: No mentions found.
Caterpillar CAT $69.4- 0.32 0.46% 7,670,192 NYSE: No mentions found.
Chevron CVX $76.02 +0.46 0.61% 13,343,894 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Cisco CSCO $23.21 -0.18 0.77% 37,486,587 NASDAQ-GS: WSJ pC4 "Trades taht caused Cisco halt to stand" by Donna Yesalavich says after trading was haled in Cisco for 5 minutes thurs due to a single stock circuit breaker, NYSE Amex said it would let the trades that had triggered the halt stand.
Coke KO $54.99 +0.11 0.2% 9,157,253 NYSE: WSJ pC12 "Coke's lucky Chinese escape" by Andrew Peaple says Coke was blocked 2 years ago from bying for $2.4 bil Cina Huiyuan Juice Group by China regulators and now it was sold for much less.
Disney DIS $33.71 -0.33 0.97% 9,946,009 NYSE: No mentions found.
DuPont DD $40.51 +0.24 0.6% 7,779,198 NYSE: No mentions found.
Exxon XOM $60.34 -0.57 0.94% 33,748,477 NYSE: WSj pB3 "Refining business lifts Exxon's profit" by Isabel Ordonex says Exxn's 2Q earnings jumped 91%, helped by higher commodities prices & a surge in refining profits and production. Chevron is expected to post higher earnings Friday. Exxon, the world's biggest oil firm not under state control,, had a profit of $7.56 bil or $1.60 a share, up from $3.95 bil or 81 cents a year earlier. Rev rose 24% to $92.48 bil.
GE $16.15 +0.10 0.62% 69,882,643 NYSE: No mentions found.
Hewlett-Packard HPQ $46.41 -0.72 1.53% 17,446,142 NYSE: No mentions found.
Home Depot HD $28.05- 0.03 0.11% 15,504,575 NYSE: Daily Report "Home Depot sex harassment case is settled" by Alyson Palmer says Home Depot settled a closely watched case in which 2 male employees claimed a male manager made inappropriate sexual overtures to them.
Intel INTC $21.03 -0.30 1.41% 83,805,473 NASDAQ-GS: WSJ pB3 "Intel Wins Ruling" by Don Clark says Ingtel was a rulng in a suit against it on behalf of computer buyers, which found no evidence that consumers have been hurt by is discounting pracgtices in the market for computer chips. Suit was in Del.
WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
IBM $128.02 -0.41 0.32% 8,995,857 NYSE: No mentions found.
JPMorgan JPM $40.21 -0.11 0.27% 29,007,162 NYSE: No mentions found.
Johnson & John JNJ $57.83 unch unch 13,027,728 NYSE: No mentions found.
Kraft KFT $29.11 -0.61 2.05% 10,006,257 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
McDonalds MCD $69.38 -0.39 0.56% 5,131,607 NYSE: WSJ pC7 "New Issues" says McDonard's $750 mil multitranche bond issue was price Wed & Bank of America Merrill Lynch priced a 2 bil Euro self led bond issue.
Merck MRK $35.06 +0.32 0.92% 14,570,629 NYSE: WSJ pC5 "Kellogg's decline feeds fall" by Donna yesalavichs ays stocks fell Thurs as weaker than expected quarterly rev and forecasts from Kellogg & Colgate Palmolive pulled down other consumer staples firms, including Kraft and Procter & Gamble. Merck was the Dow's best performer up 0.9% and chevron climbed 0.6% as investors traded optimistically ahead of the firms' quarterly earnings reports due on Fri morning.
Microsoft MSFT $26.03 +0.08 0.31% 69,444,188 NASDAQ-GS: WSJ pB5 "Microsoft working on iPad's rivals" by Nick Wingfield says Microsoft is working closely with hardware partners to improve the quality of tablet devices that run Windows 7 operating system. Microsoft will get a boost early next year when Intel comes out with a new microprocessor known as Oak Trail designed to work better within the thin confines of a slate device.
Pfizer PFE $15.09 +0.09 0.6% 58,525,437 NYSE: No mentions found.
Procter & Gamble PG $61.67 -1.03 1.64% 15,774,970 NYSE: WSJ pC1 "A tepid day but hot July for the Dow" by Jonathan Cheng says Blue chips fell for a 2nd consecutive day as disappointing quarterly reports from utilities & consumer firms fanned fears about the weak sae of the US consumer. Kellogg's & Colgate Palmolive both fell after reporting disappointing sales, dragging down other consumer staples like Kraft and Procter & Gamble.
WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
MMM $86.34 -0.35 0.4% 3,342,787 NYSE: No mentions found.
Travelers TRV $50.52 +0.23 0.46% 6,838,408 NYSE: No mentions found.
United Tech UTX $71.15 +0.04 0.06% 5,163,334 NYSE: No mentions found.
Verizon VZ $28.88 -0.03 0.1% 24,226,601 Dual Listed: WSJ pB1 "Droid sales drive Motorola" by Roger cheng says Motorola's profits increased partly due to the Google based Droid. Its follow up device, Droid X, launched July 15, after the quarter ended. The Droid X has been positioned as Verizon Wireless's next hot phone, yet it has been back ordered until Aug.
Walmart WMT $51.06 -0.07 0.14% 9,627,370 NYSE: WSJ pC5 "Traders bet on a staples swoon" by Brendan Conway says options traders girded for a potential drop of 7% in a fund tracking consumer staples over the next few months. The time of the trade was notable, since it comes ahead of key earnings reports from Procter & Gamble and Walmart the two most heavily weighted firms in the fund. Procter reports earnings next week and Walmart in mid August.
****************************
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 Richard 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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
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
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
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: 7/12/10 8K re: updated on 2Q results
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.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
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.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
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 : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
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: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
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: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
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: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
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