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Post No. 615 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
The Dow Jones Industrial Average closed Tuesday at 10,014.72 up 4.99 or 0.05% from Monday's close of 10,009.73. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was Caterpillar CAT $65.16 +0.69 1.07% 6,704,516 and percentage-wise was At&T T $27.03 +0.40 1.5% 32,437,843 NYSE. The biggest decliner dollar-wise was 3M MMM $78.55 -1.10 1.38% 4,912,051 NYSE and percentage-wise was Cisco CSCO $19.985 -0.335 1.65% 93,167,651 NASDAQ-GS.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.70 up from Monday's 13.70 (year ago it was 15.40) the P/E estimate is 12.02 down from Monday's 12.02 (year ago it was 15.08) and the current dividend yield is 2.77 down from Monday's 2.77 (it was 2.99 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Tuesday's Dow Jones Industrial Average closing numerator was 1,323.24 up 0.66 from Monday's closing numerator of 1,322.58. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 0.66 for Tuesday by the divisor (0.132129493) you get the increase in Tuesday's Dow of 4.99. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $44.11 up 0.02 from Monday's Dow Jones Industrial Average average closing price of $44.09. The median closing price of Monday's Dow Jones Industrial Average was $39.16 (AXP/HPQ) down 0.08 from Monday's Dow Jones median price of $39.23. The lowest volume was Travelers TRV $48.99 +0.04 0.08% 4,539,722 NYSE and the highest volume again was Bank of America BAC $12.46 -0.14 1.14% 171,750,731 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $86 ($$132,324 - 132,258).
MarketWatch 8/31/10 Tuesday 4:28 pm by Kristina Peterson says U.S. stocks finished a lackluster session little changed on Tuesday but finished the month with their worst August performance since 2001 as concerns about the economy continued to pile on. Minutes from the last meeting of the Federal Reserve did little to dispel those concerns ahead of the release of employment numbers for August this week. The Dow Jones Industrial Average (DJIA 10,015, +4.99, +0.05%) on Tuesday rose 4.99 points to end at 10,014.72. Stocks still posted steep losses for the month as investors lowered their expectations for economic growth in response to a flood of weak data in August. The Dow shed 4.3% this month, its first down August in five years and the blue-chip measure's worst August since 2001. On Tuesday, the S&P 500 index (SPX 1,049, +0.41, +0.04%) gained 0.41 point to 1,049.33. The Nasdaq Composite (COMP 2,114, -5.94, -0.28%) fell 5.94 points to 2,114.03 on Tuesday. The S&P 500 and the Nasdaq also posted their worst August performance since 2001, down 4.7% and 6.2% respectively. Small-capitalization stocks, seen as leading indicator of the economy, have taken an even bigger hit this month. The Russell 2000 index of small-cap stocks (RUT 602.06, +0.34, +0.06%) posted its worst August performance in 12 years. On Tuesday the market lost most of its earlier gains after minutes of the Aug. 10 Fed meeting showed most policy makers agreed that the new strategy of reinvesting maturing or refinanced mortgage-related securities was necessary given the weakening economic recovery. Adding to the jumpy trading on Tuesday, trading volume remained weak with only 1.4 billion shares changing hands at the New York Stock Exchange. Advancing issues still topped decliners by 16 to 13. Technology stocks took a hit after technology researcher Gartner cut its 2010 projection for world-wide personal-computer shipments, saying the second half won't be a strong as it previously expected. Intel (INTC 17.71, +0.04, +0.25%) fell 1.6%, while Cisco Systems (CSCO 20.06, +0.08, +0.39%) shed 1.7%. Flash-memory device maker SanDisk (SNDK 33.25, +0.12, +0.36%) fell 3.3%. Helping lift the Dow, J.P. Morgan Chase (JPM 36.35, -0.01, -0.03%) , which had been one of the Dow's worst performers in August, rose 1.4% on Tuesday. Continuing the buzz around recent deal activity, luxury-fashion retailer Saks (SKS 7.89, -0.01, -0.15%) jumped nearly 20%. Saks' climb was fueled by speculation that a private-equity consortium is preparing a cash bid of $1.7 billion, or $11 a share, for the retailer, according to the Daily Mail newspaper, citing unidentified sources. A Saks spokeswoman said the company doesn't comment on rumors or speculation. Biotech agribusiness company Monsanto (MON 52.66, +0.01, +0.03%) dropped 5.8% after predicting its fiscal-year earnings will come in at the low end of its prior view. The U.S. dollar weakened against both the euro and the yen. The euro was trading recently at $1.2670, up from $1.2665 late Monday in New York. Demand for Treasurys rose, with the 10-year note (UST10Y 2.47, -0.06, -2.45%) up to push its yield down to 2.47%. Crude-oil prices edged down, while gold futures also slipped.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
At&T T $27.03 +0.40 1.5% 32,437,843 NYSE
Alcoa AA $10.2175 -0.0325 0.32% 21,022,225 NYSE
Amex AXP $39.87 -0.02 0.05% 8,203,885 NYSE
Bank of Am BAC $12.46 -0.14 1.14% 171,750,731 NYSE
Boeing BA $61.13 -0.97 1.56% 5,281,462 NYSE
Caterpillar CAT $65.16 +0.69 1.07% 6,704,516 NYSE
Chevron CVX $74.08 +0.30 0.41% 9,002,961 NYSE
Cisco CSCO $19.985 -0.335 1.65% 93,167,651 NASDAQ-GS
Coke KO $55.8825 +0.3325 0.6% 9,195,066 NYSE
Disney DIS $32.54 +0.19 0.59% 12,336,504 NYSE
DuPont DD $40.77 +0.45 1.12% 6,800,352 NYSE
Exxon XOM $59.11 +0.11 0.19% 26,540,241 NYSE
GE $14.48 -0.04 0.28% 58,755,789 NYSE
Hewlett-Packard HPQ $38.45 -0.11 0.29% 30,035,857 NYSE
Home Depot HD $27.82 -0.17 0.61% 12,274,686 NYSE
INTC $17.665 -0.295 1.64% 109,964,457 NASDAQ-GS
Intel IBM $123.13 -0.27 0.22% 5,531,769 NYSE
JPMorgan JPM $36.36 +0.51 1.42% 34,359,341 NYSE
Johnson & Johnson JNJ $57.02 -0.28 0.49% 14,417,904 NYSE
KFT $29.91 +0.21 0.71% 9,078,962 NYSE
MCD $73.06 +0.32 0.44% 5,516,517 NYSE
MRK $35.16 +0.43 1.24% 16,331,214 NYSE
MSFT $23.465 -0.175 0.74% 64,297,098 NASDAQ-GS
Pfizer PFE $15.91 +0.05 0.32% 44,252,751 NYSE
Procter & Gamble PG $59.67 +0.30 0.51% 12,462,931 NYSE
3M MMM $78.55 -1.10 1.38% 4,912,051 NYSE
Travelers TRV $48.99 +0.04 0.08% 4,539,722 NYSE
United Tech UTX $65.21 -0.18 0.28% 5,162,953 NYSE
Verizon VZ $29.53 +0.09 0.31% 20,776,405 Dual Listed
WalMart WMT $50.14 -0.41 0.81% 24,878,591 NYSE
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The following are excerpts from Tues. morning's Blog.
A read of Tuesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Monday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Monday at 10,009.73 down 140.92 or 1.39% from Friday's close of 10,150.65. For the year the Dow is down 4.01%. Of the 30 Dow Companies: only Hewlett-Packard gained and 29 declined. The only gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE and percentage-wise was Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
NYT pB9 "Awaiting jobs data, market falls" by Christine Hauser says stocks fell on Mon as investors braced for a week of unemployment figures & economic data unlikely to stoke confidence in the prospects for growth.
USA Today p5B "Stocks slump amid signs of slowdown" by AP says stocks fell Mon afte signs of slowing growth added to caution ahead of the gov's crucial jobs report later in the week.
Monday's Dow Jones Industrial Average closing numerator was 1,322.58 down 18.62 from Friday's closing numerator of 1,341.20. 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 18.62 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 140.92. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.09 down up 0.62 from Friday's Dow Jones Industrial Average average closing price of $44.71. The median closing price of Monday's Dow Jones Industrial Average was $39.23 down from Friday's Dow Jones median price of $41.46. The lowest volume was 3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE and the highest volume again was Bank of America BAC $12.32 -0.32 2.53% 126,537,556 . NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,862 ($134,120 - $132,258).
MarketWatch 8/30/10 Monday 4:28 pm by Kate Gibson says U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. Acquisitions and potential deals involving Intel, 3Par and 3M are on investors' radar in the tech sector. The Dow Jones Industrial Average (DJIA 10,010, -140.92, -1.39%) fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows. The Dow is currently off 4.4% for August, with only one trading session left in the month. All but one of the Dow's 30 components traded lower. Intel Corp. (INTC 17.96, -0.41, -2.23%) dropped 2.2% after the world's largest computer-chip manufacturer said it would pay about $1.4 billion to acquire Infineon Technologies AG's wireless unit. Also weighing on the Dow, shares of 3M Co. (MMM 79.65, -1.35, -1.67%) were off 1.7% after the company said it would buy Cogent Inc. (COGT 11.11, +0.02, +0.18%) . Hewlett-Packard Co. (HPQ 38.46, -0.10, -0.26%) was the sole blue-chip gainer, up 1.5%, with shares of the technology titan bolstered by a share-repurchase plan amid its pursuit of a deal to acquire 3Par (PAR 31.82, -0.64, -1.97%).Genzyme Corp. (GENZ 69.91, +2.29, +3.39%) rejected an $18.5 billion acquisition offer from Sanofi-Aventis (SNY 28.86, +0.25, +0.86%). The S&P 500 Index (SPX 1,049, -15.67, -1.47%) declined 15.67 points, or 1.5%, to end at 1,048.92, with financials leading losses that included all 10 of the index's industry groups, with regional banks KeyCorp (KEY 7.27, -0.02, -0.27%) and First Horizon National Corp. (FHN 9.89, -0.02, -0.20%) both down around 4%. The broad-market average is down 4.8% for August so far. The Nasdaq Composite Index (COMP 2,120, -33.66, -1.56%) shed 33.66 points, or 1.6%, to 2,119.97. The technology-heavy index has fallen 6% in the month so far. For every stock on the rise, nearly four fell on the New York Stock Exchange, where 818 million shares traded. Earlier Monday, the Commerce Department reported that personal spending climbed 0.4% in July, the largest rise in four months, while personal income gained 0.2% on the month. On Friday, the government will release figures on nonfarm payrolls and the jobless rate for August. On the New York Mercantile Exchange, crude-oil futures fell 47 cents to $74.7 a barrel, while gold futures gained $1.3 to end at $1,239.20 an ounce.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.63 -0.31 1.15% 15,819,818 NYSE: No mentions found.
Alcoa AA $10.25 -0.07 0.68% 21,868,907 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Amex AXP $39.89 -1.02 2.49% 5,062,123 NYSE: No mentions found.
Bank of Am BAC $12.32 -0.32 2.53% 126,537,556 NYSE: WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Boeing BA $62.1 -1.06 1.68% 3,245,015 NYSE: AJC pA8 say "First 787 delivery is due in middle of 1Q" says Boeing will deliver its first 787 in the middle of 1Q '11. The latest change is due to problems with the availability of Rolls Royce engines.
NYT pB5 "Training for the 787, whenever it shows up": by Joe Sharkey is about a visit to the Boeing training complex in Renton, Washington.
WSJ pA4 "Jetliner brake systems probed" says the Dec 22 crash of an American Airlines Boeing 737 that slid off the end of the runway is causing the US nat'l Trans 'Safety Board to look at the braking capabilities of these planes on wet runways.
Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE: No mentions found.
Chevron CVX $73.78 -1.15 1.53% 7,529,236 NYSE: No mentions found.
CSCO $20.32 -0.49 2.35% 58,878,957 NASDAQ-GS:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Coke KO $55.55 -0.61 1.09% 5,102,180 NYSE: No mentions found.
DIS $32.35 -0.43 1.31% 7,050,098 NYSE: Fin Times p14 "Disney close to internet payment deal" by Kenneth Li says Disney is close to an agreement to renew running its TV channel on Time Warner Cable.
DuPont DD $40.32 -0.69 1.68% 4,308,366 NYSE: No mentions found.
Exxon XOM $59 -0.80 1.34% 16,240,558 NYSE: No mentions found.
GE $14.52 -0.19 1.29% 36,404,037 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE: WSJ pB3 "H-P settles case for $55 mil" by Brent Kendall says Hewlett-Packard will pay $55 mil to settle allegations that it paid kickbacks to win US gov business and other charges related to gov contracts.
WSJ pC10 "Overheard" says winning 3Par wold drain Hewlett-Packard of $2 bil of cash and it now plans to buy back $10 bil of stock. Shares are off 17% since CEO Hurd's abrubpt departure. Now may be the time to buy the stock.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par
Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Intel INTC $17.96 -0.41 2.23% 73,531,281 NASDAQ-GS: WSJ pC10 "Intel Aims to accelerate ARM race" by Rolfe Winkler,Fin Times p16 "Intel buys Infineon's wireless chip unit for $1.4 bil" by Chris Nuttall, NYT pB3 "Inel to buy a wirelss div of Infineon" by Chris Nicholson, AJC pA8 "Intel spends $1.4 bil for wireless business" says Intel will buy the wireless comm unit of Germany's Infineon Technologies AG for $1.4 bil in cash, the second deal in as many weeks that allows Intel to expand beyond the struggling personal computer markets.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
IBM $123.4 -1.33 1.07% 3,596,402 NYSE: No mentions found.
JPMorgan JPM $35.85 -0.75 2.05% 27,184,181 NYSE: No mentions found.
Johnson & John JNJ $57.3 -0.30 0.52% 9,217,199 NYSE:
KFT $29.7 -0.30 1% 7,579,277 NYSE: No mentions found.
McDonalds MCD $72.74 -1.25 1.69% 4,183,387 NYSE: No mentions found.
MRK $34.73 -0.27 0.77% 6,766,416 NYSE: No mentions found.
MSFT $23.64 -0.29 1.21% 45,361,089 NASDAQ-GS: WSJ pB3 "FCC adjusts final rules on use of vacant TV band" by Amy Schatz says tech and elecom firms may soon get to use unused tv airwaves. The proposal to use white spaces to eapnd wireless Internet and other services is supported by Microsoft and Google.
WSJ pB1 "Paul Allen's lawsuit renews paent debagte" by Donne Searcey says the founder of Microsoft's lawsuit vs Google, Facebook and other tech firms is still rippling through Silicon Valley. The technologies Paul claims are key functions in the firms' use on their website.
Pfizer PFE $15.86 -0.23 1.43% 35,520,783 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Procter & Gam PG $59.37 -0.43 0.72% 7,454,371 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE: WSJ pB1 "3M taps coffers for growth" by james R. Hagerty, Fin Times p14 "3M seals $90 Mil deal to acquire Cogent," by Jeremy Lemer, AJC pA8 "3M spends $943 mil to enter security market" say #M the conglomerate whose products range from Post-Its to respirators, computer arms and films for LCD TV screens, is trying to expand into the security market by buying Cogent Inc that develops automated systems that read finger and palm prints and makes iris and face recognition systems. The price is $10.50 a share or 18% above Cogent's Fri closing price.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Travelers TRV $48.95 -0.92 1.84% 2,958,841 NYSE: No mentions found.
United Tech UTX $65.39 -1.18 1.77% 3,345,225 NYSE: No mentions found.
Verizon VZ $29.44 -0.40 1.34% 10,377,847 Dual Listed: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
WalMart WMT $50.55 -0.45 0.88% 8,492,720 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
Tuesday, August 31, 2010
8/31/10 Tues am 3M Buys Cogent; Intel Buys Infineion
www.DowJonesMonitor.com
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Post No. 614 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
A read of Tuesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Monday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Monday at 10,009.73 down 140.92 or 1.39% from Friday's close of 10,150.65. For the year the Dow is down 4.01%. Of the 30 Dow Companies: only Hewlett-Packard gained and 29 declined. The only gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE and percentage-wise was Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
NYT pB9 "Awaiting jobs data, market falls" by Christine Hauser says stocks fell on Mon as investors braced for a week of unemployment figures & economic data unlikely to stoke confidence in the prospects for growth.
USA Today p5B "Stocks slump amid signs of slowdown" by AP says stocks fell Mon afte signs of slowing growth added to caution ahead of the gov's crucial jobs report later in the week.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.70 up from Monday's 13.70 (year ago it was 15.40) the P/E estimate is 12.02 down from Monday's 12.02 (year ago it was 15.08) and the current dividend yield is 2.77 down from Monday's 2.77 (it was 2.99 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,322.58 down 18.62 from Friday's closing numerator of 1,341.20. 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 18.62 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 140.92. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.09 down up 0.62 from Friday's Dow Jones Industrial Average average closing price of $44.71. The median closing price of Monday's Dow Jones Industrial Average was $39.23 down from Friday's Dow Jones median price of $41.46. The lowest volume was 3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE and the highest volume again was Bank of America BAC $12.32 -0.32 2.53% 126,537,556 . NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,862 ($134,120 - $132,258).
MarketWatch 8/30/10 Monday 4:28 pm by Kate Gibson says U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. Acquisitions and potential deals involving Intel, 3Par and 3M are on investors' radar in the tech sector. The Dow Jones Industrial Average (DJIA 10,010, -140.92, -1.39%) fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows. The Dow is currently off 4.4% for August, with only one trading session left in the month. All but one of the Dow's 30 components traded lower. Intel Corp. (INTC 17.96, -0.41, -2.23%) dropped 2.2% after the world's largest computer-chip manufacturer said it would pay about $1.4 billion to acquire Infineon Technologies AG's wireless unit. Also weighing on the Dow, shares of 3M Co. (MMM 79.65, -1.35, -1.67%) were off 1.7% after the company said it would buy Cogent Inc. (COGT 11.11, +0.02, +0.18%) . Hewlett-Packard Co. (HPQ 38.46, -0.10, -0.26%) was the sole blue-chip gainer, up 1.5%, with shares of the technology titan bolstered by a share-repurchase plan amid its pursuit of a deal to acquire 3Par (PAR 31.82, -0.64, -1.97%).Genzyme Corp. (GENZ 69.91, +2.29, +3.39%) rejected an $18.5 billion acquisition offer from Sanofi-Aventis (SNY 28.86, +0.25, +0.86%). The S&P 500 Index (SPX 1,049, -15.67, -1.47%) declined 15.67 points, or 1.5%, to end at 1,048.92, with financials leading losses that included all 10 of the index's industry groups, with regional banks KeyCorp (KEY 7.27, -0.02, -0.27%) and First Horizon National Corp. (FHN 9.89, -0.02, -0.20%) both down around 4%. The broad-market average is down 4.8% for August so far. The Nasdaq Composite Index (COMP 2,120, -33.66, -1.56%) shed 33.66 points, or 1.6%, to 2,119.97. The technology-heavy index has fallen 6% in the month so far. For every stock on the rise, nearly four fell on the New York Stock Exchange, where 818 million shares traded. Earlier Monday, the Commerce Department reported that personal spending climbed 0.4% in July, the largest rise in four months, while personal income gained 0.2% on the month. On Friday, the government will release figures on nonfarm payrolls and the jobless rate for August. On the New York Mercantile Exchange, crude-oil futures fell 47 cents to $74.7 a barrel, while gold futures gained $1.3 to end at $1,239.20 an ounce.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.63 -0.31 1.15% 15,819,818 NYSE: No mentions found.
Alcoa AA $10.25 -0.07 0.68% 21,868,907 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Amex AXP $39.89 -1.02 2.49% 5,062,123 NYSE: No mentions found.
Bank of Am BAC $12.32 -0.32 2.53% 126,537,556 NYSE: WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Boeing BA $62.1 -1.06 1.68% 3,245,015 NYSE: AJC pA8 say "First 787 delivery is due in middle of 1Q" says Boeing will deliver its first 787 in the middle of 1Q '11. The latest change is due to problems with the availability of Rolls Royce engines.
NYT pB5 "Training for the 787, whenever it shows up": by Joe Sharkey is about a visit to the Boeing training complex in Renton, Washington.
WSJ pA4 "Jetliner brake systems probed" says the Dec 22 crash of an American Airlines Boeing 737 that slid off the end of the runway is causing the US nat'l Trans 'Safety Board to look at the braking capabilities of these planes on wet runways.
Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE: No mentions found.
Chevron CVX $73.78 -1.15 1.53% 7,529,236 NYSE: No mentions found.
CSCO $20.32 -0.49 2.35% 58,878,957 NASDAQ-GS:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Coke KO $55.55 -0.61 1.09% 5,102,180 NYSE: No mentions found.
DIS $32.35 -0.43 1.31% 7,050,098 NYSE: Fin Times p14 "Disney close to internet payment deal" by Kenneth Li says Disney is close to an agreement to renew running its TV channel on Time Warner Cable.
DuPont DD $40.32 -0.69 1.68% 4,308,366 NYSE: No mentions found.
Exxon XOM $59 -0.80 1.34% 16,240,558 NYSE: No mentions found.
GE $14.52 -0.19 1.29% 36,404,037 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE: WSJ pB3 "H-P settles case for $55 mil" by Brent Kendall says Hewlett-Packard will pay $55 mil to settle allegations that it paid kickbacks to win US gov business and other charges related to gov contracts.
WSJ pC10 "Overheard" says winning 3Par wold drain Hewlett-Packard of $2 bil of cash and it now plans to buy back $10 bil of stock. Shares are off 17% since CEO Hurd's abrubpt departure. Now may be the time to buy the stock.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par
Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Intel INTC $17.96 -0.41 2.23% 73,531,281 NASDAQ-GS: WSJ pC10 "Intel Aims to accelerate ARM race" by Rolfe Winkler,Fin Times p16 "Intel buys Infineon's wireless chip unit for $1.4 bil" by Chris Nuttall, NYT pB3 "Inel to buy a wirelss div of Infineon" by Chris Nicholson, AJC pA8 "Intel spends $1.4 bil for wireless business" says Intel will buy the wireless comm unit of Germany's Infineon Technologies AG for $1.4 bil in cash, the second deal in as many weeks that allows Intel to expand beyond the struggling personal computer markets.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
IBM $123.4 -1.33 1.07% 3,596,402 NYSE: No mentions found.
JPMorgan JPM $35.85 -0.75 2.05% 27,184,181 NYSE: No mentions found.
Johnson & John JNJ $57.3 -0.30 0.52% 9,217,199 NYSE:
KFT $29.7 -0.30 1% 7,579,277 NYSE: No mentions found.
McDonalds MCD $72.74 -1.25 1.69% 4,183,387 NYSE: No mentions found.
MRK $34.73 -0.27 0.77% 6,766,416 NYSE: No mentions found.
MSFT $23.64 -0.29 1.21% 45,361,089 NASDAQ-GS: WSJ pB3 "FCC adjusts final rules on use of vacant TV band" by Amy Schatz says tech and elecom firms may soon get to use unused tv airwaves. The proposal to use white spaces to eapnd wireless Internet and other services is supported by Microsoft and Google.
WSJ pB1 "Paul Allen's lawsuit renews paent debagte" by Donne Searcey says the founder of Microsoft's lawsuit vs Google, Facebook and other tech firms is still rippling through Silicon Valley. The technologies Paul claims are key functions in the firms' use on their website.
Pfizer PFE $15.86 -0.23 1.43% 35,520,783 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Procter & Gam PG $59.37 -0.43 0.72% 7,454,371 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE: WSJ pB1 "3M taps coffers for growth" by james R. Hagerty, Fin Times p14 "3M seals $90 Mil deal to acquire Cogent," by Jeremy Lemer, AJC pA8 "3M spends $943 mil to enter security market" say #M the conglomerate whose products range from Post-Its to respirators, computer arms and films for LCD TV screens, is trying to expand into the security market by buying Cogent Inc that develops automated systems that read finger and palm prints and makes iris and face recognition systems. The price is $10.50 a share or 18% above Cogent's Fri closing price.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Travelers TRV $48.95 -0.92 1.84% 2,958,841 NYSE: No mentions found.
United Tech UTX $65.39 -1.18 1.77% 3,345,225 NYSE: No mentions found.
Verizon VZ $29.44 -0.40 1.34% 10,377,847 Dual Listed: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
WalMart WMT $50.55 -0.45 0.88% 8,492,720 NYSE: No mentions found.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
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Post No. 614 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
A read of Tuesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Monday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Monday at 10,009.73 down 140.92 or 1.39% from Friday's close of 10,150.65. For the year the Dow is down 4.01%. Of the 30 Dow Companies: only Hewlett-Packard gained and 29 declined. The only gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE and percentage-wise was Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
NYT pB9 "Awaiting jobs data, market falls" by Christine Hauser says stocks fell on Mon as investors braced for a week of unemployment figures & economic data unlikely to stoke confidence in the prospects for growth.
USA Today p5B "Stocks slump amid signs of slowdown" by AP says stocks fell Mon afte signs of slowing growth added to caution ahead of the gov's crucial jobs report later in the week.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.70 up from Monday's 13.70 (year ago it was 15.40) the P/E estimate is 12.02 down from Monday's 12.02 (year ago it was 15.08) and the current dividend yield is 2.77 down from Monday's 2.77 (it was 2.99 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,322.58 down 18.62 from Friday's closing numerator of 1,341.20. 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 18.62 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 140.92. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.09 down up 0.62 from Friday's Dow Jones Industrial Average average closing price of $44.71. The median closing price of Monday's Dow Jones Industrial Average was $39.23 down from Friday's Dow Jones median price of $41.46. The lowest volume was 3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE and the highest volume again was Bank of America BAC $12.32 -0.32 2.53% 126,537,556 . NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,862 ($134,120 - $132,258).
MarketWatch 8/30/10 Monday 4:28 pm by Kate Gibson says U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. Acquisitions and potential deals involving Intel, 3Par and 3M are on investors' radar in the tech sector. The Dow Jones Industrial Average (DJIA 10,010, -140.92, -1.39%) fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows. The Dow is currently off 4.4% for August, with only one trading session left in the month. All but one of the Dow's 30 components traded lower. Intel Corp. (INTC 17.96, -0.41, -2.23%) dropped 2.2% after the world's largest computer-chip manufacturer said it would pay about $1.4 billion to acquire Infineon Technologies AG's wireless unit. Also weighing on the Dow, shares of 3M Co. (MMM 79.65, -1.35, -1.67%) were off 1.7% after the company said it would buy Cogent Inc. (COGT 11.11, +0.02, +0.18%) . Hewlett-Packard Co. (HPQ 38.46, -0.10, -0.26%) was the sole blue-chip gainer, up 1.5%, with shares of the technology titan bolstered by a share-repurchase plan amid its pursuit of a deal to acquire 3Par (PAR 31.82, -0.64, -1.97%).Genzyme Corp. (GENZ 69.91, +2.29, +3.39%) rejected an $18.5 billion acquisition offer from Sanofi-Aventis (SNY 28.86, +0.25, +0.86%). The S&P 500 Index (SPX 1,049, -15.67, -1.47%) declined 15.67 points, or 1.5%, to end at 1,048.92, with financials leading losses that included all 10 of the index's industry groups, with regional banks KeyCorp (KEY 7.27, -0.02, -0.27%) and First Horizon National Corp. (FHN 9.89, -0.02, -0.20%) both down around 4%. The broad-market average is down 4.8% for August so far. The Nasdaq Composite Index (COMP 2,120, -33.66, -1.56%) shed 33.66 points, or 1.6%, to 2,119.97. The technology-heavy index has fallen 6% in the month so far. For every stock on the rise, nearly four fell on the New York Stock Exchange, where 818 million shares traded. Earlier Monday, the Commerce Department reported that personal spending climbed 0.4% in July, the largest rise in four months, while personal income gained 0.2% on the month. On Friday, the government will release figures on nonfarm payrolls and the jobless rate for August. On the New York Mercantile Exchange, crude-oil futures fell 47 cents to $74.7 a barrel, while gold futures gained $1.3 to end at $1,239.20 an ounce.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.63 -0.31 1.15% 15,819,818 NYSE: No mentions found.
Alcoa AA $10.25 -0.07 0.68% 21,868,907 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Amex AXP $39.89 -1.02 2.49% 5,062,123 NYSE: No mentions found.
Bank of Am BAC $12.32 -0.32 2.53% 126,537,556 NYSE: WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Boeing BA $62.1 -1.06 1.68% 3,245,015 NYSE: AJC pA8 say "First 787 delivery is due in middle of 1Q" says Boeing will deliver its first 787 in the middle of 1Q '11. The latest change is due to problems with the availability of Rolls Royce engines.
NYT pB5 "Training for the 787, whenever it shows up": by Joe Sharkey is about a visit to the Boeing training complex in Renton, Washington.
WSJ pA4 "Jetliner brake systems probed" says the Dec 22 crash of an American Airlines Boeing 737 that slid off the end of the runway is causing the US nat'l Trans 'Safety Board to look at the braking capabilities of these planes on wet runways.
Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE: No mentions found.
Chevron CVX $73.78 -1.15 1.53% 7,529,236 NYSE: No mentions found.
CSCO $20.32 -0.49 2.35% 58,878,957 NASDAQ-GS:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Coke KO $55.55 -0.61 1.09% 5,102,180 NYSE: No mentions found.
DIS $32.35 -0.43 1.31% 7,050,098 NYSE: Fin Times p14 "Disney close to internet payment deal" by Kenneth Li says Disney is close to an agreement to renew running its TV channel on Time Warner Cable.
DuPont DD $40.32 -0.69 1.68% 4,308,366 NYSE: No mentions found.
Exxon XOM $59 -0.80 1.34% 16,240,558 NYSE: No mentions found.
GE $14.52 -0.19 1.29% 36,404,037 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE: WSJ pB3 "H-P settles case for $55 mil" by Brent Kendall says Hewlett-Packard will pay $55 mil to settle allegations that it paid kickbacks to win US gov business and other charges related to gov contracts.
WSJ pC10 "Overheard" says winning 3Par wold drain Hewlett-Packard of $2 bil of cash and it now plans to buy back $10 bil of stock. Shares are off 17% since CEO Hurd's abrubpt departure. Now may be the time to buy the stock.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
WSJ pC1 "August torpor leaves Dow in a hole" by Jonathan Cheng says stocks fell on Mon as the worst Aug in nearly a decade drew nears its end. The 4.4% decline with one trading day left came in a month in which many investors stayed home. Hewlett-Packard was the only Dow component to gain on Mon, rising 1.5% after authorizing an additional $10 bil to repurchases shares, even as it searches for a new CEO and fights Dell for control of 3Par
Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE:Fin times p20 "Discretionary goods & fin'ls lead broad downturn" by Hannah Kuchler says US stocks dropped Mon after data showed personal incomes rose less than expected, raising questions about the sustainability of consumer spending. The index of retailers was down 2.2% as home Depot lost 2.6%. In tech Cisco fell 2.4%, Microsoft was down 1.3%.
Intel INTC $17.96 -0.41 2.23% 73,531,281 NASDAQ-GS: WSJ pC10 "Intel Aims to accelerate ARM race" by Rolfe Winkler,Fin Times p16 "Intel buys Infineon's wireless chip unit for $1.4 bil" by Chris Nuttall, NYT pB3 "Inel to buy a wirelss div of Infineon" by Chris Nicholson, AJC pA8 "Intel spends $1.4 bil for wireless business" says Intel will buy the wireless comm unit of Germany's Infineon Technologies AG for $1.4 bil in cash, the second deal in as many weeks that allows Intel to expand beyond the struggling personal computer markets.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
USA Today p2B "Dell ponders matching HP bid for 3Par" by Byron Acohido says whle Dell is considering their next step Intel announced it was buying Infineon's wireless unit.
IBM $123.4 -1.33 1.07% 3,596,402 NYSE: No mentions found.
JPMorgan JPM $35.85 -0.75 2.05% 27,184,181 NYSE: No mentions found.
Johnson & John JNJ $57.3 -0.30 0.52% 9,217,199 NYSE:
KFT $29.7 -0.30 1% 7,579,277 NYSE: No mentions found.
McDonalds MCD $72.74 -1.25 1.69% 4,183,387 NYSE: No mentions found.
MRK $34.73 -0.27 0.77% 6,766,416 NYSE: No mentions found.
MSFT $23.64 -0.29 1.21% 45,361,089 NASDAQ-GS: WSJ pB3 "FCC adjusts final rules on use of vacant TV band" by Amy Schatz says tech and elecom firms may soon get to use unused tv airwaves. The proposal to use white spaces to eapnd wireless Internet and other services is supported by Microsoft and Google.
WSJ pB1 "Paul Allen's lawsuit renews paent debagte" by Donne Searcey says the founder of Microsoft's lawsuit vs Google, Facebook and other tech firms is still rippling through Silicon Valley. The technologies Paul claims are key functions in the firms' use on their website.
Pfizer PFE $15.86 -0.23 1.43% 35,520,783 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
Procter & Gam PG $59.37 -0.43 0.72% 7,454,371 NYSE: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE: WSJ pB1 "3M taps coffers for growth" by james R. Hagerty, Fin Times p14 "3M seals $90 Mil deal to acquire Cogent," by Jeremy Lemer, AJC pA8 "3M spends $943 mil to enter security market" say #M the conglomerate whose products range from Post-Its to respirators, computer arms and films for LCD TV screens, is trying to expand into the security market by buying Cogent Inc that develops automated systems that read finger and palm prints and makes iris and face recognition systems. The price is $10.50 a share or 18% above Cogent's Fri closing price.
WSJ pC5 "Intel, 3M and BofA decline" by Donna Yesalavich says US stocks fell despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. Intel is charted under Bad News saying it agreed to buy Infineon for $14 bil. Cogent is charted under Good news saying 3M agreed to buy it for $943 mil. Bank of America was one of the Dow's weakest performers, down 32 cents as Ohio Atty Gen'l pledged to move forward with 2 investor lawsuits over the bank's disclosures re: purchase of Merrill Lynch.
Travelers TRV $48.95 -0.92 1.84% 2,958,841 NYSE: No mentions found.
United Tech UTX $65.39 -1.18 1.77% 3,345,225 NYSE: No mentions found.
Verizon VZ $29.44 -0.40 1.34% 10,377,847 Dual Listed: WSJ pB1 "About 2,000 employers to tap health funds" by Janet Adamy says almost 2,000 employers and unions will be able to submit retirees' medical bills for reimbursement by a $5 bil fed fund including GE, Procter & Gamble, Alcoa, Intel, Pfizer but not on the initial list is Verizon who was one of the main backers of the law.
WalMart WMT $50.55 -0.45 0.88% 8,492,720 NYSE: No mentions found.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
Monday, August 30, 2010
8/30/10 Mon pm Dow Closes 10,009.73 down 140.92 or 1.39%
www.DowJonesMonitor.com
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Post No. 613 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
The Dow Jones Industrial Average closed Monday at 10,009.73 down 140.92 or 1.39% from Friday's close of 10,150.65. Of the 30 Dow Companies: only Hewlett-Packard gained and 29 declined. The only gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE and percentage-wise was Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE.
As of the open of the market Monday, 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 13.70 up from Friday's 13.47 (year ago it was 15.40) the P/E estimate is 12.02 down from Friday's 12.36 (year ago it was 15.08) and the current dividend yield is 2.77 down from Friday's 2.81 (it was 2.99 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,322.58 down 18.62 from Friday's closing numerator of 1,341.20. 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 18.62 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 140.92. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.09 down up 0.62 from Friday's Dow Jones Industrial Average average closing price of $44.71. The median closing price of Monday's Dow Jones Industrial Average was $39.23 down from Friday's Dow Jones median price of $41.46. The lowest volume was 3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE and the highest volume again was Bank of America BAC $12.32 -0.32 2.53% 126,537,556 . NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,862 ($134,120 - $132,258).
MarketWatch 8/30/10 Monday 4:28 pm by Kate Gibson says U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. Acquisitions and potential deals involving Intel, 3Par and 3M are on investors' radar in the tech sector. The Dow Jones Industrial Average (DJIA 10,010, -140.92, -1.39%) fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows.
The Dow is currently off 4.4% for August, with only one trading session left in the month. All but one of the Dow's 30 components traded lower. Intel Corp. (INTC 17.96, -0.41, -2.23%) dropped 2.2% after the world's largest computer-chip manufacturer said it would pay about $1.4 billion to acquire Infineon Technologies AG's wireless unit. Also weighing on the Dow, shares of 3M Co. (MMM 79.65, -1.35, -1.67%) were off 1.7% after the company said it would buy Cogent Inc. (COGT 11.11, +0.02, +0.18%) . Hewlett-Packard Co. (HPQ 38.46, -0.10, -0.26%) was the sole blue-chip gainer, up 1.5%, with shares of the technology titan bolstered by a share-repurchase plan amid its pursuit of a deal to acquire 3Par (PAR 31.82, -0.64, -1.97%).Genzyme Corp. (GENZ 69.91, +2.29, +3.39%) rejected an $18.5 billion acquisition offer from Sanofi-Aventis (SNY 28.86, +0.25, +0.86%). The S&P 500 Index (SPX 1,049, -15.67, -1.47%) declined 15.67 points, or 1.5%, to end at 1,048.92, with financials leading losses that included all 10 of the index's industry groups, with regional banks KeyCorp (KEY 7.27, -0.02, -0.27%) and First Horizon National Corp. (FHN 9.89, -0.02, -0.20%) both down around 4%. The broad-market average is down 4.8% for August so far. The Nasdaq Composite Index (COMP 2,120, -33.66, -1.56%) shed 33.66 points, or 1.6%, to 2,119.97. The technology-heavy index has fallen 6% in the month so far. For every stock on the rise, nearly four fell on the New York Stock Exchange, where 818 million shares traded. Earlier Monday, the Commerce Department reported that personal spending climbed 0.4% in July, the largest rise in four months, while personal income gained 0.2% on the month. On Friday, the government will release figures on nonfarm payrolls and the jobless rate for August. On the New York Mercantile Exchange, crude-oil futures fell 47 cents to $74.7 a barrel, while gold futures gained $1.3 to end at $1,239.20 an ounce.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.63 -0.31 1.15% 15,819,818 NYSE
Alcoa AA $10.25 -0.07 0.68% 21,868,907 NYSE
Amex AXP $39.89 -1.02 2.49% 5,062,123 NYSE
Bank of Am BAC $12.32 -0.32 2.53% 126,537,556 NYSE
Boeing BA $62.1 -1.06 1.68% 3,245,015 NYSE
Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE
Chevron CVX $73.78 -1.15 1.53% 7,529,236 NYSE
CSCO $20.32 -0.49 2.35% 58,878,957 NASDAQ-GS
Coke KO $55.55 -0.61 1.09% 5,102,180 NYSE
DIS $32.35 -0.43 1.31% 7,050,098 NYSE
DuPont DD $40.32 -0.69 1.68% 4,308,366 NYSE
Exxon XOM $59 -0.80 1.34% 16,240,558 NYSE
GE $14.52 -0.19 1.29% 36,404,037 NYSE
Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE
Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE
Intel INTC $17.96 -0.41 2.23% 73,531,281 NASDAQ-GS
IBM $123.4 -1.33 1.07% 3,596,402 NYSE
JPMorgan JPM $35.85 -0.75 2.05% 27,184,181 NYSE
Johnson & John JNJ $57.3 -0.30 0.52% 9,217,199 NYSE
KFT $29.7 -0.30 1% 7,579,277 NYSE
McDonalds MCD $72.74 -1.25 1.69% 4,183,387 NYSE
MRK $34.73 -0.27 0.77% 6,766,416 NYSE
MSFT $23.64 -0.29 1.21% 45,361,089 NASDAQ-GS
Pfizer PFE $15.86 -0.23 1.43% 35,520,783 NYSE
Procter & Gam PG $59.37 -0.43 0.72% 7,454,371 NYSE
MMM $79.65 -1.35 1.67% 2,363,938 NYSE
Travelers TRV $48.95 -0.92 1.84% 2,958,841 NYSE
United Tech UTX $65.39 -1.18 1.77% 3,345,225 NYSE
Verizon VZ $29.44 -0.40 1.34% 10,377,847 Dual Listed
WalMart WMT $50.55 -0.45 0.88% 8,492,720 NYSE
**********************
The following are excerpts from Monday morning's Blog:
A read of Monday's 8/30/10 issue of Barron's, New York Times, Wall St. Journal, Financial Times, USA Today, Daily Report (Ga) & 8/27/10 - 9/2/10 issue of Atlanta Business Chronicle (your Blogger has an article in it at page 29A "Some news laws could be comedic fodder") 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 10,150.65 up 164.84 or 1.65% from Thursday's close of 9,985.81. For the year the Dow is down 2.66%. For the week the Dow is down 62.97 0.62% from last Friday's close of 10,213.62. Of the 30 Dow Companies: 28 gained and 2 declined. The biggest gainers dollar-wise and percentage-wise were Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE and IBM $124.73 +1.95 1.59% 6,098,113 NYSE. The biggest decliner dollar-wise was and percentage-wise was DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE.
Friday's Dow Jones Industrial Average closing numerator was 1,341.20 up 21.78 from Thursday's closing numerator of 1,319.42. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 21.98 for Friday by the divisor (0.132129493) you get the increase in Friday's Dow of 164.84. 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 $44.71 up 0.73 from Thursday's Dow Jones Industrial Average average closing price of $43.98. The median closing price of Friday's Dow Jones Industrial Average was $41.46. The lowest volume was 3M MMM $81 +1.22 1.53% 3,363,586 NYSE and the highest volume again was Bank of America BAC $12.64 +0.17 1.36% 154,183,913 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 made $2,178 ($134,120 - $131,942).
MarketWatch 8/27/10 Friday 4:14 pm by Carla Mozee says U.S. stocks surged Friday after U.S. Federal Reserve Chairman Ben Bernanke pledged to fight any deflationary pressures and to prevent the economy from returning to recession. Stocks also advanced after the government's downward revision of second-quarter economic activity wasn't as sharp as expected. The Dow Jones Industrial Average (DJIA 10,151, +164.84, +1.65%) ended Friday up 165 points, or 1.7%, at 10,150.65. The S&P 500 Index (SPX 1,065, +17.37, +1.66%) rose 17 points, or 1.7%, to 1,064.59, and the Nasdaq Composite /COMP 2,154, +34.94, +1.65%) gained 35 points, or 1.7%, to close at 2,153.63. But the week was littered with disappointing economic reports, leaving the benchmarks down for the week. The Dow posted a weekly loss of 0.6% and the S&P 500 (SPX 1,065, +17.37, +1.66%) fell 0.7%, with each marking its third straight week of declines. The Nasdaq dropped 1.2% for the week, its second weekly loss in three.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.94 +0.24 0.9% 20,787,204 NYSE: No mentions found.
Alcoa AA $10.32 +0.31 3.1% 24,222,230 NYSE: No mentions found.
Amex AXP $40.91 +1.18 2.97% 7,276,686 NYSE: No mentions found.
Bank of Am BAC $12.64 +0.17 1.36% 154,183,913 NYSE: WSJ pC3 "Judge rules BofA suits can proceed" says two investor lawsuits over Bank of America's disclosures before its acquisition of Merrill Lynch can proceed Fed Judge Castel in NYC ruled.
Boeing BA $63.16 +1.84 3% 6,705,378 NYSE: No mentions found.
Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE: No mentions found.
Chevron CVX $74.93 +1.60 2.18% 8,484,542 NYSE: No mentions found.
Cisco CSCO $20.81 +0.11 0.53% 61,424,438 NASDAQ-GS: Barron's pM11 "Options" by Steven M. Sears says many clients are buying Cisco systems and shorting Juniper networks.
Coke KO $56.16 +1 1.81% 9,649,615 NYSE: Atlanta Business Chronicle p11A "CCe/Coke deal will cost hundreds of millions" by David Allison says as they move closed to the expected 4Q completion of tier $13 bil megadeal, The Coca-Cola co. and coca-Cola Enterprises Inc. are preparing to spend hundreds of millions of dollars on fees and expenses. In its 2Q report, coke said it expects the total cost of integrating CCe's N. Amer businesses will be $425 mil and that it will absorb the costs over the next 3 years.
Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Disney DIS $32.78 +0.84 2.63% 10,954,226 NYSE: WSJ pB4 "Disney, Time Warner cable near agreement" by Sam Schechner, NYT pB6 "Time Warner Cable & Disney are near a deal on fees" by Brooks Barnes & USA Today p1B Walt Disney, Time Warner cite progress" say Disney and Time Warner Cable are nearing a deal to pipe TV channels like ABC & ESPN into millions of US homes and expect to reach an agreement in time to avert a threatened blackout. Disney and Time Warner,the 2nd largest US cable operator, have been in negotiations for weeks as the clock ticks toward the expiration of thier existing deal after midnight Thurs morning. If no new deal is struck, millions of Time Warner Cable tv subscribers would lose access to football games on ESPN and ABC tv shows.
DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE: No mentions found.
Exxon XOM $59.8 +1.32 2.26% 27,613,419 NYSE: No mentions found.
GE $14.71 +0.21 1.45% 45,716,048 NYSE: WSJ pB1 "Comcast gets static on net tv" by Jessica E. Vascellaro says the Justice Dept. is focusing in on how Comcast's bid to buy control of GE's NBC Universal tv and movie unit could affect the emerging Internet video market. Competitors have complained that the combined powerhouse could stunt the Internet industry's gorwth. During its 8 month review of the $13.75 bil deal, the agency's antitrust div has become interested in finding out whether Comcast and other cable and satellite giants are trying to lock up distribution rights to tv programming on the Internet, which wold block potential competition.
Hewlett-Packard HPQ $38 -0.22 0.58% 36,912,162 NYSE: USA Today p1B 3Par calls HP's bid superior to Dell's" says 3Par says its board has said that Hewlett-Packard's $2 bil, $30 a sahre takeover bid is superior to a rival offer from Dell, but Dell is mullng a higher bid.
Barron's pM6 which charts 3Par says Hewlett-Packard declined 22 cents as its battle with Dell for 3Par continued.
Home Depot HD $28.74 +0.36 1.27% 12,555,438 NYSE: Daily Report p6 "Home improvement dreams shrink" by Chris Burritt, Bloomberg says Home Depot and Lowe's cut '10 forecasts as spending on home renovation for the year ending 9/30 will fall 25% to $107.7 bil compared with the same period a year earlier.
Atlanta Business Chronicle p10A "Home Depot selling EcoSmart LEDs" says it began selling light emitting diodes under its proprietary brand, EcoSmart.
Intel INTC $18.37 +0.19 1.05% 134,389,048 NASDAQ-GS: WSJ pB1 "Intel seeks maker of chips for phones" by Gina Chon says Intel is finalizing a deal to acquire Infineion Technologies AG's wireless-chip unit for less than $1.5 bil. A deal to buy the German unit could be announced today. On Aug. 19, Intel said it was acquiring the security tech firm McAfee for $7.7 bil.
Barron's pM3 "The Trader" by Kopin Tan & Barron's pM6 which charts Intel says Intel slashed its quarterly rev forecast as economic weakness undermines demand for personal computers, heightening concerns that a rebound in tech spending may be petering out. Intel says it now expects 3Q rev of $10.8 bil to $11.2 bil and a gross margin of 66%. Earlier this month, Cisco's CEO John Chambers warned of unusual uncertainty in the global economy that could crimp sales.
IBM $124.73 +1.95 1.59% 6,098,113 NYSE: No mentions found.
JPMorgan JPM $36.6 -0.97 2.72% 37,859,796 NYSE: No mentions found.
Johnson & Johnson JNJ $57.6 +0.20 0.35% 11,461,252 NYSE: WSJ pB3 "J&J chief tends corporate wounds" by Joann S. Lublin says CEO William Weldon is expected to retie next year and he is addressing the firm's problems with a quality team.
Kraft KFT $30 +0.58 1.97% 11,654,894 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
McDonalds MCD $73.99 +0.83 1.13% 6,487,223 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Merck MRK $35 +0.52 1.51% 9,287,928 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Microsoft MSFT $23.93 +0.11 0.46% 60,320,350 NASDAQ-GS: No mentions found.
Pfizer PFE $16.09 +0.19 1.19% 37,677,388 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Procter & Gamble PG $59.8 +0.26 0.44% 10,097,508 NYSE: No mentions found.
3M MMM $81 +1.22 1.53% 3,363,586 NYSE: No mentions found.
Travelers TRV $49.87 +0.84 1.71% 4,342,375 NYSE: No mentions found.
United Tech UTX $66.57 +1.52 2.34% 4,963,913 NYSE: No mentions found.
Verizon VZ $29.84 +0.34 1.15% 12,516,626 Dual Listed: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
WalMart WMT $51 +0.03 0.06% 11,811,145 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Verizon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
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. 613 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
The Dow Jones Industrial Average closed Monday at 10,009.73 down 140.92 or 1.39% from Friday's close of 10,150.65. Of the 30 Dow Companies: only Hewlett-Packard gained and 29 declined. The only gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE and percentage-wise was Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE.
As of the open of the market Monday, 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 13.70 up from Friday's 13.47 (year ago it was 15.40) the P/E estimate is 12.02 down from Friday's 12.36 (year ago it was 15.08) and the current dividend yield is 2.77 down from Friday's 2.81 (it was 2.99 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,322.58 down 18.62 from Friday's closing numerator of 1,341.20. 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 18.62 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 140.92. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.09 down up 0.62 from Friday's Dow Jones Industrial Average average closing price of $44.71. The median closing price of Monday's Dow Jones Industrial Average was $39.23 down from Friday's Dow Jones median price of $41.46. The lowest volume was 3M MMM $79.65 -1.35 1.67% 2,363,938 NYSE and the highest volume again was Bank of America BAC $12.32 -0.32 2.53% 126,537,556 . NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,862 ($134,120 - $132,258).
MarketWatch 8/30/10 Monday 4:28 pm by Kate Gibson says U.S. stocks fell sharply Monday, adding to losses for August so far, as investors worried about the economy at the start of a data-riddled week, which culminates with the monthly employment report. Acquisitions and potential deals involving Intel, 3Par and 3M are on investors' radar in the tech sector. The Dow Jones Industrial Average (DJIA 10,010, -140.92, -1.39%) fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows.
The Dow is currently off 4.4% for August, with only one trading session left in the month. All but one of the Dow's 30 components traded lower. Intel Corp. (INTC 17.96, -0.41, -2.23%) dropped 2.2% after the world's largest computer-chip manufacturer said it would pay about $1.4 billion to acquire Infineon Technologies AG's wireless unit. Also weighing on the Dow, shares of 3M Co. (MMM 79.65, -1.35, -1.67%) were off 1.7% after the company said it would buy Cogent Inc. (COGT 11.11, +0.02, +0.18%) . Hewlett-Packard Co. (HPQ 38.46, -0.10, -0.26%) was the sole blue-chip gainer, up 1.5%, with shares of the technology titan bolstered by a share-repurchase plan amid its pursuit of a deal to acquire 3Par (PAR 31.82, -0.64, -1.97%).Genzyme Corp. (GENZ 69.91, +2.29, +3.39%) rejected an $18.5 billion acquisition offer from Sanofi-Aventis (SNY 28.86, +0.25, +0.86%). The S&P 500 Index (SPX 1,049, -15.67, -1.47%) declined 15.67 points, or 1.5%, to end at 1,048.92, with financials leading losses that included all 10 of the index's industry groups, with regional banks KeyCorp (KEY 7.27, -0.02, -0.27%) and First Horizon National Corp. (FHN 9.89, -0.02, -0.20%) both down around 4%. The broad-market average is down 4.8% for August so far. The Nasdaq Composite Index (COMP 2,120, -33.66, -1.56%) shed 33.66 points, or 1.6%, to 2,119.97. The technology-heavy index has fallen 6% in the month so far. For every stock on the rise, nearly four fell on the New York Stock Exchange, where 818 million shares traded. Earlier Monday, the Commerce Department reported that personal spending climbed 0.4% in July, the largest rise in four months, while personal income gained 0.2% on the month. On Friday, the government will release figures on nonfarm payrolls and the jobless rate for August. On the New York Mercantile Exchange, crude-oil futures fell 47 cents to $74.7 a barrel, while gold futures gained $1.3 to end at $1,239.20 an ounce.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.63 -0.31 1.15% 15,819,818 NYSE
Alcoa AA $10.25 -0.07 0.68% 21,868,907 NYSE
Amex AXP $39.89 -1.02 2.49% 5,062,123 NYSE
Bank of Am BAC $12.32 -0.32 2.53% 126,537,556 NYSE
Boeing BA $62.1 -1.06 1.68% 3,245,015 NYSE
Caterpillar CAT $64.47 -1.43 2.17% 5,109,979 NYSE
Chevron CVX $73.78 -1.15 1.53% 7,529,236 NYSE
CSCO $20.32 -0.49 2.35% 58,878,957 NASDAQ-GS
Coke KO $55.55 -0.61 1.09% 5,102,180 NYSE
DIS $32.35 -0.43 1.31% 7,050,098 NYSE
DuPont DD $40.32 -0.69 1.68% 4,308,366 NYSE
Exxon XOM $59 -0.80 1.34% 16,240,558 NYSE
GE $14.52 -0.19 1.29% 36,404,037 NYSE
Hewlett-Packard HPQ $38.56 +0.56 1.47% 29,353,651 NYSE
Home Depot HD $27.99 -0.75 2.61% 9,589,056 NYSE
Intel INTC $17.96 -0.41 2.23% 73,531,281 NASDAQ-GS
IBM $123.4 -1.33 1.07% 3,596,402 NYSE
JPMorgan JPM $35.85 -0.75 2.05% 27,184,181 NYSE
Johnson & John JNJ $57.3 -0.30 0.52% 9,217,199 NYSE
KFT $29.7 -0.30 1% 7,579,277 NYSE
McDonalds MCD $72.74 -1.25 1.69% 4,183,387 NYSE
MRK $34.73 -0.27 0.77% 6,766,416 NYSE
MSFT $23.64 -0.29 1.21% 45,361,089 NASDAQ-GS
Pfizer PFE $15.86 -0.23 1.43% 35,520,783 NYSE
Procter & Gam PG $59.37 -0.43 0.72% 7,454,371 NYSE
MMM $79.65 -1.35 1.67% 2,363,938 NYSE
Travelers TRV $48.95 -0.92 1.84% 2,958,841 NYSE
United Tech UTX $65.39 -1.18 1.77% 3,345,225 NYSE
Verizon VZ $29.44 -0.40 1.34% 10,377,847 Dual Listed
WalMart WMT $50.55 -0.45 0.88% 8,492,720 NYSE
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The following are excerpts from Monday morning's Blog:
A read of Monday's 8/30/10 issue of Barron's, New York Times, Wall St. Journal, Financial Times, USA Today, Daily Report (Ga) & 8/27/10 - 9/2/10 issue of Atlanta Business Chronicle (your Blogger has an article in it at page 29A "Some news laws could be comedic fodder") 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 10,150.65 up 164.84 or 1.65% from Thursday's close of 9,985.81. For the year the Dow is down 2.66%. For the week the Dow is down 62.97 0.62% from last Friday's close of 10,213.62. Of the 30 Dow Companies: 28 gained and 2 declined. The biggest gainers dollar-wise and percentage-wise were Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE and IBM $124.73 +1.95 1.59% 6,098,113 NYSE. The biggest decliner dollar-wise was and percentage-wise was DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE.
Friday's Dow Jones Industrial Average closing numerator was 1,341.20 up 21.78 from Thursday's closing numerator of 1,319.42. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 21.98 for Friday by the divisor (0.132129493) you get the increase in Friday's Dow of 164.84. 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 $44.71 up 0.73 from Thursday's Dow Jones Industrial Average average closing price of $43.98. The median closing price of Friday's Dow Jones Industrial Average was $41.46. The lowest volume was 3M MMM $81 +1.22 1.53% 3,363,586 NYSE and the highest volume again was Bank of America BAC $12.64 +0.17 1.36% 154,183,913 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 made $2,178 ($134,120 - $131,942).
MarketWatch 8/27/10 Friday 4:14 pm by Carla Mozee says U.S. stocks surged Friday after U.S. Federal Reserve Chairman Ben Bernanke pledged to fight any deflationary pressures and to prevent the economy from returning to recession. Stocks also advanced after the government's downward revision of second-quarter economic activity wasn't as sharp as expected. The Dow Jones Industrial Average (DJIA 10,151, +164.84, +1.65%) ended Friday up 165 points, or 1.7%, at 10,150.65. The S&P 500 Index (SPX 1,065, +17.37, +1.66%) rose 17 points, or 1.7%, to 1,064.59, and the Nasdaq Composite /COMP 2,154, +34.94, +1.65%) gained 35 points, or 1.7%, to close at 2,153.63. But the week was littered with disappointing economic reports, leaving the benchmarks down for the week. The Dow posted a weekly loss of 0.6% and the S&P 500 (SPX 1,065, +17.37, +1.66%) fell 0.7%, with each marking its third straight week of declines. The Nasdaq dropped 1.2% for the week, its second weekly loss in three.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.94 +0.24 0.9% 20,787,204 NYSE: No mentions found.
Alcoa AA $10.32 +0.31 3.1% 24,222,230 NYSE: No mentions found.
Amex AXP $40.91 +1.18 2.97% 7,276,686 NYSE: No mentions found.
Bank of Am BAC $12.64 +0.17 1.36% 154,183,913 NYSE: WSJ pC3 "Judge rules BofA suits can proceed" says two investor lawsuits over Bank of America's disclosures before its acquisition of Merrill Lynch can proceed Fed Judge Castel in NYC ruled.
Boeing BA $63.16 +1.84 3% 6,705,378 NYSE: No mentions found.
Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE: No mentions found.
Chevron CVX $74.93 +1.60 2.18% 8,484,542 NYSE: No mentions found.
Cisco CSCO $20.81 +0.11 0.53% 61,424,438 NASDAQ-GS: Barron's pM11 "Options" by Steven M. Sears says many clients are buying Cisco systems and shorting Juniper networks.
Coke KO $56.16 +1 1.81% 9,649,615 NYSE: Atlanta Business Chronicle p11A "CCe/Coke deal will cost hundreds of millions" by David Allison says as they move closed to the expected 4Q completion of tier $13 bil megadeal, The Coca-Cola co. and coca-Cola Enterprises Inc. are preparing to spend hundreds of millions of dollars on fees and expenses. In its 2Q report, coke said it expects the total cost of integrating CCe's N. Amer businesses will be $425 mil and that it will absorb the costs over the next 3 years.
Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Disney DIS $32.78 +0.84 2.63% 10,954,226 NYSE: WSJ pB4 "Disney, Time Warner cable near agreement" by Sam Schechner, NYT pB6 "Time Warner Cable & Disney are near a deal on fees" by Brooks Barnes & USA Today p1B Walt Disney, Time Warner cite progress" say Disney and Time Warner Cable are nearing a deal to pipe TV channels like ABC & ESPN into millions of US homes and expect to reach an agreement in time to avert a threatened blackout. Disney and Time Warner,the 2nd largest US cable operator, have been in negotiations for weeks as the clock ticks toward the expiration of thier existing deal after midnight Thurs morning. If no new deal is struck, millions of Time Warner Cable tv subscribers would lose access to football games on ESPN and ABC tv shows.
DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE: No mentions found.
Exxon XOM $59.8 +1.32 2.26% 27,613,419 NYSE: No mentions found.
GE $14.71 +0.21 1.45% 45,716,048 NYSE: WSJ pB1 "Comcast gets static on net tv" by Jessica E. Vascellaro says the Justice Dept. is focusing in on how Comcast's bid to buy control of GE's NBC Universal tv and movie unit could affect the emerging Internet video market. Competitors have complained that the combined powerhouse could stunt the Internet industry's gorwth. During its 8 month review of the $13.75 bil deal, the agency's antitrust div has become interested in finding out whether Comcast and other cable and satellite giants are trying to lock up distribution rights to tv programming on the Internet, which wold block potential competition.
Hewlett-Packard HPQ $38 -0.22 0.58% 36,912,162 NYSE: USA Today p1B 3Par calls HP's bid superior to Dell's" says 3Par says its board has said that Hewlett-Packard's $2 bil, $30 a sahre takeover bid is superior to a rival offer from Dell, but Dell is mullng a higher bid.
Barron's pM6 which charts 3Par says Hewlett-Packard declined 22 cents as its battle with Dell for 3Par continued.
Home Depot HD $28.74 +0.36 1.27% 12,555,438 NYSE: Daily Report p6 "Home improvement dreams shrink" by Chris Burritt, Bloomberg says Home Depot and Lowe's cut '10 forecasts as spending on home renovation for the year ending 9/30 will fall 25% to $107.7 bil compared with the same period a year earlier.
Atlanta Business Chronicle p10A "Home Depot selling EcoSmart LEDs" says it began selling light emitting diodes under its proprietary brand, EcoSmart.
Intel INTC $18.37 +0.19 1.05% 134,389,048 NASDAQ-GS: WSJ pB1 "Intel seeks maker of chips for phones" by Gina Chon says Intel is finalizing a deal to acquire Infineion Technologies AG's wireless-chip unit for less than $1.5 bil. A deal to buy the German unit could be announced today. On Aug. 19, Intel said it was acquiring the security tech firm McAfee for $7.7 bil.
Barron's pM3 "The Trader" by Kopin Tan & Barron's pM6 which charts Intel says Intel slashed its quarterly rev forecast as economic weakness undermines demand for personal computers, heightening concerns that a rebound in tech spending may be petering out. Intel says it now expects 3Q rev of $10.8 bil to $11.2 bil and a gross margin of 66%. Earlier this month, Cisco's CEO John Chambers warned of unusual uncertainty in the global economy that could crimp sales.
IBM $124.73 +1.95 1.59% 6,098,113 NYSE: No mentions found.
JPMorgan JPM $36.6 -0.97 2.72% 37,859,796 NYSE: No mentions found.
Johnson & Johnson JNJ $57.6 +0.20 0.35% 11,461,252 NYSE: WSJ pB3 "J&J chief tends corporate wounds" by Joann S. Lublin says CEO William Weldon is expected to retie next year and he is addressing the firm's problems with a quality team.
Kraft KFT $30 +0.58 1.97% 11,654,894 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
McDonalds MCD $73.99 +0.83 1.13% 6,487,223 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Merck MRK $35 +0.52 1.51% 9,287,928 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Microsoft MSFT $23.93 +0.11 0.46% 60,320,350 NASDAQ-GS: No mentions found.
Pfizer PFE $16.09 +0.19 1.19% 37,677,388 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Procter & Gamble PG $59.8 +0.26 0.44% 10,097,508 NYSE: No mentions found.
3M MMM $81 +1.22 1.53% 3,363,586 NYSE: No mentions found.
Travelers TRV $49.87 +0.84 1.71% 4,342,375 NYSE: No mentions found.
United Tech UTX $66.57 +1.52 2.34% 4,963,913 NYSE: No mentions found.
Verizon VZ $29.84 +0.34 1.15% 12,516,626 Dual Listed: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
WalMart WMT $51 +0.03 0.06% 11,811,145 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Verizon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
8/30/10 Mon am Disney and Time Warner are Near Deal; Intel to Acquire Unit of Infineon
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Post No. 612 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
A read of Monday's 8/30/10 issue of Barron's, New York Times, Wall St. Journal, Financial Times, USA Today, Daily Report (Ga) & 8/27/10 - 9/2/10 issue of Atlanta Business Chronicle (your Blogger has an article in it at page 29A "Some news laws could be comedic fodder") 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 10,150.65 up 164.84 or 1.65% from Thursday's close of 9,985.81. For the year the Dow is down 2.66%. For the week the Dow is down 62.97 0.62% from last Friday's close of 10,213.62. Of the 30 Dow Companies: 28 gained and 2 declined. The biggest gainers dollar-wise and percentage-wise were Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE and IBM $124.73 +1.95 1.59% 6,098,113 NYSE. The biggest decliner dollar-wise was and percentage-wise was DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE.
As of the open of the market Monday, 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 13.70 up from Friday's 13.47 (year ago it was 15.40) the P/E estimate is 12.02 down from Friday's 12.36 (year ago it was 15.08) and the current dividend yield is 2.77 down from Friday's 2.81 (it was 2.99 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 1,341.20 up 21.78 from Thursday's closing numerator of 1,319.42. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 21.98 for Friday by the divisor (0.132129493) you get the increase in Friday's Dow of 164.84. 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 $44.71 up 0.73 from Thursday's Dow Jones Industrial Average average closing price of $43.98. The median closing price of Friday's Dow Jones Industrial Average was $41.46. The lowest volume was 3M MMM $81 +1.22 1.53% 3,363,586 NYSE and the highest volume again was Bank of America BAC $12.64 +0.17 1.36% 154,183,913 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 made $2,178 ($134,120 - $131,942).
MarketWatch 8/27/10 Friday 4:14 pm by Carla Mozee says U.S. stocks surged Friday after U.S. Federal Reserve Chairman Ben Bernanke pledged to fight any deflationary pressures and to prevent the economy from returning to recession. Stocks also advanced after the government's downward revision of second-quarter economic activity wasn't as sharp as expected. The Dow Jones Industrial Average (DJIA 10,151, +164.84, +1.65%) ended Friday up 165 points, or 1.7%, at 10,150.65. The S&P 500 Index (SPX 1,065, +17.37, +1.66%) rose 17 points, or 1.7%, to 1,064.59, and the Nasdaq Composite /COMP 2,154, +34.94, +1.65%) gained 35 points, or 1.7%, to close at 2,153.63. But the week was littered with disappointing economic reports, leaving the benchmarks down for the week. The Dow posted a weekly loss of 0.6% and the S&P 500 (SPX 1,065, +17.37, +1.66%) fell 0.7%, with each marking its third straight week of declines. The Nasdaq dropped 1.2% for the week, its second weekly loss in three.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.94 +0.24 0.9% 20,787,204 NYSE: No mentions found.
Alcoa AA $10.32 +0.31 3.1% 24,222,230 NYSE: No mentions found.
Amex AXP $40.91 +1.18 2.97% 7,276,686 NYSE: No mentions found.
Bank of Am BAC $12.64 +0.17 1.36% 154,183,913 NYSE: WSJ pC3 "Judge rules BofA suits can proceed" says two investor lawsuits over Bank of America's disclosures before its acquisition of Merrill Lynch can proceed Fed Judge Castel in NYC ruled.
Boeing BA $63.16 +1.84 3% 6,705,378 NYSE: No mentions found.
Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE: No mentions found.
Chevron CVX $74.93 +1.60 2.18% 8,484,542 NYSE: No mentions found.
Cisco CSCO $20.81 +0.11 0.53% 61,424,438 NASDAQ-GS: Barron's pM11 "Options" by Steven M. Sears says many clients are buying Cisco systems and shorting Juniper networks.
Coke KO $56.16 +1 1.81% 9,649,615 NYSE: Atlanta Business Chronicle p11A "CCe/Coke deal will cost hundreds of millions" by David Allison says as they move closed to the expected 4Q completion of tier $13 bil megadeal, The Coca-Cola co. and coca-Cola Enterprises Inc. are preparing to spend hundreds of millions of dollars on fees and expenses. In its 2Q report, coke said it expects the total cost of integrating CCe's N. Amer businesses will be $425 mil and that it will absorb the costs over the next 3 years.
Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Disney DIS $32.78 +0.84 2.63% 10,954,226 NYSE: WSJ pB4 "Disney, Time Warner cable near agreement" by Sam Schechner, NYT pB6 "Time Warner Cable & Disney are near a deal on fees" by Brooks Barnes & USA Today p1B Walt Disney, Time Warner cite progress" say Disney and Time Warner Cable are nearing a deal to pipe TV channels like ABC & ESPN into millions of US homes and expect to reach an agreement in time to avert a threatened blackout. Disney and Time Warner,the 2nd largest US cable operator, have been in negotiations for weeks as the clock ticks toward the expiration of thier existing deal after midnight Thurs morning. If no new deal is struck, millions of Time Warner Cable tv subscribers would lose access to football games on ESPN and ABC tv shows.
DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE: No mentions found.
Exxon XOM $59.8 +1.32 2.26% 27,613,419 NYSE: No mentions found.
GE $14.71 +0.21 1.45% 45,716,048 NYSE: WSJ pB1 "Comcast gets static on net tv" by Jessica E. Vascellaro says the Justice Dept. is focusing in on how Comcast's bid to buy control of GE's NBC Universal tv and movie unit could affect the emerging Internet video market. Competitors have complained that the combined powerhouse could stunt the Internet industry's gorwth. During its 8 month review of the $13.75 bil deal, the agency's antitrust div has become interested in finding out whether Comcast and other cable and satellite giants are trying to lock up distribution rights to tv programming on the Internet, which wold block potential competition.
Hewlett-Packard HPQ $38 -0.22 0.58% 36,912,162 NYSE: USA Today p1B 3Par calls HP's bid superior to Dell's" says 3Par says its board has said that Hewlett-Packard's $2 bil, $30 a sahre takeover bid is superior to a rival offer from Dell, but Dell is mullng a higher bid.
Barron's pM6 which charts 3Par says Hewlett-Packard declined 22 cents as its battle with Dell for 3Par continued.
Home Depot HD $28.74 +0.36 1.27% 12,555,438 NYSE: Daily Report p6 "Home improvement dreams shrink" by Chris Burritt, Bloomberg says Home Depot and Lowe's cut '10 forecasts as spending on home renovation for the year ending 9/30 will fall 25% to $107.7 bil compared with the same period a year earlier.
Atlanta Business Chronicle p10A "Home Depot selling EcoSmart LEDs" says it began selling light emitting diodes under its proprietary brand, EcoSmart.
Intel INTC $18.37 +0.19 1.05% 134,389,048 NASDAQ-GS: WSJ pB1 "Intel seeks maker of chips for phones" by Gina Chon says Intel is finalizing a deal to acquire Infineion Technologies AG's wireless-chip unit for less than $1.5 bil. A deal to buy the German unit could be announced today. On Aug. 19, Intel said it was acquiring the security tech firm McAfee for $7.7 bil.
Barron's pM3 "The Trader" by Kopin Tan & Barron's pM6 which charts Intel says Intel slashed its quarterly rev forecast as economic weakness undermines demand for personal computers, heightening concerns that a rebound in tech spending may be petering out. Intel says it now expects 3Q rev of $10.8 bil to $11.2 bil and a gross margin of 66%. Earlier this month, Cisco's CEO John Chambers warned of unusual uncertainty in the global economy that could crimp sales.
IBM $124.73 +1.95 1.59% 6,098,113 NYSE: No mentions found.
JPMorgan JPM $36.6 -0.97 2.72% 37,859,796 NYSE: No mentions found.
Johnson & Johnson JNJ $57.6 +0.20 0.35% 11,461,252 NYSE: WSJ pB3 "J&J chief tends corporate wounds" by Joann S. Lublin says CEO William Weldon is expected to retie next year and he is addressing the firm's problems with a quality team.
Kraft KFT $30 +0.58 1.97% 11,654,894 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
McDonalds MCD $73.99 +0.83 1.13% 6,487,223 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Merck MRK $35 +0.52 1.51% 9,287,928 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Microsoft MSFT $23.93 +0.11 0.46% 60,320,350 NASDAQ-GS: No mentions found.
Pfizer PFE $16.09 +0.19 1.19% 37,677,388 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Procter & Gamble PG $59.8 +0.26 0.44% 10,097,508 NYSE: No mentions found.
3M MMM $81 +1.22 1.53% 3,363,586 NYSE: No mentions found.
Travelers TRV $49.87 +0.84 1.71% 4,342,375 NYSE: No mentions found.
United Tech UTX $66.57 +1.52 2.34% 4,963,913 NYSE: No mentions found.
Verizon VZ $29.84 +0.34 1.15% 12,516,626 Dual Listed: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
WalMart WMT $51 +0.03 0.06% 11,811,145 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Verizon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
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. 612 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.
A read of Monday's 8/30/10 issue of Barron's, New York Times, Wall St. Journal, Financial Times, USA Today, Daily Report (Ga) & 8/27/10 - 9/2/10 issue of Atlanta Business Chronicle (your Blogger has an article in it at page 29A "Some news laws could be comedic fodder") 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 10,150.65 up 164.84 or 1.65% from Thursday's close of 9,985.81. For the year the Dow is down 2.66%. For the week the Dow is down 62.97 0.62% from last Friday's close of 10,213.62. Of the 30 Dow Companies: 28 gained and 2 declined. The biggest gainers dollar-wise and percentage-wise were Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE and IBM $124.73 +1.95 1.59% 6,098,113 NYSE. The biggest decliner dollar-wise was and percentage-wise was DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE.
As of the open of the market Monday, 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 13.70 up from Friday's 13.47 (year ago it was 15.40) the P/E estimate is 12.02 down from Friday's 12.36 (year ago it was 15.08) and the current dividend yield is 2.77 down from Friday's 2.81 (it was 2.99 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 1,341.20 up 21.78 from Thursday's closing numerator of 1,319.42. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 21.98 for Friday by the divisor (0.132129493) you get the increase in Friday's Dow of 164.84. 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 $44.71 up 0.73 from Thursday's Dow Jones Industrial Average average closing price of $43.98. The median closing price of Friday's Dow Jones Industrial Average was $41.46. The lowest volume was 3M MMM $81 +1.22 1.53% 3,363,586 NYSE and the highest volume again was Bank of America BAC $12.64 +0.17 1.36% 154,183,913 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 made $2,178 ($134,120 - $131,942).
MarketWatch 8/27/10 Friday 4:14 pm by Carla Mozee says U.S. stocks surged Friday after U.S. Federal Reserve Chairman Ben Bernanke pledged to fight any deflationary pressures and to prevent the economy from returning to recession. Stocks also advanced after the government's downward revision of second-quarter economic activity wasn't as sharp as expected. The Dow Jones Industrial Average (DJIA 10,151, +164.84, +1.65%) ended Friday up 165 points, or 1.7%, at 10,150.65. The S&P 500 Index (SPX 1,065, +17.37, +1.66%) rose 17 points, or 1.7%, to 1,064.59, and the Nasdaq Composite /COMP 2,154, +34.94, +1.65%) gained 35 points, or 1.7%, to close at 2,153.63. But the week was littered with disappointing economic reports, leaving the benchmarks down for the week. The Dow posted a weekly loss of 0.6% and the S&P 500 (SPX 1,065, +17.37, +1.66%) fell 0.7%, with each marking its third straight week of declines. The Nasdaq dropped 1.2% for the week, its second weekly loss in three.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.94 +0.24 0.9% 20,787,204 NYSE: No mentions found.
Alcoa AA $10.32 +0.31 3.1% 24,222,230 NYSE: No mentions found.
Amex AXP $40.91 +1.18 2.97% 7,276,686 NYSE: No mentions found.
Bank of Am BAC $12.64 +0.17 1.36% 154,183,913 NYSE: WSJ pC3 "Judge rules BofA suits can proceed" says two investor lawsuits over Bank of America's disclosures before its acquisition of Merrill Lynch can proceed Fed Judge Castel in NYC ruled.
Boeing BA $63.16 +1.84 3% 6,705,378 NYSE: No mentions found.
Caterpillar CAT $65.9 +1.95 3.05% 7,381,883 NYSE: No mentions found.
Chevron CVX $74.93 +1.60 2.18% 8,484,542 NYSE: No mentions found.
Cisco CSCO $20.81 +0.11 0.53% 61,424,438 NASDAQ-GS: Barron's pM11 "Options" by Steven M. Sears says many clients are buying Cisco systems and shorting Juniper networks.
Coke KO $56.16 +1 1.81% 9,649,615 NYSE: Atlanta Business Chronicle p11A "CCe/Coke deal will cost hundreds of millions" by David Allison says as they move closed to the expected 4Q completion of tier $13 bil megadeal, The Coca-Cola co. and coca-Cola Enterprises Inc. are preparing to spend hundreds of millions of dollars on fees and expenses. In its 2Q report, coke said it expects the total cost of integrating CCe's N. Amer businesses will be $425 mil and that it will absorb the costs over the next 3 years.
Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Disney DIS $32.78 +0.84 2.63% 10,954,226 NYSE: WSJ pB4 "Disney, Time Warner cable near agreement" by Sam Schechner, NYT pB6 "Time Warner Cable & Disney are near a deal on fees" by Brooks Barnes & USA Today p1B Walt Disney, Time Warner cite progress" say Disney and Time Warner Cable are nearing a deal to pipe TV channels like ABC & ESPN into millions of US homes and expect to reach an agreement in time to avert a threatened blackout. Disney and Time Warner,the 2nd largest US cable operator, have been in negotiations for weeks as the clock ticks toward the expiration of thier existing deal after midnight Thurs morning. If no new deal is struck, millions of Time Warner Cable tv subscribers would lose access to football games on ESPN and ABC tv shows.
DuPont DD $41.01 +1.52 3.85% 6,523,368 NYSE: No mentions found.
Exxon XOM $59.8 +1.32 2.26% 27,613,419 NYSE: No mentions found.
GE $14.71 +0.21 1.45% 45,716,048 NYSE: WSJ pB1 "Comcast gets static on net tv" by Jessica E. Vascellaro says the Justice Dept. is focusing in on how Comcast's bid to buy control of GE's NBC Universal tv and movie unit could affect the emerging Internet video market. Competitors have complained that the combined powerhouse could stunt the Internet industry's gorwth. During its 8 month review of the $13.75 bil deal, the agency's antitrust div has become interested in finding out whether Comcast and other cable and satellite giants are trying to lock up distribution rights to tv programming on the Internet, which wold block potential competition.
Hewlett-Packard HPQ $38 -0.22 0.58% 36,912,162 NYSE: USA Today p1B 3Par calls HP's bid superior to Dell's" says 3Par says its board has said that Hewlett-Packard's $2 bil, $30 a sahre takeover bid is superior to a rival offer from Dell, but Dell is mullng a higher bid.
Barron's pM6 which charts 3Par says Hewlett-Packard declined 22 cents as its battle with Dell for 3Par continued.
Home Depot HD $28.74 +0.36 1.27% 12,555,438 NYSE: Daily Report p6 "Home improvement dreams shrink" by Chris Burritt, Bloomberg says Home Depot and Lowe's cut '10 forecasts as spending on home renovation for the year ending 9/30 will fall 25% to $107.7 bil compared with the same period a year earlier.
Atlanta Business Chronicle p10A "Home Depot selling EcoSmart LEDs" says it began selling light emitting diodes under its proprietary brand, EcoSmart.
Intel INTC $18.37 +0.19 1.05% 134,389,048 NASDAQ-GS: WSJ pB1 "Intel seeks maker of chips for phones" by Gina Chon says Intel is finalizing a deal to acquire Infineion Technologies AG's wireless-chip unit for less than $1.5 bil. A deal to buy the German unit could be announced today. On Aug. 19, Intel said it was acquiring the security tech firm McAfee for $7.7 bil.
Barron's pM3 "The Trader" by Kopin Tan & Barron's pM6 which charts Intel says Intel slashed its quarterly rev forecast as economic weakness undermines demand for personal computers, heightening concerns that a rebound in tech spending may be petering out. Intel says it now expects 3Q rev of $10.8 bil to $11.2 bil and a gross margin of 66%. Earlier this month, Cisco's CEO John Chambers warned of unusual uncertainty in the global economy that could crimp sales.
IBM $124.73 +1.95 1.59% 6,098,113 NYSE: No mentions found.
JPMorgan JPM $36.6 -0.97 2.72% 37,859,796 NYSE: No mentions found.
Johnson & Johnson JNJ $57.6 +0.20 0.35% 11,461,252 NYSE: WSJ pB3 "J&J chief tends corporate wounds" by Joann S. Lublin says CEO William Weldon is expected to retie next year and he is addressing the firm's problems with a quality team.
Kraft KFT $30 +0.58 1.97% 11,654,894 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
McDonalds MCD $73.99 +0.83 1.13% 6,487,223 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
Merck MRK $35 +0.52 1.51% 9,287,928 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Microsoft MSFT $23.93 +0.11 0.46% 60,320,350 NASDAQ-GS: No mentions found.
Pfizer PFE $16.09 +0.19 1.19% 37,677,388 NYSE: WSJ pA1 "Sanofi unveils Genzyme Bear Hug" by Gina Chon says French pharma firm Sanofi-Aventis SA on Sun went public with its $18.5 bil all cash bid for Genzyme Crop. ratcheting up the pressure on the biotech firm. The pharma industry is facing a patent cliff in the next 3 years when several blockbuster drugs are going generic and efforts to come p with replacements in markets such as cardiology and psychiatry have come up short. Pfizer and Merck made big acquisitions last year after struggling to develop new hits of their own, and in the process were able to cut billions of dollars by laying off workers and consolidating functions.
Procter & Gamble PG $59.8 +0.26 0.44% 10,097,508 NYSE: No mentions found.
3M MMM $81 +1.22 1.53% 3,363,586 NYSE: No mentions found.
Travelers TRV $49.87 +0.84 1.71% 4,342,375 NYSE: No mentions found.
United Tech UTX $66.57 +1.52 2.34% 4,963,913 NYSE: No mentions found.
Verizon VZ $29.84 +0.34 1.15% 12,516,626 Dual Listed: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yields will stay depressed. His so called "better than bonds" stock based includes Vierzon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
WalMart WMT $51 +0.03 0.06% 11,811,145 NYSE: Barron's pM3 "The Trader" by Kopin Tan says Douglas Cliggott, Credit Suisse' US equity strategist thinks yeilds will stay depressed. His so called "better than bonds" stock based includes Verizon, Coca-Cola and McDonald's. Also Tan says Green Mountain Coffee Roasters is miling the hottest trend of single servings coffee such as is made by its Keurig brewers which are sold "everywhere from Bloomingdale's to WalMart. Keurig competes with Sara Lee and Kraft.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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
GE: 8/2/10 10Q 1Q 6/30/10
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.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
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: 7/26/10 10Q 1Q 6/30/10
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.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.
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