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Post No. 584. The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.
The Dow Jones Industrial Average closed Thursday at 10,319.95 down 58.88 or 0.57% from Wednesday's close of 10,378.83. Of the 30 Dow Companies: 10 gained and 20 declined. The biggest gainer dollar-wise and percentage-wise was Verizon VZ $30.32 +0.76 2.57% 30,683,141 Dual Listed. The biggest decliner dollar-wise and percentage-wise was Cisco CSCO $21.36 -2.37 9.99% 225,079,633 NASDAQ-GS.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.01 down from Wednesday's 14.40 (year ago it was 15.13) the P/E estimate is 12.80 unchanged from Wednesday's 12.80 (year ago it was 14.75) and the current dividend yield is 2.69 up from Wednesday's 2.62 (it was 3.05 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,363.56 down 8.18 from Wednesday's closing numerator of 1,371.74. 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 8.18 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 58.88. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $45.45 down $0.26 from Wednesday's Dow Jones Industrial Average average closing price of $45.71. The median closing price of Thursday's Dow Jones Industrial Average was $39.98 down $0.41 from Wednesday's median price of $40.39. The lowest volume was 3M MMM $84.01 0.09 0.11% 3,434,659 NYSE and the highest volume again was Bank of America BAC $13.0625 -0.1275 0.97% 146,011,743 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $779 ($137,135- $136,356).
MarketWatch 8/12/10 Thurs. 4:52 pm by Jonathan Cheng & Donna Yesalavich says U.S. stocks declined for a third straight session as economic warnings from weekly jobs data and Cisco Systems Inc. added to investors' concerns about a possible double-dip recession. The Dow Jones Industrial Average (DJIA 10,320, -58.88, -0.57%) lost 58.88 points, or 0.57%, to 10319.95, adding to a 320-point drop over the prior two sessions. The blue-chip index, which has been under pressure since the Federal Reserve downgraded its outlook on the recovery on Tuesday, has shed 3.1% this week, putting it on track to break a three-week winning streak. Cisco shares are down sharply today in the wake of the quarterly results and a cautious outlook from CEO John Chambers. The latest economic snapshots showed U.S. weekly jobless claims unexpectedly rose and euro-zone industrial production fell. Cisco, a technology bellwether seen as a proxy for broad corporate spending, reported revenue that fell short of forecasts and offered a gloomy sales outlook. Weighed down by 10% tumble in Cisco shares, the Standard & Poor's 500-stock index SPX 1,084, -5.86, -0.54%) fell 0.5% to 1083.61, and the tech-heavy Nasdaq Composite (COMP 2,190, -18.36, -0.83%) declined 0.8% to 2190.27. For the week, the S&P 500 is down 3.4% while the Nasdaq has dropped 4.3%. Other technology stocks followed Cisco's lead, with the top seven S&P 500 decliners all tech firms. NetApp Inc. (NTAP 37.58, -3.59, -8.72%) shares fell 8.7%, Juniper Networks Inc. (JNPR 25.78, -1.89, -6.83%) shares dropped 6.8%, Altera Corp. (ALTR 25.24, -1.63, -6.08%) declined 6.1% and Xilinx Inc. (XLNX 25.50, -1.35, -5.03%) dropped 5%. Stock indexes started the trading day deep in the red before slowly paring their declines. Amid the stock selling, investors rushed for safety in the dollar. The U.S. Dollar Index (DXY 82.61, +0.32, +0.38%) , reflecting the U.S. currency against a basket of six others, climbed 0.3%.
Demand for 30-year Treasurys (UST30Y 3.95, +0.02, +0.51%) rose earlier in the session, pushing their yield to 3.910%. However, the yield increased to 3.945% after demand on a $16 billion sale of 30-year bonds was relatively weak compared with other sales earlier in the week. Meanwhile, the yield on the 10-year (UST10Y 2.75, +0.06, +2.19%) edged up to 2.745% a day after touching its weakest level since April 2009. Gold rose to $1214.80, its highest settle since the end of June, while crude-oil futures slid for the sixth day in the last seven, tumbling 2.9% to below $76 a barrel. Read more about oil's slide here. The euro EURUSD 1.2825, -0.0019, -0.1479%) slipped to $1.2820, from $1.2883 late Wednesday in New York, as the drop in euro-zone industrial production weighed along with data showing the Greek economy contracted sharply in the second quarter as government austerity measures bit deeper into incomes. In the U.S., analysts and investors parsed Cisco's results for signs about corporate spending. Because the company's routers and networking equipment are used globally, Cisco is especially privy to shifts in the spending habits from consumers and businesses. The report was also concerning because Cisco was the first big company to report earnings that included July. Earnings for the quarter ended in June largely came in above expectations, with many companies saying they had hardly been impacted by disappointing economic data, but Cisco's report indicates the economic weakness is now starting to chip away at the corporate sector's strength. See Tech Stocks for more on Cisco. Still, he said he's not completely sure what to make of the market's recent slump given that it has come on light volume. About 3.9 billion shares changed hands in New York Stock Exchange Composite volume, well below the daily average of 5.4 billion shares. Initial public offerings were one bright spot, receiving a much-needed boost as Indian travel site MakeMyTrip surged 89% to make it the best-performing IPO in the U.S. this year. Rental housing software firm RealPage RP 14.52, +1.52, +11.69%) rose 32% on its first day of trading.
Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.66 +0.11 0.41% 30,439,082 NYSE
Alcoa AA $10.7295 +0.0695 0.65% 19,424,399 NYSE
American Express AXP $42.15 -0.81 1.89% 8,590,375 NYSE
Bank of America BAC $13.0625 -0.1275 0.97% 146,011,743 NYSE
Boeing BA $64.7 -0.90 1.37% 3,815,788 NYSE
Caterpillar CAT $67.5 -1.21 1.76% 7,597,120 NYSE
Chevron CVX $77.07 -0.06 0.08% 8,934,291 NYSE
Cisco CSCO $21.36 -2.37 9.99% 225,079,633 NASDAQ-GS
Coca-Cola KO $55.69 -0.35 0.62% 9,270,932 NYSE
Walt Disney DIS $33.99 -0.23 0.67% 11,755,205 NYSE
DuPont DD $40.77 -0.27 0.67% 6,477,049 NYSE
ExxonMobil XOM $60.23 -0.16 0.26% 16,824,224 NYSE
GE $15.495 -0.205 1.31% 57,924,504 NYSE
Hewlett-Packard HPQ $40.14 -0.63 1.55% 52,549,246 NYSE
Home Depot HD $27.61 -0.10 0.36% 9,859,596 NYSE
Intel INTC $19.45 +0.025 0.13% 86,172,928 NASDAQ-GS
IBM $128.3 -1.53 1.18% 5,099,091 NYSE
J.P.Morgan Chase JPM $37.81 +0.04 0.11% 35,244,984 NYSE
Johnson & Johnson JNJ $58.52 +0.02 0.03% 8,197,953 NYSE
Kraft KFT $29.5 -0.08 0.27% 7,025,199 NYSE
McDonald's MCD $72.06 +0.49 0.68% 5,638,641 NYSE
Merck MRK $35.04 +0.15 0.43% 9,156,178 NYSE
Microsoft MSFT $24.49 -0.37 1.49% 70,138,989 NASDAQ-GS
Pfizer PFE $16.2 +0.20 1.25% 48,404,618 NYSE
Procter & Gamble PG $59.99 -0.28 0.46% 11,568,165 NYSE
3M MMM $84.01 0.09 0.11% 3,434,659 NYSE
Travelers TRV $49.63 +0.67 1.37% 5,019,886 NYSE
United TechnologiesUTX $70.58 -0.69 0.97% 2,854,904 NYSE
Verizon VZ $30.32 +0.76 2.57% 30,683,141 Dual Listed
WalMart WMT $50.43 -0.59 1.16% 12,779,685 NYSE
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The following are excerpts from Thurs. am Blog:
A read of Thursday's issues of 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average The Dow Jones Industrial Average closed Wednesday at 10,378.83 down 265.42 or 2.49% from Tuesday's close of 10,644.25. For the year the Dow is done 0.47%. Of the 30 Dow Companies: all 30 declined. The biggest decliner dollar-wise was 3M MMM $84.01 -3.10 3.56% 3,859,270 NYSE and percentage-wise was Alcoa AA $10.64 -0.71 6.26% 30,016,107 NYSE.
WSJ pC1 "Dow loses grip on the year's gains" by Jonathan Cheng says unsettling data and contral bank messages from he US, Asia and Europe pushed global growh fears to the fore on Wed prompting investors around the world to dive into safer assets. blue chip stocks posted their worst daily decline in more than a month, pushing the Dow into negative territory for the year. Firm with global exposure like Alcoa, Boeing and Caterpillar also weighed heaving falling 6.1%, 4.4% and 3.8% respectively. Cisco Systems added to the downbeat mood afer hours, tumbling more than 8% after reporting disappointing earnings and uttering glum remarks on the sentiment of its customers.
WSJ pC5 "Dow's 30 members all lost" by Donna Yesalavich says blue chip heavy weights Alcoa, Boeing and Caterpillar led broad declines in US stocks as signs of weakening growth in China exacerbated fears about a global slowdown.
Fin Times pA20 "Materials & energy decline on back of weak Chinese data" by Hannah Kuchler says US stocks dropped yesterday after the Fed Res lowered its outlook for economic growth on Tues and weaker Chinese manufacturing data raised question about the pace of recovery. The S&P Energy sector was down 2.9% with oil firms Exxon falling 1.8%, Chevron declining 2.4% and Conoco-Phllips sliding 2.4%. The S&P 500 Financials sector also suffered, closing down 3.6% led by Hartford Financial down 7.5%, Bank of America down 3.2% and JP Morgan down 3.6%. Shares in Walt disney fell 3% in spite of reporting better than expected earnings.
USA Today p4B "Markets plummet amid economic fears" by Bloomberg says stocks dropped the most in 3 weeks Wed as equities retreated from Tokyo to Moscow London amid speculation the Fed Res's stimulus plan indicates the economic recovery is in jeopardy.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.01 down from Wednesday's 14.40 (year ago it was 15.13) the P/E estimate is 12.80 unchanged from Wednesday's 12.80 (year ago it was 14.75) and the current dividend yield is 2.69 up from Wednesday's 2.62 (it was 3.05 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,371.74 down 35.32 from Tuesday's closing numerator of 1,406.42. 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 decrease of 735.32 for Wednesday by the divisor 0.132129493) you get the decrease in Wednesday's Dow of 35.32. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $45.71 down $1.17 from Tuesday's Dow Jones Industrial Average average closing price of $46.88. The median closing price of Wednesday's Dow Jones Industrial Average was $40.39 down $1.30 from Tuesday's median price of $41.69. The lowest volume was 3M MMM $84.01 -3.10 3.56% 3,859,270 NYSE and the highest volume again was Bank of America BAC $13.17 -0.46 3.37% 160,758,893 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $3,507 ($140,642 - $137,135).
MarketWatch 8/11/10 Wed. 4:07 pm by Kate Gibson says U.S. stocks were clobbered Wednesday, with the Dow industrials tallying their biggest single-day loss since June 29, as Wall Street fretted about the economic recovery in the wake of the Federal Reserve's stimulus plan the prior day. The Dow Jones Industrial Average (DJIA 10,379, -265.42, -2.49%) fell 265.42 points, or 2.5%, to 10,378.83. The S&P 500 (SPX 1,089, -31.59, -2.82%) declined 31.56 points, or 2.8%, to 1,089.50. The Nasdaq Composite /(COMP 2,209, -68.54, -3.01%) shed 68.54 points, or 3%, to 2,208.63.
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.58 -0.43 1.59% 23,724,918 NYSE: WSJ pB4 "AT&T backs neutrality effort" by Roge Cheng says AT&T said a proposal from Google and Verizon Communications was a good start in dealing with the regulation of broadband Internet lines, but that the issue must be settled ultimately by Congress. AT&T was the latest firm to weigh in on a joint proposal by Google and Verizon to establish rules on how deeply broadband operators can manage the traffic riding on their networks. Related story at NYT pB1 "Web plan is dividing companies" by Claire Cain Miller.
WSJ pD1 "Dell's Streak: a tiny tablet that takes calls, too" by Walter S. Mossberg says the Streak has several shortcomings. It goes on sale 8/13 at $300 for a 2 year contract with AT&T or $550 without a contract. The Streak will be available only through Dell's website, not at any stores, not even AT&T's.
Alcoa AA $10.64 -0.71 6.26% 30,016,107 NYSE: WSJ pC1 "Dow loses grip on the year's gains" by Jonathan Cheng says unsettling data and contral bank messages from he US, Asia and Europe pushed global growh fears to the fore on Wed prompting investors around the world to dive into safer assets. blue chip stocks posted their worst daily decline in more than a month, pushing the Dow into negative territory for the year. Firm with global exposure like Alcoa, Boeing and Caterpillar also weighed heaving falling 6.1%, 4.4% and 3.8% respectively. Cisco Systems added to the downbeat mood afer hours, tumbling more than 8% after reporting disappointing earnings and uttering glum remarks on the sentiment of its customers.
WSJ pC5 "Dow's 30 members all lost" by Donna Yesalavich says blue chip heavy weights Alcoa, Boeing and Caterpillar led broad declines in US stocks as signs of weakening growth in China exacerbated fears about a global slowdown.
American Express AXP $42.95 -1.14 2.59% 8,328,281 NYSE: No mentions found.
Bank of America BAC $13.17 -0.46 3.37% 160,758,893 NYSE: Fin Times pA20 "Materials & energy decline on back of weak Chinese data" by Hannah Kuchler says US stocks dropped yesterday after the Fed Res lowered its outlook for economic growth on Tues and weaker Chinese manufacturing data raised question about the pace of recovery. The S&P Energy sector was down 2.9% with oil firms Exxon falling 1.8%, Chevron declining 2.4% and Conoco-Phllips sliding 2.4%. The S&P 500 Financials sector also suffered, closing down 3.6% led by Hartford Financial down 7.5%, Bank of America down 3.2% and JP Morgan down 3.6%. Shares in Walt disney fell 3% in spite of reporting better than expected earnings.
Boeing BA $65.51 -3.11 4.53% 4,347,072 NYSE: WSJ pD1 "A prius with wings vs. a guzzler in the clouds" by Scott McCarney compares how airlines do on fuel efficiency. Boeing's 777-200ER wide body jet gets 82 miles to the gallon with 301 seats, all full, on a 3,000 mile trip. But increase the flight to 6,000 miles and the same plane only gets 76 mpg per seat. The story compares the older 737-300 with the stretched 767-400ER and on he comparison hypothetical flight the 737 gets 68 mpg compared to the 767's 96.9 mpg.
WSJ pC1 "Dow loses grip on the year's gains" by Jonathan Cheng says unsettling data and contral bank messages from he US, Asia and Europe pushed global growh fears to the fore on Wed prompting investors around the world to dive into safer assets. blue chip stocks posted their worst daily decline in more than a month, pushing the Dow into negative territory for the year. Firm with global exposure like Alcoa, Boeing and Caterpillar also weighed heaving falling 6.1%, 4.4% and 3.8% respectively. Cisco Systems added to the downbeat mood afer hours, tumbling more than 8% after reporting disappointing earnings and uttering glum remarks on the sentiment of its customers.
WSJ pC5 "Dow's 30 members all lost" by Donna Yesalavich says blue chip heavy weights Alcoa, Boeing and Caterpillar led broad declines in US stocks as signs of weakening growth in China exacerbated fears about a global slowdown.
Caterpillar CAT $68.64 -2.78 3.89% 8,091,855 NYSE: WSJ pC1 "Dow loses grip on the year's gains" by Jonathan Cheng says unsettling data and contral bank messages from he US, Asia and Europe pushed global growh fears to the fore on Wed prompting investors around the world to dive into safer assets. blue chip stocks posted their worst daily decline in more than a month, pushing the Dow into negative territory for the year. Firm with global exposure like Alcoa, Boeing and Caterpillar also weighed heaving falling 6.1%, 4.4% and 3.8% respectively. Cisco Systems added to the downbeat mood afer hours, tumbling more than 8% after reporting disappointing earnings and uttering glum remarks on the sentiment of its customers.
WSJ pC5 "Dow's 30 members all lost" by Donna Yesalavich says blue chip heavy weights Alcoa, Boeing and Caterpillar led broad declines in US stocks as signs of weakening growth in China exacerbated fears about a global slowdown.
Chevron CVX $77.14 -1.90 2.4% 8,878,570 NYSE: Fin Times pA20 "Materials & energy decline on back of weak Chinese data" by Hannah Kuchler says US stocks dropped yesterday after the Fed Res lowered its outlook for economic growth on Tues and weaker Chinese manufacturing data raised question about the pace of recovery. The S&P Energy sector was down 2.9% with oil firms Exxon falling 1.8%, Chevron declining 2.4% and Conoco-Phllips sliding 2.4%. The S&P 500 Financials sector also suffered, closing down 3.6% led by Hartford Financial down 7.5%, Bank of America down 3.2% and JP Morgan down 3.6%. Shares in Walt disney fell 3% in spite of reporting better than expected earnings.
Cisco CSCO $23.73 -0.58 2.39% 58,030,536 NASDAQ-GS: WSJ pB1 "Cisco sounds cuatious note" by Cari Tuna, NYT pB4 "Profit climbs at Cisco, but sales forecast falls below expectations" by AP, USA Today p1B 'Cisco sees quarterly profit jump", AJC pA14 "Cisco's earnings jump 79%; rev fall" says Cisco sahres were down as rev missed analyst expectations. Cisco reported rev risings 27%. It was the fifth straight quarter of sales gains after a sharp slump in late '08. profit for the fiscal 4Q ended July 31 was $1.94 bil or 33 cents a share, compared with a eyar ago profit of $1.08 bil or 19 cents a share. Rev rose to $10.84 bil from $8.54 bil. The outlook after the second half of '10 is turning gloomier. Gartner Inc research said it expected world wide business spending on IT to grow 2.9% in '10 to $2.4 tril down from an April forecast of 4.1% growth.
WSJ pC1 "Dow loses grip on the year's gains" by Jonathan Cheng says unsettling data and contral bank messages from he US, Asia and Europe pushed global growh fears to the fore on Wed prompting investors around the world to dive into safer assets. blue chip stocks posted their worst daily decline in more than a month, pushing the Dow into negative territory for the year. Firm with global exposure like Alcoa, Boeing and Caterpillar also weighed heaving falling 6.1%, 4.4% and 3.8% respectively. Cisco Systems added to the downbeat mood afer hours, tumbling more than 8% after reporting disappointing earnings and uttering glum remarks on the sentiment of its customers.
Coca-Cola KO $56.01 -0.97 1.7% 9,563,598 NYSE: No mentions found.
Walt Disney DIS $34.2 -1.09 3.09% 13,539,490 NYSE: Fin Times pA20 "Materials & energy decline on back of weak Chinese data" by Hannah Kuchler says US stocks dropped yesterday after the Fed Res lowered its outlook for economic growth on Tues and weaker Chinese manufacturing data raised question about the pace of recovery. The S&P Energy sector was down 2.9% with oil firms Exxon falling 1.8%, Chevron declining 2.4% and Conoco-Phllips sliding 2.4%. The S&P 500 Financials sector also suffered, closing down 3.6% led by Hartford Financial down 7.5%, Bank of America down 3.2% and JP Morgan down 3.6%. Shares in Walt disney fell 3% in spite of reporting better than expected earnings.
DuPont DD $40.52 1-.65 3.91% 6,529,363 NYSE: No mentions found.
ExxonMobil XOM $60.42 -1.51 2.44% 20,216,087 NYSE: Fin Times pA20 "Materials & energy decline on back of weak Chinese data" by Hannah Kuchler says US stocks dropped yesterday after the Fed Res lowered its outlook for economic growth on Tues and weaker Chinese manufacturing data raised question about the pace of recovery. The S&P Energy sector was down 2.9% with oil firms Exxon falling 1.8%, Chevron declining 2.4% and Conoco-Phllips sliding 2.4%. The S&P 500 Financials sector also suffered, closing down 3.6% led by Hartford Financial down 7.5%, Bank of America down 3.2% and JP Morgan down 3.6%. Shares in Walt disney fell 3% in spite of reporting better than expected earnings.
GE $15.68 -0.57 3.51% 67,925,325 NYSE: No mentions found.
Hewlett-Packard HPQ $40.745 -1.585 3.74% 55,083,936 NYSE: WSJ pB1 "Far from H-P, a job in Jersey" by Alexandra Berzon says Jodie Fisher, the woman at the center of the Hewlett-Packard scandal has traded a life in Hollywood to work as a branch manager at a NJ staffing agency. run by her mother.
Home Depot HD $27.73 0-.51 1.81% 10,431,327 NYSE: No mentions found.
Intel INTC $19.425 -0.395 1.99% 96,918,575 NASDAQ-GS: No mentions found.
IBM $129.87 -1.97 1.49% 5,362,206 NYSE: No mentions found.
J.P.Morgan Chase JPM $37.82 -1.35 3.45% 39,600,580 NYSE: No mentions found.
Johnson & Johnson JNJ $58.5 -0.93 1.56% 9,861,897 NYSE: WSJ pB3 "Johnson & Johnson says many states inquired about recall," AJC pA14 "Johnson & Johnson cites more subpoenas" say it has receive multiple subpoenas from fed prosecutors related to recalls of Tylenol and other products made by McNeil Consumer Healthcare unit of JNJ.
Kraft KFT $29.58 -0.69 2.28% 7,788,831 NYSE: WSJ pB1 "Food makers chew over prices" by Paul Sonne says a growing list of global food makers including Kraft Foods are warning about higher prices for key commodities like tea and cocoa, which could pinch margins and ripple through the grocery store the rest of the year.
McDonald's MCD $71.61 -1.23 1.69% 4,718,562 NYSE: No mentions found.
Merck MRK $34.87 -0.90 2.52% 10,689,769 NYSE: No mentions found.
Microsoft MSFT $24.86 -0.21 0.84% 75,028,490 NASDAQ-GS: No mentions found.
Pfizer PFE $16.01 -0.56 3.38% 47,485,374 NYSE: No mentions found.
Procter & Gamble PG $60.31 -0.47 0.77% 11,281,592 NYSE: WSJ pC10 "The hefty price of Procer's gambit says Procter & Gamble's growth prospects have dwindled recently as it faces price sensitive consumes keen to save on even small purchases. P&G in recent years discarded low growth but staple businesses like food in favor of building premium priced brands like Tide. Now to maintain volumes, P&G has cut prices on existing products and introduced cheaper items that appeal to cash straped consumers. The danger is that this will be effective in increasing sales volume but it could render P&G's premium brand less profitable for some time.
AJC pA14 "Industry group wants P&G to change bear ad" says the National Advertising Div. Council of Bette Business Bureaus says P&G's Charmin Ultra Strong ad is a bit deceptive and should be changed as a result of challenge by Kimbery-Lark, maker of rival Cottenelle Ultra Ripple.
3M MMM $84.01 -3.10 3.56% 3,859,270 NYSE: No mentions found.
Travelers TRV $48.97 -0.43 0.87% 5,743,919 NYSE: No mentions found.
United Technologies UTX $71.22 -2.17 2.96% 4,132,295 NYSE: No mentions found.
Verizon VZ $29.57 -0.45 1.5% 16,065,108 Dual Listed: WSJ pB4 "AT&T backs neutrality effort" by Roger Cheng says AT&T said a proposal from Google and Verizon Communications was a good start in dealing with the regulation of broadband Internet lines, but that the issue must be settled ultimately by Congress. AT&T was the latest firm to weigh in on a joint proposal by Google and Verizon to establish rules on how deeply broadband operators can manage the traffic riding on their networks. Related story at NYT pB1 "Web plan is dividing companies" by Claire Cain Miller.
Walmart WMT $50.995 -1.225 2.35% 9,867,355 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
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 7/25/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
5/6/10 10-Q
5/4/10 8K re: results from the annual meeting of the stockholders of AT&T Inc. held on April 30, 2010, in Chattanooga, Tennessee.
Alcoa AA: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
7/22/10 10Q
7/15 & 7/13/10 8K's relating to 2Q results
5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.
American Express AXP: 7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
6/15/10 8K re: delinquency statistics through 5/31/10.
6/2/10 8K re: statistics re: worldwide billed business.
5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.
5/5/10 10Q
Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
7/16/10 8K re: 2Q results
7/9/10 Free Writings Prospectuses
6/4/10 Free Writing Prospectuses
5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q
Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.
5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q
Chevron CVX: 7/12/10 8K re: updated on 2Q results
6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
5/19/10 definitive proxy materials
5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.
Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
5/26/10 10Q for quarter ending 5/1/10
Coke KO 7/21/10 8K re: 2Q results
Disney DIS 10Q for quarter ended 4/3/10
DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q
ExxonMobil XOM: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
5/6/10 10Q
GE: 7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q
Hewlett-Packard HPQ: 6/8/10 8K re: 10Q
6/1/10 10Q
6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
5/18/10 8K re: 2Qtr results
Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
5/18/10 8K re: results for quarter ended 5/2/10
Intel INTC: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders.
IBM: 7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.
7/16/10 & 7/15/10 8Ks re: 2Q results
6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.
6/24/10 8K re: election of Douglas L. Braunstein as CFO.
5/26/10 8K re: Washington Mutual Litigations.
5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders
5/10/10 10Q
Johnson & Johnson JNJ : 7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
5/10/10 10 Q
Kraft KFT: 5/21/10 8K: re voting
McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing
5/7/10 10Q
Microsoft MSFT: 7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
5/13/10 10Q
5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10
Procter & Gamble PG: 7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
4/30/10 10Q
3M MMM: 7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.
5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.
5/5/10 10Q
Travelers TRV: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/21/10 8K re: 2Q results
5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
4/26/10 10Q
Verizon Communications Inc. VZ: 7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
4/28/10 10Q
WalMart WMT: 7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.
5/18/10 8K reconciliation of non-GAP measures.
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Post No. 596. 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.
Dow Jones Industrial Average The Dow Jones Industrial Average closed Thursday at 10,415.54 up 9.69 or 0.09% from Wednesday's close of 10,415.54. Of the 30 Dow Companies: gained and declined. The biggest gainer dollar-wise was and percentage-wise was again. The biggest decliner dollar-wise and percentage-wise was NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.02 down up from Wednesday's 14.03 (year ago it was 14.97) the P/E estimate is 12.49 unchanged from Wednesday's 12.49 (year ago it was 14.65) and the current dividend yield is 2.69 unchanged from Wednesday's 2.69 (it was 3.09 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,376.25 up 1.33 from Wednesday's closing numerator of 1,376.25. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 1.3 for Thursay by the divisor (0.132129493) you get the decrease in Thursday's Dow of 9.69. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $45.88 up 0.05 from Wednesday's Dow Jones Industrial Average average closing price of $45.88. The median closing price of Thursday's Dow Jones Industrial Average was $39.80 up $0.19 from Wednesday's median price of $39.80. The lowest volume was 3M MMM $83. NYSE and the highest volume again was Bank of America BAC $13. NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $135 ($137,625).
MarketWatch 8/19/10 Thurs. 4: pm by Laura Mandaro says U.S. stocks
Thursday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
**************************
The following are excerpts from Thursday morning's Blog:
The Dow Jones Industrial Average closed Wednesday at 10,415.54 up 9.69 or 0.09% from Tuesday's close of 10,405.85. For the year the Dow is down 0.12%. Of the 30 Dow Companies: 19 gained, Verizon was unchanged and 10 declined. The biggest gainer dollar-wise was Intel INTC $19.595 +0.065 0.33% 52,505,782 NASDAQ-GS and percentage-wise was Home Depot HD $28.87 +0.56 1.98% 12,085,385 again. The biggest decliner dollar-wise and percentage-wise was ExxonMobil XOM $60.2 -0.62 1.02% 16,592,394 NYSE.
WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
Fin Times p22 "Target's positive outlook bolsters flagging retailers" by Hannah Kuchner says US stocks nudged up Wed after a positive outlook from Target buoyed retail stocks, outweighing weaker than expected sales figures from many retailers.
NYT pB9 "Earnings reports help to nudge shares higher" by AP says stocks ended a seesaw day with a modest gain on Wed after investors found some positive trends in retail earnings reports.
USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.02 down up from Wednesday's 14.03 (year ago it was 14.97) the P/E estimate is 12.49 unchanged from Wednesday's 12.49 (year ago it was 14.65) and the current dividend yield is 2.69 unchanged from Wednesday's 2.69 (it was 3.09 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,376.25 up 1.33 from Tuesday's closing numerator of 1,374.92. 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 1.3 for Wednesay by the divisor (0.132129493) you get the increase in Wednesday's Dow of 9.69. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $45.88 up 0.05 from Tuesday's Dow Jones Industrial Average average closing price of $45.83. The median closing price of Wednesday's Dow Jones Industrial Average was $39.80 up $0.19 from Tuesday's median price of $39.61. The lowest volume was 3M MMM $83.6701 -0.4199 0.5% 2,863,474 NYSE and the highest volume again was Bank of America BAC $13.34 +0.13 0.98% 121,623,365 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 $135 ($137,625 - 137,490).
MarketWatch 8/18/10 Wed. 4:07 pm by Laura Mandaro says U.S. stocks closed modestly higher Wednesday as rising retail stocks, buoyed by comments from Target Corp. (TGT 51.95, +1.27, +2.51%) , offset a drop in energy stocks as oil futures fell. The Dow Jones Industrial Average (DJIA 10,416, +9.69, +0.09%) closed up 9.69 points, or 0.1%, to 10,415.54. The S&P 500 (SPX 1,094, +1.62, +0.15%) gained 1.62 points, or 0.2%, to 1,094.16, led by a 0.9% gain in consumer discretionary shares. The energy sector fell 1%. The Nasdaq Composite (COMP 2,216, +6.26, +0.28%) added 6.3 points, or 0.3%, to 2,215.7 points.
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $27.32 +0.35 1.3% 25,434,162 NYSE: No mentions found.
Aloca AA $10.92 -0.03 0.27% 18,042,196 NYSE: No mentions found.
American Express AXP $41.66 -0.08 0.19% 7,704,926 NYSE: No mentions found.
Bank of America BAC $13.34 +0.13 0.98% 121,623,365 NYSE: WSJ pC3 "Finra fines Merrill Lynch for failing to offer discounts" by Jodi Xu says FINRA fined Bank of Ameica's Merrill Lynch $500,000 for failing to offer discounts for buyers of unit investment trusts.
Boeing BA $66.05 +0.06 0.09% 2,399,934 NYSE: WSJ pB3 "Buyout firms eye defense purchases" by Gina Chon says there is an acution for McKechnie Aerospace which makes aerospace parts for commerical and military customers and its major customers include Boeing and Airbus.
Caterpillar CAT $69.84 +0.10 0.14% 4,538,970 NYSE: No mentions found.
Chevron CVX $77.16 -0.61 0.78% 7,057,812 NYSE: WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
Cisco CSCO $22.455 +0.405 1.84% 69,026,397 NASDAQ-GS: No mentions found.
Ccoca-Cola KO $55.94 -0.18 0.32% 6,937,361 NYSE: No mentions found.
Walt Disney DIS $33.97 +0.21 0.62% 7,039,538 NYSE: No mentions found.
DuPont DD $41.44 +0.02 0.05% 3,058,477 NYSE: No mentions found.
ExxonMobil XOM $60.2 -0.62 1.02% 16,592,394 NYSE: WSJ pB3 "Exxon ends Ghana plan" by Will Connors, Fin Times p12 "Exxon abandons bid for Ghana stake" by Carola Hoyos say Exxon has canceled plans to buy $4 bil in oil assets in Ghana controlled by Kosmos Energy dealing a blow to Exxon's drive to tap an important new oil region in W. Africa and possibly triggering a scramble for a stake in a new frontier market. he move ends fraught negotiations over a large chunk of one of the industry's biggest recent discoveries and opens the door for Chinese Cnooc Ltd. to enter the Ghana oil market months before production starts.
WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
GE $15.6881 +0.1081 0.69% 35,001,326 NYSE: WSJ pC6 "Store credit cards boom" by Aparajita Saha-Bubna says the private label corner of the uS credit card market is enjoying a resurgence as fewer Americans fall behind on their payments. This is good news for issuers like Citigroup and GE with hefty holdings of store brand cards.
WSJ pB1 "Rolls-Royce isn't on board with Airbus's engine plan" by Daniel Michaels says Rolls Royce is telling Airbus it should not offer new engines on its A320 range of single aisle jetliners but instead wait and develop an entirely new plane with more efficiency. If Rolls-Royce doesn't make the engines then its rivals, GE or Pratt Whitney of United Technologies might.
Hewlett-Packard HPQ $41.3+7 0.55 1.35% 19,857,525 NYSE: WSJ pC10 "Overheard" says Mark V. Hurd, ex-CEO of Hewlett-Packard could take Larry Ellison's place at Oracle or Michael Dell at Dell.
WSJ pB3 "Former HP CEO defends his acts" by Robert A. Guth says he denies he pressured Jodie Fisher for sex.
Fin Times p13 "Allies of ousted HP chief points to smears" by Josephn Menn says Hurd's friends are saying he has been subjected to a media smear campaign as Hewlett-Packard has defended its decision to dismiss him.
Home Depot HD $28.87 +0.56 1.98% 12,085,385 NYSE: USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
Intel INTC $19.595 +0.065 0.33% 52,505,782 NASDAQ-GS: No mentions found.
IBM $129.59 +1.14 0.89% 4,241,571 NYSE: No mentions found.
J.P.Morgan Chase JPM $37.9403 +0.4603 1.23% 24,276,157 NYSE: WSJ pC3 "WaMu holder's hail mary plan" by Dan Fitzpatrick says JPMorgan bought failed Seattle thrift Washington Mutual for a bargain $1.88 bil but a final settlement of the sale was never cmopleted between J.P. Morgan and FCIC. There was an extension to Aug. 30, 2010 but a higher price probably won't result.
Johnson & Johnson JNJ $59.4 +0.18 0.3% 8,620,824 NYSE:NYT pB3 "J&J moves to ensure drug safety' by Natasha Singer, AJC pA15 "Johnson & Johnson creates quality position" say this new position will ensure quality production and compliance as JNJ's once stellar reputation for quality is being tarnished by repeated recalls of nonprescription medicines.
Kraft KFT $29.36 +0.10 0.34% 8,945,474 NYSE: No mentions found.
McDonald's MCD $73.295 +0.075 0.1% 5,332,616 NYSE: No mentions found.
Merck MRK $35.42 -0.12 0.34% 7,061,096 NYSE: No mentions found.
Microsoft MSFT $24.89 +0.18 0.73% 40,494,711 NASDAQ-GS: No mentions found.
Pfizer PFE $16.11 -0.16 0.98% 43,529,265 NYSE: No mentions found.
Procter & Gamble PG $60.+815 0.525 0.87% 9,447,727 NYSE: WSJ pA1 "P&G Chief wages offensive against rivals, risks profits" by Ellen Byron says Robert McDonald, CEO of Procter & Gamble, is trying to win back ground lost as frugal shoppers have opted for cheaper alternatives and he is trying to conquer nations now dominated by Unilever and Colgate-Palmolive such as Brazil. It has dropped prices for batteries, conditioners, fabric softeners, shampoos, liquid laundry detergents and sanitary napkins.
3M MMM $83.6701 -0.4199 0.5% 2,863,474 NYSE: No mentions found.
United Technologies UTX $69.95 -0.56 0.79% 4,434,099 NYSE: WSJ pB1 "Rolls-Royce isn't on board with Airbus's engine plan" by Daniel Michaels says Rolls Royce is telling Airbus it should not offer new engines on its A320 range of single aisle jetliners but instead wait and develop an entirely new plane with more efficiency. If Rolls-Royce doesn't make the engines then its rivals, GE or Pratt Whitney of United Technologies might.
Verizon VZ $30.17 unch unch 11,935,324 Dual Listed: No mentions found.
WalMart WMT $50.96 -0.06 0.12% 14,327,361 NYSE: WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
*********************
The following are excerpts from Wed morning's Blog:
A read of Wednesday's issue of 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 Tuesday's stock prices and related data.
Dow Jones Industrial Average The Dow Jones Industrial Average closed Tuesday at 10,405.85 up 103.84 or 1.01% from Monday's close of 10,302.01. For the year the Dow is down 0.21%. Of the 30 Dow Companies: 27 gained, Travelers was unchanged and 2 (JPM and Kft) declined. The biggest gainer dollar-wise was Boeing BA $65.99 +1.59 2.47% 4,228,019 NYSE and percentage-wise was Home Depot HD $28.31 +0.93 3.4% 22,451,777 NYSE. The biggest decliner dollar-wise was J.P.Morgan Chase JPM $37.48 -0.21 0.56% 33,784,188 NYSE and percentage-wise was Kraft KFT $29.26 -0.19 0.65% 13,828,844 NYSE.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
USA Today p4B "Makets suge as optimism rebounds" by AP says investors regained some enthusiasm for stocks Tues sending prices higher afer reports showed a slight improvement in the housing market and a big jump in industrial production. Investors were also encouraged by earnings from retailers Home Depot and Walmart.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
Tuesday's Dow Jones Industrial Average closing numerator was 1,374.92 up 13.84 from Monday's closing numerator of 1,361.15. 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 13.84 for Tuesay by the divisor (0.132129493) you get the increase in Tuesday's Dow of 103.84. 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 Tuesday's Dow Jones Industrial Average was $45.83 up 0.45 from Monday's Dow Jones Industrial Average average closing price of $45.38. The median closing price of Tuesday's Dow Jones Industrial Average was $39.61 up $0.01 from Monday's median price of $39.60. The lowest volume was 3M MMM $84. 09 +0.66 0.79% 4,345,072 NYSE and the highest volume again was Bank of America BAC $13.21 +0.02 0.15% 131,575,391 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 $1,354 ($137,490 - 136,136).
MarketWatch 8/17/10 Tues. 4:32 pm by Kate Gibson says U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average ending a five-session losing streak, after Potash Corp. of Saskatchewan Inc.'s rejection of suitor BHP Billiton Ltd. unleashed a rally among agricultural companies and retailing giant Wal-Mart Stores Inc.'s earnings topped estimates. There was a cornucopia of good news: upbeat guidance from the largest retailer on the planet, M&A activity is picking up, and economic data that blew away all concerns about deflation. The major indexes hit session highs after Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the central bank does not have new doubts about the recovery. Kocherlakota "doesn't believe persistent deflation [is] a likely [possibility], as that would require the Fed to make the 'surprising mistake of ignoring the long run in its desire to fix the short run,'" noted analysts at Action Economics. The Dow (DJIA 10,406, +103.84, +1.01%) rose 103.84 points, or 1%, to end at 10,405.85. All but three of its 30 components rose, including Wal-Mart /(WMT 51.21, +0.19, +0.37%) and Home Depot Inc. (HD 28.52, +0.21, +0.74%), both of which reported earnings that beat expectations.
Kraft Foods Inc. (KFT 29.34, +0.08, +0.28%) , among the Dow's laggards, fell 0.7% in the wake of a regulatory filing Monday that showed Warren Buffett's investment firm continues to sell shares in the food company. After eking out a rise of less than a point Monday, the S&P 500 Index (SPX 1,093, +13.16, +1.22%) rose 13.16 points, or 1.2%, to 1,092.54, with natural-resource companies leading gains that included all 10 of its industry groups. The Nasdaq Composite Index (COMP 2,209, +27.57, +1.26%) added 27.57 points, or 1.3%, to 2,209.44. The Nasdaq snapped a four-session losing streak Monday, adding 8.39 points. Nearly four stocks advanced for every declining issue on the New York Stock Exchange, where 981 million shares traded hands. Composite volume topped 4.2 billion. Potash Corp. (POT 143.05, -0.12, -0.08%) shares advanced 28% after the world's biggest fertilizer producer rejected an unsolicited $130-a-share takeover bid from mining giant BHP Billiton (BHP 70.16, -0.05, -0.08%). The saga triggered buying in Potash's competitors, with shares of Mosaic Co. (MOS 55.95, +0.35, +0.63%) , the second-biggest fertilizer producer in North America, gaining 8.7%, and CF Industries Holdings Inc. (CF 88.60, +0.07, +0.08%) , a producer of nitrogen fertilizer, up 4.7%. Earnings, deals bring stocks to lifeStocks get a boost from solid earnings from Wal-Mart and Home Depot, but both face demand issues in the months ahead. One sector where demand isn't in doubt: the fertilizer sector where the market expects BHP Billiton to up its nearly $40 billion bid for Potash Corp. Elsewhere on the deal front, Pactiv Corp. (PTV 32.58, -.00, -0.01%) shares rallied 5.4% after global packaging company Reynolds Group said it would buy the maker of Hefty trash bags. Economic data also bolstered sentiment, with figures from the Federal Reserve showing production in the U.S. in July climbed 1%, exceeding expectations and offsetting worries about growth in the sector that helped pull the economy out of recession. Other figures released Tuesday were mixed. New-home construction rose 1.7% last month, but the gains were fueled by a large hike in apartment and condominium construction, a small piece of the overall market. The Labor Department reported wholesale prices climbed in July on increased costs of food, cars and light trucks. But core prices, which exclude food and energy costs, rose 0.3%, signaling that inflation remains subdued.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.97 +0.32 1.2% 27,394,363 NYSE: WSJ pB6 "New BlackBerry for $99" by Spencer E. Ante says Amazon.com is selling the new Blackberry Torch smartphone for $99.99 with a 2 year contract, half the price being asked at other retailers and by AT&T the Torch's exclusive wireless carrier.
Alcoa AA $10.95 +0.35 3.3% 22,790,220 NYSE: No mentions found.
American Express AXP $41.74 +0.20 0.48% 8,523,467 NYSE: No mentions found.
Bank of America BAC $13.21 +0.02 0.15% 131,575,391 NYSE: WSJ pC1 "Banks face war over loan buybacks" by Nick Timraos says while mortgage delinquencies are easing, banks are facing a new round of losses from loans made just before the fin'l crisis, and the fight to keep them off their balance sheets is intensifying. leading the charge to make originators repurchase their loans are Fannie Mae and Freddie mac, the 2 gov owned finance agencies that guaranteed the mortgages. Bank of America faces $11.1 bil in unresolved repurchase demands, up 46% in just 6 months. JP Morgan wouldn't comment.
Boeing BA $65.99 +1.59 2.47% 4,228,019 NYSE: No mentions found.
Caterpillar CAT $69.74 +1.25 1.83% 5,898,406 NYSE: No mentions found.
Chevron CVX $77.77 +0.06 0.08% 7,311,915 NYSE: WSJ pB7 "Australia's energy industry gains momentum" by Ross Kelly says 3 deepwater natural gas discoveries off the western coast of Australia, announced this week by Chevron and Woodside Petoleum could add momentum to the nation's emergence as a top exporter of the fuel. Chevron, the 2nd biggest US oil firm by market cap after Exxon Mobil is building 2 liquefied natural gas projects in Western Australia sate: Gorgon & Wheatstone.
Cisco CSCO $22.05 +0.14 0.64% 82,711,618 NASDAQ-GS: No mentions found.
Coca-Cola KO $56.12 +0.24 0.43% 8,952,308 NYSE: WSJ pB5 "PepsiCo enters sweetener pact" by Anjali Cordeiro says Pepsi will collaborate with flavor enhancer Senomyx to develop sweeteners with less sugar and fewer calories. The 4 year deal comes afer Senomyx's talks with Coca-Cola fell through earlier this year.
Walt Disney DIS $33.76 +0.10 0.3% 9,846,455 NYSE: WSJ pB4 "Paul Fran Industries buys Julius Monkey Brand" by AP says Saban Brands in May bought back the Power Rangers from Walt Disney.
DuPont DD $41.42 +1.03 2.55% 6,551,036 NYSE: No mentions found.
ExxonMobil XOM $60.82 +0.94 1.57% 20,081,263 NYSE: WSJ pB7 "Australia's energy industry gains momentum" by Ross Kelly says 3 deepwater natural gas discoveries off the western coast of Australia, announced this week by Chevron and Woodside Petoleum could add momentum to the nation's emergence as a top exporter of the fuel. Chevron, the 2nd biggest US oil firm by market cap after Exxon Mobil is building 2 liquefied natural gas projects in Western Australia sate: Gorgon & Wheatstone.
GE $15.58 +0.12 0.78% 60,642,493 NYSE: No mentions found.
Hewlett-Packard HPQ $40.82 +0.27 0.67% 23,543,323 NYSE: Fin Times p13 "HP agrees Fortify acquisition" by Reuters says Hewlet-Pacakrd agreed to buy Fortify Software, a privately held security software make based in San Mateo, Cal for an undisclosed sum.
WSJ pA15 "The Mark Hurd show" by Holman W. Jenkins, Jr. says Mark Hurd was ousted because this was his second strike, the first ws his involvement in the 2006 scandal regarding Hewlett-Packard's allegedly stealing phone records of board members and reporters.
Home Depot HD $28.31 +0.93 3.4% 22,451,777 NYSE: Fin Times p13 "Home Depot cuts sales forecast" by Jonathan Birchall, NYT pB3 WalMart and Home Depot beat estimates, but say consumers are cautious" by Stephanie Clifford, AJC pA9 "Optimistic but guarded" by Arielle Kass says sales at Home Depot have picked up slightly, though not among professionals who aren't expected to return until next year. Home Depot had a 1.9% gain in customer transaction for the quarter ended 8/1. It ahd net earnings of $1.19 bil for 2Q or 72 cents a share, up 6.8% from a year ago when earnings were $1.12 bil or 66 cents a share. Sales rose 1.8% to $19.4 bil
WSJ pB1 "Retailers are sold on frugality" by Miguel Bustillo says Wlamart reported a 3.6% gain in 2Q earnings while Home Depot reported a 6.8% quarterly profit jump.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
Intel INTC $19.53 +0.06 0.31% 60,552,617 NASDAQ-GS: No mentions found.
IBM $128.45 +0.68 0.53% 4,274,610 NYSE: No mentions found.
J.P.Morgan Chase JPM $37.48 -0.21 0.56% 33,784,188 NYSE: WSJ pC1 "Banks face war over loan buybacks" by Nick Timraos says while mortgage delinquencies are easing, banks are facing a new round of losses from loans made just before the fin'l crisis, and the fight to keep them off their balance sheets is intensifying. leading the charge to make originators repurchase their loans are Fannie Mae and Freddie mac, the 2 gov owned finance agencies that guaranteed the mortgages. Bank of America faces $11.1 bil in unresolved repurchase demands, up 46% in just 6 months. JP Morgan wouldn't comment.
Johnson & Johnson JNJ $59.22 +1.21 2.09% 13,365,907 NYSE: No mentions found.
Kraft KFT $29.26 -0.19 0.65% 13,828,844 NYSE: WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
McDonald's MCD $73.22 +1.43 1.99% 7,373,543 NYSE: No mentions found.
Merck MRK $35.54 +0.57 1.63% 10,612,375 NYSE: No mentions found.
Microsoft MSFT $24.71 +0.34 1.4% 52,675,678 NASDAQ-GS: WSJ pB1 "Google TV is a tough sell among would be partners" by Jessica E. Vascellaro says Google is launching a campaign to line up TV networks' support for its new Google TV software, but many remain reluctant to partner with a service that encroaches on their turf. Google TV goes further than Apple and Microsoft and others which show TV shows and movies on the Web because Google software will play any video that runs anywhere on the web.
Pfizer PFE $16.27 +0.24 1.5% 50,344,397 NYSE: WSJ pB1 "Lilly ends work on Alzheimer treatment" by Peter Loftus says Eli Lilly is halting development of an experimental drug fro Alzheimer's disease. Pfizer was earlier developing an experimental drug, Dimebon, which also failed.
Procter & Gambl ePG $60.29 +0.52 0.87% 10,786,830 NYSE: No mentions found.
3M MMM $84.09 +0.66 0.79% 4,345,072 NYSE: No mentions found.
Travelers TRV $49.91 unch unch 4,737,312 NYSE: No mentions found.
United Technologies UTX $70.51 +0.16 0.23% 6,436,164 NYSE: No mentions found.
Verizon VZ $30.17 +0.21 0.7% 17,589,618 Dual Listed: No mentions found.
Walmart WMT $51.02 +0.61 1.21% 16,258,430 NYSE: WSJ pB1 "Retailers are sold on frugality" by Miguel Bustillo says Wlamart reported a 3.6% gain in 2Q earnings while Home Depot reported a 6.8% quarterly profit jump.
NYT pB3 WalMart and Home Depot beat estimates, but say consumers are cautious" by Stephanie Clifford, USA Today p1B "WalMart quarterly earnings up 3.6%", AJC pA10 "WalMart profit rises 3.6% on cost cutting" say Walmart had a 3.6% increase in 2Q net income and raised its earnings guidance for the full year as it benefits from cost cutting and robust global growth in China, Brazil and Mexico. Walmart ahd net income of $3.59 bil or 97 cents a sahre for the perod ended 7/31 compared with $3.47 bil or 89 cents a sahre a year earlier. Rev rose 3% to $104 bil, rev at stores open at least a year fell 1.4%.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
Fin Times p11 "Walmart sales hit afgter retailer gives stores less clutered look" by Jonathan Birchall says Walmart suffered its 5th successive decline in sales in the 2Q, hit by weak economic conditions and a rare opeational misstep by the world's largest retailer. A costly remodeling program, dubbed Project Impact, aimed at increasing store productivity and sales by gives he stores a cleaner, less cluttered feel had hurt sales.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
****************************
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. 595. 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 Wednesday at 10,415.54 up 9.69 or 0.09% from Tuesday's close of 10,405.85. For the year the Dow is down 0.12%. Of the 30 Dow Companies: 19 gained, Verizon was unchanged and 10 declined. The biggest gainer dollar-wise was Intel INTC $19.595 +0.065 0.33% 52,505,782 NASDAQ-GS and percentage-wise was Home Depot HD $28.87 +0.56 1.98% 12,085,385 again. The biggest decliner dollar-wise and percentage-wise was ExxonMobil XOM $60.2 -0.62 1.02% 16,592,394 NYSE.
WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
Fin Times p22 "Target's positive outlook bolsters flagging retailers" by Hannah Kuchner says US stocks nudged up Wed after a positive outlook from Target buoyed retail stocks, outweighing weaker than expected sales figures from many retailers.
NYT pB9 "Earnings reports help to nudge shares higher" by AP says stocks ended a seesaw day with a modest gain on Wed after investors found some positive trends in retail earnings reports.
USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.02 down up from Wednesday's 14.03 (year ago it was 14.97) the P/E estimate is 12.49 unchanged from Wednesday's 12.49 (year ago it was 14.65) and the current dividend yield is 2.69 unchanged from Wednesday's 2.69 (it was 3.09 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,376.25 up 1.33 from Tuesday's closing numerator of 1,374.92. 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 1.3 for Wednesay by the divisor (0.132129493) you get the increase in Wednesday's Dow of 9.69. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $45.88 up 0.05 from Tuesday's Dow Jones Industrial Average average closing price of $45.83. The median closing price of Wednesday's Dow Jones Industrial Average was $39.80 up $0.19 from Tuesday's median price of $39.61. The lowest volume was 3M MMM $83.6701 -0.4199 0.5% 2,863,474 NYSE and the highest volume again was Bank of America BAC $13.34 +0.13 0.98% 121,623,365 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 $135 ($137,625 - 137,490).
MarketWatch 8/18/10 Wed. 4:07 pm by Laura Mandaro says U.S. stocks closed modestly higher Wednesday as rising retail stocks, buoyed by comments from Target Corp. (TGT 51.95, +1.27, +2.51%) , offset a drop in energy stocks as oil futures fell. The Dow Jones Industrial Average (DJIA 10,416, +9.69, +0.09%) closed up 9.69 points, or 0.1%, to 10,415.54. The S&P 500 (SPX 1,094, +1.62, +0.15%) gained 1.62 points, or 0.2%, to 1,094.16, led by a 0.9% gain in consumer discretionary shares. The energy sector fell 1%. The Nasdaq Composite (COMP 2,216, +6.26, +0.28%) added 6.3 points, or 0.3%, to 2,215.7 points.
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $27.32 +0.35 1.3% 25,434,162 NYSE: No mentions found.
Aloca AA $10.92 -0.03 0.27% 18,042,196 NYSE: No mentions found.
American Express AXP $41.66 -0.08 0.19% 7,704,926 NYSE: No mentions found.
Bank of America BAC $13.34 +0.13 0.98% 121,623,365 NYSE: WSJ pC3 "Finra fines Merrill Lynch for failing to offer discounts" by Jodi Xu says FINRA fined Bank of Ameica's Merrill Lynch $500,000 for failing to offer discounts for buyers of unit investment trusts.
Boeing BA $66.05 +0.06 0.09% 2,399,934 NYSE: WSJ pB3 "Buyout firms eye defense purchases" by Gina Chon says there is an acution for McKechnie Aerospace which makes aerospace parts for commerical and military customers and its major customers include Boeing and Airbus.
Caterpillar CAT $69.84 +0.10 0.14% 4,538,970 NYSE: No mentions found.
Chevron CVX $77.16 -0.61 0.78% 7,057,812 NYSE: WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
Cisco CSCO $22.455 +0.405 1.84% 69,026,397 NASDAQ-GS: No mentions found.
Ccoca-Cola KO $55.94 -0.18 0.32% 6,937,361 NYSE: No mentions found.
Walt Disney DIS $33.97 +0.21 0.62% 7,039,538 NYSE: No mentions found.
DuPont DD $41.44 +0.02 0.05% 3,058,477 NYSE: No mentions found.
ExxonMobil XOM $60.2 -0.62 1.02% 16,592,394 NYSE: WSJ pB3 "Exxon ends Ghana plan" by Will Connors, Fin Times p12 "Exxon abandons bid for Ghana stake" by Carola Hoyos say Exxon has canceled plans to buy $4 bil in oil assets in Ghana controlled by Kosmos Energy dealing a blow to Exxon's drive to tap an important new oil region in W. Africa and possibly triggering a scramble for a stake in a new frontier market. he move ends fraught negotiations over a large chunk of one of the industry's biggest recent discoveries and opens the door for Chinese Cnooc Ltd. to enter the Ghana oil market months before production starts.
WSJ pC1 "Dow ticks up on the backs of retailers" by Jonathan Cheng says stocks notched a 2nd straight day of gains as a strong showing by retailers offset sagging energy stocks. Energy stocks dragged on the markets with Exxon Mobil and Chevron down 1.1% and 0.9%, respectively.
WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
GE $15.6881 +0.1081 0.69% 35,001,326 NYSE: WSJ pC6 "Store credit cards boom" by Aparajita Saha-Bubna says the private label corner of the uS credit card market is enjoying a resurgence as fewer Americans fall behind on their payments. This is good news for issuers like Citigroup and GE with hefty holdings of store brand cards.
WSJ pB1 "Rolls-Royce isn't on board with Airbus's engine plan" by Daniel Michaels says Rolls Royce is telling Airbus it should not offer new engines on its A320 range of single aisle jetliners but instead wait and develop an entirely new plane with more efficiency. If Rolls-Royce doesn't make the engines then its rivals, GE or Pratt Whitney of United Technologies might.
Hewlett-Packard HPQ $41.3+7 0.55 1.35% 19,857,525 NYSE: WSJ pC10 "Overheard" says Mark V. Hurd, ex-CEO of Hewlett-Packard could take Larry Ellison's place at Oracle or Michael Dell at Dell.
WSJ pB3 "Former HP CEO defends his acts" by Robert A. Guth says he denies he pressured Jodie Fisher for sex.
Fin Times p13 "Allies of ousted HP chief points to smears" by Josephn Menn says Hurd's friends are saying he has been subjected to a media smear campaign as Hewlett-Packard has defended its decision to dismiss him.
Home Depot HD $28.87 +0.56 1.98% 12,085,385 NYSE: USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
Intel INTC $19.595 +0.065 0.33% 52,505,782 NASDAQ-GS: No mentions found.
IBM $129.59 +1.14 0.89% 4,241,571 NYSE: No mentions found.
J.P.Morgan Chase JPM $37.9403 +0.4603 1.23% 24,276,157 NYSE: WSJ pC3 "WaMu holder's hail mary plan" by Dan Fitzpatrick says JPMorgan bought failed Seattle thrift Washington Mutual for a bargain $1.88 bil but a final settlement of the sale was never cmopleted between J.P. Morgan and FCIC. There was an extension to Aug. 30, 2010 but a higher price probably won't result.
Johnson & Johnson JNJ $59.4 +0.18 0.3% 8,620,824 NYSE:NYT pB3 "J&J moves to ensure drug safety' by Natasha Singer, AJC pA15 "Johnson & Johnson creates quality position" say this new position will ensure quality production and compliance as JNJ's once stellar reputation for quality is being tarnished by repeated recalls of nonprescription medicines.
Kraft KFT $29.36 +0.10 0.34% 8,945,474 NYSE: No mentions found.
McDonald's MCD $73.295 +0.075 0.1% 5,332,616 NYSE: No mentions found.
Merck MRK $35.42 -0.12 0.34% 7,061,096 NYSE: No mentions found.
Microsoft MSFT $24.89 +0.18 0.73% 40,494,711 NASDAQ-GS: No mentions found.
Pfizer PFE $16.11 -0.16 0.98% 43,529,265 NYSE: No mentions found.
Procter & Gamble PG $60.+815 0.525 0.87% 9,447,727 NYSE: WSJ pA1 "P&G Chief wages offensive against rivals, risks profits" by Ellen Byron says Robert McDonald, CEO of Procter & Gamble, is trying to win back ground lost as frugal shoppers have opted for cheaper alternatives and he is trying to conquer nations now dominated by Unilever and Colgate-Palmolive such as Brazil. It has dropped prices for batteries, conditioners, fabric softeners, shampoos, liquid laundry detergents and sanitary napkins.
3M MMM $83.6701 -0.4199 0.5% 2,863,474 NYSE: No mentions found.
United Technologies UTX $69.95 -0.56 0.79% 4,434,099 NYSE: WSJ pB1 "Rolls-Royce isn't on board with Airbus's engine plan" by Daniel Michaels says Rolls Royce is telling Airbus it should not offer new engines on its A320 range of single aisle jetliners but instead wait and develop an entirely new plane with more efficiency. If Rolls-Royce doesn't make the engines then its rivals, GE or Pratt Whitney of United Technologies might.
Verizon VZ $30.17 unch unch 11,935,324 Dual Listed: No mentions found.
WalMart WMT $50.96 -0.06 0.12% 14,327,361 NYSE: WSJ pC5 "Target gains 2.5%; Exxon, Chevron fall' by Kristina Peterson says reailers led stocks slightly higher as better tan expected earnings from Target lifted Kohl's and JC Penney. The Dow was boosted by Home Depot up 55 cents. Exxon Mobil was the Dow's worst performer off 67 cents. Chevron fell 73 cents. BJ's Wholesale Club fell $1.17 as rev grew less than expected int he wake of WalMart's aggressive price rollback strategy during the period.
USA Today p4B "Retail therapy helps markets' mood" by AP says stocks rose moderately Wed as investors found some positive news in the day's retail earnings reports. Target missed analysts' forecasts for 2Q but told analysts it hopes to offset weak sales with higher sales of grocers and new discounts. That came a day after WalMart and Home Depot issued numbers that were upbeat.
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The following are excerpts from Wed morning's Blog:
A read of Wednesday's issue of 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 Tuesday's stock prices and related data.
Dow Jones Industrial Average The Dow Jones Industrial Average closed Tuesday at 10,405.85 up 103.84 or 1.01% from Monday's close of 10,302.01. For the year the Dow is down 0.21%. Of the 30 Dow Companies: 27 gained, Travelers was unchanged and 2 (JPM and Kft) declined. The biggest gainer dollar-wise was Boeing BA $65.99 +1.59 2.47% 4,228,019 NYSE and percentage-wise was Home Depot HD $28.31 +0.93 3.4% 22,451,777 NYSE. The biggest decliner dollar-wise was J.P.Morgan Chase JPM $37.48 -0.21 0.56% 33,784,188 NYSE and percentage-wise was Kraft KFT $29.26 -0.19 0.65% 13,828,844 NYSE.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
USA Today p4B "Makets suge as optimism rebounds" by AP says investors regained some enthusiasm for stocks Tues sending prices higher afer reports showed a slight improvement in the housing market and a big jump in industrial production. Investors were also encouraged by earnings from retailers Home Depot and Walmart.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
Tuesday's Dow Jones Industrial Average closing numerator was 1,374.92 up 13.84 from Monday's closing numerator of 1,361.15. 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 13.84 for Tuesay by the divisor (0.132129493) you get the increase in Tuesday's Dow of 103.84. 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 Tuesday's Dow Jones Industrial Average was $45.83 up 0.45 from Monday's Dow Jones Industrial Average average closing price of $45.38. The median closing price of Tuesday's Dow Jones Industrial Average was $39.61 up $0.01 from Monday's median price of $39.60. The lowest volume was 3M MMM $84. 09 +0.66 0.79% 4,345,072 NYSE and the highest volume again was Bank of America BAC $13.21 +0.02 0.15% 131,575,391 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 $1,354 ($137,490 - 136,136).
MarketWatch 8/17/10 Tues. 4:32 pm by Kate Gibson says U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average ending a five-session losing streak, after Potash Corp. of Saskatchewan Inc.'s rejection of suitor BHP Billiton Ltd. unleashed a rally among agricultural companies and retailing giant Wal-Mart Stores Inc.'s earnings topped estimates. There was a cornucopia of good news: upbeat guidance from the largest retailer on the planet, M&A activity is picking up, and economic data that blew away all concerns about deflation. The major indexes hit session highs after Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the central bank does not have new doubts about the recovery. Kocherlakota "doesn't believe persistent deflation [is] a likely [possibility], as that would require the Fed to make the 'surprising mistake of ignoring the long run in its desire to fix the short run,'" noted analysts at Action Economics. The Dow (DJIA 10,406, +103.84, +1.01%) rose 103.84 points, or 1%, to end at 10,405.85. All but three of its 30 components rose, including Wal-Mart /(WMT 51.21, +0.19, +0.37%) and Home Depot Inc. (HD 28.52, +0.21, +0.74%), both of which reported earnings that beat expectations.
Kraft Foods Inc. (KFT 29.34, +0.08, +0.28%) , among the Dow's laggards, fell 0.7% in the wake of a regulatory filing Monday that showed Warren Buffett's investment firm continues to sell shares in the food company. After eking out a rise of less than a point Monday, the S&P 500 Index (SPX 1,093, +13.16, +1.22%) rose 13.16 points, or 1.2%, to 1,092.54, with natural-resource companies leading gains that included all 10 of its industry groups. The Nasdaq Composite Index (COMP 2,209, +27.57, +1.26%) added 27.57 points, or 1.3%, to 2,209.44. The Nasdaq snapped a four-session losing streak Monday, adding 8.39 points. Nearly four stocks advanced for every declining issue on the New York Stock Exchange, where 981 million shares traded hands. Composite volume topped 4.2 billion. Potash Corp. (POT 143.05, -0.12, -0.08%) shares advanced 28% after the world's biggest fertilizer producer rejected an unsolicited $130-a-share takeover bid from mining giant BHP Billiton (BHP 70.16, -0.05, -0.08%). The saga triggered buying in Potash's competitors, with shares of Mosaic Co. (MOS 55.95, +0.35, +0.63%) , the second-biggest fertilizer producer in North America, gaining 8.7%, and CF Industries Holdings Inc. (CF 88.60, +0.07, +0.08%) , a producer of nitrogen fertilizer, up 4.7%. Earnings, deals bring stocks to lifeStocks get a boost from solid earnings from Wal-Mart and Home Depot, but both face demand issues in the months ahead. One sector where demand isn't in doubt: the fertilizer sector where the market expects BHP Billiton to up its nearly $40 billion bid for Potash Corp. Elsewhere on the deal front, Pactiv Corp. (PTV 32.58, -.00, -0.01%) shares rallied 5.4% after global packaging company Reynolds Group said it would buy the maker of Hefty trash bags. Economic data also bolstered sentiment, with figures from the Federal Reserve showing production in the U.S. in July climbed 1%, exceeding expectations and offsetting worries about growth in the sector that helped pull the economy out of recession. Other figures released Tuesday were mixed. New-home construction rose 1.7% last month, but the gains were fueled by a large hike in apartment and condominium construction, a small piece of the overall market. The Labor Department reported wholesale prices climbed in July on increased costs of food, cars and light trucks. But core prices, which exclude food and energy costs, rose 0.3%, signaling that inflation remains subdued.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.97 +0.32 1.2% 27,394,363 NYSE: WSJ pB6 "New BlackBerry for $99" by Spencer E. Ante says Amazon.com is selling the new Blackberry Torch smartphone for $99.99 with a 2 year contract, half the price being asked at other retailers and by AT&T the Torch's exclusive wireless carrier.
Alcoa AA $10.95 +0.35 3.3% 22,790,220 NYSE: No mentions found.
American Express AXP $41.74 +0.20 0.48% 8,523,467 NYSE: No mentions found.
Bank of America BAC $13.21 +0.02 0.15% 131,575,391 NYSE: WSJ pC1 "Banks face war over loan buybacks" by Nick Timraos says while mortgage delinquencies are easing, banks are facing a new round of losses from loans made just before the fin'l crisis, and the fight to keep them off their balance sheets is intensifying. leading the charge to make originators repurchase their loans are Fannie Mae and Freddie mac, the 2 gov owned finance agencies that guaranteed the mortgages. Bank of America faces $11.1 bil in unresolved repurchase demands, up 46% in just 6 months. JP Morgan wouldn't comment.
Boeing BA $65.99 +1.59 2.47% 4,228,019 NYSE: No mentions found.
Caterpillar CAT $69.74 +1.25 1.83% 5,898,406 NYSE: No mentions found.
Chevron CVX $77.77 +0.06 0.08% 7,311,915 NYSE: WSJ pB7 "Australia's energy industry gains momentum" by Ross Kelly says 3 deepwater natural gas discoveries off the western coast of Australia, announced this week by Chevron and Woodside Petoleum could add momentum to the nation's emergence as a top exporter of the fuel. Chevron, the 2nd biggest US oil firm by market cap after Exxon Mobil is building 2 liquefied natural gas projects in Western Australia sate: Gorgon & Wheatstone.
Cisco CSCO $22.05 +0.14 0.64% 82,711,618 NASDAQ-GS: No mentions found.
Coca-Cola KO $56.12 +0.24 0.43% 8,952,308 NYSE: WSJ pB5 "PepsiCo enters sweetener pact" by Anjali Cordeiro says Pepsi will collaborate with flavor enhancer Senomyx to develop sweeteners with less sugar and fewer calories. The 4 year deal comes afer Senomyx's talks with Coca-Cola fell through earlier this year.
Walt Disney DIS $33.76 +0.10 0.3% 9,846,455 NYSE: WSJ pB4 "Paul Fran Industries buys Julius Monkey Brand" by AP says Saban Brands in May bought back the Power Rangers from Walt Disney.
DuPont DD $41.42 +1.03 2.55% 6,551,036 NYSE: No mentions found.
ExxonMobil XOM $60.82 +0.94 1.57% 20,081,263 NYSE: WSJ pB7 "Australia's energy industry gains momentum" by Ross Kelly says 3 deepwater natural gas discoveries off the western coast of Australia, announced this week by Chevron and Woodside Petoleum could add momentum to the nation's emergence as a top exporter of the fuel. Chevron, the 2nd biggest US oil firm by market cap after Exxon Mobil is building 2 liquefied natural gas projects in Western Australia sate: Gorgon & Wheatstone.
GE $15.58 +0.12 0.78% 60,642,493 NYSE: No mentions found.
Hewlett-Packard HPQ $40.82 +0.27 0.67% 23,543,323 NYSE: Fin Times p13 "HP agrees Fortify acquisition" by Reuters says Hewlet-Pacakrd agreed to buy Fortify Software, a privately held security software make based in San Mateo, Cal for an undisclosed sum.
WSJ pA15 "The Mark Hurd show" by Holman W. Jenkins, Jr. says Mark Hurd was ousted because this was his second strike, the first ws his involvement in the 2006 scandal regarding Hewlett-Packard's allegedly stealing phone records of board members and reporters.
Home Depot HD $28.31 +0.93 3.4% 22,451,777 NYSE: Fin Times p13 "Home Depot cuts sales forecast" by Jonathan Birchall, NYT pB3 WalMart and Home Depot beat estimates, but say consumers are cautious" by Stephanie Clifford, AJC pA9 "Optimistic but guarded" by Arielle Kass says sales at Home Depot have picked up slightly, though not among professionals who aren't expected to return until next year. Home Depot had a 1.9% gain in customer transaction for the quarter ended 8/1. It ahd net earnings of $1.19 bil for 2Q or 72 cents a share, up 6.8% from a year ago when earnings were $1.12 bil or 66 cents a share. Sales rose 1.8% to $19.4 bil
WSJ pB1 "Retailers are sold on frugality" by Miguel Bustillo says Wlamart reported a 3.6% gain in 2Q earnings while Home Depot reported a 6.8% quarterly profit jump.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
Intel INTC $19.53 +0.06 0.31% 60,552,617 NASDAQ-GS: No mentions found.
IBM $128.45 +0.68 0.53% 4,274,610 NYSE: No mentions found.
J.P.Morgan Chase JPM $37.48 -0.21 0.56% 33,784,188 NYSE: WSJ pC1 "Banks face war over loan buybacks" by Nick Timraos says while mortgage delinquencies are easing, banks are facing a new round of losses from loans made just before the fin'l crisis, and the fight to keep them off their balance sheets is intensifying. leading the charge to make originators repurchase their loans are Fannie Mae and Freddie mac, the 2 gov owned finance agencies that guaranteed the mortgages. Bank of America faces $11.1 bil in unresolved repurchase demands, up 46% in just 6 months. JP Morgan wouldn't comment.
Johnson & Johnson JNJ $59.22 +1.21 2.09% 13,365,907 NYSE: No mentions found.
Kraft KFT $29.26 -0.19 0.65% 13,828,844 NYSE: WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
McDonald's MCD $73.22 +1.43 1.99% 7,373,543 NYSE: No mentions found.
Merck MRK $35.54 +0.57 1.63% 10,612,375 NYSE: No mentions found.
Microsoft MSFT $24.71 +0.34 1.4% 52,675,678 NASDAQ-GS: WSJ pB1 "Google TV is a tough sell among would be partners" by Jessica E. Vascellaro says Google is launching a campaign to line up TV networks' support for its new Google TV software, but many remain reluctant to partner with a service that encroaches on their turf. Google TV goes further than Apple and Microsoft and others which show TV shows and movies on the Web because Google software will play any video that runs anywhere on the web.
Pfizer PFE $16.27 +0.24 1.5% 50,344,397 NYSE: WSJ pB1 "Lilly ends work on Alzheimer treatment" by Peter Loftus says Eli Lilly is halting development of an experimental drug fro Alzheimer's disease. Pfizer was earlier developing an experimental drug, Dimebon, which also failed.
Procter & Gambl ePG $60.29 +0.52 0.87% 10,786,830 NYSE: No mentions found.
3M MMM $84.09 +0.66 0.79% 4,345,072 NYSE: No mentions found.
Travelers TRV $49.91 unch unch 4,737,312 NYSE: No mentions found.
United Technologies UTX $70.51 +0.16 0.23% 6,436,164 NYSE: No mentions found.
Verizon VZ $30.17 +0.21 0.7% 17,589,618 Dual Listed: No mentions found.
Walmart WMT $51.02 +0.61 1.21% 16,258,430 NYSE: WSJ pB1 "Retailers are sold on frugality" by Miguel Bustillo says Wlamart reported a 3.6% gain in 2Q earnings while Home Depot reported a 6.8% quarterly profit jump.
NYT pB3 WalMart and Home Depot beat estimates, but say consumers are cautious" by Stephanie Clifford, USA Today p1B "WalMart quarterly earnings up 3.6%", AJC pA10 "WalMart profit rises 3.6% on cost cutting" say Walmart had a 3.6% increase in 2Q net income and raised its earnings guidance for the full year as it benefits from cost cutting and robust global growth in China, Brazil and Mexico. Walmart ahd net income of $3.59 bil or 97 cents a sahre for the perod ended 7/31 compared with $3.47 bil or 89 cents a sahre a year earlier. Rev rose 3% to $104 bil, rev at stores open at least a year fell 1.4%.
WSJ pC1 "Wave of deals helps to end Dow's slump" by Jonathan Cehng says the Dow snapped a 5 day skid as signs of life in corp takeovers and strong results from a pair of retail giants helped US stocks post their strongest gain in 2 weeks. Oil prices, which increasingly have been tracking stocks, also ended a 5 day losing streak. The euro also rose, helped by a strong auction of Irish gov bonds. Demand for Treasurys fell as investors moved out of safer assets. Big gainers were Home Depot and WalMart whose earnings boosted hopes that consumer spending may not be as stagnant as feared.
WSJ pC5 "WalMart adds 1.2%; Kraft falls' by Kristina Peterson says the Dow snapped a 5 day losing streak powered by better than expected earnings from Home Depot and Walmart. Home Depot is charted under Good news says its net profit rose 6.8% on a slight increase in foot traffic in stores adn share buybacks. Despite rev caution, it raised its full year earnings outlook. Kraft was one of only 2 Dow components to close in the red slipping 19 cents.
NYT pB9 "Shares post sharp gains, helped by earnings reports" by Bloomberg says stocks rose on Tues, sending the S&P 500 to its biggest gain in 2 weeks, after some good earnings from retailers and news of a $39 bil bid for the Potash Corp. WalMart and Home Depot both jumped as both raised their full year earnings forecasts.
Fin Times p11 "Walmart sales hit afgter retailer gives stores less clutered look" by Jonathan Birchall says Walmart suffered its 5th successive decline in sales in the 2Q, hit by weak economic conditions and a rare opeational misstep by the world's largest retailer. A costly remodeling program, dubbed Project Impact, aimed at increasing store productivity and sales by gives he stores a cleaner, less cluttered feel had hurt sales.
Fin Times p20 "Home Depot and Walmart figures bolser sentiment" by Hannah Kuchler says US equities rose yesterday afer retail bellwethers Walmart and Home Depot reported positive earnings, Potash rejected a takeover bid and data showed US production rose more than expected. Walmart rose 1.2% after it posted a better than expected quarterly profit and raised its forecast for the full year to $3.95 to $4.05 a share from $3.90 to $4 a share. Home Depot also beat analysts' estimates but sales missed expectations.
****************************
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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- 8/31/10 Tues pm Dow Closes 10,014.72 up 4.99 or 0.05%
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- 8/17/10 Tues am Home Depot, WalMart Report Today, ...
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