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Post No. 590. 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 Monday at 10,302.01 down 1.14 or 0.01% from Friday's close of 10,303.15. Of the 30 Dow Companies: 12 gained and 18 declined. The biggest gainer dollar-wise and percentage-wise was 3M MMM $83.4 -0.61 0.73% 2,145,335 NYSE. The biggest decliner dollar-wise and percentage-wise was Cisco CSCO $21.91 +0.55 2.57% 88,201,433 NASDAQ-GS.
As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.89 down from Friday's 13.94 (year ago it was 15.06) the P/E estimate is 12.49 down from Friday's 12.49 (year ago it was 14.65) and the current dividend yield is 2.71 unchanged from Friday's 2.71 (it was 3.04 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,361.20 down 0.15 from Friday's closing numerator of 1,361.35. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 0.15 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 1.14. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $45.38 unchanged from Friday's Dow Jones Industrial Average average closing price of $45.38. The median closing price of Monday's Dow Jones Industrial Average was $39.60 down $0.08 from Friday's median price of $39.68. The lowest volume was 3M MMM $83.4 -0.61 0.73% 2,145,335 NYSE and the highest volume again was Bank of America BAC $13.22 -0.01 0.08% 90,507,632 NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have broken even ($136,135 - $136,136).
MarketWatch 8/16/10 Mon. 4:14 pm by Laura Mandaro says U.S. stocks made a lackluster finish to the day's trading Monday, with the Dow Jones Industrial Average (DJIA 10,302, -1.14, -0.01%) extending its losing streak by a hair, and the other benchmarks ending modestly higher. Down for a fifth straight day, the Dow lost 1.1 point, or 0.01%, to 10,302.01. The S&P 500 (COMP 2,182, +8.39, +0.39%) added 0.1 point, or 0.01%, to 1,079.38, with materials and tech stocks in the lead. The Nasdaq Composite (COMP 2,182, +8.39, +0.39%) ended up 8.4 points, or 0.4%, to 2,181.87, coming back a bit from last week's rout. Disappointment over Japan's GDP and New York-area manufacturing weighed on sentiment, though investors avoided big positions. All three benchmarks are still down for the year.
Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.65 -0.07 0.26% 18,318,826 NYSE
Alcoa AA $10.585 -0.055 0.52% 13,453,590 NYSE
American Express AXP $41.55 -0.18 0.43% 6,281,667 NYSE
Bank of America BAC $13.22 -0.01 0.08% 90,507,632 NYSE
Boeing BA $64.4 -0.44 0.68% 2,594,240 NYSE
Caterpillar CAT $68.5 +0.49 0.72% 5,081,679 NYSE
Chevron CVX $77.72 +0.32 0.41% 6,703,865 NYSE
Cisco CSCO $21.91 +0.55 2.57% 88,201,433 NASDAQ-GS
Coca-Cola KO $55.89 +0.16 0.29% 6,240,912 NYSE
Walt Disney DIS $33.61 -0.07 0.21% 6,316,713 NYSE
DuPont DD $40.3979 +0.0779 0.19% 3,036,659 NYSE
ExxonMobil XOM $59.8 -0.11 0.18% 12,772,335 NYSE
GE $15.45 +0.07 0.46% 52,362,196 NYSE
Hewlett-Packard HPQ $40.5799 +0.1299 0.32% 21,970,223 NYSE
Home Depot HD $27.41 +0.10 0.37% 11,360,324 NYSE
Intel INTC $19.47 +0.32 1.67% 47,743,043 NASDAQ-GS
IBM $127.73 -0.14 0.11% 3,672,136 NYSE
J.P.Morgan Chase JPM $37.655 +0.155 0.41% 25,579,754 NYSE
Johnson & Johnson JNJ $57.99 -0.16 0.28% 8,061,329 NYSE
Kraft KFT $29.46 -0.04 0.14% 4,883,154 NYSE
McDonald's MCD $71.78 -0.11 0.15% 4,608,992 NYSE
Merck MRK $34.97 -0.03 0.09% 6,065,339 NYSE
Microsoft MSFT $24.5 +0.10 0.41% 40,400,800 NASDAQ-GS
Pfizer PFE $16.02 -0.06 0.37% 33,837,518 NYSE
Procter & Gamble PG $59.71 -0.11 0.18% 12,369,898 NYSE
3M MMM $83.4 -0.61 0.73% 2,145,335 NYSE
Travelers TRV $49.91 -0.23 0.46% 3,248,106 NYSE
United Technologies UTX $70.36 -0.34 0.48% 2,392,661 NYSE
Verizon VZ $29.97 -0.06 0.2% 13,357,201 Dual Listed
WalMart WMT $50.37 -0.03 0.06% 9,146,738 NYSE
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The following are excerpts from Mon. morning's Blog.
A read of Monday's issue of Barron's (8/16/10), 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 Friday's stock prices and related data.
Dow Jones Industrial Average The Dow Jones Industrial Average closed Friday at 10,303.15 down 16.8 or 0.16% from Thursday's close of 10,319.95. For the week the Dow was down 350.41 or 3.29% from last Friday's close of 10,653.56. For the year the Dow is down 1.2%. Of the 30 Dow Companies: 9 gained and 21 declined. The biggest gainer dollar-wise was Caterpillar CAT $68.08 +0.58 0.86% 5,813,185 NYSE and percentage-wise was Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 NYSE. The biggest decliner dollar-wise was DuPont DD $40.28 -0.49 1.2% 3,826,862 NYSE and percentage-wise was Intel INTC $19.205 +0.245 1.26% 50,885,468 NASDAQ-GS.
Friday's Dow Jones Industrial Average closing numerator was 1,361.35 down 2.09 from Thursday's closing numerator of 1,363.56. 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 2.09 for Friday by the divisor (0.132129493) you get the decrease in Friday's Dow of 16.8. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $45.38 down $0.07 from Thursday's Dow Jones Industrial Average average closing price of $45.45. The median closing price of Friday's Dow Jones Industrial Average was $39.68 down $0.30 from Thursday's median price of $39.98. The lowest volume was 3M MMM $83.95 -0.06 0.07% 1,700,344 NYSE and the highest volume again was Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $221 ($136,356 - $136,135).
MarketWatch 8/13/10 Fri. 4:22 pm by Nick Godt says U.S. stocks finished lower on Friday and posted heavy losses for a week that saw major averages again turn negative for the year as concerns about economic growth returned to the fore. On Friday, the Dow Jones Industrial Average (DJIA 10,303, -16.80, -0.16%) fell 16.80 points, or 0.2%, to end at 10,303.15, weighed down by more than 1% drops in shares of Home Depot (HD 27.30, -0.01, -0.04%) , Intel (INTC 19.19, +0.04, +0.21%) , and American Express (AXP 41.73, -0.03, -0.07%) . For the week, the Dow industrials slumped 3.3%, and is now down 1.2% year to date. The S&P 500 index (SPX 1,079, -4.36, -0.40%) lost 4.36 points, or 0.4%, to 1,079.25, weighed by the consumer discretionary sector. For the week, the S&P 500 is off 3.8%, leading the broad-market gauge to lose 3.2% for the year. The Nasdaq Composite (COMP 2,173, -16.79, -0.77%) fell 16.79 points, or 0.8%, to 2,173.48. The tech-heavy index fell the hardest of the three major averages this week, losing 5%. For the year so far, the Nasdaq is now down 4.2%.
Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $26.71 +0.05 0.19% 19,828,603 NYSE: Barron's p12 "Week in Preview" says Google & Verizon endorsed a two-tier system for Internet broadband traffic while backing limited rules for wireless Web access which contrasts with the Obama admin's "net neutrality" rules.
NYT pB2 "Variable pricing and net neutrality" by Rob Cox discussed Google and Verizon's joint statement last week on the Internet's future. Tehre are two factions, those who provide Web access, the Pipes suchjas AT&T and Verizon who have 142 mil wireless customers and provide fiber and DSL home connections along with cable operators such as Comcast and Time Warner who reach 30 mil homes. The other faction are the Swipes who benefit from surging Internet trafic such as Apple, Google, Cisco and Microsoft who sell advertising, routers or mobile devices and demand ever lager amounts of bandwidth. The Pipes pay for the infrastructure, last year alone they spent $42 bil on capital expenses.
Alcoa AA $10.62 -0.1095 1.02% 13,855,664 NYSE: No mentions found.
American Express AXP $41.79 -0.36 0.85% 5,227,588 NYSE: No mentions found.
Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 NYSE: WSJ pC1 "BofA has BlackRock stake on its mind" by Dan Fitzpatrick says Bank of America has concluded that its 34% share of BlackRock isn't a core asset and is weighing a possible reduction of its holidngs in the influential NY asset manager which oversees $3.15 trillion in client assets.
Boeing BA $64.9 +0.20 0.31% 2,984,386 NYSE: WSJ pB2 "Mexicana dogfigtths high flying repo men" by Doug Cameron says a NY bankruptcy court on Mon will consider Mexicana Airlines' failure to pay its lessors. The airline industry is hungry for capital. Boeing forecasts $3.6 trillion is needed to pay for large jet purchases between now and '29.
Caterpillar CAT $68.08 +0.58 0.86% 5,813,185 NYSE: Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.
Chevron CVX $77.3565 +0.2865 0.37% 5,712,203 NYSE: Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.
Cisco CSCO $21.37 +0.01 0.05% 62,977,769 NASDAQ-GS: NYT pB2 "Variable pricing and net neutrality" by Rob Cox discussed Google and Verizon's joint statement last week on the Internet's future. Tehre are two factions, those who provide Web access, the Pipes suchjas AT&T and Verizon who have 142 mil wireless customers and provide fiber and DSL home connections along with cable operators such as Comcast and Time Warner who reach 30 mil homes. The other faction are the Swipes who benefit from surging Internet trafic such as Apple, Google, Cisco and Microsoft who sell advertising, routers or mobile devices and demand ever lager amounts of bandwidth. The Pipes pay for the infrastructure, last year alone they spent $42 bil on capital expenses.
Barron's pM2 "Cisco is charted saying a cautious outlook overshadowed the 27% sales gain reported by it for its June quarter. Sales will flatten in the Sept. quarter.
Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.
Coca-Cola KO $55.75 +0.06 0.11% 6,365,730 NYSE: Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, Coca-Cola and Disney. If the economy grows, that's good for Disney.
Disney DIS $33.6 -0.39 1.15% 9,543,297 NYSE: NYT pB1 "Hulu is said to be ready for an IPO" by Andrew Ross Sorkin says Hulu the rapidly growing hub for online tv and movies aims to go public through an offering tht could vale the firm at more tha $2 bil. Hulu is a joint venture of the New Corp, Walt Disney, GE's NBC Universal and Providence Equity Partners.
WSJ pB1 "Apple's ad service off to bumpy start" by Yukari Kane says Apple is facing some early challenges in its closely watched mobile ad foray, with some ad campaigns experiencing delays as agenciesa ttempt to learn the new system. Since launching its iAd mobile ad service on July of the 17 launch partners only Unilever and Nissan had iAd campaigns for July. Walt Disney has since launched iAd campaigns.
Fin Times p13 "Fears rise for future of 3D as Hollywood films flop" by Mattthew Garahan says Disney's' Alice in Wonderland was the second best grossing #D cinema released in '10 with gross rev of $334.2 mi.
Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, Coca-Cola and Disney. If the economy grows, that's good for Disney.
Barron's p29 "Plugged in" by Mark Veverka says Steve Jobs could make a content acquisition, given his positive experience with Pixar and his board post at Disney.
DuPont DD $40.28 -0.49 1.2% 3,826,862 NYSE: No mentions found.
ExxonMobil XOM $59.93 -0.30 0.5% 10,900,229 NYSE: No mentions found.
GE $15.385 -0.11 0.71% 33,106,748 NYSE: WSJ pC6 "A harsher regulatory light will shine on GE capital" by Peter Eavis says TE Capital which has $589 bil assets is coming under oversight of the Fed Res as a result of the Dodd-Frank Act and it is not year clear what its status will be since it won't be classified as a bank but it still will be treated like one.
NYT pB1 "Hulu is said to be ready for an IPO" by Andrew Ross Sorkin says Hulu the rapidly growing hub for online tv and movies aims to go public through an offering tht could vale the firm at more tha $2 bil. Hulu is a joint venture of the New Corp, Walt Disney, GE's NBC Universal and Providence Equity Partners.
Hewlett-Packard HPQ $40.5284 +0.3884 0.97% 26,716,521 NYSE: WSJ pA1 Headline "Hurd deal inflamed board" by Ben Worthen, WSJ pB5 "H-P Ouster a teachable moment" by Joe Light say Hewlett-Packard's decision to oust Hurd 8/6 resulted after the CEO reached a sex harassment settlement that directors thought impeded their probe of the claim.
Fin Times p20 "HP search for chief eclipses results" Hewlett-Packard reports earnings on Thurs but the firm's stock has lost more than 10% of its value since CEO Mark Hurd was ousted and his successor will be on peoples' minds. HPQ is expected to report that it was boosted by this year's revival in hardware sales.
Barron's p7 "Bears watching" by Alan Abelson says the ousting of Mark Hurd was strange and thinks there is some mystery as to what Hurd and Jodie Fisher were really up to if there was no sex involved.
Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.
Barron's p12 "Last week review" quotes Oracle CEO Larry Ellison, a close friend of ousted HP CEO Marks Hurd as saying the decision to fire Hurd was the worst decision since the idiots on Apple board fired Steve Jobs."
Home Depot HD $27.32 -0.29 1.05% 7,664,885 NYSE: WSJ pB2Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.
Intel INTC $19.205 +0.245 1.26% 50,885,468 NASDAQ-GS: Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.
Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.
IBM $127.86 +0.44 0.34% 3,909,264 NYSE: Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, coca-Cola and Disney. If the economy grows, that's good for Disney.
Barron's p11 "Bonds sneeze, but is it contagious?" by Michael Santoli says corporate America has been availing itself of the public's willingness to lend, as the widely noted IBM sale of 3 year notes at a 1% rate attests. The percentage of new corp capital issuance in the form of equity is near a 20 year low. History suggests that what firms are most eager to sell isn't the best buy, and vice versa.
J.P.Morgan Chase JPM $37.56 +0.25 0.66% 20,468,555 NYSE: No mentions found.
Johnson & Johnson JNJ $58.17 +0.35 0.6% 7,116,690 NYSE: Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.
Kraft KFT $29.495 +0.005 0.02% 3,940,097 NYSE: No mentions found.
McDonald's MCD $71.9195 +0.1405 0.19% 5,141,057 NYSE: No mentions found.
Merck MRK $35.01 +0.03 0.09% 6,538,472 NYSE: No mentions found.
Microsoft MSFT $24.43 +0.06 0.24% 40,088,916 NASDAQ-GS: NYT pB2 "Variable pricing and net neutrality" by Rob Cox discussed Google and Verizon's joint statement last week on the Internet's future. Tehre are two factions, those who provide Web access, the Pipes such as AT&T and Verizon who have 142 mil wireless customers and provide fiber and DSL home connections along with cable operators such as Comcast and Time Warner who reach 30 mil homes. The other faction are the Swipes who benefit from surging Internet trafic such as Apple, Google, Cisco and Microsoft who sell advertising, routers or mobile devices and demand ever lager amounts of bandwidth. The Pipes pay for the infrastructure, last year alone they spent $42 bil on capital expenses.
Barron's pM12 says S&P Equity Research did a research report on Microsoft on 8/11 with a hold at $25.07 saying it lowered its rating from Buy as being concerned about a slowing global economy and only moderate growth of PC units sales after rising over 20% in the first half of the year.
Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.
Pfizer PFE $16.1 +0.10 0.62% 27,114,497 NYSE: No mentions found.
Procter & Gamble PG $59.851 +0.139 0.23% 7,394,386 NYSE: No mentions found.
3M MMM $83.95 -0.06 0.07% 1,700,344 NYSE: No mentions found.
Travelers TRV $50.13 +0.50 1.01% 4,424,633 NYSE: No mentions found.
United Technologies UTX $70.63 +0.05 0.07% 1,995,533 NYSE: Barron's p21 "Cover Story - Totally in control" by Michael Santoli says Johnson Controls is greening the Empire Sate Building and investors' wallets as it is a promising play on an auto revival and a cleaner world. New technologies that automate termperature control, air flow, lighting, elevator operation and security are allowing firms such as Johnson Controls, United Technologies' Carrier division, Honeywell Int'l, and Siemens to create stable & nicely growing businesses in this largely invisible role. Johnson Controls has also been increasing its shipments to Walmart for which it was recently named the sole supplier of car batteries.
Verizon VZ $29.9993 -0.3207 1.06% 12,914,952 Dual Listed: NYT pB2 "Variable pricing and net neutrality" by Rob Cox discussed Google and Verizon's joint statement last week on the Internet's future. Tehre are two factions, those who provide Web access, the Pipes suchjas AT&T and Verizon who have 142 mil wireless customers and provide fiber and DSL home connections along with cable operators such as Comcast and Time Warner who reach 30 mil homes. The other faction are the Swipes who benefit from surging Internet trafic such as Apple, Google, Cisco and Microsoft who sell advertising, routers or mobile devices and demand ever lager amounts of bandwidth. The Pipes pay for the infrastructure, last year alone they spent $42 bil on capital expenses. Related story at NYT pB3 "Internet proposal from Google and Verizon raises fears for privacy" by Noam Cohen.
Barron's p12 "Week in Preview" says Google & Verizon endorsed a two-tier system for Internet broadband traffic while backing limited rules for wireless Web access which contrasts with the Obama admin's "net neutrality" rules.
WalMart WMT $50.45 +0.02 0.04% 9,001,616 NYSE: Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.
Barron's p21 "Cover Story - Totally in control" by Michael Santoli says Johnson Controls is greening the Empire Sate Building and investors' wallets as it is a promising play on an auto revival and a cleaner world. New technologies that automate termperature control, air flow, lighting, elevator operation and security are allowing firms such as Johnson Controls, United Technologies' Carrier division, Honeywell Int'l, and Siemens to create stable & nicely growing businesses in this largely invisible role. Johnson Controls has also been increasing its shipments to Walmart for which it was recently named the sole supplier of car batteries.
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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 (Armonk, NY)
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.