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Post No. 617 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 10,269.47 up 254.75 or 2.54% from Tuesday's close of 10,014.72. Of the 30 Dow Companies: all 30 gained and noone declined. The biggest gainer dollar-wise was Chevron CVX $76.77 +2.69 3.63% 10,246,122 NYSE and percentage-wise was Bank of America BAC $13.2075 +0.7475 6% 202,092,675 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.51 down from Tuesday's 13.70 (year ago it was 15.02) the P/E estimate is 12.02 unchanged from Tuesday's 12.02 (year ago it was 15.08) and the current dividend yield is 2.81 up from Monday's 2.77 (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 1,356.89 up 33.65 from Tuesday's closing numerator of 1,323.24. 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 33.65 for Wednesday by the divisor (0.132129493) you get the increase in Wednesday's Dow of 254.75. 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 $45.23 up 1.12 from Tuesday's Dow Jones Industrial Average average closing price of $44.11. The median closing price of Wednesday's Dow Jones Industrial Average was $40.14 up 0.98 (AXP/HPQ) from Tuesday's Dow Jones median price of $39.16. The lowest volume was 3M MMM $81.01 +2.46 3.13% 4,459,183 NYSE and the highest volume again was Bank of America BAC $13.2075 +0.7475 6% 202,092,675 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 made $3,365 ($135,689 - $132,324).
MarketWatch 9/1/10 Wednesday 4:24 pm by Kate Gibson says U.S. stocks surged Wednesday after a reading on manufacturing activity climbed in August, defying expectations of a decline and helping to calm worries about the direction of the economy. Bouncing back from their biggest August slide in nine years, the major stock indexes climbed after the Institute for Supply Management reported its index of factory activity rose to 56.3 last month from 55.5 the prior month. Readings above 50 signal growth. The Dow Jones Industrial Average (DJIA 10,269, +254.75, +2.54%) rose 254.75 points, or 2.5%, to 10,269.47, with all 30 of its components tallying gains. Bank of America Corp. (BAC 13.19, -0.02, -0.13%), up 6%, and heavy-equipment maker Caterpillar Inc. (CAT 68.45, +0.29, +0.42%) , up 4.6%, led the advance. The S&P 500 Index (SPX 1,080, +30.96, +2.95%) gained 30.96 points, or 3%, to 1,080.29, with the industrial and consumer-discretionary sectors pacing the rise among its 10 industry groups. The Nasdaq Composite Index (COMP 2,177, +62.81, +2.97%) climbed 62.81 points, or 3%, to end at 2,176.84. For every stock on the decline, six rose on the New York Stock Exchange, where 1.2 billion shares traded. On the New York Mercantile Exchange, crude-oil futures added $1.99 to $73.91 a barrel, while gold futures lapsed 0.2% to finish at $1,248.10 an ounce. Shares of Burger King Holdings Inc. (BKC 18.88, +0.02, +0.09%) rallied 14.7% on reports the fast-food chain was in talks with 3G Capital Management LLC about a possible buyout. See more noteworthy movers. Apple Inc. (AAPL 250.33, +7.23, +2.97%) shares gained almost 3% after the technology company's CEO Steve Jobs announced a new line of iPods. Less promising were sales of automobiles in August, with General Motors Co. reporting sales fell 7% from the prior month, when consumers took advantage of government rebates. Hot stocks: Transportation pushes higherTransportation index surges as encouraging manufacturing data from China help relieve fears over a cooling global economy. FedEx, US Airways and Railamerica are all standouts. MarketWatch's Christopher Hinton reports. Data from overseas also bolstered sentiment, with purchasing managers' data from China and a report of economic expansion from Australia helping offset worries about the global recovery.
The market's rise comes two days ahead of the government's monthly employment report, with Federal Reserve Bank of Dallas President Richard Fisher on Wednesday saying uncertainty about taxes is among the factors holding hiring back. Read more about Fisher's view of factors holding back hiring.
Wednesday's Dow Closing Numbers:
At&T T $27.35 +0.32 1.18% 28,009,174 NYSE
Alcoa AA $10.52 +0.3025 2.96% 23,369,225 NYSE
Amex AXP $41.07 +1.20 3.01% 7,479,313 NYSE
Bank of America BAC $13.2075 +0.7475 6% 202,092,675 NYSE
Boeing BA $62.29 +1.16 1.9% 5,600,334 NYSE
Caterpillar CAT $68.16 +3 4.6% 8,959,832 NYSE
Chevron CVX $76.77 +2.69 3.63% 10,246,122 NYSE
CSCO $20.26 +0.275 1.38% 79,747,125 NASDAQ-GS
Coke KO $57.31 +1.4275 2.55% 11,900,417 NYSE
DIS $33.51 +0.97 2.98% 9,823,106 NYSE
DuPont DD $42 +1.23 3.02% 8,276,239 NYSE
Exxon XOM $60.91 +1.80 3.05% 25,716,673 NYSE
GE $15.01 +0.53 3.66% 77,003,513 NYSE
Hewlett-Pac HPQ $39.21 +0.76 1.98% 22,071,418 NYSE
Home Depo HD $28.67 +0.85 3.06% 12,518,824 NYSE
Intel INTC $18.14 +0.475 2.69% 73,065,144 NASDAQ-GS
IBM $125.77 +2.64 2.14% 5,507,353 NYSE
JPMorgan JPM $37.74 +1.38 3.8% 36,034,475 NYSE
Johnson & John JNJ $58.29 +1.27 2.23% 11,344,496 NYSE
KFT $30.38 +0.47 1.57% 10,683,410 NYSE
MCD $74.54 +1.48 2.03% 6,641,660 NYSE
MSFT $23.9 +0.435 1.85% 64,565,381 NASDAQ-GS
MRK $35.62 +0.46 1.31% 12,798,444 NYSE
Pfizer PFE $16.28 +0.37 2.33% 45,008,952 NYSE
Procter & Gam PG $59.8 0.13 0.22% 14,690,832 NYSE
3M MMM $81.01 +2.46 3.13% 4,459,183 NYSE
Travelers TRV $50.31 +1.32 2.69% 4,902,981 NYSE
United Tech UTX $67.37 +2.16 3.31% 5,155,780 NYSE
Verizon VZ $30.26 +0.73 2.47% 23,472,378 DualListed
WalMart WMT $51.2 +1.06 2.11% 13,358,374 NYSE
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The following are excerpts from Wed. morning's Blog.
A read of Wednesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Tuesday at 10,014.72 up 4.99 or 0.05% from Monday's close of 10,009.73. For the year the Dow is down 3.96%. For the month the Dow declined 4.3%. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was Caterpillar CAT $65.16 +0.69 1.07% 6,704,516 and percentage-wise was At&T T $27.03 +0.40 1.5% 32,437,843 NYSE. The biggest decliner dollar-wise was 3M MMM $78.55 -1.10 1.38% 4,912,051 NYSE and percentage-wise was Cisco CSCO $19.985 -0.335 1.65% 93,167,651 NASDAQ-GS.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
WSJ pB1 "Dow's Aug decline is deepest since '01" by Jonathan Cheng says stocks limped to their worst Aug since '01, battered by a wave of discouraging data that cast doubt on the faltering economic recovery. Intel and Cisco Systems were big decliners and joined Hewlett-Packard as the month's worst performers among Dow components, each falling 13% or more in Aug.
Fin Times p22 Fed minutes fears erase gains from consumer news" by Hannah Kuchler says US stocks were flat Tues after fears that the Fed Reserve may have ruled out large scale asset purchases erased earlier gains made on the back of positive consumer spending and housing data.
NYT pB9 "Wall St. indexes struggle for a direction" by Christine Hauser says it was a rough month in Aug on Wall St. Evidence persisted that the economy was struggling. The Fed Res made a surprise decision to buy gov debt and uncertainty over the coming election in the US continued to weigh on sentiment.
USA Today p4B "Fed's concerns temper stock gains" by AP says stocks closed nearly unchanged Tues after more caution from the Fed Res erased early gains in maket indexes.
Tuesday's Dow Jones Industrial Average closing numerator was 1,323.24 up 0.66 from Monday's closing numerator of 1,322.58. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase of 0.66 for Tuesday by the divisor (0.132129493) you get the increase in Tuesday's Dow of 4.99. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $44.11 up 0.02 from Monday's Dow Jones Industrial Average average closing price of $44.09. The median closing price of Monday's Dow Jones Industrial Average was $39.16 (AXP/HPQ) down 0.08 from Monday's Dow Jones median price of $39.23. The lowest volume was Travelers TRV $48.99 +0.04 0.08% 4,539,722 NYSE and the highest volume again was Bank of America BAC $12.46 -0.14 1.14% 171,750,731 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $86 ($$132,324 - 132,258).
MarketWatch 8/31/10 Tuesday 4:28 pm by Kristina Peterson says U.S. stocks finished a lackluster session little changed on Tuesday but finished the month with their worst August performance since 2001 as concerns about the economy continued to pile on. Minutes from the last meeting of the Federal Reserve did little to dispel those concerns ahead of the release of employment numbers for August this week. The Dow Jones Industrial Average (DJIA 10,015, +4.99, +0.05%) on Tuesday rose 4.99 points to end at 10,014.72. Stocks still posted steep losses for the month as investors lowered their expectations for economic growth in response to a flood of weak data in August. The Dow shed 4.3% this month, its first down August in five years and the blue-chip measure's worst August since 2001. On Tuesday, the S&P 500 index (SPX 1,049, +0.41, +0.04%) gained 0.41 point to 1,049.33. The Nasdaq Composite (COMP 2,114, -5.94, -0.28%) fell 5.94 points to 2,114.03 on Tuesday. The S&P 500 and the Nasdaq also posted their worst August performance since 2001, down 4.7% and 6.2% respectively. Small-capitalization stocks, seen as leading indicator of the economy, have taken an even bigger hit this month. The Russell 2000 index of small-cap stocks (RUT 602.06, +0.34, +0.06%) posted its worst August performance in 12 years. On Tuesday the market lost most of its earlier gains after minutes of the Aug. 10 Fed meeting showed most policy makers agreed that the new strategy of reinvesting maturing or refinanced mortgage-related securities was necessary given the weakening economic recovery. Adding to the jumpy trading on Tuesday, trading volume remained weak with only 1.4 billion shares changing hands at the New York Stock Exchange. Advancing issues still topped decliners by 16 to 13. Technology stocks took a hit after technology researcher Gartner cut its 2010 projection for world-wide personal-computer shipments, saying the second half won't be a strong as it previously expected. Intel (INTC 17.71, +0.04, +0.25%) fell 1.6%, while Cisco Systems (CSCO 20.06, +0.08, +0.39%) shed 1.7%. Flash-memory device maker SanDisk (SNDK 33.25, +0.12, +0.36%) fell 3.3%. Helping lift the Dow, J.P. Morgan Chase (JPM 36.35, -0.01, -0.03%) , which had been one of the Dow's worst performers in August, rose 1.4% on Tuesday. Continuing the buzz around recent deal activity, luxury-fashion retailer Saks (SKS 7.89, -0.01, -0.15%) jumped nearly 20%. Saks' climb was fueled by speculation that a private-equity consortium is preparing a cash bid of $1.7 billion, or $11 a share, for the retailer, according to the Daily Mail newspaper, citing unidentified sources. A Saks spokeswoman said the company doesn't comment on rumors or speculation. Biotech agribusiness company Monsanto (MON 52.66, +0.01, +0.03%) dropped 5.8% after predicting its fiscal-year earnings will come in at the low end of its prior view. The U.S. dollar weakened against both the euro and the yen. The euro was trading recently at $1.2670, up from $1.2665 late Monday in New York. Demand for Treasurys rose, with the 10-year note (UST10Y 2.47, -0.06, -2.45%) up to push its yield down to 2.47%. Crude-oil prices edged down, while gold futures also slipped.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
At&T T $27.03 +0.40 1.5% 32,437,843 NYSE: WSJ pB6 "Sprint faces 4G dilemma" by Joann S. Lublin says Sprint has bet its future on the new highs peed 4G network and has joined with Cearwire Corp. to build it. But it will face competition late this year from industry leader Verizon Wireless and next year from AT&T. AT&T has 90.1 mil subscribers and Verizon has 92.1 subscribers.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
Alcoa AA $10.2175 -0.0325 0.32% 21,022,225 NYSE
Amex AXP $39.87 -0.02 0.05% 8,203,885 NYSE
Bank of Am BAC $12.46 -0.14 1.14% 171,750,731 NYSE: NYT pB2 "Ex-chief haunts Bank of Am" says Ken Lewis's expansionsim lingers and the result is Bank of America's stock has fallen 37% from this year's high and now trades at a 42% discount to last quarter's book value.
Boeing BA $61.13 -0.97 1.56% 5,281,462 NYSE: No mentions found.
Caterpillar CAT $65.16 +0.69 1.07% 6,704,516 NYSE: No mentions found.
Chevron CVX $74.08 +0.30 0.41% 9,002,961 NYSE: No mentions found.
Cisco CSCO $19.985 -0.335 1.65% 93,167,651 NASDAQ-GS: WSJ pB1 "Dow's Aug decline is deepest since '01" by Jonathan Cheng says stocks limped to their worst Aug since '01, battered by a wave of discouraging data that cast doubt on the faltering economic recovery. Intel and cisco Systems were big decliners and joined Hewlett-Packard as the month's worst performers among Dow components, each falling 13% or more in Aug.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
Coke KO $55.8825 +0.3325 0.6% 9,195,066 NYSE: No mentions found.
Disney DIS $32.54 +0.19 0.59% 12,336,504 NYSE: No mentions found.
DuPont DD $40.77 +0.45 1.12% 6,800,352 NYSE: No mentions found.
Exxon XOM $59.11 +0.11 0.19% 26,540,241 NYSE: No mentions found.
GE $14.48 -0.04 0.28% 58,755,789 NYSE: No mentions found.
Hewlett-Packard HPQ $38.45 -0.11 0.29% 30,035,857 NYSE: WSJ pB3 "Hurd to leave News Corp. board" by Shira Ovide", Fin Times p13 "NoNews Corp seat for Hurd" by Kenneth Li, AJC pA14 "HP's ex-CEo to leave board at term's end" says Mark Hurd will not run for re-election to News Corp.'s board of directors. News Corps owns 20th Century Fox, MYSpace, Fox cable channels. and tv stations and newspapers.
NYT pB2 "HP to work with Hynix on new cmoputer memory chips" by John Markoff says Hewlett-Packard will commercialize a new computer memory technology with Hynix, the S. Korean chip maker.
WSJ pB7 "In H-P Dell War, is Dave vs. Dave" by Ben Worthen says as the biding war between Hewlett-Packard and Dell for #Par reaches its deadline, it is Dave Johnson at Dell vs. Dave Donatelli at HP, the 2 execs who are leading the fight.
WSJ pC1 "Dow's Aug decline is deepest since '01" by Jonathan Cheng says stocks limped to their worst Aug since '01, battered by a wave of discouraging data that cast doubt on the faltering economic recovery. Intel and cisco Systems were big decliners and joined Hewlett-Packard as the month's worst performers among Dow components, each falling 13% or more in Aug.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
Home Depot HD $27.82 -0.17 0.61% 12,274,686 NYSE: No mentions found.
Intel INTC $17.665 -0.295 1.64% 109,964,457 NASDAQ-GS: Fin Times p22 "Infineon sldies as traders look for profits" by Akanksha Awal says in Frankfurt, Infineon ws the biggest faller as traders took profit from the stock's specualtive run higher ahead of Mon's announcement of Intel's $1.4 bil bid for it.
WSJ pC1 "Dow's Aug decline is deepest since '01" by Jonathan Cheng says stocks limped to their worst Aug since '01, battered by a wave of discouraging data that cast doubt on the faltering economic recovery. Intel and Cisco Systems were big decliners and joined Hewlett-Packard as the month's worst performers among Dow components, each falling 13% or more in Aug.
IBM $123.13 -0.27 0.22% 5,531,769 NYSE: No mentions found.
JPMorgan JPM $36.36 +0.51 1.42% 34,359,341 NYSE: WSJ pC16 "JPMorgan's sweet WaMu mortgage deal" says large banks struck some good deals int he midst of the credit crisis. JPMorgan's purchase of WaMu is paying off because it resolved certain claims with the Fed gov relating to mortgage repurchases.
WSJ pC3 "JPMorgan is folding proprietary trade desks" by Matthias Riker says JPMorgan is winding down is proprietary trading operations and has given notice to its 20 proprietary commodities traders about the elimination of their jobs.
Johnson & Johnson JNJ $57.02 -0.28 0.49% 14,417,904 NYSE: WSJ pB3 "Race on to prevent clots" by Ron Winslow says promising results for 2 experimental drugs provided fuel for a race to develop medicines to replace blood thinner warfarin for the prevention of blood clots, a global market that could exceed $20 bil a year ins ales. Merck with Portola is developing Betrixaban with a major trial to being in '11, Pfizer & Bristol-Myers Squibb is developing Apixaban with trials in '22 and Bayer and Johnson & Johnson is developing Rivaroxaban with results of major trial expected in Nov.
KFT $29.91 +0.21 0.71% 9,078,962 NYSE: No mentions found.
MCD $73.06 +0.32 0.44% 5,516,517 NYSE: WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
MRK $35.16 +0.43 1.24% 16,331,214 NYSE: WSJ pB3 "Race on to prevent clots" by Ron Winslow says promising results for 2 experimental drugs provided fuel for a race to develop medicines to replace blood thinner warfarin for the prevention of blood clots, a global market that could exceed $20 bil a year ins ales. Merck with Portola is developing Betrixaban with a major trial to being in '11, Pfizer & Bristol-Myers Squibb is developing Apixaban with trials in '22 and Bayer and Johnson & Johnson is developing Rivaroxaban with results of major trial expected in Nov.
MSFT $23.465 -0.175 0.74% 64,297,098 NASDAQ-GS: WSJ pB7 "Microsoft sets goal for China" by Owen Fletcher says Microsoft is looking for a cinese partner to help make it a major player in China's Internet search market.
Pfizer PFE $15.91 +0.05 0.32% 44,252,751 NYSE: WSJ pB3 "Race on to prevent clots" by Ron Winslow says promising results for 2 experimental drugs provided fuel for a race to develop medicines to replace blood thinner warfarin for the prevention of blood clots, a global market that could exceed $20 bil a year ins ales. Merck with Portola is developing Betrixaban with a major trial to being in '11, Pfizer & Bristol-Myers Squibb is developing Apixaban with trials in '22 and Bayer and Johnson & Johnson is developing Rivaroxaban with results of major trial expected in Nov.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blood thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
WSJ pC5 "HP, Intel, Cisco sink in month" by Donna Yesalavich says stocks eked out a tiny advance, with AT&T, JPMorgan and Merck among the day's gainers int he conclusion of a bruising month for the market. The Dow's tech component were the biggest weight on the Dow for Aug., with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco sliding 13% in the month. For the month the biggest Dow gainers were Pfizer up 6.1% and McDonald's up 4.8% and the biggest Dow losers where HPQ down 16.5%, and Intel down 14.3%. Pfizer gains 5 cents after a study showed an experimental blodd thinning drug form it cut the rate of strokes by more than 50% vs aspirin among some patients.
Procter & Gamble PG $59.67 +0.30 0.51% 12,462,931 NYSE: No mentions found.
3M MMM $78.55 -1.10 1.38% 4,912,051 NYSE: Fin Times p13 "3M to acquire Attenti holdings" by Jeremy Lemer, pA14 "3M buying maker of products to track people" says 3M said it will pay $230 in cash for Israeli firm, Attenti Holdings SA that makes ankle bracelets that use gps and radio frequency tech to track people on probation and patients.
Travelers TRV $48.99 +0.04 0.08% 4,539,722 NYSE: No mentions found.
United Tech UTX $65.21 -0.18 0.28% 5,162,953 NYSE: No mentions found.
Verizon VZ $29.53 +0.09 0.31% 20,776,405 Dual Listed: WSJ pB6 "Sprint faces 4G dilemma" by Joann S. Lublin says Sprint has bet its future on the new highs peed 4G network and has joined with Cearwire Corp. to build it. But it will face competition late this year from industry leader Verizon Wireless and next year from AT&T. AT&T has 90.1 mil subscribers and Verizon has 92.1 subscribers.
WalMart WMT $50.14 -0.41 0.81% 24,878,591 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest SEC filings as of 8/17/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
7/22/10 8K re: 2Q earnings
6/25/10 8K: re: amendments to employee compensation plans.
5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.
Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller
American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
7/22/10 8K 2Q results
7/21/10 8K re: Personnel changes & Board of Dir. elections
7/15/10 8K Delinquency & write-off statistics through 6/30/10
Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress
Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.
4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010
Caterpiller CAT: 7/30/10 10Q 1Q 6/30/10
7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10
7/22/10 8K: re: dealer statistics
6/18/10 8K re: dealer statistics.
6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.
/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.
6/11/10 8K re: results of 6/9 annual meeting of shareholders.
6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.
5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.
Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
7/12/10 8K re: updated on 2Q results
6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.
Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders
Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results
Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results
DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.
ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
6/25/10 8K re: completion of its acquisition of XTO Energy Inc.
6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders
GE: 8/2/10 10Q 1Q 6/30/10
7/16/10 8K re: 2Q reports
6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.
Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
6/8/10 8K re: 10Q
6/1/10 10Q
6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.
Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.
Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.
7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.
7/14/10 8K re: CFO commenting on 2Q results.
7/13/10 8K re: 2Q results.
6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.
5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.
5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.
5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders.
IBM: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.
JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.
Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
7/20/10 8K re: 2Q results ending 7/4/10
7/19/10 8K re: Bd of Dirs. election
7/12/10 K re: agreement to buy Micrus Endovascular.
Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting
Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.
5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.
Microsoft MSFT: 7/30/10 10K year ended 6/30/10
7/22/10 8K re: 4Q results ending 6/30/10.
6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).
5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.
Pfizer PFE: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.
Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
7/13/10 8K re: declaration of quarterly dividend.
5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.
3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.
Travelers TRV: 7/22/10 8K & 10Q
6/15/10 8K re: $1 bil 3 year revolving credit agreement.
5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders
4/23/10 10Q
United Technologies UTX: 7/26/10 10Q 1Q 6/30/10
7/21/10 8K re: 2Q results
5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.
Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
7/23/10 8K re: 2Q results ending 6/30/10
7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.
6/11/10 8K re: agreement with certain unions.
5/27/10 8K re: record date of 6/7/10 re: proposed spin off of shares of New Communications Holdings.
5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.
WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
7/7/10 8K re: underwriting to the public of several series of notes.
7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.
6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.
6/9/10 8K re: results of 6/4 annual meeting of shareholders.
6/14/10 10Q.