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Post No. 652 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 9/12/10 and an update of the Dow 30 component's SEC filings as of 9/12/10.
The Dow Jones Industrial Average closed Wednesday at 10,739.31 down 21.72 or 0.20% from Tuesday's close of 10,761.03. Of the 30 Dow Companies: 12 gained and 18 declined. The biggest gainer dollar-wise was Pfizer PFE $17.22 +0.079 0.46% 51,902,880 NYSE and percentage-wise was Alcoa AA $11.7 +0.53 4.74% 44,145,827 NYSE. The biggest decliner dollar-wise was JPMorgan JPM $39.94 -0.65 1.6% 34,561,750 NYSE and percentage-wise was Microsoft MSFT $24.61 -0.54 2.15% 94,206,833 NASDAQ-GS 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 14.52 up from Monday's 14.51 (year ago it was 15.8678) the P/E estimate is 12.76 unchanged from Monday's 12.76 (year ago it was 15.71) and the current dividend yield is 2.62 unchanged from Monday's 2.62 (it was 2.87 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 1,418.98 down 2.87 from Tuesday's closing numerator of 1,421.85. 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 02.87 for Wednesday by the divisor (0.132129493) you get the decrease in Wednesday's Dow of 21.72. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $47.30 down 0.59 from Tuesday's Dow Jones Industrial Average average closing price of $47.39. The median closing price of Tuesday's Dow Jones Industrial Average was $41.17 (JPM/AXP) up 0.13 from Tuesday's Dow Jones median price of 41.04. The lowest volume was 3M MMM $86.63 +0.08 0.09% 2,464,102 NYSE and the highest volume again was Bank of America BAC $13.42 -0.23 1.68% 140,731,878 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 $272 ($142,170 - $141,898).
MarketWatch 9/22/10 Wednesday 4:54 pm by Jonathan Cheng says stocks fell to break a five-day winning streak, as investors worried about the implications of further Treasury buying by the Federal Reserve. The Dow Jones Industrial Average (DJIA 10,739, -21.72, -0.20%) ended down 21.72 points, or 0.2%, at 10,739.31, with 18 of its 30 components declining. The Standard & Poor’s 500-stock index (SPX 1,134, -5.50, -0.48%) lost 5.51 points, or 0.5%, to 1,134.27, held down by the financials sector, which fell 1.6%. The Nasdaq Composite (COMP 2,335, -14.80, -0.63%) dropped 14.80 points, or 0.6%, to 2,334.55. Gold (GCZ10 1,293, +18.30, +1.44%) rallied to a record high, closing at $1,292.10 an ounce, while the U.S. dollar continued to fall sharply against its major rivals as investors weighed the prospects of the Fed stepping in again to support the economic recovery. The moves extended Tuesday’s action, which saw Treasurys and gold surge and the dollar plunge. Stocks, meanwhile, dropped after trading in a tight belt of less than 100 points amid sluggish trading volumes. About four billion shares changed hands in New York Stock Exchange composite volume, far below the year’s average of five billion shares. “We expect the volatility to continue,” said Robert Zagunis, co-portfolio manager and chairman of the investment committee at Jensen Investment Management. “There are still a lot of housing and employment issues that aren’t resolved.” The indexes were weighed down by a pullback in technology stocks after a strong month that had seen the Nasdaq gain 11% coming into the current session. Adobe Systems shares saw a sharp drop Wednesday morning, dragging down the S&P tech sector, after the company's fourth-quarter guidance disappointed investors. Microsoft /(MSFT 24.62, +0.01, +0.04%) fell 2.2% to lead the Dow’s decliners after the tech giant said late Tuesday it would raise its quarterly dividend payable to shareholders to 16 cents a share from 13 cents a share. Dan Genter, chief investment and executive officer of RNC Genter Capital Management in Los Angeles, said the pullback in Microsoft’s stock came after a strong run-up, and widespread expectations that a dividend increase was coming. Adobe Systems (ADBE 26.68, +0.01, +0.04%) shares plunged 19% after its fourth-quarter earnings and revenue forecast fell below market expectations. Financials were also a heavy weight on the market, with J.P. Morgan Chase (JPM 39.99, +0.05, +0.13%) , Citigroup /(C 3.89, +0.01, +0.26%) and Goldman Sachs Group (GS 148.20, +0.13, +0.09%) shedding between 1.5% and 2.2% each. The downturns came after a pair of high-level departures from the government’s economic team, Wall Street bailout figures Herbert Allison and Lawrence Summers. Limiting losses on the blue-chip index was Alcoa /(AA 11.70, +0.53, +4.74%) , which led the Dow’s advancers with a 4.7% gain as Potash Corp. of Saskatchewan (POT 146.55, +0.22, +0.15%) moved to block a takeover bid by Anglo-Australian miner BHP Billiton (BHP 74.88, +0.41, +0.56%) . BHP rose 1.3% while Potash slipped 0.7%. A dearth of economic data left investors without any major signposts on the health of the recovery, leaving investors focused on the Fed. Some investors waved off the Fed’s language as empty “jawboning,” while others found reasons for encouragement in the Fed statement. Ted Harper, co-manager of the Frost Dividend Value Equity Fund, said the Fed’s statement was reassuring, putting a limit to how far the economy could potentially slide before authorities intervene again. “The Fed has basically put an implied floor into the market at least in the near term, and we’ve been reallocating to a more cyclical posture relative to where we’ve been in the past,” Mr. Harper said. Even so, he acknowledged the skepticism in the market. “The economy continues to be in recovery mode. It’s just not coming to a pace where a lot of people are comfortable making that more constructive call on the market,” he said. Treasurys were mixed, with the two-year note falling after a day of gains that pushed yields (UST2YR 0.43, +0.01, +1.89%) to a record low. The benchmark 10-year note gained, sending yields (UST10Y 2.56, -0.02, -0.85%) down to 2.55%. Copper and silver were two strong gainers. Copper posted its biggest one-day jump since the beginning of the month, gaining 2.4%, while silver rose 2% to a fresh 2010 high. “I don’t think we’re heading for another leg down,” said Brian Gendreau, market strategist at Financial Network. “Railcar loadings are way up, and people are buying lots of raw materials -- they wouldn’t be doing that unless they thought they could sell whatever they could make.” The dollar fell broadly after the Fed’s statement heightened concerns about the strength of the greenback. The euro (EURUSD 1.3393, +0.0001, +0.0075%) pared earlier gains but added 1.1% to trade at $1.3394 while the yen strengthened to trade at 84.52 yen to the dollar. The U.S. Dollar Index (DXY 79.83, -0.61, -0.76%) , which tracks the greenback against six other currencies, fell 0.8%. Read about the dollar, euro. Among stocks, General Mills (GIS 36.89, +0.26, +0.72%) added 2.7% after the cereal maker said first-quarter earnings rose to 70 cents a share from 62 cents a share in the same period a year ago. BlackBerry maker Research in Motion (RIMM 47.60, -0.03, -0.06%) saw its shares gain 1% after The Wall Street Journal reported the company could unveil its answer to Apple’s (AAPL 287.90, +0.15, +0.05%) iPad tablet computer as soon as next week. European stocks fell, with the Stoxx Europe 600 index (ST:SXXP 261.19, -3.82, -1.44%) shedding 1.4%. Asian markets finished mixed, with Japanese exporters weighing on the Nikkei Stock Average (JP:NI225 9,566, -35.79, -0.37%) , which closed down 0.4%, but Hong Kong stocks hit a five-month high as property developers gained.
Wednesday's Dow Closing Numbers:
AT&T T $28.59 -0.02 0.07% 30,479,898 NYSE
Alcoa AA $11.7 +0.53 4.74% 44,145,827 NYSE
Amex AXP $42.79 +0.01 0.02% 11,367,369 NYSE
Bank of Am BAC $13.42 -0.23 1.68% 140,731,878 NYSE
Boeing BA $63.9 -0.33 0.51% 3,625,769 NYSE
Caterpillar CAT $76.18 -0.21 0.27% 8,382,911 NYSE
Chevron CVX $79.25 -0.50 0.63% 6,764,574 NYSE
CSCO $21.67 +0.03 0.14% 49,266,409 NASDAQ-GS
Coke KO $58.23 +0.12 0.21% 7,562,169 NYSE
DIS $33.99 -0.51 1.48% 9,846,171 NYSE
DuPont DD $44.62 -0.21 0.47% 5,293,017 NYSE
Exxon XOM $61.45 -0.09 0.15% 18,120,024 NYSE
GE $16.5 -0.02 0.12% 47,342,567 NYSE
Hewlett-Packard HPQ $39.55 -0.37 0.93% 21,428,062 NYSE
Home Dep HD $30.88 -0.03 0.1% 11,571,297 NYSE
Intel INTC $19.01 -0.13 0.68% 61,431,295 NASDAQ-GS
IBM $132.57 +0.59 0.45% 4,915,973 NYSE
JPMorgan JPM $39.94 -0.65 1.6% 34,561,750 NYSE
JNJ $61.97 +0.03 0.05% 9,341,475 NYSE
KFT $31.31 -0.31 0.98% 9,028,256 NYSE
MCD $75.13 -0.38 0.5% 5,140,792 NYSE
MRK $36.96 +0.24 0.65% 12,343,031 NYSE
Microsoft MSFT $24.61 -0.54 2.15% 94,206,833 NASDAQ-GS
Pfizer PFE $17.22 +0.079 0.46% 51,902,880 NYSE
Procter & Gamb PG $61.79 +0.27 0.44% 9,617,365 NYSE
3M MMM $86.63 +0.08 0.09% 2,464,102 NYSE
Travelers TRV $52.33 -0.60 1.13% 4,313,955 NYSE
United Tech UTX $70.58 -0.02 0.03% 3,056,585 NYSE
Verizon VZ $32.39 +0.07 0.22% 17,554,010 DualListed
Walmart WMT $53.82 +0.25 0.47% 9,907,674 NYSE
Read more: http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=CAT&selected=CAT#ixzz10ISNgpSa
Read more: http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=T&selected=T#ixzz10IROm6tc
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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 10,761.03 up 7.41 or 0.07% from Monday's close of 10,753.62. For the year the Dow is up 3.19%. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $76.39 +1.64 2.19% 14,846,138 NYSE. The biggest decliner dollar-wise was 3M MMM $86.55 -0.86 0.98% 3,627,552 NYSE and percentage-wise was Alcoa AA $11.16 -0.221 1.94% 33,040,322 NYSE.
WSJ pC1 "Fed's signals push down dollar, yields" by Jonathan Cheng says investors braced for the prospect of further actions by the Fed to hold down interest rates, dumping the dollar and buying Treasurys and gold ahead of anotehr potential burst of gov buying of Treasurys. 2 year Treasury yields fell to another low of .432% while gold surged after the Fed Res hinted it is worried about how the low level of inflation, suggesting it may start a new round of stimulus to bolster the economy.
WSJ pC6 "Caterpillar, HP rise, Legg mason retreats" by Steven Russolillo says blue chip stocks finished slightly higher for a 5th straight session led by Caterpillar, Hewlett-Packard and Intel after the Fed Res hinted it could take add'l measures to stimulate economic growth.
Fin Times p24 "S&P retreats after Fed stance on rates rattles investors" by Hannah Kuchler says US stocks finished an afternoon of choppy trading lower as the Fed Res said that it was prepared to take action to bolster the economic recovery.
NYT pB8 "Weakness on Wall St after fed decision" by Ap says shares on Wall St got a brief bump on Tues after word that the Fed Res was ready to do more to help the ecnoomy, but indexes ended mostly lower after the central bank disappointed some investors by not taking any bold new actions.
USA Today p6B "Stocks mixed as traders fret about Fed" by Bloomberg says the stock market was mixed Tues, pulling the S&P 500 down from a 4 month high, as investors bought Treasuries amid speculation the Fed Res will purchase more gov debt to buoy the economy.
Tuesday's Dow Jones Industrial Average closing numerator was 1,421.85 up 0.98 from Monday's closing numerator of 1,420.87. 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 0.98 for Tuesday by the divisor (0.132129493) you get the increase in Tuesday's Dow of 7.41. 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 $47.39 up 0.64 from Monday's Dow Jones Industrial Average average closing price of $47.36. The median closing price of Tuesday's Dow Jones Industrial Average was $41.04 (JPM/AXP) down 1.12 from Monday's Dow Jones median price of 42.16. The lowest volume was Travelers TRV $52.93 -0.63 1.18% 3,203,319 NYSE and the highest volume again was Bank of America BAC $13.65 -0.09 0.66% 166,179,051 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 $90 ($142,170 - $142,080).
MarketWatch 9/21/10 Tuesday 4:34 pm by Kristina Peterson says U.S. stocks lost most of their afternoon gains by the close of trading Tuesday after the Federal Reserve said it stood ready to further ease monetary policy as inflation is running below target. “No surprises, which I guess is what the market wanted,” said Timothy Harder, chief investment officer at Peak Capital Investments Services. Reversing course after an afternoon of mild losses, the major indexes turned higher after the FOMC statement, only to have the gains fade by the close of trading. “Whether it’s the Fed statement or housing numbers earlier today, we’re looking for affirmation of weak, slow growth, and not something worse than that,” Harder added. After rising more than 75 points, the Dow Jones Industrial Average (DJIA 10,761, +7.41, +0.07%) eked out only a fractional gain, helped by a 2.2% advance in shares Caterpillar Inc. (CAT 76.29, -0.10, -0.13%). The blue-chip average finished up 7.41 points, or 0.1%, at 10,761.03. But the S&P 500 index (SPX 1,140, -2.93, -0.26%), the gauge of the broad market used by market professionals, ended down 2.93 points, or 0.3%, at 1,137.77, weighed down a 1% drop in its financials sector. “It’s another reason to sell the dollar and buy gold or other currencies,” Some, said Euro Pacific Capital president Peter Schiff, of the Fed’s statement and policy. Gold rallied in electronic trade, rising $10 from its floor settlement to $1,287.70 an ounce. The U.S. dollar (EURUSD 1.3257, +0.0194, +1.4851%) dropped against the euro. The Nasdaq Composite Index (COMP 2,349, -6.48, -0.28%) ended down 6.48 points at 2,349.35.
After a dismal August, Wall Street has spent much of September on a steady climb in the midst of a series of better-than-expected economic indicators. On Tuesday, the Commerce Department reported home construction climbed in August to its best level since April. Yet given the still-shaky economy, some analysts believe the U.S. central bank might at the least hint at resuming programs such as buying Treasury and mortgage bonds to keep a lid on borrowing costs. The Fed’s gathering came a day after the National Bureau of Economic Research said the longest U.S. recession since the Great Depression ended last June. On the New York Mercantile Exchange, crude futures fell to under $74 a barrel.
Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
AT&T T $28.61 +0.07 0.25% 29,903,468 NYSE: WSJ pB8 "AT&T offers Satellite phone" by Jennifer Valentino-DeVries, AJC pA14 "AT&T to sell satellite enabled smart phone" say AT&T started selling its first phone that includes a backstp for its own network over a satellite which means blanket coverage of the US even in the wilderness or hundreds of miles offshore. Its called TerreStar Genus and will cost $799 and requires AT&T voice and data plans but no contract. You can switch over to the satellite for $25 extra per month.
Alcoa AA $11.16 -0.221 1.94% 33,040,322 NYSE: No mentions found.
Amex AXP $42.78 -0.34 0.79% 8,994,050 NYSE: No mentions found.
Bank of Am BAC $13.65 -0.09 0.66% 166,179,051 NYSE: WSJ pC1 "BofA gets tough." by Marshall Eckblad says two large real estate projects share the same developer but only Bank of America is trying to disclose on the developer while PNC Fin'l Services Group isn't on the story about developer Larry Freed and his $170 mil mortgages project for Sullivan Center in Chicago.
Boeing BA $64.23 +0.51 0.8% 5,284,249 NYSE: No mentions found.
Caterpillar CAT $76.39 +1.64 2.19% 14,846,138 NYSE: WSJ pC6 "Caterpillar, HP rise, Legg mason retreats" by Steven Russolillo says blue chip stocks finished slightly higher for a 5th straight session led by Caterpillar, Hewlett-Packard and Intel after the Fed Res hinted it could take add'l measures to stimulate economic growth.
Chevron CVX $79.75 -0.15 0.19% 8,230,339 NYSE: No mentions found.
CSCO $21.64 -0.1099 0.51% 69,393,615 NASDAQ-GS: WSJ pB1 "RIM readies its answer to iPad" by Phred Dvorak list some of the existing and upcoming tablet commuters and includes Cisco's Cius that will be released 1Q '11 with a 7 inch screen size.
Coke KO $58.11 +0.14 0.24% 7,182,103 NYSE: WSJ pC5 "New securities issues" says Coca Cola Enterprises is issuing 350 mil Euros and GE Capital UK is issuing 400 mil Euros.
Disney DIS $34.5 -0.40 1.15% 11,537,778 NYSE: WSJ pB4 "Ex-Disney worker enters guilty plea" by Michael Rothfeld, NYT pB2 "Guilty plea in a securities fraud against Disney" by AP say a 34 year old ex asst to Disney's head of communications pleaded guilty in NYC fed court Tues to taking part in a scheme to sell info about the firm's earnings to hedge funds an other investors.
DuPont DD $44.83 +0.22 0.49% 6,607,170 NYSE: No mentions found.
Exxon XOM $61.54 -0.01 0.02% 19,567,345 NYSE: No mentions found.
GE $16.52 -0.03 0.18% 53,586,438 NYSE: WSJ pC5 "New securities issues" says Coca Cola Enterprises is issuing 350 mil Euros and GE Capital UK is issuing 400 mil Euros.
Hewlett-Packard HPQ $39.92 +0.53 1.35% 25,814,128 NYSE: WSJ pC5 has a tombstone ad for Hewlett-Packard's tender offer for all shares of ArcSight, Inc. at $43.50 per share.
WSJ pC6 "Caterpillar, HP rise, Legg mason retreats" by Steven Russolillo says blue chip stocks finished slightly higher for a 5th straight session led by Caterpillar, Hewlett-Packard and Intel after the Fed Res hinted it could take add'l measures to stimulate economic growth.
USA Today p2B "Tech firms expect cash infusion" says acquisition fever at Oracle, Hewlett-Packard, Intel and IBM won't cool down soon, not with corps, big gov and others in the enterprise sector poised to spend trillions on the next generation of digital systems.
Home Depot HD $30.91 +0.26 0.85% 13,674,378 NYSE: No mentions found.
Intel INTC $19.14 +0.2099 1.11% 68,532,097 NASDAQ-GS: WSJ pC6 "Caterpillar, HP rise, Legg mason retreats" by Steven Russolillo says blue chip stocks finished slightly higher for a 5th straight session led by Caterpillar, Hewlett-Packard and Intel after the Fed Res hinted it could take add'l measures to stimulate economic growth.
USA Today p2B "Tech firms expect cash infusion" says acquisition fever at Oracle, Hewlett-Packard, Intel and IBM won't cool down soon, not with corps, big gov and others in the enterprise sector poised to spend trillions on the next generation of digital systems.
IBM $131.98 +0.19 0.14% 5,201,039 NYSE: USA Today p2B "Tech firms expect cash infusion" says acquisition fever at Oracle, Hewlett-Packard, Intel and IBM won't cool down soon, not with corps, big gov and others in the enterprise sector poised to spend trillions on the next generation of digital systems.
JPMorgan JPM $40.59 -0.60 1.46% 33,036,376 NYSE: Fin Times p18 "JPorgan eyes growth beyond its US shores" by Francesco Guerrera says as its integration of Bear and WaMu is ending, JPM is sharpening its focus on winning more business overseas.
JNJ $61.94 -0.15 0.24% 9,098,590 NYSE: No mentions found.
KFT $31.62 +0.05 0.16% 7,914,541 NYSE: No mentions found.
MCD $75.51 +0.40 0.53% 5,139,593 NYSE: No mentions found.
MRK $36.72 +0.18 0.49% 11,519,841 NYSE: No mentions found.
MSFT $25.15 -0.28 1.1% 51,823,517 NASDAQ-GS: WSJ pB2 "Microsoft raises quarterly dividend 23%" by Joan Solsman, USA Today p1B "Microsoft boosts dividend", say Microsoft raised its quarterly dividend 3 cents to 16 cents, a 3% boost which isn't a surprise but it has made its last 3 dividend increases in the board's Sept meeting. Microsoft had an 18% increase in operating income for its fiscal year ended in June so the dividend increase outpaces its growth in earnings.
Pfizer PFE $17.141 -0.134 0.78% 41,669,381 NYSE: WSJ pB2 "Justice seeks to Intervene in Case against Pfizer's Wyeth" by Peter Loftus, NYT pB3 "US joins Pfizer suit over drug's marketing" by Duff Wilson say the Justice Dept. is trying to take the lead in a lawsuit accusing Pfizer's Wyeth unit of improperly promoting an organ transplant drug for unauthorized uses and paying illegal kickbacks to doctors. The drug is Rapamune.
PG $61.52 +0.09 0.15% 10,122,749 NYSE: No mentions found.
3M MMM $86.55 -0.86 0.98% 3,627,552 NYSE: No mentions found.
Travelers TRV $52.93 -0.63 1.18% 3,203,319 NYSE: No mentions found.
United Tech UTX $70.6 +0.23 0.33% 4,263,182 NYSE: No mentions found.
Verizon VZ $32.32 +0.23 0.72% 20,218,763 DualListed: No mentions found.
WMT $53.57 +0.03 0.06% 9,149,359 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 9/12/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $311.5 [5]
2. Microsoft MSFT 209 [9]
3. WalMart WMT 189 [3.5]
4. Procter & Gamble PG 171 [3]
5. GE 171 [10.5]
6. Johnson & Johnson JNJ 165 [3]
7. AT&T T 164.5 [6]
8. IBM 161.5 [1]
9. Chevron CVX 158.5 [2]
10. JPMorgan Chase JPM 157.5 [4]
11. Pfizer PFE 136.5 [8]
12. Bank of America BAC 136 [10]
13. Coke KO 135 [2.5]
14. Cisco CSCO 118 [6]
15. Merck MRK 112.5 [3]
16. Intel INTC 100 [5.5]
17. Verizon VZ 91.5 [3]
18. Hewlett-Packard HPQ 89 [2.5]
19. McDonald's MCD 80 [1]
20. Disney DIS 66 [2]
21. United Technologies UTX 64 [1]
22. 3M MMM 60 [.5]
23. Kraft KFT 53.5 [2]
24. Home Depot 49.5 [1.5]
25.American Express AXP 48 [1]
26. Boeing BA 47 [1]
27. Caterpillar CAT 45 [.5]
28. DuPont DD 38 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11.5 [1]
Here are the latest SEC filings as of 9/12/10 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: 9/2/10 8K re: issuance of 5.35% Notes due '40
8/19/10 8K re: agreement with Comm. Workers of America for a new 3 year contract for the 4,000 CWA workers in AT&T's East region
8/18/10 8K re: exchange offer of 5.35% Notes due '40 for outstanding 8.85% Sr. Notes of New Cingular Wireless due '31
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.
Alcoa AA: 8/24/10 8K re: tender offer for its 6% Notes due '12 & 5.3% Notes due '13
8/23/10 10Q/A amends prior 10Q
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: 8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems
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.
Caterpiller CAT: 8/26/10 10Q/A amends prior 10Q
8/19/10 8K re: July dealer statistics
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.
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 9/10/10 Prelim Proxy Stmt re: Annual Shareholders Meeting on 11/18/10 at Santa Clara, Cal.
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 9/27/10 8K re: settlement in Georgia of one of 3 shareholder class action suits challenging takeover of CCE
8/27 & 8/24 8Ks re: refiling of Hart-Scott-Rodino filing & similar filing with Candadian Corp. Bureau to give regulators more time to review acquisition of Coca-Cola Enterprises
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: 9/9/10 10Q
9/7/10 8K re; agreement to buy 3Par, Inc.
8/30/10 8K re: Board authorizing add'l $10 bil for share repurchases
8/23/10 8K re: proposal to buy 3Par for $24 per share cash
8/19/10 8K re: reporting 3Q results
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: 9/10/10 re: sale of 3.95% Sr. Note due '20 & 5.4% Sr. Notes due '40
9/2/10 10Q
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: 8/30/10 8K re: acquisition of Infineion's Wireless Business for $1.4 bil to close 1Q '11
8/27/10 8K re: lower expectations for 3Q result
8/19/10 8K re; transcript of conference call announcing acquisition of McAfee, Inc.
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: 8/31/10 8K re: FD disclosure re:change in reporting operating income
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 : 8/18/10 8K: re: offer of 2.95% Notes due '20 & 4.5% Notes due '40
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: 8/19/10 10Q/A amended prior 10Q
8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting
McDonalds MCD: 9/10/10 8K re: global sales in Aug. up 4.9%
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: 9/7/10 8K re: arbitration re: Meck's rights to distribute Remicade & Simponi based on agreements from Merck's acquisition of Schering-Plough
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: 8/27/10 Proxy Stmt re: Annual Sahreholder Meeting to be held Tues. 10/12/10 at 9:00 am in Cincinnati, Ohio
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: 8/30/10 8K re: acquisition of Cogent Inc. for $10.50 per share or $943 mil.
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: 8/31/10 8K re: dedemption of 6.35% Notes due '11
8/19/10 8K re: deaprture of EVP Ari Bousbib to become CEO of IMS Health
7/26/10 10Q 1Q 6/30/10
7/21/10 8K re: 2Q results
Verizon Communications Inc. VZ: 9/10/10 8K re: reclassification of results due to spin off of assets as a result of Alltel acquisition
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: 9/1/10 10Q
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.