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Post No. 654 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 Thursday at 10,662.42 down 76.89 or 0.72% from Wednesday's close of 10,739.31. Of the 30 Dow Companies: 4 gained and 26 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $40.15 +0.60 1.52% 22,904,839 NYSE. The biggest decliner dollar-wise was Boeing BA $62.65 -1.25 1.96% 3,617,010 NYSE and percentage-wise was Disney DIS $33.12 -0.87 2.56% 18,027,269 NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 14.49 down from Wednesday's 14.52 (year ago it was 15.73) the P/E estimate is 12.76 unchanged from Wednesday's 12.76 (year ago it was 15.71) and the current dividend yield is 2.63up from Wednesday's 2.62 (it was 2.89 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,408.82 down 10.16 from Wednesday's closing numerator of 1,418.98. 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 10.16 for Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow of 76.89. 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 $46.96 down 0.34 from Tuesday's Dow Jones Industrial Average average closing price of $47.30. The median closing price of Tuesday's Dow Jones Industrial Average was $40.73 (JPM/AXP) down 0.44 from Wednesday's Dow Jones median price of 41.17. The lowest volume was 3M MMM $85.53 -1.10 1.27% 1,987,361 NYSE and the highest volume again was Bank of America BAC $13.17 -0.25 1.86% 152,809,192 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,018 ($141,898 - $140,880).
MarketWatch 9/23/10 Thursday 5:04 pm by Kate Gibson says U.S. stocks ended Thursday’s session lower after rising U.S. jobless claims and disappointing European economic data fed pessimism about the recovery.
“Stocks right now are priced for a double-dip recession. I don’t think that’s going to happen, but for right now the perception is very negative, and there isn’t enough change in reality to change the perception,” David Kelly, chief market strategist at JPMorgan Funds, of the mixed economic reports. “The pullback is partly a lack of fresh retail money going into the market,” Kelly added. The Dow Jones Industrial Average (DJIA 10,662, -76.82, -0.72%) ended down 76.89 points, or 0.7%, at 10,662.42, with all but four of its 30 components declining. The Standard & Poor’s 500 Index (SPX 1,125, -9.45, -0.83%) fell 9.45, or 0.8%, to 1,124.83, with financial companies falling the hardest among its sectors and technology stocks off the least.
Red Hat shares surge after the software maker reports profit that exceeds analysts' expectations. The company's stock has risen more than 30% this year. The Nasdaq Composite Index (COMP 2,327, -7.47, -0.32%) fell 7.47 points, or 0.3%, to 2,327.08. Ahead of Wall Street’s start, stock index futures fell after the Labor Department said first-time claims for jobless benefits rose last week after a two-week decline. In Europe, Ireland’s economy contracted in the second-quarter, raising concern that austerity measures have only worsened the outlook for the economy and sovereign debt in the euro zone, where PMI data came in worse than expected. Read more on European stocks, economy. Wall Street had lessened its losses after the Conference Board reported its index of leading economic indicators rose 0.3% in August. “Today’s report indicates upward momentum, consistent with our view the economy will pick up again after a soft second quarter,” Nicholas Tenev, an analyst at Barclays Capital, said in a note. Separately, the National Association of Realtors said resales of single-family homes and condos rebounded 7.6% in August.“A little better-than-expected existing home sales preceded by a bounce in Apple Inc. (AAPL 289.47, +0.55, +0.19%) and the semiconductors set the stage for a terrific recovery,” noted Elliot Spar, chief market strategist at Stifel Nicolaus, about the earlier rebound. But the recovery stalled in the late afternoon, with the major indexes again lapsing into negative territory. For every stock on the rise two fell on the New York Stock Exchange, where 951 million shares traded.
Dow Jones Industrial Average Closing Numbers
Aloca AA $11.74 +0.04 0.34% 39,794,817 NYSE
Amex AXP $42.36 -0.43 1% 8,663,158 NYSE
Bank of Am BAC $13.17 -0.25 1.86% 152,809,192 NYSE
Boeing BA $62.65 -1.25 1.96% 3,617,010 NYSE
Caterpillar CAT $76.26 +0.08 0.11% 8,735,109 NYSE
Chevron CVX $78.54 -0.71 0.9% 6,795,316 NYSE
CSCO $21.53 -0.14 0.65% 36,002,070 NASDAQ-GS
Coke KO $57.87 -0.36 0.62% 6,341,873 NYSE
Disney DIS $33.12 -0.87 2.56% 18,027,269 NYSE
DuPont DD $44.42 -0.20 0.45% 4,212,046 NYSE
Exxon XOM $61.15 -0.30 0.49% 18,082,912 NYSE
GE $16.14 -0.36 2.18% 53,012,533 NYSE
Hewlett-Packard HPQ $40.15 +0.60 1.52% 22,904,839 NYSE
Home Depot HD $30.84 -0.04 0.13% 16,042,058 NYSE
Intel INTC $18.98 -0.03 0.16% 51,900,318 NASDAQ-GS
IBM $131.67 -0.90 0.68% 3,890,570 NYSE
JPMorgan JPM $39.1 -0.84 2.1% 33,383,431 NYSE
JNJ $61.81 -0.16 0.26% 8,374,511 NYSE
KFT $31.27 -0.04 0.13% 12,737,935 NYSE
MCD $74.64 -0.49 0.65% 5,914,063 NYSE
MRK $36.66 -0.30 0.81% 10,584,624 NYSE
MSFT $24.43 -0.18 0.73% 46,153,886 NASDAQ-GS
Pfizer PFE $17.04 -0.18 1.05% 37,899,047 NYSE
Procter & Gam PG $61.22 -0.57 0.92% 10,104,680 NYSE
3M MMM $85.53 -1.10 1.27% 1,987,361 NYSE
TRV $52.4 +0.07 0.13% 4,685,345 NYSE
United Tech UTX $69.8 -0.78 1.11% 3,401,335 NYSE
Verizon VZ $32.17 -0.22 0.68% 15,970,337 DualListed
WMT $53.65 -0.17 0.32% 7,289,444 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of Thursday'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 Wednesday's stock prices and related data.
Dow: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. For the year the Dow is up 2.96%. 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.
WSJ pC5 "Adobe tumbles 19%; CarMax hits the gas" by Donna Yesalavich says stocks slipped with Microsoft, Bank of America and JPMorgan leading the decline as investors worried about the Fed Res's suggestion that the economy may need add'l stimulus. Microsoft was charted under Bad News as its dividend increase outpaces its growth in earnings.
WSJ pC1 "Another high for gold as DJIA's run falters" by Jonathan Cheng says the prospect of further Treasury buying by the Fed Res continued to drive fin'l markets, pushing gold to a fresh record high & beating down the dollar. Investors snapped up Treasurys in anticipation of a possible Fed move,pushing the yield ont he benchmark 10 year note down toward 2.5%. The dollar kept sliding to its lowst point in 5 months trading at $1.3393 to the Euro.
Fin Times p26 "Gold miners shine on gloomy day for tech groups" by Hannah Kuchler says US equities edged lower as investors digestd the Fed Res statement,whichhinted at further quantitative easing, with fin'l stocks leading the fallers.
USA Today p4B "Sept stock rally takes a break" by AP says traders put their Sept stock rally on hold Wed and moved into Treasuries and gold, a day after the Fed Res said its ready to take more action to boost the economy.
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: No mentions found.
Alcoa AA $11.7 +0.53 4.74% 44,145,827 NYSE: No mentions found.
Amex AXP $42.79 +0.01 0.02% 11,367,369 NYSE: No mentions found.
Bank of Am BAC $13.42 -0.23 1.68% 140,731,878 NYSE: WSJ pC1 "Bankspressed on sour home loans" by Carrick Mlenkamp says big US banks including Bank of America are facing legal pressure to make up for losses tied to pols of soured low endmortgage loans as a group of investors in 2,300 mortgage securities worth $500 bill is seeking to force several banks to repurchase or modify them.
WSJ pC5 "Adobe tumbles 19%; CarMax hits the gas" by Donna Yesalavich says stocks slipped with Microsoft, Bank of America and JPMorgan leading the decline as investors worried about the Fed Res's suggestion that the economy may need add'l stimulus. Microsoft was charted under Bad News as its dividend increase outpaces its growth in earnings.
Boeing BA $63.9 -0.33 0.51% 3,625,769 NYSE:No mentions found.
Caterpillar CAT $76.18 -0.21 0.27% 8,382,911 NYSE:No mentions found.
Chevron CVX $79.25 -0.50 0.63% 6,764,574 NYSE:No mentions found.
CSCO $21.67 +0.03 0.14% 49,266,409 NASDAQ-GS: WSJ pC5 "Tough times for IT resellers" by Emily Malty says XS Int'l a 10 employee firm that sells refurbished computes and parts says it is losing business because it can't follow certain requirements set by by large manufacturers like Cisco, Hewlett Packard, and IBM to qualify as an "authorized" dealer.
Coke KO $58.23 +0.12 0.21% 7,562,169 NYSE: No mentions found.
DIS $33.99 -0.51 1.48% 9,846,171 NYSE: No mentions found.
DuPont DD $44.62 -0.21 0.47% 5,293,017 NYSE: USA Today p1B "DuPont meets $1 bil solar sales goal" says sales from photovaltaic materials will top $1 bil in '10, a year ahead of its forecast.
WSJ pC10 "Record low yields for Microsoft" by Katy Burne says Microsoft raised money for its its second ever bond offering on Wed raising $4.475 bil at some of the lowest rates in history for corp debt. Its credit is rated AAA by all three providers. It sold unsecured debt in 4 parts, maturing in 3, 5, 10 & 30 years. The 3 year piece had a coupon of less than 1% for the first time ever. Microsoft surpassed previous lows held by firms including IBM, DuPont, & Johnson & Johnson all of which sold debt at historic lows in recent weeks.
Exxon XOM $61.45 -0.09 0.15% 18,120,024 NYSE: No mentions found.
GE $16.5 -0.02 0.12% 47,342,567 NYSE: No mentions found.
Hewlett-Packard HPQ $39.55 -0.37 0.93% 21,428,062 NYSE:WSJ pB4 "Dell teases next tablet" by Ian Sherr says Michael Dell at an Oracle event Wed briefly flashed a larger tablet computer with a 7 inch screen and Google software. Many of the new tablets will run on Android but others are looking at new proprietary systems such as in Hewlett-Packard.
WSJ pC5 "Tough times for IT resellers" by Emily Malty says XS Int'l a 10 employee firm that sells refurbished computes and parts says it is losing business because it can't follow certain requirements set by by large manufacturers like Cisco, Hewlett Packard, and IBM to qualify as an "authorized" dealer.
Home Dep HD $30.88 -0.03 0.1% 11,571,297 NYSE: No mentions found.
Intel INTC $19.01 -0.13 0.68% 61,431,295 NASDAQ-GS: No mentions found.
IBM $132.57 +0.59 0.45% 4,915,973 NYSE: WSJ pC10 "Record low yields for Microsoft" by Katy Burne says Microsoft raised money for its its second ever bond offering on Wed raising $4.475 bil at some of the lowest rates in history for corp debt. Its credit is rated AAA by all three providers. It sold unsecured debt in 4 parts, maturing in 3, 5, 10 & 30 years. The 3 year piece had a coupon of less than 1% for the first time ever. Microsoft surpassed previous lows held by firms including IBM, DuPont, & Johnson & Johnson all of which sold debt at historic lows in recent weeks.
WSJ pC5 "Tough times for IT resellers" by Emily Malty says XS Int'l a 10 employee firm that sells refurbished computes and parts says it is losing business because it can't follow certain requirements set by by large manufacturers like Cisco, Hewlett Packard, and IBM to qualify as an "authorized" dealer.
JPMorgan JPM $39.94 -0.65 1.6% 34,561,750 NYSE: WSJ pC5 "Adobe tumbles 19%; CarMax hits the gas" by Donna Yesalavich says stocks slipped with Microsoft, Bank of America and JPMorgan leading the decline as investors worried about the Fed Res's suggestion that the economy may need add'l stimulus. Microsoft was charted under Bad News as its dividend increase outpaces its growth in earnings.
JNJ $61.97 +0.03 0.05% 9,341,475 NYSE: AJC pA22 J&J lawyers: FDA knew of secret Motrin recall" says what the FDA knew and when has become a central part of a House panel's probe of the phantom recall.
WSJ pC10 "Record low yields for Microsoft" by Katy Burne says Microsoft raised money for its its second ever bond offering on Wed raising $4.475 bil at some of the lowest rates in history for corp debt. Its credit is rated AAA by all three providers. It sold unsecured debt in 4 parts, maturing in 3, 5, 10 & 30 years. The 3 year piece had a coupon of less than 1% for the first time ever. Microsoft surpassed previous lows held by firms including IBM, DuPont, & Johnson & Johnson all of which sold debt at historic lows in recent weeks.
KFT $31.31 -0.31 0.98% 9,028,256 NYSE: No mentions found.
MCD $75.13 -0.38 0.5% 5,140,792 NYSE: No mentions found.
MRK $36.96 +0.24 0.65% 12,343,031 NYSE: No mentions found.
Microsoft MSFT $24.61 -0.54 2.15% 94,206,833 NASDAQ-GS: WSJ pC10 "Record low yields for Microsoft" by Katy Burne says Microsoft raised money for its its second ever bond offering on Wed raising $4.475 bil at some of the lowest rates in history for corp debt. Its credit is rated AAA by all three providers. It sold unsecured debt in 4 parts, maturing in 3, 5, 10 & 30 years. The 3 year piece had a coupon of less than 1% for the first time ever. Microsoft surpassed previous lows held by firms including IBM, DuPont, & Johnson & Johnson all of which sold debt at historic lows in recent weeks.
WSJ pC5 "Adobe tumbles 19%; CarMax hits the gas" by Donna Yesalavich says stocks slipped with Microsoft, Bank of America and JPMorgan leading the decline as investors worried about the Fed Res's suggestion that the economy may need add'l stimulus. Microsoft was charted under Bad News as its dividend increase outpaces its growth in earnings.
Pfizer PFE $17.22 +0.079 0.46% 51,902,880 NYSE: No mentions found.
Procter & Gamb PG $61.79 +0.27 0.44% 9,617,365 NYSE: No mentions found.
3M MMM $86.63 +0.08 0.09% 2,464,102 NYSE: No mentions found.
Travelers TRV $52.33 -0.60 1.13% 4,313,955 NYSE: No mentions found.
United Tech UTX $70.58 -0.02 0.03% 3,056,585 NYSE:
Verizon VZ $32.39 +0.07 0.22% 17,554,010 Dual Listed:
Walmart WMT $53.82 +0.25 0.47% 9,907,674 NYSE: WSJ pB1 "Walmart tries to unmask foes" by Ann Zimmerman says Walmart is fighting back against a longtime corp sabotage campaign undertaken by grocery competitors to slow its growth by asking judges to requires its opponents to disclose who is footing the legal bills in 4 out of dozens of Cal. lawsuits aainst it that have helped delay its expansion.
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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.