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Post No. 692 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 11,107.97 down 165.07 or 1.18% from Tuesday's close of 10,978.62. Of the 30 Dow Jones component companies 27 gained and 3 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $71.36 +2.31 3.35% 8,043,067 NYSE. The biggest decliner dollar-wise was and percentage-wise was Bank of America BAC $11.75 -0.05 0.42% 654,214,057 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 14.76 down from Monday's P/E ratio of 14.98 (year ago it was 16.29) the P/E estimate is 13.25 unchanged from Tuesday's P/E estimate of 13.25 (year ago it was 16.02) and the current dividend yield is 2.57 up from yesterday's yield of 2.55 (it was 2.77 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 1,467.68 up 17.08 from Tuesday's closing numerator of 1,450.60. 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 for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $48.92 up 0.57 from Tuesday's Dow Jones Industrial Average average closing price of $48.35. The median closing price of Wednesday's Dow Jones Industrial Average was $38.37 (AXP/JPM) down 0.51 from Tuesday's median price of $38.88. The lowest volume was 3M MMM $89.47 +0.92 1.04% 2,819,219 NYSE and the highest volume was again Bank of America BAC $11.75 -0.05 0.42% 654,214,057 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 $1,708 ($146,768 - $145,060).
MarketWatch 10/20/10 Wednesday 4:40 by Jonathan Cheng says U.S. stocks jumped Wednesday, erasing most of the previous day's bruising losses as a positive outlook from the financial sector and a spate of strong earnings from airlines and other bellwethers gave investors reasons for optimism.
The Dow Jones Industrial Average added 129.35 points, or 1.18%, to finish at 11107.97, while the Standard & Poor's 500-stock index was higher by 12.27 points at 1178.17 and the Nasdaq Composite gained 20.44 points to 2457.39. Materials and energy stocks were two of the best performing sectors, a day after both were clobbered by fears over Beijing's attempts to slow the world's second-largest economy. Cliffs Natural Resources added 3.6%, Freeport McMoRan Copper & Gold gained 2.8%, and Massey Energy jumped 5.1% amid reports the Richmond, Va., miner is exploring a potential sale of the company. Transport stocks also soared, with the Dow Jones Transportation Average gaining 2.2% after a trio of airlines reported strong earnings. Delta Air Lines jumped 11% after swinging to a third-quarter profit and reporting strong forward bookings through the holiday season. American Airlines parent AMR Corp. surged 13% after its first profit in two years, while US Airways Group gained 7.4% on strong earnings. JetBlue Airways and United Continental rode the wave of optimism, picking up 6.8% and 7.6% respectively. "People are getting confident that earnings are going to be good this year," said Maris Ogg, president of Tower Bridge Advisors. "Maybe not to the level where we have 75% or 80% of companies beating expectations, but people are more confident the economy is on a more even keel." Intel and Boeing helped advance the broad-based rally, which included all but three of the Dow's 30 components and all 10 sectors of the S&P 500. Boeing added 3.4% to lead the Dow components after the aerospace company said it swung to a quarterly profit from a year-ago loss and lifted its outlook. Intel gained 2.2% after it said it would invest up to $8 billion over several years to upgrade its manufacturing plants in the U.S. and build a new research facility in Oregon. Also contributing were pharmaceutical companies, as Merck gained 1.3% and Pfizer added 1.6%. Even financial stocks joined in the rally, despite continuing worries over mortgage foreclosures.
Morgan Stanley pared deep morning losses to finish down by one penny after the investment bank's net profit fell in the third quarter, and Wells Fargo gained 4.3% after the San Francisco bank posted its best-ever quarterly earnings and made encouraging remarks on the foreclosure issue.
Goldman Sachs Group rose 1.8% after its second consecutive quarterly profit decline, of 40% from a year earlier, surpassed most analyst estimates. BlackRock, however, fell 2.9% even after beating analysts' forecasts with third-quarter earnings rising 74%. Bank of America, at the center of the foreclosure debacle, erased a steep morning decline to finish down 0.4%. Oppenheimer and Stifel both downgraded the stock, and the Charlotte, N.C., lender vowed to fight government-backed demands that it repurchase loans that allegedly didn't meet underwriting guidelines and other promises. "There's still a lot of headline risk around the financials, and that's going to persist for some time," said Jim Dunigan, managing executive of investments at PNC Wealth Management. "Most of the banks seem to have their arms around the challenges and they're working through them, adjusting to the new financial regulations and business models. So if you can stomach the headline risk, you're building value over time, but there's still going to be some volatility." United Technologies reversed its morning decline to creep up 0.4% after third-quarter earnings for the maker of Otis elevators and Pratt & Whitney plane engines posted slower-than-expected revenue growth. Abbott Laboratories dropped 0.9% after third-quarter net income fell 40%, while Yahoo added 2% to reverse most of Tuesday's loss after the company reported a surge in profits. Online auctioneer eBay, which finished with a 0.5% gain, added another 7% in after-hours trading after beating earnings expectations.
Sanofi-Aventis added 2.1% on news that U.S. antitrust regulators have given the green light for its proposed acquisition of Genzyme. Genzyme, which also announced third-quarter net income that more than quadrupled on strong product sales, advanced 0.3%. Genzyme is meeting Friday with investors and analysts to provide 2011 financial guidance and make its case that the offer doesn't adequately value its existing business, its recovery plans or its pipeline products. Danish drug maker Novo Nordisk jumped 11% after the Food and Drug Administration sent a rival diabetes drug back for more testing. The makers of that drug fell, with Amylin Pharmaceutical down 46%, Alkermes down 28%, and Eli Lilly down 3.9%.
BHP Billiton rose 3.3% despite a growing likelihood Saskatchewan's government would vote down its proposed $38.6 billion takeover of Potash Corp. of Saskatchewan, The Wall Street Journal reported. Potash fell 0.7%.
The broad gains came amid continued weakness in the dollar. The U.S. Dollar Index, which measures the greenback against a basket of six others, fell 1.3% as the euro jumped to almost $1.40. The yen strengthened to trade at 81.16 yen to the dollar--its strongest finish in 15 years.
The benchmark 10-year Treasury note gained, pushing the yield down to 2.47%. Gold gained, while oil rose to $81.77 a barrel.
Wednesday Dow's Closing Numbers:
AT&T T $28.61 +0.40 1.42% 22,494,250 NYSE
Aloca AA $12.95 +0.28 2.21% 30,963,662 NYSE
Amex AXP $39.73 +0.4225 1.07% 9,227,341 NYSE
Bank of America BAC $11.75 -0.05 0.42% 654,214,057 NYSE
Boeing BA $71.36 +2.31 3.35% 8,043,067 NYSE
Caterpillar CAT $80.32 +1.77 2.25% 9,637,419 NYSE
Chevron CVX $84.02 +1.23 1.49% 8,816,322 NYSE
CSCO $23.4 +0.43 1.87% 44,675,871 NASDAQ-GS
Coke KO $61.15 +0.81 1.34% 16,198,478 NYSE
DIS $34.62 +0.38 1.11% 10,107,783 NYSE
DuPont DD $47.08 +1.10 2.39% 6,137,759 NYSE
Exxon XOM $66.01 +0.89 1.37% 20,516,789 NYSE
GE $16.05 -0.02 0.12% 69,417,383 NYSE
Hewlett-Pack HPQ $42.82 -0.01 0.02% 18,355,067 NYSE
Home Dep HD $30.73 +0.32 1.05% 18,500,797 NYSE
Intel INTC $19.64 +0.43 2.24% 84,836,340 NASDAQ-GS
IBM $139.07 +1.04 0.75% 6,945,347 NYSE
JPMorgan JPM $38.1 +0.41 1.09% 43,463,907 NYSE
JNJ $63.6 +0.31 0.49% 10,182,111 NYSE
KFT $31.8 +0.35 1.11% 7,348,790 NYSE
MCD $77.41 +0.42 0.55% 6,405,161 NYSE
MRK $36.99 +0.47 1.29% 9,640,923 NYSE
MSFT $25.31 +0.21 0.84% 56,184,232 NASDAQ-GS
Pfizer PFE $17.66 +0.27 1.55% 42,537,185 NYSE
Procter & Gam PG $63.37 +0.19 0.3% 10,344,871 NYSE
3M MMM $89.47 +0.92 1.04% 2,819,219 NYSE
Travelers TRV $54.64 +0.88 1.64% 3,701,676 NYSE
United Tech UTX $73.92 +0.31 0.42% 8,734,057 NYSE
Verizon VZ $32.64 +0.48 1.49% 15,167,572 DualListed
WMT $53.47 +0.15 0.28% 9,742,242 NYSE
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The following are excerpts from Wednesday 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 10,978.62 down 165.07 or 1.48% from Monday's close of 11,143.69. For the year the Dow is up 7.39%. Of the 30 Dow Jones component companies 2 gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was NYSE. The biggest decliner dollar-wise was IBM $138.03 -4.80 3.36% 14,158,901 NYSE
and percentage-wise was Bank of America BAC $11.8 -0.54 4.38% 572,914,530 NYSE.
WSJ pC1 "Dow declines 165.07 on China, bank jolts" by Jon Cheng says China's move to slow its economy collided with concerns about the foreclosure crisis to roil fin'l markets on Tues. Bank of America, JPMorgan and Citi sheded 1.3% or more. Tech stocks were down as earnings from Apple and IBM failed to impress.
Fin Times p28 "Apple & IBM lead retreat after earnings disappoint" by Hannah Kuchler says Apple & IBM weighed on US equities after disappointing earnings reports forced their shares to retreat from Mon's all time highs. In healthcare, Johnson & Johnson suffered after it missed rev expectations after recent recalls of some otc medicines but it still managed to beat earnings expectations.
USA Today p4B "china's surprise zings US stocks" by AP says a stronge dollar & a surprise interest rate increase in China that may slow that country's economy helped push the US stock market sharply lower Tues.
Tuesday's Dow Jones Industrial Average closing numerator was 1,450.60 down 21.8 from Monday's closing numerator of 1,472.40. 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 for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $48.35 down 0.73 from Monday's Dow Jones Industrial Average average closing price of $49.08. The median closing price of Monday's Dow Jones Industrial Average was $38.88 (AXP/JPM) up 0.68 from Friday's median price of $38.12. The lowest volume was Travelers TRV $53.76 -0.64 1.18% 3,424,311 NYSE and the highest volume was again Bank of America BAC $11.8 -0.54 4.38% 572,914,530 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 lost $2,180 ($147,240 - $145,060).
MarketWatch 10/19/10 Monday 5:18 by Kate Gibson says U.S. stocks fell sharply Tuesday, sending the Dow industrials to its worst day in two months, as investors became unnerved by a surprise rate hike in China, disappointing earnings, and fresh concerns about the impact bad mortgages could have on banks. The Dow Jones Industrial Average (DJIA 10,940, -203.78, -1.83%) sank 165.07 points, or 1.5%, to 10,978.62, ending below 11,000 for the first time in more than a week. Blue-chip losses were led by shares of Bank of America (BAC 11.85, +0.05, +0.42%) , which fell 4.4% after a report the bank might be forced to repurchase bad mortgages.
That was the Dow’s worst drop since early August. The move also follows big gains for stocks in September. “You’ve got to admit it was overdue. We’ve had a straight shot since the first day of September, it’s been pretty much unrelenting,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of Wall Street’s six-week climb. The market was also disappointed with results from tech-industry giants Apple (AAPL 308.16, -1.33, -0.43%) and IBM Corp. ibm (IBM 137.92, -0.11, -0.08%) . and “lofty expectations that were not realistic,” said Pado, noting that so-called whisper numbers had shares of both hitting historic highs during Monday’s session. Read more in tech stocks. and Read more on Apple’s stock.
China's central bank raises rates China's central bank will raise its benchmark deposit and lending rates by 0.25 percentage point, its first increase since 2007. David Wessel, Neal Lipschutz and Bob O'Brien discuss. The S&P 500 (SPX 1,166, -18.81, -1.59%) fell 18.81 points, or 1.6%, to 1,165.90, with energy and materials weighing most heavily among its 10 industry groups. The financial sector, up earlier, turned lower in afternoon trading. The Nasdaq Composite (COMP 2,437, -43.71, -1.76%) shed 43.71 points, or 1.8%, to 2,436.95. For every share rising, five fell on the New York Stock Exchange, where 1.27 billion shares traded.
On Tuesday, Bank of America (BAC 11.85, +0.05, +0.42%) said its quarterly loss stemmed from a one-time hit related to credit-card-reform legislation passed earlier in the year. Read more about Bank of America’s results. But its shares sank, dragging down the financial sector, after reports that institutional investors including bond-giant Pimco and money manager BlackRock (BLK 174.63, -1.87, -1.06%) , along with the New York Federal Reserve, were pressuring the bank to repurchase troubled mortgages. Read more on mortgage repurchases. Before the open, China’s rate-hike announcement drew a negative response from Wall Street, which has not welcomed any move by China viewed as an effort to curb economic growth. Both Apple and IBM reported quarterly results late Monday, with each exceeding earnings forecasts, but investors still found something to pan in both reports. Shares of IBM, which said it signed less service deals than anticipated in the third quarter, fell 3.4% even as the Dow component reported robust profits and hiked its 2010 outlook. The major indexes had advanced Monday, with the Dow industrials ending at their highest level since May 3, a level that also helped inspire some profit taking early Tuesday. “We closed yesterday at the highest since early May, so we’re at the upper end of the range now, or some would say we’re at the bottom end of a new range,” said Jay Suskind, senior vice president at Duncan-Williams. Wall Street gave a muted reaction to economic data, which had the Labor Department estimating that new-home construction rose 0.3% in September. “The housing number wasn’t a surprise to the downside, which I guess was a positive. It was the Chinese rate hike with the dollar that affected the downside,” said Suskind of the U.S. currency’s rebounding strength. Limiting financial-sector losses, Goldman Sachs Group Inc. (GS 157.19, +0.47, +0.30%) shares ended up 2% after the brokerage reported quarterly results that topped earnings expectations.
Tuesday's Dow's Closing Numbers:
At&T T $28.21 -0.41 1.43% 31,782,234 NYSE: WSJ pB6 "Verizon's cheaper data plan" by Roger Cheng says Verizon's new plan will let customers get data service for $15 a month, down from the current $30 but will limit them to 150 megabytes. AT&T began offering a similar plan this summer.
Alcoa AA $12.67 -0.47 3.58% 28,985,003 NYSE: No mentions found.
Amex AXP $39.3075 -0.2425 0.61% 18,097,281 NYSE: No mentions found.
Bank of America BAC $11.8 -0.54 4.38% 572,914,530 NYSE: WSJ pC1 "BofA resists buying back bad loans" by Dan Fitzpatrick, Fin Times p19 "BofA seeks to reassure investors" by Justin Baer say Bank of America and some of tis largest mortgage investors clashed on Wed as BofA vowed to fight gov backed demands that it repurchase loans that allegedly didn't meet underwriting guidelines. Bof A had a $7.3 bil loss in3Q or 77 cents per share which was the result of a $10.4 bil goodwill charge tied to the decline in its credit card business.Related story at "Heard on the Street" pC20 by David Reilly.
Boeing BA $69.05 -1.18 1.68% 4,492,777 NYSE: No mentions found.
Caterpillar CAT $78.55 -1.69 2.11% 9,856,257 NYSE: No mentions found.
Chevron CVX $82.79 -1.69 2% 9,455,416 NYSE: No mentions found.
CSCO $22.97 -0.325 1.4% 53,594,744 NASDAQ-GS: No mentions found.
Coke KO $60.34 +0.34 0.57% 17,525,658 NYSE: Fin Times p17 "Coca-Cola chief backs furthe gov help for economy" by Geg Farrell says Muhtar Kent, ceo of Coke, said the fed gov should stimulte the US gov to generate inventives for innovation and entrepreneurs as coke reported $2.06 bil in 3Q net income, up 8% from $1.9 bil a year earlier. Rev rose 5% to $8.l4 bil as double digit increases in the Pacific region and the Mid East and Africa made up for slower growth in N. America.
DIS $34.24 -0.51 1.47% 9,554,477 NYSE: No mentions found.
DuPont DD $45.98 -1.13 2.4% 6,997,129 NYSE: No mentions found.
Exxon XOM $65.12 -1.16 1.75% 25,363,226 NYSE: No mentions found.
GE $16.07 -0.18 1.11% 74,128,901 NYSE: No mentions found.
Hewlett-Pack HPQ $42.83 -0.49 1.13% 20,785,864 NYSE: WSJ pB6 "H-P keeps Palm going" by Ben Pimentel, USA Today p3B "HP plans comebacks for Palm's WebOS & Pre phone" by David Lieberman say Hewlett-Packard unveiled a new smartphone and a new version of webOS, the mobile computing operating system it acquired as part of its purchase of Pam and said the new Palm Pre 2 will be the first device to run webOS 2.0.
Home Dep HD $30.41 -0.12 0.39% 12,047,008 NYSE: AJc pA12 "Ex-Home Depot worker senenced" by Rhonda Cook says a former HD employee was senenced to 2 years & 3 months in fed prison for his role in a kickback scheme that ensured certain congtractors got the firm's business.
Intel INTC $19.21 +0.02 0.1% 85,254,149 NASDAQ-GS: WSJ pB6 Intel to invest $6 bil in plants" by Don Clark, NYT pB8 Intel to build new chip plant in Oregon, & upgrade others" by Laurie Flynn, USA Today p1B "Intel to invest $8 bil in facgtory, upgrades" say Intel will invest $6 bil to $8 bil over several years to upgrade its plans in US and build a new research facility in Oregon, adding 1,000 workers.
IBM $138.03 -4.80 3.36% 14,158,901 NYSE: WSJ pc5 "Bad News" charts IBM saying there are concerns about weakness in IBM's new business signings for services.
WSJ pC1 "Dow declines 165.07 on China, bank jolts" by Jon Cheng says China's move to slow its economy collided with concerns about the foreclosure crisis to roil fin'l markets on Tues. Bank of America, JPMorgan and Citi sheded 1.3% or more. Tech stocks were down as earnings from Apple and IBM failed to impress.
JPMorgan JPM $37.69 -0.51 1.34% 70,535,110 NYSE: WSJ pC1 "Dow declines 165.07 on China, bank jolts" by Jon Cheng says China's move to slow its economy collided with concerns about the foreclosure crisis to roil fin'l markets on Tues. Bank of America, JPMorgan and Citi sheded 1.3% or more. Tech stocks were down as earnings from Apple and IBM failed to impress.
Johnson & Johnson JNJ $63.29 -0.57 0.89% 17,235,334 NYSE: WSJ pB5 "Despite recalls, J&J profit rises" by Jon Rockof, NYT pB2 "Sales decline, but earnings rise for J&J" by natasha Singer say Johnson & Johnson said Tylenol recalls hurt sales, but lower costs & a weaker dollar bolstered earnings & prompted it to riase its full year forecast. It had a 3Q profit of $3.42 bil, or $1.23 a share, up 2.2% from $3.35 bil, or $1.20 a sahre a year earlier.
Fin Times p28 "Apple & IBM lead retreat after earnings disappoint" by Hannah Kuchler says Apple & IBM weighed on US equities after disappointing earnings reports forced their shares to retreat from Mon's all time highs. In healthcare, Johnson & Johnson suffered after it missed rev expectations after recent recalls of some otc medicines but it still managed to beat earnings expectations.
KFT $31.45 -0.21 0.66% 7,573,550 NYSE: No mentions found.
MCD $76.99 -0.33 0.43% 5,225,747 NYSE: No mentions found.
MRK $36.52 -0.71 1.91% 10,371,440 NYSE: No mentions found.
MSFT $25.1 -0.72 2.79% 66,079,411 NASDAQ-GS: No mentions found.
Pfizer PFE $17.39 -0.41 2.3% 48,664,509 NYSE: No mentions found.
MMM $88.55 -1.11 1.24% 3,888,019 NYSE: No mentions found.
Travelers TRV $53.76 -0.64 1.18% 3,424,311 NYSE: No mentions found.
United Tech UTX $73.61 -0.95 1.27% 5,807,792 NYSE: No mentions found.
Verizon VZ $32.16 -0.43 1.32% 20,407,978 DualListed: WSJ pB6 "Verizon's cheaper data plan" by Roger Cheng says Verizon's new plan will let customers get data service for $15 a month, down from the current $30 but will limit them to 150 megabytes. AT&T began offering a similar plan this summer.
WMT $53.32 -0.44 0.82% 10,224,905 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 Leo Apotheker (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 Edwardo Castro-Wright as CEO for 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.