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Post No. 711 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 10/24/10 and an update of the Dow 30 component's SEC filings as of 10/24/10.
The Dow Jones Industrial Average closed Monday at 11,124.62 up 6.13 or 0.06% from Friday's close of 11,118. Of the 30 Dow Jones component companies 15 gained and 15 declined. The biggest gainer dollar-wise was Caterpillar CAT $79.25 +0.65 0.83% 7,200,574 NYSE and percentage-wise was Intel INTC $20.57 +0.52 2.59% 51,002,828 NASDAQ-GS. The biggest decliner dollar-wise was Chevron CVX $81.5101 -1.0899 1.32% 11,984,711 NYSE and percentage wise was Kraft KFT $31.8 -0.47 1.46% 8,167,169 NYSE.
As of the open of the market Monday, 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 14.16 up from Friday's 14.07 (year ago it was 16.74) the P/E estimate is 13.15 unchanged from Friday's P/E estimate of 13.25 (year ago it was 15.68) and the current dividend yield is 2.54 unchanged from Friday's yield of 2.54 (it was 2.88 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,469.89 up 0.88 from Friday's closing numerator of 1,468.48. 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 $49.00 up 0.03 from Friday's Dow Jones Industrial Average average closing price of $48.97. The median closing price of Monday's Dow Jones Industrial Average was $41.95 (HPQ/AXP) up 0.20 from Friday's median price of $41.75. The lowest volume was United Technologies UTX $74.63 -0.14 0.19% 3,236,715 NYSE and the highest volume was again Bank of America BAC $11.51 +0.061 0.53% 146,297,752 NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $88 ($146,989 - $146,901).
MarketWatch Monday 11/1/10 4:19 pm by Nick Godt says U.S barely closed in positive territory on Monday, with the Dow industrials losing most of a triple-digit rally as bank stocks sank and investors treaded cautiously ahead of midterm elections and expected easing measures by the Federal Reserve. The Dow Jones Industrial Average (DJIA 11,125, +6.13, +0.06%) rose 6.13 points, or 0.1%, to 11,124.62. Leading blue-chip gains, Intel Corp. (INTC 20.56, -0.01, -0.05%) rose 2.6%. The S&P 500 (SPX 1,184, +1.12, +0.10%) gained 1.12 points, or 0.1%, to 1,184.38. A report that the Securities and Exchange Commission is investigating JP Morgan Chase's (JPM 37.45, +0.03, +0.08%) dealings with Magnetar, a hedge fund, weighed on financials and the broad market. The Nasdaq Composite (COMP 2,505, -2.57, -0.10%) lost 2.57 points, or 0.1%, to 2,504.84.
Monday's Closing Dow Numbers:
AT&T T $28.72 +0.20 0.7% 23,673,742 NYSE
Alcoa AA $13.03 -0.11 0.84% 18,263,268 NYSE
Amex AXP $41.59 +0.13 0.31% 7,733,793 NYSE
Bank of America BAC $11.51 +0.061 0.53% 146,297,752 NYSE
Boeing BA $70.48 -0.16 0.23% 3,109,735 NYSE
Caterpillar CAT $79.25 +0.65 0.83% 7,200,574 NYSE
Chevron CVX $81.5101 -1.0899 1.32% 11,984,711 NYSE
CSCO $22.92 +0.06 0.26% 49,044,501 NASDAQ-GS
Coke KO $61.69 +0.37 0.6% 8,393,379 NYSE
Disney DIS $36 -0.125 0.35% 7,873,328 NYSE
DuPont DD $46.91 -0.37 0.78% 5,205,582 NYSE
Exxon XOM $66.96 0.47 0.71% 21,069,566 NYSE
GE $15.94 -0.08 0.5% 49,949,512 NYSE
Hewklett-PackardHPQ $42.51 +0.47 1.12% 12,248,663 NYSE
Home Depot HD $30.7 -0.20 0.65% 7,679,365 NYSE
Intel INTC $20.57 +0.52 2.59% 51,002,828 NASDAQ-GS
IBM $143.33 -0.27 0.19% 5,429,685 NYSE
JPMorgan JPM $37.4192 -0.2108 0.56% 34,923,538 NYSE
Johnson & John JNJ $63.6675 -0.0725 0.11% 8,739,903 NYSE
Kraft KFT $31.8 -0.47 1.46% 8,167,169 NYSE
MCD $77.87 +0.10 0.13% 4,310,096 NYSE
MRK $36.24 -0.07 0.19% 8,675,909 NYSE
MSFT $26.95 +0.285 1.07% 60,067,431 NASDAQ-GS
Pfizer PFE $17.59 +0.175 1% 39,428,521 NYSE
PG $63.64 +0.07 0.11% 11,227,650 NYSE
MMM $83.98 -0.24 0.28% 4,456,390 NYSE
TRV $55.77 +0.57 1.03% 4,978,980 NYSE
United Technologies UTX $74.63 -0.14 0.19% 3,236,715 NYSE
Verizon VZ $32.4 -0.08 0.25% 12,478,591 Dual Listed
Walmart WMT $54.31 +0.14 0.26% 8,185,693 NYSE
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The following are excerpts from Monday morning's Blog:
A read of Monday's Barron's, Wall St. Journal, Financial Times, New York Times, Investor's Business Daily, USA Today, Atlanta Journal & Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.
Dow:The Dow Jones Industrial Average closed Friday at 11,118 up 4.54 or 0.04% from Thursday's close of 11,113.95. For the week the Dow was down 14.56 or 0.013% from last Friday's close of 11,132.56. For the month the Dow was down 3.06%. For the year the Dow is up 6.62%. Of the 30 Dow Jones component companies 18 gained and 12 declined. The biggest gainer dollar-wise was IBM $143.6 +2.70 1.92% 8,444,096 and percentage-wise was Alcoa AA $13.14 +0.49 3.87% 39,265,086 NYSE. The biggest decliner dollar-wise and percentage wise was Chevron CVX $82.6 -1.84 2.18% 12,462,965 NYSE.
IBD pA1 "Stocks go nowhere in higher volume" by Paul Whitfield says the major indexes closed flat Fri as the stock market shrugged off mediocre economic data & a terror scare. Current outlook is the market is in a confirmed uptrend.
Friday's Dow Jones Industrial Average closing numerator was 1,469.01 up 0.53 from Thursday's closing numerator of 1,468.48. 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 Friday's Dow Jones Industrial Average was $48.97 up 0.02 from Thursday's Dow Jones Industrial Average average closing price of $48.95. The median closing price of Thursday's Dow Jones Industrial Average was $41.75 (HPQ/AXP) downp 0.19 from Thursday's median price of $41.94. The lowest volume was United Technologies UTX $74.77 +0.07 0.09% 2,650,141 NYSE and the highest volume was again Bank of America BAC $11.449 -0.081 0.7% 126,825,092 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $53 ($146,901 - $146,848).
MarketWatch Friday 10/29/10 4:58 pm by Donna Yesalavich says U.S. blue chip stocks edged up Friday while the Standard & Poor’s 500 index fell slightly in a quiet end to a strong October as investors bided their time before next week’s Federal Reserve meeting and midterm elections. The Dow Jones (DJIA 11,118, +4.54, +0.04%) closed up 4.54 points, or 0.04%, to 11118.49. Microsoft (MSFT 26.59, -0.08, -0.28%) was among the Dow’s best performers with a 1.5% rise. The software giant’s fiscal first-quarter profit climbed 51%, benefiting from a continued strong response to the Windows 7 operating system and Office 2010. Microsoft is also the Dow’s best performer this month, up 9.1% over the period.Read about Microsoft’s results. Chevron and Merck helped limit the Dow’s gain. Chevron (CVX 82.61, +0.01, +0.01%) fell 2.2% after the oil major’s third-quarter earnings and revenue missed analysts’ expectations. Merck (MRK 36.25, -0.06, -0.17%) dropped 1.7% as the company’s earnings excluding items topped Wall Street estimates, but revenue fell short of forecasts. Read more on Chevron. The technology-heavy Nasdaq Composite (COMP 2,507, +0.04, +0.00%) rose 0.04% to 2507.41. The Standard & Poor’s 500-stock index (SPX 1,183, -0.52, -0.04%) was nearly unchanged at 1,183.26. The health-care sector slumped as Merck weighed.Friday, which marks the 81st anniversary of the Crash of 1929 known as “Black Tuesday,” was the final trading day of what has been a strong October for stocks. The Dow climbed 3.06% during the month and the S&P 500 rose 3.69% for October, the Dow’s best October since 2006 and the S&P 500’s best October since 2003. Even without the glamour of an iPad or another novel technology hit among consumers in its product lineup. This month’s climb has come on growing expectations that next week the Federal Reserve will announce more stimulus and midterm elections will lead to a Republican takeover of the House. “We’ve got a huge week next week,” said Jim Paulsen, chief investment strategist at Wells Capital Management. “Today’s market may just be the perfect reflection of that quandary -- how big a position do you want to take leading into that?” Data released Friday showed the economy expanded in the third quarter at a slightly faster pace compared to the previous quarter, but growth remains too weak to cut unemployment any time soon. Gross domestic product, the value of all goods and services produced, rose at an annual rate of 2.0% after climbing 1.7% in the second quarter. Economists had expected 2.1% growth. The data showed inflation remains very soft. The Fed’s preferred gauge, the price index for personal consumption expenditures excluding volatile food and energy items, rose an annualized 0.8% in the third quarter, below the second quarter’s 1% increase.
The GDP report “means we’re not growing fast enough to make a dent in the unemployment rate,” said Jeff Applegate, chief investment officer at Morgan Stanley Smith Barney. He said that only adds to the case for the Fed to unveil a quantitative easing program next week. Other economic figures released Friday were mixed. Consumer-sentiment data from Reuters/University of Michigan showed the consumer mood darkened at the end of October, while the Chicago Business Barometer, formerly known as Chicago PMI, edged up from September and topped expectations. Read more on consumer sentiment. The dollar weakened slightly, with the U.S. Dollar Index (DXY 77.04, -0.27, -0.35%) , which tracks the U.S. currency against a basket of six others, off 0.2%. Meanwhile, Treasurys edged higher, pushing the yield on the 10-year note (UST10Y 2.60, -0.06, -2.40%) down to 2.62%. Crude-oil futures fell while gold futures were flat. Among stocks in focus, Genworth Financial (GNW 11.37, +0.04, +0.35%) tumbled 9.9%. The life insurer’s operating earnings unexpectedly dropped as stronger international operations couldn’t offset weakness in life and mortgage insurance. S&P Equity Research cut its target price on Genworth’s shares following the report. Adding to the downward pressure on the insurer’s shares, hedge-fund manager Steve Eisman said on Genworth’s third-quarter conference call that the company isn’t meeting its cost of capital in any of its businesses. He suggested Genworth consider shutting down some businesses and use the money saved to buy back shares. Monster Worldwide (MWW 17.98, -0.08, -0.44%) shares soared 26%. The employment website operator struck an optimistic tone as it reported stronger-than-forecast bookings in its third quarter, leading the company to narrow its loss projection for the year. The third quarter was the first since early 2008 that Monster has seen revenue, bookings and deferred revenue all grow year-over-year.
Friday's Dow Closing Numbers:
AT&T T $28.52 +0.02 0.07% 21,182,642 NYSE: No mentions found.
Alcoa AA $13.14 +0.49 3.87% 39,265,086 NYSE: No mentions found.
American Express AXP $41.46+ 0.24 0.58% 9,598,191 NYSE: No mentions found.
Bank of America BAC $11.449 -0.081 0.7% 126,825,092 NYSE: WSJ pC1 "BofA tries to untangle files" by Ruth Simon says BofA employees are going through 102,000 foreclosure files trying to fix problems it inherited from their Countrywide buy.
Barron's p20 "A secret route to banking's potential riches" says a good way to play a rally in the depressed banking sector is via warrants on the shares of such firms as JPMorgan, Wells Fargo & Bank of America that were originally given to the Treasury in conjunction with the TARP money during '08 & '09.
Boeing BA $70.64 -0.63 0.88% 3,202,225 NYSE: Barron's pM3 "The trader" by Kopin Tan says 4 of every 5 stocks are straining above their 50 day moving averages, a sign the extended market is ripe for a rest. Selling of shares by company insiders has also picked up in earnest & is particularly noticeable in stocks like McDonald's and Netflix as both push all time highs. Applied Signal Tech could be a takeover at 12 times '11 cash flow which is on par with the 11.8 multiple Boeing recently paid for Argon ST, a military sensor maker also highlighted here this summer.
Caterpillar CAT $78.6 +0.86 1.11% 4,563,895 NYSE: No mentions found.
Chevron CVX $82.6 -1.84 2.18% 12,462,965 NYSE: IBD pA2 "Chevron profit hurt by drilling ban", WSJ pB3 "Currency trims net at Chevron" by Isabel Ordonez, Sat NYT pB2 "Chevron's profit falls on drilling moratorium" by AP say Chevron said its 3Q earnings fell 1.6% from a eyar ago as a weaker US dollar & higher costs ofset gains from rising oil prices and a stronger refining business. Chevron is the second largest US oil firm by market value after Exon. It had a 3Q profit of $3.77 bil or $1.87 a share, down from $3.83 bil or $1.92 a share a year earlier.
Cisco CSCO $22.86 -0.33 1.42% 44,587,820 NASDAQ-GS: Barron's p31 "Bears, beware! 2010 Big money poll" by Jack Willoughby says money managers like dividend paing stocks such as Johnson & Johnson which yields 3.25%, Verizon which yields 6% and Intel which yields 3.1% because its an out of favor old line tech with cash & great margins. Cisco, Microsoft and Hewlett-Packard are also favored.
Barron's p42 "Chasing the clouds" by Mark Veverka says tackling security issues on the cloud provides a golden opportunity for enterprise tech firms such as IBM & EMC. The adoption of the private cloud, data center consolidation controlled by the corporate customer" is terrific in the short term for the incumbents selling new servers, storage & software such as Hewlett-Packard, Cisco & Oracle who are not in a hurry to expand into lower margin public cloud services since their existing high margin businesses have been so good for so long.
Coke KO $61.32 +0.11 0.18% 7,120,138 NYSE: IBD pB9 "Coke bottler;s earnings top analysts' views" b Patrick Cain says the first quarterly report since CCE shed its n. Amer. biz came in last week, and concerns about the separation were put to rest for many investors. CCE sold off the div for $13 bil to Coke, which owns a big stake in CCE, to focus on its European unit. 3Q earnings rose 14% to 58 cents a share, topping estimates by a nickel Rev slipped 4% to $1.68 bil.
Disney DIS $36.125 -0.385 1.05% 12,931,174 NYSE: Fin Times p17 "Disney aims for the Oscars & beyond with best picture buzz" by Matthew Garrahan says Disney is preparing a big marketing campaign for next year's Oscars to try to win Best Picture award for Toy Story 3 which passed $1 bil to become the biggest grossing animated film.
DuPont DD $47.28 +0.25 0.53% 5,428,358 NYSE: No mentions found.
Exxon XOM $66.49 +0.27 0.41% 19,270,797 NYSE: No mentions found.
GE $16.02 -0.06 0.37% 38,174,397 NYSE: Fin Times p22 "Nidec eyes GE & Bosch motor units" by Peter Marsh says a Japanese electronic entrepreneur has plans to buy the elecgtric motor divs of GE & Bosch as part of a long gterm goal to become the leader in these devices. Shigenobu Nagamori is the CEO of Kyoto based Nidec.
Hewlett-Packard HPQ $42.04 -0.62 1.45% 18,187,411 NYSE: Barron's p31 "Bears, beware! 2010 Big money poll" by Jack Willoughby says money managers like dividend paing stocks such as Johnson & Johnson which yields 3.25%, Verizon which yields 6% and Intel which yields 3.1% because its an out of favor old line tech with cash & great margins. Cisco, Microsoft and Hewlett-Packard are also favored.
Barron's p42 "Chasing the clouds" by Mark Veverka says tackling security issues on the cloud provides a golden opportunity for enterprise tech firms such as IBM & EMC. The adoption of the private cloud, data center consolidation controlled by the corporate customer" is terrific in the short term for the incumbents selling new servers, storage & software such as Hewlett-Packard, Cisco & Oracle who are not in a hurry to expand into lower margin public cloud services since their existing high margin businesses have been so good for so long.
Home Depot HD $30.9 -0.29 0.93% 9,505,251 NYSE: No mentions found.
Intel INTC $20.05 -0.42 2.05% 60,774,304 NASDAQ-GS: WSJ pB4 "Intel grants rare access to start-up" by Don Clark, NYT pB7 "Intel takes a wider role, making chips for others" by Matt Richtel say Intel will now enter the contract manufacturing biz dominated by Taiwanese & Chinese fimrs as it will start making chips for Silicon Valley's Achronix Semiconductor.
Barron's p31 "Bears, beware! 2010 Big money poll" by Jack Willoughby says money managers like dividend paing stocks such as Johnson & Johnson which yields 3.25%, Verizon which yields 6% and Intel which yields 3.1% because its an out of favor old line tech with cash & great margins. Cisco, Microsoft and Hewlett-Packard are also favored.
IBM $143.6 +2.70 1.92% 8,444,096 NYSE: Fin Times p17 "IBM revamps cloud strategy" by Rihard Waters says IBM has overhauled its strategy for cloud computing as it will now sell cloud computing through its services div, which generates nearly 60% of its rev. Rather than try to encourage firms to hand all their data to IBM to be stored & processed, it will sell services from its data centers that allows firms to integrate data into a customer's existing IT systems.
JPMorgan Chase JPM $37.63 +0.12 0.32% 19,803,213 NYSE: Barron's p16 "Week Preview" says JPMOrgan Chase and HSBC were sued in Manhattan accusing hem of manipulating silver futures prices by amassing enormous short positions.
Johnson & Johnson JNJ $63.74 +0.18 0.28% 9,309,827 NYSE: Barron's p31 "Bears, beware! 2010 Big money poll" by Jack Willoughby says money managers like dividend paing stocks such as Johnson & Johnson which yields 3.25%, Verizon whichyields 6% and Intel which yields 3.1% because its an out of favor old line tech with cash & great margins. Cisco, Microsoft and Hewlett-Packard are also favored.
Kraft KFT $32.27 +0.13 0.4% 6,614,660 NYSE: No mentions found.
McDonald's MCD $77.77 +0.29 0.37% 4,338,964 NYSE: Barron's pM3 "The trader" by Kopin Tan says 4 of every 5 stocks are straining above their 50 day moving averages, a sign the extended market is ripe for a rest. Selling of shares by company insiders has also picked up in earnest & is particularly noticeable in stocks like McDonald's and Netflix as both push all time highs. Applied Signal Tech could be a takeover at 12 times '11 cash flow which is on par with the 11.8 multiple Boeing recently paid for Argon ST, a military sensor maker also highlighted here this summer.
Merck MRK $36.31 -0.63 1.71% 15,230,540 NYSE: IBD pA2 "Merck profit tops, but sales miss", WSJ pB1 "Merck books $950 mil Vioxx charge" by Peter Loftus, Sat. NYT pB2 "Cost cuts help Merck to avert rev losses" by Bloomberg say Merck's profit plunged 90% as it set aside $950 mil to pay for an anticipated resolution of a gov probe of its former pain drug Vioxx. Merck agreed in '07 to pay $4.85 bil to settle thousands of Vioxx product liability lawsuits. its 3Q profit declined to $342 mil or 11 cents a sahre, from $3.4 bil or $1.61 a share a year earlier. 3Q sales were up 84% to $11.1 bil due to the Schering acquisition which closed in Nov. '09.
Microsoft MSFT $26.665 +0.385 1.46% 114,193,191 NASDAQ-GS: Barron's p41 "Thumbs up for Microsoft" by Eric Savitz says Microsoft has been on a specacular run over the past 10 years. It had $23 bil in rev in the June '00 fiscal year; in '10 it had $63 bil, an increase of 174%. Microsoft is still a buy.
Barron's p31 "Bears, beware! 2010 Big money poll" by Jack Willoughby says money managers like dividend paing stocks such as Johnson & Johnson which yields 3.25%, Verizon whichyields 6% and Intel which yields 3.1% because its an out of favor old line tech with cash & great margins. Cisco, Microsoft and Hewlett-Packard are also favored.
Barron's p17 "Week preview" says on Tues 11/2 Microsoft discusses Windows Azure.
Pfizer PFE $17.415 -0.155 0.88% 40,226,507 NYSE: Fin Times p26 ""Corp Diary", WSJ pC2 "The Ticker" NYT pB2 "Looking ahead" say on Tuesday Pfizer reports earnings. Fin Times says Pfizer's ahs a challenge to replace rev lost by Lipitor which will lose patent protection next year & had sales from it of $11.4 bil last year. Another 6 high margin drugs will soon become vulnerable to low cost competition. Pfizer is expected to have 0.51 cents per share earnings the same as last year's same period.
WSJ pB3 "Pfizer widens recall for bottles of Lipitor" by Peter Loftus says Pfizer widened a recall of Lipitor because of reprots of musty odors as it will recall 38,000 bottles of 40 mil tablets.
Procter & Gamble PG $63.57 +0.38 0.6% 11,372,240 NYSE: WSJ pA1 "Growth in profit, but concerns over sales" by James Hagerty says corp America is on track to post its healthiest profit margins in more than 3 years in the current 3Q earnings but some firms are warning that skittish consumers and higher raw materials prices promise a tougher road next year, damping hopes for a resurgence in hiring. Procter & Gambles gross margin fell to 51.8% in the latest quarter from 52.6% a year earlier, largely due to higher costs for commodities like paper pulp and plastic resins. P&G is feeling the pinch of higher pulp costs on its paper products.
3M MMM $84.22 -0.85 1% 6,085,807 NYSE: WSJ pB1 "3M brings along the basics as it balances new old" by James Hagerty says 3M is using acquisitions & its own labs to diversify into such areas as biometrics, fuel cells and a painless way to inject medicine into people using micro-needles.
Travelers TRV $55.2 +0.46 0.84% 3,680,633 NYSE: Barron's p18 "Too much progress in this stock" says Progressive, the auto insurer, is fully priced. Other major P&C insurers like Chubb & Travelers trade around book while Allstate shares are flat in the past year.
Barron's p20 "A secret route to banking's potential riches" says a good way to play a rally in the depressed banking sector is via warrants on the shares of such firms as JPMorgan, Wells Fargo & Bank of America that were originally given to the Treasury in conjunction with the TARP money during '08 & '09.
United Technologies UTX $74.77 +0.07 0.09% 2,650,141 NYSE: No mentions found.
Verizon VZ $32.48 +0.07 0.22% 12,076,517 Dual Listed: No mentions found.
WalMart WMT $54.17 +0.09 0.17% 8,033,129 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 10/24/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $338 [5]
2. Microsoft MSFT 219.5 [9]
3. WalMart WMT 196.5 [3.5]
4. Procter & Gamble PG 180 [3]
5. IBM 176 [1]
6. Johnson & Johnson JNJ 176 [3]
7. GE 171.5 [10.5]
8. Chevron CVX 170 [2]
9. AT&T T 167 [6]
10. JPMorgan Chase JPM 149 [4]
11. Coke KO 142 [2.5]
12. Pfizer PFE 140 [8]
13. Cisco CSCO 134 [6]
14. Bank of America BAC 115 [10]
15. Merck MRK 114 [3]
16. Intel INTC 110.5 [5.5]
17. Hewlett-Packard HPQ 97 [2.5]
18. Verizon VZ 95 [3]
19. McDonald's MCD 83.5 [1]
20. United Technologies UTX 69.5 [1]
21. Disney DIS 67 [2]
22. 3M MMM 64.5 [.5]
23. Kraft KFT 55.5 [2]
24. Home Depot 52.5 [1.5]
25. Boeing BA 52 [1]
26. Caterpillar CAT 49 [.5]
27. American Express AXP 47 [1]
28. DuPont DD 42.5 [1]
29. Travelers 26 [.5]
30. Alcoa AA 13 [1]
Here are the latest SEC filings as of 10/24/10 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: 10/21/10 & 10/10/10 2 8K's re: 3Q earnings of $2.08 per share
10/1/10 8K re: settlement with IRS to pay $300 mil re: '08 tax returns
9/3/10 8K re: increasing Board from 12 to 13 & election of Matthew K. Rose as director
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
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
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
American Express AXP: 10/21/10 8K re: 3Q results
10/15/10 8K re: delinquency & write-off statistics
10/4/10 8K re: antitrust lawsuit filed by US Dept. of Justice accusing Amex of forcing merchants not to use competitors' services
9/15/10 8K re: delinquency & write-off stats
9/15/10 8K re: changes to certain credit cards
8/16/10 2 8Ks re: delinquency and write-off statistics
Bank of Am BAC: 10/20/108K re: registration of 50,354,545 shares
10/19/10 8K re: 3Q results
10/8/10 8K re: extension of BofA's review of foreclosures in all 50 states
8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
Boeing BA: 10/10/10 10Q re: 3Q ended 9/30/10
10/10/10 8K re: 3Q results of $1.12 per share
8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems
Caterpiller CAT: 10/21/10 8K re: Sept. dealer stats
10/21/10 8K re: 3Q results
9/30/10 8K re: change of prices
9/21/10 8K re: credit facility
9/17/10 8K re: dealer stats
Chevron CVX: 10/12/10 *K re: 3Q fin'l update
9/30/10 8K re: bylaws amendments
8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
Cisco CSCO 9/28/10 Def. Proxy materials
9/22/10 8K re: stock trading plans for directors
9/21/10 10K for year ended 7/31/10
9/16/10 8K re: award of employee stock options
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
Coke KO 10/19/10 8K re: 3Q fin'l results
10/5/10 8K re: completion of buyout of Coca-Cola Enterprises
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: 10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
10/3/10 8K re: 3Q earnings'9/28/10 8K re: NBC Universal offer to sell notes in a private placement
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
Hewlett-Packard HPQ: 10/18/10 8K re: election of Leo Aptheker as Pres/CEO
9/28/10 8K re: outlook for fiscal year '11
9/20/10 8K re: resolving litigation against ex-CEO mark Hurd
9/13/10 8K re: sale of Global Notes
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
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
Intel INTC: 10/13/10 & 10/12/10 2 8Ks re: results for 3Q ended 9/25/10
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.
IBM:10/19/10 & 10/18/10 2 8Ks re: results for 3Q ended 9/30/10
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
JPMorganChase JPM: 10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
10/13/10 8K re: 3Q results of $1.01 per share
9/15/10 8K re: presentation to a US fin'l services investor conference
8/6/10 10Q 2Q 6/30/10
Johnson & Johnson JNJ : 10/19/10 8K re: results for 3Q ended 10/3/10
10/6/10 SC TO-C re: tender offer to buy Crucell N.V.
10/1/10 8K re; completion of acquisition of Micrus Endovascular Corp.
9/16/10 re: retirement of Colleen Goggins, Worldwide Chair of Consumer Group
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: 10/6/10 & 9/20/10 2 8Ks re: buyback of 5.125% Cadbury Notes due '13
9/15/10 8K re: new global growth strategy
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: 10/21/10 8K re: 3Q earnings rise 12%
9/24/10 8K re: dividend increase of 11% to 0.61 per share
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
Merck MRK:10/14/10 8K re: status of Remicade & Simponi arbitration
9/7/10 8K re: arbitration re: Merck'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.
Microsoft MSFT: 10/22; 10/12; 10/14; 10/1 & 9/30/10 Proxy Statement materials re: Annual Shareholder Meeting to be held on 11/16/10 at 8am at Meydenbauer Center, Bellevue WA
9/27/10 8K re: sale of notes
9/13/10 8K re: resignation of Stephen Elop as Pres. of Microsoft Bus. Div. to become CEO of Nokia
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:10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's pruchase of King Pharmaceuticals, Inc.
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: 10/14/10 8K re: voting results from 10/12/10 Annual Shareholders Meeting
10/12/10 8K re: dividend of 0.4818 cents per share
10/12/10 8K re: CEO's address at Annual Shareholders Meeting
8/27/10 Proxy Stmt re: Annual Shareholder 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.
3M MMM:10/8/10 SC TO-T/A re: tender offer statement re: Cogent offer
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:10/21/10 8K & 10Q re: 3Q ended 9/30/10
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
United Technologies UTX:10/20/10 8K re: 3Q results
9/24/10 8K re: departure of certain officers
8/31/10 8K re: redemption of 6.35% Notes due '11
8/19/10 8K re: departure 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: 10/22/10 8K re: 3Q results
10/18/10 8K re: in'l info re: divestitures relating to 1/09 acquisition of Alltel Corp.
9/20/10 8K re: appointment of Verizon Wireless Pres/CEO Lowell C. McAdams as Pres/COO of Verizon Communications effective 10/1/10
9/13/10 8K re: retirement of John F. Killian as CFO
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:10/22/10 8K re: issuance of Notes due 2013
9/29/10 8K re: election of Charles Holley as CFO
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.