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Post No. 815 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 Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Friday at 11,674.76 down 22.55 points or 0.22% from Thursday's close of 11,697.31. For the week the Dow is up 97.25 or 0.84% from last Friday's Dow close of 11,577.51. Of the 30 Dow Jones component companies 12 gained and 18 declined. The biggest gainer dollar-wise was Boeing BA $69.38 +0.58 0.84% 6,793,239 NYSE and percentage-wise was Pfizer PFE $18.34 +0.16 0.88% 130,695,824 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $53.33 -1.06 1.95% 8,480,367 NYSE.
As of the open of the market Friday, 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 is 14.91 down from Thursday's 14.9 (year ago it was 18.40); the P/E estimate is 13.65 unchanged from Thursday's 13.65 (year ago it was 16.40), and the dividend yield is 2.46 up from Thursday's 2.45 (last year it was 2.58). 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.
Friday's Dow Jones Industrial Average closing numerator was 1,542.58 down 2.98 from Thursday's closing numerator of 1,545.56. 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 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $51.42 down $0.10 from Thursday's Dow Jones Industrial Average average closing price of $51.52. The median closing price of Friday's Dow Jones Industrial Average was $44.73 (HPQ/AXP down $0.07 from Thursday's median closing price of $44.80. The lowest volume was United Technologies UTX $79.08 -0.07 0.09% 2,771,709 NYSE and the highest volume was again Bank of America BAC $14.25 -0.19 1.32% 391,703,695 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 lost $298 ($154,556 - $154,258).
MarketWatch Friday 1/7/11 5:08 by Donna Yesalavich says U.S. stocks fell Friday after an adverse foreclosure ruling hit bank shares hard, but major indexes ended the first week of trading in the new year higher. The Dow Jones Industrial Average (DJIA 11,675, -22.55, -0.19%) dropped 23 points, or 0.2%, to end at 11675. For the week, the Dow ended up 0.9%, notching its sixth weekly gain. The Nasdaq Composite (COMP 2,703, -6.72, -0.25%) fell 0.3% to end at 2703. The Nasdaq was up 1.9% for the week.
The Standard & Poor’s 500 index (SPX 1,272, -2.35, -0.18%) fell 0.2% to 1271. But the index logged a gain of 1.1% for the week. Much of the week’s gains were made on Monday and Wednesday, with Monday’s rally coming on optimism for the new year while Wednesday’s climb followed a stronger-than-expected report on private-sector jobs for December. But investors were disappointed Friday by monthly employment data showing nonfarm payrolls rose by 103,000 last month as private-sector employers added 113,000 jobs, missing economists’ estimate for a gain of 150,000 jobs. The Dow’s financial components led Friday’s decline, with J.P. Morgan Chase & Co. (JPM 43.57, -0.07, -0.16%) slipping 1.9% and Bank of America Corp. (BAC 14.26, +0.01, +0.07%) falling 0.8%. Weighing on the banks, the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (USB 26.15, +0.06, +0.23%) and Wells Fargo & Co. (WFC 31.59, +0.09, +0.29%) were invalid because the banks failed to show they held the mortgages at the time of the foreclosure. “That takes you back into the maelstrom of who is the valid holder of the mortgage, who owns the property and will this slow the rate at which the banks can process the foreclosures,” said Joseph Battipaglia, chief market strategist of the private client group at Stifel Nicolaus. “It comes down to the timing and speed at which banks can work through their troubled asset portfolios, and that delays the timing of an expected earnings recovery.” U.S. Bancorp dropped 0.8% and Wells Fargo declined 2%. Neither stock is in the Dow. Investors fretted over how the ruling against U.S. Bancorp and Wells Fargo could influence similar cases for other banks. Among the other bank stocks that fell, Regions Financial Corp. (RF 7.00, -0.02, -0.29%) shares dropped 1.7% and BB&T Corp. (BBT 26.28, -0.05, -0.19%) declined 2%. The jobless rate fell to 9.4% in December, its lowest level in 19 months, but the economy added just 103,000 new jobs, fewer than expected. The unemployment rate, obtained from a separate household survey, fell to 9.4% last month, the lowest level since May 2009 and the biggest fall in more than a decade. It beat expectations for a 9.7% rate, although it was impacted by a drop in the civilian labor-force participation rate to 64.3%, from 64.5%. “What this is telling you is that this is not a rocketship recovery and it’s not a collapse either,” said Michael Church, president of Addison Capital. “It’s also telling you that the Fed’s not backing away.” Federal Reserve Chairman Ben Bernanke said Friday that the central bank remains “unwaveringly committed” to maintaining price stability. The Fed’s bond-buying program is justified, he said, because unemployment is likely to remain above 8% for the next two years and inflation will remain subdued. The euro (EURUSD 1.2904, -0.0011, -0.0852%) slipped to $1.2913, from $1.3015 late Thursday, trading at its weakest level in more than a month against the dollar, as concerns heightened over the euro zone’s debt stresses. Among investors’ latest worries was that the Swiss National Bank’s rejection of Portuguese government bonds could trigger further rating downgrades, but the SNB noted the bonds were never part of its list of eligible collateral due to settlement reasons. The U.S. Dollar Index (DXY 81.14, +0.35, +0.43%) , tracking the U.S. currency against a basket of six others, rose 0.4%. Treasurys rose, pushing the yield on the 10-year note down to 3.33%. Gold futures edged up while crude-oil futures slipped. Among stocks in focus, Borders Group (BGP 0.92, +0.06, +6.86%) climbed 6.9% after The Wall Street Journal, citing people familiar with the matter, reported that the bookstore chain has been in discussions with restructuring advisers about ways to rework its balance sheet. Liz Claiborne (LIZ 6.00, -0.01, -0.17%) tumbled 13%. The apparel maker cut its operating income forecast for the second half of 2010, citing “clearly disappointing” direct-to-consumer sales in December.
Friday's Closing Dow Numbers:
AT&T T $28.85 -0.30 1.03% 47,506,257 NYSE
Alcoa AA $16.42 +0.06 0.37% 36,139,004 NYSE
American Express AXP $44.36 -0.37 0.83% 6,387,555 NYSE
Bank of America BAC $14.25 -0.19 1.32% 391,703,695 NYSE
Boeing BA $69.38 +0.58 0.84% 6,793,239 NYSE
Caterpillar CAT $93.73 +0.19 0.2% 4,545,761 NYSE
Chevron CVX $91.19 +0.50 0.55% 6,344,053 NYSE
Cisco CSCO $20.97 +0.02 0.1% 67,701,811 NASDAQ-GS
Coke KO $62.92 -0.11 0.17% 8,290,645 NYSE
Disney DIS $39.45 -0.20 0.5% 6,598,606 NYSE
DuPont DD $49.76 -0.22 0.44% 5,041,486 NYSE
Exxon XOM $75.59 +0.41 0.55% 19,290,958 NYSE
GE $18.43 -0.13 0.7% 57,309,640 NYSE
Hewlett-Packard HPQ $45.09 +0.21 0.47% 22,265,913 NYSE
Home Depot HD $34.38 -0.04 0.12% 11,734,753 NYSE
Intel INTC $20.66 0.11 0.53% 74,736,647 NASDAQ-GS
IBM $147.93 -0.73 0.49% 4,133,679 NYSE
JPMorgan JPM $43.64 -0.84 1.89% 69,500,730 NYSE
Johnson & Johnson JNJ $62.6 -0.61 0.97% 11,080,609 NYSE
Kraft KFT $31.19 -0.08 0.26% 6,742,739 NYSE
McDonald's MCD $74.37 +0.16 0.22% 11,267,230 NYSE
Merck MRK $37.35 +0.29 0.78% 12,752,880 NYSE
Microsoft MSFT $28.6 -0.22 0.76% 73,746,318 NASDAQ-GS
Pfizer PFE $18.34 +0.16 0.88% 130,695,824 NYSE
Procter & Gamble PG $64.5 -0.19 0.29% 11,933,975 NYSE
3M MMM $86.23 +0.09 0.1% 3,340,428 NYSE
Travelers TRV $53.33 -1.06 1.95% 8,480,367 NYSE
United Technologies UTX $79.08 -0.07 0.09% 2,771,709 NYSE
Verizon VZ $35.93 -0.30 0.83% 29,068,590 DualListed
Walmart WMT $54.08 +0.12 0.22% 7,960,395 NYSE
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The following are excerpts from Fri. morning's Blog.
A read of the print editions of Friday'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 Thursday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,697.31 down 25.58 points or 0.22% from Wednesday's close of 11,722.89. For the year the Dow is up 1.03%. Of the 30 Dow Jones component companies 7 gained and 2 declined. The biggest gainer dollar-wise was IBM $148.66 +1.61 1.09% 5,028,901 NYSE and percentage-wise was Boeing BA $68.8 +1.32 1.96% 7,500,573 NYSE. The biggest decliner dollar-wise and percentage-wise was Verizon VZ $36.23 -1.44 3.82% 35,697,198 Dual Listed.
WSJ pC5 "Dow breaks win steak" by Kristina Peterson says the Dow posted its first down session of the year on Thurs as retail and telecom shares sagged & eurozone debt worries resurfaced. The S&P 500 telecom sector tumbled nearly 2.8% as AT&T fell 40 cents after cutting its price for Apple's iPhone 3GS to $49 from $99 as it prepares for competition from a Verizon Wireless iPhone launch expected early this year. Verizon fell 95 cents.
NYT pB6 "Shares mixed as investors wait to see jobs report" by Reuters says 2 of the major indexes slipped Thurs as soft retail sales & a sharp rise in the dolalr left investors edgy a day before the Dec jobs report.
Fin Times p22 "Upbeat jobs news offsets weak festive retail sales figures" by Hannah Kuchler says Gap, Target & macy's were among the retail stocks that fell afer weak festive holiday trading but positive news from the jobs market helped US stocks pare losses. Microsoft climbed 2.9% while the makers of ARM processors also gained as a decision by Microsoft to sue a different processor in the next version of its Windows os buoyed some tech stocks.
Inv. Bus Daily pA1 "Nasdaq up, but other indexes fall in rising vol" by Paul Whitfield says stocks sent mixed messages Thurs as it stays in a confirmed uptrend.
USA Today p4B "Dow, S&P slip, but Nasdaq manages gain" by Bloomberg says stocks dipped Thurs after the S&P 500 hits its most expensive valuation since June & Dec sales trailed estimates at retailers, outweighting growing optimism on the jobs market.
Thursday's Dow Jones Industrial Average closing numerator was 1,545.56 down 3.50 from Wednesday's closing numerator of 1,548.94. 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 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $51.52 down $0.11 from Wednesday's Dow Jones Industrial Average average closing price of $51.63. The median closing price of Thursday's Dow Jones Industrial Average was $44.80 (HPQ/AXP up $0.36 from Wednesday's median closing price of $44.44. The lowest volume was Travelers TRV $54.39 -0.85 1.54% 3,358,588 NYSE and the highest volume was again Bank of America BAC $14.44 -0.06 0.41% 241,467,316 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 $338 ($154,894 - $154,556).
MarketWatch Thursday 1/6/11 5:32 by Kristina Peterson says the Dow Jones Industrial Average posted its first down session of the year on Thursday as retail and telecommunications shares lagged and euro-zone debt worries resurfaced. The blue-chip stock index (DJIA 11,697, -25.58, -0.22%) closed down 25.58 points, or 0.22%, to 11,697.3. The Nasdaq Composite (COMP 2,710, +7.69, +0.29%) edged up 7.69, or 0.28% to 2,709.89. The Standard & Poor’s 500-stock index (SPX 1,274, -2.71, -0.21%) shed 2.71, or 0.21%, to 1,273.85. The S&P 500’s telecommunications sector declined nearly 2.8%. Leading the declines, MetroPCS Communications (PCS 13.31, +0.01, +0.08%) tumbled 6.7% after the prepaid wireless provider disclosed its fourth-quarter subscriber growth slowed from the prior period.AT&T Inc. (T 29.22, +0.07, +0.24%) shares fell 1.4% after cutting its price for Apple Inc.’s (AAPL 333.75, +0.02, +0.01%) iPhone 3GS to $49 from $99 as the carrier prepares for heightened competition from a Verizon Wireless iPhone launch expected early this year. Verizon Communications (VZ 36.36, +0.13, +0.36%) , which operates Verizon Wireless as a joint venture with Vodafone (VOD 27.53, -0.03, -0.11%) , slid 2.6%. Retailers also lagged in the wake of a soft round of December same-store sales figures, which largely fell short of analysts’ expectations. “I don’t know if that says more about the retailers or about the expectations,” said Max Bublitz, chief markets strategist at SCM Advisors. The recent crop of better-than-expected economic data may have spurred too much optimism for consumer spending, he said. “Expectations are probably beginning to exceed reality a little bit,” Bublitz said. Gap Inc. (GPS 20.78, +0.08, +0.39%) shares fell 6.9% after the apparel retailer reported a surprise drop in December sales, with particular weakness at its namesake stores in North America. Target Corp. gt (TGT 55.05, +0.12, +0.22%) shares dropped 6.8% after same-store sales increased only 0.9% last month, falling far short of analysts’ estimates. Department-store operators were largely lower after same-store figures missed analysts’ expectations. Macy’s Inc. (M 24.00, +0.03, +0.13%) fell 4%, while Kohl’s Corp. (KSS 52.42, +0.19, +0.36%) shed 3.1% after missing Street expectations, though the retailer raised the low end of its earnings forecast for the fourth quarter. A handful of teen retailers also came in below Street forecasts, including Zumiez Inc. (ZUMZ 24.37, -0.07, -0.29%) , which plunged 8.4% and Wet Seal (WTSLA 3.49, +0.03, +0.87%) , down 12%. However, investors noted that ferocious snowstorms in late December may have pushed some post-holiday shopping into January. Worries in the euro-zone debt markets flared up after the European Union proposed a framework for dealing with bank and investment-firm failures that asked whether bondholders should share the burden in paying for future bailouts. “People are realizing there’s still risk,” said Pete Sorrentino, senior portfolio manager at Huntington Funds. “There’s still some concerns that are not over with, and that’s sobered some people up.” The worries weighed on the euro and boosted the dollar. Investors, fresh off a run of three straight days of gains for the Dow, pulled away from riskier assets. The U.S. Dollar Index (DXY 80.83, +0.04, +0.05%) , which tracks the currency against a basket of six others, rose 0.7%. The euro (EURUSD 1.3003, +0.0002, +0.0154%) was recently trading at $1.3012, down from $1.3155 late Wednesday in New York.
In U.S. economic data, Thursday’s weekly jobless-claims report fueled mounting hopes that the labor market is strengthening. The number of U.S. workers filing new claims for jobless benefits rose slightly less than economists’ expected, though the previous week’s figures were revised modestly upward. The weekly jobs data came on the heels of an unexpected surge Wednesday in private-sector jobs last month, which prompted optimistic investors to revise upward their estimates for Friday’s key government nonfarm-payrolls report. Among stocks in focus, shares of graphic-chip maker Nvidia Corop. (NVDA 19.41, +0.08, +0.41%) rallied 14% after the company announced late Wednesday that it is developing its first computer processor aimed at mainstream computing, a move that makes the company a direct challenger to Intel Corp. (INTC 20.68, -0.09, -0.43%) and Advanced Micro Devices (AMD 8.71, +0.02, +0.23%) . Shares of Intel fell 0.8%, while Advanced Micro Devices slid 2.5%. Shares of TJX Cos. (TJX 44.80, -0.72, -1.58%) , parent of off-price chains T.J. Maxx and Marshalls, gained 5.9% after raising its earnings outlook for the fourth quarter, pointing to growth in the number of customer transactions.
Shares of seed giant Monsanto Co. (MON 70.72, -0.07, -0.10%) rose 2.4% after the company swung to a first-quarter profit, boosted by growth in its seeds and genomics business. Crude-oil prices (CLG11 88.09, -0.29, -0.33%) fell to settle below $89 a barrel, while gold futures for February delivery (GCG11 1,369, -2.50, -0.18%) also declined.
Demand for Treasurys rose, pushing yield on the 10-year note (UST10Y 3.41, +0.00, +0.06%) down to 3.40%.
Thursday's Closing Dow Numbers and Friday's News:
AT&T T $29.15 -0.83 2.77% 40,767,165 NYSE: WSJ pC5 "Dow breaks win steak" by Kristina Peterson says the Dow posted its first down session of the year on Thurs as retail and telecom shares sagged & eurozone debt worries resurfaced. The S&P 500 telecom sector tumbled nearly 2.8% as AT&T fell 40 cents after cutting its price for Apple's iPhone 3GS to $49 from $99 as it prepares for competition from a Verizon Wireless iPhone launch expected early this year. Verizon fell 95 cents.
Alcoa AA $16.36 -0.20 1.21% 37,663,609 NYSE: No mentions found.
Amex AXP $44.73 -0.31 0.69% 6,349,831 NYSE: No mentions found.
Bank of Am BAC $14.44 -0.06 0.41% 241,467,316 NYSE: USA Today p2B "BofA tests menu ofo ptions for checking" by AP says BofA is rolling out a pilot program in 3 saes taht will offer its customers a menu of checking accounts with a variety of fee options.
Boeing BA $68.8 +1.32 1.96% 7,500,573 NYSE: Daily Rpt p8 "Boeing mroe than triples orders" by Bloomberg says Boeing sold more than 3 times as many planes in '10 as the prior year and beat its delivery target as air travel demand recovered. Boeing had 530 net orders up from 142 order in '09.
Caterpillar CAT $93.54 -0.98 1.04% 4,106,365 NYSE: No mentions found.
Chevron CVX $90.69 -0.75 0.82% 6,221,625 NYSE: No mentions found.
CSCO $20.95 -0.18 0.87% 65,829,824 NASDAQ-GS: No mentions found.
Coke KO $63.03 -0.46 0.72% 10,858,292 NYSE: Fin Times p16 "Coke taps into tasate for fresh alternative" by Stefan Wagstyl says Coke is launching Pulpy in China after a good rollout in Latin America and other countries.
DIS $39.65 -0.31 0.78% 14,737,627 NYSE: No mentions found.
DuPont DD $49.98 -0.24 0.48% 6,122,545 NYSE: No mentions found.
Exxon XOM $75.18 +0.48 0.64% 22,519,125 NYSE: WSJ pB3 "Oil spll report could limit BP payout" by Guy Chazan says the US president'l comm. report on the BP oil spill says BP wasn't guilty of gross negligence. Exxon's CEO Rex Tillerson criticized parts of the report that cited industrywide problems saying "ths is not an industrywide problem.
GE $18.56 -0.08 0.43% 39,635,088 NYSE: WSJ pA12 "Flying the GE skies" editor says Congress should not fund $450 for a second Pratt & Whitney (Ubnited Technologies) jet in addition to the one for the F-35 Fighter being built by GE.
Hewlett-Packard HPQ $44.88 +0.68 1.54% 19,195,424 NYSE: Fin Times p10 "In touch with connectivity" by Chris Nuttall says tablet computers and making devices work together are big themes at this year's Consumer Electronics Show profiles the Hewlett-Packard Pavilion dm1 that gives the performance of a notebook with the mobility of a netbook and sells for $450.
Home Dep HD $34.42 -0.14 0.41% 11,529,073 NYSE: No mentions found.
Intel INTC $20.77 -0.17 0.81% 116,663,710 NASDAQ-GS: No mentions found.
IBM $148.66 +1.61 1.09% 5,028,901 NYSE: No mentions found.
JPMorgan JPM $44.48 -0.22 0.49% 31,608,558 NYSE: No mentions found.
Johnson & Johnson JNJ $63.21 -0.10 0.16% 7,603,664 NYSE: WSJ pB2 "JNJ sells US rights to St. Joseph's" by Jonathan Rockoff says the buyer was Ilex Consumer Products, a closely held Baltimore firm for an undisclosed sum to join its ither bath and beauty products such as Colgan.
KFT $31.27 -0.26 0.82% 7,659,036 NYSE: No mentions found.
MCD $74.21 -0.45 0.6% 11,711,097 NYSE: No mentions found.
MRK $37.06 +0.50 1.37% 11,996,727 NYSE: No mentions found.
Microsoft MSFT $28.82 +0.82 2.93% 87,996,572 NASDAQ-GS: Fin Times p14 "Microsoft needs to rethink tablets" by Richard Waters says Microsoft needs a change of tech strategy to give itself a chance to catch up with Apple's iPad. Microsoft's Windows Phone 7 smartphone software was narrowly designed for small screens and its user interface and closely defined hardware requirements are not suitable for tablets.
Fin Times p22 "Upbeat jobs news offsets weak festive retail sales figures" by Hannah Kuchler says Gap, Target & macy's were among the retail stocks that fell afer weak festive holiday trading but positive news from the jobs market helped US stocks pare losses. Microsoft climbed 2.9% while the makers of ARM processors also gained as a decision by Microsoft to sue a different processor in the next version of its Windows os buoyed some tech stocks.
Pfizer PFE $18.18 +0.07 0.39% 116,825,902 NYSE: No mentions found.
Procter & Gam PG $64.69 -0.11 0.17% 11,581,357 NYSE: No mentions found.
MMM $86.14 -0.53 0.61% 3,452,476 NYSE: No mentions found.
Travelers TRV $54.39 -0.85 1.54% 3,358,588 NYSE: No mentions found.
United Tech UTX $79.15 -0.08 0.1% 3,484,145 NYSE: WSJ pA12 "Flying the GE skies" editor says Congress should not fund $450 for a second Pratt & Whitney (Ubnited Technologies) jet in addition to the one for the F-35 Fighter being built by GE.
Verizon VZ $36.23 -1.44 3.82% 35,697,198 DualListed: WSJ pC5 "Dow breaks win steak" by Kristina Peterson says the Dow posted its first down session of the year on Thurs as retail and telecom shares sagged & eurozone debt worries resurfaced. The S&P 500 telecom sector tumbled nearly 2.8% as AT&T fell 40 cents after cutting its price for Apple's iPhone 3GS to $49 from $99 as it prepares for competition from a Verizon Wireless iPhone launch expected early this year. Verizon fell 95 cents.
Inv Bus Daily p1A "4G smart phones touted at CES", NYT pB1 "With Android phones, Verizon is in position to gain lost ground" by Jenna Wortham, USA Today p3B "Verizon shows Xoom tablet, enw Droid" say Verizon showed off the first devices to use the 4G LTE network at the CES, the Motorola Mobility.
WMT $53.96 -0.45 0.83% 15,586,999 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 Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
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
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05