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Post No. 868 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 and Dow 30 component's SEC filings as of January 10, 2011.
The Dow Jones Industrial Average closed Thursday at 12,229.29 down 10.6 points or 0.09% from Wednesday's close of 12,239.89. Of the 30 Dow Jones component companies 14 gained and 16 declined. The biggest gainer dollar-wise and percentage-wise was American Express AXP $46.57 +0.85 1.86% 9,181,468 NYSE. The biggest decliner dollar-wise and percentage-wise was Cisco CSCO $18.92 -3.12 14.16% 559,170,527 NASDAQ-GS.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.95 down from Wednesday's 15.23 (year ago it was 16.26); the P/E estimate is 12.64 unchanged from Wednesday's 12.64 (year ago it was 12.67), and the dividend yield is 2.36 down from Wednesday's 2.36 (last year it was 2.71). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average closing numerator was 1,615.85 down 1.39 from Wednesday's closing numerator of 1,617.24. 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 $53.86 down $0.05 from Wednesday's Dow Jones Industrial Average average closing price of $53.91. The median closing price of Thursday's Dow Jones Industrial Average was $47.56(HPQ/AXP) up 0.53 from Wednesday's median closing price of $47.03. The lowest volume was 3M MMM $90.46 -0.32 0.35% 2,772,258 NYSE and the highest volume was again Bank of America BAC $14.49 -0.15 1.02% 124,176,469 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $139 ($161,585 - $161,724)
MarketWatch Thursday 2/10/11 4:13 by Laura Mandaro says US stocks closed near session highs Thursday, with investors distracted in the final minutes of the trading session by Egyptian President Hosni Mubarak's televised address. The Dow Jones Industrial Average (DJIA 12,229, -10.60, -0.09%) ended its eight-session winning streak off 10.6 points, or 0.1%, at 12,229.29, dragged lower by a 14% drop in Cisco Systems Inc. (CSCO 18.94, +0.02, +0.11%) . Still, that was a recovery for the blue-chip average from an 83-point drop early in the session, as well as a 30-point loss ahead of Mubarak's speech. The S&P 500 (SPX 1,322, +0.99, +0.07%) ended up 1 point at 1,321.87. The Nasdaq Composite (COMP 2,790, +1.38, +0.05%) was up 1.4 points at 2,790.45. "He's shocking investors and blaming the rabble rousers," said Jack Ablin, chief investment officer at Harris Private Bank, of Mubarak's address, in which the Egyptian president said he would transfer power after an election.
Thursday's Closing Dow Numbers:
AT&T T $28.24 +0.27 0.97% 35,226,267 NYSE
Alcoa AA $17.12 -0.04 0.23% 21,547,431 NYSE
American Express AXP $46.57 +0.85 1.86% 9,181,468 NYSE
Bank of America BAC $14.49 -0.15 1.02% 124,176,469 NYSE
Boeing BA $72.66 +0.03 0.04% 4,908,811 NYSE
CAT $100.6 +0.81 0.81% 5,629,483 NYSE
Chevron CVX $96.7 +0.46 0.48% 7,272,219 NYSE
Cisco CSCO $18.92 -3.12 14.16% 559,170,527 NASDAQ-GS
Coke KO $63.54 +0.39 0.62% 9,170,332 NYSE
Disney DIS $43.31 -0.05 0.12% 14,827,632 NYSE
DuPont DD $54.33 +0.50 0.93% 6,812,799 NYSE
Exxon XOM $83.2 +0.65 0.79% 21,013,042 NYSE
GE $21.27 -0.04 0.19% 50,055,479 NYSE
Hewlett-Packard HPQ $48.54 -0.40 0.82% 23,108,709 NYSE
Home Depot HD $37.31 +0.14 0.38% 6,007,101 NYSE
Intel INTC $21.8 +0.34 1.58% 56,455,939 NASDAQ-GS
IBM $164.09 -0.56 0.34% 5,735,450 NYSE
JPMorgan JPM $45.53 +0.42 0.93% 22,597,211 NYSE
JNJ $60.93 +0.05 0.08% 8,621,408 NYSE
KFT $31.11 -0.13 0.42% 16,252,042 NYSE
MCD $75.76 -0.17 0.22% 5,431,725 NYSE
MRK $33.04 -0.05 0.15% 10,812,627 NYSE
MSFT $27.5 -0.47 1.68% 76,597,410 NASDAQ-GS
Pfizer PFE $19.03 -0.02 0.1% 38,875,805 NYSE
Procter & Gam PG $64.58 +0.19 0.3% 10,971,144 NYSE
3M MMM $90.46 -0.32 0.35% 2,772,258 NYSE
Travelers TRV $58.46 -0.35 0.6% 4,191,533 NYSE
United Tech UTX $84.75 +0.77 0.92% 4,413,789 NYSE
Verizon VZ $36.42 -0.26 0.71% 21,525,984 DualListed
WMT $55.59 -1.14 2.01% 15,722,139 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of the print editions of Thursday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report - Ga. (carriers Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 12,239.89 up 6.74 points or 0.06% from Tuesday's close of 12,233.15. For the year the Dow is up 5.72%. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise and percentage-wise was Disney DIS $43.36 +2.18 5.29% 35,739,425 NYSE. The biggest decliner dollar-wise and percentage-wise was Chevron CVX $96.24 -1.50 1.53% 8,232,894 NYSE.
WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
Fin Times p24 "Vibrant picture from Walt Disney sends its hares to a 10 year peak" by Michael Stothard says Disney stock leapt to a 10 year high after it reported strong first quarter earnings, but US equities were lower as energy and material stocks softened.
USA Today p4B "Stocks mixed on worries abut hiring" by AP says stocks closed mixed Wed after the head of the Fed Res said unemployment may remain high for several years.
Wednesday's Dow Jones Industrial Average closing numerator was 1,617.24 up 0.89 from Tuesday's closing numerator of 1,616.35. 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 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $53.91 up $0.03 from Tuesday's Dow Jones Industrial Average average closing price of $53.88. The median closing price of Wednesday's Dow Jones Industrial Average was $47.03(HPQ/AXP) up 0.02 from Tuesday's median closing price of $47.01. The lowest volume was United Technologies UTX $83.98 +0.10 0.12% 3,088,097 NYSE and the highest volume was again Bank of America BAC $14.64 +0.03 0.21% 136,738,540 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 $89 ($161,724 - $161,636.)
MarketWatch Wednesday 2/9/11 4:37 by Kate Gibson says US stocks ended mixed Wednesday as a late rally pushed the Dow into positive territory at the close after a day tempered by downbeat comments from Fed chief Ben Bernanke. “The longer-term picture is still very much intact, with an improving economy and improving earnings leading to higher stock prices,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates. Dow's winning streak on the lineStocks' long winning streak is under pressure, but Disney, Coke, 3M are offering some support. Meanwhile, Bernanke goes up to Capitol Hill. The Dow Jones Industrial Average (DJIA 12,240, +6.74, +0.06%) ended up 6.74 points, or 0.06%, at 12,239.8 with 17 of its 30 components gaining. Advancers on the Dow included Walt Disney Co. (DIS 43.31, -0.05, -0.12%) which reported strong quarterly results and Hewlett-Packard, which introduced its new tablet computing device aimed at Apple’s iPad. On Tuesday, the seventh straight day of rallies, the Dow closed higher with a 5.67% year-to-date gain. That marked the blue-chip index’s longest continuous run-up in almost seven months. Off the Dow on Wednesday, shares of NYSE Euronext Inc(NYX 38.00, -0.10, -0.26%) and Deutsche Boerse AG (DBOEY 8.55, +0.73, +9.34%) gained after the exchanges announced they were in advanced merger talks. If consummated, the deal would create the world’s largest exchange operator by revenue. The Standard & Poor’s 500 Index (SPX 1,321, -3.69, -0.28%) fell 3.69 points, or 0.3%, to 1,320.88 after ending Tuesday at its highest close since June 2008. The index is up for the year, but “still well below the glory days above 1,500,” noted Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The market has lacked a domestic catalyst to trigger selling. That makes it difficult to call this ‘climbing a wall of worry.’ If nothing else, the market has climbed a wall of optimism,” Pado added.
Energy companies weighed the most among the S&P 500’s 10 industry groups, while consumer-discretionary companies paced gains. The Nasdaq Composite Index (COMP 2,789, -7.98, -0.29%) declined 7.98 points, or 0.3%, to 2,789.07. “The last time the Nasdaq touched 2,800, it was November of 2007,” observed Pado. For every stock rising, nearly two fell on the New York Stock Exchange, where volume reached 959 million shares. Speaking before a U.S. House of Representatives panel, Bernanke said that recent declines in the jobless rate offer reason for optimism, but added it would likely be several years before the unemployment rate returns to more normal levels. Read more about Bernanke. “Bernanke remains on message,” said Peter Boockvar, equity strategist at Miller Tabak & Co. Boockvar noted the Fed chief’s “benign view of inflation and concerns with high unemployment” are his reasons for current Fed policy, which includes a plan to buy $600 billion in Treasury debt to spur the economic recovery. “The market has begun to take issue with this outlook,” Boockvar added. Making his first appearance before the new GOP-controlled House, Bernanke told lawmakers they need a “credible program” to cut escalating U.S. debt.
Wednesday's Closing Dow Numbers and Thursday's News:
AT&T T $27.97 +0.06 0.21% 18,612,617 NYSE: NYT pB6 "As Verizon's iPhone sales begin, gauging the effects on AT&T" by Jean Worth, WSJ pC12 "Risk for AT&T in Smartphones' second life" by Martin Peers says AT&T activated 15.2 mil devices in '10, mostly to existing customers. Now that Verizon has begun selling the iPhone, some iPhone owners frustrated with AT&T's network are expected to switch carriers. But Verizon & AT&T use different technology, so anyone switching will have to give up their existing device and buy a new one.
WSJ pC12 "Risk for AT&T in Smartphones' second life" by Martin Peers says AT&T activated 15.2 mil devices in '10, mostly to existing customers. Now that Verizon has begun selling the iPhone, some iPhone owners frustrated with AT&T's network are expected to switch carriers. But Verizon & AT&T use different technology, so anyone switching will have to give up their existing device and buy a new one.
Alcoa AA $17.16 -0.24 1.38% 25,018,451 NYSE: No mentions found.
Amex AXP $45.72 0.-16 0.35% 8,698,834 NYSE: No mentions found.
Bank of Am BAC $14.64 +0.03 0.21% 136,738,540 NYSE: No mentions found.
Boeing BA $72.63 -0.08 0.11% 4,564,557 NYSE: No mentions found.
Caterpillar CAT $99.79 -0.82 0.82% 4,799,478 NYSE: No mentions found.
Chevron CVX $96.24 -1.50 1.53% 8,232,894 NYSE: WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
Cisco CSCO $22.04 +0.05 0.23% 116,013,453 NASDAQ-GS: NYT pB6 "Cisco results top forecasts, but growth is sluggish" by Verne Kopytoff, WSJ pB3 "Cisco profit drops on disappointing sales of switches" by Cari Tuna say Cisco posted an 18% profit drop in its latest quarter amid growing competitive pressures in it core network switching business depiste a 6% increase in overall sales. Fiscal 2Q fell to $1.5 bil or 27 cents a share, from $1.9 bil or 32 cents a share. Rev in the quarter ended Jan 29 rose to $10.4 bil from $9.8 bil a year earlier.
WSJ pC1 "Widening probe snares trader" by Steve Eder says there is an insider trading case involving SAC Capital Advisors who had knowledge about firms including Cisco.
Coke KO $63.15 +0.28 0.45% 14,872,332 NYSE: NYT pB2 "Coke's earnings & revenues soar after buying bottler" by Reuters, Fin Times p18 "Coca-Cola sales sparkle worldwide" by Jonathan Birchall, WSJ pB4 "Coke sales rise globally" by Paul Ziobro say Coke posted solid 4Q global sales growth & continued to take share from PepsiCo in the key N. American market. Coke reported a profit of $5.77 bil or $2.46 a share, up from $1.54 bil or 66 cents a share. Rev increased 40% to $10.5 bil and was up 45%.
WSJ pB4 "Coke tests health tea waters" by Chester Dawson says Cokehas begun selling in the US an unsweetened, blended tea originally developed for health and beauty conscious young japanese women.
WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
Disney DIS $43.36 +2.18 5.29% 35,739,425 NYSE: WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%. Disney was charted under "The Good News" as releasing earnings that showed a surge in 1Q profit and improvement at its media networks and parks segments.
Fin Times p24 "Vibrant picture from Walt Disney sends its hares to a 10 year peak" by Michael Stothard says Disney stock leapt to a 10 year high after it reported strong first quarter earnings, but US equities were lower as energy and material stocks softened.
Fin Times p14 "Disney" says Disney's theme park in Shanghai will cost $4bil and won't be open for about 3 years.
DuPont DD $53.83 +0.12 0.22% 6,656,741 NYSE: No mentions found.
Exxon XOM $82.55 -0.43 0.52% 15,886,210 NYSE: WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
GE $21.31 +0.03 0.14% 60,967,046 NYSE: No mentions found.
Hewlett-Packard HPQ $48.94 +0.80 1.66% 19,276,972 NYSE: USA Today p3B "HP presents its TouchPad, a rival for iPad" by Jon Swartz, NYT pB1 "Playing catch-up, Nokia & HP try to innovate" by Steve Lohr, WSJ pB5 "HP offers tablet, phones" by Ben Worthen say Hewlett-Packard laid out plans to deliver a tablet computer and smartphones featuring a recently acquired operating system.
WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
Home Depot HD $37.17 +0.01 0.03% 6,792,579 NYSE: No mentions found.
Intel INTC $21.46 -0.175 0.81% 44,525,739 NASDAQ-GS: No mentions found.
IBM $164.65 1.40 0.84% 4,629,103 NYSE: No mentions found.
JPMorgan JPM $45.11 -0.63 1.38% 33,456,579 NYSE: WSJ pC3 "JPMorgan seeks to move Madoff suit; bank apologizes over military foreclosures" by Chad Bray says JPMorgan wants to move out of bankruptcy court a lawsuit by the trustee seeking to recover assets for cistims of Madoff's fraud, saying the $6.4 bil lawsuit is an "enormous backdoor class action."
JNJ $60.88 -0.06 0.1% 8,538,600 NYSE: No mentions found.
Kraft KFT $31.24 +0.11 0.35% 6,389,941 NYSE: WSJ pB7 "Advertiers weigh AOL, politics" by Emily Steel says Arianna Huffington has been reaching out to Kraft Foods mentioning her interest in Kraft's Huddle to Fight Hunger marketing campaign, which suported local food banks.
MCD $75.93 +0.57 0.76% 5,840,354 NYSE: No mentions found.
MRK $33.09 -0.18 0.54% 14,121,209 NYSE: No mentions found.
Microsoft MSFT NYSE: WSJ pB1 "Nokia, Microsoft talk cellphones" by Chris Lawon says Nokia Corp. is intalks with Microsoft about using the US software giant's operating system on mobile phones.
WSJ pB3 "Microsoft veteran tapped for key unit" by Steven Jones says Satya Nadella was taped to lead Microsoft's server and tolls unit. He is a 19 year Microsoft veteran will lead MSFT's $15 bil a year unit focused on cloud computing.
Pfizer PFE $19.05 -0.11 0.57% 33,995,903 NYSE: No mentions found.
Procter & Gam PG $64.39 -0.25 0.39% 11,019,366 NYSE: No mentions found.
3M MMM $90.78 +1.31 1.46% 4,779,503 NYSE: WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
Travelers TRV $58.81 +0.93 1.61% 5,340,622 NYSE: WSJ pC9 "Dow win streak reaches 8, barely" by Jonathan Cheng says blue chip stocks squeezed out an 8th consecutive day of gains, as investors welcomed a pair of positive earnings and signals of support for the economy from the Fed Res. Leading the Dow's gains, Disney surged after it reported late Tues that stronger advertising rev for tv and buoyant DVD sales of Toy Story 3 boosted first quarter profit. Coke rose 0.3% after the soft drink maker said 4Q profit more than tripled on benefits related to its acquisition of its biggest bottler's N. American operations, as well as improved demand abroad. Also strong were Dow components Hewlett-Packard, 3M and Travelers, all up 1.5% or more. Weighing on the downside were energy firms. Chevron fell 1.5% and Exxon dropped 0.5%.
United Technologies UTX $83.98 +0.10 0.12% 3,088,097 NYSE:
Verizon VZ $36.68 +0.34 0.94% 14,847,981 Dual Listed: NYT pB6 "As Verizon's iPhone sales begin, gauging the effects on AT&T" by Jean Worth, WSJ pC12 "Risk for AT&T in Smartphones' second life" by Martin Peers says AT&T activated 15.2 mil devices in '10, mostly to existing customers. Now that Verizon has begun selling the iPhone, some iPhone owners frustrated with AT&T's network are expected to switch carriers. But Verizon & AT&T use different technology, so anyone switching will have to give up their existing device and buy a new one.
USA Today p1B "Verizon iPhone 4 launches with a couple of hitches" by Jefferson Graham says fans of the iPhone are expected to line up in droves as the phones go on sale today at Apple & Verizon Wireless stores as well as select Walmart & Best Buy locations.
Walmart WMT $56.73 +0.35 0.62% 8,571,193 NYSE: USA Today p1B "Verizon iPhone 4 launches with a couple of hitches" by Jefferson Graham says fans of the iPhone are expected to line up in droves as the phones go on sale today at Apple & Verizon Wireless stores as well as select Walmart & Best Buy locations.
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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 (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 1/10/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $378.5 [5]
2. Microsoft MSFT 241 [8.5]
3. GE 198 [10.5]
4. WalMart WMT 191.5 [3.5]
5. IBM 183.5 [1]
6. Procter & Gamble PG 182.5 [3]
7. Chevron CVX 182 [2]
8. Johnson & Johnson JNJ 171 [3]
9. JPMorgan Chase JPM 169.5 [4]
10. AT&T T 167.5 [6]
11. Coke KO 146 [2.5]
12. Pfizer PFE 146 [8]
13. Bank of America BAC 145 [10]
14. Intel INTC 115.5 [5.5]
15. Cisco CSCO 115.5 [5.5]
16. Merck MRK 115 [3]
17. Verizon VZ 107 [3]
18. Hewlett-Packard HPQ 98 [2]
19. McDonald's MCD 78 [1]
20. Disney DIS 74.5 [2]
21. United Technologies UTX 72.5 [1]
22. 3M MMM 62 [.5]
23. Caterpillar CAT 59.5 [.5]
24. Home Depot 56.5 [1.5]
25. Kraft KFT 54.5 [2]
26. American Express AXP 53.5 [1]
27. Boeing BA 51 [1]
28. DuPont DD 44.5 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 17 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 1/10/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/21/11 8K re: borrowing up to $8 bil
12/20/11 8K re: purchase of spectrum licenses from Walcomm
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: 12/16/11 8K re acquisition of Loyalty Partner, a marketing firm active in Germany, Poland & India
12/15/11 8K re; delinquency & write-off statistics through 10/31/10
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: 1/3/11 8K re: Agreement with Freddie Mac & Fannie Mae to repurchase $3 bil of loan to settle Countrywide dispute
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: 12/16/10 8K re: Nov. dealer statistics
12/14/10 8K re: changes to By-laws re: holding of Board meetings
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 12/17/10 8K re: pre-arranged exec stock trading plan
11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/15/10 8K re: expiration of tender offer for notes
12/15 & 12/9/10 8Ks re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
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 12/14/10 8K re: issuance of $5 bil of Noes
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: 12/16/10 8K re: departure of Director Sir William M. Castell
11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/15/10 10K
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 Apotheker 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: 1/4/11 8K re: amendment of By-laws to decrease directors to 12
12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignation of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 12/13/10 8K re: termination of Replacement capital Covenants
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: 12/28/10 8K re: expiration & results of tender offer for notes
12/22/10 8K re: adoption of long term exec comp. program
212/13/10 28Ks re: status of tender offerfor notes
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: 12/20/10 8K re: departure and settlement re: Denis Hennequin as Pres. of MCD Europe
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% notes due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staying 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: 12/17/10 8K re: proposed settlement of shareholder derivative lawsuit in US Dist. Ct. SDNY
12/16/10 8K re: election of George A. Lorch as non-Exec Chair
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: 12/14/10 8K re: election of Susan Desmond-Hellmann, 53, Chancellor of U of Cal. SF to Board
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: 12/29/10 8K re: updated fin'l info re: divestiture of properties as a result of acquisition of Alltel Corp. in Jan '09
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