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Post No. 854 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 Wednesday at 12,041.97 up 1.8 points or 0.02% from Wednesday's close of 12,040.16. Of the 30 Dow Jones component companies 11 gained and 19 declined. The biggest gainer dollar-wise was Caterpillar CAT $99.09 +1.08 1.1% 6,522,106 NYSE and percentage-wise was Disney DIS $40.49 +0.61 1.53% 15,334,559 NYSE. The biggest decliner dollar-wise was Exxon XOM $83.41 -0.50 0.6% 18,147,132 NYSE and percentage-wise was Pfizer PFE $18.96 -0.26 1.35% 72,984,747 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.68 up from Tuesday's 14.50 (year ago it was 16.74); the P/E estimate is 12.63 unchanged from Tuesday's 12.63 (year ago it was 12.99), and the dividend yield is 2.39 down from yesterday's 2.42 (last year it was 2.66). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,591.10 up 0.24 from Tuesday's closing numerator of 1,590.86. 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 $53.04 up $0.01 from Tuesday's Dow Jones Industrial Average average closing price of $53.03. The median closing price of Wednesday's Dow Jones Industrial Average was $46.17 (HPQ/JPM) down 0.03 from Tuesday's median closing price of $46.20. The lowest volume was United Technologies UTX $82.16 +0.33 0.4% 2,745,789 NYSE and the highest volume was again Bank of America Bank of America BAC $14.24 -0.07 0.49% 138,648,341 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 $24 ($159,110 - $159,086).
MarketWatch Wednesday 2/2/11 4:25 by Jonathan Cheng says The Dow Jones Industrial Average inched up in choppy trading to claim its fifth gain in six sessions, as investors paused following a strong run-up and new uncertainty in Egypt. The blue-chip Dow edged up 1.81 points, or 0.02%, to finish at 12041.97, a 30-month high, as investors kept an eye on violent clashes erupting on the streets of Cairo. Leading the advancers among the Dow components were Walt Disney, Caterpillar and Boeing, each up 1% or more. The market's ability to hold its ground after Tuesday's strong gains -- the Dow's biggest one-day gain in two months -- reflected continued optimism and inflows into the domestic equity market, investors said. But it also raised questions about how sustainable the recent gains have been. "I wouldn't be surprised to see some sort of a pullback sooner than what people are predicting," said Dorsey Farr, partner at Atlanta investment advisory French Wolf & Farr. "It doesn't look like northern Africa is going to be that trigger, though it may be too early to say that. But when markets are higher, they're more suspectible to some far-off event." Crude oil edged up to just short of $91 a barrel, while the Market Vectors Egypt Index, an exchange-traded fund of Egypt-related stocks, fell 68 cents, or 3.7%, to $17.84 on heavier-than-usual volume.
The Nasdaq Composite Index finished a touch lower, off 0.04% at 2750.16, while the Standard & Poor's 500-stock index slipped 3.56 points, or 0.27%, at 1304.03. The S&P 500's decline was shallow but broad-based, with all but one of its 10 sectors trading lower. Genworth Financial was the biggest decliner among S&P 500 companies, tumbling 1.18, or 8.5%, to 12.76 after reporting a surprise fourth-quarter loss and saying the insurer wouldn't split in two until results improve. Electronic Arts rose 2.47, or 16%, to 18.09 after the videogame publisher said late Tuesday that its fiscal third-quarter loss widened as sales fell, but it announced a better-than-expected forecast for the current quarter and a plan to spend $600 million buying back its stock. Mattel rose 22 cents, or 0.9%, to 24.37 after the toy maker reported improved sales across its major divisions and increased its dividend 11%, raising the quarterly payout to 23 cents a share. Hershey was up 1.47, or 3.1%, to 48.61 after fourth-quarter earnings rose 6.9% as the candy maker posted sharply lower restructuring charges, while sales and margins both improved. Media company Time Warner rose 2.79, or 8.6%, to 35.10 after fourth-quarter profit rose 22% and adjusted results topped expectations amid strength at its networks businesses. Whirlpool fell 1.82, or 2.1%, to 83.60. Its fourth-quarter earnings rose a smaller-than-expected 80%, though revenue topped estimates as cost-cutting and higher unit volume offset higher materials costs. The company projected earnings for the year well ahead of the Street forecast. Investors were awaiting earnings from Visa and News Corp., which owns the publisher of The Wall Street Journal and this newswire, after the market close. The market also digested the increase of 187,000 private-sector jobs in January, the 12th consecutive month of private-sector employment growth, though the initial December estimate was lowered. The encouraging private-sector jobs number comes ahead of initial jobless claims data on Thursday and the closely-watched official monthly jobs number on Friday. "The concern for Friday is that the market has really moved up in anticipation of the economic data," Mr. Glazer said. "If you look at prices, clearly they've priced in a recovery in the jobs market." In Europe, the Stoxx Europe 600 edged up 0.1%. In Asia, Tokyo's Nikkei Stock Average and Hong Kong's Hang Seng Index both rose 1.8%. The yield on the benchmark 10-year Treasury rose to above 3.5% in intraday trading, finishing at 3.491%, from 3.435% late Tuesday. The dollar strengthened slightly against its major rivals, pushing the euro down to $1.3805, from $1.3831 late Tuesday.
Wednesday's Closing Dow Numbers:
AT&T T $27.67 -0.20 0.72% 23,287,549 NYSE
Alcoa AA $17.21 -0.11 0.64% 26,355,726 NYSE
Amex AXP $43.72 +0.12 0.28% 6,758,425 NYSE
BofA BAC $14.24 -0.07 0.49% 138,648,341 NYSE
Boeing BA $71 +0.71 1.01% 4,155,209 NYSE
Caterpillar CAT $99.09 +1.08 1.1% 6,522,106 NYSE
Chevron CVX $96.48 +0.26 0.27% 6,573,032 NYSE
CSCO $21.62 +0.15 0.7% 41,158,855 NASDAQ-GS
Coke KO $62.86 -0.19 0.3% 7,766,464 NYSE
Disney DIS $40.49 +0.61 1.53% 15,334,559 NYSE
DuPont DD $51.85 +0.19 0.37% 5,039,263 NYSE
Exxon XOM $83.41 -0.50 0.6% 18,147,132 NYSE
GE $20.71 -0.09 0.43% 42,139,902 NYSE
Hewlett-Packard HPQ $46.89 +0.37 0.8% 11,769,905 NYSE
Home Depot HD $36.56 -0.43 1.16% 7,754,202 NYSE
Intel INTC $21.56 +0.08 0.37% 46,580,725 NASDAQ-GS
IBM $163.3 -0.26 0.16% 3,898,430 NYSE
JPMorgan JPM $45.45 -0.48 1.05% 23,781,707 NYSE
JNJ $60.62 -0.01 0.02% 9,949,667 NYSE
KFT $30.555 -0.115 0.37% 5,506,681 NYSE
McDonalds MCD $73.64 +0.17 0.23% 5,798,574 NYSE
MRK $33.82 -0.18 0.53% 13,726,291 NYSE
MSFT $27.94 -0.0525 0.19% 45,748,093 NASDAQ-GS
Pfizer PFE $18.96 -0.26 1.35% 72,984,747 NYSE
Procter & Gamble PG $62.79 -0.13 0.21% 11,599,151 NYSE
MMM $87.75 -0.04 0.05% 2,889,261 NYSE
Travelers TRV $56.71 -0.10 0.18% 8,821,908 NYSE
United Technologies UTX $82.16 +0.33 0.4% 2,745,789 NYSE
Verizon VZ $36.16 -0.11 0.3% 11,683,565 DualListed
WMT $55.86 -0.47 0.83% 14,019,354 NYSE
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The following are excerpts from Wednesday morning's Blog.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 12,040.16 up 148.23 points or 1.25% from Monday's close of 11,891.93. For the year the Dow is up 4.0%. Of the 30 Dow Jones component companies 27 gained and 3 declined. The biggest gainer dollar-wise was Exxon XOM $83.91 +3.23 4% 40,827,812 NYSE and percentage-wise was Pfizer PFE $19.22 +1 5.49% 134,506,141 NYSE. The biggest decliner dollar-wise and percentage-wise was Procter & Gamble PG $62.92 -0.21 0.33% 14,628,632 NYSE.
WSJ pC5 "Pfizer, Exxon lead march to 12000" by Kristina Peterson says strong earnings from Pfizer and encouraging manufacturing data overshadowed fears abotu the Mid East to lift the Dow to the first close over 12000 in 2 and 1/2 years. Pfizer rose after its 4Q profit tripled though it gave a cautious outlook for the coming 2 years and said it would cut research spending and shift billions of dollar bo buying back its stock. Pfizer is charted under Good News. Exxon was the Dow's biggest gainer and the only components to decline, 3M McDoanld's & Procter & Gamble each fell 0.3% or less.
Fin Times p24 "Materials strengths helps S&P 500 push through key 1,300 barrier" by Michael Stothrad say US equities strode forward for the 2nd day in a row as investor sentiment was lifted by a series of strong earnings reports from industry heavy weights & promising manufacturing data. Pfizer, the world's largest drugmaker, reports that its 4Q profit more than tripled from a year earlier sending shares up 5.5%. Pfizer had income of $2.89 bil or 36 cents a share up from $767 mil or 10 cents a share a year earlier. However, it gave a '11 profit forecast that was below analysts' expectations. Merck gained 1.7% as pharma sector rose.
NYT pB9 "Dow & S&P close at highest levels since '08" by Reuters says the Dow and the S&P 500 closed at their highest levels in more than 2 years on Tues, helped by strong corp earnings reports and signs of a surge in manufacturing.
USA Today p4B "Dow blasts above 12000 once again" by Bloomberg says stocks rose Tues, pushing the Dow above 12000 the first since June '08, after American and Chinese manufacturing expanded and UPS beat analysts' earnings estimates.
Tuesday's Dow Jones Industrial Average closing numerator was 1,590.86 up 19.59 from Monday's closing numerator of 1,571.27. 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 Tuesday's Dow Jones Industrial Average was $53.03 up $0.65 from Monday's Dow Jones Industrial Average average closing price of $52.38. The median closing price of Tuesday's Dow Jones Industrial Average was $46.20 (HPQ/JPM) up 0.88 from Monday's median closing price of $45.32. The lowest volume was 3M MMM $87. NYSE and the highest volume was again Bank of America Bank of America BAC $14.31 +0.58 4.22% 211,862,229 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made 1,946 ($158,086 - $157,140).
MarketWatch Tuesday 2/1/11 5:15 by Kate Gibson says US stocks surged Tuesday, with the Dow closing above 12,000 for the first time since mid-2008, after manufacturing data shifted investors’ gaze toward the global recovery. “Strong breadth out of the gate followed by a stronger-than-expected ISM [Institute for Supply Management] data set the tone for today’s great leap forward,” said Elliot Spar, market strategist at Stifel, Nicolaus & Co. Oil markets are nervously keeping an eye on the unrest in Egypt and how it might affect the Suez Canal and Sumed pipeline, which combined carry upwards of 3 million barrels of oil a day. The Dow Jones Industrials Average (DJIA 12,040, +148.23, +1.25%) rose 148.23 points, or 1.3%, to 12,040.16, its first close above 12,000 since June 19, 2008. The blue-chip benchmark crossed but failed to close above 12,000 on Friday, when it finished down 166.13 points, or 1.4%, breaking an eight-week winning run. Tuesday’s equities market was also bolstered after United Parcel Service Inc. (UPS 74.55, -0.04, -0.05%), the biggest package delivery company on the globe, reported a quarterly profit that beat expectations and projected record-high profit in 2011. On Monday, the Dow polished off its first January-month gain in 14 years, an ending that bodes well for the remainder of the year if historical trends persist, given its January performance usually predicts the outcome of the full year, a scenario that failed to materialize the past two years. On Tuesday, all but three of the blue-chip index’s 30 components were higher, led by Pfizer Inc. (PFE 19.14, -0.08, -0.42%) , up 5.5%, after the pharmaceutical giant posted a higher fourth-quarter profit and set a $5 billion buyback program. Read more about Pfizer’s results. Procter & Gamble Co. (PG 62.93, +0.01, +0.02%) shares were the worst Dow performer, edging back 0.3%.The Standard & Poor’s 500 Index (SPX 1,308, +21.47, +1.67%) gained 21.47 points, or 1.7%, to 1,307.59, its first close above 1,300 since Aug. 28, 2008.
Natural-resource companies and financials rose the most among the S&P’s 10 industry groups, with consumer staples the worst-performing sector.
The Nasdaq Composite Index (COMP 2,751, +51.11, +1.89%) added 51.11 points, or 1.9%, to 2,751.19.For every stock on the decline, more than five gained on the New York Stock Exchange, where 1 billion shares traded.The rally in equities came after data showing increased manufacturing in China as well as the United States, with Asian and European markets gaining ahead of Wall Street’s open.The Institute for Supply Management’s January manufacturing index for the U.S. came in better than expected, rising to 60.8% from 58.5% in December. “Today’s report was encouragingly strong and supports the general idea that, for now, the worst of the global recession is behind us and the U.S. is set to expand yet again,” said Dan Greenhaus, chief economic strategist at Miller Tabak & Co. Separately, the Commerce Department reported that construction spending fell 2.5% in December. In Egypt, several hundred thousand demonstrators gathered in the largest protest yet against President Hosni Mubarak’s rule. Mubarak later told television viewers he would not seek re-election.“Investors apparently have grown bored with the Middle East, preferring to focus on the improving U.S. economy instead,” Kevin Giddis, executive managing director at Morgan Keegan & Co. Inc., wrote in a note.
Tuesday's Closing Dow Numbers and Wednesday's News:
AT&T T $27.87 +0.35 1.27% 26,398,104 NYSE: WSJ pB7 "Battling a wireless deluge" by Cari Tuna says as cellular networks grapple with a deluge of daa traffic from smartphones, a growing number of firms are offering to help wireless carriers shift the heavy load to a longtime Internet standby: Wi-Fi which will benefit suppliers of technology including Cisco. AT&T which has struggled to overcome complaints about network congestion in May launched a Wi-Fi hotzone, an industry term for a large, outdoor hotspot in NYC's Times Square to test the technology as a supplement ot its cellular coverage.
WSJ pC14 "Are more cloud deals on horizon?" by Rolfe Winkler says Verizon Communications acquisition of Terremark Worldwide for $2 bil make cause other acquisitions for cloud data centers. Rival AT&T already sells cloud services and seems an unlikely acquirer in the area. IBM may bid for Rackspace Hosting or Savvis.
Alcoa AA $17.32 +0.75 4.53% 55,766,524 NYSE: No mentions found.
American Express AXP $43.6 +0.22 0.51% 11,406,034 NYSE: No mentions found.
Bank of America BAC $14.31 +0.58 4.22% 211,862,229 NYSE: No mentions found.
Boeing BA $70.29 +0.81 1.17% 4,780,802 NYSE: No mentions found.
Chevron CVX $96.22 +1.29 1.36% 9,947,161 NYSE: No mentions found.
CSCO $21.47 +0.32 1.51% 40,519,766 NASDAQ-GS: WSJ pB7 "Battling a wireless deluge" by Cari Tuna says as cellular networks grapple with a deluge of daa traffic from smartphones, a growing number of firms are offering to help wireless carriers shift the heavy load to a longtime Internet standby: Wi-Fi which will benefit suppliers of technology including Cisco. AT&T which has struggled to overcome complaints about network congestion in May launched a Wi-Fi hotzone, an industry term for a large, outdoor hotspot in NYC's Times Square to test the technology as a supplement ot its cellular coverage.
Coke KO $63.05 +0.20 0.32% 8,012,920 NYSE: No mentions found.
DIS $39.88 +1.01 2.6% 9,282,981 NYSE: No mentions found.
DuPont DD $51.66 +0.98 1.93% 7,933,023 NYSE: No mentions found.
Exxon XOM $83.91 +3.23 4% 40,827,812 NYSE: WSJ pC5 "Pfizer, Exxon lead march to 12000" by Kristina Peterson says strong earnings from Pfizer and encouraging manufacturing data overshadowed fears abotu the Mid East to lift the Dow to the first close over 12000 in 2 and 1/2 years. Pfizer rose after its 4Q profit tripled though it gave a cautious outlook for the coming 2 years and said it would cut research spending and shift billions of dollar bo buying back its stock. Pfizer is charted under Good News. Exxon was the Dow's biggest gainer and the only components to decline, 3M McDoanld's & Procter & Gamble each fell 0.3% or less.
GE $20.8 +0.66 3.28% 68,304,274 NYSE: No mentions found.
Hewlett-Packard HPQ $46.52 +0.83 1.82% 14,484,176 NYSE: No mentions found.
Home Depot HD $36.99 +0.22 0.6% 9,634,776 NYSE: No mentions found.
Intel INTC $21.48 +0.02 0.09% 60,970,917 NASDAQ-GS: No mentions found.
IBM $163.56 +1.56 0.96% 5,832,862 NYSE: WSJ pC14 "Are more cloud deals on horizon?" by Rolfe Winkler says Verizon Communications acquisition of Terremark Worldwide for $2 bil make cause other acquisitions for cloud data centers. Rival AT&T already sells cloud services and seems an unlikely acquirer in the area. IBM may bid for Rackspace Hosting or Savvis.
WSJ pC2 "Two settlements in insider case" by Chad Bray says a former IBM exec has settled a suit by the SEC stemming from an insider trading probe involving the Galleon Group.
JPMorgan JPM $45.93 +0.99 2.2% 28,248,678 NYSE: No mentions found.
JNJ $60.63 +0.86 1.44% 14,780,437 NYSE: No mentions found.
KFT $30.67 +0.10 0.33% 6,912,909 NYSE: No mentions found.
McDonald's MCD $73.47 -0.20 0.27% 8,472,800 NYSE: WSJ pC5 "Pfizer, Exxon lead march to 12000" by Kristina Peterson says strong earnings from Pfizer and encouraging manufacturing data overshadowed fears abotu the Mid East to lift the Dow to the first close over 12000 in 2 and 1/2 years. Pfizer rose after its 4Q profit tripled though it gave a cautious outlook for the coming 2 years and said it would cut research spending and shift billions of dollar bo buying back its stock. Pfizer is charted under Good News. Exxon was the Dow's biggest gainer and the only components to decline, 3M McDoanld's & Procter & Gamble each fell 0.3% or less.
Merck MRK $34 +0.83 2.5% 21,405,184 NYSE: Fin Times p24 "Materials strengths helps S&P 500 push through key 1,300 barrier" by Michael Stothrad say US equities strode forward for the 2nd day in a row as investor sentiment was lifted by a series of strong earnings reports from industry heavy weights & promising manufacturing data. Pfizer, the world's largest drugmaker, reports that its 4Q profit more than tripled from a year earlier sending shares up 5.5%. Pfizer had income of $2.89 bil or 36 cents a share up from $767 mil or 10 cents a share a year earlier. However, it gave a '11 profit forecast that was below analysts' expectations. Merck gained 1.7% as pharma sector rose.
Microsoft MSFT $27.9925 +0.2675 0.96% 62,810,661 NASDAQ-GS: WSJ pB1 "Google says Bing cheated" by Amir Efrati says Google accused Microsoft of copying its Internet search results after i released the results of a test it carried out that purports to show how Bing copies Google's search results. Microsoft denied the allegations.
Pfizer PFE $19.22 +1 5.49% 134,506,141 NYSE: WSJ pB5 "Pfizer cuts R&D, shifts billions to buybacks" by Peter Loftus, Fin Times p24 "Materials strengths helps S&P 500 push through key 1,300 barrier" by Michael Stothrad say US equities strode forward for the 2nd day in a row as investor sentiment was lifted by a series of strong earnings reports from industry heavy weights & promising manufacturing data. Pfizer, the world's largest drugmaker, reports that its 4Q profit more than tripled from a year earlier sending shares up 5.5%. Pfizer had income of $2.89 bil or 36 cents a share up from $767 mil or 10 cents a share a year earlier. However, it gave a '11 profit forecast that was below analysts' expectations. Merck gained 1.7% as pharma sector rose.
Fin Times p19 "Pfizer to close flagship UK research centre" by Andrew Jack says Pfizer will close its flagship research centre in the UK witht he loss of 2,400 jobs, in an embarrassing blow to the British life sciences and the gov. The closure was part of a broader series of cost cutting moves.
Procter & Gamble PG $62.92 -0.21 0.33% 14,628,632 NYSE: WSJ pB3 "P&G realigns main units as a top exec retires" by Ellen Byron says Procter & Gamble unveiled a major reorganization consolidating its 3 global biz divs into 2: beauty & grooming, and household care as Robert Steele, vice chair of its $14.6 bil global health and well-being unit, plans to retire Sept 1.
WSJ pC5 "Pfizer, Exxon lead march to 12000" by Kristina Peterson says strong earnings from Pfizer and encouraging manufacturing data overshadowed fears abotu the Mid East to lift the Dow to the first close over 12000 in 2 and 1/2 years. Pfizer rose after its 4Q profit tripled though it gave a cautious outlook for the coming 2 years and said it would cut research spending and shift billions of dollar bo buying back its stock. Pfizer is charted under Good News. Exxon was the Dow's biggest gainer and the only components to decline, 3M McDoanld's & Procter & Gamble each fell 0.3% or less.
3M MMM $87.79 -0.13 0.15% 3,993,302 NYSE: WSJ pC5 "Pfizer, Exxon lead march to 12000" by Kristina Peterson says strong earnings from Pfizer and encouraging manufacturing data overshadowed fears abotu the Mid East to lift the Dow to the first close over 12000 in 2 and 1/2 years. Pfizer rose after its 4Q profit tripled though it gave a cautious outlook for the coming 2 years and said it would cut research spending and shift billions of dollar bo buying back its stock. Pfizer is charted under Good News. Exxon was the Dow's biggest gainer and the only components to decline, 3M McDoanld's & Procter & Gamble each fell 0.3% or less.
TRV $56.81 +0.55 0.98% 4,064,086 NYSE: No mentions found.
United UTX $81.83 +0.53 0.65% 3,524,691 NYSE: No mentions found.
Verizon VZ $36.27 +0.65 1.82% 16,353,966 DualListed: WSJ pC14 "Are more cloud deals on horizon?" by Rolfe Winkler says Verizon Communications acquisition of Terremark Worldwide for $2 bil make cause other acquisitions for cloud data centers. Rival AT&T already sells cloud services and seems an unlikely acquirer in the area. IBM may bid for Rackspace Hosting or Savvis.
WMT $56.33 +0.26 0.46% 12,851,298 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 (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