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Post No. 978 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 components' SEC filings as of March 21, 2011.
The Dow Jones Industrial Average closed Wednesday at 12,453.54 up 186.79 or 1.523% from Tuesday's close of 12,266.75. Of the 30 Dow components 24 gained and 6 declined. The biggest gainer dollar-wise was United Technologies UTX $85.9 +3.54 4.3% 7,682,304 NYSE and percentage-wise was Intel INTC $21.41 +1.55 7.8% 174,239,689 NASDAQ-GS. The biggest decliner dollar-wise was IBM $164.75 -0.65 0.39% 10,875,944 NYSE
and percentage-wise was Pfizer PFE $20.39 -0.14 0.68% 64,770,043 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 14.84 up from Tuesday's trailing P/E of 14.71 (year ago it was 17.13); the P/E estimate is 12.65 unchanged from Tuesday's P/E estimate of 12.65 (year ago it was 14.00), and the dividend yield is 2.40 down from Tuesday's dividend yield of 2.41 (last year it was 2.46). 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 1,645.48 up 14.68 from Tuesday's closing numerator of 1,620.80. 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 $54.85 up 0.82 from Tuesnday's average closing price of $54.03. The median closing price of Wednesday's Dow Jones Industrial Average was $45.78 (AXP/JPM) up 0.13 from Tuesday's median closing price of $45.65. The lowest volume was Travelers TRV $59.13 +0.95 1.63% 3,265,965 NYSE and the highest volume was again Bank of America BAC $12.27 -0.07 0.57% 179,693,926 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 $2,468 ($164,548 - $162,080).
MarketWatch Wednesday 4/20/1 5:31 pm by Kristina Peterson says U.S. stocks rallied Wednesday, as strong earnings from the technology sector and a bigger-than-expected rise in existing-home sales sent the Dow Jones Industrial Average to a nearly three-year high Wednesday. The Dow rose 186.79 points, or 1.52%, to 12453.54, its highest closing level since June 5, 2008. According to the chip maker, the company's strong earnings numbers stem from discrepancies in how PC sales are tallied, namely in emerging markets. Intel Corp. shares led the Dow with a 7.8% jump after the chip maker posted first-quarter earnings and revenue above analysts’ expectations, along with a second-quarter revenue outlook that topped Wall Street estimates. United Technologies Corp. rose 4.3%, also supporting the Dow, as the maker of elevators and airplane engines posted first-quarter earnings above Wall Street expectations on strong revenue growth and margin expansion. Earnings from Dow-component International Business Machines IBM +0.46% also exceeded expectations, but the technology giant’s shares slipped 0.4% as the company didn’t lift its full-year forecast by as much as some investors had hoped, and services signings disappointed. The Nasdaq Composite jumped 57.54, or 2.10%, to 2,802.51, its biggest one-day percentage gain since Oct. 5. The Standard & Poor’s 500-stock index added 17.74, or 1.35%, to 1,330.36. The technology sector led the advance, as the stronger-than-expected earnings and revenue growth from Intel and IBM boosted sentiment for the quarterly results to come from others in the sector. Shares of Apple, which released its first-quarter numbers after Wednesday’s close, climbed 1.4%. Read more on Apple. U.S. economic data also provided a lift after the National Association of Realtors said existing-home sales increased 3.7% in March from February. Economists had expected a smaller increase. The U.S. dollar sank against both the yen and the euro . The U.S. Dollar Index , which tracks the currency against a basket of others, fell 0.7%. Wednesday’s climb in U.S. stocks followed gains in European and Asian markets. It also helped the Dow, Nasdaq Composite and S&P 500 erase their declines from Monday, when Standard & Poor’s Ratings Services cut its outlook on U.S. government debt.
Wednesday's Closing Dow Numbers:
AT&T T $30.13 -0.18 0.59% 31,211,175 NYSE
Alcoa AA $16.64 +0.20 1.22% 26,158,402 NYSE
Amex AXP $47 +0.36 0.77% 8,119,646 NYSE
Bank of America BAC $12.27 -0.07 0.57% 179,693,926 NYSE
Boeing BA $75.07 +1.92 2.62% 6,332,199 NYSE
Caterpillar CAT $108.28 +2.18 2.05% 5,286,692 NYSE
Chevron CVX $107.81 +2.41 2.29% 6,622,051 NYSE
CSCO $16.93 +0.32 1.93% 85,847,447 NASDAQ-GS
Coke KO $67.85 +0.7601 1.13% 6,377,757 NYSE
Disney DIS $42.04 +0.69 1.67% 7,395,558 NYSE
DuPont DD $55.37 +0.70 1.28% 6,076,898 NYSE
Exxon XOM $85.65 +1.85 2.21% 15,362,632 NYSE
GE $20.4 +0.1301 0.64% 55,497,872 NYSE
Hewlett-Packard HPQ $40.89 +0.8999 2.25% 14,163,046 NYSE
Home Depot HD $37.94 +0.17 0.45% 8,881,525 NYSE
Intel INTC $21.41 +1.55 7.8% 174,239,689 NASDAQ-GS
IBM $164.75 -0.65 0.39% 10,875,944 NYSE
JPMorgan JPM $44.56 -0.0901 0.2% 35,513,332 NYSE
JNJ $64.39 +1.70 2.71% 26,652,631 NYSE
KFT $33.56 +0.16 0.48% 9,235,768 NYSE
MCD $78.4 +1.8001 2.35% 7,930,570 NYSE
MRK $34.04 +0.2901 0.86% 14,192,718 NYSE
MSFT $25.76 +0.61 2.43% 61,459,435 NASDAQ-GS
Pfizer PFE $20.39 -0.14 0.68% 64,770,043 NYSE
Procter & Gamble PG $63.72 -0.14 0.22% 8,838,514 NYSE
MMM $93.76 +1.90 2.07% 3,592,755 NYSE
Travelers TRV $59.13 +0.95 1.63% 3,265,965 NYSE
United Technologies UTX $85.9 +3.54 4.3% 7,682,304 NYSE
Verizon VZ $37.79 +0.55 1.48% 14,871,662 DualListed
WMT $53.69 +0.34 0.64% 7,373,889 NYSE
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The following are excerpts from Wednesday morning's Blog.
A read of the print editions of Wednesday's Wall Street Journal, Financial Times, New York Times, USA Today, Investor's Business Daily, Atlanta Journal Constitution & Daily Report (Georgia -carries 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 Tuesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 12,266.75 up 65.16 or 0.53% from Monday's close of 12,201.59. For the year the Dow is up 5.95%. Of the 30 Dow components 20 gained, AT&T was unchanged and 9 declined. The biggest gainer dollar-wise and percentage-wise was Johnson & Johnson JNJ $62.69 +2.23 3.69% 26,083,137 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $58.18 -0.83 1.41% 3,250,400 NYSE.
WSJ pC5 "Blue chips bounce back as J&J leads stocks higher" by Jonathan Cheng says stocks clawed back some of Mon's losses, as some positive earnings news helped buoy the market. The modest gains came one day after the Dow fell 140 points on credit ratings firm S&P decision to lower its outlook on the US gov's triple A credit rating. Johnson & Johnson is charted under Good news as it posted a drop i net, but results beat Street expectations. It gained $2.23 Energy stocks were strong as Oil jumped to over $108 a barrel. Exxon gained 70 cents and Chevron added 90 cents. JPMorgan gained 69 cents.
Fin Times p22 "J&J earnings cheer puts S&P 500 back in the black" by Michael Stothard says strong quarterly earnings from J&J and healthy housing data heped the wider US markets pare some of the sharp losses seen in the prior session. J&J's shares since Jan '10 are charted. Industrial stocks were higher as Caterpillar was up 2.1%.
NYT pB4 "Shaking off S&P view, shares ris eon earnings & Housing" by Christine Hauser says stocks on Wall St rose on Tues as investors focused on corp earnings & the economy, moving on from the negative credit rating outlook given to the US the previous day. Bank of America declined 0.64% and JPMorgan was up 1.57%. Alcoa rose 2% and J&J rose more than 3%.
Inv. Bus. Daily pA1 "Stocks bounce back, but trade falls" by Vincent Mao says stocks recovered some of their prior session losses Tues amid a round of mixed earnings reports and better than expected housing data. Stocks rose in lower trade while the current outlook remains an uptrend under pressure.
USA Today p4B "Stocks rise as earnings come on strong" by Bloomberg says US stocks rose Tues as benchmark indexes rebounded from the worst declines in a month, after housing starts increased & earnings beat estimates at firms like Johnson & Johnson to Steel Dynamics.
Tuesday's Dow Jones Industrial Average closing numerator was 1,620.80 up 8.61 from Monday's closing numerator of 1,612.19. 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 $54.03 up 0.30 from Monday's average closing price of $53.73. The median closing price of Tuesday's Dow Jones Industrial Average was $45.65 (AXP/JPM) up 0.64 from Monday's median closing price of $45.01. The lowest volume was 3M MMM $91.86 +0.41 0.45% 2,435,097 NYSE and the highest volume was again Bank of America BAC $12.34 -0.08 0.64% 182,112,057 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 $861 ($162,080 - $161,219).
MarketWatch Tuesday 4/19/1 5:19 pm by Kate Gibson says U.S. stocks closed moderately higher Tuesday after better-than-forecast earnings from Dow component Johnson & Johnson and ahead of reports from blue-chip technology giants International Business Machines Corp. and Intel Corp.
The Dow Jones Industrial Average ended up 65.16 points, or 0.5%, to 12,266.75, with 20 of its 30 components notching gains. It was a partial recovery from the prior session, during which the average lost 140 points after Standard & Poor’s lowered its outlook on long-term U.S. sovereign credit. Johnson & Johnson shares led Dow gainers with a 3.7% rise, advancing after the health-care company’s results topped analysts’ expectations with first-quarter sales and adjusted profit; J&J’s management also raised its 2011 earnings forecast. That outlook and anticipation of results from tech bellwethers due after the close of regular trading helped Wall Street recover some lost ground. “This is an earnings-driven market at this point, and some of the commentary out of the companies isn’t as bad as we expected, and forecasts going forward are reasonable,” said Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital. “IBM and Intel for the tech sector will give us some clarity tonight,” said Forrest of the results expected after the close. IBM is a “superbellwether,” in that its businesses include hardware, software and related services, she added. Results issued over the past week have been patchy. Late Monday, chip manufacturer Texas Instruments Inc. / warned of slower-than-usual quarterly sales growth. “Japan continues to be an issue for companies like Texas Instruments that sell a lot of their products there,” according to Forrest. But Japan’s economy impacts other sectors, “like automotive and other export-oriented goods. People may have anticipated Japan Inc. to have shut down, and it really hasn’t, and that is giving people some hope for the second half,” she said. The Nasdaq Composite Index gained 9.59 points, or 0.4%, to 2,744.97. Johnson & Johnson's first-quarter earnings declined 23% from a year-earlier period that was boosted by a litigation gain, while a series of product recalls continued to hamper sales growth. The S&P 500 Index SPX +0.57% rose 7.48 points, or 0.6%, to 1,312.62, with materials up the most. Telecommunications was the only sector among 10 to drop. Buoying materials stocks, steel makers U.S. Steel Corp. and AK Steel Holding Corp. AKS -0.50% gained more than 4% each after Steel Dynamics Inc. reported a surge in profit, thanks in part to rising prices for the metal. Read more on Steel Dynamics, rally in steel stocks. Zions Bancorp shares climbed 3.9% after the regional bank reported a profitable first quarter compared with a year-ago loss. Harley Davidson Inc. shares fell 5.3% after the motorcycle maker missed analysts’ estimates in reporting a near-tripling of quarterly income. Goldman Sachs Group Inc. also reported earnings that surpassed estimates, with the investment bank tallying a 21% decline in first-quarter profit, a drop less than analysts had expected. Read more on Goldman’s drop in quarterly earnings after payment of preferred dividends. Advancers outpaced decliners by almost 2 to 1 on the New York Stock Exchange, where 848 million shares traded hands, or 90% of the past month’s volume. Oil prices turned higher, with crude futures for May delivery rising $1.03 to end at $108.15 a barrel on the New York Mercantile Exchange. Nearly two years into the economic recovery, the Commerce Department reported builders broke new ground on a seasonally adjusted 549,000 units in March, with the highest count in six months for housing starts topping expectations. PulteGroup Inc. shares gained 5.1%, making the home builder’s stock the second-best performer on the S&P 500.Noting that stock-index futures added to their gains after the government’s housing report, which came an hour ahead of Wall Street’s start, one analyst found reason to be wary in the data. “House prices are in the process of double-dipping and banks are on the cusp of another round of mortgage write-downs, and the last thing we need are brand-new homes,” wrote Peter Boockvar, managing director at Miller Tabak, in an emailed note. Wall Street on Monday came under steep selling pressure after a credit-rating warning on U.S. debt followed a move by China to hike its bank-reserve requirements and increased concern about European debt. Making the morning rounds on the major business networks Tuesday, Treasury Secretary Timothy Geithner dismissed the notion that the nation’s triple-A credit rating might be in jeopardy, saying both political parties agree on the need for reform to bring down long-term debt.
Tuesday's Closing Dow Numbers and Wednesday's News:
At&t T $30.31 unch unch 23,748,781 NYSE: No mentions found.
Alcoa AA $16.44 +0.31 1.92% 23,755,188 NYSE: NYT pB4 "Shaking off S&P view, shares ris eon earnings & Housing" by Christine Hauser says stocks on Wall St rose on Tues as investors focused on corp earnings & the economy, moving on from the negative credit rating outlook given to the US the previous day. Bank of America declined 0.64% and JPMorgan was up 1.57%. Alcoa rose 2% and J&J rose more than 3%.
Amex AXP $46.64 +0.58 1.26% 7,586,940 NYSE: No mentions found.
Bank of America BAC $12.34 -0.08 0.64% 182,112,057 NYSE: NYT pB4 "Shaking off S&P view, shares ris eon earnings & Housing" by Christine Hauser says stocks on Wall St rose on Tues as investors focused on corp earnings & the economy, moving on from the negative credit rating outlook given to the US the previous day. Bank of America declined 0.64% and JPMorgan was up 1.57%. Alcoa rose 2% and J&J rose more than 3%.
Boeing BA $73.15 +0.36 0.49% 4,353,043 NYSE: No mentions found.
Caterpillar CAT $106.1 +2.20 2.12% 7,152,997 NYSE: Fin Times p22 "J&J earnings cheer puts S&P 500 back in the black" by Michael Stothard says strong quarterly earnings from J&J and healthy housing data heped the wider US markets pare some of the sharp losses seen in the prior session. J&J's shares since Jan '10 are charted. Industrial stocks were higher as Caterpillar was up 2.1%.
Chevron CVX $105.4 +0.90 0.86% 4,995,765 NYSE: WSJ pC5 "Blue chips bounce back as J&J leads stocks higher" by Jonathan Cheng says stocks clawed back some of Mon's losses, as some positive earnings news helped buoy the market. The modest gains came one day after the Dow fell 140 points on credit ratings firm S&P decision to lower its outlook on the US gov's triple A credit rating. Johnson & Johnson is charted under Good news as it posted a drop i net, but results beat Street expectations. It gained $2.23 Energy stocks were strong as Oil jumped to over $108 a barrel. Exxon gained 70 cents and Chevron added 90 cents. JPMorgan gained 69 cents.
CSCO $16.61 -0.12 0.72% 76,250,943 NASDAQ-GS: No mentions found.
Coke KO $67.0899 -0.2201 0.33% 5,348,676 NYSE: No mentions found.
Disney DIS $41.35 +0.15 0.36% 6,907,384 NYSE: No mentions found.
DuPont DD $54.67 +0.87 1.62% 4,166,506 NYSE: No mentions found.
Exxon XOM $83.8 +0.70 0.84% 12,779,349 NYSE: WSJ pC5 "Blue chips bounce back as J&J leads stocks higher" by Jonathan Cheng says stocks clawed back some of Mon's losses, as some positive earnings news helped buoy the market. The modest gains came one day after the Dow fell 140 points on credit ratings firm S&P decision to lower its outlook on the US gov's triple A credit rating. Johnson & Johnson is charted under Good news as it posted a drop i net, but results beat Street expectations. It gained $2.23 Energy stocks were strong as Oil jumped to over $108 a barrel. Exxon gained 70 cents and Chevron added 90 cents. JPMorgan gained 69 cents.
Fin Times p13 "BP lost time on wrong fixes for Gulf spill, Exxon chief claims" says BP lost valuable time at the height of its accident in the Gulf of Mexico last year pursuing solutions that were never going to succeed said Exxon's CEO Rex Tillerson.
GE $20.2699 +0.2899 1.45% 63,468,037 NYSE: WSJ pB1 "GE SeaCo draws several bidders" says the auction of GE SeaCo, a shipping container lessor co-owned by GE has gone to the 2nd round,, with 4 bidders bidding. The firm could get up to $1 bil.
WSJ pB1 "Strings attached to options grant for Ge's Immelt" by Andrew Dowell says $7.4 mil of options were granted to GE CEO Jeff Immelt in Mar '10 and due to criticism there are now new conditions on them based on additional peformance conditions.
Hewlett-Packard HPQ $39.9901 +0.2401 0.6% 13,487,492 NYSE: No mentions found.
Home Depot HD $37.77 +0.01 0.03% 6,977,938 NYSE: No mentions found.
Intel INTC $19.86 +0.24 1.22% 78,339,332 NASDAQ-GS: NYT pB3 "Intel's quarterly profits are lifted by sales of chips for high end servers" by Laurie J. Flynn, USA Today p1B "Intel earnings, outlook beat forecasts", Inv. Bus Daily pA2 "Inel sales, demand top views", WSJ pC14 "A premature party for Intel" by Rolfe Winkler say Intel's shares were up 55 in the aftermarket after it posted strong 1Q rev growth as rev was 6% above expectations but due to weak sales of PCs, 70% of rev, the rest of the year looks less rosy. Intel's rev climbed 25% to $12.85 bil soothing fears that growing sales of smartphones and tablets wold hurt sales of Intel's more powerful PC chips.
IBM $165.4 -0.54 0.33% 6,306,510 NYSE: Inv. Bus. Daily pA1 & A4 "IBM's latest results handily beat views: BRIC sales up 26%", USA Today p1B "IBM results, forecast improve" say IBM's 1Q EPS climbed 21% to $2.41, beating estimates by 11 cents. Rev rose 8% to $24.6 bil. Sales were up 9% to $10.3 bil in the Americas, up 3% to $7.8 bil in Europe, the M. East & Africa and up 12% to 5.9 bil in the Asia Pacific region. IBM ended the quarter with $13.2 bil in cash. Net income rose 10% to $2.9 bil. Rev rose 8% to $24.6 bil
WSJ pB1 "Dollars flow back into ech" by Spencer Ane says IBM and Intel both saw a big boost in spending from businesses in the 1Q, especially on servers and machines.
JPMorgan JPM $44.6501 +0.6901 1.57% 26,697,102 NYSE: WSJ pC5 "Blue chips bounce back as J&J leads stocks higher" by Jonathan Cheng says stocks clawed back some of Mon's losses, as some positive earnings news helped buoy the market. The modest gains came one day after the Dow fell 140 points on credit ratings firm S&P decision to lower its outlook on the US gov's triple A credit rating. Johnson & Johnson is charted under Good news as it posted a drop i net, but results beat Street expectations. It gained $2.23 Energy stocks were strong as Oil jumped to over $108 a barrel. Exxon gained 70 cents and Chevron added 90 cents. JPMorgan gained 69 cents.
NYT pB4 "Shaking off S&P view, shares ris eon earnings & Housing" by Christine Hauser says stocks on Wall St rose on Tues as investors focused on corp earnings & the economy, moving on from the negative credit rating outlook given to the US the previous day. Bank of America declined 0.64% and JPMorgan was up 1.57%. Alcoa rose 2% and J&J rose more than 3%.
Johnson & Johnson JNJ $62.69 +2.23 3.69% 26,083,137 NYSE: WSJ pB4 "J&J profit falls, forecast boosted" by Peter Loftus, NYT pB7 "J&J profit tops estiamtes on prescription drug sales" by Reuters, say for 1Q J&J earned $3.48 bil or $1.25 a sahre, vs $4.53 bil or $1.62 a year earlier. Is 1Q earnings fell 23% from a year earlier when results were helped by a litigation gain, while a weaker dollar & higher drug sales helped offset the drag on rev from product recalls. J&J boosted its full year earnings forecast, citing currency trends & improvements in J&J's underlying biz.
WSJ pC5 "Blue chips bounce back as J&J leads stocks higher" by Jonathan Cheng says stocks clawed back some of Mon's losses, as some positive earnings news helped buoy the market. The modest gains came one day after the Dow fell 140 points on credit ratings firm S&P decision to lower its outlook on the US gov's triple A credit rating. Johnson & Johnson is charted under Good news as it posted a drop i net, but results beat Street expectations. It gained $2.23 Energy stocks were strong as Oil jumped to over $108 a barrel. Exxon gained 70 cents and Chevron added 90 cents. JPMorgan gained 69 cents.
USA Today p4B "Stocks rise as earnings come on strong" by Bloomberg says US stocks rose Tues as benchmark indexes rebounded from the worst declines in a month, after housing starts increased & earnings beat estimates at firms like Johnson & Johnson to Steel Dynamics.
Fin Times p22 "J&J earnings cheer puts S&P 500 back in the black" by Michael Stothard says strong quarterly earnings from J&J and healthy housing data heped the wider US markets pare some of the sharp losses seen in the prior session. J&J's shares since Jan '10 are charted. Industrial stocks were higher as Caterpillar was up 2.1%.
NYT pB4 "Shaking off S&P view, shares ris eon earnings & Housing" by Christine Hauser says stocks on Wall St rose on Tues as investors focused on corp earnings & the economy, moving on from the negative credit rating outlook given to the US the previous day. Bank of America declined 0.64% and JPMorgan was up 1.57%. Alcoa rose 2% and J&J rose more than 3%.
KFT $33.4 +0.18 0.54% 9,922,671 NYSE: No mentions found.
McDonalds MCD $76.5999 -0.4001 0.52% 4,816,218 NYSE: Inv. Bus. Daily pA2 "McDonald's" drew thousands of applicants during its first national Hiring Day to hire 50,000 workers.
Merck MRK $33.7499 -0.1801 0.53% 15,177,714 NYSE: No mentions found.
MSFT $25.15 +0.07 0.28% 38,819,380 NASDAQ-GS: No mentions found.
Pfizer PFE $20.53 +0.13 0.64% 33,034,083 NYSE: No mentions found.
Procter & Gamble PG $63.86 -0.14 0.22% 9,286,389 NYSE: WSJ pB6 "Procter & Gamble gives razor war with Schick a push" by Paul Ziobro says P&G has renewed marketing support for its Gillette Fusion ProGlide whose successful launch has been tripped up by supply constraints.
3M MMM $91.86 +0.41 0.45% 2,435,097 NYSE: No mentions found.
Travelers TRV $58.18 -0.83 1.41% 3,250,400 NYSE: No mentions found.
United Technologies UTX $82.36 +0.66 0.81% 3,410,862 NYSE: No mentions found.
Verizon VZ $37.24 -0.07 0.19% 10,442,655 DualListed: No mentions found.
Walmart WMT $53.35 +0.04 0.08% 6,108,788 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. (Chicago, 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 as of 3/21/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $401 [5]
2. Procter & Gamble PG 243 [4]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 207 [2]
5. GE 204 [10.5]
6. IBM 190 [1]
7. WalMart WMT 184 [3.5]
8. JPMorgan Chase JPM 182 [4]
9. AT&T T 165 [6]
10. Pfizer PFE 161 [8]
11. Johnson & Johnson JNJ 160 [3]
12. Coke KO 144 [2.5]
13. Bank of America BAC 142 [10]
14. Intel INTC 111 [5.5]
15. Verizon VZ 101 [3]
16. Merck MRK 98 [3]
17. Cisco CSCO 95 [5.5]
18. Hewlett-Packard HPQ 89 [2]
19. Disney DIS 78 [2]
20. McDonald's MCD 76 [1]
21. United Technologies UTX 74 [1]
22. Caterpillar CAT 67 [.5]
23. 3M MMM 63 [.5]
24. Home Depot HD 59 [1.5]
25. Kraft KFT 54 [2]
26. American Express AXP 53 [1]
27. Boeing BA 51 [1]
28. DuPont DD 49 [1]
29. Travelers TRV 25 [.5]
30. Alcoa AA 17 [1]
Here are the latest 8K, 10Q & 10K & Proxy SEC filings as of 3/21/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark
3/7/11 8K re; departure of Richard G. Lindner as CFO to be replaced by John T. Stephens
3/1/11 10K re: Fiscal year ended 12/31/10
Alcoa AA: 3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA
2/17/11 10K re: Fiscal year ended 12/31/10
2/11/11 8K re: resignation of Carlos Ghosen, CEO of Nissan, from Board of Directors
2/3/11 8K re: FD disclosaure re: flat rolled growth opport'ties in Europe
1/25/11 & 1/21/11 8Ks re: contributions to pension plan
American Express AXP: 3/18/11 8K re: Reg. FD disclosures re: its Comprehensive Capital Plan re: share repurchases & dividends
3/15/11 8K re: delinquency & write-off statistics for 3 months ended 2/28/11
3/4/11 Prelim Proxy Statement re: Shareholder Meeting to be held 5/2/11 in NYC
2/2811 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: delinquency & write0off statistics for 3 months ended 1/31/11
1/18/11 8K re: comp to CEO Chanault
Bank of Am BAC: 3/17/11 8K re: issuance of $1.5 bil of 3.625% of Senior Notes due 2016
3/16/11 8K re: election of Mukesh D. Ambani to Board of Directors & Compensation & Benefit Committee & Audit Committee
1/31/11 8K re: compensation of officers
1/21/11 8K re: 4Q & FY 2010 results
Boeing BA: 3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago
2/9/11 10K & 1/26/11 8K re: 12/31/10 results & FY 2011 guidance
1/11/11 8K re: resignation of William M. Daley from Board to be Chief of Staff to Pres. Obama
Caterpiller CAT: 3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics
2/22/11 10K re: Fiscal year ended 12/31/10
2/18/11 8K re: dealer statistics for January
Chevron CVX:
2/24/11 10K re: Fiscal year ended 12/31/10
2/1/11 8K re: compensation to officers including CEO John Watson
Cisco CSCO 3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20
3/16 & 3/15 8Ks re: issuance of debt securities
3/9/11 8K re: recasting of fin'l stmts due to combining Asia Pacific & Japan operations
2/23/11 8K re: election of Gary B. Moore as COO
2/23/11 10Q re: Quarter ended 1/29/11
Coke KO 3/10/11 Proxy Statement re: Annual Meeting of Shareholders to be held 4/27/11 in Atlanta
2/28/11 10K re: Fiscal year ended 12/31/10
2/17/11 8K re: election of Evan G. Greenberg to Board of Directors & Audit Comm.
2/17/11 8K re: Amendment of Stock Option Plan
Disney DIS 3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.
3/2/11 Proxy Materials re: shareholder proposal re: exec compensation
2/25/11 8K re: $2.25 bil 4 year Credit Agreement
2/8/11 10Q & 2/8/11 8K re: 1Q results
1/28/11 Proxy statement for annual shareholder meeting to be held 3/23/11 at Salt Lake City, Utah
DuPont DD: 3/18/11 Proxy re: Annual Stockholders Meeting to be held on 4/27/11 in Wilmington, DE
3/8/11 8K re: retirement of Samuel W. Bodman & John T. Dillon from Board of Directors due to reaching age 72
2/8/11 10K re FY 12/31/10
1/27/11 8K re: compensation for CEO Ellen Kullman
1/25/11 8K re: results for quarter ended 12/31/10
1/12/11 8K re: acquisition of Danish firm, Danisco
12/10 8K re: retirement of Jeffrey L. Keefer as EVP
ExxonMobil XOM: 3/15/11 8K re: results of operations presentation at analyst meeting
2/28 10K/A & 2/25 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: FD Disclosure re: worldwide proved oil and gas reserve
GE: 3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah
2/25/11 10K re: Fiscal year ended 12/31/10
2/14/11 8K re: amendments to bylaws re: calling of special meetings of shareholders
1/31/11 8K re: closing of Comcast deal giving it control of NBC Universal
Hewlett-Packard HPQ: 3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.
3/11/11 & *k 2/22/11 re: Quarter ended 1/31/11
2/1/11 Proxy statement re: 3/23/11 shareholders meeting
1/20/11 8K re: election of 5 new members to Board of Directors
Home Depot HD: 3/2/11 8K re: approval of Stock Option Plan
2/22/11 8K re: fin'l results of fiscal year & quarter ended 1/30/11
1/12/11 8K re: promotion of Aaron Carmack as Pres. of Home Depot Canada
Intel INTC: 2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10
IBM: 3/18/11 8K re: settlement with SEC of bribery charges in Asia for $10 mil
3/8/11 8K re: FD disclosure re: presentation at investor briefing
3/7/11 Proxy rel Annual Stockholders Meeting on 4/26 in St. Louis, Mo.
2/22/11 10K re: Fiscal year ended 12/31/10
JPMorganChase JPM: 2/28/11 10K re: fiscal year ended 12/31/10
2/24/11 8K re: clsoing of public offering of $3 bil of 3.45% Notes due 2016
Johnson & Johnson JNJ : 3/16/11 Proxy re: Annual Shareholders Meeting on 4/28 in New Brunswick, NJ
3/10/11 8K re: Entering into a consent decree with the FDA regarding its oversight of JNJ's McNeil Unit plants in Puerto Rico and Pennslyvania
2/25/11 10 K e: fiscal year ended 1/2/11
Kraft KFT: 3/14/11 8K re: departure of CFO timothy R. McLevish to be replaced by David A. Brearton
2/28/11 10K re: Fiscal year ended 12/31/10
2/22/11 8K re: FD disclosure re: presentation at Consumer Analyst Group of NY
McDonalds MCD: 3/9/11 8K re: FD disclosure re: comparable sales rising 3.9% in Feb.
3/3/11 Proxy re: Annual Meeting of Shareholders on 5/19/11 at Oak Brook, Ill.
2/25/11 10K re: fiscal year ended 12/31/10
2/8/11 8K re: Jan 2011 global sales
Merck MRK: 2/28/11 10K re: Fiscal year ended 12/31/10
Microsoft MSFT: 2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016
1/27/11 10 & 1/27/11 8K for quarter ended 12/31/10
Pfizer PFE: 2/28/11 10K re: fiscal year ended 12/31/10
Procter & Gamble PG: 3/1/11 8K re: resignation of Rajat KJ. Gupta from Board of Directors
2/11/11 8K re: election of Meg Whitman to Board of Directors
3M MMM: 3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline
2/16/11 10K re: Fiscal year ended 12/31/10
2/16/11 & 2/15/11 four 8Ks re: adoption by four executives of pre-arranged trading programs
Travelers TRV: 2/17/11 10K re: Fiscal year ended 12/31/10
1/28/11 8K re: departure of Blythe McGarvie from Board
1/25/11 8K results of 4Q
United Technologies UTX: 2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ
2/10/11 10K for FY 12/31/10
Verizon Communications Inc. VZ: 3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)
2/28/11 10K re: fiscal year ended 12/31/10
2/3/11 8K re: increase to stock repurchase program
WalMart WMT: 2/22/11 8K re: revising fin'l info for prior operating results