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Post No. 992 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, and a ranking of the Dow 30 components by market capitalization as of April 24, 2011 and Dow 30 components' SEC filings as of April 24, 2011.
The Dow Jones Industrial Average closed Thursday at 12,763.31 up 72.35 or 0.57% from Wednesday's close of 12,690.96. Of the 30 Dow components 23 gained and 7 declined. The biggest gainer dollar-wise was Boeing BA $78.55 +2.43 3.19% 7,348,463 NYSE and percentage-wise was NYSE. The biggest decliner dollar-wise and percentage-wise was Hewlett-Packard HPQ $40.53 -0.51 1.24% 19,626,175 NYSE.
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 14.86 up from Wednesday's trailing P/E of 14.80 (year ago it was 16.59); the P/E estimate is 12.68 unchanged from Wednesday's P/E estimate of 12.68 (year ago it was 14.10), and the dividend yield is 2.32 down from Wednesday's dividend yield of 2.34 (last year it was 2.47). 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 1,686.41 up 9.66 from Wednesday's closing numerator of 1,676.85. 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 Thursday's Dow Jones Industrial Average was $56.21 up 0.31 from Wednesday's average closing price of $55.90. The median closing price of Thursday's Dow Jones Industrial Average was $47.19 (AXP/JPM) up 0.63 from Wednesday's median closing price of $46.56. The lowest volume was Travelers TRV $63.06 +0.81 1.3% 2,921,539 NYSE and the highest volume was again Bank of America BAC $12.42 +0.09 0.73% 92,206,450 NYSE.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $966 ($168,641 - $167,685).
MarketWatch Thursday 4/28/1 5:46 pm by Kate Gibson says U.S. stocks closed solidly higher Thursday, pushing the Dow average to its best finish in nearly three years after confidence in corporate results overcame weaker economic data. The Dow Jones Industrial Average DJIA +0.57% closed up 72.35, or 0.6%, to 12,763.31 points, its highest close since May 20, 2008. Twenty-three of the blue-chip components gained, led by Boeing Co. BA -0.19% , DuPont DD -0.02% and American Express Co. AXP +1.89% .
“Overall it’s been a good period, earnings have come in better than expected and the market is just sort of dealing with that right now. We’re very overbought but may have more room to run,” said Robert Pavlik, chief market strategist at Banyan Partners LLC. The Standard & Poor’s 500 Index SPX +0.36% gained 4.82 points to 1,360.48, with financials the best performer and energy the biggest laggard among its 10 industry groups. The S&P 500 closed Wednesday at 1,355.66, twice its bear-market low of 676.53 hit on March 9, 2009, or “doubling the index value in 26 months,” noted Howard Silverblatt, senior index analyst at S&P Indices. The gain of more than 100%, however, “needs to be interpreted with the fact that the index remains 13.38% off its Oct. 9, 2007, high,” Silverblatt added. Echoing a theme from past sessions, rosier outlooks from companies overshadowed dimmer views from the day’s economic data. Shares of Citrix Systems Inc. CTXS +0.70% rose 10% a day after the maker of infrastructure software raised its 2011 outlook.Motorola Solutions MSI +7.46% shares advanced 7.5% after the communications-equipment provider reported results. Read more on Telecom Stocks. Silver's "almost vertical ascent" is just one of many signals suggesting the metal's rally is reaching a top, says Richard Ross, chief technical strategist at Auerbach Grayson. Gold, or better yet, copper, offer better value. Norfolk Southern Corp. NSC -0.50% shares gained 8% after the railway operator reported a first-quarter profit that beat expectations, thanks to better freight demand. Those gains helped lift the Dow Jones Transportation Average DJT +1.18% 1.2% to 5,510, a record high. The Nasdaq Composite Index COMP +0.09% rose 2.65 points, or 0.1%, to 2,872.53, its best since Dec. 12, 2000. For every 11 stocks falling, roughly 19 gained on the New York Stock Exchange, where 961.8 million shares traded. Earlier in the day, the Commerce Department reported the U.S. economy grew at a 1.8% annual rate in the first quarter, softer than the 3.1% pace for the prior three months. Separately, the Labor Department said the number of Americans filing for initial jobless claims last week rose 25,000 to 429,000, the highest total since late January. “These data points should not materially affect investor earnings expectations in coming quarters but point to the fact that the economy is growing at a lot slower rate than normally seen during the end of the second year of an economic expansion,” said Fred Dickson, chief investment strategist at Davidson Cos. The dollar index DXY -0.60% fell, while gold futures GCM11 +0.27% rose to end at $1,531.2 an ounce and crude oil CLM11 -0.14% slipped back below $113 a barrel in New York. The recent spike in commodities could prove temporary, given that the Federal Reserve plans to halt its $600 billion bond-buying program, also known as quantitative easing. The Federal Open Market Committee, which finished its two-day policy meeting Wednesday, agreed that the Treasury purchases would end as planned in June, saying the rise in commodity prices would likely have a transitory effect on inflation. Pavlik at Banyan Partners concurred the rise in prices would probably be temporary, as the Fed’s program weakened the U.S. dollar, making alternative assets more appealing, and therefore the reverse would likely to come into play once the Fed’s program ends. “The market is thinking oil prices may start to move lower as the dollar strengthens as QE2 nears its end. That is why you started to see comments by big investment firms calling for a pullback in oil prices,” said Pavlik.
Thursday's Closing Dow Numbers:
Closing Price & Change & % Change Volume
AT&T T $31.37 -0.05 0.16% 24,043,946 NYSE
Alcoa AA $17.09 -0.09 0.52% 17,728,226 NYSE
American Express AXP $48.52 +0.90 1.89% 8,472,758 NYSE
Bank of America BAC $12.42 +0.09 0.73% 92,206,450 NYSE
Boeing BA $78.55 +2.43 3.19% 7,348,463 NYSE
Caterpillar CAT $112.64 +0.03 0.03% 6,260,867 NYSE
Chevron CVX $108.81 -0.16 0.15% 5,942,053 NYSE
Cisco CSCO $17.29 +0.10 0.58% 52,848,855 NASDAQ-GS
Coke KO $67.41 +0.41 0.61% 7,024,526 NYSE
Disney DIS $43.02 +0.44 1.03% 6,528,616 NYSE
DuPont DD $56.75 +1.13 2.03% 7,291,380 NYSE
Exxon XOM $87.34 -0.44 0.5% 18,705,519 NYSE
GE $20.6 -0.05 0.24% 42,100,165 NYSE
Hewlett-Packard HPQ $40.53 -0.51 1.24% 19,626,175 NYSE
Home Depot HD $37.47 +0.15 0.4% 9,685,294 NYSE
Intel INTC $22.8 +0.17 0.75% 54,866,759 NASDAQ-GS
IBM $170.78 +0.41 0.24% 5,088,716 NYSE
JPMorgan JPM $45.85 +0.35 0.77% 19,847,232 NYSE
Johnson & Johnson JNJ $65.38 -0.19 0.29% 13,090,654 NYSE
Kraft KFT $33.6 +0.03 0.09% 10,124,970 NYSE
McDonald's MCD $78.03 +0.16 0.21% 3,988,059 NYSE
Merck MRK $35.77 +0.14 0.39% 13,449,097 NYSE
Microsoft MSFT $26.71 +0.33 1.25% 79,873,252 NASDAQ-GS
Pfizer PFE $20.83 +0.20 0.97% 34,497,431 NYSE
Procter & Gamble PG $64.5 +0.48 0.75% 13,367,267 NYSE
3M MMM $97.23 +0.76 0.79% 3,578,701 NYSE
Travelers TRV $63.06 +0.81 1.3% 2,921,539 NYSE
United Technologies UTX $89.01 +1.15 1.31% 4,006,499 NYSE
Verizon VZ $38.27 +0.02 0.05% 11,618,593 DualListed
Walmart WMT $54.69 +0.27 0.5% 9,809,283 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of the print editions of Thursday's Wall Street Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, 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 Wednesday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 12,690.96 up 95.59 or 0.76% from Tuesday's close of 12,595.37. For the year the Dow is up 9.62%. Of the 30 Dow components 28 gained, United Technologies was unchanged and Cisco declined. The biggest gainer dollar-wise was IBM $170.37 +1.88 1.12% 5,289,856 NYSE and percentage-wise was GE $20.65 +0.55 2.74% 87,789,427 NYSE. The only decliner dollar-wise and percentage-wise was Cisco CSCO $17.19 -0.33 1.88% 97,429,819 NASDAQ-GS.
WSJ pC1 "Small caps at peak after fed Q&A" by Tom Lauricella says the Fed Res suggested that US interest rates aren't rising any time soon and investors took it as a green light to continue bingeing on high yielding, risky investments.
NYT pB8 "Fed maintains policy, and the markets surge" by AP says stocks rose to another high after the Fed Res chiar, Ben Bernanke said that officials expected the economy to continue recovering as the jobs market strengthened. Earnings results were mixed. Boeing rose less than 1% after reporting earnings that beat analysts expectations and said it expected to deliver its delayed 787 aircraft in 3Q. Johnson & john son rose slightly after it said it would buy Synthes.
Inv. Bus. Daily pA1 "Leaders show 2nd wind as stocks rise" by David Saito-Chung says the NASDAQ nothced its 6th gain in a row and leading stocks flexed their muscle after the Fed announced no change to its easy money policy in actin that was broad and a current outlook that is still in a confirmed uptrend.
Fin Times p12 "amazon out in front as nasdaq composite hits a 10 year high" by Michael Stothard says Amazon lead the gains on Wall St after investors responded positively to its 1Q earnings. Boeing profits in 1Q exceed Wall St's expectations.
USA Today p4B "S&P rises, doubles its bear market low" by Bloomberg says US stocks rose Wed giving the S&P index the 5th gain in 6 sessions, as the Fed renewed its pledge to stimulate growth with low rates 7 said a pickup in inflation is likely temporary. GE added 55 cents after saying it wants to continue to boost its dividend.
Wednesday's Dow Jones Industrial Average closing numerator was 1,676.85 up 12.63 from Tuesday's closing numerator of 1,664.22. 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 $55.90 up 0.43 from Tuesday's average closing price of $55.47. The median closing price of Wednesday's Dow Jones Industrial Average was $46.56 (AXP/JPM) up 0.45 from Tuesday's median closing price of $46.11. The lowest volume was Travelers TRV $62.25 +0.86 1.4% 3,069,270 NYSE and the highest volume was again Bank of America BAC $12.33 +0.10 0.82% 118,108,148 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 $1,263 ($167,685 - $166,422).
MarketWatch Wednesday 4/27/1 4:18 pm by Laura Mandaro says U.S. stocks closed solidly higher Wednesday, picking up steam in the final hour of trading, after Federal Reserve Ben Bernanke told reporters he didn't know when the Fed would start to tighten interest rates. The Dow Jones Industrial Average ended up 95.59 points, or 0.8%, to 12,690.96, getting a small lift after the Fed's policy statement said the central bank would keep rates ultralow for an extended period, and then gaining pace after the news conference. The S&P 500 rose 8.42 points, or 0.6%, to 1,355.66. The Nasdaq Composite rose 22.34, or 0.8%, to 2,869.88, its highest close since December 2000.
Wednesday's Closing Dow Numbers:
Closing Price & Change & % Change Volume
AT&T T $31.42 +0.48 1.55% 28,346,386 NYSE: WSJ pB3 "High court gives business new shiled" by Jess Bravin, NYT pB3 "Supreme Court allows contracts that prohibit class action arbitration" by Adam Liptak, USA Today p3B "Justices limit class actions" by Joan Biskupic say the Concepion family sued AT&T over deceiving them saying their cell phones were free when they were hit with sales tax. The Supreme Court reversed lower courts and said AT&T can prohibit class action arbitration in their consumer contracts which means complaints must be decided one by one.
Alcoa AA $17.18 +0.149 0.87% 18,388,263 NYSE: No mentions found.
American Express AXP $47.62 +0.52 1.1% 4,842,643 NYSE: No mentions found.
Bank of America BAC $12.33 +0.10 0.82% 118,108,148 NYSE: WSJ pC11 "BofA warns of credit card penalty rates" by David Benoit says Bank of America customers who miss a payment on their credit cards will be charged a higher penalty interest rate on future purchases.
Daily Report p6 "Investors stay at bay from bank shares" by Dawn Kopecki, Bloomberg says the biggest percentage drop in quarterly rev in 3 years, driven by lower lending and reduced fees is damping investor appetite for shares of the 6 largest US banks including Bank of America and JPMorgan. BAC declined 5.3% after recording is first profit in three quarters.
Boeing BA $76.12 +0.57 0.75% 7,450,284 NYSE: NYT pB6 "Boeing chief says rivet flaws appear limited to one jet" by Chris Drew, WSJ pB6 "Boeing readies 787 profit picture" by Doug Cameron, Inv. Bus. Daily pA2 "Boeing EPS tops, backlog up", AJC pA16 "Military jet ernings boost Boeing's profits", Fin Times pA14 "Boeing dismisses Airbus move" say Boeing's 1Q profit topped analysts' estimates as military jet earnings blunted declines in the commercial airplanes biz. Net income rose 13% to $586 mil or 78 cents topping the 70 cents estimate. Boeing had earnings last year 1Q of $519 mil or 70 cents a sahre. Rev slipped 2% to $14.9 bil from $15.2 bil. Boeing affirmed its guidance with rev expected to by $68 to $71 bil a year and earnings to be $3.80 to $4 a share. Boeing's 787 test schedule is 95% complete on jets equipped with Rolls Royce engines & 75% complete on versions with GE engines.
NYT pB8 "Fed maintains policy, and the markets surge" by AP says stocks rose to another high after the Fed Res chiar, Ben Bernanke said that officials expected the economy to continue recovering as the jobs market strengthened. Earnings results were mixed. Boeing rose less than 1% after reporting earnings that beat analysts expectations and said it expected to deliver its delayed 787 aircraft in 3Q. Johnson & john son rose slightly after it said it would buy Synthes.
Fin Times p12 "amazon out in front as nasdaq composite hits a 10 year high" by Michael Stothard says Amazon lead the gains on Wall St after investors responded positively to its 1Q earnings. Boeing profits in 1Q exceed Wall St's expectations.
Caterpillar CAT $112.61 +0.67 0.6% 6,011,028 NYSE: No mentions found.
Chevron CVX $108.97 +0.22 0.2% 5,959,591 NYSE: No mentions found.
Cisco CSCO $17.19 -0.33 1.88% 97,429,819 NASDAQ-GS: No mentions found.
Coke KO $67 +0.07 0.1% 8,197,029 NYSE: AJC pA16 "Coca-Cola investors reject report on BPA" says investors voted against a resolution that would require Coke to issue a report as to how its is responding to concerns about the safety of bisphenol A.
Disney DIS $42.58 +0.25 0.59% 5,392,626 NYSE: WSJ pB5 "Comcast adds on demand shows" by Nat Worden says Comcast said it is adding some prime time shows from Disney's ABC & News Corp.'s Fox to its on demand service, making it the only pay TV provider to offer current programming from all 4 major broadcast networks in that format.
DuPont DD $55.62 +0.56 1.02% 4,521,156 NYSE: No mentions found.
Exxon XOM $87.78 +0.36 0.41% 17,667,317 NYSE: Inv. bus. Daily pA13 "Bottom line: left hates oil companies" by Lawrence Kudlow says in '08 Exxon paid $36.5 bil in income taxes, and a lot in other taxes for a total of $116.2 bil in taxes in this editorial in defense of big oil.
GE $20.65 +0.55 2.74% 87,789,427 NYSE: NYT pB6 "Boeing chief says rivet flaws appear limited to one jet" by Chris Drew, WSJ pB6 "Boeing readies 787 profit picture" by Doug Cameron, AJC pA16 "Military jet ernings boost Boeing's profits" say Boeing's 1Q profit topped analysts' estimates as military jet earnings blunted declines in the commercial airplanes biz. Net income rose 13% to $586 mil or 78 cents topping the 70 cents estimate. Boeing had earnings last year 1Q of $519 mil or 70 cents a sahre. Rev slipped 2% to $14.9 bil from $15.2 bil. Boeing affirmed its guidance with rev expected to by $68 to $71 bil a year and earnings to be $3.80 to $4 a share. Boeing's 787 test schedule is 95% complete on jets equipped with Rolls Royce engines & 75% complete on versions with GE engines.
USA Today p4B "S&P rises, doubles its bear market low" by Bloomberg says US stocks rose Wed giving the S&P index the 5th gain in 6 sessions, as the Fed renewed its pledge to stimulate growth with low rates 7 said a pickup in inflation is likely temporary. GE added 55 cents after saying it wants to continue to boost its dividend.
Hewlett-Packard HPQ $41.04 +0.35 0.86% 13,040,444 NYSE: No mentions found.
Home Depot HD $37.32 +0.11 0.3% 12,590,290 NYSE: No mentions found.
Intel INTC $22.63 +0.15 0.67% 68,150,713 NASDAQ-GS: Inv. Bus. Daily pA3 "Big ideas, small packages" by Patrick Seitz profiles winners of Intel's talent search, the nation's most prestigious high shcool math and science competition.
IBM $170.37 +1.88 1.12% 5,289,856 NYSE: No mentions found.
JPMorgan JPM $45.5 +0.38 0.84% 20,721,535 NYSE: Daily Report p6 "Investors stay at bay from bank shares" by Dawn Kopecki, Bloomberg says the biggest percentage drop in quarterly rev in 3 years, driven by lower lending and reduced fees is damping investor appetite for shares of the 6 largest US banks including Bank of America and JPMorgan. BAC declined 5.3% after recording is first profit in three quarters.
Johnson & Johnson JNJ $65.57 +0.62 0.95% 23,712,283 NYSE: WSJ pB3 "Device firm deal poses test for J&J" by Jonathan Rockoff, NYT pB2 "J&J may have a shopping list", Inv. Bus. Daily p1A "J&J to buy Synthes in $21.3 bil deal", Fin times p12 "J&J/synthes", Fin times p15 "J&J seals $21.3 bil deal for control of Synthes" by Haig Simonian, say JNJ's $21.3 purchase of Synthes is its largest ever and it may have additional deals in mind.
NYT pB8 "Fed maintains policy, and the markets surge" by AP says stocks rose to another high after the Fed Res chiar, Ben Bernanke said that officials expected the economy to continue recovering as the jobs market strengthened. Earnings results were mixed. Boeing rose less than 1% after reporting earnings that beat analysts expectations and said it expected to deliver its delayed 787 aircraft in 3Q. Johnson & john son rose slightly after it said it would buy Synthes.
Kraft KFT $33.57 +0.18 0.54% 8,394,359 NYSE: No mentions found.
McDonald's MCD $77.87 +0.93 1.21% 5,687,627 NYSE: No mentions found.
Merck MRK $35.63 +0.57 1.63% 20,292,593 NYSE: AJC pA16 "FDA panel backs Merck's hepatitis C treatment" says a FDA panel voted in favor of Merck's boceprevir tablets as an effective treatment for hepatitis C which affects 3.2 mil Americans.
Fin times p15 "Merck buy back" says Merck will repurchase $5 bil of its common stock.
Microsoft MSFT $26.38 +0.19 0.73% 52,417,683 NASDAQ-GS: WSJ pB3 "Nokia to cut 7,000 globally" by Chris Lawton says Nokia tried to revive its fortunes in Feb when it dumped it Symbian operating system and made smartphones exclusively based on Microsoft software.
Fin times p10 "Settled scores and self justification from Microsoft's lost visionary" by Richard Waters is a review of Paul Allens book.
Pfizer PFE $20.63 +0.44 2.18% 45,867,115 NYSE: No mentions found.
Procter & Gamble PG $64.02 +0.19 0.3% 9,872,407 NYSE: WSJ pC1 "Raising product prices is a margin call" by Ellen Byron says when Procter & Gamble reports earnings today it is expected to discuss plans to raise prices due to rising costs for raw materials.
3M MMM $96.47 +0.53 0.55% 3,753,653 NYSE: No mentions found.
Travelers TRV $62.25 +0.86 1.4% 3,069,270 NYSE: No mentions found.
United Technologies UTX $87.86 unch unch 3,466,788 NYSE: Fin times p15 "United Technologies seeks emerging market expansion" says UTX would love to do deals and has the capacity to make acquisitions after absorbing GE's security busienss according tois CFO Greg Hayes.
Verizon VZ $38.25 +0.62 1.65% 17,511,249 DualListed: WSJ pB5 "Verizon's 4G service fails" by Roger Cheng says Verizon Wireless's 4G network suffered an outage on Wed and Verizon said it is working to restore high speed service.
Walmart WMT $54.42 +0.51 0.95% 9,673,136 NYSE: WSJ pB1 "Walmart adds guns alongside butter" by Miguel Bustillo, WSJ pB2 "Walmart sees shoppers' pain" by karen Talley say Walmart is resuming sales of rifles and shotguns at half of its stores to boost its weak sales. It stopped selling them at all but a third of its US stores 5 years ago. Walmart's CEO Mike Duke said Walmart is trying to be more of a one stop shop.
Fin times p1 "Protesters target Walmart in NY" by Barney Jopson says Walmart's CEO Mike Duke was targeted by protesters who object to Wamart's renewed desire to open stores in New York claiming it mistreats its workers and endangers small businesses.
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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 4/24/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $428 [5]
2. Procter & Gamble PG 253.5 [4]
3. Chevron CVX 217.5 [2]
4. Microsoft MSFT 214.5 [8.5]
5. GE 212 [10.5]
6. IBM 205 [1]
7. WalMart WMT 187 [3.5]
8. AT&T T 181.5 [6]
9. JPMorgan Chase JPM 178 [4]
10. Johnson & Johnson JNJ 175.5 [3]
11. Pfizer PFE 158 [8]
12. Coke KO 156 [2.5]
13. Bank of America BAC 125 [10]
14. Intel INTC 118 [5.5]
15. Merck MRK 105 [3]
16. Verizon VZ 104 [3]
17. Cisco CSCO 93.5 [5.5]
18. Hewlett-Packard HPQ 88.5 [2]
19. Disney DIS 80 [2]
20. McDonald's MCD 80 [1]
21. United Technologies UTX 80 [1]
22. Caterpillar CAT 70 [.5]
23. 3M MMM 67 [.5]
24. Home Depot HD 61.5 [1.5]
25. Kraft KFT 58.5 [2]
26. American Express AXP 56.5 [1]
27. Boeing BA 55.5 [1]
28. DuPont DD 52 [1]
29. Travelers TRV 26 [.5]
30. Alcoa AA 18 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 4/24/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 4/20/11 2 8Ks re: first quarter results
4/13/11 Prospectus & 4/1/aa S-4 re: offer to exchange $3.5 bil of 5.35% Global Notes due '40
3/31/11 & 3/21/11 2 8Ks re: purchase of T-Mobile USA, Inc. from Deutsche Telekom for $20 bil
3/29/11 8KA re: replacement of Richard Lindner as CFO with John J. Stephens
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: 4/21/11 10Q & 4/12/11 8K re: first quarter results ending 3/31/11
4/14/11 8K transcript re: 1Q earnings conference call
4/13/11 8K & Prospectus re: issuance of $1.2 bil of 5.4% Notes due '21 & tnender offer for 5.3% Notes due '13
3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA
American Express AXP: 4/20/11 8K re: 1Q results ending 3/31/11
4/18/11 8K re: delinquency & write-off statistics for 1Q ended 3/31/11
3/28/11 8K re new digital payments platform "Serve"
3/24/11 & 3/23 & 3/22 Proxy materials re: 2011 Annual Meeting of Shareholders at 5/2/11 at AXP Headquarters in NYC
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
Bank of Am BAC: 4/15/11 8K re: shuffling of execs, C. Noski, E. O'Keefe & B. Thompson
4/15/11 re results of 1Q ending 3/31/11
3/3011 Proxy re: Annual Meeting of Stockholders on 5/11/11 at BAC Headquarters in Charlotte, N.C.
3/23/11 8K re: submission to Fed Res. Baord of comprehensive capital plan
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
Boeing BA: 3/21/11 Annual Report to Sahreholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago
Caterpiller CAT: 4/15/11 Proxy re: Annual Meeting of Stockholders on 6/8/11 at Little Rock, Ark.
3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics
Chevron CVX: 4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11at Chevron headquarters in San Ramon, CA.
4/11/11 8K re: first quarter interim update
4/4/11 8K re: increase of exec comp.
Cisco CSCO 3/28/11 8K re: pre-arranged stock trading plan for certain execs
3/22/11 8K-A re: election of Gary B. Moore as COO
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
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 3/25/11 8K re: adoption of exec stock option plan
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
DuPont DD: 4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11in Wilmington, DE
3/31/11 S-3 shelf registration for debt securities and common stock
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
ExxonMobil XOM: 4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/25/11 in Dallas, TX
3/31/11 8K re: result of operations for 2010
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
GE: 4/21/11 8K re: first quarter results
4/18/11 proxy re: answers to shareholder's question re: CEO's stock options
4/15/11 Annual Report to Shareholders
4/711 & 3/30/11 Proxy materials re: proposal on exec comp proposal at annual meeting of shareholders on 4/27/11
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
Hewlett-Packard HPQ: 3/28/11 8K re amendment of by-laws to decrease number of directors from 17 to 13
3/22/11 8K re: info re: status of Hewlett-Packard employees as a result of Japanese earthquake
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
Home Depot HD: 4/18/11 Annual Report to Shareholders
4/15/11 proxy re: annual meeting of shareholders on 6/2/11 in Atlanta
3/31/11 8K re: underwriting agreement re: $3 bil of Senior Notes due 2021 & 2041
3/2/11 8K re: approval of Stock Option Plan
Intel INTC: 4/20/11 & 4/19/11 8Ks re: financial info & CFO commentary re: results for quarter ended 4/2/11
4/13/11 8K re: fin'l info re: recently closed acquisition of Infineon Wireless & McAfee
4/7/11, 4/5/11 & 4/4/11 Proxy materials re: annual meeting of shareholders on 5/19/11 at Intel's headquarters in Santa Clara, CA
3/21/11 8K re: fin'l info re: its McAfeesubsidiary
2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10
IBM: 4/20/11 & 4/19/11 8Ks re: CFO comments re: 1Qtr fin'l results ended 3/31/11
3/25/11 Proxy re: voting at annual meeting of stockholders on 4/26
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.
JPMorganChase JPM: 4/20/11 Proxy brochure entitled "Overview"
4/14/11 8K re: entering into consent orders with Fed. Reserve re: residential mortgage servicing activities
4/13/11 2 8Ks re: first quarter results
4/7/11 3 proxy filings re: annual meeting of shareholders on 5/17/11 in Columbus, Ohio
3/24/11 8K re: offering of $500 mil Floating Rate Notes due 2016
3/24/11 & 3/23/11 8Ks re: offering of Global Medium Term Notes
Johnson & Johnson JNJ : 4/19/11 Proxy re: annual meeting of shareholders on 4/28 in New Brunswick, NJ
4/19/11 8K re: first quarter results
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/8/11 8K re: payment of $70,0006,316 fine for violating Foreign Corrupt Practices Act
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 Pennsylvania
Kraft KFT: 4/8/11 8K & 3/14/11 8K re: departure of CFO Timothy R. McLevish to be replaced by David A. Brearton
4/5/11 8K re: entering into revolving credit agreement for $4.5 bil
3/31/11 8K & Proxy re: nomination of Dr. Peter Henry for Board of Dir at 5/24/11 annual meeting of shareholders in Skokie, Ill
McDonald's MCD: 4/21/11 8K re: first quarter results
4/15/11 Proxy re: taking points
4/13/11 Annual Report to Shareholders
4/18/11 3 Proxy filings re: annual meeting of shareholders on 5/19/11 at McDonald's Headquarters in Oak Brook, Ill & proposal to amend cert. of incorp.
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.
Merck MRK: 4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/24/11 at North Branch, NJ
4/5/11 Schedule to tender offer to shareholders of Inspire Pharmaceuticals
3/24/11 8K re: termination of agreement between Merck & Sanofi-Aventis re: Sanofi's right to buy Merck's Merial animal health subsidiary
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: 4/14/11 & 4/11/11 Proxy & 3/22/11 2 Proxy filings re: 4/28/11 annual meeting of shareholders in Dallas, TX
4/4/11 8K re: selling Capsugel subsidiary to KKR
3/24/11 Annual report to shareholders
2/28/11 10K re: fiscal year ended 12/31/10
Procter & Gamble PG: 4/11/11 8K re: declaration of 9% quarterly dividend increase
4/5/11 8K re: sale of Pringles to Diamond
3/24/11 8K re: P&G & Teva Pharmaceutical Industries partnership for OTC medicines
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: 4/7/11 8K re: results of first quarter 2011
4/6/11 8K re: executive changes re: chief accounting officer
3/29/11 Proxy material to correct errors re: prior filing re: stock ownership of directors & officers
3/24/11 annual report to shareholders
3/23/11 2 proxy filings re: 5/10/11 annual meeting of stockholders in St. Paul, Minnesota
3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline
Travelers TRV:4/21/11 10Q & 8K for quarter ended 3/31/11
4/12/11 anual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT
United Technologies UTX: 4/20/11 8K re: first quarter results
4/19/11 8K re proposal to amend long term incentive plan
2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ
Verizon Communications Inc. VZ: 4/21/11 8K re: first quarter results
4/11/11 8K re: Verizon completion of Terremark acquisition
4/8/11 Schedule to tender offer re: Terremark acquisition
4/4/11 Proxy re; compensation proposal
3/25/11 Prospectus re: $6.25 bil notes
3/21/11 Proxy re: 5/5/11 annual meeting of shareholders in Indianapolis, Indiana
3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)
WalMart WMT: 4/19/11 annual report to shareholders
4/18/11 2 Proxy filings re: annual meeting o shareholders on 6/3/11 at U. of Ark in Fayetteville, Ark.
4/15/11 8K & 4/13/11 Prospectus re: issuance of $5 bil of notes
3/30/11 10K for fiscal year ended 1/31/11