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Post No. 1,399 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
A read of the print editions of Tuesday's Investor's Business Daily, Monday's Barron's, the combined Sat/Sun issues of each of The Wall St. Journal and Financial Times, and Saturday's New York Times & Atlanta Journal Constitution 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 Friday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,217.56 down 69.48 or 0.57% from Thursday's close of 12,287.04. For the week the Dow is down 76.44 or 6.22% from last Friday's close of 12,294. For the year the Dow ended up 5.53% from last year's close of 11,577.51. Nasdaq closed at 2,605.15 down from last year's close of 2,652.87 and the S&P 500 closed at 1,257.60 essentailly the same as last year's close of 1,257.64. Of the 30 Dow components 7 gained and 23 declined. The biggest gainer dollar-wise was Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE and percentage-wise was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $183.88 -2.30 1.24% 3,530,180 NYSE.
Inv. Bus. Daily pA1 "Year ends on weak note" by Paul Whitfield says the year 2011 will go down in history as a bear market even though the Dow was up 5.5% for the year, while the S&P 500 was flat and Nasdaq slipped 1.8% and NYSE composite dropped 6.1%. The bear market was confirmed in Oct when three of the 4 major indexes dropped 20% to 26% off their highs. A beer market is traditionally defined as a drop of 20% ore more. Friday's action saw the market down in mixed volume as the current outlook is the market is in a confirmed uptrend.
Fin Times p11 "Large cp resilience takes the sting out of S&P's falls" by Ajay Makan says one theme dominated the year: the collapse of financials. The 4 companies that have weighed most heavily on the S&P were Bank of America down 59.2%, Citigroup, Goldman Sachs and JPMorgan down 22%. Exxon's 16.3% move gave the S&P a boost while IBM also boosted the index 5 points.
Sat. WSJ pA3 "Dow ends year of tumult up 6%" by Joanthan Cehng says the Dow ended the year up nearly 6%, a modest rise that belied the turmoil of the last half of the year when the Dow averaged a daily intraday swing of 270 points between Aug and Nov more than twice as wide than the same period in '10.
Sat. NYT pB1 "Wall street ends back where it started" by Christine Hauser says like a roller coaster returning to the platform the stock market in the US ended the last day of trading in '11 just about where it started the year before as the S&P 500 closed on Friday at 1,257.60.
As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B5 of Saturday's Wall St. Journal is 0.132129493. Saturday's and Dow's final for 2011 trailing P/E ratio is 13.21 down from Friday's trailing P/E ratio of 13.29 (year ago it was 14.76); Saturday's P/E estimate is 12.49 up from Friday's P/E estimate of 12.37 (year ago it was 13.54), and Saturday's dividend yield is 2.60 up from Friday's dividend yield of 2.59 (last year it was 2.48). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,614.30 down 9.18 from Thursday's closing numerator of 1,623.48. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $53.81 down $0.31 from Thursday's average closing price of $54.12. The median closing price of Friday's Dow Jones Industrial Average was $43.91 (DD/HD) down $0.02 from Thursday's median closing price of $43.93. The lowest volume was Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE and the highest volume again was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $918 ($162,348 - $161,430).
MarketWatch Friday 12/30/11 4:26 pm by Kate Gibson says U.S. stocks slid Friday, with the S&P 500 relinquishing its 2011 gain, as investors closed the books on a volatile year largely driven by Europe’s uncertain efforts to stem its debt crisis.
The Dow Jones Industrial Average DJIA -0.57% ended the year up 5.5%, its second consecutive yearly rise. What had been a slight gain for 2011 vanished in the final moments of trade for the S&P 500 Index SPX -0.43%, which finished a fraction below its 2010 close. The Nasdaq Composite Index COMP -0.33% finished 2011 down 1.8% for its first annual loss since 2008.“As we end the year we are pretty much right where we started,” said Chris Hobart, chief executive officer of Hobart Financial Group in Charlotte, N.C.“This is a process that is going to have to be worked out over time and unfortunately we’ve seen a relatively small country like Greece have their issues, then trickle through Italy, and now come to life in Spain,” Hobart of Europe’s regional debt trouble.The Dow Jones Industrial Average fell 69.48 points, or 0.6%, to 12,217.56.The Dow’s best performer of the day happened to be its worst performer for the year, with Bank of America Corp. BAC -0.18% up 1.8% on the day and down 58% for 2011.Conversely, McDonald’s Corp. MCD +0.12% lost 0.5% during the session but was the best-performing blue chip for 2011, up almost 31%.Dow component Verizon Communications Inc. VZ -0.20% on Friday backed down from its plan to charge wireless customers a $2 ‘convenience fee’ when making certain one-time payments.The S&P 500 SPX -0.43% fell 2.60 points, or 0.2%, to 1,260.42, with consumer staples the greatest laggard and telecommunications faring best among its 10 industry groups.Defensive sectors fared best for 2011, with utilities, consumer staples and health-care leading sector gains for the year, while financial firms, natural-resource companies and industrials were hardest hit.Leading the S&P’s gainers, shares of MetroPCS Communications Inc. PCS -0.99% climbed 5.3% after JPMorgan Chase & Co. said the pay-as-you-go carrier could be targeted for acquisition by bigger competitors At&T Inc. T -0.10% or T-Mobile USA.The Nasdaq Composite COMP -0.33% lost 8.59 points, or 0.3%, to 2,605.15.Decliners ran just ahead of advancers on the New York Stock Exchange, with volume hitting 588 million shares. Composite volume neared 2.3 billion.The time “between Christmas and New Year’s tends to be slow; there might be an uptick (in volume) near the close, with people making final moves, whether for tax preparation or whatever,” said Hobart of the minuscule volume.“Here in the U.S. there is not a ton of news to react to,” he added of the dearth of market-moving events on the domestic front.Gold futures GC2G +1.73% rebounded from a string of losses, rising $25.90 to end at $1,566.80 an ounce the Comex division of the New York Mercantile Exchange. The metal finished 10% higher for the year.Oil futures CL2G -0.59% fell 82 cents to end the session at $98.83 a barrel in New York, with the commodity tallying an 8.2% rise from the close of 2010.Ahead of Friday’s opening bell, Spain’s new government unveiled austerity measures and said it expects a 2011 budget gap of nearly 8%. “Economic conditions in Europe remain tenuous, with no clear end in sight,” Kevin Giddis, fixed-income strategist at Morgan Keegan, wrote in emailed commentary. “European leaders have little choice but to institute real austerity measures in order to correct for years of fiscal irresponsibility, but such measures virtually guarantee that the region will experience no small amount of economic pain,” Giddis noted.
Investors drew limited cheer from reassurances made by German Finance Minister Wolfgang Schaeuble, who ruled out a breakup of the euro region in an interview published Friday.“I think that in the next 12 months we will have avoided the danger of contagion and will have stabilized the euro zone,” Schaeuble told Germany’s Handelsblatt newspaper.
Friday's Closing Dow Numbers and Saturday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.24 +0.07 0.23% 15,685,252 NYSE:
Alcoa AA $8.65 +0.02 0.23% 18,541,981 NYSE:
American Express AXP $47.17 -0.35 0.74% 3,332,768 NYSE:
Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE: Barron's p14 "Stocks with training wheels" by Andrew Barys ays Bank of America's convertible securities offer a nice combination of yield and equity upside. BofA's are known as busted converts because their conversion features are way out of the money but they amount to yield plays because they are trading a deep discounts yielding 9.35.
Sat. WSJ pB1 "Verizon Wireless abandons new fee" by Greg Bensinger says Verizon Wireless abruptly backed off a plan to charge some customers extra to pay their bills online or over the phone, joining the ignominious parade of corporate retreats in '11. The reversal came a day after the $2 charge became public and followed a barrage of customer complaints and the scrutiny of federal regulators. In a side bar "A year of flip-fops" its give three examples: Netflix's abandoned plans to separate its DVD by mail business from its Internet service, Bank of America's reversal on its $5 monthly fee after 5 weeks and Hewlett-Packard's reversal of spinning off its PC division and it ousted its CEO.
Fin Times p11 "Large cp resilience takes the sting out of S&P's falls" by Ajay Makan says one theme dominated the year: the collapse of financials. The 4 companies that have weighed most heavily on the S&P were Bank of America down 59.2%, Citigroup, Goldman Sachs and JPMorgan down 22%. Exxon's 16.3% move gave the S&P a boost while IBM also boosted the index 5 points.
Boeing BA $73.35 -0.76 1.03% 2,799,243 NYSE:
Caterpillar CAT $90.6 +0.02 0.02% 3,269,614 NYSE:
Chevron CVX $106.4 -1.07 1% 5,009,255 NYSE:
Cisco CSCO $18.08 -0.17 0.93% 20,764,262 NASDAQ-GS:
Coke KO $69.97 -0.19 0.27% 3,914,351 NYSE:
Disney DIS $37.5 -0.21 0.56% 4,776,071 NYSE:
DuPont DD $45.78 -0.07 0.15% 3,359,260 NYSE:
Exxon XOM $84.76 -0.51 0.6% 9,767,865 NYSE: Fin Times p11 "Large cp resilience takes the sting out of S&P's falls" by Ajay Makan says one theme dominated the year: the collapse of financials. The 4 companies that have weighed most heavily on the S&P were Bank of America down 59.2%, Citigroup, Goldman Sachs and JPMorgan down 22%. Exxon's 16.3% move gave the S&P a boost while IBM also boosted the index 5 points.
GE $17.91 -0.16 0.89% 31,167,681 NYSE: Barron's pM15 says Sterne Agee released a research report on Ge on 12/27 as a buy says GE's acquisition in the depository business means it has moved decisively toward its goal of alternative funding.
Barron's p10 "Week review" says Macy's and Walmart benefited from higher than expected retail holiday sales. GE Capital said it would pay $7.5 bil for MetLife's US retail deposit business in order to get a more relaible funding source.
Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE: Inv. Bus. Daily pA2 "Letter details HP CEO conduct" says a Delaware court ruled that a letter by Jodie Fisher's lawyer about the conduct of ex-HPQ CEO Mark Hurd be made public.
Inv. Bus. Daily pA6 "2012 crystal ball says IBM, Amazon rising" by Brian Deagon says when Steve Ballmer took charge of Microsoft 11 years ago, the stock traded near 44 and it now is near 26 as Microsoft has missed or fumbled most every major new idea in tech the past decade, from browsers to smartphones. Its portable music player was a joke, was was its Windows Vista operating system. Xb ox is a winner, but the video game console market is troubled. There's little innovation at Microsoft. Tablet computers are lagely an entertainment device and are just smartphones on steroids. People will realize that getting real work done requires PC performance. Ultrabooks, fueled by Intel, will work like tablets only better. Amazon & IBM are well positioned for the future, unlike Hewlett-Packard. Buffer bought $10.7 bil in IBM stock for a 5.4% share.
Sat. WSJ pB1 "Verizon Wireless abandons new fee" by Greg Bensinger says Verizon Wireless abruptly backed off a plan to charge some customers extra to pay their bills online or over the phone, joining the ignominious parade of corporate retreats in '11. The reversal came a day after the $2 charge became public and followed a barrage of customer complaints and the scrutiny of federal regulators. In a side bar "A year of flip-fops" its give three examples: Netflix's abandoned plans to separate its DVD by mail business from its Internet service, Bank of America's reversal on its $5 monthly fee after 5 weeks and Hewlett-Packard's reversal of spinning off its PC division and it ousted its CEO.
Home Depot HD $42.04 +0.03 0.07% 4,761,732 NYSE:
Intel INTC $24.25 -0.30 1.22% 21,689,609 NASDAQ-GS: Inv. Bus. Daily pA6 "2012 tech trends: social , mobile, cloud" by Patrick Seitz says in '12 Intel will debut a radically redesigned microprocessor and Microsoft will come out with its make or break operating system, Windows 8. Facebook will get more business oriented and likely will partner with Microsoft, IBM and others.
Inv. Bus. Daily pA6 "2012 crystal ball says IBM, Amazon rising" by Brian Deagon says when Steve Ballmer took charge of Microsoft 11 years ago, the stock traded near 44 and it now is near 26 as Microsoft has missed or fumbled most every major new idea in tech the past decade, from browsers to smartphones. Its portable music player was a joke, was was its Windows Vista operating system. Xb ox is a winner, but the video game console market is troubled. There's little innovation at Microsoft. Tablet computers are lagely an entertainment device and are just smartphones on steroids. People will realize that getting real work done requires PC performance. Ultrabooks, fueled by Intel, will work like tablets only better. Amazon & IBM are well positioned for the future, unlike Hewlett-Packard. Buffer bought $10.7 bil in IBM stock for a 5.4% share.
IBM $183.88 -2.30 1.24% 3,530,180 NYSE: Inv. Bus. Daily pA6 "2012 tech trends: social , mobile, cloud" by Patrick Seitz says in '12 Intel will debut a radically redesigned microprocessor and Microsoft will come out with its make or break operating system, Windows 8. Facebook will get more business oriented and likely will partner with Microsoft, IBM and others.
Inv. Bus. Daily pA6 "2012 crystal ball says IBM, Amazon rising" by Brian Deagon says when Steve Ballmer took charge of Microsoft 11 years ago, the stock traded near 44 and it now is near 26 as Microsoft has missed or fumbled most every major new idea in tech the past decade, from browsers to smartphones. Its portable music player was a joke, was was its Windows Vista operating system. Xb ox is a winner, but the video game console market is troubled. There's little innovation at Microsoft. Tablet computers are lagely an entertainment device and are just smartphones on steroids. People will realize that getting real work done requires PC performance. Ultrabooks, fueled by Intel, will work like tablets only better. Amazon & IBM are well positioned for the future, unlike Hewlett-Packard. Buffer bought $10.7 bil in IBM stock for a 5.4% share.
JPMorgan JPM $33.25 -0.17 0.51% 18,163,137 NYSE: Fin Times p11 "Large cp resilience takes the sting out of S&P's falls" by Ajay Makan says one theme dominated the year: the collapse of financials. The 4 companies that have weighed most heavily on the S&P were Bank of America down 59.2%, Citigroup, Goldman Sachs and JPMorgan down 22%. Exxon's 16.3% move gave the S&P a boost while IBM also boosted the index 5 points.
Johnson & Johnson JNJ $65.58 -0.30 0.46% 4,938,894 NYSE:
Kraft KFT $37.36 -0.32 0.85% 4,405,660 NYSE:
McDonald's MCD $100.33 -0.48 0.48% 2,947,971 NYSE:
Merck MRK $37.7- 0.03 0.08% 7,859,842 NYSE:
Microsoft MSFT $25.96 -0.06 0.23% 27,393,828 NASDAQ-GS: Inv. Bus. Daily pA6 "2012 crystal ball says IBM, Amazon rising" by Brian Deagon says when Steve Ballmer took charge of Microsoft 11 years ago, the stock traded near 44 and it now is near 26 as Microsoft has missed or fumbled most every major new idea in tech the past decade, from browsers to smartphones. Its portable music player was a joke, was was its Windows Vista operating system. Xb ox is a winner, but the video game console market is troubled. There's little innovation at Microsoft. Tablet computers are lagely an entertainment device and are just smartphones on steroids. People will realize that getting real work done requires PC performance. Ultrabooks, fueled by Intel, will work like tablets only better. Amazon & IBM are well positioned for the future, unlike Hewlett-Packard. Buffer bought $10.7 bil in IBM stock for a 5.4% share.
Pfizer PFE $21.64 -0.07 0.32% 24,684,893 NYSE:
Procter & Gamble PG $66.71 -0.26 0.39% 4,062,213 NYSE:
3M MMM $81.73 -0.38 0.46% 1,706,463 NYSE:
Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE:
United Technologies UTX $73.09 -0.73 0.99% 2,427,201 NYSE:
Verizon VZ $40.12 +0.07 0.17% 10,109,512 Dual Listed: Inv. Bus. Daily pA2 "Verizon backs away from fee", Sat. WSJ pB1 "Verizon Wireless abandons new fee" by Greg Bensinger, Sat. NYT pB1 "After outcry, Verizona bandons $2 fee" by Ron Lieber, Sat. AJC pA10 "Verizon drops bill payment fee plan" by AP say Verizon Wireless abruptly backed off a plan to charge some customers extra to pay their bills online or over the phone, joining the ignominious parade of corporate retreats in '11. The reversal came a day after the $2 charge became public and followed a barrage of customer complaints and the scrutiny of federal regulators. In a side bar "A year of flip-fops" its give three examples: Netflix's abandoned plans to separate its DVD by mail business from its Internet service, Bank of America's reversal on its $5 monthly fee after 5 weeks and Hewlett-Packard's reversal of spinning off its PC division and it ousted its CEO.
Walmart WMT $59.76 -0.23 0.38% 4,655,498 NYSE: Inv. Bus. Daily pA9 "Adopting an innovative defense" says stores like Dollar General and Family Dollar stores site their stores along access routes to Walmart and Target stores.
Barron's p10 "Week review" says Macy's and Walmart benefited from higher than expected retail holiday sales. GE Capital said it would pay $7.5 bil for MetLife's US retail deposit business in order to get a more relaible funding source.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
Saturday, December 31, 2011
Friday, December 30, 2011
12/30/11 Fri pm Dow Closes at 12,217.56 down 69.48 or 0.57%
www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,398 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
The Dow Jones Industrial Average closed Friday at 12,217.56 down 69.48 or 0.57% from Thursday's close of 12,287.04. For the week the Dow is down 76.44 or 6.22% from last Friday's close of 12,294. Of the 30 Dow components 7 gained and 23 declined. The biggest gainer dollar-wise was Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE and percentage-wise was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $183.88 -2.30 1.24% 3,530,180 NYSE.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.29 up from Thursday's trailing P/E ratio of 13.14 (year ago it was 14.75); Friday's P/E estimate is 12.37 unchanged from Thursday's P/E estimate of 12.37 (year ago it was 13.54), and Friday's dividend yield is 2.59 down from Thursday's dividend yield of 2.62 (last year it was 2.48). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,614.30 down 9.18 from Thursday's closing numerator of 1,623.48. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $53.81 down $0.31 from Thursday's average closing price of $54.12. The median closing price of Friday's Dow Jones Industrial Average was $43.91 (DD/HD) down $0.02 from Thursday's median closing price of $43.93. The lowest volume was Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE and the highest volume again was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $918 ($162,348 - $161,430).
MarketWatch Friday 12/30/11 4:26 pm by Kate Gibson says U.S. stocks slid Friday, with the S&P 500 relinquishing its 2011 gain, as investors closed the books on a volatile year largely driven by Europe’s uncertain efforts to stem its debt crisis.
The Dow Jones Industrial Average DJIA -0.57% ended the year up 5.5%, its second consecutive yearly rise. What had been a slight gain for 2011 vanished in the final moments of trade for the S&P 500 Index SPX -0.43%, which finished a fraction below its 2010 close. The Nasdaq Composite Index COMP -0.33% finished 2011 down 1.8% for its first annual loss since 2008.“As we end the year we are pretty much right where we started,” said Chris Hobart, chief executive officer of Hobart Financial Group in Charlotte, N.C.“This is a process that is going to have to be worked out over time and unfortunately we’ve seen a relatively small country like Greece have their issues, then trickle through Italy, and now come to life in Spain,” Hobart of Europe’s regional debt trouble.The Dow Jones Industrial Average fell 69.48 points, or 0.6%, to 12,217.56.The Dow’s best performer of the day happened to be its worst performer for the year, with Bank of America Corp. BAC -0.18% up 1.8% on the day and down 58% for 2011.Conversely, McDonald’s Corp. MCD +0.12% lost 0.5% during the session but was the best-performing blue chip for 2011, up almost 31%.Dow component Verizon Communications Inc. VZ -0.20% on Friday backed down from its plan to charge wireless customers a $2 ‘convenience fee’ when making certain one-time payments.The S&P 500 SPX -0.43% fell 2.60 points, or 0.2%, to 1,260.42, with consumer staples the greatest laggard and telecommunications faring best among its 10 industry groups.Defensive sectors fared best for 2011, with utilities, consumer staples and health-care leading sector gains for the year, while financial firms, natural-resource companies and industrials were hardest hit.Leading the S&P’s gainers, shares of MetroPCS Communications Inc. PCS -0.99% climbed 5.3% after JPMorgan Chase & Co. said the pay-as-you-go carrier could be targeted for acquisition by bigger competitors At&T Inc. T -0.10% or T-Mobile USA.The Nasdaq Composite COMP -0.33% lost 8.59 points, or 0.3%, to 2,605.15.Decliners ran just ahead of advancers on the New York Stock Exchange, with volume hitting 588 million shares. Composite volume neared 2.3 billion.The time “between Christmas and New Year’s tends to be slow; there might be an uptick (in volume) near the close, with people making final moves, whether for tax preparation or whatever,” said Hobart of the minuscule volume.“Here in the U.S. there is not a ton of news to react to,” he added of the dearth of market-moving events on the domestic front.Gold futures GC2G +1.73% rebounded from a string of losses, rising $25.90 to end at $1,566.80 an ounce the Comex division of the New York Mercantile Exchange. The metal finished 10% higher for the year.Oil futures CL2G -0.59% fell 82 cents to end the session at $98.83 a barrel in New York, with the commodity tallying an 8.2% rise from the close of 2010.Ahead of Friday’s opening bell, Spain’s new government unveiled austerity measures and said it expects a 2011 budget gap of nearly 8%. “Economic conditions in Europe remain tenuous, with no clear end in sight,” Kevin Giddis, fixed-income strategist at Morgan Keegan, wrote in emailed commentary. “European leaders have little choice but to institute real austerity measures in order to correct for years of fiscal irresponsibility, but such measures virtually guarantee that the region will experience no small amount of economic pain,” Giddis noted.
Investors drew limited cheer from reassurances made by German Finance Minister Wolfgang Schaeuble, who ruled out a breakup of the euro region in an interview published Friday.“I think that in the next 12 months we will have avoided the danger of contagion and will have stabilized the euro zone,” Schaeuble told Germany’s Handelsblatt newspaper.
Friday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.24 +0.07 0.23% 15,685,252 NYSE
Alcoa AA $8.65 +0.02 0.23% 18,541,981 NYSE
American Express AXP $47.17 -0.35 0.74% 3,332,768 NYSE
Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE
Boeing BA $73.35 -0.76 1.03% 2,799,243 NYSE
Caterpillar CAT $90.6 +0.02 0.02% 3,269,614 NYSE
Chevron CVX $106.4 -1.07 1% 5,009,255 NYSE
Cisco CSCO $18.08 -0.17 0.93% 20,764,262 NASDAQ-GS
Coke KO $69.97 -0.19 0.27% 3,914,351 NYSE
Disney DIS $37.5 -0.21 0.56% 4,776,071 NYSE
DuPont DD $45.78 -0.07 0.15% 3,359,260 NYSE
Exxon XOM $84.76 -0.51 0.6% 9,767,865 NYSE
GE $17.91 -0.16 0.89% 31,167,681 NYSE
Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE
Home Depot HD $42.04 +0.03 0.07% 4,761,732 NYSE
Intel INTC $24.25 -0.30 1.22% 21,689,609 NASDAQ-GS
IBM $183.88 -2.30 1.24% 3,530,180 NYSE
JPMorgan JPM $33.25 -0.17 0.51% 18,163,137 NYSE
Johnson & Johnson JNJ $65.58 -0.30 0.46% 4,938,894 NYSE
Kraft KFT $37.36 -0.32 0.85% 4,405,660 NYSE
McDonald's MCD $100.33 -0.48 0.48% 2,947,971 NYSE
Merck MRK $37.7- 0.03 0.08% 7,859,842 NYSE
Microsoft MSFT $25.96 -0.06 0.23% 27,393,828 NASDAQ-GS
Pfizer PFE $21.64 -0.07 0.32% 24,684,893 NYSE
Procter & Gamble PG $66.71 -0.26 0.39% 4,062,213 NYSE
3M MMM $81.73 -0.38 0.46% 1,706,463 NYSE
Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE
United Technologies UTX $73.09 -0.73 0.99% 2,427,201 NYSE
Verizon VZ $40.12 +0.07 0.17% 10,109,512 Dual Listed
Walmart WMT $59.76 -0.23 0.38% 4,655,498 NYSE
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The following are excerpts from Friday morning's Blog.
A read of the print editions of Friday's The Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, Atlanta Journal Constitution & Daily Report (Ga. - 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 Thursday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. For the year the Dow is up 6.13%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Fin Times p18 "Fin'ls enjoy rebound as stocks shrug off increase in jobless claims" by Ajay Makan says Wall St brushed off a rise in US jobless claims to record solid gains yesterday as fin'l stocks bounced off a difficult previous session.
Inv. Bus. Daily pA1 "Stocks up in slow trade; leaders quiet" by Paul Whitfield says stocks coasted Thur toward the '11 finish line on the eve of the final session as the market was up in declining volume as the current outlook is a confirmed uptrend.
NYT pB6 "Promising signs in job growth and home sales lift shares" by AP says better news on home sales and improved prospects for job growth sent stocks higher.
USA Today p4B "Stocks rebound with upswing as trading eyar nears an end" by Bloomberg says stocks rose Thurs, restoring the '11 gain in the S&P as data signaled the world's largest economy is weathering Europe's debt crisis.
Thursday's Dow Jones Industrial Average closing numerator was 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. Read more about jobless claims. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers and Friday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE: No mentions found.
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE: No mentions found.
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE: WSJ pB3 "Boeing examines supply chain for weak links" by David Kesmodel says as Boeing prepares to boost output, it is reviewing vendors to ensure htye can keep up. Boeing aims to boost output by 60% in the next three years or 300 jets a year. It has a backlog of 3,500 jets valued at more than $270 bil.
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE: No mentions found.
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE: No mentions found.
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS: No mentions found.
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE: No mentions found.
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE: No mentions found.
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE: No mentions found.
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE: No mentions found.
GE $18.07 +0.24 1.35% 43,266,038 NYSE: No mentions found.
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE: WSJ pB5 "Court frees up Hurd letter" by Arik Hesseldahl, AJC pA16 "Ex-HP chief must make allegation letter public" say the woman that sued ex-CEO for Hewlett-Packard convinced a judge in Delaware that Mark Hurd has to make public a controversial letter he sent to her that caused his ouster.
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS: No mentions found.
IBM $186.18 +2.19 1.19% 2,941,490 NYSE: WSJ pB4 "Bright ideas: innovation in '11" by Don Clark says IBM's Watson computer system that won on Jeopardy was a big invention in '11.
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE: Inv. Bus. Daily pA2 "J&J seeking 3rd OK for drug", AJC pA16 "US approval sought for clot preventing drug" says Johnson & Johnson is seeking US approval for a third use for its new anticlotting pill, Xarelto which would allow it to be used for patients with acute coronary syndrome.
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE: No mentions found.
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE: No mentions found.
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE: No mentions found.
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS: No mentions found.
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE: No mentions found.
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE: No mentions found.
MMM $82.11 +0.96 1.18% 1,935,126 NYSE: No mentions found.
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE: No mentions found.
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE: No mentions found.
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE: WSJ pB3 "Sears details store closures" by John Kell says Sears in an effort to compete against Walmart and Target will close 14 Grand/Essentials stores, which was a formal opened during the past decade.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,398 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
The Dow Jones Industrial Average closed Friday at 12,217.56 down 69.48 or 0.57% from Thursday's close of 12,287.04. For the week the Dow is down 76.44 or 6.22% from last Friday's close of 12,294. Of the 30 Dow components 7 gained and 23 declined. The biggest gainer dollar-wise was Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE and percentage-wise was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $183.88 -2.30 1.24% 3,530,180 NYSE.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.29 up from Thursday's trailing P/E ratio of 13.14 (year ago it was 14.75); Friday's P/E estimate is 12.37 unchanged from Thursday's P/E estimate of 12.37 (year ago it was 13.54), and Friday's dividend yield is 2.59 down from Thursday's dividend yield of 2.62 (last year it was 2.48). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 1,614.30 down 9.18 from Thursday's closing numerator of 1,623.48. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $53.81 down $0.31 from Thursday's average closing price of $54.12. The median closing price of Friday's Dow Jones Industrial Average was $43.91 (DD/HD) down $0.02 from Thursday's median closing price of $43.93. The lowest volume was Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE and the highest volume again was Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $918 ($162,348 - $161,430).
MarketWatch Friday 12/30/11 4:26 pm by Kate Gibson says U.S. stocks slid Friday, with the S&P 500 relinquishing its 2011 gain, as investors closed the books on a volatile year largely driven by Europe’s uncertain efforts to stem its debt crisis.
The Dow Jones Industrial Average DJIA -0.57% ended the year up 5.5%, its second consecutive yearly rise. What had been a slight gain for 2011 vanished in the final moments of trade for the S&P 500 Index SPX -0.43%, which finished a fraction below its 2010 close. The Nasdaq Composite Index COMP -0.33% finished 2011 down 1.8% for its first annual loss since 2008.“As we end the year we are pretty much right where we started,” said Chris Hobart, chief executive officer of Hobart Financial Group in Charlotte, N.C.“This is a process that is going to have to be worked out over time and unfortunately we’ve seen a relatively small country like Greece have their issues, then trickle through Italy, and now come to life in Spain,” Hobart of Europe’s regional debt trouble.The Dow Jones Industrial Average fell 69.48 points, or 0.6%, to 12,217.56.The Dow’s best performer of the day happened to be its worst performer for the year, with Bank of America Corp. BAC -0.18% up 1.8% on the day and down 58% for 2011.Conversely, McDonald’s Corp. MCD +0.12% lost 0.5% during the session but was the best-performing blue chip for 2011, up almost 31%.Dow component Verizon Communications Inc. VZ -0.20% on Friday backed down from its plan to charge wireless customers a $2 ‘convenience fee’ when making certain one-time payments.The S&P 500 SPX -0.43% fell 2.60 points, or 0.2%, to 1,260.42, with consumer staples the greatest laggard and telecommunications faring best among its 10 industry groups.Defensive sectors fared best for 2011, with utilities, consumer staples and health-care leading sector gains for the year, while financial firms, natural-resource companies and industrials were hardest hit.Leading the S&P’s gainers, shares of MetroPCS Communications Inc. PCS -0.99% climbed 5.3% after JPMorgan Chase & Co. said the pay-as-you-go carrier could be targeted for acquisition by bigger competitors At&T Inc. T -0.10% or T-Mobile USA.The Nasdaq Composite COMP -0.33% lost 8.59 points, or 0.3%, to 2,605.15.Decliners ran just ahead of advancers on the New York Stock Exchange, with volume hitting 588 million shares. Composite volume neared 2.3 billion.The time “between Christmas and New Year’s tends to be slow; there might be an uptick (in volume) near the close, with people making final moves, whether for tax preparation or whatever,” said Hobart of the minuscule volume.“Here in the U.S. there is not a ton of news to react to,” he added of the dearth of market-moving events on the domestic front.Gold futures GC2G +1.73% rebounded from a string of losses, rising $25.90 to end at $1,566.80 an ounce the Comex division of the New York Mercantile Exchange. The metal finished 10% higher for the year.Oil futures CL2G -0.59% fell 82 cents to end the session at $98.83 a barrel in New York, with the commodity tallying an 8.2% rise from the close of 2010.Ahead of Friday’s opening bell, Spain’s new government unveiled austerity measures and said it expects a 2011 budget gap of nearly 8%. “Economic conditions in Europe remain tenuous, with no clear end in sight,” Kevin Giddis, fixed-income strategist at Morgan Keegan, wrote in emailed commentary. “European leaders have little choice but to institute real austerity measures in order to correct for years of fiscal irresponsibility, but such measures virtually guarantee that the region will experience no small amount of economic pain,” Giddis noted.
Investors drew limited cheer from reassurances made by German Finance Minister Wolfgang Schaeuble, who ruled out a breakup of the euro region in an interview published Friday.“I think that in the next 12 months we will have avoided the danger of contagion and will have stabilized the euro zone,” Schaeuble told Germany’s Handelsblatt newspaper.
Friday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.24 +0.07 0.23% 15,685,252 NYSE
Alcoa AA $8.65 +0.02 0.23% 18,541,981 NYSE
American Express AXP $47.17 -0.35 0.74% 3,332,768 NYSE
Bank of America BAC $5.56 +0.10 1.83% 176,076,969 NYSE
Boeing BA $73.35 -0.76 1.03% 2,799,243 NYSE
Caterpillar CAT $90.6 +0.02 0.02% 3,269,614 NYSE
Chevron CVX $106.4 -1.07 1% 5,009,255 NYSE
Cisco CSCO $18.08 -0.17 0.93% 20,764,262 NASDAQ-GS
Coke KO $69.97 -0.19 0.27% 3,914,351 NYSE
Disney DIS $37.5 -0.21 0.56% 4,776,071 NYSE
DuPont DD $45.78 -0.07 0.15% 3,359,260 NYSE
Exxon XOM $84.76 -0.51 0.6% 9,767,865 NYSE
GE $17.91 -0.16 0.89% 31,167,681 NYSE
Hewlett-Packard HPQ $25.76 +0.14 0.55% 11,493,016 NYSE
Home Depot HD $42.04 +0.03 0.07% 4,761,732 NYSE
Intel INTC $24.25 -0.30 1.22% 21,689,609 NASDAQ-GS
IBM $183.88 -2.30 1.24% 3,530,180 NYSE
JPMorgan JPM $33.25 -0.17 0.51% 18,163,137 NYSE
Johnson & Johnson JNJ $65.58 -0.30 0.46% 4,938,894 NYSE
Kraft KFT $37.36 -0.32 0.85% 4,405,660 NYSE
McDonald's MCD $100.33 -0.48 0.48% 2,947,971 NYSE
Merck MRK $37.7- 0.03 0.08% 7,859,842 NYSE
Microsoft MSFT $25.96 -0.06 0.23% 27,393,828 NASDAQ-GS
Pfizer PFE $21.64 -0.07 0.32% 24,684,893 NYSE
Procter & Gamble PG $66.71 -0.26 0.39% 4,062,213 NYSE
3M MMM $81.73 -0.38 0.46% 1,706,463 NYSE
Travelers TRV $59.17 -0.51 0.85% 1,637,406 NYSE
United Technologies UTX $73.09 -0.73 0.99% 2,427,201 NYSE
Verizon VZ $40.12 +0.07 0.17% 10,109,512 Dual Listed
Walmart WMT $59.76 -0.23 0.38% 4,655,498 NYSE
********************
The following are excerpts from Friday morning's Blog.
A read of the print editions of Friday's The Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, Atlanta Journal Constitution & Daily Report (Ga. - 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 Thursday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. For the year the Dow is up 6.13%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Fin Times p18 "Fin'ls enjoy rebound as stocks shrug off increase in jobless claims" by Ajay Makan says Wall St brushed off a rise in US jobless claims to record solid gains yesterday as fin'l stocks bounced off a difficult previous session.
Inv. Bus. Daily pA1 "Stocks up in slow trade; leaders quiet" by Paul Whitfield says stocks coasted Thur toward the '11 finish line on the eve of the final session as the market was up in declining volume as the current outlook is a confirmed uptrend.
NYT pB6 "Promising signs in job growth and home sales lift shares" by AP says better news on home sales and improved prospects for job growth sent stocks higher.
USA Today p4B "Stocks rebound with upswing as trading eyar nears an end" by Bloomberg says stocks rose Thurs, restoring the '11 gain in the S&P as data signaled the world's largest economy is weathering Europe's debt crisis.
Thursday's Dow Jones Industrial Average closing numerator was 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. Read more about jobless claims. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers and Friday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE: No mentions found.
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE: No mentions found.
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE: WSJ pB3 "Boeing examines supply chain for weak links" by David Kesmodel says as Boeing prepares to boost output, it is reviewing vendors to ensure htye can keep up. Boeing aims to boost output by 60% in the next three years or 300 jets a year. It has a backlog of 3,500 jets valued at more than $270 bil.
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE: No mentions found.
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE: No mentions found.
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS: No mentions found.
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE: No mentions found.
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE: No mentions found.
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE: No mentions found.
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE: No mentions found.
GE $18.07 +0.24 1.35% 43,266,038 NYSE: No mentions found.
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE: WSJ pB5 "Court frees up Hurd letter" by Arik Hesseldahl, AJC pA16 "Ex-HP chief must make allegation letter public" say the woman that sued ex-CEO for Hewlett-Packard convinced a judge in Delaware that Mark Hurd has to make public a controversial letter he sent to her that caused his ouster.
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS: No mentions found.
IBM $186.18 +2.19 1.19% 2,941,490 NYSE: WSJ pB4 "Bright ideas: innovation in '11" by Don Clark says IBM's Watson computer system that won on Jeopardy was a big invention in '11.
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE: Inv. Bus. Daily pA2 "J&J seeking 3rd OK for drug", AJC pA16 "US approval sought for clot preventing drug" says Johnson & Johnson is seeking US approval for a third use for its new anticlotting pill, Xarelto which would allow it to be used for patients with acute coronary syndrome.
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE: No mentions found.
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE: No mentions found.
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE: No mentions found.
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS: No mentions found.
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE: No mentions found.
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE: No mentions found.
MMM $82.11 +0.96 1.18% 1,935,126 NYSE: No mentions found.
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE: No mentions found.
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE: No mentions found.
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE: WSJ pB3 "Sears details store closures" by John Kell says Sears in an effort to compete against Walmart and Target will close 14 Grand/Essentials stores, which was a formal opened during the past decade.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
Thursday, December 29, 2011
12/30/11 Fri am Verizon Wireless Upsets Many with New $2 Fee
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Post No. 1,397 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
A read of the print editions of Friday's The Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, Atlanta Journal Constitution & Daily Report (Ga. - 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 Thursday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. For the year the Dow is up 6.13%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Fin Times p18 "Fin'ls enjoy rebound as stocks shrug off increase in jobless claims" by Ajay Makan says Wall St brushed off a rise in US jobless claims to record solid gains yesterday as fin'l stocks bounced off a difficult previous session.
Inv. Bus. Daily pA1 "Stocks up in slow trade; leaders quiet" by Paul Whitfield says stocks coasted Thur toward the '11 finish line on the eve of the final session as the market was up in declining volume as the current outlook is a confirmed uptrend.
NYT pB6 "Promising signs in job growth and home sales lift shares" by AP says better news on home sales and improved prospects for job growth sent stocks higher.
USA Today p4B "Stocks rebound with upswing as trading eyar nears an end" by Bloomberg says stocks rose Thurs, restoring the '11 gain in the S&P as data signaled the world's largest economy is weathering Europe's debt crisis.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.29 up from Thursday's trailing P/E ratio of 13.14 (year ago it was 14.75); Friday's P/E estimate is 12.37 unchanged from Thursday's P/E estimate of 12.37 (year ago it was 13.54), and Friday's dividend yield is 2.59 down from Thursday's dividend yield of 2.62 (last year it was 2.48). 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 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers and Friday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE: No mentions found.
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE: No mentions found.
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE: WSJ pB3 "Boeing examines supply chain for weak links" by David Kesmodel says as Boeing prepares to boost output, it is reviewing vendors to ensure htye can keep up. Boeing aims to boost output by 60% in the next three years or 300 jets a year. It has a backlog of 3,500 jets valued at more than $270 bil.
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE: No mentions found.
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE: No mentions found.
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS: No mentions found.
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE: No mentions found.
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE: No mentions found.
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE: No mentions found.
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE: No mentions found.
GE $18.07 +0.24 1.35% 43,266,038 NYSE: No mentions found.
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE: WSJ pB5 "Court frees up Hurd letter" by Arik Hesseldahl, AJC pA16 "Ex-HP chief must make allegation letter public" say the woman that sued ex-CEO for Hewlett-Packard convinced a judge in Delaware that Mark Hurd has to make public a controversial letter he sent to her that caused his ouster.
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS: No mentions found.
IBM $186.18 +2.19 1.19% 2,941,490 NYSE: WSJ pB4 "Bright ideas: innovation in '11" by Don Clark says IBM's Watson computer system that won on Jeopardy was a big invention in '11.
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE: Inv. Bus. Daily pA2 "J&J seeking 3rd OK for drug", AJC pA16 "US approval sought for clot preventing drug" says Johnson & Johnson is seeking US approval for a third use for its new anticlotting pill, Xarelto which would allow it to be used for patients with acute coronary syndrome.
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE: No mentions found.
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE: No mentions found.
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE: No mentions found.
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS: No mentions found.
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE: No mentions found.
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE: No mentions found.
MMM $82.11 +0.96 1.18% 1,935,126 NYSE: No mentions found.
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE: No mentions found.
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE: No mentions found.
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE: WSJ pB3 "Sears details store closures" by John Kell says Sears in an effort to compete against Walmart and Target will close 14 Grand/Essentials stores, which was a formal opened during the past decade.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,397 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
A read of the print editions of Friday's The Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, Atlanta Journal Constitution & Daily Report (Ga. - 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 Thursday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. For the year the Dow is up 6.13%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Fin Times p18 "Fin'ls enjoy rebound as stocks shrug off increase in jobless claims" by Ajay Makan says Wall St brushed off a rise in US jobless claims to record solid gains yesterday as fin'l stocks bounced off a difficult previous session.
Inv. Bus. Daily pA1 "Stocks up in slow trade; leaders quiet" by Paul Whitfield says stocks coasted Thur toward the '11 finish line on the eve of the final session as the market was up in declining volume as the current outlook is a confirmed uptrend.
NYT pB6 "Promising signs in job growth and home sales lift shares" by AP says better news on home sales and improved prospects for job growth sent stocks higher.
USA Today p4B "Stocks rebound with upswing as trading eyar nears an end" by Bloomberg says stocks rose Thurs, restoring the '11 gain in the S&P as data signaled the world's largest economy is weathering Europe's debt crisis.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.29 up from Thursday's trailing P/E ratio of 13.14 (year ago it was 14.75); Friday's P/E estimate is 12.37 unchanged from Thursday's P/E estimate of 12.37 (year ago it was 13.54), and Friday's dividend yield is 2.59 down from Thursday's dividend yield of 2.62 (last year it was 2.48). 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 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers and Friday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE: No mentions found.
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE: No mentions found.
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE: WSJ pB3 "Boeing examines supply chain for weak links" by David Kesmodel says as Boeing prepares to boost output, it is reviewing vendors to ensure htye can keep up. Boeing aims to boost output by 60% in the next three years or 300 jets a year. It has a backlog of 3,500 jets valued at more than $270 bil.
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE: No mentions found.
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE: No mentions found.
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS: No mentions found.
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE: No mentions found.
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE: No mentions found.
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE: No mentions found.
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE: No mentions found.
GE $18.07 +0.24 1.35% 43,266,038 NYSE: No mentions found.
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE: WSJ pB5 "Court frees up Hurd letter" by Arik Hesseldahl, AJC pA16 "Ex-HP chief must make allegation letter public" say the woman that sued ex-CEO for Hewlett-Packard convinced a judge in Delaware that Mark Hurd has to make public a controversial letter he sent to her that caused his ouster.
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS: No mentions found.
IBM $186.18 +2.19 1.19% 2,941,490 NYSE: WSJ pB4 "Bright ideas: innovation in '11" by Don Clark says IBM's Watson computer system that won on Jeopardy was a big invention in '11.
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE:
WSJ pC4 "Dow up 135.63; gold recedes" by Brendan Conway says stocks gained and gold fell in '11's second to last trading session as investors wee heartened by data showing a modest improvement in the US housing & employment sectors. Just 2.25 bil shares changed hands in NYSE composite trading volume compared to average volume of 4.27 volume. Home Depot rose 48 cents. Bank of America led the Dow rising 17 cents and JPMorgan was up 77 cents.
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE: Inv. Bus. Daily pA2 "J&J seeking 3rd OK for drug", AJC pA16 "US approval sought for clot preventing drug" says Johnson & Johnson is seeking US approval for a third use for its new anticlotting pill, Xarelto which would allow it to be used for patients with acute coronary syndrome.
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE: No mentions found.
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE: No mentions found.
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE: No mentions found.
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS: No mentions found.
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE: No mentions found.
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE: No mentions found.
MMM $82.11 +0.96 1.18% 1,935,126 NYSE: No mentions found.
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE: No mentions found.
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE: No mentions found.
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed: WSJ pB3 "Verizon outages, new fee irk users" by Geg Bensinger, NYT pB1 "An uproar on the Wb over $2 fee by Verizon" by Ron Lieber, USA Today p1B "Verizon Wireless sets fee for payments", AJC pA16 "Verizon to debut $2 convenience fee" say Verizon Wireless touts its reliability over AT&T but a series of outages this month has hurt its image as Verizon had its third outage in Dec. Verizon also said it would impose a $2 fee on those paying their bills by phone or on Verizon's website starting Jan. 15.
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE: WSJ pB3 "Sears details store closures" by John Kell says Sears in an effort to compete against Walmart and Target will close 14 Grand/Essentials stores, which was a formal opened during the past decade.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
12/29/11 Thurs. pm Dow Closes at 12,287.04 up 135.63 or 1.12%
www.DowJonesMonitor.com
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Post No. 1,396 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
The Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 13.14 down from Wednesday's trailing P/E ratio of 13.29 (year ago it was 14.77); Thursday's P/E estimate is 12.37 unchanged from Wednesday's P/E estimate of 12.37 (year ago it was 13.54), and Thursday's dividend yield is 2.62 up from Wednesday's dividend yield of 2.59 (last year it was 2.48). 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 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. Read more about jobless claims. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE
GE $18.07 +0.24 1.35% 43,266,038 NYSE
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS
IBM $186.18 +2.19 1.19% 2,941,490 NYSE
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE
MMM $82.11 +0.96 1.18% 1,935,126 NYSE
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of the print edition of Thursday's Wall St. Journal 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 AverageThe Dow Jones Industrial Average closed Wednesday at 12,151.41 down 139.94 or 1.14% from Tuesday's close of 12,291.35. For the year the Dow is up 5%. Of the 30 Dow components all 30 declined. The biggest decliner dollar-wise was Caterpillar CAT $89.37 -2.18 2.38% 5,238,521 NYSE and percentage-wise was Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE.
WSJ pC1 "Unease on Italy ruffles markets" by Jonathan Cehng says the market's holiday from Europe's troubles lasted just a week as concerns about the health of the euro drove the euro to a 14 month low and sent the S&P into negative territory for the year. The Dow had its worst loss in 2 weeks. Bank of America was the worst performer of the day falling 20 cents or 3.6% to $5.29 to bring its slide for the year to 60%.
Wednesday's Dow Jones Industrial Average closing numerator was 1,605.56 down 18.61 from Tuesday's closing numerator of 1,624.05. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $53.52 down $0.61 from Tuesday's average closing price of $54.13. The median closing price of Wednesday's Dow Jones Industrial Average was $43.50 (DD/HD) down $0.73 from Tuesday's median closing price of $44.23. The lowest volume was Travelers TRV $58.86 -0.67 1.13% 1,719,645 NYSE and the highest volume again was Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,861 ($162,417 - $160,556).
MarketWatch Wednesday 12/28/11 4:33 pm by Kate Gibson says U.S. stocks suffered significant losses Wednesday, with the S&P 500 retreating to the loss column for 2011, on concern about Italy’s next auction of government debt. “Italy did have a decent short-term auction today, and markets responded neutrally to reasonably well to that, but what is causing market participants greater concern is the longer-term sale tomorrow,” said Mike McGervey, president of McGervey Wealth Management in North Canton, Ohio. “It doesn’t take a whole lot to push prices around when we see volume this light, whether stocks or currencies,” McGervey added of the thin volumes in the holiday-shortened trading week. The Dow Jones Industrial Average DJIA -1.14% fell 139.94 points, or 1.1%, to 12,151.41 with all of its 30 components ending in the red. The Dow held a 5% gain for the year, with two sessions remaining. “It has to do with the more defensive nature of some of the Dow stocks,” said McGervey. “Some of the industrials have benefited from modest signs of growth, and a lot of people look at those giants as larger dividend paying stocks.” Back in negative terrain for 2011, the S&P 500 Index SPX -1.25% shed 15.79 points, or 1.3%, to 1,249.64, with natural-resource and energy shares hardest hit among its 10 major industry groups. The Nasdaq Composite COMP -1.34% declined 35.22 points, or 1.3%, to 2,589.98, leaving the index in the red by 2.4% for the year. “Volume is pretty light, or virtually nonexistent, so it doesn’t take much,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in San Francisco. For every stock rising four fell on the New York Stock Exchange, where volume came to a tepid 542 million. Composite volume topped 2.3 billion. Crude futures fell $1.98 to $99.36 a barrel on the New York Mercantile Exchange, with Saudi Arabia saying it would counter any drop in oil supplies should Iran follow through on its threat to block a key tanker route in the Middle East. Gold prices also fell, with the futures contract for February delivery down $31.40 to end at $1,564.10 an ounce. Retail sales are among the factors supportive of a “modest economic growth story” in the United States,” said McGervey of the International Council of Shopping Centers and Goldman Sachs report that sales at U.S. retailers climbed 4.5% last week from a year ago. Moreover, he noted, “corporate profits have certainly done their fair share of keeping things together, any sign of top-line growth is going to push corporations very solidly into the black, and hopefully that will be the tailwind of the next move in prices, but the headwind is the whole European story, and it’s a strong headwind.” The ECB said that its lending to euro-area banks leapt last week as the Frankfurt-based ECB strived to keep credit moving amidst the region’s debt crisis. Read more on the session for Italian stocks and investors’ reactions to Italian debt auction. Italy’s 10-year note yield rose, lately at 6.973%. Most analysts regard the 7% level as unsustainable for the euro-area’s third largest economy. The euro EURUSD -.00% fell to 1.2937 against the U.S. dollar. Italy’s short-term debt costs fell at auction, boosted by the government’s recent austerity plan and inexpensive liquidity from the European Central Bank. But Wednesday sale by Italy of 9 billion euros, or $11.8 billion, of six-month bills was viewed as less of a hurdle than Thursday’s planned sale of as much as 8.5 billion euros in longer-maturity debt. The “risk-off” trade is disappointing, given Italy’s sale of short-term debt on Wednesday seemed “well-received,” Luschini said. But, “it could be in anticipation of a rougher day tomorrow.” Luschini added of Thursday’s sale of longer-dated Italian debt.
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.95 -0.09 0.3% 16,627,580 NYSE: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Alcoa AA $8.52 -0.27 3.07% 26,138,806 NYSE: No mentions found.
American Express AXP $46.97 -0.69 1.45% 3,823,194 NYSE:No mentions found.
Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE: WSJ pC1 "Unease on Italy ruffles markets" by Jonathan Cehng says the market's holiday from Europe's troubles lasted just a week as concerns about the health of the euro drove the euro to a 14 month low and sent the S&P into negative territory for the year. The Dow had its worst loss in 2 weeks. Bank of America was the worst performer of the day falling 20 cents or 3.6% to $5.29 to bring its slide for the year to 60%.
Boeing BA $73.26 -1.01 1.36% 2,567,421 NYSE:No mentions found.
Caterpillar CAT $89.37 -2.18 2.38% 5,238,521 NYSE:No mentions found.
Chevron CVX $105.96 -2.02 1.87% 5,305,073 NYSE:No mentions found.
CSCO $18.16 -0.42 2.26% 26,725,985 NASDAQ-GS:No mentions found.
Coke KO $69.51 -0.37 0.53% 4,051,579 NYSE:No mentions found.
Disney DIS $37.24 -0.37 0.98% 4,633,287 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland.
DuPont DD $45.46 -0.77 1.67% 3,461,653 NYSE:No mentions found.
Exxon XOM $84.18 -1.10 1.29% 12,765,776 NYSE:No mentions found.
GE $17.83 -0.18 1% 38,987,710 NYSE:No mentions found.
Hewlett-Packard HPQ $25.2 -0.45 1.75% 10,461,737 NYSE:No mentions found.
Home Depot HD $41.53 -0.69 1.63% 5,130,103 NYSE:No mentions found.
Intel INTC $24.225 -0.335 1.36% 23,693,466 NASDAQ-GS:No mentions found.
IBM $183.99 -0.96 0.52% 2,871,588 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland. IBM announced the election of Virginia M. Romety as its new CEO.
JPMorgan JPM $32.65 -0.38 1.15% 19,141,514 NYSE:No mentions found.
Johnson & Johnson JNJ $65.45 -0.57 0.86% 5,866,667 NYSE:No mentions found.
Kraft KFT $37.26 -0.44 1.17% 4,317,035 NYSE:No mentions found.
McDonald's MCD $99.58 -0.97 0.96% 3,091,805 NYSE:No mentions found.
Merck MRK $37.43 -0.32 0.85% 7,251,606 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland.
Microsoft MSFT $25.82 -0.22 0.84% 29,793,499 NASDAQ-GS: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Pfizer PFE $21.53 -0.24 1.1% 25,977,348 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland. IBM announced the election of Virginia M. Romety as its new CEO.
Procter & Gamble PG $66.54 -0.25 0.37% 4,138,746 NYSE:No mentions found.
MMM $81.15 -1.13 1.37% 2,612,284 NYSE:No mentions found.
Travelers TRV $58.86 -0.67 1.13% 1,719,645 NYSE:No mentions found.
United Technologies UTX $73.13 -0.90 1.22% 2,545,635 NYSE:No mentions found.
Verizon VZ $39.76 -0.23 0.58% 6,800,246 DualListed: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Walmart WMT $59.73 -0.10 0.17% 5,239,116 NYSE: WSJ pB3 "Retailers wait for guidance on restocking baby formula" by John Kell says Walmart will wait to get the ok from US regulators before restorcking Enfamil Newborn powder that was pulled due to safety issues.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,396 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 and Dow 30 components' SEC filings in each case as of December 1, 2011.
The Dow Jones Industrial Average closed Thursday at 12,287.04 up 135.63 or 1.12% from Wednesday's close of 12,151.41. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was IBM $186.18 +2.19 1.19% 2,941,490 NYSE and percentage-wise was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 13.14 down from Wednesday's trailing P/E ratio of 13.29 (year ago it was 14.77); Thursday's P/E estimate is 12.37 unchanged from Wednesday's P/E estimate of 12.37 (year ago it was 13.54), and Thursday's dividend yield is 2.62 up from Wednesday's dividend yield of 2.59 (last year it was 2.48). 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 1,623.48 up 17.928.61 from Wednesday's closing numerator of 1,605.56. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator 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 $54.12 up $0.60 from Wednesday's average closing price of $53.52. The median closing price of Thursday's Dow Jones Industrial Average was $43.93 (DD/HD) up $0.43 from Wednesday's median closing price of $43.50. The lowest volume was Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE and the highest volume again was Bank of America BAC $5.46 +0.175 3.31% 167,605,521 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 $1,792 ($162,348 - $160,556).
MarketWatch Thursday 12/29/11 4:32 pm by Kate Gibson says U.S. stocks climbed Thursday, lifting the S&P 500 back into positive turf for the year, after a report illustrating the U.S. labor market is healing as 2012 approaches. Data from the Labor Department had U.S. jobless claims came in at 381,000, up from 366,000 the prior week. But the four-week moving average fell to 375,000 last week, with fewer Americans filing for jobless benefits during the past month than at any time in the past three years. Read more about jobless claims. A last-minute surge of deal-seeking shoppers delivered better-than-expected holiday sales as nervous retailers lured latecomers with extended hours and steep discounts. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos. Recouping nearly all of the prior day’s 140-point fall, the Dow Jones Industrial Average DJIA +1.12% closed at 12,287.04, up 135.63 points, or 1.1%. All 30 of its components gained, with the blue chips up 6.1% for 2011, with one session to go. Up 0.4% for the year, the S&P 500 Index SPX +1.07% rose 13.38 points, or 1.1%, to 1,263.02, with financial firms pacing gains that including all 10 of its major industry groups.The Nasdaq Composite COMP +0.92% gained 23.76 points, or 0.9%, to 2,613.74. With one session left for 2011, the index is off 1.5% from the end of 2010. For every stock that fell, nearly four gained on the New York Stock Exchange, where a paltry 352 million shares traded. Composite volume neared 2.3 billion. On the New York Mercantile Exchange, crude-oil futures CL2G +0.15% finished at $99.65 a barrel, up 29 cents, or 0.3%. Gold futures GC2G +0.51% fell for a sixth session, losing $23.20, or 1.5%, to end at $1,540.90 an ounce on the Comex division of the Nymex. Read more about gold’s descent. The National Association of Realtors reported the number of Americans signing contracts to purchase previously owned homes climbed a far-more-than forecast 7.3% in November.
Overseas, Italy sold 7.02 billion euros, or $9 billion, of bonds, less than targeted, as borrowing costs fell in the nation’s last debt auction of 2011.
“There are no signs of new investment positions heading into year end, and that means we are not likely to get an exciting finish to 2011,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The fact is, investors are writing off 2011,” said Pado, noting the S&P looked to be ending the year flat, with the Dow up and Nasdaq down. “If European news can stay out of the way, investors can focus on earnings next month, but that’s a tall order,” he said. On Wednesday, worries about Europe’s debt crisis had U.S. stocks closing with sharp losses, erasing the S&P 500’s small rise for the year and retreating back below its 200-day moving average.
Next Friday brings the government’s payrolls report for December, with the data viewed as the next key hurdle for equities, at least on the domestic front.
Thursday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.17 +0.22 0.73% 17,746,915 NYSE
Alcoa AA $8.63 +0.11 1.29% 17,939,054 NYSE
American Express AXP $47.52 +0.55 1.17% 2,898,368 NYSE
Bank of America BAC $5.46 +0.175 3.31% 167,605,521 NYSE
Boeing BA $74.11 +0.85 1.16% 2,748,861 NYSE
Catepillar CAT $90.58 +1.21 1.35% 3,569,309 NYSE
Chevron CVX $107.47 +1.51 1.43% 4,468,287 NYSE
CSCO $18.25 +0.09 0.5% 17,637,218 NASDAQ-GS
Coke KO $70.16 +0.65 0.94% 4,366,199 NYSE
Disney DIS $37.71 +0.47 1.26% 5,022,466 NYSE
DuPont DD $45.85 +0.39 0.86% 3,255,047 NYSE
Exxon XOM $85.27 +1.09 1.29% 10,865,843 NYSE
GE $18.07 +0.24 1.35% 43,266,038 NYSE
Hewlett-Packard HPQ $25.62 +0.42 1.67% 9,141,072 NYSE
Home Depot HD $42.01 +0.48 1.16% 6,296,722 NYSE
Intel INTC $24.55 +0.325 1.34% 22,319,235 NASDAQ-GS
IBM $186.18 +2.19 1.19% 2,941,490 NYSE
JPMorgan JPM $33.42 +0.77 2.36% 19,791,396 NYSE
Johnson & Johnson JNJ $65.88 +0.43 0.66% 5,702,092 NYSE
Kraft KFT $37.68 +0.42 1.13% 4,103,853 NYSE
McDonald's MCD $100.81 +1.23 1.24% 3,985,119 NYSE
Merck MRK $37.73 +0.30 0.8% 6,860,564 NYSE
Microsoft MSFT $26.02 +0.20 0.77% 22,606,585 NASDAQ-GS
Pfizer PFE $21.71 +0.18 0.84% 19,671,977 NYSE
Procter & Gamble PG $66.97 +0.43 0.65% 4,425,752 NYSE
MMM $82.11 +0.96 1.18% 1,935,126 NYSE
Travelers TRV $59.68 +0.82 1.39% 1,579,099 NYSE
United Technologies UTX $73.82 +0.69 0.94% 2,499,748 NYSE
Verizon VZ $40.05 +0.29 0.73% 8,399,251 DualListed
Walmart WMT $59.99 +0.26 0.44% 6,332,105 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of the print edition of Thursday's Wall St. Journal 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 AverageThe Dow Jones Industrial Average closed Wednesday at 12,151.41 down 139.94 or 1.14% from Tuesday's close of 12,291.35. For the year the Dow is up 5%. Of the 30 Dow components all 30 declined. The biggest decliner dollar-wise was Caterpillar CAT $89.37 -2.18 2.38% 5,238,521 NYSE and percentage-wise was Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE.
WSJ pC1 "Unease on Italy ruffles markets" by Jonathan Cehng says the market's holiday from Europe's troubles lasted just a week as concerns about the health of the euro drove the euro to a 14 month low and sent the S&P into negative territory for the year. The Dow had its worst loss in 2 weeks. Bank of America was the worst performer of the day falling 20 cents or 3.6% to $5.29 to bring its slide for the year to 60%.
Wednesday's Dow Jones Industrial Average closing numerator was 1,605.56 down 18.61 from Tuesday's closing numerator of 1,624.05. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $53.52 down $0.61 from Tuesday's average closing price of $54.13. The median closing price of Wednesday's Dow Jones Industrial Average was $43.50 (DD/HD) down $0.73 from Tuesday's median closing price of $44.23. The lowest volume was Travelers TRV $58.86 -0.67 1.13% 1,719,645 NYSE and the highest volume again was Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,861 ($162,417 - $160,556).
MarketWatch Wednesday 12/28/11 4:33 pm by Kate Gibson says U.S. stocks suffered significant losses Wednesday, with the S&P 500 retreating to the loss column for 2011, on concern about Italy’s next auction of government debt. “Italy did have a decent short-term auction today, and markets responded neutrally to reasonably well to that, but what is causing market participants greater concern is the longer-term sale tomorrow,” said Mike McGervey, president of McGervey Wealth Management in North Canton, Ohio. “It doesn’t take a whole lot to push prices around when we see volume this light, whether stocks or currencies,” McGervey added of the thin volumes in the holiday-shortened trading week. The Dow Jones Industrial Average DJIA -1.14% fell 139.94 points, or 1.1%, to 12,151.41 with all of its 30 components ending in the red. The Dow held a 5% gain for the year, with two sessions remaining. “It has to do with the more defensive nature of some of the Dow stocks,” said McGervey. “Some of the industrials have benefited from modest signs of growth, and a lot of people look at those giants as larger dividend paying stocks.” Back in negative terrain for 2011, the S&P 500 Index SPX -1.25% shed 15.79 points, or 1.3%, to 1,249.64, with natural-resource and energy shares hardest hit among its 10 major industry groups. The Nasdaq Composite COMP -1.34% declined 35.22 points, or 1.3%, to 2,589.98, leaving the index in the red by 2.4% for the year. “Volume is pretty light, or virtually nonexistent, so it doesn’t take much,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in San Francisco. For every stock rising four fell on the New York Stock Exchange, where volume came to a tepid 542 million. Composite volume topped 2.3 billion. Crude futures fell $1.98 to $99.36 a barrel on the New York Mercantile Exchange, with Saudi Arabia saying it would counter any drop in oil supplies should Iran follow through on its threat to block a key tanker route in the Middle East. Gold prices also fell, with the futures contract for February delivery down $31.40 to end at $1,564.10 an ounce. Retail sales are among the factors supportive of a “modest economic growth story” in the United States,” said McGervey of the International Council of Shopping Centers and Goldman Sachs report that sales at U.S. retailers climbed 4.5% last week from a year ago. Moreover, he noted, “corporate profits have certainly done their fair share of keeping things together, any sign of top-line growth is going to push corporations very solidly into the black, and hopefully that will be the tailwind of the next move in prices, but the headwind is the whole European story, and it’s a strong headwind.” The ECB said that its lending to euro-area banks leapt last week as the Frankfurt-based ECB strived to keep credit moving amidst the region’s debt crisis. Read more on the session for Italian stocks and investors’ reactions to Italian debt auction. Italy’s 10-year note yield rose, lately at 6.973%. Most analysts regard the 7% level as unsustainable for the euro-area’s third largest economy. The euro EURUSD -.00% fell to 1.2937 against the U.S. dollar. Italy’s short-term debt costs fell at auction, boosted by the government’s recent austerity plan and inexpensive liquidity from the European Central Bank. But Wednesday sale by Italy of 9 billion euros, or $11.8 billion, of six-month bills was viewed as less of a hurdle than Thursday’s planned sale of as much as 8.5 billion euros in longer-maturity debt. The “risk-off” trade is disappointing, given Italy’s sale of short-term debt on Wednesday seemed “well-received,” Luschini said. But, “it could be in anticipation of a rougher day tomorrow.” Luschini added of Thursday’s sale of longer-dated Italian debt.
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.95 -0.09 0.3% 16,627,580 NYSE: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Alcoa AA $8.52 -0.27 3.07% 26,138,806 NYSE: No mentions found.
American Express AXP $46.97 -0.69 1.45% 3,823,194 NYSE:No mentions found.
Bank of America BAC $5.285 -0.195 3.56% 145,680,615 NYSE: WSJ pC1 "Unease on Italy ruffles markets" by Jonathan Cehng says the market's holiday from Europe's troubles lasted just a week as concerns about the health of the euro drove the euro to a 14 month low and sent the S&P into negative territory for the year. The Dow had its worst loss in 2 weeks. Bank of America was the worst performer of the day falling 20 cents or 3.6% to $5.29 to bring its slide for the year to 60%.
Boeing BA $73.26 -1.01 1.36% 2,567,421 NYSE:No mentions found.
Caterpillar CAT $89.37 -2.18 2.38% 5,238,521 NYSE:No mentions found.
Chevron CVX $105.96 -2.02 1.87% 5,305,073 NYSE:No mentions found.
CSCO $18.16 -0.42 2.26% 26,725,985 NASDAQ-GS:No mentions found.
Coke KO $69.51 -0.37 0.53% 4,051,579 NYSE:No mentions found.
Disney DIS $37.24 -0.37 0.98% 4,633,287 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland.
DuPont DD $45.46 -0.77 1.67% 3,461,653 NYSE:No mentions found.
Exxon XOM $84.18 -1.10 1.29% 12,765,776 NYSE:No mentions found.
GE $17.83 -0.18 1% 38,987,710 NYSE:No mentions found.
Hewlett-Packard HPQ $25.2 -0.45 1.75% 10,461,737 NYSE:No mentions found.
Home Depot HD $41.53 -0.69 1.63% 5,130,103 NYSE:No mentions found.
Intel INTC $24.225 -0.335 1.36% 23,693,466 NASDAQ-GS:No mentions found.
IBM $183.99 -0.96 0.52% 2,871,588 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland. IBM announced the election of Virginia M. Romety as its new CEO.
JPMorgan JPM $32.65 -0.38 1.15% 19,141,514 NYSE:No mentions found.
Johnson & Johnson JNJ $65.45 -0.57 0.86% 5,866,667 NYSE:No mentions found.
Kraft KFT $37.26 -0.44 1.17% 4,317,035 NYSE:No mentions found.
McDonald's MCD $99.58 -0.97 0.96% 3,091,805 NYSE:No mentions found.
Merck MRK $37.43 -0.32 0.85% 7,251,606 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland.
Microsoft MSFT $25.82 -0.22 0.84% 29,793,499 NASDAQ-GS: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Pfizer PFE $21.53 -0.24 1.1% 25,977,348 NYSE: WSJ pB1 "Twelve global executives to watch in '12" by Jonathan Rockoff says in his first year Merck's CEO Kenneth Frazier did a good job and vowed to protect his firm from the deep R&D cuts like Pfizer made. Disney's CEO Robert Iger said he would resign in '15 setting up a race between Tom Staggs & Jay Rasulo to succeed him. Rasulo is CFO and Staggs heads up development of Shanghai Disneyland. IBM announced the election of Virginia M. Romety as its new CEO.
Procter & Gamble PG $66.54 -0.25 0.37% 4,138,746 NYSE:No mentions found.
MMM $81.15 -1.13 1.37% 2,612,284 NYSE:No mentions found.
Travelers TRV $58.86 -0.67 1.13% 1,719,645 NYSE:No mentions found.
United Technologies UTX $73.13 -0.90 1.22% 2,545,635 NYSE:No mentions found.
Verizon VZ $39.76 -0.23 0.58% 6,800,246 DualListed: WSJ pB4 "Top stories of '11: all Appple all the time" by Jessica Vascellaro says big stories from '11 included Microsoft's co-founder Paul Allen lashing out as Bill Gates in a memoir, and Verizon wireless carrying the iPhone, ending AT&T's 4 year exclusivity.
Walmart WMT $59.73 -0.10 0.17% 5,239,116 NYSE: WSJ pB3 "Retailers wait for guidance on restocking baby formula" by John Kell says Walmart will wait to get the ok from US regulators before restorcking Enfamil Newborn powder that was pulled due to safety issues.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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 Lowell McAdam (NY, NY) Lowell C. McAdam
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8
Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes
Caterpiller CAT: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
Chevron CVX: 11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich
Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
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