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Post No. 1,383 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 Wednesday at 12,107.74 up 4.16 or 0.03% from Tuesday's close of 12,103.58. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was Chevron CVX $105.43 +1.76 1.7% 8,154,082 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $181.47 -5.77 3.08% 9,272,017 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of today's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 13.09 up from yesterday's trailing P/E ratio of 12.73 (year ago it was 14.70); today's P/E estimate is 12.20 unchanged from Tuesday's P/E estimate of 12.20 (year ago it was 13.43), and today's dividend yield is 2.62 down from yesterday's dividend yield of 2.70 (last year it was 2.49). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,599.79 up 7.75 from Tuesday's closing numerator of 1,592.24. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $53.33 up $0.02 from Tuesday's average closing price of $53.31. The median closing price of Wednesday's Dow Jones Industrial Average was $43.59 (DD/HD) up $0.57 from Tuesday's median closing price of $43.02. The lowest volume was Travelers TRV $59.09 +0.94 1.62% 2,926,268 NYSE and the highest volume again was Bank of America BAC $5.23 +0.06 1.16% 203,204,242 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $775 ($159,930 - $159,979).
MarketWatch Wednesday 12/21/11 5:50 pm by Laura Mandaro & Kate Gibson swung to a slightly higher close Wednesday, boosted by a bounce from some technical levels and late-breaking reports on Yahoo Inc. and Bank of America Corp. The Nasdaq Composite, however, ended the day lower, weighed by unease over Oracle Corp. ORCL +0.12% earnings that hit the tech sector. Gains for the other benchmarks were also limited by worries about the consequences of the European Central Bank’s recent lending program. The Dow Jones Industrial Average ended up 4.16 points, or 0.03%, at 12,107.74 points after falling as much as 104 points at midday and spending most of the session lower. The S&P 500 SPX +0.20% ended up 2.42 points, or 0.2%, at 1,243.72, with technology the only one of the index’s 10 sectors to end lower. U.S. stocks started to cut their losses in the last hour of trading as both Bank of America Corp. and Yahoo Inc. shares made a sharp reversal higher. Late in the session, the Justice Department announced a $335 million settlement with B. of A. over alleged discriminatory lending practices by its Countrywide Financial Corp. unit, putting an end to one legal issue hanging over the company. B. of. A. ended 1.2% higher. Also, the Wall Street Journal reported on its website that Yahoo is discussing a plan to cut its stake in Alibaba Group Holding Ltd. to about 15% from 40% as part of a tax-free transaction valued at between $17 billion and $18 billion. Yahoo shares ended 5.8% higher. Besides the bank settlement and Yahoo news, some technical actions likely supported gains, said Stifel Nicolaus option/market strategist Elliot Spar. “It’s a really good step in restoring the health of banks in Europe, but the one piece that is missing is time. That’s why the market is down; it’s not going to lead to them [European banks] to buying sovereign debt, making loans or help the economy of Europe for quite some time,” said Hugh Johnson, chairman of Hugh Johnson Advisors in Albany, N.Y. The ECB loaned 489 billion euros, or $639 billion, to 523 banks for three years — the biggest such injection into the banking system in the 13-year history of the region’s shared currency. On Tuesday, equities rallied on upbeat economic news from Europe and a jump in new-home construction in the United States, with the Dow rising 337 points, its best performance so far this month. The Nasdaq Composite Index COMP -0.99% shed 25.76 points, or 1%, to 2,577.97. Oracle’s results late Tuesday underlined concern that big business and government bodies were cutting back on technology expenditures. Shares of the business-software provider ended down 12%, its biggest drop in nearly a decade. “Oracle is clearly not good news; it’s not good news for Oracle and it’s not good news for technology. The sector has not been performing well, period, on a relative basis,” said Johnson Advisors’ Johnson. “Everybody might think this is a one-time, back-end loaded miss, but it may be a sign of more difficult times ahead for technology companies,” noted Johnson. Advancers nearly doubled decliners on the New York Stock Exchange, where 824 million shares traded hands. BAC 5.21, -0.02, -0.38% B. of. A. shares bounce higher.
“The S&P at its worst today only gave back 1% of yesterday’s gain,” while the New York Stock Exchange advancers/decliners turned positive around 3 p.m. Eastern, he noted. “Markets clawed their way back simply from a deeply oversold condition,” said Keith Springer, president of Springer Financial Advisors. “The sellers are tired and gone on vacation,” he said.
Stocks had spent most of the session in the red following the European Central Bank’s offer to lend a record amount to euro-area banks.
Hope that came with the ECB’s loan plan faded on worries that it would not increase lending between banks nor reduce the huge debt burdens of European governments.
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.3 +0.18 0.62% 27,530,603 NYSE
Alcoa AA
$8.85 -0.03 0.34% 26,189,694 NYSE
American Express AXP
$47.49 -0.43 0.9% 6,222,978 NYSE
Bank of America BAC
$5.23 +0.06 1.16% 203,204,242 NYSE
Boeing BA
$73.59 +1.15 1.59% 5,471,085 NYSE
Caterpillar CAT
$91.63 -0.10 0.11% 7,166,439 NYSE
Chevron CVX
$105.43 +1.76 1.7% 8,154,082 NYSE
Cisco CSCO
$17.92 -0.485 2.64% 57,520,600 NASDAQ-GS
Coke KO
$69.57 +1.17 1.71% 9,341,610 NYSE
Disney DIS
$36.27 +0.10 0.28% 8,213,677 NYSE
DuPont DD
$45.18 +0.17 0.38% 4,872,827 NYSE
Exxon XOM
$83.12 +1.12 1.37% 19,124,290 NYSE
GE
$17.69 +0.41 2.37% 79,340,552 NYSE
Hewlett-Packard HPQ
$25.44 -0.47 1.81% 19,666,573 NYSE
Home Depot HD
$42 0.05 +0.12% 12,067,087 NYSE
Intel INTC
$23.68 -0.16 0.67% 45,071,163 NASDAQ-GS
IBM
$181.47 -5.77 3.08% 9,272,017 NYSE
JPMorgan JPM
$32.32 +0.11 0.34% 30,517,062 NYSE
Johnson & Johnson JNJ
$64.96 +0.44 0.68% 8,462,626 NYSE
Kraft KFT
$37.35 +0.44 1.19% 12,043,367 NYSE
McDonald's MCD
$99.2 +0.38 0.38% 5,400,042 NYSE
Merck MRK
$37.33 +0.26 0.7% 13,138,698 NYSE
MSFT
$25.76 -0.265 1.02% 64,124,490 NASDAQ-GS
Pfizer PFE
$21.68 +0.22 1.03% 44,878,530 NYSE
Procter & Gamble PG
$66 +0.21 0.32% 9,457,043 NYSE
MMM
$80 -0.31 0.39% 3,605,712 NYSE
Travelers TRV
$59.09 +0.94 1.62% 2,926,268 NYSE
United Technologies UTX
$73.62 -0.78 1.05% 6,170,231 NYSE
Verizon VZ
$39.23 +0.02 0.05% 14,991,847 DualListed
Walmart WMT
$59.39 +0.20 0.34% 8,544,123 NYSE
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The following are excerpts from Wednesday morning's Blog.
A read of the print editions of Wednesday'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 Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,103.58 up 337.32 or 2.87% from Monday's close of 11,766.26. For the year the Dow is up 4.54%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise and percentage-wise was Catepillar CAT $91.735 +4.485 5.14% 7,437,028 NYSE.
WSJ pC1 "Stocks reverse gear, up 337" by Jonathan Cheng says global stocks jumped, driving major indexes to their biggest one day gain this month. Positive news brom both side of the Atlanta pushed prices up as Spain did its 2nd successful debt auction in 2 weeks. In Germany, a business climate survey yielded better results than expected. In the US, domestic home building jumped to its highest level in 2 years. Caterpillar led the Dow higher rising $4.48. JPMorgan gained 1.51 and Bank of America gained 18 cents. AT&T added 38 cents after it withdrew its $39 bil bid for T-Mobile and wold pay $3 bil in cash and turn over some of its wireless spectrum to T-Mobile as a break up fee. JPMorgan is charted under goods news as fin'l stocks advanced on good news.
Fin Times p24 "Housebuilders tand out in S&P's best session of the month so far" by Ajay Makan says homebuilders led a strong rally in US stocks as the S&P enjoyed its best day so far in Dec. Home improvement retailers were boosted as Home Depot was up 4.3%. AT&T lagged the market, but was still up 1.3% despite calling time on its bid to buy T Mobile.
Inv. Bus. Daily pA1 "Indexes score big gains in higher trade" by Vic Reklaitis says stocks charged ahead out of the gae & finished strong Tues confirming a new market uptrend. Tuesday's action was "market follows through" as the current outlook is "in confirmed uptrend."
NYT pB3 "Markets jump in US and Europe on positive economic data" by Christine Hauser says stocks surged on Tues, partly a result of positive economic data on the housing sector in the US and brighter signals from the euro zone.
USA Today p6B "Good news for new housing sends markets much higher" by Bloomberg says US stocks climbed Tues giving the S&P its biggest gain of the month as better thane estimated housing starts added to expectations the world's largest economy will weather Europe's debt crisis.
Tuesday's Dow Jones Industrial Average closing numerator was 1,592.24 up 38.57 from Monday's closing numerator of 1,554.67. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $53.31 up $1.49 from Monday's average closing price of $51.82. The median closing price of Tuesday's Dow Jones Industrial Average was $43.02 (DD/HD) up $1.30 from Monday's median closing price of $41.72. The lowest volume was Travelers TRV $58.13 +1.42 2.5% 3,285,072 NYSE and the highest volume again was Bank of America BAC $5.16 +0.175 3.51% 222,404,653 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $3,857 ($159,930 - $155,467).
MarketWatch Tuesday 12/20/11 3:54 pm by Laura Mandaro and Deborah Levine says US stocks surged Tuesday, sending the Dow back above 12,000, as sentiment about the global economy got a boost from a jump in the nation’s housing starts, improving German confidence data and a better Spanish bond auction. Rebounding from the prior day’s losses, the Dow Jones Industrial Average rallied 331 points, or 2.8%, to 12,097.83, with all 30 blue-chip components higher. The S&P 500 jumped 36 points, or 2.9%, to 1,241, led by financial firms. All 10 subsectors were higher. The Nasdaq Composite advanced 78 points, or 3%, to 2,601. Component heavyweight Apple Inc. rose 3.2%. Ahead of the opening bell, data showed new construction of U.S. houses rose 9.3% in November to a seasonally adjusted annual rate of 685,000 — the highest pace since April 2010. Economists polled by MarketWatch had expected a rate of 635,000 for last month. The housing data “I would put in the category of big surprises. That’s extremely good news,” said Hugh Johnson, chief investment officer of Hugh Johnson Advisors. “It’s evidence that a beleaguered sector of the economy is starting to stabilize and improve,” he said. Investors also got a burst of good news from Europe, where the heavy debt loads and surging borrowing costs of several euro-zone members have helped raise the prospect of a global recession. The Ifo Institute’s index of German business confidence edged higher in December, beating analysts’ expectations for the largest European economy. Also, Spain was able to sell short-term debt at a far lower yield than in the prior month’s auction, and yields on its 10-year bonds trading in the secondary market also pulled back to just over 5%. Combined with the housing data, “the news today was pretty darn good,” said Johnson, and likely persuaded investors to climb into a market that’s reached what some measures deem as undervalued. European efforts to avoid one or more sovereign debt defaults were also in the mix, as they have been for months. Talk that European banks were buying up substantial amounts of sovereign debt as part of a recently unveiled European Central Bank program contributed to the bullish mood, said Michael Jones, chief investment officer at RiverFront Investment Group. “It’s a good, short-term, temporary fix that can get Italy and Spain through their funding needs,” he said. European stocks rallied. The Stoxx Europe 600 index SXXP +2.04% rose 2% to 238.51. U.S. stocks finished about 1% lower on Monday, with the Dow industrials DJIA +2.87% down about 100 points after comments from the head of the European Central Bank and regional finance ministers left investors uneasy about efforts to curb the debt crisis gripping the euro zone. Within the Dow, a quintet of stocks rose more than 4%, led by a 5.5% gain in J.P. Morgan Chase & Co. JPM +0.14% shares. On the S&P 500, Pulte Home Group PHM -2.38% jumped 9%, leading a rally in homebuilders’ shares, after the housing starts data. D.R. Horton Inc. DHI +0.24% and Lennar Corp. were up more than 5%. Red Hat Inc. RHT -0.69% shares tumbled 8.8% after the software company reported a surge in earnings but issued a disappointing sales outlook late Monday. Navistar International Corp. NAV -0.03% shares jumped 6.9% after reporting that improved performance for its North American truck business lifted fourth-quarter profit to $255 million, or $3.48 a share, from $44 million, or 61 cents a share. Shares of Sprint Nextel Corp. S +9.26% rallied 10%, leading S&P 500 gainers. Rival AT&T Inc. T +0.14% late Monday dropped its $39 billion bid to buy Deutsche Telekom AG’s DTE -0.09% T-Mobile unit, after the deal met opposition from U.S. regulators. AT&T shares added 1.2%. ConAgra Foods Inc. CAG +0.03% , the Omaha, Neb.-based foods concern, said second-quarter net income fell 15% as sales rose 8.1%. Shares rose nearly 4%. Bank of America Corp. BAC +0.19% shares rebounded 3.9% to $5.18 after closing below $5 Monday for the first time in more than two years.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.11 +0.37 1.29% 31,846,867 NYSE: WSJ pC12 "Trouble on the Verizon for AT&T" by Rolfe Winkler, WSJ pC12 "T-Mobile on the Rebound" by Hester Plumridge, WSJ pB6 "Deutsche Telekom hunts for Plan B" by Chris Lawton, WSJ pA17 "How AT&T miscalculated" by Holman W. Jenkins, Jr. say AT&T has lost time to Verizon Wireless due to the time its spent on the busted T-Mobile deal. Besides the break-up fee, is AT&T has fallen further behind Verizon in terms of investing in its own network.
WSJ pB1 "The new antitrust era" by Thomas Catan says the Justice Dept's killing of the AT&T/T-Mobile era now changes how people will view them and gives them more power.
WSJ pC1 "Stocks reverse gear, up 337" by Jonathan Cheng says global stocks jumped, driving major indexes to their biggest one day gain this month. Positive news brom both side of the Atlanta pushed prices up as Spain did its 2nd successful debt auction in 2 weeks. In Germany, a business climate survey yielded better results than expected. In the US, domestic home building jumped to its highest level in 2 years. Caterpillar led the Dow higher rising $4.48. JPMorgan gained 1.51 and Bank of America gained 18 cents. AT&T added 38 cents after it withdrew its $39 bil bid for T-Mobile and wold pay $3 bil in cash and turn over some of its wireless spectrum to T-Mobile as a break up fee. JPMorgan is charted under goods news as fin'l stocks advanced on good news.
Inv. Bus. Daily pA4 "Apple, Google skip Mobile app rating plan" by Paul Korzeniowski discusses the rating system for video games and mobile apps by CTIA, the Wireless Association with support of AT&T, Microsoft, and Verizon.
Fin Times p24 "Housebuilders stand out in S&P's best session of the month so far" by Ajay Makan says homebuilders led a strong rally in US stocks as the S&P enjoyed its best day so far in Dec. Home improvement retailers were boosted as Home Depot was up 4.3%. AT&T lagged the market, but was still up 1.3% despite calling time on its bid to buy T Mobile.
Alcoa AA
$8.875 +0.345 4.04% 34,547,603 NYSE: No mentions found.
American Express AXP
$47.92 +1.88 4.08% 6,416,352 NYSE: No mentions found.
Bank of America BAC
$5.16 +0.175 3.51% 222,404,653 NYSE: No mentions found.
Boeing BA
$72.395 +2.235 3.19% 5,021,194 NYSE: No mentions found.
Catepillar CAT
$91.735 +4.485 5.14% 7,437,028 NYSE:
WSJ pC1 "Stocks reverse gear, up 337" by Jonathan Cheng says global stocks jumped, driving major indexes to their biggest one day gain this month. Positive news brom both side of the Atlanta pushed prices up as Spain did its 2nd successful debt auction in 2 weeks. In Germany, a business climate survey yielded better results than expected. In the US, domestic home building jumped to its highest level in 2 years. Caterpillar led the Dow higher rising $4.48. JPMorgan gained 1.51 and Bank of America gained 18 cents. AT&T added 38 cents after it withdrew its $39 bil bid for T-Mobile and wold pay $3 bil in cash and turn over some of its wireless spectrum to T-Mobile as a break up fee. JPMorgan is charted under goods news as fin'l stocks advanced on good news.
Chevron CVX
$103.565 +3.845 3.86% 6,261,388 NYSE: No mentions found.
CSCO
$18.405 +0.715 4.04% 43,906,986 NASDAQ-GS: No mentions found.
Coke KO
$68.4 +1.03 1.53% 7,743,409 NYSE: No mentions found.
Disney DIS
$36.155 +1.405 4.04% 9,243,061 NYSE: No mentions found.
DuPont DD
$45.01 +1.77 4.09% 6,377,918 NYSE: No mentions found.
Exxon XOM
$81.945 +2.415 3.04% 17,994,175 NYSE: No mentions found.
GE
$17.265 +0.405 2.4% 57,291,476 NYSE: No mentions found.
Hewlett-Packard HPQ
$25.885 +0.755 3% 13,979,952 NYSE: No mentions found.
Home Depot HD
$41.94 +1.74 4.33% 18,042,936 NYSE: Fin Times p24 "Housebuilders tand out in S&P's best session of the month so far" by Ajay Makan says homebuilders led a strong rally in US stocks as the S&P enjoyed its best day so far in Dec. Home improvement retailers were boosted as Home Depot was up 4.3%. AT&T lagged the market, but was still up 1.3% despite calling time on its bid to buy T Mobile.
Intel INTC
$23.84 +0.745 3.23% 44,527,507 NASDAQ-GS: Fin Times p14 "Netbooks" by follows the decline of the netbooks since Intel came out with the Atom chip in '08 due to competition from iPad and higher power laptops.
IBM
$187 +4.11 2.25% 4,224,556 NYSE: No mentions found.
JPMorgan JPM
$32.215 +1.515 4.93% 44,912,884 NYSE: WSJ pC1 "MF Global transfer draws scrutiny" by Scott Patterson says 3 days before MF Global Holdings filed bankruptcy, it moved to a company account at JPMorgan $200 million and JPMOrgan asked if it followed GFTC rules.
WSJ pC2 "Fed details new bank rules" by Victoria McGrane says the new credit exposures between any of the nation's six biggest banks, including JPMorgan and Bank of America wold be limited to 10% of a firm's capital under proposed new rules.
WSJ pC1 "Stocks reverse gear, up 337" by Jonathan Cheng says global stocks jumped, driving major indexes to their biggest one day gain this month. Positive news brom both side of the Atlanta pushed prices up as Spain did its 2nd successful debt auction in 2 weeks. In Germany, a business climate survey yielded better results than expected. In the US, domestic home building jumped to its highest level in 2 years. Caterpillar led the Dow higher rising $4.48. JPMorgan gained 1.51 and Bank of America gained 18 cents. AT&T added 38 cents after it withdrew its $39 bil bid for T-Mobile and wold pay $3 bil in cash and turn over some of its wireless spectrum to T-Mobile as a break up fee. JPMorgan is charted under goods news as fin'l stocks advanced on good news.
Johnson & Johnson JNJ
$64.5325 +1.0025 1.58% 9,538,386 NYSE: No mentions found.
Kraft KFT
$36.9 +0.68 1.88% 7,587,388 NYSE: WSJ pB4 "A path to value: spinoffs" by Vipal Monga says Kraft, Fortune and Abbott led this year's parade of high profile spinoffs, but even more firms are likely to follow them next year.
McDonald's MCD
$98.79 +1.55 1.59% 4,861,222 NYSE: No mentions found.
Merck MRK
$37.06 +0.59 1.62% 17,009,789 NYSE: AJC pA16 "Merck settles suit with Mass for $24 mil" says Merck will pay Mass this amount to settle a civil lawsuit accusing a former subsidiary of causing the state to overpay pharmacists for a widely used asthma medication.
Microsoft MSFT
$26.025 +0.495 1.94% 59,718,920 NASDAQ-GS: WSJ Pb3 "Microsoft, Nokia flirted with RIM" by Will Connors says Microsoft and Nokia inr ecent months flirted with the idea of making a joint bid for Research in Motion.
Pfizer PFE
$21.475 +0.335 1.58% 53,487,628 NYSE: No mentions found.
Procter & Gamble PG
$65.79 +0.84 1.29% 9,255,587 NYSE: No mentions found.
MMM
$80.31 +2.49 3.2% 4,571,800 NYSE: No mentions found.
Travelers TRV
$58.13 +1.42 2.5% 3,285,072 NYSE: No mentions found.
United Technologies UTX
$74.4 +2.65 3.69% 4,618,576 NYSE: No mentions found.
Verizon VZ
$39.21 +0.58 1.5% 19,828,980 DualListed: WSJ pC12 "Trouble onthe Verizon for AT&T" by Rolfe Winkler, WSJ pC12 "T-Mobileon the Rebound" by Hester Plumridge say AT&T has lost time to Verizon Wireless due to the time its spent on the busted T-Mobile deal. Besides the break-up fee, is AT&T has fallen further behind Verizon in terms of investing in its own network.
Inv. Bus. Daily pA4 "Apple, Google skip Mobile app rating plan" by Paul Korzeniowski discusses the rating system for video games and mobile apps by CTIA, the Wireless Association with support of AT&T, Microsoft, and Verizon.
Walmart WMT
$59.19 +1.41 2.44% 10,686,271 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ 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