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Post No. 1,450 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 January 1, 2012.
The Dow Jones Industrial Average closed Tuesday at 12,632.91 down 20.81 or 0.16% from Monday's close of 12,665.72. Of the 30 Dow components 14 gained and 15 declined. The biggest gainer dollar-wise was United Technologies UTX $78.35 +0.74 0.95% 5,886,035 NYSE and percentage-wise was JPMorgan JPM $37.39 +0.38 1.03% 24,267,954 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $109.36 -1.05 0.95% 6,229,136 NYSE and percentage-wise was American Express AXP $50.165 -1.045 2.13% 5,564,260 NYSE.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.01 up from yesterday's trailing P/E ratio of 13.98 (year ago it was 14.50); today's P/E estimate is 12.15 unchanged from Monday's P/E estimate of 12.15 (year ago it was 12.63), and today's dividend yield is 2.53 unchanged from yesterday's dividend yield of 2.53 (last year it was 2.42). 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.
Tuesday's Dow Jones Industrial Average closing numerator was 1,669.18 down 2.75 from Monday's closing numerator of 1,671.93. 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 Tuesday's Dow Jones Industrial Average was $55.64 down $0.09 from Monday's average closing price of $55.73. The median closing price of Tuesday's Dow Jones Industrial Average was $47.31 (AXP/HD) up $0.36 from Monday's median closing price of $46.95. The lowest volume was Travelers TRV $58.3 +0.19 0.33% 2,735,620 NYSE and the highest volume again was Bank of America BAC $7.135 +0.065 0.92% 196,897,661 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 lost $275 ($167,193 - $166,918).
MarketWatch Tuesday 1/31/12 4:10 pm by Kate Gibson says U.S. stocks on Tuesday closed the books on Wall Street's best January in more than a decade, with the indexes mostly slipping after U.S. economic data failed to live up to its billing. Both the Dow Jones Industrial Average DJIA -0.16% and the S&P 500 SPX -0.05% recorded their best percentage jump for the month of January since 1997. The Nasdaq Composite COMP +0.07% recorded its best January since 2001. The Dow industrials lost 20.81 points, or 0.2%, to 12,632.91, up 3.4% for January in its fourth straight monthly gain. The S&P 500 fell less than a point to 1,312.41, up 4.4% for the month, while the Nasdaq Composite rose nearly 2 points to 2,813.84, up 8% for January.
Tuesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.42 +0.08 0.27% 24,632,060 NYSE
Alcoa AA $10.165 -0.155 1.5% 23,368,942 NYSE
American Express AXP $50.165 -1.045 2.13% 5,564,260 NYSE
Bank of America BAC $7.135 +0.065 0.92% 196,897,661 NYSE
Boeing BA $74.3 +0.14 0.19% 4,108,561 NYSE
Caterpillar CAT $109.36 -1.05 0.95% 6,229,136 NYSE
Chevron CVX $103.125 -0.285 0.28% 6,396,166 NYSE
CSCO $19.645 +0.085 0.43% 39,603,379 NASDAQ-GS
Coke KO $67.53 -0.07 0.1% 5,162,326 NYSE
Disney DIS $38.9 -0.09 0.23% 8,307,524 NYSE
DuPont DD $50.95 -0.02 0.04% 5,228,274 NYSE
Exxon XOM $83.879- 1.611 1.88% 23,552,039 NYSE
GE $18.72 -0.18 0.95% 36,298,065 NYSE
Hewlett-Packard HPQ $27.99 +0.11 0.39% 11,309,316 NYSE
Home Depot HD $44.44 -0.33 0.74% 8,612,991 NYSE
Intel INTC $26.42 -0.32 1.2% 44,354,154 NASDAQ-GS
IBM $192.56 +0.06 0.03% 3,932,874 NYSE
JPMorgan JPM $37.39 +0.38 1.03% 24,267,954 NYSE
Johnson & Johnson JNJ $65.87 +0.16 0.24% 10,556,630 NYSE
Kraft KFT $38.28 +0.10 0.26% 5,227,254 NYSE
McDonald's MCD $99.02 +0.33 0.33% 4,864,297 NYSE
Merck MRK $38.3 -0.59 1.52% 13,317,234 NYSE
Microsoft MSFT $29.53 -0.08 0.27% 46,254,645 NASDAQ-GS
Pfizer PFE $21.46 -0.12 0.56% 48,857,815 NYSE
Procter & Gamble PG $63.04 -0.17 0.27% 10,877,213 NYSE
MMM $86.71 -0.63 0.72% 3,458,071 NYSE
Travelers TRV $58.3 +0.19 0.33% 2,735,620 NYSE
United Technologies UTX $78.35 +0.74 0.95% 5,886,035 NYSE
Verizon VZ $37.66 +0.05 0.13% 14,046,716 DualListed
Walmart WMT $61.38 +0.08 0.13% 8,466,003 NYSE
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The following are excerpts from Tuesday morning's Blog.
A read of the print editions of Tuesday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Monday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Monday at 12,665.72 down 6.74 or 0.05% from Friday's close of 12,660.46. For the year the Dow is up 3.57%. Of the 30 Dow components 14 gained, Cisco was unchanged and 15 declined. The biggest gainer dollar-wise was IBM $192.47 +2.01 1.06% 4,151,841 NYSE and percentage-wise was Microsoft MSFT $29.61 +0.38 1.3% 50,517,654 NASDAQ-GS. The biggest decliner dollar-wise was Procter & Gamble PG $63.21 -1.09 1.7% 12,407,487 NYSE and percentage-wise was Bank of America BAC $7.06 -0.23 3.16%217,784,072 NYSE.
WSJ pC4 "Fin'l shares drag on the Dow" by Chris Dieterich says stocks edged lower as investors fixed their attention on the standoff between Greece & its private creditors & a surge in Portugal's borrowing costs. Bank of America dropped 22 cents after Goldman cut it to neutral to buy.
Inv. Bus. Daily pA1 "Stocks close lower, but trim losses" by Vincent Mao says stocks lost ground Mon on worries over the euro zone but they finished well off the worst levels of the session as Monday's action saw stocks trim losses. The current outlook is a "confirmed uptrend."
NYT pB2 "Portugal suffers as loss of confidence in bonds sends yields higher" by Chris Hauser says investors fled out of bonds of weaker European nations on Mon sending yields on Portuguese gov bonds to a record high over concerns that the euro zone debt troubles were spreading beyond Greece.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Fin Times p22 "Analysts point to pawn shops & payday lenders as recent rally slows" by Ajay Makan says several analysts urged investors into US pawn lenders yesterday a group of stocks that have sat out the recent market rally but continue to show strong loan growth.
Monday's Dow Jones Industrial Average closing numerator was 1,671.93 down 0.89 from Friday's closing numerator of 1,672.82. 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 Monday's Dow Jones Industrial Average was $55.73 down $0.03 from Friday's average closing price of $55.76. The median closing price of Monday's Dow Jones Industrial Average was $46.95 (AXP/HD) down $0.41 from Friday's median closing price of $47.36. The lowest volume was Travelers TRV $58.11 +0.06 0.1% 2,332,214 NYSE and the highest volume again was Bank of America BAC $7.06 -0.23 3.16% 217,784,072 NYSE.
If Monday 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 $89 ($167,282 - $167,193).
MarketWatch Monday 1/30/12 3:26 pm by Kate Gibson says U.S. stocks moderated their losses Monday as telecommunications and technology companies advanced, offsetting concern that came with Portugal’s soaring borrowing costs. “Investors had started putting Europe on the back burner, but now we have a meeting today over there and sovereign bond yields rose overnight in Europe, so the market is paying a lot of attention to Europe today, but is taking it pretty well,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. After a 131-point drop, the Dow Jones Industrial AverageDJIA -0.05% was lately down 9.69 points, or nearly 0.1%, to 12,650.77, with 16 of its 30 components losing ground, led by Bank of America Corp. BAC -3.02% . The S&P 500 Index SPX -0.25% declined 3.70 points, or 0.3%, to 1,312.63 with the financial sector hit the hardest after a report that Germany wanted Greece to relinquish control of its budget process in exchange for another rescue package. “The failing of Greek debt restructuring talks at this late hour would be a disappointment,” said Bill Stone, chief investment strategist at PNC Asset Management Group. The discord came as European Union leaders met Monday in Brussels for their first summit of the year to finalize a deficit-reduction agreement and support the setting up of a rescue fund. “Portugal bond yields continue to spike. The 2-year yield today is up by 360 basis points to 20.78% and the 10-year is higher by 190 basis points to 17.14%,” Peter Boockvar, equity strategist at Miller Tabak wrote in a morning commentary. Read more on Portugal bonds. “At this rate, Portugal is going to move from the back to front burner in very, very short order,” offered Dan Greenhaus, chief global strategist at BTIG LLC.As a sector, technology shares advanced, boosted in part by Apple Inc. AAPL +0.03% , up 1.4%. After falling 34 points, the Nasdaq Composite COMP -0.16% was down 4.10 points, or 0.2%, at 2,812.46. “The buy the dip crowd is alive and well but today they focused on the Nasdaq,” said Elliot Spar, a strategist at Stifel Nicolaus. For every two shares gaining three fell on the New York Stock Exchange, where 491 million shares traded as of 3:15 p.m. Eastern. Crude-oil futures for March delivery CL2H -0.59% lost 78 cents to end at $98.78 a barrel. April gold futures GC2J -0.17% declined $1 to close at $1,734.40 an ounce. The Commerce Department reported U.S. consumer spending came to a virtual standstill in December after climbing 0.1% the month before. Read more on spending, incomes and the U.S. savings rate. Shares of Pep Boys — Manny, Moe and Jack PBY -0.43% leapt after the automotive services and retail chain agreed to be acquired by Gores Group for $791 million. Thomas & Betts Corp. TNB +23.05% surged as Swiss engineering conglomerate ABB Ltd. ABB -3.30% CH:ABBN -2.01% said it would buy the electrical-components maker for $3.9 billion.
Monday's Closing Dow Numbers are and Tuesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.34 +0.18 0.62% 28,024,125 NYSE: WSJ pC8 "Dragon could breathe fire into iPhone" by Rolfe Winkle says since launching the iPhone in '07 solely with AT&T in the US, its now available through 230 carries in more than 100 nations.
Alcoa AA
$10.31 -0.12 1.15% 18,962,139 NYSE: No mentions found.
American Express AXP
$49.14 -0.71 1.42% 5,211,574 NYSE: No mentions found.
Bank of America BAC
$7.06 -0.23 3.16% 217,784,072 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Boeing BA
$74.17 -0.38 0.51% 4,208,841 NYSE: No mentions found.
Caterpillar CAT
$110.41 -0.87 0.78% 5,923,241 NYSE: No mentions found.
Chevron CVX
$103.4 -0.56 0.54% 6,927,455 NYSE: No mentions found.
Cisco CSCO
$19.56 unch unch 31,021,902 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Coke KO
$67.45 +0.01 0.01% 4,946,244 NYSE: Daily Report p6 "Pepsi reinvigorates its rivalry with Coke" byDuane D. Stanford, Bloomberg says Pepsi is boosting its advertising and marketing budget by $600 mil to take back market share from Coke. This would take it up to $1.7bil and would try to regain investor confidence who questions whether Pepsico CEO Indra Nooyi has focused too much on healthier products.
WSJ pB8 "Coca-Cola Investment of $1 Bil is planned for Mexico" by Amy Guthrie, Inv. Bus. Daily pA2 "Coca-Cola" say Coke's ivnestment is part of a $5 bil 5 year investment plan in Mexico starting in '10.
Disney DIS
$39 -0.25 0.64% 8,126,951 NYSE: No mentions found.
DuPont DD
$50.96 +0.24 0.47% 4,818,131 NYSE: No mentions found.
Exxon XOM
$85.49 -0.34 0.4% 16,638,952 NYSE: Inv Bus. Daily pA2 "Exxon sells refining busienss" says it will sell its Japanese refining business to partner TonenGeneral Sekiyu for $3.9 bil as reported yesterday.l
GE
$18.89 -0.14 0.74% 35,918,323 NYSE: No mentions found.
Hewlett-Packard HPQ
$27.89 +0.01 0.04% 11,543,159 NYSE: WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
Home Depot HD
$44.76 -0.11 0.25% 6,440,549 NYSE: No mentions found.
Intel INTC
$26.74 +0.01 0.04% 50,968,694 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
IBM
$192.47 +2.01 1.06% 4,151,841 NYSE: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
JPMorgan JPM
$37.02 -0.19 0.51% 23,277,937 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan
Johnson & Johnson JNJ
$65.7 +0.14 0.21% 6,958,321 NYSE: WSJ pB9 "J&J shakes up McNeil unit again" by Jon Rockoff says McNeil that makes Tylenol and other otc medicines is naming new leadership less than a year afater manufacturing problems sparked a revamp. 2 company group chairmen are bing replaced.
Kraft KFT
$38.18 -0.29 0.75% 5,592,804 NYSE: No mentions found.
McDonald's MCD
$98.7 +0.01 0.01% 5,866,463 NYSE: WSJ pB4 "Wendy's spends on growth" by Annie Gasparro, Fin Times p16 "Wendy's eyes new front in burger wars" by Alan Rappeport, say Wendy's posted strong sales for 4Q. McDonald's is Wendy's biggest rival and had 4Q earnings rise 11% but concerns about higher costs this year weighed on its shares.
Merck MRK
$38.89 +0.37 0.96% 12,642,779 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
Microsoft MSFT
$29.61 +0.38 1.3% 50,517,654 NASDAQ-GS: WSJ pB7 "Facebook increases its lead in display as as its IPO looms" by Shayndi Raice says Facebook's sahre of the display ad market or banner ads on the Internet grew to 27.9% for '11. Trailing far behind are Microsoft and Google both have less than 5%.
Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Pfizer PFE
$21.58 +0.10 0.47% 35,664,608 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
WSJ pB9 "Pfizer set to seek Aprela nod" by Peter Loftus says Pfizer is seeking US regulatory approval for a new menopause drug to replace older hormone replacement therapies which have safety risks.
WSJ pA11 "Agencies, drug makers, Gates target 10 diseases" by Jeanne Whalen says Bill Gates is working with drug firms including Pfizer to develop a new drug capable of killing adult parasites.
Procter & Gamble PG
$63.21 -1.09 1.7% 12,407,487 NYSE: No mentions found.
3M MMM
$87.34 -0.12 0.14% 3,122,507 NYSE: No mentions found.
Travelers TRV
$58.11 +0.06 0.1% 2,332,214 NYSE: No mentions found.
United Technologies UTX
$77.61 -0.01 0.01% 4,750,649 NYSE: No mentions found.
Verizon VZ
$37.61 +0.40 1.07% 15,614,233 DualListed: WSJ pB1 "Verizon crosses web lines" by Anton Troianovski says Verizon Wireless stores in Seattle and Portland began offering home Internet, cable & tv service from Comcast. Verizon doesn't offer its competing FiOS broadband & TV services in those markets.
WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Walmart WMT
$61.3 +0.59 0.97% 7,568,767 NYSE: WSJ pB10 "Carrefour picks boss to fight hard battle" by Chris Passariello says Carrefour the second largest retailer in the world after Walmart named Georges Plassat as its new CEO.
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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
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
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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
3M MMM: 12/6/11 8K re eps guidance
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
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
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
Tuesday, January 31, 2012
1/31/12 Tues am Friday is Deadline for BofA, JPMorgan State Mortgage Settlement
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. 1,449 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 January 1, 2012.
A read of the print editions of Tuesday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Monday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Monday at 12,665.72 down 6.74 or 0.05% from Friday's close of 12,660.46. For the year the Dow is up 3.57%. Of the 30 Dow components 14 gained, Cisco was unchanged and 15 declined. The biggest gainer dollar-wise was IBM $192.47 +2.01 1.06% 4,151,841 NYSE and percentage-wise was Microsoft MSFT $29.61 +0.38 1.3% 50,517,654 NASDAQ-GS. The biggest decliner dollar-wise was Procter & Gamble PG $63.21 -1.09 1.7% 12,407,487 NYSE and percentage-wise was Bank of America BAC $7.06 -0.23 3.16%217,784,072 NYSE.
WSJ pC4 "Fin'l shares drag on the Dow" by Chris Dieterich says stocks edged lower as investors fixed their attention on the standoff between Greece & its private creditors & a surge in Portugal's borrowing costs. Bank of America dropped 22 cents after Goldman cut it to neutral to buy.
Inv. Bus. Daily pA1 "Stocks close lower, but trim losses" by Vincent Mao says stocks lost ground Mon on worries over the euro zone but they finished well off the worst levels of the session as Monday's action saw stocks trim losses. The current outlook is a "confirmed uptrend."
NYT pB2 "Portugal suffers as loss of confidence in bonds sends yields higher" by Chris Hauser says investors fled out of bonds of weaker European nations on Mon sending yields on Portuguese gov bonds to a record high over concerns that the euro zone debt troubles were spreading beyond Greece.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Fin Times p22 "Analysts point to pawn shops & payday lenders as recent rally slows" by Ajay Makan says several analysts urged investors into US pawn lenders yesterday a group of stocks that have sat out the recent market rally but continue to show strong loan growth.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.01 up from yesterday's trailing P/E ratio of 13.98 (year ago it was 14.50); today's P/E estimate is 12.15 unchanged from Monday's P/E estimate of 12.15 (year ago it was 12.63), and today's dividend yield is 2.53 unchanged from yesterday's dividend yield of 2.53 (last year it was 2.42). 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.
Monday's Dow Jones Industrial Average closing numerator was 1,671.93 down 0.89 from Friday's closing numerator of 1,672.82. 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 Monday's Dow Jones Industrial Average was $55.73 down $0.03 from Friday's average closing price of $55.76. The median closing price of Monday's Dow Jones Industrial Average was $46.95 (AXP/HD) down $0.41 from Friday's median closing price of $47.36. The lowest volume was Travelers TRV $58.11 +0.06 0.1% 2,332,214 NYSE and the highest volume again was Bank of America BAC $7.06 -0.23 3.16% 217,784,072 NYSE.
If Monday 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 $89 ($167,282 - $167,193).
MarketWatch Monday 1/30/12 3:26 pm by Kate Gibson says U.S. stocks moderated their losses Monday as telecommunications and technology companies advanced, offsetting concern that came with Portugal’s soaring borrowing costs. “Investors had started putting Europe on the back burner, but now we have a meeting today over there and sovereign bond yields rose overnight in Europe, so the market is paying a lot of attention to Europe today, but is taking it pretty well,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. After a 131-point drop, the Dow Jones Industrial AverageDJIA -0.05% was lately down 9.69 points, or nearly 0.1%, to 12,650.77, with 16 of its 30 components losing ground, led by Bank of America Corp. BAC -3.02% . The S&P 500 Index SPX -0.25% declined 3.70 points, or 0.3%, to 1,312.63 with the financial sector hit the hardest after a report that Germany wanted Greece to relinquish control of its budget process in exchange for another rescue package. “The failing of Greek debt restructuring talks at this late hour would be a disappointment,” said Bill Stone, chief investment strategist at PNC Asset Management Group. The discord came as European Union leaders met Monday in Brussels for their first summit of the year to finalize a deficit-reduction agreement and support the setting up of a rescue fund. “Portugal bond yields continue to spike. The 2-year yield today is up by 360 basis points to 20.78% and the 10-year is higher by 190 basis points to 17.14%,” Peter Boockvar, equity strategist at Miller Tabak wrote in a morning commentary. Read more on Portugal bonds. “At this rate, Portugal is going to move from the back to front burner in very, very short order,” offered Dan Greenhaus, chief global strategist at BTIG LLC.As a sector, technology shares advanced, boosted in part by Apple Inc. AAPL +0.03% , up 1.4%. After falling 34 points, the Nasdaq Composite COMP -0.16% was down 4.10 points, or 0.2%, at 2,812.46. “The buy the dip crowd is alive and well but today they focused on the Nasdaq,” said Elliot Spar, a strategist at Stifel Nicolaus. For every two shares gaining three fell on the New York Stock Exchange, where 491 million shares traded as of 3:15 p.m. Eastern. Crude-oil futures for March delivery CL2H -0.59% lost 78 cents to end at $98.78 a barrel. April gold futures GC2J -0.17% declined $1 to close at $1,734.40 an ounce. The Commerce Department reported U.S. consumer spending came to a virtual standstill in December after climbing 0.1% the month before. Read more on spending, incomes and the U.S. savings rate. Shares of Pep Boys — Manny, Moe and Jack PBY -0.43% leapt after the automotive services and retail chain agreed to be acquired by Gores Group for $791 million. Thomas & Betts Corp. TNB +23.05% surged as Swiss engineering conglomerate ABB Ltd. ABB -3.30% CH:ABBN -2.01% said it would buy the electrical-components maker for $3.9 billion.
Monday's Closing Dow Numbers are and Tuesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.34 +0.18 0.62% 28,024,125 NYSE: WSJ pC8 "Dragon could breathe fire into iPhone" by Rolfe Winkle says since launching the iPhone in '07 solely with AT&T in the US, its now available through 230 carries in more than 100 nations.
Alcoa AA
$10.31 -0.12 1.15% 18,962,139 NYSE: No mentions found.
American Express AXP
$49.14 -0.71 1.42% 5,211,574 NYSE: No mentions found.
Bank of America BAC
$7.06 -0.23 3.16% 217,784,072 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Boeing BA
$74.17 -0.38 0.51% 4,208,841 NYSE: No mentions found.
Caterpillar CAT
$110.41 -0.87 0.78% 5,923,241 NYSE: No mentions found.
Chevron CVX
$103.4 -0.56 0.54% 6,927,455 NYSE: No mentions found.
Cisco CSCO
$19.56 unch unch 31,021,902 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Coke KO
$67.45 +0.01 0.01% 4,946,244 NYSE: Daily Report p6 "Pepsi reinvigorates its rivalry with Coke" byDuane D. Stanford, Bloomberg says Pepsi is boosting its advertising and marketing budget by $600 mil to take back market share from Coke. This would take it up to $1.7bil and would try to regain investor confidence who questions whether Pepsico CEO Indra Nooyi has focused too much on healthier products.
WSJ pB8 "Coca-Cola Investment of $1 Bil is planned for Mexico" by Amy Guthrie, Inv. Bus. Daily pA2 "Coca-Cola" say Coke's ivnestment is part of a $5 bil 5 year investment plan in Mexico starting in '10.
Disney DIS
$39 -0.25 0.64% 8,126,951 NYSE: No mentions found.
DuPont DD
$50.96 +0.24 0.47% 4,818,131 NYSE: No mentions found.
Exxon XOM
$85.49 -0.34 0.4% 16,638,952 NYSE: Inv Bus. Daily pA2 "Exxon sells refining busienss" says it will sell its Japanese refining business to partner TonenGeneral Sekiyu for $3.9 bil as reported yesterday.l
GE
$18.89 -0.14 0.74% 35,918,323 NYSE: No mentions found.
Hewlett-Packard HPQ
$27.89 +0.01 0.04% 11,543,159 NYSE: WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
Home Depot HD
$44.76 -0.11 0.25% 6,440,549 NYSE: No mentions found.
Intel INTC
$26.74 +0.01 0.04% 50,968,694 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
IBM
$192.47 +2.01 1.06% 4,151,841 NYSE: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
JPMorgan JPM
$37.02 -0.19 0.51% 23,277,937 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan
Johnson & Johnson JNJ
$65.7 +0.14 0.21% 6,958,321 NYSE: WSJ pB9 "J&J shakes up McNeil unit again" by Jon Rockoff says McNeil that makes Tylenol and other otc medicines is naming new leadership less than a year afater manufacturing problems sparked a revamp. 2 company group chairmen are bing replaced.
Kraft KFT
$38.18 -0.29 0.75% 5,592,804 NYSE: No mentions found.
McDonald's MCD
$98.7 +0.01 0.01% 5,866,463 NYSE: WSJ pB4 "Wendy's spends on growth" by Annie Gasparro, Fin Times p16 "Wendy's eyes new front in burger wars" by Alan Rappeport, say Wendy's posted strong sales for 4Q. McDonald's is Wendy's biggest rival and had 4Q earnings rise 11% but concerns about higher costs this year weighed on its shares.
Merck MRK
$38.89 +0.37 0.96% 12,642,779 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
Microsoft MSFT
$29.61 +0.38 1.3% 50,517,654 NASDAQ-GS: WSJ pB7 "Facebook increases its lead in display as as its IPO looms" by Shayndi Raice says Facebook's sahre of the display ad market or banner ads on the Internet grew to 27.9% for '11. Trailing far behind are Microsoft and Google both have less than 5%.
Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Pfizer PFE
$21.58 +0.10 0.47% 35,664,608 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
WSJ pB9 "Pfizer set to seek Aprela nod" by Peter Loftus says Pfizer is seeking US regulatory approval for a new menopause drug to replace older hormone replacement therapies which have safety risks.
WSJ pA11 "Agencies, drug makers, Gates target 10 diseases" by Jeanne Whalen says Bill Gates is working with drug firms including Pfizer to develop a new drug capable of killing adult parasites.
Procter & Gamble PG
$63.21 -1.09 1.7% 12,407,487 NYSE: No mentions found.
3M MMM
$87.34 -0.12 0.14% 3,122,507 NYSE: No mentions found.
Travelers TRV
$58.11 +0.06 0.1% 2,332,214 NYSE: No mentions found.
United Technologies UTX
$77.61 -0.01 0.01% 4,750,649 NYSE: No mentions found.
Verizon VZ
$37.61 +0.40 1.07% 15,614,233 DualListed: WSJ pB1 "Verizon crosses web lines" by Anton Troianovski says Verizon Wireless stores in Seattle and Portland began offering home Internet, cable & tv service from Comcast. Verizon doesn't offer its competing FiOS broadband & TV services in those markets.
WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Walmart WMT
$61.3 +0.59 0.97% 7,568,767 NYSE: WSJ pB10 "Carrefour picks boss to fight hard battle" by Chris Passariello says Carrefour the second largest retailer in the world after Walmart named Georges Plassat as its new CEO.
******************************
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)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
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
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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
3M MMM: 12/6/11 8K re eps guidance
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
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
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
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. 1,449 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 January 1, 2012.
A read of the print editions of Tuesday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Monday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Monday at 12,665.72 down 6.74 or 0.05% from Friday's close of 12,660.46. For the year the Dow is up 3.57%. Of the 30 Dow components 14 gained, Cisco was unchanged and 15 declined. The biggest gainer dollar-wise was IBM $192.47 +2.01 1.06% 4,151,841 NYSE and percentage-wise was Microsoft MSFT $29.61 +0.38 1.3% 50,517,654 NASDAQ-GS. The biggest decliner dollar-wise was Procter & Gamble PG $63.21 -1.09 1.7% 12,407,487 NYSE and percentage-wise was Bank of America BAC $7.06 -0.23 3.16%217,784,072 NYSE.
WSJ pC4 "Fin'l shares drag on the Dow" by Chris Dieterich says stocks edged lower as investors fixed their attention on the standoff between Greece & its private creditors & a surge in Portugal's borrowing costs. Bank of America dropped 22 cents after Goldman cut it to neutral to buy.
Inv. Bus. Daily pA1 "Stocks close lower, but trim losses" by Vincent Mao says stocks lost ground Mon on worries over the euro zone but they finished well off the worst levels of the session as Monday's action saw stocks trim losses. The current outlook is a "confirmed uptrend."
NYT pB2 "Portugal suffers as loss of confidence in bonds sends yields higher" by Chris Hauser says investors fled out of bonds of weaker European nations on Mon sending yields on Portuguese gov bonds to a record high over concerns that the euro zone debt troubles were spreading beyond Greece.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Fin Times p22 "Analysts point to pawn shops & payday lenders as recent rally slows" by Ajay Makan says several analysts urged investors into US pawn lenders yesterday a group of stocks that have sat out the recent market rally but continue to show strong loan growth.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.01 up from yesterday's trailing P/E ratio of 13.98 (year ago it was 14.50); today's P/E estimate is 12.15 unchanged from Monday's P/E estimate of 12.15 (year ago it was 12.63), and today's dividend yield is 2.53 unchanged from yesterday's dividend yield of 2.53 (last year it was 2.42). 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.
Monday's Dow Jones Industrial Average closing numerator was 1,671.93 down 0.89 from Friday's closing numerator of 1,672.82. 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 Monday's Dow Jones Industrial Average was $55.73 down $0.03 from Friday's average closing price of $55.76. The median closing price of Monday's Dow Jones Industrial Average was $46.95 (AXP/HD) down $0.41 from Friday's median closing price of $47.36. The lowest volume was Travelers TRV $58.11 +0.06 0.1% 2,332,214 NYSE and the highest volume again was Bank of America BAC $7.06 -0.23 3.16% 217,784,072 NYSE.
If Monday 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 $89 ($167,282 - $167,193).
MarketWatch Monday 1/30/12 3:26 pm by Kate Gibson says U.S. stocks moderated their losses Monday as telecommunications and technology companies advanced, offsetting concern that came with Portugal’s soaring borrowing costs. “Investors had started putting Europe on the back burner, but now we have a meeting today over there and sovereign bond yields rose overnight in Europe, so the market is paying a lot of attention to Europe today, but is taking it pretty well,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. After a 131-point drop, the Dow Jones Industrial AverageDJIA -0.05% was lately down 9.69 points, or nearly 0.1%, to 12,650.77, with 16 of its 30 components losing ground, led by Bank of America Corp. BAC -3.02% . The S&P 500 Index SPX -0.25% declined 3.70 points, or 0.3%, to 1,312.63 with the financial sector hit the hardest after a report that Germany wanted Greece to relinquish control of its budget process in exchange for another rescue package. “The failing of Greek debt restructuring talks at this late hour would be a disappointment,” said Bill Stone, chief investment strategist at PNC Asset Management Group. The discord came as European Union leaders met Monday in Brussels for their first summit of the year to finalize a deficit-reduction agreement and support the setting up of a rescue fund. “Portugal bond yields continue to spike. The 2-year yield today is up by 360 basis points to 20.78% and the 10-year is higher by 190 basis points to 17.14%,” Peter Boockvar, equity strategist at Miller Tabak wrote in a morning commentary. Read more on Portugal bonds. “At this rate, Portugal is going to move from the back to front burner in very, very short order,” offered Dan Greenhaus, chief global strategist at BTIG LLC.As a sector, technology shares advanced, boosted in part by Apple Inc. AAPL +0.03% , up 1.4%. After falling 34 points, the Nasdaq Composite COMP -0.16% was down 4.10 points, or 0.2%, at 2,812.46. “The buy the dip crowd is alive and well but today they focused on the Nasdaq,” said Elliot Spar, a strategist at Stifel Nicolaus. For every two shares gaining three fell on the New York Stock Exchange, where 491 million shares traded as of 3:15 p.m. Eastern. Crude-oil futures for March delivery CL2H -0.59% lost 78 cents to end at $98.78 a barrel. April gold futures GC2J -0.17% declined $1 to close at $1,734.40 an ounce. The Commerce Department reported U.S. consumer spending came to a virtual standstill in December after climbing 0.1% the month before. Read more on spending, incomes and the U.S. savings rate. Shares of Pep Boys — Manny, Moe and Jack PBY -0.43% leapt after the automotive services and retail chain agreed to be acquired by Gores Group for $791 million. Thomas & Betts Corp. TNB +23.05% surged as Swiss engineering conglomerate ABB Ltd. ABB -3.30% CH:ABBN -2.01% said it would buy the electrical-components maker for $3.9 billion.
Monday's Closing Dow Numbers are and Tuesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.34 +0.18 0.62% 28,024,125 NYSE: WSJ pC8 "Dragon could breathe fire into iPhone" by Rolfe Winkle says since launching the iPhone in '07 solely with AT&T in the US, its now available through 230 carries in more than 100 nations.
Alcoa AA
$10.31 -0.12 1.15% 18,962,139 NYSE: No mentions found.
American Express AXP
$49.14 -0.71 1.42% 5,211,574 NYSE: No mentions found.
Bank of America BAC
$7.06 -0.23 3.16% 217,784,072 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Boeing BA
$74.17 -0.38 0.51% 4,208,841 NYSE: No mentions found.
Caterpillar CAT
$110.41 -0.87 0.78% 5,923,241 NYSE: No mentions found.
Chevron CVX
$103.4 -0.56 0.54% 6,927,455 NYSE: No mentions found.
Cisco CSCO
$19.56 unch unch 31,021,902 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Coke KO
$67.45 +0.01 0.01% 4,946,244 NYSE: Daily Report p6 "Pepsi reinvigorates its rivalry with Coke" byDuane D. Stanford, Bloomberg says Pepsi is boosting its advertising and marketing budget by $600 mil to take back market share from Coke. This would take it up to $1.7bil and would try to regain investor confidence who questions whether Pepsico CEO Indra Nooyi has focused too much on healthier products.
WSJ pB8 "Coca-Cola Investment of $1 Bil is planned for Mexico" by Amy Guthrie, Inv. Bus. Daily pA2 "Coca-Cola" say Coke's ivnestment is part of a $5 bil 5 year investment plan in Mexico starting in '10.
Disney DIS
$39 -0.25 0.64% 8,126,951 NYSE: No mentions found.
DuPont DD
$50.96 +0.24 0.47% 4,818,131 NYSE: No mentions found.
Exxon XOM
$85.49 -0.34 0.4% 16,638,952 NYSE: Inv Bus. Daily pA2 "Exxon sells refining busienss" says it will sell its Japanese refining business to partner TonenGeneral Sekiyu for $3.9 bil as reported yesterday.l
GE
$18.89 -0.14 0.74% 35,918,323 NYSE: No mentions found.
Hewlett-Packard HPQ
$27.89 +0.01 0.04% 11,543,159 NYSE: WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
Home Depot HD
$44.76 -0.11 0.25% 6,440,549 NYSE: No mentions found.
Intel INTC
$26.74 +0.01 0.04% 50,968,694 NASDAQ-GS: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
IBM
$192.47 +2.01 1.06% 4,151,841 NYSE: Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
Fin Times p15 "Tech powers & a harsh lesson in survival" by Richard Waters says Lou Gerstner turned around IBM during his tenure as CEO from '93 to '02. Meg Whitman who took over as CEO for Hewlett-Packard in Sept. '11 is trying to do the same for HP.
JPMorgan JPM
$37.02 -0.19 0.51% 23,277,937 NYSE: WSJ pC1 "Cutoff looms on loan accord" by Ruth Simon says state attorneys general have until Fri to join a potential nat'l settlement of alleged foreclosure abuses which is aiming for a deal valued at $25 bil which includes major mortgage servicers including Bank of American and JPMorgan
Johnson & Johnson JNJ
$65.7 +0.14 0.21% 6,958,321 NYSE: WSJ pB9 "J&J shakes up McNeil unit again" by Jon Rockoff says McNeil that makes Tylenol and other otc medicines is naming new leadership less than a year afater manufacturing problems sparked a revamp. 2 company group chairmen are bing replaced.
Kraft KFT
$38.18 -0.29 0.75% 5,592,804 NYSE: No mentions found.
McDonald's MCD
$98.7 +0.01 0.01% 5,866,463 NYSE: WSJ pB4 "Wendy's spends on growth" by Annie Gasparro, Fin Times p16 "Wendy's eyes new front in burger wars" by Alan Rappeport, say Wendy's posted strong sales for 4Q. McDonald's is Wendy's biggest rival and had 4Q earnings rise 11% but concerns about higher costs this year weighed on its shares.
Merck MRK
$38.89 +0.37 0.96% 12,642,779 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
Microsoft MSFT
$29.61 +0.38 1.3% 50,517,654 NASDAQ-GS: WSJ pB7 "Facebook increases its lead in display as as its IPO looms" by Shayndi Raice says Facebook's sahre of the display ad market or banner ads on the Internet grew to 27.9% for '11. Trailing far behind are Microsoft and Google both have less than 5%.
Inv. Bus. Daily pB3 "CA spikes up dividend for shareholders" by Vincent Mao says tech stocks are not usually known for paying dividends but a number of tech titans such as Cisco, IBM, Intel and Microsoft are now paying dividends.
USA Today p4B "Stocks drop lower as doubts over Greek rescue resurface" by Bloomberg says stocks fell Mon sending the S&P lower for a 3rd day as European leaders sparred with Greece over a 2nd rescue program. Bank of America dropped after Goldman Sachs cuts its rating. Microsoft gained 38 cents.
Pfizer PFE
$21.58 +0.10 0.47% 35,664,608 NYSE: WSJ pC1 "Lenaer Pfizer expects clean bill of health" by Spencer jakab says Pfizer reports today and is expected to show good results as a result of Pfizer's strategy of milking its Lipitor even after losing patent rights. It still has a 32% market share. When Microsoft's cholesterol fighting drug lost protection in '06 after seven works it plunged to a 23% market share.
WSJ pB9 "Pfizer set to seek Aprela nod" by Peter Loftus says Pfizer is seeking US regulatory approval for a new menopause drug to replace older hormone replacement therapies which have safety risks.
WSJ pA11 "Agencies, drug makers, Gates target 10 diseases" by Jeanne Whalen says Bill Gates is working with drug firms including Pfizer to develop a new drug capable of killing adult parasites.
Procter & Gamble PG
$63.21 -1.09 1.7% 12,407,487 NYSE: No mentions found.
3M MMM
$87.34 -0.12 0.14% 3,122,507 NYSE: No mentions found.
Travelers TRV
$58.11 +0.06 0.1% 2,332,214 NYSE: No mentions found.
United Technologies UTX
$77.61 -0.01 0.01% 4,750,649 NYSE: No mentions found.
Verizon VZ
$37.61 +0.40 1.07% 15,614,233 DualListed: WSJ pB1 "Verizon crosses web lines" by Anton Troianovski says Verizon Wireless stores in Seattle and Portland began offering home Internet, cable & tv service from Comcast. Verizon doesn't offer its competing FiOS broadband & TV services in those markets.
WSJ pB3 "Babbio plans to leave HP board" by Ian Sherr says Lawrence Babbio, ex vice chair and Pres of Verizon is resigning from Hewlett-Packard's Board.
Walmart WMT
$61.3 +0.59 0.97% 7,568,767 NYSE: WSJ pB10 "Carrefour picks boss to fight hard battle" by Chris Passariello says Carrefour the second largest retailer in the world after Walmart named Georges Plassat as its new CEO.
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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
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
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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
3M MMM: 12/6/11 8K re eps guidance
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
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
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
Monday, January 30, 2012
1/30/12 Mon pm Dow Closes at 12,653.72 down 6.74 or 0.05%
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. 1,448 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 January 1, 2012.
The Dow Jones Industrial Average closed Monday at 12,665.72 down 6.74 or 0.05% from Friday's close of 12,660.46. Of the 30 Dow components 14 gained, Cisco was unchanged and 15 declined. The biggest gainer dollar-wise was IBM $192.47 +2.01 1.06% 4,151,841 NYSE and percentage-wise was Microsoft MSFT $29.61 +0.38 1.3% 50,517,654 NASDAQ-GS. The biggest decliner dollar-wise was Procter & Gamble PG $63.21 -1.09 1.7% 12,407,487 NYSE and percentage-wise was Bank of America BAC $7.06 -0.23 3.16%217,784,072 NYSE.
As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.132129493. Monday's trailing P/E ratio is 13.98 up from Friday's trailing P/E ratio of 14.02 (year ago it was 14.49); Monday's P/E estimate is 12.15 up from yesterday's P/E estimate of 12.05 (year ago it was 12.63), and today's dividend yield is 2.53 up from yesterday's dividend yield of 2.51 (last year it was 2.40). 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.
Monday's Dow Jones Industrial Average closing numerator was 1,671.93 down 0.89 from Friday's closing numerator of 1,672.82. 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 Monday's Dow Jones Industrial Average was $55.73 down $0.03 from Friday's average closing price of $55.76. The median closing price of Monday's Dow Jones Industrial Average was $46.95 (AXP/HD) down $0.41 from Friday's median closing price of $47.36. The lowest volume was Travelers TRV $58.11 +0.06 0.1% 2,332,214 NYSE and the highest volume again was Bank of America BAC $7.06 -0.23 3.16% 217,784,072 NYSE.
If Monday 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 $89 ($167,282 - $167,193).
MarketWatch Monday 1/30/12 3:26 pm by Kate Gibson says U.S. stocks moderated their losses Monday as telecommunications and technology companies advanced, offsetting concern that came with Portugal’s soaring borrowing costs. “Investors had started putting Europe on the back burner, but now we have a meeting today over there and sovereign bond yields rose overnight in Europe, so the market is paying a lot of attention to Europe today, but is taking it pretty well,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. After a 131-point drop, the Dow Jones Industrial AverageDJIA -0.05% was lately down 9.69 points, or nearly 0.1%, to 12,650.77, with 16 of its 30 components losing ground, led by Bank of America Corp. BAC -3.02% . The S&P 500 Index SPX -0.25% declined 3.70 points, or 0.3%, to 1,312.63 with the financial sector hit the hardest after a report that Germany wanted Greece to relinquish control of its budget process in exchange for another rescue package. “The failing of Greek debt restructuring talks at this late hour would be a disappointment,” said Bill Stone, chief investment strategist at PNC Asset Management Group. The discord came as European Union leaders met Monday in Brussels for their first summit of the year to finalize a deficit-reduction agreement and support the setting up of a rescue fund. “Portugal bond yields continue to spike. The 2-year yield today is up by 360 basis points to 20.78% and the 10-year is higher by 190 basis points to 17.14%,” Peter Boockvar, equity strategist at Miller Tabak wrote in a morning commentary. Read more on Portugal bonds. “At this rate, Portugal is going to move from the back to front burner in very, very short order,” offered Dan Greenhaus, chief global strategist at BTIG LLC.As a sector, technology shares advanced, boosted in part by Apple Inc. AAPL +0.03% , up 1.4%. After falling 34 points, the Nasdaq Composite COMP -0.16% was down 4.10 points, or 0.2%, at 2,812.46. “The buy the dip crowd is alive and well but today they focused on the Nasdaq,” said Elliot Spar, a strategist at Stifel Nicolaus. For every two shares gaining three fell on the New York Stock Exchange, where 491 million shares traded as of 3:15 p.m. Eastern. Crude-oil futures for March delivery CL2H -0.59% lost 78 cents to end at $98.78 a barrel. April gold futures GC2J -0.17% declined $1 to close at $1,734.40 an ounce. The Commerce Department reported U.S. consumer spending came to a virtual standstill in December after climbing 0.1% the month before. Read more on spending, incomes and the U.S. savings rate. Shares of Pep Boys — Manny, Moe and Jack PBY -0.43% leapt after the automotive services and retail chain agreed to be acquired by Gores Group for $791 million. Thomas & Betts Corp. TNB +23.05% surged as Swiss engineering conglomerate ABB Ltd. ABB -3.30% CH:ABBN -2.01% said it would buy the electrical-components maker for $3.9 billion.
Monday's Closing Dow Numbers are:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.34 +0.18 0.62% 28,024,125 NYSE
Alcoa AA
$10.31 -0.12 1.15% 18,962,139 NYSE
American Express AXP
$49.14 -0.71 1.42% 5,211,574 NYSE
Bank of America BAC
$7.06 -0.23 3.16% 217,784,072 NYSE
Boeing BA
$74.17 -0.38 0.51% 4,208,841 NYSE
Caterpillar CAT
$110.41 -0.87 0.78% 5,923,241 NYSE
Chevron CVX
$103.4 -0.56 0.54% 6,927,455 NYSE
Cisco CSCO
$19.56 unch unch 31,021,902 NASDAQ-GS
Coke KO
$67.45 +0.01 0.01% 4,946,244 NYSE
Disney DIS
$39 -0.25 0.64% 8,126,951 NYSE
DuPont DD
$50.96 +0.24 0.47% 4,818,131 NYSE
Exxon XOM
$85.49 -0.34 0.4% 16,638,952 NYSE
GE
$18.89 -0.14 0.74% 35,918,323 NYSE
Hewlett-Packard HPQ
$27.89 +0.01 0.04% 11,543,159 NYSE
Home Depot HD
$44.76 -0.11 0.25% 6,440,549 NYSE
Intel INTC
$26.74 +0.01 0.04% 50,968,694 NASDAQ-GS
IBM
$192.47 +2.01 1.06% 4,151,841 NYSE
JPMorgan JPM
$37.02 -0.19 0.51% 23,277,937 NYSE
Johnson & Johnson JNJ
$65.7 +0.14 0.21% 6,958,321 NYSE
Kraft KFT
$38.18 -0.29 0.75% 5,592,804 NYSE
McDonald's MCD
$98.7 +0.01 0.01% 5,866,463 NYSE
Merck MRK
$38.89 +0.37 0.96% 12,642,779 NYSE
Microsoft MSFT
$29.61 +0.38 1.3% 50,517,654 NASDAQ-GS
Pfizer PFE
$21.58 +0.10 0.47% 35,664,608 NYSE
Procter & Gamble PG
$63.21 -1.09 1.7% 12,407,487 NYSE
3M MMM
$87.34 -0.12 0.14% 3,122,507 NYSE
Travelers TRV
$58.11 +0.06 0.1% 2,332,214 NYSE
United Technologies UTX
$77.61 -0.01 0.01% 4,750,649 NYSE
Verizon VZ
$37.61 +0.40 1.07% 15,614,233 DualListed
Walmart WMT
$61.3 +0.59 0.97% 7,568,767 NYSE
*********************
The following are excerpts from Monday morning's Blog.
A read of the print editions of Monday's Barron's, Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Friday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,660.46 down 74.14 or 0.58% from Thursday's close of 12,734.63. For the week the Dow is down 60.02 or 0.47% from last Friday's close of 12,720.48. For the year the Dow is up 3.63%. Of the 30 Dow components 2 gained and 28 declined. The biggest gainer dollar-wise was United Technologies UTX $77.62 +0.21 0.27% 4,073,520 NYSE and percentage-wise was Alcoa AA $10.43 +0.07 0.68% 21,708,619 NYSE. The biggest decliner dollar-wise and percentage-wise was Chevron CVX $103.96 -2.63 2.47% 10,578,800 NYSE.
Inv. Bus. Daily pA1 "Internet stocks perk up on mixed day for indexes" by Paul Whitfield says stocks waged a quiet battle for small stakes Fri as the indexes finished mixed in declining volume. The current market outlook is a confirmed uptrend.
Friday's Dow Jones Industrial Average closing numerator was 1,672.82 down 9.80 from Thursday's closing numerator of 1,682.62. 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 $55.76 down $0.33 from Thursday's average closing price of $56.09. The median closing price of Friday's Dow Jones Industrial Average was $47.36 (AXP/HD) down $0.11 from Thursday's median closing price of $47.47. The lowest volume was Travelers TRV $58.05 -0.65 1.11% 3,558,497 NYSE and the highest volume again was Bank of America BAC $7.29 -0.01 0.14% 230,645,771 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 $98 ($168,270 - $167,282).
MarketWatch Friday 1/27/12 4:54 pm by Kate Gibson says U.S. stocks on Friday finished mostly lower, but a late surge in financial shares helped the S&P 500 preserve a fourth week of gains after the White House said it would expand a foreclosure-prevention program and hope grew for a Greek debt-deal. “The big news the last couple of weeks is the program they launched over in Europe, the lending facility to the banking system, seems to be working,” said Owen Fitzpatrick, head of the U.S. equity group at Deutsche Bank. For much of the session, the financial sector reversed course in the final hour of trade as the White House said it would loosen rules on a loan-modification program. The sector also drew a late lift from reports that Facebook plans a much-anticipated Initial public offering next week, with the Wall Street Journal reporting investment banks Morgan Stanley MS +0.32% and Goldman Sachs GS -0.93% would participate. Both stocks closed near their highs of the session. Currencies are a major factor for the Asia-Pacific economies, and forex moves may determine whether the region remains the world's growth engine. Check out these briefings on four key Asian currencies and where they may be headed. India's currency suffered a heavy drop late last year, and some believe the culprit may be gold. Up 3.6% for the month to date, the Dow Jones Industrial Average DJIA -0.58% lost 74.17 points, or 0.6%, to end at 12,660.46, down 0.5% for its first weekly loss in four. Chevron Corp. CVX +0.18% shares were among those weighing on the blue-chip index, down 2.5%, after the oil major reported a drop in profit that also fell short of estimates. Up 4.7% for the year so far, the S&P 500 Index /SPX -0.16% shifted briefly higher and ended the day down 2.1 points, or 0.2%, at 1,316.33, up 0.1% from the week-ago close. Component Ford Motor Co. F -0.08% reported its 11th straight profitable quarter, but the auto maker’s results came in below predictions, and its shares were down 4.2%. “This earnings season hasn’t been nearly as robust as the last couple; there’s a bias toward companies beating versus missing, which is reflecting a slow-growing economy,” according to Fitzpatrick. Up 1.1% for the week, the Nasdaq Composite Index /quotes/zigman/123127 COMP +0.40% added 11.27 points, or 0.4%, at 2,816.55, with the index up 8.1% for the month and year so far. For every stock on the decline nearly two gained on the New York Stock Exchange, where nearly 851 million shares traded. “We’ve had such a good run, one of the strongest we’ve had in a long time from the start of the year, so we’re overdue,” said Fitzpatrick of the late-week decline in equities. Facebook could file IPO paperwork as early as Wednesday of next week, and Morgan Stanley is close to winning the "lead left" position in the IPO. Facebook has been valued between $75 and $100 Billion dollars. “There are a lot of bullish surveys, which is usually a clear sign that things are going to correct,” he added. U.S. stocks had started mostly lower after the U.S. government said the economy grew 2.8% in 2011’s final quarter, less than the 3% predicted by analysts surveyed by MarketWatch. A rise in consumer confidence had equities only briefly trimming their decline. The Thomson Reuters/University of Michigan final index of consumer sentiment for January climbed to 75 from 69.9 at the end of December. Fitch Ratings on Friday afternoon cut the credit ratings of Spain, Italy, Belgium, Cyprus and Slovenia, saying the five nations do not hold enough financial leverage amid the regional debt crisis. The downgrades, which Fitch warned of in December, came as negotiators for private creditors headed back to Athens for talks on a debt swap to reduce Greece’s borrowings and avoid a possible default. “We all know it’s just a matter of getting everyone lined up in terms of getting private investors to take a haircut, and here domestically, things have been headed in the right direction,” said Fitzpatrick at Deutsche Bank. “The program they launched over in Europe, the lending facility to the banking system, seems to be working, with yields on Spain and Italy’s sovereign debt making substantial moves in the right direction.” “The one exception is Portugal, which seems to be headed in the wrong direction and is up another 38 basis points today,” he added.
Friday's Closing Dow Numbers and Monday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.16 -0.29 0.98% 36,357,419 NYSE: NYT pB8 "AT&T says it badly needs mroe spectrum" by Brian Chen says smartphones & tablets are squeeezing data networks and AT&T says the gov is keeping telecoms from expanding the data networks' capacity.
Alcoa AA $10.43 +0.07 0.68% 21,708,619 NYSE: Barron's pM10 "A triumph of strategy over hope" by Steven Sears says a good strategy might be to sell Feb calls that are 10% out of the money on Alcoa.
American Express AXP $49.85 -0.13 0.26% 5,376,097 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Bank of America BAC $7.29 -0.01 0.14% 230,645,771 NYSE: WSJ pC1 "Banks seek a direction" by Jon Cheng says Bank of America the worst performing member of the Dow last year is up 31% and JUPMorgan is up 12%.
NYT pB1 "US banks tally exposure to Europe's maelstrom" by Pete Eavis says five large US banks including JPMorgan and Bank of America have more than $80 bill of exposure to Italy, Spain, Portugal, Ireland and Greece, the most stressed nations in the Euro zone.
WSJ pC3 "BofA plans a reshuffle" by Dan Fitzpatrick says Tom Montage the co-coo will name Christain Meissner to be the sole head of its investment banking operation. He has no ties to the charlotte based bank or the old Merrill Lynch.
Boeing BA $74.55 -0.76 1.01% 4,745,440 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Inv. Bus. Daily pA6 "Airlines discovering leasing planes is cheaper than buying "by Vance Cariaga says Air Lease in Dec closed a $1.2 bil order with Boeing to buy 8 more planes, it already has 79 aircraft which it leases to 49 airlines in 30 countries.
Caterpillar CAT $111.28 -0.03 0.03% 7,826,752 NYSE: WSJ pB1 "Lockout tests union's clout" by James Hagerty says Caterpillar has locked out 450 workers at a locomotive factory in London, Ontario.
Chevron CVX $103.96 -2.63 2.47% 10,578,800 NYSE: Daily Report p9 "2nd Circ faults US dist judge's attempt to block $17 bil judgment vs Chevron" by Mark Hamblett discusses the appellate court's ruling dismissing the declaratory judgment for Chevron involving environmental claims in Ecuador.
Cisco CSCO $19.56 -0.27 1.36% 43,538,596 NASDAQ-GS: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Coke KO $67.44 -0.57 0.84% 8,387,548 NYSE: No mentions found.
Disney DIS $39.25 -0.10 0.25% 9,573,480 NYSE: No mentions found.
DuPont DD $50.72 -0.22 0.43% 6,744,091 NYSE: No mentions found.
Exxon XOM $85.83 -0.94 1.08% 15,976,476 NYSE: WSJ pB3 "Exxon Mobil to unload its subsidiary in Japan" by Paul Baylis, NYT pB7 "Exxon Mobil agrees to sell unit in Japan" by Michael J. de la Merced", USA Today p1B "Exxon to sell Japanese unit in $3.9 bil deal" say XOm will sell its refining & marketing business to partner TonenGeneral Sekiyu and Exxon's stake in TonenGeneral will fall to 22% from 50%.
WSJ pB2 "Happening this week", NYT pB2 "Corporate Earnings" says on Tues Exxon and Pfizer report and on Thurs Merck reports.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walmart, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
GE $19.03 -0.04 0.21% 32,513,821 NYSE: USA Today p2B "How does GE's int'l strategy help in USA" by Kathy Chu is an interview with GE's vice chair and heald of global opeations John Rice who says GE's int'l strategy benefits its US operations.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Hewlett-Packard HPQ $27.88 -0.11 0.39% 11,894,256 NYSE: No mentions found.
Home Depot HD $44.87 -0.08 0.18% 7,886,300 NYSE: No mentions found.
Intel INTC $26.73 -0.02 0.07% 50,580,837 NASDAQ-GS: Barron's p20 "Just don't lose it" by Kopin Tan says Bahl & Gaynor screens for firms that pay a yield of at least 2% and have raised dividends in at least 2 of the past 5 years and among them are McDonald's and Intel.
IBM $190.46 -0.52 0.27% 3,357,357 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
JPMorgan JPM $37.21 -0.28 0.75% 27,498,266 NYSE: WSJ pC1 "Banks seek a direction" by Jon Cheng says Bank of America the worst performing member of the Dow last year is up 31% and JUPMorgan is up 12%.
NYT pB1 "US banks tally exposure to Europe's maelstrom" by Pete Eavis says five large US banks including JPMorgan and Bank of America have more than $80 bill of exposure to Italy, Spain, Portugal, Ireland and Greece, the most stressed nations in the Euro zone.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Johnson & Johnson JNJ $65.56 -0.14 0.21% 10,417,203 NYSE: No mentions found.
Kraft KFT $38.47 -0.13 0.34% 6,794,493 NYSE: No mentions found.
McDonald's MCD $98.69 -0.49 0.49% 5,124,355 NYSE: Barron's p20 "Just don't lose it" by Kopin Tan says Bahl & Gaynor screens for firms that pay a yield of at least 2% and have raised dividends in at least 2 of the past 5 years and among them are McDonald's and Intel.
Barron's p16 "CEO Spotlight David Novak" by Lawrence Strauss interviews the CEO of Yum! Brands who says that in 1989 McDonald's made a foray into pizza.
Merck MRK $38.52 -0.26 0.67% 12,119,824 NYSE: NYT pB2 "Corporate Earnings" says on Tues Exxon and Pfizer report and on Thurs Merck reports.
Barron's p15 "Week preview" says on Thursday Merck reports earnings.
Inv. Bus. Daily pA9 "Biomeds reach for critical mass" by Marilyn Alva says last year 2 new hepatitis C drugs from Vertex and Merck spurred excitement in the market.
Microsoft MSFT $29.23 -0.27 0.92% 44,184,878 NASDAQ-GS: Barron's p9 "Just too much money" by Michael Santoli says Microsoft initiated a dividend in early '03 but its stock has done little since then.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Pfizer PFE $21.48 -0.15 0.69% 132,871,584 NYSE: Fin times p20 "Pfizer", NYT pB2 "Corporate Earnings" say on Tues Exxon and Pfizer report and on Thurs Merck reports. FT says analysts wonder if Pfizer will continue its run of strong profit and rev growth in spite of the patent expiration of Lipitor.
Procter & Gamble PG $64.3 -0.50 0.77% 10,979,911 NYSE:
3M MMM $87.46 -0.12 0.14% 3,747,183 NYSE:
Travelers TRV $58.05 -0.65 1.11% 3,558,497 NYSE: No mentions found.
United Technologies UTX $77.62 +0.21 0.27% 4,073,520 NYSE: No mentions found.
Verizon VZ $37.21 -0.13 0.35% 17,108,888 DualListed:
Walmart WMT $60.71 -0.26 0.43% 6,286,485 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
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
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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
3M MMM: 12/6/11 8K re eps guidance
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
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
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
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. 1,448 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 January 1, 2012.
The Dow Jones Industrial Average closed Monday at 12,665.72 down 6.74 or 0.05% from Friday's close of 12,660.46. Of the 30 Dow components 14 gained, Cisco was unchanged and 15 declined. The biggest gainer dollar-wise was IBM $192.47 +2.01 1.06% 4,151,841 NYSE and percentage-wise was Microsoft MSFT $29.61 +0.38 1.3% 50,517,654 NASDAQ-GS. The biggest decliner dollar-wise was Procter & Gamble PG $63.21 -1.09 1.7% 12,407,487 NYSE and percentage-wise was Bank of America BAC $7.06 -0.23 3.16%217,784,072 NYSE.
As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.132129493. Monday's trailing P/E ratio is 13.98 up from Friday's trailing P/E ratio of 14.02 (year ago it was 14.49); Monday's P/E estimate is 12.15 up from yesterday's P/E estimate of 12.05 (year ago it was 12.63), and today's dividend yield is 2.53 up from yesterday's dividend yield of 2.51 (last year it was 2.40). 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.
Monday's Dow Jones Industrial Average closing numerator was 1,671.93 down 0.89 from Friday's closing numerator of 1,672.82. 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 Monday's Dow Jones Industrial Average was $55.73 down $0.03 from Friday's average closing price of $55.76. The median closing price of Monday's Dow Jones Industrial Average was $46.95 (AXP/HD) down $0.41 from Friday's median closing price of $47.36. The lowest volume was Travelers TRV $58.11 +0.06 0.1% 2,332,214 NYSE and the highest volume again was Bank of America BAC $7.06 -0.23 3.16% 217,784,072 NYSE.
If Monday 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 $89 ($167,282 - $167,193).
MarketWatch Monday 1/30/12 3:26 pm by Kate Gibson says U.S. stocks moderated their losses Monday as telecommunications and technology companies advanced, offsetting concern that came with Portugal’s soaring borrowing costs. “Investors had started putting Europe on the back burner, but now we have a meeting today over there and sovereign bond yields rose overnight in Europe, so the market is paying a lot of attention to Europe today, but is taking it pretty well,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. After a 131-point drop, the Dow Jones Industrial AverageDJIA -0.05% was lately down 9.69 points, or nearly 0.1%, to 12,650.77, with 16 of its 30 components losing ground, led by Bank of America Corp. BAC -3.02% . The S&P 500 Index SPX -0.25% declined 3.70 points, or 0.3%, to 1,312.63 with the financial sector hit the hardest after a report that Germany wanted Greece to relinquish control of its budget process in exchange for another rescue package. “The failing of Greek debt restructuring talks at this late hour would be a disappointment,” said Bill Stone, chief investment strategist at PNC Asset Management Group. The discord came as European Union leaders met Monday in Brussels for their first summit of the year to finalize a deficit-reduction agreement and support the setting up of a rescue fund. “Portugal bond yields continue to spike. The 2-year yield today is up by 360 basis points to 20.78% and the 10-year is higher by 190 basis points to 17.14%,” Peter Boockvar, equity strategist at Miller Tabak wrote in a morning commentary. Read more on Portugal bonds. “At this rate, Portugal is going to move from the back to front burner in very, very short order,” offered Dan Greenhaus, chief global strategist at BTIG LLC.As a sector, technology shares advanced, boosted in part by Apple Inc. AAPL +0.03% , up 1.4%. After falling 34 points, the Nasdaq Composite COMP -0.16% was down 4.10 points, or 0.2%, at 2,812.46. “The buy the dip crowd is alive and well but today they focused on the Nasdaq,” said Elliot Spar, a strategist at Stifel Nicolaus. For every two shares gaining three fell on the New York Stock Exchange, where 491 million shares traded as of 3:15 p.m. Eastern. Crude-oil futures for March delivery CL2H -0.59% lost 78 cents to end at $98.78 a barrel. April gold futures GC2J -0.17% declined $1 to close at $1,734.40 an ounce. The Commerce Department reported U.S. consumer spending came to a virtual standstill in December after climbing 0.1% the month before. Read more on spending, incomes and the U.S. savings rate. Shares of Pep Boys — Manny, Moe and Jack PBY -0.43% leapt after the automotive services and retail chain agreed to be acquired by Gores Group for $791 million. Thomas & Betts Corp. TNB +23.05% surged as Swiss engineering conglomerate ABB Ltd. ABB -3.30% CH:ABBN -2.01% said it would buy the electrical-components maker for $3.9 billion.
Monday's Closing Dow Numbers are:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.34 +0.18 0.62% 28,024,125 NYSE
Alcoa AA
$10.31 -0.12 1.15% 18,962,139 NYSE
American Express AXP
$49.14 -0.71 1.42% 5,211,574 NYSE
Bank of America BAC
$7.06 -0.23 3.16% 217,784,072 NYSE
Boeing BA
$74.17 -0.38 0.51% 4,208,841 NYSE
Caterpillar CAT
$110.41 -0.87 0.78% 5,923,241 NYSE
Chevron CVX
$103.4 -0.56 0.54% 6,927,455 NYSE
Cisco CSCO
$19.56 unch unch 31,021,902 NASDAQ-GS
Coke KO
$67.45 +0.01 0.01% 4,946,244 NYSE
Disney DIS
$39 -0.25 0.64% 8,126,951 NYSE
DuPont DD
$50.96 +0.24 0.47% 4,818,131 NYSE
Exxon XOM
$85.49 -0.34 0.4% 16,638,952 NYSE
GE
$18.89 -0.14 0.74% 35,918,323 NYSE
Hewlett-Packard HPQ
$27.89 +0.01 0.04% 11,543,159 NYSE
Home Depot HD
$44.76 -0.11 0.25% 6,440,549 NYSE
Intel INTC
$26.74 +0.01 0.04% 50,968,694 NASDAQ-GS
IBM
$192.47 +2.01 1.06% 4,151,841 NYSE
JPMorgan JPM
$37.02 -0.19 0.51% 23,277,937 NYSE
Johnson & Johnson JNJ
$65.7 +0.14 0.21% 6,958,321 NYSE
Kraft KFT
$38.18 -0.29 0.75% 5,592,804 NYSE
McDonald's MCD
$98.7 +0.01 0.01% 5,866,463 NYSE
Merck MRK
$38.89 +0.37 0.96% 12,642,779 NYSE
Microsoft MSFT
$29.61 +0.38 1.3% 50,517,654 NASDAQ-GS
Pfizer PFE
$21.58 +0.10 0.47% 35,664,608 NYSE
Procter & Gamble PG
$63.21 -1.09 1.7% 12,407,487 NYSE
3M MMM
$87.34 -0.12 0.14% 3,122,507 NYSE
Travelers TRV
$58.11 +0.06 0.1% 2,332,214 NYSE
United Technologies UTX
$77.61 -0.01 0.01% 4,750,649 NYSE
Verizon VZ
$37.61 +0.40 1.07% 15,614,233 DualListed
Walmart WMT
$61.3 +0.59 0.97% 7,568,767 NYSE
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The following are excerpts from Monday morning's Blog.
A read of the print editions of Monday's Barron's, Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Friday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,660.46 down 74.14 or 0.58% from Thursday's close of 12,734.63. For the week the Dow is down 60.02 or 0.47% from last Friday's close of 12,720.48. For the year the Dow is up 3.63%. Of the 30 Dow components 2 gained and 28 declined. The biggest gainer dollar-wise was United Technologies UTX $77.62 +0.21 0.27% 4,073,520 NYSE and percentage-wise was Alcoa AA $10.43 +0.07 0.68% 21,708,619 NYSE. The biggest decliner dollar-wise and percentage-wise was Chevron CVX $103.96 -2.63 2.47% 10,578,800 NYSE.
Inv. Bus. Daily pA1 "Internet stocks perk up on mixed day for indexes" by Paul Whitfield says stocks waged a quiet battle for small stakes Fri as the indexes finished mixed in declining volume. The current market outlook is a confirmed uptrend.
Friday's Dow Jones Industrial Average closing numerator was 1,672.82 down 9.80 from Thursday's closing numerator of 1,682.62. 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 $55.76 down $0.33 from Thursday's average closing price of $56.09. The median closing price of Friday's Dow Jones Industrial Average was $47.36 (AXP/HD) down $0.11 from Thursday's median closing price of $47.47. The lowest volume was Travelers TRV $58.05 -0.65 1.11% 3,558,497 NYSE and the highest volume again was Bank of America BAC $7.29 -0.01 0.14% 230,645,771 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 $98 ($168,270 - $167,282).
MarketWatch Friday 1/27/12 4:54 pm by Kate Gibson says U.S. stocks on Friday finished mostly lower, but a late surge in financial shares helped the S&P 500 preserve a fourth week of gains after the White House said it would expand a foreclosure-prevention program and hope grew for a Greek debt-deal. “The big news the last couple of weeks is the program they launched over in Europe, the lending facility to the banking system, seems to be working,” said Owen Fitzpatrick, head of the U.S. equity group at Deutsche Bank. For much of the session, the financial sector reversed course in the final hour of trade as the White House said it would loosen rules on a loan-modification program. The sector also drew a late lift from reports that Facebook plans a much-anticipated Initial public offering next week, with the Wall Street Journal reporting investment banks Morgan Stanley MS +0.32% and Goldman Sachs GS -0.93% would participate. Both stocks closed near their highs of the session. Currencies are a major factor for the Asia-Pacific economies, and forex moves may determine whether the region remains the world's growth engine. Check out these briefings on four key Asian currencies and where they may be headed. India's currency suffered a heavy drop late last year, and some believe the culprit may be gold. Up 3.6% for the month to date, the Dow Jones Industrial Average DJIA -0.58% lost 74.17 points, or 0.6%, to end at 12,660.46, down 0.5% for its first weekly loss in four. Chevron Corp. CVX +0.18% shares were among those weighing on the blue-chip index, down 2.5%, after the oil major reported a drop in profit that also fell short of estimates. Up 4.7% for the year so far, the S&P 500 Index /SPX -0.16% shifted briefly higher and ended the day down 2.1 points, or 0.2%, at 1,316.33, up 0.1% from the week-ago close. Component Ford Motor Co. F -0.08% reported its 11th straight profitable quarter, but the auto maker’s results came in below predictions, and its shares were down 4.2%. “This earnings season hasn’t been nearly as robust as the last couple; there’s a bias toward companies beating versus missing, which is reflecting a slow-growing economy,” according to Fitzpatrick. Up 1.1% for the week, the Nasdaq Composite Index /quotes/zigman/123127 COMP +0.40% added 11.27 points, or 0.4%, at 2,816.55, with the index up 8.1% for the month and year so far. For every stock on the decline nearly two gained on the New York Stock Exchange, where nearly 851 million shares traded. “We’ve had such a good run, one of the strongest we’ve had in a long time from the start of the year, so we’re overdue,” said Fitzpatrick of the late-week decline in equities. Facebook could file IPO paperwork as early as Wednesday of next week, and Morgan Stanley is close to winning the "lead left" position in the IPO. Facebook has been valued between $75 and $100 Billion dollars. “There are a lot of bullish surveys, which is usually a clear sign that things are going to correct,” he added. U.S. stocks had started mostly lower after the U.S. government said the economy grew 2.8% in 2011’s final quarter, less than the 3% predicted by analysts surveyed by MarketWatch. A rise in consumer confidence had equities only briefly trimming their decline. The Thomson Reuters/University of Michigan final index of consumer sentiment for January climbed to 75 from 69.9 at the end of December. Fitch Ratings on Friday afternoon cut the credit ratings of Spain, Italy, Belgium, Cyprus and Slovenia, saying the five nations do not hold enough financial leverage amid the regional debt crisis. The downgrades, which Fitch warned of in December, came as negotiators for private creditors headed back to Athens for talks on a debt swap to reduce Greece’s borrowings and avoid a possible default. “We all know it’s just a matter of getting everyone lined up in terms of getting private investors to take a haircut, and here domestically, things have been headed in the right direction,” said Fitzpatrick at Deutsche Bank. “The program they launched over in Europe, the lending facility to the banking system, seems to be working, with yields on Spain and Italy’s sovereign debt making substantial moves in the right direction.” “The one exception is Portugal, which seems to be headed in the wrong direction and is up another 38 basis points today,” he added.
Friday's Closing Dow Numbers and Monday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.16 -0.29 0.98% 36,357,419 NYSE: NYT pB8 "AT&T says it badly needs mroe spectrum" by Brian Chen says smartphones & tablets are squeeezing data networks and AT&T says the gov is keeping telecoms from expanding the data networks' capacity.
Alcoa AA $10.43 +0.07 0.68% 21,708,619 NYSE: Barron's pM10 "A triumph of strategy over hope" by Steven Sears says a good strategy might be to sell Feb calls that are 10% out of the money on Alcoa.
American Express AXP $49.85 -0.13 0.26% 5,376,097 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Bank of America BAC $7.29 -0.01 0.14% 230,645,771 NYSE: WSJ pC1 "Banks seek a direction" by Jon Cheng says Bank of America the worst performing member of the Dow last year is up 31% and JUPMorgan is up 12%.
NYT pB1 "US banks tally exposure to Europe's maelstrom" by Pete Eavis says five large US banks including JPMorgan and Bank of America have more than $80 bill of exposure to Italy, Spain, Portugal, Ireland and Greece, the most stressed nations in the Euro zone.
WSJ pC3 "BofA plans a reshuffle" by Dan Fitzpatrick says Tom Montage the co-coo will name Christain Meissner to be the sole head of its investment banking operation. He has no ties to the charlotte based bank or the old Merrill Lynch.
Boeing BA $74.55 -0.76 1.01% 4,745,440 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Inv. Bus. Daily pA6 "Airlines discovering leasing planes is cheaper than buying "by Vance Cariaga says Air Lease in Dec closed a $1.2 bil order with Boeing to buy 8 more planes, it already has 79 aircraft which it leases to 49 airlines in 30 countries.
Caterpillar CAT $111.28 -0.03 0.03% 7,826,752 NYSE: WSJ pB1 "Lockout tests union's clout" by James Hagerty says Caterpillar has locked out 450 workers at a locomotive factory in London, Ontario.
Chevron CVX $103.96 -2.63 2.47% 10,578,800 NYSE: Daily Report p9 "2nd Circ faults US dist judge's attempt to block $17 bil judgment vs Chevron" by Mark Hamblett discusses the appellate court's ruling dismissing the declaratory judgment for Chevron involving environmental claims in Ecuador.
Cisco CSCO $19.56 -0.27 1.36% 43,538,596 NASDAQ-GS: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Coke KO $67.44 -0.57 0.84% 8,387,548 NYSE: No mentions found.
Disney DIS $39.25 -0.10 0.25% 9,573,480 NYSE: No mentions found.
DuPont DD $50.72 -0.22 0.43% 6,744,091 NYSE: No mentions found.
Exxon XOM $85.83 -0.94 1.08% 15,976,476 NYSE: WSJ pB3 "Exxon Mobil to unload its subsidiary in Japan" by Paul Baylis, NYT pB7 "Exxon Mobil agrees to sell unit in Japan" by Michael J. de la Merced", USA Today p1B "Exxon to sell Japanese unit in $3.9 bil deal" say XOm will sell its refining & marketing business to partner TonenGeneral Sekiyu and Exxon's stake in TonenGeneral will fall to 22% from 50%.
WSJ pB2 "Happening this week", NYT pB2 "Corporate Earnings" says on Tues Exxon and Pfizer report and on Thurs Merck reports.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walmart, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
GE $19.03 -0.04 0.21% 32,513,821 NYSE: USA Today p2B "How does GE's int'l strategy help in USA" by Kathy Chu is an interview with GE's vice chair and heald of global opeations John Rice who says GE's int'l strategy benefits its US operations.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Hewlett-Packard HPQ $27.88 -0.11 0.39% 11,894,256 NYSE: No mentions found.
Home Depot HD $44.87 -0.08 0.18% 7,886,300 NYSE: No mentions found.
Intel INTC $26.73 -0.02 0.07% 50,580,837 NASDAQ-GS: Barron's p20 "Just don't lose it" by Kopin Tan says Bahl & Gaynor screens for firms that pay a yield of at least 2% and have raised dividends in at least 2 of the past 5 years and among them are McDonald's and Intel.
IBM $190.46 -0.52 0.27% 3,357,357 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
JPMorgan JPM $37.21 -0.28 0.75% 27,498,266 NYSE: WSJ pC1 "Banks seek a direction" by Jon Cheng says Bank of America the worst performing member of the Dow last year is up 31% and JUPMorgan is up 12%.
NYT pB1 "US banks tally exposure to Europe's maelstrom" by Pete Eavis says five large US banks including JPMorgan and Bank of America have more than $80 bill of exposure to Italy, Spain, Portugal, Ireland and Greece, the most stressed nations in the Euro zone.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Johnson & Johnson JNJ $65.56 -0.14 0.21% 10,417,203 NYSE: No mentions found.
Kraft KFT $38.47 -0.13 0.34% 6,794,493 NYSE: No mentions found.
McDonald's MCD $98.69 -0.49 0.49% 5,124,355 NYSE: Barron's p20 "Just don't lose it" by Kopin Tan says Bahl & Gaynor screens for firms that pay a yield of at least 2% and have raised dividends in at least 2 of the past 5 years and among them are McDonald's and Intel.
Barron's p16 "CEO Spotlight David Novak" by Lawrence Strauss interviews the CEO of Yum! Brands who says that in 1989 McDonald's made a foray into pizza.
Merck MRK $38.52 -0.26 0.67% 12,119,824 NYSE: NYT pB2 "Corporate Earnings" says on Tues Exxon and Pfizer report and on Thurs Merck reports.
Barron's p15 "Week preview" says on Thursday Merck reports earnings.
Inv. Bus. Daily pA9 "Biomeds reach for critical mass" by Marilyn Alva says last year 2 new hepatitis C drugs from Vertex and Merck spurred excitement in the market.
Microsoft MSFT $29.23 -0.27 0.92% 44,184,878 NASDAQ-GS: Barron's p9 "Just too much money" by Michael Santoli says Microsoft initiated a dividend in early '03 but its stock has done little since then.
Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
Pfizer PFE $21.48 -0.15 0.69% 132,871,584 NYSE: Fin times p20 "Pfizer", NYT pB2 "Corporate Earnings" say on Tues Exxon and Pfizer report and on Thurs Merck reports. FT says analysts wonder if Pfizer will continue its run of strong profit and rev growth in spite of the patent expiration of Lipitor.
Procter & Gamble PG $64.3 -0.50 0.77% 10,979,911 NYSE:
3M MMM $87.46 -0.12 0.14% 3,747,183 NYSE:
Travelers TRV $58.05 -0.65 1.11% 3,558,497 NYSE: No mentions found.
United Technologies UTX $77.62 +0.21 0.27% 4,073,520 NYSE: No mentions found.
Verizon VZ $37.21 -0.13 0.35% 17,108,888 DualListed:
Walmart WMT $60.71 -0.26 0.43% 6,286,485 NYSE: Barron's p27 "Yielding to realty" by Lauren R. Rublin is a round table and says Brian Rogers likes firms whose success has gone unnoticed by the market such as JPMorgan. Abby Joseph Cohen likes ExxonMobil due to its dividends and stock buybacks which can deliver a 7% yield. Fred Hickey predicts that Microsoft will get the respect it deserves. Abby Joseph Cohen likes Boeing, ExxonMobil, JPMorgan and American Express. Brian Rogers of T Rowe Price says Microsoft used to sell for 40 times earnings ten years ago and now is 9 times earnings. It was one of those companies like Intel, Walamrt, and GE that sold for 35 to 45 times earnings in '00. Juniper Networks is a little Cisco in the type of networking equipment it provides and is an important company to IBM. Cohen likes Boeing which trades for 14 times '12 earnings estimates and yields 2.3%.
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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)
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 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
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
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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
3M MMM: 12/6/11 8K re eps guidance
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
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
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
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