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Post No. 1,500 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' recent SEC filings.
A read of the print editions of Thursday's Wall St. Journal, Financial Times, Investor's Business Daily,New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga. - carried Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Wednesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 12,952.07 down 53.05 or 0.41% from Tuesday's close of 13,005.12. For the year the Dow is up 6.01%. Of the 30 Dow components 9 gained and 21 declined. The biggest gainer dollar-wise and percentage-wise was Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE and percentage-wise was Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE.
WSJ pC4 "Recovery worries weigh on stocks" by Jonathan Cheng says stocks ended a strong month of gains on a weak note, after Fed Res. Chairman Ben Bernanke took a cautious view of the US recovery and offered few clear signals for add'l easing measures to aid the economy. Pulling the indexes lower were materials & energy stocks. Hewlett-Packard fell 87 cents to lead the Dow down while Alcoa lost 20 cents and Exxon dropped 64 cents.
Fin Times p26 "Nasdaq touches 3000 as rally in Apple shows little sign of slowing" by Ajay Makan says nasdaq topped 3000 briefly for the first time in more than 11 years. JPMorgan bucked the trend to climb 0.1% after its CEO forecast record breaking profits at an analyst day on Tues.
NYT pB11 "bernanke's comments stp a winning streak" by Reuters says stocks slipped on Wed after Bernanke disappointed investors hoping for a signal of more stimulus.
Inv. Bus. Daily pA1 "Stocks slip, but enjoy huge 2 month run" by David Saito-Chung says stocks reversed & stumbled lower in higher vol Wed but that didn't stop the market from enjoying one of its best Jan-Feb periods in 20 years. The current outlook is the market is still in a confirmed uptrend.
USA Today p4B "No hint of new Fed stimulus knocks wind out of stock rally" by Bloomberg says stocks fell Wed snapping a 4 session advance by the S&P as Fed Res Chair Bernanke gave no signal that the central bank is considering more measures to spur the economy.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.49 down from Wednesday's trailing P/E ratio of 14.55 (year ago it was 14.65); Thursday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.67) and today's dividend yield is 2.51 up from yesterday's dividend yield of 2.50 (last year it was 2.41). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,707.78 down 10.48 from Tuesday's closing numerator of 1,718.36. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.93 down $0.25 from Tuesday's average closing price of $57.28. The median closing price of Wednesday's Dow Jones Industrial Average was $49.21 (DD/HD)down $0.10 from Monday's median closing price of $49.31. The lowest volume was 3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE and the highest volume again was Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,018 ($171,836 - $170,778).
MarketWatch Wednesday 2/29/12 4:44 pm by Kate Gibson says U.S. stocks indexes fell modestly Wednesday in closing the books on strong February gains, with the Dow Jones Industrial Average rising for a fifth straight month. “A combination of good economic news and stimulus is all contributing to a good market,” said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York. “Europe is moving in the right direction too, although a lot of what is going on in the sovereign debt crisis is already priced into the market,” Martiak added. Up 2.5% for February and 6% year-to-date, the Dow DJI -0.41% shed 53.05 points, or 0.4%, to close at 12,952.07. The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008. “The last time we were here, the valuation of the S&P 500 was 17 times, we currently have a 14 PE multiple,” Art Hogan, strategist at Lazard Capital Markets, said of price to earnings per share. “In a real sense, we’re much more fairly valued than the Dow 13,000 the last time we were here,” he added. The S&P 500 Index SPX -0.47% declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011. The Nasdaq Composite Index COMP -0.67% declined 19.87 points, or 0.7%, to 2,966.89. The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far, with Apple Inc. AAPL +0.01% in particular leading the climb.
“With tech, the risk-on trade is better than ever, especially when you look at Apple, which keeps breaking through to new historic highs. It’s such a bellwether for the sector,” said Premier Financial’s Martiak of the iPod maker, which had its market capitalization top $500 billion on Tuesday. On Wednesday, stocks reverted to losses, with the Dow clearing what had been a 50-point rise, after Federal Reserve Chairman Ben Bernanke curbed market expectations of more monetary easing in testifying before Congress. Gold futures GCJ2 -5.10% sank and the dollar DXY +0.73% rebounded after Bernanke didn’t deliver any hint that the Fed was thinking about further steps to bolster economic growth. “This must have been the best-kept secret in a long time: the market looking for an indication from Bernanke’s testimony that additional easing in the form of QE3 was on the way,” noted Elliot Spar, market strategist at Stifel Nicolaus, in emailed commentary. In his testimony, Bernanke said keeping monetary stimulus is warranted but climbing energy costs would likely hike inflation temporarily and that the decline in the nation’s jobless rate had been more rapid than expected. Ahead of the Fed chairman’s appearance, U.S. stocks had risen modestly, lifting the Nasdaq briefly above 3,000 for the first time since late 2000, after data showed the economy grew more than expected in the fourth quarter and as worries about Europe’s financial troubles ebbed. “It’s a move in the right direction,” said Lazard’s Hogan of the Commerce Department’s upward revision in gross domestic product, to 3% growth from an initial reading of 2.8%, for the final three months of 2011. While Dow 13,000 and Nasdaq 3,000 could be a boost to sentiment, Martiak said he’s watching for the S&P 500 to clear technical resistance at 1,400 to 1,425. “It took awhile to get to 13,000, so I think it will be a measured pace, but the S&P breaching 1,400 is a reasonable expectation sometime next month,” Martiak said. For every stock rising nearly two fell on the New York Stock Exchange, where 1.1 billion shares traded. Composite volume topped 4.4 billion. Oil futures CLJ2 +0.33% rose for their first session in three after the government reported U.S. stockpiles of crude climbed to a more-than-five-month high. The contract for April delivery closed 52 cents higher at $107.07 a barrel on the New York Mercantile Exchange. European banks and institutions took billions in loans from the European Central Bank under its long term refinancing operation. A major driver in the market stemmed from the ECB’s allocation of 529.5 billion euros ($713.4 billion) in its second auction of three-year loans to the banking sector. The amount was slightly higher than some analysts expected, but not so high that it stoked worries about stresses on the banks. “The ECB seems to have a real game plan here, the second tranche of the LTRO is right in line with credible expectations that should keep the liquidity crisis at bay,” said Hogan. Stock gains were supported after the open by a gauge of business activity in the Chicago area rising more than expected in February.
And, stock indexes were little moved by the afternoon release of the Federal Reserve’s Beige Book, an anecdotal read of economic conditions across the country. The report found modest improvements in residential real estate and banking conditions.
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.59 +0.06 0.2% 25,048,279 NYSE: WSJ pB1 "All mobile traffic isn't equal" by Anton Troianovski says wireless carriers are cutting special deals with users. AT&T will let app developers subsidize US subscribers' use of services.
Alcoa AA $10.17 -0.20 1.93% 24,365,538 NYSE: WSJ pC4 "Recovery worries weigh on stocks" by Jonathan Cheng says stocks ended a strong month of gains on a weak note, after Fed Res. Chairman Ben Bernanke took a cautious view of the US recovery and offered few clear signals for add'l easing measures to aid the economy. Pulling the indexes lower were materials & energy stocks. Hewlett-Packard fell 87 cents to lead the Dow down while Alcoa lost 20 cents and Exxon dropped 64 Cents.
American Express AXP $52.89 -0.87 1.62% 9,584,081 NYSE: No mentions found.
Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE: WSJ pA1 "Big bank weighs new set of fees" by Dan Fitzpatrick says Bank of America is considering changes that would require many users of checking accounts to pay a monthly fee unless they agree to bank online, buy more products or maintain certain balances. JPMorgan and other banks have rolled out plans that aim to raise fee rev or push customers to do more business with the bank.
WSJ pC12 "Fannie returns fire at BofA" by David Reilly, WSJ pC2 "Fannie Mae Bank of America's views on split-up challenged" by Nick Timiraos say Fannie Mae said it was that one that decided not to do any more business with Bank of America, not the other way around as claimed by BofA last week.
Boeing BA $74.95 -0.21 0.28% 4,530,059 NYSE: No mentions found.
Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE: No mentions found.
Chevron CVX $109.12 -0.49 0.45% 9,903,534 NYSE: No mentions found.
Cisco CSCO $19.88 -0.32 1.58% 45,407,345 NASDAQ-GS: Inv. Bus. Daily pA4 "Cisco Systems presses social biz networking" by Pete Barlas, IBD pA4 "Race is on to be the busienss Facebook" by Pete Barlas says Cisco is in the scramble to offer a business social networking service.
Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE: WSJ pB8 "The business of case studies" by Melissa Korn says the top five cases from Harvard Business Publishing in '11 include Disney's 1980's turnaround and the Coke and Pepsi Cola Wars in '06.
Disney DIS $41.99 +0.06 0.14% 14,529,047 NYSE: WSJ pB8 "The business of case studies" by Melissa Korn says the top five cases from Harvard Business Publishing in '11 include Disney's 1980's turnaround and the Coke and Pepsi Cola Wars in '06.
DuPont DD $50.85 -0.54 1.05% 5,654,827 NYSE: No mentions found.
Exxon XOM $86.5 -0.64 0.73% 16,787,044 NYSE: WSJ pC4 "Recovery worries weigh on stocks" by Jonathan Cheng says stocks ended a strong month of gains on a weak note, after Fed Res. Chairman Ben Bernanke took a cautious view of the US recovery and offered few clear signals for add'l easing measures to aid the economy. Pulling the indexes lower were materials & energy stocks. Hewlett-Packard fell 87 cents to lead the Dow down while Alcoa lost 20 cents and Exxon dropped 64 Cents.
GE $19.05 -0.11 0.57% 43,487,867 NYSE: WSJ pB6 "Wind turbines court splits patent ruling in Ge, Mitsubishi dispute" by Bob Sechler says GE and Mitsubishi Heavy Industries ltd scored a split ruling in a patent dispute as a fed appeal court in DC upheld an earlier decision by the US Int'l Trade Comm saying it didn't infringe on a GE patent for wind turbines but it reversed an ITC decision involving another GE patent for turbine tech.
WSJ pD1 "The wait-time misery index" by Ray A Smith says deliveries trap you at home and gives examples from GE and Verizon of ways they are responding to cut the wait time.
Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE: WSJ pC4 "Recovery worries weigh on stocks" by Jonathan Cheng says stocks ended a strong month of gains on a weak note, after Fed Res. Chairman Ben Bernanke took a cautious view of the US recovery and offered few clear signals for add'l easing measures to aid the economy. Pulling the indexes lower were materials & energy stocks. Hewlett-Packard fell 87 cents to lead the Dow down while Alcoa lost 20 cents and Exxon dropped 64 Cents.
Home Depot HD $47.57 +0.34 0.72% 11,021,450 NYSE: AJC pA16 "Home Depot re-ups with Martha Stewart" says Home Depot extended its agreement to offer Martha Stewart Living branded products through '16.
Intel INTC $26.88 -0.36 1.32% 40,921,392 NASDAQ-GS: No mentions found.
IBM $196.73 -1.25 0.63% 4,973,110 NYSE: No mentions found.
JPMorgan JPM $39.24 +0.03 0.08% 39,726,421 NYSE: WSJ pA1 "Big bank weighs new set of fees" by Dan Fitzpatrick says Bank of America is considering changes that would require many users of checking accounts to pay a monthly fee unless they agree to bank online, buy more products or maintain certain balances. JPMorgan and other banks have rolled out plans that aim to raise fee rev or push customers to do more business with the bank.
WSJ pC1 "Fast, furious at MF Global" by Julie Steinberg tells how millions were transferred to an MF global account at JPMorgan.
Fin Times p21 "SEC builds case against banks" by kara Scannell, AJC pA16 "JPMorgan Chase may face SEC action" say JPMorgan received notice from regulators that it could face charges over disclosures re: mortgage backed investments that soured during the fin'l crisis.
Johnson & Johnson JNJ $65.08 -0.10 0.15% 11,143,514 NYSE: No mentions found.
Kraft KFT $38.07 +0.07 0.18% 7,154,324 NYSE: No mentions found.
McDonald's MCD $99.28 -0.50 0.5% 5,361,126 NYSE: No mentions found.
Merck MRK $38.17 -0.21 0.55% 14,990,409 NYSE: No mentions found.
Microsoft MSFT $31.74 -0.13 0.41% 58,281,547 NASDAQ-GS: WSJ pB4 "A test ride for Windows 8" by Sven Grundberg, Inv. Bus. Daily pA4 "Microsoft's 8 targets Apple & google" by Patrick Seitz, Inv. Bus. Daily pA2 "windows 8 test drives begin", NYT pB1 "Seeking synchronicity" by Jenna Wortham, USA Today p3B "Up close with Windows 8" by Ed Baig, AJC pA16 "Consumers hands-on with Windows 8" say at the Mobile World Congress in Barcelona Microsoft introduced the test beta version of its touchbased Windows 8 operating system.
WSJ pB2 "FTC attorney to join Microsoft" by Thomas Catan says Randall Long, a senior FTC attorney who led the agency's antitrust investigations into Google has been hired by Microsoft.
Inv. Bus. Daily pA2 "Kinect to play role in shopping" says Whole Foods is looking to tap Kinect's tech for its stores by developing a cart that can follow a customer in the store.
Pfizer PFE $21.125 -0.095 0.45% 35,013,565 NYSE: No mentions found.
Procter & Gamble PG $67.62 +0.23 0.34% 14,236,437 NYSE: No mentions found.
3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE: No mentions found.
Travelers TRV $57.97 -0.43 0.74% 4,084,682 NYSE: No mentions found.
United Technologies UTX $83.87 +0.40 0.48% 4,087,809 NYSE: No mentions found.
Verizon VZ $38.11 -0.04 0.1% 14,424,847 DualListed: WSJ pB13 "Cable firms warm to outdoor" by Shalini Ramachandran says Time Warner, Comcast and Bright House Networks sold unuess wireless airwaves to Verizon and has the right to resell Verizon cellular service in 4 years.
WSJ pD1 "The wait-time misery index" by Ray A Smith says deliveries trap you at home and gives examples from GE and Verizon of ways they are responding to cut the wait time.
Walmart WMT $59.08 +0.15 0.25% 11,076,285 NYSE: AJC pA16 "new ad possibilities available on Facebboo" says Walmart and Starbucks may start advertising on Facebook.
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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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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
Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes
American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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
Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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
Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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
Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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
Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
Cisco CSCO 2/8/12 8K re: 2Q results
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
Coke KO 2/7/12 8K re: 4Q & full year '11 results
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
Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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
DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director
ExxonMobil XOM: 1/31/12 8K re: 4Q results
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
GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11
Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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
Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11
IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt
JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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
Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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
Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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
McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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
Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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
Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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
Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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
Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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
Wednesday, February 29, 2012
2/29/12 Wed pm Dow Closes at 12,952.07 down 53.05 or 0.41%
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. 1,499 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' recent SEC filings.
The Dow Jones Industrial Average closed Wednesday at 12,952.07 down 53.05 or 0.41% from Tuesday's close of 13,005.12. Of the 30 Dow components 9 gained and 21 declined. The biggest gainer dollar-wise and percentage-wise was Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE and percentage-wise was Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.55 up from Tuesday's trailing P/E ratio of 14.53 (year ago it was 14.65); Wednesday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.67) and today's dividend yield is 2.50 unchanged from yesterday's dividend yield of 2.50 (last year it was 2.41). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,707.78 down 10.48 from Tuesday's closing numerator of 1,718.36. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.93 down $0.25 from Tuesday's average closing price of $57.28. The median closing price of Wednesday's Dow Jones Industrial Average was $49.21 (DD/HD)down $0.10 from Monday's median closing price of $49.31. The lowest volume was 3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE and the highest volume again was Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,018 ($171,836 - $170,778).
MarketWatch Wednesday 2/29/12 4:44 pm by Kate Gibson says U.S. stocks indexes fell modestly Wednesday in closing the books on strong February gains, with the Dow Jones Industrial Average rising for a fifth straight month. “A combination of good economic news and stimulus is all contributing to a good market,” said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York. “Europe is moving in the right direction too, although a lot of what is going on in the sovereign debt crisis is already priced into the market,” Martiak added. Up 2.5% for February and 6% year-to-date, the Dow DJI -0.41% shed 53.05 points, or 0.4%, to close at 12,952.07. The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008. “The last time we were here, the valuation of the S&P 500 was 17 times, we currently have a 14 PE multiple,” Art Hogan, strategist at Lazard Capital Markets, said of price to earnings per share. “In a real sense, we’re much more fairly valued than the Dow 13,000 the last time we were here,” he added. The S&P 500 Index SPX -0.47% declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011. The Nasdaq Composite Index COMP -0.67% declined 19.87 points, or 0.7%, to 2,966.89. The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far, with Apple Inc. AAPL +0.01% in particular leading the climb.
“With tech, the risk-on trade is better than ever, especially when you look at Apple, which keeps breaking through to new historic highs. It’s such a bellwether for the sector,” said Premier Financial’s Martiak of the iPod maker, which had its market capitalization top $500 billion on Tuesday. On Wednesday, stocks reverted to losses, with the Dow clearing what had been a 50-point rise, after Federal Reserve Chairman Ben Bernanke curbed market expectations of more monetary easing in testifying before Congress. Gold futures GCJ2 -5.10% sank and the dollar DXY +0.73% rebounded after Bernanke didn’t deliver any hint that the Fed was thinking about further steps to bolster economic growth. “This must have been the best-kept secret in a long time: the market looking for an indication from Bernanke’s testimony that additional easing in the form of QE3 was on the way,” noted Elliot Spar, market strategist at Stifel Nicolaus, in emailed commentary. In his testimony, Bernanke said keeping monetary stimulus is warranted but climbing energy costs would likely hike inflation temporarily and that the decline in the nation’s jobless rate had been more rapid than expected. Ahead of the Fed chairman’s appearance, U.S. stocks had risen modestly, lifting the Nasdaq briefly above 3,000 for the first time since late 2000, after data showed the economy grew more than expected in the fourth quarter and as worries about Europe’s financial troubles ebbed. “It’s a move in the right direction,” said Lazard’s Hogan of the Commerce Department’s upward revision in gross domestic product, to 3% growth from an initial reading of 2.8%, for the final three months of 2011. While Dow 13,000 and Nasdaq 3,000 could be a boost to sentiment, Martiak said he’s watching for the S&P 500 to clear technical resistance at 1,400 to 1,425. “It took awhile to get to 13,000, so I think it will be a measured pace, but the S&P breaching 1,400 is a reasonable expectation sometime next month,” Martiak said. For every stock rising nearly two fell on the New York Stock Exchange, where 1.1 billion shares traded. Composite volume topped 4.4 billion. Oil futures CLJ2 +0.33% rose for their first session in three after the government reported U.S. stockpiles of crude climbed to a more-than-five-month high. The contract for April delivery closed 52 cents higher at $107.07 a barrel on the New York Mercantile Exchange. European banks and institutions took billions in loans from the European Central Bank under its long term refinancing operation. A major driver in the market stemmed from the ECB’s allocation of 529.5 billion euros ($713.4 billion) in its second auction of three-year loans to the banking sector. The amount was slightly higher than some analysts expected, but not so high that it stoked worries about stresses on the banks. “The ECB seems to have a real game plan here, the second tranche of the LTRO is right in line with credible expectations that should keep the liquidity crisis at bay,” said Hogan. Stock gains were supported after the open by a gauge of business activity in the Chicago area rising more than expected in February.
And, stock indexes were little moved by the afternoon release of the Federal Reserve’s Beige Book, an anecdotal read of economic conditions across the country. The report found modest improvements in residential real estate and banking conditions.
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.59 +0.06 0.2% 25,048,279 NYSE
Alcoa AA $10.17 -0.20 1.93% 24,365,538 NYSE
American Express AXP $52.89 -0.87 1.62% 9,584,081 NYSE
Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE
Boeing BA $74.95 -0.21 0.28% 4,530,059 NYSE
Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE
Chevron CVX $109.12 -0.49 0.45% 9,903,534 NYSE
CSCO $19.88 -0.32 1.58% 45,407,345 NASDAQ-GS
Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE
Disney DIS $41.99 +0.06 0.14% 14,529,047 NYSE
DuPont DD $50.85 -0.54 1.05% 5,654,827 NYSE
Exxon XOM $86.5 -0.64 0.73% 16,787,044 NYSE
GE $19.05 -0.11 0.57% 43,487,867 NYSE
Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE
Home Depot HD $47.57 +0.34 0.72% 11,021,450 NYSE
Intel INTC $26.88 -0.36 1.32% 40,921,392 NASDAQ-GS
IBM $196.73 -1.25 0.63% 4,973,110 NYSE
JPMorgan JPM $39.24 +0.03 0.08% 39,726,421 NYSE
Johnson & Johnson JNJ $65.08 -0.10 0.15% 11,143,514 NYSE
Kraft KFT $38.07 +0.07 0.18% 7,154,324 NYSE
McDonald's MCD $99.28 -0.50 0.5% 5,361,126 NYSE
Merck MRK $38.17 -0.21 0.55% 14,990,409 NYSE
Microsoft MSFT $31.74 -0.13 0.41% 58,281,547 NASDAQ-GS
Pfizer PFE $21.125 -0.095 0.45% 35,013,565 NYSE
Procter & Gamble PG $67.62 +0.23 0.34% 14,236,437 NYSE
3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE
Travelers TRV $57.97 -0.43 0.74% 4,084,682 NYSE
United Technologies UTX $83.87 +0.40 0.48% 4,087,809 NYSE
Verizon VZ $38.11 -0.04 0.1% 14,424,847 DualListed
Walmart WMT $59.08 +0.15 0.25% 11,076,285 NYSE
*******************
The following are excerpts from Wed. morning's Blog.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily,New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga. - carried Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 13,005.12 up 23.61 or 0.18% from Monday's close of 12,981.51. For the year the Dow is up 6.45%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Johnson & Johnson JNJ $65.18 +0.73 1.13% 11,329,887 NYSE and percentage-wise was Microsoft MSFT $31.87 +0.52 1.66% 43,685,725 NASDAQ-GS. The biggest decliner dollar-wise was McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE and percentage-wise was Exxon XOM $87.14 -0.09 0.1% 13,932,180 NYSE.
WSJ pC1 "Optimism drives Dow past milestone" by E. S. Browning says the Dow finished above 13000 for the first time since May '08 as last summer's fears of a US recession & a European debt collapse have gradually waned The Dow has stagted a 22% rebound since early Oct and its 6.4% gain for '12 marks the strongest start of a year since '98.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
USA Today p1B "Dow struggles back above 13000: now what?" by Adam Shell says the Dow now may be headed for 14000.
Inv. Bus,. Daily pA1 "Market rallies into close; trade rises" by Victor Reklaitis says stocks scored gains Tues after a seesaw session helped by an upbeat consumer confidence report & Apple's 2% advance.
Tuesday's Dow Jones Industrial Average closing numerator was 1,718.36 up 3.12 from Monday's closing numerator of 1,715.24. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $57.28 up $0.11 from Monday's average closing price of $57.17. The median closing price of Tuesday's Dow Jones Industrial Average was $49.31 (DD/HD)up $0.18 from Monday's median closing price of $49.13. The lowest volume was Travelers TRV $58.4 -0.20 0.34% 1,909,943 NYSE and the highest volume again was Bank of America BAC $8.12 +0.08 1% 187,893,330 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $312 ($171,836 - $171,524).
MarketWatch Tuesday 2/28/12 4:13 pm by Laura Mandaro says U.S. stocks gained Tuesday after an index showed consumer confidence at a 12-month high and oil prices slid, helping boost the Dow Jones Industrial Average DJI +0.18% to its first close above 13,000 since May 2008. The Dow average rose 23.61 points, or 0.2%, to 13,005.12. The S&P 500 SPX +0.34% gained 4.59 points, or 0.3%, to 1,372.18, its fourth straight session of gains. The Nasdaq Composite COMP +0.70% added 20.60 points, or 0.7%, to 2,986.76, also its fourth day of gains.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.53 +0.17 0.56% 19,899,241 NYSE: No mentions found.
Alcoa AA
$10.37 +0.05 0.48% 18,029,658 NYSE: No mentions found.
American Express AXP
$53.76 -0.42 0.78% 6,867,691 NYSE: No mentions found.
Bank of America BAC
$8.12 +0.08 1% 187,893,330 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Boeing BA
$75.16 -0.05 0.07% 3,350,262 NYSE: No mentions found.
Caterpillar CAT
$115.76 +0.13 0.11% 3,744,138 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Chevron CVX
$109.61 -0.02 0.02% 8,902,225 NYSE: WSJ pB7 "Chevron Brazil rejects injunction in case over oil spill" by Jeff Fick says a fed judge in Brazil denied an injunction to suspend the local operations of Chevron saying it would have punished the firm before it could go to court.
Cisco CSCO
$20.2 +0.03 0.15% 32,565,421 NASDAQ-GS: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Coke KO
$68.86 +0.03 0.04% 3,685,970 NYSE: No mentions found.
Disney DIS
$41.93 +0.29 0.7% 6,716,369 NYSE: No mentions found.
DuPont DD
$51.39 +0.19 0.37% 3,926,551 NYSE: No mentions found.
Exxon XOM
$87.14 -0.09 0.1% 13,932,180 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
GE
$19.16 +0.09 0.47% 31,810,931 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Hewlett-Packard HPQ
$26.18 -0.07 0.27% 22,103,119 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Home Depot HD
$47.23 +0.30 0.64% 7,840,897 NYSE: No mentions found.
Intel INTC
$27.24 +0.35 1.3% 32,390,898 NASDAQ-GS: No mentions found.
IBM
$198.01 +0.48 0.24% 2,873,776 NYSE: AJCpA10 "IBM reprotedly lays off 1,100 in North America" says IBM laid off 1,100 workers across business segments in US and Canada. It had 433,362 employees as of 12/31.
JPMorgan JPM
$39.18 +0.12 0.31% 35,136,737 NYSE: WSJ pC14 "Overheard" says Jamie Dimon said JPM will have records profits in the next year or two.
WSJ pC3 "Banks may face charges from SEC" by Liz Moyer says Goldman Sach, JPMorgan and Wells Fargo have been told the SEC may sue them for shoddy disclosures of the risks of subprime mortgage bond tied to the fin'l crisis.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Johnson & Johnson JNJ
$65.18 +0.73 1.13% 11,329,887 NYSE: No mentions found.
Kraft KFT
$38 +0.09 0.24% 7,017,687 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE: WSJ pB7 "McDonald's pushes for more gains in China" by Laurie Brukitt says McDonald's is launching an ad campaign in China that taps rising worries over food safety * quality in an attempt to win market share from its rival Yum Brand's KFC.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Merck MRK
$38.38 +0.23 0.6% 9,169,596 NYSE: No mentions found.
Microsoft MSFT
$31.87 +0.52 1.66% 43,685,725 NASDAQ-GS: No mentions found.
Pfizer PFE
$21.22 -0.04 0.19% 26,963,847 NYSE: AJC pA10 "Pfizer recalling some pneumococcal vaccine" says it is recalling Prevnar 13 due to the active ingredient being past its expiration date.
Procter & Gamble PG
$67.39 +0.69 1.03% 13,303,829 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
MMM
$87.77 -0.30 0.34% 2,376,270 NYSE: No mentions found.
Travelers TRV
$58.4 -0.20 0.34% 1,909,943 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
United Technologies UTX
$83.47 -0.16 0.19% 2,541,339 NYSE: No mentions found.
Verizon VZ
$38.15 +0.02 0.05% 12,365,023 DualListed: No mentions found.
Walmart WMT
$58.93 +0.47 0.8% 10,400,685 NYSE: No mentions found.
******************************
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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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
Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes
American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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
Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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
Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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
Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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
Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
Cisco CSCO 2/8/12 8K re: 2Q results
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
Coke KO 2/7/12 8K re: 4Q & full year '11 results
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
Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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
DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director
ExxonMobil XOM: 1/31/12 8K re: 4Q results
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
GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11
Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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
Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11
IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt
JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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
Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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
Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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
McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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
Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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
Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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
Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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
Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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
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. 1,499 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' recent SEC filings.
The Dow Jones Industrial Average closed Wednesday at 12,952.07 down 53.05 or 0.41% from Tuesday's close of 13,005.12. Of the 30 Dow components 9 gained and 21 declined. The biggest gainer dollar-wise and percentage-wise was Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE and percentage-wise was Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.55 up from Tuesday's trailing P/E ratio of 14.53 (year ago it was 14.65); Wednesday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.67) and today's dividend yield is 2.50 unchanged from yesterday's dividend yield of 2.50 (last year it was 2.41). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,707.78 down 10.48 from Tuesday's closing numerator of 1,718.36. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.93 down $0.25 from Tuesday's average closing price of $57.28. The median closing price of Wednesday's Dow Jones Industrial Average was $49.21 (DD/HD)down $0.10 from Monday's median closing price of $49.31. The lowest volume was 3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE and the highest volume again was Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $1,018 ($171,836 - $170,778).
MarketWatch Wednesday 2/29/12 4:44 pm by Kate Gibson says U.S. stocks indexes fell modestly Wednesday in closing the books on strong February gains, with the Dow Jones Industrial Average rising for a fifth straight month. “A combination of good economic news and stimulus is all contributing to a good market,” said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York. “Europe is moving in the right direction too, although a lot of what is going on in the sovereign debt crisis is already priced into the market,” Martiak added. Up 2.5% for February and 6% year-to-date, the Dow DJI -0.41% shed 53.05 points, or 0.4%, to close at 12,952.07. The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008. “The last time we were here, the valuation of the S&P 500 was 17 times, we currently have a 14 PE multiple,” Art Hogan, strategist at Lazard Capital Markets, said of price to earnings per share. “In a real sense, we’re much more fairly valued than the Dow 13,000 the last time we were here,” he added. The S&P 500 Index SPX -0.47% declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011. The Nasdaq Composite Index COMP -0.67% declined 19.87 points, or 0.7%, to 2,966.89. The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far, with Apple Inc. AAPL +0.01% in particular leading the climb.
“With tech, the risk-on trade is better than ever, especially when you look at Apple, which keeps breaking through to new historic highs. It’s such a bellwether for the sector,” said Premier Financial’s Martiak of the iPod maker, which had its market capitalization top $500 billion on Tuesday. On Wednesday, stocks reverted to losses, with the Dow clearing what had been a 50-point rise, after Federal Reserve Chairman Ben Bernanke curbed market expectations of more monetary easing in testifying before Congress. Gold futures GCJ2 -5.10% sank and the dollar DXY +0.73% rebounded after Bernanke didn’t deliver any hint that the Fed was thinking about further steps to bolster economic growth. “This must have been the best-kept secret in a long time: the market looking for an indication from Bernanke’s testimony that additional easing in the form of QE3 was on the way,” noted Elliot Spar, market strategist at Stifel Nicolaus, in emailed commentary. In his testimony, Bernanke said keeping monetary stimulus is warranted but climbing energy costs would likely hike inflation temporarily and that the decline in the nation’s jobless rate had been more rapid than expected. Ahead of the Fed chairman’s appearance, U.S. stocks had risen modestly, lifting the Nasdaq briefly above 3,000 for the first time since late 2000, after data showed the economy grew more than expected in the fourth quarter and as worries about Europe’s financial troubles ebbed. “It’s a move in the right direction,” said Lazard’s Hogan of the Commerce Department’s upward revision in gross domestic product, to 3% growth from an initial reading of 2.8%, for the final three months of 2011. While Dow 13,000 and Nasdaq 3,000 could be a boost to sentiment, Martiak said he’s watching for the S&P 500 to clear technical resistance at 1,400 to 1,425. “It took awhile to get to 13,000, so I think it will be a measured pace, but the S&P breaching 1,400 is a reasonable expectation sometime next month,” Martiak said. For every stock rising nearly two fell on the New York Stock Exchange, where 1.1 billion shares traded. Composite volume topped 4.4 billion. Oil futures CLJ2 +0.33% rose for their first session in three after the government reported U.S. stockpiles of crude climbed to a more-than-five-month high. The contract for April delivery closed 52 cents higher at $107.07 a barrel on the New York Mercantile Exchange. European banks and institutions took billions in loans from the European Central Bank under its long term refinancing operation. A major driver in the market stemmed from the ECB’s allocation of 529.5 billion euros ($713.4 billion) in its second auction of three-year loans to the banking sector. The amount was slightly higher than some analysts expected, but not so high that it stoked worries about stresses on the banks. “The ECB seems to have a real game plan here, the second tranche of the LTRO is right in line with credible expectations that should keep the liquidity crisis at bay,” said Hogan. Stock gains were supported after the open by a gauge of business activity in the Chicago area rising more than expected in February.
And, stock indexes were little moved by the afternoon release of the Federal Reserve’s Beige Book, an anecdotal read of economic conditions across the country. The report found modest improvements in residential real estate and banking conditions.
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.59 +0.06 0.2% 25,048,279 NYSE
Alcoa AA $10.17 -0.20 1.93% 24,365,538 NYSE
American Express AXP $52.89 -0.87 1.62% 9,584,081 NYSE
Bank of America BAC $7.97 -0.15 1.85% 254,615,635 NYSE
Boeing BA $74.95 -0.21 0.28% 4,530,059 NYSE
Caterpillar CAT $114.21 -1.55 1.34% 6,653,822 NYSE
Chevron CVX $109.12 -0.49 0.45% 9,903,534 NYSE
CSCO $19.88 -0.32 1.58% 45,407,345 NASDAQ-GS
Coke KO $69.86 +1.01 1.47% 11,502,502 NYSE
Disney DIS $41.99 +0.06 0.14% 14,529,047 NYSE
DuPont DD $50.85 -0.54 1.05% 5,654,827 NYSE
Exxon XOM $86.5 -0.64 0.73% 16,787,044 NYSE
GE $19.05 -0.11 0.57% 43,487,867 NYSE
Hewlett-Packard HPQ $25.31 -0.87 3.32% 38,120,588 NYSE
Home Depot HD $47.57 +0.34 0.72% 11,021,450 NYSE
Intel INTC $26.88 -0.36 1.32% 40,921,392 NASDAQ-GS
IBM $196.73 -1.25 0.63% 4,973,110 NYSE
JPMorgan JPM $39.24 +0.03 0.08% 39,726,421 NYSE
Johnson & Johnson JNJ $65.08 -0.10 0.15% 11,143,514 NYSE
Kraft KFT $38.07 +0.07 0.18% 7,154,324 NYSE
McDonald's MCD $99.28 -0.50 0.5% 5,361,126 NYSE
Merck MRK $38.17 -0.21 0.55% 14,990,409 NYSE
Microsoft MSFT $31.74 -0.13 0.41% 58,281,547 NASDAQ-GS
Pfizer PFE $21.125 -0.095 0.45% 35,013,565 NYSE
Procter & Gamble PG $67.62 +0.23 0.34% 14,236,437 NYSE
3M MMM $87.6 -0.17 0.19% 3,210,198 NYSE
Travelers TRV $57.97 -0.43 0.74% 4,084,682 NYSE
United Technologies UTX $83.87 +0.40 0.48% 4,087,809 NYSE
Verizon VZ $38.11 -0.04 0.1% 14,424,847 DualListed
Walmart WMT $59.08 +0.15 0.25% 11,076,285 NYSE
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The following are excerpts from Wed. morning's Blog.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily,New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga. - carried Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 13,005.12 up 23.61 or 0.18% from Monday's close of 12,981.51. For the year the Dow is up 6.45%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Johnson & Johnson JNJ $65.18 +0.73 1.13% 11,329,887 NYSE and percentage-wise was Microsoft MSFT $31.87 +0.52 1.66% 43,685,725 NASDAQ-GS. The biggest decliner dollar-wise was McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE and percentage-wise was Exxon XOM $87.14 -0.09 0.1% 13,932,180 NYSE.
WSJ pC1 "Optimism drives Dow past milestone" by E. S. Browning says the Dow finished above 13000 for the first time since May '08 as last summer's fears of a US recession & a European debt collapse have gradually waned The Dow has stagted a 22% rebound since early Oct and its 6.4% gain for '12 marks the strongest start of a year since '98.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
USA Today p1B "Dow struggles back above 13000: now what?" by Adam Shell says the Dow now may be headed for 14000.
Inv. Bus,. Daily pA1 "Market rallies into close; trade rises" by Victor Reklaitis says stocks scored gains Tues after a seesaw session helped by an upbeat consumer confidence report & Apple's 2% advance.
Tuesday's Dow Jones Industrial Average closing numerator was 1,718.36 up 3.12 from Monday's closing numerator of 1,715.24. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $57.28 up $0.11 from Monday's average closing price of $57.17. The median closing price of Tuesday's Dow Jones Industrial Average was $49.31 (DD/HD)up $0.18 from Monday's median closing price of $49.13. The lowest volume was Travelers TRV $58.4 -0.20 0.34% 1,909,943 NYSE and the highest volume again was Bank of America BAC $8.12 +0.08 1% 187,893,330 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $312 ($171,836 - $171,524).
MarketWatch Tuesday 2/28/12 4:13 pm by Laura Mandaro says U.S. stocks gained Tuesday after an index showed consumer confidence at a 12-month high and oil prices slid, helping boost the Dow Jones Industrial Average DJI +0.18% to its first close above 13,000 since May 2008. The Dow average rose 23.61 points, or 0.2%, to 13,005.12. The S&P 500 SPX +0.34% gained 4.59 points, or 0.3%, to 1,372.18, its fourth straight session of gains. The Nasdaq Composite COMP +0.70% added 20.60 points, or 0.7%, to 2,986.76, also its fourth day of gains.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.53 +0.17 0.56% 19,899,241 NYSE: No mentions found.
Alcoa AA
$10.37 +0.05 0.48% 18,029,658 NYSE: No mentions found.
American Express AXP
$53.76 -0.42 0.78% 6,867,691 NYSE: No mentions found.
Bank of America BAC
$8.12 +0.08 1% 187,893,330 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Boeing BA
$75.16 -0.05 0.07% 3,350,262 NYSE: No mentions found.
Caterpillar CAT
$115.76 +0.13 0.11% 3,744,138 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Chevron CVX
$109.61 -0.02 0.02% 8,902,225 NYSE: WSJ pB7 "Chevron Brazil rejects injunction in case over oil spill" by Jeff Fick says a fed judge in Brazil denied an injunction to suspend the local operations of Chevron saying it would have punished the firm before it could go to court.
Cisco CSCO
$20.2 +0.03 0.15% 32,565,421 NASDAQ-GS: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Coke KO
$68.86 +0.03 0.04% 3,685,970 NYSE: No mentions found.
Disney DIS
$41.93 +0.29 0.7% 6,716,369 NYSE: No mentions found.
DuPont DD
$51.39 +0.19 0.37% 3,926,551 NYSE: No mentions found.
Exxon XOM
$87.14 -0.09 0.1% 13,932,180 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
GE
$19.16 +0.09 0.47% 31,810,931 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Hewlett-Packard HPQ
$26.18 -0.07 0.27% 22,103,119 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Home Depot HD
$47.23 +0.30 0.64% 7,840,897 NYSE: No mentions found.
Intel INTC
$27.24 +0.35 1.3% 32,390,898 NASDAQ-GS: No mentions found.
IBM
$198.01 +0.48 0.24% 2,873,776 NYSE: AJCpA10 "IBM reprotedly lays off 1,100 in North America" says IBM laid off 1,100 workers across business segments in US and Canada. It had 433,362 employees as of 12/31.
JPMorgan JPM
$39.18 +0.12 0.31% 35,136,737 NYSE: WSJ pC14 "Overheard" says Jamie Dimon said JPM will have records profits in the next year or two.
WSJ pC3 "Banks may face charges from SEC" by Liz Moyer says Goldman Sach, JPMorgan and Wells Fargo have been told the SEC may sue them for shoddy disclosures of the risks of subprime mortgage bond tied to the fin'l crisis.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Johnson & Johnson JNJ
$65.18 +0.73 1.13% 11,329,887 NYSE: No mentions found.
Kraft KFT
$38 +0.09 0.24% 7,017,687 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE: WSJ pB7 "McDonald's pushes for more gains in China" by Laurie Brukitt says McDonald's is launching an ad campaign in China that taps rising worries over food safety * quality in an attempt to win market share from its rival Yum Brand's KFC.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Merck MRK
$38.38 +0.23 0.6% 9,169,596 NYSE: No mentions found.
Microsoft MSFT
$31.87 +0.52 1.66% 43,685,725 NASDAQ-GS: No mentions found.
Pfizer PFE
$21.22 -0.04 0.19% 26,963,847 NYSE: AJC pA10 "Pfizer recalling some pneumococcal vaccine" says it is recalling Prevnar 13 due to the active ingredient being past its expiration date.
Procter & Gamble PG
$67.39 +0.69 1.03% 13,303,829 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
MMM
$87.77 -0.30 0.34% 2,376,270 NYSE: No mentions found.
Travelers TRV
$58.4 -0.20 0.34% 1,909,943 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
United Technologies UTX
$83.47 -0.16 0.19% 2,541,339 NYSE: No mentions found.
Verizon VZ
$38.15 +0.02 0.05% 12,365,023 DualListed: No mentions found.
Walmart WMT
$58.93 +0.47 0.8% 10,400,685 NYSE: No mentions found.
******************************
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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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
Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes
American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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
Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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
Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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
Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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
Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
Cisco CSCO 2/8/12 8K re: 2Q results
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
Coke KO 2/7/12 8K re: 4Q & full year '11 results
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
Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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
DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director
ExxonMobil XOM: 1/31/12 8K re: 4Q results
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
GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11
Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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
Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11
IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt
JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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
Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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
Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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
McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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
Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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
Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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
Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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
Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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
2/29/12 Wed am Dow Goes Past 13,000; IBM Lays off 1,100 in N. America
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Post No. 1,498 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' recent SEC filings.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily,New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga. - carried Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 13,005.12 up 23.61 or 0.18% from Monday's close of 12,981.51. For the year the Dow is up 6.45%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Johnson & Johnson JNJ $65.18 +0.73 1.13% 11,329,887 NYSE and percentage-wise was Microsoft MSFT $31.87 +0.52 1.66% 43,685,725 NASDAQ-GS. The biggest decliner dollar-wise was McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE and percentage-wise was Exxon XOM $87.14 -0.09 0.1% 13,932,180 NYSE.
WSJ pC1 "Optimism drives Dow past milestone" by E. S. Browning says the Dow finished above 13000 for the first time since May '08 as last summer's fears of a US recession & a European debt collapse have gradually waned The Dow has stagted a 22% rebound since early Oct and its 6.4% gain for '12 marks the strongest start of a year since '98.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
USA Today p1B "Dow struggles back above 13000: now what?" by Adam Shell says the Dow now may be headed for 14000.
Inv. Bus,. Daily pA1 "Market rallies into close; trade rises" by Victor Reklaitis says stocks scored gains Tues after a seesaw session helped by an upbeat consumer confidence report & Apple's 2% advance.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.55 up from Tuesday's trailing P/E ratio of 14.53 (year ago it was 14.65); Wednesday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.67) and today's dividend yield is 2.50 unchanged from yesterday's dividend yield of 2.50 (last year it was 2.41). 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 1,718.36 up 3.12 from Monday's closing numerator of 1,715.24. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $57.28 up $0.11 from Monday's average closing price of $57.17. The median closing price of Tuesday's Dow Jones Industrial Average was $49.31 (DD/HD)up $0.18 from Monday's median closing price of $49.13. The lowest volume was Travelers TRV $58.4 -0.20 0.34% 1,909,943 NYSE and the highest volume again was Bank of America BAC $8.12 +0.08 1% 187,893,330 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $312 ($171,836 - $171,524).
MarketWatch Tuesday 2/28/12 4:13 pm by Laura Mandaro says U.S. stocks gained Tuesday after an index showed consumer confidence at a 12-month high and oil prices slid, helping boost the Dow Jones Industrial Average DJI +0.18% to its first close above 13,000 since May 2008. The Dow average rose 23.61 points, or 0.2%, to 13,005.12. The S&P 500 SPX +0.34% gained 4.59 points, or 0.3%, to 1,372.18, its fourth straight session of gains. The Nasdaq Composite COMP +0.70% added 20.60 points, or 0.7%, to 2,986.76, also its fourth day of gains.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.53 +0.17 0.56% 19,899,241 NYSE: No mentions found.
Alcoa AA
$10.37 +0.05 0.48% 18,029,658 NYSE: No mentions found.
American Express AXP
$53.76 -0.42 0.78% 6,867,691 NYSE: No mentions found.
Bank of America BAC
$8.12 +0.08 1% 187,893,330 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Boeing BA
$75.16 -0.05 0.07% 3,350,262 NYSE: No mentions found.
Caterpillar CAT
$115.76 +0.13 0.11% 3,744,138 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Chevron CVX
$109.61 -0.02 0.02% 8,902,225 NYSE: WSJ pB7 "Chevron Brazil rejects injunction in case over oil spill" by Jeff Fick says a fed judge in Brazil denied an injunction to suspend the local operations of Chevron saying it would have punished the firm before it could go to court.
Cisco CSCO
$20.2 +0.03 0.15% 32,565,421 NASDAQ-GS: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Coke KO
$68.86 +0.03 0.04% 3,685,970 NYSE: No mentions found.
Disney DIS
$41.93 +0.29 0.7% 6,716,369 NYSE: No mentions found.
DuPont DD
$51.39 +0.19 0.37% 3,926,551 NYSE: No mentions found.
Exxon XOM
$87.14 -0.09 0.1% 13,932,180 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
GE
$19.16 +0.09 0.47% 31,810,931 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Hewlett-Packard HPQ
$26.18 -0.07 0.27% 22,103,119 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Home Depot HD
$47.23 +0.30 0.64% 7,840,897 NYSE: No mentions found.
Intel INTC
$27.24 +0.35 1.3% 32,390,898 NASDAQ-GS: No mentions found.
IBM
$198.01 +0.48 0.24% 2,873,776 NYSE: AJCpA10 "IBM reprotedly lays off 1,100 in North America" says IBM laid off 1,100 workers across business segments in US and Canada. It had 433,362 employees as of 12/31.
JPMorgan JPM
$39.18 +0.12 0.31% 35,136,737 NYSE: WSJ pC14 "Overheard" says Jamie Dimon said JPM will have records profits in the next year or two.
WSJ pC3 "Banks may face charges from SEC" by Liz Moyer says Goldman Sach, JPMorgan and Wells Fargo have been told the SEC may sue them for shoddy disclosures of the risks of subprime mortgage bond tied to the fin'l crisis.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Johnson & Johnson JNJ
$65.18 +0.73 1.13% 11,329,887 NYSE: No mentions found.
Kraft KFT
$38 +0.09 0.24% 7,017,687 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE: WSJ pB7 "McDonald's pushes for more gains in China" by Laurie Brukitt says McDonald's is launching an ad campaign in China that taps rising worries over food safety * quality in an attempt to win market share from its rival Yum Brand's KFC.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Merck MRK
$38.38 +0.23 0.6% 9,169,596 NYSE: No mentions found.
Microsoft MSFT
$31.87 +0.52 1.66% 43,685,725 NASDAQ-GS: No mentions found.
Pfizer PFE
$21.22 -0.04 0.19% 26,963,847 NYSE: AJC pA10 "Pfizer recalling some pneumococcal vaccine" says it is recalling Prevnar 13 due to the active ingredient being past its expiration date.
Procter & Gamble PG
$67.39 +0.69 1.03% 13,303,829 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
MMM
$87.77 -0.30 0.34% 2,376,270 NYSE: No mentions found.
Travelers TRV
$58.4 -0.20 0.34% 1,909,943 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
United Technologies UTX
$83.47 -0.16 0.19% 2,541,339 NYSE: No mentions found.
Verizon VZ
$38.15 +0.02 0.05% 12,365,023 DualListed: No mentions found.
Walmart WMT
$58.93 +0.47 0.8% 10,400,685 NYSE: No mentions found.
******************************
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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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
Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes
American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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
Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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
Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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
Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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
Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
Cisco CSCO 2/8/12 8K re: 2Q results
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
Coke KO 2/7/12 8K re: 4Q & full year '11 results
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
Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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
DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director
ExxonMobil XOM: 1/31/12 8K re: 4Q results
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
GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11
Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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
Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11
IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt
JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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
Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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
Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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
McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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
Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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
Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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
Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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
Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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
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. 1,498 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' recent SEC filings.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily,New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga. - carried Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 13,005.12 up 23.61 or 0.18% from Monday's close of 12,981.51. For the year the Dow is up 6.45%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Johnson & Johnson JNJ $65.18 +0.73 1.13% 11,329,887 NYSE and percentage-wise was Microsoft MSFT $31.87 +0.52 1.66% 43,685,725 NASDAQ-GS. The biggest decliner dollar-wise was McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE and percentage-wise was Exxon XOM $87.14 -0.09 0.1% 13,932,180 NYSE.
WSJ pC1 "Optimism drives Dow past milestone" by E. S. Browning says the Dow finished above 13000 for the first time since May '08 as last summer's fears of a US recession & a European debt collapse have gradually waned The Dow has stagted a 22% rebound since early Oct and its 6.4% gain for '12 marks the strongest start of a year since '98.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
USA Today p1B "Dow struggles back above 13000: now what?" by Adam Shell says the Dow now may be headed for 14000.
Inv. Bus,. Daily pA1 "Market rallies into close; trade rises" by Victor Reklaitis says stocks scored gains Tues after a seesaw session helped by an upbeat consumer confidence report & Apple's 2% advance.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.55 up from Tuesday's trailing P/E ratio of 14.53 (year ago it was 14.65); Wednesday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.67) and today's dividend yield is 2.50 unchanged from yesterday's dividend yield of 2.50 (last year it was 2.41). 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 1,718.36 up 3.12 from Monday's closing numerator of 1,715.24. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $57.28 up $0.11 from Monday's average closing price of $57.17. The median closing price of Tuesday's Dow Jones Industrial Average was $49.31 (DD/HD)up $0.18 from Monday's median closing price of $49.13. The lowest volume was Travelers TRV $58.4 -0.20 0.34% 1,909,943 NYSE and the highest volume again was Bank of America BAC $8.12 +0.08 1% 187,893,330 NYSE.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $312 ($171,836 - $171,524).
MarketWatch Tuesday 2/28/12 4:13 pm by Laura Mandaro says U.S. stocks gained Tuesday after an index showed consumer confidence at a 12-month high and oil prices slid, helping boost the Dow Jones Industrial Average DJI +0.18% to its first close above 13,000 since May 2008. The Dow average rose 23.61 points, or 0.2%, to 13,005.12. The S&P 500 SPX +0.34% gained 4.59 points, or 0.3%, to 1,372.18, its fourth straight session of gains. The Nasdaq Composite COMP +0.70% added 20.60 points, or 0.7%, to 2,986.76, also its fourth day of gains.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.53 +0.17 0.56% 19,899,241 NYSE: No mentions found.
Alcoa AA
$10.37 +0.05 0.48% 18,029,658 NYSE: No mentions found.
American Express AXP
$53.76 -0.42 0.78% 6,867,691 NYSE: No mentions found.
Bank of America BAC
$8.12 +0.08 1% 187,893,330 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Boeing BA
$75.16 -0.05 0.07% 3,350,262 NYSE: No mentions found.
Caterpillar CAT
$115.76 +0.13 0.11% 3,744,138 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Chevron CVX
$109.61 -0.02 0.02% 8,902,225 NYSE: WSJ pB7 "Chevron Brazil rejects injunction in case over oil spill" by Jeff Fick says a fed judge in Brazil denied an injunction to suspend the local operations of Chevron saying it would have punished the firm before it could go to court.
Cisco CSCO
$20.2 +0.03 0.15% 32,565,421 NASDAQ-GS: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Coke KO
$68.86 +0.03 0.04% 3,685,970 NYSE: No mentions found.
Disney DIS
$41.93 +0.29 0.7% 6,716,369 NYSE: No mentions found.
DuPont DD
$51.39 +0.19 0.37% 3,926,551 NYSE: No mentions found.
Exxon XOM
$87.14 -0.09 0.1% 13,932,180 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
GE
$19.16 +0.09 0.47% 31,810,931 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Hewlett-Packard HPQ
$26.18 -0.07 0.27% 22,103,119 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
Home Depot HD
$47.23 +0.30 0.64% 7,840,897 NYSE: No mentions found.
Intel INTC
$27.24 +0.35 1.3% 32,390,898 NASDAQ-GS: No mentions found.
IBM
$198.01 +0.48 0.24% 2,873,776 NYSE: AJCpA10 "IBM reprotedly lays off 1,100 in North America" says IBM laid off 1,100 workers across business segments in US and Canada. It had 433,362 employees as of 12/31.
JPMorgan JPM
$39.18 +0.12 0.31% 35,136,737 NYSE: WSJ pC14 "Overheard" says Jamie Dimon said JPM will have records profits in the next year or two.
WSJ pC3 "Banks may face charges from SEC" by Liz Moyer says Goldman Sach, JPMorgan and Wells Fargo have been told the SEC may sue them for shoddy disclosures of the risks of subprime mortgage bond tied to the fin'l crisis.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Fin Times p26 "Record Apple price helps boost nasdaq as it hits 11 year highs" by Ajay Makan says the Nasdaq hit new 11 year highs as Apple reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida will drive up prices of computer memory. Bank stocks were firm with Bank of America up 1% with JPMorgan analysts upbeat on the bank's progress towards resolving its large mortgage issues.
Johnson & Johnson JNJ
$65.18 +0.73 1.13% 11,329,887 NYSE: No mentions found.
Kraft KFT
$38 +0.09 0.24% 7,017,687 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
McDonald's MCD
$99.78 -0.58 0.58% 4,129,222 NYSE: WSJ pB7 "McDonald's pushes for more gains in China" by Laurie Brukitt says McDonald's is launching an ad campaign in China that taps rising worries over food safety * quality in an attempt to win market share from its rival Yum Brand's KFC.
NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
Merck MRK
$38.38 +0.23 0.6% 9,169,596 NYSE: No mentions found.
Microsoft MSFT
$31.87 +0.52 1.66% 43,685,725 NASDAQ-GS: No mentions found.
Pfizer PFE
$21.22 -0.04 0.19% 26,963,847 NYSE: AJC pA10 "Pfizer recalling some pneumococcal vaccine" says it is recalling Prevnar 13 due to the active ingredient being past its expiration date.
Procter & Gamble PG
$67.39 +0.69 1.03% 13,303,829 NYSE: WSJ pB8 "Are execs overboarded?" by Joann Lublin says CEOs may be on too many boards and gives as examples directors at GE, Procter & Gamble and Hewlett-Packard.
MMM
$87.77 -0.30 0.34% 2,376,270 NYSE: No mentions found.
Travelers TRV
$58.4 -0.20 0.34% 1,909,943 NYSE: NYT pB4 "Dow in first 13000 close since '08" by Christine Hauser says Feb has been a good month for the Dow. Tues was affected by a handful of economic reports that were generally mixed. Bank fo America was the worst Dow performed dropping more than 70% since May '08. JPMorgan is down 15% since May '08. Thd Dow shed 3 firms hobbled in the fin'l crisis - the American International Group, Citigroup & GM, and replaced them with Kraft, Cisco and Travelers. The Dow is up more than 22% since its 52 week low of 10,655.30 on Oct. 30. All 30 Dow firms have risen since then, but a third were responsible for most of the gains and the top contributor was Caterpillar which was 343 points of the rise since Oct. IBM and Exxon helped by oil prices increase, and McDonald's each accounted for more than 100 points.
United Technologies UTX
$83.47 -0.16 0.19% 2,541,339 NYSE: No mentions found.
Verizon VZ
$38.15 +0.02 0.05% 12,365,023 DualListed: No mentions found.
Walmart WMT
$58.93 +0.47 0.8% 10,400,685 NYSE: No mentions found.
******************************
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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky (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 Inge Thulin replaces George W. Buckley on 2/24(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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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
Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes
American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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
Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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
Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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
Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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
Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
Cisco CSCO 2/8/12 8K re: 2Q results
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
Coke KO 2/7/12 8K re: 4Q & full year '11 results
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
Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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
DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director
ExxonMobil XOM: 1/31/12 8K re: 4Q results
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
GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11
Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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
Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11
IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt
JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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
Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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
Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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
McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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
Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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
Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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
Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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
Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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
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