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Post No. 1,634 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a ranking of the Dow 30 components by market capitalization as of May 16 and recent Dow 30 components' SEC filings as of May 16.


A read of the print editions of Monday's Barron's and Investor's Business Daily, Sunday's & Saturday's combined Wall St. Journal and Financial Times, Sunday's and Saturday's  New York Times   & Atlanta Journal Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Friday's stock prices and related data in alphabetical order.

Dow Jones Industrial Average The Dow Jones Industrial Average closed Friday at 12,369.38 down 73.11 or 0.59% from Thursday's close of 12,442.49.  For the week the Dow  was down  461.22 or 3.71% from last Friday's close of 12,830.6.  For the year the Dow is up 1.2%  Of the 30 Dow components 10 gained and 20 declined. The biggest gainer dollar-wise  was Caterpillar and percentage-wise was Walmart. The biggest decliner dollar-wise was IBM and percentage-wise was Hewlett-Packard.

Sat. WSJ pB  "Dow swoons for a Sixth day"  by Jonathan Cheng says a day billed as Facebook's coming out party ended up marking a much gloomier event:  the market's worst seek in 6 months.

Sat. NYT pB1 "Markets end week with a losing streak intact" by Nathaniel Popper says investors drove US   stock indexes to their worst weekly performance of the year after excitement about Facebook's stock offering failed to chase away the pessimism that has gripped investors. 


As of the close of the market on Friday the current divisor for the Dow Jones Industrial Average found at page B5 of  Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E ratio is 13.68 down from   Friday's trailing P/E ratio of 13.68 (year ago it was 14.36); Saturday's P/E estimate is 11.75 down from Friday's P/E estimate of 12.11 (year ago it was 12.74) and Saturday's dividend yield is 2.75 down yesterday's dividend yield of 2.79 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,634.36 down 9.66 from Thursday's closing numerator of 1,644.02. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $54.48 down $0.32 from Thursday's average closing price of $54.80. The median closing price of Frisday's Dow Jones Industrial Average was $4751 (DD/HD) down $0.42 from Thursday's median closing price of $47.93. The lowest volume was 3M  and the highest volume again was Bank of America.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $966 ($164,402-  $163,436).

MarketWatch  Friday 4:16 by Kate Gibson says U.S. stocks declined Friday, with the Dow and S&P falling for a third week, on concern about Europe's debt troubles and prospects for global growth. "The problems in Europe are not getting any better. We still have more downside to go here," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab. The Dow Jones Industrial Average DJIA -0.59% fell 73.11 points, or 0.6%, to 12,369.38. The S&P 500 Index SPX -0.74% fell 9.64 points, or 0.7%, to 1,295.22. The Nasdaq Composite COMP -1.24% shed 34.9 points, or 1.2%, to 2,778.79.

Sunday's & Saturday's Dow news followed by Friday's Dow Closing Numbers:

AT&T:  No mentions found.

Alcoa:  No mentions found.

American Express:  No mentions found.

Bank of America:  No mentions found.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  Barron's p29 "Waiting for the turn" by Amy Feldman is an interview with Brian Barish of Cambiar Opportunity Fund.  He likes Royal Dutch Shell and Chevron.  Royal Dutch Shell is the Exxon of Europe, but it's a good deal cheaper, trading at 7 times current year estimates while Exxon is at 10 times.

Cisco:  No mentions found.

Coke:  No mentions found.

Disney:  No mentions found.

DuPont:

Exxon:   Barron's p29 "Waiting for the turn" by Amy Feldman is an interview with Brian Barish of Cambiar Opportunity Fund.  He likes Royal Dutch Shell and Chevron.  Royal Dutch Shell is the Exxon of Europe, but it's a good deal cheaper, trading at 7 times current year estimates while Exxon is at 10 times.

GE:  No mentions found.

Hewlett-Packard:  Barron's p16 Week review" says JPMorgan is being looked at by the Justice Dept.  Hewlett-Packard siad to plan to cut its workforce by up to 8%.

Home Depot:  Inv. Bus. Daily pB2 "Big Box stores' results mixed" says Walmart and Target are benefiting as consumers flock to discounters  Walmart's EPS rose 12%.  Home Depot sales fell short and profit just met views.


Intel:  No mentions found.

IBM:  No mentions found.

JPMorgan:  WSJ pA1 "JPMorgan struggles to unwind huge bets" by Gregory Zuckerman says the trading loss could reach $5 bil.

Sat NYT pB1 "MF Global's trustee wins collateral from JPMorgan, WSJ pB2 "Trustee collects $168 mil" by Aaron Lucchetti say JPMOrgan agreed to give $168 mil to the trustee of the bankruptcy of MF Global.

Inv. Bus. Daily pB2 "JPMorgan to face more heat" says the FBI is probing the $2 bil trading loss.

Barron's p8 "More fizzle than sizzle" by Alan Abelson says this week Jamie Dimon will testify to the Senate Banking Committee.

Barron's p16 Week review" says JPMorgan is being looked at by the Justice Dept.  Hewlett-Packard siad to plan to cut its workforce by up to 8%.

Barron's p17 "Week preview" says on Tues the Senate Banking Committee starts hearing on derivatives reform.   On Wed an FDA panel considers supplemental uses for a cardiac drug from Johnson & Johnson unit Janssen Pharma.

Barron's pM13 "Research reports" says Standpoint Research did a report on JPMorgan as a buy when the price was $36.11 on 5/14.  The stock is now trading where it was in '96 when earnings were one third of where they are now.

Barron's pP32 "An upbeat view from JPMorgan's private bank" by Kopin Tan profiles JPMorgan's John Duffy who is telling clients to normalize protfolio risk.

Johnson & Johnson:  No mentions found.

Kraft:  No mentions found.

McDonald's:  No mentions found.

Merck:  No mentions found.

Microsoft:     No mentions found.

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

Verizon:  No mentions found.

Walmart: Inv. Bus. Daily pB2 "Big Box stores' results mixed" says Walmart and Target are benefiting as consumers flock to discounters  Walmart's EPS rose 12%.  Home Depot sales fell short and profit just met views.


Friday's Dow Closing Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
KFTNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
VZDualListed
WMTNYSE

***********************
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 Alex Gorsky (New Brunswick, NJ)

Kraft KFT Irene Rosenfeld (Northfield, Ill.)

McDonald's MCD Jim Skinner to be replaced July 1 by Don Thompson (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 (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 as of 5/16/12 ranked in order of market capitalization rounded to the nearest 1/2 billion followed by number of shares outstanding rounded to the nearest 1/2 billion:


1. Exxon Mobil XOM $382.5 [4.5]

2. Microsoft MSFT 253.5 [8.5]

3. IBM 229.5 [1]

4. WalMart WMT 202 [3.5]

5. Chevron CVX 200 [2]

6. AT&T T 195.5 [6]

7. GE 195 [10.5] 

8.Procter & Gamble PG 174.5 [3]


9. Johnson & Johnson JNJ 174.5 [3]

10. Coke KO 173 [2] 

11. Pfizer PFE 167 [7.5]

12.  JPMorgan Chase JPM 138 [4]

13. Intel INTC 134 [5]

14. Verizon VZ 116.5 [3] 

15. Merck MRK 115 [3] 

16. McDonald's MCD 92.5 [1]

17. Cisco CSCO 89 [5.5]

18. Disney DIS 80.5 [2] 

19. Bank of America BAC 78.5 [10.5]

20. Home Depot HD 74 [1.5]

21. United Technologies UTX 69.5 [1]

22. Kraft KFT 69 [2] 

23. American Express AXP 67 [1]

24. Caterpillar CAT 60.5 [.5]

25. 3M MMM 59.5 [.5]

26. Boeing BA 54.5 [1]

27. DuPont DD 47 [1]

28. Hewlett-Packard HPQ 44 [2]

29. Travelers TRV 25 [.5]

30. Alcoa AA 9 [1]


Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 5/16/12:



Symbol & Co. Name/Date of Filing/Form Filed/ Comments



AT&T T: 5/4/12 10Q for Qtr ended 3/31

5/2/12 8K re: Results of Annual Stockholders Meeting

4/24/12 2 8Ks re: 1 Qtr results

3/12/12 Proxy Materials re: Annual Meeting of Stockholders to be held on 4/27/12 at 9 a.m. at Grand American Hotel, Salt lake City, Utah

Alcoa AA:  5/10/12 8K re: Results of Annual Shareholders Meeting

5/8/12 8K re: Sustainability Highlights Report

4/16/12 8K re: 1Q Earnings call transcript

4/11/12 8K re: 1Q results

3/12/12 & 3/1/12 Proxy re: Annual Meeting of Shareholders 5/4/12 9:30 am, Fairmont Hotel, Pittsburgh, PA


American Express AXP:  5/15/12 8K re: delinquency & write-off stats thru 4/30

5/3/12 8K re: Annual Meeting of Shareholders results

5/1/12 10Q for Qtr ended 3/31

4/18/12 8K re: 1 Qtr results

4/16/12 8K re: delinq. & write-off stats thru 3/31

3/26/12 8K re: dividend of 20 cents a share payable 5/10 to holders at 4/5 & stock buyback plan of up to 150 mil shares

3/20 & 3/2/12 Proxy re: Annual Meeting of Shareholders 4/30/12 9 am American Express HQ, NYC

3/15/12 8K re: delinq. & write-off stats thru 2/29

3/13/12 8K re: Comprehensive Capital Plan




Bank of Am BAC:  5/9/12 8K re:  results of Annual Shareholders meeting

5/4/12 8K re: change of presentation of fin'l info

5/3/12 10Q for Qtr ended 3/31

4/23/12 Proxy material for 5/9 Annual Meeting

4/19/12 8K 1Q results

4/11/12 8K re: reclassification of business segments

3/16/12 8K re: sale of preferred stock




Boeing BA:  5/3/12 8K re: amendment to bylaws reducing number of directors from 12 to 11

4/25/12 10Q for quarter ended 3/31

4/25/12 8K re: 1 Qtr results

3/16/12 Proxy materials re: Annual Meeting of Shareholders 4/30/12 10 am Field Museum, Chicago




Caterpillar CAT:  5/7/12 10Q for 1 Qtr ended 3/31

4/25 8K re: 3/12 dealer stats

4/25/12 8K re: 1 Qtr results

4/23/12 Proxy re: 6/13/12 Annual Stockholders Meeting at San Antonio, Tx

4/12/12 8K re: election of fromer Utah Gov. and Ambassador Jon Huntsman to Board of Dirs.

4/11/12 Proxy materials re: Annual Meeting of Stockholders on 6/13/12 at 8 am, Marriott Riverwalk, San Antonio, Texas

3/20/12 8K re: dealer stats thru 2/12




Chevron CVX:  5/3/12 10Q for quarter ended 3/31

5/3/12 Proxy material re: voting recommendations

4/27/12 8K re: 1 Qtr results

4/12/12 & 3/29/12 Proxy material re: Annual Meeting og stockholders on 4/4/12 9:30 am HQ, San Ramon, CA

4/10/12 8K re: 1Q update

3/29/12 8K & Proxy materials re: amendment of bylaws re: litigation in Delaware courts, raise of CEO and other execs' salaries and election of Charles "Wick" Moorman to Board of Dirs.



Cisco CSCO :  5/9/12 8K re: 3 Qtr results

3/27/12 8K re: execs' pre-arranged stock trading plans

3/15/12 8K re: acquisition of NDS Group Ltd, a provider of video software for $5 bil




Coke KO:  5/15/12 Proxy re: special meeting of stockholders to approve stock split to be held at Atlanta on 7/10/12 to get invited email: shareownerservices@na.ko.com by 5/21

3/14/12 8K re: closing of sale of over $1 bil of notes

3/8/12 Proxy materials re Annual meeting of shareowners 4/15/12 9:30 am Cobb Galeria, Atlanta



Disney DIS:  5/8/12 10Q for quarter ended 3/31

5/8/12 8K re: 1 Qtr results

3/16/12 8K re: amendment to 2011 Stock Incentive Plan




DuPont DD: 5/1/12 8K re: Annual meeting of stockholders results

4/24/12 10Q re: quarter ended 3/31

4/19/12 8K re: 1 Qtr results

4/17/12 Proxy re: voting recommendations

4/3/12 & 3/16/12 Proxy material re: Annual meeting of stockholders 4/25/12 10:30 am HQ Wilmington, Del

3/15/12 8K re: retirement of William K. Reilly from Board of Dirs.




ExxonMobil XOM: 5/11/12 proxy re: voting recommendations

5/3/12 10Q ended 3/31

4/26/12 8K re: 1 Qtr results

4/12/12 Proxy materials re: Annual meeting of shareholders 5/30/12 9 am Meyerson Center, Dallas

3/28/12 8K re: Fin'l Operations review info on website

3/14/12 8K re: transcript of 3/8 analysts meeting




GE: 5/16/12 8K re: dividend of $475 mil & increase of stock buyback program

5/9/12 10Q/A & 5/4/12 10Q for Qtr ended 3/31

4/30/12 8K amending emmployee incentive plan

4/20/12 8K re: 1 Qtr results


4/9/12 & 3/9/12 Proxy material re: Annual meeting of shareholders on 4/25/12 10 am Detroit Marriott

4/6/12 8K re: downgrade of GE senior unsecured debt rating by Moodys from Aa2 to aa3 and other downgrade

3/16/12 8K re: GE Capital segment fin'l info as of 12/31/11




Hewlett-Packard HPQ: 3/23/12 8K re: exec changes and amendment to bylaws decreasing Board of Dirs from 14 to 11

3/12/12 10Q for Qtr ended 1/31/12

3/12/12 8K re: underwriting of $2 bil of Global Notes




Home Depot HD: 5/15/12 8K re: 1 Qtr results

4/2/12 Proxy material and 10K for year ended 1/29/12 and material re: Annual meeting of shareholders on 5/17 at 9 am at Cobb Galeria, Atlanta



Intel INTC:  5/11/12 8K re: Reg FD disclosure of webcast

5/7/12 8K re: 90 cents a share dividend

5/4/12 10Q for quarter ended 3/31

4/18/12 & 4/17/12 8Ks re: 1 Qtr results

4/4/12 Proxy material re: annual stockhodles meeting 5/17/12 8:30 am HQ, Santa Clara, CA

2/28/12 8K re: expansion of JV with Micron Tech for flash memory




IBM:  5/10/12 8K re: underwriting of notes

5/9/12 8K re: investor briefing materials

4/26/12 8K re: Annual stockholders meeting results

4/24/12 10Q re: Qtr ended 3/31

4/18/12 8K re: sale of IBM's Retail Store Solutions Business to Toshiba TEC

4/18/12 & 4/17/12 8Ks re: 1 Qtr results

3/22/12 & 3/12/12 Proxy material re: Annual meeting of stockholders on 4/24/12 10 am Charleston Convention Center, S.C.





JPMorganChase JPM:  5/15/12 8K re: retirement of Chief Inv. Office Ina Drew succeeded by Matthew E. Zames

5/10/12 10Q re: qtr ende 3/31

4/13/12 2 8Ks re: fin'l info on website & 1Q results

4/4/12 Proxy material re: annual meeting of shareholders 5/15/12 at JPM campus in Tampa, Fl

4/4/12 8K re: annual report on website

3/29/12 8K re: Reg. statement re: Global Med. Term Notes'

3/27/12 8K re: changes to Board of Dirs: election of Tim Flynn and retirement of William Gray & David Novak

3/14/12 8K re: dividend of 30 cents payable 4/30 to record holders as of 4/5 and $15 bil share buyback program

3/1/12 8K re: 2/28/12 Investor Day Presentation




Johnson & Johnson JNJ :  5/8/12 8K re: sale of DePuy Orthopaedics to Biomet

5/7/12 10Q re: qtr ended 4/1

4/27/12 8K re: results of annual  meeting of stockholders

4/20/12 add'l proxy material
4/19/12 8K re: amendment to bylaws splitting the offices of Chairman & CEO

4/17/12 8K re: 1 Qtr results

4/9/12 8K re: resignation of Vice Chair of Board, Sheri S. McCoy to join Avon as CEO

4/3/12 & 3/14/12 Proxy material re: Annual meeting of Shareholders on 4/26/12 10 am Grand Hyatt New Brunswick, NJ

3/28/12 8K re: new format for sales results





Kraft KFT:  5/14/12 proxy material re Annual meeting

5/4/12 10Q for qtr ended 3/31

5/3/12 8K re: 1 Qtr results

4/2/12 & 3/23/12 Proxy material re: Annual meeting of shareholders on 5/23/12 at North Shore Performing Arts Center in Skokie, Ill.

3/20/12 8K re: $2.1 bil of costs and expenses re: spin-off of N. Amer. grocery business

3/15/12 8K re: nominations of Terry Lundgren & Jorge Mesquita to Board of Dirs.

3/14/12 8K re: revolving credit agreement




McDonald's MCD:  5/8/12 8K re: April  sales

5/8/12 10Q for quarter ended 3/31

4/20/12 8K re: 1 Qtr results

4/16/12 8K re: election of Tim Fenton as COO

4/13/12 & 3/7/12 Proxy materials re: annual meeting of shareholders on 5/24/12 at HQ at Oak Brook, Ill.

3/26/12 8K re: retirement of James Skinner as CEO effective 6/30/12 and his replacement as CEO of Donald Thompson

3/8/12 8K re: Feb. '12 sales results

3/7/12 Prelim Proxy re: Annual Meeting of Shareholders 5/24/12 at McDonald's HQ Oak Brook, Ill.




Merck MRK:  4/27/12 10Q re Qr ended 3/31

4/27/12 8K re: 1 Qtr results

4/12/12 Proxy materials re: annual meeting of Shareholders on 5/22/12 8:30 am at Bridgewater Marriott in NJ

3/30/12 8K re: Retirement from Board of Dirs of Steven Goldstone & Harry Jacobson




Microsoft MSFT:  5/3/12 8K re: election of Steve Luczo to Board, he is CEO of Seagate Tech

4/19/12 10Q for  qtr ended 3/31

4/19/12 8K re 1 Qtr results



Pfizer PFE:  5/10/12 10Q for quarter ended 4/1

5/1/12 8K re: 1 qtr results

4/27/12 8K re: results of annual meeting of shareholders

4/23/12 8K re: ale of Nutrition business to Nestle for $11.85 bil

44/16/12 add't'l proxy material

3/15/12 Proxy materials re: Annual meeting of shareholders 4/26/12 8:30 am Westin Governor Morris, Morristown, NJ




Procter & Gamble PG:  5/4/12 8K e: resentation of info re: Snack Business as a discontinued operation

4/27/12 10Q for qtr ended 3/31

4/27/12 2 8Ks re: 3 qtr results

4/13/12 8K re: dividend of 0.562 cents payable 5/15/12 to record holders at 4/27




3M MMM:  5/10/12 & 5/412 8Ks re: adoption of exec pre-arranged stock trading plans

5/9/12 2 8Ks re: approval of amendments to employee stock purchase plan

5/3/12 10Q for quarter ended 3/31

4/24/12 8K re: 1 qtr results

4/17/12 8K re: duties of Lead Inependent Director


3/21/12 Proxy materials re: annual meeting of stockhodlers 5/8/12 10 am River Centre, St. Paul, Minn




Travelers TRV:  4/19/12 10Q for quarter ended 3/31

4/19/12 8K re: results of quarter ended 3/31

4/10/12 Proxy materials re: Annual meeting of shareholders on 5/23/12 11 am Hartford, Marriott


United Technologies UTX:  4/30/12 10Q for quarter ended 3/31

4/24/12 8K re: 1 qtr results

4/13/12 8K re: retriement of charles Lee from Board of Dirs.

3/22/12 & 2/24/12 Proxy materials re: 4/11/12 Annual Meeting of Shareholders Riviera Theatre Charleston, SC

3/15/12 8K re: structure for proposed Goodrich acquisition




Verizon Communications Inc. VZ:  5/9/12 8K re: results of annual shareholders meeting

4/26/12 10Q for quarter ended 3/31

4/19/12 8K re: 1 qtr results

4/2/12 & 3/19/12 Proxy material re: Annual meeting of shareholders on 5/3/12 at 10:30 at Von Braun Center, Huntsville, Al.




WalMart WMT:  4/16/12 proxy material re: Annual Meeting of Shareholders to be held 6/1 at 7 am at U. of Arkansas in Fayetteville, Ark.

3/27/12 10K for year ended 1/31/12  END

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