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Post No. 1,650 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.
The Dow Jones Industrial Average closed Wednesday at 12,419.86 down 10.83 or 1.28% from Tuesday's close of 12,580.69. Of the 30 Dow components only Intel gained and 29 declined. The onlygainer dollar-wise and percentage-wise was intel . The biggest decliner dollar-wise was Chevron and percentage-wise was was Alcoa.
As of the open of the market on 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 13.86 up from Tuesday's trailing P/E ratio of 13.72 (year ago it was 14.15); today's P/E estimate is 11.75 unchanged from Tuesday's P/E estimate of 11.75 (year ago it was 12.54) and today's dividend yield is 2.68 down from yesterday's dividend yield of 2.70 (last year it was 2.40). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
MarketWatch Wednesday 5:06 by Kate Gibson says U.S. stocks retreated Wednesday, wiping out the prior session’s rally, as bond yields in Spain and Italy surged and polls out of Greece added to the uncertainty over whether it would remain in the euro zone. ECB opposes Spain's banks planEuropean Central Bank officials signal they would oppose any attempt to fund the $23.8 billion recapitalization of Spain's Bankia via the central bank's facilities. “If Greece ends up leaving the European Union and the debt crisis remains reasonably well contained, then world growth will continue at a modest pace. But if that contagion becomes chaotic, then all bets are off,” said Mark Martiak, senior wealth strategist at Premier/First Allied Securities. The Dow Jones Industrial Average /quotes/zigman/627449 DJIA -1.28% dropped 160.83 points, or 1.3%, to 12,419.86, with all but one of its 30 components in the red. On Tuesday, it had gained nearly 126 points in a broad surge fueled by hopes for Greece and more global stimulus. The S&P 500 Index /quotes/zigman/3870025 SPX -1.43% on Wednesday shed 19.10 points, or 1.4%, to end at 1,313.32, with energy and financial firms hardest hit among its 10 sectors. All sectors ended lower. The Nasdaq Composite Index /quotes/zigman/123127 COMP -1.17% declined 33.63 points, or 1.2%, to 2,837.36. For the month that ends Thursday, the benchmark indexes are down at least 6%.
For every stock rising, roughly six fell on the New York Stock Exchange, where 768 million shares traded. NYSE composite volume was 3.5 billion, while volume of Nasdaq-listed shares was 1.7 billion.
Gold gained, with the futures contract for August delivery /quotes/zigman/676896 GCQ2 -0.11% rising $14.70 to end at $1,565.70 an ounce. Oil /quotes/zigman/2203147 CLN2 -0.22% tumbled $2.94 to finish at $87.82 a barrel. The bourse in Madrid. Spain’s 10-year bond yields /quotes/zigman/4869131/delayed ES:10YR_ESP +0.13% hit a six-month high and closed 22 basis points higher, at 6.7%, as Spanish authorities discussed how they would pay for the $23.6 billion bailout of lender Bankia S.A. /quotes/zigman/5907705 ES:BKIA -8.60% , and new data showed private deposits fled Spanish banks in April. Italy’s borrowing costs rose as the government sold debt but fell short of its target. Read more on Italian bonds. As stocks in Europe tumbled, the European Commission called for direct aid for troubled euro-zone banks. The latest poll from Greece had the leftist Syriza party taking the lead against the pro-bailout conservatives ahead of a parliamentary election June 17 that could determine if the nation remains in the euro zone. Bloomberg News reported that a survey found most Greek voters want to revise the terms of the nation’s financial rescue. “There’s a Greek myth about a guy named Sisyphus who was compelled to roll a rock up a hill, only to see it roll back down over and over again, and it seems like that’s what we have here,” said Robert Pavlik, chief market strategist at Banyan Partners in New York, of the European debt crisis. “Even if Greece stays in the euro and Spain can somehow recapitalize its banks, they are still in an austerity-plagued environment with low or negative growth, and that’s going to impact the rest of the world,” he added. In the United States, the 10-year Treasury yield /quotes/zigman/4868283/delayed 10_YEAR -0.55% fell to a record low of 1.62%. The National Association of Realtors reported its index of pending home sales in April unexpectedly declined, offsetting recent data that inspired hopes that housing had hit a bottom.
The Dow Jones Industrial Average closed Wednesday at 12,419.86 down 10.83 or 1.28% from Tuesday's close of 12,580.69. Of the 30 Dow components only Intel gained and 29 declined. The onlygainer dollar-wise and percentage-wise was intel . The biggest decliner dollar-wise was Chevron and percentage-wise was was Alcoa.
As of the open of the market on 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 13.86 up from Tuesday's trailing P/E ratio of 13.72 (year ago it was 14.15); today's P/E estimate is 11.75 unchanged from Tuesday's P/E estimate of 11.75 (year ago it was 12.54) and today's dividend yield is 2.68 down from yesterday's dividend yield of 2.70 (last year it was 2.40). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,641.03 down 21.25 from Tuesday's closing numerator of 1,662.28. 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 $54.70 0.71 from Tuesday's average closing price of $55.41. The median closing price of Wednesday's Dow Jones Industrial Average was $49.43 (HD/DD) down 0.04 from Tuesday's median closing price of $49.47. The lowest volume was 3M and the highest volume again was Bank of America.
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 $2,125 ($166,228 - $164,103).
For every stock rising, roughly six fell on the New York Stock Exchange, where 768 million shares traded. NYSE composite volume was 3.5 billion, while volume of Nasdaq-listed shares was 1.7 billion.
Gold gained, with the futures contract for August delivery /quotes/zigman/676896 GCQ2 -0.11% rising $14.70 to end at $1,565.70 an ounce. Oil /quotes/zigman/2203147 CLN2 -0.22% tumbled $2.94 to finish at $87.82 a barrel. The bourse in Madrid. Spain’s 10-year bond yields /quotes/zigman/4869131/delayed ES:10YR_ESP +0.13% hit a six-month high and closed 22 basis points higher, at 6.7%, as Spanish authorities discussed how they would pay for the $23.6 billion bailout of lender Bankia S.A. /quotes/zigman/5907705 ES:BKIA -8.60% , and new data showed private deposits fled Spanish banks in April. Italy’s borrowing costs rose as the government sold debt but fell short of its target. Read more on Italian bonds. As stocks in Europe tumbled, the European Commission called for direct aid for troubled euro-zone banks. The latest poll from Greece had the leftist Syriza party taking the lead against the pro-bailout conservatives ahead of a parliamentary election June 17 that could determine if the nation remains in the euro zone. Bloomberg News reported that a survey found most Greek voters want to revise the terms of the nation’s financial rescue. “There’s a Greek myth about a guy named Sisyphus who was compelled to roll a rock up a hill, only to see it roll back down over and over again, and it seems like that’s what we have here,” said Robert Pavlik, chief market strategist at Banyan Partners in New York, of the European debt crisis. “Even if Greece stays in the euro and Spain can somehow recapitalize its banks, they are still in an austerity-plagued environment with low or negative growth, and that’s going to impact the rest of the world,” he added. In the United States, the 10-year Treasury yield /quotes/zigman/4868283/delayed 10_YEAR -0.55% fell to a record low of 1.62%. The National Association of Realtors reported its index of pending home sales in April unexpectedly declined, offsetting recent data that inspired hopes that housing had hit a bottom.
Wednesday's Dow Closing Numbers:
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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 & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Tuesday's stock prices and related data in alphabetical order.
Dow Jones Average The Dow Jones Industrial Average closed Tuesday at 12,580.69 up 125.86 or 1.01% from Friday's close of 12,454.83. For the year the Dow is up 2.97%. Of the 30 Dow components 28 gained and 2 declined. The biggest gainer dollar-wise was Caterpillar and percentage-wise was Bank of America . The biggest decliners dollar-wise were the two decliners, Exxon and McDonald's, both of which were down 0.15 cents and percentage-wise was was Exxon.
WSJ pC4 "Stocks move up: Facebook, down" by Chris Dieterich says stocks marched higher amid optimism about Greece's prospects to remain in the euro zone offsetting a disappointing reading on US consumer confidence. Bank of America was up 29 cents and was the Dow's biggest gainer.
NYT pB1 "Overall market turns up while Facebook slides" by Christine Hauser says even as stocks moved solidly higher on Tues, shares of Facebook went against the tide, continuing to fall sharply below the initial offering price in what could be a sign that the bottom is yet to come. All three major indexes had gains of more than 1%. Last week the indexes posted their first weekly gain since April.
Inv. Bus. Daily pB4 "Stocks notch alrge gains as rally attempt continues" by Vincent Mao says stocks started a short week with big bains Tues thanks to a late session rally. Tuesday's action was stocks climb in higher trade. The current outlook is the market is in a correction.
USA Today p4B "Housing market stabilization helps stock market rally" by Bloomberg says stocks rose Tues after the first weekly gain since April in the S&P amid data showing stabilization in the housing market and after Greek opinion polls eased concern the country will leave the euro.
MarketWatch Tuesday 5:32 by Lauran Mandaro and Polya Lesova says U.S. stocks rallied 1% Tuesday, getting a lift from Greek polls signaling a commitment to the euro currency and on hopes of more global stimulus. Oil and gold ended lower after the euro dropped below $1.25 on concerns over Spain’s solvency. The Dow Jones Industrial Average DJIA +1.01% gained 125.86 points, or 1.01%, to 12,580.69 after rising 156.78 points. Of 30 components, 28 traded higher, led by Bank of America Corp. BAC +4.06% , up 4.1%.Caterpillar Inc. CAT +2.87% contributed the most to the Dow’s point gains after China’s government appeared to move ahead with stimulus policies, which stoked a steep rally in Asia stocks, the materials sector, and early gains in gold and oil. In Greece, polls showed that the conservative New Democracy party was ahead of the antibailout, left-wing Syriza. The debt-laden nation will hold an election June 17, as concerns grow over whether Greece will stay committed to austerity measures and remain in the euro zone.The polls “bring back to front and center that Greek people don’t want to leave the euro,” said Michael Gibbs, co-head of the equity-advisory group at Raymond James in Memphis. “The market is taking that as a positive.”The New Tigers of the world have the potential to steal the spotlight from their regional peers, defy the slowdown and reshape the global economy. Turkey and Poland dazzled observers with their economic performance following the global credit crunch, but remain vulnerable to euro-zone crisis.
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
| T |  | NYSE | |||
| AA | | NYSE | |||
| AXP | | NYSE | |||
| BAC | | NYSE | |||
| BA | | NYSE | |||
| CAT | | NYSE | |||
| CVX | | NYSE | |||
| CSCO | | NASDAQ-GS | |||
| KO | | NYSE | |||
| DIS | | NYSE | |||
| DD | | NYSE | |||
| XOM | | NYSE | |||
| GE | | NYSE | |||
| HPQ | | NYSE | |||
| HD | | NYSE | |||
| INTC |  | NASDAQ-GS | |||
| IBM | | NYSE | |||
| JPM | | NYSE | |||
| JNJ | | NYSE | |||
| KFT | | NYSE | |||
| MCD | | NYSE | |||
| MRK | | NYSE | |||
| MSFT | | NASDAQ-GS | |||
| PFE | | NYSE |
| PG | | NYSE | |||
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UTX | | NYSE | |||
| VZ | | DualListed |
| WMT | | NYSE |
| WMT | | NYSE |
| WMT | | 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 & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Tuesday's stock prices and related data in alphabetical order.
WSJ pC4 "Stocks move up: Facebook, down" by Chris Dieterich says stocks marched higher amid optimism about Greece's prospects to remain in the euro zone offsetting a disappointing reading on US consumer confidence. Bank of America was up 29 cents and was the Dow's biggest gainer.
NYT pB1 "Overall market turns up while Facebook slides" by Christine Hauser says even as stocks moved solidly higher on Tues, shares of Facebook went against the tide, continuing to fall sharply below the initial offering price in what could be a sign that the bottom is yet to come. All three major indexes had gains of more than 1%. Last week the indexes posted their first weekly gain since April.
Inv. Bus. Daily pB4 "Stocks notch alrge gains as rally attempt continues" by Vincent Mao says stocks started a short week with big bains Tues thanks to a late session rally. Tuesday's action was stocks climb in higher trade. The current outlook is the market is in a correction.
USA Today p4B "Housing market stabilization helps stock market rally" by Bloomberg says stocks rose Tues after the first weekly gain since April in the S&P amid data showing stabilization in the housing market and after Greek opinion polls eased concern the country will leave the euro.
Tuesday's Dow Jones Industrial Average closing numerator was 1,662.28 up 17.15 from Friday's closing numerator of 1,645.65. 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 $55.41 up 0.56 from Friday's average closing price of $54.85. The median closing price of Tuesday's Dow Jones Industrial Average was $49.47 (HD/DD) up $0.55 from Friday's median closing price of $48.92. The lowest volume was 3M and the highest volume again was Bank of America.
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 $1,715 ($166,228 - $164,565).
“Weaker economic news here and subdued inflation might be bullish for stocks in terms of more Fed medicine and [stimulus] from other central banks,” said Nick Raich, direct of research at Key Private Bank in Cleveland. “Weak economic data supports more global stimulus coming, and [that expectation] supports the market,” he said. After surging in the first hour of trading, stocks gave up nearly half of their rise after the euro fell below $1.25 EURUSD -0.13% , a move that followed ratings agency Egan-Jones Rating Co. downgrading Spain’s credit rating. U.S. stocks regained most of those early gains by the last half-hour of trading.The Nasdaq Composite Index COMP +1.18% advanced 33.46 points, or 1.2%, to 2,870.99.Among Nasdaq-listed shares, Facebook Inc. FB -0.31% shares ended down 9.6% to $28.84 as their first day of options trading began. Shares are now 24% below their IPO price. U.S. markets were closed Monday for the Memorial Day holiday.
The S&P 500 Index SPX +1.11% rose 14.60 points, or 1.1%, to 1,332.42. All 10 industry sectors were higher, led by materials and tech. Health care, utilities and consumer staples lagged behind.The outperformance of sectors deemed “cyclical,” a reversal of some recent days where defensive stocks outperformed, constitute vacillations that “reflect investor indecision regarding the likelihood, sources, timing, nature and efficacy of additional fiscal and monetary initiatives,” said Clark Yingst, chief market analyst at Joseph Gunnar, in emailed comments.Gold and oil gave up early gains inspired by expectations of more Chinese stimulus measures to close lower following the Spain ratings downgrade. July oil CLN2 +0.07% ended down 0.1% at $90.76 a barrel. August gold GCQ2 -0.92% dropped 1.3% to $1,551 an ounce. Should investors receive some degree of calm about Greece, they could shift focus to U.S. data, which include nonfarm payrolls and the Institute for Supply Management’s manufacturing survey on Friday, Raymond James’s Gibbs said.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: No mentions found.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC4 "Stocks move up: Facebook, down" by Chris Dieterich says stocks marched higher amid optimism about Greece's prospects to remain in the euro zone offsetting a disappointing reading on US consumer confidence. Bank of America was up 29 cents and was the Dow's biggest gainer.
Boeing: No mentions found.
Caterpillar: WSJ pB2 "Union urges Caterpillar rebuff" by James Hagerty says union members at a Caterpillar plant in Joliet may strike. Union is the IAM and affects 780 workers.
Inv. Bus. Daily pA2 "China spending boosts CAT" says Caterpillar shares rose due to news that Beijing is preparing new infrastructure spending.
Chevron: No mentions found.
Cisco: Inv. Bus. Daily pA4 "Extending the reach of wireless networks" by Ted Needleman says Cisco System, D-Lin and others make gear that can boost wireless range. This article rates them.
IBD pA4 "Data center software apps growing business" by Reinhardt Krause says selling security tech that protects data centers from computer hackers has been a big business for Cisco and other networking gear makers.
Coke: No mentions found.
Disney: WSJ pC14 "Finding magic in Disney's kingdom" by David Reilly says Disney's investment of billions of dollars into its businesses during the recession is paying off as it trades at a premium to other media firms but still only 13.6 times forward earnings below its historic average of 15 times.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Hewlett-Packard: Inv. Bus. Daily pA4 "Facebook's mobiel strateg cold include its own phone" by Brian Deagon says companies that have tried and failed to make inroads against Apple and Google in smartphones include Microsoft, BlackBerry maker Research in Motion, Hewlett-Packard and Dell.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: Inv. Bus. Daily pA2 "JPMorgan boosts auto lending" syas JPMorgan moved to No. 3 for US car lending with 4.85% market share.
Johnson & Johnson: WSJ pB6 "Johnson & Johnson FDA warns McNeil Unit on Vaginal Moisturizer" by Jennifer Dooren says the US FDA said a Johnson & Johnson unit didn't properly investigate consumer complaints related to a vaginal moisturizer. McNeil PPC Inc. received more than 200 complaints about K-Y liquibeads vaginal moisturizer in 2011 dealing with the product not dissolving. The unit did not adequately investigate the complaints.
Kraft: WSJ pB6 ":Kraft craves more of China's snacks market" by Laure Burkitt says Kraft, the world's No. 2 food company by rev after Nestle is tring to reverse its trailing position in the China snack market.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Inv. Bus. Daily pA4 "Facebook's mobiel strateg cold include its own phone" by Brian Deagon says companies that have tried and failed to make inroads against Apple and Google in smartphones include Microsoft, BlackBerry maker Research in Motion, Hewlett-Packard and Dell.
Pfizer: No mentions found.
Procter & Gamble: WSJ pC3 "Trader testifies about tip" by Chad Bray says a former Galleon trader said a tip about a 2008 asset sale by Procter & Gamble came from someone inside the firm in the trial of Rajat Gupta on insider trading charges.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: Inv. Bus. Daily pB10 "Big cap 20's Verizon sports a large yield" by Vincent Mao says Verizon Communications is a big cap that pays dividends and has respectable growth as it has steadily increased its dividend each year since '07, the most recently in Sept when it boosted it to 50 cents a share.
Walmart: No mentions found.
The string of lower-tier releases Tuesday were mixed. The Chicago Fed Midwest Manufacturing Index rose 2.4% in April, to a seasonally adjusted level of 94.2. However, U.S. home prices were unchanged in March, according to the S&P/Case-Shiller 20-city composite index.
Also, a measure of consumer confidence unexpectedly dropped in May to the lowest level since January, the Conference Board reported. The pan-European Stoxx 600 index XX:SXXP +0.75% rose 0.8%, but Spain’s IBEX 35 index slumped 2.3% on concerns about the country’s banking sector. The Dow fell 0.6% on Friday, but it rose 0.7% last week, snapping a three-week losing streak.“The market has put in a technical bottom,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “We will probably see a slightly better tone to the market this week, but the bias will remain defensive.Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: No mentions found.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC4 "Stocks move up: Facebook, down" by Chris Dieterich says stocks marched higher amid optimism about Greece's prospects to remain in the euro zone offsetting a disappointing reading on US consumer confidence. Bank of America was up 29 cents and was the Dow's biggest gainer.
Boeing: No mentions found.
Caterpillar: WSJ pB2 "Union urges Caterpillar rebuff" by James Hagerty says union members at a Caterpillar plant in Joliet may strike. Union is the IAM and affects 780 workers.
Inv. Bus. Daily pA2 "China spending boosts CAT" says Caterpillar shares rose due to news that Beijing is preparing new infrastructure spending.
Chevron: No mentions found.
Cisco: Inv. Bus. Daily pA4 "Extending the reach of wireless networks" by Ted Needleman says Cisco System, D-Lin and others make gear that can boost wireless range. This article rates them.
IBD pA4 "Data center software apps growing business" by Reinhardt Krause says selling security tech that protects data centers from computer hackers has been a big business for Cisco and other networking gear makers.
Coke: No mentions found.
Disney: WSJ pC14 "Finding magic in Disney's kingdom" by David Reilly says Disney's investment of billions of dollars into its businesses during the recession is paying off as it trades at a premium to other media firms but still only 13.6 times forward earnings below its historic average of 15 times.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Hewlett-Packard: Inv. Bus. Daily pA4 "Facebook's mobiel strateg cold include its own phone" by Brian Deagon says companies that have tried and failed to make inroads against Apple and Google in smartphones include Microsoft, BlackBerry maker Research in Motion, Hewlett-Packard and Dell.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: Inv. Bus. Daily pA2 "JPMorgan boosts auto lending" syas JPMorgan moved to No. 3 for US car lending with 4.85% market share.
Johnson & Johnson: WSJ pB6 "Johnson & Johnson FDA warns McNeil Unit on Vaginal Moisturizer" by Jennifer Dooren says the US FDA said a Johnson & Johnson unit didn't properly investigate consumer complaints related to a vaginal moisturizer. McNeil PPC Inc. received more than 200 complaints about K-Y liquibeads vaginal moisturizer in 2011 dealing with the product not dissolving. The unit did not adequately investigate the complaints.
Kraft: WSJ pB6 ":Kraft craves more of China's snacks market" by Laure Burkitt says Kraft, the world's No. 2 food company by rev after Nestle is tring to reverse its trailing position in the China snack market.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Inv. Bus. Daily pA4 "Facebook's mobiel strateg cold include its own phone" by Brian Deagon says companies that have tried and failed to make inroads against Apple and Google in smartphones include Microsoft, BlackBerry maker Research in Motion, Hewlett-Packard and Dell.
Pfizer: No mentions found.
Procter & Gamble: WSJ pC3 "Trader testifies about tip" by Chad Bray says a former Galleon trader said a tip about a 2008 asset sale by Procter & Gamble came from someone inside the firm in the trial of Rajat Gupta on insider trading charges.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: Inv. Bus. Daily pB10 "Big cap 20's Verizon sports a large yield" by Vincent Mao says Verizon Communications is a big cap that pays dividends and has respectable growth as it has steadily increased its dividend each year since '07, the most recently in Sept when it boosted it to 50 cents a share.
Walmart: No mentions found.
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