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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.
The Dow Jones Industrial Average closed Monday at 12,411.23 down 142.97 or 1.14% from Friday's close of 12,554.20. Of the 30 Dow components 4 gained and 26 declined. The biggest gainer dollar-wise was Boeing up 17 cents and percentage-wise was Verizon up 0.28%. The biggest decliner dollar-wise was IBM down $2.63 and percentage-wise was Hewlett-Packard down 4.03%.
As
of the open of the market on Monday the current divisor for the Dow
Jones Industrial Average found at page C4 of Monday's Wall St.
Journal is 0.132129493. Monday's trailing P/E ratio is 13.83 up from
Saturday's trailing P/E ratio of 13.73 (year ago it was 13.79);
Monday's P/E estimate is 11.75 down from Saturday's P/E estimate of
11.78 (year ago it was 12.40) and Monday's dividend yield is 2.70
down
from Saturday's dividend yield of 2.72 (last year it was 2.46). The
Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low
close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's
Dow Jones Industrial Average closing numerator was 1,639.88 down 18.90 from Friday's closing numerator of 1,658.78. This is the sum of all
30 closing prices. A short cut to the Dow numerator is to multiply the
closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in
today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change
in the average.
The
average closing price (the closing numerator divided by 30) of
Monday's Dow Jones Industrial Average was $54.66 down $0.22 from
Friday's average closing price of $54.88. The median closing price of
Monday's Dow Jones Industrial Average was $50.01 (HD/DD) up $3.72 from Friday's median closing price of $53.73. The lowest volume was
Travelers and the highest volume again was Bank of America.
If
Monday morning before the market opened you had purchased 100 shares
of each of the Dow Jones Industrial Average 30 shares (assuming you
could buy fractional shares and assuming no transaction costs) and
sold at the close you would have lost $1,890 ($165,878 - $163,988 ).
MarketWatch
Monday 4:29 by Kate Gibson says U.S. stocks slid sharply Monday, with the Dow Jones Industrial Average closing lower for the first session in five, as investors fretted coming events, including elections in Greece. “It’s a market that is looking to the next thing. It could be Greece, and it could be further economic data. It’s a market waiting for possible Fed or European bank easing,” said Andrew Fitzpatrick, director of investments at HInsdale Associates.
Monday's Closing Dow Numbers:
********************
The following are excepts from Monday morning's Blog.
After a 96-point rise early in the session, the Dow Jones Industrial AverageDJIA -1.14% slid 142.97 points, or 1.1%, at 12,411.23.The S&P 500 Index SPX -1.26% declined 16.73 points, or 1.3%, at 1,308.93, with technology shares leading the losses. Telecom was the best performing of its 10 sectors..Apple Inc. AAPL -1.58% shares turned lower, closing down 1.6%, after the technology maker unveiled its latest computers and software tools at its developer conference in San Francisco. The Nasdaq Composite Index COMP -1.70% slipped 48.69 points, or 1.7%, at 2,809.73.For every two stock advancing four fell on the New York Stock Exchange, where more than 740 million shares traded. Composite volume neared 3.5 billion.Crude futures CLN2 -3.54% fell under $83 a barrel; the dollar DXY +0.29% stood steady against other global currencies and Treasury yields fell, with the benchmark 10-year10_YEAR -0.13% down to 1.589%.“While this aid has little chance of stimulating Spain’s deeply recessionary economy, it does reduce the threat of a new wave of financial contagion emanating from the euro-zone debt crisis,” wrote David Kelly, chief global strategist at J.P. Morgan Funds, in emailed comments.During the weekend, Spain asked for as much as 100 billion euros in European rescue funds for its stricken banking sector. Also there is the prospect of Greece exiting the euro after elections June 17.“However, a more important hurdle to financial stability will come with next Sunday’s Greek election,” he said.European officials have talked about steps including limiting the amount of withdrawals from automated bank machines should Greece opt out of the euro, Reuters reported, citing European Union officials.The finance officials stressed the discussions are so they can be prepared for any outcome, rather than on any expectation that Greece would exit the currency union.
Monday's Closing Dow Numbers:
| 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 | |
| PG | | NYSE | |||
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UTX | | NYSE | |||
| VZ | | DualListed | |||
| WMT | | NYSE |
********************
The following are excepts from Monday morning's Blog.
A read of the print editions of Monday's Barron's, Investor's Business Daily, Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomber) 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.
Inv. Bus. Daily pB6 "Stocks add gains to cap their best week of '12" by Paul Whitfield says stocks rose in sleepy trade Fri protecting the indexes' best weekly gains of the year so far. Friday's action was up in lower volume while the market is in a correction. Leaders up in volume included Walmart.
Friday's
Dow Jones Industrial Average closing numerator was 1,658.78 up 18.42
from Thurday's closing numerator of 1,640.36. 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
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
Friday's Dow Jones Industrial Average was $55.29 up $0.41 from
Thursday's average closing price of $54.88. The median closing price of
Friday's Dow Jones Industrial Average was $53.73 (HD/DD) up $1.38
from Thursday's median closing price of $52.35. The lowest volume was
Travelers 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 made $1,842 ($165,878 - $164,646 ).
MarketWatch
Friday 3:58 by Kate Gibson says U.S. stocks rose on Friday, on track for their best week
this year, on hope Europe would move to combat its economic crisis,
including an anticipated recapitalization of Spanish banks.“It looks like we’re going to have a good week -- the market is
expecting some monetary relief,” said Bruce Bittles, chief investment
strategist at RW Baird & Co.“There is optimism that over the weekend things are going to happen in
Spain, that they are going to successfully hold out their hat and get
some sort of lifeline,” said John Cannally, economist at LPL Financial
in Boston.“You don’t go through a weekend anymore where there’s not some
conference call or event that could move markets,” Cannally added.Up 3.4% for the week, the Dow Jones Industrial Average
DJIA
+0.75%
rose 67.51 points, or 0.5%, to 12,528.47. McDonald’s Corp.
MCD
-0.71%
led blue-chip decliners after the fast-food chain reported global sales
at stores open at least 13 months rose 3.3% in May, short of
expectations.European investors will be looking for indications that the
Chinese economy is slowing, as well as watching elections in France and
Greece and earnings results from U.K. retailers Tesco and Sainsbury's.The S&P 500 Index
SPX
+0.81%
rose 8.48 points, or 0.7%, to 1,323.47, with telecommunications and
financials the best performers of its 10 industry groups and energy the
sole declining sector.The Nasdaq Composite Index
COMP
+0.97%
gained 22.56 points, or 0.8%, to 2,853.58.For every stock falling more than two gained on the New York Stock
Exchange, where 498 million shares traded as of 3:45 p.m. Eastern.The U.S. dollar
DXY
+0.24%
rose and Treasury yields
10_YEAR
-0.37%
mostly fell. Crude-oil futures
CLN2
-0.51%
fell but gained on the week, finishing at $84.10 a barrel.The euro
EURUSD
-0.49%
made a partial recovery ahead of a weekend that includes talks by
euro-zone finance officials expected to focus on emergency assistance to
Spanish lenders.Reuters cited sources in Brussels and Berlin in reporting that Spain
would likely request euro-zone help with recapitalizing its banks during
the weekend, with an announcement expected Saturday.In nationally televised comments to reporters in the White House
briefing room, President Barack Obama urged Europe’s leaders to help the
troubled banking sector. “It strikes me as another coordinated activity,” said Cannally of the president’s comments.U.S.
stocks had declined as economic reports from Europe furthered
concern about the global economy, with German exports declining more
than projected and Italian industrial production contracting in
April.And, Chinese economic data to be released during the weekend
“should
give them room to cut more,” said Cannally of expectations China would
follow up on its first interest-rate cut in years with additional
cuts.The Commerce Department on Friday reported the U.S. trade deficit
narrowed 4.9% in April to $50.1 billion.
Monday's News followed by Friday's Closing Dow Numbers:
AT&T: Barron's p37 "What the preannouncements don't tell us" by Tiernan Ray says preannouncement season is when firms come badk to Wall St and confess that they may not make as much as previously expected uring the current quarter. A year ago, the S&P's top 10 tech and telecom names beat earnings estimates by 8%, this past quarter that number was 7% and includes IBM, Microsoft, AT&T, Intel, and Verizon.
Alcoa: No mentions found.
American Express: Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
Bank of America: NYT pB2 "Banks look to burnish their images by backing green tech firms" by Nelson Schwartz says Bank of America has faced criticism for lending to the coal industry.
Barron's p14 "Week review" "BofA disclosure lapse" says BofA's ex-CEO testified in a courtroom that he was aware that losses at Merrill were greater than disclosed to Bofa holders before they voted to approve the $50 bil purchase.
Inv. Bus. Daily pA7 "Seizing a trillion dollar windfall" by Alan Elliott says Bank of America's sale of mortgage servicing rights on $10 bil in loans last week to Nationstar Mortgage was a small step in what is spected to be a multiyear, multitrillion dollar migration of real estate finance. The deal followed a feb agreement between DOJ and 5 of the largest mortgage servicers including JPMorgan and Bank of America.
Boeing: WSJ pC1 "Foreign revenue may be lost in translation" by Spencer Jakab says many US mulitnationals earnings are impacted by the US dollar index being 11% higher than last year. McDonald's said sales rose only 2.9% in May in Europe vs expected 5.1% and Caterpillar and Boeing not only sell abroad but source parts there so use sophisticated hedging contracts.
Sat AJC pA9 "Delta brings 747 back to Atlanta" by Kelly Yamanouchi says it will put the Boeing 747 back on its Atlanta - Toyko route and will be the first time in 2 years it uses the 747-400, the largest plne in its fleet. It has been using the 777 on the Tokyo run.
Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
Caterpillar: WSJ pC1 "Foreign revenue may be lost in translation" by Spencer Jakab says many US mulitnationals earnings are impacted by the US dollar index being 11% higher than last year. McDonald's said sales rose only 2.9% in May in Europe vs expected 5.1% and Caterpillar and Boeing not only sell abroad but source parts there so use sophisticated hedging contracts.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pB4 "Box office figures" says Disney's "The Avengers" came in 4th this weekend with $10.8 mil in sales and a cumulative $571.9. No. 1 was "Madagascar 3" by paramount/Dream Wroks.
DuPont: No mentions found.
Exxon: Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
GE: WSJ pB1 "GE weighs cuts to lending unit" by Kate Linebaugh said GE may break off chunks of its lending business, heeding the wishes of investors who are uncomfortable it owns what amounts to one of the nation's biggest banks. GE is slimming down GE Capital by selling assets and allowing its loan portfolio to shrink.
Hewlett-Packard: No mentions found.
Home Depot: Barron's p40 "Weekday trader" by Bob O'Brien says Lowe's is smaller than Home Depot but its shares have fallen 16% since the start of May while Home Depot fell 6.4%.
Intel: Barron's p37 "What the preannouncements don't tell us" by Tiernan Ray says preannouncement season is when firms come badk to Wall St and confess that they may not make as much as previously expected uring the current quarter. A year ago, the S&P's top 10 tech and telecom names beat earnings estimates by 8%, this past quarter that number was 7% and includes IBM, Microsoft, AT&T, Intel, and Verizon.
IBM: Inv. Bus. Daily pA1 "Facebook founder's management mettle faces critical test" by Brian Deagon says IBM's CFO runs its quarterly calls.
Barron's p37 "What the preannouncements don't tell us" by Tiernan Ray says preannouncement season is when firms come badk to Wall St and confess that they may not make as much as previously expected uring the current quarter. A year ago, the S&P's top 10 tech and telecom names beat earnings estimates by 8%, this past quarter that number was 7% and includes IBM, Microsoft, AT&T, Intel, and Verizon.
Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
JPMorgan: WSJ pC1 "Fed collaeague backs Dimon" by Jon Hilsenrath says Lee Bollinger, chair of the Fed Res Bank of NY's Baord of Diectors says he doesn't think Jamie Dinon needs to give up his seat on the Board despite outcries of a conflcit of interest following large trading losses at JPMorgan.
Inv. Bus. Daily pA7 "Seizing a trillion dollar windfall" by Alan Elliott says Bank of America's sale of mortgage servicing rights on $10 bil in loans last week to Nationstar Mortgage was a small step in what is spected to be a multiyear, multitrillion dollar migration of real estate finance. The deal followed a feb agreement between DOJ and 5 of the largest mortgage servicers including JPMorgan and Bank of America.
Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
Johnson & Johnson: WSJ pB2 "Clinical studies buoy J&J's diabetes drug" by Jennifer Dooren says a new type of diabet3es drug, canagliflozin, being developed by Johnson & Johnson , in advanced clinical 9 Phase 3 studies showed a reduced measure of blood sugar in patients with Type 2 diabetes. It did better than Merck's Januvia. In a story right next to this one "Sanofi insulin treatment gets boost" by Peter Loftus says that Sanofi's Lantus also was better than Januvia in recent clinical trials.
Kraft:Inv. Bus. Daily pA2 "Kraft mvoe stock to nasdaq," Sat. AJC pA9 "Kraft's stock listing will move to Nasdaq" say Kraft will make the change as it cut costs as it prepares to split into 2 publicy traded firms. Also, Nasdaq's bill board in Times Square will give visibility to its Oreo, Nabisco and Cadbury brands. Transfer to Nasdaq happens on 6/'26 . Kraft Foods Group will focus on N. Amer. brands like Oscar Mayer & Veolveeta; and Mondelez Int'l will focus on global snack brands.
McDonald's: WSJ pB4 "McDonald's Europe, China pressure sales at fast-food chain" by Annie Gasparro says May sales at McDonald's rose a slower than expected 3.3% due to global economic climate problems which also was way it missed April sales growth estimates.
WSJ pC1 "Foreign revenue may be lost in translation" by Spencer Jakab says many US mulitnationals earnings are impacted by the US dollar index being 11% higher than last year. McDonald's said sales rose only 2.9% in May in Europe vs expected 5.1% and Caterpillar and Boeing not only sell abroad but source parts there so use sophisticated hedging contracts.
Inv. Bus. Daily pA1 "Asia slump hurts McDonald's", Sat. AJC pA9 "Sales up at McDonald's but currency a concern" say same store sales open at least 13 months rose 3.3% globally but McDonald's warned that rising expenses and global economic volatility are pressuring 2Q results. It forecasts of 2Q earnings decreased by 7 cents to 9 cents a share.
Barron's pM3 "The Trader" by Vito J. Racanelli, Avi Salzman says McDonald's said sales in China fell last montha nd analysts blamed it on low consumer confidence.
Merck: WSJ pB2 "Clinical studies buoy J&J's diabetes drug" by Jennifer Dooren says a new type of diabet3es drug, canagliflozin, being developed by Johnson & Johnson , in advanced clinical 9 Phase 3 studies showed a reduced measure of blood sugar in patients with Type 2 diabetes. It did better than Merck's Januvia. In a story right next to this one "Sanofi insulin treatment gets boost" by Peter Loftus says that Sanofi's Lantus also was better than Januvia in recent clinical trials.
Barron's p19 "How to play the Obamacare ruling" by Jim McTague says when the Supreme Court uphold's the health plan, modest rallies will probably happen for Merck, Pfizer and hospital operators.
Microsoft: Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
Barron's p37 "What the preannouncements don't tell us" by Tiernan Ray says preannouncement season is when firms come badk to Wall St and confess that they may not make as much as previously expected uring the current quarter. A year ago, the S&P's top 10 tech and telecom names beat earnings estimates by 8%, this past quarter that number was 7% and includes IBM, Microsoft, AT&T, Intel, and Verizon.
Barron's p38 "Ericsson looks like a winner" by Mark Veverka says Nokia probably won't be bought by Samsung because of Nokia's working relationship with Microsoft.
Pfizer: Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
Barron's p19 "How to play the Obamacare ruling" by Jim McTague says when the Supreme Court uphold's the health plan, modest rallies will probably happen for Merck, Pfizer and hospital operators.
Procter & Gamble: Barron's Cover Stroy "Midyear roundatble" p24 "Cuation: sharp turns ahead" by Lauren R. Rublin says Barron's ivnestment experts are bullish on Pfizer, Xerox, and Kellogg according to the cover. Pfizer has been reformulating its business and selling off those where it doesn't have a competitive advantage such as nutritional products. Its stock sells for 10 times this year's expected earnings and yields 4%. Abby Joseph Cohen's picks include Boeing, Exxon, American Express and JPMorgan; Marc Faber picks include Pfizer and he is short IBM; Fred Hickley's picks include Microsoft as does Brian Rogers' who also likes Microsoft. Mario Gabelli likes Kellogg who is uying Pringles from Procter & Gamble.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: Barron's p37 "What the preannouncements don't tell us" by Tiernan Ray says preannouncement season is when firms come badk to Wall St and confess that they may not make as much as previously expected uring the current quarter. A year ago, the S&P's top 10 tech and telecom names beat earnings estimates by 8%, this past quarter that number was 7% and includes IBM, Microsoft, AT&T, Intel, and Verizon.
Walmart: Inv. Bus. Daily pB6 "Stocks add gains to cap their best week of '12" by Paul Whitfield says stocks rose in sleepy trade Fri protecting the indexes' best weekly gains of the year so far. Friday's action was up in lower volume while the market is in a correction. Leaders up in volume included Walmart.
Barron's p45 "An African investment boom" by Barry Wood says Walmart bought a 51% share from $2.4 bil in S. African retailer Massmart because it thinks that African consumers are underserved.
Friday's Closing Dow Numbers:
| 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 |
**********************
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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