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Post
No. 1,673 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 recent ranking of the Dow 30 components by market
capitalization and recent Dow 30 components' SEC filings.
The Dow Jones Industrial Average closed Tuesday at 12,573.8 up 167.57 or 1.31% from Monday's close of 12,411.23. Of the 30 Dow components 29 gained and only United Technologies declined. The biggest gainer dollar-wise and percentage-wise was Boeing up $2.56 or 3.65%. The only and biggest decliner dollar-wise and percentage-wise was United Technologies down 29 cents or 0.39%.
As of the open of the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C6 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 13.68 up from yesterday's trailing P/E ratio of 13.83 (year ago it was 13.60); today's P/E estimate is 11.75 unchanged from Monday's P/E estimate of 11.75 (year ago it was 12.01) and today's dividend yield is 2.70 unchanged from yesterday's dividend yield of 2.70 (last year it was 2.50). 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 1,661.37 up 21.49 from Monday's closing numerator of 1,639.88. 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 $55.38 up $0.72 from Monday's average closing price of $54.66. The median closing price of Tuesday's Dow Jones Industrial Average was $51.05 (HD/DD) up $1.04 from Monday's median closing price of $50.01. The lowest volume was Travelers 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 $2,149 ($166,137 - $163,988 ).
MarketWatch Tues. 4:10 pm by Kate Gibson says US stocks rallied Tuesday to recoup much of the prior day's steep drop, with a range-bound market on the prowl for signs of central bank action and any developments related to Europe. "The volatility of the past few weeks is probably going to be be with us through the summer," said Michael Sheldon, chief market strategist at RDM Financial Group Inc. in Westport, CT. After Monday's 142.97-point fall, the Dow Jones Industrial Average DJIA +1.31% rose 162.57 points, or 1.3%, to finish at 12,573.80. The S&P 500 Index SPX +1.17% added 15.25 points, or 1.2%, to 1,324.18, leaving it 0.1% off for the week so far. The Nasdaq Composite COMP +1.19% advanced 33.34 points, or 1.2%, to 2,843.07, down 0.5% from Friday's close.
Tuesday's Dow Closing Numbers:
*******************
The following are excerpts from Tuesday morning's Blog:
The Dow Jones Industrial Average closed Tuesday at 12,573.8 up 167.57 or 1.31% from Monday's close of 12,411.23. Of the 30 Dow components 29 gained and only United Technologies declined. The biggest gainer dollar-wise and percentage-wise was Boeing up $2.56 or 3.65%. The only and biggest decliner dollar-wise and percentage-wise was United Technologies down 29 cents or 0.39%.
As of the open of the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C6 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 13.68 up from yesterday's trailing P/E ratio of 13.83 (year ago it was 13.60); today's P/E estimate is 11.75 unchanged from Monday's P/E estimate of 11.75 (year ago it was 12.01) and today's dividend yield is 2.70 unchanged from yesterday's dividend yield of 2.70 (last year it was 2.50). 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 1,661.37 up 21.49 from Monday's closing numerator of 1,639.88. 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 $55.38 up $0.72 from Monday's average closing price of $54.66. The median closing price of Tuesday's Dow Jones Industrial Average was $51.05 (HD/DD) up $1.04 from Monday's median closing price of $50.01. The lowest volume was Travelers 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 $2,149 ($166,137 - $163,988 ).
MarketWatch Tues. 4:10 pm by Kate Gibson says US stocks rallied Tuesday to recoup much of the prior day's steep drop, with a range-bound market on the prowl for signs of central bank action and any developments related to Europe. "The volatility of the past few weeks is probably going to be be with us through the summer," said Michael Sheldon, chief market strategist at RDM Financial Group Inc. in Westport, CT. After Monday's 142.97-point fall, the Dow Jones Industrial Average DJIA +1.31% rose 162.57 points, or 1.3%, to finish at 12,573.80. The S&P 500 Index SPX +1.17% added 15.25 points, or 1.2%, to 1,324.18, leaving it 0.1% off for the week so far. The Nasdaq Composite COMP +1.19% advanced 33.34 points, or 1.2%, to 2,843.07, down 0.5% from Friday's close.
Tuesday's Dow Closing 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 |
The following are excerpts from Tuesday morning's Blog:
A
read of the print editions of Tuesday's Wall St. Journal, Financial
Times, Investor's Business Daily, New York Times, USA Today, Atlanta
Journal Constitution & 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 Monday's stock prices and related data in
alphabetical order.
Dow Jones Average 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. For the year the Dow is up
1.59%. 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%.
WSJ pC4 "For unsteady stocks, another twist" by matt Jarzemsky says the Dow followed its biggest wekkly gain of the year with a steep slide, snapping a 4 day winning streak as fin'l & commodity stocks sank. Bank of America dropped 28 cents, the biggest % decline of the Dow.
Fin Times p24 "State streetl ifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Inv. Bus. Daily pB2 "Stocks execute negative reversal as volume rises" by Victor Reklaitis says stocks erased early gains & closed near their session lows Mon sustaining sizale losses as the sell off accelerated in the last 15 minutes of trading. Mallanox which makes network itnerconnection prodcuts rose on news of a deal with Intel. Action was negative reversal for the market in higher volume as the current outlook is the market is in a correction.
USA Today p4B "Stocks retreat as optimism over Spain's bailout dwindles" by Bloomberg says stocks fell Mon paring gains from last week's big rally as optimism over Spain's bailout plan gave way to skepticism it will succeed in halting the debt crisis.
NYT pB1 "Rally fizzles after relief about bialout yeilds to fears" by Chris Hauser says market enthusiasm over the Spanish bank bailout did not last even a day. After strong Asian trading seemed to roll on to Europe on Mon morning and then to the US by afternoon most European indexes were flat and Wall St closed the session down.
WSJ pC4 "For unsteady stocks, another twist" by matt Jarzemsky says the Dow followed its biggest wekkly gain of the year with a steep slide, snapping a 4 day winning streak as fin'l & commodity stocks sank. Bank of America dropped 28 cents, the biggest % decline of the Dow.
Fin Times p24 "State streetl ifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Inv. Bus. Daily pB2 "Stocks execute negative reversal as volume rises" by Victor Reklaitis says stocks erased early gains & closed near their session lows Mon sustaining sizale losses as the sell off accelerated in the last 15 minutes of trading. Mallanox which makes network itnerconnection prodcuts rose on news of a deal with Intel. Action was negative reversal for the market in higher volume as the current outlook is the market is in a correction.
USA Today p4B "Stocks retreat as optimism over Spain's bailout dwindles" by Bloomberg says stocks fell Mon paring gains from last week's big rally as optimism over Spain's bailout plan gave way to skepticism it will succeed in halting the debt crisis.
NYT pB1 "Rally fizzles after relief about bialout yeilds to fears" by Chris Hauser says market enthusiasm over the Spanish bank bailout did not last even a day. After strong Asian trading seemed to roll on to Europe on Mon morning and then to the US by afternoon most European indexes were flat and Wall St closed the session down.
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.
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.
Tuesday's Dow New followed by Monday's Closing Dow Numbers:
AT&T: Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Alcoa: No mentions found.
American Express: No mentions found
Bank of America: WSJ pC10 "In the US Banks face a different seort of debt dilemma" by David Reilly says long term debt at JPMorgan, Bank of America, Citi and Wells fell 12% between end of '09 and 1Q '12 as they are not so quick to renew them due to low interest rates.
WSJ pC4 "For unsteady stocks, another twist" by matt Jarzemsky says the Dow followed its biggest wekkly gain of the year with a steep slide, snapping a 4 day winning streak as fin'l & commodity stocks sank. Bank of America dropped 28 cents, the biggest % decline of the Dow.
Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Boeing: IBD pA2 "boeing sees strong 737 orders" says Boeing expects to have 1,000 orders for its 737s by the end of the year up from 450 since it unveiled its more fuel efficient model in Sept.
Caterpillar: No mentions found
Chevron: No mentions found
Cisco: No mentions found
Coke: No mentions found
Disney: USA Today p10B "Nutrition advocates turning sour on sugar" by Nanci Hellmich says last week Dsiney said it would eliminate ads for sugar laden foods on its TV channels, radio station & website by '15.
DuPont: No mentions found
Exxon: No mentions found
GE: No mentions found
Hewlett-Packard:
Home Depot:
Intel: IBD pA2 "Intel chooses Mellanox's tech" & Inv. Bus. Daily pB2 "Stocks execute negative reversal as volume rises" by Victor Reklaitis say stocks erased early gains & closed near their session lows Mon sustaining sizale losses as the sell off accelerated in the last 15 minutes of trading. Mallanox which makes network itnerconnection prodcuts rose on news of a deal with Intel. Action was negative reversal for the market in higher volume as the current outlook is the market is in a correction.
Inv. Bus. Daily pA5 "Apple product unveilings feature MacBooks, maps" by Pat Seitz says Apple's new notebooks include the latest Intel chips. Ajpple execs took shots at rival PC makers who are trying to compete with Apple note books with ultrabooks running Microsoft's Windows operating system.
IBM: No mentions found
JPM: WSJ pA1 "JPMorgan kenw of risks" by Dan Fitzpatrick says some top execs were alerted to risky trading practices by London traders 2 years before the huge botched $2 bil. trade.
WSJ pC10 "In the US Banks face a different seort of debt dilemma" by David Reilly says long term debt at JPMorgan, Bank of America, Citi and Wells fell 12% between end of '09 and 1Q '12 as they are not so quick to renew them due to low interest rates.
Johnson & Johnson: IBD pA2 "Johnson & Johnson", AJC pA10 "Settlement over drug may top $2 bil" say Johnson & Johnson has agreed to pay as much as $2.2 bil to setttle US probes of the marketing of Risperdal antipsychotic drug & other medications along would a misdemeanor plea and criminal penalty of up to 4600 mil. Also accord would settle civil claims that J&J paid kickbacks. This would be 2nd largest settlement claim after Pfizer's '09 to resolve marketing claims dealing with Bextra painkiller and other drugs.
WSJ pB3 "J&J to sell wrist-fracture treatment as aprt of Synthes deal" by Ben Fox Rubin says Johnson & Johnson will sell its sytem for surgically treating serious wrist fractures to Biomet as a condition of its $21.3 bil bid for medical device make synthes.
Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Kraft: No mentions found
McDonald's: No mentions found
Merck: No mentions found
Microsoft: No mentions found
Pfizer: AJC pA10 "Settlement over drug may top $2 bil" says Johnson & Johnson has agreed to pay as much as $2.2 bil to setttle US probes of the marketing of Risperdal antipsychotic drug & other medications along would a misdemeanor plea and criminal penalty of up to 4600 mil. Also accord would settle civil claims that J&J paid kickbacks. This would be 2nd largest settlement claim after Pfizer's '09 to resolve marketing claims dealing with Bextra painkiller and other drugs.
WSjpA13 "Emails reveeal how the White House bought big pharma" reveals emails between Pfizer ex-CEO Jeff Kindler and lobbyists regarding dealings with the Obama admin. Also related editorial: WSJ pA12 ObamaCare's secret history".
Procter & Gamble: No mentions found
3M: No mentions found
Travelers: No mentions found
United Technologies: No mentions found
Verizon: Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Walmart: USA Today p1B "NYC pension funds sue Walmart."AJC pA10 "Pension funds sue Walmart execs" says a group of NYC pension funds is suing current and former Walmart execs for mishandling the bribery scandal.
Tuesday's Dow New followed by Monday's Closing Dow Numbers:
AT&T: Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Alcoa: No mentions found.
American Express: No mentions found
Bank of America: WSJ pC10 "In the US Banks face a different seort of debt dilemma" by David Reilly says long term debt at JPMorgan, Bank of America, Citi and Wells fell 12% between end of '09 and 1Q '12 as they are not so quick to renew them due to low interest rates.
WSJ pC4 "For unsteady stocks, another twist" by matt Jarzemsky says the Dow followed its biggest wekkly gain of the year with a steep slide, snapping a 4 day winning streak as fin'l & commodity stocks sank. Bank of America dropped 28 cents, the biggest % decline of the Dow.
Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Boeing: IBD pA2 "boeing sees strong 737 orders" says Boeing expects to have 1,000 orders for its 737s by the end of the year up from 450 since it unveiled its more fuel efficient model in Sept.
Caterpillar: No mentions found
Chevron: No mentions found
Cisco: No mentions found
Coke: No mentions found
Disney: USA Today p10B "Nutrition advocates turning sour on sugar" by Nanci Hellmich says last week Dsiney said it would eliminate ads for sugar laden foods on its TV channels, radio station & website by '15.
DuPont: No mentions found
Exxon: No mentions found
GE: No mentions found
Hewlett-Packard:
Home Depot:
Intel: IBD pA2 "Intel chooses Mellanox's tech" & Inv. Bus. Daily pB2 "Stocks execute negative reversal as volume rises" by Victor Reklaitis say stocks erased early gains & closed near their session lows Mon sustaining sizale losses as the sell off accelerated in the last 15 minutes of trading. Mallanox which makes network itnerconnection prodcuts rose on news of a deal with Intel. Action was negative reversal for the market in higher volume as the current outlook is the market is in a correction.
Inv. Bus. Daily pA5 "Apple product unveilings feature MacBooks, maps" by Pat Seitz says Apple's new notebooks include the latest Intel chips. Ajpple execs took shots at rival PC makers who are trying to compete with Apple note books with ultrabooks running Microsoft's Windows operating system.
IBM: No mentions found
JPM: WSJ pA1 "JPMorgan kenw of risks" by Dan Fitzpatrick says some top execs were alerted to risky trading practices by London traders 2 years before the huge botched $2 bil. trade.
WSJ pC10 "In the US Banks face a different seort of debt dilemma" by David Reilly says long term debt at JPMorgan, Bank of America, Citi and Wells fell 12% between end of '09 and 1Q '12 as they are not so quick to renew them due to low interest rates.
Johnson & Johnson: IBD pA2 "Johnson & Johnson", AJC pA10 "Settlement over drug may top $2 bil" say Johnson & Johnson has agreed to pay as much as $2.2 bil to setttle US probes of the marketing of Risperdal antipsychotic drug & other medications along would a misdemeanor plea and criminal penalty of up to 4600 mil. Also accord would settle civil claims that J&J paid kickbacks. This would be 2nd largest settlement claim after Pfizer's '09 to resolve marketing claims dealing with Bextra painkiller and other drugs.
WSJ pB3 "J&J to sell wrist-fracture treatment as aprt of Synthes deal" by Ben Fox Rubin says Johnson & Johnson will sell its sytem for surgically treating serious wrist fractures to Biomet as a condition of its $21.3 bil bid for medical device make synthes.
Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Kraft: No mentions found
McDonald's: No mentions found
Merck: No mentions found
Microsoft: No mentions found
Pfizer: AJC pA10 "Settlement over drug may top $2 bil" says Johnson & Johnson has agreed to pay as much as $2.2 bil to setttle US probes of the marketing of Risperdal antipsychotic drug & other medications along would a misdemeanor plea and criminal penalty of up to 4600 mil. Also accord would settle civil claims that J&J paid kickbacks. This would be 2nd largest settlement claim after Pfizer's '09 to resolve marketing claims dealing with Bextra painkiller and other drugs.
WSjpA13 "Emails reveeal how the White House bought big pharma" reveals emails between Pfizer ex-CEO Jeff Kindler and lobbyists regarding dealings with the Obama admin. Also related editorial: WSJ pA12 ObamaCare's secret history".
Procter & Gamble: No mentions found
3M: No mentions found
Travelers: No mentions found
United Technologies: No mentions found
Verizon: Fin Times p24 "State street lifted by talks over Goldman hedge fund unit deal" by Kandy Wong says US equities suffered heavy losses and descended throughout the day to close at a session low. JPMorgan dropped 2.6 as CEO Dimon is expected to testify before Congress this week. Bank of America lost 3.7%. Verizon rose 0.3% and AT&T was up 0.1%. Johnson & Johnson lost 1.4% due to it paying a $2.2 bil settlement.
Walmart: USA Today p1B "NYC pension funds sue Walmart."AJC pA10 "Pension funds sue Walmart execs" says a group of NYC pension funds is suing current and former Walmart execs for mishandling the bribery scandal.
Monday's Closing Dow Numbers:
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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 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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