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Post No. 1,658 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 Monday at 12,101.46 down 17.11 or 0.14% from Friday's close of 12,118.57. Of the 30 Dow components 15 gained and 15 declined. The biggest gainer dollar-wise and percentage-wise was Home Depot.The biggest decliner dollar-wise was Caterpillar and percentage-wise was JPMorgan.
MarketWatch Monday 3:49 by Laura Mandaro says U.S. stocks briefly turned higher before resuming a mild retreat Monday, sending blue-chip stocks lower for the fourth straight day, as a worsening outlook for the global economy vied with hopes central bankers could soon announce new measures to stimulate growth. The Dow Jones Industrial Average DJIA -0.14% was down 39 points, or 0.3%, at 12,079. It had deepened losses after a midmorning report showed April factory orders made a surprise decline, falling as much as 83 points, then tipped into the green in afternoon trading. “The weak employment picture seems to have helped [investors] recognize that the storm is washing up on U.S. shores, making it all the more likely that the Fed will act this month,” said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. “There have been few occasions recently when investors have bought bad news on such a view, and we’re wondering if this is the start of some more optimism.” The S&P 500 Index SPX +0.01% was off 4 points, 0.3%, at 1,274.50, also following a brief move higher. On Friday, the index of large-cap stocks fell under its 200-moving average and also dropped 10% from a 52-week intraday high, in what some technical analysts consider correction territory. The Nasdaq Composite Index COMP +0.46% veered between minor gains and losses and was recently up 0.3 points at 2,747. If they finish lower, the benchmark indexes will have lost ground for a fourth straight day, cratering under worsening reports on Spain’s tottering banking system, on a U.S. jobs report Friday that showed only 69,000 positions were added to nonfarm payrolls last month. The Dow slumped 274.88 points, or 2.2%, that day to its lowest closing level since Dec. 21.
On Monday, U.S. factory orders showed a surprise drop, adding to souring sentiment about domestic growth. Orders for goods produced in U.S. factories decreased 0.6% in April, the Commerce Department said Monday. Economists polled by MarketWatch had expected a rise of 0.1%.
After Friday’s surprise shortfall in U.S. payrolls growth, “even more second-tier reports take on a higher significance,” said Bill Stone, chief investment strategist at PNC Asset Management Group of the factory-orders report. “I think we admit we’re in a soft patch. Now it’s a question of how soft a soft patch.“ On Sunday, a report showed China’s services sector expanded at its slowest pace in more than a year, adding to worries about the nation’s economy. Two separate surveys last week showed deteriorating conditions in China’s manufacturing sector. Supporting early gains Monday, media reports signaled European officials were coalescing around specific strategies to contain the euro debt crisis. The Wall Street Journal reported that Germany has signaled it may be willing to embrace ideas it has so far opposed — such as common euro-zone bonds and mutual support for European banks — if other European nations in turn give up more sovereignty to European Union institutions.
Separately, Germany’s Der Spiegel magazine reported that Berlin is pressing Spain to accept aid from the European Financial Stability Facility that would be used to inject liquidity in its banking sector, but Spain has resisted the calls. Then on Monday, a spokeswoman for Canadian Finance Minister Jim Flaherty said the G-7 finance ministers and central-bank governors will hold a conference call Tuesday on the European debt crisis. Also, Olli Rehn, European commissioner for economic and monetary affairs, said it was worth considering tapping the euro zone’s permanent rescue fund to directly inject capital into struggling banks, according to a Reuters report. European headlines continue to exert the most influence over stock direction, noted PNC’s Stone, but trading is constrained while investors await more substantive announcements. Among U.S. data releases, the Institute for Supply Management’s report on the services sector Tuesday is considered one of the key U.S. data releases for the week. The European Central Bank’s monetary-policy meeting on Wednesday will also be closely watched, followed by testimony by Federal Reserve Chairman Ben Bernanke on Thursday.European headlines over the last few days “did not have a lot of meat. We’ll probably get meat Wednesday with the ECB,” commented Stone. Altogether, it’s a “wait and see Monday.” Among Monday’s biggest moving stocks, Chesapeake Energy Corp. CHK +6.03% shares rallied 6% after the natural-gas producer said it will name a chairman at the end of this month to replace Aubrey McClendon and shake up the rest of its board.PulteHome Group PHM -6.78% shares fell 6.5%, the worst on the S&P 500 and extending Friday’s losses.
Monday's Closing Dow numbers:
******************
The following are excerpts 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, and 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 Friday's stock prices and related data in alphabetical order.
Dow Jones AverageThe Dow Jones Industrial Average closed Friday at 12,118.57 down 274.88 or 2.22% from Thursday's close of 12,393.45. For the week the Dow is down 336.26 points or 2.71% from last Friday's close of 12,454.83. For the year the Dow is down 0.81%. Of the 30 Dow components all 30 declined. The biggest decliner dollar-wise was IBM and percentage-wise was Hewlett-Pakcard.
Inv. Bus. Daily pB6 "Stocks slammed hard as top issues lead way down" by Paul Whitfield says stock indexes on Fri undercut recent lows & several indexes pierced their 200 day moving averages fo the first time in months. Friday's action was indexes lunge in mixed volume. The current outlook is the market is in a correction.
The Dow Jones Industrial Average closed Monday at 12,101.46 down 17.11 or 0.14% from Friday's close of 12,118.57. Of the 30 Dow components 15 gained and 15 declined. The biggest gainer dollar-wise and percentage-wise was Home Depot.The biggest decliner dollar-wise was Caterpillar and percentage-wise was JPMorgan.
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 13.35 down from Saturday's trailing P/E ratio of 13.66 (year ago it was 13.93); Monday's P/E estimate is 11.78 up from Saturday's P/E estimate of 11.75 (year ago it was 12.54) and Monday's dividend yield is 2.77 up from Saturday's dividend yield of 2.66 (last year it was 2.43). 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 1,598.96 down 2.26 from Friday's closing numerator of 1,601.22. 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 $53.30 down $0.07 from Friday's average closing price of $53.37. The median closing price of Monday's Dow Jones Industrial Average was $47.89 (HD/DD) down 0.07 from Friday's median closing price of $47.96. 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 $226 ($160,122 - $159,900).
On Monday, U.S. factory orders showed a surprise drop, adding to souring sentiment about domestic growth. Orders for goods produced in U.S. factories decreased 0.6% in April, the Commerce Department said Monday. Economists polled by MarketWatch had expected a rise of 0.1%.
After Friday’s surprise shortfall in U.S. payrolls growth, “even more second-tier reports take on a higher significance,” said Bill Stone, chief investment strategist at PNC Asset Management Group of the factory-orders report. “I think we admit we’re in a soft patch. Now it’s a question of how soft a soft patch.“ On Sunday, a report showed China’s services sector expanded at its slowest pace in more than a year, adding to worries about the nation’s economy. Two separate surveys last week showed deteriorating conditions in China’s manufacturing sector. Supporting early gains Monday, media reports signaled European officials were coalescing around specific strategies to contain the euro debt crisis. The Wall Street Journal reported that Germany has signaled it may be willing to embrace ideas it has so far opposed — such as common euro-zone bonds and mutual support for European banks — if other European nations in turn give up more sovereignty to European Union institutions.
Separately, Germany’s Der Spiegel magazine reported that Berlin is pressing Spain to accept aid from the European Financial Stability Facility that would be used to inject liquidity in its banking sector, but Spain has resisted the calls. Then on Monday, a spokeswoman for Canadian Finance Minister Jim Flaherty said the G-7 finance ministers and central-bank governors will hold a conference call Tuesday on the European debt crisis. Also, Olli Rehn, European commissioner for economic and monetary affairs, said it was worth considering tapping the euro zone’s permanent rescue fund to directly inject capital into struggling banks, according to a Reuters report. European headlines continue to exert the most influence over stock direction, noted PNC’s Stone, but trading is constrained while investors await more substantive announcements. Among U.S. data releases, the Institute for Supply Management’s report on the services sector Tuesday is considered one of the key U.S. data releases for the week. The European Central Bank’s monetary-policy meeting on Wednesday will also be closely watched, followed by testimony by Federal Reserve Chairman Ben Bernanke on Thursday.European headlines over the last few days “did not have a lot of meat. We’ll probably get meat Wednesday with the ECB,” commented Stone. Altogether, it’s a “wait and see Monday.” Among Monday’s biggest moving stocks, Chesapeake Energy Corp. CHK +6.03% shares rallied 6% after the natural-gas producer said it will name a chairman at the end of this month to replace Aubrey McClendon and shake up the rest of its board.PulteHome Group PHM -6.78% shares fell 6.5%, the worst on the S&P 500 and extending Friday’s losses.
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 | | NYSE |
| PG | | NYSE | |||
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UTX | | NYSE | |||
| VZ | | DualListed | |||
| WMT | | NYSE |
******************
The following are excerpts 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, and 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 Friday's stock prices and related data in alphabetical order.
Inv. Bus. Daily pB6 "Stocks slammed hard as top issues lead way down" by Paul Whitfield says stock indexes on Fri undercut recent lows & several indexes pierced their 200 day moving averages fo the first time in months. Friday's action was indexes lunge in mixed volume. The current outlook is the market is in a correction.
Friday's Dow Jones Industrial Average closing numerator was 1,601.22 down 36.32 from Thursday's closing numerator of 1,637.54. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $53.37 down $1.21 from Thursday's average closing price of $54.58. The median closing price of Friday's Dow Jones Industrial Average was $47.96 (HD/DD) down 0.83 from Thursday's median closing price of $48.80. The lowest volume was 3M and the highest volume again was Bank of America.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $3,632 ($163,754 - $160,122).
MarketWatch Friday 3:23 by Laura Mandaro says U.S. stocks fell more than 2% Friday, turning the Dow industrials negative for the year and pushing the S&P 500 into correction territory, after a U.S. jobs report showed slim growth last month.The report, following downbeat data from China and Europe, raised serious concerns about the health of the global economy and sent investors running into the dollar, Treasurys and gold.The Dow Jones Industrial Average DJIA -2.22% fell 267 points, or 2%, to 12,126. The index is now down 2.6% for the week and 0.7% for the year.
The S&P 500 Index SPX -2.46% dropped 31.11 points, or 2.4%, to 1,279.31, undercutting what some analysts see as support at 1,280.The index is 10% off an intraday, 52-week high of 1,422.38, reached on April 2.This 10% pullback, which is often termed a technical correction, “doesn’t mean we’re in a bear market. But it does mean you have to recalibrate for a world where the U.S. is going to barely grow 2%, Europe is a chronic source of stress, and emerging markets, at least for now, are not contributing much,” said Russ Koesterich, global chief investment strategist at BlackRock iShares.The Nasdaq Composite Index COMP -2.83% declined 73.04 points, or 2.6%, to 2,754.96. It had already entered correction mode prior to Friday’s retreat, as investors dumped what had been the best performing assets to start the year.The S&P 500 remains up 1.8% for the year, while the Nasdaq is 5.8% higher, largely due to strong gains in the first quarter. Gold futures rallied as investors sought a safe haven and the dollar fell on speculation that the weak data could trigger more quantitative easing from the Federal Reserve.The August gold contract GCQ2 +3.80% surged $57.90, or 3.7%, to $1,622.10 an ounce, its best day since August. Yields on 10-year Treasury notes 10_YEAR -6.66% hit a fresh low of 1.44% and recently traded down 10 basis points at 1.46%. “People are fearing the modest growth we were expecting for the U.S. may fade,” said Scott Wren, senior equity strategist at Wells Fargo Advisors in St. Louis.“In addition to the European sovereign-debt scenario, which I think won’t go away anytime soon, and fears China is slowing down, over the last couple months we’ve had some deterioration in U.S. data,” he added.
The losses for stocks came after the Labor Department reported Friday that the U.S. economy added only 69,000 jobs in May, while economists polled by MarketWatch expected an increase of 165,000. The unemployment rate edged up to 8.2% from 8.1% as more people entered the workforce. Adding to the gloom, manufacturing data from Europe and China also pointed to deteriorating economic conditions.In the U.S., the Institute for Supply Management said its manufacturing index fell to 53.5% in May from 54.8% in April. Economists polled by MarketWatch had forecast a slide to 54%. Readings above 50 indicate the sector is still expanding. Stocks on Thursday ended with losses of 6% or more for the month of May, hammered by concerns that Greece might exit the euro zone, Spain would need an international bailout and Chinese growth was cooling. It was the worst month since May 2010 for the Dow and the Nasdaq. The year “2012 is beginning to look horribly like 2011 — initial high hopes that the recovery was kicking into high gear, subsequently dashed,” wrote Nigel Gault, chief U.S. economist at IHS Global Insight, in an emailed report. “There’s clearly less momentum than Fed participants had anticipated. For that reason, we expect the Fed will probably try to keep pumping in stimulus in some form in the second half of the year,” he said.All 30 Dow components were lower Friday, led by a 6.1% loss in Hewlett-Packard Co. HPQ -6.31% shares and a 4.6% drop in Bank of America Corp. / BAC -4.49% .
A third straight disappointing monthly U.S. jobs report sends stocks tumbling and turns the Dow Jones Industrial Average red for the year.On the S&P 500, PulteGroup / PHM -11.75% , D.R. Horton Inc. DHI -8.37% and Lennar Corp. /quotes/zigman/232035/quotes/nls/len LEN -8.32% shares sank 8% to 11% each as the home builders came under fire following the jobs data.
On the upside, Newmont Mining Corp. NEM +6.66% rallied 6.6%, the best on the S&P 500. The gold-mining company has promised shareholders to increase its quarterly dividend based on the averaged realized gold price for the preceding quarter.Nasdaq component Groupon Inc. GRPN -8.93% dropped 9.4% to $9.65 after hitting a record low of $9.53. On Friday, restrictions expired on insiders from selling shares after its initial public offering last year.
Monday's Dow news followed by Friday's Dow Closing Numbers:
AT&T: WSJ pB7 "Networks win ad rate rises" by Suzanne Vranica says Procter & Gamble, AT&T and GM are the three biggest TV advertisers by spending.
Barron's pM3 "Ugly week shoves Dow into red for year" by Kopin tan says AT&T and Walmart hit 52 week highs last week.
Alcoa:
American Express: No mentions found.
Bank of America: NYT pA1 "Merrill losses were hidden before merger" by Gretchen Morgenson says days before Bank of America shareholders approved its $50 bil purchase of Merril Lynch in '08, top bank execs were advised that losses would be higher than disclosed to the public.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Monday's Dow news followed by Friday's Dow Closing Numbers:
AT&T: WSJ pB7 "Networks win ad rate rises" by Suzanne Vranica says Procter & Gamble, AT&T and GM are the three biggest TV advertisers by spending.
Barron's pM3 "Ugly week shoves Dow into red for year" by Kopin tan says AT&T and Walmart hit 52 week highs last week.
Alcoa:
American Express: No mentions found.
Bank of America: NYT pA1 "Merrill losses were hidden before merger" by Gretchen Morgenson says days before Bank of America shareholders approved its $50 bil purchase of Merril Lynch in '08, top bank execs were advised that losses would be higher than disclosed to the public.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pB7 "Box Office figrues" says Disney's The Avengers was third this weekend.
DuPont: No mentions found.
Exxon: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: Barron's p38 "CEO Spotlight Jeffrey Immelt" by Lawrence Strauss profiles him. During is tenue the stocks has lost 53% of its value compared with a 26% gain for the S&P. It has lagged rivals United Technologies and Siemens.
Hewlett-Packard: Barron's p30 "Weighing the new new and the old old things" by Tiernan Ray says Lenovo may be better positioned than Dell and Hewlett-Packard to design attractive tablets.
Home Depot: Barron's p17 "Week preview" says on Wed Home Depot hosts an investor conference.
Intel: No mentions found.
IBM: No mentions found.
Johnson & Johnson: WSJ pB6 "Johnson & Johnson drug shows promise in prostate cancer trial" by Jennifer Corbett Dooren says Johnson & Johnson's Zytiga slowed the growth of prostate cancer in a clinical trial of men who hadn't undergone chemo. The firm is sponsoring studies of the drug, which will generate about $1 bil in sales this year, for use of early stages of the disease.
JPMorgan: WSJ pC1 "oversight of JPMorgan probed" by Scott Patterson, NYT pB1 "JPMorgan was warned about lax risk controls" by Nelson Schwartz say a fed agency, Comptorller of the Currency, is taking heat over how much it knew about risk taking on the part of JPMorgan.
Kraft: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Fin Times p20 "Microsoft's web ad opt out attacked" by Richard Waters says the ad industry has come out against a Microsoft plan that would hamper online advertising as the next version of tis browser, Internet Exploer 10, will send a so called do not track request to all advertisers unless users turn the feature off.
IBD pA2 "Apple rated top Internet firm" says Apple's profit for the qarter ended March was $11.6 bil a 94% jump from a year ago. Microsoft fell 2.4% to $5.1 bil. Apple's op rev soared 59% to $39.2 bil vs. a 6% climb for Microsoft to $17.4 bil.
IBD pA2 "Windows 8 upgrade offering" says Microsoft gave more details about its new op system and said it will make the "do not track" ption the default setting on its latest version of Internet Explorer, IE10.
IBD pA5 "Game makers seek spark from Microsoft, Nintendo" by Pat Seitz says Microsoft kicked off the current generation of machines with the Xbox 360 in Nov '05. Sony's PlayStation 3 and Nintendo's Wii followed a year later.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies:
Barron's p38 "CEO Spotlight Jeffrey Immelt" by Lawrence Strauss profiles him. During is tenue the stocks has lost 53% of its value compared with a 26% gain for the S&P. It has lagged rivals United Technologies and Siemens.
Verizon: WSJ pB "Hughes Telematics deal is bet on connected cars" by Thomas Gryta says Verizon is buying Atlanta based Hughes Telematics a provider of wireless enabled services to cars for $612 mil. Verizon will expand its data plans to cover more products. Verizon Wireless and AT&T are expected to roll out new plans this summer.
IBD pA2 "Verizon" says the No. 1 US wireless service provider said it wold buy Hughes telematics for $12 a share or $612 mil. Hughes is a provider of real time voice and data services and apps used in vehicles.
Walmart: WSJ pC1 "A discoutner even Walamrt would envy" by Spencer jakab says Walmart has twice the sales per square foot of Dollar Geenral and more space, one billion square feet but Dollar General's earnings are up from 45 cents last year to 63 cents per share.
Barron's pM3 "Ugly week shoves Dow into red for year" by Kopin tan says AT&T and Walmart hit 52 week highs last week.
Hewlett-Packard: Barron's p30 "Weighing the new new and the old old things" by Tiernan Ray says Lenovo may be better positioned than Dell and Hewlett-Packard to design attractive tablets.
Home Depot: Barron's p17 "Week preview" says on Wed Home Depot hosts an investor conference.
Intel: No mentions found.
IBM: No mentions found.
Johnson & Johnson: WSJ pB6 "Johnson & Johnson drug shows promise in prostate cancer trial" by Jennifer Corbett Dooren says Johnson & Johnson's Zytiga slowed the growth of prostate cancer in a clinical trial of men who hadn't undergone chemo. The firm is sponsoring studies of the drug, which will generate about $1 bil in sales this year, for use of early stages of the disease.
JPMorgan: WSJ pC1 "oversight of JPMorgan probed" by Scott Patterson, NYT pB1 "JPMorgan was warned about lax risk controls" by Nelson Schwartz say a fed agency, Comptorller of the Currency, is taking heat over how much it knew about risk taking on the part of JPMorgan.
Kraft: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Fin Times p20 "Microsoft's web ad opt out attacked" by Richard Waters says the ad industry has come out against a Microsoft plan that would hamper online advertising as the next version of tis browser, Internet Exploer 10, will send a so called do not track request to all advertisers unless users turn the feature off.
IBD pA2 "Apple rated top Internet firm" says Apple's profit for the qarter ended March was $11.6 bil a 94% jump from a year ago. Microsoft fell 2.4% to $5.1 bil. Apple's op rev soared 59% to $39.2 bil vs. a 6% climb for Microsoft to $17.4 bil.
IBD pA2 "Windows 8 upgrade offering" says Microsoft gave more details about its new op system and said it will make the "do not track" ption the default setting on its latest version of Internet Explorer, IE10.
IBD pA5 "Game makers seek spark from Microsoft, Nintendo" by Pat Seitz says Microsoft kicked off the current generation of machines with the Xbox 360 in Nov '05. Sony's PlayStation 3 and Nintendo's Wii followed a year later.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies:
Barron's p38 "CEO Spotlight Jeffrey Immelt" by Lawrence Strauss profiles him. During is tenue the stocks has lost 53% of its value compared with a 26% gain for the S&P. It has lagged rivals United Technologies and Siemens.
Verizon: WSJ pB "Hughes Telematics deal is bet on connected cars" by Thomas Gryta says Verizon is buying Atlanta based Hughes Telematics a provider of wireless enabled services to cars for $612 mil. Verizon will expand its data plans to cover more products. Verizon Wireless and AT&T are expected to roll out new plans this summer.
IBD pA2 "Verizon" says the No. 1 US wireless service provider said it wold buy Hughes telematics for $12 a share or $612 mil. Hughes is a provider of real time voice and data services and apps used in vehicles.
Walmart: WSJ pC1 "A discoutner even Walamrt would envy" by Spencer jakab says Walmart has twice the sales per square foot of Dollar Geenral and more space, one billion square feet but Dollar General's earnings are up from 45 cents last year to 63 cents per share.
Barron's pM3 "Ugly week shoves Dow into red for year" by Kopin tan says AT&T and Walmart hit 52 week highs last week.
Friday's Dow Closing Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
| T | | NYSE | |||
| AA | | NYSE | |||
| AXP | | NYSE | |||
| BAC | | NYSE | |||
| BA | | NYSE | |||
| CAT | | 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 |
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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