The Dow Jones Industrial Average closed Tuesday at 12,805.54 up 78.33 or 0.62% from Monday's close of 12,727.21 Of the 30 Dow components 26 gained and 4 declined. The biggest gainer dollar-wise and percentage-wise was Disney up $1.49 or 3.11%. The biggest decliner dollar-wise and percentage-wise was IBM down $1.14 or 1.42%.
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 14.27 up from yesterday's trailing P/E ratio of 14.22 (year ago it was 14.05); today's P/E estimate is 12.23 unchanged from Monday's P/E estimate of 12.23 (year ago it was 12.60) and today's dividend yield is 2.62 unchanged from yesterday's dividend yield of 2.62 (last year it was 2.44). 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 1,691.99 up 10.35 from Monday's closing numerator of 1,681.64. 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 $56.40 up 0.35 from Monday's average closing price of $56.05. The median closing price of Tuesday's Dow Jones Industrial Average was $50.04 (HD/DIS) up $0.38 from Monday's median closing price of $49.66 (HD/DIS. 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 $1,035 ($169,199 - $168,164).
MarketWatch
Tues.
4:35 by Kate Gibson says U.S. stocks reclaimed Tuesday gains after Federal Reserve
Chairman Ben Bernanke spoke and Wall Street’s gaze returned to solid
results from Goldman Sachs Group Inc. and Coca-Cola Co.“We had good reports from Goldman
GS
+0.31%
and Coca-Cola
KO
+1.58%
; not only did they beat expectations, but they did so by a pretty wide
margin,” said Andrew Fitzpatrick, director of investments at Hinsdale
Associates. “Banks seem to be holding up fairly well, and that’s one of
the riskier sectors. When you see strength there, it tends to bode well
for the rest of the market.”“There was nothing disastrous from Bernanke, and there may be a bit of
relief here that there is nothing to talk about in terms of QE3,” added
Fitzpatrick of the market’s fixation on prospects of a third round of
quantitative easing.Testifying before the Senate Banking Committee, Bernanke reiterated that
the central bank was prepared to make further moves to bolster the
recovery, if warranted. It’s now “becoming a question of does the market really want QE3, given
the mixed results of the previous one. It may be better to try to just
muddle through here,” according to Fitzpatrick.Gov. Mervyn King and Bank of England deputy Paul Tucker face
questions from a U.K. parliamentary committee. The central bank had no
evidence that banks were deliberately misreporting their borrowing costs
in 2008, King says. After sliding 82 points and rising as much as 102 points, the Dow Jones Industrial Average
DJIA
+0.62%
finished at 12,805.54, up 78.33 points, or 0.6%. The index had 26 of
its 30 components finish higher, led by Walt Disney Co.
DIS
+3.11%
, up 3.1% after Bank of America Corp. upgraded the entertainment conglomerate to a buy rating.
Blue-chip gainers also included Coca-Cola, up 1.6% after the beverage
maker reported second-quarter profit that surpassed expectations. The S&P 500 Index
SPX
+0.74%
advanced 10.03 points, or 0.7%, to 1,363.67, with health care, natural
resources and telecommunications the best performers of its 10 sectors.Shares of Goldman Sachs gained 0.3% after the Wall Street bank reported
second-quarter profit above estimates and said it was selling its
hedge-fund administration unit to State Street Corp.
STT
-6.37%
, shares of which lost 6.4%.
Mattel shares jump after profit tops targets.
Mattel Inc.
MAT
+9.70%
leapt 9.7% after the toy maker reported second-quarter profit that beat average estimates.The Nasdaq Composite Index
COMP
+0.45%
climbed 13.10 points, or 0.5%, to 2,910.04.For every five stocks on the decline, eight rose on the New York Stock
Exchange, where nearly 698 million shares traded. Composite volume
topped 3.5 billion.The U.S. dollar
DXY
-0.17%
dropped against other global currencies, including the euro, while
Treasury prices fell, with the yield on the 10-year note
10_YEAR
+1.96%
rising to 1.506%.Oil prices
CLQ2
+0.81%
rose 0.9% to $89.22 a barrel, while gold futures
GCQ2
-0.63%
fell $2.10, or 0.1%, to end at $1,589.50 an ounce.
Data from the Federal Reserve had U.S. industrial production rising 0.4%
in June, with the pickup in manufacturing better than expected.Another government report showed consumer prices holding steady last
month, while a gauge of the housing market climbed to its best level
since March 2007
Tuesday'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 | | NASDAQ-GS | |||
| 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 12,727.21 down 49.88 or 0.39% from Friday's close of 12,777.09. For the year the Dow is up 4.17%. Of the 30 Dow components 7 gained and 23 declined. The biggest gainer dollar-wise was Chevron up 77 cents and percentage-wise was Pfizer up 1.4 %. The biggest decliner dollar-wise and percentage-wise was JPMorgan Chase down 98 cents or 2.72%.
WSJ pC4 "Stocks resume slide" by Matt Jarzemsky says ind'l & consumer shares led stocks lower as retail sales disappointed & investors braced fora busy week of earnings. IBM and GE are due to report in coming days. GE slipped 18 cents after Morgan Stanley cut their shares'; rating. IBM fell $1.22.
Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Inv. Bus. Daily pB2 "Stocks retreat modestly; distribution his Nasdaq" by Vincent Mao says stocks closed off their session lows but still gave up ground Mon following some mixed economic data. the current outlook is uptrend under pressure.
NYT pB3 "Shares slip on decline in retail sales" by Retuers says stocks fell modestly on Mon after a surprising decline in June retail sales provided the latest worrying sign about the economy.
USA Today p4B "Inestors hate Mondays: Dow begins week with loss again" by Adam Shell says for the 7th consecutive Mon, the Dow started the week with a decline jsut the latest statistical proof that i investors remain wary of stocks.
Monday's Dow Jones Industrial Average closing numerator was 1,681.64 down 6.59 from Friday's closing numerator of 1,688.23. 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 dencrease 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 $56.05 down 0.22 from Friday's average closing price of $56.27. The median closing price of Monday's Dow Jones Industrial Average was $49.66 (HD/DIS) down $0.48 from Friday's median closing price of $50.14 (HD/DIS. 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 $659 ($168,810 - $168,164).
MarketWatch
Mon.
4:48 by Kate Gibson says U.S. stocks declined Monday, with two of
three benchmark
indexes off for a seventh in eight sessions, after the International
Monetary Fund reduced its global economic outlook.“There is worry about
the China demand story and then we have a game of
chicken between Congress and the fiscal cliff, and then there’s is
[Federal Reserve Chairman] Ben Bernanke and monetary policy, knowing he
can’t do it all by himself,” said Art Hogan, a managing director at
Lazard Capital Markets.The Great Plains and Midwest are rebounding from
the recession
faster than other parts of the country, but economists say their
recoveries aren't enough to lift the rest of the economy.“Even though we
have sluggish economic growth, we don’t necessarily need
to go careening off the cliff into a double-dip recession, so we’ll see
if we can get fiscal policy stimulus,” Hogan said of the inability of
Democrats and Republicans to reach agreement before a slew of tax cuts
expire at the end of the year and nearly $1 trillion in across-the-board
spending cuts are implemented. The Dow Jones Industrial Average
DJIA
-0.39%
shed 49.88 points, or 0.4%, to 12,727.21, with American Express Co.
AXP
+1.23%
among its risers, up 1.2% ahead of its second-quarter earnings report
on Wednesday. A World Trade Organization panel said in a ruling
published Monday that
China discriminates against foreign bank card suppliers by maintaining a
monopoly supplier for clearing some transactions. China’s practice has
restricted Amex and other payment processors, including Mastercard Inc.
MA
+1.70%
and Visa Inc.
V
+2.47%
to foreign currency transactions and kept them processing transactions involving Chinese currency.
General Electric Co.
GE
-0.91%
dropped 0.9% after Morgan Stanley lowered its rating of the manufacturer to equal weight from overweight.Citigroup Inc.
C
+0.60%
rose 0.6% after reporting second-quarter profit that topped expectations. The S&P 500 index
SPX
-0.23%
declined 3.14 points, or 0.2%, to 1,353.64 with the industrial and
consumer-discretionary sectors the worst performers and energy faring
best among its 10 industry groups.On the New York Mercantile Exchange, oil futures
CLQ2
+1.23%
rose $1.33 to $88.43 a barrel. The Nasdaq Composite
COMP
-0.40%
fell 11.53 points, or 0.4%, to 2,896.94.For every seven stocks rising roughly eight fell on the New York Stock
Exchange, where 602 million shares traded. Composite volume neared 2.9
billion.
Stocks finished the first trading day of the week off session lows, with
losses moderating as the U.S. dollar slid and the euro gained. The U.S. dollar
DXY
-0.19%
fell against other major currencies, including the euro
EURUSD
+0.0308%
. “If we’re going to look for improvement in the equity market, we have to
see the dollar stop going up every day,” said Ken Tower, senior analyst
at Quantitative Analysis Service Inc. While a strong dollar at times
can be positive, its recent rise is largely an indication of worried
investors looking to park assets in a relatively safe harbor.
“To the
extent it’s because people are afraid to put their money anywhere else,
that’s not so great,” said Tower.The IMF reduced its 2013 global growth
forecast to 3.9% from the 4.1% projected in April.Figures from the
Commerce Department had retail sales falling a worse-than-expected 0.5%
last month. “We’ve got the usual pull between the lack of resolution on
the
euro-zone crisis and doubts about the strength of the U.S. economy,”
said Tower. Separately, a gauge of manufacturing in the New York region
in July expanded at a faster-than-anticipated pace. Bernanke on Tuesday
begins two days of testimony on Capitol Hill, with
Lazard’s Hogan expecting the Fed chairman to reiterate what was said in
minutes of the central bank’s last policy meeting.“They may lower
interest rates on reserves from 25 basis points to zero,
that seems to be in vogue now, or increase the size of the Fed’s
balance sheet, but Bernanke will save his silver bullet for the crisis
we bring upon ourselves,” said Hogan of the possibility of another round
of quantitative easing from the Fed.
Tuesday's Dow News followed by Monday's Closing Dow Numbers:
AT&T: Fin Times p14 "Sprint Nextel rolls out LTE braodband network" by Paul Taylor says the launch includes in the US Dallas where AT&T has its headquarters.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Inv. Bus. daily pb6 "Mastercard, Visa toy with buy points" by alan Elliott says a suit between credit card companies and banks including JPMorgan and Bank of America was settled Fri.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: WSJ pB4 "cisco buys software security firm" by Ben Fox rubin says cisco bought Virtuata, a closely held security software firm for undisclosed terms.
Coke: WSJ pC1"Coca-Cola's currency is its resilience" by Spencer jakab says since Coke's sstock split last week one of the original $40 sahres would be worth $10.3 mil today. Aanlysts expect a year on year decline in eps to $1.18 vs. $1.20 a year earlier when Coke reports earnings today.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC4 "Stocks resume slide" by Matt Jarzemsky says ind'l & consumer shares led stocks lower as retail sales disappointed & investors braced fora busy week of earnings. IBM and GE are due to report in coming days. GE slipped 18 cents after Morgan Stanley cut their shares'; rating. IBM fell $1.22.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
IBM: WSJ pC4 "Stocks resume slide" by Matt Jarzemsky says ind'l & consumer shares led stocks lower as retail sales disappointed & investors braced fora busy week of earnings. IBM and GE are due to report in coming days. GE slipped 18 cents after Morgan Stanley cut their shares'; rating. IBM fell $1.22.
JPMorgan: WSJ pC10 "Citigroup still traveling long road to investor redemption" by David Reilly says Citi trades at half the valuation of JPMorgan as measured by price to tangible book value, because JPMorgan weathered the fin'l crisis well while citi was brought to its knees.
Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Inv. Bus. daily pb6 "Mastercard, Visa toy with buy points" by alan Elliott says a suit between credit card companies and banks including JPMorgan and Bank of America was settled Fri.
Johnson & Johnson: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Kraft: No mentions found.
McDonald's: No mentions found.
Merck: WSJ pB3 "court revivies suit against Schering" by Brent Kendall says a class action suit is moving forward that challenges a patent settlement by Merck's Schering unit and a generic drug maker on antitrust grounds.
Microsoft: WSJ pB4 "Microsoft unveils new version of Office with cloud option" by Shira Ovide, NYT pB1 "In nod to new era, Microsoft unveils touch-based version of office" by Nick Wingfield, USA today p3B "Microsoft provides trial of new Office, but jury is still out" by Edward C. Baig, AJc pA9 "Microsoft gives tour of renovated Office suite" by NYT say Office 365 will be offered along side Office 2013.
WSJ pB4 "Microsoft, network end MSNBC.com venture" by Chelsea Stevenson, Inv. Bus. Daily pA2 "Microsoft divests MSNBC", AJC pA10 "Microsoft split from MSNBC spoens doors" say NBC completed the purchasae of Microsoft's 50% share in MSNBC Digital Network.
IBD pA5 "Apple, Google, Microsoft taking a swing at sports?" by Reinhardt Krause says cash rich Apple, Microsoft & Google aim to whisk mroe sports programming to mobile devices, PCs and Internet connected TVs. Dsieny's owned EsPN could team up with tech firms.
Pfizer:
Procter & Gamble: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: No mentions found.
Walmart: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
AJC pA10 "Judge says lawyers too quick in Walmart suit" says a Delaware judge "chastised" attorneys for 2 pensions for suing Qalmart over bribery allegations in Mexico.
Tuesday's Dow News followed by Monday's Closing Dow Numbers:
AT&T: Fin Times p14 "Sprint Nextel rolls out LTE braodband network" by Paul Taylor says the launch includes in the US Dallas where AT&T has its headquarters.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Inv. Bus. daily pb6 "Mastercard, Visa toy with buy points" by alan Elliott says a suit between credit card companies and banks including JPMorgan and Bank of America was settled Fri.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: WSJ pB4 "cisco buys software security firm" by Ben Fox rubin says cisco bought Virtuata, a closely held security software firm for undisclosed terms.
Coke: WSJ pC1"Coca-Cola's currency is its resilience" by Spencer jakab says since Coke's sstock split last week one of the original $40 sahres would be worth $10.3 mil today. Aanlysts expect a year on year decline in eps to $1.18 vs. $1.20 a year earlier when Coke reports earnings today.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC4 "Stocks resume slide" by Matt Jarzemsky says ind'l & consumer shares led stocks lower as retail sales disappointed & investors braced fora busy week of earnings. IBM and GE are due to report in coming days. GE slipped 18 cents after Morgan Stanley cut their shares'; rating. IBM fell $1.22.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
IBM: WSJ pC4 "Stocks resume slide" by Matt Jarzemsky says ind'l & consumer shares led stocks lower as retail sales disappointed & investors braced fora busy week of earnings. IBM and GE are due to report in coming days. GE slipped 18 cents after Morgan Stanley cut their shares'; rating. IBM fell $1.22.
JPMorgan: WSJ pC10 "Citigroup still traveling long road to investor redemption" by David Reilly says Citi trades at half the valuation of JPMorgan as measured by price to tangible book value, because JPMorgan weathered the fin'l crisis well while citi was brought to its knees.
Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Inv. Bus. daily pb6 "Mastercard, Visa toy with buy points" by alan Elliott says a suit between credit card companies and banks including JPMorgan and Bank of America was settled Fri.
Johnson & Johnson: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
Kraft: No mentions found.
McDonald's: No mentions found.
Merck: WSJ pB3 "court revivies suit against Schering" by Brent Kendall says a class action suit is moving forward that challenges a patent settlement by Merck's Schering unit and a generic drug maker on antitrust grounds.
Microsoft: WSJ pB4 "Microsoft unveils new version of Office with cloud option" by Shira Ovide, NYT pB1 "In nod to new era, Microsoft unveils touch-based version of office" by Nick Wingfield, USA today p3B "Microsoft provides trial of new Office, but jury is still out" by Edward C. Baig, AJc pA9 "Microsoft gives tour of renovated Office suite" by NYT say Office 365 will be offered along side Office 2013.
WSJ pB4 "Microsoft, network end MSNBC.com venture" by Chelsea Stevenson, Inv. Bus. Daily pA2 "Microsoft divests MSNBC", AJC pA10 "Microsoft split from MSNBC spoens doors" say NBC completed the purchasae of Microsoft's 50% share in MSNBC Digital Network.
IBD pA5 "Apple, Google, Microsoft taking a swing at sports?" by Reinhardt Krause says cash rich Apple, Microsoft & Google aim to whisk mroe sports programming to mobile devices, PCs and Internet connected TVs. Dsieny's owned EsPN could team up with tech firms.
Pfizer:
Procter & Gamble: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: No mentions found.
Walmart: Fin Times p22 "Coal industry woes take their toll on Alpha Natural Resources" by Kandy Wong says Exxon, the most heavily weighted stock in the energy sector, dropped 0.5%. Chevron added 0.7%. Overall, US equities failed to extend last Fri's gtains yesterday as investors were cautious about the nation's economic growth prospects ahead of this week's earnings season. Bank of America was down 0.1%. JPMorgan lost 2.7%. Intel which announces 2Q earnings today, dropped 0.5%. Johnson & Johnson was down 0.2%. It will deliver its 2Q results today. Procter & Gamble lost 0.4% and Walmart dropped 0.3%.
AJC pA10 "Judge says lawyers too quick in Walmart suit" says a Delaware judge "chastised" attorneys for 2 pensions for suing Qalmart over bribery allegations in Mexico.
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 | | NASDAQ-GS | |||
| 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)
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Here are the Dow Jones Industrial Average 30 as of 6/20/12 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 $397.5 [4.5]
2. Microsoft MSFT 260 [8.5]
3. IBM 229.5 [1]
4. WalMart WMT 233 [3.5]
5. Chevron CVX 204.5 [2]
6. AT&T T 207.5 [6]
7. GE 213 [10.5]
8.Procter & Gamble PG 165.5 [3]
9. Johnson & Johnson JNJ 184 [3]
10. Coke KO 170.5 [2.5]
11. Pfizer PFE 169.5 [7.5]
12. JPMorgan Chase JPM 138.5 [4]
13. Intel INTC 139 [5]
14. Verizon VZ 123 [3]
15. Merck MRK 119 [3]
16. McDonald's MCD 90 [1]
17. Cisco CSCO 94 [5.5]
18. Disney DIS 85.5 [2]
19. Bank of America BAC 87.5 [10.5]
20. Home Depot HD 81 [1.5]
21. United Technologies UTX 69 [1]
22. Kraft KFT 69 [2]
23. American Express AXP 66 [1]
24. Caterpillar CAT 57 [.5]
25. 3M MMM 60.5 [.5]
26. Boeing BA 54.5 [1]
27. DuPont DD 47.5 [1]
28. Hewlett-Packard HPQ 42 [2]
29. Travelers TRV 25 [.5]
30. Alcoa AA 9.5 [1]
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 6/20/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 6/14/12 8K re: sale of approx. $2 bil of notes
6/7/12 8K re completion of sale of AT&T Advertising Solutions to Cerebrus
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
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: 6/15/12 8K re: delinq. & write-off stats 3/31, 4/30 & 5/31/12
6/13/12 8K re: fin'l presentation of Vice-Chair Edward Gilligan
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
Bank of Am BAC: 5/25/12 8K re: repurchase of notes
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
Boeing BA: 5/3/12 8K re: amendment to bylaws reducing number of directors from 12 to 114/25/12 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: 6/20/12 8K re: 3 month dealer stats thru 5/12
6/18/12 8K re: amended by-laws re: date of annual stockholders meeting
6/14/12 8K re: election of Jon M. Huntsman, Jr. to Bd. of Dirs.
6/13/12 8K re: increase of quarterly div to 52 cents payable 8/20 to 7/20 record holders
5/17/12 8K re: 3 month dealer stats thru 4/12
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
Chevron CVX: 6/4/12 8K re: voting results from annual stockholders meeting
5/27/12 proxy re: recommendation to vote against all stockholder proposals
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 of 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 : 6/13/12 8K re: director's pre-arranged stock trading plan
5/23/12 10Q for quarter ended 4/28/12
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: 5/25/12 Proxy material re: 7/10 Special stockholders meeting
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
Disney DIS:6/11/12 8K re: $2.25 bil 5 year credit agreement
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: 6/1/12 8K re: voting results from annual shareholders meeting
5/16/12 proxy re: exec compensation
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: 6/12/12 8K re: election of Manjin Dekkers to Board of Dirs.
5/23/12 10Q/A amend 10Q for quarter ended 3/31/12
5/16/12 8K re: dividend of $475 mil from GECC to GE & increase of stock buyback program
5/9/12 10Q/A & 5/4/12 10Q for Qtr ended 3/31
4/30/12 8K amending employee 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: 6/8/12 10Q re: quarter ended 4/30/12
5/23/12 8K re: 2nd Qtr results
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: 5/24/12 10Q for quarter ended 4/29/12
5/22/12 8K re: voting results of 5/17 annual shareholders meeting
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: 5/22/12 8K re: voting results of annual stockholders meeting
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 stockholders meeting 5/17/12 8:30 am HQ, Santa Clara, CA
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
JPMorganChase JPM: 6/13/12 8K re: CEO Jamie Dimon's testimony before US Senate Comm on Banking
6/12/12 8K re: redemption of $9 bil in Trust Preferred Capital Securities
5/18/12 8K re: Annual Meeting of Shareholders' results
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
Johnson & Johnson JNJ : 6/14/12 8K re: completion of Synthes purchase for $19.7 cash/stock
6/12/12 8K re: repurchase of shares from Goldman Sachs & JPMorgan
6/8/12 8K re: special charge of $600 mil related to legal charges related to Risperdal, Invega & Naterecor
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
Kraft KFT: 6/18/12 8K re: Exchange Offer
6/8/12 8K re: on 6/26 KFT to trade on NASDAQ not NYSE
5/31/12 8K re: issuance of $6 bil of notes
5/24/12 8K re: amendment of bylaws to do away with share certificates as of 6/15
5/22/12 8K re: 5 year revolving credit contract
5/18/12 8K re: favorable IRS ruling on tax-free nature of spin-off
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.
McDonald's MCD: 6/18/12 8K re: stocks options to Donald Thompson CEO as of 7/1
6/11/12 8K re: May '12 sales
5/29/12 8K re: issuance of approx. $1 bil of notes
5/29/12 8K re: approval of officers' stock plan
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
Merck MRK: 5/25/12 8K re: voting results of 5/22 Annual meeting of shareholders
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: 6/18/12 8K re: Amendment to By-laws re: timing of Annual Meeting of Shareholders
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: 5/23/12 8K re: exec promotions
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 Independent Director
3/21/12 Proxy materials re: annual meeting of stockhodlers 5/8/12 10 am River Centre, St. Paul, Minn
Travelers TRV: 5/25/12 8K re: voting results of 5/23 Annual Meeting of Shareholders
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: 6/18/12 8K re: issuance of equity unites
6/1/12 8K re: issuance of $9.8 bil of notes
4/30/12 10Q for quarter ended 3/31
4/24/12 8K re: 1 qtr results
4/13/12 8K re: retirement 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: 6/4/12 8K re: voting results of Annual Meeting of Shareholders
6/1/12 10Q for quarter ended 4/30/12
5/17/12 8K re: operating results & guidance
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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