The Dow Jones Industrial Average closed Wednesday at 12,976.13 down 32.55 or 0.25% from Tuesday's close of 13,008.68. Of the 30 Dow components 12 gained, JPMorgan was unchanged and 17 declined. The biggest gainer dollar-wise was was Chevrons up 90 cents and percentage-wise was Travelers up .89%. The biggest decliner dollar-wise was Caterpillar down $1.56 and percentage-wise was Hewlett-Packard down 3.18%.
As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.21 down from Tuesday's trailing P/E ratio of 14.23 (year ago it was 13.30); Wednesday's P/E estimate is 12.45 unchanged from yesterday's P/E estimate of 12.45 (year ago it was 12.57) and today's dividend yield is 2.58 up from Tuesday's dividend yield of 2.57 (last year it was 2.5). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1,714.53 down 4.30 from Tuesday's closing numerator of 1,718.83. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $57.15 down 14 cents from Tuesday's average closing price of $57.29. The median closing price of Wednesday's Dow Jones Industrial Average was $50.80 (HD/DD) down 14 cents from Tuesday's median closing price of $50.94 (HD/DIS. The lowest volume was 3M and the highest volume again was Bank of America.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $430 ($171,883 - $171,453).
Wed. 4:58 pm MarketWatch.com by Kate Gibson says US stocks fell Wednesday after the Federal Reserve held
pat on monetary policy and paved the way to further stimulus, with
investors bracing for a gathering of European central bankers.“Today’s announcement was priced in; the markets got exactly what they
expected. The fireworks are tomorrow,” Jim Russell, chief equity
strategist for U.S. Bank Wealth Management, said of expected stimulus
from the European Central Bank after its meeting Thursday.The union’s poorest members, who once looked to joining the euro as a symbol of prestige, are now shunning the currency.The U.S. central bank refrained from further easing moves, but noted
economic activity had decelerated somewhat during the first half of the
year. “We feel that is an important acknowledgment by the Fed. We want the Fed
to see what we are seeing, it opens up their ability to address with
monetary policy, aggressively with scale,” said Russell. The Dow Jones Industrial Average
DJIA
-0.25%
retreated 32.55 points, or 0.3%, to 12,976.13.
The S&P 500 index
SPX
-0.29%
lost 4 points, or 0.3%, to 1,375.32, with energy the best performing and utilities the worst of its 10 major industry sectors.The Nasdaq Composite
COMP
-0.66%
fell 19.31 points, or 0.7%, to 2,920.21.Decliners outpaced advancers roughly nine to five on the New York Stock
Exchange, where composite volume topped 4.3 billion. Nasdaq’s composite
volume edged past 1.7 billion.Early trading was marked by unusual volumes and large swings in many large-cap stocks. NYSE Euronext’s
NYX
-2.16%
New York Stock Exchange said it was probing trades in 140 stocks, including Citigroup Inc.
C
-1.29%
, Bank of America Corp.
BAC
-1.63%
, Ford Motor Co.
F
-1.63%
and American International Group Inc.
AIG
-1.38%
. It eventually said it would cancel trades in six smaller cap stocks. Shares of market-maker Knight Capital Group Inc.
KCG
-32.82%
, which said a technology glitch led to routing problems for about 150 stocks, ended down 33%. Compared to the Fed, the expectation bar is far higher for Thursday’s
European Central Bank meeting in the wake of comments last week. German
Chancellor Angela Merkel and French President Francois Hollande echoed
ECB President Mario Draghi in pledging to do whatever it takes to
protect the euro. “We got a very constructive and positive reaction from the markets on
Thursday and Friday last week, and now the markets are expecting
follow-through,” said Russell of U.S. Bank Wealth Management.Investors sent stocks lower after the Federal Reserve held back
from announcing any new stimulus measures. Paul Vigna has details on The
News Hub. Photo: Getty Images.“If we don’t get it, the markets are possibly set up for
disappointment,” he said. “That is frankly why on Monday, Tuesday and
Wednesday, [the markets] have done nothing but go sideways.”Art Hogan, equity strategist at Lazard Capital Markets LLC, said:
“They’ll have to produce something; promising to do whatever is needed
and that it will be enough is a difficult act to follow.” He was
referring to statements last week by ECB President Mario Draghi.Wednesday U.S. economic reports included better-than-expected data on
the labor market, which boosted optimism ahead of the government’s
nonfarm payrolls data due on Friday. ADP Employer Services said
companies added 163,000 jobs in July compared to a revised 172,000 in
June. “The interesting one would be the ADP employment change, ISM [the
Institute for Supply Management] was a little lower, but nothing
surprising,” said Matt Lloyd, chief investment strategist at Advisors
Asset Management.For Lloyd, an uncertain climate has curbed hiring, but the underlying
trends are largely positive, with average hours worked rising. Companies
are using a “flexible labor pool, where they aren’t hiring that much,
but working employees longer,” he said.Lazard’s Hogan said: “ADP was better than expected, but it also was last month and we still got a bad nonfarm payrolls report.”The Institute for Supply Management’s manufacturing index remained under
the 50% level for a second month. That was a cause for concern for
Mickey North Rizza, vice president of strategic services at supply
management consultant BravoSolution: “Portions of the industry are doing
fairly well, and others are not. Everything is in a holding pattern.”
Wednesday'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 Wed. morning's Blog.
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Tuesday's stock prices and related data in alphabetical order.
Dow Jones Average The Dow Jones Industrial Average closed Tuesday at 13,008.68 down 64.33 or 0.49% from Monday's close of 13,073.01. For the year the Dow is up 6.48%. Of the 30 Dow components 9 gained and 21 declined. The biggest gainer dollar-wise was AT&T up 49 cents and percentage-wise was Pfizer up 1.39%. The biggest decliner dollar-wise was Kraft down $1.48 and percentage-wise was Home Depot down 2.01%.
WSJ pC4 "Dow falls for day but gains 1% for July" by Chris Dieterich says the Dow fell as ivnestors looked past positive economic signals in anticipation of the Fed's policy setting statement due today. The subdued trading kept the average in its tightest range in 2 months, though the Dow still ended July with their ninth monthly advances in 10 months. Pfizer rose 33 cents after its 2Q earnings beat expectations as lower expenses countered falling sales of Lipitor. Pfizer is charted under Good News.
USA Today p4B "Stocks dip on uncertainty about what Fed will do today" by Bloomberg says stocks fell Tues as investors awaited today's Fed Res decision about monetary policy. Pfizer ws up 33 cents as it said it would file in mid Aug to sell up to 20% of its animal health unit in an IPO and its profits beat analyst estimates due to cost cutting.
NYTimes pB9 "With crucial enws imminent traders hold back" by AP says stocks ended lower Tues as investors held back ahead of 3 events this week: policy meetings at the Red and the European Central bank and a report on US jobs.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Inv. Bus. Daily pB4 "Stocks extend mild losing streak as vol increases" by Victor Reklaitis says stocks took a step back for a 2nd day in a row Tues but closed with only modest losses. Tuesday's action was down in higher turnover while the current outlook is still a confirmed uptrend.
Tuesday's Dow Jones Industrial Average closing numerator was 1,718.83 down 8.50 from Monday's closing numerator of 1,727.33. 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 Tuesday's Dow Jones Industrial Average was $57.29 down 29 cents from Monday's average closing price of $57.58. The median closing price of Tuesday's Dow Jones Industrial Average was $50.94 (HD/DD) down 56 cents from Monday's median closing price of $51.50 (HD/DIS. The lowest volume was 3M and the highest volume again was Bank of America.
If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $850 ($172,768 - $171,883).
MarketWatch
Tues. 4:47
MarketWatch.com by Kate Gibson says U.S. stocks fell Tuesday, trimming a
second month of gains,
as investors worried central banks would not come through with enough
stimulus to bolster the global economy.“There’s a lot more coming down
the pipe here: the Federal Reserve
policy meeting, then the European Central Bank, and job numbers at the
end of the week,” said Scott Brown, chief economist at Raymond James
& Associates.“Europe lumbers from crisis to crisis,” said Brown
of the European Central Bank meeting in two days. “They do enough to
postpone things for a couple of months, and it gets
pushed to the back burner but doesn’t come off the stove. Now there is a
lot riding on what the [ECB] does Thursday.” The U.S. Federal Reserve
and European Central Bank face critical
tests this week amid heightened expectations that they are moving toward
new actions to tackle fragility in the global economy. On Wednesday,
the Federal Reserve finishes a two-day policy session,
with many skeptical of how much impact the central bank can have.“The
forecasts are 50-50 as to whether they’ll announce another easing
program of some sort. But they can’t fix the fiscal situation and what
is going on in Europe,” said Brad Sorensen, director of market and
sector research at Charles Schwab. The Dow Jones Industrial Average
DJIA
-0.49%
fell 64.33 points, or 0.5%, to 13,008.68, up 1% month-to-date. The
index posted its ninth monthly gain in 10. The S&P 500 index
SPX
-0.43%
lost 5.98 points, or 0.5%, to 1,379.32, giving it a 1.3% rise from the end of June. The Nasdaq Composite
COMP
-0.21%
shed 6.32 points, or 0.2%, to 2,939.52, leaving it with a 0.2% gain
for July. For every stock advancing roughly three fell on the New York
Stock
Exchange, where composite volume neared 3.8 billion. Composite volume
for Nasdaq-listed shares came close to 1.8 billion. The euro region has
two options: become more fiscally unified or break apart, said Sorensen
at Charles Schwab.European central banks and some leaders have
reiterated that the
17-nation union is staying together, “but already we’re seeing comments
out of Germany indicating we’re not willing to go down that path without
serious concessions from other countries. When it actually comes down
to it, one country does not want to bail out another,” said Sorensen.
“The Germans want the big bazooka kept on the sidelines,” Peter
Boockvar, equity strategist at Miller Tabak, wrote in an email.Bloomberg
News reported the German Finance Ministry said it did not see
any need to give the European Stability Mechanism a bank license.And
CNBC quoted an unidentified official from the German Bundesbank that
monetary policy should focus on price stability, while fiscal troubles
among member states should be addressed by fiscal tools such as the
rescue fund, or European Financial Stability Facility. U.S. consumer
confidence in July climbed for the first rise in six
months as Americans grew more hopeful about employment prospects in six
months, the Conference Board said. “Consumer confidence continues to
muddle along; lower energy prices have
helped a little bit. Also the housing market: there’s a rebound there,
although not substantial,” said Sorensen. Tuesday’s U.S. economic
reports also included data from the Commerce
Department showing consumer purchases slowed in June, while wages rose.
“It’s not like spending is falling off a cliff, but indicates consumers
are still pretty cautious,” said Schwab’s Sorensen.Separately, the
S&P/Case-Shiller index of U.S. home values indicated housing
prices are steadying.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: WSJ pB3 "Lead bid emerges in T-Mobile tower sale" by Anupreetas Das says T-Mobile USA is selling towers for $2 bil which efforts began after AT&T, No. 2 wireless carrier in US behind Verizon Wireless dropped its $39 bil bid to buy T-Mobile.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Alcoa: Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
American Express: No mentions found.
Bank of America: WSJ pC14 "Oveheard" says Bank of America says its strategy for '12 would be focus on the top fifth of clients and JPMOrgan says most customers with less than $100,000 in assets aren't profitable.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: NYT pB2 "Judge in Chevron case declines to reject award" by Bloomberg says a NY fed judge rejected efforts to reject an $18.2 bil judgment by an Ecuadorean court unenforceable but left an injunction against the award in place pending further litigation.
Cisco: No mentions found.
Coke: AJC pA18 "How new diet sodas stack up" by Candice Choi AP says Coke and others have worked to come up with sodas that have fewer calories due to concern about the nation's obsesity rates.
Disney: No mentions found.
DuPont: WSJ pC1 "Genetically modified tires" by Bob Tita says genetically modified corn stalks are punturing tires so DuPont's Kevlar is being used in tires to prevent puntures.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Exxon: No mentions found.
GE: No mentions found.
Hewlett-Packard: No mentions found.
Home Depot: WSJ pB7 "Lowe's rebuffed by Canadian rival" by Joan Solsman says Lowe's trails US sector leader Home Depot in the US.
Intel: No mentions found.
IBM: Fin Times Spec. Report p3 "Elementary my dear Watson" by April Dembosky says IBM's Watson is now being used to combat cancer and do other great things.
JPMorgan: WSJ pC14 "Oveheard" says Bank of America says its strategy for '12 would be focus on the top fifth of clients and JPMOrgan says most customers with less than $100,000 in assets aren't profitable.
Johnson & Johnson: No mentions found.
Kraft: No mentions found.
McDonald's: Fin Times Spec. Rprt p4 "Lifestyle conditions increase the pain for medical systems" by andrew Jack revisits the controversy over whether McDonald's and Coke should be allowed to be sponsors of the Olympics.
Merck: No mentions found.
Microsoft: WSJ pB1 "Microsoft reboots hotmail as Outlook.com" by Shira Ovide, Fin Times p16 "Microsoft looks to get back in touch with email service" by Chris Nuttall, Inv. Bus. Daily pA2 "Microsoft" say Microsoft is phasing out Hotmail email service in favor a Outlook.
Pfizer: WSJ pB4 "Pfizer's cost cuts offset loss of Lipitor" by Peter LOftus, NYT pB2 "Cost cutting helps Pfizer beat analysts' expectations" by AP, Inv. Bus. Daily pA4 "Pfizer posts an unexpected Q2 profit" by Amy Reeves say for the 3 months ended 7/1 Pfizer's profit was $3.25 bil or 43 cents a share vs $2.61 bil or 33 cents a year ago. Sales of Lipitor were down 53% to $1.122 bil.
WSJ pC4 "Dow falls for day but gains 1% for July" by Chris Dieterich says the Dow fell as ivnestors looked past positive economic signals in anticipation of the Fed's policy setting statement due today. The subdued trading kept the average in its tightest range in 2 months, though the Dow still ended July with their ninth monthly advances in 10 months. Pfizer rose 33 cents after its 2Q earnings beat expectations as lower expenses countered falling sales of Lipitor. Pfizer is charted under Good News.
USA Today p4B "Stocks dip on uncertainty about what Fed will do today" by Bloomberg says stocks fell Tues as investors awaited today's Fed Res decision about monetary policy. Pfizer ws up 33 cents as it said it would file in mid Aug to sell up to 20% of its animal health unit in an IPO and its profits beat analyst estimates due to cost cutting.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: WSJ pB3 "Lead bid emerges in T-Mobile tower sale" by Anupreetas Das says T-Mobile USA is selling towers for $2 bil which efforts began after AT&T, No. 2 wireless carrier in US behind Verizon Wireless dropped its $39 bil bid to buy T-Mobile.
USA Today p1B "Verizon settles FCC investigation" says the FCC is accepting a $1.25 mil settlement from Verizon Wireless to end a probe into whether it asked Google to withhold tethering software for itnernet sharing.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Walmart: No mentions found.
Tuesday's Closing Dow Numbers:Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: WSJ pB3 "Lead bid emerges in T-Mobile tower sale" by Anupreetas Das says T-Mobile USA is selling towers for $2 bil which efforts began after AT&T, No. 2 wireless carrier in US behind Verizon Wireless dropped its $39 bil bid to buy T-Mobile.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Alcoa: Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
American Express: No mentions found.
Bank of America: WSJ pC14 "Oveheard" says Bank of America says its strategy for '12 would be focus on the top fifth of clients and JPMOrgan says most customers with less than $100,000 in assets aren't profitable.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: NYT pB2 "Judge in Chevron case declines to reject award" by Bloomberg says a NY fed judge rejected efforts to reject an $18.2 bil judgment by an Ecuadorean court unenforceable but left an injunction against the award in place pending further litigation.
Cisco: No mentions found.
Coke: AJC pA18 "How new diet sodas stack up" by Candice Choi AP says Coke and others have worked to come up with sodas that have fewer calories due to concern about the nation's obsesity rates.
Disney: No mentions found.
DuPont: WSJ pC1 "Genetically modified tires" by Bob Tita says genetically modified corn stalks are punturing tires so DuPont's Kevlar is being used in tires to prevent puntures.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Exxon: No mentions found.
GE: No mentions found.
Hewlett-Packard: No mentions found.
Home Depot: WSJ pB7 "Lowe's rebuffed by Canadian rival" by Joan Solsman says Lowe's trails US sector leader Home Depot in the US.
Intel: No mentions found.
IBM: Fin Times Spec. Report p3 "Elementary my dear Watson" by April Dembosky says IBM's Watson is now being used to combat cancer and do other great things.
JPMorgan: WSJ pC14 "Oveheard" says Bank of America says its strategy for '12 would be focus on the top fifth of clients and JPMOrgan says most customers with less than $100,000 in assets aren't profitable.
Johnson & Johnson: No mentions found.
Kraft: No mentions found.
McDonald's: Fin Times Spec. Rprt p4 "Lifestyle conditions increase the pain for medical systems" by andrew Jack revisits the controversy over whether McDonald's and Coke should be allowed to be sponsors of the Olympics.
Merck: No mentions found.
Microsoft: WSJ pB1 "Microsoft reboots hotmail as Outlook.com" by Shira Ovide, Fin Times p16 "Microsoft looks to get back in touch with email service" by Chris Nuttall, Inv. Bus. Daily pA2 "Microsoft" say Microsoft is phasing out Hotmail email service in favor a Outlook.
Pfizer: WSJ pB4 "Pfizer's cost cuts offset loss of Lipitor" by Peter LOftus, NYT pB2 "Cost cutting helps Pfizer beat analysts' expectations" by AP, Inv. Bus. Daily pA4 "Pfizer posts an unexpected Q2 profit" by Amy Reeves say for the 3 months ended 7/1 Pfizer's profit was $3.25 bil or 43 cents a share vs $2.61 bil or 33 cents a year ago. Sales of Lipitor were down 53% to $1.122 bil.
WSJ pC4 "Dow falls for day but gains 1% for July" by Chris Dieterich says the Dow fell as ivnestors looked past positive economic signals in anticipation of the Fed's policy setting statement due today. The subdued trading kept the average in its tightest range in 2 months, though the Dow still ended July with their ninth monthly advances in 10 months. Pfizer rose 33 cents after its 2Q earnings beat expectations as lower expenses countered falling sales of Lipitor. Pfizer is charted under Good News.
USA Today p4B "Stocks dip on uncertainty about what Fed will do today" by Bloomberg says stocks fell Tues as investors awaited today's Fed Res decision about monetary policy. Pfizer ws up 33 cents as it said it would file in mid Aug to sell up to 20% of its animal health unit in an IPO and its profits beat analyst estimates due to cost cutting.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
Verizon: WSJ pB3 "Lead bid emerges in T-Mobile tower sale" by Anupreetas Das says T-Mobile USA is selling towers for $2 bil which efforts began after AT&T, No. 2 wireless carrier in US behind Verizon Wireless dropped its $39 bil bid to buy T-Mobile.
USA Today p1B "Verizon settles FCC investigation" says the FCC is accepting a $1.25 mil settlement from Verizon Wireless to end a probe into whether it asked Google to withhold tethering software for itnernet sharing.
Fin Times p22 "Facebook plunges to all time low taking loss to 42.9% since launch" by Martha Poon says Nasdaq decreased 0.2% but posted a monthly gain of that amount. Overall US equities pointed lower ahead of the central bank policy meetings this week. AT&T rose 1.3% while Verizon added 0.4%. Pfizer added 1.4% as it reported good results. The weak momentum of firms such as Acloa and DuPont weighted on the Dow. Alcoa reported weak results earlier this month but was up 0.2%. DuPont was up 0.1% as investors worred about slowing global demand.
Walmart: No mentions found.
| 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 Donald 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 7/23/12 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 245.5 [8.5]
3.WalMart WMT 244 [3.5]
4. IBM 220 [1]
5. Chevron CVX 212.5 [2]
6. GE 212 [10.5]
7. AT&T T 206.5 [6]
8. Johnson & Johnson JNJ 186.5 [3]
9. Pfizer PFE 176.5 [7.5]
10. Procter & Gamble PG 176 [3]
11. Coke KO 173 [2.5]
12. Merck MRK 131.5 [3]
13. JPMorgan Chase JPM 130.5 [4]
14. Intel INTC 126.5 [5]
15. Verizon VZ 126 [3]
16. McDonald's MCD 91 [1]
17. Cisco CSCO 86 [5.5]
18. Disney DIS 85.5 [2]
19. Home Depot HD 78 [1.5]
20. Bank of America BAC 76 [10.5]
21. Kraft KFT 69.5 [2]
22. United Technologies UTX 67 [1]
23. American Express AXP 64 [1]
24. 3M MMM 62 [.5]
25. Boeing BA 54.5 [1]
26. Caterpillar CAT 53 [.5]
27. DuPont DD 45.5 [1]
28. Hewlett-Packard HPQ 36 [2]
29. Travelers TRV 24 [.5]
30. Alcoa AA 8.5 [1]
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 7/23/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 6/29/12 8K re: election of Scott F. Ford as Director
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
Alcoa AA: 7/13/12 8K re: Transcript of 2Q earnings call
7/10/12 8K re: 2Q results
5/10/12 8K re: Results of Annual Shareholders Meeting
5/8/12 8K re: Sustainability Highlights Report
American Express AXP: 7/20/12 8K re: election of David L. Vasella (Chairman of Bd. of Novartis) as Director
7/18/12 8K re: 2Q results
7/16/12 8K re: cedt stats through 6/30/12
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
Bank of Am BAC: 7/18/12 8K re: 2Q results
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
Boeing BA: 6/26/12 8K re: selection of Raymond L. Conner to replace Jim Albaugh as Pres/CEO of Boeing Comm'l Airplanes
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
Caterpillar CAT: 6/26/12 8K re: safety problems at Wyoming mine
6/25/12 8K re: underwriting agreement re: issuance of $1.5 bil of debt
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
Chevron CVX: 7/11/12 8K re: guidance for 2Q
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
Cisco CSCO : 6/27/12 8K re; execs' pre-arranged stock trading plan
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
Coke KO: 7/17/12 8K re; 2Q results
7/10/12 8K re: approval of shareholders for stock split
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
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
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
GE: 7/20/12 8K re: 2Q results
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
Hewlett-Packard HPQ: 6/8/12 10Q re: quarter ended 4/30/12
5/23/12 8K re: 2nd Qtr results
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: 7/18/12 2 8Ks re: 2Q results
7/9/12 8K re; purchase of 10% of ASML for $2.1 bil
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
IBM: 7/19/12 & 7/18/12 8Ks re: 2Q results
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
JPMorganChase JPM: 7/13/12 8K re: 2Q results
7/13/12 8K re: restatement of 1Q results
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
Johnson & Johnson JNJ : 7/20/12 8K re: settlement of shareholder deriv case in US Dist CT NJ
7/17/12 8K re: 2Q results
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
Kraft KFT: 7/18/12 & 7/17/12 & 7/2/12 8Ks re: successful exchange of notes
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.
McDonald's MCD: 7/23/12 8K re; 2Q results
7/20/12 8K re: various amendments to By-laws
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.
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
Microsoft MSFT: 7/19/12 8K re: 4Q & full year results
7/2/12 8K re: write-down to Online Services Div
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: sale of Nutrition business to Nestle for $11.85 bil
Procter & Gamble PG: 7/18/12 8K re: Board proclaims support for CEO Bob McDonald
7/10/12 8K re: quarterly dividend of 0.562 cents per share
6/20/12 8K re: Deutsche Bank Conference Reg. FD disclosures
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
3M MMM: 6/26/12 8K re: issuance of $1.25 bil of notes
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
Travelers TRV: 7/19/12 10Q & 7/19/12 8K re: results of quarter ender 6/30/12
5/25/12 8K re: voting results of 5/23 Annual Meeting of Shareholders
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: 7/19/12 Form S-3 re: registration of 29,750,000 shares
7/19/12 & 7/18/12 8Ks re: 2Q results
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. END
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