The Dow Jones Industrial Average closed Monday at 13,424.23 up 95.38 or 0.72 % from Friday's close of 13,328.25. Of the Dow components 5 gained and 25 declined. The biggest gainer dollar-wise was Walmart up $1.34 and percentage-wise was Bank of America up 3.51%. The biggest decliner dollar-wise and percentage-wise was AT&T down 42 cents and 1.18%.
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 0.130216081. Monday's trailing P/E ratio is 14.52 up from Saturday's trailing P/E ratio of 14.51 (year ago it was 12.98); Monday's P/E estimate is 12.62 down from Saturday's P/E estimate of 12.79 (year ago it was 11.70) and Monday's dividend yield is 2.55 unchanged from Saturday's dividend yield of 2.55 (last year it was 2.66). 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 1,748.05 up 12.50 from Friday's closing numerator of 1,735.55. 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 (0.130216081) you get the increase in today's Dow. A dollar increase or decrease in a Dow stock results in a $7.68 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $58.27 up 42 cent from Friday's closing numerator of $57.85. The median closing price of Monday's Dow Jones Industrial Average was $54.14 (DIS/UNH) up 30 cents from Friday's median closing price of $53.84 (DIS/UNH). 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 or dividends) and sold at the close you would have made $1,250 ($174,810 - $173,555).
MarketWatch.com Mon. 10/15/12 4:54 pm by Wallacke Witkowsi & Polya Lesova says US stocks
closed higher on Monday, buoyed by strength in the health-care and bank sectors after data showed some improvement in the economy and Citigroup Inc. reported core earnings that topped analyst expectations.
The Dow Jones Industrial Average
DJIA
+0.72%
climbed 95.38 points, or 0.7%, to 13,424.23, posting its second daily
gain in a row, with 25 of its 30 components trading higher. Shares of Bank of America Corp.
BAC
+3.51%
led the index with a 3.5% gain, followed by Merck & Co.
MRK
+2.13%
with a 2.1% gain. AT&T Inc.
T
-1.18%
, which closed down 1.2%, was the biggest weight on the Dow 30.Health-care stocks led gains in the S&P 500, with shares of Eli Lilly & Co.
LLY
+4.12%
rallying 4.1%. The drugmaker released positive results for a late-stage study of a gastric cancer drug. Leerink Swann also raised its rating on Lilly to outperform from market
perform. Other positive moves in big pharma came from Abbott
Laboratories
ABT
+4.00%
, with shares closing up 4%, and Bristol-Myers Squibb Co.
BMY
+2.54%
, with shares up 2.5%. Biotech giant Amgen Inc.
AMGN
+2.64%
saw its shares close up 2.6%.
Softbank takes over Sprint for $20 billion.The S&P 500 Index
SPX
+0.81%
rose 11.54 points, or 0.8%, to 1,440.13, with health care the best performing sector and telecom the worst.After a wobbly start at the opening bell, gains in the market started to
stick once pressure on energy stocks started easing, said Dan
Greenhaus, chief global strategist at BTIG. “The better question is why commodities are down in general,” Greenhaus
said, noting the release of decent retail sales data and strong Chinese
export data over the weekend.Oil for November delivery
CLX2
-0.24%
, which had dipped below $90 a barrel at one point during the session,
settled down 1 cent at $91.85 a barrel on the New York Mercantile
Exchange.
Gold for December delivery
GCZ2
-1.19%
settled down 1.3% at $1,737.60 an ounce.Retail sales jumped 1.1% in September.“Those economic reports don’t knock your socks off but they’re
indicative of positive economic growth,” said Mark Luschini, chief
investment strategist at Janney Montgomery Scott.
Financial stocks were the second-best performing sector on the S&P 500. Shares of Citigroup Inc.
C
+5.50%
closed up 5.5%, making the bank the top gainer in the S&P 500. The
bank said its third-quarter profit slumped 88% to $468 million, but its
core earnings of $1.06 a share topped estimates, with analysts polled by
Thomson Reuters forecasting 96 cents a share. In deal news, Japan’s Softbank Corp.
JP:9984
-5.30%
said Monday it will buy 70% of Sprint Nextel Corp.
S
-0.70%
in a deal valued at around $20 billion. Shares of Sprint fell 0.7%. The Nasdaq Composite Index
COMP
+0.66%
rose 20.07 points, or 0.7%, to close at 3,064.18, snapping its six-day losing streak. Shares of Texas Instruments Inc.
TXN
+3.45%
and Microsoft Corp.
MSFT
+1.06%
closed up 3.5% and 1.1%, respectively.
For every one stock declining on the New York Stock Exchange two
advanced. Volume on the exchange was just over 618 million shares by the
close. Advancers also outnumbered decliners two to one on the Nasdaq.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 | |||
| MCD | | NYSE | |||
| MRK | | NYSE | |||
| MSFT | | NASDAQ-GS | |||
| PFE | | NYSE | |||
| PG | | NYSE |
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UNH | | 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 & 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 Average: The Dow Jones Industrial Average closed Friday at 13,328.25 up 2.46 or 0.02 % from Thursday's close of 13,326.39. For the week the Dow is down 281.90 or 2.07% from last Friday's close of 13,610.15. For the year the Dow is up 9.10%. Of the Dow components 12 gained and 18 declined. The biggest gainer dollar-wise was IBM up $1.88 and percentage-wise was Boeing up 1.48%. The biggest decliner dollar-wise was Chevron down 89 cents and percentage-wise was Bank of America down 2.3 %.
IBD pB8 "Stocks stumble last week, worst showing in 4 months" by Paul Whitfield says stocks sauntered to modest losses Fri as they added to their biggest weekly decline in more than 4 months. Quarterly reports from Wells and JPMorgan disappointed despite earnings beats. In the coming week the reports will pick up speed. The Street awaits data from IBM and Coca-Cola.
Friday's Dow Jones Industrial Average closing numerator was 1,735.55 up 0.24 from Thursday's closing numerator of 1,735.31. 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 (0.130216081) you get the increase in today's Dow. A dollar increase or decrease in a Dow stock results in a $7.68 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $57.85 up 1 cent from Thursday's closing numerator of $57.84. The median closing price of Friday's Dow Jones Industrial Average was $53.84 (DIS/UNH) down 18 cents from Thursday's median closing price of $54.02 (DIS/UNH). The lowest volume was Travelers and the highest volume again was Bank of America.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $24 ($173,555 - $173,531).
MarketWatch.com Fri. 10/12/12 4:15 pm by Kate Gibson says US stocks indexes on Friday closed their worst week in four months nearly unchanged, with the market stalling again as worries about Europe overcame an unexpected rise in U.S. consumer confidence. "On the European side, they still have to figure out their fiscal issues, and we're deep into earnings," said Bill Stone, chief investment strategist at PNC Asset Management Group. The Dow Jones Industrial Average DJIA+0.02% added 2.46 points to 13,328.85, off 2.1% for the week. The S&P 500 index SPX-0.30% shed 4.25 points, or 0.3%, to 1,428.59, leaving it down 2.2% from the week-ago close. The Nasdaq Composite COMP-0.17%declined 5.3 points, or 0.2%, to 3,044.11.
Monday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: NYT pB3 "Sprint said to be infal stages of selling most of itself to SoftBank of Japan" by Michael J. de la Merced< WSJ pB1 "Softbank nears deal for stake in Sprint" by Anupreeta Das say this deal would give Sprint more cash to compete with Verizon & AT&T.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
Barron's p16 "Week review" says derivatives are concentrated in 4 banks: JPMorgan, Citigroup, Bank of America and Goldman Sachs so rules are needed to get risky derivatives out of federally insured banks. JPMorgan had a record quarterly profit and Jamie Dimon said housing turned the corner.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Boeing: No mentions found.
Caterpillar: IBD pB2 "google pauses as most stocks in IBD 50 hold or test support" by Alan R. Elliott says leading stocks behaved well as the market nosed down into correction mode & as blue chips like Chevron, Caterpillar and Home Depot crumbled.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Chevron: IBD pB2 "google pauses as most stocks in IBD 50 hold or test support" by Alan R. Elliott says leading stocks behaved well as the market nosed down into correction mode & as blue chips like Chevron, Caterpillar and Home Depot crumbled.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Cisco: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Coke: Fin Times p20 "Soft drinks giants losing their fizz" says Coke and Pepsi reports earnigns tomorrow at a time when consumption continues to decline and regulators are on the prowl.
WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
IBD pB8 "Stocks stumble last week, worst showing in 4 months" by Paul Whitfield says stocks sauntered to modest losses Fri as they added to their biggest weekly decline in more than 4 months. Quarterly reports from Wells and JPMorgan disappointed despite earnings beats. In the coming week the reports will pick up speed. The Street awaits data from IBM and Coca-Cola.
Barron's "Week preview" says on Tuesday Intel and Coke reports earnings.
Disney: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
DuPont: No mentions found.
Exxon: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
GE: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Hewlett-Packard: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Home Depot: IBD pB2 "google pauses as most stocks in IBD 50 hold or test support" by Alan R. Elliott says leading stocks behaved well as the market nosed down into correction mode & as blue chips like Chevron, Caterpillar and Home Depot crumbled.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Intel: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
Barron's "Week preview" says on Tuesday Intel and Coke reports earnings.
IBM: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
IBD pB8 "Stocks stumble last week, worst showing in 4 months" by Paul Whitfield says stocks sauntered to modest losses Fri as they added to their biggest weekly decline in more than 4 months. Quarterly reports from Wells and JPMorgan disappointed despite earnings beats. In the coming week the reports will pick up speed. The Street awaits data from IBM and Coca-Cola.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
JPMorgan: IBD pA1 "JPMorgan and Wells beat profit views as housing revives" by Kevin harlin says JPMorgan the largest US bank and Wells Fargo on Ri reported better than expected Q3 earnings growth on an iprovinghousing markets but JPMorgan 1%. JPM had eps of $1.40 up 37% vs a year ago. Net rev grew 6% to $25.86 bil vs expectations of $1.24 on rev of $24.53 bil.
Barron's pM6 "Charting the Market" charts JPMorgan.
IBD pB2 "Weekly top 10" JPMoran upbeat on housing" says Jamie Dimon said housing "turned the corner." in comments last week.
IBD pB8 "Stocks stumble last week, worst showing in 4 months" by Paul Whitfield says stocks sauntered to modest losses Fri as they added to their biggest weekly decline in more than 4 months. Quarterly reports from Wells and JPMorgan disappointed despite earnings beats. In the coming week the reports will pick up speed. The Street awaits data from IBM and Coca-Cola.
Barron's p16 "Week review" says derivatives are concentrated in 4 banks: JPMorgan, Citigroup, Bank of America and Goldman Sachs so rules are needed to get risky derivatives out of federally insured banks. JPMorgan had a record quarterly profit and Jamie Dimon said housing turned the corner.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Johnson & Johnson: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
McDonald's: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
Merck: No mentions found.
Microsoft: NYT pB1 "New push by Microsoft into music" by Nick Wingfield, USAT p2B "Microsoft cranks up music battle" by Mike Snider say Microsoft is pushing the play button on a new music initiative to take on iTunes & streaming services such as Spotify. Under the umbrella of Xbox Music, which will coincide witht he 10/26 launch of Windows 8 op system, Microsoft will launch a streaming service that is free on Windows 8 PCs & tablets, a music subscription service & a music stores that sells albums & tracks 99 cents to $1.29 each.
WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Pfizer: No mentions found.
Procter & Gamble: Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
3M: WSJ pC5 appears 3M's tombstone of Notice of Offer to Purchase all shares of Ceradyne at $35 per share.
T ravelers: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
UnitedHealth: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
United Technologies: No mentions found.
Verizon: WSJ pC2 "The ticker", NYT p2B "Looking ahead" say on Tues. Coke reports earnings with expected eps of 51 cents vs. 52 cents a year ago, alos on Tues is Intel (.50/.65), IBM $3.61/$3.28), Johnson & Johnson ($1.21/$1.24), & UnitedHealth ($1.34/$1.17); on Wed. Bank of America reports (.70/.56); on Thursday Microsoft (.59/.68), Travelers ($1.55/0.79) & Verizon (.65/.56) and on Friday GE (.36/.31) & McDonald's ($1.48/$1.45).
NYT pB3 "Sprint said to be infal stages of selling most of itself to SoftBank of Japan" by Michael J. de la Merced< WSJ pB1 "Softbank nears deal for stake in Sprint" by Anupreeta Das say this deal would give Sprint more cash to compete with Verizon & AT&T.
Barron's p27 "almost there" by Andrew Bary says at 13,329 the Dow is closing in on its peak of 14,164.53 reached on Oct. 9, '07 & is being driven by IBM, Home Depot and McDonald's and GE. IBM, Exxon, Disney, Caterpillar and Travelers are some Dow components with ample ability to boost their dividends. Chevron, Cisco, Bank of America, Travelers and UnitedHealth joined the Dow since '07. No Dow component trades at more than 20 times estimated '13 profits and six have single digit P/Es: JPMorgan, Chevron, Caterpillar, Microsoft, Cisco and Hewlett-Packard. Some of the high P/E Dow stocks are Home Depot, Verizon and Procter & Gamble. Home Depot may already discount an upturn in housing while Verizon's P/E is high historically at a time when its core wire line biz remains under pressure.
Walmart: IBD pB2 "Weekly top 10" Costco beats, Walmart upbeat" says Walmart was upbeat about its small format expansion.
Barron's pM13 "Catching up to Walmart" by Steven Sears says Walmart's stock is hitting new highs and the author thinks the rally is just getting started as Walmart can increase rev and dividends. Walmart may operate ore than 500 Neighborhood Markets by '15 with more than $10 bil in new sales.
Friday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
| T | | NYSE | |||
| AA | | NYSE | |||
| AXP | | NYSE | |||
| BAC | | NYSE | |||
| BA | | NYSE | |||
| CAT | | NYSE | |||
| CVX | | NYSE | |||
| CSCO | | NASDAQ-GS | |||
| KO | | NYSE | |||
| DIS | | NYSE | |||
| DD | | NYSE | |||
| XOM | | NYSE | |||
| GE | | NYSE | |||
| HPQ | | NYSE | |||
| HD | | NYSE | |||
| INTC | | NASDAQ-GS | |||
| IBM | | NYSE | |||
| JPM | | NYSE | |||
| JNJ | | NYSE | |||
| MCD | | NYSE | |||
| MRK | | NYSE | |||
| MSFT | | NASDAQ-GS | |||
| PFE | | NYSE | |||
| PG | | NYSE |
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UNH | | 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)
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)
UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)
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 10,4/12 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 $426.5 [4.5]
2. Microsoft MSFT 252 [8.5]
3.WalMart WMT 251 [3.5]
4. GE 242.5 [10.5]
5. IBM 240.5 [1]6. Chevron CVX 230 [2]
7. AT&T T 221 [6]
8. Procter & Gamble PG 191.5 [3]
9. Johnson & Johnson JNJ 191 [3]
10. Pfizer PFE 189.5 [7.5]
11. Coke KO 172.5 [4.5]
12. JPMorgan Chase JPM 159 [4]
13. Merck MRK 140.5 [3]
14. Verizon VZ 134.5 [3]
15. Intel INTC 112.5 [5]16. Cisco CSCO 100 [5.5]
17. Disney DIS 94.5 [2]
18. Home Depot HD 93 [1.5] 19. McDonald's MCD 92 [1]
20. Bank of America BAC 101.5 [10.5]
21. United Technologies UTX 71.5 [1]
22. American Express AXP 66 [1]
23. 3M MMM 65 [.5]
24. UnitedHealth UNH 60 [1]
25. Caterpillar CAT 56 [.5]
26. Boeing BA 52.5 [1]
27. DuPont DD 46.5 [1]
28. Hewlett-Packard HPQ 29.5 [2]
29. Travelers TRV 26.5 [.5]
30. Alcoa AA 9.5 [1]
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 10/4/12:
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
Alcoa AA: 10/3/12 8K re: EPA remedial plan for Grasse River
7/26/12 10Q for quarter ended 6/30/12
7/13/12 8K re: Transcript of 2Q earnings call
7/10/12 8K re: 2Q results
American Express AXP: 10/1/12 8K re: settlement re: U.S. card practices with regulators
9/17/12 8K re: delinq & write-off stats for June, July & Aug
8/15/12 8K re: dlinq. & write0off stats for months of May, June, and July
8/8/12 8K re: presentation from semi-annual Fin'l Community Meeting
8/2/12 10Q for quarter ended 6/30/12
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: credt 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
Bank of Am BAC: 9/28/12 8K re: settlement re: $1.6 bil regarding Merrill Lynch purchase
8/23/12 8K re: 4 new directors: Sharon Allen, Jack Bovender, Linda Hudson & David Yost
8/10/12 8K re: retirement of Vice Chiar Charles H. Noski as of 9/1
8/2/12 10Q for quarter ended 6/30/12
7/18/12 8K re: 2Q results
Boeing BA: 8/29/12 8K re: bylaw amendments
7/25/12 10Q and 8K re: 2nd quarter results ended 6/30/12
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
Caterpillar CAT: 9/28/12 8K re: price increases
9/21/12 8K re: Aug. dealer stats
9/17/12 8K re: credit agreement for $100 mil
9/7/12 S-4; 8/28/12 8K & 8/20/12 8K all re: exchange offer for debentures
8/17/12 8K re: 3 mos. dealer stats
8/10/12 8K re: debenture exchange
8/6/12 10Q re: quarter ended 6/30/12
7/27 8K re: debenture exchange
7/24/12 8K re: 3 mos. dealer states
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
Chevron CVX: 10/3/12 8K re: election of Dr. Alice P. Gast to Board
8/2/12 10Q & 7/27/12 8K re: 2 Qtr. results ended 6/30/12
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 : 10/4/12 8K re: appointment of Gary B. Moore as Pres & other exec appointments
9/26/12 14A Proxy re: Annual Shareholders Meeting on 11/15/12 at Santa Clara,CA
9/19/12 8K re: departure of Jerry Yang from Board
9/12/12 10K for year ended July 28 '12
8/15/12 8K re: 4Q and FY '12 earnings
8/2/12 8K re: appointment to Bd. of CEO of salesforce.com Marc Benioff and Kristina M. Johnson, CEO of enduring Hydro, LLC
6/27/12 8K re; execs' pre-arranged stock trading plan
6/13/12 8K re: director's pre-arranged stock trading plan
Coke KO: 9/14/12 8K re: exec changes
8/23/12 8K re: shareholder approval of stock split
7/1 8K re: new operating structure
7/27/12 8K re: Amendment to Articles of Incorp. to increase auth. shares & 2 for 1 stock split
'7/26/12 10Q for quarter ended 6/29/12
7/17/12 8K re; 2Q results
7/10/12 8K re: approval of shareholders for stock split
Disney DIS: 8/7/12 10Q & 8/7/12 8K results for 3rd quarter ended 6/30/12
6/11/12 8K re: $2.25 bil 5 year credit agreement
DuPont DD: 9/4/12 8K re: sale of Performance Coatings Div to Carlyle Group for $4.9 bil
7/24/12 8K and 7/24/12 10Q for quarter ended 6/30/12
5/1/12 8K re: Annual meeting of stockholders results
ExxonMobil XOM: 8/2/12 10Q & 7/26/12 8K re: 2Q results ended 6/30/12
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
GE: 7/30/12 10Q re: quarter ended 6/30/12
7/30/12 8K re: election of John J. Brennan to Bd., he is Chairman Emeritus of Vanguard
7/23/12 8K re: resignation of John Krenicki as Vice Chair & exec officer at year end
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
Hewlett-Packard HPQ: 10/3/12 8K e: earnings outlook for '13 fiscal year
9/10/12 10Q & 8/22/12 8K re: quarter ended 7/31/12
8/8/12 8K re: write-down due to impairment of goodwill
6/8/12 10Q re: quarter ended 4/30/12
Home Depot HD: 9/21/12 8K re: election of mark Vadon to Board
8/22/12 10Q for qtr ended 7/29/12
8/14/12 8K re: quarter ended 7/29
8/7/12 8K re: purchase of U.S. Home systems and related Proxy statement
Intel INTC: 9/12/12 8K re: closed pruchase of ASWML Holding for $3.1 bil
9/7/12 8K re: lowering 3Q rev outlook
8/1/12 10Q for quarter ended 6/30/12
7/18/12 2 8Ks re: 2Q results
7/9/12 8K re; purchase of 10% of ASML for $2.1 bil
IBM: 9/25/12 8K re: election of Virginia M. Rometty as Chair of Board
8/1/12 8K re: closing of sale of IBM's Retail Store Solutions biz to Toshiba Tec
7/31/12 10Q for period ended 6/30/12
7/27/12 8K re: underwriting agreement for 1.875% notes due '22
7/19/12 & 7/18/12 8Ks re: 2Q results
JPMorganChase JPM: 9/24/12 8K re: offering of $3 bil of 3.25% Note due '22
9/19/12 8K re: clsoing of 2.9% Notes due '17
8/27/12 8K re: isswuance of 5.5% non-cumulative Pref shares, Series O
8/20/12 8K re: closing of $2.5 bil 2% Notes due '17
8/9/12 10Q for period ended 6/30/12
7/27/12 8K re: exec changes
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
Johnson & Johnson JNJ : 8/16/12 8K re: discontinuance of bapineuzumbab trials
8/2/12 10Q for quarter ended 7/1/12
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
McDonald's MCD: 9/28/12 8K re: adoption of accoutning standard
9/24/12 8K re: quarterly cash div
9/12/12 8K re: sales increase of 3.7% in Aug.
8/9/12 8K re: July '12 sales
8/6/12 10Q for quarter ended 6/30/12
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
Merck MRK: 9/13/12 8K re: closing of sale of notes
8/7/12 10Q & 7/27/12 8K re: results of second quarter ended 6/30/12
5/25/12 8K re: voting results of 5/22 Annual meeting of shareholders
Microsoft MSFT: 9/18/12 8K re: increase in quarterly div & retirement of Raymond Gilmartin from Board
7/26/12 10K for year ended 6/30/12
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
Pfizer PFE: 8/14/12 8K re: purchase of marketing rights to OTC Nexium from AstraZeneca
8/9/12 10Q & 7/31/12 8K re: results of 2 Qtr ended 7/1/12
5/23/12 8K re: exec promotions
5/10/12 10Q for quarter ended 4/1
5/1/12 8K re: 1 qtr results
Procter & Gamble PG: 9/21/12 14A proxy re: candidate for Board
9/6/12 8K re: FD disclosure re: Barcaly's Back to School consumer conf.
8/24/12 14A Proxy re: Annual Meeting of Shareholders on 10/9/12 in Cincinnati
8/16/12 Form 8-A & 8/16 & 8/14/12 8Ks re sales of notes
8/8/12 10K and 8/3/12 2 8Ks all re: fourth quarter results for year ended 6/30/12
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
3M MMM: 10/3/12 8K re: $1.5 bil revolving credit agreement
10/1/12 8K re: contract to purchase Ceradyne Inc. for $35 per share
8/29/12 K re: $150 mil credit agreement
8/2/12 & 7/26/12 8K re: 2nd quarter results for quarter ended 6/30/12
7/26/12 8K re: sale of notes
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
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.
UnitedHealth Group UNH: 9/10/12 re: FD disclosure re: Morgan Stanley Healthcare Conference
8/7/12 10Q re: quarter ended 6/30/12
United Technologies UTX: 9/12/12 8K re: election of Marshall Larsen to Board
7/31/12 8K re: purchase of Silver II for $3.46 bil
7/26/12 10Q & 7/26/12 8K re: results of 2nd qtr ended 6/30/12 & closing of Goodrich purchase and board and exec changer
6/18/12 8K re: issuance of equity unites
6/1/12 8K re: issuance of $9.8 bil of notes
Verizon Communications Inc. VZ: 7/30/12 10Q for quarter ended 6/30/12
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
WalMart WMT: 9/6/12 10Q for quarter ended 7/31/12
8/16/12 8K re: 2 Qtr results
7/30/12 8K re: election to Board of Tim Flynn, former Chairman of KPMG
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
. END
1 comment:
Thanks for this detailed history.
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