Sunday, November 25, 2012

11/25/12 Sun Consumers Packed Walamrt Despite Worker Protests

http://www.dowjonesmonitor.com/

Post No. 1,916 The following is brought to you by Intellivest Securities   Research, Inc. Toward the end of this Blog is a list of the Dow 30      current CEOs, and a recent  ranking of the Dow 30     components by     market      capitalization as of 11/2/12  and recent Dow 30 components'  SEC filings as of 11/2/12.

A    read of    the print      editions of Monday's   Barron's & Investor's Business Daily and Sunday's New York Times and  Atlanta     Journal   Constitution 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 13,009.68 up 172.79 or 1.35%   from Wednesday's close of   12,836.89.  The market was closed Thursday and closed early on Friday.  For the week the Dow was up 3.4%. For the year the Dow is up 6.5%. Of   the   Dow  components   29 gained and only Johnson & Johnson declined. The   biggest  gainer     dollar-wise was IBM up $3.29 and       percentage-wise was Hewlett-Packard up 4.19%.  The  only and therefore biggest  decliner     dollar-wise  and       percentage-wise was Johnson & Johnson down 3 cents or 0.04%.

IBD pB8 "Stocks post solid gains: market shifts to uptrend" by Paul Whitfield says stocks posted solid gains in Friday's shortened session, ending the Nasdaq's string of 6 weekly losses in a row. Friday's action was up in shortened session while the current outlook is the market is in a confirmed uptrend.  Stocks that have broken out since the US election includes Home Depot which is 2% past a $63.30 entry.

As of the close of    the    market on Friday the current divisor for  the     Dow     Jones       Industrial      Average  found at page  B6 of      Saturday's  Wall    St.        Journal   is    0.130216081.  Saturday's    trailing  P/E  ratio  is      14.45 up   from  Friday's   trailing   P/E  ratio of 14.26 (year  ago    it was         12.15);  Saturday's  P/E  estimate  is    12.10 unchanged  from Friday's   P/E       estimate of   11.99   (year  ago   it  was  11.55)  and Saturday's        dividend    yield   is  2.67 unchanged    from  Friday's      dividend     yield   of    2.70  (last    year it   was   2.79).  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.

Saturday's  Dow Jones     Industrial  Average    closing numerator was 1,694.07 up 22.5 from     Friday's  closing    numerator of 1,671.57.  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        Saturday's   Dow Jones Industrial      Average was $56.47 up 75 cents    from Friday's  average of $55.72.  The  median closing  price   of        Saturday's Dow  Jones    Industrial     Average  was  $51.59        (DIS/UNH) up 48 cents  from Friday's median   closing   price of    $51.11.     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   $2,250   ($$169,407 - $167,157).

11/23/12 Fri. after 1 pm     MarketWatch by  Polya Lesova   says   U.S. stocks rise Friday, buoyed by encouraging economic data from Germany and China, as American consumers head to stores to take advantage of Black Friday sales.U.S. stocks rallied Friday, buoyed by encouraging economic data from Germany and China, as American consumers headed to retail stores to take advantage of Black Friday promotions.The Dow Jones Industrial Average  climbed 172.79 points, or 1.4%, to end at 13,009.68, with all 30 of its components in positive territory for the day. For the week, the Dow rose 3.4% — its best week since the week ending June 8.The technology components in the Dow outperformed on Friday. Hewlett-Packard Co.  and Microsoft Corp.  were the top gainers, rising 4.2% and 2.8%, respectively. Cisco Systems Inc.  and Intel Corp.  also posted strong gains.The S&P 500 index  gained 18.12 points, or 1.3%, to 1,409.15, with information technology the top gainer and utilities the sole decliner among 10 major industry groups.For the week, the S&P 500 gained 3.6% — its largest weekly percentage gain since June 8.The technology-heavy Nasdaq Composite  advanced 40.30 points, or 1.4%, to end at 2,966.85, leaving it up 4% for the week.Shares of BlackBerry maker Research in Motion Ltd.  rallied nearly 14%. The Tell: RIM gets big bounce — and it’s still cheap.Trading volume was light Friday. More than 328 million shares traded on the New York Stock Exchange. Composite volume topped 1.4 billion.“It’s traditional you get on Thanksgiving week a positive bias three-quarters of the time,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. “With an absence of actors, it doesn’t take much to push prices around.”
The stock market closed at 1 p.m. on Friday, earlier than usual, after trading was shut on Thursday for the Thanksgiving holiday.“The August effect is in play in that a lot of players are out of town on the shortened day, so I wouldn’t read too much into today’s action,” said Marty Leclerc, principal at Barrack Yard Advisors. The retail sector was in the spotlight, as consumers hit shops across the nation to take advantage of Black Friday sales. Early indications pointed to momentum for U.S. retailers as they head into the all-important holiday season. Shares of Wal-Mart Stores Inc.  gained 1.9% and those of Target Corp.  rose 1.2%. In the absence of U.S. economic data on Friday, global economic reports buoyed the mood on Wall Street. Germany’s Ifo business-climate index rose to 101.4 in November from 100 in October, beating expectations for a decline. The rise in November came after six successive declines and showed the German economy is holding up in the face of the euro-zone debt crisis, the Ifo Institute said on Friday.In Asia, the HSBC purchasing-managers index on Thursday showed that China’s manufacturing sector expanded in November for the first time in 13 months, indicating that growth will pick up in the fourth quarter. The U.S. dollar weakened, boosting the appeal of dollar-denominated commodities. The dollar index , which tracks the performance of the greenback against a basket of major currencies, fell 0.9% to 80.183. The euro rallied 0.8% to $1.2978.Gold and oil futures posted gains, while the 10-year Treasury yield  was unchanged at 1.69%.European equities rose Friday, with the Stoxx Europe 600 index  gaining 4% for the week — its best week since the one ending on Dec. 2, 2011.

Sunday's Dow News followed by Friday's Closing Dow Numbers:

AT&T:    IBD pA10 "Towering demand for wireless" by Brian Deagon says 41% of mobile uses now own a smartphone antionally.  AT&T said 64% of its customers at the end of Sept were smartphone users and at Verizon Communications it's 53%.  There will be a need for more cell towers.

Alcoa:  No mentions found.

American Express: No mentions found.

Bank of America: No mentions found.

Boeing: No mentions found.

Caterpillar: No mentions found.

Chevron: No mentions found.

Cisco: No mentions found.

Coke: No mentions found.

Disney: No mentions found.

DuPont:

Exxon: No mentions found.

GE: No mentions found.

Hewlett-Packard:  IBD pA2 "Autonomy founder denies fruad" says the founder and former chief of Autonomy, Mike Lynch defended Autonomy's accounting methods.

IBD pB2 "HP alleges accounting fraud" says Hewlett-Packard took an $8.8 bil charge related to tis '11 purchase of Autonomy saying nmore than $5 bil of that was related to false accounting.

Barron's p14 "Week review" says Hewlett-Packard plunged to its lowest level in a deacde after it said it was duped by Autonomy.  In a surprise departure, Intel's CEO, Paul Otellini will retire in May, 3 years before he turns 65.  JPMorgan named Marianne Lake, 43, to succeed Douglas Bruanstein as CFO, effective early next year.

Barron's pM2 "Charting the Market" charts Hewlett-Packard.

Home Depot: No mentions found.

Intel: Barron's p16 "Inel: building on Otellini's legacy" by Tiernan Ray says when Paul Otellini wraps up his 8 years as CEO at Intel, he will leave on a high note as he has presided over a 56% surge in rev and a 46% slimb in operating profit during that time.

Barron's p14 "Week review" says Hewlett-Packard plunged to its lowest level in a deacde after it said it was duped by Autonomy.  In a surprise departure, Intel's CEO, Paul Otellini will retire in May, 3 years before he turns 65.  JPMorgan named Marianne Lake, 43, to succeed Douglas Bruanstein as CFO, effective early next year.

IBM: No mentions found.

JPMorgan Chase:  Barron's p14 "Week review" says Hewlett-Packard plunged to its lowest level in a deacde after it said it was duped by Autonomy.  In a surprise departure, Intel's CEO, Paul Otellini will retire in May, 3 years before he turns 65.  JPMorgan named Marianne Lake, 43, to succeed Douglas Bruanstein as CFO, effective early next year.

Johnson & Johnson: No mentions found.

McDonald's: No mentions found.

Merck: No mentions found.

Microsoft:   Barron's p11 "Post-Blakc Friday bargains" by Kopin Tan says eliminating the paytroll tax cut could crimp sales at Walmart by 2 to 4%.  Microsoft is on a list of S&P 500 stocks with more than $5 bil of cash and declining return onc apital and where insiders own mroe than 5% of shares.

Pfizer: No mentions found.

Procter & Gamble: No mentions found.

3M No mentions found.

Travelers: No mentions found.

UnitedHealthcare: No mentions found.

United Technologies: No mentions found.

Verizon:  IBD pA10 "Towering demand for wireless" by Brian Deagon says 41% of mobile uses now own a smartphone antionally.  AT&T said 64% of its customers at the end of Sept were smartphone users and at Verizon Communications it's 53%.  There will be a need for more cell towers.

Walmart: IBD pA1 "Black Friday draws crowds" says shoppers flooded the aisles of Walmart, Taraget, macy's a& others despite worker protests at Walmart over its opening of stores on Thanksgiving.

Barron's p11 "Post-Blakc Friday bargains" by Kopin Tan says eliminating the paytroll tax cut could crimp sales at Walmart by 2 to 4%.  Microsoft is on a list of S&P 500 stocks with more than $5 bil of cash and declining return onc apital and where insiders own mroe than 5% of shares.

IBD pA18 "Walmart is no Hostess brands"  is an editorial that says workers at thriving firms such as Walamrt see unions as bad for them and that the union walkouts against Walmart failed.

 IBD pB2 "Walmart moves up dividend" says Walmart moved up its 4Q dividend payment to late Dec from early Jan so sahreholders can avoid the risk of higher taxes in '13 if the fiscal cliff isn't averted.

Friday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UNHNYSE
UTXNYSE
VZDualListed
WMTNYSE


********************
The following are excerpts from Wed. afternoon's Blog.

 *********************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) (has announced early retirement)

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  11/2/ ranked in order    of market capitalization rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $416.5
2. Microsoft MSFT 248
3.WalMart WMT 244.6
4. GE 225
5.  IBM 218.5
6.  Chevron CVX 212.5
7. AT&T T 201.5
8.  Johnson & Johnson JNJ 195.5
9.  Procter & Gamble PG 189
10.  Pfizer PFE 183.5
11.  Coke KO 166.5
12. JPMorgan Chase JPM 161
13.  Merck MRK 140
14.  Verizon VZ 127 
15.  Intel INTC 110.5
16. Bank of America BAC 106
17.  Home Depot HD 93.5
18.   Cisco CSCO 92
19. Disney DIS 89.5
20. McDonald's MCD 87.5
21. United Technologies UTX 71.5
22. American Express AXP 64
23. 3M MMM 61.5
24. UnitedHealth UNH 57
25. Caterpillar CAT 56
26.  Boeing BA 53
27. DuPont DD 41
28. Hewlett-Packard HPQ 27
29. Travelers TRV 26.5
30. Alcoa AA 9.5

****************************************

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: 11/2/12 10Q for 3Q ended 9/30/12
10/24/12 2 8Ks (10/24) re: 3Q results
10/19/12 8K re: in-kind contrib. to pension plans

Alcoa AA: 10/25/12 re: 3Q ended 9/30/12
10/15/12 8K re: transcript of 3Q earnings call
10/10/12 8K re: 3Q results
10/3/12 8K re: EPA remedial plan for Grasse River


American Express AXP: 10/31/12 10Q re: 3Q ended 9/30
10/17/12 8K re: 3Q results
10/15/12 8K re: delinq. & write-off stats for 3 mos. ended 9/30
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


Bank of Am BAC: 11/2/12 10Q 3Q ended 9/30
10/17/12 8K re: 3Q results
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


Boeing BA: 10/24/12 10Q re: 3Q ended 9/30
10/24/12 8K re: 3Q rsults
10/17/12 8K re: two $2.3 bil credit agreements
8/29/12 8K re: bylaw amendments


Caterpillar CAT:  11/2/12 10Q 3Q eneded 9/30
10/22/12 8K re: 3Q results
10/19/12 8K re: Sept. dealer stats
10/12/12 8K re: officer changes
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


Chevron CVX: 11/2/12 8K re; 3Q results
10/9/12 8K re: 3Q interim results
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


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


Coke KO: 10/25/12 10Q re: 3Q ended 9/28
10/16/12 8K re: 3Q results
9/14/12 8K re: exec changes
8/23/12 8K re: shareholder approval of stock split

Disney DIS: 10/30/12 8K re: Disney to acquire Lucasfilm
8/7/12 10Q & 8/7/12 8K results for 3rd quarter ended 6/30/12


DuPont DD: 10/23/12 10Q & 8K & 10/9 8K all re: 9/30 Q results
9/4/12 8K re: sale of Performance Coatings Div to Carlyle Group for $4.9 bil


ExxonMobil XOM: 11/2/12 8K re: elecgtion of CEO of Xerox, Ursula M. Burns to Bd
11/1/12 8K re: 3Q results
8/2/12 10Q & 7/26/12 8K re: 2Q results ended 6/30/12


GE: 10/19/12 8K re: 3Q results
10/9/12 8K re: Offering of $7 bil of notes (closing)


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


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: 10/31/12 10Q & 10/17 8K & 10/16 8K all re: 9/29 Q results
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


IBM: 10/30/12 & 10/17 8K & 10/16 8K all re: 3Q results ended 9/30
10/12/12 8K reL election of Virginia M. Rometty to Chrmn of Bd.
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



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



Johnson & Johnson JNJ : 10/16/12 8K re: 3Q ended 9/30
8/16/12 8K re: discontinuance of bapineuzumbab trials
8/2/12 10Q for quarter ended 7/1/12


McDonald's MCD: 11/1/12 10Q & 10/19 8K  re: 3Q ended 9/30 
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



Merck MRK:  10/26/12 8K re: 3Q results
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



Microsoft MSFT: 11/2/12 8K & 10/18 10Q & 10/18 8K re: 1Q results
10/17  & 10/10 & 10/9 Proxy materials re: 11/28 Annual Meeting of Shareholders at Bellevue, Wash
10/9/12 8K re: retirement of Reed Hastings from Bd & other Bd. changes
9/18/12 8K re: increase in quarterly div & retirement of Raymond  Gilmartin from Board


Pfizer PFE: 11/1/12 8K re: 3Q results
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



Procter & Gamble PG: 10/25/12 10Q & two 8Ks 10/25 re 1Q results ended 9/30
10/12/12 re: '12 Annual Shareholder Mtg results
10/9/12 8K re: dividend of 0.562 cents per share payable on 11/15 to 10/19 record holders
10/9/12 re: CEO's speech at Shareholder Mtg
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



3M MMM: 11/1/12 10Q & 10/23 8K re: 3Q ended 9/30
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



Travelers TRV: 10/18/12 10Q & 10/18 8K re: 3Q ended 9/30/12
7/19/12 10Q & 7/19/12 8K re: results of quarter ender 6/30/12


UnitedHealth Group UNH: 11/2/112 Bd. & officer changes
10/30/12 10Q for quarter ended 9/30
10/2212 8K re: underwriting agreement to sell over $3.4 bil of notes
10/16/12 8K re: 3Q results
10/9/12 8K re: purchase of 90% of Brazil firm Amil Participacoas for $4.9 bil in cash
9/10/12 re: FD disclosure re: Morgan Stanley Healthcare Conference
8/7/12 10Q re: quarter ended 6/30/12


United Technologies UTX: 10/26/12 & 10/23/12 8K re: 3Q ended 9/30
10/11 8K/A re: Goodrich purchase
9/12/12 8K re: election of Marshall Larsen to Board


Verizon Communications Inc. VZ: 11/2/12 8K re: tenderoffer for $1.25 bil of its notes
11/2/12 8K re: Agreements ith CWA & IBEW for new 3 year congtracts covering 43,000 workers
10/25 10Q & 10/18 8K & 10/5/ 8K re: 3Q ended 9/30
10/17 8K re: transfer $7.5 bil of pension plan obligations to Prudential


WalMart WMT: 9/6/12 10Q for quarter ended 7/31/12
8/16/12 8K re: 2 Qtr results
END

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