A read of the print editions of Thursday'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 Wednesday's stock prices and related data in alphabetical order.
Dow Jones Average: The Dow Jones Industrial Average closed Wednesday at 12,932.73 down 312.95 or 2.36% from Tuesday's close of 13,245.68. For the year the Dow is up 5.85%. Of the Dow components all 30 declined. The biggest decliner dollar-wise was IBM down $3.24 and percentage-wise was Bank of America 6.84%.
WSJ pC4 "A mad dash, flat feet & losses" by Tom Lauricella et al says Wed turned out to be a bad day for investors betting on a Mtt Romney win. Traders found themselves in a mad dash to sell on the opening bell which results in a post election drop in share prices. Wed's decline marked the 5th largest selloff after Election day. hard hit were fin'l & energy stocks. Exxon fell 3.1% & Chevron lost 2.6%. Bank of America lost 7.1% & JPMorgan fell 5.6%.
USA Today p1B "Dow plunges 300 points" by Adam Shell says there was a general view in the market that a Romney win would be more favorable to stocks. Fear that the US fiscal crisis would not be resolved in time to avoid falling off the edge of the fiscal cliff increased as did fears that chronic uncertainty would infect that market through year's end. The Dow is up almost 5,000 point since Obama's '09 inauguration.
NYT pB1 "Europe's woes & worries over US plans rattle markets" by Floyd Norris et al says a one two punch of worries about Congressional gridlock on urgent fiscal policies & economic weakness in Europe sent stocks reeling on Wed.
Fin Times p22 "Broad sell off pushes S&P below 1,400 to 3 month low" by Michael Mackenzie et al says US equities closed at their lowest level in 3 months with fin'ls leading the drubbing as the prospect of an easier time from tough regulatins faded after Obama won. JPMorgan was off 5.6%. Bank of America fell 7.1%.
IBD pB2 "Major indexes slammed; market correction deepens" by David Saito-Chung says investors trampled stocks Wed tto avoid the looming fiscal cliff which went from theoretical to possible in the wake of Obama's re-election. Wed's action saw big losses in higher trade as the market is still in a correction.
As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.130216081. Thursday's trailing P/E ratio is 14.16 down from Wednesday's trailing P/E ratio of 14.47 (year ago it was 12.67); today's P/E estimate is 12.37 unchanged from Wednesday's P/E estimate of 12.37 (year ago it was 12.35) and Thursday's dividend yield is 2.62 up from yesterday's dividend yield of 2.56 (last year it was 2.56). 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 1,684.05 down 40.75 from Tuesday's closing numerator of 1,724.80. 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 (0.130216081) you get the decrease 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 Wednesday's Dow Jones Industrial Average was $56.14 down $1.35 from Tuesday's average of $57.49. The median closing price of Wednesday's Dow Jones Industrial Average was $52.20 (DIS/UNH) down $1.20 from Tuesday's median closing price of 53.40. The lowest volume was Travelers 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 or dividends) and sold at the close you would have lost $4,075 ($172,480 - $168,405).
11/7/12 Wed. 4:12 MarketWatch by Kate Gibson says U.S. stocks dived on Wednesday on anxiety about the "fiscal cliff" and Europe's economic troubles in the wake of the re-election of President Barack Obama. With the election over, Wall Street turned to pondering the more than $600 billion in tax hikes and spending cuts scheduled to take effect in January should Congress fail to reach a deficit-cutting deal. "The fiscal cliff is now the base-case scenario," said Dan Greenhaus, chief global strategist at BTIG LLC. The Dow industrials DJIA-2.36% fell 312.95 points, or 2.4%, to 12,932.73. The S&P 500 index SPX-2.37%declined 33.86 points, or 2.4%, to 1,394.53. The Nasdaq Composite COMP-2.48% shed 74.64 points, or 2.5%, to 2,937.29.
Thursday's Dow News followed byWednesday's Closing Dow Numbers:
AT&T: WSJ pB1 "AT&T mvoe signals end of the copper wire era" by Anton Troianovski, IBD pA4 "AT&T ups spending on network" by Reinhardt Krause, NYT pB9 "AT&T adds $14 bil for equipment" by Brian Chen, IBD pA1 "AT&T plans major upgrades" say AT&T plans on capital outlays of $22 bil a year, 15% moe than this year, through '15 to upgrade systems. Rather than sell phone lines in rural areas, AT&T will upgrade to high spped to compete with Comcast & Time Warner. It will expand 4G phone service to compete with Verizon.
WSJ pB6 "Sprint forges deal to buy asset from US cellular" by thomas Gryta says Sprint Nextel on Wed agreed to buy custoemrs & airwave lcienses in the Midwest from US Cellular for $480 mil. this could help Sprint catch up with AT&T & verizon Wireless.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC4 "A mad dash, flat feet & losses" by Tom Lauricella et al says Wed turned out to be a bad day for investors betting on a Mitt Romney win. Traders found themselves in a mad dash to sell on the opening bell which results in a post election drop in share prices. Wed's decline marked the 5th largest selloff after Election day. hard hit were fin'l & energy stocks. Exxon fell 3.1% & Chevron lost 2.6%. Bank of America lost 7.1% & JPMorgan fell 5.6%.
Fin Times p22 "Broad sell off pushes S&P below 1,400 to 3 month low" by Michael Mackenzie et al says US equities closed at their lowest level in 3 months with fin'ls leading the drubbing as the prospect of an easier time from tough regulatins faded after Obama won. JPMorgan was off 5.6%. Bank of America fell 7.1%.
USA Today p4B "Story stocks" charts Bank of America saying it and other bank stocks were weak following Obama's victory.
Boeing: IBD pA1 "Boeing restructures defense", WSJ pB3 "Boeing says cuts save $1.6 bil" by Jon Ostrower say Boeing said it would cut exec jobs and consolidate several divisions at its defense biz that will save $1.6 bil over the next 2 years.
Caterpillar: No mentions found.
Chevron: WSJ pC4 "A mad dash, flat feet & losses" by Tom Lauricella et al says Wed turned out to be a bad day for investors betting on a Mtt Romney win. Traders found themselves in a mad dash to sell on the opening bell which results in a post election drop in share prices. Wed's decline marked the 5th largest selloff after Election day. hard hit were fin'l & energy stocks. Exxon fell 3.1% & Chevron lost 2.6%. Bank of America lost 7.1% & JPMorgan fell 5.6%.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pC1 "disney cruises higher after investments" by Miriam Gottfried says Disney has invested heavily in its cruise ships & theme park divisions, which accounts for a third of rev. Analysts expect Dison Thurs to report earnings per share of 68 cents for 4Q and rev of $10.9 bil up 15.3% & 4.8% respectively from prior year.
DuPont: No mentions found.
Exxon: Fin times p15 "Exxon seeks sale of Iraqi project stake as Kurdish oilfields beckon" by Guy Chazan says Exxon is seeking to sell its stake in a multibillion dollar oil project in Iraq, the West Qurnai-1 oilfield due to growing disenchantment with southern Iraq & their contrasting enthusiasm for Kurdistan.
GE: No mentions found.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC4 "A mad dash, flat feet & losses" by Tom Lauricella et al says Wed turned out to be a bad day for investors betting on a Mtt Romney win. Traders found themselves in a mad dash to sell on the opening bell which results in a post election drop in share prices. Wed's decline marked the 5th largest selloff after Election day. hard hit were fin'l & energy stocks. Exxon fell 3.1% & Chevron lost 2.6%. Bank of America lost 7.1% & JPMorgan fell 5.6%.
Fin Times p22 "Broad sell off pushes S&P below 1,400 to 3 month low" by Michael Mackenzie et al says US equities closed at their lowest level in 3 months with fin'ls leading the drubbing as the prospect of an easier time from tough regulatins faded after Obama won. JPMorgan was off 5.6%. Bank of America fell 7.1%.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: AJC pA20 "Microsoft switching to Skype" says Microsoft is scrapping its instant messaging program & forcing most users to switch to Skype. Microsoft bought Skype for $8.5 bil last year.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
UnitedHealth: No mentions found.
United Technologies: No mentions found.
Verizon: WSJ pB1 "AT&T mvoe signals end of the copper wire era" by Anton Troianovski, IBD pA4 "AT&T ups spending on network" by Reinhardt Krause, NYT pB9 "AT&T adds $14 bil for equipment" by Brian Chen, IBD pA1 "AT&T plans major upgrades" say AT&T plans on capital outlays of $22 bil a year, 15% moe than this year, through '15 to upgrade systems. Rather than sell phone lines in rural areas, AT&T will upgrade to high spped to compete with Comcast & Time Warner. It will expand 4G phone service to compete with Verizon.
WSJ pB6 "Sprint forges deal to buy asset from US cellular" by thomas Gryta says Sprint Nextel on Wed agreed to buy custoemrs & airwave lcienses in the Midwest from US Cellular for $480 mil. this could help Sprint catch up with AT&T & verizon Wireless.
Walmart: USAT p1B "Black Fri deals revealed" by Jayne O'Donnell says Walmart's Black Friday promotions are out today and it says it bought so deep that it will will have enough of the popular electronic devices.
| 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 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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