Post No. 1,951 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 ranking of the Dow 30 components by market capitalization as of 12/7/12 and recent Dow 30 components' SEC filings as of 12/7/12.
A read of the print editions of Monday's Investor's Business Daily, and the combined Saturday & Sunday's issues of each of the Wall St. Journal & Financial Times; & Sunday's & Saturday's New York Times & Atlanta Journal Constituion & 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 13,135.01 down 35.71 or 0.27% from Thursday's close of 13,170.72. For the week the Dow is down 20.12 or 0.15% from last Friday's close of 13,155.13. For the year the Dow is up 7.51 %. Of the Dow components 9 gained, Coke was unchanged and 20 declined. The biggest gainer dollar-wise was Caterpillar up 52 cents and percentage-wise was Hewlett-Packard up 1.66%. The biggest decliner dollar-wise was Exxon down 56 cents and percentage-wise was American Express down 1.94%.
IBD pB8 "Stocks post small losses, but China news is bullish" by Paul Whitfield says stocks sagged on fading volume Fri while Nasdaq fell due to Apple. The current outlook is still a confirmed uptrend.
WSJ pB5 "Stocks end a 3 week win streak" by Matt jarzemsky says tech stocks led major benchmarks lower Fri erasing weekly gains f or the S&P & the Dow, as Apple cont'd its recent slide.
FT p11 "Apple sours as S&P fails to enjoy lift from Fed" by Arash massoudi says Wall St lacked direction this week as all 3 major US benchmarks were on pace to finish with muted movements even as the Fed said it would prolong dovish stimulus measures to boost the flagging US economy.
Sat. NYT pB6 "Shares cotninue to slide, awaiting a budget accord" by Reuters says stocks fell Fri as another delcine in Apple took a toll & investors unloaded some shares due to the uncertainty re: the DC budget negotiations.
Sat. AJC pA16 "Apple, budget drag market" by by AP says Apple slumped Fri dragging dowh the stock market as a lack of progress in fed budget talks also worries investors.
.As of the close of the market on Friday the current divisor for the Dow Jones Industrial Average found at page B5 of Saturday's Wall St. Journal is 0.130216081. Friday's closing trailing P/E ratio is 14.74 up from Thursday's closing trailing P/E ratio of 14.68 (year ago it was 12.84); Friday's closing P/E estimate is 12.59 up from Thursday' s closing P/E estimate of 12.52 (year ago it was 12.20) and Friday's closing dividend yield is 2.68 up from Thursday's closing dividend yield of 2.67 (last year it was 2.68). 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.
Friday's Dow Jones Industrial Average closing numerator was 1,710.39 down 4.65 from Thursday's closing numerator of 1,715.04. 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 Friday's Dow Jones Industrial Average was $57.01 down 16 cents from Thursday's average of $57.17. The median closing price of Friday's Dow Jones Industrial Average was $51.34 (DIS/UNH) down 41 cents from Thursday's median closing price of $51.75. 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 lost $465 ($171,504 - $171,039).
Friday's 12/14/12 MarketWatch 4:14 pm by Kate Gibson says U.S. stocks fell Friday, with the Dow Jones Industrial Average DJIA-0.27% and the S&P 500 index SPX-0.41%tallying their first weekly drop in four, as investors fretted over the lack of a budget deal. Apple Inc.AAPL-3.76% led the technology sector lower after UBS AG cut its price estimate for shares of the consumer technology company. The absence of a comprehensive fiscal policy "is confounding investors and certainly businesses," said Eric Wiegand, senior portfolio manager for The Private Client Reserve, a division of U.S. Bank Wealth Management. Down 0.2% for the week, the Dow Jones Industrial Average lost 35.71 points, or 0.3%, to 13,135.01. The S&P 500 shed 5.87 points, or 0.4%, to 1,413.58, off 0.3% from the prior Friday's close. The Nasdaq CompositeCOMP-0.70%declined 20.83 points, or 0.7%, to 2,971.33, down 0.2% for the week, its second consecutive weekly drop.
Sunday's & Saturday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: No mentions found.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: No mentions found.
Boeing: IBD pA6 "Equipment leasing gains traction" by Reinhardt Krause there is global demand from airlines to lease planes as Beoing and Airbus ramp up production of the 737Max and A320neo planes. ILFC & GE Capital Aviation Services are under siege as airlines & smaller, publicly traded leasing firms copete for the new jets. Caterpillar has its ow construction leasing arm as the article also discusses elasing in the construction industry.
Caterpillar: IBD pA6 "Equipment leasing gains traction" by Reinhardt Krause there is global demand from airlines to lease planes as Beoing and Airbus ramp up production of the 737Max and A320neo planes. ILFC & GE Capital Aviation Services are under siege as airlines & smaller, publicly traded leasing firms copete for the new jets. Caterpillar has its ow construction leasing arm as the article also discusses elasing in the construction industry.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: Sat. AJC pA16 "Mexico's Coca-Cola bottler expands market" by by AP says Coke's biggest franchise bottler, Coca-Cola FEMSA will buy a 51% stake in Philipines bottling operation.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: IBD pA2 "goldman: Exxon lags peers" says Goldman Sachs downgraded Exxon from buy to neutral citing recent disappointing exploration results. goldman said Exxon Mobil is underperforming its peers.
GE: IBD pA6 "Equipment leasing gains traction" by Reinhardt Krause there is global demand from airlines to lease planes as Beoing and Airbus ramp up production of the 737Max and A320neo planes. ILFC & GE Capital Aviation Services are under siege as airlines & smaller, publicly traded leasing firms copete for the new jets. Caterpillar has its ow construction leasing arm as the article also discusses elasing in the construction industry.
WSJ pB3 "GE boosts dividend, buyback" by Kate Linebaugh, Sat. AJC pA15 "GE adds $10 bil to share buybacks" say GE increased its dividend & said it would buy back anotehr $10 bil of shares. The quarterly divd was raised by 12% to 19 cents a share payable in Jan and should cost an add'l $211 mil a quarter. The annual yield is now 3.5%.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Sat. NYT pA1 "A political brawler, now battling for Microsoft" by Nick Wingfield, Claire Cain Miller says Mark Penn a former Clinton operative is now working for Microsoft in a campaign to dislodge Google from atop the lucrative Internet search market.
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: No mentions found.
Walmart: No mentions found.
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) (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 12/7/12 ranked in order of market capitalization:
1. Exxon Mobil XOM $404
2. WalMart WMT 241.8
3. GE 225
4. Microsoft MSFT 222.6
5. IBM 216.9
6. Chevron CVX 209.4
7. Johnson & Johnson JNJ 195.2
8. AT&T T 191.6
9. Procter & Gamble PG 192.2
10. Pfizer PFE 188.2
11. Coke KO 169.1
12. JPMorgan Chase JPM 161.8
13. Merck MRK 135.7
14. Verizon VZ 126.7
15. Bank of America BAC 114.6
16. Intel INTC 100.3
17. Cisco CSCO 102.7
18. Home Depot HD 96.4
19. McDonald's MCD 88.8
20. Disney DIS 87.3
21. United Technologies UTX 74.2
22. American Express AXP 63.3
23. 3M MMM 63.3
24. Caterpillar CAT 56.9
25. Boeing BA 56.3
26. UnitedHealth UNH 55
27. DuPont DD 40.3
28. Travelers TRV 28
29. Hewlett-Packard HPQ 27.4
30. Alcoa AA 9
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/7/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/4/12 8K underwriting agreement Global Notes due '20
11/20/12 - Announcemnt of reference yield of notes & results of exchange offer
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: 11/28/12 8K results of private exchange offer
11/27/12 8K re: terms of privte exchange offer
11/15/12 8K re: write-off credit stats Aug., Sept., Oct
11/13/12 8K re: announcement of private offer
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
Bank of Am BAC: 11/5/12 8K re: redemption of sub debentures
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 Chair 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: 11/20/12 8K re: 3 months dealer stats
11/6/12 8K re: executive compensation for Group Pres.
11/6/12 Prospetus for exchange offer of debentures
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: 12/5/12 8K re: issuance of $2 bil of notes
11/6/12 10Q Qtr. ended 9/30/12
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
Cisco CSCO: 11/20/12 10Q & 11/13/12 8K re: Qtr. ended 10/27
11/16/12 8K re: amdmt to exec. comp. plan
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: 11/29/12 8K re: issuance of $2 bil Global Notes
11/21/12 10K & 11/8/12 8K re: results year ended 9/29
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: 12/4/12 8K re: grant of bonus to CEO tillerson of $4.5 mil
11/30/12 8K re: retirement of SVP D.D. Humphreys
11/6/12 10Q for Qtr ended 9/30
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: 11/7/12 10Q for Qtr ended 9/30
10/19/12 8K re: 3Q results
10/9/12 8K re: Offering of $7 bil of notes (closing)
Hewlett-Packard HPQ: 11/20/12 8K re: results year ended 10/31
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: 11/21/12 10Q & 11/13/12 8K re: 4Q ended 10/28
11/16/12 8K re: resignation of Ron L. Sargent from BOD
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: 12/6/12 & 12/4/12 8Ks re: issuance of $6 bil of Notes
12/4/12 8K re: adoption of FASB standard
11/19/12 8K re: retirement of Paul S. Otellini at May Annual Mtg. of Shareholders
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: 11/16/12 8K re: sale of 1.375% Notes
11/5/12 8K re: bae salary of $1.5 mil for CEO Virginia Rometty
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: 12/5/12 8K re: Mark W. O'Donovan is now Controller
12/4/12 8K re: slides from U.S. fin'l services inv. conf.
12/4/12 8K re: reorganization
11/21/12 8K re: Marianne Lake is now CFO, other appointments
11/8/12 10Q for Qtr ended 9/30
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: 12/3/12 8K re: CEO Alex Gorsky replaces Bill Weldon as Chiar of BOD eff. 12/28
11/9/12 8K re: Eugene Washington is on BOD
11/9/12 10Q for Qtr ended 9/30
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: 12/4/12 8K & 11/15/12 8K re: Jeff Stratton succeeds Janice Fields as Pres. of McDonald's USA
11/9/12 8K re: global sales decreased 1.8% in Oct.
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: 11/29/12 8K re: Amendment to Control seperation Benefits Plan
11/9/12 10Q re: Qtr ended 9/30
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: 11/29/12 8K re: results of annual shareholders mtg.
11/16/12 8K re: resignation of Steven Sinofsky as Pres. of Windows Div.
11/7/12 8K re: issuance of $2.25 bil of notes
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: 11/9/12 10Q re: Qtr ended 9/30
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: 12/5/12 8K re: estimate of losses due to Hurricane Sandy
10/18/12 10Q &
10/18 8K re: 3Q ended 9/30/12
UnitedHealth Group UNH: 12/6/12 & 11/19/12 8Ks re: purchase of over 60% of shares of Amil
11/26/12 8K re: annual inv. conf.
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: 12/8/12 8K re: election of EVP Merchandizing
11/13/12 8K re: Cellco Partnership d/b/a Verizon Wireless disgtri buted $18.5 bil to the two owners, Verizon Communications & Vodaphone
11/8/12 8K re: disclsoure of Wells Fargo Tech, Media & telecom Conf.
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: 12/4/12 10Q & 11/15/12 8K re: results of Qtr ended 10/31
9/6/12 10Q for quarter ended 7/31/12
THE END
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