Post No. 1,993 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 1/1/13 and recent Dow 30 components' SEC filings as of 1/1/13.
The Dow Jones Industrial Average closed Thursday at 13,471.22 up 80.71 or 0.6% from Tuesday's close of 13,328.85. Of the Dow components 25 gained and 5 declined. The biggest gainer dollar-wise was Exxon up 96 cents and percentage-wise was Bank of America up 3.6%. The biggest decliners dollar-wise were DuPont and Microsoft each down 24 cents and percentage-wise was Alcoa down 1.21%.
As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C6 of Thursday's Wall St. Journal is 0.130216081. Thursday's trailing P/E ratio is 14.83 up from yesterday's opening trailing P/E ratio of 14.80 (year ago it was 13.47); today's P/E estimate is 12.22 unchanged from Wednesday' s opening P/E estimate of 12.22 (year ago it was 11.92) and today's dividend yield is 2.63 up from yesterday's opening dividend yield of 2.58 (last year it was 2.57). 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.
Thursday's Dow Jones Industrial Average closing numerator was 1,754.17 up 10.51 from Wednesday's closing numerator of 1,743.66. 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 Thursday's Dow Jones Industrial Average was $58.47 up 35 cents from Wednesday's average of $58.12. The median closing price of Thursday's Dow Jones Industrial Average was $51.95 (DIS/UNH) up 17 cents from Wednesday's median closing price of $51.58. The lowest volume was Travelers and the highest volume again was Bank of America.
If Thursday 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 $1,051 ($175,417 - $174,360).
Thursday 1/10/13 MarketWatch 4:28 pm by Kate Gibson says U.S. stocks rose on Thursday, lifting the S&P 500 to a five-year closing high, after
data from China bolstered the view of an improving global economy. “Chinese growth is accelerating and the market over the last day or so seems
to have taken on a more positive tone as it relates to earnings,” said Mark
Luschini, chief market strategist at Janney Montgomery Scott. December exports data from China beat expectations, while European Central
Bank President Mario Draghi projected that the euro zone’s economy would bounce
back later this year. “In Europe the recession is not worsening, Chinese growth is accelerating and
in the U.S., the worst of the fiscal cliff is behind us. The impact of tax cuts
is less than what the CBO initially scored, which has the potential to lift
confidence and as a result business spending,” said Luschini. The Dow Jones Industrial Average DJIA
+0.60%
gained 80.71 points, or 0.6%, to 13,471.22. Bank of America Corp. BAC
+0.09% led
blue-chip gains, which included 25 of the Dow’s 30 components. Banks and other financial companies have drawn support this week as the
government’s consumer finance watchdog on Thursday unveiled mortgage rules that
will make banks use new standards to determine if a borrower has the ability to
repay a mortgage. And several large home-loan providers earlier in the week came
to an accord with regulators to close a review of foreclosures ordered by the
government. Five days after closing at its highest level since December 2007, the S&P
500 cleared its five-year closing high of 1,466.47. The S&P 500SPX
+0.76% added
11.10 points, or 0.8%, to 1,472.12, with financials leading sector gains among
its 10 major industry groups. Microsoft Corp. MSFT
+0.38% fell
0.9% after Morgan Stanley downgraded the globe’s biggest software manufacturer
to equalweight from underweight. Tiffany & Co.TIF
-4.52%
reported holiday-season sales that hinted the luxury
retailer’s rapid growth of recent years was languishing in the United States,
Europe and Japan. The company projected annual earnings at the low end of its
prior guidance. Shares of Tiffany shed 4.5%. “Especially with earnings season beginning, we’re much more focused on
stock-specific reports,” said Dan Greenhaus, chief global strategist at BTIG
LLC. After falling into the red, the Nasdaq Composite COMP
+0.51%
recouped to end at 3,121.76, up 15.95 points, or 0.5%. Shares of Apple Inc. AAPL
+1.24% rose
1.2%. The Wall Street Journal reported that Apple CEO Tim Cook recently met with
the chairman of China Mobile, triggering speculation that the mobile carrier may
soon be offering the iPhone. For every stock falling nearly two gained on the New York Stock Exchange,
where 727 million shares traded. Composite volume exceeded 4 billion. “The jobs data was benign, and the wholesale data nobody cares about,” said
Greenhaus of U.S. economic reports, which had inventories at U.S. wholesalers up
0.6% in November and new applications for jobless benefits rising slightly last
week. However, the level of jobless claims revealed little change over the past
few months and was consistent with a modestly improving U.S. labor market.
Thursday's Closing Dow Numbers:
******************
The following are excerpts from Thurs. morning's Blog:
Thursday'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 |
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UNH | | NYSE | |||
| UTX | | NYSE | |||
| VZ | | DualListed |
| WMT | | NYSE |
******************
The following are excerpts from Thurs. morning's Blog:
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 Industrial Average: The Dow Jones Industrial Average closed Wednesday at 13,390.51 up 61.66 or 0.46% from Tuesday's close of 13,328.85. For the year the Dow is up 2.19%. Of the Dow components 18 gained and 12 declined. The biggest gainer dollar-wise and percentage-wise was Boeing up $2.58 or 3.47%. The biggest decliner dollar-wise and percentage-wise was IBM down 63 cents or 4.76%.
WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
NYT pB9 "Shares rise as companies begin to report ernings" by AP says stocks rose after corp earnings reports got off to a good start. Boeing was the biggest gainer after it said it had confidence in its 787.
IBD pB2 "Techs ex Apple move up as major indexes rebound" by David Saito-Chung says stocks regained their footing Wed after fading lower the prior 2 sessions. Wed's action saw mild gains in mixed trade while the current outlook is still a confirmed uptrend. Alcoa expressed a brighter forecast for demand in '13.
FT p22 "Investros give Apollo low grades as enrolment continues to fall" by Anora Mahmudova says US equities registered muted gains Wed after 2 sessions of declines as 4Q earnings season began with positive results from Alcoa. Banking stocks gave up most of their gains by the close with Bank of America down 4.8%.
Wednesday's Dow Jones Industrial Average closing numerator was 1,743.66 up 8.03 from Tuesday's closing numerator of 1,735.63. 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 Wednesday's Dow Jones Industrial Average was $58.12 up 27 cents from Tuesday's average of $57.85. The median closing price of Wednesday's Dow Jones Industrial Average was $51.58 (DIS/UNH) up 50 cents from Tuesday's median closing price of $51.08. 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 made $803 ($174,360 - $173,563).
Wednesday 1/9/13 MarketWatch 4:09 pm by Kate Gibson says U.S. stocks ended modestly higher on Wednesday to halt a losing streak at two days after aluminum producer Alcoa Inc. AA-0.22% gave an upbeat forecast for 2013. Alcoa "could be a barometer for the global economy or it could be a company that has done a good job of repairing its balance sheet, or it could be a combination of both," said Art Hogan, market strategist at Lazard Capital Markets. "The good news is we haven't had a household name blow up yet," Hogan added. The Dow Jones Industrial Average DJIA+0.46% rose 61.66 points, or 0.5%, to 13,390.51. The S&P 500 index SPX+0.27% added 3.87 points, or 0.3%, to 1,461.02. The Nasdaq Composite COMP+0.45% climbed 14 points, or 0.5%, to 3,105.81.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pC10 "Dish network throws up hurdle for Sprint" by Miriam Gottfried, USA Today p3B "T-Mobile CEO Legere not shy on plans" by Edward C. Baig, IBD pA4 "Sprint-Celarwife saild likely" by Reinhardt Krause, WSJ pB1 "In Clearwire gambit, spectrum is the prize" by Anton Troianovski, Shalini Ramachandran, Anupreeta Das say Sprint has issued a nonbinding proposal to buy Clearwire spectrum and 25% of its shares. Sprint needs the spectrum to build a next generation network to compete with Verizon Wireless & AT&T.
Alcoa: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
USAT p4B "Alcoa" says Alcoa kicked off 4Q earnings season on a bright note by meeting earnings forecast & isuing a positive outlook for '13 alum demand.
IBD pB2 "Techs ex Apple move up as major indexes rebound" by David Saito-Chung says stocks regained their footing Wed after fading lower the prior 2 sessions. Wed's action saw mild gains in mixed trade while the current outlook is still a confirmed uptrend. Alcoa expressed a brighter forecast for demand in '13.
FT p22 "Investros give Apollo low grades as enrolment continues to fall" by Anora Mahmudova says US equities registered muted gains Wed after 2 sessions of declines as 4Q earnings season began with positive results from Alcoa. Banking stocks gave up most of their gains by the close with Bank of America down 4.8%.
American Express: No mentions found.
Bank of America: FT p22 "Investros give Apollo low grades as enrolment continues to fall" by Anora Mahmudova says US equities registered muted gains Wed after 2 sessions of declines as 4Q earnings season began with positive results from Alcoa. Banking stocks gave up most of their gains by the close with Bank of America down 4.8%.
WSJ pC1 "Mortgage deals came just in time" by Michael Rapoport says the $8.5 bil legal settlement allows Bank of America, JPMorgan, Citi and Wells to take advance of subsequent events accounting rules.
Boeing: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
NYT pB2 "Boeing says 787 is safe despite recent problems" by Jad Mouawad and same story at AJC pA9 "Amid incidents, Boeing insists airplane is safe" by Jad Mouawad, NYT, WSJ pB1 "Boeing tries to defuse fears about Dreamliner" by Jon Ostrower & Andy Pasztor say Boeing defended the 787 safety after 3 incidents in 3 days saying it had many redundant systems.
FT p14 "Mishaps mar new year for Boeing" by Andrew Parker says problems with the 787 overshadow Boeing's progress in other areas.
NYT pB9 "Shares rise as companies begin to report ernings" by AP, IBD pA1 "boeing rises despite glitches" say stocks rose after corp earnings reports got off to a good start. Boeing was the biggest gainer after it said it had confidence in its 787.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: USA Today p1B 2 days with a tech titan on a mission" by Jon Swwartz is a cover story profile on CEO John Chamber in his goal to make Cisco the top supplier of info technology for big businesses by broadening its portfolio of services & software. IBM outsells Cisco 2 to 1 in IT gaer.
Coke: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pB8 "Natural gas rally fizzles" by Daniel Gilbert says the rally in gas prices that began last summer has stalled spelling trouble for Exxon and other gas producers.
GE: No mentions found.
Hewlett-Packard: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to increase.
FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
Home Depot: No mentions found.
Intel: FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
IBM: USA Today p1B 2 days with a tech titan on a mission" by Jon Swwartz is a cover story profile on CEO John Chamber in his goal to make Cisco the top supplier of info technology for big businesses by broadening its portfolio of services & software. IBM outsells Cisco 2 to 1 in IT gaer
JPMorgan: WSJ pC3 "More money funds to report daily" by Kirsten Grind says JPMorgan and others will start posting net asset values following Goldlman Sachs's lead.
WSJ pC1 "Mortgage deals came just in time" by Michael Rapoport says the $8.5 bil legal settlement allows Bank of America, JPMorgan, Citi and Wells to take advance of subsequent events accounting rules.
Johnson & Johnson: No mentions found.
McDonald's: IBD pA2 "McDonald's expanding in Italy" says it will invest $457 mil in Italy.
Merck: No mentions found.
Microsoft: FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
IBD pA4 "Google's practice of search bias not seen as harming consumers" by Kevin Shalvey says this claim is despite disagreeing statements from Microsoft and other Google competitors.
Pfizer: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
UnitedHealth: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
United Technologies: No mentions found.
Verizon: WSJ pC10 "Dish network throws up hurdle for Sprint" by Miriam Gottfried, USA Today p3B "T-Mobile CEO Legere not shy on plans" by Edward C. Baig, IBD pA4 "Sprint-Celarwife saild likely" by Reinhardt Krause, WSJ pB1 "In Clearwire gambit, spectrum is the prize" by Anton Troianovski, Shalini Ramachandran, Anupreeta Das say Sprint has issued a nonbinding proposal to buy Clearwire spectrum and 25% of its shares. Sprint needs the spectrum to build a next generation network to compete with Verizon Wireless & AT&T.
Walmart: No mentions found.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pC10 "Dish network throws up hurdle for Sprint" by Miriam Gottfried, USA Today p3B "T-Mobile CEO Legere not shy on plans" by Edward C. Baig, IBD pA4 "Sprint-Celarwife saild likely" by Reinhardt Krause, WSJ pB1 "In Clearwire gambit, spectrum is the prize" by Anton Troianovski, Shalini Ramachandran, Anupreeta Das say Sprint has issued a nonbinding proposal to buy Clearwire spectrum and 25% of its shares. Sprint needs the spectrum to build a next generation network to compete with Verizon Wireless & AT&T.
Alcoa: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
USAT p4B "Alcoa" says Alcoa kicked off 4Q earnings season on a bright note by meeting earnings forecast & isuing a positive outlook for '13 alum demand.
IBD pB2 "Techs ex Apple move up as major indexes rebound" by David Saito-Chung says stocks regained their footing Wed after fading lower the prior 2 sessions. Wed's action saw mild gains in mixed trade while the current outlook is still a confirmed uptrend. Alcoa expressed a brighter forecast for demand in '13.
FT p22 "Investros give Apollo low grades as enrolment continues to fall" by Anora Mahmudova says US equities registered muted gains Wed after 2 sessions of declines as 4Q earnings season began with positive results from Alcoa. Banking stocks gave up most of their gains by the close with Bank of America down 4.8%.
American Express: No mentions found.
Bank of America: FT p22 "Investros give Apollo low grades as enrolment continues to fall" by Anora Mahmudova says US equities registered muted gains Wed after 2 sessions of declines as 4Q earnings season began with positive results from Alcoa. Banking stocks gave up most of their gains by the close with Bank of America down 4.8%.
WSJ pC1 "Mortgage deals came just in time" by Michael Rapoport says the $8.5 bil legal settlement allows Bank of America, JPMorgan, Citi and Wells to take advance of subsequent events accounting rules.
Boeing: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
NYT pB2 "Boeing says 787 is safe despite recent problems" by Jad Mouawad and same story at AJC pA9 "Amid incidents, Boeing insists airplane is safe" by Jad Mouawad, NYT, WSJ pB1 "Boeing tries to defuse fears about Dreamliner" by Jon Ostrower & Andy Pasztor say Boeing defended the 787 safety after 3 incidents in 3 days saying it had many redundant systems.
FT p14 "Mishaps mar new year for Boeing" by Andrew Parker says problems with the 787 overshadow Boeing's progress in other areas.
NYT pB9 "Shares rise as companies begin to report ernings" by AP, IBD pA1 "boeing rises despite glitches" say stocks rose after corp earnings reports got off to a good start. Boeing was the biggest gainer after it said it had confidence in its 787.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: USA Today p1B 2 days with a tech titan on a mission" by Jon Swwartz is a cover story profile on CEO John Chamber in his goal to make Cisco the top supplier of info technology for big businesses by broadening its portfolio of services & software. IBM outsells Cisco 2 to 1 in IT gaer.
Coke: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pB8 "Natural gas rally fizzles" by Daniel Gilbert says the rally in gas prices that began last summer has stalled spelling trouble for Exxon and other gas producers.
GE: No mentions found.
Hewlett-Packard: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to increase.
FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
Home Depot: No mentions found.
Intel: FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
IBM: USA Today p1B 2 days with a tech titan on a mission" by Jon Swwartz is a cover story profile on CEO John Chamber in his goal to make Cisco the top supplier of info technology for big businesses by broadening its portfolio of services & software. IBM outsells Cisco 2 to 1 in IT gaer
JPMorgan: WSJ pC3 "More money funds to report daily" by Kirsten Grind says JPMorgan and others will start posting net asset values following Goldlman Sachs's lead.
WSJ pC1 "Mortgage deals came just in time" by Michael Rapoport says the $8.5 bil legal settlement allows Bank of America, JPMorgan, Citi and Wells to take advance of subsequent events accounting rules.
Johnson & Johnson: No mentions found.
McDonald's: IBD pA2 "McDonald's expanding in Italy" says it will invest $457 mil in Italy.
Merck: No mentions found.
Microsoft: FT p12 "Tablets are proving to be a bitter pill for the PC world" by Richard Waters says the tech industry was founded on growth and did not usually pay dividends but Microsoft's dividend yield has doubled to 3.5% since the iPad came out at the start of '10. Microsoft has now paid dividend for 10 years, IBM has been paying dividends for 25 years. In the last 2 years Intel's dividend yield has climbed by 45% while Hewlett-packard and Dell are both over 3%.
IBD pA4 "Google's practice of search bias not seen as harming consumers" by Kevin Shalvey says this claim is despite disagreeing statements from Microsoft and other Google competitors.
Pfizer: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
UnitedHealth: WSJ pC4 "Stocks spring forward" by Jonathan Cheng says stocks snapped back for their frist gain in 3 days with health care, ind'ls & materials shares leading the charge. Boeing bounced back to lead the Dow a day after it fell 2.6%.. Hewlett-Packard rose 46 cents, UnitedHealth Group rose 97 cents and Pfizer gained 45 cents. Alcoa fell 2 cents after it reported rev was above forecasts but that it expects the pace of aluminum demand growth in '13 to incerase.
United Technologies: No mentions found.
Verizon: WSJ pC10 "Dish network throws up hurdle for Sprint" by Miriam Gottfried, USA Today p3B "T-Mobile CEO Legere not shy on plans" by Edward C. Baig, IBD pA4 "Sprint-Celarwife saild likely" by Reinhardt Krause, WSJ pB1 "In Clearwire gambit, spectrum is the prize" by Anton Troianovski, Shalini Ramachandran, Anupreeta Das say Sprint has issued a nonbinding proposal to buy Clearwire spectrum and 25% of its shares. Sprint needs the spectrum to build a next generation network to compete with Verizon Wireless & AT&T.
Walmart: No mentions found.
Wednesday's Closing Dow Numbers:
*****************
Here are the current CEOs of the Dow 30 Companies:| 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 |
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 retirement in May '13)
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)
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Here are the Dow Jones Industrial Average 30 as of 1/1/13 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $394.61
2. WalMart WMT 228.25
3. Microsoft MSFT 224.80
4. GE 220.11
5. IBM 216.44
6. Chevron CVX 211.65
7. AT&T T 194.47
8. Johnson & Johnson JNJ 194.27
9. Procter & Gamble PG 185.63
10. Pfizer PFE 184.65
11. JPMorgan Chase JPM 167.14
12. Coke KO 162.59
13. Bank of America BAC 125.13
14. Merck MRK 124.46
15. Verizon VZ 123.49
16. Cisco CSCO 104.32
17. Intel INTC 102.61
18. Home Depot HD 92.48
19. McDonald's MCD 88.56
20. Disney DIS 88.23
21. United Technologies UTX 75.17
22. American Express AXP 64.32
23. 3M MMM 64.25
24. Caterpillar CAT 58.60
25. Boeing BA 56.83
26. UnitedHealth UNH 55.41
27. DuPont DD 41.94
28. Travelers TRV 27.40
29. Hewlett-Packard HPQ 27.76
30. Alcoa AA 9.26
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/13:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/18/12 8K re: issuance of long term Global Notes
12/17/12 8K re: sales of 1 bil in Euros of 3.5% of Global Notes due 2032
12/12/12 8K re: extension of $5 bil revolving credit agreement
12/11/12 8K re: closing of sale of $4bil of Global Notes
12/4/12 8K re: underwriting agreement Global Notes due '20
11/20/12 8K re: 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: 12/17/12 8K re: delinq. & write-of stats for 3 months ended 11/30/12
12/12/12 8K re: results of notes exchange offer
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
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: 12/19/12 8K re: award of stock options to execs
12/17/12 8K re: increase of quarterly div. & resumption of share buyback program
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
Caterpillar CAT: 12/20/12 8K re: supplemental info re: sales of machines & power systems
12/17/12 8K re: retirement from Bd. of Eugene V. Fife due to mandatory retirement age
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
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: 12/21/12 & 12/19/12 8Ks re: execs' pre-arranged stock trading plan
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
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
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
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
GE: 12/13/12 8K re: revised segment fin'l info for prior 2 qtrs.
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: 12/27/12 10K for year ended 10/31/12
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
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: 12/14/12 8K re: issuance of $175 mil of 4.2% due 2042
12/11/12 8K re: issuance of $6 bil of notes
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
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
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
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
McDonald's MCD: 12/13/12 8KA & 12/11/12 re global sales
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.
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: 12/12/12 8K re: fin'l outlook for 2013 and eps estimate
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: 12/17/12 8K re: completion of sale of ind'l products biz for $3.46 to finance purchase of Goodrich which closed earlier in the year
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: 12/10/12 8K re: purchase of single premium annuity contract
from Prud'l to settle $7.5 bil of pension liabilities
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
END
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