Post No. 2,007 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 Friday at 13,649.7 up 53.68 or 0.39% from Thursday's close of 13,596.02. For the week the Dow is up 161.27 or 1.20% from last Friday's close of 13,488.43. Of the Dow components 22 gained, Hewlett-Packard and Microsoft were unchanged and 6 declined. The biggest gainer dollar-wise was Caterpillar up $1.92 and percentage-wise was GE up 3.47%. The biggest decliner dollar-wise and percentage-wise was Intel down $1.43 or 6.31%.
As of the open of the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.130216081. Friiday's trailing P/E ratio is 15.01 up from yesterday's opening trailing P/E ratio of 14.95 (year ago it was 13.63); today's P/E estimate is 12.21 unchanged from Thursday' s opening P/E estimate of 12.21 (year ago it was 11.92) and today's dividend yield is 2.62 up from yesaterday's opening dividend yield of 2.60 (last year it was 2.54). 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 1,777.41 up 6.99 from Thursday's closing numerator of 1,770.42. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.130216081) you get the increase in today's Dow. A dollar increase or decrease in a Dow stock results in a $7.68 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $59.25 up 24 cents from Thursday's average of $59.01. The median closing price of Friday's Dow Jones Industrial Average was $53.45 (DIS/UNH) up 2 cents from Thursday's median closing price of $53.43. 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 $699 ($177,741 - $177,042).
Friday MarketWatch 1/18/13 4:12 pm by Polya Lesova says US stocks gained on Friday following strong results from General Electric Co. GE +3.47% , though a slump for Intel Corp. INTC -6.31% weighed on the technology sector. The Dow Jones Industrial Average DJIA +0.39% rose 53.68 points, or 0.4%, to end at 13,649.70, leaving it up 1.2% for the week. The S&P 500 index SPX +0.34% climbed 5.04 points, or 0.3%, to 1,485.98; it posted a weekly gain of 1%. Bucking the positive trend, the technology-heavy Nasdaq Composite COMP -0.04% slipped 1.30 points to 3,134.71, though it rose 0.3% for the week.
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 |
The following are excerprts from Friday morning's Blog.
A read of the print editions of Friday's Wall St. Journal, Financial Times, New York Times, Investor's Business Daily, 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 Thursday's stock prices and related data in alphabetical order.
Dow Jones Industrial Average:The Dow Jones Industrial Average closed Thursday at 13,596.02 up 84.79 or 0.63% from Wednesday's close of 13,511.23. For the year the Dow is up 3.75%. Of the Dow components 24 gained and 6 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard p $1.26 or 1.97%. The biggest decliner dollar-wise and percentage-wise was Bank of America up $1.26 or 1.97%.
WSJ pC4 "Stocks put on their rally shoes" by Alexandra Scaggs says stocks rallied to to good news on the US economy, progress over the debt ceiling and talk of central bank stimulus in Japan. Bank of America lis charted under Bad news as Fannie related charges & a foreclosure settlement weighed on results.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
IBD pB2 "Stocks keep to uptrend despite some negatives" by Paul Whitfield says stock indexes on Thurs cleared recent, breif consoldiations as volume picked up as the current outlook is still a confirmed uptrend.
NYT pB8 "Strong economic data lifts S&P to 5 year high" says the S&P rose on strong reports on housing starts & unemployment claims.
AJC pA15 "Rally on economic reports" by AP says US stocks surged Thurs after strong reports on housing starts & unem ployment claims made investors more optimistic.
Thursday's Dow Jones Industrial Average closing numerator was 1,770.42 up 11.04 from Wednesday's closing numerator of 1,759.38. 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 $59.01 up 36 cents from Wednesday's average of $58.65. The median closing price of Thursday's Dow Jones Industrial Average was $53.43 (DIS/UNH) up 83 cents from Wednesday's median closing price of $52.60. 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 $1,104 $177,042 - ($175,938).
Thursday MarketWatch 1/17/13 3:48 pm by Kate Gibson says the the Dow Jones Transportation Average DJT+0.66% hit a record high as investors adopted a ‘buy the break’ mentality after government data had housing starts rising more than anticipated and jobless claims dropping to a five-year low, helping propel home builders and other consumer-discretionary companies to robust gains.The index of 20 transport companies including shippers FedEx Corp. FDX+0.39% and United Parcel Service Inc. UPS+0.16%, as well as airlines and trucking firms, is viewed as an indicator of economic activity.Rising above the 1,474 resistance level, the S&P 500 index SPX+0.56% rallied 9.77 points, or 0.7%, to 1,482.40, a level that would have it at its best finish since Dec. 26, 2007. Tom Albanese of Rio Tinto becomes the latest mining industry chief executive to step down. The WSJ's Andrew Critchlow explains why Mr. Albanese left and what that means for the Australian company. After a 122-point surge, the Dow Jones Industrial Average DJIA+0.63% was lately up 103.42 points, or 0.8%, to 13,614.65, with 24 of its 30 components rising.The Nasdaq Composite index COMP+0.59% rose 20.07 points, or 0.6%, to 3,137.61.Economic news buoyed the mood on Wall Street. The Commerce Department reported housing starts jumped 12.1% in December, the biggest gain since June 2008. “The residential data was a big surprise; we expected a gain, but we did not expect that gain,” said Elizabeth Ptacek, senior vice president and a senior credit real estate analyst at KeyBank.Separately, the Labor Department reported applications for jobless benefits last week declined by 37,000 to 335,000, the lowest since January 2008. The jobless-claims report “suggests that we’re likely to see nonfarm payrolls expand at perhaps a better rate than we’ve seen in recent months, and is keeping a bid in the market here,” said Eric Wiegand, portfolio manager at U.S. Bank Wealth Management.“It’s a welcome reprieve from all of the concerns investors have been tracking regarding the activity or lack of activity in Washington,” he said.
“The labor and housing figures were really quite compelling and exceeded expectations rather handily in both cases,” Wiegand said of the data, which helped brighten views of the U.S. economy and diverted attention, even if only temporarily, from the coming debate in Washington over the debt ceiling and government spending.House Republicans are mulling the idea of a short-term increase in the U.S. debt ceiling to allow for time to debate reduced government spending, Budget Committee Chairman Paul Ryan told reporters, according to media reports. The Wisconsin Republican spoke Thursday at a press conference outside Williamsburg, Va., where House Republicans are meeting to consider strategy. Not all of Thursday’s economic news was positive, however, with an index of manufacturing activity in the Philadelphia region turning negative in January. For every stock falling more than three gained on the New York Stock Exchange, where nearly 445 million shares traded as of 3:30 p.m. Eastern. Composite volume neared 3 billion.Not all of Thursday’s economic news was positive, however, with an index of manufacturing activity in the Philadelphia region turning negative in January. For every stock falling more than three gained on the New York Stock Exchange, where 710 million shares traded. Composite volume neared 3.7 billion.
Dow gainers included Intel Corp. INTC-2.03%, up 2.6% after releasing fourth-quarter earnings just before the close. Cisco Systems Inc. CSCO-0.38% fell 0.4% after J.P. Morgan reduced its rating to underweight from neutral. Bank of America Corp. BAC-4.24% lost 4.2% after the lender reported a 63% decline in fourth-quarter profit. Boeing Co. BA+1.24% shares rose 1.2%, reversing losses that came after U.S. regulators ordered its global fleet of 787 Dreamliners grounded after one of the planes made an emergency landing, the latest in a series of mishaps.Off the Dow, shares of CBS Corp. CBS+7.93% jumped 7.9% after the media company said it would convert its outdoor advertising unit to a real-estate investment trust and would solicit a buyer for the Asian and European portions of that business.Citigroup Inc.’s C-2.92% shares fell 2.9% after the bank reported a profit rise that came in below estimates. EBay Inc. EBAY+2.40% rose 2.4% after the online auctioneer reported revenue that exceeded some Wall Street estimates.
Shares of iPhone and iPad maker Apple Inc. AAPL-0.67% slipped 0.7%. Apple’s shares are down 3.4% so far this week following concerns about demand for the iPhone 5.The iPhone has recently assumed the boom-bust characteristics that have made investors especially jumpy.
Friday's Dow News followed by Thursday's Closing Dow numbers:
AT&T: NYT pB2 "AT&T will take a charge of $10 bil for pensions" by Reuters, IBD pA2 "AT&T" say AT&T warned of a $10 bil pretax Q4 charges to to high susidies on the 10.2 mil smartphones it sold in Q4.
IBD pA14 "If AT&T eyes Europe deal, would it go small or big" by Reinhardt Krause discusses the European M&A rumours.
Alcoa: No mentions found.
American Express: AJC pA14 "American Express' net income akes a hit", WSJ pC2 "Credit card giants strained" by Andrw R. Johnson, Matthias Rieker say American Express siad its provision for loan losses & expenses incresed in 4Q. Fro the 3 months ended 12/31 American Express had net income of $637 mil or 56 cents a share vs. $1.2 bil or $1.01 per share lasat year.
Bank of America: FT p13 "Citi and BofA fail to dispel concerns" by Tom Braithwaite, AJC pA14 "Mortgage mess batters Bank of America", IBD pB6 "Banks' results offer housing market clues" by Alan R. Elliott, IBD pA1 "BofA, Citi face head winds", NYT pB1 "Mortgage crisis lingers on at Citi and Bank of America" by Ben Protess, Jessica Silver-Greenberg, USA p3B "Losers" say Bank of America made $367 mil in he last 3 months of '12 after paying preferred dividends, down from $1.6 bil in the same period a year ago.
WSJ pC1 "Regionals outplay big banks" by Suzanne Kapner, Shayndi Raice says latest earnings reports illustrate benefits of simpler businesses, sharper focus. Bank of America, the 2nd largest US bank by assets, had a 63% decline in 4Q net income, due to mortgage related legal costs. Bank of America's mortgage originatins were flat vs a year earlier in 4Q & dropped 50% for '12 to $75.1 bil. Mortgage originations were up 24% to $181 bil at JPMorgan for 4Q.
WSJ pC4 "Stocks put on their rally shoes" by Alexandra Scaggs says stocks rallied to to good news on the US economy, progress over the debt ceiling and talk of central bank stimulus in Japan. Bank of America lis charted under Bad news as Fannie related charges & a foreclosure settlement weighed on results.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Boeing: WSJ pB1 "Boeing in crisis" by Andy Pasztor, Jon Ostrower, WSJ pB1 "Batteries on planes were safety worry" by Daniel Michaels, WSJ pB1 "Post jet grounding, airliens scramble to develop Plan Bs" by Doug Cameron, Jeffrey Ng, Jack Nicas, USA Today p8B "FAA focuses on safety of Beoing 787 Dreamliner's batteries" by Bart Jansen, NYT pA1 "Inside the 787, an unsettling risk for Boeing" by Jad Mouawad, Christpher Drew, FT p16 "Groudning threatens Boeing's 787 dream" by Andrew Parker, James Boxell, Robert Wright, IBD pA1 "Boeing 787 troubles spread", AJC pA13 "Batteries under scrutiny" by Brier Dudley, Seattle Times say in approving the Dreamliner in '11, the FAA relied on Boeing data showing that the advanced battery systems, never before used on a big jet, featured redunancies that made the foolproff. The FAA decided Wed to halt 787 flights after 2 major battery malfunctions and regulators around the world did the same, grounding all 50 Dreamliner.
WSJ pC3 "Bank to launch jet venture" by Doug Cameron, Dan Fitzpatrick says Wells Fargo will start its own aircraft leasing firm as more airlines rent due to mroe fuel efficient jets such as the Boeing 737 Max.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC1 "GE gets penalized for a cpaital busienss" by Spencer Jakab, GE: still a bank" by Kate Linebaugh say in the past 3 months GE's shares have lagged and analysts expect GE to have 4Q earnings of 41 cents a share on Fri.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: WSJ pB3 "Intel hurt by PC shift" by Don Clark, IBD pA1 "Intel A1 sales outlook weak", AJC pA14 "Income down, but Intel beats expectations", NYT pB3 "Intel's earnings are sharply lower" by Quentin Hardy, IBD pA4 "Intel Q1 Rev forecast lags; shares slump in late trading" by Patrick Seitz, say for the quarter ended 12/29 Intel's net income was $2.47 bil or 48 cents down from $3.36 bil or 64 cents a year earlier. Rev fell to $13.5 bil from $13.89 bil in line with Intel guidance. For the current quarte, Intel expects rev of $12.2 bil to $13.2 bil.
IBM: No mentions found.
JPMorgan: WSJ pC1 "Regionals outplay big banks" by Suzanne Kapner, Shayndi Raice says latest earnings reports illustrate benefits of simpler businesses, sharper focus. Bank of America, the 2nd largest US bank by assets, had a 63% decline in 4Q net income, due to mortgage related legal costs. Bank of America's mortgage originatins were flat vs a year earlier in 4Q & dropped 50% for '12 to $75.1 bil. Mortgage originations were up 24% to $181 bil at JPMorgan for 4Q.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Johnson & Johnson: WSJ pB3 "Metal hip implants face tighgter controls" by Thomas M. Burton says there have been recalls of hip joints in the past five years including from Johnson & Johnson's DePuy unit.
McDonald's: IBD pA2 "McDonald's" says McDoanld's is adding breakvast value meal combos in Japan.
Merck: No mentions found.
Microsoft: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
UnitedHealth: WSJ pB3 "UnitedHealth weighs in on new exchange option" by Anna Wilde Mathews, Jon Kamp, NYT pB8 "UnitedHealth's income falls slightly as medical costs rise" by Reuters, FT p14 "UnitedHealth expects higehr earnings next year" by AlanRappeport, AJC pA14 "UnitedHealth's income slips as costs grow" say UnitedHealth the biggest US isnurer became the latest of the indsutry's major players to signal that it would focus on a limited number of markets as the fed health overhaul law's new exchanges roll out. CEO Stephen J. Hemsley said it would participate in 10 to 25 of the marketpalces out of as amny as 100. UnitedHealth';s 4Q net income slipped 1% due to rise in costs from medical claims. It earned $1.24 bil or $1.20 per share in the qtr ended 12/31 vs $1.26 bil or $1.17 a year ago.
United Technologies: No mentions found.
Verizon: No mentions found.
Walmart: FT p8 "Grateful for Walmart's commitment to job creation" is a letter from Richard Ruda supporting Walmart's recent efforts.
Friday's Dow News followed by Thursday's Closing Dow numbers:
AT&T: NYT pB2 "AT&T will take a charge of $10 bil for pensions" by Reuters, IBD pA2 "AT&T" say AT&T warned of a $10 bil pretax Q4 charges to to high susidies on the 10.2 mil smartphones it sold in Q4.
IBD pA14 "If AT&T eyes Europe deal, would it go small or big" by Reinhardt Krause discusses the European M&A rumours.
Alcoa: No mentions found.
American Express: AJC pA14 "American Express' net income akes a hit", WSJ pC2 "Credit card giants strained" by Andrw R. Johnson, Matthias Rieker say American Express siad its provision for loan losses & expenses incresed in 4Q. Fro the 3 months ended 12/31 American Express had net income of $637 mil or 56 cents a share vs. $1.2 bil or $1.01 per share lasat year.
Bank of America: FT p13 "Citi and BofA fail to dispel concerns" by Tom Braithwaite, AJC pA14 "Mortgage mess batters Bank of America", IBD pB6 "Banks' results offer housing market clues" by Alan R. Elliott, IBD pA1 "BofA, Citi face head winds", NYT pB1 "Mortgage crisis lingers on at Citi and Bank of America" by Ben Protess, Jessica Silver-Greenberg, USA p3B "Losers" say Bank of America made $367 mil in he last 3 months of '12 after paying preferred dividends, down from $1.6 bil in the same period a year ago.
WSJ pC1 "Regionals outplay big banks" by Suzanne Kapner, Shayndi Raice says latest earnings reports illustrate benefits of simpler businesses, sharper focus. Bank of America, the 2nd largest US bank by assets, had a 63% decline in 4Q net income, due to mortgage related legal costs. Bank of America's mortgage originatins were flat vs a year earlier in 4Q & dropped 50% for '12 to $75.1 bil. Mortgage originations were up 24% to $181 bil at JPMorgan for 4Q.
WSJ pC4 "Stocks put on their rally shoes" by Alexandra Scaggs says stocks rallied to to good news on the US economy, progress over the debt ceiling and talk of central bank stimulus in Japan. Bank of America lis charted under Bad news as Fannie related charges & a foreclosure settlement weighed on results.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Boeing: WSJ pB1 "Boeing in crisis" by Andy Pasztor, Jon Ostrower, WSJ pB1 "Batteries on planes were safety worry" by Daniel Michaels, WSJ pB1 "Post jet grounding, airliens scramble to develop Plan Bs" by Doug Cameron, Jeffrey Ng, Jack Nicas, USA Today p8B "FAA focuses on safety of Beoing 787 Dreamliner's batteries" by Bart Jansen, NYT pA1 "Inside the 787, an unsettling risk for Boeing" by Jad Mouawad, Christpher Drew, FT p16 "Groudning threatens Boeing's 787 dream" by Andrew Parker, James Boxell, Robert Wright, IBD pA1 "Boeing 787 troubles spread", AJC pA13 "Batteries under scrutiny" by Brier Dudley, Seattle Times say in approving the Dreamliner in '11, the FAA relied on Boeing data showing that the advanced battery systems, never before used on a big jet, featured redunancies that made the foolproff. The FAA decided Wed to halt 787 flights after 2 major battery malfunctions and regulators around the world did the same, grounding all 50 Dreamliner.
WSJ pC3 "Bank to launch jet venture" by Doug Cameron, Dan Fitzpatrick says Wells Fargo will start its own aircraft leasing firm as more airlines rent due to mroe fuel efficient jets such as the Boeing 737 Max.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC1 "GE gets penalized for a cpaital busienss" by Spencer Jakab, GE: still a bank" by Kate Linebaugh say in the past 3 months GE's shares have lagged and analysts expect GE to have 4Q earnings of 41 cents a share on Fri.
Hewlett-Packard: No mentions found.
Home Depot: No mentions found.
Intel: WSJ pB3 "Intel hurt by PC shift" by Don Clark, IBD pA1 "Intel A1 sales outlook weak", AJC pA14 "Income down, but Intel beats expectations", NYT pB3 "Intel's earnings are sharply lower" by Quentin Hardy, IBD pA4 "Intel Q1 Rev forecast lags; shares slump in late trading" by Patrick Seitz, say for the quarter ended 12/29 Intel's net income was $2.47 bil or 48 cents down from $3.36 bil or 64 cents a year earlier. Rev fell to $13.5 bil from $13.89 bil in line with Intel guidance. For the current quarte, Intel expects rev of $12.2 bil to $13.2 bil.
IBM: No mentions found.
JPMorgan: WSJ pC1 "Regionals outplay big banks" by Suzanne Kapner, Shayndi Raice says latest earnings reports illustrate benefits of simpler businesses, sharper focus. Bank of America, the 2nd largest US bank by assets, had a 63% decline in 4Q net income, due to mortgage related legal costs. Bank of America's mortgage originatins were flat vs a year earlier in 4Q & dropped 50% for '12 to $75.1 bil. Mortgage originations were up 24% to $181 bil at JPMorgan for 4Q.
FT p22 "Fin'ls miss out as economic data lift S&P to 5 year high" by Arash Massoudi says US equites rose to thier highest level in 5 years Thurs even as Citi and BofA fell sharply after posting weaker than expected earnings. Bank of Ameica reported 4Q figures before the market opened. JPMOrgan fell 0.8% after reporting robust results a day earlier. Boeing contiued to slump for much of the day due to the grounding of the 787s but ticked higher to finish 1.2% up.
Johnson & Johnson: WSJ pB3 "Metal hip implants face tighgter controls" by Thomas M. Burton says there have been recalls of hip joints in the past five years including from Johnson & Johnson's DePuy unit.
McDonald's: IBD pA2 "McDonald's" says McDoanld's is adding breakvast value meal combos in Japan.
Merck: No mentions found.
Microsoft: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
UnitedHealth: WSJ pB3 "UnitedHealth weighs in on new exchange option" by Anna Wilde Mathews, Jon Kamp, NYT pB8 "UnitedHealth's income falls slightly as medical costs rise" by Reuters, FT p14 "UnitedHealth expects higehr earnings next year" by AlanRappeport, AJC pA14 "UnitedHealth's income slips as costs grow" say UnitedHealth the biggest US isnurer became the latest of the indsutry's major players to signal that it would focus on a limited number of markets as the fed health overhaul law's new exchanges roll out. CEO Stephen J. Hemsley said it would participate in 10 to 25 of the marketpalces out of as amny as 100. UnitedHealth';s 4Q net income slipped 1% due to rise in costs from medical claims. It earned $1.24 bil or $1.20 per share in the qtr ended 12/31 vs $1.26 bil or $1.17 a year ago.
United Technologies: No mentions found.
Verizon: No mentions found.
Walmart: FT p8 "Grateful for Walmart's commitment to job creation" is a letter from Richard Ruda supporting Walmart's recent efforts.
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 |
| 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 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
****************************************
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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