Post No. 2,027 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 2/1/13 and recent Dow 30 components' SEC filings as of 2/1/13.
A read of the print editions of Monday's Barron's & Investor's Business Daily and the combined Sat/Sun issues of the Wall St. Journal & Financial Times; and Saturday's New York Times & Atlanta Journal Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Friday's stock prices and related data in alphabetical order.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 14,009.79 up 149.21 or 1.07% from Thursday's close of 13,860.58. For the week the Dow was up 113.81 or 0.80% from last Friday's close of 13,895.98. For the year the Dow is up 6.91%. Of the Dow components 22 gained and 2 declined. The biggest gainer dollar-wise was United Technologies up $2.27 and percentage-wise was Bank of America up 3.45%. The biggest decliner dollar-wise and percentage-wise was Merck down $1.42 or 3.28%.
Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
IBD pB8 "Stocks post solid gains, thrust through resistance" by Paul Whitfield says stock indexes opened Feb with bulldozer moves as the S&P and the NYSE composite rumbled ot new highs. Friday's action was up in lower volume; The current outlook is a confirmed uptrend.
NYT pB7 "Dow tops 14,000 for the first time since 2007" by AP says the Dow has been rising steadily for about a month.
As of the close of the market on Friday the current divisor for the Dow Jones Industrial Average found at page B6 of Saturday's Wall St. Journal is 0.130216081. Friday's closing trailing P/E ratio is 15.37 up from Friday's opening trailing P/E ratio of 15.29 (year ago it was 14.17); Friday's closing P/E estimate is 12.54 up from Friday' s opening P/E estimate of 12.28 (year ago it was 12.15) and Friday's closing dividend yield is 2.50 down from Friday's opening dividend yield of 2.51 (last year it was 2.49). 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 1,824.30 up 19.43 from Thursday's closing numerator of 1,804.87. 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 Monday by the divisor (0.130216081) you get the increase in Friday'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 $60.81 up 65 cents from Thursday's average of $60.16. The median closing price of Friday's Dow Jones Industrial Average was $55.18 (DIS/UNH) up 59 cents from Thursday's median closing price of $54.59. 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 $1,943( $82,430-$180,487).
MarketWatch Friday 2/1/13 2:09 by Kate Gibson says U.S. stocks on Friday started a new month with strong gains, pushing the Dow industrials moved above 14,000, after the January jobs report supported the view of a recovery still on track.“We’re back to a level we haven’t been at since 2007, the Dow hitting 14,000 is just like the S&P 500 hitting 1,500 again,” said Darrell Cronk, regional chief investment officer at Wells Fargo Private Bank.“The primary driver is not the 157,000 new jobs, but the positive revisions to the months of November and December,” Cronk said, referring to the nonfarm payrolls report.Yes, says Cody Willard, who makes the case for buying into Facebook shares.The Dow Jones Industrial Average DJIA+1.08% was lately up 143.34 points, or 1%, to 14,003.92, crossing the 14,000 level for the first time since October 2007.The S&P 500 index SPX+1.01% gained 15.51 points, or 1%, to 1,513.62, with telecommunications leading the gains among its 10 major industry groups.The Nasdaq Composite COMP+1.18% added 38.83 points, or 1.2%, to 3,1810.92.For every stock falling nearly four rose on the New York Stock Exchange, where almost 415 million shares traded as of 1:55 p.m. Eastern. Composite volume surpassed 2.5 billion. Ahead of Friday’s open, stock-index futures had added to gains after the government reported the U.S. economy created a smaller-than-expected 157,000 jobs in January but added more the prior two months than initially thought. The January unemployment rate edged up 0.1% to stand at 7.9%.
The University of Michigan-Thomson Reuters index of consumer sentiment for January climbed to 73.8 from 72.9 at the end of the previous month. There was a raft of other economic data, both in the U.S. and overseas, for investors to pick through. Data from the euro zone showed the manufacturing sector continued to shrink in January, but at the slowest pace in 11 months.A similar measure of U.S. manufacturing reached the highest level since April.
Saturday's Dow News following by Friday's Closing Dow Numbers:
AT&T: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Alcoa: No mentions found.
American Express: Barron's p13 "Week preview" says on Tues 2/5 Cisco Systems gives an update on global mobile data traffic; on Wed. 2/6 American Express has a semiannual meeting with the fin'l community.
Bank of America: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Boeing: WSJ pB1 "Boeing to start building stretch 787" by Jon Ostrower, Andy Pasztor says Boeing will start assembling the next version of the 787 in the coming week called the 787-9 and would carry 40 more passengers and fly slightly farther than the current model which carries 250. It would use the same electrical system & lithium ion batteries as the current model. The Dreamliner was delayed by 3 1/2 years.
NYT pB1 "Investigators begin to test otehr parts on the 787" by Jad Mouawad, Christopher Drew says investigators are expanding their examination of othe electrical components.
IBD pA2 "Airbus" says Airbus it is studying alternatives to lithium ion rechargeable batteies for its next jet the A350 due to Boeing's problems.
Caterpillar: Brns pM14 "Research reports" says Barclays issued a report on 1/28 on Caterpillar as "overweight" says Caterpillar's 4Q reports were above expectations and there is still upside from current levels.
Chevron: WSJ pB1 "Exxon, Chevron receive big boost from refining" by Angel Gonzalez, Ben Lefebvre, Tom Fowler says Exxon posted a profit of $44.8 bil, second only to the record breaking $45.2 bil in '08, a year in which oil prices soared above $145 a barrel. Chevron also reported a surge in quarterly profit though its full year earnings edged lower. Exxon's profit was $9.95 bil or $2.20 a share up from $9.4 bil or $1.97 a year earlier. Chevron's 4Q earnings rose 41% to $7.25 bil mainly due to gains from an asset swap and strength in refining. Its full year profit was $26.2 bil off slightly from '11's $26.9 bil.
Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Cisco: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
GE: No mentions found.
Hewlett-Packard: Barron's p20 "Where to invest a million dollars now" by jack Hough says the GoodHaven fund was launched in '11 and makes concentrated bets on deep value stocks that can pay off nicely over the long term. Its holdings include Hewlett-Packard.
Home Depot: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Intel: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
IBM: No mentions found.
JPMorgan: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by Matt Jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's pM8 charts Merck saying afer it lost patent protection for astham drug Singulair, Dec quarter profit shrank 7% to $1.4 bil. guidance for '13 was cautious.
NYT pB2 "Merck delays application for Osteoporosis drug"by Katie Thonmas, IBD pA1 "Merck dealys drug approval" say Merck will delay seeking FDA approval for osteoporosis drug odanacatib.
Pfizer: WSJ pB3 "Zoetis surgers 19% in debut" by Chris Dieterich, Peter Loftus, IBD pA2 "Zoetis jumps 19% in debut", NYT pB2 "Shares of Zoetis climb in its initial offering" by Michael J. de la Merced say Pfizer's spin off raised $2.2 bil after it priced its offering of 86.1 mil shares at $26.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
UnitedHealth: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
United Technologies: No mentions found.
Verizon: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's p9 "Let's get cyclical" by Kopin Tan says investors have shunned Frontier Communications since it borrowered heavily and overpaid for 4.8 million landlines from Verizon Communications in '10.
Walmart: Barron's pM3 "Friday surge boosts Dow's '13 gain to 65" by Vito J. Racanelli says Walmart had a good '12 but have fallen 9% from a record $77.60 in mid-Oct. Walamrt is threatened by online sellers but it self is one of the biggest Internet retailers out there. 25% of its sales come from abroad up from 20% a few years ago. Walamrt is trading at a p/e of less than 13 times consensus analyst expectations of $5.50.
Saturday's Dow News following by Friday's Closing Dow Numbers:
AT&T: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Alcoa: No mentions found.
American Express: Barron's p13 "Week preview" says on Tues 2/5 Cisco Systems gives an update on global mobile data traffic; on Wed. 2/6 American Express has a semiannual meeting with the fin'l community.
Bank of America: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Boeing: WSJ pB1 "Boeing to start building stretch 787" by Jon Ostrower, Andy Pasztor says Boeing will start assembling the next version of the 787 in the coming week called the 787-9 and would carry 40 more passengers and fly slightly farther than the current model which carries 250. It would use the same electrical system & lithium ion batteries as the current model. The Dreamliner was delayed by 3 1/2 years.
NYT pB1 "Investigators begin to test otehr parts on the 787" by Jad Mouawad, Christopher Drew says investigators are expanding their examination of othe electrical components.
IBD pA2 "Airbus" says Airbus it is studying alternatives to lithium ion rechargeable batteies for its next jet the A350 due to Boeing's problems.
Caterpillar: Brns pM14 "Research reports" says Barclays issued a report on 1/28 on Caterpillar as "overweight" says Caterpillar's 4Q reports were above expectations and there is still upside from current levels.
Chevron: WSJ pB1 "Exxon, Chevron receive big boost from refining" by Angel Gonzalez, Ben Lefebvre, Tom Fowler says Exxon posted a profit of $44.8 bil, second only to the record breaking $45.2 bil in '08, a year in which oil prices soared above $145 a barrel. Chevron also reported a surge in quarterly profit though its full year earnings edged lower. Exxon's profit was $9.95 bil or $2.20 a share up from $9.4 bil or $1.97 a year earlier. Chevron's 4Q earnings rose 41% to $7.25 bil mainly due to gains from an asset swap and strength in refining. Its full year profit was $26.2 bil off slightly from '11's $26.9 bil.
Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Cisco: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
GE: No mentions found.
Hewlett-Packard: Barron's p20 "Where to invest a million dollars now" by jack Hough says the GoodHaven fund was launched in '11 and makes concentrated bets on deep value stocks that can pay off nicely over the long term. Its holdings include Hewlett-Packard.
Home Depot: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Intel: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
IBM: No mentions found.
JPMorgan: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by Matt Jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's pM8 charts Merck saying afer it lost patent protection for astham drug Singulair, Dec quarter profit shrank 7% to $1.4 bil. guidance for '13 was cautious.
NYT pB2 "Merck delays application for Osteoporosis drug"by Katie Thonmas, IBD pA1 "Merck dealys drug approval" say Merck will delay seeking FDA approval for osteoporosis drug odanacatib.
Pfizer: WSJ pB3 "Zoetis surgers 19% in debut" by Chris Dieterich, Peter Loftus, IBD pA2 "Zoetis jumps 19% in debut", NYT pB2 "Shares of Zoetis climb in its initial offering" by Michael J. de la Merced say Pfizer's spin off raised $2.2 bil after it priced its offering of 86.1 mil shares at $26.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
UnitedHealth: Barron's p25 "New highs in sight" by Andrew Bary says 5 companies are new to the index since '07: UnitedHealth, Cisco, Travelers, Chevron, and Bank of America. JPMorgan has a divdiend yield of 2% but will probably increase dividends as the Fed loosens restrictions. Some of the cheapest tech issues are some of the biggest including Microsoft, Cisco, and Intel. ExxonMobil and Chevron offer exposure to higher oil and gas prices plus secure dividend yields with Exxon yielding 2.5% and Chevron, 3%. Exxons trades at 11 times projected '13 profits and Chevron is at 10 times. Home Depot is the biggest wiiner since '07 up 98%.
United Technologies: No mentions found.
Verizon: Sat. WSJ pB5 "Stocks strut into Feb with big gain" by matt jarzemsky says fresh off a blowout Jan, stocks started Feb with a bang, as telecom shares led a broad rally. Verizon climbed 95 cents and AT&T was up 72 cents. Fin'ls and materials were among top gainers. Bank of America led the Dow up 39 cents. Merck slipped $1.42 the biggest decline among blue chips after its 4Q profit slumped. Last year's loss of patent protecgtion for astham drug Singulair pressured sales.
Barron's p9 "Let's get cyclical" by Kopin Tan says investors have shunned Frontier Communications since it borrowered heavily and overpaid for 4.8 million landlines from Verizon Communications in '10.
Walmart: Barron's pM3 "Friday surge boosts Dow's '13 gain to 65" by Vito J. Racanelli says Walmart had a good '12 but have fallen 9% from a record $77.60 in mid-Oct. Walamrt is threatened by online sellers but it self is one of the biggest Internet retailers out there. 25% of its sales come from abroad up from 20% a few years ago. Walamrt is trading at a p/e of less than 13 times consensus analyst expectations of $5.50.
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 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 2/1/13 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $410.52
2. WalMart WMT 235.81
3. GE 236.31
4. IBM 229.80
5. Chevron CVX 228.01
6. Microsoft MSFT 223.95
7. Procter & Gamble PG 207.39
8. Johnson & Johnson JNJ 205.57
9. Pfizer PFE 203.43
10. AT&T T 198.18
11. JPMorgan Chase JPM 182.15
12. Coke KO 168.37
13. Verizon VZ 127.53
14. Merck MRK 127.17
15. Bank of America BAC 126.21
16. Cisco CSCO 110.59
17. Intel INTC 106.09
18. Home Depot HD 100.63
19. Disney DIS 96.74
20. McDonald's MCD 96.33
21. United Technologies UTX 80.77
22. 3M MMM 69.78
23. American Express AXP 66.20
24. Caterpillar CAT 65.11
25. UnitedHealth UNH 57.83
26. Boeing BA 56.57
27. DuPont DD 44.77
28. Hewlett-Packard HPQ 32.07
29. Travelers TRV 30.15
30. Alcoa AA 9.60
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/1/13:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 1/25/13 8K re: agreement to buy spectrum from Verizon for $1.9 bil
1/24/13 2 8Ks & 1/17/13 8K re: 4Q results
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
Alcoa AA: 1/14/13 8K & 1/9/13 8K re: 4Q results
1/9/13 8K re: William F. Oplinger becoming CFO effective 4/1/13
10/25/12 8K 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: 1/17/13 8K & 1/10/13 8K re: 4Q results
1/15/13 8K re: delingq. 7 write-of stats 3 mos. ended 12/31/12
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
Bank of Am BAC: 1/31/13 8K re: Robert W. Scully retiring from Bd. of Dirs.
1/23/13 8K re: stocks options to certain directors
1/17/13 & 1/7/13 8K re: 4Q results
11/5/12 8K re: redemption of sub debentures
11/2/12 10Q 3Q ended 9/30
10/17/12 8K re: 3Q results
Boeing BA: 1/30/13 8K re: 4Q results
1/23/13 8K re: suspension of SEC reporting for Boeing Capital Corp. sub.
1/17/13 8K re: FAA grounding of 787s
1/11/13 8K re: review of safety of 787
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: 1/28/13 8K re: 4Q results
1/25/13 8K re: 3 month dealer stats
1/18/13 8K re: goodwill impairment of Chinese acquisition
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
Chevron CVX: 2/1/13 8K re: 4Q and 2012 full year results (& 1/10/13 8K)
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: 2/1/13 8K re: election of Gregory Q. Brown, CEO of Motorola to Bd. of Dirs.
1/8/13 8K re: contract with Wim Elfrink, EVP
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
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: 1/18/13 Proxy re: annual shareholders meeting 3/6/13 in Phoeniz, Arizona
1/11/13 8K re: stock plan for directors
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: 1/28/13 8K re: comp. for CEO Ellen J. Kullman
1/22/13 8K re: 4Q results
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: 2/1/13 8K re: 4Q estimated results
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: 1/18/13 8K re: 4Q results
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: 1/31/13 Proxy re: annual stockholders meeting 3/20/13, Mt. View, CA
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
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: 1/18/13 & 1/17/13 8Ks re: 4Q and 2012 results
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
IBM: 21/13 8K re: exec comp for officers
1/23/13 8K re: 4Q earnings call transcript
1/22/13 8K re: 4Q results
1/4/13 8K re: retirement of Michael E. Daniels, SVP
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.
JPMorganChase JPM: 1/25/13 8K re: closing of sale of notes
1/16/13 2 8Ks re: 4Q results
1/16/13 8K re: internal report re: trading loss
1/9/13 8K re: leaving of James E. Staley, Chrm. of Corporate & Inv. Banking Unit
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
Johnson & Johnson JNJ: 1/22/13 2 8Ks re: 4Q & 2012 results and earnings call
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: 1/31/13 8K re: quarterly cash dividend
1/23/13 8K re: 4Q & 2012 results
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
Merck MRK: 2/1/13 8K re: 4Q & 2012 results
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
Microsoft MSFT: 1/24/13 10Q & 8K re: quarter ended 12/31/12
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
Pfizer PFE: 1/29/13 8K re: 4Q & 2012 results
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: 1/25/13 10Q & 2 8Ks re: quarter ended 12/31/12
1/8/13 8K re: quarterly dividend of 0.562 cents a share
1/8/13 8K re: election of Terry Lundgren, CEO of Macy's to BoD replacing Jon Rodgers
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
3M MMM: 1/24/13 8K re: 4Q & 2012 results
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
Travelers TRV: 1/23/13 &1/22/13 8Ks re: 4Q results
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: 1/17/13 8K re: 4Q & 2012 results
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
United Technologies UTX: 1/23/13 8K re: 4Q & 2012 results
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: 1/25/13 8K re: sale of spectrum to AT&T
1/22/13 8K re: 4Q results (& 1/18/13 & 1/7/13 4Q updates)
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
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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