Post No. 2,277 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 July 14, 2013 and recent Dow 30 components' SEC filings as of 7/14/13.
The Dow Jones Industrial Average closed Monday at 15484.26 up 19.96 or 0.13% from Friday's close of 15464.30. Of the Dow components 12 gained and 18 declined. The biggest gainer dollar-wise and percentage-wise was Boeing up $3.79 or 3.72% . The biggest decliner dollar-wise and percentage-wise was Disney down $1.0 or 1.57%.
As of the open of the market on Monday the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.130216081. Monday's trailing P/E ratio was 16.86 down from Friday's trailing P/E ratio of 16.91 (last year it was 14.22); Monday's closing P/E estimate is 13.55 unchanged from Friday's P/E estimate of 13.55 (year ago it was 12.23) and Monday''s dividend yield was 2.37 unchanged from Friday's dividend yield of 2.40 (last year it was 2.62). The Dow's all-time high was 15,484.26 on July 15, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 2016.30 up 2.60 from Friday's closing numerator of 2013.70. 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 change for today by the divisor (0.130216081) you get the change 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 Monday's Dow Jones Industrial Average was $67.21 up 9 cents from Friday's average of $67.12. The median closing price of Monday's Dow Jones Industrial Average was $66.78 (DIS/UNH) down 71 cents from Friday's median closing price of $67.49. The lowest volume was 3M and the highest volume again was Bank of America.
If Monday 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 $260 ($201,630 - 201,370).
Monday MarketWatch 4:22 by Kate Gibson says U.S. stocks climbed modestly on Monday, with the S&P 500 and the Dow industrials rising to record closing highs again, after Citigroup Inc. reported better-than-expected earnings. The S&P 500 index SPX +0.14% climbed 2.31 points, or 0.1%, to 1,682.50, rising for an eighth consecutive session, its longest run higher since an eight-session stretch that ended Jan. 25. It also marked another all-time finish, its 20th so far this year.
Analysts at Bank of America Merrill
Lynch raised their 2013 year-end target for the
S&P 500 to 1,750 from 1,600 previously. Utilities paced sector gains Monday and
telecommunications led the losses in the S&P 500. Citigroup’s /quotes/zigman/5065548/quotes/nls/c C
+1.97%
shares rose 2% after the banking giant reported a steep jump in
second-quarter profit. “It’s a big earnings week, but expectations are modest,
so it’ll be interesting to see how companies perform with lowered expectations,”
said Paul Mangus, head of equity research and strategy at Wells
Fargo Private Bank.
A better-than-forecast manufacturing report helped
neutralize worse-than-anticipated U.S. retail-sales data. “We’re encouraged that the market is focusing on
fundamentals again,” said Mangus added.
The Dow Jones
Industrial Average DJIA +0.13% rose 19.96 points, or 0.1%, to
15,484.26, a record closing high — its 26th this year. Dow component Boeing Co. BA
+3.72%
shares rose 3.7%, regaining a large chunk of Friday’s losses,
after British investigators reportedly found no evidence that
batteries caused a fire on one of the manufacturer’s 787 planes. The Nasdaq
Composite COMP +0.21% rose 7.41 points, or 0.2%, to
3,607.49. More than 567 million shares traded on the New
York Stock Exchange. Composite volume topped 2.57 billion. Gold prices rose, with August futures GCQ3 +0.45% rising 0.5% to end at
$1,283.50 an ounce on the Comex division of the New
York Mercantile Exchange. The cost of crude also increased, with oil futures
/quotes/zigman/2291781 CLQ3 +0.43% rising 37 cents to $106.32 a
barrel. Crude’s spike has been “a fairly quick reaction to
geopolitical events, so it may be a blip, only time will tell,” said Mangus at
Wells Fargo, referring to recent turmoil in Egypt.
Monday's Closing Dow Numbers:
Symbol  | Market | Last Sale | Net Change | % Change | Share Volume |
|---|---|---|---|---|---|
| AA | NYSE |  | 7,510,771 | ||
| AXP | NYSE |  | 4,242,460 | ||
| BA | NYSE | | 13,157,636 | ||
| BAC | NYSE | | 90,217,133 | ||
| CAT | NYSE | | 4,160,270 | ||
| CSCO | NASDAQ-GS | | 26,809,727 | ||
| CVX | NYSE | | 4,050,753 | ||
| DD | NYSE | | 2,919,235 | ||
| DIS | NYSE | | 6,443,331 | ||
| GE | NYSE | | 35,674,756 | ||
| HD | NYSE | | 5,037,045 | ||
| HPQ | NYSE | | 8,262,793 | ||
| IBM | NYSE | | 5,674,366 | ||
| INTC | NASDAQ-GS | | 25,554,673 | ||
| JNJ | NYSE | | 11,809,628 | ||
| JPM | NYSE | | 28,276,003 | ||
| KO | NYSE | | 11,394,551 | ||
| MCD | NYSE | | 4,479,624 | ||
| MMM | NYSE | | 2,064,467 | ||
| MRK | NYSE | | 9,638,445 | ||
| MSFT | NASDAQ-GS | | 34,021,573 | ||
| PFE | NYSE | | 28,127,423 | ||
| PG | NYSE | | 10,017,031 | ||
| T | NYSE | | 17,149,289 | ||
| TRV | NYSE | | 2,310,993 | ||
| UNH | NYSE | | 3,811,408 | ||
| UTX | NYSE | | 2,891,219 | ||
| VZ | Dual Listed | | 10,567,313 | ||
| WMT | NYSE | | 4,875,428 | ||
| XOM | NYSE | | 8,254,714 |
****************
The following are excerpts from Monday morning's Blog:
A read of the print editions of Monday's Barron's, Investor's Business Daily, Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal & amp; 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 Friday's stock prices and related data in alphabetical order.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 15460.92 up 169.26 or 1.11% from Thursday's close of 15460.92. For the week the Dow was up 328.46 or 2.17% from last Friday's close of 15135.84. For the year the Dow is up 18.01%. Of the Dow components 16 gained, 3 (Alcoa, Coke and Walmart) were unchanged and 11 declined. The biggest gainer dollar-wise was Traveler up 41.48 and percentage-wise was Alcoa up 1.81% . The biggest decliner dollar-wise and percentage-wise was Boeing down 45.01 or 4.69% due to another fire on a Dreamliner that was on the ground.
IBD pB8 "Stocks close strong week on light but positive note" by Paul Whitfield says stocks booked moderate gains in quiet volume Fri but posted the indexes' best weekly gains since early Jan. The Dow was flat mainly due to Boeing's sell-off. The current outlook is a confirmed uptrend.
Friday's Dow Jones Industrial Average closing numerator was 2013.70 up 0.44 from Thursday's closing numerator of 2013.26. 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 change for today by the divisor (0.130216081) you get the change 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 $67.12 up 1 cent from Thursday's average of $67.11. The median closing price of Friday's Dow Jones Industrial Average was $67.49 (DIS/UNH) up 2 cents from Thursday's median closing price of $67.47. 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 $41 ($201,370 - $201,329 ).
Friday
MarketWatch 4:31 by Kate Gibson says U.S. stocks on Friday
recorded a third week of gains, with the Dow industrials and the
S&P 500 tallying record closes following upbeat earnings from
two major banks. “There’s plenty of action in individual names,”
emailed Elliot Spar, market strategist at Stifel, Nicolaus &
Co., while noting the S&P 500’s 8-point range during Friday’s
session. That said, “a couple of stock-specific issues are not going to
derail the bulls as the buyers still have momentum at their backs.
However, if the stock-specific issues start to add up with respect to
earnings shortfalls or pre-announcements, then that would be enough
‘cover’ for people to take money off the table,” Spar added. Boeing Co.BA -4.69% shares fell 4.7%, weighing on the Dow Jones Industrial Average, after a Boeing 787 Dreamliner caught fire at
London’s Heathrow Airport, forcing the closure of both of the airport’s
runways. No passengers were aboard the aircraft, which had been
plagued by a series of battery issues this year. In the financial sector, J.P. Morgan Chase & Co. JPM -0.31% and Wells Fargo & Co.WFC +1.77% both
reported second-quarter results that beat expectations.Shares of J.P.
Morgan ended down 0.3%, while those of Wells Fargo gained 1.8%. The
bank earnings are “good news overall, with the financial-services
sector being a major component to the overall market and key to
economic growth,” said Kate Warne, investment strategist at Edward Jones
in St. Louis. “Overall, we’re going to see a flat day, because we’ve
got offsetting good and bad news,” said Warne of Friday’s lackluster
session. Shares of United Parcel Service Inc. /quotes/zigman/251269/quotes/nls/ups UPS -5.83% declined 5.8% after the shipper reduced its outlook.
While “not good news that they are seeing weaker results, it’s not a
broader indication that shipping is slower than we already knew,” Warne
said of the UPS news. “There are areas that are not moving as fast as
people would like,” she added, listing manufacturing as among the
sectors where growth has slowed. The Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.02% climbed
3.38 points to 15,464.30, an all-time closing high that had it up 2.2%
from the week-ago close. Up 3% for the week and also finishing at a
record, the S&P 500 /quotes/zigman/3870025 SPX +0.31% added
5.17 points, or 0.3%, to 1,680.19, with financials pacing its
gains. Up for a seventh session in its longest winning stretch since
July 2011, the Nasdaq Composite COMP +0.61% gained 21.78 points, or 0.6%, to 3,600.08, giving it a weekly rise of 3.5%. Advancers just outpaced decliners on the New York Stock Exchange, where 681 million shares traded. Composite volume approached 3.1 billion.
Monday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: WSJ pA1 "Pay TV providers bid to end sports networks' win streak" by Matthew Futterman says aside from the NFL and some big games, the TV audience for sports is only 4% or less of households on average. Yet, sports channels such as Disney's ESPN account for 19.5% of fees paid by cable & satellite operators such as AT&T.
Alcoa: Barron's p14 "Week Review" says Alcoa had a net loss of $119 mil.
American Express: No mentions found.
Bank of America: Barron's p15 "Week preview" says on Monday credit card data are due from Bank of America and JPMorgan. On Wed Bank of America will report earnings.
Boeing:WSJ pB1 "Airlines confident in Boeing's 787, but doubts linger" by Christopher Drew, Jad Mousawad (also Sunday NYT pA20 "Lithium-Ion battery is not suspected in the fire on a Boeing 787 at Heathrow" by Christopher Drew), WSJ pB1 "Boeing fire probe will take days" by Andy Pasztor, Daniel Michaels, Jon Ostrower say Ethiopian Airlines will continue to fly its other Dreamliner. 14 airlines fly the 787 and were relieved that the battery isn't suspected.
IBD pB8 "Stocks close strong week on light but positive note" by Paul Whitfield says stocks booked moderate gains in quiet volume Fri but posted the indexes' best weekly gains since early Jan. The Dow was flat mainly due to Boeing's sell-off. The current outlook is a confirmed uptrend.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Disney: WSJ pA1 "Pay TV providers bid to end sports networks' win streak" by Matthew Futterman says aside from the NFL and some big games, the TV audience for sports is only 4% or less of households on average. Yet, sports channels such as Disney's ESPN account for 19.5% of fees paid by cable & satellite operators such as AT&T.
IBD pB12 "Two Blue Chip names set up in nice bases" by Ken Shreve says Disney yields 1.1% and Home Depot yields 2%. Both are in shallow flat base formations which mean they could soon break out.
DuPont: No mentions found.
Exxon: No mentions found.
GE: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Hewlett-Packard: Barron's p16 "Lenovo's master plan is working" by Leslie P. Norton says Lenovo has surpassed Hewlett-Packard as the world's top make of PCs in 2Q. Lenovo bought IBM's PC biz several years ago and may buy its server unit.
Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
Home Depot: IBD pB12 "Two Blue Chip names set up in nice bases" by Ken Shreve says Disney yields 1.1% and Home Depot yields 2%. Both are in shallow flat base formations which mean they could soon break out.
Intel: Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
Barron's pM11 "Pretzel logic at the Fed" by Steven M. Sears says Intel is down 10% the past month on fears of slowing computer sales and concern about Intel's 2Q earnings report.
IBM: Barron's p16 "Lenovo's master plan is working" by Leslie P. Norton says Lenovo has surpassed Hewlett-Packard as the world's top make of PCs in 2Q. Lenovo bought IBM's PC biz several years ago and may buy its server unit.
JPMorgan: IBD pA1 "JPMorgan, Wells top earnings views despite refi drop" by Marilyn Alva, Barron's p14 "Week review", Sat NYT pB3 "JPMorgana nd Wells Fargo feel first chill of rising interest rates" by Jessica Silver-Greenberg, Ben Protess, Sat WSJ pA1 "Banks cautious as profits rise" by Dan Fitzpatrick, Shayndi Raice, Sat. AJC pA11 "Profit surges for JPMorgan" by Jessica Silver-Greenberg, Sat. WSJ pB14 "Change that JPMorgan, Wells can believe in" by David Reilly say JPMorgan had a 31% surge in 2Q earnings due to gains in its investment banking biz, credit card ops & mortgage lending div. JPMorgan had net earnings of $6.5 bil or $1.60 s share, beating expectations of $5.47 bil or $1.44 per share on rev. of $24.84 bil. Rev. was $25 bil vs. $22 bil a year ago.
Barron's p15 "Week preview" says on Monday credit card data are due from Bank of America and JPMorgan. On Wed Bank of America will report earnings.
Barron's p23 "Citi's world of promise" by Sandra Ward compares Citi with JPMorgana nd Bank of America. 58% of Citi's $70 bil in rev comes from outside N. America vs. 19% for JPMorgan and 13% for Bank of America.
Johnson & Johnson: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: WSJ pB3 "Microsoft cuts price of its surface RT Tablet up up to 30%" by Shira Ovide says Microsft cut the price of its Surface RT tablet by $150 since its a sales laggard.
WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
IBD pB2 "Microsoft revamps for growth" says last week Microsoft did an internal revamping.
Pfizer: No mentions found.
Procter & Gamble: IBD pA8 "A whole new world of vanity" by Trang Ho says globally 8 multinationals account for a fith of the cosmetics and personal care products industry's worldwide sales. In the US 6 firms account for more than a fifth of the market: Procter & Gamble, Estee lauder, L'Oreal, Mary Kay, Unilver and Johnson & Johnson.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64).
Verizon: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64).
WSJ p18 "Verizon Wireless's iPHone commitment issue" by Miriam Gottfired, Rolfe Winkler says Verizon Wireless isn't selling as many Apple's msartphone as expected.
Walmart:
Friday's Closing Dow Numbers:
Symbol Market Last Sale Net Change % Change Share Volume
AA NYSE$ 8.10 unch unch 19,129,646
AXP NYSE$ 78.33 1.39 1.81% 4,852,608
BA NYSE$ 101.87 5.01 4.69% 44,314,614
BAC NYSE$ 13.78 0.27 2% 122,828,058
CAT NYSE$ 87.17 0.47 0.54% 4,849,218
CSCO NASDAQ-GS$ 25.94 0.07 0.27% 28,319,762
CVX NYSE$ 124.06 0.29 0.23% 5,559,104
DD NYSE$ 54.41 0.13 0.24% 3,262,200
DIS NYSE$ 66.98 0.40 0.6% 5,873,707
GE NYSE$ 23.76 0.18 0.75% 33,098,488
HD NYSE$ 80.54 0.68 0.85% 5,164,156
HPQ NYSE$ 26.19 0.19 0.72% 11,339,458
IBM NYSE$ 192.07 0.73 0.38% 4,488,473
INTC NASDAQ-GS$ 23.90 0.09 0.38% 34,410,804
JNJ NYSE$ 89.99 0.32 0.36% 7,574,181
JPM NYSE$ 54.97 0.17 0.31% 32,490,682
KO NYSE$ 41.03 unch unch 10,649,555
MCD NYSE$ 101.58 0.79 0.78% 4,757,661
MMM NYSE$ 115.14 0.61 0.53% 2,288,524
MRK NYSE$ 48.54 0.23 0.48% 8,851,520
MSFT NASDAQ-GS$ 35.67 0.015 0.04% 35,216,996
PFE NYSE$ 28.81 0.04 0.14% 29,239,311
PG NYSE$ 81.55 0.78 0.97% 10,829,691
T NYSE$ 35.81 0.06 0.17% 19,049,440
TRV NYSE$ 84.18 1.48 1.79% 2,093,181
UNH NYSE$ 68 0.36 0.53% 4,642,759
UTX NYSE$ 99.83 0.14 0.14% 4,728,146
VZ Dual Listed$ 50.41 0.80 1.56% 12,690,314
WMT NYSE$ 77.63 unch unch 4,298,546
XOM NYSE$ 93.40 0.13 0.14% 11,333,278
*****************************************
Here are the current CEOs of the Dow 30 Companies:Monday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: WSJ pA1 "Pay TV providers bid to end sports networks' win streak" by Matthew Futterman says aside from the NFL and some big games, the TV audience for sports is only 4% or less of households on average. Yet, sports channels such as Disney's ESPN account for 19.5% of fees paid by cable & satellite operators such as AT&T.
Alcoa: Barron's p14 "Week Review" says Alcoa had a net loss of $119 mil.
American Express: No mentions found.
Bank of America: Barron's p15 "Week preview" says on Monday credit card data are due from Bank of America and JPMorgan. On Wed Bank of America will report earnings.
Boeing:WSJ pB1 "Airlines confident in Boeing's 787, but doubts linger" by Christopher Drew, Jad Mousawad (also Sunday NYT pA20 "Lithium-Ion battery is not suspected in the fire on a Boeing 787 at Heathrow" by Christopher Drew), WSJ pB1 "Boeing fire probe will take days" by Andy Pasztor, Daniel Michaels, Jon Ostrower say Ethiopian Airlines will continue to fly its other Dreamliner. 14 airlines fly the 787 and were relieved that the battery isn't suspected.
IBD pB8 "Stocks close strong week on light but positive note" by Paul Whitfield says stocks booked moderate gains in quiet volume Fri but posted the indexes' best weekly gains since early Jan. The Dow was flat mainly due to Boeing's sell-off. The current outlook is a confirmed uptrend.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Disney: WSJ pA1 "Pay TV providers bid to end sports networks' win streak" by Matthew Futterman says aside from the NFL and some big games, the TV audience for sports is only 4% or less of households on average. Yet, sports channels such as Disney's ESPN account for 19.5% of fees paid by cable & satellite operators such as AT&T.
IBD pB12 "Two Blue Chip names set up in nice bases" by Ken Shreve says Disney yields 1.1% and Home Depot yields 2%. Both are in shallow flat base formations which mean they could soon break out.
DuPont: No mentions found.
Exxon: No mentions found.
GE: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Hewlett-Packard: Barron's p16 "Lenovo's master plan is working" by Leslie P. Norton says Lenovo has surpassed Hewlett-Packard as the world's top make of PCs in 2Q. Lenovo bought IBM's PC biz several years ago and may buy its server unit.
Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
Home Depot: IBD pB12 "Two Blue Chip names set up in nice bases" by Ken Shreve says Disney yields 1.1% and Home Depot yields 2%. Both are in shallow flat base formations which mean they could soon break out.
Intel: Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
Barron's pM11 "Pretzel logic at the Fed" by Steven M. Sears says Intel is down 10% the past month on fears of slowing computer sales and concern about Intel's 2Q earnings report.
IBM: Barron's p16 "Lenovo's master plan is working" by Leslie P. Norton says Lenovo has surpassed Hewlett-Packard as the world's top make of PCs in 2Q. Lenovo bought IBM's PC biz several years ago and may buy its server unit.
JPMorgan: IBD pA1 "JPMorgan, Wells top earnings views despite refi drop" by Marilyn Alva, Barron's p14 "Week review", Sat NYT pB3 "JPMorgana nd Wells Fargo feel first chill of rising interest rates" by Jessica Silver-Greenberg, Ben Protess, Sat WSJ pA1 "Banks cautious as profits rise" by Dan Fitzpatrick, Shayndi Raice, Sat. AJC pA11 "Profit surges for JPMorgan" by Jessica Silver-Greenberg, Sat. WSJ pB14 "Change that JPMorgan, Wells can believe in" by David Reilly say JPMorgan had a 31% surge in 2Q earnings due to gains in its investment banking biz, credit card ops & mortgage lending div. JPMorgan had net earnings of $6.5 bil or $1.60 s share, beating expectations of $5.47 bil or $1.44 per share on rev. of $24.84 bil. Rev. was $25 bil vs. $22 bil a year ago.
Barron's p15 "Week preview" says on Monday credit card data are due from Bank of America and JPMorgan. On Wed Bank of America will report earnings.
Barron's p23 "Citi's world of promise" by Sandra Ward compares Citi with JPMorgana nd Bank of America. 58% of Citi's $70 bil in rev comes from outside N. America vs. 19% for JPMorgan and 13% for Bank of America.
Johnson & Johnson: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: WSJ pB3 "Microsoft cuts price of its surface RT Tablet up up to 30%" by Shira Ovide says Microsft cut the price of its Surface RT tablet by $150 since its a sales laggard.
WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64)
Barron's p27 "The PC market isn't dead yet, but it's barely breathing" by Tiernan Ray says PCs may bounce back later this year as Intel just rolled out new microprocessors dubbed Haswell to wide acclaim. Microsoft is expected to offer a major update to Windows 8 that will remedy consumer and corporate complaints about the software. Hewlett-Packard is up 84% based on a fledging recovery.
IBD pB2 "Microsoft revamps for growth" says last week Microsoft did an internal revamping.
Pfizer: No mentions found.
Procter & Gamble: IBD pA8 "A whole new world of vanity" by Trang Ho says globally 8 multinationals account for a fith of the cosmetics and personal care products industry's worldwide sales. In the US 6 firms account for more than a fifth of the market: Procter & Gamble, Estee lauder, L'Oreal, Mary Kay, Unilver and Johnson & Johnson.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64).
Verizon: : WSJ pC2 "The ticker" says on Tues. Coke and Johnson & Johnson reports with Coke's estimate of 63 cents versus 61 cents a year ago, while Johnson & Johnson is est $1.39 vs 1.3; on thurs Microsoft (0.75/0.73); UnitedHealth $1.25/$1.27; and Verizon 0.73/0.64); and on Friday GE (0.36/0.64).
WSJ p18 "Verizon Wireless's iPHone commitment issue" by Miriam Gottfired, Rolfe Winkler says Verizon Wireless isn't selling as many Apple's msartphone as expected.
Walmart:
Friday's Closing Dow Numbers:
Symbol
Market Last Sale Net Change % Change Share Volume AA NYSE
AXP NYSE
BA NYSE
BAC NYSE
CAT NYSE
CSCO NASDAQ-GS
CVX NYSE
DD NYSE
DIS NYSE
GE NYSE
HD NYSE
HPQ NYSE
IBM NYSE
INTC NASDAQ-GS
JNJ NYSE
JPM NYSE
KO NYSE
MCD NYSE
MMM NYSE
MRK NYSE
MSFT NASDAQ-GS
PFE NYSE
PG NYSE
T NYSE
TRV NYSE
UNH NYSE
UTX NYSE
VZ Dual Listed
WMT NYSE
XOM 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 Brian Krzanich (Santa Clara, CA)
IBM Virginia M. Rometty (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ Alex Gorsky (New Brunswick, NJ)
McDonald's MCD Donald Thompson (Oak Brook, Ill)
Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG A. G. Lafley (Cincinnati, OH)
3M MMM Inge Thulin (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 7/14/13 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $415.29
2. Microsoft MSFT 297.88
3. WalMart WMT 254.37
4. Johnson & Johnson JNJ 252.77
5. GE 245.68
6. Chevron CVX 240.55
7. Procter & Gamble PG 223.51
8. IBM 212.97
9. JPMorgan Chase JPM 208.30
10. Pfizer PFE 204.36
11. AT&T T 192.66
12. Coke KO 182.74
13. Bank of America BAC 148.55
14. Merck MRK 146.57
15. Verizon VZ 144.23
16. Cisco CSCO 138.63
17. Disney DIS 120.63
18. Intel INTC 118.81
19. Home Depot HD 117.65
20. McDonald's MCD 101.84
21. United Technologies UTX 91.77
22. American Express AXP 86.06
23. 3M MMM 79.47
24. Boeing BA 77.29
25. UnitedHealth UNH 69.36
26. Caterpillar CAT 57.31
27. Hewlett-Packard HPQ 50.51
28. DuPont DD 50.08
29. Travelers TRV 31.69
30. Alcoa AA 8.66
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 7/14/13:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 7/12/13 8K re: AT&T agreeing to buy Leap Wireless
6/28/13 8K re: election of Cynthia B. Taylor as a Director & increase number of dirs. from 13 to 14
5/24/13 8K re: redemption of debentures
5/15/13 8K re: closing of sale of Global Notes due '43
5/3/13 10Q & 2 8Ks 4/23/13 re: 1 Qtr ended 3/31/13 results
4/29/13 8K re: voting results of annual stockholders meeting on 4/25/13
4/11/13 8K re: reclassification of revenue items
Alcoa AA: 7/11/13 & 7/9 8Ks re: 2Q earnings results
7/1/13 8K re: closing the Fusina, Italy aluminum smelter
5/30/13 8K re: Moody's downgrade of debt rating from Baa3 to Ba1 & from negative to stable
5/24/13 8K re: redemption of 65 Notes due 7/15/13
5/20/13 8K re: shut down of 2 smelters in Quebec
5/9/13 8K re: Sustainability Highlights Report
5/8/13 8K re: approval of Stock Incentive Plan
4/18/13 10Q; 4/11/3 8K & 4/9/13 8K all re: 1 Qtr ended 3/31/13 results
4/9/13 Proxy materials for 5/3/13 annual meeting of stockholders
American Express AXP: 6/21/13 8K re: selection of Jeffrey Campbell CFO
6/17/13 8K re: delinq. & write-off stats for 3 months thru 5/31/13
5/22/13 & 5/17/13 8Ks re: issuance of $1.85 bil of notes
5/15/13 8K re: delinq. & write-off stats for 3 months through 4/30/13
5/7/13 8K re: retirement of CFO Daniel T. Henry
5/2/13 8K re: voting results of 4/29 Sahreholder Meeting
4/30/13 8K re: increase in quarterly dividend from 20 cents to 23 cents per share
4/29/13 10Q & 4/17/13 8K re: 1Qtr ended 3/31/13 results
4/15/13 8K re: election of Edward P. Gilligan, Pres.
4/15/13 8K re: delinq. & write-off states for 3 months through 3/31
Bank of Am BAC: 7/2/13 8K re: redemption of securities
5/29/13 8K re: issuance of 40,000 shaes of Series U Preferred Stock
5/28/13 8K re: redemption of Perpetual Preferred Stock
5/8/13 8K re: voting results from 5/8 Stockholders Meeting
5/7/13 10Q & 4/17/13 8K re: 1 Qtr ended 3/31 results
5/6/13 8K re: settlement of lawsuit with MBIA
4/1/13 8K re: redemption of certain securities
Boeing BA: 5/3/13 8K re: issuance of floating rate senior notes due '14
4/30/13 8K re: voting results of 4/29 shareholders meeting held 4/29
4/24/13 10Q & 4/24/13 8K re: 1 Qtr. ended 3/31 results
4/22/13, 4/16 & 3/15/13 Proxy materials re: 4/29/13 annual mtg of shareholders at Field Museum, Chicago
Caterpillar CAT: 6/20/13 8K re: 3 month dealer stats thru 3/13
6/17/13 8K re: voting results of annual shareholderss mtg on 6/12
6/12/13 8K re: 15% increase in dividend from 8 cents to 60 cents payable 8/20 to record holders 7/22
5/20/13 8K re: 3 months dealer stats Feb through April 2013
5/17/13 8K re: settlement re: litigation arising from acquisition of ERA Mining (China)
5/2/13 10Q & 4/22/13 8K re: 1 Qtr ended 3/31/13 results
4/19/13 8K re: March dealer stats
4/10/13 8K re: retirement of G. Vittecoq, VP
Chevron CVX: 7/10/13 8K re: 2Q interim update
6/24/13 8K re: issuance of notes
6/4/13 8K re: approval by stockholders of Long Term Incentive Plan
5/2/13 10Q; 4/26/13 8K; 4/10/13 8K re: 1 Qtr ended 3/31/13 results
4/11/13 & 4/2/13 Proxy materials re: Stockholders meeting on 5/29
4/2/13 8K re: salary increase for CEO and other execs
Cisco CSCO: 6/20/13 8K: re: exec's pre-arranged stock trading plan
6/12/13 8K re: executives' adoption of pre-arranged stock trading plan
6/7/13 8K re: Cisco payment to Tivo of $294 mil to settle patent dispute that includes Google & AARIS Group
5/21/13 10Q for qtr ended 4/27/13
5/15/13 8K re: 3Q ended 4/27 results
Coke KO: 5/15/13 8K re: amendment of by-laws to allow calling of special shareholders meeting
4/26/13 10Q & 4/16/13 8K re: 1 Qtr ended 3/29 results
4/4/13 Proxy re: 4/24 shareholder meeting
Disney DIS: 7/1/13 8K re: extension of CEO Robert A. Iger's employment contract to 6/30/16
5/7/13 10Q & 8K re: 1 Qtr ended 3/30 results
3/20/13 8K re: $1.5 bil 364 day credit agreement
3/8/13 8K re: change to exec bonus plan
DuPont DD: 4/29/13 8K re: voting results of 4/24 stockholders meeting
4/23/13 10Q & 8K re: quarter ended 3/31 results
4/4 proxy materials
3/26/13 8K re: settlement with Monsanto of patent litigation
3/15/13 Proxy re: 4/24 Stockholders Meeting at DuPont Theatre, Wilmington, DE
ExxonMobil XOM: 6/3/13 8K re: voting results of 5/29/13 Annual Meeting of Shareholders
5/13/13; 5/10; 4/12 Proxy materials
5/2/13 10Q & 4/25/13 8K re: 1 Qtr. ended 3/31 results
3/26/13 8K re: financial presentation
3/12/13 8K re: analyst meeting
GE: 6/14/13 8K re: election of Keith S. Sherlin, CEO GE Capital
5/8/13 10Q & 4/19/13 8K re: 1 Qtr. ended 3/31 results
4/26/13 8K re: voting results of 4/24 shareholders meeting
4/8/13 Proxy materials for shareholders meetings
Hewlett-Packard HPQ: 6/18/13 8K re: change of duties of EVP R. Todd Bradley
6/6/13 10Q & 5/22/13 8K re: qtr ended 4/30/13
5/29/13 8K re: resignation of John H. Mammergren & G. Kennedy Thompson from BoD and temporary reduction of Board members from 11 to 9
4/4/13 8K re: resignations of directors John H. Hammergren & G. Kennedy Thompson
Home Depot HD: 5/29/13 8K re: shareholder approval of Amended Restated '05 Stock Incentive Plan
5/29/13 10Q & 5/21/13 8K re: qtr ended 5/5/13
4/8/13 Proxy materials for 5/23 shareholders meeting at Cobb Galleria, Atlanta
4/5/13 8K re: issuance of 2.7% Sr. Notes due '23 & '43
Intel INTC: 5/21/13 8K re: Brian M. Krzanich became CEO on 5/16
5/8/13 Proxy materials
5/2/13 8K re: election of Brian M. Krzanich as CEO Z& Renee J. James as pres. effective 5/16
4/29/13 10Q & 4/17 8K & 4/16 8K re: results of 1st quarter ended 3/30
4/3/13 Proxy materials for 5/16 stockholders meeting at Santa Clara, Cal.
IBM: 5/6/13 8K re: issuance of notes
5/3/13 8K re: retirement of SVP HR J. Randall MacDonald
4/30/13 10Q & 4/19/13 & 4/18/13 8Ks re: 1 Qtr ended 3/31 results
4/3/13 Proxy materials
3/11/13 Proxy re 4.30/13 annual meeting of stockholders at Von Braun Ctr., Huntsville, Al
JPMorganChase JPM: 7/12/13 2 8Ks re: 2Q results
6/10/13 8K re: amendment to Cert. of Incorp. to allow shareholder action by written consent
6/4/13 8K re: Reg FD disclosure re: investor conference presentation
5/23/13 8K re: results of 5/21/13 Annual Shareholders Meeting
5/16/13 Proxy materials for 5/21 shareholders meeting
5/15/13 8K re: sale of 1.6% notes due '18
5/8/13 10Q & 4/12 8K re: 1Q ended 3/31 results
5/2/13 8K re: sale of 4.25% notes due '18
4/23/13 8K re: sale of notes
5/1/13 8K re: sale of notes
4/29/13 8K re: resignation of co-C Frank J. Bisignano
4/9/13 8K re: redemption of securities
Johnson & Johnson JNJ: 6/20/13 8K re: agreement to buy Aragon Pharmaceuticals, Inc. for its late state prostate drugs
5/3/13 10Q & 4/16 8K reL: 1 Qtr ended 3/31 results
4/26/13 8K re: voting results of 4/25 shareholders meeting
3/13/13 Proxy re: 4/25/13 Shareholder mtg at Hyatt New Brunswick, NJ
McDonald's MCD: 6/10/13 8K re: Reg. FD disclosure re: Investor Release
5/28/13 8K re: voting results of 5/23/13 Annual Shareholders Meeting
5/8/13 8K re: April sales
5/6/13 8K re: issuance of notes
5/3/13 8K re: adjustment to sales results
Merck MRK: 5/30/13 8K re: voting results of 5/28/13 Annual Meeting of Shareholders
5/22/13 8K re: accelerated stock repurchase agreement with Goldman Sachs
5/20/13 8K re: issuance of $6 bil of notes
Microsoft MSFT: 7/11/13 8K re: resignation of Pres. of Office Div. Kurt DelBene
7/3/13 8K re: retirement of Steve Sinofsky from Windows Div.
5/20/13 8-K/A approval of CFO Amy Hood's compensation
5/13/13 8K re: election of Amy Hood as CFO
5/1/13 8K re: sale of Euro notes
4/18/13 8K re: resignation of CFO Peter Klein
4/18/13 10Q & 4/18 8K re: results of Qtr ended 3/31
Pfizer PFE: 6/3/13 8K re: issuance of $4 bil of notes
5/29/13 8K re: blackout of insider purchase of shares due to Zoetis exchange offer
5/10/13 10Q & 4/30/13 8K re: 1 Qtr ended 3/31 results
4/29/13 8K re: voting results of 4/25/13 shareholders meeting
4/3/13 Proxy material
Procter & Gamble PG: Pre-14A Proxy re: Annual Meeting of Shareholders on 10/8/13 at Aronoff Center in Cincinnati
7/9/13 8K re: declaration of dividend of $0.6015 on Common & Conv. Call A Pref. payable 8/15 to 7/19 record holders
6/12/13 8K re: Reg. FD disclosure re: presentation at Deutsche Bank Global Consumer Conference
6/5/13 8K re: grouping of Global Business Units into 4 industry based sectors
5/24/13 8K re: A.G. Lafley rejoining as CEO replacing Bob McDonald
5/14/13 8K re: Reg. FD disclosure re: Goldman Sachs Consumer Products Symposium
4/24/13 10Q & 4/24 2 8Ks re: 3Q ended 3/31 results
4/15/13 8K re: quarterly dividend of 0.6015 cents per share
3M MMM: 5/16/13 8K re: amendment to Annual Report re: realignment of business groups and certain accounting revisions
5/15/13 8K re: voting results of 5/14 stockholders meeting
5/7/13 Proxy materials
5/2/13 10Q & 4/25/13 8K re: 1 Qtr ended 3/31 results
Travelers TRV: 6/12/13 8K re: $1 bil revolving bank credit agreement
6/10/13 8K re: purchase of Dominion of Canada General Insurance for $1.1 bil
5/24/13 8K re: voting results of 5/22/13 Annual shareholders meeting
4/23/13 10Q & 4/23/13 8K re: qtr ended 3/31 results
4/9/13 Proxy for 5/22 shareholders meeting at Hartford, Ct.
United Technologies UTX: 6/18/13 8K re: Ohio Fed. Ct. awarding $473 mil to U.S. re: False Calims Act re: overcharging by Pratt & Whitney on F100's
5/24/13 8K re: redemption of $1 bil 1.2% notes due 6/1/13
4/30/13 8K re: results of shareholders meeting
4/26/13 10Q & 4/23/13 8K re: 1 Qtr ended 3/31 results
4/9/13 Proxy materials for 4/29 annual shareholders meeting
UnitedHealth Group UNH: 6/6/13 8K re: Voting results of 6/3/13 Annual Shareholders Mtg
5/29/13 8K re: Reg FD disclosure re: Bernstein 29th Annual Strategic Decisions Conference
5/6/13 10Q & 4/18/13 8K re: 1 Qtr ended 3/31 results
4/24/13 Proxy materials for 6/3 shareholders meeting in Boston
3/11/13 8K re: Barclays Global Healthcare conference presentation
2/28/13 8K re: sale of Notes
2/7/13 10K for year ended 12/31/12
Verizon Communications Inc. VZ: 6/10/13 8K re: election of Anthony T. Skiadas, 44, Sr. VP & Controller
5/13/13 8K re: distribution of $7 bil to Wireless Comm and Vodafone by Verizon Wireless
5/7/13 8K re: voting results of 5/2 annual mtg of shareholders
4/25/13 10Q & 4/13/13 8K re results of quarter ended 3/31
4/2/13 8K re: rumors of purchase of Vodaphone's interest in Verizon Wireless
4/1/13 & 3/18/13 Proxy re: 5/2/13 Annual Mtg of shareholders, Doubletree, Tulsa, OK
2/26/13 10K for year ended 12/31/12
2/7/13 8K re: election of Gregory D. Wasson, Pres & CEO of Walgreen, as Director
WalMart WMT: 6/7/13 10Q & 5/16/13 8K re: Qtr. ended 4/30
6/2/13 8K re: Voting results of 6/7 Annual shareholder meeting
4/22/13 Proxy re: 6/7 shareholder meeting at Fayetteville, Ark.
4/10/13 8K re: sale of notes
3/26/13 10K for year ended 1/31/13
2/21/13 8K re: 4Q results & dividend for FY 2014
END END
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