Thursday, July 18, 2013

7/18/13 Thurs. pm Dow Closes at 15548.54 up 78.02 or 0.50%

http://www.dowjonesmonitor.com/

Post No. 2,283  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 Thursday at 15470.52 up 18.67 or 0.12%  from Wednesday's close of 15470.52.  Of the Dow components  20   gained and 10 declined. The biggest gainer dollar-wise  and percentage-wise was UnitedHealth up $4.32 or 6.52% .  The biggest decliner dollar-wise and percentage-wise was American Express down $2.79 or 3.63%.


As of the open  of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C5   of     Thursday's Wall St. Journal is 0.130216081. Thursday's  trailing P/E ratio was  16.73 unchanged   from yesterday's     trailing P/E ratio of 16.73 (last year it was 14.54);  today's  P/E estimate is  13.55 unchanged   from Wednesday's  P/E estimate of 13.55  (year ago it was 12.23) and today's   dividend yield is 2.37 unchanged   from yesterday's  dividend yield of 2.37  (last year it was 2.60). The Dow's all-time high was 15,548.54  on July 18, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Thursday's Dow Jones Industrial Average closing numerator was 2024.67 up 10.16 from Wednesday's closing numerator of 2014.51. 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   Thursday's Dow Jones Industrial Average was $67.49 up 34 cents    from Wednesday's average of $67.15.  The median closing price of Thursday's Dow Jones Industrial Average was $68.19   (DIS/UNH) up 2.39 cents from Wednesday's median closing price of $65.80. The lowest volume was Travelers  and the highest volume again was Bank of America.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $1,016   ($202,467 -  $201,451).

Thursday MarketWatch 4:29 by   Kate Gibson says U.S. stocks rose on Thursday, lifting benchmark indexes to record highs, after jobless claims fell and earnings from corporations including UnitedHealth Group Inc. topped expectations as investors heard from Federal Reserve Chairman Ben Bernanke.Surpassing its prior intraday record set on May 22, the S&P 500 index SPX +0.50% rose to a session high of 1,693.12. It closed up 8.46 points, or 0.5%, at 1,689.37, its 21st record close this year.Financials paced gains among its major 10 sectors, while telecommunications and information technology posted losses.“It’s earnings and Bernanke — that’s what is supporting the market and driving it higher,” said Chris Gaffney, senior market strategist at Everbank Wealth Management.

Bernanke spent a second day on Capitol Hill, discussing the outlook and Fed rate policy with the Senate Banking Committee. The Fed chief said that economic data since the last Fed rate-policy meeting have been “mixed” and it was “way too early” to make a judgment on when the central bank will slow down the pace of its asset purchases.“We’ve transitioned to a point where good news is good news, now that market participants have successfully acquired the knowledge that a reduction in QE is not less accommodation, that there is a difference between reducing quantitative easing and lifting the Fed funds rate,” said Art Hogan, a market strategist at Lazard Capital Markets. Bond buying by the Fed is also known as quantitative easing.Economic reports on Thursday had jobless claims falling by 24,000 to 334,000 last week from a revised 358,000 the week before, according to figures released by the Labor Department. Paul Vigna, David Benoit and Angelo Zino discuss Dell's delay in its shareholder vote, and Kathleen Madigan looks at the state of the economy.The Federal Reserve Bank of Philadelphia’s economic index this month rose to 19.8, the highest since March 2011, from 12.5 in June.In addition to equities, the U.S. dollar DXY +0.13% , longer-term Treasury yields 10_YEAR +1.60% , oil CLU3 +1.42% and gold GCQ3 +0.40% also rose.One factor behind the recent spike in long-term interest rates is the deleveraging of “excessively risky” investing, along with improving economic reports and Wall Street’s reactions to signals sent by the Fed, Bernanke said.The yield on the 10-year Treasury note 10_YEAR +1.60% rose to 2.541%, after falling to a two-week low Wednesday. The yield had jumped from 1.93% on May 21, a day before Bernanke said the Fed could reduce bond purchases if data indicate continuing improvement on the jobs front.
After striking an intraday record of 15,589.40, the Dow Jones Industrial Average DJIA +0.50% closed up 78.02 points, or 0.5%, to 15,548.54, marking its 27th record close this year. Pacing the Dow’s gains, UnitedHealth Group Inc. UNH +6.52% rose 6.5% after reporting a larger-than-expected increase in second-quarter net income. Dow component Intel Corp. INTC -0.23% retreated 3.8% after projecting third-quarter sales that could come in below expectations. International Business Machines Corp. IBM +1.77% climbed 1.8% after hiking its full-year earnings outlook. 

Thursday's Closing Dow Numbers:

Symbol upMarketLast SaleNet
Change
%
Change
Share
Volume
AA  NYSE  $ 8.21   0.02  0.24%  11,436,553
AXP  NYSE  $ 74.01   2.79  3.63%  10,264,208
BA  NYSE  $ 107.63   2.84  2.71%  7,928,819
BAC  NYSE  $ 14.76   0.45  3.14%  219,900,190
CAT  NYSE  $ 85.72   0.95  1.1%  7,000,178
CSCO  NASDAQ-GS  $ 25.86   0.14  0.54%  32,910,859
CVX  NYSE  $ 125.47   1.12  0.9%  4,303,777
DD  NYSE  $ 57.47   0.22  0.38%  10,386,233
DIS  NYSE  $ 65.82   0.46  0.7%  4,943,638
GE  NYSE  $ 23.63   0.09  0.38%  41,079,592
HD  NYSE  $ 80.02   0.42  0.52%  5,274,616
HPQ  NYSE  $ 26.33   0.02  0.08%  10,588,848
IBM  NYSE  $ 197.99   3.44  1.77%  8,342,196
INTC  NASDAQ-GS  $ 23.244   0.906  3.75%  77,491,585
JNJ  NYSE  $ 90.17   0.04  0.04%  8,285,576
JPM  NYSE  $ 56.37   1.10  1.99%  24,315,029
KO  NYSE  $ 40.81   0.03  0.07%  9,632,142
MCD  NYSE  $ 100.18   0.08  0.08%  3,377,276
MMM  NYSE  $ 115.48   0.84  0.73%  2,936,777
MRK  NYSE  $ 47.40   0.73  1.52%  17,736,471
MSFT  NASDAQ-GS  $ 35.44   0.30  0.84%  44,350,504
PFE  NYSE  $ 28.49   0.19  0.66%  31,544,358
PG  NYSE  $ 80.30   0.21  0.26%  5,499,088
T  NYSE  $ 35.74   0.22  0.61%  19,486,001
TRV  NYSE  $ 84.53   0.54  0.64%  2,339,343
UNH  NYSE  $ 70.55   4.32  6.52%  14,044,897
UTX  NYSE  $ 101.34   0.48  0.48%  2,698,466
VZ  Dual Listed  $ 49.97   0.77  1.52%  12,884,028
WMT  NYSE  $ 77.34   0.14  0.18%  4,124,521
XOM  NYSE  $ 94.38   0.92  0.98%  10,496,379


*********
The following are excerpts from Thursday morning's Blog:

A read of the print editions of  Thursday's Wall St. Journal,  Financial Times, Investor's Business Daily, New York Times, USA Today,  Atlanta Journal & amp; 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 Wednesday's stock prices and related data in alphabetical order.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 15470.52 up 18.67 or 0.12%  from Tuesday's close of 15451.85. For the year the Dow is up18.06 %.  Of the Dow components  18   gained, Pfizer was unchanged and 11 declined. The biggest gainer dollar-wise  and percentage-wise was DuPont up $2.87 or 5.28 % .  The biggest decliner dollar-wise and percentage-wise was American Express down $1.51 or 1.93%.

WSJ pC4 "Shares, Treasurys get gentle push" by Alexandra Scaggs, Min Zeng says bond prices rose and stocks edged higher after Bernanke offered reassurances that the central banks doesn't plan to pull back its easy money policies.  American Express and Caterpillar weighed on the Dow as the Dow underperformed other indexes.

NYT p9 "Markets rise slightly after Bernanke remarks" by Reuters says the markets rose after Bernanke said tehre are no firm timelines for scaling back the Fed's economic stimulus program.

IBD pB2 "More techs and breakouts join the market's advance" by David Saito-Chung says the major indexes rose mildly in mixed grade Wed despite data on June housing starts that missed views.  The current outlook is still a confirmed uptrend.

AJC pA15 "Stocks edge up on Bernanke" says some soothing words from Bernanke pushed to market to slender gains Wed.  American Express and caterpillar held the Dow back.



Wednesday's Dow Jones Industrial Average closing numerator was 2014.51 up 2.43 from Tuesday's closing numerator of 2012.08. 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   Wednesday's Dow Jones Industrial Average was $67.15 up 8 cents    from Tuesday's average of $67.07.  The median closing price of Wednesday's Dow Jones Industrial Average was $6580   (DIS/UNH) down 17 cents from Tuesday's median closing price of $65.97. The lowest volume was Travelers  and the highest volume again was Bank of America.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $243   $201,451 - ($201,208).

Wednesday MarketWatch 4:28 by   Kate Gibson says U.S. stocks The S&P 500 SPX +0.28% rose 4.65 points, or 0.3%, to 1,680.91, with materials pacing sector gains and utilities the only laggard. The Nasdaq Composite COMP +0.32% gained 11.50 points, or 0.3%, to 3,610. In testimony on Capitol Hill, Bernanke said the Fed’s $85 billion in monthly bond buys are “by no means on a preset course” and can be curbed further or extended, depending on the economic climate. The central bank’s stimulus program is meant to keep interest rates down and encourage borrowing. Bernanke’s comments reinforce “what we already know: that the Fed is looking at the broad economy, which is showing signs of improvement,” said Terry Sandven, chief equities strategist at U.S. Bank Wealth Management. U.S. equities are in a holding pattern as the market digests recent gains, with the pattern likely to persist for another couple of weeks as “we await further guidance from companies and from the Fed,” said Sandven, who added that investors will likely learn more about the “timing of the tapering,” or reduced Fed asset purchases, at the next Federal Open Market Committee meeting at the end of the month. The S&P 500 and the Dow Jones Industrial Average DJIA +0.12% rose to record closing highs on Monday, but ended lower on Tuesday. On Wednesday, the blue-chip Dow industrials gained 18.67 points, or 0.1%, to 15,470.52, with DuPont  DD +5.28%  leading gains. DuPont’s shares rallied 5.3% after CNBC’s Andrew Ross Sorkin reported that Nelson Peltz’s Trian Fund Management LP has acquired a large stake in the chemicals firm. Asked by Sorkin about the stake at the Delivering Alpha conference on Wednesday, Peltz declined to comment. Also in the Dow, shares of Bank of America Corp. BAC +2.80% climbed 2.8% after the bank said second-quarter profit jumped 63%, beating analyst estimates. American Express Co. AXP -1.68% was the top decliner in the Dow, falling 1.9% after the Financial Times cited a draft plan in reporting the European Commission had proposed the introduction of a 0.2% cap on debit-and-credit-card transaction fees. Dow component Caterpillar Inc. CAT -1.70%  dropped 1.7% after Jim Chanos of Kynikos Associates said he is shorting the stock. Chanos, speaking at the Delivering Alpha conference, said that even though Caterpillar is a major U.S. company, it is facing “super commodity headwinds.”On the New York Stock Exchange, more than 676 million shares traded. Composite volume topped 3.1 billion. “The stock market has had a bit of a run here, so we may need to do some trading in a range given the strong gains we had in the spring,” said Bruce McCain, chief investment strategist at Key Private Bank.

Thursday's Dow News followed by Wednesday's Closing Dow Numbers:

AT&T:  No mentions found.

Alcoa:  No mentions found.

American Express: WSJ pC4 "Shares, Treasurys get gentle push" by Alexandra Scaggs, Min Zeng says bond prices rose and stocks edged higher after Bernanke offered reassurances that the central banks doesn't plan to pull back its easy money policies.  American Express and Caterpillar weighed on the Dow as the Dow underperformed other indexes.

WSJ pC3 "Spending buoys profit at AmEx" by Robin Sidel, Tom Fairless, AJC pA14 "American Expres says net income up 5%", IBD pA2 "After the close"  say American Express said its net income grew 5% in 2Q as cardholder spending increased.  Profits were $1.41 bil or $1.27 per share vs. $1.34 bil or $1.15 per share a year ago.  Rev rose 4% to $8.25 bil from $8 bil.

AJC pA15 "Stocks edge up on Bernanke" says some soothing words from Bernanke pushed to market to slender gains Wed.  American Express and caterpillar held the Dow back.

Bank of America:  WSJ pC1 "Cost cuts drive Bofa profit" by Shayndi Raice, WSJ pC10 "Bank of America gets down to business" by David Reilly, IBD pB6 "BofA, Mellon break  out as banks report" by Juan Carlos Arancibia, NYT pB2 "Bank of America reports 63% gain in net income" by Peter Eavis,  IBD pA1 "BofA's Q2 earnings soar 68% as mortgages revive, costs fall" by Marily Alva  say Bank of America posted better than expected 2Q profit as it had a 63% jump in net income to $4.01 bil from $2.46 bil a year earlier.  Earnings per share of 32 cents beat the analyst estimates of 25 cents.  Rev rose 3.5% to $22.73 bil a lower rate of growth than the 14% rise by JPMorgan. 

AJC pA13 "Banks' good times may not last" by AP says Bank of America's profits rose 70%.

Boeing:  WSJ pB7 "Boeing Report not expected to pinpoint cause of fire" by Daniel Michaels, Andy Pasztor says still no word on what caused the fire at heathrow on the parked 787.

Caterpillar: WSJ pC4 "Shares, Treasurys get gentle push" by Alexandra Scaggs, Min Zeng says bond prices rose and stocks edged higher after Bernanke offered reassurances that the central banks doesn't plan to pull back its easy money policies.  American Express and Caterpillar weighed on the Dow as the Dow underperformed other indexes.

NYT pb7 "Caterpillar falls" by William Alden says Caterpillar fell after a short seller James S. Chanos said he was betting against DuPont. 

AJC pA15 "Stocks edge up on Bernanke" says some soothing words from Bernanke pushed to market to slender gains Wed.  American Express and caterpillar held the Dow back.

Chevron:  NYT pB4 "Conviction of Chevron worker spurs oil industry concerns in Indonesia" by Joe Cochrane says an Indonesian court convicted a local employee of Chevron of corruption Wed in a case that has escalated uncertainties for foreign investors there.

Cisco:  No mentions found.

Coke:  No mentions found.

Disney:  No mentions found.

DuPont:  IBd pA2 "In brief", USAT  p3B "Gainers" say DuPont shares rose 5.3% onr eports that Nelson Peltz bought shares.

Exxon:  No mentions found.

GE:  No mentions found.

Hewlett-Packard:  No mentions found.

Home Depot:  No mentions found.

Intel:  WSJ pB6 "Intel crimped by slump in PCs" by Don Clark, IBD pA4 "Intel Q2 rev falls short; lowers sales outlook for year" by Patrick Seitz, NYT pB2 "Stark earnings for Intel reflect its changing market" by Quentin hardy,  AJC PA14 "Intel net income down on flat chip sales" say Intel's quarterly rev was $12.8 bil below analyst expecations of $12.9 bil and down 5% from last year.  Net income was $2 bil or 39 cents per share down 29% fro a year ago.

IBM:  WSJ pC10 "IBM likes its unexceptional exceptionals" by Rolfe Winkler,  WSJ pB1 "IBM struggles to lift rev" by Spencer E. Ante, IBD pA4 "IBM ups 2013 profit view, though Q2 rev falls" by Brian Deagon,  NYT pB9 "Rev falls but profit tops forecast at IBM: by Steve Lohr, AJC pA14 "Layoff costs, rev fall hurt IBM results" say IBM's 2Q net income fell 17% as rev slipped and it absorbed layoff costs.  Net  income was $3.23 bil or $2.91 per share, down from $3.88 bil or $3.34 a year ago.  Rev fell 3% to $24.92 bil due to declines in services & systems and tech sales.  Software rev grew.

JPMorgan: WSJ pA1 "Big bank staring at record fine over energy" by Dan Fitzpatrick, Rebecca Smith, Ryan Tracy says JPMorgan is in discussions with U.S. electricity regulators about a record fine to settle claims that JPMorgan manipulated electricity markets in Cal. and the Midwest.

WSJ pC1 "Cost cuts drive Bofa profit" by Shayndi Raice, WSJ pC10 "Bank of America gets down to business" by David Reilly say Bank of America posted better than expected 2Q profit as it had a 63% jump in net income to $4.01 bil from $2.46 bil a year earlier.  Earnings per share of 32 cents beat the analyst estimates of 25 cents.  Rev rose 3.5% to $22.73 bil a lower rate of growth than the 14% rise by JPMorgan. 

Johnson & Johnson:  No mentions found.

McDonald's:  No mentions found.

Merck:  No mentions found.

Microsoft:  WSJ pB6 "Gates touts computing that's aware of context" by Clint Boulton says Bill Gates gave a speech on the rise of personal agent tech which uses data from sensors embedded in mobile devices and software to discover deep insights. 

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

UnitedHealth:  No mentions found.

Verizon:  No mentions found.

Walmart:  No mentions found.

Wednesday's Closing Dow Numbers:

Symbol up Market Last Sale Net Change % Change Share Volume

AA   NYSE   $ 8.19    0.08   0.99%   10,367,191
AXP   NYSE   $ 76.76    1.51   1.93%   15,856,647
 BA   NYSE   $ 104.79    0.56   0.54%   3,899,546
BAC   NYSE   $ 14.31    0.39   2.8%   248,498,809
CAT   NYSE   $ 86.67    1.50   1.7%   14,991,768
CSCO   NASDAQ-GS   $ 25.72    0.01   0.04%   21,998,900
 CVX   NYSE   $ 124.35    0.23   0.19%   3,620,025
 DD   NYSE   $ 57.25    2.87   5.28%   17,260,510
DIS   NYSE   $ 65.36    0.33   0.51%   6,802,681
 GE   NYSE   $ 23.54    0.11   0.47%   26,646,572
 HD   NYSE   $ 80.44    0.22   0.27%   5,659,010
HPQ   NYSE   $ 26.31    0.14   0.53%   16,524,603
 IBM   NYSE   $ 194.55    0.70   0.36%   5,394,582
 INTC   NASDAQ-GS   $ 24.15    0.10   0.41%   40,479,592
 JNJ   NYSE   $ 90.13    0.27   0.3%   12,776,586
JPM   NYSE   $ 55.27    0.26   0.47%   18,287,800
KO   NYSE   $ 40.84    0.61   1.52%   18,402,524
 MCD   NYSE   $ 100.10    0.78   0.77%   5,347,556
 MMM   NYSE   $ 114.59    0.25   0.22%   1,944,783
MRK   NYSE   $ 48.13    0.10   0.21%   9,487,216
MSFT   NASDAQ-GS   $ 35.74    0.53   1.46%   37,030,869
 PFE   NYSE   $ 28.68    unch   unch   26,013,440
PG   NYSE   $ 80.09    0.88   1.09%   7,618,013
T   NYSE   $ 35.96    0.08   0.22%   16,757,855
TRV   NYSE   $ 83.99    0.76   0.91%   1,704,252
UNH   NYSE   $ 66.23    0.68   1.02%   8,851,497
 UTX   NYSE   $ 100.86    0.87   0.87%   2,503,363
VZ   Dual Listed   $ 50.74    0.46   0.91%   8,498,134
WMT   NYSE   $ 77.20    0.17   0.22%   5,361,479
XOM   NYSE   $ 93.46    0.16   0.17%   9,523,459

*********************
 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 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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