Post No. 2,362 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 recent ranking of the Dow 30 components by market capitalization and recent Dow 30 components' SEC filings.
The Dow Jones Industrial Average closed Wednesday at 15326.60 up 135.54 or 0.89% from Tuesday's close of 15191.06. Of the Dow components 25 gained, AT&T and Hewlett-Packard were unchanged and 3 declined, not including Goldman Sachs which was down and Nike and Visa both which were up. The biggest gainer dollar-wise and percentage-wise was IBM up $4.10 or 2.2% . The biggest decliner dollar-wise was JPMorgan and percentage-wise were JPMorgan and Intel down 0.76 %.
As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C6 of Wednesday's Wall St. Journal is 0.130216081. Wednesday's trailing P/E ratio is 15.84 up from yesterday's trailing P/E ratio of 15.51 (last year it was 14.76); today's P/E estimate is 13.43 unchanged from Tuesday's P/E estimate of 13.43 (year ago it was 12.55) and today's dividend yield is 2.47 down from yesterday's dividend yield of 2.48 (last year it was 2.57). The Dow's all-time high was 15,658.36 on August 2, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Wednesday's Dow Jones Industrial Average closing numerator was 1995.77 up 17.63 from Tuesday's closing numerator of 1978.12. 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 $66.53 up 59 cents from Tuesday's average of $65.94. The median closing price of Wednesday's Dow Jones Industrial Average was $69.56 (DIS/UNH) up 83 cents from Tuesday's median closing price of $68.73. The lowest volume was 3M 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 $1,763 ($199,577 - $197,812) .
MarketWatch 9/11/13 Weds. 4:18 pm by Kate Gibson says U.S. stocks tilted mostly higher on Wednesday, with the Dow industrials tallying a third day of triple-digit gains, as reduced worry about Syria countered Apple Inc.’s sharp drop. President Barack Obama’s decision to delay military action against Syria eased concerns, yet the issue remained on the back burner. “If something were to go wrong, we would be back to focusing on Syria,” said Peter Cardillo, chief market economist at Rockwell Global Capital. Erasing losses and extending gains into a seventh session, the S&P 500 indexSPX +0.31% added 5.14 points, or 0.3%, to end at 1,689.13, with consumer staples the best performing of its 10 major industry groups. The Nasdaq Composite COMP -0.11% lost 4.01 points, or 0.1%, to 3,725.01. The Dow Jones Industrial Average DJIA +0.89% rose 135.54 points, or 0.9%, to 15,326.60, with International Business Machines Corp. IBM -0.60% pacing blue-chip gains, up 2.2%, a day after agreeing to sell its customer care outsourcing business for $505 million to Synnex Corp. SNX +20.07% . Unlike the S&P and the Nasdaq, the Dow does not include AppleAAPL +0.25% , shares of which fell 5.4% a day after the consumer-technology company announced two new models, with analysts criticizing the cost of its lower-priced iPhone, saying it would prove too pricey to succeed in emerging markets. At the start of Wednesday’s session, Apple’s weighting in the Nasdaq Composite was 8.3%, making its impact the largest of its components, according to Nasdaq OMX. Verizon Communications Inc. VZ -0.12% gained 0.1% after the telecommunications giant and Dow component launched the biggest corporate bond sale on record, selling as much as $49 billion in bonds to help finance its $130 billion purchase of Vodafone Group PLC’sUK:VOD +1.08% For every seven stocks falling, roughly eight gained on the New York Stock Exchange, where 657 million shares traded. Composite volume neared 3.1 billion. In an address from Washington Tuesday night, President Barack Obama said he was putting off a request that Congress authorize U.S. strikes targeting the Syrian regime after a deadly chemical-weapons attack last month. Obama said his administration will pursue a Russian proposal for Syria to turn over its chemical weapons to the international community. “Stock markets are ready to pause their recent rally as investors digest the diplomatic solution proposed over dismantling chemical weapons in Syria. The stock market has a way of discounting developing geopolitical situations quickly,” Fred Dickson, chief investment strategist at Davidson Companies, wrote in emailed commentary. “The diplomatic pause by the U.S. is bullish for risk-based assets including stocks, but the risk of unusual or unexpected twists in the process remain, as suggested last night by President Obama,” Dickson added. The yield on the 10-year Treasury note 10_YEAR -1.78% used in determining mortgage rates and other consumer loans fell 6 basis points to 2.908%, while the dollar DXY -0.43% fell against other currencies. On the New York Mercantile Exchange, gold futures for December delivery GCZ3 +0.04% fell 20 cents to settle at $1,363.80 an ounce. The cost of oil also fluctuated, with crude futures for October deliveryCLV3 +0.29% up 17 cents, or 0.2%, to end at $107.56 a barrel. Markets offered little reaction to Commerce-Department data showing wholesale inventories and sales both rose 0.1% in July.
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
T
NYSE AA
NYSE AXP
NYSE BAC
NYSEBA
NYSE CAT
NYSE CVX
NYSECSCO
NASDAQ-GSKO
NYSE DIS
NYSE DD
NYSE XOM
NYSE GE
NYSE GS
NYSE HPQ
NYSEHD
NYSE INTC
NASDAQ-GSIBM
NYSE JPM
NYSE JNJ
NYSE MCD
NYSE MRK
NYSE MSFT
NASDAQ-GS NKE
NYSE PFE
NYSEPG
NYSEMMM
NYSE TRV
NYSEUTX
NYSE UNH
NYSE VZ DualListed V
NYSE WMT
NYSE************
The following are excerpts from Wed. morning's Blog:
A read of the print editions of Wednesday's Wall St. Journal, Financial Times, Investor's News Daily, New York Times, USA Today, Atlanta Journal & Constitution & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Tuesday's stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 15191.06 up 127.94 or 0.85% from Monday's close of 15063.12. For the year the Dow is up 15.93% Of the Dow components 26 gained and 4 declined. The biggest gainer dollar-wise was United Technologies up $1.78 and percentage-wise was Microsoft up 2.32% . The biggest decliner dollar-wise was Exxon down 22 cents and percentage-wise was Hewlett-Packard down 0.40%%.
WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, USA Today p1B "Dow 30 to add Goldman, Nike, Visa" by Rodney Brooks, John Waggoner, Matt Krantz, IBD pA1 "Goldman, Visa, Nike join Dow", NYT pB7 "Dow index replaces 3 of its 30 stocks" by William Alden, FT p1 "Three-for-three Dow shake-up reflects US shift towards goods and services" by Michael Mackenzie, Arash Massoudi, FT p18 "Dow remix is a sign of struggle to be relevant" by John Authers, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
WSJ pC4 "Investors relieved as Syria tensions ease" by Dan Strumpf saysinvestors breathed a sigh of relief pushing oil prices to a one week low and boosting stocks after overtures by Russia and Syria appeared to stay a US military strike.
IBD pB4 "Stocks advance broadly as leaders keep rallying" by Juan Carlos Arancibia says the stock market pressed on with its Sept rally as Tuesday's action saw techs lead broad gains. The current outlook is a confirmed up trend.
NYT pB4 "Market gains and oil prices decline on hopes of averting strike on Syria" , AJC pA11 "Stocks up as Syria conflict cools off" by AP says stocks rose and oil prices fell as the risk taht the US would attack Syria faded.
Tuesday's Dow Jones Industrial Average closing numerator was 1978.12 up 16.68 from Monday's closing numerator of 1961.46. 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 Tuesday's Dow Jones Industrial Average was $65.94 up 56 cents from Monday's average of $65.38. The median closing price of Tuesday's Dow Jones Industrial Average was $68.73 (DIS/UNH) up 81 cents from Monday's median closing price of $67.92. The lowest volume was 3M and the highest volume again was Bank of America.
If Tuesday 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 $1,668 ($197,812 - $196,146) .
MarketWatch
9/10/13 Tues. 4:19 pm by Kate Gibson says U.S. stocks rallied on Tuesday, with the S&P 500
continuing its longest stretch of gains since mid-July, after upbeat
data from China and amid heightened diplomacy on Syria.“The market is happy we’re not going to have to go in and shoot
missiles,” said JJ Kinahan, chief strategist at TD Ameritrade in
Chicago, referring to Syria. “And now we’re in spitting distance of
1,700; we may go up and test that over the next few days,” he said of
the S&P 500 Index
SPX
+0.74%
.Extending gains into a sixth consecutive session, the index rose 12.28
points, or 0.7%, to 1,683.99, with industrials leading gains that
included all of its 10 major industry groups.The Dow Jones Industrial Average
DJIA
+0.85%
rose as many as 129 points, and ended at 15,191.06, up 127.94 points,
or 0.9%.Both the S&P 500 and Dow industrials finished the
session near four-week highs, while the Nasdaq Composite
COMP
+0.62%
ended at a level not seen since 2000.The Nasdaq ended at 3,729.022, up
22.84 points, or 0.6%.After a two-session runup, Apple Inc.
AAPL
-0.18%
lost 2.3% after the consumer-technology company unveiled its new
flagship iPhone 5S, along with a less costly but colorful iPhone 5C. “I
would say the real summary is ‘buy the rumor, sell the news’ as the
stock is up almost 10% over the last month,” said Kinahan about Apple.For
every share falling, nearly two gained on the New York Stock Exchange,
where 773 million shares traded.Composite volume neared 3.6 billion.“The
markets are right now breathing a sigh of relief that we’re moving
closer to a diplomatic solution as opposed to a military solution in
Syria,” said Darrell Cronk, regional chief investment officer for Wells
Fargo Private Bank. “Any military solution would cause some angst” by
creating uncertainty as to its scale and duration, Cronk said.Paul
Vigna and Barry Ritholtz discuss the aftermath of the 2008
financial crisis, and David Blitzer of S&P Dow Jones Indices
looks
at changes to the Industrial Average.President Barack Obama is scheduled
to detail his plans regarding Syria in a nationally televised address
at 9 p.m. Eastern.“Overnight, we had really strong economic data out of China, both their
industrial production numbers and their retail-sales numbers were up
double digits over year-ago numbers. That has Asian markets up nicely,”
Cronk added of reports from Beijing’s National Bureau of Statistics.
The data had China’s industrial output rising 10.4% in August from a year ago and retail sales gaining 13.4%. Wall Street finished higher on Monday after
China reported export growth that surpassed expectations.Equities are
benefitting amid an “asset redeployment as people get out
of their gold positions,” said Kinahan at TD Ameritrade. “Gold is
probably selling off today and yesterday on Syria news. Gold, oil and
the U.S. dollar tend to be affected by geopolitical risk,” said Cronk at
Wells Fargo.Gold futures
GCZ3
-1.64%
slid $22.70, or 1.6%, to $1,364 an ounce, while the price of crude
CLV3
-1.98%
fell $2.13, or 1.9%, to $107.39 a barrel and on the New York Mercantile Exchange.
The dollar
DXY
-.00%
gained against the currencies of major U.S. trading partners and Treasury prices fell, with the yield on the 10-year note
10_YEAR
+1.85%
up five basis points to 2.973%.
In
coming weeks, the Dow industrials are in for a dramatic makeover.As of
the open on Sept. 23, Goldman Sachs Group Inc.
GS
+3.54%
will replace Bank of America Corp.
BAC
-0.14%
, Visa Inc.
V
+3.38%
is evicting Hewlett-Packard Co.
HPQ
-.00%
, and Nike Inc.
NKE
-0.42%
will bump Alcoa Inc.
AA
-0.07%
, S&P Dow Jones Indices said on Tuesday.“You’ve replaced two stocks that essentially don’t matter in Alcoa and
Bank of America with two that do,” said Dan Greenhaus, chief market
strategist at BTIG LLC.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: WSJ pA1 "Verizon readies for bond blowout" by Mike Cherney, Dana Cimilluca, Liz Rappaport says Verizon will sell up to $49 bil of bonds today to buy out Vodafone. AT&T 9 year bonds trade at a 4.39% yield.
Alcoa: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
American Express: No mentions found.
Bank of America: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: IBD pA2 "Cisco buys Whiptail for $415 mil" says Cisco plans to use Whiptail to boost its unified computing system architecture to improve its customer data center ops.
Coke: WSJ pC4 "Aluminum users push LME for tougher warehoulse rules" by Tatyana Shumsky says a group of aluminum users that include Coa-Cola are pushing the London Metal Exchange to stiffen warehousing rules to ease aluminum storage bottlenecks.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Goldman Sachs: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Hewlett-Packard: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Home Depot: No mentions found.
Intel: WSJ pB4 "Intel introduces ultrasmall chips" by Don Clark, FT p13 "Intel eyes chips with everything" by Richard Waters, say the new line of chips, called Quark will be used to jump on emerging wearable, ind'l and medical apps in coming years. They can even be swallowed.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: WSJ pB9 "McDonald's strength in Europe boosts same store sales" by Michael Calia, IBD pA1 "McDonald's US sales weak", AJC pA12 "McDonald's key rev metric rises" say gain in rev at stores open at least 13 months rose 1.9% for the period ended 8/31.
Merck: No mentions found.
Microsoft: No mentions found.
Nike: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
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: WSJ pA1 "Verizon readies for bond blowout" by Mike Cherney, Dana Cimilluca, Liz Rappaport, IBD pA2 "Verizon Communications" , FT p18 "Verizon bond orders soar to $70 bn" by Vivianne Rodrigues say Verizon will sell up to $49 bil of bonds today to buy out Vodafone. AT&T 9 year bonds trade at a 4.39% yield.
Visa: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Walmart: WSJ pB9 "Walmart retailer starts trade in program for Smartphones" by Saabira Chaudhuri, AJC pA12 "Walmart to launch phone trade in" by AP say Walmart will allow smartphone trade ins later this month by giving a credit up to $300.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: WSJ pA1 "Verizon readies for bond blowout" by Mike Cherney, Dana Cimilluca, Liz Rappaport says Verizon will sell up to $49 bil of bonds today to buy out Vodafone. AT&T 9 year bonds trade at a 4.39% yield.
Alcoa: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
American Express: No mentions found.
Bank of America: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: IBD pA2 "Cisco buys Whiptail for $415 mil" says Cisco plans to use Whiptail to boost its unified computing system architecture to improve its customer data center ops.
Coke: WSJ pC4 "Aluminum users push LME for tougher warehoulse rules" by Tatyana Shumsky says a group of aluminum users that include Coa-Cola are pushing the London Metal Exchange to stiffen warehousing rules to ease aluminum storage bottlenecks.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Goldman Sachs: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Hewlett-Packard: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Home Depot: No mentions found.
Intel: WSJ pB4 "Intel introduces ultrasmall chips" by Don Clark, FT p13 "Intel eyes chips with everything" by Richard Waters, say the new line of chips, called Quark will be used to jump on emerging wearable, ind'l and medical apps in coming years. They can even be swallowed.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: WSJ pB9 "McDonald's strength in Europe boosts same store sales" by Michael Calia, IBD pA1 "McDonald's US sales weak", AJC pA12 "McDonald's key rev metric rises" say gain in rev at stores open at least 13 months rose 1.9% for the period ended 8/31.
Merck: No mentions found.
Microsoft: No mentions found.
Nike: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
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: WSJ pA1 "Verizon readies for bond blowout" by Mike Cherney, Dana Cimilluca, Liz Rappaport, IBD pA2 "Verizon Communications" , FT p18 "Verizon bond orders soar to $70 bn" by Vivianne Rodrigues say Verizon will sell up to $49 bil of bonds today to buy out Vodafone. AT&T 9 year bonds trade at a 4.39% yield.
Visa: WSJ pC1 "Reshuffle of DJIA adds Nike, Visa and Goldman" by Matt Jarzemsky, Colin Barr, AJC pA11 "Why the Dow is changing" by Ken Sweet, AP say Alcoa Inc., Hewlett-Packard Co. and Bank of America Corp. will be dropped from the Dow at close of business 9/30 in the biggest shake-up of the Dow in almost a decade. Alcoa, on the Dow for 54 years, will be replaced by Nike Inc. Visa Inc. will replace HP which joined the Dow in '97 and Goldman Sachs Group Inc. will replace Bank of America which was on the Dow for 5 years.
Walmart: WSJ pB9 "Walmart retailer starts trade in program for Smartphones" by Saabira Chaudhuri, AJC pA12 "Walmart to launch phone trade in" by AP say Walmart will allow smartphone trade ins later this month by giving a credit up to $300.
| 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 |
| GS | | NYSE | |||
| NKE | | NYSE | |||
| V | | 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) (to be dropped close of market 9/20/13)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.) (to be dropped close of market 9/20/13)
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)
Goldman Sachs GS Lloyd Blankfein (NY, NY) to be added close of market 9/20/13)
Hewlett-Packard HPQ Meg Whitman (Palo Alto, CA) (to be dropped close of market 9/20/13)
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)
Nike NK Mark Parker (Beaverton, OR) to be added close of market 9/20/13)
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)
Visa V Charles W. Scharf (Foster City, CA) to be added close of market 9/20/13)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 8/21/13 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $380.39
2. Microsoft MSFT 263.31
3. Johnson & Johnson JNJ 250.24
4. WalMart WMT 241.10
5. GE 240.44
6. Chevron CVX 227.40
7. Procter & Gamble PG 217.40
8. IBM 202.50
9. JPMorgan Chase JPM 194.57
10. Pfizer PFE 186.96
11. AT&T T 177.81
12. Coke KO 169.70
13. Bank of America BAC 154.06
Visa V 145.5 as of 9/11
14. Merck MRK 138.89
15. Verizon VZ 135.27
16. Cisco CSCO 129.18
17. Intel INTC 110.45
18. Disney DIS 109.22
19. Home Depot HD 107.70
20. McDonald's MCD 95.08
21. United Technologies UTX 93.31
22. American Express AXP 80.05
23. Boeing BA 78.39
24. 3M MMM 77.52
Goldman Sachs GS 74 as of 9/11
25. UnitedHealth UNH 73.05
Nike NKE 59.5 as of 9/11
26. Caterpillar CAT 53.71
27. Hewlett-Packard HPQ 48.95
28. DuPont DD 52.77
29. Travelers TRV 29.66
30. Alcoa AA 8.39
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 8/21/13:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 8/2/13 10Q & 7/24/13 8K & 7/23/13 8K re: results for quarter ended 6/30/13
7/25/13 8K re: retirement from Board of Dr. Gilbert F. Amelia
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 # of dirs. 14 from 13
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
Alcoa AA: 8/19/13 8K re: closing of smelting capacity in US & Brazil
7/25/13 10Q for Qtr ended 6/30/13
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
American Express AXP: 8/15/13 8K re: delinq. & write-off stats for 3 mos. ended 7/31/13
7/29/13 10Q & 7/17/13 8K re: 2Q results ended 6/30/13
7/25/13 8K re: amdmt to sr. Exec. Severance Plan
7/15/13 8K re: delinq. & write-off statgs for 3 mos. ended 6/30/13
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
Bank of Am BAC: 8/1/13 10Q & 7/17/13 8K re: 2Q ended 6/30/13 results
7/24/13 8K re: election to Board of Clayton S. Rose & Pierre de Weck
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
Boeing BA: 7/24/13 10Q & 8K re: results for qtr. ended 6/30/13
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: 8/20/13 8K re: dealer stats for July '13
8/2/13 10Q & 7/24/13 8K re: 2Q ended 6/30/13 results
7/23/13 8K re: June '13 dealer stats
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
Chevron CVX: 8/7/13 10Q & 8/2/13 8K re: 2Q ended 6/30/13 results
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
Cisco CSCO: 8/15/13 8K re: firing of 4,000 employees
8/14/13 8K re: FY '13 & 4Q results
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: 7/25/13 10Q & 7/16/13 8K 2Q ended 6/28/13 results
7/19/13 8K re: election of Ana Botin to Board
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: 8/6/13 10Q & 8/6/13 8K re: 3Q ended 6/29/13 results
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: 8/13/13 8K re: adoption of Sr. Exec. Severance Plan
7/23/13 10Q & 8K re: 2Q ended 6/31/13 results
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: 8/6/13 10Q & 8/1/13 8K re: 2Q ended 6/30/13 results
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: 7/26/13 10Q & 7/19/13 8K re: 2Q ended 6/30/13 results
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
Goldman Sachs GS:
Hewlett-Packard HPQ: 7/15/13 8K re: election to Board of Robert F. Bennett, Raymond E. Ozzie & James A. Skinner & increase # of dirs. from 9 to 12
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: 8/20/13 8K re: 2Q results
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: 7/29/13 & 7/18/13 & 7/17/13 8K re: results for qtr ended 6/29/13
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: 7/31/13 8K re: underwriting contracts for notes5/6/13 8K re: issuance of notes
7/31/13 10Q & 7/18/13 8K & 7/17/13 8K re: 2Q ended 6/30/13 results
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: 8/21/13 8K re: sale of subordinated Notes
8/7/13 10Q re: 6/30/13 results
8/1/13 8K re: redemption of Non0cumulative Pref. Stock, Series J
7/29/13 8K re: issuance of Non0cumulative Pref. Stock, Series R
7/29/13 8K re: possible sale of commodities business
7/19/13 8K re: retirement from Board of David Cote & Ellen Futter
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
Johnson & Johnson JNJ: 8/20/13 8K re: closing of purchase of Aragon Pharmaceuticals, Inc.
8/1/13 10Q & 7/16/13 8K re: 2Q ended 6/30/13 results
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: 7/31/13 10Q & 7/22/13 8K re: 2Q ended 6/30/13 results
7/19/13 8K re: dividend of 77 cents pe share payable 9/17/13 to record holders on 9/3/13
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: 8/7/13 10Q & 7/30/13 8K re: results as of 6/30/13
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: 7/30/13 10K & 7/18/13 8K re: results for year ended 6/30/13
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
Nike NKE:
Pfizer PFE: 8/9/13 10Q & 7/30/13 8K re; 2Q ended 6/30/13 results
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: 8/15/13 8K re: sale of Floating Rate Notes due '63
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: 8/13/13 8K re: election to Board of Thomas K. Brown increase from 11 to 12
8/1/13 10Q & 7/25/13 8K re: 2Q ended 6/30/13 results
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: 8/1/13 8K re: underwriting contracts re: issuance of 4.6% Sr. Notes due '43
7/23/13 10Q & 8K re: 2Q ended 6/30/13 results
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: 7/26/13 10Q & 7/23/13 8K re: 2Q ended 6/30/13 results
6/18/13 8K re: Ohio Fed. Ct. awarding $473 mil to U.S. re: False Claims 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: 8/5/13 10Q & 7/18/13 8K re: 2Q ended 6/30/13 results
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: 7/25/13 10Q & 7/18/13 8K re: results for qtr ended 6/30/13
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
Visa V:
WalMart WMT: 8/15/13 8K re: 2Q ended 7/31/13 results
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
THE END OF THE BLOG
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