Post No. 2,377 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 Friday at 15451.09 down 185.46 or 1.19% from Thursday's close of 15636.55. For the week the Dow was up 75.02 or 0.49% from last Friday's close of 15376.07. Of the Dow components 3 gained and 27 declined, not including Goldman Sachs, Nike and Visa all of which were down except for Visa (these 3 will replaced Alcoa, Bank of America, and Hewlett-Packard as of close of market on 9/20). The biggest gainer dollar-wise and percentage-wise was Pfizer up 13 cents or 0.45% . The biggest decliner dollar-wise was IBM down $3.37 and percentage-wise was Caterpillar down 3.43%.
As of the open of the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.130216081. Friday's trailing P/E ratio is 16.31 down from Thursday's trailing P/E ratio of 16.35 (last year it was 15.05); Friday's P/E estimate is 13.85 unchanged from yesterday's P/E estimate of 13.85 (year ago it was 12.95) and Friday's dividend yield is 2.39 unchanged from yesterday's dividend yield of 2.39 (last year it was 2.52). The Dow's all-time high was 15,676.94 on September 18, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Friday's Dow Jones Industrial Average closing numerator was 2011.98 down 24.15 from Thursday's closing numerator of 2036.13. 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 $67.07 down 80 cents from Wednesday's average of $67.87. The median closing price of Thursday's Dow Jones Industrial Average was $67.79 (DIS/UNH) down $1.28 cents from Wednesday's median closing price of $70.08. 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 lost $2,415 ($203,613 - $201,198) .
MarketWatch 9/20/13 Fri. 4:35 pm by Kate Gibson says U.S. stocks fell hard on Friday, but benchmark indexes still managed to post a third week of gains, as investors reacted to the uncertain science of reading verbal signals from U.S. central bankers. The selloff intensified in the last few minutes of trading. Volatility was expected to be high Friday due to an options expiration known as quadruple witching taking place. The Dow Jones Industrial Average and the S&P 500 both fell for a second session, retreating from the record heights that came Wednesday after the Federal Reserve unexpectedly said it would refrain from curbing stimulus for now. On Monday, stocks rallied in the wake of former Treasury Secretary Larry Summers pulling his name out of contention to replace Ben Bernanke as chairman of the Federal Reserve. One Federal Open Market Committee member signaled the Fed could curb stimulus next month and another critical of the decision not to taper in September. It has been a “big week if you’re a Fed watcher, between Larry Summers and the FOMC meeting, the market was caught off guard,” said Richard Slinn, co-head of investments for Northern California at J.P. Morgan Private Bank. The bank oversees $910 billion in assets.
The Fed’s unexpected decision to hold off on reducing its $85 billion in monthly asset purchases was “aimed more at Main Street than Wall Street,” said Slinn, adding that the Fed wants to ensure its “decisions don’t risk the nascent recovery in the private sector,” given the potential impact of rising interest rates on the housing and auto sectors.In its worst session in more than a month, the Dow Jones Industrial AverageDJIA -1.19% fell 185.46 points, or 1.2%, to 15,451.09, leaving it up 0.5% on the week. Aluminum-producer Alcoa Inc. AA -1.78%was one of the top three decliners among the Dow’s 30 components, its shares down 1.8% on its final day of trading as a blue chip. Alcoa, Hewlett-Packard Co. HPQ +0.05% and Bank of America Corp. BAC +0.21% will no longer be part of the Dow 30 when trading begins Monday, replaced by Goldman Sachs Group Inc. GS +0.71% , Visa Inc. V +0.27% and Nike Inc. NKE -0.53% .Another Dow component, Caterpillar Inc.CAT -0.05% , fell 3.4% after the heavy-equipment maker in a regulatory filing reported a decline in retail sales.
The S&P 500 index SPX -0.72% dropped 12.43 points, or 0.7%, to 1,709.91, with utilities losing the most of its 10 major sectors. It’s up 1.3% for the week. Despite the volatile week, the month is shaping up to be the fifth best September ever for stocks, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. After a halt in trading pending news, shares of Blackberry Ltd. BBRY -2.81% fell 17% after the Canadian smartphone maker said it would layoff 40% of its global workforce and reported a nearly $1 billion second-quarter loss in an unexpected early release of its results.
Friday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
T
NYSEAA
NYSEAXP
NYSEBAC
NYSEBA
NYSECAT
NYSECVX
NYSECSCO
NASDAQ-GSKO
NYSEDIS
NYSEDD
NYSEXOM
NYSEGE
NYSEGS
NYSEHPQ
NYSEHD
NYSEINTC
NASDAQ-GSIBM
NYSEJPM
NYSEJNJ
NYSEMCD
NYSEMRK
NYSEMSFT
NASDAQ-GSNKE
NYSEPFE
NYSEPG
NYSEMMM
NYSETRV
NYSEUTX
NYSEUNH
NYSEVZDualListedV
NYSEWMTNYSE***************
The following are excerpts from Friday morning's Blog:
Today is Alcoa's, Bank of America's and Hewlett-Packard's last day on the Dow.
A read of the print editions of Friday's Wall St. Journal, Financial Times, Investor's News Daily, New York Times, USA Today, Atlanta Journal & amp; Constitution and 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.
The Dow Jones Industrial Average:The Dow Jones Industrial Average closed Thursday at 15636.55 down 40.39 or 0.26% from Wednesday's close of 15676.94. For the year the Dow is up 19.33%. Of the Dow components 8 gained and 22 declined, not including Goldman Sachs, Nike and Visa all of which were up except for Goldman Sachs (these 3 will replace Alcoa, Bank of America, and Hewlett-Packard as of close of market on 9/20). The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard up $1.14 or 1.47% . The biggest decliner dollar-wise and percentage-wise was UnitedHealth Care down $2.20 or 3.01%.
NYT pB6 "24 hours later, surprise by Fed keep investors scratching their heads" by Nathaniel Popper says many investors realized on Thurs morning that the Fed would not give up on slowing its bond purchases, but was only pushing the date out.
FT p21 "MetLife among insurers hit by fears low rates will dent profits" by Jason Abbruzzese says US stocks stepped back from record levels after its sharp rise due to the Fed's recent announcing about cont'g stimulus. JPMorgan fell 1.2% after settling the London Whale fiasco.
IBD pB2 "Stock indexes nearly flat as market digests gains" by Paul Whitfield says stocks popped at the open Thurs but then retreated. The Dow lost 0.3% dragged down by UnitedHealth Group's 3% dive. Thursday's action saw little changed in lower volume while the current outlook is a confirmed uptrend.
AJC pA11 "Stock market slips after big day" by Ken Sweet says Wall St paused Thurs as investors tried to figure out what to do next following the Fed's decision to keep its economic stimulus in place.
Thursday's Dow Jones Industrial Average closing numerator was 2036.13 down 5.26 from Wednesday's closing numerator of 2041.39. 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 $67.87 down 18 cents from Wednesday's average of $68.05. The median closing price of Thursday's Dow Jones Industrial Average was $68.29 (DIS/UNH) down 79 cents from Wednesday's median closing price of $70.08. The lowest volume was Travelers and the highest volume again was Bank of America.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost $526 ($204,139 - $203,613) .
MarketWatch 9/19/13 Thur. 4:21 pm by Kate Gibson says U.S. stocks on Thursday mostly fell, with benchmark indexes retreating from record highs that came with the Federal Reserve’s unexpected decision not to begin cutting stimulus.Thursday’s trade is “just a consolidation of yesterday; people are still trying to absorb the lack of tapering and assess what it means,” said Kate Warne, investment strategist at Edward Jones. “We still have the liquid backstop here,” said Eric Wiegand, portfolio manager at U.S. Bank Wealth Management. After a four-session winning run, the Dow Jones Industrial Average DJIA -0.26% lost 40.39 points, or 0.3%, at 15,636.55. The S&P 500 SPX -0.18% index lost 3.18 points, or 0.2%, to 1,722.34.Bucking the negative trend, the Nasdaq Composite COMP +0.15% gained 5.74 points, or 0.2%, to 3,789.38. Oracle Corp. shares ORCL +0.06% erased losses to end nearly 0.1% higher after the business-software provider missed sales forecasts and gave a disappointing outlook.Rite Aid Corp. RAD -1.09% jumped more than 23% after the drugstore chain raised its profit forecast.For every two stocks rising, roughly three fell on the New York Stock Exchange, where 738 million shares traded. Composite volume hit 3.7 billion.On Wednesday, both the Dow industrials and the S&P 500 index finished at record highs, Treasury yields fell sharply and gold rallied, as the Federal Open Market Committee said it needed further signs of economic improvement before it starts cutting its $85 billion in monthly bond purchases, otherwise known as quantitative easing. The FOMC decision reflects its members “agree things have improved, but not as much as they would have liked. The important point for investors is unless you’re really a short-term trader, you should be realizing the economy is getting better and the Fed will begin to reduce its bond purchases, whether it’s next month, the end of the year, or the beginning of 2014,” said Warne, who advised positioning portfolios for longer-term rates rising.Lost in the shuffle on Thursday was the day’s economic data, which included dicey weekly jobless-claims numbers, with processing delays in California and Nevada, along with the Labor Day weekend, skewing the latest numbers. Still, the more reliable monthly average has claims near a five-year low.Separate reports had the Conference Board’s leading economic index climbing 0.7% in August, slightly above expectations, and the Philadelphia Fed’s manufacturing index rising in September. Thursday’s economic reports took a back seat to Wednesday’s surprising FOMC decision, which the market is still trying to digest, according to Wiegand at U.S. Bank Wealth Management. Thursday’s news was “less weighty,” he said, “by order of magnitude.” On the New York Mercantile Exchange, crude for October delivery declined $1.68, or 1.6%, to settle at $106.39 a barrel, while gold futures for December delivery GCZ3 +4.42% jumped $61.80, or 4.7%, to $1,369.40 an ounce.Gold’s rise is “solely a reflection of the weaker dollar,” said Warne, noting that when the U.S. currency weakens, it takes fewer greenbacks to buy the same amount of gold.After getting hit on Wednesday, the dollar DXY +0.12% on Thursday edged higher against the currencies of major U.S. trading partners and Treasury prices declined, with the yield on the 10-year 10_YEAR +2.27% used in figuring mortgage rates and other consumer loans rising 5 basis points to 2.747%. “The Fed is probably comfortable with the 10-year Treasury yield at 2.5%, but very uncomfortable with it at 3% given the current macro environment,” said Nick Raich, CEO at the Earnings Scout, who believes Fed Chairman Ben Bernanke wanted to taper, but held off due to the spike in mortgage rates, which threatens the housing recovery.“The Fed surprise reduced 10-year rates, which is good news for people who are thinking about buying a house, but they probably shouldn’t wait too long,” said Warne, adding that people should factor in higher longer-term interest rates over the next six months.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC3 "Signing bonuses get rules" by Matthias Riker says FINRA wants to improve disclsoure of such bonuses with new rules that would affect mainly companies such as Bank of America's Merrill.
Boeing: FT p16 "Lufthansa orders 59 jets" by Michael Steen, IBD pA1 "Beoing up again on orders" say Lufthansa will buy 34 Boeing jets.
Caterpillar: No mentions found.
Chevron: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
GE: No mentions found.
Goldman Sachs: WSJ pC1 "Tech glitch sinks Goldman's Treasury order" by Carolyn Gui says a glitch in a computer system at the Fed messed up on $30 bil of bills sold to Goldman.
WSJ pC8 "Overheard" says 3 years ago Goldman Sachs paid $550 mil to settle with regulators in a case similar to JPMorgan's London Whale case.
Hewlett-Packard: No mentions found.
Home Depot: WSJ pB3 "Home Depot part-time employees set to lose health coverage" by Josh Beckerman, AJC pA1 "Home Depot drops benefits" by David Markiewicz says Home Depot os dropping limited medical insurance for part time employees in reaction to Obamacare.
Intel: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
IBM: No mentions found.
JPMorgan: FT p1 "JPMOrgan is fined $920m over London Whale fiasco" by Tom Braithwaite, Kara Scannell, Daniel Schafer, NYT pB1 "As inquiries persist, JPMorgan loses favor" by Jessica Silver-Greenberg, Ben Protess, USAT p1B "JPMorgan takes its medicine: $920M fine" by Kevin McCoy, FT p15 "Rebuke makes grim reading for Dimon" by Kra Seannell, Tom Braithwaite, Tracy Alloway, IBD pA1 "JPMorgan, SEC settle Whale", FT p12 "JPMorgan", WSJ pC1 "JP Morgan faces a hard line SEC" by Robin Sidel, Scott Patterson, Jean Eaglesham, WSJ pC8 "Overheard", WSJ pA15 "The London Whale vs. the Big Fish strategy" by Stephen R. Ehterington, AJC pA11 "JPMorgan pays $920M, admits fault" by Mary Gordon say this is in regard to the London Whlate $6 bil trading loss.
WSJ pC2 "JP Morgan settles consumer cases" by Alan Zibel, Andrew R. Honson says JPMorgan refunded $309 mil to 2.1 million credit card customers and will pay $80 mil in fines in the largest penalty to date due to debt collection and credit card products.
FT p21 "MetLife among insurers hit by fears low rates will dent profits" by Jason Abbruzzese says US stocks stepped back from record levels after its sharp rise due to the Fed's recent announcing about cont'g stimulus. JPMorgan fell 1.2% after settling the London Whale fiasco.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: WSJ pB1 "R&D pressure rises at Merck" by Peter Loftus says in the last 2 and a half years there have been over 10 research setbacks at Merck so the pressure for better results has mounted.
Microsoft: WSJ pB1 "Nokia's last great deal: zero to $7.2 bil" by John D. Stoll, WSJ pB3 "Nokia departing CEO to receive estimated $25.4 mil" by Sven Grundberg, NYT pB8 "A huge payday for chief who is leaving Nokia" by Michael J. de la Merced, FT p1 "Elop to get 18m Euros for moving to Microsoft" by Richard Milne, Daniel Thomas discuss Nokia's future after Microsoft buys it.
WSJ pB3 "No CEO clus at Microsoft" by Don Clark asks what is happening in the search for a new leader?
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: IBD pB2 "Stock indexes nearly flat as market digests gains" by Paul Whitfield says stocks popped at the open Thurs but then retreated. The Dow lost 0.3% dragged down by UnitedHealth Group's 3% dive. Thursday's action saw little changed in lower volume while the current outlook is a confirmed uptrend.
Verizon: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Visa: No mentions found.
Walmart: No mentions found.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Alcoa: No mentions found.
American Express: No mentions found.
Bank of America: WSJ pC3 "Signing bonuses get rules" by Matthias Riker says FINRA wants to improve disclsoure of such bonuses with new rules that would affect mainly companies such as Bank of America's Merrill.
Boeing: FT p16 "Lufthansa orders 59 jets" by Michael Steen, IBD pA1 "Beoing up again on orders" say Lufthansa will buy 34 Boeing jets.
Caterpillar: No mentions found.
Chevron: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
GE: No mentions found.
Goldman Sachs: WSJ pC1 "Tech glitch sinks Goldman's Treasury order" by Carolyn Gui says a glitch in a computer system at the Fed messed up on $30 bil of bills sold to Goldman.
WSJ pC8 "Overheard" says 3 years ago Goldman Sachs paid $550 mil to settle with regulators in a case similar to JPMorgan's London Whale case.
Hewlett-Packard: No mentions found.
Home Depot: WSJ pB3 "Home Depot part-time employees set to lose health coverage" by Josh Beckerman, AJC pA1 "Home Depot drops benefits" by David Markiewicz says Home Depot os dropping limited medical insurance for part time employees in reaction to Obamacare.
Intel: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
IBM: No mentions found.
JPMorgan: FT p1 "JPMOrgan is fined $920m over London Whale fiasco" by Tom Braithwaite, Kara Scannell, Daniel Schafer, NYT pB1 "As inquiries persist, JPMorgan loses favor" by Jessica Silver-Greenberg, Ben Protess, USAT p1B "JPMorgan takes its medicine: $920M fine" by Kevin McCoy, FT p15 "Rebuke makes grim reading for Dimon" by Kra Seannell, Tom Braithwaite, Tracy Alloway, IBD pA1 "JPMorgan, SEC settle Whale", FT p12 "JPMorgan", WSJ pC1 "JP Morgan faces a hard line SEC" by Robin Sidel, Scott Patterson, Jean Eaglesham, WSJ pC8 "Overheard", WSJ pA15 "The London Whale vs. the Big Fish strategy" by Stephen R. Ehterington, AJC pA11 "JPMorgan pays $920M, admits fault" by Mary Gordon say this is in regard to the London Whlate $6 bil trading loss.
WSJ pC2 "JP Morgan settles consumer cases" by Alan Zibel, Andrew R. Honson says JPMorgan refunded $309 mil to 2.1 million credit card customers and will pay $80 mil in fines in the largest penalty to date due to debt collection and credit card products.
FT p21 "MetLife among insurers hit by fears low rates will dent profits" by Jason Abbruzzese says US stocks stepped back from record levels after its sharp rise due to the Fed's recent announcing about cont'g stimulus. JPMorgan fell 1.2% after settling the London Whale fiasco.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: WSJ pB1 "R&D pressure rises at Merck" by Peter Loftus says in the last 2 and a half years there have been over 10 research setbacks at Merck so the pressure for better results has mounted.
Microsoft: WSJ pB1 "Nokia's last great deal: zero to $7.2 bil" by John D. Stoll, WSJ pB3 "Nokia departing CEO to receive estimated $25.4 mil" by Sven Grundberg, NYT pB8 "A huge payday for chief who is leaving Nokia" by Michael J. de la Merced, FT p1 "Elop to get 18m Euros for moving to Microsoft" by Richard Milne, Daniel Thomas discuss Nokia's future after Microsoft buys it.
WSJ pB3 "No CEO clus at Microsoft" by Don Clark asks what is happening in the search for a new leader?
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: IBD pB2 "Stock indexes nearly flat as market digests gains" by Paul Whitfield says stocks popped at the open Thurs but then retreated. The Dow lost 0.3% dragged down by UnitedHealth Group's 3% dive. Thursday's action saw little changed in lower volume while the current outlook is a confirmed uptrend.
Verizon: IBD pA1 "Verizon, AT&T lead cap sepnd" says the top 5 capital spenders in corporate America were Verizon, AT&T, Exxon, Chevron and Intel.
Visa: No mentions found.
Walmart: No mentions found.
Thursday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
| T | | NYSE | |||
| AA | | NYSE | |||
| AXP | | NYSE | |||
| BAC | | NYSE | |||
| BA | | NYSE | |||
| CAT | | NYSE | |||
| CVX | | NYSE | |||
| CSCO | | NASDAQ-GS | |||
| KO | | NYSE | |||
| DIS | | NYSE | |||
| DD | | NYSE | |||
| XOM | | NYSE | |||
| GE | | NYSE | |||
| GS | | NYSE | |||
| HPQ | | NYSE | |||
| HD | | NYSE | |||
| INTC | | NASDAQ-GS | |||
| IBM | | NYSE | |||
| JPM | | NYSE | |||
| JNJ | | NYSE | |||
| MCD | | NYSE | |||
| MRK | | NYSE | |||
| MSFT | | NASDAQ-GS | |||
| NKE | | NYSE | |||
| PFE | | NYSE |
| PG | | NYSE | |||
| MMM | | NYSE | |||
| TRV | | NYSE | |||
| UTX | | NYSE | |||
| UNH | | NYSE | |||
| VZ | | DualListed | |||
| V | | NYSE | |||
| WMT | | NYSE |
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY) (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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