Wednesday, September 25, 2013

9/25/13 Wed pm Dow Closes at 15273.26 down 61.33 or 0.40%

http://www.dowjonesmonitor.com/

Post No. 2,383 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  as of 9/23/13 and recent Dow 30 components' SEC filings as of 9/23/13.

 The Dow Jones Industrial Average closed Wednesday at 15273.26 down 61.33 or 0.40%   from Tuesday's close of 15334.59. Of  the Dow components  6  gained, DuPont was unchanged and   23 declined.  The biggest gainer dollar-wise  and percentage-wise was JPMorgan up $1.38 or 2.74% .  The biggest decliner dollar-wise was   Verizon down $1.78 and percentage-wise was was Walmart down 1.45 %.


As of the open  of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C5   of  Wednesday's Wall St. Journal is 0.15571590501117.  Wednesday's  trailing P/E ratio is  15.99 down from Tuesday's  trailing P/E ratio of 16.06 (last year it was 14.66);  Wednesday's   P/E estimate is  14.25 unchanged  from yesterday's     P/E estimate of 14.25  (year ago it was 12.95) and today's  dividend yield is 2.44 up   from Tuesday's dividend yield of 2.43  (last year it was 2.50). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 2378.29 down 9.55  from Tuesday's closing numerator of  2387.84. 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 (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of   Wednesday's Dow Jones Industrial Average was $79.28 down  31 cents    from Tuesday's average of 79.59.  The median closing price of  Wednesday's Dow Jones Industrial Average was $75.09 (WMT/HD). The lowest volume was  Travelers and the highest volume again was Bank of America.

If  Wedesday 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 $955  ( $238,784 - $237,829) .

MarketWatch 9/25/13 Wed. 4:30 pm by Kate Gibson says U.S. stocks dropped on Wednesday, with the S&P 500 index recording its longest decline since December, as a possible government shutdown overrode better-than-forecast economic reports.“It’s been a very good year for the stock market, but people are pausing to worry about what is going on in Washington. One of the few things you can say about the stock market is it hates uncertainty,” said David Kelly, chief market strategist at J.P. Morgan Funds.Down for a fifth session, the Dow Jones Industrial Average DJIA -0.40% lost 61.33 points, or 0.4%, at 15,273.26. The S&P 500 SPX -0.27%   also fell for a fifth session, closing down 4.65 points, or 0.3%, to 1,692.77, with health care losing the most and financials the best performing among its 10 major industry groups. The loss streak is the longest since Dec. 28, a time that had Wall Street fretting as politicians argued over combined spending cuts and tax hikes dubbed the “fiscal cliff.” The index is up nearly 19% for the year.The Senate voted 100-0 on Wednesday to pass a stopgap spending measure, with Democrats planning to get rid of language from the House version that would remove funding of the 2010 Affordable Care Act. Without an accord to hasten Senate consideration of the bill, a vote on its passage could come as late as Sunday, giving the House one day to move before spending authority lapses. Separately, Treasury Secretary Jacob Lew told legislators that the measures now being deployed to not surpass the debt ceiling will be unworkable by Oct. 17 at the latest.“It’s like going on a long road trip, and then arguing about whether you’re going to stop for gas or not. I have some sympathy for Secretary Lew who is looking at the gas indicator, which is on E, and he doesn’t know how many more miles he can go without it,” said Kelly. Wal-Mart Stores Inc. WMT -0.05%  paced blue-chip losses, its shares off 1.5% after Bloomberg News reported the discount retailer was reducing orders with suppliers this quarter and next to deal with climbing inventories. A Wal-Mart spokesperson told MarketWatch the report is “completely false.”J.P. Morgan Chase & Co. JPM +0.02%   led advancers on the Dow, its shares up 2.7%, after the Associated Press and the Wall Street Journal report the bank and government officials were in discussions to settled federal and state mortgage investigations. After four years struggling to attract students, interest in full-time M.B.A. programs – the bread and butter of business schools – is heating up. Melissa Korn reports on the News Hub.J.C. Penney Co. JCP -0.49%  fell to a nearly 13-year low, leading S&P 500 losses with a 15% drop, after Goldman Sachs Group Inc. projected sales at the department-store chain would improve at a slower-than-anticipated pace and raised questions about the retailer’s liquidity.The Nasdaq Composite COMP -0.19% lost 7.16 points, or 0.2%, to 3,761.10.Advancers remained just ahead of decliners on the New York Stock Exchange, where 641 million shares traded. Composite volume approached 3.2 billion.The Treasury market continues to benefit from the risk-taking confusion, with benchmark yields down to their lowest level since the middle of August, while the dollar was near its weakest point against other global currencies since February, Peter Boockvar, chief market strategist at The Lindsey Group, noted in emailed commentary.Treasury prices mostly gained, with the yield on the 10-year note 10_YEAR -1.35% used in determining mortgage rates and other consumer borrowing costs down 4 basis points to 2.621%. The dollar DXY -0.33% lost ground against the currencies of major U.S. trading partners, including the euro EURUSD +0.39%  and the yen USDJPY -0.31% .Energy costs fell for a fifth session, with crude-oil futures for November delivery CLX3 -0.87%  falling 47 cents, or 0.5%, to finish at $102.66 a barrel.Gold futures GCZ3 +1.36% for December delivery rose $19.90, or 1.5%, to settle at $1,336.20 an ounce, marking their first gain in four sessions.On Wednesday, stock-index futures offered no discernible reaction to data that had orders for U.S. durable goods unexpectedly bouncing back last month on demand for autos.Stocks only briefly cut their losses after the Commerce Department reported new-home sales rose last month after an unexpected drop in July.“It’s a tug of war. I think that is going to be the case for a while as no one is sure what will happen with the possible government shutdown, which is being contrasted with reasonable economic data,” Kate Warne, investment strategist at Edwards Jones, of the current volatility in equities.

Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
TNYSE
AXPNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
GSNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
NKENYSE
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
UNHNYSE
VZDualListed
VNYSE
WMTNYSE

**************************
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 & 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  Tuesday's stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 15334.59 down 66.79 or 0.43%   from Monday's close of 15401.38. For the year the Dow is up 17.0%. Of  the Dow components 9  gained and   21 declined.  The biggest gainer dollar-wise  and percentage-wise was Boeing up $1.49 or 1.27% .  The biggest decliner dollar-wise was Visa down $2.90  and percentage-wise was  JPMorgan down 2.22%.

WSJ pC4 "Stocks continue post-Fed decline" by Tom Kilgore says Dow has 4th straight loss due to uncertainty over taper & budget discussions.

NYT pB5 "Shadow of shutdown looms over markets" & AJC pA13 "Dow down for fourth day"  by AP says Wall St was unable to shrug off doubts about gov gridlock Tues dragging the market lower in the final half hour of trading.

IBD pB4 "Indexes mixed as market digests recent advances" by Juan Carlos Arancibia says the market closed narrowly mixed Tues as it continued to consolidate recent advances.  Tuesday's action was mixed performance in higher volume while the current outlook is a confirmed uptrend.

FT p23 "Facebook touches record high as investors warm to mobiles" by Jason Abbruzzese says 2 of the Dow's newcomers were making an impact as Nike up 0.7% was among the best and Visa off 1.5% was among the worst.



Tuesday's Dow Jones Industrial Average closing numerator was 2387.84 down 1040  from Monday's closing numerator of  2398.24. 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 (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.

The average closing price (the closing numerator divided by 30) of   Tuesday's Dow Jones Industrial Average was $79.59 down  35 cents    from Monday's average of 79.94.  The median closing price of  Tuesday's Dow Jones Industrial Average was $68.32 (DIS/UNH) up 3 cents  from Monday's median closing price of $68.29. The lowest volume was  Travelers 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 lost $1,040  ( $239,824 - $238,784) .

MarketWatch 9/24/13 Tues. 4:06 pm by William L. Watts says The S&P 500 and the Dow industrials extended a losing streak to four sessions after giving up modest gains in late trade. At 4 p.m. Eastern, the S&P 500 SPX -0.26% was down 4.4 points, or 0.3%, at 1,697.44, while the Dow Jones Industrial Average DJIA -0.43% lost 66.79 points, or 0.4%, to 15,334.59. The Nasdaq Composite COMP +0.08% held on to a nearly 3-point gain, a rise of 0.1%, to 3,768.25.

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

AT&T:  WSJ pC14 "AT&T won't set its table with Dish" by Miriam Gottfried, WSJ pB4 "AT&T looks to Europe for deals, CEO says" by Thomas Gryta, Ryan Knutson  say AT&T won't buy Dish but may buy the remainder of Vodafone's European assets once it closes its deal with Verizon.

American Express:  No mentions found.

Boeing:  FT p19 "S Korea restarts $8bn fighter jet bids" by Simon Mundy, Song Jung-a, WSJ pB3 "Lockheed fighter gains momentum" by Doug Cameron  say the competition for a new fleet of fighter jets is between Boeing, Lockheed Martin and the Eurofighter consortium.  Boeing is the front runner.  The F-35 led by Lockheed, Northrop Grumman, BAE and United Tech's Pratt & Whitney has become notorious for design problems & cost overruns since the consortium was picked over Boeing in 2001.

Caterpillar:  No mentions found.

Chevron:No mentions found.

Cisco:No mentions found.

Coke:No mentions found.

Disney:No mentions found.

DuPont:No mentions found.

Exxon:No mentions found.

GE:No mentions found.

Goldman Sachs:No mentions found.

Home Depot:No mentions found.

Intel:  WSJ pB1 "Merger makes a chip giant" by Don Clark, Daisuke Wakabayashi, Kana Inagaki says  Intel, Samsung & Taiwan Semiconductor are squeezing suppliers to drive down costs for chips while ushing equipment makers to spend on developing even more sophisticated machines to keep shrinking the size of transistors on chips.

IBM:  IBD pA4 "Cornerstone OnDemand takes on Oracle, SAP, IBM" by Pete Barlas says  IBM has made acquisition to compete in the business of providing software to manage staffing needs.

JPMorgan:  WSJ pA1 "JP Morgan offers $3 billion to end mortgage probes" by Devlin Barrett, Robin Sidel, NYT pB3 "JPMorgan may settle with group of agencies" by Jessica Silver-Greenberg, Ben Protess,  IBD pA2 "JPMorgan fights several fronts"  say JPMOrgan may pay between $3 to 7 bil to settle mortgage fraud claims.

Johnson & Johnson:No mentions found.

McDonald's:No mentions found.

Merck:No mentions found.

Microsoft:  FT p1 Nokia chairman admits mistake over Elop's 18.8 mil Euro pay off" by Richard Milne says Microsoft is paying 70% of Elop's payment although there is confusion as to how much that will be.

Nike: FT p23 "Facebook touches record high as investors warm to mobiles" by Jason Abbruzzese says 2 of the Dow's newcomers were making an impact as Nike up 0.7% was among the best and Visa off 1.5% was among the worst.

 Pfizer:No mentions found.

Procter & Gamble:No mentions found.

3M:No mentions found.

Travelers:No mentions found.

United Technologies:    FT p19 "S Korea restarts $8bn fighter jet bids" by Simon Mundy, Song Jung-a, WSJ pB3 "Lockheed fighter gains momentum" by Doug Cameron  say the competition for a new fleet of fighter jets is between Boeing, Lockheed Martin and the Eurofighter consortium.  Boeing is the front runner.  The F-35 led by Lockheed, Northrop Grumman, BAE and United Tech's Pratt & Whitney has become notorious for design problems & cost overruns since the consortium was picked over Boeing in 2001.

UnitedHealth:No mentions found.

Verizon: WSJ pC14 "AT&T won't set its table with Dish" by Miriam Gottfried says AT&T won't buy Dish but may buy the remainder of Vodafone's European assets once it closes its deal with Verizon.

Visa: FT p23 "Facebook touches record high as investors warm to mobiles" by Jason Abbruzzese says 2 of the Dow's newcomers were making an impact as Nike up 0.7% was among the best and Visa off 1.5% was among the worst.

Walmart:

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
TNYSE
AXPNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
GSNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
NKENYSE
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
UNHNYSE
VZDualListed
VNYSE
WMTNYSE
******************

Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)

American Express AXP Kenneth I. Chenault (NY, NY)

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)

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)

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)

Wal-Mart WMT Mike Duke (Bentonville, ARK)

***************************

Here are the Dow Jones Industrial Average 30 as of 9/23/13 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $386.24
2. Microsoft MSFT 272.72
3. Johnson & Johnson JNJ 251.06
4.  WalMart WMT 248.78
5.   GE 247.26
6. Chevron CVX 242.51
7. Procter & Gamble PG 217.13
8. IBM 209.22
9. JPMorgan Chase JPM 193.93
10. Pfizer PFE 190.66
11. AT&T T 181.74
12. Coke KO 171.25
13. Merck MRK 139.53
14. Verizon VZ 137.30
15.  Cisco CSCO 130.15
16. Visa V 126.59
17. Intel INTC 117.67
18. Disney DIS 115.67
19. Home Depot HD 108.74
20.United Technologies UTX 100.39
21. McDonald's MCD 97.25
22. Boeing BA 88.65
23. American Express AXP 83.32
24. 3M MMM 82.77
25. Goldman Sachs GS 77.42
26. UnitedHealth UNH 73.02
27.Nike NKE 61.42
28.Caterpillar CAT 55.07
29. DuPont DD 54.86
30. Travelers TRV 32.26

****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 9/31/13:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 9/10/13 8K re: purchase of spectrum from Verizon
8/28/13 8K re: redemption of 6.62% debentures due 10/15/34
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


American Express AXP: 9/16/13 8K re: delinq. & write off stats for 3 months ended 8/31/13
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


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: 9/20/13 8K re: 3 month dealer stats for period ended 8/13
9/17/13 8K re: credit agrmt up to $3  bil led by Citibank
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

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:  9/10/13 10K for fiscal year ended 7/27/13
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


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:  9/3/13 8K re: election of Patrick J. Ward to Board of Dires.
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


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: 9/13/13 8K re: election of James E. Rohr to Board of Dires.
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: 8/8/13 10Q & 7/16 8K re: qr. ended 6/30/13
7/19/13 8K re: opinion of counsel re: $2.5 bil Notes due '18


Home Depot HD: 9/20/13 8K re: election of Helena B. Boulkes to Board of Dirs.
9/10/13 8K re: closing of sale of $3.25 bil notes
8/28/13 10Q re: qtr. ended8/4/13
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


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: 9/10/13 8K re: sale of outsourcing services business to SYNNEX
 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

JPMorganChase JPM:  9/20/13 8K re: election of Linda B. Bammann to Board of Dirs. & amdmt to bylaws
9/19/13 8K re: consent decrees with Comptroller of Currency and Consuemr Fin'l Protection Bd. re:
credit card allegations
9/19/13 8K re: consent decrees with SEC & UK FCA & payment of $920 mil re: London Whale loss
9/10/13 8K re: fin'l services investor conf.presentation
8/21/13 8K re: closing of sale of $750 mil of 5.62% sub. notes due '43
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

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


McDonald's MCD:  9/18/13 8K re: declaration of quarterly dividend
9/10/13 8K re: Aug. '13 sales
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: 9/23/13 8K re: amendment of exec comp. plans
9/20/13 8K re: realignment of structure to become a devices & service company
9/3/13 8K re: purchase of Nokia handset business
8/30/13 8K re: election of G. Mason Morfit to Board of Dires.
8/23/13 8K re: retirement of CEO Steven A.Ballmer within 12 months
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

Nike NKE: 7/30/13 Proxy for 9/19/13 AnnualMeeting of Sharehodlers
7/23/13 10K for year ended 5/31/13

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:  9/16/13 8K re: changes to global  Business Unit Structure & Segment earnings
9/4/13 8K re: presentation at Barclays Back to School Conference
8/23/13 8K re: Proxy for Annual Meeting of Shareholders on 10/8/13 in Cincinnati
 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

3M MMM: 8/27/13 8K re: $150 mil credit agreement with HSBC Bank
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: 9/6/13 8K re: new Pres. at Pratt & Whitney: Paul Adams succeeds David Hess
8/28/13 8K re: redemption of Goodrich 3.6% notes due '21
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: 9/9/13 8K re: investor presentation at Morgan Stanley Global Health Care conf.
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


Verizon Communications Inc. VZ: 9/16/13 8K re: saleof $49 bil of notes
9/5/13 8K re: election of Gregory D. Wasson to Board of Dires.
9/5/13 8K re: election of Kathyrn A. Tesija to Board of Dirs.
9/3/13 8K re: purchase of Vodafone's indirect 45% interest in Verizon Wirelss
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


Visa V: 9/17/13 8K & 9/12/13 8K & 7/26/13 8K re: adoption of exec pre-arranged trading plans for execs: William Sheedy, Byron H.Pollitt, Jr. & Elizabeth Buse
7/24/13 10Q for quarter ended6/30/13

WalMart WMT: 8/15/13 9/5/13 10Q for qtr. ended 7/31/13
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

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