Saturday, October 12, 2013

10/12/13 Sat JPMorgan 3Q Results Beat Views but 1st Loss for Dimon

http://www.dowjonesmonitor.com/

Post No. 2,392 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.

A read of the print editions of  Monday's   Barron's and Investor's News Daily; the combined Sat/Sun issues of each of the Wall St. Journal &   Financial Times; Saturday's New York Times &  Atlanta Journal & amp; Constitution   yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and  Friday's stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 15237.11 up 111.04 or 0.73% from Thursday's close of 15,160.07.  For the week the Dow is up1.09%.  For the year the Dow is up 16.28%. Of  the Dow components   24   gained and  6 declined.  The biggest gainer dollar-wise  and percentage-wise was Verizon up $3.17 or 1.68% .  The biggest decliner dollar-wise  and percentage-wise was Boeing down 92 cents or 0.77% . 

IBD pB8 "Stocks add to big gains, but volume still declining" by Paul Witfield says stocks advanced Fri but vol declined for the 2nd straight session as the current outlook is uptrend under pressure.

Sat. WSJ pB5 "Stocks end with a gain" by Dan Strumpf says stocks climbed with blue chips notching their first weekly gains in 3 weeks as investors grew more confident that DC would get a deal to raise the borrowing limit to avoid a gov default.

Sat. NYT pB2 "Murmurs of a breakthrough on debt limit lift shares" by Reuters says stocks rose Fri as investors hoped for a solution to the gov shutdown.  JPMorgan reported a rare quarterly loss after incurring $9.2 bil in legal expenses as its shares fell one cent.

FT p13 "Gap hit by waning rev as consumer spending falls" by Jason Abbruzzese says  the Dow was up 0.3%.  JPMorgan fell 0.1% after reporting the bank's first loss under Jamie Dimon.  Johnson & Johnson added 1.1% as it was ungraded to neutral from sell by Goldman Sachs due to strength from its pharma area.

Sat. AJC pA10 "Stocsk rise as debt talks continue" by Joshua Freed says stock prices rose Fri as investors bet against a US debt default.  It was the 2nd day of gains after the dow had its biggest point rise of the year on Thurs.

As of the close  of the market on Friday the current divisor for the Dow Jones Industrial Average found at page B6   of  Saturday's Wall St. Journal is 0.15571590501117.  Friday's closing  trailing P/E ratio is  16.96 up   from Friday's opening trailing P/E of 16.84  (last year it was 14.52);  Friday's   closing P/E estimate is  14.13 up from Friday's opening P/E estimate of 13.99  (year ago it was 12.62) and Friday's closing  dividend yield is 2.19 down from Friday's opening dividend yield of 2.21  (last year it was 2.55). 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 2372.66 up 17.29  from Thursday's closing numerator of 2355.37. 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   Friday's Dow Jones Industrial Average was $79.09 up 58 cents from Thursday's average closing price of 78.51.  The median closing price of  Friday's Dow Jones Industrial Average was $75.11 (AXP/WMT) up 5 cents from Thursday's median closing price of $75.16 (WMT/HD). The lowest volume was  Travelers and the highest volume was Microsoft.

If  Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $5,031  ($237,624- $234,537)  .

MarketWatch 10/11/13 Fri. 4:20 pm by Kate Gibson says U.S. stocks  climbed on Friday, adding to Wall Street’s largest single-day percentage gain since Jan. 2, after the Associated Press reported House Republicans were proposing a deal that would avert default and end the 11-day-old government shutdown. “Any company that comes up slightly light on the quarter now gets a pass; it’s ‘The government ate my homework’ excuse.”  Lawrence Creatura, Federated Investors 
“Investors are getting a little bit of daylight with respect to the political landscape,” said Lawrence Creatura, portfolio manager at Federated Investors. “The market is concluding that some sort of resolution is more likely now than it has been in recent days,” Creatura added. The AP cited officials speaking on condition of anonymity in reporting senior aides to House Speaker John Boehner and Majority Leader Eric Cantor detailed the plan at a late-night White House meeting on Thursday with senior administration officials. President Barack Obama has said he wants to see the government reopened as quickly as possible without Republicans demanding any conditions for doing so. The government has been partially closed for 11 days as Republicans sought to defund the Affordable Care Act, or health-care legislation passed into law in 2010. “There has undoubtedly been economic impact,” said Creatura, referring to the partial government closure. “However, the markets will correctly perceive this as a temporary one-off event and will look through it in valuing equities. Any company that comes up slightly light on the quarter now gets a pass, it’s ‘the government ate my homework excuse,’” Creatura said.  A day after its largest point jump since December 2011, the Dow Jones Industrial Average DJIA +0.73% advanced 111.04 points, or 0.7%, to 15,237.11, a two-week high. The Standard & Poor’s 500 index SPX +0.63%  gained 10.64 points, or 0.6%, to 1,703.20, its first finish above 1,700 in nearly three weeks. The Nasdaq Composite COMP +0.83% climbed 31.13 points, or 0.8%, to 3,791.87. Both the Dow and the S&P 500 posted their first weekly gain in three, the former up 1.1% for the week and the latter rising 0.8% from last Friday’s close. The Nasdaq Composite fell for its fist week in six, off 0.4% for the week. For every stock falling, roughly three gained on the New York Stock Exchange, where nearly 635 million shares traded. Composite volume surpassed 2.9 billion.

Saturday's Dow news followed by Friday's Closing Dow Numbers:

AT&T:  WSJ pB5 "Investors focus on capital spending" by Chris Dieterich says as earnings season gets under way, investors are watching for signs that firms will ramp up spending to expand.  Energy firms such as Exxon and Chevron tend to spend the most on capital expenditures as do telecoms such as AT&T and Verizon to expand wireless networks & replace copper wire with fiber optic cable.

American Express:  Barron's p15 "Week preview" says on Tues 10/15 Johnson & Johnson will report results and on Wed. 10/16 so will American Express.

Boeing:  FT p11 "Airbus deals blow to Boeing with $9.5 bil order from JAL" by Andrew Parker says Airbus on Mon announced a $9.5 bil order from Japan Airlines for 31 new A350 long haul jets.

FT p12 "Boeing gains altitutde"  says due to the gov shutdown Airbus has been unable to deliver 4 aircraft to the US while Boeing has been able to carry on as normal.  The US FAA can't issue certificates of registration to Airbus.

Caterpillar:

Chevron:   WSJ pB5 "Investors focus on capital spending" by Chris Dieterich says as earnings season gets under way, investors are watching for signs that firms will ramp up spending to expand.  Energy firms such as Exxon and Chevron tend to spend the most on capital expenditures as do telecoms such as AT&T and Verizon to expand wireless networks & replace copper wire with fiber optic cable.

Cisco:  Barron's p29 "Building the Cloud: Who wins, who loses" by Tiernan Ray says Cisco Systems and others face threats as computing moves out of corporate data centers and onto the cloud that firms like Google and Amazon.com have created as well as Verizon Communications.  Verizon Cloud is a cloud builder and eschews traditional server computers and Cisco switches in favor of custom build boxes designed in partnership with AMD and its own networking software.

Coke:

Disney:  WSJ pB4 "Broadcasters ask court to intervene over Aereo" by Amol Sharma, Shalini Ramachandran say Disney & others are appealing a US 2nd circ. ruling earlier this year that denied their request to shut down Aereo's fee based service which streams local tv signals over the Web without their permission.

Sat. NYT pB2 "Hulu is expected to appoint Fox executive as chief" by Brian Stelter says Hulu, partially owned by Disney< is expected to appoint Mike Hopkins as CEO.

DuPont:

Exxon:  Barron's pM3 "Talk of debt deal pushes Dow 1% higher" by Vito Racanelli says at $87 per share, Exxon's stock is flat this year underperforming the market's 19% rise, so the shares may be cheap as Exxon is a solid, well run firm trading at a discount to historical valuations.

WSJ pB5 "Investors focus on capital spending" by Chris Dieterich says as earnings season gets under way, investors are watching for signs that firms will ramp up spending to expand.  Energy firms such as Exxon and Chevron tend to spend the most on capital expenditures as do telecoms such as AT&T and Verizon to expand wireless networks & replace copper wire with fiber optic cable.

GE:

Goldman Sachs: FT p13 "Gap hit by waning rev as consumer spending falls" by Jason Abbruzzese says  the Dow was up 0.3%.  JPMorgan fell 0.1% after reporting the bank's first loss under Jamie Dimon.  Johnson & Johnson added 1.1% as it was ungraded to neutral from sell by Goldman Sachs due to strength from its pharma area.

Home Depot:

Intel:

IBM:

JPMorgan:  Sat NYT pA1 "JPMorgan;s loss is corporate law firms' gain" by Peter Lattman, Jessica Silver-Greenberg, IBD pA1 "JPMorgan Chase, Wells Fargo beat Q3 earnings views" by Ciaran McEvoy,  Barron's p14 "Week review", WSJ pB1 "Buffer for legal tab batters JPMorgan" by Dan Fitpatrick, Saabira Chaudhuri, WSJ pB16 "JPMorgan lets investors judge" by David Reilly, FT p18 "JPMorgan", FT p10 "JPMorgan falls to first loss under Dimon" by Tom Braithwaite   say JPMorgan earned $1.42 a share up 1% a year ago beating analysts view of a expected 9% drop to $1.17.  JPMorgan's rev fell 8$ to $23.9 bil.   JPMorgan's reserve for legal costs totaled $9.2 bil resulting in a rare quarterly loss for JPMorgan, its first under CEO Jamie Dimon.

FT p13 "Gap hit by waning rev as consumer spending falls" by Jason Abbruzzese says  the Dow was up 0.3%.  JPMorgan fell 0.1% after reporting the bank's first loss under Jamie Dimon.  Johnson & Johnson added 1.1% as it was ungraded to neutral from sell by Goldman Sachs due to strength from its pharma area.

Sat. NYT pB2 "Murmurs of a breakthrough on debt limit lift shares" by Reuters says stocks rose Fri as investors hoped for a solution to the gov shutdown.  JPMorgan reported a rare quarterly loss after incurring $9.2 bil in legal expenses as its shares fell one cent.

Johnson & Johnson:  Barron's p15 "Week preview" says on Tues 10/15 Johnson & Johnson will report results and on Wed. 10/16 so will American Express.

WSJ pA3 "Seven deaths, 31 years, zero answers" by Ben Kesling takes a look at the unsolved 1982 Tylenol poisonings.

FT p13 "Gap hit by waning rev as consumer spending falls" by Jason Abbruzzese says  the Dow was up 0.3%.  JPMorgan fell 0.1% after reporting the bank's first loss under Jamie Dimon.  Johnson & Johnson added 1.1% as it was ungraded to neutral from sell by Goldman Sachs due to strength from its pharma area.

McDonald's:

Merck:

Microsoft:  WSJ pA1 "Microsoft CEO search reveals board rifts" by Shira Ovide, Spencer E. ante, Joann S. Lublin, AJC pA12 "Microsoft seeks a chief" by Nick Wingfield, AP say Bill Gates may take a bigger role at Microsoft.

Nike:

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:  Barron's p43 "A payout takes flight" by Shirley A. Lazo says United Technologies hiked its dividend 10% and is trading  a few points under its 52 week high of $112.46 yielding 2.2%.

UnitedHealth:

Verizon: Barron's p29 "Building the Cloud: Who wins, who loses" by Tiernan Ray says Cisco Systems and others face threats as computing moves out of corporate data centers and onto the cloud that firms like Google and Amazon.com have created as well as Verizon Communications.  Verizon Cloud is a cloud builder and eschews traditional server computers and Cisco switches in favor of custom build boxes designed in partnership with AMD and its own networking software.

WSJ pB5 "Investors focus on capital spending" by Chris Dieterich says as earnings season gets under way, investors are watching for signs that firms will ramp up spending to expand.  Energy firms such as Exxon and Chevron tend to spend the most on capital expenditures as do telecoms such as AT&T and Verizon to expand wireless networks & replace copper wire with fiber optic cable.

Visa:

Walmart:

Friday's Closing Dow Numbers:

Symbol  Last Sale   Change   % Change   Share Volume   Market
T NYSE
AXP NYSE
 BA NYSE
CAT NYSE
CVX NYSE
CSCO NASDAQ-GS
KO NYSE
DIS NYSE
DD NYSE
XOM NYSE
GE NYSE
GS 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)

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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