Post No. 2,547 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 January 27, 2014 and a summary of Dow 30 components' recent SEC filings as of January 27, 2014.
The Dow Jones Industrial Average closed Monday at 15837.88 down 41.23 or 0.26% from Friday's close of 15879.11. Of the Dow components 13 gained, JPMorgan was unchanged and 16 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar up $5.12 or 5.49%. The biggest decliner dollar-wise was IBM down $1.74 and percentage-wise was Visa was 2.27%.
Monday's Dow Jones Industrial Average closing numerator was 2466.21 down 6.42 from Friday's closing numerator of 2472.63. 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.
As of the open of the market on Monday the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.15571590501117. Monday's trailing P/E ratio is 15.78 down from Friday's trailing P/E of 16.08 (last year it was 15.38). Monday's P/E estimate is 14.75 down from Friday's P/E estimate of 14.82 (year ago it was 12.28) and Monday's dividend yield is 2.18 up from Friday's dividend yield of 2.14 (last year it was 2.52). The Dow's all-time high was 16,576.66 on December 31, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $82.21 down 21 cents from Friday's average closing price of $82.42. The median closing price of Monday's Dow Jones Industrial Average was $76.55 (WMT/HD) down 24 cents from Friday's median closing price of $76.79 (WMT/HD). The lowest volume was 3M and the highest volume was Cisco.
If Monday 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 $4,965 ($247,263 - $246,621).
MarketWatch
1/27/14Mon. 4:39 pm by Anora Mahmudova says U.S. stocks ended Monday lower in a volatile session as
worries over emerging-markets currencies unsettled investors. Stocks
began the day on a higher note following upbeat results from
Caterpillar, but fell after home sales data showed a larger drop in
December than anticipated.Indexes tested key technical levels adding to the steep losses from
their worst week in over a year, after downbeat data from China and
selloffs in emerging-markets currencies triggered a global flight from
equities.The S&P 500
SPX
-0.49%
ended the session 8.73 points, or 0.5%, lower at 1,781.56, after
briefly venturing into positive territory in late trade. The Dow Jones
Industrial Average
DJIA
-0.26%
closed down for the fifth-straight session. The blue-chip index opened
higher, buoyed by upbeat earnings and forecast from Caterpillar Inc, but
closed 41.23 points, or 0.3%, lower at 15,837.88.
The Nasdaq Composite
COMP
-1.08%
was the worst performing index on Monday. At session lows, the index
fell through its 50-day moving average, but pared some of the losses in
late trade. The tech-heavy index lost 44.56 points, or 1.1%, to
4,083.61. “Markets are looking for an excuse to take money off the table, as we
had a huge rally last year, said Scott Wren, senior equities strategist
at Wells Fargo Advisors.
“We are telling our retail investors that it is a buying opportunity and
instead of getting out, they should be considering putting more cash to
work. Retail investors should be welcoming such pullbacks, as the
12-month outlook for stocks, especially sectors such as industrials,
tech and consumer discretionary, which are usually hit the most during
such selloffs and become cheap,” he added.Frank Fantozzi, president and founder of Planned Financial Services,
believes recent selloffs in the U.S. stock market are driven by
temporary nervousness and anxiety, but said several years of bull
markets lie ahead of us.“Investors believe markets rallied too much at the end of last year. We
would not be surprised to see a 10% correction sometime this year,”
Fantozzi said.“We are optimistic about 2014, as capital spending by companies has
picked up and will continue to rise, according to leading indicators
data. If companies believe the economy is in good shape, then we will
see decent earnings, which will support a further rise in the S&P
500,” he added.
Upbeat results from Caterpillar Inc. initially lifted the Dow, but gains
were capped amid broad-based selling. Shares of Caterpillar Inc.
CAT
-0.96%
, seen as an economic bellwether for global activity, rose 5.9%. The company posted fourth-quarter earnings
per share of $1.54, topping forecasts, and a 44% profit gain. Cost
cutting offset a sales drop of 10%. Caterpillar gave a forecast that
beat analysts estimates for the year, and said it expects a $1.7 billion
buyback in the first quarter of this year.Sales of new single-family homes
fell in December, but the whole of 2013 saw the highest sales level in
five years, the government reported Monday. Sales of new single-family
homes dropped 7% in December due to harsh winter weather. The median
price of new homes ticked up in December and for 2013, the median price
hit $265,800, up 8.4% from the prior year, the strongest annual growth
since 2005.Homebuilders fell after the housing data release and several ratings
downgrades. KB Home was downgraded to underweight from equalweight and
Toll Brothers’ rating was cut to equal weight from overweight.Shares in KB Home
KBH
-2.72%
fell 2.7%, while Toll Brothers’
TOL
+0.26%
shares lost 1.6%.Shares in Google Inc
GOOG
-0.57%
fell 2% after the company said it bought artificial-intelligence
company DeepMind. Samsung Electronics Co. and Google also signed a
long-term cross-licensing deal on technology patents.Shares in Care.com Inc
CRCM
-0.20%
, which jumped more than 40% on debut on Friday, continued to rise, adding 2.5%.Apple Inc
AAPL
-8.02%
shares slid more than 5% afterhours, as the tech group missed analysts
forecast on sales of iPhones, even though earnings per share beat
estimates.Investors will also focus on the Federal Reserve this week as the
central bank will take center stage on Wednesday. Most observers expect
the central bank to cut its bond-buying again, by about $10 million to
$65 billion a month. Expectations of Fed tapering are among the reasons Wall Street suffered its worst weekly performance in more than a year last week.In other markets, European stocks ended lower on Monday, while Asia
followed up those Wall Street losses with a 2.5% drop for the Nikkei 225 Index
JP:NIK
-2.51%
and a 2% loss for the Hang Seng Index
HK:HSI
-2.11%
. Gold pared losses and natural-gas prices
NGG14
-5.42%
fell.
Monday'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 | |||
| 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 | |||
| V | | NYSE | |||
| VZ | | DualListed | |||
| WMT | | NYSE |
**************************
The following are excerpts from Monday morning's Blog:
A read of the print editions of Monday's Barron's, Investor's Business Daily, the Wall Street Journal, Financial Times, New York Times, USA Today, Atlanta Journal & amp; Constitution & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Friday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 15879.11 down 318.24 or 1.96% from Thursday's close of 16197.35. For the week the Dow was down 579.45 or 3.52% from last Friday's close of 16458.56. For the year the Dow is down 4.31%. Of the Dow components 3 gained and 27 declined. The biggest gainer dollar-wise was Procter & Gamble up 94 cents and percentage-wise was Microsoft up 2.08 %. The biggest decliner dollar-wise was Boeing down $4.66 and percentage-wise was GE down 3.37%.
Friday's Dow Jones Industrial Average closing numerator was 2472.63 down 49.65 from Thursday's closing numerator of 2522.18. 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.
IBD pB8 "Few escape bears' wrath as indexes' losses hit 2%" by Paul Whitfield says bears ran wild Friday for a 2nd straight session, delivering losses that were staggering in their breadth and depth. Friday's action was down sharply as volume jumps. The current outlook is uptrend under pressure.
Sat. WSJ pA1 "U.S. markets tumble as fear spreads" by Prabha Natarajan, Nicole Hong, Chris Dieterich says U.S. stocks tumbled fri. to their biggest loss in more than 7 months extending a global selloff that investors fear signals turmoil to come as fin'l markets adjust to a pullback in central bank-stimulus.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $82.42 down $1.65 from Thursday's average closing price of $84.07. The median closing price of Friday's Dow Jones Industrial Average was $76.79 (WMT/HD) down 81 cents from Thursday's median closing price of $77.60 (WMT/HD). The lowest volume was 3M and the highest volume was GE.
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 $4,965 ($252,221 - $247,263).
MarketWatch
1/24/14 Fri. 4:55 pm by Anora Mahmudova says U.S. stocks finished the week with deep losses as investors
fled equities and emerging-markets currencies on concerns about a
contagion effect from China’s manufacturing slowdown.The S&P 500 and the Dow Jones Industrial Average recorded their
worst weekly losses in more than a year while volumes on Wall Street on
Thursday and Friday were significantly higher than their 30-day
averages.The S&P 500
SPX
-2.09%
closed below the psychologically significant level of 1,800 for the
first time since Dec. 17, dropping 38.17 points, or 2.1%, to 1,790.29.
The benchmark index shed 2.6% over the past week, its worst weekly
percentage loss since June 2012. The index is now 3.1% below its record
high, reached Jan. 15. The trading week was shortened by Monday’s Martin
Luther King Jr. Day holiday.The Dow Jones Industrial Average
DJIA
-1.97%
dropped 318.24 points, or 2%, to 15,879.11 and lost 3.5% over the week,
its worst weekly percentage decline since 2011. The last time the blue
chip index had two consecutive days of triple digit losses were in Dec
11. and Dec 12.The Nasdaq Composite
COMP
-2.15%
lost 90.70 points, or 2.2%, to 4,128.17 and registered a weekly loss of
1.7% after two weeks of gains. On Friday, the tech-heavy index reversed
its early 2014 gains and is now down 1.2% since the start of the year.The CBOE Volatility Index
VIX
+31.74%
, known as the Vix, surged 32%, its steepest rise since the April 15
Boston Marathon bombings.Investors began selling stocks and emerging-markets currencies
heavily on Thursday following weak Chinese economic data. The sharp
selloffs on Wall Street prompted some analysts to call it the beginning
of a long-awaited correction.“In 2013 the list of concerns in equity
markets really narrowed and some
of them were not even on the radar, but this year some concerns are
back,” said Drew Wilson, investment analyst at Fenimore Asset
Management.“Last year markets gave corporations an amnesty on earnings,
regardless
of what they were, but this year corporations need to prove their
profits are sustainable before being rewarded,” Wilson said.“Today’s
drop on the S&P 500 still puts us within 5% of the record
high and this environment is certainly beginning to be good for value
investors, who had a difficult time last year as bargains were scarce,”
he added.“We think the flight to quality will continue, as investors
realize how
much profit they have made in the S&P 500 last year. This kind
of
selling could well be a spark for the correction,” said Uri Landesman,
president at Platinum Management.Investors digested earnings results from several heavyweights in a day
with no U.S. economic data. Some earnings provided a bright spot in an
otherwise gloomy session.Kimberly Clark Corp.
KMB
+1.88%
announced its fourth-quarter earnings
and jumped to $539 million, or $1.40 per share, beating analysts’
expectations. Shares in the consumer-goods company rose 1.9%.
Monday's Dow News followed Friday's Closing Dow Numbers:
AT&T: Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
WSJ pB2 "AT&T sounds out EU on impact of NSA role" by Laurence Norman, Thomas Gryta says CEO Randall Stepehnson met with EU's top telecom regulator in Davos last week as AT&T tries to get an acquisition in the region.
American Express: No mentions found.
Boeing: WSJ pB3 "FAA orders safety checks on Boeing 767s" by Andy Pasztor says US. regulators are about to order safety checks of more than 400 Boeing 767 jets citing hazards from movable tail sections that can jam and might cause loss of control of the jet.
Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
Caterpillar: Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
Chevron: WSJ pB5 "Lawyer fighting Chevron hires legal heavyweight" by Jennifer Smith says Steven Donziger has hired Deepak Gupta to defend him vs. Chevron's suit vs. him for racketeering.
Barron's p32 "Speaking of dividends" by Shirely A. Lazo says Investment Quality Trends lists 2014's Lucky 13 and includes Chevron, a Dividend Aristocrat, Coke which has grown profits in 76 of the past 80 years, Exxon, a Dividend Aristocrat, McDonald's as its dividends and stock price have been in a major uptrend for 10 years.
Cisco: No mentions found.
Coke: WSJ pB3 "Data breaches like Coke's aren't rare" by Mike Esterl says Coke on Fri said personal data on 70,000 workers was compromised by a stolen laptop.
Barron's p32 "Speaking of dividends" by Shirely A. Lazo says Investment Quality Trends lists 2014's Lucky 13 and includes Chevron, a Dividend Aristocrat, Coke which has grown profits in 76 of the past 80 years, Exxon, a Dividend Aristocrat, McDonald's as its dividends and stock price have been in a major uptrend for 10 years.
Disney: WSJ pA1 "ESPN's internet rollout tests television cash cow" by Shalini ramachandran, Amol Sharma, Matthew Futterman discusses Disney's ESPN's aggressive push into online services as pay tv matures.
WSJ pB4 "Est. Box Office figures" places Disney's Frozen at No. 4 with cumulative sales of $348 mil.
DuPont: No mentions found.
Exxon: Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
Barron's p32 "Speaking of dividends" by Shirely A. Lazo says Investment Quality Trends lists 2014's Lucky 13 and includes Chevron, a Dividend Aristocrat, Coke which has grown profits in 76 of the past 80 years, Exxon, a Dividend Aristocrat, McDonald's as its dividends and stock price have been in a major uptrend for 10 years.
GE: No mentions found.
Goldman Sachs: No mentions found.
Home Depot: No mentions found.
Intel: Barron's p22 "First find a leader" by Tiernan Ray says Microsoft is in a holding pattern until Ballmer's successor is named. Intel reined in investment this year.
IBM: Barron's pM14 "Research reports" edited by Paul Farrell says UBS on 1/21 issued a report on IBM when the price was $188.43 with a neutral saying the stock has sold in a P/E multiple range of 10 to 16 times the past 5 years and the low end of that range is appropriate now due to a threat from the Cloud.
JPMorgan: WSJ pC1 "Dimon, former ally settle dispute" by Robin Sidel, Dan Fitzpatrick says Frank Bisignano, a former top lietenant who left, has settled with JPMOrgan
Johnson & Johnson: No mentions found.
McDonald's: Barron's p32 "Speaking of dividends" by Shirely A. Lazo says Investment Quality Trends lists 2014's Lucky 13 and includes Chevron, a Dividend Aristocrat, Coke which has grown profits in 76 of the past 80 years, Exxon, a Dividend Aristocrat, McDonald's as its dividends and stock price have been in a major uptrend for 10 years.
Merck: IBD pA2 "Merck allergy pill moves on" says an experimental pill, Ragwitek, passed a key hurdle with the FD. It is an under the tongue anti-allergy pill.
Microsoft: IBD pB2 "Microsoft tops on Cloud gains" says Microsoft's 2Q rose 3% to 78 cents beating by 10 cents.
Barron's p22 "First find a leader" by Tiernan Ray says Microsoft is in a holding pattern until Ballmer's successor is named. Intel reined in investment this year.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: IBD pA1 "P&G saw emerging growth" says Procter & Gamble's 2Q eps fell 0.8% to $1.21 beating views by a penny. Sales rose 0.5% to $22.28 bil, above views. Sales were flat at $5.3 bil but beat views.
3M: Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth Group: No mentions found.
Verizon: WSJ pC1 "Ahead of the tape" by Dan Gallagher says Verizon last week logged a 10% drop in smartphone activations for 4Q.
Visa: Barron's p13 "Week preview" says on Monday Caterpillar announces quarterly results, with consensus estimate of $1.28 vs. $1.46 a year ago; on Tuesday AT&T and Pfizer report quarterly results; Boeing reports on Wednesday; and on Thursday 3M, Visa and Exxon Mobil release reports.
Walmart: WSJ pB3 "Walamrt answers accusations" by Laurie Burkitt says Walmart denied bribing people in China.
IBD pA2 "Walmart" says Walmart will cut 2,399 wokers at its Sam's Club.
| 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 | |||
| WMT | | NYSE |
*********************
The Dow Jones Industrial Average closed Thursday at 16197.35 down 175.99 or 1.07% from Wednesday's close of 16373.86. For the year the Dow is down 2.29%. Of the Dow components 7 gained and 23 declined. The biggest gainer dollar-wise and percentage-wise was Verizon up 53 cents or 1.38%. The biggest decliner dollar-wise was Boeing down $3.06 and percentage-wise was American Express down 2.15%.
Thursday's Dow Jones Industrial Average closing numerator was 2522.18 down 37.41 from Wednesday's closing numerator of 2549.59. 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.
WSJ pC1 "U.S. stock rout gets worse" by Tomi Kilgore, Chris Dieterich says stocks recorded broad declines as weak economic data out of China triggered a retreat out of riskier investments.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $84.07 down 92 cents from Wednesday's average closing price of $84.99. The median closing price of Thursday's Dow Jones Industrial Average was $77.60 (WMT/HD) down 18 cents from Wednesday's median closing price of $77.78 (WMT/HD). The lowest volume was 3M and the highest volume was GE.
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 $3,741 ($254,959 - $252,221).
MarketWatch 1/23/14 Thurs. 4:05 pm by Anora Mahmudova says U.S. stocks closed sharply lower on Thursday as weak economic data from China triggered selloffs in risky assets and buoyed investments like Treasurys and gold. The Dow Jones Industrial Average DJIA -1.08% fell to a five-week low, shedding 175.99 points, or 1.1%, to 16,197.35. The blue-chip index recorded its third straight session of losses. The S&P 500 SPX -0.89% finished the day down 16.40 points, or 0.9%, to 1,828.46, snapping a two-day winning streak. The Nasdaq Composite /COMP -0.57% lost 24.13 points, or 0.6%, to 4,218.87 trimming its year-to-date gains.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T:
American Express:
Boeing:
Caterpillar:
Chevron:
Cisco:
Coke: AJC pA16 "FDA takes anotehr look at soda caramel coloring" says Coke and others ahve reduced the levels of 4-methylimidazole which is the coloring used in soda and may be harmful.
Disney:
DuPont:
Exxon:
GE:
Goldman Sachs: WSJ pC1 "Goldman to muzzle some chat services" by Liz Rappaport, Katy Burne says Goldman will ban traders from using some chat services to protect info.
WSJ pC1 "Industry's split spills out on strip" by Al Yoon discusses lavish parties thrown by Goldman Sachs and other banks for lobbying purposes.
WSJ pC1 "Goldman must face CDO suit" by Saabira Chaudhuri says Goldman will face a class action lawsuit alleging it defrauded investors who bought more than $2 bil in CDOs.
Home Depot: AJC pA16 "Home Depot acquires online retailer" says Home Depot bought Blinds.com for an undisclosed sum.
Intel:
IBM:
JPMorgan: WSJ pC1 "Teeing up a happier new year at J.P. Morgan" by David Reilly says JPMorgan may be the most attraictive big bank ahead of the expected turn in the interest rate cycle.
Johnson & Johnson:
McDonald's: AJC pA16 "McDonald's profit up despite less traffic" say McDonald's earned $1.4bil or $1.40 per share for its more recent qtr vs. a year ago $1.39 bil or $1.38 per share. The higher profit for the $Q was despite a slowdown in customer traffic.
Merck:
Microsoft: AJC pA16 "Xbox, Surface sales boost Microsoft" says Rev rose 14% to $24.52 bil for Microsoft's 2Q with net income at $6.56 bil or 78 cents per share from $6.38 bil or 76 cents per share a year ago, in both cases beating expectations from Wall St.
Nike:
Pfizer:
Procter & Gamble: WSJ pC1 "Expectations for P&G could use a shave" by spencer Jakab says declines in yen and other foreign currency has hurt Procter & gamble which reports earning today.
3M:
Travelers:
United Technologies:
UnitedHealth Group:
Verizon:
Walmart:
Thursday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
T
NYSE AXP
NYSE BA
NYSE CAT
NYSE CVX
NYSECSCO
NASDAQ-GSKO
NYSEDIS
NYSE DD
NYSE XOM
NYSE GE
NYSE GS
NYSE HD
NYSE INTC
NASDAQ-GS IBM
NYSE JPM
NYSEJNJ
NYSE MCD
NYSE MRK
NYSE MSFT
NASDAQ-GS NKE
NYSEPFE
NYSE PG
NYSE MMM
NYSE TRV
NYSE UTX
NYSE UNH
NYSE VZ
DualListed 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 (to be replaced on Feb. 2014 by Doug McMillon) (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 1/27/14 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $414.66
2. Microsoft MSFT 299.08
3. WalMart WMT 260.40
4. Johnson & Johnson JNJ 253.76
5. GE 253.64
6. Chevron CVX 239.93
7. JPMorgan Chase JPM 221.96
8. Procter & Gamble PG 213.30
9. IBM 193.17
10. Pfizer PFE 192.23
11. AT&T T 176.53
12. Coke KO 171.03
13. Merck MRK 153.49
14. Visa V 137.68
15. Verizon VZ 136.48
16. Disney DIS 126.96
17. Intel INTC 122.88
18. Cisco CSCO 117.63
19. Home Depot HD 111.17
20.United Technologies UTX 104.41
21. Boeing BA 103.22
22. McDonald's MCD 93.60
23. American Express AXP 92.06
24. 3M MMM 86.82
25. Goldman Sachs GS 75.51
26. UnitedHealth UNH 72.13
27.Nike NKE 63.67
28. Caterpillar CAT 58.09
29. DuPont DD 55.79
30. Travelers TRV 29.9632.20
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/27/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T:
1/22/14 8K re: certain fin'l items for 4Q
12.18/13 8K re: sale of AT&T's incumbent local exchange opers in Ct. to Frontier Comm. for $ 2 bil
12/16/13 8K re: redemption of shares of Perpetual Cumulative Pref. Stock held by subsidiaries
12/12/13 8K re: amendments to '11 Incentive Plan re: triggers of benefit acclerations
12/11/13 8K re: amendment to $5 bil credit agreement
12/6/13 8K; 11/20/13 8K; 11/14/13 8K & 11/5/13 all re: the tender offer of $3.3 bil of Notes
11/27/13 8K re: sale of $1.6 bil of 2.37% Global Notes due '18
11/25/13 8K re: sale of $1.0 bil of 3.82% Global Notes due '20
11/13/13 8K re: sale of $2 bil Euros of Global Notes
11/1/13 10Q & 2 8Ks 10/23/13 re: results of 3Qtr ended 9/30/13
American Express AXP:
1/16/13 8K re: 4Q results
1/15/14 8K re: deling. & write-off states for 3 mos. through 12/31/13
12/24/13 8K re: settlement with bank regulators re: credit card add-on products
12/19/13 8K re: settlement of class action filed by US merchants
12/16/13 8K re: deling. & write-off states for 3 mos. through 11/30/13
11/15/13 8K re: delinq. & write-off stats for each of the 3 months ended 10/31/13
Boeing BA:
12/19/13 8K re: promotion of Dennis A. Muilenberg from CEO of Boeing Defense, Space & Security to COO of Boeing & promotion of Raymond L. Conner to Boeing Vice-Chair & CEO of Beoing Comm'l Airplanes & technical amendments to By-laws
12/16/13 8K re: increase in quarterly dividend and add'l $10 bil for stock repurchase program
10/31/13 8K re: $2.3 bil 364 day evolving credit agreement and a $2.3 bil 5 year revolving credit agreement
10/23/13 10Q & 10/23/13 8K re: 3 Qtr ended 9/30/13
Caterpillar CAT:
1/27/14 8K re: 4Q results 12/31/13
1/24/14 8K re: 3 mo. dealer stats thru 12/13
12/23/13 8K re: restructuring of Gosseliers, Belgium ops
12/19/13 8K re: 3 mo. dealer stats thru 11/13
12/11 8K re: mandatory retirement of David R. Goode, Charles D. Powell & Joshua I. Smith from Board & amendment to by-laws
11/20/13 8K re: supplemental info re: retail sales of machines & power systems
11/1/13 10Q & 10/23/13 2 8Ks re: quarter ended 9/30/13
10/22/13 8K re: retail sales of machinery
10/9/13 8K re: amendment to bylaws re: majority voting for uncontested election of directors
Chevron CVX:
1/9/14 8K re: interim update for 4Q
12/13/13 8K re: election of Jon M. Huntsman, Jr. to Board & amendment to By-laws
11/8/13 10Q & 11/1/13 8K re: 3 Qtr ended 9/30/13
10/9/13 8K re: interim update for 3Q
Cisco CSCO:
12/23/13 8K re: exec pre-arranged stock trading plans
12/4/13 8K re: pre-arranged stock trading plan for EVP & Chief Dev. Officer
11/22/13 10Q re: 1 Qtr ended 10/26/13
11/20/13 8K re: amendment of '05 Stock Incentive Plan
11/13/13 8K re: 1 Qtr results & $15 bil increase in share buyback program
Coke KO:
1/24/14 8K & 12/18/13 8K both re: departure of EVP & Pres. of Coca-Cola Americas Steven A. Cahillane
11/1/13 8K re: completion of public offering of $3.25 bil of notes
10/24/13 8K & 10/24/13 10Q re: qtr ended 9/27/13 & transfer of India & South West Asia units from Eurasia & Africa operating segment to Pacific operating segment
10/15/13 8K re: 3Q results
Disney DIS:
1/24/14 Def. Proxy (& Prelim 12/23/13) re: Annual Shareholders Mtg on 3/18/14 at 10 am Keller Aud., Portland, OR
12/23/13 8K re: election of Jack Dorsey to Board
12/9/13 8K re: Medium-Term Note Program
11/20/13 & 11/7/13 8K re: fiscal year ended 9/28/13
10/8/13 8K re: amendment to bylaws to eliminate paper share certificates
10/2/13 8K re: new employment contract for Alan N. Braverman EVP, GC & Sec'y for annual salary of $1.4 mil
DuPont DD:
11/6/13 8K and 10/25/13 8K re: separation of Performance Chemicals segment
10/22/13 10Q & 10/22/13 8K re: 3 Qtr ended 9/30/13
10/22/13 & 8K re: results for qtr ended 9/30/13
ExxonMobil XOM:
11/5/13 10Q & 10/31/13 8K re: 3 Qtr ended 9/30/13
GE:
1/17/14 8K re: 4Q results
11/15/13 8K re: IPO of 20% of N. American Retail Finance business
11/1/13 10Q re 3 Qtr ended 9/30/13
10/18/13 8K re: 3Qtr results
10/16/13 8K re: exercise by Berkshire Hathaway of warrants for 10.7 mil shares
Goldman Sachs GS:
1/16/14 8K re: 4Q & year end results for 12/31/13.
12/2/13 8K re: approval by regulators of '13 Capital Plan
11/29/13 8K re: $1 bil Flaoting Rate Notes due '23
11/15/13 8K re: $1 bil Floating rate Notes due '18
11/15/13 8K re: Moody's downgrade of Goldman debt
11/7/13 10Q for qtr ended 9/30/13
10/21/13 8K re: retirement of J. Michael Evans as Vice Chair/Head of Growth Markets
10/17/13 8K re: 3Q results
10/1/13 8K re: exercise by Berkshire Hathaway of warrants for 13,062,594 shares
Home Depot HD:
11/27/13 10Q & 11/19/13 8K re: quarter ended 11/3/13
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
Intel INTC:
1/16/14 8K re: results for 4Qtr & fiscal year ended 12/28/13
12/9/13 8K re: amdmt to '07 Annul Pref. Cash Bonus Plan for Exec Officers
11/22/13 8K re: Investor Meeting
10/28/13 10Q re: Qtr ended 9/28/13
10/23/13 8K re: departure of David Perlmutter, EVP & GM, Architecture Group
10/15/13 2 8Ks re: results for qtr ended 9/28/13
IBM:
1/23/14 8K re: sale of x86 server portfolio to Lenovo
1/22/14 8K re: 4Q earnibgs presentation
1/21/14 8K re: fin'l results for period ending 12/31/13
12/13/13 8K re: consulting contract with retiring Mark Loughridge, SVP
11/20/13 8K re: 750 mil Euro issuance of debt securities
11/7/13 8K re: retirement of Mark Laughridge, SVP & CFO, Finance & Enterprise Transformat'n
11/6/13 8K re: 2.5 bil Euro sale of debt securities
11/1/13 8K recommendation against mini-tender offer by third parties
JPMorganChase JPM:
1/24/14 8K re: grant of restricted stock units to CEO Jamie Dimon
1/22/14 8K re: issuance of fixed to floating rate non-cumulative preferred stock
1/14/14 2 8Ks re: 4Q results
1/7/14 8K re: settlement with various regulations relating to Madoff fraud
1/3/14 8K re: election of Michael A. Nead to Board
11/20/13 8K re: settlement by payment of $13 bil to settle with the President's Residential Mortgage Backed Securities (RMBS) Work Group of the Fin'l Fraud Enforcement Task Force
11/18/13 8K re: settlement by payment of $4.5 bil with 21 inst'l investors re: RMBS claims
11/1/13 10Q for quarter ended 9/30/13
Johnson & Johnson JNJ:
1/21/14 8K re: 4Q 7 fiscal year ended 12/29/13 results
1/17/14 8K re: sale to Carlyle Group of Ortho-Clinical Diagnostics unit
12/4/13 8K re: sale of $3.5 bil Floating Rate notes
11/19/13 8K re: settlement of $2.5 Bil for DePuy hip system claims
11/4/13 10Q for Qtr ended 9/29/13
McDonald's MCD:
1/23/14 8K re: 4Q & full year results for period ended 12/31/13
12/9/13 8K re: Nov. sales
11/14/13 8K re: sale of 3 mil shares of Ckommon Stock
11/14/13 8K re: Investor Release re: future growth
11/8/13 8K re: 10/13 sales
10/30/13 10Q for Qtr ended 9/30/13
10/21/13 8K re: 3Q results
Merck MRK:
11/7/13 10Q & 10/28/13 8K re: 3 Qtr ended 9/30/13
10/1/13 8K re: global restructuring program and lay-offs of 8,500 employees
Microsoft MSFT:
1/23/14 10Q & 1/23/14 8K re: 4Q ended 12/31/13
12/6/13 8K re: issuance ofover $5 bil of notes un Euros & US Dollars
11/26/13 8K re: restructuring to a devices & services company
11/20/13 8K re: voting results of '13 Annual Meeting of Sahreholders on 11/19/13
10/24/13 10Q & 10/24/13 8K re: Qtr ended 9/30/13
10/8/13; 10/7/13 & 10/3/13 Proxy Materials re: annual shareholders meeting on 11/19 in Bellevue, Washington
Nike NKE:
1/7/1410Q & 12/23/14 8K & 12/19/13 8K re: 4Q ended 11/30/13
10/7/13 10Q, 9/30/13 8K & 9/26/13 8K re: results for qtr ended 8/31/13
9/24/13 8K re: voting results of annual meeting of shareholders on 9/19/13
Pfizer PFE:
12/28/13 8K re: retirement of M. Anthony Burns from Board
12/19/13 8K re: amdmt of By-laws
12/17/13 8K re: promotion of Albert Bourla to Group VP, Vaccine, ONcology & Consumer Health instead of Amy Schulman who leaves Pfizer (she was GC) & promotion of Susan Silberman to Pres. & GM Global Vaccines
11/8/13 10Q & 10/29/13 8K re: 3 Qtr ended 9/29/13
Procter & Gamble PG:
1/24/14 10Q & 1/24/14 2 8Ks re: results for fiscal year ended 12/31/13
1/14/14 8K re: declaration of quarterly dividend
12/13/13 8K re: amdmt to Code of Regulations
11/5/13 8K re: close of sale of 750 mil Euros 2% Notes due '21
11/4/13 8K close of sale of $2 bil Notes
10/28/13 8K re: reorganizing of Global Business Unit into: Global Beauty, Global Health & Grooming, Blogal Fabric & Home Care, & amp; amp; amp; amp; amp; amp; amp; amp; amp; amp; Global Baby, Feminine & amp; amp; Family Unit
10/25/13 10Q & 2 8Ks re: 1 Qtr ended 9/30/13
10/11/13 8K re: voting results of annual shareholders meeting 10/8/13
10/8/13 8K re: declaration of quarterly dividends
3M MMM:
12/17/13 8K re: declaration of dividend & update of its 5 year plan ('13 - '17)
11/19/13 3 8Ks re: pre-arranged stock trading plans for CEO and other execs
10/31/13 10Q & 10/24/13 8K re: 3 Qtr ended 10/24/13
Travelers TRV:
1/21/14 8K re: 4Q results ended 12/31/13
10/22/13 10Q & 10/22/13 8K re: results for qtr ended 9/30/13
United Technologies UTX:
1/22/14 8K re: 4Q results
12/13/13 8K re: amdmt to B-Laws re: forum to adjudicate certain disputes
10/25/13 10Q & 10/22/13 8K re: 3 Qtr ended 9/30/13
10/22/13 8K re: 3Q results
UnitedHealth Group UNH:
1/16/14 8K re: 4Q & full year results
1/3/14 8K re: presentation at Goldman Scahs Healthcare Conf.
12/2/13 8K re: Annual Investors Conference to be held 12/3 in NYC
11/7/13 10Q re: 3 Qtr ended 9/30/13
10/17/13 8K re: 3Q results
Verizon Communications Inc. VZ:
1/21/14 8K re: 4Q results
12/10/13 8K re: issuance of shares to purchase Vodafone's 45% interest in Verizon Wireless
12/10/13 Proxy re: Special Mtg of Shareholders re: Vodafone 1/28/14 10 am Westin Governor Morris, Morristown, NJ
11/7/13 8K re: election of Shellye Archambeau as Dir.
10/24/13 10Q for Qtr ended 9/30/13
10/17/13 8K re: 3Q results
10/8/13 Proxy; 10/8/13 S-8 & 10/3/13 8K re: approval by shareholders to buy Vodafone's 45% interest in Verizon Wireless, registration of shares to be issued to Vodafone, & $12 bil credit facility to fund the purchase
Visa V:
12/13/13 Proxy re: Annual Mtg of Stockhodlers 1/29/14 8:30 am Crowne Plaza, Foster City, CA
11/25/13 8K re: Gary P. Coughlan not running for re-election to Board
11/22/13 10 K & 10/30/13 8K re: FY 9/30/13
10/23/13 8K re: '14 Annual Meeting of Shareholders to be held 1/29/14
WalMart WMT:
12/10/13 8K re: promotion of David Cheesewright to Pres. & CEO Walmart Int'l
12/6/13 10Q & 11/14/13 8K re: 3 Qtr ended 10/31/13
11/28/13 8K re: repalcement of CEO Mike Duke with C. Douglas McMillon effective 2/1/13
11/22/13 8K re: election of Pamela C. Craig to Board
10/21/13 10Q for quarter ended 7/31/13
10/1/13 8K re: issuance of 1.95% Notes due 2018
THAT'S All.
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