Post No. 2,512 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 ranking of the Dow 30 components by market capitalization as of Dec. 9, 2013 and a summary of Dow 30 components' SEC filings as of Dec. 9, 2013.
The Dow Jones Industrial Average closed Monday at 16425.10 down 44.89 or 0.27% from Friday's close of 16469.99. Of the Dow components 11 gained and 19 declined. The biggest gainer dollar-wise and percentage-wise was Goldman Sachs up $1.22 or 0.68%. The biggest decliner dollar-wise was Visa down $1.33 and percentage-wise was Microsoft down 2.11 %.
Monday's Dow Jones Industrial Average closing numerator was 2557.65 down 6.99 from Friday's closing numerator of 2564.64. 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 16.96 unchanged from Friday's trailing P/E of 16.96 (last year it was 14.92). Monday's P/E estimate is 15.25 unchanged from Friday's closing P/E estimate of 15.25 (year ago it was 12.22) and Monday's dividend yield is 2.07 up from Thursday's closing dividend yield of 2.31 (last year it was 2.64). 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 $85.25 down 24 cents from Friday's average closing price of $85.49. The median closing price of Monday's Dow Jones Industrial Average was $79.66 (WMT/HD) down 61 cents from Friday's median closing price of $80.27. (WMT/HD). The lowest volume was Travelers 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 $699 ( $256,464 - 255,765).
MarketWatch 1/6/14 Mon. 4:24 pm by Anora Mahmudova says U.S. stocks closed lower on Monday, with the S&P 500 index falling for a third consecutive session after weaker-than-expected services-sector data.
The Dow Jones Industrial Average DJIA -0.27% fell 44.89 points, or 0.3%, to 16,425.10.
The S&P 500 SPX -0.25% dropped 4.60 points, or 0.3%, to 1,826.77, and the Nasdaq CompositeCOMP -0.44% lost 18.23 points, or 0.4%, to 4,113.68. For both indexes, it was the third straight day of losses. “After the superb gains in 2013, a modest pullback in the S&P 500 is both warranted and understandable,” said Terry Sandven, senior equity strategist at U.S. Bank Wealth Management. “If there is a pullback, it is likely to get to the 50-day moving-average level, which is a 2% or 2.5% drop from current levels, before we see buyers move back in,” Sandven said.
“However, we think the environment is favorable for equities in 2014, as the economy continues to improve, valuations are not extreme and inflation, which is the key driver, is benign,” he added.
The Institute for Supply Management said Monday its services index for December decelerated to 53% from 53.9% in November. While the number still indicates expansion, it lagged the 55% expected by economists polled by MarketWatch. In a separate report, orders for goods produced in U.S. factories jumped 1.8% in November, beating expectations of a 1.6% rise. The increase, led by orders for durable goods, suggests the manufacturing sector enjoyed stronger growth than the services side of the economy toward the end of last year.
Last week, the ISM manufacturing data showed that the increase in new orders last month was the largest in more than two-and-a-half years, while manufacturing employment accelerated.
The overall improving economy, along with the falling unemployment rate and an improving housing market, has prompted the Federal Reserve to begin tapering its monthly asset-buying program by $10 billion to $75 billion a month. The U.S. Senate is expected to confirm Janet Yellen, currently the Fed’s vice chair, as the new Fed chief in a vote on Monday.
In corporate news:
- Boeing Co. BA +0.18% rose 0.6% to close at $138.41. Late Friday, Boeing’s largest union voted to accept a new contract that will keep manufacturing for the planned 777X and its wings in Washington state. Analysts at Bernstein Research reiterated the stock’s outperform rating and raised the target price to $165 from $156, noting that under the terms of the new agreement there will be no strikes for the next ten years.
- Shares in SolarCity Corp SCTY -0.33% soared 7.2% after analysts at Goldman Sachs upgraded the stock to buy. The analysts also downgraded First Solar Inc. FSLR -0.12% from buy to sell, sending the shares down 9.7%. The sliding of the stock the restrictions for short sales at 10:48 a.m., according to an alert sent out by Nasdaq OMX.
- Twitter Inc. TWTR +0.18% shares dropped 3.9% after Morgan Stanley cut the social media company to underweight from equalweight, with a price target of $33. “As competition for online ad dollars intensifies, we guide investors to Google and Facebook, dominant platforms with more attractive risk/reward,” analyst Scott Devitt wrote.
- Sirius XM Holdings Inc. SIRI +0.26% shares soared late on Friday and rose 7.3% on Monday after Liberty Media LMCA -0.01% offered to buy the satellite radio company in a stock swap that would value the company at $3.68 a share. Liberty already holds a 52% stake in Sirius.
- Shares in Apple Inc.AAPL +0.01% recovered from earlier losses and closed 0.6% higher, after losing 2.2% on Friday in the wake of a rating downgrade.
- The battle among men’s clothing retailers continued Monday, as Men’s Wearhouse Inc. MW +0.06% said it began a cash tender offer worth roughly $1.6 billion, in which it would buy Jos. A. Bank Clothiers Inc. JOSB +4.52% shares from current holders at $57.50 a piece. The two clothiers have been exchanging buyout offers for months. Jos. A. Bank shares rose 4.5% and Men’s Wearhouse ended up 2.2%.
- Asian stocks ended lower after a rising yen hit Japanese equities and concerns over new listings weighed on Chinese stocks. Europe stocks also closed lower.
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
NYSEGE
NYSE GS
NYSE HD
NYSE INTC
NASDAQ-GSIBM
NYSE JPM
NYSE JNJ
NYSE MCD
NYSE MRK
NYSE MSFT
NASDAQ-GSNKE
NYSE PFE
NYSE PG
NYSEMMM
NYSE TRV
NYSEUTX
NYSEUNH
NYSE VZ
DualListed V
NYSE 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,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 16469.99 up 28.64 or 0.17% from Thursday's close of 16441.35. For the week the Dow was down 8.42 or 0.05% from last Friday's close of 16478.41. For the year the Dow is down 0.6%. Of the Dow components 15 gained and 15 declined. The biggest gainer dollar-wise was Goldman Sachs up $1.29 and percentage-wise was Johnson & Johnson up 0.93%. The biggest decliner dollar-wise and percentage-wise was Verizon down 58 cents or 1.18%.
Friday's Dow Jones Industrial Average closing numerator was 25664.64 up 4.46 from Thursday's closing numerator of 2560.18. 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 "Stocks do repair work, but end day on weak note" by Paul Whitfield says stocks grabbed small gains Fri reversed lower and suffered a late sell off as Friday's action was mixed in lwoer vol & the current outlook is a confirmed uptrend.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $85.49 up 15 cents from Thursday's average closing price of $85.34. The median closing price of Friday's Dow Jones Industrial Average was $80.27 (WMT/HD) down 20 cents from Thursday's median closing price of $80.47. (WMT/HD). The lowest volume was Travelers and the highest volume was Cisco.
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 $446 ( $256,464 - $256,018).
MarketWatch 1/3/14 Fri. 4:37 pm by Anora Mahmudova says U.S. stocks ended a choppy trading session mostly lower on Friday after Federal Reserve Chairman Ben Bernanke defended the extraordinary measures undertaken by the central bank to boost the economic recovery.
The S&P 500 SPX -0.03% slipped less than a point to end at 1,831.37, leaving it down 0.5% for the week.
The Dow Jones Industrial Average DJIA +0.17% closed up 28.64 points, or 0.2%, at 16,469.99, but finished the week marginally lower.
The tech-heavy Nasdaq CompositeCOMP -0.27% shed 11.16 points, or 0.3%, to 4,131.91 on Friday and lost 0.6% for the week.
Volumes on Wall Street were thin, with many traders still on vacation. Also, a major storm in the Northeast hampered travel and states of emergency were declared in New York and New Jersey.
“Next week volumes will rise as market participants will be back to work and investors will be reallocating portfolios for 2014,” said Channing Smith, managing director at Capital Advisors.
U.S. stocks perked up briefly in the afternoon after the Fed Chairman Bernanke spoke at the American Economics Association conference. He defended Fed policy, including its asset-buying program.
Last month, the Fed said it would reduce its monthly asset purchases by $10 billion to $75 billion, but stressed it was committed to low interest rates until further declines in the unemployment rate. Critics of the bond-buying program see the Fed’s $4 trillion balance sheet as a potential future cause of inflation, while proponents worry the withdrawal of monetary stimulus will hamper the economic recovery.
During the session, markets reacted negatively to comments by Philadelphia Fed President Charles Plosser, who said the central bank may have to be “aggressive” in raising interest rates. Plosser is known for his hawkish views and becomes a voting Federal Open Market Committee member this year.
Privately owned Chrysler Group LLC reported a 5.7% increase in sales last month to 161,007 units, missing analysts’ expectations.
General Motors Co.GM +0.18% shares dropped 3.4% after the car maker reported a decline in U.S. vehicle sales for December to 230,157 units, down 6.3% from a year ago, while analysts expected a rise of 0.8%.
FireEye Inc. FEYE +0.40% shares surged nearly 39%. The computer-security firm on Thursday said it acquired Mandiant Corp., a company known for its report linking cyberattacks on U.S. companies to the Chinese military that was published in early 2013, in a deal worth about $1 billion.
Delta Air Lines Inc. DAL +0.24% climbed 5.5% after the firm said its passenger unit revenue was up 10% in December.
Rite Aid Corp. RAD -0.37% advanced 8.5% after the drugstore chain said same-store sales increased 2.9% in December over the same period a year ago, due to growth in its pharmacy division.
Shares of Twitter Inc.TWTR +2.22% rose 2.2%.
Sprint Corp. S -0.40% shares fell 4.4%. They declined 3.3% on Thursday after a downgrade from Cowen & Co. to a market perform rating from outperform, even as the firm raised its price target on Sprint to $8.25 from $7.50.
Owens Illinois Inc. OI -1.89% fell 1.9%. Analysts at Bank of America Merrill Lynch reportedly downgraded the glass company to neutral from buy , according to the Analyst Ratings Network.
Monday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
American Express: No mentions found.
Boeing: WSJ pB3 "New Boeing pact wins cost controls" by Jon Ostrower, WSJ pA12 "Boeing workers unite" applaud Boeing Machinists Union for approving a new contract.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Barron's pM3 "The Trader" by Vito J. Racanelli says Boeing was the top Dow performer for '13 up 81% while IBM was the only loser in '13 down 2%.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: WSJ pB1 "Internet of things in reach" by Don Clark, IBD pA7 "Trending in '14 tech: machines on net, price wars in cloud" by Patrick Seitz says long time leaders Oracle, HP, Microsoft, Cisco and IBM will struggle for relevance. Google & Microsoft are going to compete aggressively with Amazon Web Services for market shares. Intel, Qualcomm and Cisco are big backs of the Internet of Things trend as opposed to an Internet of people as electric meters, sensors, surveillance cameras, cars and other devices will be connected to the Internet and automatically do things.
Coke: No mentions found.
Disney: wSJ pB4 "Est. box office figures" places Disney's Frozen at No. 1 for the weekend with $20.7 mil of weekend sales and a cumulative gross of $297.8 mil.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Barron's pM13 "Research reports" edited by Paul Farrell says Guggenheim did a areport on Disney as a Buy due to Disney's brand value and long term growth potential.
DuPont: No mentions found.
Exxon: No mentions found.
GE: IBD pA2 "GE" says GE was downgraded to perform from outperform by Oppenheimer as earning sare expected to rise only in the mid single digit % over the next 2 years.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Goldman Sachs: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Home Depot: No mentions found.
Intel: IBD pA7 "Trending in '14 tech: macinges on net, price wars in cloud" by Patrick seitz says long time eladers Oracle, HP, Microsoft, Cisco and IBM will struggle for relevance. Google & Microsoft are going to compete aggressively with Amazon Web Services for market shares. Intel, Qualcomm and Cisco are big backs of the Internet of Things trend as opposed to an Internet of people as electric meters, sensors, surveillance cameras, cars and other devices will be connected to the Internet and automatically do things.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Barron's pM13 "Research reports" edited by Paul Farrell says Maxim did a report on Intel as a Buy saying it expects Intel to report rev at the upper end of the guidance range.
Barron's pM3 "The Trader" by Vito J. Racanelli says Boeing was the top Dow performer for '13 up 81% while IBM was the only loser in '13 down 2%.
IBM: IBD pA7 "Trending in '14 tech: machines on net, price wars in cloud" by Patrick seitz says long time leaders Oracle, HP, Microsoft, Cisco and IBM will struggle for relevance. Google & Microsoft are going to compete aggressively with Amazon Web Services for market shares. Intel, Qualcomm and Cisco are big backs of the Internet of Things trend as opposed to an Internet of people as electric meters, sensors, surveillance cameras, cars and other devices will be connected to the Internet and automatically do things.
JPMorgan: NYT pB1 "JPMorgan ners deal in case tied to Madoff" by Jessica Silver-Greenberg, Ben Protess says JPMorgan will pay $2 bil in criminal & civil settlements with fed authorities who suspect it ignored signs of Madoff's scheme.
Johnson & Johnson: No mentions found.
McDonald's: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Merck: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Microsoft: IBD pA7 "Trending in '14 tech: macinges on net, price wars in cloud" by Patrick seitz says long time eladers Oracle, HP, Microsoft, Cisco and IBM will struggle for relevance. Google & Microsoft are going to compete aggressively with Amazon Web Services for market shares. Intel, Qualcomm and Cisco are big backs of the Internet of Things trend as opposed to an Internet of people as electric meters, sensors, surveillance cameras, cars and other devices will be connected to the Internet and automatically do things.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Nike: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
3M: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfrizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Procter & Gaamble: No mentions found.
Pfizer: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Travelers: No mentions found.
United Technologies: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
UnitedHealthcare: No mentions found.
Verizon: WSJ pB3 "AT&T goes after T-Mobile" by Ryan Knutson, Everdeen Mason, WSJ pB14 "No fortune of war in wireless" by Miriam Gottfried say AT&T will pay T-Mobile US customers up to $450 to switch services. A price war could cause Verizon to react.
Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Visa: Barron's p32 "Stellar year for payouts" by Shirley A. Lazor says 14 Dow firms enhanced their payouts during 2013: AT&T, Boeing, Disney, GE, Goldman Sachs, McDonald's, Merck, Microsoft, 3M, Nike, Pfizer, United Technologies, Verizon & Visa. Intel was the only industrial that did not sweeten its '13 dividend.
Walmart: No mentions found.
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 (to be replaced on Feb. 2014 by Doug McMillon) (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 12/9/13 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $418.68
2. Microsoft MSFT 323.10
3. GE 275.09
4. Johnson & Johnson JNJ 266.45
5. WalMart WMT 260.40
6. Chevron CVX 237.20
7. Procter & Gamble PG 230.45
8 .JPMorgan Chase JPM 212.40
9. Pfizer PFE 204.67
10. IBM 192.70
11. AT&T T 182.75
12. Coke KO 178.40
13. Merck MRK 144.81
14. Verizon VZ 141.86
15. Visa V 128.62
16. Disney DIS 124.96
17. Intel INTC 123.93
18. Cisco CSCO 113.46
19. Home Depot HD 112.08
20.United Technologies UTX 102.02
21. Boeing BA 101.21
22. McDonald's MCD 95.24
23. American Express AXP 92.10
24. 3M MMM 86.56
25. Goldman Sachs GS 76.88
26. UnitedHealth UNH 74.22
27.Nike NKE 70.97
28. DuPont DD 56.85
29. Caterpillar CAT 54.78
30. Travelers TRV 32.20
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/9/13:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 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
10/21/13 8K re: contract to sell/lease 9,700 towers to Crown Castle Int'l for $4.85 bil
9/27/13 8K re: increase of # of directors from 13 to 14 & election of Beth E. Mooney to Board
9/10/13 8K re: purchase of spectrum from Verizon
American Express AXP: 11/15/13 8K re: delinq. & write-off stats for each of the 3 months ended 10/31/13
10/29/13 10Q re: qtr ended 9/30/13
10/16/13 8K re: 3Q results
10/15/13 8K re: delinq. & write-off stats for qtr ended 9/30/13
9/25/13 8K re: creation of a jv with Certares for business travel unit
9/16/13 8K re: delinq. & write off stats for 3 months ended 8/31/13
Boeing BA: 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: 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
9/30/13 8K re: price increases
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
Chevron CVX: 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: 12/4/13 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
9/30/13 Proxy Materials re: annual shareholder meeting 11/19 at Cisco in San Jose, CA
9/10/13 10K for fiscal year ended 7/27/13
Coke KO: 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: 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: sepration 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
9/3/13 8K re: election of Patrick J. Ward to Board of Dires.
ExxonMobil XOM: 11/5/13 10Q & 10/31/13 8K re: 3 Qtr ended 9/30/13
GE: 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
9/13/13 8K re: election of James E. Rohr to Board of Dires.
Goldman Sachs GS: 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: 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: 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
10/29/13 10Q Qtr ended 9/30/13
10/17/13 8K & 10/16/13 8K re: results for 3Q ended 9/30/13
9/10/13 8K re: sale of outsourcing services business to SYNNEX
JPMorganChase JPM: 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
10/25/13 8K re: $5.1 Bil settlement with FHFA re: MBS
10/23/13 8K re: closing of public offering of $500 mil 5.62% sub. notes due '43
10/16/13 8K re: settlement w/CFTC by payment of $100 mil fine
10/11/13 8K re: sale of Sr. Medium Term Notes of an indeterminate amount
10/14/13 & 10/11/13 8Ks re: 3Q results
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
Johnson & Johnson JNJ: 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
10/15/13 8K re: election of ex0FDA Commissioner Mark B. McClellan as director
10/15/13 8K re: 3Q results ended 9/29/13
McDonald's MCD: 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
9/18/13 8K re: declaration of quarterly dividend
9/10/13 8K re: Aug. '13 sales
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: 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
9/26/13 8K re: adoption of Senior Exec. Severance Benefit Plan
9/26/13 8K re: realignment to become a devices & services company
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
Nike NKE: 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: 11/8/13 10Q & 10/29/13 8K re: 3 Qtr ended 9/29/13
9/30/13 8K re: election of Shantanu Narayen, Pres. & CEO of Adobe Systems to Board of Directors
Procter & Gamble PG: 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; Global Baby, Feminine & 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
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
3M MMM: 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: 10/22/13 10Q & 10/22/13 8K re: results for qtr ended 9/30/13
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
United Technologies UTX: 10/25/13 10Q & 10/22/13 8K re: 3 Qtr ended 9/30/13
10/22/13 8K re: 3Q results
9/26/13 8K re: formation of UTC Building & Industrial Services by combining Otis Elevator & UTC Climate, Controls & Security to be headed by Geraud Darnis as Pres/CEO
9/6/13 8K re: new Pres. at Pratt & Whitney: Paul Adams succeeds David Hess
UnitedHealth Group UNH: 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
9/9/13 8K re: investor presentation at Morgan Stanley Global Health Care conf.
Verizon Communications Inc. VZ: 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
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
Visa V: 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
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
WalMart WMT: 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
END/END
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