Post No. 2,600 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 a summary of Dow 30 components' recent SEC filings.
The Dow Jones Industrial Average closed Friday at 16065.67 down 43.22 or 0.27% from Thursday's close of 16108.89. For the week the Dow was down 387.05 or 2.35% from last Friday's close of 16,452.72. Of the Dow components 10 gained and 20 declined. The biggest gainer dollar-wise and percentage-wise was Boeing up $1.22 or 1%. The biggest decliner dollar-wise was IBM down $1.69 and percentage-wise was UnitedHealth down 1.7%.
Friday's Dow Jones Industrial Average closing numerator was 2501.68 down 6.73 from Thursday's closing numerator of 2508.41. 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 Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.15571590501117. Friday's trailing P/E ratio is 15.83 down from Thursday's trailing P/E ratio of 16.05 (last year it was 15.99). Friday's P/E estimate is 14.75 unchanged from Thursday's P/E estimate of 14.75 (year ago it was 12.69) and Friday's dividend yield is 2.22 up from Thursday's dividend yield of 2.19 (last year it was 2.45). 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 Friday's Dow Jones Industrial Average was $83.39 down 22 cents from Thursday's average closing price of $83.61. The median closing price of Friday's Dow Jones Industrial Average was $79.18 (PG/HD) up 18 cents from Thursday's median closing price of $79.00 (HD/PG). 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 lost $673 ($250,851 - $250,017).
3/14/14 Fri. 4:30 pm MarketWatch by Anora Mahmudova says Friday’s modest losses for U.S. stocks capped
the worst week since late January for the S&P 500 and Dow Jones
Industrial Average as worries over the looming vote in Crimea weighed on
sentiment.The S&P 500
SPX
-0.28%
ended the day 5.21 points, or 0.3%, lower at 1,841.13, finishing below a
technical level of 1,850 for the second day in a row. The index
recorded a 2% loss over the week. The Dow Jones Industrial Average
DJIA
-0.27%
dropped 43.22 points, or 0.3%, to 16,065.67, falling for the fifth
consecutive day. The blue-chip index is down 2.4% over the week.The Nasdaq Composite
COMP
-0.35%
shed 15.02 points, or 0.4%, to 4,245.40 and the 2.1% decline over the past week was the worst since April 2013.Jitters in the market were most pronounced in the implied volatility as
measured by CBOE Vix index, dubbed Wall Street’s fear gauge. The index
jumped 9.5% to 17.8. “Sentiment is all over the place because of the uncertainty from the
outcome in Crimea over the weekend,” said Colin Cieszynski, senior
market analyst at CMC Markets. “However, markets are using geopolitical
uncertainty as an excuse to go lower as they are overly stretched and
are due for a correction.” Investors shrugged off reports on wholesale prices and consumer sentiment. U.S. wholesale prices fell for the first time in three months,
the Labor Department said Friday. Economists surveyed by MarketWatch
had predicted a 0.2% increase. Consumer sentiment fell to the lowest reading since November. While global markets have been sensitive to the events in Ukraine, U.S.
equities have showed resilience over the past week. Some strategists say
a crisis in Crimea is already priced into the markets, while other
contend that a vote favoring Russia may become a catalyst for selling
that is overdue.
Worries over China’s economy continued to simmer in the background as
well. Bank of America-Merrill Lynch was among several investment banks that cut the outlook for growth there.
It called for 7.3% growth this year, compared with a previous call of
8%. Société Générale said “something barely above 7% looks quite
likely.” Asian markets
had a tough session, as losses for Wall Street pushed investors into the Japanese yen
USDJPY
-0.48%
. The Nikkei 225 index
JP:NIK
-3.30%
slid 3.3%, while the Hang Seng Index
HK:HSI
-.00%
dropped nearly 1%. European stocks dropped for the third straight session.
Among commodities, crude-oil prices
CLJ4
+0.82%
rose, gold
GCJ4
+0.77%
rose and copper prices
HGK4
+0.58%
recovered some lost ground, up 1%. Among individual stocks, Ulta Salon Cosmetics & Fragrance Inc.
ULTA
+0.71%
shares added 6.4% after reporting fourth-quarter earnings late Thursday that squeezed past Wall Street’s estimate. Aéropostale Inc.
ARO
+1.03%
shares dropped 20% as the teen retailer late Thursday reported a wider-than-expected adjusted loss in the fourth quarter. Shares of General Mills Inc.
GIS
+0.21%
fell 2.4% after the company released a fresh outlook for the third
quarter, saying it sees third-quarter adjusted earnings of 61 cents to
62 cents a share.Shares of Liberty Media Corp.
LMCA
+0.56%
gained 7.2% after the company late Thursday said it would drop plans to buy the rest of Sirius XM Holdings Inc.
SIRI
+2.08%
, of which it currently owns 53%. Liberty Media also said it would
reclassify its common stock into two tracking stocks — one called
Liberty Media Group and the other called Liberty Broadband Group — in a
move that is expected to be completed in the third quarter.
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 |
*************************
The following are excerpts from Friday's morning Blog:
A read of the print editions of Friday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal & Constitution and Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Thursday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 16108.89 down 231.19 or 1.41% from Wednesday's close of 16340.08. For the year the Dow is down 2.82%. Of the Dow components all 30 declined. The biggest decliner dollar-wise was Verizon down $5.32 and percentage-wise was Pfizer down 2.69 %.
Thursday's Dow Jones Industrial Average closing numerator was 2508.41 down 36 from Wednesday's closing numerator of 2544.41. 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 "Stocks stumble as global unease sidelines traders" by Chris Dieterich, NYT pB8 "Market plunges on fears over China and Ukraine" by AP say the Dow fell as soft economic data from China & rising tensions in Ukraine triggered the biggest one day drop for US stocks in over six weeks. GE fell 42 cents after said it filed for an IPO for its N. Amer. retail finance biz.
IBD pB2 "Bears rip stock indexes, piling losses in fast trade" by Paul Whitfield says Thursday's action was sharply down in higher volume as the current outlook has been changed to uptrend under pressure.
fT p21 "Wall Street" by Eric Platt says overall US stocks declined as weak Chinese economic data offset improvements in US retail sales.
USAT p2B "Dow suffers 231-point drop" by Kim Hjelmgaard, Adam Shell says hampered by economic & geopolitical risks abroad, stocks erased early gains and ended sharply lower Thurs, the Dow's 4th straight day of losses.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $83.61 down $1.20 from Wednesday's average closing price of $84.81. The median closing price of Thursday's Dow Jones Industrial Average was $79.00 (HD/PG) down $2.38 cents from Wednesday's median closing price of $81.38 (PG/DIS). The lowest volume was Travelers and the highest volume was Pfizer.
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 $3,600 ($254,441 - $250,851).
3/13/14 Thurs. 4:42 pm MarketWatch by Anora Mahmudova says U.S. stocks ended Thursday with the worst declines in more
than five weeks, with the S&P 500 closing below a key technical
level and turning negative year-to-date. Investors flocked to safety,
bidding up Treasurys.Strategists pointed to stretched fundamentals that made the market ready
for an overdue correction. Technology and industrial sector stocks led
the losses on the benchmark while all 30 components of the Dow
industrials finished the day lower.The S&P 500
SPX
-1.17%
closed 21.86 points, or 1.2%, lower at 1,846.34 and erased modest gains for the year. The Dow Jones Industrial Average
DJIA
-1.42%
dropped 231.19 points, or 1.4%, to 16,108.89, falling for the fourth consecutive day.The Nasdaq Composite
COMP
-1.46%
shed 62.91 points, or 1.5%, at 4,260.42.As selling of stocks intensified, traders sought safe havens. Gold
GCJ4
+0.15%
priced nudged up, while Treasurys rallied. The yield on the 10-year note
10_YEAR
-3.22%
dropped 8 basis points to 2.65% as investors bought up government
debt.Uri Landesman, president at Platinum Partners, says fund managers
had
been expecting a correction even as market have been resilient up to
this point.“At these levels markets cannot tolerate any bad news.
Fundamentals have
been so stretched that we think we will have a significant correction
by the end of this month,” Landesman said.“We are watching at what level
the S&P 500 closes today, if it goes
below 1,850 it might turn into the beginning of the correction,” he
added.Earlier, a pair of better-than-expected economic reports, which
showed a surprise drop in a number of people claiming unemployment benefits and an uptick in retail sales in
February supported stocks. Then gains quickly turned into losses.In the
absence of major economic news, investors will focus on the Fed’s
policy-setting meeting, scheduled for March 18-19, at which the central
bank is expected to keep up the pace of monetary stimulus
reduction.Investors are keeping an eye on a vote in Crimea this weekend
when
citizens will decide whether to stay with Ukraine or join Russia. Asian markets
were mixed, with the Nikkei 225 index
JP:NIK
-0.10%
ending slightly lower, and the Hang Seng Index
HK:HSI
-0.67%
falling 0.7% after data showed China’s industrial production slowed in
the January-February period, while retail sales in January eased.
The Shanghai Composite
CN:SHCOMP
+1.07%
rose 1%. Some attributed this to comments by Chinese Premier Li
Keqiang, who said he was confident the Chinese economy would meet its
7.5% growth goal for this year.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: WSJ pB6 "AT&T deal for Leap Wireless gains approval by FCC" by Gautham Nagesh says the FCC approved AT&T's $1 bil purchase of Leap Wireless Thurs after AT&T said it would divest spectrum, update Leap's network and preserve some rate plans.
American Express: No mentions found.
Boeing: WSJ pA1 "Mising flight left data trail" by Andy Pasztor, Jon Ostrower, Julian E. Barnes says there were intermittent data pings to satellites from the missing Malaysia Air Boeing 777 carrying 239 people.
IBD pA2 "Boeing, INdia jet deal in works" says India's Jet Airways is in talks to buy 737 Max jets in a $5 bil deal.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pB1 "DreamWorks Studio needs new script" by Ben Fritz says on Friday DreamWorks and its distribution partner, Disney, will release Need for Speed a $66 mil adaptation of a videogame series.
WSJ pB1"For Jimmy Fallon, a splash start" by Merissa Marr says At Fallon's 2nd week, he is above Jay Leno's 4 mil viewers & Letterman on CBS and Kimmel on Disney's ABC at 2.76 mil and 2.74 mil respectively.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs, NYT pB6 "GE files to spin off retail finance unit" by Michael J. de la Merced, FT p12 "GE/Synchrony,AJC pA10 "GE plans IPO for finance spinoff", IBD pA1 "GE spinnning off finance unit"
say GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
WSJ pC1 "Stocks stumble as global unease sidelines traders" by Chris Dieterich says the Dow fell as soft economic data from China & rising tensions in Ukraine triggered the biggest one day drop for US stocks in over six weeks. GE fell 42 cents after said it filed for an IPO for its N. Amer. retail finance biz.
Goldman Sachs: No mentions found.
Home Depot: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
McDonald's: WSJ pB3 "McDonald's to investigate alleged wage infractions" by Julie Jargon
IBD pB9 "McDonald's pays tasty dividends" by Nancy Gondo, IBD pA2 "McDonald's", NYT pB8 "McDonald's workers file wage suits in 3 states" by Steven Greenhouse say McDonald's said it would probe claims that it underpaid some US staff and deducted expenses that left them below state or fed minimum wage levels.
Merck: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Microsoft: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
USAT p4B "Even in its final days, Windows XP still looms large" by Brendan Nystedt says Microsoft after 4/8 will no longer provide security updates, non-security hotfixes, or any assisted support options for Windows XP.
Nike: No mentions found.
Pfizer: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Procter & Gamble: No mentions found.
3M: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: No mentions found.
Visa: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs says GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
Walmart: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs says GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: WSJ pB6 "AT&T deal for Leap Wireless gains approval by FCC" by Gautham Nagesh says the FCC approved AT&T's $1 bil purchase of Leap Wireless Thurs after AT&T said it would divest spectrum, update Leap's network and preserve some rate plans.
American Express: No mentions found.
Boeing: WSJ pA1 "Mising flight left data trail" by Andy Pasztor, Jon Ostrower, Julian E. Barnes says there were intermittent data pings to satellites from the missing Malaysia Air Boeing 777 carrying 239 people.
IBD pA2 "Boeing, INdia jet deal in works" says India's Jet Airways is in talks to buy 737 Max jets in a $5 bil deal.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pB1 "DreamWorks Studio needs new script" by Ben Fritz says on Friday DreamWorks and its distribution partner, Disney, will release Need for Speed a $66 mil adaptation of a videogame series.
WSJ pB1"For Jimmy Fallon, a splash start" by Merissa Marr says At Fallon's 2nd week, he is above Jay Leno's 4 mil viewers & Letterman on CBS and Kimmel on Disney's ABC at 2.76 mil and 2.74 mil respectively.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs, NYT pB6 "GE files to spin off retail finance unit" by Michael J. de la Merced, FT p12 "GE/Synchrony,AJC pA10 "GE plans IPO for finance spinoff", IBD pA1 "GE spinnning off finance unit"
say GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
WSJ pC1 "Stocks stumble as global unease sidelines traders" by Chris Dieterich says the Dow fell as soft economic data from China & rising tensions in Ukraine triggered the biggest one day drop for US stocks in over six weeks. GE fell 42 cents after said it filed for an IPO for its N. Amer. retail finance biz.
Goldman Sachs: No mentions found.
Home Depot: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
McDonald's: WSJ pB3 "McDonald's to investigate alleged wage infractions" by Julie Jargon
IBD pB9 "McDonald's pays tasty dividends" by Nancy Gondo, IBD pA2 "McDonald's", NYT pB8 "McDonald's workers file wage suits in 3 states" by Steven Greenhouse say McDonald's said it would probe claims that it underpaid some US staff and deducted expenses that left them below state or fed minimum wage levels.
Merck: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Microsoft: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
USAT p4B "Even in its final days, Windows XP still looms large" by Brendan Nystedt says Microsoft after 4/8 will no longer provide security updates, non-security hotfixes, or any assisted support options for Windows XP.
Nike: No mentions found.
Pfizer: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Procter & Gamble: No mentions found.
3M: IBD pB3 "New dividend screens focus on steady, growing payouts" by Juan Carlos Arancibia lists the Dividend Leaders for the IBD table and includes Pfizer with a yield of 3.3, Merck at 3.1, Microsoft 2.9, Johnson & Johnson at 2.8, & 3M at 2.6%. Home Depot is on the screen but no yield is mentioned.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: No mentions found.
Visa: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs says GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
Walmart: WSJ pC1 "GE plans credit card IPO as plasatic gets popular" by Andrew R. Johnson, Ted Mann, Alexandra Scaggs says GE will sell part of its credit card unit in an IPO. Synchrony Financial is the largest US issuer of credit cards in the names of retailers and other partners such as Walmart, Lowe's & JC Penney and Synchrony could have a value of $20 bil. Private label credit cards don't have logos such as Visa or Mastercard.
Thursday'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) (to be succeeded by Satya Nadella)
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 & amp; amp; amp; amp; amp; 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 & amp; amp; amp; amp; amp; Consumer Health instead of Amy Schulman who leaves Pfizer (she was GC) & promotion of Susan Silberman to Pres. & amp; 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; 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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