Post No. 2,634 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.
A read of the print editions of Monday's Barron's, Investor's Business Daily, all St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal & 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 16026.75 down 143.47 or 0.89% from Thursday's close of 16170.22. For the week the Dow was down 385.96 or 2.35% from last Friday's close of 16412.71. For the year the Dow is down 3.3%. Of the Dow components 5 gained and 25 declined. The biggest gainer dollar-wise was Chevron up 34 cents and percentage-wise was Travelers up 0.36% . The biggest decliner dollar-wise was Visa down $4.29 and percentage-wise was JPMorgan down 3.66%.
IBD pB8 "Stocks fall in mixed trade; indexes close near lows" by Paul Whitfield says stocks stumbled again Friday ending low in the day's range as Friday's action was down in mixed volume and the current outlook is the market is in correction.
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 15.7 down from Friday's opening trailing P/E ratio of 15.91 (last year it was 16.28). Monday's P/E estimate is 14.53 down from Friday's opening estimate of 14.74 (year ago it was 1315) and Monday's dividend yield is 2.22 up from Friday's opening dividend yield of 2.20 (last year it was 2.40). 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.
Friday's Dow Jones Industrial Average closing numerator was 2495.62 down 22.34 from Friday's closing numerator of 2517.96. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $83.19 down 74 cents from Thursday's average closing price of $83.93. The median closing price of Friday's Dow Jones Industrial Average was $77.98 (UNH/DIS). The lowest volume was Travelers and the highest volume was JPMorgan.
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 $2,234 ($251,796 - $249, 562 - ).
4/11/14 Fri. 5:45 pm MarketWatch by Victor Reklaitis says the stock market is looking vulnerable after an extended selloff in tech Friday sent the Nasdaq below 4,000 and wiped 1% off the other main indexes.
U .S. stocks built on sharp losses from a day earlier and were hurt by a disappointing earnings report from J.P. Morgan Chase & Co.
The S&P 500 SPX -0.95% has retreated in a hurry from its April 2 record close, finishing 4% below that level Friday and under a key chart level, its 50-day moving average.
The benchmark slid 17.39 points, or 1%, to close at 1,815.69, and it lost 2.7% for the week. The Dow Jones Industrial Average DJIA -0.89% shed 143.47 points, or 0.9%, to finish at 16,026.75. The blue-chip index slumped 2.4% for the week, snapping its streak of three up weeks in a row.
The Nasdaq Composite COMP -1.34% slid 54.37 points, or 1.3%, to 3,999.73, closing under 4,000 for the first time since Feb. 3. The tech-heavy index fell 3.1% for the week, with its biggest daily loss coming on Thursday, when traders went after biotech and other high-growth stocks with a vengeance. The Nasdaq endured its worst weekly percentage drop since June 2012, and it has fallen for three weeks in a row.
Shares in J.P. Morgan JPM -3.66% lost 3.7% on Friday after the banking giant reported first-quarter earnings below market expectations, making it the worst performer among Dow components. Meanwhile, Wells Fargo WFC +0.78% rose 0.8% after its quarterly profit beat forecasts.
In U.S. economic news, the Labor Department said the producer-price index gained 0.5% in March, topping the 0.1% increase seen by economists polled by MarketWatch. The Federal Reserve wants inflation to rise, but the central bank hasn’t had much success in nudging it higher , so officials likely welcomed Friday’s news on wholesale prices.
A consumer sentiment gauge rose to a preliminary April reading of 82.6, topping expectations. Economists polled by MarketWatch had expected a preliminary April level of 80.8 for the sentiment index from the University of Michigan and Thomson Reuters.
Some market watchers see further pain for stock investors, but others have stayed bullish. The sharp slide that started in so-called momentum stocks has many talking about a shift in leadership to value from growth now that the current bull market is more than five years old.
“While the market is roughly flat for the year, the recent leadership rotation is causing understandable angst for many investors,” said Jonathan Golub, chief U.S. market strategist at RBC Capital Markets, in emailed comments early Friday. “We remain comfortable with our 2,075 S&P 500 target and cyclical sector bias including overweights in Financials, Industrials, Discretionary and Health Care.”
Golub argued that fundamentally, not much has changed.
“We would be more apt to change this outlook if we saw signs of either fundamental deterioration in the economy or indications that Fed policy was negatively impacting markets,” he said in his note. “Neither of these conditions are present, in our view.”
Monday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
American Express: WSJ pC2 "The ticker" says on Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 American express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Boeing: Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Caterpillar: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Chevron: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Cisco: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Coke: WSJ pC2 "The ticker" says on Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
IBD pB15 "Firm finds way past soda hurdle" by Vincent Mao says even though soda consumption continues to fizzle, Coke affiliate Coca-Cola Enterprises is still showing some pockets of strength.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 American express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Disney: WSJ pB4 "Captain America retains No. 1 spot" by Erich Schwartzel says Disney's film made $41.4 mil in its 2nd weekend.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 American express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
DuPont: FT p22 "Corporate Diary" says on Thursday DuPont and Goldman Sachs report earnings.
Exxon: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
GE: WSJ pC2 "The ticker" says on Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 Amer8ican express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Goldman Sachs: FT p22 "Corporate Diary" says on Thursday DuPont and Goldman Sachs report earnings.
Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Disco, Exxon and JPMorgan.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 American express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Home Depot: Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
Intel: WSJ pC2 "The ticker" says o Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
IBM: Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 Amer8ican express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
JPMorgan: Barron's p10 "Week review" says JPMorgan bummed out investors with disappointing earnings. The 8 largest US banks including JPMorgan and Goldman Sachs will add as much as $68 bil in extra capital under new rules.
Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
Johnson & Johnson: WSJ pC2 "The ticker" says o Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
McDonald's: No mentions found.
Merck: FT p18 "Trial data spur race for hepatitis C treatments" by Andrew Ward, IBD pB2 "Hep-C drug rivalry heats up" say Merck reported a 98% cure rate in phase 2 trials of its drug combo to treat the most common gentotype of hepatitis C and could bite into Gilead's Sovaldi.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q
Microsoft: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
Nike: Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
Pfizer: Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
Procter & Gamble: No mentions found.
3M: Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
Travelers: Barron's p14 "The highfliers are still too high" by Andrew Bary says the Dow has been hurt this year because the Dow's 2 biggest percentage losers this year, Visa and Goldman Sachs are 2 of the 3 highest priced issues. The Dow trades for a more reasonable 13 times estimated '14 profits with 4 components JPMorgan, Goldman, Travelers and IBM carrying forward pe ratios of 10 or less. Barron's highlighted some stocks in Nov and JPMorgan and Cisco are listed as those who still look appealing. In tech old line firms like Microsoft, Cisco and Intel have held up well as the highfliers have come down. Many highflying stocks are down since Nov while there is a list of reasonably priced stocks that are higher that includes Dow components: AT&T, Caterpillar, Chevron, Cisco, Exxon and JPMorgan.
United Technologies: No mentions found.
UnitedHealth: WSJ pC2 "The ticker" says o Tues Coke, Intel & Johnson & Johnson report earnings and on Wed so does American Express and IBM and on Thursday GE and United Health report.
Barron's p11 "Week preview says on Tuesday 4/15 Coca-Cola and Johnson & Johnson will report earnings; on Wed. 4/16 American express and IBM announce results, and on Thursday 4/17 Disney meets with investors, and GE, Goldman Sachs and UnitedHealth Group report quarterly results.
Verizon: No mentions found.
Visa: No mentions found.
Walmart: WSJ pA1 "Walmart fights back in China" by Laurie Burkitt, Shelly Banjo says Walmart has been fined $9.8 mil by Chinese authorities the past 3 years but now it is fighting back claiming they are being discriminated against as a foreign company.
Barron's p34 "Speaking of dividends - P&G extends sweetening streak" by Shirley A. Lazo says Procter & Gamble sweetened its dividend last Monday for the 58th straight year. Home Depot was the only Dow firm to raise and pay between Jan and March. American Express sweetened its quarterly div in March but did not set dates while Cisco, Coca-Cola and Walmart voted hikes but with 2Q pay dates. JPMorgan's March boost will be paid in 2Q. AT&T, Boeing, Disney, GE, Merck, 3M, Nike and Pfizer all disbursed higher 1Q dividends that were voted in the 4Q.
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 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 Doug McMillon (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 3/9/14 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $409.31
2. Microsoft MSFT 325.76
3. Johnson & Johnson JNJ 266.23
4. GE 255.84
5. WalMart WMT 243.21
6. Chevron CVX 222.80
7. JPMorgan Chase JPM 218.39
8. Procter & Gamble PG 216.34
9. Pfizer PFE 203.81
10. Verizon VZ 194.10
11. IBM 193.56
12.AT&T T 172.38
13. Coke KO 169.56
14. Merck MRK 166.83
15. Visa V 143.15
16. Disney DIS 142.71
17. Intel INTC 124.03
18. Cisco CSCO 111.42
19. Home Depot HD 110.84
20.United Technologies UTX 105.02
21. American Express AXP 96.73
22. McDonald's MCD 96.10
23. Boeing BA 92.72
24. 3M MMM 87.91
25. Goldman Sachs GS 78.56
26. UnitedHealth UNH 78.49
27.Nike NKE 70.76
28. DuPont DD 62.08
29. Caterpillar CAT 61.52
30. Travelers TRV 29.61
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/19/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T:
3/14/14 8K re: issuance of Notes to purchase LEAP
3/11/14 Proxy re Annual Meeting of Stockholders, 4/25/14 9 am, Rivermill Event Centre, Columbus, GA
3/10/14 8K re: issuance of Global Notes
2/21/14 10K for year ended 12/31/13
1/29/14 & 1/28/14 8Ks re: 4Q earnings release
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 accelerations
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
American Express AXP:
3/17/14 8K re: jv agreement with Certares re: Global Business Travel Division
3/17/14 8K re: delinq. & write-off stats for 3 months ended 2/28/14
2/25/14 10K for year ended 12/31/13
2/18/14 8K re: delinq. & write-off stats for 3 months ended 1/31/14
1/16/14 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
Boeing BA:
3/14/14 Proxy for Annual Meeting of Shareholders 4/28/14 10:00 am, Field Museum, Chicago
3/11/14 8K re: amendments to Supp. Exec. Retirement Plan
4/28/14 8K re: selection of Robert E. Verbeck as VP Finance
2/27/14 8K re: grants of restricted stock units to execs
2/14/14 10K for year ended 12/31/13
1/29/14 8K re: 4Q results
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 Boeing 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
Caterpillar CAT:
2/20/14 8K re: retail sales info
2/18/14 10K for year ended 12/31/13
1/27/14 8K re: 4Q results & 12/31/13 results
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; amp; amp; amp; amp; Joshua I. Smith from Board & amp; amp; amendment to by-laws
Chevron CVX:
2/21/14 10K for year ended 12/31/13
1/31/14 8K re: grants of stock options to execs
1/31/14 8K re: 4Q and year end results
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
Cisco CSCO:
3/11/14 8K re: exec's pre-arranged stock trading plan
3/3/14 8K re: issuance of Floating Rate Notes
2/26/14 8K re: public offering of Senior Notes
2/20/14 10Q & 2/12/14 8K re: qtr. ended 1/25/14
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
Coke KO:
3/7/14 8K re: public offering of $1 bil Floating Rate Notes due '15
3/7/14 Proxy Statement re: Shareholder Meeting 4/23/14 12:30 pm Cobb Galeria, Atlanta
2/27/14 10K for year ended 12/31/13
2/21/14 8K re: Kathy Walker replacing Gary Fayad as EVP/CFO & retirement from BoD of Donald F. McHenry & Jacob Wallenberg
2/19/14 8K re: amendment of Restricted Stock Award Plan
2/18/14 8K re: results of 4Q & year
2/6/14 8K re: agreement with Green Mt. Coffee Roaster
1/24/14 8K & 12/18/13 8K both re: departure of EVP & Pres. of Coca-Cola Americas Steven A. Cahillane
Disney DIS:
3/18/14; 3/4/14; & 2/3/14 Add'l proxy materials
2/5/14 10Q & 2/5/14 8K re: Qtr ended 12/28/13
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
DuPont DD:
3/14/14 Proxy Stockholders Mtg 4/23/14 10:30 am, DuPont Theatre, Wilmington, DE
3/10/14 8K re: guidance for 2014
2/5/14 10K for year ended 12/31/13
1/28/14 8K re: 4Q results
ExxonMobil XOM:
3/11/14 8K re: presentation at analyst meeting
2/26/14 10K for year ended 12/31/13
2/21/14 8K re: oil reserves info
1/30/14 8K re: 4Q results
11/5/13 10Q & 10/31/13 8K re: 3 Qtr ended 9/30/13
GE:
3/11/14 8K re: public offering of Notes
3/5/14 Proxy Annual Shareholders Meeting 4/23/14 10 am Sheraton, Chicago
2/27/14 10K for year ended 12/31/13
1/17/14 8K re: 4Q results
Goldman Sachs GS:
3/3/14 8K re: issuance of Notes
3/3/14 8K re: election of Peter Oppenheimer to Bod
2/28/14 10K for year ended 12/31/13
2/12/14 8K re: public offering of debt
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
Home Depot HD:
2/28/14 8K re: election of Craig A. Menear, Pes. US Retail
2/25/14 8K re: results for fiscal year and qtr ended 2/2/14
Intel INTC:
2/14/14 10K for year ended 2/28/13
2/3/14 8K re: comp structure for execs & employees
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
IBM:
3/10/14 Proxy Stockholder Mtg 4/29/14 10 am Osborn Conv. Ctr., Jacksonville, FL
2/25/14 8K 10K for year ended 12/31/13
2/11/14 8K re: public offering of debt
2/10/14 8K re: closing of sale of IBM's customer care process outsourcing business to SYNNEX
1/31/14 8K re: exec comp. structure
1/23/14 8K re: sale of x86 server portfolio to Lenovo
1/22/14 8K re: 4Q earnings 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
JPMorganChase JPM:
3/14/14 8K re: issuance of Notes
3/10/14 8K re: issuance of Pref. Stock
3/5/14 8K re: issuance of Notes
2/27/14 8K re: Investor Day Presentation
2/6/14 8K re: sale of Pref. Stock
2/5/14 8K re: payment of $614 mil to settle mortgage case brought by US Atty SDNY, FHA, HUD & VA
1/30/14 8K sale of Pref. Stock
1/28/14 8K re: public offering of Notes
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
Johnson & Johnson JNJ:
3/12/14 Proxy - Shareholder Meeting 4/24 10 am Hyatt Regency, New Brunswick, NJ
2/21/14 10K for year ended 12/29/13
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
McDonald's MCD:
3/13/14 8K re: presentation at Merrill Lynch Consumer Retail Conf. in NYC 3/12
3/10/14 8K re: Feb. sales
2/24/14 10K for year ended 12/31/13
2/14/14 8K re: exec awards under cash performance unit plan
2/10/14 8K re: Jan sales
1/31/14 8K re: payout structure for '14 Target Incentive Plan for Execs
1/23/14 8K re: 4Q & full year results for period ended 12/31/13
12/9/13 8K re: Nov. sales
Merck MRK:
2/28/14 8K re: amdmt of Bylaws so 15% of shareholders can call a meeting
2/27/14 10K for year ended 12/31/13
2/5/14 8K re: retirement of John Canan, Sr. VP Finance
2/5/14 8K re: 4Q & full year results
11/7/13 10Q & 10/28/13 8K re: 3 Qtr ended 9/30/13
Microsoft MSFT:
3/12/14 8K re: election of G. Mason Morfit, Pres. ValueAct Capital, to BoD
2/4/14 8K re: election of Satya Nadella as CEO
1/23/14 10Q & 1/23/14 8K re: 4Q ended 12/31/13
12/6/13 8K re: issuance of over $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 Shareholders on 11/19/13
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
Pfizer PFE:
3/13/14 Proxy - Shareholder Meeting 4/24/14 8:30 am Hilton Short Hills, NJ
2/28/14 10K for year ended 12/31/13
1/28/14 8K re: results for 4Q and year
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; 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:
2/28/14 8K re: A.G. Lafley's pre-arranged stock trading plan
2/14/14 8K re: exercise of stock options by CEO A.G. Lafley
2/11/14 8K re: company guidance
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
3M MMM:
3/5/14 8K re: realignment of business segments
2/13/14 10K for year ended 12/31/13
1/30/14 8K re: 4Q & full year results
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
Travelers TRV:
3/17/14 8K re: cahnge of date of Annual Shareholders Meeting from 5/28 to 5/27/14 at Hartford, Ct., Mariott Downtown
2/13/14 10K for year ended 12/31/13
2/6/14 8K re: election of Philip T. Ruegger III to Bod
1/21/14 8K re: 4Q results ended 12/31/13
United Technologies UTX:
3/14/14 Proxy - Shareholder Meeting 4/28 2 pm Ritz-Carlton, Charlotte, NC
2/6/14 10K for year ended 12/31/13
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:
3/7/14 8K re: presentation at Barclays Global Healthcare Conf. Miami 3/11
2/28/14 8K re: presentation at Raymond James INv. Conf. Orlando 3/4
2/12/14 10K for year ended 12/31/13
1/16/14 8K re: 4Q & full year results
1/3/14 8K re: presentation at Goldman Sachs Healthcare Conf.
12/2/13 8K re: Annual Investors Conference to be held 12/3 in NYC
Verizon Communications Inc. VZ:
3/17/14 Proxy - Annual Meeting of Shareholders 5/1/14 10:30 am, Sheraton, Phoenix, AZ
3/10/14; 2/1/14; 1/30/14 & 1/28/14 8Ks re: closing of the purchase of Vodafone's 45% interest in Verizon Wireless
3/7/14 8K re: declaration of quarterly dividend & repurchase program of up to 100 mil shares
2/27/14 10K for year ended 12/31/13
2/24/14 8K re: 2014 guidance
2/12/14 8K re: closing of sale of Notes
2/11/14 8K re: exec comp.
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
Visa V:
3/1/314 8K re: resignation of Elizabeth Buse, EVP Solutions
3/7/14 8K re: pre-arranged stock trading plan for CFO
3/5/14 8K re: presentation at Morgan Stanley tech, Media & Telecom Conf 3/5
1/30/14 10Q for qtr ended 12/31/13
1/29/14 8K re: results of 1/29/14 Annual Meeting of Stockholders
1/29/14 8K re: declaration of dividends
12/13/13 Proxy re: Annual Mtg of Stockholders 1/29/14 8:30 am Crowne Plaza, Foster City, CA
WalMart WMT:
2/20/14 8K re: 4Q results
2/13/14 8K re: amendment to bylaws to allow 10% of sharehodlers to call a meeting
1/31/14 8K re: 2014 guidance
1/29/14 8K re: election of C. Douglas McMillan as Pres/CEO
1/29/14 8K/A re: compensation for EVP David Cheesewright
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: replacement of CEO Mike Duke with C. Douglas McMillon effective 2/1/13
11/22/13 8K re: election of Pamela C. Craig to Board
ADIOS.
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