Wednesday, April 2, 2014

4/2/14 Wed. pm Dow Closes at 16573 up 40.39 or 0.24%

http://www.dowjonesmonitor.com/

Post No. 2,622 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 Wednesday at 16573 up 40.39 or 0.24%  from Tuesday's close of 16532.61. Of the Dow components   18  gained   and    12 declined.  The biggest gainer dollar-wise and percentage-wise was Caterpillar up $2.82 or 2.83 %. The biggest decliner dollar-wise  was  IBM down 95 cents and percentage-wise was American express down 0.84%.



As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C5 of  Wednesday's Wall St. Journal is 0.15571590501117. Wednesday's trailing P/E ratio is 16.26 up from Tuesday's trailing P/E ratio of 16.19   (last year it was 16.07).  Wednesday's P/E estimate is 14.74 unchanged from Tuesday's P/E estimate of 14.74   (year ago it was 12.95) and Wednesday's dividend yield is 2.15 down  from Tuesday's dividend yield of 2.16   (last year it was 2.43). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 2580.67 up 6.28  from  Tuesday's closing numerator of 2574.39.  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  Wednesday's Dow Jones Industrial Average was $86.02 up 21  cents  from Tuesday's average closing price of $85.81.  The median closing price of  Wednesday's Dow Jones Industrial Average was $80.04   (HD/PG) up 19 cents   from Tuesday's median closing price of $79.86  (HD/PG). The lowest volume was Travelers  and the highest volume was Cisco.

If  Wednesday 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 $628  ($258,068 -$257,439).

4/2/14 Wed. 4:35   pm MarketWatch by Anora Mahmudova says the S&P 500 indexSPX +0.29% ended the day at a session high, up 5.38 points, or 0.3%, to 1,890.90, closing at a record for the eight time this year. Consumer discretionary and industrials sector stocks led the gains.                                         
The Dow Jones Industrial AverageDJIA +0.24%  closed up 40.39 points, or 0.2%, at 16,573.00, only a few points shy of its record close reached Dec 31. 2014. The blue-chip index is now flat for the year.
The Nasdaq Composite /quotes/zigman/12633936/realtime COMP +0.20%  finished the day up 8.42 points, or 0.2%, at 4,276.46.
“Today’s ADP numbers should be taken not in isolation but as a part March data package—together with the ISM and jobless claims figures, they indicate a nice progression growing at moderate rate,” said Jim Russell, senior equity strategist at U.S. Bank Wealth Management.
“It appears that cold winter weather and not something fundamental held back the growth and resulted in weakness,” Russell added.
Private-sector-employment gains picked up in March, with employers adding the most jobs in three months, and quicker hiring may be ahead, Automatic Data Processing Inc. reported Wednesday.
ADP said private-sector employers added 191,000 jobs last month, up from 178,000 in February. A prior estimate pegged February’s increase at 139,000.        ADP is not always a reliable indicator, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.                                        
“We no longer view ADP as a useful advance indicator of the official payroll numbers. Since ADP was revamped in October 2012 it has clearly tended to lag movements in the official numbers by a month. We still look for 250,000 jobs gain on Friday,” wrote Shepherdson in an emailed comments.
Separately, orders for goods produced in U.S. factories rose 1.6% in February, the U.S. Commerce Department said Wednesday. Orders for durable goods--products meant to last at least three years--rose 2.2% in February. Orders for nondurable goods increased 1%.
Two Federal Reserve officials speaking publicly on Wednesday offered slightly different views about the timing of the first rate hike. In an interview on Bloomberg Radio on Wednesday, St. Louis Fed President James Bullard said that he expects the first rate hike to come in the first quarter of 2015, though he conceded that he’s ahead of most of his colleagues.
Atlanta Fed President Dennis Lockhart said that the first rate hike is not likely to be warranted until at least the last half of next year.

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
TNYSE
AXPNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
GSNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
NKENYSE
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
UNHNYSE
VZDualListed
VNYSE
WMTNYSE
*************************
The following are excerpts from Tues. morning's Blog:

A  read of the print editions of  Wednesday's Wall St. Journal,  Financial Times, Investor's Business, 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 Tuesday's closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average:  The Dow Jones Industrial Average closed Tuesday at 16532.61 up 74.95 or 0.46%  from Monday's close of 16457.66. For the year the Dow is down 0.27%. Of the Dow components  19  gained   and  11  declined.  The biggest gainer dollar-wise  was Boeing up $2.72 and percentage-wise was Cisco up 3.94%. The biggest decliner dollar-wise  was  Verizon down $1.16 and percentage-wise was Travelers down 0.83%.

WSJ pC4 "S&P starts quarter with a record finish" by Tomi Kilgore says traders said there was no particular news responsible for driving the market higher Tues.  Several economic reports in the US & overseas were close enough to expectations that they didn't alter the outlook.

FT p21 "Wall Street" by Eric Platt says US equities strengthened for the 3rd straight day following a rise in the monthly ISM manufacturing survey.

IBD pB5 "market back in uptrend as S&P 500 hits new high" by Juan Carlos Arancibia says Tuesday's action saw indexes rally as S&P hits a new high and the current outlook is the uptrend resumes.

NYT pB8 "Strong start to 2nd quarter after signals that the economy is gaining strength" by Reuters says the gains Tues were broad, with areas closely tied to the pace of economic growth among the leaders.

AJC pA9 "Factory data propels S&P" by Ken sweet, AP says new signs of life in the US manufacturing sector pushed the stock market to a record high Tues as the S&P closed at 1,885.52.


Tuesday's Dow Jones Industrial Average closing numerator was 2574.39 up 11.67  from  Monday's closing numerator of 2562.72.  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  Tuesday's Dow Jones Industrial Average was $85.81 up 39 cents  from Monday's average closing price of $85.42.  The median closing price of  Tuesday's Dow Jones Industrial Average was $79.86   (HD/PG) down 47 cents   from Monday's median closing price of $80.33  (DIS/PG). The lowest volume was Travelers  and the highest volume was Cisco.

If  Tuesday 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 $1,167  ($257,439 - $256,272).

4/1/14 Tues. 4:09   pm MarketWatch by Anora Mahmudova says the U.S. stock market ended sharply higher Tuesday, with the S&P 500 closing at a record level. Investors bid up prices after mildly positive manufacturing data and better-than-expected car sales boosted confidence. The S&P 500 SPX +0.70% ended the day at session highs, gaining 13.18 points, or 0.7%, to 1,885.52, a record. Consumer discretionary and technology stocks led the gains on the benchmark index. The Nasdaq Composite COMP +1.64% finished the day up 69.05 points, or 1.6%, at 4,268.04. The Dow Jones Industrial Average DJIA +0.46% closed up 74.95 points, or 0.5%, at 16,532.61.

Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:

AT&T:  IBD PA5 "Phone carriers face new mobile wallet challenge" by Reinhardt Kruase says  HCE technology, backed by Visa, MasterCard may hurt Verizon's & AT&T's Isis, the mobile payment service jv of AT&T, T-Mobile US and Verizon launched in Nov.

American Express:  No mentions found.

Boeing:  WSJ pA12 "Real-Time flight tracking gains support" by Andy Pasztor, Jon Ostrower says the disappearance of Malaysia Airlines Flight 370 is prompting leaders of Boeing and other global airlines to warm up to a safety measure they long have resisted as too expensive: real-time satellite tracking of practically all airliners.

WSJ pB8 "Is America ready for the cut rate jet fighter?" by Doug Cameron says  Textron's Airland Scorpion is trying to compete with other fighter jets by Boeing and others.

Caterpillar:  WSJ pB3 "Caterpillar's tax strategy stirs debate" by James R. Hagerty, IBD pA1 "GM, CAT grilled by Congress", FT p16 "Attention shifts to US tax code" by Gina Chon,NYT pB3 "At haring, Caterpillar defends tax practices" by Mary Williams Walsh, AJC pA10 "Senator: caterpillar ducked $2.4B in taxes" say Sen. carl Levin said this at a senate hearing on Caterpillar's taxes.

Chevron:  No mentions found.

Cisco:  No mentions found.

Coke:  No mentions found.

Disney:  NYT pB1 "billion Dollar bracelet is key to magical kingdom" by Brooks Barnes says Disney has spent more than $1 bil for a system allowing access to theme park attractions.

WSJ pB4 "Hulu adds to its binge tv catalog" by Amol sSarma says Disney's Hulu generated $1 bil in rev last year and is controlled by Disney and 21st Century Fox.

DuPont:  No mentions found.

Exxon:  AJC pA10 "Exxon: climate policies won't stop oil business" says Exxon issued a report Mon on the risks that climate change policies could pose to the value of its assets and profitability.

GE:  No mentions found.

Goldman Sachs:  FT p1 "Goldman says goodbye to NYSE floor" by Arash Massoudi, Tracy Alloway says Goldman Sachs is leaving he floor of the NYSE and will sell its designated market maker.  Over the past decade NYSE's share of US trades have fallen from more than 70% to 12%.

WSJ pC1 "At street feast, bring your own swaps" by Justin Baer says  Goldman Sachs and JPMorgan are among the banks that have stepped up efforts to reduce their piles of derivatives.

Home Depot:  No mentions found.

Intel:  No mentions found.

IBM:  IBd pB7 "Growth stocks bring volatility potential for large rewards" by Scott Stoddard says large firms like IBM tend to have beta ratios below 1 as they are less volatile than the S&P 500.

JPMorgan:  IBD pA1 "Whistleblowers are cashing in on fraud" by Ciaran McEvoy says a JPMorgan whistleblower got $64 mil.

Johnson & Johnson:  No mentions found.

McDonald's:  No mentions found.

Merck:  No mentions found.

Microsoft:  WSJ pB1 "Microsoft retires XP, but security risks live on" by Rachael King, Danny Yadron, AJC pA10 "Microsoft: Windows to get regular updates", IBD pA2 "Microsoft XP users hang on", USAT p4B "See what's next for Microsoft" by Nancy Blair say Microsoft will update its Windows 8 op system on a regular basis in response to complaints.

Nike:  No mentions found.

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

UnitedHealth:  No mentions found.

Verizon:  No mentions found.

Visa:  No mentions found.

Walmart:        No mentions found.    

Tuesday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
TNYSE
AXPNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
GSNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
NKENYSE
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
UNHNYSE
VZDualListed
VNYSE
WMTNYSE
*****************
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 Vadafone'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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