4/23/14 Wed am Travelers' Profits Up, AT&T's Flat, McDonald's Down

http://www.dowjonesmonitor.com/

Post No. 2,649 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 recent Dow 30 components'  SEC filings.

A  read of the print editions of  Wednesday's Wall St. Journal,   Financial Times,   Investor's  Business Daily, 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 16514.37 up 65.12 or 0.40%   from Monday's close of 16449.25. For  the year the Dow is down 0.38%.  Of the Dow components  19   gained and  11  declined.  The biggest gainer dollar-wise was Goldman Sachs up $2.66 and percentage-wise was  Home Depot up 2.19%. The biggest decliner dollar-wise  and percentage-wise was Exxon down 56 cents or 0.55%.

WSJ pC4 "Stocks' rebound endures" by Tomi Kilgore says US stocks rallied as upbeat corp news brought the Dow within reach of its record.  Among Dow reporting results, United Technologies was up 89 cents, Travelers rose 49 cents but McDonald's fell 35 cents.

NYT pB7 "Deals and solid earnings lift shares" & AJC pA15 "Netflix, Harley lead surge" by AP says the market had its 6th straight day of gains due to corp deals and respectable earnings reports.

IBD pB4 "Stocks build on rebound, as medical stocks climb" by Juan Carlos Arancibia says Tuesday's action saw indexes continue wining streak with the current outlook is market in correction.

FT p21 "Harley-Davidson speeds past forecasts to top S&P spot" by Richard Blackden, Eric Platt says Home Depot whose fortunes are tied to the nation's housing market was the biggest gainer on the Dow as its shares rose 2.5%.


As of the open    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 17.90 up from Tuesday's opening  trailing P/E ratio of 16.23   (last year it was 17.94).  Wednesday's P/E estimate is 15.70 up from Tuesday's opening estimate of 14.87   (year ago it was 14.10) and Wednesday's dividend yield is 1.98 down  from Tuesday's opening 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.



Tuesday's Dow Jones Industrial Average closing numerator was 2571.55 up 10.14  from  Monday's closing numerator of 2561.41.  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.

The average closing price (the closing numerator divided by 30) of  Tuesday's Dow Jones Industrial Average was $85.72 up 34 cents  from Monday's average closing price of $85.38.  The median closing price of  Tuesday's Dow Jones Industrial Average was $79.56   (DIS/HD)  up $1.02 from Monday's median closing price of $78.54 (HD/DIS). The lowest volume was   3M and the highest volume was Intel.


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 $1,1014  ($257,155 - $256,141).

4/22/14 Tues. 4:08   pm MarketWatch by Anora Mahmudova says the U.S. stock market closed higher Tuesday, with the S&P 500 extending its winning streak to 6 days, the longest consecutive gains since September 2013. Investors welcomed better-than-expected results from Lockheed Martin Corp  LMT -2.97% , Harley-Davidson Corp HOG +6.41% and Comcast Corp. CMCSA +1.90% , while a flurry of deal news in the health-care sector added to positive sentiment. The S&P 500SPX +0.41% ended the day 7.66 points, or 0.4%, higher at 1,879.55, rising for 6 straight sessions. The Dow Jones Industrial Average DJIA +0.40% closed 65.12 points, or 0.4%, higher at 16,514.37. The Nasdaq Composite COMP +0.97% added 39.91 points, or 1%, to 4,161.46, recording the sixth consecutive session of gains.

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

AT&T:  IBD pA2 "AT&T edges q! earnings view,  WSJ pB3 "Subscriber tally rises, buoying AT&T sales" by Thomas Gryta, John Kell, NYT pB11 "A million new wireless subscriptions lift AT&T revenue, but profit is flat" by AP, AJC pA15 "AT&T earnings flat, rev up" by AP say AT&T's 1Q net income was $3.7 bil or 70 cents per share vs. $3.7 bil or 67 cents a year earlier when AT&T had more shares outstanding.  Rev grew 4% to $32.5 bil better than the $32.4 bil analysts expected per FactSet.  AT&T added 1,062,000 wireless subscribers in the quarter including 625,000 smartphones and tablets in postpaid plans.

IBD pA2 "AT&T", AJC pA14 "AT&T joins crowd with online video plans" say AT&T and chernin group have formed an online video venture that could rival Netflix and Hulu partially owned by Disney.  Verizon is planning similar services.

American Express:  No mentions found.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  No mentions found.

Cisco:  No mentions found.

Coke:  No mentions found.

Disney:  WSJ pC12 "An Aereo win could be more signal than noise" says even if Aereo wins retransmission fees won't immediately disappear until current agreements expire.  Hulu  is a version of Aereo but has struggled.


AJC pA14 "AT&T joins crowd with online video plans" says AT&T and chernin group have formed an online video venture that could rival Netflix and Hulu partially owned by Disney.  Verizon is planning similar services.

DuPont:  No mentions found.

Exxon:  No mentions found.

GE:  FT p22 "High grade US debt outshines juicier junk" by vivianne Rodrigues, Michael Mackenzie" says GE did the second largest 30 high grade corporate bond deal on 3/6 issuing $2.25 bn at 4.5% coupon.

Home Depot: FT p21 "Harley-Davidson speeds past forecasts to top S&P spot" by Richard Blackden, Eric Platt says Home Depot whose fortunes are tied to the nation's housing market was the biggest gainer on the Dow as its shares rose 2.5%.

Intel:  No mentions found.

IBM:  No mentions found.

JPMorgan:  No mentions found.

Johnson & Johnson:  No mentions found.

McDonald's:  FT p16 "McDonald's earnings dip as harsh winter hits US sales" by Neil Munshi, NYT pB2 "McDonald's profit declines as US sales weaken" by AP,   IBD pA1 "McDonald's A1 EPS fell 4%", WSJ pB3 "McDonald's responds to Taco bell's challenge" by Julie Jargon, AJC pA14 "McDonald's profit slips as US sales decline"  say McDonald's profit fell to $1.2 bil or $1.21 per share vs. $1.27 bil or $1.26 per share a year ago while rev was up to $6.7 bil but shy of the $6.71 bil Wall St. expected.  After a decade of consistent growth sales declined as McDoknald's struggled to roll out an array of new items and fend off competitors.

WSJ pC4 "Stocks' rebound endures" by Tomi Kilgore says US stocks rallied as upbeat corp news brought the Dow within reach of its record.  Among Dow reporting results, United Technologies was up 89 cents, Travelers rose 49 cents but McDonald's fell 35 cents.

Merck:    No mentions found.

Microsoft:  No mentions found.

Nike:  No mentions found.

Pfizer:  IBD pB8 "Ethical drugs boosted by takeover bids" by Scott Stoddard, WSJ pC12 "Pharma deal making is on target" by Helen Thomas  say Pfizer has held talks to buy UK based AstraZeneca for $100 bil..

NYT pB1 "Seeking out new compounds" by Michael J. de la Merced, David Gelles, Rachel Abrams says  after Pfizer lost its patent for Lipitor in 2011, it reported an 11% drop in overall sales the next year.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  WSJ pC3 "Profits at travelers reach a fresh peak" by Leslie Scism, Michael Calia say Travelers posted record operating profit in 1Q even as the pace of rate increases in its big gusiness insurance unit moderated & harsh winter weather weighed on results.  Travelers' operating profit rose to $2.95 a share or $1.05 bil from $2.31 a share or $887 mil a year earlier.  Net income was $1.05 bil up from $896 mil.  Net income per share rose to $2,.95 from $2.33.  Analysts had expected $2.16 a share in operating earnings.  It also raised its quarterly dividend by 10% to 55 cents a share.

WSJ pC4 "Stocks' rebound endures" by Tomi Kilgore says US stocks rallied as upbeat corp news brought the Dow within reach of its record.  Among Dow reporting results, United Technologies was up 89 cents, Travelers rose 49 cents but McDonald's fell 35 cents.

United Technologies:  IBD pA2 "United Tech Q1 EPS, sales top"  says United Tech's EPS fell 5% to $1.32 but beat views by 5 cents while rev rose 2% to $14.75 bil slightly above views.  Pratt & Whitney rev rose 11% on orders for engines.  Otis unit was up by 9% due to china orders.  United Tech raised full year EPS guidance to $6.65 - $6.85.

WSJ pC4 "Stocks' rebound endures" by Tomi Kilgore says US stocks rallied as upbeat corp news brought the Dow within reach of its record.  Among Dow reporting results, United Technologies was up 89 cents, Travelers rose 49 cents but McDonald's fell 35 cents.

UnitedHealth:  No mentions found.

Verizon:AJC pA14 "AT&T joins crowd with online video plans" says AT&T and chernin group have formed an online video venture that could rival Netflix and Hulu partially owned by Disney.  Verizon is planning similar services.

Visa:  No mentions found.

Walmart:      No mentions found.           

Tuesday's Closing Dow Numbers:

Symbol  Last Sale  Change  % Change  Share Volume  Market

T$36.290.23 ▲ 0.64%28,928,803NYSEAXP$87.070.40 ▲ 0.46%3,360,565NYSEBA$127.550.27 ▼ 0.21%4,953,629NYSE
CAT$103.691.05 ▲ 1.02%4,478,195NYSE
CVX$1240.24 ▼ 0.19%5,733,862NYSE
CSCO$23.520.12 ▲ 0.51%28,411,926NASDAQ-GS
KO$40.710.04 ▼ 0.1%17,190,608NYSE
DIS$79.450.34 ▲ 0.43%5,782,535NYSE
DD$67.350.32 ▲ 0.48%3,712,384NYSE
XOM$100.370.56 ▼ 0.55%7,980,117NYSE
GE$26.580.01 ▼ 0.04%27,181,992NYSE
GS$160.462.66 ▲ 1.69%4,494,510NYSE
HD$79.671.71 ▲ 2.19%11,107,836NYSE
INTC$26.840.11 ▼ 0.41%29,305,746NASDAQ-GS
IBM$192.150.12 ▼ 0.06%3,821,999NYSE
JPM$55.810.78 ▲ 1.42%16,141,068NYSE
JNJ$100.180.18 ▲ 0.18%7,779,021NYSE
MCD$99.320.35 ▼ 0.35%8,850,971NYSE
MRK$57.770.52 ▲ 0.91%13,746,856NYSE
MSFT$39.990.05 ▲ 0.13%26,640,718NASDAQ-GS
NKE$74.350.45 ▲ 0.61%2,520,613NYSE
PFE$310.14 ▲ 0.45%25,381,884NYSE
PG$81.250.31 ▼ 0.38%9,099,625NYSE
MMM$138.890.27 ▲ 0.19%2,217,848NYSE
TRV$86.890.49 ▲ 0.57%3,157,959NYSE
UTX$119.190.89 ▲ 0.75%4,135,460NYSE
UNH$75.760.81 ▲ 1.08%6,128,355NYSE
VZ$47.920.06 ▼ 0.13%20,549,484DualListed
V$209.970.84 ▲ 0.4%2,447,932NYSE
WMT$77.560.04 ▼ 0.05%6,379,070NYSE
***********
 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 (Redmond, WA)


Nike NK Mark Parker (Beaverton, OR)


Pfizer PFE Ian Read (NY, NY)


Procter & Gamble PG A. G. Lafley (Cincinnati, OH)


3M MMM Inge Thulin (St. Paul, MN)


Travelers TRV Jay S. Fishman (NY, NY)


UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)


United Technologies UTX Louis Chenevert (Hartford, CT)


Verizon VZ Lowell McAdam (NY, NY)


Visa V Charles W. Scharf (Foster City, CA)


Wal-Mart WMT Doug McMillon (Bentonville, ARK)


***************************
Here are the Dow Jones Industrial Average 30 as of 4/17/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $433.94
2. Microsoft MSFT 332.11
3. Johnson & Johnson JNJ 279.95
4. GE 266.48
5. WalMart WMT 250.78
6. Chevron CVX 236.12
7.  Procter & Gamble PG 221.68
8. JPMorgan Chase JPM 209.13
9.  IBM 197.87
10. Verizon VZ 197.
11. Pfizer PFE 193.08
12. AT&T T 187.65
13. Coke KO 179.41
14. Merck MRK 166.06
15.  Disney DIS 140.15
16. Intel INTC 134.44
17. Visa V 131.76
18. Cisco CSCO 119.56
19. United Technologies UTX 108.52
20. Home Depot HD 106.49
21. McDonald's MCD 99.24 
22. Boeing BA 95.1 
23. American Express AXP 91.44
24. 3M MMM 91.27
25. UnitedHealth UNH 74.96
26. Goldman Sachs GS 73.58
27. Caterpillar CAT 65.59
28. Nike NKE 65.016
29. DuPont DD 62.14
30. Travelers TRV 30.54

****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 4/17/14:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T:
3/31/14 8K re: closing of sale of Flotating Rate Global Notes due '17
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



American Express AXP:
4/16/14 8K re: 1Q results
4/15 8K re: delinq. & write-off stats for 3 months ended 3/31/14
3/27/14 Proxy re: Annual Mtg. of Shareholders 5/12 at  9 a.m. at AXP HQ in NYC
3/26/14 8K re: dividend of 26 cents per share & buyback of up to $4.4 bil of common shares in '14
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




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


Caterpillar CAT:
3/20/14 8K re: 3 month dealer stats thru 2/14
 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



Chevron CVX:
4/10/14 Proxy re: Annual Meeting of Shareholders on 5/28 at Permian Basin Petroleum Museum, Midland, Tx at 8 am
4/9/14 8K re: Interim update for 1Q
3/28/14 8K re: increase in comp. to exec officers
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



Cisco CSCO:
3/26/14 8K re: adoption of pre-arranged exec stock trading plans
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



Coke KO:
4/15/14 8K re: 1Q results
4/3/14 & 3/28/14 Proxy material re: issue of exec. comp.
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:
3/20/14 8K re: amdmt to cert. of incorp.
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




DuPont DD:
/17/14 8K re: results for qtr ended 3/31
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:
4/11/14 Proxy re: Shareholder Mtg on 5/28 at Myerson Symphony Ctr, Dallas, Tx at 9:30 am
3/24/14 8K re: Reg. FD disclosure re: '13 Fin'l & Operating Rev
3/20/14 8K re: issuance of Float Rate Notes
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

GE:
4/17/14 8K re: 1Q results
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:
4/17/14 8K re: 1Q results
4/4/14 Proxy re: Shareholder Mtg at 5/16 at GS Office, Irving Tx at 9:30 am
3/26/14 8K re: revised '14 capital plan submitted to Fed. Res. Bd.
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.



Home Depot HD:
4/7/14 Proxy re: Shareholder Mtg 5/22 Cobb Galleria Centre, Atlanta, Ga. at 9:00 am
3/27/14 10K for year ended 2/2/14
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:
4/15/14 8K re: 1Q results
4/7/14 8K re: changes to operating segments reports
4/3/14 Proxy re: Stockholder Mtg on 5/22 at 8:30 am at Intel HQ, Santa Clara, CA
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




IBM:
4/17/14 & 4/16/14 8K re: 1Q earnings presentation
4/3/14 Proxy re: add't'l info
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


JPMorganChase JPM:
4/11/14 2 8Ks re: 1Q results
4/9/14 Proxy re: Shareholder Mtg at JPM Offices on 5/20/14 at Tampa, Fl at 10:00 am
3/26/14 8K re: dividend of 40 cents per share & buyback of $6.5 bil of common stock
3/20/14 8K results of '14 Dodd-Frank Act Stress Tests
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



Johnson & Johnson JNJ:
4/15/14 8K re: results of 1Q ended 3/30/14
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




McDonald's MCD:
4/11/14 Proxy re: Shareholder Mtg on 5/22/14 at 8 am at MCD HQ at Oak Brook, Ill
3/21/14 8K re: retirement of COO Tim Fenton & global mgmt. restructure
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




Merck MRK:
4/14/14 Proxy re: Shareholder Mtg on 5/27 at 9 am at Bridgewater Marriott, Bridgewater, NJ
3/27/14 8K re: departure of EVP/CEO Peter N. Kellogg
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


Microsoft MSFT:
3/20/14 8K re: resignation from Bd. of Dirs. of Stephen J. Luczo
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




Nike NKE:
4/7/14 10Q & 3/25/14 & 3/20/14 8Ks re: Year ended 2/28/14
1/7/1410Q  & 12/23/14 8K & 12/19/13 8K re: 4Q ended 11/30/13



Pfizer PFE:
4/11/14 & 4/2/14 Proxy re: add't'l info
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


Procter & Gamble PG:
4/9/14 8K re: sale of Pet Food biz to Mars for $2.9 bil
4/7/14 8K re: dividend of 64 cents  on common & preferred shares
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



3M MMM:
4/15/14; 3/27/14; & 3/26/14 Proxy re: Stockholder Mtg on 5/13/14 at 10:00 am at Austin Conv. Ctr. at Austin, Tx
4/8/14 8K re: imminent danger order issued and then lifted for Greystone Plant at Wauscu, Wisc.
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



Travelers TRV:
4/11/14 Proxy re: shareholder Mtg on 5/27 at 1 pm at Hartford Marriott Downtown, Hartford, Ct.
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:
4/8/14 Proxy re: add'l info
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



UnitedHealth Group UNH:
4/17/14 8K re: 1Q results
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.


Verizon Communications Inc. VZ:
4/11/14 Proxy re: add'l info
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




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

WalMart WMT:
4/7 8K re: issuance of euro Notes due '22
3/21/14 10K for FY ended 1/31/14
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


SO LONG, THAT'S ALL