Tuesday, June 3, 2014

6/3/14 Tues pm Dow Closes at 16722.34 down 21.29 or 0.13

http://www.dowjonesmonitor.com/

Post No. 2,675 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 as of 5/30/14 and a summary of recent Dow 30 components'  SEC filings as of 5/30/14.

The Dow Jones Industrial Average closed  Tuesday at 16722.34 down 21.29 or 0.13% from Monday's close of 16743.63. Of the Dow components  11 gained and  19 declined.   The biggest gainer dollar-wise   Was Goldman Sachs up $1.77 and percentage-wise was Intel up 1.47%. The biggest decliner dollar-wise  was Visa down $2.20 and percentage-wise was  Nike down 1.53%.



As of the open of  the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C5 of  Tuesday's Wall St. Journal is 0.15571590501117.  Tuesday's trailing P/E ratio is 16.38 up from Monday's trailing P/E ratio of 16.35 (last year it was 16.67).  Tuesday's P/E estimate is 14.91 up from Monday's P/E estimate of 14.41 (year ago it was 14.05) and Tuesday's dividend yield is 2.18 down from Monday's dividend yield of 2.22 (last year it was 2.35). The Dow's all-time high was 16,743.63 on June 2,  2014. 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 numerator is 2603.93 down 6.32  from  Monday's   numerator of 2607.25.  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 $86.91 up 14 cents from Monday's  average closing price of $86.91.  The median closing price of  Tuesday's Dow Jones Industrial Average was $80.60   (PG/HD) down 1 cent from Monday's median closing price of $80.60 (PG/HD). 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 lost $632  ($260,725 - $260,393).

6/3/14 Tuesday 4:29    pm MarketWatch by Anora Mahmudova says the the U.S. stock market ended Tuesday marginally lower, pausing after three straight days of gains that sent the S&P 500 and Dow Jones Industrial Average to record levels on Monday.
Investors found little comfort in a factory orders report, which was mostly in line with expectations, and better-than-expected monthly car sales.
The S&P 500 SPX -0.04%  closed less than a point lower at 1,924.24. The Dow industrialsDJIA -0.13%  shed 21.29 points, or 0.1%, to 16,722.34.
The Nasdaq CompositeCOMP -0.07%  ended the day down 3.12 points, or 0.1%, at 4,234.08.
Rob Stein, CEO of Astor Investment Management, said that stocks and long-term government bonds are most likely priced where they should be.                                       
“The economy is growing very slowly, but still growing. The S&P 500 is up about 4% on the year and that is consistent with the current growth environment,” Stein said.
“The 10-year yield at 2.5% is not surprising given that the inflation is at 1%, unemployment in 6s and stalled growth in the first quarter. In fact, we fear slipping into a deflationary environment more than inflation rising,” he added.
Orders for goods produced in U.S. factories rose 0.7% in April, the Commerce Department said Tuesday. Economists surveyed by MarketWatch had expected orders to rise 0.6%. Factory orders climbed by a revised 1.5% in March, compared with a prior estimate of 0.9%. Orders for durable goods -- products meant to last at least three years -- rose 0.6% in April. Orders for nondurable goods increased 0.7%.
The auto industry was in focus after car makers released their monthly sales figures.
Shares in General Motors Co. GM +0.03%  and Ford Motors Co.                              +0.67%   rose 1.1% and 0.7% respectively after they released their monthly car sales in the U.S.
GM said U.S. vehicle sales were up 12.6% in May, marking its best monthly performance since August 2008, The Wall Street Journal reported. The results topped analyst expectations.
Ford Motor Co. reported a 3% rise in sales in May. Chrysler Group LLC, owned by Fiat, reported 17% growth in sales in May, as its Jeep and Ram brands continued to deliver strong results.
In deal news, shares of Hillshire Brands Co. HSH -0.58%   jumped 9.5% after Pilgrim’s Pride raised its offer to buy the company for $55 a share in cash, valuing the deal at $7.7 billion. Pilgrim’s Pride said the new bid represents an increase of $1.3 billion from its initial offer. Hillshire said it would talk separately with Pilgrim’s Pride and Tyson Foods Inc. /quotes/zigman/244186/delayed/quotes/nls/tsn TSN +1.55% , both of which are interested in buying the maker of Jimmy Dean sausages and Sara Lee desserts.

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
T▼ NYSE
AXP▼ NYSE
BA▼ NYSE
CAT▲ NYSE
CVX▲ NYSE
CSCO▼ NASDAQ-GS
KO▲ NYSE
DIS▼ NYSE
DD▼ NYSE
XOM▲ NYSE
GE▼ NYSE
GS▲ NYSE
HD▼ NYSE
INTC▲ NASDAQ-GS
IBM▼ NYSE
JPM▲ NYSE
JNJ▲ NYSE
MCD▼ NYSE
MRK▼ NYSE
MSFT▼ NASDAQ-GS
NKE▼ NYSE
PFE▼ NYSE
PG▼ NYSE
MMM▲ NYSE
TRV▼ NYSE
UTX▲ NYSE
UNH▲ NYSE
VZ▼ DualListed
V▼ NYSE
WMT▼ NYSE
*****************
The following are excerpts from Tues. morning's Blog:

A  read of the print editions of Tuesday's Wall Street 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 Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed  Monday at 16743.63 up 26.46 or 0.16% from Friday's close of 16717.17. For the year the Dow is up 1%. Of the Dow components 16  gained and 14  declined.   The biggest gainer dollar-wise   and percentage-wise was Caterpillar up $1.53 or 1.5%. The biggest decliner dollar-wise  and percentage-wise was  Visa down $1.31 or 0.61%.

NYT pB8 "Mistakes in manufacturing index leave market queasy" by AP says the stock market recovered from an early jolt Mon after a widely watched measure of American manufacturing erroneously showed the sector growing at a slower pace than expected.

IBD pb2 "Indexes recover off lows after ISM fixes data error" by Ken Shreve says stocks turned in a respectable performance Mon ending mixed and mostly unchanged but near session highs.

fT p21 "gold miners feel the pressure as price declines for fifth day" by Eric Platt says US equity markets continued a slow march higher after a correction to the monthly ISM manufacturing report.


Monday's Dow Jones Industrial Average numerator is 2607.25 up 4.12  from  Friday's   numerator of 2603.13.  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  Monday's Dow Jones Industrial Average was $86.91 up 14 cents from Friday's  average closing price of $86.77.  The median closing price of  Monday's Dow Jones Industrial Average was $80.60   (PG/HD) down 1 cent from Friday's median closing price of $80.61 (HD/PG). The lowest volume was  Travelers  and the highest volume was Cisco.

If  Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $412  ($260,725 - $260,313).

6/2/14 Monday 4:39    pm MarketWatch by Anora Mahmudova says the U.S. stock market ended Monday generally higher, with the S&P 500 and Dow Jones Industrial Average closing at record levels.
The main benchmarks moved lower in early trade, after the ISM reported erroneous data showing a downbeat reading in the manufacturing index. Stocks regained footing in the afternoon, once correct data on manufacturing showed factories grew at the fastest pace this year.
Marginal gains on the S&P 500 helped the benchmark close at a record level for the 15th time while the Dow closed at a record for the sixth time this year.
The S&P 500SPX +0.07%  closed 1.40 points, or 0.1%, higher at 1,924.97. The Dow Jones Industrial Average DJIA +0.16%  added 26.46 points, or 0.2%, to 16,743.63. The Nasdaq Composite COMP -0.13%  ended the day down 5.42 points, or 0.1%, at 4,237.20. .                                        
“The correct headline suggests that the economy continues to heal from the first quarter slump. In particular, the new orders component is encouraging,” said Quincy Krosby, market strategist at Prudential Financial.                                       
“The economy is improving, but not as fast as investors hoped for,” Chris Gaffney, senior market strategist at EverBank Wealth Management.
“We expect the market to keep grinding higher. However, with volatility at low levels, there is a fear among investors and everyone is waiting for that big ‘black swan’ event,” he added.
American manufacturers grew in May at the fastest rate of 2014, as almost every major sector showed improvement, according to a index that was corrected Monday. The ISM revised its main gauge of manufacturing activity to 55.4 in May from April’s 54.9, according to press reports.
The first incorrect report showed that U.S. factories slowed their pace of expansion to 53.2 in May, sending stocks lower and prompting some economists to question the numbers.                                       
Separately, the final Markit reading of U.S. manufacturing conditions in May totaled 56.4, compared to a preliminary reading of 56.2, the privately run firm said Monday. In April the index registered 55.4.
In corporate news, Broadcom Corp. BRCM +0.17%  shares surged 9.9% after the company said Monday it hired J.P. Morgan to explore options for its cellular baseband business, including a possible sale or wind-down of the business.
Shares of American Realty Capital Healthcare Trust Inc.HCT -0.09% rallied 9.7% on news that Ventas Inc. VTR -2.80%  has agreed to buy the company in a $2.6 billion deal. Shares in Ventas fell 2.9%.

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

AT&T:  NYT pB5 "Sponosrs seem unlikely to cut ties with Mickelson" by Rachel Abrams says in '09 AT&T dropped Tiger Woods due to his wife problems & McDonald's dropped Kobe Bryant due to rape charges.

IBD pA4 "AT&T acquisition of DirecTV raises questions for Uverse" by Reinhardt Krause says only half of consumers who buy AT&T's Uverse also buy AT&T's TV services.  Verizon has had more success selling consumers a package of broadband and pay TV.

IBD pA4 "AT&T casting an eye toward Latin America" by Reinhardt Krause says the DirecTV acquisition fits into this plan. 

American Express: No mentions found.

Boeing:  No mentions found.

Caterpillar:  WSJ pC8 "America's economic wind doesn't fill companies' sales" by Justin Lahart says at Caterpillar N. America accounted for 39% of sales vs. 52% a year ago.  It is shifting more of its business to emerging markets, especially China.  Caterpillar's sales over the past 4 quarters were down 12% from a year earlier.

Chevron: No mentions found.

Cisco: No mentions found.

Coke: No mentions found.

Disney: No mentions found.

DuPont: No mentions found.

Exxon: No mentions found.

GE: No mentions found.

Goldman Sachs:  WSJ pC2 "Goldman Sachs strategist to retire" by Julie Steinberg says Andrew Chisholm, senior strategy office will retire.

FT p15 "Atlantic gap opens in bank chiefs' pay" says Goldman Sachs CEO is the top pay for a CEO of a bank with a total pay in '13 of "19.9 mil.

Home Depot: No mentions found.

Intel: No mentions found.

IBM: No mentions found.

JPMorgan: No mentions found.

Johnson & Johnson: No mentions found.

McDonald's:   NYT pB5 "Sponosrs seem unlikely to cut ties with Mickelson" by Rachel Abrams says in '09 AT&T dropped Tiger Woods due to his wife problems & McDonald's dropped Kobe Bryant due to rape charges.

Merck:  WSJ pB3 "Promising signs for immunotherapy cancer drugs" by Peter Oftus, Ron Winslow, NYT pB1 "New system for treating cancer seen as hopeful" by Andrew Pollack  say about 70% of advanced melanoma patients receiving a Merck immunotherapy were still alive after a year of treatment using drugs designed to unleash the body's own immune system.

IBD pB9 "Merck dividend, arsenal on rise" by Nancy Gondo says Merck seeks to add potential new blockbuster drugs.

Microsoft: No mentions found.

Nike: No mentions found.

Pfizer:  NYT pB1 "Do drug companies make drugs or money" by Andrew Ross Sorkin says drug companies have done so by sharply cutting research and development budgets, arbitraging tax domiciles and buying rivals.  Pfizer is mentioned.

Procter & Gamble: No mentions found.

3M: No mentions found.

Travelers: No mentions found.

United Technologies: No mentions found.

UnitedHealth: No mentions found.

Verizon: IBD pA4 "AT&T acquisition of DirecTV raises questions for Uverse" by Reinhardt Krause says only half of consumers who buy aT&T's Uverse also buy AT&T's TV services.  Verizon has had more success selling consuerms a package of broadband and pay TV.

IBD pA4 "AT&T casting an eye toward Latin America" by Reinhardt Krause says the DirecTV acquisition fits into this plan.

Visa: No mentions found.

Walmart: No mentions found.

Monday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
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 (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 5/30/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $431.98
2. Microsoft MSFT 333.47
3. Johnson & Johnson JNJ 284.64
4. GE 267.04
5. WalMart WMT 246.29
6. Chevron CVX 232.75
7.  Procter & Gamble PG 217.48
8. JPMorgan Chase JPM 211.12
9.  Verizon VZ 205.88
10. Pfizer PFE 188.43
11. IBM 185.36
12. AT&T T 183.57
13. Coke KO 178.36
14. Merck MRK 168.65
15.  Disney DIS 145.61
16. Intel INTC 135.5
17. Visa V 134.4
18. Cisco CSCO 125.71
19. Home Depot HD 109
20. United Technologies UTX 106.21
21. McDonald's MCD 99.59 
22. Boeing BA 98.04 
23. American Express AXP 96.64
24. 3M MMM 92.88
25. UnitedHealth UNH 77.65
26. Goldman Sachs GS 77.45
27. Nike NKE 67.26
28. Caterpillar CAT 63.85
29. DuPont DD 63.26
30. Travelers TRV 32.58

****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 5/30/14:

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

AT&T T:
5/19/14 8K re: contract to buy DirecTV
5/2/14 10Q & 4/23/14 8K & 4/22/14 8K re: results of 1 Qtr ended 3/31/14.
4/28/14 8K re: voting results of annual meeting of Stockholders
3/31/14 8K re: closing of sale of Floating 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

American Express AXP:
5/15/14 8K re: delinq. & write-off stats. for 3 months through 4/30/14
5/13/14 8K re: 13% dividend increase
4/29/14 10Q re: 1Q ended 3/31
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


Boeing BA:
5/12/14 8K re: amendment of CEO's employment contract
4/30/14 8K re: voting results from annual meeting of shareholders
4/23/14 10Q & 8K re: 1 Qtr ended 3/31/14
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
3/28/14 8K re: selection of Robert E. Verbeck as VP Finance


Caterpillar CAT:
5/28/14 & 4/21/14 Proxies re: annual meeting of stockholders on 6/11/14 at Corinth, MS
5/20/14 8K re: 3 months retail sales stats through 4/14
5/8/14 8K re: underwriting agreement to issue notes
5/2/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31/14 results
4/23/14 8K re: 3 months retail sales stats through 3/14
3/20/14 8K re: 3 month dealer stats thru 2/14


Chevron CVX:
5/2/14 10Q & 8K re: 1 Qtr ended 3/31 results
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


Cisco CSCO:
5/22/14 10Q & 5/14/14 8K re: 1 Qtr ended 4/26 results
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


Coke KO:
4/30/14 10Q/A & 4/24/14 10Q for 1Qtr ended 3/28 results
4/25/14 8K re: election of Kathy N. Waller as CFO
4/23/14 8K re: approval of Equity Comp. Plan
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


Disney DIS:
5/6/14 8K & 10Q for 1Qtr ended 3/29 results
3/20/14 8K re: amdmt to cert. of incorp.
3/18/14; 3/4/14; & 2/3/14 Add'l proxy materials 


DuPont DD:
4/28/14 8K re: voting results of Stockholders Mtg
4/22/14 10Q & 4/17/14 re: 1 Qtr ended 3/31
3/17/14 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


ExxonMobil XOM:
5/14/14 & 4/22/14 Proxy material re: exec comp
5/7/14 10Q & 5/1/14 8K re: 1 Qtr. ended 3/31 results
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

GE:
5/12/14 10Q & 4/17/14 8K re: 1 Qtr ended 3/31 results
4/28/14 8K re: voting results from annual shareholders meeting
4/23/14 8K re: election of John J. Brennan to Board of Dirs.
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


Goldman Sachs GS:
5/29/14 8K re: tender offer for debt securities.
5/19/14 8K re: shareholder meeting voting results
5/19/14 10Q  re: 1 Qtr results ended 3/31
4/21/14 Proxy material re: governance and practices
4/28/14 8K re: amend cert. of incorp. re: series L Preferred rights
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


Home Depot HD:
5/28/14 10Q & 5/20/14 8K re: 1 Qtr results
5/28/14 8K re: voting results from Shareholder Meeting
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


Intel INTC:
5/28/14 8K re: voting results from Stockholder Mtg
4/25/14 10Q for 1 Qtr ended 3/29
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


IBM:
5/14/14  2 8Ks re: FD disclosures re: investors' meeting
5/2/14 8K re: voting results from Stockholder Mtg
4/29/14 10Q for 1 Qtr. ended 3/31
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


JPMorganChase JPM:
5/22/14 8K re: Voting results from Shareholder Mtg.
5/13/14 8K re: Offering of notes
4/22/14 Proxy information
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


Johnson & Johnson JNJ:
5/2/14 10Q for 1 Qtr ended 3/30
4/25/14 8K re: voting results of shareholder meeting
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



McDonald's MCD:
5/28/14 8K re: Voting results of Shareholder Mtg
5/27/14 8K re: retirement of Timothy Fenton
5/8/14 8K re: April sales
5/6/14 10Q & 4/222/14 8K re: 1 Qtr ended 3/31 results
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


Merck MRK:
5/29/14 8K re: voting results of Shareholder Mtg
5/8/14 10Q & 4/29/14 8K re: 1 Qtr ended 3/31
5/6/14 8K re: FD re: Investor briefing
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

Microsoft MSFT:
4/24/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31 results
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


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:
5/27/14; 5/20/14; 5/13/14; 5/2/14  & 4/28/14 8Ks all with respect to bid for and withdrawal of bid for AstraZeneca
5/19/14 8K re: offering of floating rate notes
5/15/14 8K re: public offering of notes
5/8/14 10Q & 5/5/14 8K re: 1 Qtr ended 3/30 results
4/28/14 8K re: Voting results of Shareholder Meeting
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


Procter & Gamble PG:
4/23/14 10Q & 2 8Ks re 1 Qtr ended 3/31 results
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


3M MMM:
5/16/14 8K re: sale of notes
5/15/14 8K re: transfer of product lines between divisions
5/14/14 8K re: results of votes of Stockholders
5/1/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31
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


Travelers TRV:
4/22/14 10 Q & 8K re: 1 Qtr ended 3/31 results
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


United Technologies UTX:
5/2/14 8K amendment of Long Term Incentive Plan
4/25/14 10Q & 4/22/14 8K re: 1 Qtr ended 3/31 results
4/8/14 Proxy re: add'l info
3/14/14 Proxy - Shareholder Meeting 4/28 2 pm Ritz-Carlton, Charlotte, NC


UnitedHealth Group UNH:
5/23/14 8K re: investor presentation
5/6/14 10 Q & 4/17/14 8K re: 1Q ended 3/31results
4/23/14 2 proxy filings for Annual Meeting of Shareholders on 6/2/14 at 10 am at Anthony Marton Aud. in Las Vegas
3/7/14 8K re: presentation at Barclays Global Healthcare Conf. Miami 3/11


Verizon Communications Inc. VZ:
5/29/14 8K re: exchange offer of notes
5/6/14 8K re: technical amendment to Bylaws
4/29/14 10Q & 4/24/14 8K re: 1 Qtr results ended 3/31
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


Visa V:
4/24/14 10Q & 8K re: 2 Qtr ended 3/31/14 results
4/23/14 8K re: quarterly cash dividend of 40 cents per share
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

WalMart WMT:
5/29/14 & 4 filings  on 4/23/14 Proxy Materials re: 6/6/14 Annual Shareholder Meeting at 7 am at Bud Walton Arena, Fayetteville, Ark
5/15/14 8K re: 1 Qtr results
4/21/14 8K re: sale of notes
4/7 8K re: issuance of euro Notes due '22
3/21/14 10K for FY ended 1/31/14

NO MAS, AMIGOS

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