by Dan Kolber
Post No. 2,762 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.
The Dow Jones Industrial Average closed Thursday at 16563.30 down 317.06 or 1.88% from Wednesday's close of 16880.36. Of the Dow components all 30 declined. The biggest decliner dollar-wise and percentage-wise was ExxonMobil down $.31 or 4.17%.
As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.15571590501117. Thursday's trailing P/E ratio is 16.17 down from Wednesday's trailing P/E ratio of 16.32 (last year it was 16.68). Thursday's P/E estimate is 15.13 unchanged from Wednesday's P/E estimate of 15.13 (year ago it was 13.90) and Thursday's dividend yield is 2.17 up from Wednesday's dividend yield of 2.16 (last year it was 2.37). The Dow's all-time high was 17113.54 on July 2, 2014. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Thursday's Dow Jones Industrial Average numerator is 2579.17 down from Wednesday's numerator of 2628.54. 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 Thursday's Dow Jones Industrial Average was $85.97 down $1.65 cents from Wednesday's average closing price of $87.62. The median closing price of Thursday's Dow Jones Industrial Average was $80.95 (HD/UNH) down $1.49 from Wednesday's median closing price of $82.41 (HD/UNH). The lowest volume was Travelers and the highest volume was Pfizer.
If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost $4,940 ($262,854 - 257,914).
7/31/14 Thursday 4:25 pm MarketWatch by Anora Mahumudova & Carla Mozee says The Dow Jones Industrial Average skidded more than 300 points Thursday in its biggest one-day drop in six months, as a combination of earnings, economic news and a default by Argentina triggered a broad selloff.
Investors weighed the implications of robust economic growth and signs of rising wage inflation on Federal Reserve policy ahead of the key monthly jobs report on Friday.
The day’s losses mean both the S&P 500 and Dow industrials suffered their first monthly decline since January.
The S&P 500 SPX -2.00% fell 39.40 points, or 2%, to 1,930.67, its steepest one-day percentage drop since April, and lost 1.5% over July. All 10 main sectors dropped more than 1.5% on Thursday, as the energy and telecom sector stocks lead losses.
The Dow Jones Industrial Average /DJIA -1.88% dropped 316.99 points, or 1.9%, to 16,563.37, its worst showing on both counts since Feb. 3. It finished the month 1.6% lower and its performance for 2014 turned negative.
The Nasdaq Composite COMP -2.09% lost 93.13 points, or 2.1%, to 4,369.77 and fell 0.7% over July.
The implied volatility on the S&P 500, as measured by the CBOE Vix index and dubbed “Wall Street’s fear gauge”, jumped 27% to 17.
Kim Caughey Forrest, investment analyst at Fort Pitt Capital, said there was no single reason that should warrant such a selloff, making the drop more difficult to explain. “At the same time, we were surprised to see markets go up in light of all of the uncertainty and geopolitical tensions. Perhaps, investors finally caught up with some of the news,” Forrest added.
Kristina Hooper, U.S. investment strategist at Allianz Global Investors, said investors are still assessing stronger-than-expected economic growth in the second quarter as well as the Fed’s policy statement, both issued on Wednesday, and are nervous ahead of Friday’s jobs report.
“Markets love certainty and right now there is too much uncertainty about the Fed’s trigger points for raising rates. Instead of looking at one number, such as the unemployment rate, the Fed is looking at a mosaic of data points. Investors are unsure what the Fed would consider a tolerable level of higher inflation,” she said.
On Thursday, weekly jobless claims rose slightly less than expected a week after hitting a 14-year low. However the employment cost index rose due to a larger-than-expected increase in wages. Many analysts watch for wage inflation as a precursor to inflation.
Investors continued to focus on company earnings and it appeared that beating consensus estimate by a small amount did not impress them. Also in the spotlight was Argentina. Standard & Poor’s Ratings Services declared the country in selective default after talks aimed at a settlement between Argentina and holdout creditors fell apart late Wednesday.
Among individual stocks, Yelp Inc.YELP +0.02% plunged 11% as investors focused on a slowdown in growth in Yelp’s local-based advertisers.
Yum Brands Inc. YUM -4.93% shares skidded 4.9% after the company said illegal activities involving a Chinese supplier have significantly hurt sales over the last couple of weeks.
Shares in Synchrony FinancialSYF -0.13% fell 1% after a giant initial public offering was priced at $23, near the low end of expectations.
In the commodities market, crude-oil futures CLU4 -2.24% fell below $100 a barrel on bearish U.S. inventory data, while gold futures GCQ4 -0.95% turned lower.
European stocksXX:SXXP -1.31% fell, and Asian equities closed mixed, with Japan’s Nikkei Average JP:NIK -0.16% ending down by 0.2%.
Thursday's Closing Dow Numbers:
*********************
The following are excerpts from Thurs. morning's Blog:
Investors weighed the implications of robust economic growth and signs of rising wage inflation on Federal Reserve policy ahead of the key monthly jobs report on Friday.
The day’s losses mean both the S&P 500 and Dow industrials suffered their first monthly decline since January.
The S&P 500 SPX -2.00% fell 39.40 points, or 2%, to 1,930.67, its steepest one-day percentage drop since April, and lost 1.5% over July. All 10 main sectors dropped more than 1.5% on Thursday, as the energy and telecom sector stocks lead losses.
The Dow Jones Industrial Average /DJIA -1.88% dropped 316.99 points, or 1.9%, to 16,563.37, its worst showing on both counts since Feb. 3. It finished the month 1.6% lower and its performance for 2014 turned negative.
The Nasdaq Composite COMP -2.09% lost 93.13 points, or 2.1%, to 4,369.77 and fell 0.7% over July.
The implied volatility on the S&P 500, as measured by the CBOE Vix index and dubbed “Wall Street’s fear gauge”, jumped 27% to 17.
Kim Caughey Forrest, investment analyst at Fort Pitt Capital, said there was no single reason that should warrant such a selloff, making the drop more difficult to explain. “At the same time, we were surprised to see markets go up in light of all of the uncertainty and geopolitical tensions. Perhaps, investors finally caught up with some of the news,” Forrest added.
Kristina Hooper, U.S. investment strategist at Allianz Global Investors, said investors are still assessing stronger-than-expected economic growth in the second quarter as well as the Fed’s policy statement, both issued on Wednesday, and are nervous ahead of Friday’s jobs report.
“Markets love certainty and right now there is too much uncertainty about the Fed’s trigger points for raising rates. Instead of looking at one number, such as the unemployment rate, the Fed is looking at a mosaic of data points. Investors are unsure what the Fed would consider a tolerable level of higher inflation,” she said.
On Thursday, weekly jobless claims rose slightly less than expected a week after hitting a 14-year low. However the employment cost index rose due to a larger-than-expected increase in wages. Many analysts watch for wage inflation as a precursor to inflation.
Investors continued to focus on company earnings and it appeared that beating consensus estimate by a small amount did not impress them. Also in the spotlight was Argentina. Standard & Poor’s Ratings Services declared the country in selective default after talks aimed at a settlement between Argentina and holdout creditors fell apart late Wednesday.
Among individual stocks, Yelp Inc.YELP +0.02% plunged 11% as investors focused on a slowdown in growth in Yelp’s local-based advertisers.
Yum Brands Inc. YUM -4.93% shares skidded 4.9% after the company said illegal activities involving a Chinese supplier have significantly hurt sales over the last couple of weeks.
Shares in Synchrony FinancialSYF -0.13% fell 1% after a giant initial public offering was priced at $23, near the low end of expectations.
In the commodities market, crude-oil futures CLU4 -2.24% fell below $100 a barrel on bearish U.S. inventory data, while gold futures GCQ4 -0.95% turned lower.
European stocksXX:SXXP -1.31% fell, and Asian equities closed mixed, with Japan’s Nikkei Average JP:NIK -0.16% ending down by 0.2%.
Thursday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | ▼ | NYSE | |||
| AXP | ▼ | NYSE | |||
| BA | ▼ | NYSE | |||
| CAT | ▼ | NYSE | |||
| CVX | ▼ | NYSE | |||
| CSCO | ▼ | NASDAQ-GS | |||
| KO | ▼ | NYSE | |||
| DIS | ▼ | NYSE | |||
| DD | ▼ | NYSE | |||
| XOM | ▼ | NYSE | |||
| GE | ▼ | NYSE | |||
| GS | ▼ | NYSE | |||
| HD | ▼ | NYSE | |||
| INTC | ▼ | NASDAQ-GS | |||
| IBM | ▼ | NYSE | |||
| JPM | ▼ | NYSE | |||
| JNJ | ▼ | NYSE | |||
| MCD | ▼ | NYSE | |||
| MRK | ▼ | NYSE | |||
| MSFT | ▼ | NASDAQ-GS | |||
| NKE | ▼ | NYSE | |||
| PFE | ▼ | NYSE | |||
| PG | ▼ | NYSE | |||
| MMM | ▼ | NYSE | |||
| TRV | ▼ | NYSE | |||
| UTX | ▼ | NYSE | |||
| UNH | ▼ | NYSE | |||
| VZ | ▼ | DualListed | |||
| V | ▼ | NYSE | |||
| WMT | ▼ | NYSE |
The following are excerpts from Thurs. morning's Blog:
A read of the print editions of Thursday's Wall Street Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal & Constitution and Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Wednesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 16880.36 down 31.75 or 0.19% from Tuesday's close of 16912.11. For the year the Dow is up 1.8%. Of the Dow components 11 gained and 19 declined. The biggest gainer dollar-wise and percentage-wise was Nike up $1.51 or 0.19%. The biggest decliner dollar-wise was UnitedHealth down $1.32 and percentage-wise was Coke down 1.81 %.
WSJ pC4 "Stocks stall as reports digested" by Alexandra Scaggs says US stocks ended little changed with investors finding little reason to make big moves despite better than expected news and the latest Fed decision.
IBD pB2 "Fed cuts buys, stocks up but accumulation still thin" by David Saito-Chung says Wednesday's action saw Nasdaq pacing small gains in mixed vol while the current outlook is uptrend under pressure.
NYT pB4 "Market flat despite mostly good news" & AJC pA13 "Nasdaq climbs but Dow dips" by AP says US stocks closed mixed after the Fed said the economy was strengthening enough for it to continue cutting stimulus.
FT p19 "Wall Street" by Eric Platt says US equity markets declined moderated.
Wednesday's Dow Jones Industrial Average numerator is 2628.54 down 4.94 from Tuesday's numerator of 2633.48. 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 $87.62down 16 cents from Tuesday's average closing price of $87.78. The median closing price of Wednesday's Dow Jones Industrial Average was $82.41 (HD/UNH) up 38 cents from Tuesday's median closing price of $82.13 (HD/UNH). The lowest volume was Travelers and the highest volume was Pfizer.
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 lost $494 ($263,348 - $262,854).
7/30/14 Wednesday 4:18 pm MarketWatch by Anora Mahumudova & Victor Reklaitis says U.S. stocks finished a choppy session slightly higher, as the Federal Reserve appeared to soothe fears that it might start raising interest rates sooner than anticipated.
The Fed on Wednesday said the economy is improving but emphasized that significant slack remains in the labor market. The central bank gave no hint of timing of the first rate hike and repeated that it expects that to come a “considerable time” after the end of its bond-buying program.
The S&P 500 SPX +0.01% closed up less than a point at 1,970.08. The Dow Jones Industrial AverageDJIA -0.19% finished off session lows, but with a loss of 31.75 points, or 0.2% to 16,880.36.
The Nasdaq Composite COMP +0.46% added 20.20 points, or 0.5%, to 4,462.90 as tech stocks took their cue from New York Stock Exchange-listed Twitter Inc., which soared on stellar results.
Karyn Cavanaugh, senior market strategist at Voya Investment Management, said stronger-than-expected ecpnomic growth in the second quarter, announced ahead of the opening bell, confirmed that the contraction in the first quarter was a fluke.
“The economy is growing, we are adding jobs, consumer confidence is better and even the housing market, despite what other people say is growing, albeit at a slower pace. In this economic environment companies are able to grow their earnings even more, which bodes well for markets,” Cavanaugh said.
The U.S. economy sprang back to life in second quarter and expanded at the fastest pace since last fall, fueled by a upturn in consumer spending on big-ticket items such as cars and trucks as well as a sharp rebound in business investment. Separately, private-sector hiring slowed down slightly in July but remained healthy and broad-based.
But investors initially sold stocks on fear that the stronger economy could mean the Fed will raise rates sooner.
Tech stocks shone amid a buying frenzy in Twitter TWTR -0.28% after the social media network’s results blew past forecasts. Its shares leapt 22% as analysts moved up price targets in the wake of blowout results .
But Humana HUM -5.63% shares fell 5.6% after the health care insurer’s profit came in slightly short of expectations, but sales beat forecasts. European stocks XX:SXXP -0.54% closed mostly lower, while Hong Kong stocks rose for a seventh straight session.
The Russia MICEX index of blue-chips surged more than 2% on Wednesday, which one analyst said is because the new sanctions don’t affect the country’s key gas sector. Some strategists maintain, though, that Russia stocks remain a tricky bet in wake of those sanctions.
In other markets, crude oil CLU4 -1.35% and goldGCQ4 -0.19% both lost ground. The ICE U.S. dollar index, a measure of the greenback’s performance against six other currencies, was at 81.4220 Wednesday, up from 81.2140 Tuesday.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pB6 "Sprint tries a $12 plan that is Facebook only" by Ryan Knutson, Reed Albergotti says earlier this year AT&T created a program allowing firms to foot the bill for data used by their customers on mobile apps. Sprint's new plan is only available at Walmart.
IBD pA4 "Sprint still losing subscribers, but posts first profit in years" by Reinhardt Krause says Verizon added 270,000 postpaid mobile phone subscribers & 1.15 mil tablet users in the June quarter while ATT added 707,000 smart phone subscribers & 366,000 tablet users.
American Express: No mentions found.
Boeing: WSJ pB3 "New Dreamliner to be built at Nonunion plant" by Jon Ostrower, AJC pA12 "SC will handle final assembly of 787-10", NYT pB8 "Boeing to build biggest 77 in the South" by Christopher Drew say a new version of the 787 will be built at its nonunion factory.
Caterpillar: No mentions found.
Chevron: WSJ pC1 "Exxon Mobil begins to sputter" by Spencer Jakab says Exxon's five year average return on invested capital is 21.7% while Chevron's is 16.4%.
Cisco: No mentions found.
Coke: WSJ pB1 "For Coke in US, no opportunity is too small" by Mike Esterl, Joann S. Lublin says global soda sales growth is slowing for a 3rd straight year as Coke missed overall growth targets in '13.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pC1 "Exxon Mobil begins to sputter" by Spencer Jakab says Exxon's five year average return on invested capital is 21.7% while Chevron's is 16.4%.
GE: No mentions found.
Goldman Sachs: WSJ pC8 "overheard" says Goldman Sachs and JPMorgan trail BofA with the highest regulatory costs.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC8 "overheard" says Goldman Sachs and JPMorgan trail BofA with the highest regulatory costs.
Johnson & Johnson: WSJ pA1 "J&J pulls women's surgical device" by Jon Kamp, Jennifer Levitz says Joyhnson & Johnson is withdrawing a surgical tool that can spread cancer in women. J&J's Ethicon division sells the device.
IBD pB9 "Merck provides healthy income" by Nancy Gondo says last month Merck said it's buying Idenix which would give it 3 hepatitis C drugs in development. Only Johnson & Johnson reported 2Q results that beat views in addition to Merck.
McDonald's: NYT pB1 "Labor ruling bewilders franchisers" by Steven Greenhouse discusses the impact of the NLRB ruling that workers of franchisees may be employees of the franchsiros.
Merck: IBD pB9 "Merck provides healthy income" by Nancy Gondo says last month Merck said it's buying Idenix which would give it 3 hepatitis C drugs in development. Only Johnson & Johnson reported 2Q results that beat views in addition to Merck.
Microsoft: FT p13 "China Microsoft raid marks a low" by Charles Clover discusses ther ecent investigation by China of Microsoft.
Nike: No mentions found.
Pfizer: WSJ pB4 "Pfizer Baxter sheds vaccines in $635 mil pact" by Anna Prior says Pfizer will buy Baxter's marketed vaccines for $635 mil.
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 "Sprint still losing subscribers, but posts first profit in years" by Reinhardt Krause says Verizon added 270,000 postpaid mobile phone subscribers & 1.15 mil tablet users in the June quarter while ATT added 707,000 smart phone subscribers & 366,000 tablet users.
Visa: No mentions found.
Walmart: WSJ pB6 "Sprint tries a $12 plan that is Facebook only" by Ryan Knutson, Reed Albergotti says earlier this year AT&T created a program allowing firms to foot the bill for data used by their customers on mobile apps. Sprint's new plan is only available at Walmart.
Wednesday's Closing Dow Numbers:
*************************
Here are the current CEOs of the Dow 30 Companies:The Fed on Wednesday said the economy is improving but emphasized that significant slack remains in the labor market. The central bank gave no hint of timing of the first rate hike and repeated that it expects that to come a “considerable time” after the end of its bond-buying program.
The S&P 500 SPX +0.01% closed up less than a point at 1,970.08. The Dow Jones Industrial AverageDJIA -0.19% finished off session lows, but with a loss of 31.75 points, or 0.2% to 16,880.36.
The Nasdaq Composite COMP +0.46% added 20.20 points, or 0.5%, to 4,462.90 as tech stocks took their cue from New York Stock Exchange-listed Twitter Inc., which soared on stellar results.
Karyn Cavanaugh, senior market strategist at Voya Investment Management, said stronger-than-expected ecpnomic growth in the second quarter, announced ahead of the opening bell, confirmed that the contraction in the first quarter was a fluke.
“The economy is growing, we are adding jobs, consumer confidence is better and even the housing market, despite what other people say is growing, albeit at a slower pace. In this economic environment companies are able to grow their earnings even more, which bodes well for markets,” Cavanaugh said.
The U.S. economy sprang back to life in second quarter and expanded at the fastest pace since last fall, fueled by a upturn in consumer spending on big-ticket items such as cars and trucks as well as a sharp rebound in business investment. Separately, private-sector hiring slowed down slightly in July but remained healthy and broad-based.
But investors initially sold stocks on fear that the stronger economy could mean the Fed will raise rates sooner.
Tech stocks shone amid a buying frenzy in Twitter TWTR -0.28% after the social media network’s results blew past forecasts. Its shares leapt 22% as analysts moved up price targets in the wake of blowout results .
Twitter Inc. posted strong results across the board in the second quarter on Tuesday, reversing its fortunes from three months earlier, when it sparked concerns that its popularity had peaked.
Among other stocks, Edwards Lifesciences Corp.EW +10.00% jumped 10% on strong second-quarter earnings. But Humana HUM -5.63% shares fell 5.6% after the health care insurer’s profit came in slightly short of expectations, but sales beat forecasts. European stocks XX:SXXP -0.54% closed mostly lower, while Hong Kong stocks rose for a seventh straight session.
The Russia MICEX index of blue-chips surged more than 2% on Wednesday, which one analyst said is because the new sanctions don’t affect the country’s key gas sector. Some strategists maintain, though, that Russia stocks remain a tricky bet in wake of those sanctions.
In other markets, crude oil CLU4 -1.35% and goldGCQ4 -0.19% both lost ground. The ICE U.S. dollar index, a measure of the greenback’s performance against six other currencies, was at 81.4220 Wednesday, up from 81.2140 Tuesday.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pB6 "Sprint tries a $12 plan that is Facebook only" by Ryan Knutson, Reed Albergotti says earlier this year AT&T created a program allowing firms to foot the bill for data used by their customers on mobile apps. Sprint's new plan is only available at Walmart.
IBD pA4 "Sprint still losing subscribers, but posts first profit in years" by Reinhardt Krause says Verizon added 270,000 postpaid mobile phone subscribers & 1.15 mil tablet users in the June quarter while ATT added 707,000 smart phone subscribers & 366,000 tablet users.
American Express: No mentions found.
Boeing: WSJ pB3 "New Dreamliner to be built at Nonunion plant" by Jon Ostrower, AJC pA12 "SC will handle final assembly of 787-10", NYT pB8 "Boeing to build biggest 77 in the South" by Christopher Drew say a new version of the 787 will be built at its nonunion factory.
Caterpillar: No mentions found.
Chevron: WSJ pC1 "Exxon Mobil begins to sputter" by Spencer Jakab says Exxon's five year average return on invested capital is 21.7% while Chevron's is 16.4%.
Cisco: No mentions found.
Coke: WSJ pB1 "For Coke in US, no opportunity is too small" by Mike Esterl, Joann S. Lublin says global soda sales growth is slowing for a 3rd straight year as Coke missed overall growth targets in '13.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pC1 "Exxon Mobil begins to sputter" by Spencer Jakab says Exxon's five year average return on invested capital is 21.7% while Chevron's is 16.4%.
GE: No mentions found.
Goldman Sachs: WSJ pC8 "overheard" says Goldman Sachs and JPMorgan trail BofA with the highest regulatory costs.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC8 "overheard" says Goldman Sachs and JPMorgan trail BofA with the highest regulatory costs.
Johnson & Johnson: WSJ pA1 "J&J pulls women's surgical device" by Jon Kamp, Jennifer Levitz says Joyhnson & Johnson is withdrawing a surgical tool that can spread cancer in women. J&J's Ethicon division sells the device.
IBD pB9 "Merck provides healthy income" by Nancy Gondo says last month Merck said it's buying Idenix which would give it 3 hepatitis C drugs in development. Only Johnson & Johnson reported 2Q results that beat views in addition to Merck.
McDonald's: NYT pB1 "Labor ruling bewilders franchisers" by Steven Greenhouse discusses the impact of the NLRB ruling that workers of franchisees may be employees of the franchsiros.
Merck: IBD pB9 "Merck provides healthy income" by Nancy Gondo says last month Merck said it's buying Idenix which would give it 3 hepatitis C drugs in development. Only Johnson & Johnson reported 2Q results that beat views in addition to Merck.
Microsoft: FT p13 "China Microsoft raid marks a low" by Charles Clover discusses ther ecent investigation by China of Microsoft.
Nike: No mentions found.
Pfizer: WSJ pB4 "Pfizer Baxter sheds vaccines in $635 mil pact" by Anna Prior says Pfizer will buy Baxter's marketed vaccines for $635 mil.
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 "Sprint still losing subscribers, but posts first profit in years" by Reinhardt Krause says Verizon added 270,000 postpaid mobile phone subscribers & 1.15 mil tablet users in the June quarter while ATT added 707,000 smart phone subscribers & 366,000 tablet users.
Visa: No mentions found.
Walmart: WSJ pB6 "Sprint tries a $12 plan that is Facebook only" by Ryan Knutson, Reed Albergotti says earlier this year AT&T created a program allowing firms to foot the bill for data used by their customers on mobile apps. Sprint's new plan is only available at Walmart.
Wednesday'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 |
*************************
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 close of business 7/3/14 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $440.65
2. Microsoft MSFT 345.29
3. Johnson & Johnson JNJ 298.24
4. GE 269.35
5. Chevron CVX 249.74
6. WalMart WMT 244.19
7. Procter & Gamble PG 216.42
8. JPMorgan Chase JPM 215.89
9. Verizon VZ 205.86
10. Pfizer PFE 194.74
11. IBM 190.83
12. AT&T T 186.01
13. Coke KO 185.61
14. Merck MRK 173
15. Intel INTC 155.01
16. Disney DIS 150.39
17. Visa V 136.02
18. Cisco CSCO 129.04
19. Home Depot HD 112.21
20. United Technologies UTX 105.91
21. American Express AXP 101.59
22. McDonald's MCD 99.81
23. 3M MMM 95.14
24. Boeing BA 93.71
25. UnitedHealth UNH 81.67
26. Goldman Sachs GS 78.76
27. Caterpillar CAT 69.34
28. Nike NKE 68.54
29. DuPont DD 60.43
30. Travelers TRV 32.95
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 7/3/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T:
6/30/14 8K re: increase Board of Dirs from 13 to 14 and election of Glenn H., Hutchins to Board
6/27/14 8K re: sale of its shares of America Movil for $5.5 bil
6/27/14 8K re: securitization facility between New Cingular subsidiary & Citibank
6/11/14 8K sale of 2.4% Global Notes due 2024
6/10/14 8K sale of $2 bil of 4.8% Global Notes due 2044
6/3/14 8K re: notice of redemption of 4 classes of notes
6/3/14 8K re: Reg. FD disclosure re: proposed acquisition of DirecTV
6/3/14 8K re: update on network transformation, 2Q trends & full year '14 guidance
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
American Express AXP:
6/30/14 8K re: 50% jv with Certares for global business travel
6/23/14 8K re: appointment of Laureen E. Seeger as general Counsel
6/16/14 8K re: delinq. & write-off stats for 3 mos ended 5/31/14
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
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:
6/19/14 8K re: 3 mos. retail sales stats.
6/12/14 8K re: stockholder approval of '14 long term incentive plan & exec. short term incentive plan
6/11 8K re: increase of quarterly dividend by 17% to 70 cents per share payable 8/20 to record holders on 7/21
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
Chevron CVX:
6/3/14 8K re: voting results of annual stockholder meeting
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
Cisco CSCO:
6/25/14 8K re: adoption of pre-arranged stock trading plan by executive
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.
Disney DIS:
6/27/14 8K re: amendment to By-laws re: calling of shareholder meeting
6/2/14 8K re: sale of global notes
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:
6/26/14 8K re: lower earnings outlook for 2Q & 2014
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:
6/2/14 8K re: voting results of annual meeting of shareholders
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:
6/4/14 8K re: sale of $900 mil of floating notes
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
Home Depot HD:
6/12/14 8K re: completion of offering of senior notes
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:
6/27/14 8K re: executive changes
6/23/14 8K re: election of Aneel Bhusri to Board of Director
6/12/14 8K re: raises of 2Q & full year revenue and gross margin expectations
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:
6/2/14 8K re: completion of SEC investigation re: reporting of cloud rev with no action taken
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
JPMorganChase JPM:
7/2/14 8K re: CEO Jamie Dimon having throat cancer
7/1/14 8K re: reduction of warrant exercise price
6/23/14 & 6/9/14 8Ks (2) re: modification of rights of holders of preferred shares
6/11/14 8K re: Reg FD disclosure re: investor presentation
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
Johnson & Johnson JNJ:
6/30/14 8K re: complete sale of Ortho-clinical Diagnostics to Carlyle Group
6/19/14 8K re: election of UPS CEO D. Scott Davis to Board of Directors
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
McDonald's MCD:
6/10/14 8K re: global comparable sales for May
6/9/14 8K re: sale of $500 mil of notes
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
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
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:
6/30/14 8K re: Reg. FD disclosure re: 4Q conference call
6/26/14 8K re: 4Q & full year 2014 results
6/23/14 8K re: election of John Donahoe to Board of Directors
4/7/14 10Q & 3/25/14 & 3/20/14 8Ks re: Year ended 2/28/14
Pfizer PFE:
6/26/14 8K re: election of James C. Smith to Board of Directors
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
Procter & Gamble PG:
6/25/14 8K re: exec changes
6/11/14 8K re: sale of pet care business
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:
6/9/14 8Ks (2) re: executive changes
6/4/14 8K re: sale of notes
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.
Travelers TRV:
6/2/14 8K re: approval of 2014 stock incentive plan
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.
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
UnitedHealth Group UNH:
6/6/14 8K re: results of annual meeting of shareholders
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
Verizon Communications Inc. VZ:
6/26/14; 6/12/14; 6/11/14; & 6/2/14 8Ks (4) results of exchange offer
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
Visa V:
6/3/14 8K re: retirement of CFO Byron H. Pollitt, Jr.
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:
6/10/14 8K re: results of annual meeting of shareholder
6/6/14 10Q for quarter ended 4/30/14
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
FINAL
