Post No. 2,741 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 7/3/14 and a summary of recent Dow 30 components' SEC filings as of 7/3/14.
The Dow Jones Industrial Average closed Thursday at 16976.81 down 161.39 or 0.94% from Wednesday's close of 17138.20. Of the Dow components 2 gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was UnitedHealth up $1.36 or 1.62%. The biggest decliner dollar-wise was Verizon down $4.77 and percentage-wise was Intel down 2.74%.
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 16.70 up from Wednesday's trailing P/E ratio of 16.64 (last year it was 16.73). Thursday's P/E estimate is 15.13 up from Wednesday's P/E estimate of 15.12 (year ago it was 13.55) and Thursday's dividend yield is 2.14 down from Wednesday's dividend yield of 2.15 (last year it was 2.37). The Dow's all-time high was 17068.26 on July 3, 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 2643.56 down 25.13 from Wednesday's numerator of 2668.69. 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 $88.12 down 84 cents from Wednesday's average closing price of $88.96. The median closing price of Thursday's Dow Jones Industrial Average was $82.71 (PG/DIS) up 36 cents from Wednesday's median closing price of $82.35 (PG/UNH). The lowest volume was Travelers and the highest volume was Intel.
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 $2,513 ($266,869 - $264,356).
7/17/14 Thursday 4:04 pm MarketWatch by Anora Mahumudova & Victor Reklaitis says U.S. stocks ended sharply lower Thursday as selling took hold after a Malaysia Airlines jet crashed near the Ukraine-Russia border.
Investors turned to assets perceived as havens, such as U.S. Treasurys and gold, pushing their prices sharply higher.
SPX 1,958.12, -23.45, -1.18%
The S&P 500 SPX -1.18% closed down 23.45 points, or 1.2%, to 1,958.12, its biggest one-day drop since April 10. The Dow Jones Industrial Average DJIA -0.94% dropped 161.39 points, or 0.9%, to 16,976.81, its biggest one-day point decline since May 15.
The Nasdaq Composite COMP -1.41% ended the day down 62.52 points, or 1.4%, at 4,363.45.
Geopolitical risks intensified after news that a Ukrainian fighter jet was shot down by missiles from a Russian plane. Then came reports that a Malaysia Airlines plane had crashed in Ukraine.
Those developments came after the U.S. unveiled a new round of sanctions against Russia, and the European Union said it would detail new sanctions against Russia by the end of this month. European stocks XX:SXXP -0.94% fell sharply on Thursday.
“Today’s selloff makes sense given that there’s been a concern among investors in the last few months that the U.S. could become more closely intertwined in the conflict between Ukraine and Russia,” said Kristina Hooper, U.S. investment strategist at Allianz Global Investors. She said there are “so many question marks right now” about the news from Ukraine, and it likely will take a few days for investors to process the implications.
“Those investors who have a longer-term time horizon shouldn’t be selling,” Hooper added.
Earlier, the market digested a mixed bag of earnings reports and economic data. Reports on weekly jobless claims and manufacturing activity in the Philadelphia area came in better than expected. But construction on new U.S. homes was far weaker than expected, tumbling to the slowest pace in nine months.
In corporate news, Microsoft Corp. MSFT +0.14% shares rallied 1% after the tech company said it would cut 18,000 jobs over the next year in a bid to simplify operations and integrate its Nokia Devices and Services business. It also said it would take a restructuring charge between $1.1 billion and $1.6 billion over the next year.
SanDisk SNDK +0.13% shares sank 14% after the flash-memory maker’s third-quarter revenue forecast was lighter than anticipated. Read more about the day’s notable movers here.
After trading closes Thursday, GoogleGOOG +2.40% is expected to post earnings of $6.25 a share on revenue of $12.3 billion. Shares were down 1.7%.
Thursday's Closing Dow Numbers:
********************
The following are excerpts from Thursday morning's Blog:
Investors turned to assets perceived as havens, such as U.S. Treasurys and gold, pushing their prices sharply higher.
SPX 1,958.12, -23.45, -1.18%
S&P 500 slides on Thursday
1,980
1,970
The Nasdaq Composite COMP -1.41% ended the day down 62.52 points, or 1.4%, at 4,363.45.
Geopolitical risks intensified after news that a Ukrainian fighter jet was shot down by missiles from a Russian plane. Then came reports that a Malaysia Airlines plane had crashed in Ukraine.
Those developments came after the U.S. unveiled a new round of sanctions against Russia, and the European Union said it would detail new sanctions against Russia by the end of this month. European stocks XX:SXXP -0.94% fell sharply on Thursday.
“Today’s selloff makes sense given that there’s been a concern among investors in the last few months that the U.S. could become more closely intertwined in the conflict between Ukraine and Russia,” said Kristina Hooper, U.S. investment strategist at Allianz Global Investors. She said there are “so many question marks right now” about the news from Ukraine, and it likely will take a few days for investors to process the implications.
“Those investors who have a longer-term time horizon shouldn’t be selling,” Hooper added.
Earlier, the market digested a mixed bag of earnings reports and economic data. Reports on weekly jobless claims and manufacturing activity in the Philadelphia area came in better than expected. But construction on new U.S. homes was far weaker than expected, tumbling to the slowest pace in nine months.
In corporate news, Microsoft Corp. MSFT +0.14% shares rallied 1% after the tech company said it would cut 18,000 jobs over the next year in a bid to simplify operations and integrate its Nokia Devices and Services business. It also said it would take a restructuring charge between $1.1 billion and $1.6 billion over the next year.
Australia has repealed pro-environment carbon laws that put a price on greenhouse gas emissions, the first time a developed nation has made such a U-turn.
Mattel MAT -6.68% shares fell 6.6% as quarterly earnings were dragged lower by muted sales of Barbie dolls. SanDisk SNDK +0.13% shares sank 14% after the flash-memory maker’s third-quarter revenue forecast was lighter than anticipated. Read more about the day’s notable movers here.
After trading closes Thursday, GoogleGOOG +2.40% is expected to post earnings of $6.25 a share on revenue of $12.3 billion. Shares were down 1.7%.
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 Thursday 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 & 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 17138.20 up 77.52 or 0.45% from Tuesday's close of 17060.68. For the year the Dow is up 3.4%. Of the Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was Intel up $2.94 or 9.27%. The biggest decliner dollar-wise and percentage-wise was Boeing down $1.68 and Nike down 1.42%.
WSJ pC1 "Small stocks sit out a rally" by Alexandra Scaggs says the Dow rallied to another record close due to upbeat corp news and confidence the Fed will keep interest rates low. Intel led the Dow higher gaining $2.9 after reporting better thane expected earnings and that it would add $20 bil to its share buyback plan. Intel is charted under Good News.
IBD pb2 "S&P 500, Dow transports lead gains; IBD 50 slumps" by David saito-Chung says the key stock averages notched modest gains Wed and the Dow marked an all time high as Wed's action saw indexes up in higher trade and the current outlook is uptrend under pressure. Intel soared 9% .
FT p21 "Wall Street" by Eric Platt says Intel rose 7% after it reported revenues climbed to $13.8bn from $12.8bn in the same quarter a year earlier, helped by corp demand for traditional PCs.
USAT p1B "Dow closes at record, yet again" by Adam Shell says boosted by a 9% gain for Intel, the Dow notched its 15th record close of the year.
NYT pB10 "merger possibilities and earnings inspire the markets" by Reuters says the Dow closed at a new high as investors were encouraged by the latest merger news and some strong corp earnings. Intel climbed 9.3% after its 2Q results topped estimates. IBM and Apple's partnership lifted the market, too.
AJC pA11 "Another record for Dow" by AP says major stock indexes rebounded Wed, finishing higher for the 3rd time in 4 days & lifting the Dow to its 2nd record close this month. Investors drove Time Warner's stock up on news that Twenty-First Century Fox made a takeover bid. Other deals involving Apple and IBM lifted the market. Intel's strong 2Q earnings Tues and news that Apple & IBM are teaming up to sell more iPhones & iPads to corp customers lifted the market.
Wednesday's Dow Jones Industrial Average numerator is 2668.69 up 12.81 from Tuesday's numerator of 2655.88. 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 $88.96 up 43 cents from Tuesday's average closing price of $88.53. The median closing price of Wednesday's Dow Jones Industrial Average was $82.35 (PG/UNH) up 23 cents from Tuesday's median closing price of $82.12 (PG/UNH). The lowest volume was Travelers and the highest volume was Intel.
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 $1,281 ($266,869 - $265,588).
7/16/14 Wednesiday 4:03 pm MarketWatch by Anora Mahumudova & Barbara Kollmeyer says the Dow Jones Industrial Average closed at a record level on Wednesday for the 15th time this year, as better-than-expected corporate earnings and deal talk lifted broader markets.
The Federal Reserve’s Beige Book, which said that economic conditions and labor markets showed improvement across the country into early July, gave stocks a late lift.
The S&P 500 SPX +0.42% closed 8.29 points, or 0.4%, higher at 1,981.57. The Dow Jones Industrial Average DJIA +0.45% added 77.52 points, or 0.5%, to 17,138.20.
The Nasdaq CompositeCOMP +0.22% gained 9.58 points, or 0.2%, to 4,425.97.
But while S&P component Time Warner Inc. surged on news that it had rejected a bid from 21st Century Fox Inc., biotech and Internet stocks sold off for the second day, after a report from the Federal Reserve on Tuesday raised concerns about their valuations. The iShares Nasdaq Biotechnology ETF /IBB -1.55% fell 1.6%, while the Global X Social Media Index ETF SOCL -0.26% gave up 0.4%.
“In that sense, I am not seeing alarming warning signals,” she said Wednesday. Read the recap of Yellen’s testimony on this live blog .
Also read: Jim Cramer is wrong — the Fed should talk valuations
But most of investors’ attention was on earnings and M&A news.
Time Warner Inc. TWX +0.22% shares jumped 17% as the media company confirmed it had rejected an $80 billion offer from 21st Century Fox FOXA -6.22% .
“The news about Time Warner’s rejection of a takeover bid by 21st Century Fox signals that corporations are healthy and see value in assets that the public markets do not see. And if companies deliver on 5% earnings growth estimate, then current multiples and prices on the S&P 500 are justified,” said Joe Peta, managing director at Novus, a financial technology company.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pC8 "Fox move signals M&A time in TV", WSJ pA1 "Media squeeze fuels fox bid" by Amol Sharma, Dana Cimiluca, Martin Peers say the media landscape in the US is dominated by handful of firms including Disney with a market cap of $149 bil. The Fox bid comes when there are pending deals including the combination of Comcast with Time Warner cable and AT&T with DirecTV.
American Express: No mentions found.
Boeing: IBD pA2 "Boeing boosts Qatar's fleet" says Boeing finalized a Qatar order for 50 777-9X jets worth $19 bil.
Caterpillar: No mentions found.
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: WSJ pB1 "GE tries to unload appliance business" by Ted Mann says after more than 100 years in American kitchens, GE is trying to sell the operation that makes refrigerators, air conditioners and washing machines.
Home Depot: No mentions found.
Intel: AJC pA11 "Another record for Dow" by AP says major stock indexes rebounded Wed, finishing higher for the 3rd time in 4 days & lifting the Dow to its 2nd record close this month. Investors drove Time Warner's stock up on news that Twenty-First Century Fox made a takeover bid. Other deals involving Apple and IBM lifted the market. Intel's strong 2Q earnings Tues and news that Apple & IBM are teaming up to sell more iPhones & iPads to corp customers lifted the market.
WSJ pC1 "Small stocks sit out a rally" by Alexandra Scaggs says the Dow rallied to another record close due to upbeat corp news and confidence the Fed will keep interest rates low. Intel led the Dow higher gaining $2.9 after reporting better thane expected earnings and that it would add $20 bil to its share buyback plan. Intel is charted under Good News.
IBD pb2 "S&P 500, Dow transports lead gains; IBD 50 slumps" by David saito-Chung says the key stock averages notched modest gains Wed and the Dow marked an all time high as Wed's action saw indexes up in higher trade and the current outlook is uptrend under pressure. Intel soared 9% .
NYT pB10 "merger possibilities and earnings inspire the markets" by Reuters says the Dow closed at a new high as investors were encouraged by the latest merger news and some strong corp earnings. Intel climbed 9.3% after its 2Q results topped estimates. IBM and Apple's partnership lifted the market, too.
USAT p1B "Dow closes at record, yet again" by Adam Shell says boosted by a 9% gain for Intel, the Dow notched its 15th record close of the year.
USAT p4B "Gainers/Losers lists Intel as a gainer as it forecasts 3Q sales that top estimates and Microsoft because it plans job cuts after Nokia purchase.
IBM: WSJ pC8 "Serious Business at Apple" by Dan Gallagher, AJC pA12 "Apple IBM deal weighs on Blackberry shares" say BlackBerry fell on news that Apple and IBM will work together to cater to business customers.
AJC pA11 "Another record for Dow" by AP says major stock indexes rebounded Wed, finishing higher for the 3rd time in 4 days & lifting the Dow to its 2nd record close this month. Investors drove Time Warner's stock up on news that Twenty-First Century Fox made a takeover bid. Other deals involving Apple and IBM lifted the market. Intel's strong 2Q earnings Tues and news that Apple & IBM are teaming up to sell more iPhones & iPads to corp customers lifted the market.
NYT pB10 "merger possibilities and earnings inspire the markets" by Reuters says the Dow closed at a new high as investors were encouraged by the latest merger news and some strong corp earnings. Intel climbed 9.3% after its 2Q results topped estimates. IBM and Apple's partnership lifted the market, too.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: AJC pA13 "Report: Chick-fil-A could top McDonald's" says an analyst said that if Chick-fil-A could add $6.3 to $9 bil to its system wide sales over the next 10 years it could surpass McDonald's in US sales in the next decade.
Merck: No mentions found.
Microsoft: NYT pB2 "A large round of layoffs is expected at Microsoft" by Nick Wingfield says Microsoft said it will announce layoffs that will be its biggest. In '09 Microsoft layed off 5,800.
USAT p4B "Gainers/Losers lists Intel as a gainer as it forecasts 3Q sales that top estimates and Microsoft because it plans job cuts after Nokia purchase.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: WSJ pB1 "As births slows, P&G turns to adult diapers" by Serena Ng says over the past 15 years US sales of incontinence products have tripled to $1.5 bil.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: No mentions found.
Visa: AJC pA12 "Vis alaunches new service to pay online" says Visa is launching Visa checkout that eliminates a few steps in online payment.
Walmart: No mentions found.
Wednesday's Closing Dow Numbers:
*********************
The Federal Reserve’s Beige Book, which said that economic conditions and labor markets showed improvement across the country into early July, gave stocks a late lift.
The S&P 500 SPX +0.42% closed 8.29 points, or 0.4%, higher at 1,981.57. The Dow Jones Industrial Average DJIA +0.45% added 77.52 points, or 0.5%, to 17,138.20.
The Nasdaq CompositeCOMP +0.22% gained 9.58 points, or 0.2%, to 4,425.97.
But while S&P component Time Warner Inc. surged on news that it had rejected a bid from 21st Century Fox Inc., biotech and Internet stocks sold off for the second day, after a report from the Federal Reserve on Tuesday raised concerns about their valuations. The iShares Nasdaq Biotechnology ETF /IBB -1.55% fell 1.6%, while the Global X Social Media Index ETF SOCL -0.26% gave up 0.4%.
Sara Murray and Roger Bayston discuss Fed Chairwoman Janet Yellen's congressional testimony,.
Federal Reserve Chairwoman Janet Yellen concluded her two-day appearance testifying on Capitol Hill. In her comments, she stressed a softer line on stock valuations, saying the Fed doesn’t have a target for equity values. The central bank instead looks to see if valuations are outside historical norms. “In that sense, I am not seeing alarming warning signals,” she said Wednesday. Read the recap of Yellen’s testimony on this live blog .
Also read: Jim Cramer is wrong — the Fed should talk valuations
But most of investors’ attention was on earnings and M&A news.
Time Warner Inc. TWX +0.22% shares jumped 17% as the media company confirmed it had rejected an $80 billion offer from 21st Century Fox FOXA -6.22% .
“The news about Time Warner’s rejection of a takeover bid by 21st Century Fox signals that corporations are healthy and see value in assets that the public markets do not see. And if companies deliver on 5% earnings growth estimate, then current multiples and prices on the S&P 500 are justified,” said Joe Peta, managing director at Novus, a financial technology company.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pC8 "Fox move signals M&A time in TV", WSJ pA1 "Media squeeze fuels fox bid" by Amol Sharma, Dana Cimiluca, Martin Peers say the media landscape in the US is dominated by handful of firms including Disney with a market cap of $149 bil. The Fox bid comes when there are pending deals including the combination of Comcast with Time Warner cable and AT&T with DirecTV.
American Express: No mentions found.
Boeing: IBD pA2 "Boeing boosts Qatar's fleet" says Boeing finalized a Qatar order for 50 777-9X jets worth $19 bil.
Caterpillar: No mentions found.
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: WSJ pB1 "GE tries to unload appliance business" by Ted Mann says after more than 100 years in American kitchens, GE is trying to sell the operation that makes refrigerators, air conditioners and washing machines.
Home Depot: No mentions found.
Intel: AJC pA11 "Another record for Dow" by AP says major stock indexes rebounded Wed, finishing higher for the 3rd time in 4 days & lifting the Dow to its 2nd record close this month. Investors drove Time Warner's stock up on news that Twenty-First Century Fox made a takeover bid. Other deals involving Apple and IBM lifted the market. Intel's strong 2Q earnings Tues and news that Apple & IBM are teaming up to sell more iPhones & iPads to corp customers lifted the market.
WSJ pC1 "Small stocks sit out a rally" by Alexandra Scaggs says the Dow rallied to another record close due to upbeat corp news and confidence the Fed will keep interest rates low. Intel led the Dow higher gaining $2.9 after reporting better thane expected earnings and that it would add $20 bil to its share buyback plan. Intel is charted under Good News.
IBD pb2 "S&P 500, Dow transports lead gains; IBD 50 slumps" by David saito-Chung says the key stock averages notched modest gains Wed and the Dow marked an all time high as Wed's action saw indexes up in higher trade and the current outlook is uptrend under pressure. Intel soared 9% .
NYT pB10 "merger possibilities and earnings inspire the markets" by Reuters says the Dow closed at a new high as investors were encouraged by the latest merger news and some strong corp earnings. Intel climbed 9.3% after its 2Q results topped estimates. IBM and Apple's partnership lifted the market, too.
USAT p1B "Dow closes at record, yet again" by Adam Shell says boosted by a 9% gain for Intel, the Dow notched its 15th record close of the year.
USAT p4B "Gainers/Losers lists Intel as a gainer as it forecasts 3Q sales that top estimates and Microsoft because it plans job cuts after Nokia purchase.
IBM: WSJ pC8 "Serious Business at Apple" by Dan Gallagher, AJC pA12 "Apple IBM deal weighs on Blackberry shares" say BlackBerry fell on news that Apple and IBM will work together to cater to business customers.
AJC pA11 "Another record for Dow" by AP says major stock indexes rebounded Wed, finishing higher for the 3rd time in 4 days & lifting the Dow to its 2nd record close this month. Investors drove Time Warner's stock up on news that Twenty-First Century Fox made a takeover bid. Other deals involving Apple and IBM lifted the market. Intel's strong 2Q earnings Tues and news that Apple & IBM are teaming up to sell more iPhones & iPads to corp customers lifted the market.
NYT pB10 "merger possibilities and earnings inspire the markets" by Reuters says the Dow closed at a new high as investors were encouraged by the latest merger news and some strong corp earnings. Intel climbed 9.3% after its 2Q results topped estimates. IBM and Apple's partnership lifted the market, too.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: AJC pA13 "Report: Chick-fil-A could top McDonald's" says an analyst said that if Chick-fil-A could add $6.3 to $9 bil to its system wide sales over the next 10 years it could surpass McDonald's in US sales in the next decade.
Merck: No mentions found.
Microsoft: NYT pB2 "A large round of layoffs is expected at Microsoft" by Nick Wingfield says Microsoft said it will announce layoffs that will be its biggest. In '09 Microsoft layed off 5,800.
USAT p4B "Gainers/Losers lists Intel as a gainer as it forecasts 3Q sales that top estimates and Microsoft because it plans job cuts after Nokia purchase.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: WSJ pB1 "As births slows, P&G turns to adult diapers" by Serena Ng says over the past 15 years US sales of incontinence products have tripled to $1.5 bil.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: No mentions found.
Visa: AJC pA12 "Vis alaunches new service to pay online" says Visa is launching Visa checkout that eliminates a few steps in online payment.
Walmart: No mentions found.
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 |
*********************
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 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
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