by Dan Kolber
Post No. 2,760 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 Wednesday at 16880.36 down 31.75 or 0.19% from Tuesday's close of 16912.11. 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 %.
As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C6 of Wednesday's Wall St. Journal is 0.15571590501117. Wednesday's trailing P/E ratio is 16.32 down from Tuesday's trailing P/E ratio of 16.33 (last year it was 16.69). Wednesday's P/E estimate is 15.13 unchanged from Tuesday's P/E estimate of 15.13 (year ago it was 13.90) and Wednesday's dividend yield is 2.16 down from Tuesday's dividend yield of 2.17 (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.
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.
Wednesday's Closing Dow Numbers:
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The following are excerpts from Wednesday morning's Blog:
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.
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 |
*************************
The following are excerpts from Wednesday morning's Blog:
A read of the print editions of Wednesday'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 Tuesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 16912.11 down 70.48 or 0.42% from Monday's close of 16982.59. For the year the Dow is up 2.02%. Of the Dow components 6 gained and 24 declined. The biggest gainer dollar-wise and percentage-wise was AT&T up 94 cents or 2.64%. The biggest decliner dollar-wise was United Technologies down $1.61 and percentage-wise was UnitedHealth down 1.73%.
FT p19 "Wall Street" by Eric Platt says US equity markets were little moved despite rising consumer confidence figures.
NYT pB7 "Stocks & bonds" by Reuters says the market fell Tues as a weak fin'l outlook from UPS pressured transportation stocks.
IBD pB4 "Stocks fall as trade rises" by Juan Carlos Arancibia says Tuesday's action saw indexes drop, close near session lows as the current outlook is an uptrend under pressure.
As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C6 of Wednesday's Wall St. Journal is 0.15571590501117. Wednesday's trailing P/E ratio is 16.32 down from Tuesday's trailing P/E ratio of 16.33 (last year it was 16.69). Wednesday's P/E estimate is 15.13 unchanged from Tuesday's P/E estimate of 15.13 (year ago it was 13.90) and Wednesday's dividend yield is 2.16 down from Tuesday's dividend yield of 2.17 (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.
Tuesday's Dow Jones Industrial Average numerator is 2633.48 down 10.98 from Monday's numerator of 2644.46. 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 $87.78 down 37 cents from Friday's average closing price of $88.15. The median closing price of Tuesday's Dow Jones Industrial Average was $82.13 (HD/UNH) down $1.28 from Monday's median closing price of $83.41 (HD/UNH). The lowest volume was Travelers and the highest volume was Verizon.
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 $1,098 ($264,446 - $263,348).
7/29/14 Tuesday 4:17 pm MarketWatch by Anora Mahumudova & Carla Mozee says U.S. stocks ended Tuesday’s choppy trading session lower, as investors turned cautious after the European Union and the President Barack Obama announced a new round of sanctions against Russia for its role in Ukraine’s deadly civil war.
The European Union on Tuesday also extended sanction on Russia over Eastern Ukraine violence. The expanded sanctions will target the Russian energy, defense, and finance sectors.
Better-than-expected earnings and upbeat consumer confidence data sent the Dow Jones Industrial Average above 17,000 and the S&P 500 near its record closing level, but gains soon petered out.
The S&P 500 /SPX -0.45% closed 9 points, or 0.5%, lower at 1,969.95. The Dow Jones Industrial Average DJIA -0.42% ended 70.48 points, or 0.4%, lower at 16,912. The Nasdaq Composite COMP -0.05% finished 2.2 points lower at 4,442.70.
“The FOMC statement is unlikely to change from the previous one and there will be no press conference. If the economy continues to improve, we expect companies to grow their revenues and earnings. We also expect the market to continue a slow grind higher by the year-end,” Valeri said.
Tuesday’s economic news had little impact on markets. Consumer confidence index jumped unexpectedly to 90.9 in July, the highest since October 2007.
Separately, a report from the Case-Shiller 20-city composite index showed U.S. house prices rose in May, with every city showing gains. Prices fell on a seasonally adjusted basis, however. Year-over-year growth also slowed down.
Data released Monday showed pending U.S. homes sales fell 1.1% in June, the first decline in four months. That report “confirmed Fed Chair Yellen’s remarks before the Senate Banking committee earlier this month about the overall slowdown in the housing sector,” wrote Marshall Gittler, head of global FX strategy at IronFX, on Tuesday.
Yellen will lead monetary policy makers in their two-day meeting that started Tuesday morning.
In earnings news, Corning Inc.GLW +0.20% shares tanked 9.3% after the maker of TV-screen glass reported a sharp drop in second-quarter earnings due to acquisition-related costs.
Shares in Herbalife Ltd. HLF -0.41% fell 14%, extending losses from late Monday when the nutritional supplements marketer posted quarterly results that missed Wall Street’s targets.
Shares of Merck & Co. MRK +1.05% — a component of the Dow Jones Industrial Average DJIA -0.42% — rose 1% after the drug maker’s adjusted earnings and sales surpassed expectations.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: UsAT p3B "Good News" says aT&T was up due to windstream spinoff news.
WSJ pB1 "The waiting game" by Ryan Knutson, Ahead of the tape" by Spencer Jakab discuss sprint's possible bid for T-Mobile.
WSJ pB1 "IRS blesses telecom's turn toRrEIT" by Thomas Gryta, Ryan Knutson says AT&T and Verizon can classify its phone lines as real estate, lowering their tax burden.
American Express: WSJ pC3 "Travel unit deal lifts AmEx results" by Robin Sidel, Josh Beckerman, AJC pA12 "American Express 2Q profit up 9%", IBD pA2 "American Express" say EPS rose 8.7% to $1.38 and rev rose 5% to $8.66 bil, just missing views.
WSJ pC1 "Celebrity plastic is no rock star" by Robin Sidel says JPMorgan & American express target low income consumers with their pre-paid cards.
Boeing: FT p12 "Airbus loses out on A380 order" by Andrew Parker, Jennifer Thompson, Nobuko Juji says Boeing has orders for more than 1,000 Dreamliners from 58 airlines & leasing firms.
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: No mentions found.
Goldman Sachs: fT p13 "Europe's investment banks bounce back" by Daniel Schafer, Alice Ross, Camilla Hall says Goldman Sachs and JPMorgan's trading revenues are down.
Home Depot: No mentions found.
Intel: IBD pA3 "Ilby's integrated circuit invented modern world" by Scott S. Smith discusses the history of Intel.
IBM: No mentions found.
JPMorgan: AJC pA12 "JPMorgan pays $650K to settle CFTC charges" says JPMorgan filed inaccurate reports.
WSJ pC1 "Celebrity plastic is no rock star" by Robin Sidel says JPMorgan & American express target low income consumers with their pre-paid cards.
WSJ pC8 "REITs close the door on Wall St firms" by Robie Whelan JPMorgan is the second busiest underwriter so far this year after Merrill Lynch,.
Johnson & Johnson: No mentions found.
Merck: WSJ pB4 "Pfizer, Merck dogged by weak sales" by Jonathan D. Rockoff, Michael Calia, IBD pA4 "Merck, Pfizer Q2 earnings beat; both ramping up R&D" by Amy Reeves says Merck's earnings was 85 cents pe share up a penny from a year ago and beating consensus by 4 cents. Sales shrarnk 1% to $10.9 bil due to patent losses.
McDonald's: WSJ pB1 "McDonald's rulng sets ominous tone for franchisers" by Julie Jargon, NYT pB1 "Ruling says McDonald's is liable for workers" by Steven Greenhouse, AJC pA12 "McDonald's may be liable for labor practices", IBD pA1 "NLRB rules vs. McDonald's" says the NLRB says McDonald's is the joint employer for workers at its franchised outlets.
Microsoft: WSJ pB1 "Microsoft is big target in a digital cold war" by Shira Ovide, IBD pA2 "Microsoft", WSJ pA11 "We're fighting the Feds over your email" by Brad Smith say China is probing Microsoft for monopoly violations.
Nike: No mentions found.
Pfizer: WSJ pB4 "Pfizer, Merck dogged by weak sales" by Jonathan D. Rockoff, Michael Calia,IBD pA4 "Merck, Pfizer Q2 earnings beat; both ramping up R&D" by Amy Reeves, fT p11 "Pfizer refuses to rule out tax inversion deals" by Andrew Ward, AJC pA12 "Pfizer's profit sinks but tops forecasts" say Pfizer earned $2.91 bil or 45 cents per share down from $14.1 bil or $1.98 a share last year. Rev fell 2% to $12.77 bil, abo e forecasts.
Procter & Gamble: No mentions found.
3M: USAT p2B "Prices getting pumped up" by Matt Krantz says 3M raised prices on some of its products.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: WSJ pB1 "IRS blesses telecom's turn to rEIT" by Thomas Gryta, Ryan Knutson says AT&T and Verizon can classify its phone lines as real estate, lowering their tax burden.
Visa: No mentions found.
Walmart: IBD pA2 "Plug charged up by Walmart" says Walmart will add another electric feeling site in some of their stores.
UsAT p4B "A dollar store at a time, competition moutns" by Hadley Malcolm says Walmart is rolling out small stores.
The European Union on Tuesday also extended sanction on Russia over Eastern Ukraine violence. The expanded sanctions will target the Russian energy, defense, and finance sectors.
Better-than-expected earnings and upbeat consumer confidence data sent the Dow Jones Industrial Average above 17,000 and the S&P 500 near its record closing level, but gains soon petered out.
The S&P 500 /SPX -0.45% closed 9 points, or 0.5%, lower at 1,969.95. The Dow Jones Industrial Average DJIA -0.42% ended 70.48 points, or 0.4%, lower at 16,912. The Nasdaq Composite COMP -0.05% finished 2.2 points lower at 4,442.70.
Paul Vigna and Mark Cook discuss the possibility of a 20% pullback in markets.
Anthony Valeri, investment strategist at LPL Financial said investors are focused on GDP, ISM and the jobs data to be released in the coming days. “The FOMC statement is unlikely to change from the previous one and there will be no press conference. If the economy continues to improve, we expect companies to grow their revenues and earnings. We also expect the market to continue a slow grind higher by the year-end,” Valeri said.
Tuesday’s economic news had little impact on markets. Consumer confidence index jumped unexpectedly to 90.9 in July, the highest since October 2007.
Separately, a report from the Case-Shiller 20-city composite index showed U.S. house prices rose in May, with every city showing gains. Prices fell on a seasonally adjusted basis, however. Year-over-year growth also slowed down.
Data released Monday showed pending U.S. homes sales fell 1.1% in June, the first decline in four months. That report “confirmed Fed Chair Yellen’s remarks before the Senate Banking committee earlier this month about the overall slowdown in the housing sector,” wrote Marshall Gittler, head of global FX strategy at IronFX, on Tuesday.
Yellen will lead monetary policy makers in their two-day meeting that started Tuesday morning.
In earnings news, Corning Inc.GLW +0.20% shares tanked 9.3% after the maker of TV-screen glass reported a sharp drop in second-quarter earnings due to acquisition-related costs.
Shares in Herbalife Ltd. HLF -0.41% fell 14%, extending losses from late Monday when the nutritional supplements marketer posted quarterly results that missed Wall Street’s targets.
Shares of Merck & Co. MRK +1.05% — a component of the Dow Jones Industrial Average DJIA -0.42% — rose 1% after the drug maker’s adjusted earnings and sales surpassed expectations.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: UsAT p3B "Good News" says aT&T was up due to windstream spinoff news.
WSJ pB1 "The waiting game" by Ryan Knutson, Ahead of the tape" by Spencer Jakab discuss sprint's possible bid for T-Mobile.
WSJ pB1 "IRS blesses telecom's turn toRrEIT" by Thomas Gryta, Ryan Knutson says AT&T and Verizon can classify its phone lines as real estate, lowering their tax burden.
American Express: WSJ pC3 "Travel unit deal lifts AmEx results" by Robin Sidel, Josh Beckerman, AJC pA12 "American Express 2Q profit up 9%", IBD pA2 "American Express" say EPS rose 8.7% to $1.38 and rev rose 5% to $8.66 bil, just missing views.
WSJ pC1 "Celebrity plastic is no rock star" by Robin Sidel says JPMorgan & American express target low income consumers with their pre-paid cards.
Boeing: FT p12 "Airbus loses out on A380 order" by Andrew Parker, Jennifer Thompson, Nobuko Juji says Boeing has orders for more than 1,000 Dreamliners from 58 airlines & leasing firms.
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: No mentions found.
Goldman Sachs: fT p13 "Europe's investment banks bounce back" by Daniel Schafer, Alice Ross, Camilla Hall says Goldman Sachs and JPMorgan's trading revenues are down.
Home Depot: No mentions found.
Intel: IBD pA3 "Ilby's integrated circuit invented modern world" by Scott S. Smith discusses the history of Intel.
IBM: No mentions found.
JPMorgan: AJC pA12 "JPMorgan pays $650K to settle CFTC charges" says JPMorgan filed inaccurate reports.
WSJ pC1 "Celebrity plastic is no rock star" by Robin Sidel says JPMorgan & American express target low income consumers with their pre-paid cards.
WSJ pC8 "REITs close the door on Wall St firms" by Robie Whelan JPMorgan is the second busiest underwriter so far this year after Merrill Lynch,.
Johnson & Johnson: No mentions found.
Merck: WSJ pB4 "Pfizer, Merck dogged by weak sales" by Jonathan D. Rockoff, Michael Calia, IBD pA4 "Merck, Pfizer Q2 earnings beat; both ramping up R&D" by Amy Reeves says Merck's earnings was 85 cents pe share up a penny from a year ago and beating consensus by 4 cents. Sales shrarnk 1% to $10.9 bil due to patent losses.
McDonald's: WSJ pB1 "McDonald's rulng sets ominous tone for franchisers" by Julie Jargon, NYT pB1 "Ruling says McDonald's is liable for workers" by Steven Greenhouse, AJC pA12 "McDonald's may be liable for labor practices", IBD pA1 "NLRB rules vs. McDonald's" says the NLRB says McDonald's is the joint employer for workers at its franchised outlets.
Microsoft: WSJ pB1 "Microsoft is big target in a digital cold war" by Shira Ovide, IBD pA2 "Microsoft", WSJ pA11 "We're fighting the Feds over your email" by Brad Smith say China is probing Microsoft for monopoly violations.
Nike: No mentions found.
Pfizer: WSJ pB4 "Pfizer, Merck dogged by weak sales" by Jonathan D. Rockoff, Michael Calia,IBD pA4 "Merck, Pfizer Q2 earnings beat; both ramping up R&D" by Amy Reeves, fT p11 "Pfizer refuses to rule out tax inversion deals" by Andrew Ward, AJC pA12 "Pfizer's profit sinks but tops forecasts" say Pfizer earned $2.91 bil or 45 cents per share down from $14.1 bil or $1.98 a share last year. Rev fell 2% to $12.77 bil, abo e forecasts.
Procter & Gamble: No mentions found.
3M: USAT p2B "Prices getting pumped up" by Matt Krantz says 3M raised prices on some of its products.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: WSJ pB1 "IRS blesses telecom's turn to rEIT" by Thomas Gryta, Ryan Knutson says AT&T and Verizon can classify its phone lines as real estate, lowering their tax burden.
Visa: No mentions found.
Walmart: IBD pA2 "Plug charged up by Walmart" says Walmart will add another electric feeling site in some of their stores.
UsAT p4B "A dollar store at a time, competition moutns" by Hadley Malcolm says Walmart is rolling out small stores.
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 |
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)
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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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