by Dan Kolber
Post No. 2,764 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 Friday at 16493.37 down 69.93 or 0.42% from Thursday's close of 16563.30. For the week the Dow was down 467.20 or 2.75% from last Friday's close of 16960.57. Of the Dow components gained 6 and, Coke was unchanged and 23 declined. The biggest gainer dollar-wise and percentage-wise was Procter & Gamble up $2.33 or 3.01%. The biggest decliner dollar-wise was Goldman Sachs down 42.62 and percentage-wise was JPMorgan down 2.06%.
As of the open of the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.15571590501117. Friday's trailing P/E ratio is 16.01 down from Thursday's trailing P/E ratio of 16.17 (last year it was 16.68). Friday's P/E estimate is 15.13 unchanged from Thursday's P/E estimate of 15.13 (year ago it was 13.90) and Friday's dividend yield is 2.19 up from Thursday's dividend yield of 2.16 (last year it was 2.36). 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.
Friday's Dow Jones Industrial Average numerator is 2568.28 down 10.89 from Thursday's numerator of 2579.17. 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 Friday's Dow Jones Industrial Average was $85.61 down 36 cents from Thursday's average closing price of $87.97. The median closing price of Friday's Dow Jones Industrial Average was $80.62 (HD/UNH) down 33 cents from Thursday's median closing price of $80.95 (HD/UNH). The lowest volume was Travelers and the highest volume was GE.
If Friday 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 $1,089 ($257,914 - $256,828).
8/1/14 Friday 4:34 pm MarketWatch by Victor Reklaitis & Anora Mahumudova says U.S. stocks on Friday built on the week’s losses, leaving the S&P 500 with its biggest weekly drop in two years.
Friday’s flurry of economic data only briefly lifted the stock market. Instead, Thursday’s selloff, sparked in part by signs of rising wages, continued as investors remained fearful that the Federal Reserve might raise interest rates sooner than expected.
The S&P 500 SPX -0.29% fell 5.52 points, or 0.3% to end at 1,925.15, though it finished off its session low. The benchmark endured a weekly loss of 2.7%, its largest percentage drop since the week ended June 1, 2012. It’s now off 3.2% from its July 24 record close.
The Dow /DJIA -0.42% dropped 69.93 points, or 0.4%, to finish at 16,493.37 on Friday. The blue-chip gauge recorded a weekly tumble of 2.8%, its biggest decline since the week ended Jan. 24.
Friday’s generally positive economic data keeps pressure on the Federal Reserve to reduce its stimulus measures that have helped stock prices, said Colin Cieszynski, chief market strategist at CMC Markets.
“Good news for the economy is bad news for the market, because it means they’ll have to take way the liquidity that’s boosted stocks eventually,” Cieszynski told MarketWatch.
The tech-heavy Nasdaq Composite COMP -0.39% was down 17.13 points, or 0.4%, to close at 4,352.64, leaving it down 2.2% for the week.
The small-cap Russell 2000 RUT -0.47% shed 5.21 points, or 0.5%, to end at 1,114.86. The Russell, often viewed as a gauge of investors’ risk appetite, finished down 2.6% for the week and briefly traded as much as 8.8% off its July 1 intraday high.
Friday’s key economic reports: The U.S. economy added 209,000 jobs in July, missing forecasts but signaling the economy is sustaining its momentum.
The Institute for Supply Management’s manufacturing index rose more than expected, and a reading on consumer sentiment slipped slightly, but was roughly in line with expectations.
Individual movers & shakers: LinkedIn Corp. /quotes/zigman/5131883/delayed/quotes/nls/lnkd LNKD +0.48% closed up 11.7% after the careers-focused social network posted quarterly results late Thursday that easily topped Wall Street forecasts.
Procter & Gamble Co. PG +3.01% finished up 3%, performing the best among the 30 Dow stocks. The world’s largest consumer products company announced plans to shed brands, along with earnings that beat forecasts. Meanwhile, Western Union Co. WU -3.95% and PerkinElmer Inc. PKI -3.63% led S&P 500 decliners, as each stock dropped nearly 4%. Western Union’s quarterly profit dropped, and earnings at PerkinElmer, a manufacturer of health-testing equipment, also fell.
Among new issues, Mobileye MBLY +0.43% , which makes camera-based driver-assistance systems, soared 48% in its debut, but June’s hot IPO, GoPro Inc. GPRO +0.12% , fell 14.6% after its earnings as investors focused on lofty valuations. Read more about Friday’s jumpiest stocks in the Movers & Shakers column .
Other markets: In Europe, Germany’s DAX DX:DAX -2.10% ended down 4.5% for the week, its biggest weekly loss in two years, as investors continued to fret about the impact of sanctions against Russia. Crude-oil futures CLU4 -0.56% lost ground, while gold futures GCU4 +0.98% advanced.
Friday's Closing Dow Numbers:
***********************
The following are excerpts from Friday morning's Blog:
Friday’s flurry of economic data only briefly lifted the stock market. Instead, Thursday’s selloff, sparked in part by signs of rising wages, continued as investors remained fearful that the Federal Reserve might raise interest rates sooner than expected.
The S&P 500 SPX -0.29% fell 5.52 points, or 0.3% to end at 1,925.15, though it finished off its session low. The benchmark endured a weekly loss of 2.7%, its largest percentage drop since the week ended June 1, 2012. It’s now off 3.2% from its July 24 record close.
The Dow /DJIA -0.42% dropped 69.93 points, or 0.4%, to finish at 16,493.37 on Friday. The blue-chip gauge recorded a weekly tumble of 2.8%, its biggest decline since the week ended Jan. 24.
Friday’s generally positive economic data keeps pressure on the Federal Reserve to reduce its stimulus measures that have helped stock prices, said Colin Cieszynski, chief market strategist at CMC Markets.
“Good news for the economy is bad news for the market, because it means they’ll have to take way the liquidity that’s boosted stocks eventually,” Cieszynski told MarketWatch.
The tech-heavy Nasdaq Composite COMP -0.39% was down 17.13 points, or 0.4%, to close at 4,352.64, leaving it down 2.2% for the week.
The small-cap Russell 2000 RUT -0.47% shed 5.21 points, or 0.5%, to end at 1,114.86. The Russell, often viewed as a gauge of investors’ risk appetite, finished down 2.6% for the week and briefly traded as much as 8.8% off its July 1 intraday high.
Friday’s key economic reports: The U.S. economy added 209,000 jobs in July, missing forecasts but signaling the economy is sustaining its momentum.
The Institute for Supply Management’s manufacturing index rose more than expected, and a reading on consumer sentiment slipped slightly, but was roughly in line with expectations.
Individual movers & shakers: LinkedIn Corp. /quotes/zigman/5131883/delayed/quotes/nls/lnkd LNKD +0.48% closed up 11.7% after the careers-focused social network posted quarterly results late Thursday that easily topped Wall Street forecasts.
Procter & Gamble Co. PG +3.01% finished up 3%, performing the best among the 30 Dow stocks. The world’s largest consumer products company announced plans to shed brands, along with earnings that beat forecasts. Meanwhile, Western Union Co. WU -3.95% and PerkinElmer Inc. PKI -3.63% led S&P 500 decliners, as each stock dropped nearly 4%. Western Union’s quarterly profit dropped, and earnings at PerkinElmer, a manufacturer of health-testing equipment, also fell.
Among new issues, Mobileye MBLY +0.43% , which makes camera-based driver-assistance systems, soared 48% in its debut, but June’s hot IPO, GoPro Inc. GPRO +0.12% , fell 14.6% after its earnings as investors focused on lofty valuations. Read more about Friday’s jumpiest stocks in the Movers & Shakers column .
Other markets: In Europe, Germany’s DAX DX:DAX -2.10% ended down 4.5% for the week, its biggest weekly loss in two years, as investors continued to fret about the impact of sanctions against Russia. Crude-oil futures CLU4 -0.56% lost ground, while gold futures GCU4 +0.98% advanced.
Friday'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 | unch | 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 Friday morning's Blog:
A read of the print editions of Friday'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 Thursday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 16563.30 down 317.06 or 1.88% from Wednesday's close of 16880.36. For the year the Dow is down 0.08%. Of the Dow components all 30 declined. The biggest decliner dollar-wise and percentage-wise was ExxonMobil down $.31 or 4.17%.
WSJ pA1 "Stock tumble erases year's gains" by Chris Dieterich says US stocks tumbled in Europe and the US with the Dow erasing its gains for the year after suffering its worst one day loss since Feb.
AJC pA15 "US stocks plunge, wipe out July gains" by Steve Rothwell says weak earnings and interest rate fears fueled the Dows drop.
FT p19 "Wall street" by Eric Platt says investors sold off US equity positions.
IBD pB2 "Stocks skid in fast trade, but some leaders hold up" by Paul Whitfield says Thursday's action was down in rising vol while the current outlook is uptrend under pressure.
NYT pB1 "markets end July in dive, but analysts are upbeat" by Jeff Sommer says the reasons for Thursday's losses were not clear but there were disappointing earnings reports by a few big firms and there was concern over Argentina's default and fears about the Ukraine and the Mid East.
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%.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: IBD pB9 "AT&T, Verizon offer big payout" by Nancy Gondo says AT&T on 7/23 reported a profit of 62 cents a share, a decline of 7% from the year earlier but it and AT&T pay a sizable dividend.
WSJ pB1 "Surprise bidder enters the fray for T-Mobile" by Ruth Bender, Dana Mattiolo, Dana Cimulluca, WSJ pC8 "Iliad starats the sprint for T-Mobile" by Miriam Gottfried, NYT pB6 "An upstart French telecom company bids $15 bil for a majority stake in T-Mobile US" by Mark Scott, Michael J. de la Merced, IBD pA4 "Frencyh firm roils US wireless with bid to control T-Mobile" by Reinhardt Krause says a surprise offer by Iliad to buy a controlling stake for $15 bil in T-Mobile may add pressure on Verizon and AT&T.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pB4 "Higher oil prices lift Exxon profit" by Daniel Gilbert, Tess Stynes, IBD pA2 "Exxon tops, production drops", IBD pB6 "Oil drillers lose support at 50 day line" by Ken Hoover, FT p14 "Exxon's margins offset all in output" by Robert Wright, NYT pB8 "Exxon reports strong profit, despite drop in production" by Reuters, USAT p3B "Story stocks" say 2Q earnings at ExxonMobil rose 28% to $8.75 bil as asset sales & higher upstream profit margins cancelled out declining oil and gas production. Rev rose 5% to $111.65 bil, topping views of $108.4 bil.
GE: FT p14 "Reprieve on the horizon for big asset managers" by Gina Chon, Stephen Foley says the treasury led Fin'l Stability Oversight Council has designed GE Capital and 2 other non-bank firms as systemically important fin'l institutions.
Goldman Sachs: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: NYT pB3 "Johnson & Johnosn praised for taking uterine surgery tools off market" by Katie Thomas says the Gynecare X-Track tissue morcellar was taken off the market because it may spread cancer.
McDonald's: WSJ pA11 "Why do the feds want to dismantle the golden arches?" by Andrew Puzder is critical of the NLRB's ruling holding franchisors liable for franchisee's employment practices.
Merck: No mentions found.
Microsoft: NYT pB3 "Judge rules for seizure of emails kept abroad" by Nick Wingfield, WSJ pB4 "Microsoft judge upholds warrant for customer's email" by Joe Palazzolo, Shira Ovide say a Fed judge in NY upheld a search warrant for Microsoft customer's emails stored at a data center in Ireland.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: IBD pB9 "AT&T, Verizon offer big payout" by Nancy Gondo says AT&T on 7/23 reported a profit of 62 cents a share, a decline of 7% from the year earlier but it and AT&T pay a sizable dividend.
IBD pA4 "Frencyh firm roils US wireless with bid to control T-Mobile" by Reinhardt Krause says a surprise offer by Iliad to buy a controlling stake for $15 bil in T-Mobile may add pressure on Verizon and AT&T.
Visa: No mentions found.
Walmart: No mentions found.
Thursday's Closing Dow Numbers:
*********************
Here are the current CEOs of the Dow 30 Companies:
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%.
Friday's Dow News followed by Thursday's Closing Dow Numbers:
AT&T: IBD pB9 "AT&T, Verizon offer big payout" by Nancy Gondo says AT&T on 7/23 reported a profit of 62 cents a share, a decline of 7% from the year earlier but it and AT&T pay a sizable dividend.
WSJ pB1 "Surprise bidder enters the fray for T-Mobile" by Ruth Bender, Dana Mattiolo, Dana Cimulluca, WSJ pC8 "Iliad starats the sprint for T-Mobile" by Miriam Gottfried, NYT pB6 "An upstart French telecom company bids $15 bil for a majority stake in T-Mobile US" by Mark Scott, Michael J. de la Merced, IBD pA4 "Frencyh firm roils US wireless with bid to control T-Mobile" by Reinhardt Krause says a surprise offer by Iliad to buy a controlling stake for $15 bil in T-Mobile may add pressure on Verizon and AT&T.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: WSJ pB4 "Higher oil prices lift Exxon profit" by Daniel Gilbert, Tess Stynes, IBD pA2 "Exxon tops, production drops", IBD pB6 "Oil drillers lose support at 50 day line" by Ken Hoover, FT p14 "Exxon's margins offset all in output" by Robert Wright, NYT pB8 "Exxon reports strong profit, despite drop in production" by Reuters, USAT p3B "Story stocks" say 2Q earnings at ExxonMobil rose 28% to $8.75 bil as asset sales & higher upstream profit margins cancelled out declining oil and gas production. Rev rose 5% to $111.65 bil, topping views of $108.4 bil.
GE: FT p14 "Reprieve on the horizon for big asset managers" by Gina Chon, Stephen Foley says the treasury led Fin'l Stability Oversight Council has designed GE Capital and 2 other non-bank firms as systemically important fin'l institutions.
Goldman Sachs: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: NYT pB3 "Johnson & Johnosn praised for taking uterine surgery tools off market" by Katie Thomas says the Gynecare X-Track tissue morcellar was taken off the market because it may spread cancer.
McDonald's: WSJ pA11 "Why do the feds want to dismantle the golden arches?" by Andrew Puzder is critical of the NLRB's ruling holding franchisors liable for franchisee's employment practices.
Merck: No mentions found.
Microsoft: NYT pB3 "Judge rules for seizure of emails kept abroad" by Nick Wingfield, WSJ pB4 "Microsoft judge upholds warrant for customer's email" by Joe Palazzolo, Shira Ovide say a Fed judge in NY upheld a search warrant for Microsoft customer's emails stored at a data center in Ireland.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: IBD pB9 "AT&T, Verizon offer big payout" by Nancy Gondo says AT&T on 7/23 reported a profit of 62 cents a share, a decline of 7% from the year earlier but it and AT&T pay a sizable dividend.
IBD pA4 "Frencyh firm roils US wireless with bid to control T-Mobile" by Reinhardt Krause says a surprise offer by Iliad to buy a controlling stake for $15 bil in T-Mobile may add pressure on Verizon and AT&T.
Visa: No mentions found.
Walmart: No mentions found.
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 |
*********************
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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