9/26/14 Fri. am Nike Profits Up 23% to $962 Mil.

http://www.dowjonesmonitor.com/
by Dan Kolber

Post No. 2,847 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 as of Sept. 24, 2014.

A  read of the print editions of  Friday's Wall Street Journal,  Financial Times, Investor's Daily Business, 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 Thursday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average:  The Dow Jones Industrial Average closed  Thursday at 16965.80 down 264.26 or 1.54%  from Wednesday's close of 17210.06. For the year the Dow is up 2.23%. Of the Dow components  all 30  declined.  he biggest decliner   dollar-wise was Goldman Sachs down $3.72  and percentage-wise was JPMorgan 2.4%.

WSJ pA1 "Global anxiety roils markets" by E.S. browning says the Dow had its largest one day point & percentage decline since 7/31 and was the third day of declines.  High stock prices, the uncertain global economy & int'l conflicts caused the decline.

IBD pB3 "Stocks plunge as Nasdaq, S&P lose 50 day line" by Paul Whitfield says Thursday's action was down in mixed vol while the current outlook is uptrend under pressure.

FT p23 "Wall Street" by Eric Platt says the tech sector led the broader US equity market lower as investors shifted out of riskier investments ahead of the 3rd qtr.'s end next week.

NYT pB4 "Indexes suffer worst day since July" by AP says a stumble by Apple helped set off a rout in the market Thurs.

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 16.31 down  from Thursday's   trailing P/E ratio of 16.16  (last year it was 15.59).  Friday's P/E estimate is 15.28 unchanged from Thursday's P/E estimate of 15.28 (year ago it was 14.25) and Friday's dividend yield is 2.19 down from  Thursday's dividend yield of 2.21  (last year it was 2.13). The Dow's all-time high was 17279.74 on September 19,  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 2641.84 down 37.96 from  Wednesday's   numerator of 2679.88.  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  Thursday's Dow Jones Industrial Average was $88.06 down $1.27 from Wednesday's  average closing price of $89.33.  The median closing price of  Thursday's Dow Jones Industrial Average was $86.47  (UNH/AXP) down $1.90  cents from Wednesday's median closing price of $88.37 (UNH/AXP). The lowest volume was  Travelers and the highest volume wasIntel.

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  $3,796  ($267,988 - $264,184).

9/25/14 Thurs. 4:15 MarketWatch by Carla Mozee & Victor Reklaitis says
U.S. stocks slumped Thursday, led by the tech sector, slapping the major benchmarks with their biggest one-day loss in almost two months.Why the drop? Strategists said there wasn’t one single explanation. Market observers, however, pointed to some possible drivers including Apple AAPL, +0.13% whose own shares were down more than 3%. Other worries centered on the Russia-Ukraine and Mideast conflicts as well as a weak U.S. durable-goods report. Strategists also cited divergences between suffering small-cap stocks and the broader market and technical factors, including the S&P 500’s slicing through its 50-day moving average.The S&P SPX, -1.62%  slid 32.31 points, or 1.6%, to finish at 1,965.99. All S&P sectors endured losses. The Dow Jones Industrial Average DJIA, -1.54%  also took a hit, falling 264.26 points, or 1.5%, to close at 16,945.80.Both the S&P 500 and Dow suffered their biggest drops since July 31, when they fell 2% and 317 points, respectively. That’s after both achieved record closes last week.The technology sector was a particularly hard-hit area, faring worst among S&P sectors, and the tech-heavy Nasdaq Composite COMP, -1.94% declining by 88.47 points, or 1.9%, to end 4,466.75. The Nasdaq’s loss also was its largest since July                                               
Worries about durables, geopolitics: Orders for durable U.S. goods plunged a record 18.2% in August after a record 22.5% gain in July, mainly because of volatile demand for airplanes. Economists surveyed by MarketWatch had expected orders to fall 17.3%.The headline number for durable goods may have spooked some investors, according to Doug Coté, chief market strategist at Voya Investment Management. In addition, the report’s encouraging details, such as what it said about underlying business investment, could put more pressure on the Federal Reserve to raise interest rates, he argued. Then there’s the matter of international conflict. “Geopolitical risks have been overlooked, but the longer they go on without resolution, the more concerning it gets,” Cote noted. Iraq’s prime minister warned about plots by the Islamic State to launch attacks on subway systems in New York City and Paris on Thursday – highlighting rising concerns about terrorist organizations’ growing global threat.Meanwhile in Russia, courts there received the OK to seize foreign assets under a draft law intended as a response to Western sanctions over the Ukraine crisis, a Reuters report said Thursday. In other economic news, weekly jobless claims rose to 293,000, while economists surveyed by MarketWatch had expected claims to rise to 300,000.Movers and shakers: Apple dropped Thursday after pulling an update to iOS 8 on Wednesday. Users had reported major problems with the operating-system update. Other markets: Japan’s Nikkei Average NIK, +1.28% surged 1.3% as the yen weakened. Meanwhile, the euro EURUSD, -0.25% hit its lowest level against the dollar since 2012 after European Central Bank President Mario Draghi said the bank stands ready to launch more stimulus measures to boost growth. European stocks SXXP, -0.85% were dragged down by U.S. losses after initially gaining following Draghi’s comments. Gold futures GCZ4, +0.16% rose.

Friday's Dow News followed by Thursday's Closing Dow Numbers:

AT&T: No mentions found.

American Express: No mentions found.

Boeing:  WSJ pB3 "Boeing Japan agency can't find cause for 787 defect" by Andy Pasztor, Mitsuru Obe says no cause for battery found in the 787 problem last year.

USAT p1B "Airbus puts new rival to Boeing through its paces" says Airbus had the first flight of the A320neo in Toulouse, France.

Caterpillar: No mentions found.

Chevron: No mentions found.

Cisco: No mentions found.

Coke:  WSJ pB5 "Share a coke creates pop in sales" by Mike Esterl says Coke's sales have risen 2% since they are labeling product5s with names.

Disney:  USAT p7B "Marvel goes to Infinity and beyond" by Brian Truitt discusses Dsiney's new video game Disney Infinity.

DuPont: No mentions found.

Exxon:  FT p17 "Big oil at the cross roads on research spending" by Ed Crooks says ExxonMobil spent over $1 bil on R&D in '13 behind Shell and Shlumberger.

GE: No mentions found.

Goldman Sachs: No mentions found.

Home Depot: No mentions found.

Intel: No mentions found.

IBM: No mentions found.

JPMorgan:  IBD pA2 "JPMorgan outperforms banks" says JPM was the top performing global investment bank in 1st half of '14 with $11.5 bil in rev.

Johnson & Johnson: No mentions found.

McDonald's: No mentions found.

Merck: No mentions found.

Microsoft:  WSJ pB1 "Google, Microsoft expose Brazil's slums" by Will Connors says Microsoft and Google are mapping several Rio favelas.

Nike:  IBD pA1 "Nike sales surge on Europe, Internet" by Elaine Low, WSJ pB3 "Nike higher demand for shoes pushes sales, profit up" by Sara Germano, Tess Stynes say sales jumped 15% to $8bil in qtr ended 8/31 sending profits up 23% to $962 mil

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: No mentions found.

Visa: No mentions found.

Walmart: No mentions found.

Thursday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$35.08	0.32	▼ 0.9%	20,703,581	NYSE
AXP	$86.76	1.76	▼ 1.99%	5,504,079	NYSE
BA	$127.14	1.44	▼ 1.12%	2,864,837	NYSE
CAT	$99.51	1.69	▼ 1.67%	4,929,518	NYSE
CVX	$120.68	1.72	▼ 1.41%	6,379,612	NYSE
CSCO	$24.54	0.44	▼ 1.76%	26,883,879	NASDAQ-GS
KO	$41.78	0.49	▼ 1.16%	10,990,357	NYSE
DIS	$88.07	1.38	▼ 1.54%	7,048,569	NYSE
DD	$71.79	1.04	▼ 1.43%	5,221,535	NYSE
XOM	$94.25	1.57	▼ 1.64%	12,762,635	NYSE
GE	$25.55	0.38	▼ 1.47%	30,520,397	NYSE
GS	$184.09	3.72	▼ 1.98%	2,998,345	NYSE
HD	$91.9	1.12	▼ 1.2%	4,925,595	NYSE
INTC	$34.14	0.61	▼ 1.76%	34,283,347	NASDAQ-GS
IBM	$189.01	3.30	▼ 1.72%	4,107,168	NYSE
JPM	$60.15	1.48	▼ 2.4%	15,821,572	NYSE
JNJ	$107.1	1.54	▼ 1.42%	5,618,507	NYSE
MCD	$94.16	0.84	▼ 0.88%	4,518,410	NYSE
MRK	$59.64	0.72	▼ 1.19%	8,613,591	NYSE
MSFT	$46.04	1.04	▼ 2.21%	32,677,690	NASDAQ-GS
NKE	$79.75	1.09	▼ 1.35%	5,717,038	NYSE
PFE	$29.98	0.33	▼ 1.09%	21,100,769	NYSE
PG	$84.33	0.91	▼ 1.07%	8,136,568	NYSE
MMM	$142.48	2.40	▼ 1.66%	2,738,131	NYSE
TRV	$93.7	1.09	▼ 1.15%	1,878,199	NYSE
UTX	$104.49	1.58	▼ 1.49%	3,866,358	NYSE
UNH	$86.18	2.03	▼ 2.3%	3,612,847	NYSE
VZ	$49.61	0.46	▼ 0.92%	13,512,965	DualListed
V	$210.71	3.70	▼ 1.73%	2,841,224	NYSE
WMT	$76.12	0.96	▼ 1.25%	4,683,882	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) (Craig Menear Takes Over as CEO on 11/1)

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 9/24/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $408.64
2. Microsoft MSFT 387.93
3. Johnson & Johnson JNJ 306.4
4. GE 260.18
5. Wal-Mart WMT 248.39
6.Chevron CVX 232.43
7.  JPMorgan Chase JPM 231.78
8. Procter & Gamble PG 230.8
9.  Verizon VZ 207.55
10.  Pfizer PFE 192.19 
11. Coke KO 185.39
12.  IBM 191.85 58
13. AT&T T 183.
14. Merck MRK 174.12
15.  Intel INTC 172.05
16. Disney DIS 153.54
17. Visa V 134.71
18. Cisco CSCO 127.38
19. Home Depot HD 125.2
20. United Technologies UTX 97.05
21. McDonald's MCD 93.28 
22. 3M MMM 93.88
23. American Express AXP 93.12
24. Boeing BA 92.66 
25. Goldman Sachs GS 85.98
26. UnitedHealth UNH 85.71
27. Nike NKE 70.19
28. DuPont DD 66.66
29. Caterpillar CAT 63.55
30. Travelers TRV 32.14
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 9/24/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T:
8/1/14 10Q & 7/24/14 8K & 7/23/14 8K  re: qtr ended 6/30
7/1/14 S-4 re: purchase of DirecTV

American Express AXP:
9/15/14 8K re: delinq. & write-off stats for 3 months end 8/31/14
8/15/14 8K re: delinq. & write-off stats for 3 months end 7/31/14
7/30/14 10Q & 7/29/14 8K re: qtr. ended 6/30/14
7/15/14 8K re: delinq. & write-off stats for 3 months ended 6/30/14

Boeing BA:
7/23/14 10Q & 7/23/14 8K re: 2Qtr ended 6/30/14

Caterpillar CAT:
9/19/14 8K re: info re: retail sales of OEMs
9/16/14 8K re: credit agreement with Citibank up to $3.15 bil
8/20/14 8K re: rolling 3 month retail sales stats
8/1/14 10Q & 7/24/14 8K re: 2Q ended 6/30/14
7/23/14 8K re: rolling 3 mos. retail sales stats.

Chevron CVX:
8/14/14 8K re: voluntary dismissal of shareholder derivative lawsuit
8/6/14 10Q & 8/1/14 8K & 7/10/14 8K re: 2Q ended 6/30/14

Cisco CSCO:
9/12/14 8K re: departure of director Marc Benioff & reduction of board to 10
9/9/14 10K & 8/13/14 8K re: results for year ended 7/26/14
8/14/14 8K re: restructuring plan & lay-offs of 6,000 or 8% of global workforce
7/31/14 8K re: resignation from BoD of Gregory Q. Brown

Coke KO:
9/22/14 & 9/19/14 8Ks re: close of public offering of long term notes
8/20/14 8K re: purchase of 16.7% state in Monster
7/30/14 10Q & 7/22/14 8K re: qtr ended 6/27/14

Disney DIS:
8/5/14 10Q for quarter ended 6/28/14
8/5/14 & 8/5 8K re: 10Q for 3Qtr ended 6/28/14 

DuPont DD:
8/5/14 8K re: election of Ulf M.  Mark Scheider
7/22/14 10Q & 7/22/14 8K re: qtr ended 6/30/14

ExxonMobil XOM:
8/6/14 10Q & 7/31/14 8K re: 2Qtr ended 6/30/14
8/6/14 8K re: retirement of P.T. Mulva as VP/controller to be replaced by D.S. Rosenthal

GE:
7/31/14 10Q & 7/18/14 8K re: qtr ended 6/30/14

Goldman Sachs GS:
8/25/14 8K re: settlement with FHFA re: sale of residential mortgage backed securities to Fannie Mae & Freddie Mac
8/7/14 10Q & 7/15/14 8K re: 2Qtr ended 6/30/14

Home Depot HD:
9/18/14 8K re: update on guidance due to data breach
9/8/14 8K re: breach od payment data systems
8/27/14 10Q & 8/19/14 8K results for quarter ended 8//14
8/21/14 8K re: election of Craig A. Menear as CEO &Pes. and Frank Blake taking on as chairman eff. 11/1/14 & amendment of by-laws to split CEO & Chairman positions

Intel INTC:
7/25/14 10Q & 7/15/14 8K re: qtr. ended 6/28/14

IBM:
7/29/14 10Q & 7/18/14 8K & 7/17/14 8K re: qtr. ended 6/30/14
7/29/14 8K re: election of CEO of JNJ Alex Gorsky & Peter R. Voser to BoD

JPMorganChase JPM:
9/19/14 8K re: redemption of subord. notes
9/12/14 8K re: cyberattack vs. JPM
9/10/14 8K re: closing of public offering of $3 bil sub. notes due'24
8/4/14 10Q & 7/15/14 8K & 7/15/14 8K re: qtr. ended 6/30/14
7/2/14 8K re: CEO Jamie Dimon having throat cancer
7/1/14 8K re: reduction of warrant exercise price

Johnson & Johnson JNJ:
8/1/14 10Q & 7/15/14 8K re: Qtr ended 6/29/14
7/21/14 8K re: $5 bil share repurchase program

McDonald's MCD:
9/22/14 8K re: raising quarterly div. by 5% to 85 cents payable 12/15 to record holders 12/1
9/9/14 8K re: global sales decreased 3.7% in Aug.
8/27/14 8K re: salary increase of Pres. of Asia, Mid E. & Africa
8/22/14 8K re: election of Make Andres as Pres. - USA replacing Jeff Stratton eff. 10/15
8/11/14 8K re: global sales decreased 2.5% in July
8/4/14 & 7/22/14 & 7/18/14 8K re: qtr. ended 6/30/14

Merck MRK:
9/29/14 8K re: 2Q results

Microsoft MSFT:
9/17/14 8K election of Teri List-Stoll & Charles W. Scharf  (CEO of Visa) to Board eff 10/1 & increase of Board to 12 & retirement from Board of Dave Marquadt & Dina Dublon
8/19/14 8K re: dividend increase to 31 cents up 11% payable 12/111 to holders on 11/20
7/31/14 10K for year ended 6/30/14
7/31/14 8K re: increased BoD to 11 & election of John W. Stanton
7/22/14 8K re: 4Q results
7/17/14 8K re: restruction & related charges

Nike NKE:
9/23/14 8K re: results of annual shareholders meeting
Sec. 14A Proxy re: Annual Meeting of Shareholders to be held 9/18/14 at Tiger Woods Conf. center, Beaverton, Or.
7/25/14 10K for year ended 5/31/14

Pfizer PFE:
8/7/14 10Q for qtr ended 6/29/14
7/29/14 8K re: 2Q results

Procter & Gamble PG:
8/29/14 Proxy re: 10/14/14 Annual Meeting of Shareholders at 9 a.m. at Duke Energy Convention Ctr. Cincinnati,Oh
8/8/14 10K for yr. ended 6/30/14
8/1/14  2 8Ks re: 4Q results
7/8/14 8K re: quarterly div. of 64 cents per share payable 8/15 to record holders of 7/18

3M MMM:
8/12/14 8K re: election of Sandra Barbour to Board
8/8/14 8K re: $2.25 bil 5 yr. revolving credit agreement with JPMorgan
7/31/14 10Q & 7/24/14 re: qtr. ended 6/30/14

Travelers TRV:
9/10/14 2 8Ks re: realignment of 2 of 3 business segments
8/11/14 8K re: amendment to bylaws re: timing of shareholder proposals
7/22/14 10Q & 8K re: qtr ended 6/30/14

United Technologies UTX:
7/25/14 10Q & 7/22/14 8K for qtr. ended 6/30/14

UnitedHealth Group UNH:
9/12/14 8K re: FD disclosures re: presentation at Merrill Global Healthcare Conf. London 9/17
9/5/14 8K re: FD disclosure re: presentation at Morgan Stanley Healthcare Conf. NYC 9/9
8/4/14 & 8/1/14 8K & 7/17 8K re: qtr. ended 6/30/14

Verizon Communications Inc. VZ:
9/11/14 8K re: strong customer  growth
9/4/14 8K/A committee Board assignments for Dir. Shellye L. Archambeau
8/20/14 8K re: results of exchange offer of Verizon/Alltel securities
8/6/14 2 8Ks re: terms of exchange offer re: Alltel

Visa V:
9/11/14 8K re: deposit of $450 mil in litigation escrow account
7/24/14 10Q & 7/24/14 8K re: qtr ended 6/30/14
7/23/14 8K re: quarterly div. of 40 cents payable 9/3 to record holders as of 8/15.

WalMart WMT:
9/5/14 10Q & 8/14/14 8K re: results for qtr ended 7/31/14
7/24/14 8K re: election of Greg Foran as Pres/CEO of Walmart USA  to replace Bill Simon

NO MAS AMIGOS