Tuesday, September 30, 2014

9/30/14 Tues. am Walmart Names 30 Year Old Instagram CEO to Its Board


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

Post No. 2,853 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  Tuesday's Wall Street Journal, Financial Times, Investor's Business Daily, 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 Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed  Monday at 17071.22 down 41.93  or 0.25%  from Friday's close of 1711.15. For the year the Dow is up 3%. Of the Dow components  10 gained and 20  declined.  The biggest gainer   dollar-wise was McDonald's and percentage-wise was Intel up 1.87%. The biggest decliner   dollar-wise was Goldman Sachs down $1.29 and percentage-wise was Exxon down 1.05%.

WSJ pC1 "Hong Kong upheaval shakes stocks" by Dan Stumpf says Russia's rift with the West & escalation of Mid East tensions have unsettled fin'l markets as the Dow was down in 4 of the past 6 trading days in 3Q which ends today.

NYT pB4 "Shares close lower on worries about global uncertainty" by AAP says the stock market came back from an early sell-off on Mon and ended with modest losses in another day of choppy trading.

FT p23 "Upbeat holiday forecast sends FedEx higher" by Eric Platt, Mamta Badkar says US equity markets declined moderately following bourses in Asia & Europe lower.

IBD pB3 "Stocks show resilience; distribution hits S&P 500" by Vincent Mao says Monday's action saw indexes trim losses while the current outlook is uptrend under pressure.

As of the open of  the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C6 of  Tuesday's Wall St. Journal is 0.15571590501117.  Tuesday's trailing P/E   ratio is 16.1 up  from yesterday's   trailing P/E ratio of 16.03  (last year it was 15.58).  Today's P/E estimate is 15.06 unchanged from Monday's P/E estimate of 15.06 (year ago it was 14.39) and today's dividend yield is 2.20 down from  yesterday's dividend yield of 2.22  (last year it was 2.16). 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.

Monday's Dow Jones Industrial Average numerator is 2658.26 down 6.53 from  Friday's   numerator of 2664.79.  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  Monday's Dow Jones Industrial Average was $88.61 down 22 cents from Friday's  average closing price of $88.83.  The median closing price of  Monday's Dow Jones Industrial Average was $87.23  (UNH/AXP) down 11  cents from Friday's median closing price of $87.34 (UNH/AXP). The lowest volume was  Travelers  and the highest volume was GE.

If  Monday 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  $653  ($266,479 - $265,826).

9/29/14 Mon. 4:43 MarketWatch by Anora Mahmudova & Carla Mozee says
U.S. stocks recovered from early morning selling bout, but still finished lower on Monday, as investor confidence was hit by violent unrest in Hong Kong and a brief spike in the dollar.Skittishness receded somewhat after better-than-expected consumer spending data, but investors kept to safe havens such as Treasurys , shunning riskier assets like stocks.The S&P 500 SPX, -0.25%  closed down 5 points, or 0.3%, to 1,977.80, with energy and materials leading the losses. The Dow Jones Industrial Average DJIA, -0.25%  dropped 41.93 points, or 0.3%, to 17,071.22. The Nasdaq Composite COMP, -0.14%  shed 6.34 points, or 0.1%, to 4,505.85.10-year U.S. Treasury note rallied, pushing yields down to 2.49%, while gold added $2 to 1,217.1.At least some of the early unrest in the market stemmed from violent pro-democracy clashes in Hong Kong over the weekend and on Monday, which forced some banks and businesses to close and pushed the Hang Seng Index HSI, -1.90% 1.9% lower. Meanwhile, the dollar eased after hitting its highest level in more than six years against the yen on the perception that the U.S. central bank is looking stronger than its peers around the globe.Jeffrey D. Saut, chief investment strategist at Raymond James, wrote that the rising dollar, which has been on a bull run for the past 11 weeks, has weighed on the price of commodities and precious metals, while the S&P 500 has been stuck around the 2000 level for three months. “The dollar is currently the most overbought it has been in decades. Watch the Dollar Index, if it makes a trading top and begins a pullback look for a rally in stocks, as well as commodities,” he added. Two big events to watch during the week: “For us, this week is about two things: ECB [European Central Bank] policy and nonfarm payrolls,” said Wouter Sturkenboom, a London-based investment strategist at Russell Investment, referring to Thursday’s ECB meeting and Friday’s payrolls. He said traders are expecting a robust payrolls growth number of around 215,000. “Anything that upsets that expectation will cause volatility, but that volatility could go either way.”
Data: Consumer spending rebounded in August as Americans spent more on heavy-duty items such autos and less on nondurable goods like gasoline, while income increased as well. Separately, a gauge of pending home sales fell 1% in August, pulling back from an 11-month high in July, the National Association of Realtors reported Monday. Stocks to watch: DreamWorks Animation SKG DWA, +26.03%  surged 26% after The Hollywood Reporter said Japanese conglomerate SoftBank 9984, -1.18%  is looking to acquire the animation studio.Athlon Energy Inc ATHL, +24.80%  jumped 25% on news Encana Corp. ECA, +2.18% ECA, +1.99%  was planning on buying it for $5.93 billion in cash.Shares of Ambit Biosciences Corp. AMBI, +87.07%  climbed 87% to $15.34 on news Daiichi Sankyo Co. will acquire Ambit for about $315 million in cash.European Union regulators are expected to publish a report on Tuesday showing that the tax practices of Apple Inc. AAPL, -0.15%  and Fiat SpA F, -1.68%  violated EU law, according to a report in The Wall Street Journal reported, citing sources. Apple shares fell 0.6%.Late Friday, Yahoo! Inc. YHOO, -0.34%  Chief Executive Officer Marissa Mayer said the company is reviewing a letter from activist investor Starboard Value, urging it to merge with AOL Inc. AOL, -0.34% Shares eased 0.3%..Options contracts on shares of Alibaba Group Holding Ltd. BABA, -1.89%  became available on Monday. Shares fell 2% on Monday to $88.75 and are down 5.5% from the closing price on the first trading day.Janus Capital Group Inc. JNS, -7.49%  shares fell 7.5%. On Friday, Pimco founder Bill Gross said he would leave Pimco to take a job at Janus. Morgan Stanley upgraded Janus shares to equal weight on the view that more assets will follow Gross than the market expects. Read more about the day’s notable stocks in Movers & Shakers.Elsewhere, Hong Kong markets slipped on the back of its protests, while the rest of Asia finished mixed. Europe stocks SXXP, -0.38% eased back with miners under pressure in London, partly due to China-growth worries.

Tuesday's Dow News followed by Monday's Closing Dow Numbers:

AT&T:  No mentions found.

American Express:  No mentions found.

Boeing:  FT p19 "Airbus dealmaker set to fight insider trading charges" by Michael Stothard says in '95 Airbus had less than a fifth of the passenger jet market leaving the rest to Boeing and today it has half the market having sold 13,000 jets since '95.

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:  No mentions found.

Home Depot:   WSJ pA1 "As personality tests multiply, employers are split" by Lauren Weber, Elizabeth Dwoskin says a test at McDonald's for new employees says "If something very bad happens, it takes some time before I feel happy again.  Home Depot is mentioned as a company who gives personality tests to applicants.

Intel:  WSJ pC4 "Intel's Chian call requires a quick payoff" by Dan Gallagher says Intel has struck a deal to pay $1.5 bil for a 20% stake in China state-owned Tsinghua Unigroup that owns Spreadrum Communications.

IBM:  No mentions found.

JPMorgan:  No mentions found.

Johnson & Johnson:  No mentions found.

McDonald's:  WSJ pA1 "As personality tests multiply, employers are split" by Lauren Weber, Elizabeth Dwoskin says a test at McDonald's for new employees says "If something very bad happens, it takes some time before I feel happy again.  Home Depot is mentioned as a company who gives personality tests to applicants.

Merck:  WSJ pB4 "New type of therapy for cancer gets boost" by Hester Plumridge says a flurry of new cancer drug data from a conference in Europe is offering fresh promise for immunotherapies.  The conference kicked off in Madrid Friday.  Merck is among those firms that presented data on their own experimental PD-1 or PD-L1 drugs.

Microsoft:  WSJ pB4 "Microsoft looks to its next version of Windows" by Shira Ovide says Microsoft today will give its first peek at the next version of Windows.

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:  No mentions found.

Visa:  No mentions found.

Walmart:  WSJ pB3 "Walmart taps tech expert" by Shelly Banjo says Kevin Systrom was elected to Walmart's board Monday to expand its tech expertise to better compete with Amazon.com.

Monday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
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) (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


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