http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,857 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 Thursday'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 Wednesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 16804.71 down 238.19 or 1.40% from Tuesday's close of 17042.90. For the year the Dow is up 1.38%. Of the Dow components all 30 declined. The biggest decliner dollar-wise was Visa down $3.36 and percentage-wise was Intel down 2.28%.
WSJ pC1 "Retreat from risk pummels stocks" by Alexandra Scaggs says stocks tumbled to their lowest levels since Aug with smaller firms hit particularly hard as investors retreated from riskier corners of the market amid worries about the pace of global economic growth.
FT p21 "Wall street" by Eric Platt, Mamta Badkar says US investors postured defensively Wed following the weakest reading of Eurozone manufacturing in more than a year.
NYT pB5 "Markets buckle, hit by weak economic news" & AJC pA9 "US stocks take a nosedive" by Ken Sweet AP say investors dumped airlines after news of Ebola diagnosis and due to German manufacturing falling last month.
IBD pB3 "Nasdaq scores 8th day of big institutional selling" by David Saito-Chung says a mixed batch of economic data Wed & concerns after Ebola triggered one of the biggest sell offs in months as Wed action was broad decline in heavier vol & the current outlook is market is in correction.
As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C6 of Thursday's Wall St. Journal is 0.15571590501117. Thursday's trailing P/E ratio is 16.13 down from yesterday's trailing P/E ratio of 16.15 (last year it was 15.58). Today's P/E estimate is 15.06 unchanged from Wednesday's P/E estimate of 15.06 (year ago it was 14.39) and today's dividend yield is 2.22 up from yesterday's dividend yield of 2.21 (last year it was 2.17). 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.
Wednesday's Dow Jones Industrial Average numerator is 2616.76 down 37.09 from Tuesday's numerator of 2653.85. 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 $86.65 down $1.81 from Tuesday's average closing price of $88.46. The median closing price of Wednesday's Dow Jones Industrial Average was $86.65 (AXP/DIS) down 25 cents from Tuesday's median closing price of $86.90 (UNH/AXP). The lowest volume was Travelers and the highest volume was GE.
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 $3,709 ($265,385 - $261,676).
10/1/14 Wed. 4:34 MarketWatch by Anora Mahmudova & Carla Mozee says U.S. stock
U.S. stock investors turned away from stocks on Wednesday and piled into safe havens such as Treasurys, sending the main benchmarks sharply lower. Broad-based declines on Wall Street were led by tech and small-cap stocks. The Russell 2000 index RUT, -1.48% lost 1.5% and is now in correction territory, defined as a drop of more than 10% from a recent peak, in this case on March 4.
The Dow Jones Industrial Average DJIA, -1.40% fell 238.19 points, or 1.4%, to 16,804.71 and undercut its 50-day moving average. The blue-chip index moved by triple-digits in six out of past eight sessions. The index is down 2.75% from its record close set Sept. 19.Wednesday’s skittishness appeared to have stemmed from upbeat employment and manufacturing data for September, which although points to positive momentum for the U.S. economy, continued to fuel worries that the Federal Reserve may raise interest rates sooner than later. Private employers added 213,000 new jobs in September, and many view the report as a proxy for the non-farm payrolls data due on Friday. Manufacturing in the U.S. is still expanding, albeit slightly slower. Both PMI and ISM indexes ticked down, however indicated growth. The upbeat economic data should be a positive, but ironically, have investors fretting they may need to retool their holdings. The S&P 500 SPX, -1.32% fell 26.13 points, or 1.3%, to 1,946.16, with materials and industrials leading the losses. Only the utilities sector stayed in positive territory. The Nasdaq Composite COMP, -1.59% shed 71.30 points, or 1.6%, to 4,422.09. The CDC is hoping to contain Ebola. Economic data: Private-sector hiring picked up slightly in September, marking the sixth consecutive month of above-200,000 job gains, according to data released Wednesday. Economists will use this data as a guide leading up to Friday’s nonfarm-payrolls report, where expectations are for a gain of 220,000 jobs.U.S. manufacturing companies grew at slower but still rapid pace in September, a survey of executives found. The final Markit reading of U.S. manufacturing conditions in September fell slightly, but still, the index is just a hair below the highest level in more than four years. Separately, outlays for U.S. construction projects unexpectedly fell in August, the U.S. Commerce Department reported.Cars and biotechs: Monthly sales reports from U.S auto makers were mixed. Ford Motor Co. F, -1.35% September sales dropped 3% and shares fell 1.4%. General Motors GM, +1.72% sales rose 19.4%, and shares rose 1.7%. See Trading Strategist: Is the auto sector picking up speed?Tekmira Pharmaceuticals Corp. TKMR, +18.21% surged 18% after the Center for Disease Control and Prevention confirmed the first known Ebola case diagnosed in the U.S.Shares of Lakeland Industries LAKE, +29.64% soared 30% amid heavy volume, as investors made a bet on a maker of Hazmat-suit maker in the wake of Ebola case.
But airline companies were hit, as investors feared the spread of Ebola would deter passengers from flying. Southwest Airlines LUV, -3.61% fell 3.6%, Delta Air Lines DAL, -3.46% fell 3.5%.
Other markets: U.S. Treasurys rallied, pushing the yield to 2.39%. Oil prices CLX4, -0.50% were little changed, after a selloff on Tuesday that pushed prices to their lowest in more than a year. Gold prices GCZ4, +0.16% rose $3.5 to 1,215.2.Supermarkets were under pressure on the FTSE 100 UKX, -0.98% after sales fell at Sainsbury PLC SBRY, -6.96% and U.K. regulators announced a probe into Tesco PLC TSCO, -3.22% over its accounting practices. The Stoxx Europe 600 index SXXP, -0.83% was slightly lower.The Nikkei 225 index NIK, -0.56% eased, while Hong Kong and Chinese markets were closed for a holiday. Pro-democracy rallies spread further across Hong Kong on Wednesday, which had some worried about the demonstration escalating.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: No mentions found.
American Express: No mentions found.
Boeing: WSJ pB3 "Why Boeing beat SpaceX in NASA's taxi contest" by Andy Pasztor says Boeing's higher ranking than Space Exploration Technologies Corp. during NASA's recent competition to build space taxis is the reason.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: NYT pB4 "Coca-Cola, yielding to criticism, revises its plan for executive pay" by Peter Eavis, FT p16 Coca-Cola surrenders to activists on share awards" by Schererazade Daneshkhu WSJ pB1 "Coke scales back stock options" by Mike Esterl, Joann S. Lublin, IBD pA2 "Coke reworks stock equity plan" IBD pB9 "Soft drink firms toast of market" by Ken Hoover, AJC pA9 "Coca-Cola revises executive paya fter criticism" by Candice Choi, AP say Coke is curtailing its pay plan for execs after Warren Buffett and other shareholders called it excessive.
AJC pA10 "Coke, Pepsi to battle over its sweeteners" says Pepsi will roll out a reduced version of its soda with stevia while Coke is testing Coca-Cola Life, also made of stevia.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Goldman Sachs: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pb3 "JPMorgan credits put at $869 mil" by Emily Glazer, Christina Rexrode says JPMorgan is one fifth of the way in paying out $4 bil in consumer aid as part of its mortgage securities settlement with the US Justice Dept.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: WSJ pB3 "New pump could cut diabetes treatments" by Ron Winslow says Merck's Januvia is among the leading oral medications for Type 2 diabetes.
Microsoft: NYT pB7 "For Windows 10, Microsoft goes back to a familiar look" by Nick Wingfield, IBD pA2 "Windows 8 usage tumbles" say Windows 8, the 2 year old PC op system, fell to 12.3% from 13.4% in Sept.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: IBD pA3 "King Gillette's idea was cutting edge" by Scott S. Smith tells the story of Procter & Gamble's Gillette razors.
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.
Wednesday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | ▼ | NYSE | |||
| AXP | ▼ | NYSE | |||
| BA | ▼ | NYSE | |||
| CAT | ▼ | NYSE | |||
| CVX | ▼ | NYSE | |||
| CSCO | ▼ | NASDAQ-GS | |||
| KO | ▲ | NYSE | |||
| DIS | ▼ | NYSE | |||
| DD | ▼ | NYSE | |||
| XOM | ▼ | NYSE | |||
| GE | ▼ | NYSE | |||
| GS | ▼ | NYSE | |||
| HD | ▼ | NYSE | |||
| INTC | ▼ | NASDAQ-GS | |||
| IBM | ▼ | NYSE | |||
| JPM | ▼ | NYSE | |||
| JNJ | ▼ | NYSE | |||
| MCD | ▼ | NYSE | |||
| MRK | ▼ | NYSE | |||
| MSFT | ▼ | NASDAQ-GS | |||
| NKE | ▼ | NYSE | |||
| PFE | ▼ | NYSE | |||
| PG | ▼ | NYSE | |||
| MMM | ▼ | NYSE | |||
| TRV | ▼ | NYSE | |||
| UTX | ▼ | NYSE | |||
| UNH | ▼ | NYSE | |||
| VZ | ▼ | DualListed | |||
| V | ▼ | NYSE | |||
| WMT | ▼ | NYSE |
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
American Express AXP Kenneth I. Chenault (NY, NY)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Goldman Sachs GS Lloyd Blankfein (NY, NY)
Home Depot HD Frank Blake (Atlanta, GA) (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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