http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,891 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, USA Today, New York Times & Atlanta Journal & Constitution & Daily Report (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 16141.74 down 173.45 or 1.06% from Tuesday's close of 16315.19. For the year the Dow is down 2.62 %. Of the Dow components 6 gained and 24 declined. The biggest gainer dollar-wise and percentage-wise was Johnson & Johnson up $1.20 or 1.24%. The biggest decliner dollar-wise was Walmart down $2.78 and percentage-wise was JPMorgan down 4.24%.
WSJ pA1 "Stocks swoon in frenzied day" by Tom Lauricella, Chris Dieterich says frenzied trading swept global fin'l markets Wed as US Treasury yields plunged to their lowest level in 16 months.
NYT pA1 "Steep sell off spreads fear to Wall Street" by Peter Eavis, Landon Thomas Jr. says waves of selling buffeted the market in the US Wed after a steep sell off in Europe.
FT p1 "Fear returns to stalk markets" by Stephen Foley, Vivianne Rodrigues, ralph Atkins says raisng concerns about the global economy triggered a flash crash in US treasury yields Wed as losses spread across stocks markets & a new wave of investors appeared to give up on their bullish bets.
USAT p1B "Bargain hunters rescue stocks from gut punch" by Adam Shell, Gary Strauss says the market was down on renewed fears over the slowing global economy, corp earnings & Ebola.
WSJ pC1 "Traders fight to keep client's fears in check" by Corrie Driebusch, Cynthia Lin says as the stock market and bond yields feel, there were lots of calls from worries clients Wed as stork trading volume hit its highest level in nearly 3 years.
IBD pB3 "Nasdaq bounces sharply off its lows; IBD 50 rises" by David Saito-Chung says stocks got pummeled for a 4th loss in 5 sessions Wed but a mid afternoon rally took some sting out of the blow as Wednesday's action saw indexes cut big losses as vol rises and the current outlook is market is in correction.
AJC pA13 "Wall Street churns; stocks plunge" by AAP says fear drove Wall Street to one of it most dramatic dizzying days in years as investors fled stocks & poured into bonds due to concerns re: a global economic slowdown. At one point the Dow was down 460.
As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C4 of Thursday's Wall St. Journal is 0.15571590501117. Thursday's trailing P/E ratio is 15.37 down from Wednesday's trailing P/E ratio of 15.39 (last year it was 15.83). Thursday's P/E estimate is 14.73 unchanged from Wednesday's P/E estimate of 14.73 (year ago it was 14.13) and Thursday's dividend yield is 2.31 unchanged from Wednesday's dividend yield of 2.31 (last year it was 2.14). 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 2513.53 down 37 from Tuesday's numerator of 2540.53. 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 $83.78 down 88 cents from Tuesday's average closing price of $84.68. The median closing price of Wednesday's Dow Jones Industrial Average was $82.56 (UNH/PG) down $2.99 from Tuesday's median closing price of $85.85 (PG/DIS). The lowest volume was Travelers and the highest volume was Intel.
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 $3,700 ($254,053 $251,353).
10/15/14 Wed. 4:51 MarketWatch by Anora Mahmudova says Wall Street flirted with its worst decline in more than 3 years in a roller -coaster day of trading that culminated with shares recovering from the depths of what began as a bona fide market rout Wednesday. U.S. stocks sold off amid the largest volume in nearly three years, as investors jettisoned risky securities and scrambled for the safety of government bonds as 10-year Treasurys surged and yields briefly dipped below 2%, until settling at a 52-week low. Implied volatility on the S&P 500, as measured by the CBOE Vix index jumped to levels not seen in more than 2 years. Vix rose 15% to 26. The S&P 500 briefly turned negative for the year before rebounding and on intraday basis recorded a 9.8% decline from peak to trough. The benchmark index closed down 15.21 points, or 0.8%, to 1,862.49. The Dow Jones Industrial Average fell as much as 460 points, but finished down 173.45 points, or 1.1%, to 16,141.74. The Nasdaq Composite at one point entered correction territory, falling more than 10% from its previous peak, but regained its footing, finishing with modest losses. The tech-heavy index closed down 11.85 points, or 0.3%, to 4,215.32. Meanwhile, the Russell 2000 defied selling pressure and finished the day up 7 points, or 0.7%, at 1,069. Recap of today’s stock market coverage live blog.
Strategists at Voya Investment Management blamed a “perfect storm” on the selloff. That storm includes: “The surging dollar, plummeting oil prices and recessionary bond yields are creating havoc in the markets because they are signaling deflation. No, not just in Europe but globally as well,” they wrote in a note. Disappointing economic reports added to already jittery sentiment on Wall Street. Reports on manufacturing in the state of New York and U.S. wholesale prices missed expectations, and a reading on retail sales showed a decline for the first time in eight months. Today’s market-moving news: The financial sector led the rout in U.S. stocks on Wednesday, as investors grew concerned about a range of issues from the economy to inflation to the current Ebola outbreak.
Bank of America reported a third-quarter loss that was smaller than expected, however, shares fell 4.6%. J.P. Morgan Chase & Co. was the biggest loser in the Dow Jones Industrial Average falling 4.2%. The Financial Select Sector SPDR Fund , which tracks financial stocks in the S&P 500 SPX fell 3.4%.AbbVie Inc. shares rose 0.9% after the U.S. drug maker indicated it’s reconsidering a $54 billion deal to buy Shire PLC in light of new Treasury rules that make that deal less attractive. Shares of Shire slumped 22% in London, weighing on the FTSE 100, while its U.S.-listed shares sank 30%. The AbbVie news spilled over to other so-called inversion plays. Covidien PLC, which earlier this year agreed to be acquired by Medtronic Inc., led S&P 500 decliners, falling 7%.Hazmat-suit related companies that recently rallied on Ebola fears were surging once again. Shares of Lakeland Industries Inc. rallied 10%, Alpha Pro Tech Ltd. jumped 14% and Versar Inc. soared 65.24% to $6.94. Read more in the Movers & Shakers column.American Express , Netflix Inc. and eBay Inc. report after the close. Other markets: Asian stocks largely rebounded from Tuesday losses. European stocks skidded, and the benchmark Stoxx Europe 600 has fallen more than 10% from its 2014 high reached in June, putting it in correction territory.Crude-oil prices fell slightly, while gold prices edged up.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: No mentions found.
American Express: AJC pA14 "American Express revenue falls short", IBD pA2 "American Express" say net income was up 9% in 3Q but short of expectations. Net income rose to $1.47 bil or 1.40 per share vs. $1.35 bil or 1.25 a year ago.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: IBD pA5 "Will Monster Beverage draw energy from Coca-Cola deal?" by Marily Much says Monster is expected to rack up more growth as Coke's energy drink partner.
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: FT p25 "Intel slips on analysts' downgrade despite record revenues" by Mamta Badkar says analysts at Morgan Stanley said it was as good as it gets for Intel and downgraded its stock to underweight while maintaining their $30 price target.
IBM: No mentions found.
JPMorgan: NYT pB1 "Cyberattack at JPMorgan hit race site" by Matthew Goldstein, Nicole Perlroth, Jesssica Silver-Greenberg says the website for the banks series of charitable races was hacked.
Johnson & Johnson: No mentions found.
McDonald's: WSJ pB2 "McDonald's brings back former executive" by Julie Jargon says Karen King returned as chief people officer for the US, she has retired as east division pres. for USA.
Merck: No mentions found.
Microsoft: No mentions found.
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 pB1 "Walmart warns of a rough patch ahead" by Shelly Banjo, NYT pB3 "Walmart cuts its sales forecast as holiday hopes darken" by Hiroko Tabuchi, AJC pA14 "Walmart cuts outlook for rev growth", USAT p3B "Story stocks" say Walmart expects annual sales to be up 2 to 2 percent down from 3 to 5% it said last year.
AJC pA13 "Walmart to pen fulfillment center near airport" by Christopher Seward says this center near Atlanta's airport will process online orders, be 1.2 mil square feet and hire 400 people.
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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