http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,895 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 Monday's Barron's & Investor's Business Daily, the combined Sat/Sun issues of each of the Wall Street Journal & Financial Times; & Saturday's New York Times & Atlanta Journal & Constitution 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 Friday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 16380.41 up 263.17 or 1.63 from Thursday's close of 16117.24. For the week the Dow was down 163.69 or 0.99% from last Friday's close of 16,544.10. For the year the Dow is down 1.18%. Of the Dow components al l30. The biggest gainer dollar-wise was Goldman Sachs and percentage-wise was UnitedHealth up 3.27%.
WSJ pB1 "Stock leap caps wild week" by Alexandra Scaggs says US stocks capped their wildest week in 3 years on a high note Friday.
IBD pB8 "Stock indexes post solid gains, but market is still in correction" by Paul Whitfield says Friday's action was up in lower vol.
FT p3 "Equities rally on rates shift hopes" by Ralph Atkins, Chris Giles, Vivianne Rodrigues says global equities rallied Fri encouraged by hints that US & UK monetary policy tightening cold by delaying and capping at urbulent week in fin'l markets that saw dramatic swings in bond yields.
NYT pB7 "Market ends volatile week on a high note" & Sat. AJC pA8 "Stocks end week with big gain" by AP say the stock market capped a turbulent week with a big gain Friday, a sign of renewed investor confidence.
As of the open of the market on Monday the current divisor for the Dow Jones Industrial Average found at page B6 of Saturday's Wall St. Journal is 0.15571590501117. Monday's trailing P/E ratio is 15.06 down from Friday's trailing P/E ratio of 15.06 (last year it was 15.85). Monday's P/E estimate is 14.24 down from Friday's P/E estimate of 14.73 (year ago it was 14.13) and Monday's dividend yield is 2.35 up from Thursday's dividend yield of 2.34 (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.
Friday's Dow Jones Industrial Average numerator is 2550.69 up 40.98 from Thursday's numerator of 2509.71. 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 $85.02 up $1.36 from Thursday's average closing price of $83.66. The median closing price of Friday's Dow Jones Industrial Average was $85.51 (DIS/NKE) up $1.69 from Thursday's median closing price of $83.82 (PG/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 made $4,098 ($255,069 - $250,971).
10/17/14 Fri 4:34 MarketWatch by Anora Mahmudova & Sara Sjolin says following steep losses and massive intraday swings over the past five days, the U.S. stock market wrapped up the week on a relative high note, with the key benchmarks registering more than 1% gains on Friday.
Earlier in the week, investors exhibited panicky selling behavior as concerns over global growth, volatility in oil and the dollar, as well as fear of the spread of Ebola, converged. On Friday, stocks got a boost from upbeat earnings reports from heavyweights, such as General Electric. The S&P 500 SPX, +1.29% gained 24 points, or 1.3%, to 1,886.76, led by gains in industrials and health care sectors. The Dow Jones Industrial Average DJIA, +1.63% jumped 263.17 points, or 1.6%, to 16,380.41. The Nasdaq Composite COMP, +0.97% rose 41.05 points, or 1%, to 4,258.44.
The main benchmarks were still left nursing modest weekly losses after brutal selloffs earlier in the week. Weekly losses were fourth in a row.The Russell 2000 RUT, -0.35% dipped 4 points, or 0.4% to 1,082.33, underperforming its large-cap counterpart on Friday after relative strength over the week. Indeed, the small-cap index ended the week with a gain of 2.8%.J.C. Parets, founder and president of Eagle Bay Capital, warns not to be fooled by the snapback, asserting that carnage the equity markets experienced isn’t nearly over. “We get the most vicious rallies during market declines,” he cautions in an interview. Thursday’s sharp gains came after a choppy session on Wall Street on Thursday, when the benchmarks fell around 1% at the open. However, they recovered throughout the day, helped by comments from President of the St. Louis Federal Reserve James Bullard, who raised the possibility of extending bond purchases. Bullard isn’t a voting member this year of the rate-setting Federal Open Market Committee. Boston Fed President Eric Rosengren told CNBC on Friday he does not expect the U.S. economy to need another round of quantitative easing, but added that he would not rule out that possibility. Earnings: Several heavyweights reported results ahead of the opening bell. General Electric Co. GE, +2.35% shares rose 2.4% after third-quarter earnings topped market expectations. Defense contractor Honeywell International Inc. HON, +4.25% lifted its low end of its 2014 per-share outlook, after third-quarter earnings beat expectations, sending the shares 4.3% higher.
Saturday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: WSJ pB3 "New iPad lets users swap their data plans" by Thomas Gryta says AT&T will allows iPad users to buyer wireless service a la carte on the spot but Verizon isn't.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: Barron's p22 "Bargains abound after last week's selloff" by Avia Salzman lists Chevron, Disney and Pfizer as companies that have promising prospects and newly cheap shares. Chevron yields 3.9%.
Cisco: No mentions found.
Coke: No mentions found.
Disney: Barron's p22 "Bargains abound after last week's selloff" by Avia Salzman lists Chevron, Disney and Pfizer as companies that have promising prospects and newly cheap shares. Chevron yields 3.9%.
DuPont: No mentions found.
Exxon: No mentions found.
GE: WSJ pB3 "GE highlights medical unit as earnings rise" by Ted Mann, Barron's pM2 "Charts", IBD pA1 "GE industrials heat up on US but oil prices prompt caution" by Gillian Rich, NYT pB3 "Robust demand for industrial equipment lifts General Electric's profit 11%" by Steve Lohr, Sat. AJC pA9 "GE's third quarter profits up 11 percent" say GM had net profit of $3.5 bil from last year's quarter. Rev rose 1% to $36.2 bil from $35.7 bil last year.
Barron's pM3 "A rocky week ends with a rebound" by Vito J. Racanelli says GE topped 3 quarter earnings expectations and United Technologies shares are down 16% from highs and UTX has done a great job of positioning itself in the long term trend of energy efficiency in buildings and jet engines.
Goldman Sachs: Barron's p36 "Stock picks" by Jack Hough says Goldman Sachs is a buy due to enticing valuation and share price weakness.
WSJ pB1 "Banks charging for Euro deposits" by Juliet Chung, Vipal Monga says instead of paying customers interest on their euro accounts Goldman Sachs and JPMorgan have started charging clients due to EU policies encouraging banks to lend more.
Home Depot:
Intel: Barron's p51 "Research reports" edited by Paul Farrell says Morgan Stanley has Intel as underweight as Intel had a solid quarter and was positive but there is no explanation as to the disparity between its unit growth up 15% and notebooks up 21% versus PC unit growth which was flat.
IBD pB2 "Weekly top 10" says Intel earnings reassure market as the 5th top story of the week.
IBM: Barron's p17 "Week preview" says on Monday IBM reports quarterly results after the market closes; on Thursday 10/23 Microsoft reports results after the close, and on Friday Procter & Gamble reports results.
JPMorgan: Barron's p16 "Last week review" JPMorgan missed analysts' profit estimates as higher legal expenses outweighed better trading rev.
WSJ pB1 "Banks charging for Euro deposits" by Juliet Chung, Vipal Monga says instead of paying customers interest on their euro accounts Goldman Sachs and JPMorgan have started charging clients due to EU policies encouraging banks to lend more.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: Barron's p17 "Week preview" says on Monday IBM reports quarterly results after the market closes; on Thursday 10/23 Microsoft reports results after the close, and on Friday Procter & Gamble reports results.
Nike: No mentions found.
Pfizer: Barron's p22 "Bargains abound after last week's selloff" by Avia Salzman lists Chevron, Disney and Pfizer as companies that have promising prospects and newly cheap shares. Chevron yields 3.9%.
Procter & Gamble: Barron's p17 "Week preview" says on Monday IBM reports quarterly results after the market closes; on Thursday 10/23 Microsoft reports results after the close, and on Friday Procter & Gamble reports results.
WSJ pB14 "Consumer stocks with home help" by Justin Lahart says US accounts for just 35% of P&G's sales.
3M: No mentions found.
Travelers: No mentions found.
United Technologies: Barron's pM3 "A rocky week ends with a rebound" by Vito J. Racanelli says GE topped 3 quarter earnings expectations and United Technologies shares are down 16% from highs and UTX has done a great job of positioning itself in the long term trend of energy efficiency in buildings and jet engines.
UnitedHealth: No mentions found.
Verizon: WSJ pB3 "New iPad lets users swap their data plans" by Thomas Gryta says AT&T will allows iPad users to buyer wireless service a la carte on the spot but Verizon isn't.
Visa: No mentions found.
Walmart: Barron's pM11 "Striking Price" by Steven M. Sears says Walmart is warning of tough times ahead due to a stronger dollar and lower food stamp payments.
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 | ▲ | 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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