http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,876 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.
The Dow Jones Industrial Average closed Tuesday at 16719.39 down 272.52 or 1.60% from Monday's close of 16991.91. Of the Dow components only Coke gained and 29 declined. The only and biggest gainer dollar-wise and percentage-wise was Coke up 33 cents or 0.76%. The biggest decliner dollar-wise was Visa down $3.86 and percentage-wise was Caterpillar down 3.37%.
As of the open of the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.15571590501117. Tuesday's trailing P/E ratio is 16.10 up from Monday's trailing P/E ratio of 15.90 (last year it was 15.38). Tuesday's P/E estimate is 14.93 unchanged from Monday's P/E estimate of 14.93 (year ago it was 13.99) and Tuesday's dividend yield is 2.22 down from Monday's dividend yield of 2.24 (last year it was 2.20). 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.
Tuesday's Dow Jones Industrial Average numerator is 2603.47 down 42.44 from Monday's numerator of 2645.91. 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 Tuesday's Dow Jones Industrial Average was $86.78 down $1.42 cents from Monday's average closing price of $88.20. The median closing price of Tuesday's Dow Jones Industrial Average was $86.23 (AXP/DIS) down $1.57 from Monday's median closing price of $87.80 (AXP/DIS). The lowest volume was Visa and the highest volume was GE.
If Tuesday 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 $4,244 ($264,868 - $260,437).
10/7/14 Tues. 4:30 MarketWatch by Anora Mahmudova & Carla Mozee says
Tuesday'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 |
************************
The following are excerpts from Tuesday morning's Blog:
A read of the print editions of Tuesday's Wall Street Journal, Financial Times, Investor's Business Daily, 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 Monday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at 16991.91 down 17.78 or 0.10% from Friday's close of 17009.69. For the year the Dow is up 2.51%. Of the Dow components 12 gained, Microsoft was unchanged and 17 declined. The biggest gainer dollar-wise was Caterpillar up 61 cents and percentage-wise was Coke up 1.4%. The biggest decliner dollar-wise was Nike down $1.07 and percentage-wise were Nike and Cisco both down 1.19 %.
WSJ pC4 "Stocks fall as investors book Friday gains" by Dan Strumpf says stocks slipped Mongiving back some of the prior session's gains, as investors continued to weigh improved US economic growth against a slowdown overseas.
NYT pB5 "Shares slip as investros await news from Fed about rates" by AAP says encouraging corp news did not lift the broader stock market on Mon.
IBD pB3 "Indexes hit resistance at key moving averages" by Vincent Mao says Monday's action was down in mixed volume while the current outlook is market in correction.
Monday's Dow Jones Industrial Average numerator is 2645.91 down 2.76 from Friday's numerator of 2648.68. 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 $88.20 down 9 cents from Friday's average closing price of $88.29. The median closing price of Monday's Dow Jones Industrial Average was $87.80 (AXP/DIS) down 1 cent from Friday's median closing price of $87.81 (AXP/DIS). The lowest volume was Travelers and the highest volume was Microsoft.
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 $276 ($264,868 - $264,591).
10/6/14 Mon. 4:30 MarketWatch by Anora Mahmudova & Carla Mozee says the U.S. stock market ended a choppy Monday trading session lower as investors appeared to book profits after last week’s rally. Small-cap and tech stocks led trading declines.The Russell 2000 RUT, -0.91% fell 10.10 points, or 0.9%, to 1,094.65 while the Nasdaq Composite COMP, -0.47% lost 20.82 points, or 0.5%, to 4,454.80. The S&P 500 SPX, -0.16% closed 3.1 points, or 0.2%, lower at 1,964.82 as the Dow Jones Industrial Average DJIA, -0.10% fell 17.72 points, or 0.1%, to 16,991.97. In the absence of economic and corporate news, stock prices gyrated as indexes hovered near key technical levels. The S&P 500 fell below its 50-day moving average last week and has struggled to move above that threshold. Sam Stovall, equity strategist at S&P Capital IQ, attributed weakness in stock prices to cautious investing (meaning investors aren’t inclined to take strong directional bets) ahead of earnings season.Stovall added that people are saying, ‘We’re probably due for some sort of pullback,’” and chart watchers have noticed the S&P 500 has been making lower highs in the last two weeks.Stocks on the move: Hewlett-Packard HPQ, +4.74% shares climbed 4.7% as the company said it plans to split into two, separating businesses: personal-computer and printer businesses from its corporate hardware and services operations. Medical technology company Becton, Dickinson BDX, +7.89% has reached a deal to buy CareFusion CFN, +22.92% for $12.2 billion in cash and stock. CareFusion shares rallied 23%. Tesla Motors TSLA, +2.12% is set to unveil its Model 3 mass-market car and new versions of its Model S sedan at an event on Thursday, according to Global Equities Research analyst Trip Chowdhry. Tesla shares were up 2.1%. H&R Block HRB, -5.53% shares fell 5.5% after the tax services company said regulatory approval for the sale of H&R Block Bank won’t be completed in the current year. Sunesis Pharmaceuticals SNSS, -78.01% sank 78% after the company said a late-stage trial of a cancer treatment failed to meet its primary goals. Other markets: The dollar DXY, -1.08% pulled back against major rivals after Friday’s climb. Japan’s Nikkei Average NIK, +1.16% and Hong Kong’s Hang Seng Index HSI, +1.09% each rose more than 1%, and European stocks SXXP, +0.24% closed higher. Falling dollar propped up commodity prices. Oil futures CLX4, +0.82% settled higher, while gold prices GCZ4, +1.23% rallied $14 an ounce, and settled above 1,200 an ounce. Gold on Friday turned negative for the year.
Tuesday's Dow News followed by Monday's Closing Dow Numbers:
AT&T: WSJ pA1 "Corporations call it splits" by David Benoit, Theo Francis, James R. Hagerty says there are pressures on various companies to do what Hewlett-Packard just did in splitting up and mentions AT&T, GE and 3M.
American Express: No mentions found.
Boeing: IBD pA2 "Boeing, Alaska ink 737 deal" by says Alaska Airlines ordered 10 737s with a list price of $990 mil.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: No mentions found.
Disney: WSJ pB6 "Disney to bail out French partner" by Inti Landauro, NYT pB7 "Disney money", FT p15 "Euro Disney woes force 1bn Euro bailout" & p19 "Debt laden euro Disney's daunting uphill struggle" by Hugh Carnegy dis say Disney is paying more than $525 mil to help euro Disney SCA.
WSJ p1D "Overhead" says NBA signed deals with Disney and Time Warner for rights to air games through the '24 - '25 season.
DuPont: WSJ pA1 "Corporations call it splits" by David Benoit, Theo Francis, James R. Hagerty says there are pressures on various companies to do what Hewlett-Packard just did in splitting up and mentions AT&T, GE and 3M.
Exxon: No mentions found.
GE: WSJ pA1 "Corporations call it splits" by David Benoit, Theo Francis, James R. Hagerty says there are pressures on various companies to do what Hewlett-Packard just did in splitting up and mentions AT&T, GE and 3M.
Goldman Sachs: WSJ pC10 j"Big banks' case of the bond blues mellows" by John Carney says Goldman Sachs and JPMorgan's fixed income operations are improving.
NYT pB7 "Libya's sovereign fund and Goldman Sachs clash in court" by Jenny Anderson says a suit brought by Libyan Investment Authority in London involving $1.2 bil of derivative transactions designed and executed by Goldman in '08.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC10 j"Big banks' case of the bond blues mellows" by John Carney says Goldman Sachs and JPMorgan's fixed income operations are improving.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: FT p22 "Merck sale boosts Europe's bond market' by Robin Wigglesworth, Andrew Bolger says Merck boosted Europe's corporate bond market by launching a 3 part bond sale.
Microsoft: No mentions found.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: WSJ pA1 "Corporations call it splits" by David Benoit, Theo Francis, James R. Hagerty says there are pressures on various companies to do what Hewlett-Packard just did in splitting up and mentions AT&T, GE and 3M.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: No mentions found.
Visa: No mentions found.
Walmart: IBD pA3 "Walmart offers health help" says Walmart will offer in store health insurance shopping with DirectHealth.com, a health insurance comparison site and agency.
NYT pB9 "Walmart aims to go greener on food" by Stephanie Strom says Walmart said it would reduce the environmental impact of the food its sells & help customers improve their nutrition.
******************
Monday'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 | unch | 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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