http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,878 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 Wednesday at 16994.22 up 274.83 or 1.64% from Tuesday's close of 16719.39. Of the Dow components 28 gained and 2 declined. The biggest gainer dollar-wise was Visa up $4.31 and percentage-wise was Merck up 2.94%. The biggest decliner dollar-wise and percentage-wise was DuPont down 48 cents or 0.7%.
As of the open of the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C6 of Wednesday's Wall St. Journal is 0.15571590501117. Wednesday's trailing P/E ratio is 16.08 down from Tuesday's trailing P/E ratio of 16.10 (last year it was 15.21). Wednesday's P/E estimate is 14.93 unchanged from Tuesday's P/E estimate of 14.93 (year ago it was 13.99) and Wednesday's dividend yield is 2.22 unchanged from Tuesday's dividend yield of 2.24 (last year it was 2.22). 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 2646.27 up 42.80 from Tuesday's numerator of 2603.47. 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 $88.21 up $1.43 from Tuesday's average closing price of $86.78. The median closing price of Wednesday's Dow Jones Industrial Average was $87.76 (AXP/DIS) down $1.53 from Tuesday's median closing price of $86.23 (AXP/DIS). The lowest volume was Travelers and the highest volume was Cisco.
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 made $4,280 ($264,627 - $260,437).
10/8/14 Wed. 4:42 MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
U.S. stocks scored their biggest one-day gains of the year Wednesday, after minutes of September Federal Open Market Committee meeting reaffirmed the central bank’s intent to be prudent in raising interest rates. The sharp gains came on the heals of sharp declines on Tuesday, marking the fifth session over the past 10 trading days when the S&P 500 moved by 1% or more. The S&P 500 SPX, +1.75% closed up 33.79 points, or 1.8%, at 1,968.89, its biggest one-day gain in 12 months. Health care and utility stocks led the advances. The Dow Jones Industrial Average DJIA, +1.64% jumped 274.83 points, or 1.6%, to 16,994.22, it’s biggest one-day advance this year. The Nasdaq Composite COMP, +1.90% gained 83.39 points, or 1.9%, to 4,468.59. The Russell 2000 RUT, +1.93% rose 20.84 points, or 1.9%, to 1,097.15.The Fed minutes offered no major revelations. But markets wrestling with sluggish growth in Europe, China and Japan may have been heartened by the lack of surprises. Some highlights from the minutes released Wednesday include the fact that several top officials wanted to rewrite their guidance that short-term interest rates were likely to stay low for a “considerable time,” but held off in part because of concerns that the market would view it as a fundamental shift in policy.“Things were very oversold after Tuesday’s big drop and today showed how quickly that can change,” said Ryan Detrick, market technician at Seeitmarket.“The minutes showed the Fed is still very concerned with global growth slowing. This means they aren’t looking to increase rates soon. We know they will eventually, but today made it seem like it could be later than sooner,” he added.Stocks to watch: Alcoa Inc. AA, +1.93% unofficially kicked off earnings season with better-than-expected earnings after the market close. Shares rallied 2% in late trading. Kraft Foods Group Inc. KRFT, +1.86% was up 1.9% after the food company said Tuesday it’s raising its quarterly dividend to 55 cents a share, from 52.5 cents.Costco Wholesale Corp. COST, +2.76% surprised with a 13% rise in profit on growth in same-store sales and higher sales from membership fees. Shares rose 2.8%.Symantec Corp. SYMC, +3.54% could be looking at a split, Bloomberg News reported, citing persons with knowledge of the plans. Shares rose nearly 3.5%.Other markets: European stocks SXXP, -0.86% trended lower, with the German DAX 30 DAX, -1.00% dropping below the key 9,000 level. Travel stocks were hit particularly hard in Europe on fears the spread of Ebola will hamper tourism. Stocks in Russia and other emerging markets were also hit hard as Tuesday’s growth warning by the International Monetary Fund about the health of the global economy continued to have ripple effects. The global rout was felt in Asia, where the Nikkei 225 index NIK, -1.19% lost 1.2%.Oil prices CLX4, -1.43% pushed another leg lower, trading around the $87-dollar-a-barrel level. On Tuesday in New York it finished at its lowest level for two years, also weighed by that IMF growth call. Gold GCZ4, +0.74% rose as stocks continued to struggle.
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 |
The following are excerpts from Wed. morning's Blog:
A read of the print editions of Wednesday'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 Tuesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 16719.39 down 272.52 or 1.60% from Monday's close of 16991.91. For the year the Dow is up 0.86% . 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%.
WSJ pC4 "S&P 500 Nasdaq join Dow in swoon" by Dan Strumpf, Alexandra Scaggs says the Dow closed with its worst one day decline since the end of July amid deepening concerns over slowing global growth.
IBD pB5 "Market decline deepens as indexes take beating" by Juan Carlos Arancibia says Tuesday's action saw indexes hit 8 week closing lows while the current outlook is the market is in a correction.
NYT pB4 "shares slide after IMF cuts outlook for global growth" by AP says the market fell on Tues due to signs of weakeninbg global growth.
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
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: AJC pA12 "1,600 AT&T customers told of data breach" says a rogue employee had accessed account information including social security numbers.
American Express: No mentions found.
Boeing: AJC pA12 "Boeing, Airbus differ on black boxes that eject" says Boeing will not follow Airbus' lead in eqip planes with black boxes that eject so they can float to the ocean's surface.
IBD pA2 "Boeing sees cargo doubling" says Boeing says air cargo traffic will double in 20 years increasing at an annual rate of 4.7%.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: WSJ pB3 "US soda drinkers ditching SodaStream" by Mike Esterl says SodaStreams business has shrunk and it faces competition as Coke will soon launch its carbonated drinks on a countertop machine with Keurig.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Goldman Sachs: NYT pB1 "Profit at Goldman less easy to find" by Nathaniel Popper says only a quarter of the analysts that follow Goldman have a buy recommendation for Goldman as there are doubts as to whether it will stay No. 1 amid in an era of new regulations.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: No mentions found.
Johnson & Johnson: No mentions found.
McDonald's: WSJ pB4 "McDonald's Japan loss expected in wake of chicken supplier woes" by Megumi Fujikawa says McDoanld's Japan will have a loss for the first time in 11 years due to problems involving a Chinese chicken supplier.
Merck: No mentions found.
Microsoft: FT p16 "Nokia to mothball India plant in tax battle" by James Crabtree says Nokia will shut down an INdian factor as an agreement ends with Microsoft to keep it running.
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 pA1 "Walmart is cutting insurance for 30,000" by Shelly Banjo, Wilde Mathews, Theo Francis, Stephanie Armour, NYT pB9 "30,000 lose health care coverage at Walmart" by Hiroko Tabuchi, IBD pA1 "Walmart ends health benefits to 30,000 Workers" by Ciaran McEvoy, IbD pA12 "Walmart stymied by Obama care", AJC pA11 "Retailer cutting health plans" by Anne D'Innocenzio, AP say Walmart will eliminate health insurance coverage for some part time US employees.
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 |
************************
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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