http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,879 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, 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 Wednesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 16994.22 up 274.83 or 1.64% from Tuesday's close of 16719.39. For the year the Dow is up2.52 %. 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%.
WSJ pC1 "Stocks cruise as Fed fuels rally engine" by Alexandra Scaggs, Chris Dieterich, Min Zeng says the market surged on news that the Fed may move more cautiously raising interest rates.
AJC pA11 "Stocks have their best day of 2014" by Ken Sweet, AP say the 3 indexes surge as Fed minutes signal intent to keep rates low.
IBD pB3 "Indexes finish sharply up on fed notes; trade rises" by David Saito-Chung says Wednesday's action saw strong reversal in heavier vol while the current outlook is market 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 15.82 down from Wednesday's trailing P/E ratio of 16.08 (last year it was 15.24). Thursday's P/E estimate is 14.93 unchanged from Wednesday's P/E estimate of 14.93 (year ago it was 13.99) and Thursday's dividend yield is 2.26 up from Wednesday'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.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: NYT pB3 & AJC PA11 "AT&T to Pay $105M over Bad Billing" by Edward Wyatt, NYT, WSJ pB3 "AT&T to pay $105 million to settle bogus-fee claims" by Gautham Nagesh, FT p15 "AT&T to pay $105m in fees case" by David Crow, USAT p4B "AT&T pays for inflated bills" by Mike Snider say AT&T's wireless business will pay $105 mil in penalties & refunds to consumers for unlawfully billing its customers' cellphone accounts for unauthorized charges for items including ringtones & text messages with love tips & horoscopes, known as mobile cramming. The charges were billed by third parties and AT&T kept at least 35%.
IBD pB9 "Verizon, AT&T go ex dividend" by Ken Hoover says they went ex on Wed.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: IBD pA4 "Cisco faces Huawei in a flat market"" by Pete Barlas says China's Huawei technologies is increasingly providing competition to Cisco's videoconferencing business.
Coke: WSJ pC1 "Market may get just one Pepsi" by spencer Jakab says since the beginning of last year, Pepsi's shares have outperformed Coke's by 15%.
NYT pB6 "Tech titans lead ranking of most valuable brands" by Stuart Elliott says the top Brands are Apple, Google, Coke, IBM, Microsoft, GE, Samsung, Toyota, McDonald's & Mercedes Benz.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: No mentions found.
GE: NYT pB6 "Tech titans lead ranking of most valuable brands" by Stuart Elliott says the top Brands are Apple, Google, Coke, IBM, Microsoft, GE, Samsung, Toyota, McDonald's & Mercedes Benz.
Goldman Sachs: WSJ pC3 "Big banks skip Vista deal due to regulatory fears" by Gillian Tan says JPMorgan, Goldman Sachs will sit out from a deal due to fears the deal would flout leveraged lending guidance from regulators.
FT FTReports p9 "Executive Diversity Top 20 Allies" lists Goldman Sachs as No. 2 most gay friendly, JPMorgan is 6th and IBM Europe is 7th.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: NYT pB6 "Tech titans lead ranking of most valuable brands" by Stuart Elliott says the top Brands are Apple, Google, Coke, IBM, Microsoft, GE, Samsung, Toyota, McDonald's & Mercedes Benz.
FT FTReports p9 "Executive Diversity Top 20 Allies" lists Goldman Sachs as No. 2 most gay friendly, JPMorgan is 6th and IBM Europe is 7th.
JPMorgan: WSJ pC3 "Big banks skip Vista deal due to regulatory fears" by Gillian Tan says JPMorgan, Goldman Sachs will sit out from a deal due to fears the deal would flout leveraged lending guidance from regulators.
NYT pA1 "Obama got early briefing on JPMorgan breach" by Michael Corkery, Jessica Silver-Greenberg, David E. Sanger, USAT p6A "JPMorgan hackers targeted Citi, E Trade, ADP payroll firm" by Elizabeth Weise say the Prez got periodic briefings on the cyberattack at JPM as part of a new effort to keep officials updated.
FT FTReports p9 "Executive Diversity Top 20 Allies" lists Goldman Sachs as No. 2 most gay friendly, JPMorgan is 6th and IBM Europe is 7th.
Johnson & Johnson: No mentions found.
McDonald's: NYT pB6 "Tech titans lead ranking of most valuable brands" by Stuart Elliott says the top Brands are Apple, Google, Coke, IBM, Microsoft, GE, Samsung, Toyota, McDonald's & Mercedes Benz.
Merck: IBD pA2 "Merck to release hep C data" says Mercks phase 3 study of its liver disease drug showed a 93% cure rate in cirrhosis patients.
Microsoft: NYT pB6 "Tech titans lead ranking of most valuable brands" by Stuart Elliott says the top Brands are Apple, Google, Coke, IBM, Microsoft, GE, Samsung, Toyota, McDonald's & Mercedes Benz.
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: 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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