http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,901 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 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 17390.52 up 195.10 or 1.13% from Thursday's close of 17195.42. For the week the Dow was up 585.11 points or 3.48% from last Friday's close of 16805.41. For the year the Dow is up 4.91%. Of the Dow components 26 gained and 4 declined. The biggest gainer dollar-wise was Visa up $4.78 and percentage-wise was 1.13%. The biggest decliner dollar-wise and percentage-wise was Walmart down 21 cents or 0.27%.
IBD pB9 "Stocks push further north: Nasdaq strikes new high" by Paul Whitfield says bulls rumbled ahead fri as the major stock indexes pushed to good gains in strong vol while the current outlook is confirmed uptrend.
WSJ pB5 "Trreats for investors as Dow hits a high" by Corrie Driebusch, Saumya Vaishampayan, Tatyana Shumsky says US stocks surged spurred by the Bank of Japan's decision to expand its stimulus measures. Shares of oil and gas firms rose after strong earnings reports from Exxon and Chevron.
NYT pB6 "Seesaw October ends with new highs" by AP says stocks ended Oct solidly higher up 2.3%. Strong corp earnings were primary cause of the market's surge Friday as well as signs that central banks in Japan and Europe were going to stop their economies from dragging everyone else down with them.
FT p16 "Wall street" says equities were lifted worldwide and US stocks approached a record high after the Bank of Japan said it would expand its monetary easing programme.
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 16.40 up from Friday's trailing P/E ratio of 16.20 (last year it was 16.04). Monday's P/E estimate is 15.34 up from Friday's P/E estimate of 14.92 (year ago it was 14.70) and Monday's dividend yield is 2.43 up from Friday's dividend yield of 2.23 (last year it was 2.10). The Dow's all-time high was 17390.52 on October 31, 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 2707.98 up 30.38 from Thursday's numerator of 2677.60. 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 $90.27 up $1.02 from Thursday's average closing price of $89.25. The median closing price of Friday's Dow Jones Industrial Average was $92.16 (DIS/NKE) up 55 cents from Thursday's median closing price of $91.61 (DIS/NKE). The lowest volume was Travelers and the highest volume was Intel.
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 $3,038 ($270,798 - $264,317).
10/31/14 Fri. 4:16 MarketWatch by Barbara Kollmeyer & Anora Mahmudova says the U.S. stock market rallied on Friday, sending the S&P 500 and Dow Jones Industrial Average into record territory, after a surprise stimulus plan from the Bank of Japan was announced. Some analysts noted that the recovery from the recent pullback, which sent the S&P 500 down nearly 8% early this month, was the second fastest recovery since 2010. The main benchmarks finished the week and the month higher. The measures announced by Japan appeared to encourage investors, who have been looking for regions like Europe and Asia to take further steps toward boosting flagging growth, as the Federal Reserve wraps its own stimulus program. The S&P 500 SPX, +1.17% closed at a record high, having rung up a new closing high every month since June 2013, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The benchmark index gained 23.27 points, or 1.2%, to 2,017.92 on Friday. The Dow Jones Industrial Average DJIA, +1.13% also closed at a record level, having hit an intraday high in morning session. The blue-chip index rose 194.71 points, or 1.1%, to 17,390.13, and recorded its biggest weekly gain in nearly two years. The Dow swung wildly during October - moving triple-digits 16 times out of 23, but still ended the month higher. The Nasdaq Composite COMP, +1.41% rallied 64.60 points, or 1.4%, to 4,630.74 and closed at the highest level since March 2000. Global stocks were boosted by the Bank of Japan’s surprise increase in its stimulus, with the Nikkei 225 index soaring nearly 5%. The BOJ board voted 5-4 in favor of increasing the central bank’s annual asset purchases to 80 trillion yen, from a prior target range of ¥60 trillion to ¥70 trillion, amid worries about dwindling inflation and downbeat economic data. Investors did not dwell on softer-than-expected economic reports on consumer spending and labor costs. Consumer spending in the U.S. fell in September for the first time in eight months, while employment costs rose for the second straight quarter to mark the biggest back-to-back gain since 2008. “The U.S. sends 4.5% of it exports to Japan, and so any action that can: (a) ward off the threat of deflation and the crippling effect that has on consumer expenditure; (b) give a boost to the Japanese economy, which is the world’s third largest, has to be seen as a strong positive for future earnings potential,” said Stephen Pope, managing partner at Spotlight Ideas.More data at month’s end: The final October reading on the University of Michigan/Thomson Reuters consumer-sentiment index rose to the highest level since July 2007. Separately, Chicago PMI rose to a one-year high in October, helped by gains in new orders, MNI Indicators said Friday.Stocks to watch: GoPro Inc. GPRO, +12.97% surged after results topped Wall Street estimates. AbbVie Inc. ABBV, +3.73% shares rallied after the company said sales and profit beat analyst forecasts. Madison Square Garden Co. MSG, +2.27% shares rose after its fiscal first quarter revenue far surpassed analyst estimates. The company is currently considering splitting itself in two. Starbucks Corp. SBUX, -2.28% is down after its first-quarter outlook fell below forecasts. Shares of Apple Inc. AAPL, +0.95% hit an intraday record in morning trade and shares gained 34% since the start of the year. Gold sinks as dollar soars: Gold prices GCZ4, -2.31% were trading at levels not seen since 2010, dropping nearly $34 to $1,164.30, with the dollar USDJPY, +2.83% trading around ¥112.01. Oil CLZ4, -0.54% also pulled back 1.5%. Asian markets were higher, with the Nikkei NIK, +4.83% closing at its highest level in nearly seven years, on the back of the Japanese stimulus. European stocks SXXP, +1.84% rallied along with global stocks.
Saturday's Dow News followed by Friday's Closing Dow Numbers:
AT&T: Barron's p14 "week review" says AT&T was sued by the FTC for misleading consumers re: unlimited data plans. Also Walmart would discount products during the holiday season to compete with online retailers.
American Express: No mentions found.
Boeing: IBD pA2 "Boeing finalizes 737 max deal" says the UK's Monarch Airlines finalized its order for 30 737s valued at $3.2 bil.
Caterpillar: No mentions found.
Chevron: FT p12 "Exxon and Chevron shrug off oil price fall with strong profits" by Ed Crooks, Sat. NYT pB3 "At Exxon Mobil and Chevron, refining businesses support earnings" by Clifford Krauss, WSJ pB3 "Refining lifts net at Exxon, Chevron" by Chelsey Dulaney, Daniel Gilbert, Sat. AJCpA12 "Exxon, Chevron post profit gains" by Jonathan Fahey say Exxon's earnings rose 3% in 3Q to $8.07bil while Chevron's earnings rose 13% to $5.59 bil. Exxon's rev slipped 4.3% to 107.5 bil. Chevron's rev slipped 4.3% to 107.5 bil.
WSJ pB5 "Trreats for investors as Dow hits a high" by Corrie Driebusch, Saumya Vaishampayan, Tatyana Shumsky says US stocks surged spurred by the Bank of Japan's decision to expand its stimulus measures. Shares of oil and gas firms rose after strong earnings reports from Exxon and Chevron.
Cisco: No mentions found.
Coke: IBD pA9 "Sports gear powerhouse Nike keeps scoring for investors" by Marilyn Much says Nike's latest launch was the Lebron 12 HRT of a Lion design basketball shoe. Nike is doing well in the face of fiscal and global economic challenges vs. its consumer discretionary peers like McDonald's and Coke.
Disney:No mentions found.
DuPont:No mentions found.
Exxon: FT p12 "Exxon and Chevron shrug off oil price fall with strong profits" by Ed Crooks, Sat. NYT pB3 "At Exxon Mobil and Chevron, refining businesses support earnings" by Clifford Krauss, WSJ pB3 "Refining lifts net at Exxon, Chevron" by Chelsey Dulaney, Daniel Gilbert, sat. AJC pA12 "Exxon, Chevron post profit gains" by Jonathan Fahey say Exxon's earnings rose 3% in 3Q to $8.07bil while Chevron's earnings rose 13% to $5.59 bil. Exxon's rev slipped 4.3% to 107.5 bil. Chevron's rev slipped 4.3% to 107.5 bil.
WSJ pB5 "Trreats for investors as Dow hits a high" by Corrie Driebusch, Saumya Vaishampayan, Tatyana Shumsky says US stocks surged spurred by the Bank of Japan's decision to expand its stimulus measures. Shares of oil and gas firms rose after strong earnings reports from Exxon and Chevron.
GE: No mentions found.
Goldman Sachs: No mentions found.
Home Depot: Sat. AJC pA12 "CUNA: Home Depot data breach cost $57M" by Leon Stafford says the Credit Union Nat'l Assoc says Home Depot's spring's security breach affected 7.2 mil cards.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pB1 "How one big bank exposed hackers" by Danny Yadron, Emily Glazer, NYT pb1 "Luck helped in discovery of breach at JPMorgan" by Matthew Goldstein, Nicole Perlroth discusses JPMorgan's response to hackers stealing contract data for 76 mil households & 7 mil small businesses that deal with JPMorgan.
Johnson & Johnson: No mentions found.
McDonald's: IBD pA9 "Sports gear powerhouse Nike keeps scoring for investors" by Marilyn Much says Nike's latest launch was the Lebron 12 HRT of a Lion design basketball shoe. Nike is doing well in the face of fiscal and global economic challenges vs. its consumer discretionary peers like McDonald's and Coke.
Merck: No mentions found.
Microsoft: No mentions found.
Nike: IBD pA9 "Sports gear powerhouse Nike keeps scoring for investors" by Marilyn Much says Nike's latest launch was the Lebron 12 HRT of a Lion design basketball shoe. Nike is doing well in the face of fiscal and global economic challenges vs. its consumer discretionary peers like McDonald's and Coke.
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: Barron's p16 "Follow-up visa, MasterCard may charge higher" by Alexander Eule last Thurs Visa soared 10% after posing better than expected quarterly results.
Walmart: Barron's p14 "week review" says AT&T was sued by the FTC for misleading consumers re: unlimited data plans. Also Walmart would discount products during the holiday season to compete with online retailers.
IBD pA7 "Walmart says hoiday sales already here" by Alissa Williams, Sat. AJC pA12 "Walmart ups ante on holiday shopping" says Walmart is offering fee shipping on top 00 hottest gifts.
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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