http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 2,906 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 17383.84 up 17.6 or 0.10% from Monday's close of 17366.24. Of the Dow components 17 gained, GE was unchanged and 12 declined. The biggest gainer dollar-wise was 3M up 41.75 and percentage-wise was Procter & gamble up 1.44%. The biggest decliner dollar-wise was IBM down $1.71 and percentage-wise was Caterpillar down 1.61%.
As of the open of the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C6 of Tuesday's Wall St. Journal is 0.15571590501117. Tuesday's trailing P/E ratio is 16.55 up from Monday's trailing P/E ratio of 16.40 (last year it was 16.06). Tuesday's P/E estimate is 15.34 unchanged from Monday's P/E estimate of 15.34 (year ago it was 14.70) and Tuesday's dividend yield is 2.18 down from Monday's dividend yield of 2.43 (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.
Tuesday's Dow Jones Industrial Average numerator is 2706.94 up 2.74 from Monday's numerator of 2704.20. 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 $90.23 up 9 cents from Monday's average closing price of $90.14. The median closing price of Tuesday's Dow Jones Industrial Average was $90.23 (DIS/AXP) down $2.35 from Monday's median closing price of $92.58 (DIS/NKE). The lowest volume was Travelers and the highest volume was Intel.
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 made $274 ($270,694 - $270,420).
11/4/14 Tues. 4:38 MarketWatch by Anora Mahmudova & Barbara Kollmeyer says the U.S. stock market finished Tuesday’s choppy session mostly lower, as steep losses in energy companies’ stocks weighed on the main benchmark. The Dow Jones Industrial Average swung between small gains and losses, but managed to eke out a gain by the end. Markets have been hobbled by combination of worries about oil and concerns about global growth, namely in Europe. Indeed, the European Commission cut its forecast for growth domestic product for the 18-country eurozone region to 0.8% this year, from a previous forecast of 1.2%, in the spring. The assessment comes ahead of Thursday’s European Central Bank meeting. The price of oil dropped to levels not seen in three years after Saudi Arabia cut oil prices for the U.S., in a move meant to remain competitive amid booming oil production in the U.S. Energy companies were pounded for the second straight day, with the sector making up half of all the losses on the S&P 500. The S&P 500 SPX, -0.28% finished 5.71 points, or 0.3%, lower at 2,021.10. The Dow Jones Industrial Average DJIA, +0.10% gained 17.50 points, or 0.1%, to 17,383.84. The Nasdaq Composite COMP, -0.33% shed 15.27 points, or 0.3%, to 4,623.64. Weak oil, weak Europe: Oil prices, already falling, didn’t react well to the EU growth assessment. The U.S. oil benchmark continued to slide Tuesday, dropping more than to 2% (and as much as 3.7% at points), and Brent crude LCOZ4, -2.47% also was under pressure after Saudi Arabia deepened price cuts for the U.S. market. Strategists said the move will pave the way for further falls in oil prices, and possibly pressure American energy producers. Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management, said that there is a fatigue in the market as not all data points support sharp rally seen since mid-October. “The next jobs report will be interesting and with the earnings mostly behind us, investors will focus on economic data and the ECB meeting,” Wiegand said. Referring to falling oil prices, Weigand said it will be a negative for the market if it results in deflationary pressures. At this point, it is unclear how much the volatility in commodity prices is due to structural issues and a stronger dollar and how much of it is falling demand, he added . Meanwhile, U.S. voters are headed to the polls on Tuesday to decide closely contested midterm election races.
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 | unch | 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, 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 17366.24 down 24.38 or 0.14% from Friday's close of 17390.52. For the year the Dow is up 4.8%. Of the Dow components 15 gained, AT&T was unchanged and 14 declined. The biggest gainer dollar-wise was Boeing up $1.12 and percentage-wise was Merck up 1.69%. The biggest decliner dollar-wise and percentage-wise was Chevron down $3.21 or 2.68%.
WSJ pC4 "US stocks slip on oil price slide" by Dan Strumpf says stocks erased early gains to finish lower after a slide in oil prices hit energy stocks.
NYT pB9 "Positive manufacturing news keeps market steady" & AJC pA9 "Stocks hold near records" by AP says the market held close to record levels Mon as a report showed that manufacturing remains on solid footing in the US.
FT p21 "Wall Street" by Mamta Badkar, Eric Platt says US stocks were muted Mon following a sell off in European trading.
IBD pB3 "More leaders break out as market closes mixed" by Vincent Mao says Monday's action saw mixed finish in lower vol as the current outlook is confirmed uptrend.
Monday's Dow Jones Industrial Average numerator is 2704.20 down 3.78 from Friday's numerator of 2707.98. 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 $90.14 down 13 cents from Friday's average closing price of $90.27. The median closing price of Monday's Dow Jones Industrial Average was $92.58 (DIS/NKE) up 42 cents from Friday's median closing price of $92.16 (DIS/NKE). The lowest volume was 3M and the highest volume was GE.
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 $378 ($270,798 - $270,420).
11/3/14 Mon. 4:16 MarketWatch by Anora Mahmudova says the U.S. stock market ended Monday's choppy session slightly lower, as the S&P 500 and Dow Jones Industrial Average retreated from fresh intraday records shortly after hitting them in morning trade. Trading on Wall Street was subdued after a big rally last week. Energy and materials sectors sold off amid falling oil prices, weighing on key benchmarks. The S&P 500 SPX, -0.01% closed fractionally lower at 2,017.79. The Dow Jones Industrial Average DJIA, -0.14% lost 24.34 points, or 0.1%, to 17,366.18. The Nasdaq Composite COMP, +0.18% finished the day up 8.17 points, or 0.2%, at 4,638.91.
Tuesday's Dow News followed by Monday's Closing Dow Numbers:
AT&T: WSJ pB6 "Sprint is industry's big loser" by Ryan Knutson says for the quarter ended 9/30 T-Mobile added the most subscribers followed by Verizon, then AT&T and Sprint is last.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: IBD pA4 "Cisco global cloud index predicts heavy cloud cover" by Pete Barlas says Cisco predicts that by '18 more than 3/4 of all company info will be processed via the cloud rather than internally.
Coke: No mentions found.
Disney: WSJ pB1 "Apple, Google set Disney video deal" by Ben Fritz says Apple and Google will allow consumers who buy a Disneny movie from either of their online stores to watch it on hhe rival's op system.
DuPont: No mentions found.
Exxon: No mentions found.
GE: No mentions found.
Goldman Sachs: No mentions found.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC3 "J.P. Morgan faces Forex probe" by Emily Glazer, USAT p1B "Feds investigating foreign exchange, JPMorgan says" by Kevin McCoy, NYT pB6 "Under investigation, JPMorgan increases its potential legal costs" by Nathaniel Popper say the Justice Dept is doing a criminal investigation of JPMorgan's foreign exchange related matters. JPMorgan bumped up its potential legal costs by $1.3 bi. to $5.9 bil.
WSJ pC2 "Banks ready cybersecurity defense" by Daniel Huang says JPMorgan will double spending on cybersecurity in coming years.
FT p20 "JPMorgan defends its lead in raw materials" by Neil Hume says JPMorgan has not abandoned commodities in spite of recent scrutiny from regulators and will try to keep its leading position in raw materials.
Johnson & Johnson: No mentions found.
McDonald's: No mentions found.
Merck: No mentions found.
Microsoft: IBD pA2 "Windows 7 now off shelves" says Microsoft halted retail sales of consumer versions of Windows 7.
Nike: WSJ pB3 "Foot Locker CEO Ken Hicks to retire, hands off top job to operating chief" by Joann S. Lublin, Sara Germano says Nike is leading a boom in basketball shoe sales.
Pfizer: No mentions found.
Procter & Gamble: AJC pA8 "Argentina accues P&G of tax fraud" says Argentine authorities have suspended P&G's operations in Argentina .
3M: No mentions found.
Travelers: No mentions found.
United Technologies: No mentions found.
UnitedHealth: No mentions found.
Verizon: WSJ pB6 "Sprint is industry's big loser" by Ryan Knutson says for the quarter ended 9/30 T-Mobile added the most subscribers followed by Verizon, then AT&T and Sprint is last.
Visa: IBD pB6 "MasterCard, visa appear ready to lead" by Paul Whitfield says Visa's stocks is ready for breakout.
Walmart: No mentions found.
Monday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | unch | 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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