Thursday, February 19, 2015

2/19/15 Thurs. am Microsoft is Serious about Mobile


 
http://www.dowjonesmonitor.com/
by Dan Kolber

Post No. 3,059 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.


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 18029.85 down 17.73 or 0.10% from Tuesday's close of 18047.58. For the year the Dow is up 1.16%. Of the Dow components 12  gained   and 18   declined. The  biggest gainer dollar-wise  and percentage-wise was Nike up $1.76 or 1.92%. The  biggest decliner dollar-wise  was Chevron down $1.96 and percentage-wise was Exxon down 2.19%.

WSJ pC4 "Dow falls despite a boost from Fed" by Saumya Vaishampayan says US stocks drifted lower but ended up from their worst levels after the Fed meeting minutes showed no plan for when or how quickly to raise interest rates.

NYC pB2 "Shares mixed, showing minor effect from Fed news" by AP says  the market barely budged after the release of the Fed's FOMC Jan meeting minutes.

As of the open of  the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C5 of  Thursday's Wall St. Journal is 0.15571590501117.  Thursday's trailing P/E   ratio is 16.96 unchanged  from yesterday's   trailing P/E ratio of 16.96 (last year it was 15.74).  Today's P/E estimate is 16.73 unchanged from Wednesday's P/E estimate of 16.73 (year ago it was 14.25) and  today's dividend yield is 2.46 up from  yesterday's dividend yield of 2.45  (last year it was 2.21). The Dow's all-time high was 18053.71 on December 26,  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 2807.48 down 2.82 from  Tuesday's   numerator of 2810.30.  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 $93.58 down 5 cents  from Tuesday's  average closing price of $93.68.  The median closing price of  Wednesday's Dow Jones Industrial Average was $88.65  (WMT/XOM) down 36 cents from Tuesday's median closing price of $88.91 (WMT/NKE).  The lowest volume was 3M  and the highest volume was GE.

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 lost  $282  ($281,030 - $280,748).

2/18/15 Wed. 4:25 pm MarketWatch by Anora Mahmudova  & Sarah Sjolin says U.S. stocks ended marginally lower on Wednesday, as investors wrestled with interpreting minutes from the Federal Reserve’s latest policy meeting. Minutes showed that officials were not in a rush to raise interest rates, as “many” on the Fed said a premature rate hike would harm the recovery, while only “several” thought a later move would risk high inflation.Reaction on the stock market was smaller than in the bond market. Treasurys rallied, driving yields down 6 basis pints to 2.08%.The S&P 500 SPX, -0.03%   closed less than a point below its previous closing record, reached on Tuesday, ending at 2,099.66. Energy stocks led losses following a drop in oil prices. Utilities jumped more than 2%, leading gains.The Dow Jones Industrial Average DJIA, -0.10%  fell 17.41 points, or 0.1%, to 18,030.17. More than two-thirds of its 30 members ended lower, with Exxon Mobil and Chevron Corp leading the decliners.The Nasdaq Composite COMP, +0.14%  defied the trend and closed 7.10 points, or 0.1%, higher at 4,906.36.Anthony Valeri, investment strategist at LPL Financial, said that markets over the past several weeks got a little cautious, pricing in a rate hike in June. “Markets initially welcomed news that lower rates will stay for longer. Companies love easy money. The Fed has done a good job at managing market expectations and when Janet Yellen speaks in front of the Congress, we will get more clarity about the timing of the first rate hike,” he said.Earlier, markets had been under pressure following a batch of disappointing economic reports and continued stalemate between Greece and its creditors.Chris Gaffney, senior market strategist at EverBank Wealth Management, said the fact that markets reacted negatively to poor economic data is a positive, as it indicates markets are less dependent on the Federal Reserve’s policies.Despite Wednesday’s retreat, the S&P 500 held above certain resistance levels, challenging bearish investors. Jason Hunter, technical analyst at J.P. Morgan, wrote that he is not looking for a definitive move higher from the S&P 500’s current range, despite recent gains that have propelled the benchmark index to record levels.“While the market can advance further, our broader outlook for a mostly range-bound first half still stands,” Hunter wrote.Data: Economic releases on Tuesday came in weaker than expected. U.S. wholesale prices posted a record 0.8% decline in January after an unprecedented drop in energy costs, the Labor Department said Wednesday. The drop was larger than expected. Meanwhile, construction on new U.S. homes dropped 2% in January to an annual rate of 1.07 million units, as heavy snowfall hindered builders in some regions such as the Midwest and Northeast. The numbers matched consensus forecast of economists polled by MarketWatch. Industrial production rose a seasonally adjusted 0.2% in January, the Federal Reserve said Wednesday. Economists polled by MarketWatch had expected a 0.4% rise. Another sign of weakness came in a slight downward revision to output in the past four months.Angie’s List Inc. ANGI, -0.26%  shares surged 59% to $7.77, after the company posted quarterly profit and revenue that topped Wall Street’s expectations.Boston Scientific Inc. BSX, +0.12%  stock jumped 12% and was the top performer on the S&P 500. The biotech company late Tuesday said it has settled with Johnson & Johnson Inc. JNJ, +0.12%  over the acquisition of Guidant Corp. in 2004.Fossil Group Inc. FOSL, -0.74%   dropped 16% after the company late Tuesday reported adjusted fourth-quarter earnings that missed expectations, along with revenue that disappointed.Other markets: European stock markets moved firmly higher, boosted by optimism that the Greek debt drama could soon come to an end. Asian markets also got a lift from Greece and closed with gains. Crude-oil prices CLH5, -5.70%  fell 3.3%, ending a three-session winning streak, that lifted priced more than 9%. Gold prices settled at the lowest level in nearly seven weeks, falling 0.7% to $1,200.20. The dollar DXY, -0.03%  which was higher earlier, fell against its main rivals after the Fed minutes.


Thursday's Dow News followed by Wednesday's Closing Dow Numbers:


AT&T:  WSJ pB4 "AT&T tacks a privacy charge on high speed" by Elizabeth Dowskin, Thomas Gryta says AT&T will charge you $29 a month if you don't want to be tracked.


American Express:  No mentions found.


Boeing:  No mentions found.


Caterpillar:  No mentions found.


Chevron:  No mentions found.


Cisco:  No mentions found.


Coke:  No mentions found.


Disney:  No mentions found.


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:  No mentions found.


Johnson & Johnson:  No mentions found.


McDonald's:  No mentions found.


Merck:  No mentions found.


Microsoft:  NYT pB8 "Microsoft has suddenly gotten serious with Mobile" by Nick Wingfield says Microsoft continues to focus on making apps for Apple or Android devices making Window phones an hard sell as it now only has 3% of the Smartphone market.


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 Craig Menear (Atlanta, GA)

Intel INTC Brian M. 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 (to be replaced by Steve Easterbrook on 3/1) (Oak Brook, Ill)

Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)

Microsoft MSFT Satya Nadella (Redmond, WA)

Nike NKE 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)

UnitedHealth UNC Stephen Hemsley (Minnetonka, MN)

United Technologies UTX Greg Hayes (Hartford, CT)

Verizon VZ Lowell McAdam (NY, NY)

Visa V Charles W. Scharf (San Francisco, CA)

Wal-Mart WMT Doug McMillon (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 1/2/15  ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $370.18
2. Microsoft MSFT 331.43
3. Johnson & Johnson JNJ 280.3
4. Wal-Mart WMT 273.91
5. GE 240.09
6. Procter & Gamble PG 227.63   
7.  JPMorgan Chase JPM 202.89
8. Pfizer PFE 196.90
9.  Chevron CVX 193.83
10. Verizon VZ 189.93
11. Coke KO 180.33
12.  Merck MRK 171.85
13.AT&T T 170.76
14. Visa V 160.15
15. Intel INTC 157.57  
16. Disney DIS 154.24
17. IBM 151.93
18. Home Depot HD 137.61 
19. Cisco CSCO 134.82
20. UnitedHealth UNH 103.38
21.  3M MMM 103.08 
22. United Technologies UTX 102.73  
23. Boeing BA 102.79 
24. McDonald's MCD 89.96   
25. American Express AXP 82.95
26. Nike NKE 79.70
27. Goldman Sachs GS 77.84
28. DuPont DD 64.44
29. Caterpillar CAT 48.45
30. Travelers TRV 33.13
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/2/15  for the prior 90 day period:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T:
1/30/15 8K re: results of FCC wireless licenses auction
1/28/15 8K, 1/27/15 8K & 1/16/15 8K re: fin'l results of 4Qtr ended 12/31/14
1/22/15 8K re: credit agreement
12/19/14 8K re: amendment to Supplemental Employee Retirement Plan
12/2/14 8K re: closing of sale of Global Notes
11/10/14 2 10/A's & 10Q re: qtr. ended 9/10/14
11/10/14 8K re: closing of sale of Global Notes
11/7/14 8K re: increased of Board to 15 & election of William E. Kennardd & agrmt to buy Mexican wireless firm GSF telecom

American Express AXP:
1/21/15 8K re: 4Q fin'l results
1/15/15 8K re: delinq. & write-off delinq. stats. for 3 mos ended 12/31/14.
12/15/14 8K re: Delinq. & write-off stats for 3 mos. ended 11/30
12/5/14 8K re: issuance of Sub. Notes
12/4/14 8K re: retirement of Director Richard A. McGinn
11/17/14 8K re: delinq. & write off stats for 3 mos. ended 10/31
11/12/14 8K re: issuance of Series B Preferred Shares

Boeing BA:
1/27/15 8K re: 4Qtr fin'l results
12/19/14 8K re: retirement of Shephard W. Hill, Pres. of Boeing Int'l & Sr. VP, Bus. Dev/Strategy
12/15/14 8K re: increase of quarterly div & authorization of $12 bil share buyback

Caterpillar CAT:
1/27/15 8K re: 4Qtr fin'l results
1/26/15 8K re: 3 mos ended 12/31/14 retail sales stats
12/18/14 8K re: retirement of Group VPs Stuart L. Levenick & Steven H. Wunning
12/18/14 8K & 11/20/14 8K re: FD disclosures re: retail sales of machines & power systems
12/11/14 8K re: retirement of director Peter A. Magowan

Chevron CVX:
1/30/15 8K re: 4Qtr fin'l results
12/12/14 8K re: election of Alexander B. Cummings Jr. to Board
11/18/14 8K re: issuance of Floating Rate Notes
11/7/14 10Q for Qtr ended 9/30/14

Cisco CSCO:
12/19/14 & 12/18/14 8Ks re: Pre-arranged stock trading plan for execs
11/24/14 8K re: amendment to employee stock purchase plan
11/12/14 8K; 11/14/14 8K & 11/20/14 10Q re: results of 1 Qtr. ended 10/25/14

Coke KO:
12/11/14 8K re: increase Board to 17 & election of Marc Balland & David B. Weinberg

Disney DIS:
1/16/15 Def. 14A Proxy re: Annual Mtg. of Shareholders at 10 am 3/12/15 at Palace of Fine Arts, SF
12/23/14 8K re: adoption of Def. Comp. Plan
11/19/14 10K & 11/6/14 8K re: results of fiscal year ended 9/27/14
11/6/14 8K re: 4Qtr & FY ended 9/27/14

DuPont DD:
1/27/15, 1/15/15, 1/14/15, 1/13/15, 1/9/15 (five) 14A Proxy: re: Nelson Peltz's Train's proposal to break-up DuPont
1/12/15 8K re: 4Qtr fin'l results
12/18/14 8K re: FD disclosures re: presentation re: Performance Chemicals segment
12/18/14 8-K/A re: pre-tax charges re: restructuring plan

ExxonMobil XOM:
11/24/14 8K re: retirement of VP S.D. Pryor
11/5/14 10Q & 10/31/14 8K re: 3Qtr ended 9/30/14

GE:
1/23/15 8K re: 4Qtr fin'l results
11/10/1 8K re: incentive grant to CEO Jeffrey R. Immelt
11/4/14 10Q & 10/17/14 8K re: 3Qtr ended 9/30/14

Goldman Sachs GS:
1/23/15 8K re: issuance of notes
1/16/15 8K re: 4Qtr fin'l results
12/19/14 8K re: election to Board of Mark A. Flaherty & Mark D. winkelman
12/17/14 & 12/16/14 8Ks re: issuance of notes
11/5/14 10Q & 10/16/14 8K re: 3Qtr ended 9/30/14

Home Depot HD:
1/16/15 8K re: replacement of Chairman of Board Francis S. Blake with Craig A. Menear
11/25/14 10Q & 11/18/14 8K re: Qtr. ended 11/2/14
11/6/14 8K re: breach of payment data system

Intel INTC:
1/15/15 8K re: fin'l results of 4Qtr ended 12/27
12/16/14 8K re: trigger of  interest change on debentures
11/21/14 28Ks & 11/18/14 8K re: FD Disclosure re: Annual investor meeting
11/20/14 8K re: increase of quarterly div. & '15 Business Outlook

IBM:
1/30/15 8K re: compensation amounts for execs for 2014
1/21/15 & 1/20/15 8Ks re: 4Qtr ended 12/31/14 fin'l results
1/7/15 8K re: exec promotions and amendment to bylaws to increase Board to 14 & election of Peter R. Voser to Bd
12/8/14 8K re: retirement of Robert C. Weber sVP, Legal
11/25/14 8K re: issuance of debt securities
11/12/14 8K re: investors conference
11/5/14 8K re: underwriting contract with JPMorgan

JPMorgan Chase JPM:
1/23/15 8K re: closing of note offering
1/14/15 8Ks (two) re: 4Qtr fin'l results
12/9/14 8K re: close of public offering of Sub. Notes
11/12/14 8K re: payment of $1.01d bil to settle foreign exchange trading allegations
11/3/14 &  2 8Ks (10/14) re: 3Qtr ended 9/30/14

Johnson & Johnson JNJ:
1/20/15 8K re: 4Qtr ended 12/28/14 fin'l results
11/21/14 8K re: issuance of notes
11/10/14 8K re: closing of purchase of Alios BioPharma, Inc. for $1.75 bil

McDonald's MCD:
1/23/15 8K re: 4Qtr ended 12/31/14 fin'l results
12/8/14 8K re: Nov. '12 sales
11/12/14 8K re: Oct. '12 sales
11/3/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14

Merck MRK:
11/10/14 10Q re: Qtr. ended 9/30/14

Microsoft MSFT:
1/26/15 10Q & 1/26/15 8K re: fin'l results for qtr ended 12/31/14
12/4/14 8K re: results of votes at 12/3 Annual Shareholders Meeting
11/14/14 Proxy Letter from Bd Chair John W. Thompson re: Annual Mtg

Nike NKE:
1/7/15 10Q & 12/2214 8K re: results of qtr ended 11/30
12/18/14 8K & 10/7/14 10Q re: results of Qtr. ended 11/30/14

Pfizer PFE:
1/27/15 8K re: 4Qtr fin'l results
11/6/14 10Q for quarter ended 9/28/14
11/6/14 10Q & 10/28/14 8K re: 3Qtr ended 9/28/14

Procter & Gamble PG:
1/27/15 10Q & 1/27/15 8K re: 2Qtr ended 12/31/14 fin'l results
1/13/15 8K re: quarterly div. of 0.6436 cents payable 2/17 to record holders as of close of business 1/23/15
12/22/14 8K re: changes to presentation of fin'l info due to sale of Duracell business
11/21/14 8K re: pre-arranged stock trading plan of CEO A.G. Lafley
11/13/14 8K re: '14 Analysts Mtg & sale of Duracell to Berkshire Hathaway
11/4/14 8K re: closing of sale of floating rate notes due '64
11/3/14 8K re: sale of notes
11/3/14 re: Argentina regulatory problems re: taxes

3M MMM:
1/31/15 8K re: 4Qtr fin'l results
12/16/14 8K re: dividend for 1Q '15 & '15 outlook
11/10/14 8K re: sale of Floating rate Notes

Travelers TRV:
1/22/15 8K re: qtr ended 12/31/14 fin'l results

United Technologies UTX:
1/26/15 8K re: 4Qtr fin'l results
1/23/15 8K re: separation agreement for ex-CEO Louis Chenevert
1/15/15 8K re: departure of exec Alain M. Bellemare
12/19/14 8K re: rejection of mini tender offer by TRC Capital
12/10/14 8K re: appointment of Akhil Johri, Sr. VP & CFO
11/24/14 Retirement of Louis Chenevert replaced by Gregory J. Hayes & election of Dir. Edward A. Kangas as Chairman of Bd. & appointment of Peter F. Longo as Acting CFO

UnitedHealth Group UNH:
1/21/15 8K re: 4Qtr fin'l results
12/8/14 8K re: sale of notes
12/1/14 8K re: annual investor conference
11/12/14 8K re: appointment of David S. Wichmann Pres/CFO & Larry Renfro as Vice-Chair
11/10/14 10Q for Qtr. ended 9/30/14

Verizon Communications Inc. VZ:
1/30/15 8K re: results of bidding for AWS-3 spectrum licenses in FCC auction
1/22/15 & 1/16/15 8Ks re: 4Qtr fin'l results
1/14/15 8K re: retirement from Board of Robert W. Lane
12/8/14 28Ks re: change of duties for Randal S. Milch EVP & GC
12/1/14 8K re: 4Q results
11/26/14 8K re: trading of shares in UK

Visa V:
1/29/15 10Q & 1/29/15 8K re: 1Qtr ended 2/31/14 fin'l results
1/29/15 8K, 1/21/15 Proxy & 1/14/15 Proxy  re: amendment of Cert of Incorp. for stock split
1/28/15 8K re: dividend of 48 cents payable 3/3 for record holders on 2/13
12/19/14 8K re: exec's pre-arranged stock trading plans
12/12/14 & 1/21/15  & 12/23/14 Proxies re: Annual Stockholders Meeting 1/28/15 8:30 am Crowne Plaza, Foster City, CA
11/21/14 10K for fiscal year ended 9/30/14

WalMart WMT:
12/16/14 8K re: latest ruling re: class action lawsuit in Phil for underpaying employees - Braun/Hummel v. Walmart
12/1/14 10Q & 11/13/14 8K re: quarter ended 10/31/14
11/24/14 8K re: election of Thomas W. Horton to Board

THAT'S ALL MY FRIENDS


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