Tuesday, March 31, 2015

4/1/15 Wed. am Apple's Cook Attacks Indiana's Law; Google Undercuts Microsoft's PC Prices


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

Post No. 3,117 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  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 Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 17776.12 down 200.19 or 1.11%  from Monday's close of 17976.31. For the year the Dow is down 0.26%. Of the Dow components 3  gained  and 27  declined. The  biggest gainer dollar-wise  and percentage-wise was Cisco up 8 cents or 0.31%. The  biggest decliner dollar-wise was Goldman Sachs down $3.05  and percentage-wise was  UnitedHealth down 2.24%.

IBD pB5 "Indexes suffer distribution amid quarter end activity" by Juan Carlos Arancibia says the stocks market skidded Tuesday as many fund managers made last minute portfolio adjustments to make their quarterly reports look better.  The current outlook is uptrend under pressure.

NYT pB9 "Profit taking at quarter's end drives broad decline"  & AJC pA13 "Stocks slide erases gain" by AP says the market's broad decline Tues came as traders took profits and helath care stocks were among the biggest decliner.

As of the open of  the market on Wednesday the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.14985889030177.  Wednesday's trailing P/E   ratio is 16.23 down  from yesterday's   trailing P/E ratio of 16.88 (last year it was 16.26).  Today's P/E estimate is 16.30 unchanged from Tuesday's P/E estimate of 16.30 (year ago it was 14.74) and  today's dividend yield is 2.28 down from  yesterday's dividend yield of 2.47  (last year it was 2.16). The Dow's all-time high was 18288.63 on March 2,  2015. 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 2663.91 down 30  from Monday's average numerator of 2693.91.   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 (0.14985889030177) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.67  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Tuesday's Dow Jones Industrial Average was $88.80  down  $1.00 from Monday's closing average of $89.80.  The median closing price of  Tuesday's Dow Jones Industrial Average was $83.62  (WMT/XOM) down 56 cents from Monday's median closing price of $84.18 (PG/XOM).  The lowest volume was Travelers and the highest volume was Apple.

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  $300 ($265,391 - $266,391).

3/31/15 Tues. 4:50 pm MarketWatch by Anora Mahmudova & Victor Reklaitis says
U.S. stocks closed with sizable losses Tuesday, leaving the Dow industrials in the red for the year’s first quarter. Some analysts blamed the session’s drop on expectations for disappointing first-quarter earnings. The Dow Jones Industrial Average DJIA, -1.11%  closed down 200.19 points, or 1.1%, at 17,776.12. For the quarter, the blue-chip gauge lost 46.95 points, or nearly 0.3%, snapping a three-quarter winning streak. The S&P 500 SPX, -0.88% finished down 18.35 points, or 0.9%, at 2,067.89. The benchmark still managed a quarterly gain of 0.4%, extending its winning streak to nine quarters.The Nasdaq Composite COMP, -0.94% fell 46.56 points, or 0.9%, at 4,900.88, as the tech-heavy index scored a 3.5% advance for the quarter. The Nasdaq has climbed for nine quarters in a row for its longest quarterly winning streak in its history.“Investors are anxiously awaiting earnings reports over the next few week, hoping they are not as bad as feared. With markets trading near recent highs, a lot is at stake,” said Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management.Commenting on the performance of stocks over the past three months, Tom Wright, director of equities at JMP Securities, said the fact that each selloff was met with a rebound indicates that the underpinnings of the bull market are still intact.Tuesday’s economic news: U.S. house prices were steady in January, according to the S&P/Case-Shiller 20-city composite released Tuesday.A reading on business conditions in the Chicago region came in weaker than expected, but a consumer-confidence figure was better than anticipated.Among Tuesday’s Fed speakers, Richmond Fed President Jeffrey Lacker said he expects solid growth and rising inflation this year, and as a result, would urge the U.S. central bank to start raising interest rates relatively soon. Individual movers: CBRE Group Inc. CBG, -0.15%  closed 6.3% higher for the S&P 500’s biggest gain after the company said it plans to buy Johnson Controls Inc.’s JCI, +1.22% workplace solutions business in a deal worth $1.475 billion.IBM Corp. IBM, -1.33% said Tuesday it plans to invest $3 billion in a new “Internet of Things” business that will help customers gather and analyze data from sensor-equipped devices and smartphones. Shares closed down 1.3%.Other markets: European stocks SXXP, -0.64% moved lower on Tuesday, with analysts pegging the slide to traders using disappointing eurozone unemployment data as an excuse to bank gains after the best quarter in years. Asian stocks closed mixed, but the quarter produced double-digit percentage gains for the Nikkei 225 NIK, -1.05%  and the Shanghai Composite SHCOMP, .02%                                                                                                                                         
 The dollar EURUSD, +0.07%  gained, while oil prices CLK5, -2.44%  fell as talks over Iran’s nuclear talks neared a deadline and the dollar’s strength weighed. Gold GCJ5, -0.14% settled lower.

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

American Express:

Apple:  NYT pB1 "Tech leaders, new to social activism, come together over Indiana law" by Nick Wingfield says Tim Cook is among those who have criticized Indiana's law that allows businesses to discriminate against gay couples.

 IBD pA4 "FCC may be villain in Verizon video plot" by Reinhardt Krause says new net neutrality rules could hurt Verizon's plans to launch a mobile video streaming services.  Analysts expect Verizon to join Dish Network, Sony and Apple in launching online video streaming services  but in the meantime Verizon is battling the FCC over new Internet rules.  AT&T ahs been pushing a sponsored data business model, where data charges are billed to a sponsoring company and not to AT&T customers.

Boeing:

Caterpillar:

Chevron:

Cisco:

Coke:

Disney:

DuPont:

Exxon:

GE:

Goldman Sachs:

Home Depot:

Intel:

IBM:  IBD pA2 "IBM to invest $3 bil in loT", NYT pB2 "IBM and Weather Company plan a data partnership" by Steve Lohr say IBM will invest this amount over the next 4 years to build a new Internet of Things unit.  It also announced an alliance with Weather Channel to analyze data.

JPMorgan:

Johnson & Johnson:

McDonald's:

Merck:

Microsoft:  AJC pA11 "Google, Microsoft PC prices falling" by Michael Lledtke, Anick Jesdanun says Google is releasing its cheapest Chromebook laptops, 2 versions priced at $149 aiming to undercut Microsoft's Windows franchise. 

Nike:  IBD pA2 "Nike" says Nike had its price target raised to 115 from 110 by Deutsche Bank.

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealth:

Verizon:  IBD pA4 "FCC may be villain in Verizon video plot" by Reinhardt Krause says new net neutrality rules could hurt Verizon's plans to launch a mobile video streaming services.  Analysts expect Verizon to join Dish Network, Sony and Apple in launching online video streaming services  but in the meantime Verizon is battling the FCC over new Internet rules.  AT&T ahs been pushing a sponsored data business model, where data charges are billed to a sponsoring company and not to AT&T customers.

Visa:

Walmart:

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AXP▲ NYSE
AAPL▼ NASDAQ-GS
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)

Apple: Tim Cook (Cupertino, CA)

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 Steve Easterbrook (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 3/22/15  ranked in order of market capitalization in billions:

1. Apple AAPL $733.34
2. Exxon Mobil XOM $354.62
3. Microsoft MSFT 351.78
4. Johnson & Johnson JNJ 284.72
5. Wal-Mart WMT 268.87
6. GE 255.65
7. JPMorgan Chase JPM 229.36
8. Procter & Gamble PG 228.84   
9. Pfizer PFE 209.91
10.  Verizon VZ 205.94
11.  Chevron CVX 201.24
12. Disney 184.28
13. Coke KO 177.49
14. Merck MRK 166.26
15. IBM 160.99
16.  Home Depot HD 153.44 
17. Cisco CSCO 145.18
18. Intel INTC 144.28
19. UnitedHealth UNH 113.62
20.  Boeing BA 108.83 
21.  United Technologies UTX 108.37
22. 3M MMM 105.68 
23. McDonald' s MCD 93.28   
24. Nike NKE 88.10
25. Goldman Sachs GS 87.21
26. American Express AXP 84.29
27. DuPont DD 67.31
28. Caterpillar CAT 49.21
29. Visa V 42.35
30. Travelers TRV 35.26
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/22/15  for the prior 90 day period:

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

American Express AXP:
3/16/15 8K re: delinq. & write-off stats for 3 mos. thru 2/15/15
3/11/15 8K re: increase of quarterly dividend & repurchase of up to $6.6 of shares
3/2/15 8K re: issuance of preferred shares
2/24/15 10K re: FY ended 12/31/14
2/17/15 8K re: delinq. & write-off states for 3 months thru 1/15
2/12/15 8K re: end of exclusive deal w/Costco
1/21/15 8K re: 4Q & FY '14 earnings
1/15/15 8K re: delinq. & write-off delinq. stats. for 3 mos ended 12/31/14.

Apple AAPL:
3/13/15 8K re: amdmt. to employee stock purchase plan
2/9/15 8K re: issuance of notes
1/28/15 8K re: change to fin'l stmts due to change of reporting
1/28/15 10Q & 1/27/15 8K re: Qtr. ended 12/27/14
1/22/15 2 14A Proxies re: Annual Mtg of Shareholders on 3/10/15 at 9 am at HG at Cupertino, CA

Boeing BA:
3/13/15 14A Def. Proxy re: Annual Shareholders Mtg on 4/27/15 at 9 am at Field Museum, Chicago
2/20/15 8K re: issuance of senior notes
2/12/15 10K & 1/28/15 8K re: FY ended 12/31/14
2/10/15 8K re: retirement of Linda Z. Cook from Board
1/27/15 8K re: 4Qtr fin'l results

Caterpillar CAT:
3/19/15 8K re: sales thru 2/15
2/19/15 8K re: sales thru 1/15
2/17/15 & 1/27/15 8K re: FY ended 12/31/14
1/27/15 8K re: 4Qtr fin'l results
1/26/15 8K re: 3 mos ended 12/31/14 retail sales stats

Chevron CVX:
3/3/15 8K re: issuance of Floating Rate Notes
2/20/15 10K & 1/30 8K re: FY ended 12/31/14
2/3/15 8K re: election of Jeanette L. Ourada, Corp. VP & Comptroller
1/30/15 8K re: 4Qtr fin'l results

Cisco CSCO:
3/19/15 8K re: exec pre-arranged stock trading plan
2/18/15 & 2/11/15 8K re: 2Qtr ended 1/24/15

Coke KO:
3/2/15 Def. 14A Proxy re: Annual Mtg of Shareholders 11 am, Cobb Galeria Centre, Atlanta
3/10/15 & 3/3/15 8Ks re: issuance of Floating Rate Notes
2/25/15 10K & 2/10/15 8K re: FY ended 12/31/14
2/20/15 8K re: retirement from Board of James D. Robinson & Peter V. Ueberroth
2/18/15 8K re: Amdmt to employee stock option plans

Disney DIS:
3/13/15 8K re: voting results of 3/12 Annual Shareholders Mtg
2/11/15 Def14A re: shareholder proposals
2/5/15 8K re: Agreement for COO Thomas O. Stagg
2/3/15 10Q & 2/3/15 8K re: Qtr ended 12/27/14
1/16/15 Def. 14A Proxy re: Annual Mtg. of Shareholders at 10 am 3/12/15 at Palace of Fine Arts, SF

DuPont DD:
3/17/15 - 3/19/15 Def. Proxy 14A re: Trian's proposal to add Directors
2/5/15 8K re: election to Board of Edward D. Breent & James L. Gallogly
2/5/15 10K & 1/27/15 8K re: FY ended 12/31/14
1/27/15, 1/15/15, 1/14/15, 1/13/15, 1/9/15 (five) 14A Proxy: re: Nelson Peltz's Trian's proposal to break-up DuPont
1/12/15 8K re: 4Qtr fin'l results

ExxonMobil XOM:
3/10/15 8K re: 3/4/15 analyst meeting
3/6/15 8K re: issuance of Floating rate Notes
2/25/15 10K & 2/24/15 8K & 2/2/15 8K re: 10K for FY ended 12/31/14

GE:
3/10/15 def. 14A Proxy re: Shareholder Mtg 4/22/15 10am at Cox Conv. Ctr. Oklahoma City
2/27/15 10K re: FY ended 12/31/14
2/11/15 8K re: Amdmt By-laws re: proxy access by 3% holders
1/23/15 8K re: 4Qtr fin'l results

Goldman Sachs GS:
3/11/15 8K re: revised '15 Capital Plan
3/9/15 8K re: retirement from Board of Claes Dahlback
2/23/15 10K & 1/16/15 8K re: FY ended 12/31/15
2/8/15 8K re: issuance of Floating Rate Notes
1/23/15 8K re: issuance of notes
1/16/15 8K re: 4Qtr fin'l results

Home Depot HD:
2/24/15 8K re: FY & Qtr ended 2/1/15
1/16/15 8K re: replacement of Chairman of Board Francis S. Blake with Craig A. Menear

Intel INTC:
3/12/15 8K re: 1Qtr guidance
2/13/15 10K & 1/15/15 8K re: FY ended 12/27/14
1/15/15 8K re: fin'l results of 4Qtr ended 12/27

IBM:
3/19/15 Def. Proxy  14A Stockholders Annual Mtg at 10 am 4/.28/15 at Statehouse Conv. Ctr., Little Rock, Ark & nomination of Alex Gorsky, CEO, Johnson & Johnson & Peter R. Voser to Board
2/24/15 10K & 1/20/15 8K re: FY ended 12/31/14
2/5/15 8K re: issuance of debt securities
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

JPMorgan Chase JPM:
3/20/15 8K & 3/6/15 8K re: redemption of Bear Stearn Notes
3/6/15 8K re: release of '15 Dodd-Frank Act Stress Test results
2/27/15 8K re: redemption of Capital securities
2/25/15 8K re: 2/24/15 Investor Day Conf.
2/24/15 10K for FY ended 12/31/14
2/17/15 8K re: redemption of notes
2/12/15 8K re: issuance of Preferred Shares
1/23/15 8K re: closing of note offering

Johnson & Johnson JNJ:
3/11/15 Def. 14A Proxy for Annual shareholder Mtg a 10:30 am on 4/23/15 at State Theatre, New Brunswick, NJ
3/2/15 8K re: sale of Cordis Business for $1.99 bil to Cardinal Health
2/24/15 10K for FY ended 12/28/14
1/20/15 8K re: 4Qtr ended 12/28/14 fin'l results

McDonald's MCD:
3/20/15 8K re: stock award to execs
3/9/15 8K re: Feb. global sales
3/3/15 8K & 2/3/15 8K re: election of Stephen Easterbrook as CEO
2/24/15 10K for FY ended 12/31/14
2/10/15 8K re: Global sales for Jan.
2/4/15 8K re: TRC mini-tender offer
1/23/15 8K re: 4Qtr ended 12/31/14 fin'l results

Merck MRK:
2/27/15 10K & 2/4/15 8K re: FY ended 12/31/14
2/10/15 8K re: issuance of Floating rate Notes

Microsoft MSFT:
2/12/15 8K re: issuance of notes
1/26/15 10Q & 1/26/15 8K re: fin'l results for qtr ended 12/31/14

Nike NKE:
3/19/15 8K for Qtr ended 2/28/15
2/12/15 8K re: election & retirement of VPs
1/7/15 10Q & 12/2214 8K re: results of qtr ended 11/30

Pfizer PFE:
3/12/15 Def. 14A Proxy re: 4/23/15 Annual Shareholder Mtg at Short Hills, NJ
2/27/15 10K & 1/27/15 8K re: FY ended 12/31/15
2/10/15 8K re: $5 bil share buyback program
2/6/15 8K re: purchase of Hospira, Inc.
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:
2/19/15 8K re: Consumer analysts Group conf. on 2/19/15
2/10/15 8K re: appointment of ex-Home depot CEO Frank S. Blake to Board
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

3M MMM:
2/23/15 8K purchase of Polypore's separation Media business
2/12/15 10K & 1/27/15 8K re: FY ended 12/31/14
1/31/15 8K re: 4Qtr fin'l results

Travelers TRV:
2/12/15 10K re: FY ended 12/31/14
1/22/15 8K re: qtr ended 12/31/14 fin'l results

United Technologies UTX:
3/13/15 Def. 14A Proxy re: Annual Mtg of Shareholders on 3/2/15 2pm at PGA Nat'l Resort, Palm Beach Gardens, FL
3/1/13/15 8K re: repurchase of $2.6 bil of stock
2/5/15 10K for FY ended 12/31/15
3/12/15 8K re: reviewing possible spin-off of Sikorsky Aircraft Business
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

UnitedHealth Group UNH:
3/6/15 8K re: Barclays Global Healthcare Conf on 3/10 in Miami
2/17/15 8K re: exec. comp. changes
2/10/15 10K re: FY ended 12/31/14
2/6/15 8K re: Leenik Global Healthcare Conf. on 2/11
1/21/15 8K re: 4Qtr fin'l results

Verizon Communications Inc. VZ:
3/12/15 8K & 2/26/15 8K & 2/25/15 8K 2/12/15 8K re: results of exchange offer
2/23/15 10K re: FY ended 12/31/14
2/18/15 8K re: EVP changes
2/5/15 8K re: election of Mark T. Bertolini to Board
2/5/15 8K re: sale of assets, purchase of wireless towers & $5 bil stock buybacks
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

Visa V:
2/27/15 8K & two 1/29/15 8Ks: re: amd. by-laws to allow 4 for 1 stock splits
2/2/15 8K re: exec. changes
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

WalMart WMT:
2/19/15 8K re: 4Q results
12/16/14 8K re: latest ruling re: class action lawsuit in Phil for underpaying employees - Braun/Hummel v. Walmart

NO MAS


3/31/15 Tues. pm Dow Closes at 17776.12 down 200.19 or 1.11%


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

Post No. 3,116 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  as of 3/22/15 and a summary of recent Dow 30 components'  SEC filings as of 3/22/15.

The Dow Jones Industrial Average closed Tuesday at 17776.12 down 200.19 or 1.11%  from Monday's close of 17976.31. Of the Dow components 3  gained  and 27  declined. The  biggest gainer dollar-wise  and percentage-wise was Cisco up 8 cents or 0.31%. The  biggest decliner dollar-wise was Goldman Sachs down $3.05  and percentage-wise was  UnitedHealth down 2.24%.

As of the open of  the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.14985889030177.  Tuesday's trailing P/E   ratio is 16.88 up  from yesterday's   trailing P/E ratio of 16.19 (last year it was 15.89).  Today's P/E estimate is 16.30 unchanged from Monday's P/E estimate of 16.30 (year ago it was 14.74) and  today's dividend yield is 2.47 down from  yesterday's dividend yield of 2.51  (last year it was 2.16). The Dow's all-time high was 18288.63 on March 2,  2015. 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 2663.91 down 30  from Monday's average numerator of 2693.91.   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 (0.14985889030177) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.67  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Tuesday's Dow Jones Industrial Average was $88.80  down  $1.00 from Monday's closing average of $89.80.  The median closing price of  Tuesday's Dow Jones Industrial Average was $83.62  (WMT/XOM) down 56 cents from Monday's median closing price of $84.18 (PG/XOM).  The lowest volume was Travelers and the highest volume was Apple.

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  $300 ($265,391 - $266,391).

3/31/15 Tues. 4:50 pm MarketWatch by Anora Mahmudova & Victor Reklaitis says
U.S. stocks closed with sizable losses Tuesday, leaving the Dow industrials in the red for the year’s first quarter. Some analysts blamed the session’s drop on expectations for disappointing first-quarter earnings. The Dow Jones Industrial Average DJIA, -1.11%  closed down 200.19 points, or 1.1%, at 17,776.12. For the quarter, the blue-chip gauge lost 46.95 points, or nearly 0.3%, snapping a three-quarter winning streak. The S&P 500 SPX, -0.88% finished down 18.35 points, or 0.9%, at 2,067.89. The benchmark still managed a quarterly gain of 0.4%, extending its winning streak to nine quarters.
The Nasdaq Composite COMP, -0.94% fell 46.56 points, or 0.9%, at 4,900.88, as the tech-heavy index scored a 3.5% advance for the quarter. The Nasdaq has climbed for nine quarters in a row for its longest quarterly winning streak in its history.“Investors are anxiously awaiting earnings reports over the next few week, hoping they are not as bad as feared. With markets trading near recent highs, a lot is at stake,” said Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management.
Commenting on the performance of stocks over the past three months, Tom Wright, director of equities at JMP Securities, said the fact that each selloff was met with a rebound indicates that the underpinnings of the bull market are still intact.Tuesday’s economic news: U.S. house prices were steady in January, according to the S&P/Case-Shiller 20-city composite released Tuesday.A reading on business conditions in the Chicago region came in weaker than expected, but a consumer-confidence figure was better than anticipated.Among Tuesday’s Fed speakers, Richmond Fed President Jeffrey Lacker said he expects solid growth and rising inflation this year, and as a result, would urge the U.S. central bank to start raising interest rates relatively soon. Individual movers: CBRE Group Inc. CBG, -0.15%  closed 6.3% higher for the S&P 500’s biggest gain after the company said it plans to buy Johnson Controls Inc.’s JCI, +1.22% workplace solutions business in a deal worth $1.475 billion.IBM Corp. IBM, -1.33% said Tuesday it plans to invest $3 billion in a new “Internet of Things” business that will help customers gather and analyze data from sensor-equipped devices and smartphones. Shares closed down 1.3%.Other markets: European stocks SXXP, -0.64% moved lower on Tuesday, with analysts pegging the slide to traders using disappointing eurozone unemployment data as an excuse to bank gains after the best quarter in years. Asian stocks closed mixed, but the quarter produced double-digit percentage gains for the Nikkei 225 NIK, -1.05%  and the Shanghai Composite SHCOMP, -1.02%                                 
 The dollar EURUSD, +0.07%  gained, while oil prices CLK5, -2.44%  fell as talks over Iran’s nuclear talks neared a deadline and the dollar’s strength weighed. Gold GCJ5, -0.14% settled lower.

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AXP▲ NYSE
AAPL▼ NASDAQ-GS
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 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, 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 Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at 17976.31 up 263.65 or 1.49%  from Friday's close of 17712.66. For the year the Dow is up 0.86%. Of the Dow components 28  gained  and 2  declined. The  biggest gainer dollar-wise  and percentage-wise was Boeing up $3.85 or 2.59%. The  biggest decliner dollar-wise and percentage-wise was  Intel down 54 cents or 1.69%.

Monday's Dow Jones Industrial Average numerator is 2693.91 up 39.51  from Friday's average numerator of 2654.40.   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 (0.14985889030177) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.67  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Monday's Dow Jones Industrial Average was $89.80  up $1.32 from Friday's closing average of $88.48.  The median closing price of  Monday's Dow Jones Industrial Average was $84.18  (PG/XOM) up $1.24 from Friday's median closing price of $82.94 (PG/XOM).  The lowest volume was 3M and the highest volume was Intel.

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 made  $516 ($265,440).

3/30/15 Mon. 4:39 pm MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
U.S. stocks advanced on Monday, with the main indexes booking solid gains for the second straight session, driven by dovish comments from China’s central-bank chief as well as a continued flurry of deal announcements. The S&P 500 SPX, +1.22%  closed 25.22 points, or 1.2%, to 2,086.24, with gains across the board. Energy stocks were the biggest winner, with the sector rising 2.1%. The Dow Jones Industrial Average DJIA, +1.49%  finished up 263 points, or 1.5%, to 17,947.44. Among the blue-chips, 28 of the 30 components ended with gains.The Nasdaq Composite COMP, +1.15%  gained 56.22 points, or 1.2%, to 4,947.44“Today’s rally suggests investors still prefer aid from central banks to actual growth in the economy and are willing to bear above-average risks for below-average returns,” said Channing Smith, managing director at Capital Advisors.On Sunday, the PBOC governor said he saw “more room” for China to ease policy if the economy stays soft and inflation continues to weaken. On Monday, Chinese stocks closed at a seven-year high.“Investors had been worried about China’s slowing growth, so encouraging comments from their central bank lifted markets. And merger news also contributed to the sudden rush into stocks,” said Kate Warne, investment strategist at Edward Jones.“Stock markets tend to over-react to good and bad news. While it is positive that markets have once again showed resiliency and bounced back, I am not sure a 200+ gain on the Dow is warranted,” Warne said.Smith said that he’s taking a cautious approach to Monday’s run-up. “Our approach is to raise cash at this point. The higher stock market rises, the more conservative we get, given stocks are very expensive,” Smith added. Big week for data: The shortened week for investors will still see nonfarm-payrolls data arrive on Friday, when markets are closed. Investors assessed data on consumer spending and personal income. Continued softness in economic data has put the Federal Reserve into patient mode. On Friday, Federal Reserve Chairwoman Janet Yellen said gradual hikes are likely this year, but that the central bank will move cautiously, speaking at a conference sponsored by the San Francisco Fed. U.S. consumers barely increased spending in February in another signal that the economy slowed in the first quarter. Personal incomes, meanwhile, rose for the fourth time in a five months and the saving rate climbed for the third straight month.Separately, pending home sales in February reached their highest level since June 2013, a trade group said Monday.Stocks to Watch: Shares of Catamaran Corp. CTRX, -0.15%   surged 24% after UnitedHealth Group Inc. UNH, +2.53%   said it would buy the pharmacy-benefit manager for around $12.8 billion in cash. UnitedHealth rose 3.4%.Teva Pharmaceutical Industries Ltd. TEVA, +0.84%   on Monday announced an agreement to buy Auspex Pharmaceuticals Inc. ASPX, +41.53%   in a deal valued at $3.2 billion. Auspex jumped 42%% to $100.36.Other markets: In Europe, the Stoxx Europe 600 index SXXP, +1.09% rallied Monday, with the benchmark rising 1%. U.S. crude-oil prices settled lower, falling 19 cents, or 0.4%, to close at $48.68 a barrel CLK5, -0.35% while gold prices  GCK5, -1.23%  closed lower for the second session, falling $15, or 1.3%, to settle at $1,184.80 an ounce. The dollar DXY, +0.61%   rose against major currencies.

Tuesday's Dow News followed by Monday's Closing Dow Numbers:

American Express:

Apple:

Boeing:

Caterpillar:

Chevron:

Cisco:

Coke:

Disney:

DuPont:

Exxon:

GE:

Goldman Sachs:

Home Depot:

Intel:

IBM:

JPMorgan:

Johnson & Johnson:

McDonald's:  WSJ pB1 'McDonald's tests all day breakfast" by Ilan Brat says McDonald's test shows CEO Steve Easterbrook's willingness to experiment to reinvigorate flagging sales.

Merck:

Microsoft:

Nike:

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealth: WSJ pB1 "UnitedHealth deal aims at rising drug costs" by Anna Wilde Mathews, Joseph Walker says UnitedHealth will buy Catamaran for $12.8 bil in cash to bulk up its pharmacy benefit business amid growing concern from employers and insurers about the rising costs of cutting edge drugs.  Catamaran is the 4th largest pharmacy benefit manager in the US.

Verizon:

Visa:

Walmart:

Monday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AXP▲ NYSE
AAPL▲ NASDAQ-GS
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)

Apple: Tim Cook (Cupertino, CA)

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 Steve Easterbrook (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 3/22/15  ranked in order of market capitalization in billions:

1. Apple AAPL $733.34
2. Exxon Mobil XOM $354.62
3. Microsoft MSFT 351.78
4. Johnson & Johnson JNJ 284.72
5. Wal-Mart WMT 268.87
6. GE 255.65
7. JPMorgan Chase JPM 229.36
8. Procter & Gamble PG 228.84   
9. Pfizer PFE 209.91
10.  Verizon VZ 205.94
11.  Chevron CVX 201.24
12. Disney 184.28
13. Coke KO 177.49
14. Merck MRK 166.26
15. IBM 160.99
16.  Home Depot HD 153.44 
17. Cisco CSCO 145.18
18. Intel INTC 144.28
19. UnitedHealth UNH 113.62
20.  Boeing BA 108.83 
21.  United Technologies UTX 108.37
22. 3M MMM 105.68 
23. McDonald' s MCD 93.28   
24. Nike NKE 88.10
25. Goldman Sachs GS 87.21
26. American Express AXP 84.29
27. DuPont DD 67.31
28. Caterpillar CAT 49.21
29. Visa V 42.35
30. Travelers TRV 35.26
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/22/15  for the prior 90 day period:

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

American Express AXP:
3/16/15 8K re: delinq. & write-off stats for 3 mos. thru 2/15/15
3/11/15 8K re: increase of quarterly dividend & repurchase of up to $6.6 of shares
3/2/15 8K re: issuance of preferred shares
2/24/15 10K re: FY ended 12/31/14
2/17/15 8K re: delinq. & write-off states for 3 months thru 1/15
2/12/15 8K re: end of exclusive deal w/Costco
1/21/15 8K re: 4Q & FY '14 earnings
1/15/15 8K re: delinq. & write-off delinq. stats. for 3 mos ended 12/31/14.

Apple AAPL:
3/13/15 8K re: amdmt. to employee stock purchase plan
2/9/15 8K re: issuance of notes
1/28/15 8K re: change to fin'l stmts due to change of reporting
1/28/15 10Q & 1/27/15 8K re: Qtr. ended 12/27/14
1/22/15 2 14A Proxies re: Annual Mtg of Shareholders on 3/10/15 at 9 am at HG at Cupertino, CA

Boeing BA:
3/13/15 14A Def. Proxy re: Annual Shareholders Mtg on 4/27/15 at 9 am at Field Museum, Chicago
2/20/15 8K re: issuance of senior notes
2/12/15 10K & 1/28/15 8K re: FY ended 12/31/14
2/10/15 8K re: retirement of Linda Z. Cook from Board
1/27/15 8K re: 4Qtr fin'l results

Caterpillar CAT:
3/19/15 8K re: sales thru 2/15
2/19/15 8K re: sales thru 1/15
2/17/15 & 1/27/15 8K re: FY ended 12/31/14
1/27/15 8K re: 4Qtr fin'l results
1/26/15 8K re: 3 mos ended 12/31/14 retail sales stats

Chevron CVX:
3/3/15 8K re: issuance of Floating Rate Notes
2/20/15 10K & 1/30 8K re: FY ended 12/31/14
2/3/15 8K re: election of Jeanette L. Ourada, Corp. VP & Comptroller
1/30/15 8K re: 4Qtr fin'l results

Cisco CSCO:
3/19/15 8K re: exec pre-arranged stock trading plan
2/18/15 & 2/11/15 8K re: 2Qtr ended 1/24/15

Coke KO:
3/2/15 Def. 14A Proxy re: Annual Mtg of Shareholders 11 am, Cobb Galeria Centre, Atlanta
3/10/15 & 3/3/15 8Ks re: issuance of Floating Rate Notes
2/25/15 10K & 2/10/15 8K re: FY ended 12/31/14
2/20/15 8K re: retirement from Board of James D. Robinson & Peter V. Ueberroth
2/18/15 8K re: Amdmt to employee stock option plans

Disney DIS:
3/13/15 8K re: voting results of 3/12 Annual Shareholders Mtg
2/11/15 Def14A re: shareholder proposals
2/5/15 8K re: Agreement for COO Thomas O. Stagg
2/3/15 10Q & 2/3/15 8K re: Qtr ended 12/27/14
1/16/15 Def. 14A Proxy re: Annual Mtg. of Shareholders at 10 am 3/12/15 at Palace of Fine Arts, SF

DuPont DD:
3/17/15 - 3/19/15 Def. Proxy 14A re: Trian's proposal to add Directors
2/5/15 8K re: election to Board of Edward D. Breent & James L. Gallogly
2/5/15 10K & 1/27/15 8K re: FY ended 12/31/14
1/27/15, 1/15/15, 1/14/15, 1/13/15, 1/9/15 (five) 14A Proxy: re: Nelson Peltz's Trian's proposal to break-up DuPont
1/12/15 8K re: 4Qtr fin'l results

ExxonMobil XOM:
3/10/15 8K re: 3/4/15 analyst meeting
3/6/15 8K re: issuance of Floating rate Notes
2/25/15 10K & 2/24/15 8K & 2/2/15 8K re: 10K for FY ended 12/31/14

GE:
3/10/15 def. 14A Proxy re: Shareholder Mtg 4/22/15 10am at Cox Conv. Ctr. Oklahoma City
2/27/15 10K re: FY ended 12/31/14
2/11/15 8K re: Amdmt By-laws re: proxy access by 3% holders
1/23/15 8K re: 4Qtr fin'l results

Goldman Sachs GS:
3/11/15 8K re: revised '15 Capital Plan
3/9/15 8K re: retirement from Board of Claes Dahlback
2/23/15 10K & 1/16/15 8K re: FY ended 12/31/15
2/8/15 8K re: issuance of Floating Rate Notes
1/23/15 8K re: issuance of notes
1/16/15 8K re: 4Qtr fin'l results

Home Depot HD:
2/24/15 8K re: FY & Qtr ended 2/1/15
1/16/15 8K re: replacement of Chairman of Board Francis S. Blake with Craig A. Menear

Intel INTC:
3/12/15 8K re: 1Qtr guidance
2/13/15 10K & 1/15/15 8K re: FY ended 12/27/14
1/15/15 8K re: fin'l results of 4Qtr ended 12/27

IBM:
3/19/15 Def. Proxy  14A Stockholders Annual Mtg at 10 am 4/.28/15 at Statehouse Conv. Ctr., Little Rock, Ark & nomination of Alex Gorsky, CEO, Johnson & Johnson & Peter R. Voser to Board
2/24/15 10K & 1/20/15 8K re: FY ended 12/31/14
2/5/15 8K re: issuance of debt securities
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

JPMorgan Chase JPM:
3/20/15 8K & 3/6/15 8K re: redemption of Bear Stearn Notes
3/6/15 8K re: release of '15 Dodd-Frank Act Stress Test results
2/27/15 8K re: redemption of Capital securities
2/25/15 8K re: 2/24/15 Investor Day Conf.
2/24/15 10K for FY ended 12/31/14
2/17/15 8K re: redemption of notes
2/12/15 8K re: issuance of Preferred Shares
1/23/15 8K re: closing of note offering

Johnson & Johnson JNJ:
3/11/15 Def. 14A Proxy for Annual shareholder Mtg a 10:30 am on 4/23/15 at State Theatre, New Brunswick, NJ
3/2/15 8K re: sale of Cordis Business for $1.99 bil to Cardinal Health
2/24/15 10K for FY ended 12/28/14
1/20/15 8K re: 4Qtr ended 12/28/14 fin'l results

McDonald's MCD:
3/20/15 8K re: stock award to execs
3/9/15 8K re: Feb. global sales
3/3/15 8K & 2/3/15 8K re: election of Stephen Easterbrook as CEO
2/24/15 10K for FY ended 12/31/14
2/10/15 8K re: Global sales for Jan.
2/4/15 8K re: TRC mini-tender offer
1/23/15 8K re: 4Qtr ended 12/31/14 fin'l results

Merck MRK:
2/27/15 10K & 2/4/15 8K re: FY ended 12/31/14
2/10/15 8K re: issuance of Floating rate Notes

Microsoft MSFT:
2/12/15 8K re: issuance of notes
1/26/15 10Q & 1/26/15 8K re: fin'l results for qtr ended 12/31/14

Nike NKE:
3/19/15 8K for Qtr ended 2/28/15
2/12/15 8K re: election & retirement of VPs
1/7/15 10Q & 12/2214 8K re: results of qtr ended 11/30

Pfizer PFE:
3/12/15 Def. 14A Proxy re: 4/23/15 Annual Shareholder Mtg at Short Hills, NJ
2/27/15 10K & 1/27/15 8K re: FY ended 12/31/15
2/10/15 8K re: $5 bil share buyback program
2/6/15 8K re: purchase of Hospira, Inc.
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:
2/19/15 8K re: Consumer analysts Group conf. on 2/19/15
2/10/15 8K re: appointment of ex-Home depot CEO Frank S. Blake to Board
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

3M MMM:
2/23/15 8K purchase of Polypore's separation Media business
2/12/15 10K & 1/27/15 8K re: FY ended 12/31/14
1/31/15 8K re: 4Qtr fin'l results

Travelers TRV:
2/12/15 10K re: FY ended 12/31/14
1/22/15 8K re: qtr ended 12/31/14 fin'l results

United Technologies UTX:
3/13/15 Def. 14A Proxy re: Annual Mtg of Shareholders on 3/2/15 2pm at PGA Nat'l Resort, Palm Beach Gardens, FL
3/1/13/15 8K re: repurchase of $2.6 bil of stock
2/5/15 10K for FY ended 12/31/15
3/12/15 8K re: reviewing possible spin-off of Sikorsky Aircraft Business
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

UnitedHealth Group UNH:
3/6/15 8K re: Barclays Global Healthcare Conf on 3/10 in Miami
2/17/15 8K re: exec. comp. changes
2/10/15 10K re: FY ended 12/31/14
2/6/15 8K re: Leenik Global Healthcare Conf. on 2/11
1/21/15 8K re: 4Qtr fin'l results

Verizon Communications Inc. VZ:
3/12/15 8K & 2/26/15 8K & 2/25/15 8K 2/12/15 8K re: results of exchange offer
2/23/15 10K re: FY ended 12/31/14
2/18/15 8K re: EVP changes
2/5/15 8K re: election of Mark T. Bertolini to Board
2/5/15 8K re: sale of assets, purchase of wireless towers & $5 bil stock buybacks
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

Visa V:
2/27/15 8K & two 1/29/15 8Ks: re: amd. by-laws to allow 4 for 1 stock splits
2/2/15 8K re: exec. changes
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

WalMart WMT:
2/19/15 8K re: 4Q results
12/16/14 8K re: latest ruling re: class action lawsuit in Phil for underpaying employees - Braun/Hummel v. Walmart

NO MAS