http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 3,095 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 18076.19 up 227.11 or 1.27% from Tuesday's close of 17849.08. For the year the Dow is up 1.42%. Of the Dow components 28 gained,, Cisco was unchanged and only Walmart declined. The biggest gainer dollar-wise was Chevron up $3.53 and percentage-wise was Caterpillar up 3.67%. The only and therefore the biggest decliner dollar-wise and percentage-wise was Walmart down 9 cents or 0.11%.
WSJ pC4 "Dow powers ahead, up 227" by Corrie Driebusch says US stocks rose sharply wed after the Fed signaled a more dovish approach to raising interest rates.
NYT pB2 "Shares rally on Fed's cautious words" & AJC pA11 "Fed's outlook helps stocks" by AP says the Fed gave a cautious outlook on the economy pushing stocks and bonds higher.
IBD pB3 "Stocks advance broadly as Fed clarifies its stance" by David Saito-Chujng says Wednesday's action saw broad gains, higher trade while the current outlook is uptrend under pressure.
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 17.11 up from yesterday's trailing P/E ratio of 16.76 (last year it was 15.94). Today's P/E estimate is 16.67 unchanged from Wednesday's P/E estimate of 16.67 (year ago it was 14.52) and today's dividend yield is 2.21 down from yesterday's dividend yield of 2.49 (last year it was 2.19). 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.
Wednesday's Dow Jones Industrial Average numerator is 2814.75 up 35.36 from Tuesday's numerator of 2779.39. 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 $93.84 up 52 cents from Tuesday's average closing price of $92.65. The median closing price of Wednesday's Dow Jones Industrial Average was $84.91 (WMT/XOM) up 46 cents from Tuesday's median closing price of $84.45 (WMT/XOM). The lowest volume was Travelers and the highest volume was AT&T.
If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have made $3,536 ($281,475 - $277,939).
3/18/15 Wed. 2:49 pm MarketWatch by Anora Mahmudova & Wallace Witkowski says
U.S. stocks swung sharply to gains Wednesday after the Federal Open Market Committee removed the word “patient” from its policy statement, but indicated a slower pace of rate hikes. The S&P 500 SPX, +1.21% jumped 22 points, or 1.1%, to 2,097, with all 10 sectors in the black, led by energy and utilities. Just before the statement, the S&P 500 was down 8 points.The Dow Jones Industrial Average DJIA, +1.27% surged 185 points, or 1%, to 18,034, after trading down 101 points just before the statement’s release. It was down more than 120 points, after shedding more than 100 points near the open. Twenty-four of the Dow’s 30 components were trading higher, with Chevron Corp. CVX, +3.42% among the biggest losers.The Nasdaq Composite COMP, +0.92% surged 41 points, or 0.8%, to 3,979, after being down about 17 points before the statement.The Fed’s “dot plot,” or survey of what Fed officials think rates should be at certain times, indicated a slower rise in rates, as the median dot for the end of 2015 declined to 0.625% from 1.125%.
Bob Baur, chief global economist at Principal Global Investors, said the Fed wants to maintain the most flexibility as it attempts to lift rates.The Fed wants “some flexibility to be able to raise rates fairly soon,” Baur noted. “But they don’t want to be locked in,” to a specific timetable, he added.
Fed Chairwoman Janet Yellen said at a news conference the central bank has not determined timing on rate increases.
Thursday's Dow News followed by Wednesday's Closing Dow Numbers:
AT&T: WSJ pB4 "Wireless firm steps into business market" by Thomas Gryta says T-Mobile is trying to take on Verizon and AT&T in the business market where Verizon and AT&T have 80% of the $60 bil business market.
IBD pB9 "Apple, Exxon top S&P 500 payouts" by Andrew Edwards says Apple and Exxon paid our more than $11 bill in dividends for 12 months ended in Jan. Other top payers included AT&T, Microsoft and GE.
American Express: IBD pA2 "Amex debuts loyalty program" says this summer Amex will launch Plenti a new loyalty program with Macy's, Exxon and others.
Apple: WSJ pC4 "Dow's health improves by adding Apple to diet" by Kristen Scholer says Apple replaced AT&T after the markets closed on Wed.
WSJ pC8 "Comcast may switch on Apple TV" by Miriam Gottfired says Comcast's NbCUniversal is the only broadcast network owner not in discussions with Apple re: Apple TV.
IBD pB9 "Apple, Exxon top S&P 500 payouts" by Andrew Edwards says Apple and Exxon paid our more than $11 bill in dividends for 12 months ended in Jan. Other top payers included AT&T, Microsoft and GE.
Boeing: NYT pB2 "Airbus and Boeing pressure seats maker over delays" by Reuters says the problem is a French supplier, Zodia Aerospace.
Caterpillar:
Chevron: WSJ pB1 "Oil giants abandon shale plays outside US" by Justin Scheck, Selina Williams says Chevron, Exxon and Shell have stopped wildcatting in Europe, Russia and China due to sanctions in Russia, a ban in France, a moratorium in Germany and poor results in Poland and low crude prices.
Cisco:
Coke: WSJ pA1 "Coke chief's solution for lost biz: more soda" by Mike Esterl says Coke ahs fallen short of its 3 to 4% annual vol growth target for the first tine in a decade. Coke will increase marketing spending and distribution to sell more soda.
Disney:
DuPont:
Exxon: WSJ pB1 "Oil giants abandon shale plays outside US" by Justin Scheck, Selina Williams says Chevron, Exxon and Shell have stopped wildcatting in Europe, Russia and China due to sanctions in Russia, a ban in France, a moratorium in Germany and poor results in Poland and low crude prices.
IBD pB9 "Apple, Exxon top S&P 500 payouts" by Andrew Edwards says Apple and Exxon paid our more than $11 bill in dividends for 12 months ended in Jan. Other top payers included AT&T, Microsoft and GE.
IBD pA2 "Amex debuts loyalty program" says this summer Amex will launch Plenti a new loyalty program with Macy's, Exxon and others.
GE: IBD pB9 "Apple, Exxon top S&P 500 payouts" by Andrew Edwards says Apple and Exxon paid our more than $11 bill in dividends for 12 months ended in Jan. Other top payers included AT&T, Microsoft and GE.
Goldman Sachs: WSJ pC1 "banks struggle to unload oil loans" by Matt Wirz, Gillian Tan says Goldman and other large banks are tying to sell bad loans made to energy firms last year.
Home Depot:
Intel:
IBM:
JPMorgan:
Johnson & Johnson:
McDonald's: WSJ pB3 "Do cage free chickens produce better eggs?" by David Kesmodel says the answer is no per a study partially financed by McDonald's.
IBD pA3 "Ray Kroc, the big mac of fast food innovation" by Kira Brecht profiles Ray Kroc who first opened for business in 1955.
Merck: IBD pA4 "Biogen, Merck results pending from key trials" by Amy Reeves says Merck will report phase three data on pill combining grazoprevir and elbasvir to treat hepatitis C.
Microsoft: IBD pB9 "Apple, Exxon top S&P 500 payouts" by Andrew Edwards says Apple and Exxon paid our more than $11 bill in dividends for 12 months ended in Jan. Other top payers included AT&T, Microsoft and GE.
Nike: WSJ pC1 "Nike's valuation is getting heavy" by Spencer Jakab says Nike's stock is 24.4 times forecast earnings for the next 12 months.
Pfizer:
Procter & Gamble:
3M:
Travelers:
United Technologies:
UnitedHealth:
Verizon: WSJ pB4 "Wireless firm steps into business market" by Thomas Gryta, IBD pB4 "T-Mobile extends price war to telecom business market" by Reinhardt Krause say T-Mobile is trying to take on Verizon and AT&T in the business market where Verizon and AT&T have 80% of the $60 bil business market.
Visa: USAT p4B "Story stocks" charts Visa saying it will begin trading for the first time today after a 4 for 1 stock split.
Walmart: WSJ pB3 "Target says it wil raise wages, too" by Paul Ziobro says it will pay $9 an hour in step with Walmart.
Wednesday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | ▲ | NYSE | |||
| 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 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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