5/31/15 Sun/Sat Barron's Likes Apple, Disney, Exxon & IBM

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

Post No. 3,190 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  Monday's Barron's & Investor's Business Daily, the combined Sat/Sun issued of each of the Wall Street Journal & Financial Times: & Sunday's & Saturday's New York Times &, Atlanta Journal & Constitution  yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Friday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 18010.68 down 115.44 or 0.64%  from Thursday's close of 18126.12. For the week the Dow was down 221.34 or 1.21% from last Friday's close of 18,232.02.  For the year the Dow is up 1.05%. Of the 30   Dow components 5  gained and 25  declined.  The  biggest gainer dollar-wise  and percentage-wise was Merck up $1.19 or 1.99%. The  biggest decliner dollar-wise was Goldman Sachs down $2.29 and percentage-wise was GE down 1.3%.

IBD pB8 "Stocks suffer moderate sell-off, but strength persists in niches" by Paul whitfield says stocks chalked up another week of small changes & tight weekly closes as Friday's action was down in rising vol & the current outlook is confirmed uptrend.

As of the open of  the market on Monday the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.14985889030177.  Monday's trailing P/E   ratio is 16.45 down from Friday's   trailing P/E ratio of  16.56 (last year it was 16.35).  Monday's P/E estimate is 16.12 down from Friday's P/E estimate of 16.34 (year ago it was 14.91) and  Monday's dividend yield is 2.34 up from  Thursday's dividend yield of  2.28 (last year it was 2.22). The Dow's all-time high was 18312.39 on May 19,  2015. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average numerator is 2699.06 down 17.3 from Thursday's average numerator of 2716.36.   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  Friday's Dow Jones Industrial Average was $89.97 down 58 cents from Thursday's closing average of $90.55.  The median closing price of  Friday's Dow Jones Industrial Average was $85.26 (XOM/CAT) down 30 cents from Thursday's median closing price of $85.56 (XOM/CAT).  The lowest volume was Travelers  and the highest volume was Apple.

If  Friday   morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost $1,730  ($271,636 - $269,906).

5/29/15 Fri. 4:09 pm MarketWatch by  Anora Mahmudova says U.S.  U.S. stocks closed lower on Friday after a string of weak economic reports, finishing the week with modest losses. However, the main indexes recorded a second straight month of gains. The benchmark S&P 500 and Dow industrials gained about 1% in May. The S&P 500 closed 13.40 points, or 0.6%, lower at 2,107.39 and shed 0.9% over the week. Friday’s losses were across the board. The Dow Jones Industrial Average  115.44 points, or 0.6%, to 18,010.68 and ended the week 1.2% lower. The Nasdaq Composite  ended the session down 27.95 points, or 0.6%, at 5,032 and posted a 0.4% loss over the week. The tech-heavy index gained 2.6% over the month, however.Investors assessed the second estimate of first quarter gross domestic product, which showed the economy shrank at a 0.7% annual pace during the first three months of the year. A previous reading showed 0.2% growth. Michael Arone, chief investment strategist at State Street Global Advisors U.S. business, said that while the revision was better than expected, he is still looking for signs that the weakness was transitory and weather related.“While we did pay attention to the drop in earnings in the report, that can be explained by the stronger dollar, which hurt a lot of multinational companies and the drop in oil prices that hurt energy firms. As the dollar and oil stabilized, we expect to see higher profits that will drive prices in the near term,” Arone said.Jeff Weniger, investment strategist and portfolio manager at BMO Global Asset Management, noted that the market hasn’t made a material advance to new highs since the end of last year.“We think the market is a lot nearer the top, given where the valuation metrics are. There are very few real value stocks in the U.S. at the moment. We have cut our position in U.S. stocks to net underweight from net overweight and favor emerging markets and other developed markets. Long U.S. stocks and the dollar trade is overcrowded,” Weniger said.  
Wouter Sturkenboom, senior investment strategist at Russell Investments in London, said Wall Street is definitely weary of trying to guess when the Federal Reserve will hike interest rates.“We are now in this weird zone where people wonder if good news is bad news, or simply good news after all. It looks like it will be difficult for U.S. stocks to break out of its current trading range,” said Sturkenboom in emailed comments.In a negative sign for an economy that contracted in the first quarter, data released Friday showed that consumer sentiment dropped in May to a six-month low.
Separately, the Chicago PMI plunged in May to a reading of 46.2 from 52.3 in April.Weniger said that the labor market is a lagging indicator and the economy looks as though it reached its cycle peak.
Stocks to watch:Humana Inc. shared jumped 20% after news reports that the health insurer is considering selling the company, a move that could trigger a widely anticipated wave of consolidation in the industry.Shares of chip maker Altera Corp. rose 4.2% after the New York Post reported Intel Corp. is nearing a deal to buy its smaller rival. Intel shares rose 1.1%. Shares of Google Inc. fell 1.4% even as the company unveiled Android Pay, a new mobile payment service that is expected to compete directly with Apple Inc.’s Apple Pay.

Sunday's & Saturday's Dow News followed by Friday's Closing Dow Numbers:

American Express:

Apple:

Boeing:

Caterpillar:

Chevron:

Cisco:

Coke:

Disney: Barron's Cover Story "Disney's next act" by Jack Hough says Boh Iger has a a great decade as CEO and the stock shold pop 50%.

DuPont:

Exxon:

GE:

Goldman Sachs:

Home Depot:

Intel: IBD pA2 & Barron's "Week review" say Intel is close to buying chip make Altera for $15 bil & JPMorgan is cutting 5,000 jobs.

IBM:

JPMorgan:  Barron's "Week review" says Intel is close to buying chip make Altera for $15 bil & JPMorgan is cutting 5,000 jobs.

Johnson & Johnson:

McDonald's:

Merck:  IBD pA5 "Cancer drug trials impact Merck, Bristol" by Amy Reeves says Merck and Bristol-Myers Squibb released new data on their hot, new immunotherapy cancer drugs, Opdivo, a PD-1 inhibitors.

Microsoft:

Nike:

Pfizer:  IbD pB13 "Pfizer's dividend, stock trend up" by scott Stoddard says Pfizer continues to increases its dividend at a healthy pace.

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealth:

Verizon:

Visa:

Walmart:

Friday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
AXP	$79.72	0.37	▼ 0.46%	7,385,145	NYSE
AAPL	$130.28	1.50	▼ 1.14%	50,884,452	NASDAQ-GS
BA	$140.52	1.81	▼ 1.27%	6,199,220	NYSE
CAT	$85.32	0.69	▼ 0.8%	4,685,657	NYSE
CVX	$103	0.24	▼ 0.23%	6,673,374	NYSE
CSCO	$29.31	0.04	▼ 0.14%	26,018,129	NASDAQ-GS
KO	$40.96	0.18	▼ 0.44%	19,628,649	NYSE
DIS	$110.37	0.16	▼ 0.14%	5,264,878	NYSE
DD	$71.01	0.43	▼ 0.6%	5,545,320	NYSE
XOM	$85.2	0.09	▲ 0.11%	14,631,316	NYSE
GE	$27.27	0.36	▼ 1.3%	41,661,017	NYSE
GS	$206.19	2.29	▼ 1.1%	2,255,524	NYSE
HD	$111.42	0.77	▼ 0.69%	5,310,612	NYSE
INTC	$34.46	0.45	▲ 1.32%	43,545,500	NASDAQ-GS
IBM	$169.65	2.06	▼ 1.2%	4,091,981	NYSE
JPM	$65.78	0.42	▼ 0.63%	14,310,723	NYSE
JNJ	$100.14	1.01	▼ 1%	9,957,798	NYSE
MCD	$95.93	0.55	▼ 0.57%	6,439,140	NYSE
MRK	$60.89	1.19	▲ 1.99%	20,015,567	NYSE
MSFT	$46.86	0.59	▼ 1.24%	36,519,594	NASDAQ-GS
NKE	$101.67	0.63	▼ 0.62%	2,781,140	NYSE
PFE	$34.75	0.31	▲ 0.9%	50,083,281	NYSE
PG	$78.39	0.94	▼ 1.18%	12,551,704	NYSE
MMM	$159.08	1.79	▼ 1.11%	2,880,519	NYSE
TRV	$101.12	1.03	▼ 1.01%	2,046,156	NYSE
UTX	$117.17	0.52	▼ 0.44%	5,061,360	NYSE
UNH	$120.21	0.59	▲ 0.49%	6,019,926	NYSE
VZ	$49.44	0.10	▼ 0.2%	14,778,355	DualListed
V	$68.68	0.88	▼ 1.27%	6,678,126	NYSE
WMT	$74.27	0.57	▼ 0.76%	6,375,067	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) to be replaced 7/26 by Chuck Robbins

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

5/29/15 Fri. pm Dow Closes at 18010.68 down 115.44 or 0.64%

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

Post No. 3,189 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.

The Dow Jones Industrial Average closed Friday at 18010.68 down 115.44 or 0.64%  from Thursday's close of 18126.12. For the week the Dow was down 221.34 or 1.21% from last Friday's close of 18,232.02.  Of the 30   Dow components 5  gained and 25  declined.  The  biggest gainer dollar-wise  and percentage-wise was Merck up $1.19 or 1.99%. The  biggest decliner dollar-wise was Goldman Sachs down $2.29 and percentage-wise was GE down 1.3%.

As of the open of  the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of Friday's Wall St. Journal is 0.14985889030177.  Friday's trailing P/E   ratio is 16.56 down from Thursday's   trailing P/E ratio of  16.59 (last year it was 16.33).  Friday's P/E estimate is 16.34 unchanged from Thursday's P/E estimate of 16.34 (year ago it was 14.81) and  Friday's dividend yield is 2.28 unchanged from  Thursday's dividend yield of  2.27 (last year it was 2.18  ). The Dow's all-time high was 18312.39 on May 19,  2015. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average numerator is 2699.06 down 17.3 from Thursday's average numerator of 2716.36.   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  Wednesday's Dow Jones Industrial Average was $89.97 up 61 cents from Tuesday's closing average of $90.55.  The median closing price of  Friday's Dow Jones Industrial Average was $85.26 (XOM/CAT) down 30 cents from Thursday's median closing price of $86.56 (XOM/CAT).  The lowest volume was Travelers  and the highest volume was Apple.

If  Friday   morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost $1,730  ($271,636 - $269,906).

5/29/15 Fri. 4:09 pm MarketWatch by  Anora Mahmudova says U.S.  U.S. stocks closed lower on Friday after a string of weak economic reports, finishing the week with modest losses. However, the main indexes recorded a second straight month of gains. The benchmark S&P 500 and Dow industrials gained about 1% in May. The S&P 500 closed 13.40 points, or 0.6%, lower at 2,107.39 and shed 0.9% over the week. Friday’s losses were across the board. The Dow Jones Industrial Average  115.44 points, or 0.6%, to 18,010.68 and ended the week 1.2% lower. The Nasdaq Composite  ended the session down 27.95 points, or 0.6%, at 5,032 and posted a 0.4% loss over the week. The tech-heavy index gained 2.6% over the month, however.Investors assessed the second estimate of first quarter gross domestic product, which showed the economy shrank at a 0.7% annual pace during the first three months of the year. A previous reading showed 0.2% growth. Michael Arone, chief investment strategist at State Street Global Advisors U.S. business, said that while the revision was better than expected, he is still looking for signs that the weakness was transitory and weather related.“While we did pay attention to the drop in earnings in the report, that can be explained by the stronger dollar, which hurt a lot of multinational companies and the drop in oil prices that hurt energy firms. As the dollar and oil stabilized, we expect to see higher profits that will drive prices in the near term,” Arone said.Jeff Weniger, investment strategist and portfolio manager at BMO Global Asset Management, noted that the market hasn’t made a material advance to new highs since the end of last year.“We think the market is a lot nearer the top, given where the valuation metrics are. There are very few real value stocks in the U.S. at the moment. We have cut our position in U.S. stocks to net underweight from net overweight and favor emerging markets and other developed markets. Long U.S. stocks and the dollar trade is overcrowded,” Weniger said.  
Wouter Sturkenboom, senior investment strategist at Russell Investments in London, said Wall Street is definitely weary of trying to guess when the Federal Reserve will hike interest rates.“We are now in this weird zone where people wonder if good news is bad news, or simply good news after all. It looks like it will be difficult for U.S. stocks to break out of its current trading range,” said Sturkenboom in emailed comments.In a negative sign for an economy that contracted in the first quarter, data released Friday showed that consumer sentiment dropped in May to a six-month low.
Separately, the Chicago PMI plunged in May to a reading of 46.2 from 52.3 in April.Weniger said that the labor market is a lagging indicator and the economy looks as though it reached its cycle peak.
Stocks to watch:Humana Inc. shared jumped 20% after news reports that the health insurer is considering selling the company, a move that could trigger a widely anticipated wave of consolidation in the industry.Shares of chip maker Altera Corp. rose 4.2% after the New York Post reported Intel Corp. is nearing a deal to buy its smaller rival. Intel shares rose 1.1%. Shares of Google Inc. fell 1.4% even as the company unveiled Android Pay, a new mobile payment service that is expected to compete directly with Apple Inc.’s Apple Pay.

Friday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
AXP	$79.72	0.37	▼ 0.46%	7,385,145	NYSE
AAPL	$130.28	1.50	▼ 1.14%	50,884,452	NASDAQ-GS
BA	$140.52	1.81	▼ 1.27%	6,199,220	NYSE
CAT	$85.32	0.69	▼ 0.8%	4,685,657	NYSE
CVX	$103	0.24	▼ 0.23%	6,673,374	NYSE
CSCO	$29.31	0.04	▼ 0.14%	26,018,129	NASDAQ-GS
KO	$40.96	0.18	▼ 0.44%	19,628,649	NYSE
DIS	$110.37	0.16	▼ 0.14%	5,264,878	NYSE
DD	$71.01	0.43	▼ 0.6%	5,545,320	NYSE
XOM	$85.2	0.09	▲ 0.11%	14,631,316	NYSE
GE	$27.27	0.36	▼ 1.3%	41,661,017	NYSE
GS	$206.19	2.29	▼ 1.1%	2,255,524	NYSE
HD	$111.42	0.77	▼ 0.69%	5,310,612	NYSE
INTC	$34.46	0.45	▲ 1.32%	43,545,500	NASDAQ-GS
IBM	$169.65	2.06	▼ 1.2%	4,091,981	NYSE
JPM	$65.78	0.42	▼ 0.63%	14,310,723	NYSE
JNJ	$100.14	1.01	▼ 1%	9,957,798	NYSE
MCD	$95.93	0.55	▼ 0.57%	6,439,140	NYSE
MRK	$60.89	1.19	▲ 1.99%	20,015,567	NYSE
MSFT	$46.86	0.59	▼ 1.24%	36,519,594	NASDAQ-GS
NKE	$101.67	0.63	▼ 0.62%	2,781,140	NYSE
PFE	$34.75	0.31	▲ 0.9%	50,083,281	NYSE
PG	$78.39	0.94	▼ 1.18%	12,551,704	NYSE
MMM	$159.08	1.79	▼ 1.11%	2,880,519	NYSE
TRV	$101.12	1.03	▼ 1.01%	2,046,156	NYSE
UTX	$117.17	0.52	▼ 0.44%	5,061,360	NYSE
UNH	$120.21	0.59	▲ 0.49%	6,019,926	NYSE
VZ	$49.44	0.10	▼ 0.2%	14,778,355	DualListed
V	$68.68	0.88	▼ 1.27%	6,678,126	NYSE
WMT	$74.27	0.57	▼ 0.76%	6,375,067	NYSE

****************
The following are excerpts from Fri. morning's Blog:

A  read of the print editions of  Friday's Wall Street Journal, Financial Times,  Investor's Business Dailey, New York Times, USA Today, Atlanta Journal & Constitution & Dailey 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 Thursday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average:

****************
 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) to be replaced 7/26 by Chuck Robbins

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

5/27/15 Wed. pm Dow Closes at 18162.99 up 121.5 or 0.67%

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

Post No. 3,188 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.

The Dow Jones Industrial Average closed Wednesday at 18162.99 up 121.45 or 0.67%  from Tuesday's close of 18041.54. Of the 30   Dow components  25  gained, GE was unchanged and 4  declined.  The  biggest gainer dollar-wise was Goldman Sachs up $2.68 and percentage-wise was Microsoft up 2.19%. The  biggest decliner dollar-wise and percentage-wise was Nike down 58 cents or 0.56%.

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 16.48 down from Tuesday's   trailing P/E ratio of  16.66 (last year it was 16.31).  Wednesday's P/E estimate is 16.34 unchanged from Tuesday's P/E estimate of 16.34 (year ago it was 14.81) and  Wednesday's dividend yield is 2.29 unchanged from  Tuesday's dividend yield of  2.29 (last year it was 2.18  ). The Dow's all-time high was 18312.39 on May 19,  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 2721.89 up 18.23 from Tuesday's average numerator of 2703.69.   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  Wednesday's Dow Jones Industrial Average was $90.73 up 61 cents from Tuesday's closing average of $90.12.  The median closing price of  Wednesday's Dow Jones Industrial Average was $86.55 (XOM/CAT) down 4 cents from Tuesday's median closing price of $86.59 (XOM/CAT).  The lowest volume was Travelers  and the highest volume was Apple.

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 $1,823  ($272,189 - $270,369).

5/27/15 Wed. 4:09 pm MarketWatch by  Anora Mahmudova says U.S.  stocks ended sharply higher on Wednesday, recovering most of the losses from the previous session. Tech stocks outperformed other sectors, sending the Nasdaq Composite to a record level. The index gained 73.84 points, or 1.5%, to 5,106.59. The S&P 500 SPX, +0.92% closed 19.28 points, or 0.9%, higher at 2,123.48, several points away from its previous record. The Dow Jones Industrial Average DJIA, +0.67% jumped 121.45 points, or 0.7%, to 18,162.99.

Wednesday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
AXP	$80.11	0.08	▼ 0.1%	5,033,203	NYSE
AAPL	$132.045	2.425	▲ 1.87%	45,462,594	NASDAQ-GS
BA	$143	0.20	▲ 0.14%	2,817,922	NYSE
CAT	$87.94	0.10	▲ 0.11%	2,228,739	NYSE
CVX	$103.11	0.18	▼ 0.17%	5,806,229	NYSE
CSCO	$29.31	0.36	▲ 1.24%	23,657,164	NASDAQ-GS
KO	$41.12	0.13	▲ 0.32%	9,738,726	NYSE
DIS	$110.38	0.94	▲ 0.86%	3,491,445	NYSE
DD	$70.79	0.04	▲ 0.06%	3,756,927	NYSE
XOM	$85.11	0.24	▼ 0.28%	9,715,997	NYSE
GE	$27.52	unch	unch	25,031,717	NYSE
GS	$209.06	2.68	▲ 1.3%	2,683,975	NYSE
HD	$112.16	1.23	▲ 1.11%	4,109,417	NYSE
INTC	$33.71	0.605	▲ 1.83%	24,355,995	NASDAQ-GS
IBM	$172	1.87	▲ 1.1%	2,728,355	NYSE
JPM	$66.47	0.74	▲ 1.13%	10,556,525	NYSE
JNJ	$101.13	0.31	▲ 0.31%	8,822,452	NYSE
MCD	$98.66	0.20	▲ 0.2%	7,869,626	NYSE
MRK	$59.46	0.49	▲ 0.83%	9,635,650	NYSE
MSFT	$47.6108	1.0208	▲ 2.19%	25,640,600	NASDAQ-GS
NKE	$102.84	0.58	▼ 0.56%	4,051,563	NYSE
PFE	$34.305	0.195	▲ 0.57%	13,727,079	NYSE
PG	$79.39	0.25	▲ 0.32%	7,516,733	NYSE
MMM	$161.02	1.43	▲ 0.9%	1,799,851	NYSE
TRV	$102.34	0.74	▲ 0.73%	1,278,306	NYSE
UTX	$117.64	0.77	▲ 0.66%	3,331,605	NYSE
UNH	$119.43	1.19	▲ 1.01%	2,253,326	NYSE
VZ	$49.57	0.15	▲ 0.3%	14,244,181	DualListed
V	$69.497	0.957	▲ 1.4%	6,494,106	NYSE
WMT	$75.19	0.29	▲ 0.39%	6,741,073	NYSE

*********************
The following are excerpts from Wed. morning's Blog:

A  read of the print editions of  Wednesday's Wall Street Journal, Financial Times,  Investor's Business Dailey, New York Times, USA Today, Atlanta Journal & Constitution & Dailey 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 Tuesday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 18041.54 down 190.48 or 1.04%  from Friday's close of 18232.02. For the year the Dow is up 1.23%. Of the 30   Dow components   all 30  declined.  The  biggest decliner dollar-wise and percentage-wise was Apple down $2.92 or 2.2%.

WSJ pC1 "Stocks swoon over worries on economy" by Dan Strumpf says the Dow fell as small cap & tech shares turn lower as a fresh batch of US economic data joled investors.

FT p19 "Wall street" by Mamta Badkar says all 10 components of the S&P fell with tech & materials stocks leading the decline.

IBD pB5 "Economic data impress; market sees distribution" by Ken Shreve says a strengthening US dollar didn't help the market which fell due to interest rate hike worries as Tuesday's action was down in higher vol while the current outlook is confirmed uptrend.

NYT pB7 "Greece and a rising dollar drive shares down" & AJC pA9 "Fears pummel stocks" by AP says the stock market had its worst day in 3 weeks as investors fretted over Greece's debt crisis & a surge in the US dollar as investors sought safety in US bonds.  

USAT p1B "Stocks slide as rate hike angst returns" by Adam Shell says the dow fell Tuesday and posted its worst day in May as a stronger US dollar & mixed economic data rattled investors.

Tuesday's Dow Jones Industrial Average numerator is 2703.69 down 28.54 from Friday's average numerator of 2732.23.   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 $90.12 down 95 cents from Friday's closing average of $91.07.  The median closing price of  Tuesday's Dow Jones Industrial Average was $86.59 (XOM/CAT) Down $1.98 cents from Friday's median closing price of $88.57 (XOM/CAT).  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 $2,854  ($273,223 - $270,369).

5/26/15 Tues. 4:41 pm MarketWatch by  Anora Mahmudova and Sara Sjolin says U.S. stocks sold off on Tuesday with the S&P 500 and Dow suffering their biggest one-day declines in three weeks. A sharp increase in the dollar spurred global investors to dump riskier assets such as equities and commodities, while driving them into havens such as Treasurys. The S&P 500 SPX, -1.03% closed off 21.86 points, or 1%, lower at 2,104.20, with all 10 main sectors declining. The Dow Jones Industrial Average DJIA, -1.04%  dropped 190.48 points, or 1%, to 18,041.54, while the Nasdaq Composite Index COMP, -1.11%  ended the session 56.61 points lower, or down 1.1%, at 5,032.75.
U.S. markets were closed for Memorial Day on Monday. The dollar  DXY, +0.92%  rallied on the back of the inflation data on Friday and hawkish comments from Federal Reserve Chairwoman Janet Yellen, warning that a rate hike is still in the cards for 2015.Oil and gold prices tumbled on the dollar’s move, while Treasurys rose, sending the yield on the 10-year note down 7 basis points to 2.14%. A spike in the CBOE Volatility index VIX, +15.91% which measures implied volatility on the S&P 500, suggests investors are increasingly nervous about a possible pullback. JJ Kinahan, chief strategist at TD Ameritrade, said a sudden spike in the dollar following remarks made Friday by Fed Chairwoman Janet Yellen continued to hit markets, damping earnings expectations from companies already struggling from falling revenues due to currency fluctuations.But Kinahan stressed that the overall trend is still positive in the market. “The spike in the Vix means people are finally buying protection and also shifting into Treasuries again. But until we breach 2,100, Tuesday’s move is not a big deal,” he noted.Colin Cieszynski, chief market strategist at CMC Markets, said speculation that rate hikes can come sooner are back.“The Federal Reserve is data-dependent and with all the weaker data during the winter, investors had previously written off rate hikes this summer, but stronger data is shifting those expectations,” Cieszynski said. Cieszynski also noted that seasonally the period between end of May and the next earnings season is usually weak for stock prices.Positive readings on recent economic data, including a pick up in inflation and job gains, have stoked fears that an interest-rate hike may come sooner than anticipated, unnerving some investors. On Tuesday, a report on durable-goods orders showed signs of revival in business investment in April.

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

American Express:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Apple: fT p1 "Apple's core business adds value" by Brian Groom says times may be tough for some firms but Apple is booming.

WSJ pC4 "Apple plans its first yen denominated bons next month" by Takashi Mochizuki, Ealnor Warnock says this will be in June in Japan and will be for $1.6 bil.

USAT p4B "Apple designates Ive as new design chief" by Laura Mandaro, AJC pA8 "Apple promotes Ive to chief design officer" says Jonathan Ive will be one of Apple's top execs.

WSJ pD1 "LG's newest android smartwatch trails Apple's  by Geoffrey a. fowler   says Apple's watch is better than Andorid Wear watches.

FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  No mentions found.

Cisco: FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Coke: UsAT p4B "Coke's soft drink money seeds tech start ups" by Marco della Cava says Coke seeds small firms whose tech based dieas could help Coke.

WSJ pB8 "Coke says it is ready to let in Monster" by Mike Esterl says Coke's $2.15 bil purchase of Mosnter will close in June.

FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Disney: AJC pA7 "Media CEOs top salary ranking" by Steve Rothwell, Ryan Nakashima says  Disney's Iger was 4th on the list of '14 highest paid CEOs at $43.7 mil.

FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

DuPont:  No mentions found.

Exxon: FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

GE: FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Goldman Sachs:  No mentions found.

Home Depot:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Intel:  No mentions found.

IBM:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

JPMorgan: USAT p7A "Another day, another multi-million penalty for big banks" is an editorial that says 4 banks including JPMorgan pleaded guilty last week to manipulating currency exchange rates & were fined $2.5 bil.

Johnson & Johnson:   FT p13 "Life after the pharma megamerger that never was" by Andrew ward, David Crow says a takeover of AstraZeneca by Pfizer wold have  solved Pfizer's tax problems.  In the past 12 months, Pfizer has gone up 16%, outperforming Merck and Johnson & Johnson up 5% and 1% respectively.

McDonald's:  USAT p2A "Voices" by Bruce Horovitz says McDonald's & Nike are struggling to rebrand themselves.

FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Merck:   FT p13 "Life after the pharma megamerger that never was" by Andrew ward, david Crow says a takeover of AstraZeneca by Pfizer wold have  solved Pfizer's tax problems.  In the past 12 months, Pfizer has gone up 16%, outperforming Merck and Johnson & Johnson up 5% and 1% respectively.

Microsoft:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Nike:   USAT p2A "Voices" by Bruce Horovitz says McDonald's & Nike are struggling to rebrand themselves.

Pfizer: FT p13 "Life after the pharma megamerger that never was" by Andrew ward, david Crow says a takeover of AstraZeneca by Pfizer wold have  solved Pfizer's tax problems.  In the past 12 months, Pfizer has gone up 16%, outperforming Merck and Johnson & Johnson up 5% and 1% respectively.

Procter & Gamble: No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

UnitedHealth:  No mentions found.

Verizon:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Visa:  FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Walmart: NYT pA13 "North Dakota: Walmart gunman identified as airman" by AP says a gunman killed an employee and then killed himself at a Walmart in N. Dakota.

 FT Special Report  p2  lists the top 100 Global Brands and in the top 10 are Apple as No. 1, then 3 is Microsoft, 4 IBM, 5 Visa, 7 Verizon 8 Coke & 9 is McDonald's followed by GE, Disney, American Express, Walmart, Nike, Home Depot, Exxon, Cisco and JPMorgan.

Tuesday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
AXP	$80.19	1.06	▼ 1.3%	5,244,087	NYSE
AAPL	$129.62	2.92	▼ 2.2%	70,567,585	NASDAQ-GS
BA	$142.8	2.01	▼ 1.39%	3,458,455	NYSE
CAT	$87.84	0.79	▼ 0.89%	3,139,255	NYSE
CVX	$103.29	1.60	▼ 1.53%	7,999,745	NYSE
CSCO	$28.95	0.31	▼ 1.06%	25,773,239	NASDAQ-GS
KO	$40.99	0.22	▼ 0.53%	15,133,831	NYSE
DIS	$109.44	0.82	▼ 0.74%	5,958,597	NYSE
DD	$70.75	0.04	▼ 0.06%	4,121,151	NYSE
XOM	$85.35	1.17	▼ 1.35%	11,264,139	NYSE
GE	$27.52	0.16	▼ 0.58%	47,349,751	NYSE
GS	$206.38	1.42	▼ 0.68%	3,320,316	NYSE
HD	$110.93	1.23	▼ 1.1%	4,609,606	NYSE
INTC	$33.105	0.345	▼ 1.03%	28,513,878	NASDAQ-GS
IBM	$170.13	2.09	▼ 1.21%	3,830,987	NYSE
JPM	$65.73	0.74	▼ 1.11%	15,560,399	NYSE
JNJ	$100.82	0.53	▼ 0.52%	7,911,541	NYSE
MCD	$98.46	0.53	▼ 0.54%	7,110,394	NYSE
MRK	$58.97	0.41	▼ 0.69%	10,832,465	NYSE
MSFT	$46.59	0.31	▼ 0.66%	29,556,432	NASDAQ-GS
NKE	$103.42	1.01	▼ 0.97%	2,834,537	NYSE
PFE	$34.11	0.17	▼ 0.5%	18,824,029	NYSE
PG	$79.14	0.81	▼ 1.01%	6,647,265	NYSE
MMM	$159.59	1.39	▼ 0.86%	2,465,904	NYSE
TRV	$101.6	1.13	▼ 1.1%	1,539,694	NYSE
UTX	$116.87	1.75	▼ 1.48%	3,418,201	NYSE
UNH	$118.24	1.35	▼ 1.13%	3,006,699	NYSE
VZ	$49.42	0.19	▼ 0.38%	17,398,656	DualListed
V	$68.54	1.08	▼ 1.55%	6,202,204	NYSE
WMT	$74.9	0.96	▼ 1.27%	10,561,672	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) to be replaced 7/26 by Chuck Robbins

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