Monday, July 27, 2015

7/27/15 Mon. pm Dow Closes at 17440.59 down 127.94 or 0.73%

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

Post No. 3,262 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 Monday at  17440.59 down 127.94 or 0.73% from Friday's close of 17563.53. Of the 30   Dow components  4   gained  and 26   declined.  The  biggest gainer dollar-wise was Travelers up 32 cents and percentage-wise was Intel up 1.03%.  The  biggest decliner dollar-wise    and percentage-wise was Boeing down $3.03 or 2.1%.

As of the open of  the market on Monday the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's  Wall St. Journal is 0.14967727343149.  Monday's trailing P/E   ratio is 16.33 down from Friday's   trailing P/E ratio of  16.48 (last year it was 16.45).  Monday's P/E estimate is 15.91 down from Friday's P/E estimate of 16.15 (year ago it was 15.13) and  Monday's dividend yield is  2.41 up from Friday's dividend yield of  2.39 (last year it was 2.15). 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.

Monday's closing Dow Jones Industrial Average numerator is 2610.46 down 19.15 from Friday's closing average numerator of 2629.61.   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 (0.14967727343149) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $5.08  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Monday's Dow Jones Industrial Average was $87.02 down 63 cents  from Friday's closing average of $87.65.  The median closing price of  Monday's Dow Jones Industrial Average was $79.61 (PG/XOM) down 49 cents  from  Friday's median closing price of $80.10 (PG/XOM).  The lowest volume was Travelers and the highest volume was Apple.

If  Monday   morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost $1,915  ($262,961 -  $261,046).

7/27/15 Mon. 4:45 pm MarketWatch by  Anora Mahmudova & Victor Reklaitis says the global equity selloff sparked by a Chinese stock-market rout spread to Wall Street on Monday, propelling U.S. stock indexes to their fifth consecutive session of losses. Disappointing earnings over the past week and lackluster economic data has put pressure on the main equities, prompting investors to sell risky assets such as stocks and commodities while piling into havens such as Treasurys and gold.
The Nasdaq Composite COMP, -0.96% was hit the hardest, falling 48.85 points, or 1%, to 5,039.78. The tech-heavy index is now 3.4% below its all-time high reached a weak ago.The Dow Jones Industrial Average DJIA, -0.73%  fell 127.94 points, or 0.7%, to 17,440.59, with 25 of its 30 members finishing lower.The S&P 500 SPX, -0.58%  dropped 12 points, or 0.6%, lower at 2,067.64, with nine of its 10 main sectors finishing lower. Energy and materials stocks led the losses, while utilities were the lone bright spot, finishing 1.3% higher. A dramatic slide overnight in the Shanghai Composite SHCOMP, -8.48% which closed 8.5% lower for its biggest one-day slide since February 2007, was the main reason for the market’s drop. China watchers note the rout in Shanghai has prompted Beijing to try to reassure investors again.European stocks SXXP, -2.21%  also sold off, with the main benchmark, the Stoxx Europe 600, dropping 2.2%.Market reaction to better-than-expected durable-goods orders also was negative, as investors continued to view each data-point as a factor in the Federal Reserve’s decision about the timing and pace of interest rate hikes. What strategists are saying: Brian Fenske, head of sales trading at ITG, said a plunge of that size in any market will erode investor confidence, referring to China.“When any index falls 8.5%, it means there are many individual stocks that are down 20%-30%. And this morning, investors are concerned that a drop in China’s stock market may spill over to consumer confidence there,” Fenske said.Apart from macro headlines, investors were worried about technical levels on the main indexes, as the S&P 500 closed within a few points of a key technical level of 200-day moving average at 2,064. The Russell 2000 RUT, -0.93% closed just at the 200-day moving average on Monday, after falling 0.9 to 1,214.71.Albert Brenner, director of asset allocation strategy at People’s United Wealth Management, noted that when valuations are high, stocks are sensitive to news and events, regardless of whether they are relevant to fundamentals or not. “While the 8.5% drop in China’s stock market does not have too much importance to companies earnings, it was not expected, therefore investors reacted. But more importantly, it’s the changes in the commodity market that are driving recent weakness in markets,” Brenner said.Economic reports: June durable-goods orders rose 3.4%, exceeding analysts’ expectations. However, business investments and shipments remained soft. Investors this week are waiting for clues on the timing of a rate rise from the closely watched Federal Reserve meeting on Tuesday and Wednesday. Movers & Shakers: Mylan NV MYL, -14.51%  shares tumbled 14.5% action after Teva Pharmaceuticals Industries Ltd. TEVA, +16.41%  said it has withdrawn its buyout offer for the maker of generic drugs. Teva announced Monday that it is instead planning to buy Allergan PLC’s AGN, +6.09%  generics business for $40.5 billion. Teva shares soared 16%.Other markets: U.S. Treasurys rallied, sending the yields on the 10-year note down 4 basis points to 2.22%. Yields move inversely to prices.Gold futures GCQ5, +0.74% gained ground, rising 1% to settle at $1,096.40 an ounce, benefiting from haven demand as stocks mostly retreated world-wide. Crude prices CLU5, -2.41%  fell 1.6% to settle at $47.39 a barrel and the dollar DXY, -0.74%  was lower against its major rivals.

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
******************
The following are excerpts from Monday morning's Blog:

A  read of the print editions of  Monday's Barron's, Investor's Business Daily, Wall Street Journal,   Financial Times, 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 Friday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at  17563.53 down 163.39 or 0.92% from Thursday's close of 17851.04.  For the year the Dow is down 1.43%. Of the 30   Dow components   3  gained  and  27  declined.  The  biggest gainer dollar-wise and percentage-wise was Visa up $3.05 or 4.25%.  The  biggest decliner dollar-wise   was Goldman Sachs up $3.70 and percentage-wise was DuPont down 2.63%.

IBD pB8 "Stocks drop as uptrend comes under pressure" by Paul Whitfield says stocks staggered lower Fri as the indexes notched a 4th straight down day.  Friday's action was down in mixed trade while the current outlook is uptrend under pressure.

Friday's closing Dow Jones Industrial Average numerator is 2629.61 down 24.45 from Thursday's closing average numerator of 2654.06.   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 (0.14967727343149) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $5.08  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Friday's Dow Jones Industrial Average was $87.65 down 82 cents  from Thursday's closing average of $88.47.  The median closing price of  Friday's Dow Jones Industrial Average was $80.10 (PG/XOM) down 82 cents  from  Thursday's median closing price of $80.92 (PG/XOM).  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 $2,445  ($265,406 - $262,961).

7/24/15 Fri. 4:40 pm MarketWatch by  Anora Mahmudova & Sara Sjolin says U.S. stocks fell for the fourth straight session on Friday, leaving indexes with the biggest weekly losses in months. Investors sold stocks of materials, energy and industrials companies after a dramatic slide in oil and gold prices as well as disappointing earnings results from companies such as Caterpillar and Freeport McMoran Inc. Amazon.com shares soared 10% after surprise profit growth, but gains were not enough to stem selling pressure on main indexes. The S&P 500 closed 22.50 points, or 1.1%, lower at 2,079.65, booking a 2.2% weekly loss. The weekly decline for the benchmark is the steepest since March. The Nasdaq Composite dropped 57.78 points, or 1.1%, to 5,088.63, ending the week with a 2.3% weekly loss. The tech-heavy index retreated from its record closing level set on Monday. The Dow Jones Industrial Average dropped 163.39 points, or 0.9%, to 17,568.53, recording a 2.9% weekly loss.

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

American Express:  No mentions found.

Apple:  Barron's pM14 "Research Reports" edited by Paul Farrell says Morgan Stanley issued an "overweight" report on Apple on July 21 when it was trading at $130.75 saying Apple is still atrractive following the reset of expecations, with th eiPHone remaining the major eps driver in the medium term.  Morgan lowered fiscal '16 eps slightly from $10.66 to $10.29 and cut price target from $166 to $155.

IBD pB2 "Apple outlook raises red flag" says Apple was mum on the number of Aple Watches sold in 3Q and its iPhone sales of 47.53 mil units missed estimates.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:   Barron's p13 "Preview" says on Wednesday 7/29/15 Microsoft launches Windows 10, on Thursday 7/30 Procter & Gamble reports results and on Friday 7/31 ExxonMobil and Chevron post results.

Cisco: Barron's p14 "Cisco's new chief will speed the rate of change" by Jack Hough, Barron's p25 "Amzaon dazzles in the brave new world of the cloud" by Tiernan Ray say Verizon's hosting business and other telcos are poised to displace the data centers companies traditionally built internally as private IT shows.  Amazon's and Microsoft's amazing growth in the cloud will hurt the traditional IT vendors such as IBM and even Cisco which has a plan to stay nimble in a cloud era.

Coke:  No mentions found.

Disney: 

DuPont:  No mentions found.

Exxon:   Barron's p13 "Preview" says on Wednesday 7/29/15 Microsoft launches Windows 10, on Thursday 7/30 Procter & Gamble reports results and on Friday 7/31 ExxonMobil and Chevron post results.

GE:  No mentions found.

Goldman Sachs:  No mentions found.

Home Depot:  IBD pB15 "Top 5 stocks for steady earnings" by Nancy Gondo says Home Depot has a 2.1% yield and has grown annual profit at least 22% the past 5 years although its slowing a bit to 14% this year.

Intel:  No mentions found.

IBM:  Barron's p25 "Amzaon dazzles in the brave new world of the cloud" by Tiernan Ray say Verizon's hosting business and other telcos are poised to displace the data centers companies traditionally built internally as private IT shows.  Amazon's and Microsoft's amazing growth in the cloud will hurt the traditional IT vendors such as IBM and even Cisco which has a plan to stay nimble in a cloud era.

JPMorgan:  No mentions found.

Johnson & Johnson:  No mentions found.

McDonald's:  No mentions found.

Merck:  No mentions found.

Microsoft:  Barron's p13 "Preview" says on Wednesday 7/29/15 Microsoft launches Windows 10, on Thursday 7/30 Procter & Gamble reports results and on Friday 7/31 ExxonMobil and Chevron post results.

Barron's p16 "New, improved Microsoft" by Jack Hough says Microsoft's transformation to a cloud based firm cold lift the shares 50% in 3 years.

Barron's p25 "Amzaon dazzles in the brave new world of the cloud" by Tiernan Ray say Verizon's hosting business and other telcos are poised to displace the data centers companies traditionally built internally as private IT shows.  Amazon's and Microsoft's amazing growth in the cloud will hurt the traditional IT vendors such as IBM and even Cisco which has a plan to stay nimble in a cloud era.

Nike:  No mentions found.

Pfizer:

Procter & Gamble:   Barron's p13 "Preview" says on Wednesday 7/29/15 Microsoft launches Windows 10, on Thursday 7/30 Procter & Gamble reports results and on Friday 7/31 ExxonMobil and Chevron post results.

Barron's p13 "Taking aim at Tide" by Emily Bary says in the US German Persil ProClean is sold only at Walmart but it has taken 3% market share from Tide.

Barron's p30 "A global contrarian ses value all around her" by Reshma Kapadia says Rupal Bhansali, Portfolio Manager, Ariel Investments saysP&G is the quintessential safe consumer staple.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  IBD pA2 "Sikorsky probed over Navy bills", Sat. AJC pA9 "United Technologies says probe underway" say Justice Dept. is investigating Sikorsky Aircraft for allegedly overbilling the Navy,  Lockheed agreed to buy Sikorsky for $9 bil.  The gov is seeking $148 mil related to the claim.

Barron's pM3 "Indexes take a beating as earnings disappoint" by Vito J. Racanelli says poor 2Q results from United Technologies caused a 10% drop in its shares last week.  United Technologies' share drop makes it look cheap.

Verizon: Barron's p25 "Amzaon dazzles in the brave new world of the cloud" by Tiernan Ray sayVerizon's hosting business and other telcos are poised to displace the data centers companies traditionally built internally as private IT shows.  Amazon's and Microsoft's amazing growth in the cloud will hurt the traditional IT vendors such as IBM and even Cisco which has a plan to stay nimble in a cloud era.

Visa:  IBD pB2 "Visa beats with eye on Europe" says Visa's 3Q eps climbed 37% to 74 cents on rev of $3.52 bil.

Walmart: Barron's p13 "Taking aim at Tide" by Emily Bary says in the US German Persil ProClean is sold only at Walmart but it has taken 3% market share from Tide.

Friday'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:

Apple: Tim Cook (Cupertino, CA)

American Express AXP Kenneth I. Chenault (NY, NY)

Boeing BA W. James McNerney, Jr. (Chicago, Ill) (to be replaced 7/1/15 by Dennis A. Muilenburg)

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 6/9/15  ranked in order of market capitalization in billions:

1. Apple AAPL $734.07
2. Microsoft MSFT 370.36
3. Exxon Mobil XOM 353.64
4. GE 275.37
5. Johnson & Johnson JNJ 272.34
6. JPMorgan Chase JPM 249.28
7. Wal-Mart WMT 233.75
8. Procter & Gamble PG 214.06   
9. Pfizer PFE 209.42
10.  Verizon VZ 193.08
11.  Chevron CVX 188.84
12. Disney 184.13
13. Coke KO 175.22
14. Visa V 166.27
15. Merck MRK 166.24
16. IBM 163.15
17.  Intel INTC 148.25
18. Cisco CSCO 143.63
19. Home Depot HD 142.28 
20. UnitedHealth UNH 111.36
21.  United Technologies UTX 103.53
22. 3M MMM 99.58 
23. Boeing BA 96.88 
24.  Goldman Sachs GS 94.25
25. McDonald' s MCD 90.8   
26. Nike NKE 87.14
27. American Express AXP 80.42
28. DuPont DD 62.65
29. Caterpillar CAT 52.35
30. Travelers TRV 31.17
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 6/9/15  for the prior 90 day period:

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

American Express AXP:
5/29/15 8K re: death of Pres. Edward P. Gilligan
5/15/15 8K re: delinq. & write-off stats for 3 mos. thru 4/30/15
5/11/15 8K re: Voting results of annual mtg of shareholders
4/29/15 10Q & 4/16/15 8K re: 1Q results
4/15/15 8K re: delinq. & write-off states for 3 months thru 3/31/15
3/30/15 14A Proxy material

Apple AAPL:
5/13/15 8K re: issuance of notes
4/28/15 10Q & 4/27/15 8K re: 2Q ended 3/28/15
4/27/15 8K re: share buyback & div. of 52 cents per share payable 5/14 to record shareholders on 5/11
3/13/15 8K re: amdmt. to employee stock purchase plan

Boeing BA:
4/29/15 8K re: amendment of bylaws to decrease Board from 11 to 10 & voting results of 4/27 Annual Shareholders Meeting
4/22/15 10Q & 4/2215 8K re: 1Q results ended 3/31/15
3/13/15 14A Def. Proxy re: Annual Shareholders Mtg on 4/27/15 at 9 am at Field Museum, Chicago

Caterpillar CAT:
6/1/15; 5/28/15; & 5/22/15 Proxy material
5/20/15 8K re: April retail stats
5/1/15 10Q & 4/23/15 8K re: 1Q ended 3/31/15
4/22//15 8K re: March retail stats
3/19/15 8K re: sales thru 2/15

Chevron CVX:
6/2/15 8K re: voting results of annual stockholder meeting on 5/27
5/11/15 & 4/9/15 Proxy material
5/7/15 10Q & 5/1/15 8K re: 1Q results ended 3/31/15
3/31/15 8K re: retirement of Vice-Chair & EVP George Kirkland

Cisco CSCO:
6/1/15 8K re: termination of execs Robert w. Lloyd, Pres. Dev. & sales & Gary B. Moore, Pres/COO
5/20/15 10Q & 5/13/15 8K re: 3Q results ended 4/25/15
5/4/15 8K re: election of Charles H. Robbins CEO eff 7/26/15
3/24/15 8K re: pre-arranged stock trading plan for GC
3/19/15 8K re: exec pre-arranged stock trading plan

Coke KO:
4/30/15 10Q & 4/22/15 8K re: !Q ended 4/3/15
4/29/15 8K re: voting results of 4/29/15 Meeting of Shareholders

Disney DIS:
6/2/15 8K re: resignation of CFO James A. Rasulo
5/15/15 10Q & 5/5/15 8K re: 2Q results ended 3/28/15
3/13/15 8K re: voting results of 3/12 Annual Shareholders Mtg

DuPont DD:
6/9/15 8K/A & 6/2/15 8K/A re: voting results of 5/13/15 Annual Meeting of Stockholders
6/1/15 8K re: change of reg. agent in Delaware
5/19/15 8K & 5/13/15 8K & 5/12/15 8K & 4/23/15 8K re: sale of notes by subsidiary, Chemours & spin-off of Chemours to shareholders.
April & March, 2015 numerous Proxy materials re: Trian's proposal to add Directors
4/21/15 10Q & 4/21/15 8K re: 1Q results ended 3/31/15 & dividend of 49 cents payable 6/12 to record holders of 5/15

ExxonMobil XOM:
6/1/15 8K re: results of voting of 5/27/15 Annual Shareholders Meeting
5/14/15; 4/21/15; & 4/14/15 Proxy materials
5/6/15 10Q & 4/30/15 8K re: 1Q results ended 3/31/15
3/23/15 8K re: fin'l & operation reviews
3/10/15 8K re: 3/4/15 analyst meeting

GE:
5/28/15 8K & 5/27/15 8K re: issuance of notes
5/15/15 10Q & 4/17/15 8K re: 1Q ended 3/31/15
4/27/15 8K re: results of voting of 4/22/15 Annual Mtg of Shareholders
4/10/15 8K re: sale of GECC over 24 months to end status of being a SIFI or systemically important fin'l institution

Goldman Sachs GS:
5/22/15 8K re: issuance of notes
5/22/15 8K re: amendmt to stock incentive plan
5/12/15 re: issuance of notes
5/5/15 10Q & 4/16/15 8K re: 1Q ended 3/31/15
4/24/15 & 4/23/15 8K's re: issuance of notes
4/10/15 Proxy
3/31/15 & 3/30/15 8Ks re: issuance of notes
3/11/15 8K re: revised '15 Capital Plan
3/9/15 8K re: retirement from Board of Claes Dahlback

Home Depot HD:
6/2/15 8K re: issuance of notes
5/27/15 10Q & 5/19/15 8K re: 1Q ended 5/3/15
5/26/15 8K re: voting results from 5/21 Shareholders Mtg
4/16/15 Proxy
3/26/15 10K FY ended 2/1/15

Intel INTC:
6/5/15 & 4/6/15 8Ks re: change of organizational structure & change of reporting fin'l info
6/1/15 8K re: purchase of Altera Corp
5/27/15 8K re: voting results of 5/21 Stockholder Mtg
5/14/15 8K re: FD disclosures re: Annual Mtg
4/2/15 Proxy
3/12/15 8K re: 1Qtr guidance

IBM:
5/1/15 8K re: voting results of 4/28 Stockholder Mtg
4/28/15 10Q & 4/21/15 & 4/20/15 8Ks re: 1Q ended 3/31/15
4/3/15 Proxy
3/31/15 8K re: integration of Global Process Services
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

JPMorgan Chase JPM:
6/4/15 8K re: issuance of preferred stock
5/22/15 8K re: results of voting of 5/19 shareholder mtg
5/20/15 & 5/14/15 8Ks re: settlement with U.S. Dept of Justice  & Fed. Res. re: foreign exchange charges and guilty plea to violation of fed antitrust law & payment of $550 mil fine
5/6/15 & 4/3/15 8Ks re: redemption of Bear Stearns notes
5/5/15 10Q & 4/14/15 8Ks re: 1Q ended 3/31
4/28/15 & 4/28 Proxy
4/1/15 8K re: reduction of warrant exercise price for common stock
3/24/15 8K re: issuance of notes
3/20/15 8K & 3/6/15 8K re: redemption of Bear Stearn Notes

Johnson & Johnson JNJ:
6/9/15 8K re: election of Dr. Mary Beckerle, CEO of Hunstsman Cancer Inst. to Board
5/21/15 8K re: retirement of Controller Stephen J. Cosgrove and replaced by Ronald a. Kapusta
5/1/15 10Q & 4/14/15 8K re: 1Q ended 3/29/15
4/24/15 8K re: increase of dividend to 75 cents payable 6/9 to 5/26 record holders
4/8/15 Proxy
4/3/15 8K re: divestiture by subsidiary Janssen of tapentadol to Depomed for $1.05 bil
3/11/15 Def. 14A Proxy for Annual shareholder Mtg a 10:30 am on 4/23/15 at State Theatre, New Brunswick, NJ

McDonald's MCD:
6/8/15 8K re: May sales
5/27/15 8K re: voting results from 5/21/15 Shareholder meeting
5/26/15 8K re: issuance of notes
5/11/15 8K re: April sales
5/11/15 Proxy
5/7/15 10Q & 4/22/15 8K re: 1Q ended 3/31/15
5/4/15 8K re: restructuring and turn around plans
4/10/15 Proxy 3/27/15 8KA re: election of Stephen Easterbrook as Chair of Exec Com & CEO
3/20/15 8K re: stock award to execs
3/9/15 8K re: Feb. global sales

Merck MRK:
5/28/15 & 5/26/15 8Ks re: voting results of 5/26/15 shareholder mtg
5/7/15 10Q & 4/28/15 8K re: 1Q ended 3/31/15
4/13/15 Proxy

Microsoft MSFT:
4/23/15 8K & 10Q re: 3Q ended 3/31/15

Nike NKE:
4/7/15 10Q & 3/24/15 8K re: 3Q ended 2/28/15
3/19/15 8K for Qtr ended 2/28/15

Pfizer PFE:
5/14/15 8K re: resignation of director Marc Tessier-Lavigne
5/7/15 10Q & 4/28/15 8K re: 1Q ended 3/29
4/28/15 8K re: resulting of voting from 4/23 shareholders meeting
4/8/15 Proxy
3/12/15 Def. 14A Proxy re: 4/23/15 Annual Shareholder Mtg at Short Hills, NJ

Procter & Gamble PG:
5/7/15 8K re: issuance of notes
4/23/15 10Q & 4/23/15 8Ks re: 3Q ended 3/31/15
4/17/15 8K re: declaration of dividend on common & pref. shares

3M MMM:
5/18/15 8K re: issuance of notes
5/13/15 8K re: results of voting from 5/12 stockholder meeting
4/30/15 10Q & 4/23/15 8K re: 1Q ended 3/31
3/27/15 & 3/25/15 Proxy
3/23/15 8K re: purchase of Polypore's separations media business for $1 bil

Travelers TRV:
5/22/15 8K re: voting results of 5/20/15 shareholders meeting
4/21/15 10Q && 4/21/15 8K re: 1Q results ended 3/31/15
4/3/15 Proxy

United Technologies UTX:
5/22/15 8K re: issuance of notes
5/4/15 8K re: remarketing of notes
4/27/15 8K re: voting results of 4/27 shareholder meeting
4/2/15 10Q & 3/31, 4/24 & 4/21 8Ks re: 1Q ended 3/31/15
4/14/15 8K re: issuance of equity unites
4/8/15 8K re: US dept. of Justice charges that Pratt & Whitney overcharged US air Force between '85 & '90 & status of $64 mil judgment
4/2/15 8K re: election of Robert Leduc, Pres. of Sikorsky succeeding Mick Maurer
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

UnitedHealth Group UNH:
6/5/15 8K re: amendment to stock incentive plan
5/26/15 FD disclosure re: NYC 5/28 Bernstein's Conference
5/6/15 10Q & 4/16/15 8K re: 1Q ended 3/31/15
3/30/15; 4/6/15 & 4/22/15 Proxy material
3/30/15 8K re: purchase of Yukon Territory Catamaran Corp.

Verizon Communications Inc. VZ:
6/8/15 8K re: amendment of bylaws re: annual mtg of stockholders
5/13/15 8K re: retirement of Randal s. Milch, VP
5/12/15 8K re: Verizon to buy AOL for $4.4 bil
4/28/15 10Q  & 4/21/15 8K re: 1Q ended 3/31/15
4/24/15 & 3/23/15 Proxy
3/12/15 8K & 2/26/15 8K & 2/25/15 8K 2/12/15 8K re: results of exchange offer

Visa V:
4/30/15 10Q & 4/30/15 8K re: 2Q ended 3/31
4/23/15 8K re: 12 cents a share dividend payable 6/2 to record holders of 5/15
4/14/15 8K re: resignation of Antonio Lucio, EVP and Chief Brand Officer

WalMart WMT:
6/8/15 8K re: voting results of 6/5 shareholder meeting
6/5/15 10Q & 5/19 8K re: 1Q ended 4/30/15
4/22/15 Proxy
4/1/15 10K for FY ended 1/31/15

The End

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