Tuesday, July 7, 2015

7/7/15 Tues. am Boeing 2Q Deliveries Rise 9%

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

Post No. 3,240 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  Tuesday's Wall St. Journal,  Investor's Business Daily, 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 Monday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at  17683.58 down 46.53 or 0.26%  from Thursday's close of 17730.11. For the year the Dow is down 0.78%. Of the 30   Dow components 6  gained and 24   declined.  The  biggest gainer dollar-wise was Disney up 73 cents and percentage-wise was Walmart up 0.93%.  The  biggest decliner dollar-wise was Caterpillar down $1.23 and percentage-wise was GE down 1.76%.

As of the open of  the market on Tuesday the current divisor for the Dow Jones Industrial Average found at page C5 of  Tuesday's  Wall St. Journal is 0.14985889030177.  Tuesday's trailing P/E   ratio is 16.12 down from Monday's   trailing P/E ratio of  16.16 (last year it was 16.65).  Tuesday's P/E estimate is 15.84 unchanged from Monday's P/E estimate of 15.84 (year ago it was 15.26) and  Tuesday's dividend yield is  2.52 unchanged from Monday's dividend yield of  2.52 (last year it was 2.14). 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 2650.04 down 6.97  from Thursday's closing average numerator of 2657.01.   This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.14985889030177) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.67  change in the Dow Index.

The average closing price (the closing numerator divided by 30) of  Monday's Dow Jones Industrial Average was $88.33 down 24 cents  from Thursday's closing average of $88.57.  The median closing price of  Monday's Dow Jones Industrial Average was $82.79 (XOM/CAT) down 97 cents  from Thursday's median closing price of $83.76 (XOM/CAT).  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 $697  ($265,701 - $265,004).

7/6/15 Mon. 4:33 pm MarketWatch by  Anora Mahmudova and Sara Sjolin Mozee says
U.S. stocks ended Monday’s choppy session slightly lower as global equities came under pressure after Greece on Sunday rejected its international lenders’ bailout terms and moved closer to a potential exit from the eurozone. The main indexes fell sharply at the open, but trimmed losses during the day to end modestly lower.The S&P 500 SPX, -0.39%  closed down 7.98 points, or 0.4% to 2,068.79, with nine of its 10 main sectors finishing lower. Energy sector stocks sold off after an 8% plunge in oil prices. The Dow Jones Industrial Average DJIA, -0.26% 46.13 points, or 0.3%, to 17,683.98, with 24 of its 30 components closing lower. The Nasdaq Composite COMP, -0.34%  ended the day down 17.27 points, or 0.3%, at 4,991.97.The declines tracked losses on the European stock markets, where the Stoxx Europe 600 index SXXP, -1.24%  fell 1.2% to 378.68 and Germany’s DAX 30 index DAX, -1.52%  tumbled 1.5% to 10,890. Asian shares also mostly slumped. JJ Kinahan, chief strategist at TD Ameritrade, noted that the Greece story is far from over.“I believe people are realizing that it’s in everybody’s best interest to keep Greece in the eurozone. But the referendum forces financial discipline on someone,” Kinahan said.“We expect volatility to stay higher than usual, however, as there are still lots of uncertainties besides Greece, namely Puerto Rico’s debt problems and earnings for the second quarter,” he added.Greece’s rejection of austerity: The global selloff came after more than 61% of Greeks voted “no” in Sunday’s referendum on austerity measures put forward by the International Monetary Fund and the eurozone as terms for further bailout aid. The Alexis Tsipras-led government will now try to renegotiate a new bailout package with the lenders, but economists fear the lenders are unwilling to accept looser reforms, raising concerns that Greece will exit the euro.“The outcome of the Greek referendum has significantly increased the risk of Greece leaving the eurozone, which is now by far the most likely outcome,” said Erik Nielsen, global chief economist at UniCredit, in a note. “The process may start within days or weeks, but it won’t be a smooth ride into a new currency. It’ll be chaos with political ramifications.”Christine Lagarde, the International Monetary Fund chief, said the agency stands ready to assist Greece. The IMF is one of Greece’s three creditors, and the country missed a payment to it at the end of last month.The euro EURUSD, +0.0181%  was hit hard by the developments in Greece, changing hands at $1.1055, down from $1.1115 late Friday in New York. The shared currency traded as low as $1.0952 earlier Monday, according to FactSet. Greece’s stock market and the Athex Composite GD, +2.03% remained closed after being shut last week. The country’s banks also stayed closed. The Global X FTSE Greece 20 ETF GREK, -7.47%  traded, however, and tumbled 7.5%.Company news: Shares of Aetna Inc. AET, -6.44%  skidded 6.4% after the health insurer on Friday said it would buy Humana Inc. HUM, +0.78%  for $37 billion, after weeks of merger talks. Humana shares rose 0.7%. Oil companies were among hardest hit. National Oilwell Vacro Inc NOV, -4.98%   fell 5%, Transocean Ltd RIG, -4.30%  fell 4.3%.Other markets: Crude oil CLQ5, -7.47% plunged 7.7% to settle at $52.53 a barrel, its lowest level in nearly three months. Gold futures GCQ5, +0.50%  marked first gain in four session, up 0.8% to $1.173.20 an ounce. Treasuries rallied, sending the yield on the 10-year note TMUBMUSD10Y, -4.04%  down 11 basis points to 2.28%, the lowest levels since June 19.The dollar traded slightly higher against other major currencies, with the ICE dollar index DXY, -0.14% up 0.1% at 96.22.

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

American Express:

Apple:

Boeing:  IBD pA2 "Boeing Q2 deliveries rise 9%" says Boeing delivered 128 737s in 2Q, up from 124 a year ago and 34 787s vs. 30 a year ago.

Caterpillar:

Chevron:

Cisco:

Coke:

Disney:

DuPont:

Exxon:

GE:

Goldman Sachs:

Home Depot:

Intel:

IBM:

JPMorgan:

Johnson & Johnson:

McDonald's:

Merck:

Microsoft:

Nike:

Pfizer:

Procter & Gamble:

3M:

Travelers:

United Technologies:

UnitedHealth:

Verizon:

Visa:

Walmart:

Monday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AXP▼ NYSE
AAPL▼ NASDAQ-GS
BA▲ NYSE
CAT▼ NYSE
CVX▼ NYSE
CSCO▼ NASDAQ-GS
KO▼ NYSE
DIS▲ NYSE
DD▲ NYSE
XOM▼ NYSE
GE▼ NYSE
GS▼ NYSE
HD▼ NYSE
INTC▼ NASDAQ-GS
IBM▼ NYSE
JPM▼ NYSE
JNJ▼ NYSE
MCD▼ NYSE
MRK▼ NYSE
MSFT▼ NASDAQ-GS
NKE▼ NYSE
PFE▼ NYSE
PG▲ NYSE
MMM▼ NYSE
TRV▼ NYSE
UTX▼ NYSE
UNH▲ NYSE
VZ▼ DualListed
V▼ NYSE
WMT▲ NYSE
************
 Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)

Apple: Tim Cook (Cupertino, CA)

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

Boeing BA W. James McNerney, Jr. (Chicago, Ill) (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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