by Dan Kolber
Post No. 2,751 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 17086.63 down 26.91 or 0.16% from Tuesday's close of 17113.54. Of the Dow components 10 gained and 20 declined. The biggest gainer dollar-wise was Chevron up $1.30 and percentage-wise was Goldman Sachs up 1.03%. The biggest decliner dollar-wise and percentage-wise was Boeing down $3.03 or 2.34%.
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 0.15571590501117. Wednesday's trailing P/E ratio is 16.51 up from Tues trailing P/E ratio of 16.48 (last year it was 16.60). Wednesday's P/E estimate is 15.08 unchanged from Tuesday's P/E estimate of 15.08 (year ago it was 13.55) and Wednesday's dividend yield is 2.15 down from Tuesday's dividend yield of 2.16 (last year it was 2.36). The Dow's all-time high was 17113.54 on July 2, 2014. 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 2660.66 down 4.19 from Tuesday's numerator of 2664.85. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $88.69 down 14 cents from Tuesday's average closing price of $88.83. The median closing price of Wednesday's Dow Jones Industrial Average was $83.49 (HD/UNH) up 19 cents from Tuesday's median closing price of $83.30 (HD/UNH). The lowest volume was 3M and the highest volume was Microsoft.
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 lost $419 ($266,485 - $266,066).
7/23/14 Wednesday 4:08 pm MarketWatch by Anora Mahumudova & Barbara Kollmeyer says
Gains in health care and technology sector stocks on the back of impressive profits from Biogen Idec Inc. and Apple Inc. pushed the S&P 500 to close at a record on Wednesday.
The S&P 500 /quotes/zigman/3870025/realtime SPX +0.18% closed 3.48 points, or 0.2%, higher at 1,987.01, closing at a record level for the 26th time this year. The Dow Jones Industrial Average DJIA -0.16% was weighed down by Boeing Inc. and closed 26.91 points, or 0.2%, lower at 17,086.63. The Nasdaq Composite COMP +0.40% ended the session up 17.68 points, or 0.4%, to 4,473.70, with biotechnology companies leading the gains.
Kim Caughey Forrest, investment strategist at Fort Pitt Capital said that geopolitical issues in the Middle East and Ukraine, may not affect businesses in the short-term, but in the long-term, “we will be affected if American companies cannot move freely in the world.”
“At this point, overall earnings growth has already been priced in. Wall Street’s full-year earnings estimates are too optimistic and eventually will come down,” Forrest added.
The data calendar was empty for Wednesday, leaving investors to fix their attention on corporate earnings.
Biogen Idec Inc. BIIB +11.17% jumped 11% after the biotechnology company’s latest earnings results impressed investors all around, beating estimates on sales, profits, and guidance for the full fiscal year.
Boeing BA -2.34% fell 2.3% even as the plane manufacturer lifted its core earnings-per-share outlook for 2014.
PepsiCoPEP +1.85% rallied 2% after the company’s second-quarter profit beat estimates and it lifted earnings guidance.
Delta Air Lines Inc. shares DAL +3.90% climbed 3.7% after the company’s second-quarter profit jumped 17%, driven by higher passenger and operating revenue.
Investors also reacted to big tech earnings that came late Tuesday. Apple AAPL -0.22% shares rose 2.6% after earnings that topped expectations. Also read: 5 reasons why Apple shares could rise another 16% this year.
After the close, Facebook IncFB +3.98% reported second-quarter earnings that topped estimates as revenue surged 61%. Shared rallied 3% in after-hours trading.
Among other markets, the Stoxx Europe 600 index XX:SXXP +0.12% edged up 0.1% Wednesday, while Asia XX:ADOW +0.51% also logged a mostly-higher finish.
Crude oil prices CLU4 +0.64% rose ahead of key supply data, while gold prices GCQ4 -0.05% were flat. The dollar rose against the British pound GBPUSD -0.13% GBPUSD -0.13% after minutes from the Bank of England’s July meeting showed all members voted to keep monetary policy loose.
Wednesday's Closing Dow Numbers:
*****************
The following are excerpts from Wed. morning's Blog:
Gains in health care and technology sector stocks on the back of impressive profits from Biogen Idec Inc. and Apple Inc. pushed the S&P 500 to close at a record on Wednesday.
The S&P 500 /quotes/zigman/3870025/realtime SPX +0.18% closed 3.48 points, or 0.2%, higher at 1,987.01, closing at a record level for the 26th time this year. The Dow Jones Industrial Average DJIA -0.16% was weighed down by Boeing Inc. and closed 26.91 points, or 0.2%, lower at 17,086.63. The Nasdaq Composite COMP +0.40% ended the session up 17.68 points, or 0.4%, to 4,473.70, with biotechnology companies leading the gains.
Apple Inc. reported its second straight quarter of double-digit percentage growth in iPhone sales as it heads into a major refresh of the company's flagship product.
Investors seemed to have brushed off news that two Ukrainian fighter jets were shot down Wednesday near where Malaysia Airlines Flight MH17 was downed as well as continued ground attacks on Gaza. Kim Caughey Forrest, investment strategist at Fort Pitt Capital said that geopolitical issues in the Middle East and Ukraine, may not affect businesses in the short-term, but in the long-term, “we will be affected if American companies cannot move freely in the world.”
“At this point, overall earnings growth has already been priced in. Wall Street’s full-year earnings estimates are too optimistic and eventually will come down,” Forrest added.
The data calendar was empty for Wednesday, leaving investors to fix their attention on corporate earnings.
Biogen Idec Inc. BIIB +11.17% jumped 11% after the biotechnology company’s latest earnings results impressed investors all around, beating estimates on sales, profits, and guidance for the full fiscal year.
Boeing BA -2.34% fell 2.3% even as the plane manufacturer lifted its core earnings-per-share outlook for 2014.
PepsiCoPEP +1.85% rallied 2% after the company’s second-quarter profit beat estimates and it lifted earnings guidance.
Delta Air Lines Inc. shares DAL +3.90% climbed 3.7% after the company’s second-quarter profit jumped 17%, driven by higher passenger and operating revenue.
Investors also reacted to big tech earnings that came late Tuesday. Apple AAPL -0.22% shares rose 2.6% after earnings that topped expectations. Also read: 5 reasons why Apple shares could rise another 16% this year.
After the close, Facebook IncFB +3.98% reported second-quarter earnings that topped estimates as revenue surged 61%. Shared rallied 3% in after-hours trading.
Among other markets, the Stoxx Europe 600 index XX:SXXP +0.12% edged up 0.1% Wednesday, while Asia XX:ADOW +0.51% also logged a mostly-higher finish.
Crude oil prices CLU4 +0.64% rose ahead of key supply data, while gold prices GCQ4 -0.05% were flat. The dollar rose against the British pound GBPUSD -0.13% GBPUSD -0.13% after minutes from the Bank of England’s July meeting showed all members voted to keep monetary policy loose.
Wednesday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | ▼ | NYSE | |||
| AXP | ▼ | NYSE | |||
| 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 Wed. morning's Blog:
A read of the print editions of Wednesday's Wall Street Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal & Constitution and 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 Tuesday's closing stock prices and related data in alphabetical order.
The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 17113.54 UP 61.81 OR 0.36% from Monday's close of 17051.73. For the year the Dow is up 3.24%. Of the Dow components 20 gained and 10 declined. The biggest gainer dollar-wise was Goldman Sachs up $3.30 and percentage-wise was Intel up 2.14%. The biggest decliner dollar-wise and percentage-wise was Travelers down $3.63 or 3.81%.
WSJ pC4 "Earnings, housing data lift indexes" by Saumya Vaishampayan says US stocks rose Tues getting a lift from strong housing data & upbeat corp earnings. Coke fell $1.21 after it posted a decline in 2Q profit & rev. Travelers is charted under Bad News as its operating profit declined & missed expectations.
NYT pB4 "Economic data and solid earnings reassure investors" by Reuters says the market rose Tues due to positive earnings and economic data pointed to a market that still had room to rise.
FT p19 "Wall Street" by Eric Platt says US markets rose after a report showed the sale of previously owned homes had recovered more than expected & core inflation eased. Cole slipped as 2Q sales failed to lift off. McDonald's failed to ignite consumer interest as same store sales were below estimates.
Tuesday's Dow Jones Industrial Average numerator is 2664.85 up 9.62 from Monday's numerator of 2655.23. 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 (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $88.83 up 32 cents from Monday's average closing price of $88.51. The median closing price of Tuesday's Dow Jones Industrial Average was $83.30 (HD/UNH) down 37 cents from Monday's median closing price of $82.67 (PG/UNH). The lowest volume was 3M and the highest volume was Intel.
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 made $962 ($266,485 - $265,523).
7/22/14 Tuesday 4:05 pm MarketWatch by Anora Mahumudova & Sara Sjolin says The U.S. stock market closed modestly higher, boosted by better-than-expected inflation and housing reports as well as a flood of second-quarter earnings reports.
The S&P 500SPX +0.50% ended the session 9.93 points, or 0.5%, higher at 1,983.56, led by stellar results from Chipotle Mexican Grill Inc. The benchmark index closed within a striking distance from its record closing level, reached on July 3.
The Dow Jones Industrial Average DJIA +0.36% added 61.81 points, or 0.4%, to 17,113.54. The Nasdaq Composite COMP +0.71% gained 31.31 points, or 0.7%, to 4,456.02.
“Earnings so far are modestly above expectations, though revenues continue to be on a weak side,” said Jim Russell, senior equity strategist at U.S. Bank Wealth Management.
Russell expressed concerns about third and fourth quarter expectations, which he views as high, given modest revenue growth forecasts. In economic news, consumer prices gained again in June, but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost of gasoline.
Inflation, as measured by CPI, has picked up noticeably in recent months, but Tuesday’s tame reading could ease some of those concerns. Rising for a third month, sales of existing homes grew in June to the highest annual rate since October. Six Dow Industrials components reported ahead of the market open. Coca-Cola KO -0.12% shares fell 2.9% after the beverage giant reported second-quarter sales that fell short of forecasts, while profit topped estimates. McDonald’s MCD -0.10% shares dropped 1.3% after the fast-food restaurant chain reported earnings that came in below expectations. Herbalife Ltd.HLF -1.06% jumped 23% -- the biggest one-day percentage gain -- after the supposed “death blow” that hedge-fund manager Bill Ackman intended to deliver against the company had the opposite effect. Chipotle Mexican Grill Inc.CMG -0.13% shares rallied 12%, making it the biggest gainer on the S&P 500 index. The fast-casual restaurant chain lifted its full-year sales outlook late Monday as it reported profit and sales for the second quarter that were far better than Wall Street analysts had expected. Shares of Comcast Corp. CMCSA -0.06% rose 1.5% after the cable company said second-quarter profit rose 15%, in part as it reduced its rate of video-subscriber losses.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: No mentions found.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: WSJ pB4 "Coke's soda volumes rise but US sales still flat" by Michael Calia, Mike Esterl, AJC pA11 "Coca-Cola profit, revenue fall" by Leon Stafford, USAT p4B "Coca-Cola", FT p12 "World Cup fiz still leaves Coca-Cola's profits flat" by Elizabeth Paton say Coke's 2Q earnings were down as net income fell from $2.7 bil from a year ago to $2.6 bil. Earnings per share fell from 59 cents to 58 cents. Rev was $12.6 bil vs. $12.75 bil a year ago.
WSJ pC4 "Earnings, housing data lift indexes" by Saumya Vaishampayan says US stocks rose Tues getting a lift from strong housing data & upbeat corp earnings. Coke fell $1.21 after it posted a decline in 2Q profit & rev. Travelers is charted under Bad News as its operating profit declined & missed expectations.
FT p19 "Wall Street" by Eric Platt says US markets rose after a report showed the sale of previously owned homes had recovered more than expected & core inflation eased. Cole slipped as 2Q sales failed to lift off. McDonald's failed to ignite consumer interest as same store sales were below estimates.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: AJC pA12 "Exxon to follow protection for gays" says Exxon will comply with new protections for gay & transgender employees following Obama's signing of the exec order protecting fed. employees.
NYT pB2 "Exxon MObil moves ahead with Russian oil project" by Andrew E. Kramer says a drilling rig of Exxon's set sail from Norway to Russia.
GE: WSJ pC6 "A power surge in rust belt" by Chelsey Dulaney says GE will move 1,500 jobs to a new $90 mil facility in Cincinnata.
Goldman Sachs: FT p18 "Goldman to issue bonds using swap" by tracy Alloway, Michael Mackenzie says a type of derivative known as a total return swaps has become a hot ticket item on Wll St. Goldman will sell up to 10 bil Euro of TRS.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC3 "JPMorgan nears deal for buyout unit" by Ryan Dezember, Emily Glazer, Robin Sidel says JPMorgan will sell half its stake in the portfolio of its buyout arm, One equity Partners.
Johnson & Johnson: No mentions found.
McDonald's: NYT pB2 "McDoanld's profit slips a US sales continue to lag" by AP, USAT p5B "McDonald's stock slides as earnings disappoint" by Bruce Horovitz, WSJ pB1 "Fast and furious: Americans at breakfast" by Julie Jargon, Annie Gasparro, FT p12 "Sluggish US sales leave McDkoanld's struggling" by Neil Munshi, WSJ pB5 "McDonald's searches for fix to weak sales" by Julie Jargon, Anna Prior, USAT p4B "Shares aren't exactly on the bargain menu" by Matt Krantz say breakfast accounted for 25% of McDonald's rev last year & 40% of its pretax profit. 2Q profit was $1.39 bil or $1.40 pe share vs. $1.4 bil or $1.38 per share lasat year. Rev rose 1.4% to $7.18 bil from $7.08 bil a year ago.
FT p19 "Wall Street" by Eric Platt says US markets rose after a report showed the sale of previously owned homes had recovered more than expected & core inflation eased. Cole slipped as 2Q sales failed to lift off. McDonald's failed to ignite consumer interest as same store sales were below estimates.
Merck: No mentions found.
Microsoft: WSJ pB3 "Nokia a drag on Microsoft" by Shira Ovide, AJC pa12 "Nokia acquisition lifts Microsoft", USAT p1B "Nadella has tough task" by John Shinal, NYT pB3 "Microsoft's profits slide on mobile, but its cloud flourishes" by Nick Wingfield say Microsoft's rev' rose 18% due to $2 bil in rev from Nokia. Net income for 4Q fell 7.1% to $4.6 bil or 55 cents a share from $5 bil or 59 cents a share a year earlier. Rev rose to $23.4 bil from $19.9 bil.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: WSJ pC2 "Travelers Corp. operating profit falls" by Leslie Scism says Travelers' 2Q operating profit fell 18% due to insurance claims from wind & hail storms. Op profit was $673 mil or $1.,93 a share from $816 mil or $2.13 a year earlier. Net income was $683 mil or $1.,95 a share down from $925 mil or $2.41 a year ago.
WSJ pC4 "Earnings, housing data lift indexes" by Saumya Vaishampayan says US stocks rose Tues getting a lift from strong housing data & upbeat corp earnings. Coke fell $1.21 after it posted a decline in 2Q profit & rev. Travelers is charted under Bad News as its operating profit declined & missed expectations.
United Technologies: WSJ pB6 "United Technologies weak order growth leads shares to drop" by Ted Mann, Erin McCarthy says United Tech's shares fell due to weak order growth, disappointing margins and one time hits. Earnings rose 7.7% in 2Q. Rev climbined 7.4% to $17.19 bil. UTX raised the lower end of its earnings view for the year by 10 cents a share.
UnitedHealth: No mentions found.
Verizon: NYT pB2 "Increase in wireless customers lifts Verizon's rev" by Reuters, USAT p2B "Verizon 2Q income tops estimates by Mike Snider says Verizon earned $4.2 bil in net income for 2Q vs. $2.2 bil a year ago. Adjusted earnings pe share of 91 cents beat estimates of 90 cents.
NYT pB6 "Verizon slims down, to developers' delight" by C. J. Hughes says Verizon is selling some buildings in the Bronx.
Visa: No mentions found.
Walmart: No mentions found.
Tuesday's Closing Dow Numbers:
**********************
Here are the current CEOs of the Dow 30 Companies:
The S&P 500SPX +0.50% ended the session 9.93 points, or 0.5%, higher at 1,983.56, led by stellar results from Chipotle Mexican Grill Inc. The benchmark index closed within a striking distance from its record closing level, reached on July 3.
The Dow Jones Industrial Average DJIA +0.36% added 61.81 points, or 0.4%, to 17,113.54. The Nasdaq Composite COMP +0.71% gained 31.31 points, or 0.7%, to 4,456.02.
“Earnings so far are modestly above expectations, though revenues continue to be on a weak side,” said Jim Russell, senior equity strategist at U.S. Bank Wealth Management.
Russell expressed concerns about third and fourth quarter expectations, which he views as high, given modest revenue growth forecasts. In economic news, consumer prices gained again in June, but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost of gasoline.
Inflation, as measured by CPI, has picked up noticeably in recent months, but Tuesday’s tame reading could ease some of those concerns. Rising for a third month, sales of existing homes grew in June to the highest annual rate since October. Six Dow Industrials components reported ahead of the market open. Coca-Cola KO -0.12% shares fell 2.9% after the beverage giant reported second-quarter sales that fell short of forecasts, while profit topped estimates. McDonald’s MCD -0.10% shares dropped 1.3% after the fast-food restaurant chain reported earnings that came in below expectations. Herbalife Ltd.HLF -1.06% jumped 23% -- the biggest one-day percentage gain -- after the supposed “death blow” that hedge-fund manager Bill Ackman intended to deliver against the company had the opposite effect. Chipotle Mexican Grill Inc.CMG -0.13% shares rallied 12%, making it the biggest gainer on the S&P 500 index. The fast-casual restaurant chain lifted its full-year sales outlook late Monday as it reported profit and sales for the second quarter that were far better than Wall Street analysts had expected. Shares of Comcast Corp. CMCSA -0.06% rose 1.5% after the cable company said second-quarter profit rose 15%, in part as it reduced its rate of video-subscriber losses.
Wednesday's Dow News followed by Tuesday's Closing Dow Numbers:
AT&T: No mentions found.
American Express: No mentions found.
Boeing: No mentions found.
Caterpillar: No mentions found.
Chevron: No mentions found.
Cisco: No mentions found.
Coke: WSJ pB4 "Coke's soda volumes rise but US sales still flat" by Michael Calia, Mike Esterl, AJC pA11 "Coca-Cola profit, revenue fall" by Leon Stafford, USAT p4B "Coca-Cola", FT p12 "World Cup fiz still leaves Coca-Cola's profits flat" by Elizabeth Paton say Coke's 2Q earnings were down as net income fell from $2.7 bil from a year ago to $2.6 bil. Earnings per share fell from 59 cents to 58 cents. Rev was $12.6 bil vs. $12.75 bil a year ago.
WSJ pC4 "Earnings, housing data lift indexes" by Saumya Vaishampayan says US stocks rose Tues getting a lift from strong housing data & upbeat corp earnings. Coke fell $1.21 after it posted a decline in 2Q profit & rev. Travelers is charted under Bad News as its operating profit declined & missed expectations.
FT p19 "Wall Street" by Eric Platt says US markets rose after a report showed the sale of previously owned homes had recovered more than expected & core inflation eased. Cole slipped as 2Q sales failed to lift off. McDonald's failed to ignite consumer interest as same store sales were below estimates.
Disney: No mentions found.
DuPont: No mentions found.
Exxon: AJC pA12 "Exxon to follow protection for gays" says Exxon will comply with new protections for gay & transgender employees following Obama's signing of the exec order protecting fed. employees.
NYT pB2 "Exxon MObil moves ahead with Russian oil project" by Andrew E. Kramer says a drilling rig of Exxon's set sail from Norway to Russia.
GE: WSJ pC6 "A power surge in rust belt" by Chelsey Dulaney says GE will move 1,500 jobs to a new $90 mil facility in Cincinnata.
Goldman Sachs: FT p18 "Goldman to issue bonds using swap" by tracy Alloway, Michael Mackenzie says a type of derivative known as a total return swaps has become a hot ticket item on Wll St. Goldman will sell up to 10 bil Euro of TRS.
Home Depot: No mentions found.
Intel: No mentions found.
IBM: No mentions found.
JPMorgan: WSJ pC3 "JPMorgan nears deal for buyout unit" by Ryan Dezember, Emily Glazer, Robin Sidel says JPMorgan will sell half its stake in the portfolio of its buyout arm, One equity Partners.
Johnson & Johnson: No mentions found.
McDonald's: NYT pB2 "McDoanld's profit slips a US sales continue to lag" by AP, USAT p5B "McDonald's stock slides as earnings disappoint" by Bruce Horovitz, WSJ pB1 "Fast and furious: Americans at breakfast" by Julie Jargon, Annie Gasparro, FT p12 "Sluggish US sales leave McDkoanld's struggling" by Neil Munshi, WSJ pB5 "McDonald's searches for fix to weak sales" by Julie Jargon, Anna Prior, USAT p4B "Shares aren't exactly on the bargain menu" by Matt Krantz say breakfast accounted for 25% of McDonald's rev last year & 40% of its pretax profit. 2Q profit was $1.39 bil or $1.40 pe share vs. $1.4 bil or $1.38 per share lasat year. Rev rose 1.4% to $7.18 bil from $7.08 bil a year ago.
FT p19 "Wall Street" by Eric Platt says US markets rose after a report showed the sale of previously owned homes had recovered more than expected & core inflation eased. Cole slipped as 2Q sales failed to lift off. McDonald's failed to ignite consumer interest as same store sales were below estimates.
Merck: No mentions found.
Microsoft: WSJ pB3 "Nokia a drag on Microsoft" by Shira Ovide, AJC pa12 "Nokia acquisition lifts Microsoft", USAT p1B "Nadella has tough task" by John Shinal, NYT pB3 "Microsoft's profits slide on mobile, but its cloud flourishes" by Nick Wingfield say Microsoft's rev' rose 18% due to $2 bil in rev from Nokia. Net income for 4Q fell 7.1% to $4.6 bil or 55 cents a share from $5 bil or 59 cents a share a year earlier. Rev rose to $23.4 bil from $19.9 bil.
Nike: No mentions found.
Pfizer: No mentions found.
Procter & Gamble: No mentions found.
3M: No mentions found.
Travelers: WSJ pC2 "Travelers Corp. operating profit falls" by Leslie Scism says Travelers' 2Q operating profit fell 18% due to insurance claims from wind & hail storms. Op profit was $673 mil or $1.,93 a share from $816 mil or $2.13 a year earlier. Net income was $683 mil or $1.,95 a share down from $925 mil or $2.41 a year ago.
WSJ pC4 "Earnings, housing data lift indexes" by Saumya Vaishampayan says US stocks rose Tues getting a lift from strong housing data & upbeat corp earnings. Coke fell $1.21 after it posted a decline in 2Q profit & rev. Travelers is charted under Bad News as its operating profit declined & missed expectations.
United Technologies: WSJ pB6 "United Technologies weak order growth leads shares to drop" by Ted Mann, Erin McCarthy says United Tech's shares fell due to weak order growth, disappointing margins and one time hits. Earnings rose 7.7% in 2Q. Rev climbined 7.4% to $17.19 bil. UTX raised the lower end of its earnings view for the year by 10 cents a share.
UnitedHealth: No mentions found.
Verizon: NYT pB2 "Increase in wireless customers lifts Verizon's rev" by Reuters, USAT p2B "Verizon 2Q income tops estimates by Mike Snider says Verizon earned $4.2 bil in net income for 2Q vs. $2.2 bil a year ago. Adjusted earnings pe share of 91 cents beat estimates of 90 cents.
NYT pB6 "Verizon slims down, to developers' delight" by C. J. Hughes says Verizon is selling some buildings in the Bronx.
Visa: No mentions found.
Walmart: No mentions found.
Tuesday's Closing Dow Numbers:
| Symbol | Last Sale | Change | % Change | Share Volume | Market |
|---|---|---|---|---|---|
| T | ▼ | NYSE | |||
| AXP | ▲ | NYSE | |||
| 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)
American Express AXP Kenneth I. Chenault (NY, NY)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Goldman Sachs GS Lloyd Blankfein (NY, NY)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Brian Krzanich (Santa Clara, CA)
IBM Virginia M. Rometty (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ Alex Gorsky (New Brunswick, NJ)
McDonald's MCD Donald Thompson (Oak Brook, Ill)
Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)
Microsoft MSFT Satya Nadella (Redmond, WA)
Nike NK 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)
UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Visa V Charles W. Scharf (Foster City, CA)
Wal-Mart WMT Doug McMillon (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 as of close of business 7/3/14 ranked in order of market capitalization in billions:
1. Exxon Mobil XOM $440.65
2. Microsoft MSFT 345.29
3. Johnson & Johnson JNJ 298.24
4. GE 269.35
5. Chevron CVX 249.74
6. WalMart WMT 244.19
7. Procter & Gamble PG 216.42
8. JPMorgan Chase JPM 215.89
9. Verizon VZ 205.86
10. Pfizer PFE 194.74
11. IBM 190.83
12. AT&T T 186.01
13. Coke KO 185.61
14. Merck MRK 173
15. Intel INTC 155.01
16. Disney DIS 150.39
17. Visa V 136.02
18. Cisco CSCO 129.04
19. Home Depot HD 112.21
20. United Technologies UTX 105.91
21. American Express AXP 101.59
22. McDonald's MCD 99.81
23. 3M MMM 95.14
24. Boeing BA 93.71
25. UnitedHealth UNH 81.67
26. Goldman Sachs GS 78.76
27. Caterpillar CAT 69.34
28. Nike NKE 68.54
29. DuPont DD 60.43
30. Travelers TRV 32.95
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Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 7/3/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T:
6/30/14 8K re: increase Board of Dirs from 13 to 14 and election of Glenn H., Hutchins to Board
6/27/14 8K re: sale of its shares of America Movil for $5.5 bil
6/27/14 8K re: securitization facility between New Cingular subsidiary & Citibank
6/11/14 8K sale of 2.4% Global Notes due 2024
6/10/14 8K sale of $2 bil of 4.8% Global Notes due 2044
6/3/14 8K re: notice of redemption of 4 classes of notes
6/3/14 8K re: Reg. FD disclosure re: proposed acquisition of DirecTV
6/3/14 8K re: update on network transformation, 2Q trends & full year '14 guidance
5/19/14 8K re: contract to buy DirecTV
5/2/14 10Q & 4/23/14 8K & 4/22/14 8K re: results of 1 Qtr ended 3/31/14.
4/28/14 8K re: voting results of annual meeting of Stockholders
American Express AXP:
6/30/14 8K re: 50% jv with Certares for global business travel
6/23/14 8K re: appointment of Laureen E. Seeger as general Counsel
6/16/14 8K re: delinq. & write-off stats for 3 mos ended 5/31/14
5/15/14 8K re: delinq. & write-off stats. for 3 months through 4/30/14
5/13/14 8K re: 13% dividend increase
4/29/14 10Q re: 1Q ended 3/31
4/16/14 8K re: 1Q results
4/15 8K re: delinq. & write-off stats for 3 months ended 3/31/14
Boeing BA:
5/12/14 8K re: amendment of CEO's employment contract
4/30/14 8K re: voting results from annual meeting of shareholders
4/23/14 10Q & 8K re: 1 Qtr ended 3/31/14
3/14/14 Proxy for Annual Meeting of Shareholders 4/28/14 10:00 am, Field Museum, Chicago
3/11/14 8K re: amendments to Supp. Exec. Retirement Plan
3/28/14 8K re: selection of Robert E. Verbeck as VP Finance
Caterpillar CAT:
6/19/14 8K re: 3 mos. retail sales stats.
6/12/14 8K re: stockholder approval of '14 long term incentive plan & exec. short term incentive plan
6/11 8K re: increase of quarterly dividend by 17% to 70 cents per share payable 8/20 to record holders on 7/21
5/28/14 & 4/21/14 Proxies re: annual meeting of stockholders on 6/11/14 at Corinth, MS
5/20/14 8K re: 3 months retail sales stats through 4/14
5/8/14 8K re: underwriting agreement to issue notes
5/2/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31/14 results
4/23/14 8K re: 3 months retail sales stats through 3/14
Chevron CVX:
6/3/14 8K re: voting results of annual stockholder meeting
5/2/14 10Q & 8K re: 1 Qtr ended 3/31 results
4/10/14 Proxy re: Annual Meeting of Shareholders on 5/28 at Permian Basin Petroleum Museum, Midland, Tx at 8 am
4/9/14 8K re: Interim update for 1Q
Cisco CSCO:
6/25/14 8K re: adoption of pre-arranged stock trading plan by executive
5/22/14 10Q & 5/14/14 8K re: 1 Qtr ended 4/26 results
3/26/14 8K re: adoption of pre-arranged exec stock trading plans
3/11/14 8K re: exec's pre-arranged stock trading plan
3/3/14 8K re: issuance of Floating Rate Notes
Coke KO:
4/30/14 10Q/A & 4/24/14 10Q for 1Qtr ended 3/28 results
4/25/14 8K re: election of Kathy N. Waller as CFO
4/23/14 8K re: approval of Equity Comp. Plan
4/15/14 8K re: 1Q results
4/3/14 & 3/28/14 Proxy material re: issue of exec. comp.
Disney DIS:
6/27/14 8K re: amendment to By-laws re: calling of shareholder meeting
6/2/14 8K re: sale of global notes
5/6/14 8K & 10Q for 1Qtr ended 3/29 results
3/20/14 8K re: amdmt to cert. of incorp.
3/18/14; 3/4/14; & 2/3/14 Add'l proxy materials
DuPont DD:
6/26/14 8K re: lower earnings outlook for 2Q & 2014
4/28/14 8K re: voting results of Stockholders Mtg
4/22/14 10Q & 4/17/14 re: 1 Qtr ended 3/31
3/17/14 8K re: results for qtr ended 3/31
3/14/14 Proxy Stockholders Mtg 4/23/14 10:30 am, DuPont Theatre, Wilmington, DE
3/10/14 8K re: guidance for 2014
ExxonMobil XOM:
6/2/14 8K re: voting results of annual meeting of shareholders
5/14/14 & 4/22/14 Proxy material re: exec comp
5/7/14 10Q & 5/1/14 8K re: 1 Qtr. ended 3/31 results
4/11/14 Proxy re: Shareholder Mtg on 5/28 at Myerson Symphony Ctr, Dallas, Tx at 9:30 am
3/24/14 8K re: Reg. FD disclosure re: '13 Fin'l & Operating Rev
3/20/14 8K re: issuance of Float Rate Notes
3/11/14 8K re: presentation at analyst meeting
GE:
5/12/14 10Q & 4/17/14 8K re: 1 Qtr ended 3/31 results
4/28/14 8K re: voting results from annual shareholders meeting
4/23/14 8K re: election of John J. Brennan to Board of Dirs.
4/17/14 8K re: 1Q results
3/11/14 8K re: public offering of Notes
3/5/14 Proxy Annual Shareholders Meeting 4/23/14 10 am Sheraton, Chicago
Goldman Sachs GS:
6/4/14 8K re: sale of $900 mil of floating notes
5/29/14 8K re: tender offer for debt securities.
5/19/14 8K re: shareholder meeting voting results
5/19/14 10Q re: 1 Qtr results ended 3/31
4/21/14 Proxy material re: governance and practices
4/28/14 8K re: amend cert. of incorp. re: series L Preferred rights
4/17/14 8K re: 1Q results
4/4/14 Proxy re: Shareholder Mtg at 5/16 at GS Office, Irving Tx at 9:30 am
Home Depot HD:
6/12/14 8K re: completion of offering of senior notes
5/28/14 10Q & 5/20/14 8K re: 1 Qtr results
5/28/14 8K re: voting results from Shareholder Meeting
4/7/14 Proxy re: Shareholder Mtg 5/22 Cobb Galleria Centre, Atlanta, Ga. at 9:00 am
3/27/14 10K for year ended 2/2/14
Intel INTC:
6/27/14 8K re: executive changes
6/23/14 8K re: election of Aneel Bhusri to Board of Director
6/12/14 8K re: raises of 2Q & full year revenue and gross margin expectations
5/28/14 8K re: voting results from Stockholder Mtg
4/25/14 10Q for 1 Qtr ended 3/29
4/15/14 8K re: 1Q results
4/7/14 8K re: changes to operating segments reports
4/3/14 Proxy re: Stockholder Mtg on 5/22 at 8:30 am at Intel HQ, Santa Clara, CA
IBM:
6/2/14 8K re: completion of SEC investigation re: reporting of cloud rev with no action taken
5/14/14 2 8Ks re: FD disclosures re: investors' meeting
5/2/14 8K re: voting results from Stockholder Mtg
4/29/14 10Q for 1 Qtr. ended 3/31
4/17/14 & 4/16/14 8K re: 1Q earnings presentation
4/3/14 Proxy re: add't'l info
JPMorganChase JPM:
7/2/14 8K re: CEO Jamie Dimon having throat cancer
7/1/14 8K re: reduction of warrant exercise price
6/23/14 & 6/9/14 8Ks (2) re: modification of rights of holders of preferred shares
6/11/14 8K re: Reg FD disclosure re: investor presentation
5/22/14 8K re: Voting results from Shareholder Mtg.
5/13/14 8K re: Offering of notes
4/22/14 Proxy information
4/11/14 2 8Ks re: 1Q results
4/9/14 Proxy re: Shareholder Mtg at JPM Offices on 5/20/14 at Tampa, Fl at 10:00 am
Johnson & Johnson JNJ:
6/30/14 8K re: complete sale of Ortho-clinical Diagnostics to Carlyle Group
6/19/14 8K re: election of UPS CEO D. Scott Davis to Board of Directors
5/2/14 10Q for 1 Qtr ended 3/30
4/25/14 8K re: voting results of shareholder meeting
4/15/14 8K re: results of 1Q ended 3/30/14
McDonald's MCD:
6/10/14 8K re: global comparable sales for May
6/9/14 8K re: sale of $500 mil of notes
5/28/14 8K re: Voting results of Shareholder Mtg
5/27/14 8K re: retirement of Timothy Fenton
5/8/14 8K re: April sales
5/6/14 10Q & 4/222/14 8K re: 1 Qtr ended 3/31 results
4/11/14 Proxy re: Shareholder Mtg on 5/22/14 at 8 am at MCD HQ at Oak Brook, Ill
Merck MRK:
5/29/14 8K re: voting results of Shareholder Mtg
5/8/14 10Q & 4/29/14 8K re: 1 Qtr ended 3/31
5/6/14 8K re: FD re: Investor briefing
4/14/14 Proxy re: Shareholder Mtg on 5/27 at 9 am at Bridgewater Marriott, Bridgewater, NJ
Microsoft MSFT:
4/24/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31 results
3/20/14 8K re: resignation from Bd. of Dirs. of Stephen J. Luczo
3/12/14 8K re: election of G. Mason Morfit, Pres. ValueAct Capital, to BoD
Nike NKE:
6/30/14 8K re: Reg. FD disclosure re: 4Q conference call
6/26/14 8K re: 4Q & full year 2014 results
6/23/14 8K re: election of John Donahoe to Board of Directors
4/7/14 10Q & 3/25/14 & 3/20/14 8Ks re: Year ended 2/28/14
Pfizer PFE:
6/26/14 8K re: election of James C. Smith to Board of Directors
5/27/14; 5/20/14; 5/13/14; 5/2/14 & 4/28/14 8Ks all with respect to bid for and withdrawal of bid for AstraZeneca
5/19/14 8K re: offering of floating rate notes
5/15/14 8K re: public offering of notes
5/8/14 10Q & 5/5/14 8K re: 1 Qtr ended 3/30 results
4/28/14 8K re: Voting results of Shareholder Meeting
4/11/14 & 4/2/14 Proxy re: add't'l info
Procter & Gamble PG:
6/25/14 8K re: exec changes
6/11/14 8K re: sale of pet care business
4/23/14 10Q & 2 8Ks re 1 Qtr ended 3/31 results
4/9/14 8K re: sale of Pet Food biz to Mars for $2.9 bil
4/7/14 8K re: dividend of 64 cents on common & preferred shares
3M MMM:
6/9/14 8Ks (2) re: executive changes
6/4/14 8K re: sale of notes
5/16/14 8K re: sale of notes
5/15/14 8K re: transfer of product lines between divisions
5/14/14 8K re: results of votes of Stockholders
5/1/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31
4/15/14; 3/27/14; & 3/26/14 Proxy re: Stockholder Mtg on 5/13/14 at 10:00 am at Austin Conv. Ctr. at Austin, Tx
4/8/14 8K re: imminent danger order issued and then lifted for Greystone Plant at Wauscu, Wisc.
Travelers TRV:
6/2/14 8K re: approval of 2014 stock incentive plan
4/22/14 10 Q & 8K re: 1 Qtr ended 3/31 results
4/11/14 Proxy re: shareholder Mtg on 5/27 at 1 pm at Hartford Marriott Downtown, Hartford, Ct.
United Technologies UTX:
5/2/14 8K amendment of Long Term Incentive Plan
4/25/14 10Q & 4/22/14 8K re: 1 Qtr ended 3/31 results
4/8/14 Proxy re: add'l info
UnitedHealth Group UNH:
6/6/14 8K re: results of annual meeting of shareholders
5/23/14 8K re: investor presentation
5/6/14 10 Q & 4/17/14 8K re: 1Q ended 3/31results
4/23/14 2 proxy filings for Annual Meeting of Shareholders on 6/2/14 at 10 am at Anthony Marton Aud. in Las Vegas
Verizon Communications Inc. VZ:
6/26/14; 6/12/14; 6/11/14; & 6/2/14 8Ks (4) results of exchange offer
5/29/14 8K re: exchange offer of notes
5/6/14 8K re: technical amendment to Bylaws
4/29/14 10Q & 4/24/14 8K re: 1 Qtr results ended 3/31
4/11/14 Proxy re: add'l info
Visa V:
6/3/14 8K re: retirement of CFO Byron H. Pollitt, Jr.
4/24/14 10Q & 8K re: 2 Qtr ended 3/31/14 results
4/23/14 8K re: quarterly cash dividend of 40 cents per share
3/1/314 8K re: resignation of Elizabeth Buse, EVP Solutions
3/7/14 8K re: pre-arranged stock trading plan for CFO
3/5/14 8K re: presentation at Morgan Stanley tech, Media & Telecom Conf 3/5
WalMart WMT:
6/10/14 8K re: results of annual meeting of shareholder
6/6/14 10Q for quarter ended 4/30/14
5/29/14 & 4 filings on 4/23/14 Proxy Materials re: 6/6/14 Annual Shareholder Meeting at 7 am at Bud Walton Arena, Fayetteville, Ark
5/15/14 8K re: 1 Qtr results
4/21/14 8K re: sale of notes
4/7 8K re: issuance of euro Notes due '22
FINAL
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