Thursday, September 4, 2014

9/4/14 Thurs. pm Dow Closes at 17069.58 down 8.7 or 0.05%

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

Post No. 2,816 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  Thursday at 17069.58 down 8.7 or 0.05%  from Wednesday's close of 17078.28. Of the Dow components  15 gained and 15 declined.  The biggest gainer   dollar-wise  and percentage-wise was Nike up $1.10 or 1.4%.  The biggest decliner   dollar-wise was IBM down $1.27  and percentage-wise was Disney down 0.88%.


As of the open of  the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C5 of  Thursday's Wall St. Journal is 0.15571590501117.  Thursday's trailing P/E   ratio is 16.17 down from Wednesday's   trailing P/E ratio of 16.20  (last year it was 15.57).  Thursday's P/E estimate is 15.10 unchanged from Wednesday's P/E estimate of 15.10 (year ago it was 13.47) and Thursday's dividend yield is 2.21 up from  Wednesday's dividend yield of 2.19  (last year it was 2.50). The Dow's all-time high was 17138.20 on July 16,  2014. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Thursday's Dow Jones Industrial Average numerator is 2658.01 down 1.35  from  Wednesday's   numerator of 2659.36.  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 (0.15571590501117) 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  Thursday's Dow Jones Industrial Average was $88.60 down 5 cents from Wednesday's  average closing price of $88.65.  The median closing price of  Thursday's Dow Jones Industrial Average was $88.36  (UNH/AXP) down 11 cents from Wednesday's median closing price of $88.47 (UNH/AXP). The lowest volume was  Travelers and the highest volume was Intel.

If  Thursday 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 $135  ($265,936 - $265,801).

9/4/14 Thurs. 4:08 MarketWatch by Anora Mahmudova, Carla Mozee & Victor Reklaitis says
The optimism that sent indexes to new intraday highs after the European Central Bank’s surprise interest-rate cuts Thursday had fizzled out by the end of the session, as indexes dipped into the red.
Analysts said that markets were overextended after a big run-up over the past four weeks, which made the S&P 500’s and Dow Jones Industrial Average’s pullback Thursday afternoon unsurprising. The modest retreat comes as investors await the monthly jobs report set to be released on Friday.
Both indexes reached intraday highs late Thursday morning after the ECB moves, but their gains faded as the session wore on.The S&P 500 SPX, -0.15%  lost 3 points, or 0.2% to 1,997.60. The Dow Jones Industrial Average DJIA, -0.05%  closed down 8.8 points, or 0.1%, at 17,069. The Nasdaq Composite COMP, -0.22%  fell 10.3 points, or 0.2%, to 4,562.20.Market-moving economic news: The European Central Bank unexpectedly lowered key interest rates. Also read: The reluctant firefighters at the ECB start dousing the flames.In the U.S., the day’s economic data painted a picture of continued economic growth. The ADP report on hiring in the private sector showed private-sector hiring was almost unchanged from July. Weekly jobless claims numbers rose slightly more than expected, but remained near an eight-year low. Meanwhile, a gauge of activity for U.S. services and other nonmanufacturing companies reached its highest rate since 2008. Those reports are merely a prelude to the closely-watched August jobs report on Friday. Economists on average are forecasting that 226,000 nonfarm-payroll jobs were added last month. On the Fed watch, Cleveland Federal Reserve President Loretta Mester argued the Fed should rework its forward guidance to convey that the first rate increase will depend on economic conditions and the speed of its progress toward the Fed’s twin goals of low unemployment and stable prices. The Fed will debate the wording of its forward guidance at its next policy committee meeting on Sept. 16-17. Mester is a voting member this year. Stocks to Watch: PVH Corp. PVH, +9.60%  shares jumped 9% after the owner of the Calvin Klein and Tommy Hilfiger brands reported second-quarter earnings beat expectations Wednesday.GoPro Inc. GPRO, -6.65% shares dropped 6.7% after J.P. Morgan Chase downgraded the stock to neutral, citing its valuation. Other markets: European stocks SXXP, +1.14% closed higher after the ECB decision. Asian stocks ended mixed, with the Nikkei Average NIK, +0.46% in Tokyo down by 0.3%. The euro EURUSD, -0.10%   fell below $1.30 to a 14-month low against the dollar after the surprise ECB move.Oil futures CLV4, +0.23% and gold futures GCZ4, -0.39%  fell.

Thursday'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 Thursday morning's Blog:

A  read of the print editions of  Thursday's  Wall Street Journal, Financial Times, Investor's Business Daily, New York Times, USA Today,  Atlanta Journal & Constitution  & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by a separate table of Dow component's symbol and Wednesday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average:  The Dow Jones Industrial Average closed  Wednesday at 17078.28 up 10.72 or 0.06%  from Tuesday's close of 17067.56.  For the year the Dow is up 3.03%. Of the Dow components  20 gained, and Intel was unchanged and 9 declined.  The biggest gainer   dollar-wise  and percentage-wise was Merck up 69 cents or 1.15%.  The biggest decliner   dollar-wise   and percentage-wise was Home Depot down $2.15 or 2.36%.

WSJ pC4 "Tech puts a hurt on wider market" by Alexandra Scaggs says that tensions in Ukraine easing didn't give the market a lift as losses in tech shares weighed on the broader market.

NYT pB4 "techs hares lead Nasdaq lower in quiet day of trading" & AJC pA13 "Tech stocks drag Wall Street" by AP says a slide in APPle & other tech stocks steered the market to a small loss on wed as relief that greeted reports of a possible cease fire in Ukraine faded.

IBD pB3 "Nasdaq suffers first day of distribution in weeks" by David Saito-Chung says Wed's action saw mild to moderate losses in mixed vol while the current outlook is a confirmed uptrend.

FT p23 "Wall street says US equity markets were little changed ahead of Friday's monthly employment report.

Wednesday's Dow Jones Industrial Average numerator is 2659.36 up 1.67  from  Tuesday's   numerator of 2657.69.  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 (0.15571590501117) 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 $88.65 up 6 cents from Tuesday's  average closing price of $88.59.  The median closing price of  Wednesday's Dow Jones Industrial Average was $88.47  (UNH/AXP) up 41 cents from Tuesday's median closing price of $88.06 (UNH/AXP). 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 made $167  ($265,936 - $265,769).

9/3/14 Wed. 4:16 MarketWatch by Anora Mahmudova & Sara Sjolin says
falling Apple Inc. shares dragged the S&P 500 lower in Wednesday trading. Apple represents the most heavily-weighted component of the main benchmark as well as Nasdaq Composite. The S&P 500 SPX, -0.08%  closed 1.6 points, or 0.1% lower at 2,000.72. The Dow Jones Industrial Average DJIA, +0.06%  clung to a modest gain and finished the day 10.72 points, or 0.1%, higher at 17,078.28. The Nasdaq Composite COMP, -0.56%  fell 25.62 points, or 0.6%, to 4,572.57. Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital, stressed that September tends to be a turbulent month for stocks. Early optimism in light of a cease-fire agreement between Kiev and pro-Russian forces fizzled out by afternoon. Russian President Vladimir Putin said he and his Ukrainian counterpart Petro Poroshenko had agreed Wednesday to the outlines of a cease-fire for eastern Ukraine, calling for the separatists there to end their offensive and Kiev to pull its forces back.
Movers and shakers: Apple Inc. AAPL, +0.16%  shares sold off, falling 4.2% after Apple’s main rival Samsung unveiled Gear, a device which serves as an adapter, turning phablets into virtual reality 3-D screens. The drop in Apple shaved off nearly 3 points off the S&P 500.Infinity Pharmaceuticals Inc. INFI, +44.05%  soared 44% after the biotech company announced a new collaboration with AbbVie Inc. ABBV, +0.80% to develop and commercialize Infinity’s duvelisib, a treatment for blood cancers. Delta Air Lines Inc. DAL, -5.16%  was the worst performer on the S&P 500, falling 5.2% after the company lowered its operating margin view for the third quarter and raised its fuel price outlook. Even as the airline company’s revenue per average seat mile increased 2% in August, the growth was at the lower end of the company’s expectations. Shares in General Motors GM, -0.95%  and Ford Motors F, -0.74%  fell after both companies reported monthly sales numbers. Despite a spate of recalls, sales have continued to march upward, but lackluster numbers in August indicate a slowdown. On the economic front, orders for goods produced in U.S. factories jumped in July, as expected, due to a surge in contracts for commercial aircraft, the Commerce Department said Wednesday.Separately, the economy continued on a moderate or modest growth path through late August, with only the housing sector lagging behind, according to the Federal Reserve’s latest Beige Book report on current economic conditions.Other markets: European stock markets SXXP, +0.65%  rallied on the Ukraine-Russia cease-fire news. The German DAX 30 index DAX, +1.26% which is sensitive to news from Russia due to Germany’s close economic ties with the country, closed up 1.3% at 9,626.4. Russian stocks XX:MCX and the ruble USDRUB, -0.04%  also closed sharply higher.In other currencies, the dollar DXY, -0.14%  declined against most major currencies and slipped back from a one-year high against the euro USDEUR, +0.01%                                    

Oil prices CLV4, +2.37%  traded higher, while metals were mixed.

In Asia, stocks closed mainly higher.

Thursday's Dow News followed by Wednesday'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:  IBD pA4 "Cisco takes aim at HP, IBM with newest server systems" by Pete Barlas says C8isco will release six server & software systems known as Unified Computing Systems to help large firms manage data in branch offices & will compete with HP, IBM and Dell.

Coke:  IBD pA2 "Keurig brewers get Coke's tea" says Keurig is adding Just Green and Just Black Honest Tea as Coke's first products for use in Keurig's hot brewers.

Disney:  No mentions found.

DuPont:  No mentions found.

Exxon:  No mentions found.

GE:  No mentions found.

Goldman Sachs:  WSJ pC1 "Goldman nets Alibaba role" by Telis Demos says Goldman will over see Aliubaba's IPO with JPMorgan and others being a equal co-leads.

WSJ pC3 "US regulators tweak final rule for banks' buffers" by Ryan Tracy says this new rule is designed to ensure Goldman, JPMorgan et al don't run out of cash in in a crisis and more regulations are coming.

Home Depot:  WSJ pB2 "Home Depot hires security firms" by Shelly Banjo, NYT pB3 "Path of stolen credit cards leads back to Home Depot stores" by Nicole Perlroth, FT p14 "Home Depot is latest data victim" by Sarah Mishkin discusses the possible breach discovered Tues.


Intel:  No mentions found.

IBM:  WSJ pB4 "Bid data makes mark at the US Open" by Steven Norton says IBM is incharge of the it at the US Open.

  IBD pA4 "Cisco takes aim at HP, IBM with newest server systems" by Pete Barlas says C8isco will release six server & software systems known as Unified Computing Systems to help large firms manage data in branch offices & will compete with HP, IBM and Dell.

JPMorgan:  WSJ pC1 "Goldman nets Alibaba role" by Telis Demos says Goldman will over see Alibaba's IPO with JPMorgan and others being a equal co-leads.

WSJ pC3 "US regulators tweak final rule for banks' buffers" by Ryan Tracy says this new rule is designed to ensure Goldman, JPMorgan et al don't run out of cash in in a crisis and more regulations are coming.

Johnson & Johnson:  IBD pB9 "J&J slims down for new growth": by Ken shreve says Johnson & Johnson has been getting leaner in hopes of improving the bottom line.  Its 2Q profit rose 12% from a year ago to $1.66 per share as sales rose 9% to $19.5 bil.

McDonald's:  AJC pA12 "unions put restaurant companies on edge" says unions are trying to make McDonald's take responsibility for how workers are treated at its franchised restaurants.

Merck:  No mentions found.

Microsoft:  No mentions found.

Nike:  No mentions found.

Pfizer:  No mentions found.

Procter & Gamble:  No mentions found.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

UnitedHealth:  No mentions found.

Verizon:  WSJ pB5 "Verizon Communications FCC settles marketing probe for $7.4 million" by Gautham Nagesh says the inquiry was into how Verizon used personal info for marketing purposes.

Visa:  No mentions found.

Walmart:  No mentions found.

Wednesday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
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 unch 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) (Craig Menear Takes Over as CEO on 11/1)


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)


***************************
Here are the Dow Jones Industrial Average 30 as of close of business 8/7/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $418.65
2. Microsoft MSFT 356.04
3. Johnson & Johnson JNJ 281.15
4. GE 256.47
5. Chevron CVX 238.71
6. WalMart WMT 237.93
7.  JPMorgan Chase JPM 224.82
8. Procter & Gamble PG 216.42
9.  Verizon VZ 201.40
10.  IBM 183.57
11. Pfizer PFE 178.73
12. AT&T T 178
13. Coke KO 173.68
14. Merck MRK 163.19
15.  Intel INTC 162.39
16. Disney DIS 145.76
17. Visa V 131.49
18. Cisco CSCO 126.87
19. Home Depot HD 110.36
20. United Technologies UTX 95.04
21. McDonald's MCD 99.70 
22. American Express AXP 90.72
23. 3M MMM 90.28
24. Boeing BA 86.34 
25. Goldman Sachs GS 77.51
26. UnitedHealth UNH 77.09
27. Nike NKE 66.49
28. Caterpillar CAT 64.15
29. DuPont DD 59.22
30. Travelers TRV 30.48

****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 8/7/14:

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

AT&T T:
8/1/14 10Q & 7/24/14 8K & 7/23/14 8K  re: qtr ended 6/30
7/1/14 S-4 re: purchase of DirecTV
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

American Express AXP:
7/30/14 10Q & 7/29/14 8K re: qtr. ended 6/30/14
7/15/14 8K re: delinq. & write-off stats for 3 months ended 6/30/14
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

Boeing BA:
7/23/14 10Q & 7/23/14 8K re: 2Qtr ended 6/30/14
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

Caterpillar CAT:
8/1/14 10Q & 7/24/14 8K re: 2Q ended 6/30/14
7/23/14 8K re: rolling 3 mos. retail sales stats.
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

Chevron CVX:
8/6/14 10Q & 8/1/14 8K & 7/10/14 8K re: 2Q ended 6/30/14
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:
7/31/14 8K re: resignation from BoD of Gregory Q. Brown
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


Coke KO:
7/30/14 10Q & 7/22/14 8K re: qtr ended 6/27/14
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:
8/5/14 & 8/5 8K re: 10Q for 3Qtr ended 6/28/14 
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


DuPont DD:
8/5/14 8K re: election of Ulf M.  Mark Scheider
7/22/14 10Q & 7/22/14 8K re: qtr ended 6/30/14
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


ExxonMobil XOM:
8/6/14 10Q & 7/31/14 8K re: 2Qtr ended 6/30/14
8/6/14 8K re: retirement of P.T. Mulva as VP/controller to be replaced by D.S. Rosenthal
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


GE:
7/31/14 10Q & 7/18/14 8K re: qtr ended 6/30/14
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


Goldman Sachs GS:
8/7/14 10Q & 7/15/14 8K re: 2Qtr ended 6/30/14
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


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



Intel INTC:
7/25/14 10Q & 7/15/14 8K re: qtr. ended 6/28/14
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


IBM:
7/29/14 10Q & 7/18/14 8K & 7/17/14 8K re: qtr. ended 6/30/14
7/29/14 8K re: election of CEO of JNJ Alex Gorsky & Peter R. Voser to BoD
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:
8/4/14 10Q & 7/15/14 8K & 7/15/14 8K re: qtr. ended 6/30/14
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



Johnson & Johnson JNJ:
8/1/14 10Q & 7/15/14 8K re: Qtr ended 6/29/14
7/21/14 8K re: $5 bil share repurchase program
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



McDonald's MCD:
8/4/14 & 7/22/14 & 7/18/14 8K re: qtr. ended 6/30/14
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



Merck MRK:
9/29/14 8K re: 2Q results
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


Microsoft MSFT:
7/31/14 10K for year ended 6/30/14
7/31/14 8K re: increased BoD to 11 & election of John W. Stanton
7/22/14 8K re: 4Q results
7/17/14 8K re: restruction & related charges
4/24/14 10Q & 4/24/14 8K re: 1 Qtr ended 3/31 results


Nike NKE:
Sec. 14A Proxy re: Annual Meeting of Shareholders to be held 9/18/14 at Tiger Woods Conf. center, Beaverton, Or.
7/25/14 10K for year ended 5/31/14
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:
7/29/14 8K re: 2Q results
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



Procter & Gamble PG:
8/1/14  2 8Ks re: 4Q results
7/8/14 8K re: quarterly div. of 64 cents per share payable 8/15 to record holders of 7/18
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:
7/31/14 10Q & 7/24/14 re: qtr. ended 6/30/14
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:
7/22/14 10Q & 8K re: qtr ended 6/30/14
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:
7/25/14 10Q & 7/22/14 8K for qtr. ended 6/30/14
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:
8/4/14 & 8/1/14 8K & 7/17 8K re: qtr. ended 6/30/14
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:
8/6/14 2 8Ks re: terms of exchange offer re: Altel
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:
7/24/14 10Q & 7/24/14 8K re: qtr ended 6/30/14
7/23/14 8K re: quarterly div. of 40 cents payable 9/3 to record holders as of 8/15.
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


WalMart WMT:
7/24/14 8K re: election of Greg Foran as Pres/CEO of Walmart USA  to replace Bill Simon
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

ZE END


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