Wednesday, December 10, 2014

12/10/14 Wed. am AT&T & Verizon's Profits Suffer Due to Price War


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

Post No. 2,948 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  Wednesday'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 Tuesday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed  Tuesday at 17801.20 down 51.28 or 0.29%  from Monday's close of 17852.48. For the year the Dow is up 7.39%. Of the Dow components 8   gained  and 22  declined. The biggest gainer   dollar-wise  and percentage-wise was United Technologies up $1.94 or 1.72%.  The biggest decliner dollar-wise and percentage-wise was  Verizon down $1.98 or 4.05%.

WSJ pC4 "US stocks shake off overseas selloff" by Alexandra Scaggs, Shen Hong says  US stocks resisted a selloff as investors held fast in their optimism about US economic growth despite a steep global sell off.  Verizon fell $1.98 as it said the discounts to attract customers are pressuring profit.  AT&T is charted under Bad News as competition is hurting its margins.

NYT pB6 "US market steady after oil rebound, while foreign indexes fall" by AP says the market ended slightly lower Tues avoiding the sharp declines in Europe & Asia thanks to a rally in energy firms.

FT p25 "Wall street" by Richard Blackden, Eric Platt says US indices fell in early trading in NY as the market was rattled by China's efforts to ease its credit growth and a political crisis in Greece.

IBD pB5 "Indexes erase big losses; Nasdaq leads, up 0.5%" by Juan Carlos Arancibia says the market showed its not ready to roll over just yet as it bounced back from sharp losses Tues.  The current outlook is a confirmed uptrend.

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 16.96 down from yesterday's   trailing P/E ratio of 17.06  (last year it was 16.40).  Today's P/E estimate is 15.75 unchanged from Tuesday's P/E estimate of 15.75 (year ago it was 15.00) and today's dividend yield is 2.17 up from  Tuesday's dividend yield of 2.15  (last year it was 2.11). The Dow's all-time high was 17958.79 on December 5,  2014. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Tuesday's Dow Jones Industrial Average numerator is 2771.93 down 8.02  from  Monday's   numerator of 2779.91.  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 $92.40 down 26 cents from Monday's  average closing price of $92.66.  The median closing price of  Tuesday's Dow Jones Industrial Average was $92.16  (XOM/DIS) down 93 cent from Monday's median closing price of $93.09 (MCD/AXP). The lowest volume was   Travelers and the highest volume was AT&T.

If  Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs or dividends) and sold at the close you would have lost  $802  ($277,991 - $277,193).

12/9/14 Tues. 5:17  pm MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
The U.S. stock market staged a rebound on Tuesday but still ended the day lower, even after erasing steep opening losses sparked by China’s tightening of lending rules and Greece’s surprise elections announcement. The S&P 500 SPX, -0.02%   ended the session virtually flat at 2,059.88 after staging an impressive rebound from session lows. Small-cap stocks outperformed spectacularly, with the Russell 2000 RUT, +1.79%  gaining 1.8% to 1,188.06, while the Nasdaq Composite COMP, +0.54%  ended the session with a gain of 25.77 points, or 0.5% at 4,766.47.The Dow Jones Industrial Average DJIA, -0.29%  fell as much as 218 points, but finished 51.28 points, or 0.3%, lower at 17,801.20. Verizon Communications VZ, -4.05%   and AT&T T, -2.92%   were among top decliners, after Verizon warned of lower profit due to price wars with competitors.“While early activity looked like it was going to be another bearish day, clearer heads prevailed as bargain hunters stepped in about an hour after the open,” said Randy Frederick, managing director of trading & amp; derivatives at Schwab Center for Financial Research.The dip on the S&P 500 from its closing peak on Friday to a trough earlier today was about 2%. “We may see more of these volatility hiccups in the next couple of weeks as energy volatility continues, and events unfold in Greece,” Frederick added.Overseas news overshadowed speculation that the Federal Reserve may be close to pulling back its pledge to keep rates low, with yields falling amid a flight to quality. Hints of rising rates normally lead to selling of bonds and a jump in yields. “There has been a lot of euphoria since mid-October, even though everyone knew about deflation problems in Europe and Asia, it was not particularly new news. But once fear gripped investors, equities quickly sold off. The fact that Treasurys rising today points flight to quality, even in the face of the Wall Street Journal article that the Fed is likely to start raising rates next year,” said Joseph Saluzzi, co-founder and co-head of equity trading at Themis Trading, a brokerage firm.10-year Treasurys rallied, sending yields down to 2.20% while gold prices jumped nearly 3% on Tuesday. The CBOE Vix VIX, +4.79%   index which measures implied volatility on the S&P 500 jumped 7% above 15, highest level since October.The global equity selloff began in a dramatic day in Asia. The Shanghai Composite Index SHCOMP, -5.43%  swung from a 2.4% rise to a closing loss of 5.4%. China’s stocks, currency CNYUSD, +0.00%  and corporate bonds were hit hard after Beijing banned investors from using low-grade corporate debt as collateral to borrow cash.

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

AT&T: IBD pA5 "Verizon, AT&T say price war having impact" by Reinhardt Krause, WSJ pB3 "Among top wireless providers, an intensifying price war" by Thomas Gryta, WSJ pC4 "US stocks shake off overseas selloff" by Alexandra Scaggs, Shen Hong, FT p17 "Holiday bonanza takes toll on operators" by David Crow, UsAT p4B "Losers"  say  US stocks resisted a selloff as investors held fast in their optimism about US economic growth despite a steep global sell off.  Verizon fell $1.98 as it said the discounts to attract customers are pressuring profit.  AT&T is charted under Bad News as competition is hurting its margins.

American Express: No mentions found.

Boeing:  IBD pA2 "Boieng expects strong funding", WSJ pB4 "demand lifts jet financing" by Jon Ostrower, Robert Wall say Boeing is cutting production of its 747-8 as demand has ebbed for it.

Caterpillar:  No mentions found.

Chevron: No mentions found.

Cisco: No mentions found.

Coke: IBD pB11 "Pepsi taps trend with craft soda" by Nancy Gondo says Coke's 3Q was flat with sales slipping 1% to 4% in the prior 6 periods.

USAT p4B "Biggest Losers" charts Coke says it lost a court battle over Pepsi bottle.

Disney: No mentions found.

DuPont: No mentions found.

Exxon:  WSJ pB4 "Exon Mobil oil company backs view on global demand", AJC pA15 "Exxon sees ample oil, gas into future" by AP  say Exxon confirmed that global energy demand will growth 35% by '40.

GE: No mentions found.

Goldman Sachs: No mentions found.

Home Depot: No mentions found.

Intel: No mentions found.

IBM: No mentions found.

JPMorgan:  WSJ pC1 "New rules on risk hit JPMorgan hardest" by Victoria McGrane, NYT pB1 "With rule, Fed nudges big banks to shrink" by Peter Eavis, James Sterngold says 8 of the biggest US banks will need fatter capital cushions as part of regulators' latest efforts to make the fin'l system less risky and the biggest impact will be on JPMorgan which is $21 bil short of the requirement.

Johnson & Johnson: NYT pB1 "street drug gets a second look" by Andrew Pollack says JOhnson & Johnson is working on a spray mist for ketamine which could help treat depression.

McDonald's: No mentions found.

Merck:  WSJ pB6 "Merck stands by deal after patent setback" by Peter Loftus, IBD pA2 "Merck-Cubist deal going ahead", USAT p4B "Loser"   say Merck is criticized for overpaying for its planned $8.4 bil purchase of Cubist in list of a court ruling that could damage the saels potential for Cubist's top selling drug, Cubicin.

Microsoft: No mentions found.

Nike: No mentions found.

Pfizer: No mentions found.

Procter & Gamble: No mentions found.

3M: No mentions found.

Traveler: No mentions found.

United Technologies: No mentions found.

UnitedHealthcare: No mentions found.

Verizon: IBD pA5 "Verizon, AT&T say price war having impact" by Reinhardt Krause, WSJ pB3 "Among top wireless providers, an intensifying price war" by Thomas Gryta, WSJ pC4 "US stocks shake off overseas selloff" by Alexandra Scaggs, Shen Hong, FT p17 "Holiday bonanza takes toll on operators" by David Crow, USAT p4B "Losers"   say  US stocks resisted a selloff as investors held fast in their optimism about US economic growth despite a steep global sell off.  Verizon fell $1.98 as it said the discounts to attract customers are pressuring profit.  AT&T is charted under Bad News as competition is hurting its margins.

Visa: No mentions found.

Walmart: No mentions found.

Tuesday'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▼ 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 17958.79 up 58.69 or 0.33%  from Thursday's close of 17900.10.  For the week the Dow was up130.55  or 0.73% from last Friday's close of 17828.24. For the year the Dow is up 8.3%. Of the Dow components 20   gained  and 10  declined. The biggest gainer   dollar-wise was  Goldman Sachs up $3.50 and percentage-wise was JPMorgan up 2.15%.  The biggest decliner dollar-wise and percentage-wise was  Chevron down $1.41 or  1.26%.

IBD pB9 "Bulls like week's action, but small ball persists" by Paul Whitfield says Friday's action was up in rising vol while the current outlook is a confirmed uptrend.

Friday's Dow Jones Industrial Average numerator is 2796.47 up 9.14  from  Thursday's   numerator of 2787.33.  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  Friday's Dow Jones Industrial Average was $93.22 up 30 cents from Thursday's  average closing price of $92.92.  The median closing price of  Friday's Dow Jones Industrial Average was $93.79  (DIS/XOM) down 1 cent from Thursday's median closing price of $93.80 (XOM/DIS). The lowest volume was Travelers  and the highest volume was Microsoft.

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 made  $914  ($279,647 - $278,733).

12/5/14 Fri. 4:47  pm MarketWatch by Anora Mahmudova & Barbara Kollmeyer says
the S&P 500 and Dow Jones Industrial Average closed at record levels on Friday, wrapping a seventh straight week with gains. A surprisingly strong jobs report fueled Friday’s mostly modest, albeit record-setting, advance. The U.S. economy added 321,000 jobs in November, beating the consensus number by 86,000, while unemployment rates remained steady at 5.8%. With upward revisions to prior months, the payrolls number was far stronger than the consensus forecast by economists polled by MarketWatch, which called for 235,000 jobs. A string of robust job gains over the past several months is likely to prompt the Federal Reserve to speed up the rate hikes. Worries among investors that interest rates will rise sooner rather than later, have capped gains on Wall Street, according to Kim Forrest, senior portfolio manager at Fort Pitt Capital.The S&P 500 SPX, +0.17%  rose 3.45 points, or 0.2%, to close at 2,075.37, an all-time high. The gain on the benchmark were led by financials and health-care sector stocks, while energy and utilities sector shares lagged behind. The Dow Jones Industrial Average DJIA, +0.33% set an intraday high and came within 10 points of 18,000 level, but settled 58.60 points, or 0.3%, higher at 17,958.79. Gains in JPMorgan Chase and Goldman Sachs Group were the biggest among blue-chip stock gainers.The Russell 2000 RUT, +0.80%  outperformed large-caps again, adding 9.42 points, or 0.8%, to 1,182.42 and added 0.8% over the week. Meanwhile, the tech-heavy Nasdaq Composite COMP, +0.24%  added 11.32 points, or 0.2%, to 4,780.76. The index closed lower over the week.

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

AT&T:  No mentions found.

American Express:  No mentions found.

Boeing:  No mentions found.

Caterpillar:  No mentions found.

Chevron:  IBD pA1 "$150 Bil in oil projects at risk as prices continue collapsing" by Gillian Rich, Barron's p13 "Big oil, big opportunity" by Ben Levisohn say Chevron will be forced to cut back on the number of shares they repurchase.  Exxon and other oil stocks have lost a lot of value since the end of Sept.  Chevron's N. Sea project is uncertain.

Cisco: 

Coke:  No mentions found.

Disney:  Barron's p17 "Chasing stable growth" by Simon Constable says Roger Morley Portfolio Manger at MFS Investment  says Disney is not primarily a Hollywood studio subject to fickle audiences because of its valuable sports network ESPN with its long term contracts & dedicated audience.

DuPont:  No mentions found.

Exxon:   WSJ pC8 "Exxon and M&A: the crude abides" by Liam Denning says their are rumours hat Exxon and UK's BG Group may merge.

Barron's p13 "Big oil, big opportunity" Ben Levisohn says Chevron will be forced to cut back on the number of shares they repurchase.  Exxon and other oil stocks have lost a lot of value since the end of Sept.

GE:  No mentions found.

Goldman Sachs:  WSJ pA1 "Banks ask big firms to move out cash" by Kristen Grind, James Sterngold, Juliet Chung, WSJ pC1 "Big banks need more in the tank" by John Carney  say  Goldman Sachs & JPMorgan's bond trading operations saw a big increase in trading levels in Oct & Nov.

IBD pA7 "Bank stocks hit highs on jobs, dimon" by Ciaran McEvoy says JPMorgan hit a 14 1/2 year high intraday Friday.  Goldman Sachs rose 1.8%.

Home Depot:  No mentions found.

Intel:  No mentions found.

IBM:  No mentions found.

JPMorgan:    WSJ pA1 "Banks ask big firms to move out cash" by Kristen Grind, James Sterngold, Juliet Chung, WSJ pC1 "Big banks need more in the tank" by John Carney  say JPMorgan and other big banks are asking big customers in their US to take their cash elsewhere or be charged fees due to new regulations that make it onerous for them to hold certain deposits. 

WSJ pC8 "Trading wind again blows banks' way" by John Carney says Goldman Sachs & JPMorgan's bond trading operations saw a big increase in trading levels in Oct & Nov.

Johnson & Johnson:  No mentions found.

McDonald's:  USAT p1B "McDonald's slows its roll" by Bruce Horovitz says McDonnald's shares of US fast food hamburger chains' rev slipped below 50% last year.

Merck:  WSJ pB3 "Cancer drugs show promise" by Ron Winslow says Merck's Keytruda and nivolumab from Bristol Myers have show effectiveness against blood cancer Hodgkin Lymphoma in 2 small studies.

FT p17 "Merck's $8bn pursuit of Cubist reflects focus on neglected antibiotics market"

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:  Barron's p17 "Week preview" says United Technologies gives '15 guidance at its analyst meeting on Thurs. 12/11.

UnitedHealthcare:  No mentions found.

Verizon:  Barron's p34 "Video reinvents the web as the major scramble to cash in" by Tiernan Ray says Verizon and other carries are expanding their LTE wireless networks with speeds that will make live broadcast video viewing increasingly feasible through mobile devices.

Visa:  No mentions found.

Walmart

Friday'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▲ 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 Dow Jones Industrial Average closed  Monday at 17776.80 down 51.44 or 0.29%  from Friday's close of 17828.24.  For the year the Dow is up 7.2.%. Of the Dow components 7   gained and 23  declined. The biggest gainer   dollar-wise and percentage-wise was Chevron up $2.86 or 2.63%.  The biggest decliner dollar-wise was Boeing down $1.97 and percentage-wise was GE down 1.77%.

Monday's Dow Jones Industrial Average numerator is 2768.13 down 8.01  from  Friday's   numerator of 2776.14.  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  Monday's Dow Jones Industrial Average was $92.27 down 27 cents from Friday's  average closing price of $92.54.  The median closing price of  Monday's Dow Jones Industrial Average was $92.53  (XOM/DIS) up 6 cents from Friday's median closing price of $92.47 (AXP/DIS). The lowest volume was Travelers  and the highest volume was GE.

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  $801  ($277,614 - $276,813).

12/1/14 Mon. 4:07  pm MarketWatch by Anora Mahmudova says  U.S. stocks fell on Monday as disappointing economic data from China and Europe triggered a bout of selling in global equity markets. Weak Black Friday sales were also weighing on markets, especially on retailer stocks. The Nasdaq Composite saw its steepest drop in seven weeks, dragged down by big declines in tech giants such as Apple, Inc., Google Inc., Facebook Inc., and Alibaba. Energy and utility stocks were the only bright spots on Wall Street, rising in tandem with a spike in oil prices. The S&P 500 SPX, -0.68% closed 14.12 points, or 0.7%, lower at 2,053.44, its biggest one-day decline in more than 5 weeks. The Dow Jones Industrial Average DJIA, -0.29% shed 51.31 points, or 0.3%, to 17,776.93. The Nasdaq Composite COMP, -1.34% suffered its steepest drop in seven weeks, after dropping 64.28 points, or 1.3% to 4,727.35.

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

AT&T:

American Express:

Boeing:

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:

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▼ 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 Craig Menear (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 Greg Hayes (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 11/6/14 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $407.66
2. Microsoft MSFT 401.43
3. Johnson & Johnson JNJ 305.13
4. GE 264.63
5. Wal-Mart WMT 250.74
6. Procter & Gamble PG 240.22   
7.  JPMorgan Chase JPM 229.94
8. Chevron CVX 225.08
9.  Verizon VZ 208.65
10.  Pfizer PFE 190.48 
11. Coke KO 185.23
12.  AT&T T 180.02  
13. Merck MRK 170.94
14. Intel INTC 163.52
15.  IBM 159.79
16. Disney DIS 157.92
17. Visa V 157.12
18.  Home Depot HD 130.94 
19. Cisco CSCO 128.81
20. 3M MMM 100  
21.  United Technologies UTX 98.99  
22. American Express AXP 95.33
23. UnitedHealth UNH 94.48  
24. McDonald's MCD 92.95   
25. Boeing BA 88.82 
26. Goldman Sachs GS 86.48
27. Nike NKE 81.50
28. DuPont DD 63.53
29. Caterpillar CAT 61.71
30. Travelers TRV 33.77
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of close of business 11/6/14:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T:
10/24/14 8K re: completion of sale of Ct. wireline operations to Frontier Comm
3 8Ks (10/22; 10/22 & 9/30/14) re: 3Qtr result
8/1/14 10Q & 7/24/14 8K & 7/23/14 8K  re: qtr ended 6/30

American Express AXP:
10/28/14 10Q  & 10/15/14 8K re: 3Qtr results ended 9/30/14
10/15/14 8K re: delinq. & write-off stats for 3 months ended 9/30/14
9/30/14 8K re: appointment of Neal Sample as Pres., Enterprise Growth
9/15/14 8K re: delinq. & write-off stats for 3 months end 8/31/14
8/15/14 8K re: delinq. & write-off stats for 3 months end 7/31/14

Boeing BA:
10/31/14 8K re: issuance of senior notes
10/22/14 10Q & 10/22/14 8K re: 3Qtr results ended 9/30/14
10/16/14 8K re: credit agreements

Caterpillar CAT:
10/31/14 10Q & 10/23/14 8K re: 3Qtr results ended 9/30/14
10/22/14 8K re: sales to retail and OEM
10/14/14 8K re: retirement of Group Presidents Stuart Levenick & Steven Wunning
9/30/14 8K re: price changes
9/19/14 8K re: info re: retail sales of OEMs
9/16/14 8K re: credit agreement with Citibank up to $3.15 bil
8/20/14 8K re: rolling 3 month retail sales stats
8/1/14 10Q & 7/24/14 8K re: 2Q ended 6/30/14

Chevron CVX:
10/31/14 8K re: 3Qtr results
8/14/14 8K re: voluntary dismissal of shareholder derivative lawsuit
8/6/14 10Q & 8/1/14 8K & 7/10/14 8K re: 2Q ended 6/30/14

Cisco CSCO:
9/30/14 2 Proxy filings re: Annual Shareholde Meeting to be held 11/20/14 at 9am at Cisco Building, San Jose, CA
9/12/14 8K re: departure of director Marc Benioff & reduction of board to 10
9/9/14 10K & 8/13/14 8K re: results for year ended 7/26/14
8/14/14 8K re: restructuring plan & lay-offs of 6,000 or 8% of global workforce

Coke KO:
10/29/14 10Q & 10/21/14 8K re: 3Qtr ended 9/26/14
10/1/14 8K re: Guidelines for '14 Equity Plan
9/22/14 & 9/19/14 8Ks re: close of public offering of long term notes
8/20/14 8K re: purchase of 16.7% state in Monster

Disney DIS:
11/6/14 8K re: 4Qtr & FY ended 9/27/14
10/3/14 8K re: CEO Robert Iger's amended employment contract
8/5/14 10Q for quarter ended 6/28/14
8/5/14 & 8/5 8K re: 10Q for 3Qtr ended 6/28/14 

DuPont DD:
10/28/14 CEO letter to shareholders
10/28/14 & 10/28/14 8K re: 3Qtr ended 9/30/14
8/5/14 8K re: election of Ulf M.  Mark Scheider

ExxonMobil XOM:
11/5/14 10Q & 10/31/14 8K re: 3Qtr ended 9/30/14
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

GE:
11/4/14 10Q & 10/17/14 8K re: 3Qtr ended 9/30/14

Goldman Sachs GS:
11/5/14 10Q & 10/16/14 8K re: 3Qtr ended 9/30/14
10/23/14 8K re: legal opinion re: debt issuance
8/25/14 8K re: settlement with FHFA re: sale of residential mortgage backed securities to Fannie Mae & Freddie Mac
8/7/14 10Q & 7/15/14 8K re: 2Qtr ended 6/30/14

Home Depot HD:
11/6/14 8K re: breach of payment data system
10/20/14 8-K/A re: promotion of Craig A. Menear to CEO
10/14/14 8K re: resignation of Marvin R. Ellison, EVP
9/18/14 8K re: update on guidance due to data breach
9/8/14 8K re: breach od payment data systems
8/27/14 10Q & 8/19/14 8K results for quarter ended 8//14
8/21/14 8K re: election of Craig A. Menear as CEO &Pes. and Frank Blake taking on as chairman eff. 11/1/14 & amendment of by-laws to split CEO & Chairman positions

Intel INTC:
10/29/14 10Q & 10/14/14 8K re: 3rd Qtr ended 9/27/14
9/26/14 8K re: Intel investment in & collaboration with Tsinghua Unigroup

IBM:
11/5/14 8K re: underwriting contract with JPMorgan
10/28/14 10Q & 2 8Ks (10/20) re: 3Qtr ended 9/30/14
10/20/14 8K re: closing of Lenovo's purchase of IBM's x86 server business
10/20/14 8K re: sale of IBM's global comm'l semiconductor tech business to Globalfoundries
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

JPMorgan Chase JPM:
11/3/14 &  2 8Ks (10/14) re: 3Qtr ended 9/30/14
10/22/14 8K re: sale of 2.2% notes due '19
10/2/14 8K re: cyberattack
10/2/14 8K re: adjustment of warrant price
9/19/14 8K re: redemption of subord. notes
9/12/14 8K re: cyberattack vs. JPM
9/10/14 8K re: closing of public offering of $3 bil sub. notes due'24
8/4/14 10Q & 7/15/14 8K & 7/15/14 8K re: qtr. ended 6/30/14

Johnson & Johnson JNJ:
10/30/14 10Q & 10/14/14 8K re: 3Qtr ended 9/28/14
10/2/14 8K re: agreement to purchase Alios Biopharma
8/1/14 10Q & 7/15/14 8K re: Qtr ended 6/29/14

McDonald's MCD:
11/3/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/22/14 8K re: raising quarterly div. by 5% to 85 cents payable 12/15 to record holders 12/1
9/9/14 8K re: global sales decreased 3.7% in Aug.
8/27/14 8K re: salary increase of Pres. of Asia, Mid E. & Africa
8/22/14 8K re: election of Make Andres as Pres. - USA replacing Jeff Stratton eff. 10/15
8/11/14 8K re: global sales decreased 2.5% in July
8/4/14 & 7/22/14 & 7/18/14 8K re: qtr. ended 6/30/14

Merck MRK:
10/27/14 8K re: 3Qtr results
10/15/14 8K re: issuance of notes
10/2/14 8K re: completion of sale of Consumer Care Business to Bayer for 414.2 bil
9/29/14 8K re: 2Q results

Microsoft MSFT:
10/23/14 10Q & 10/23/14 8K re: 1Qtr ended 9/30/14
10/21/14 & 10/20/14 & 10/20/14 Proxy re: Annual Shareholder Mtg at 12/3/14 at 8 am at Meydenbauer ctr., Bellevue, WA
9/17/14 8K election of Teri List-Stoll & Charles W. Scharf  (CEO of Visa) to Board eff 10/1 & increase of Board to 12 & retirement from Board of Dave Marquadt & Dina Dublon
8/19/14 8K re: dividend increase to 31 cents up 11% payable 12/111 to holders on 11/20

Nike NKE:
10/7/14 10Q & 9/30/14 8K & 9/25/14 8K re: 1Qtr ended 8/31/14
9/23/14 8K re: results of annual shareholders meeting
Sec. 14A Proxy re: Annual Meeting of Shareholders to be held 9/18/14 at Tiger Woods Conf. center, Beaverton, Or.

Pfizer PFE:
11/6/14 10Q & 10/28/14 8K re: 3Qtr ended 9/28/14
8/7/14 10Q for qtr ended 6/29/14

Procter & Gamble PG:
11/4/14 8K re: closing of sale of floating rate notes due '64
11/3/14 8K re: sale of notes
11/3/14 re: Argentina regulatory problems re: taxes
10/24/14 10Q & 2 8Ks (10/24) 1Qtr ended 9/30/14
10/20/14 8K re: voting results of 10/14 Annual Mtg of Shareholders
10/14/14 8K re: dividend of 64 cents payable 11/17 to record holders on 10/24/14
8/29/14 Proxy re: 10/14/14 Annual Meeting of Shareholders at 9 a.m. at Duke Energy Convention Ctr. Cincinnati,Oh
8/8/14 10K for yr. ended 6/30/14
8/1/14  2 8Ks re: 4Q results

3M MMM:
10/30/14 10Q & 10/23/14 8K re: 3Qtr ended 9/30/14
8/12/14 8K re: election of Sandra Barbour to Board
8/8/14 8K re: $2.25 bil 5 yr. revolving credit agreement with JPMorgan
7/31/14 10Q & 7/24/14 re: qtr. ended 6/30/14

Travelers TRV:
10/21/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/10/14 2 8Ks re: realignment of 2 of 3 business segments
8/11/14 8K re: amendment to bylaws re: timing of shareholder proposals

United Technologies UTX:
10/24/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14

UnitedHealth Group UNH:
10/16/14 8K re: 3Qtr results
9/12/14 8K re: FD disclosures re: presentation at Merrill Global Healthcare Conf. London 9/17
9/5/14 8K re: FD disclosure re: presentation at Morgan Stanley Healthcare Conf. NYC 9/9
8/4/14 & 8/1/14 8K & 7/17 8K re: qtr. ended 6/30/14

Verizon Communications Inc. VZ:
10/28/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14
9/11/14 8K re: strong customer  growth
9/4/14 8K/A committee Board assignments for Dir. Shellye L. Archambeau
8/20/14 8K re: results of exchange offer of Verizon/Alltel securities
8/6/14 2 8Ks re: terms of exchange offer re: Alltel

Visa V:
10/29/14 8K re: 4Qtr & full year ended 9/30/14 results
10/22/14 8K re: 1/28/15 Annual Stockholders Mtg & dividend of 48 cents payable 12/2 to record holders on 11/14/14
9/24/14 8K re: new conversion rate of Class B Common
9/11/14 8K re: deposit of $450 mil in litigation escrow account

WalMart WMT:
10/30/14 8K re: Closing of Walmart Seiyu stores in Japan
10/17/14 8K re: issuance of notes
9/29/14 8K re: election to Bd. of Instagram CEO & Founder Kevin Systrom
9/5/14 10Q & 8/14/14 8K re: results for qtr ended 7/31/14

FINISHED


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