Monday, February 2, 2015

2/2/15 Mon. am Exxon Reports Results Mon.; Disney on Tues


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

Post No. 3,031 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 as of Feb. 1  and a summary of recent Dow 30 components'  SEC filings as of Feb. 1.

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 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 Friday's  closing   stock prices and related data in alphabetical order.

The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 17164.95 down 251.9 or 1.45%%  from Thursday's close of 17416.85. For the week the Dow was down 2.9%.  For the month the Dow was down 3.7%.  For the year the Dow is down 3.69%.  Of the Dow components only Visa   gained   and  29  declined. The  only and therefore biggest gainer dollar-wise and percentage-wise was Visa up $6.91 or 2.79%. The biggest decliner dollar-wise   was 3M down $3.65 and percentage-wise was Microsoft down 3.83%.

IBD pB8 "Market offers no shelter; even utilities take hits" by Paul Whitfield says Friday's action was down sharply in higher vol while the current outlook is uptrend under pressure.  4Q GDP report fell short.

As of the open of  the market on Monday the current divisor for the Dow Jones Industrial Average found at page C4 of  Monday's Wall St. Journal is 0.15571590501117.  Monday's trailing P/E   ratio is 16.35 down  from Friday's   trailing P/E ratio of 16.57 (last year it was 15.09).  Monday's P/E estimate is 15.83 up from Friday's P/E estimate of 15.58 (year ago it was 14.15) and  Monday's dividend yield is 2.54 up from  Friday's dividend yield of 2.50  (last year it was 2.20). The Dow's all-time high was 18053.71 on December 26,  2014. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average numerator is 2672.86 down 39.22  from  Thursday's   numerator of 2712.08.  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 $89.10 down $1.30 from Thursday's  average closing price of $90.40.  The median closing price of  Friday's Dow Jones Industrial Average was $86.13  (WMT/XOM) down $1.52 from Thursday's median closing price of $87.65 (XOM/WMT.  The lowest volume was  3M 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 lost  $3,922  ($271,208 - $267,286).

1/30/15 Fri. 4:16 pm MarketWatch by Anora Mahmudova  & Sara Sjolin says U.S. stocks ended a turbulent Friday trading session with big losses, as selling on Wall Street accelerated in the final hour. Investors grappled with downbeat gross domestic product data, less-than-stellar earnings that overshadowed a bounce in crude-oil futures.A slower-than-expected economic growth number resulted in a flight to quality, with investors flocking into havens such as Treasurys and gold and unloading equities. Crude oil prices swung higher Friday, settling at $48.24 a barrel, driven by a big drop in U.S. rig counts as producers responded to oversupply. Oil also got a boost as traders ended bets that the price of oil will see a continued slide. The main indexes ended January with the biggest monthly losses in a year, while also recording a weekly decline, which marked the fourth weekly drop out of past five. The S&P 500 SPX, -1.30%  closed down 26.26 points, or 1.3%, at 1,994.99. The benchmark index fell 2.8% last week and ended the month with a loss of 3.1%. Only the energy sector finished the day with gains, while nine other sectors slumped.The Dow Jones Industrial Average DJIA, -1.45%  dropped 251.90 points, or 1.5%, to 17,164.95. The blue-chip index declined 2.9% over the past week and lost 3.7% over the month. The Nasdaq Composite COMP, -1.03% ended the day down 48.17 points, or 1%, at 4,635.24. The tech-heavy index lost 2.6% over the week and ended the month 2.1% lower.Phil Orlando, chief equity strategist at Federated Investors, said that a big miss in the GDP number had sent investors into bonds and out of stocks.“The headline number was very disappointing, so investors are buying bonds and selling stocks because they think the economy is decelerating. However, this number is likely to be revised upwards,” said Orlando. Treasurys trimmed their gains, but the yield on the 10-year note, which moves inversely to prices, was still down 6 basis points at 1.7%, after hitting the lowest level since May 2013 earlier. “Despite what the Fed said in their statement on Wednesday, if such sub-trend growth persists, the Fed will not tighten in June,” Orlando said. Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management, struck a more optimistic tone about the GDP data.

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

AT&T:  No mentions found.

American Express:   No mentions found.

Boeing:  IBD pA2 "Boeing" says Boeing got orders from All Nippon Airways for 3 dreamliners and 5 737-800s in a deal worth $1.4 bil.

Caterpillar:  Barron's pM12  charts Caterpillar sayings its 4Q profit was down 25% due to drop in mining activity.

Chevron:  IBD pA1 "Chevron cuts 2015 spending" says Chevron's profit for the recent quarter was $3.5bil down 30% from a year ago and its lowest since the '09 recession.   Chevron had $6.5 bil from operations in 4Q down 38% a year ago but still above analysts' expectations.  Overall, Chevron had earnings of $3.47 bil or 1.85 a share down from $4.93 bil or 2.57 a year ago. 

Cisco:   No mentions found.

Coke:   No mentions found.

Disney:   Barron's p13 "Week preview" says on Monday Exxon reports results and on Tuesday Disney reports.

DuPont:   No mentions found.

Exxon:  Barron's p13 "Week preview" says on Monday Exxon reports results and on Tuesday Disney reports.

GE:  No mentions found.

Goldman Sachs:   No mentions found.

Home Depot:   No mentions found.

Intel:   No mentions found.

IBM:  
WSJ pB6 "IBM CEO Rometty to receive bonus of $3.6 mil" by Don Clark says this is per a recent SEC  filing.

JPMorgan: No mentions found.

Johnson & Johnson:   No mentions found.

McDonald's:  Barron's p7 "Perils of the Two-faced markets" by Randall W. Forsyth says consumers are focusing on food quality and animal welfare.

IBD pB2 "McD ousts CEO; shake shakes, Barron's "Week review" p12 say McDonald's CEO Don Thompson will be replaced by chief Brand Officer Steve Easterbrook on 3/1.

Merck:   No mentions found.

Microsoft:  BRNS p20 "Microsoft falls, Apple rises, but the search for value persists" by Tiernan Ray, BRN's pM12 charts Microsoft  & both articles say business software sales grew 5% in recent quarter, a slowdown but cloud based sales doubled, but remain small & a strong dollar will hurt Microsoft.

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.

UnitedHealthcare:   No mentions found.

Verizon:   No mentions found.

Visa:   No mentions found.

Walmart:   No mentions found.

Friday'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 Craig Menear (Atlanta, GA)

Intel INTC Brian M. Krzanich (Santa Clara, CA)

IBM Virginia M. Rometty (Armonk, NY)

JPMorgan Chase JPM Jamie Dimon (NY, NY)

Johnson & Johnson JNJ Alex Gorsky (New Brunswick, NJ)

McDonald's MCD Donald Thompson (to be replaced by Steve Easterbrook on 3/1) (Oak Brook, Ill)

Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)

Microsoft MSFT Satya Nadella (Redmond, WA)

Nike NKE Mark Parker (Beaverton, OR)

Pfizer PFE Ian Read (NY, NY)

Procter & Gamble PG A. G. Lafley (Cincinnati, OH)

3M MMM Inge Thulin (St. Paul, MN)

Travelers TRV Jay S. Fishman (NY, NY)

UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)

United Technologies UTX Greg Hayes (Hartford, CT)

Verizon VZ Lowell McAdam (NY, NY)

Visa V Charles W. Scharf (San Francisco, CA)

Wal-Mart WMT Doug McMillon (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 as of 1/2/15  ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $370.18
2. Microsoft MSFT 331.43
3. Johnson & Johnson JNJ 280.3
4. Wal-Mart WMT 273.91
5. GE 240.09
6. Procter & Gamble PG 227.63   
7.  JPMorgan Chase JPM 202.89
8. Pfizer PFE 196.90
9.  Chevron CVX 193.83
10. Verizon VZ 189.93
11. Coke KO 180.33
12.  Merck MRK 171.85
13.AT&T T 170.76
14. Visa V 160.15
15. Intel INTC 157.57  
16. Disney DIS 154.24
17. IBM 151.93
18. Home Depot HD 137.61 
19. Cisco CSCO 134.82
20. UnitedHealth UNH 103.38
21.  3M MMM 103.08 
22. United Technologies UTX 102.73  
23. Boeing BA 102.79 
24. McDonald's MCD 89.96   
25. American Express AXP 82.95
26. Nike NKE 79.70
27. Goldman Sachs GS 77.84
28. DuPont DD 64.44
29. Caterpillar CAT 48.45
30. Travelers TRV 33.13
****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/2/15  for the prior 90 day period:

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

AT&T T:
1/30/15 8K re: results of FCC wireless licenses auction
1/28/15 8K, 1/27/15 8K & 1/16/15 8K re: fin'l results of 4Qtr ended 12/31/14
1/22/15 8K re: credit agreement
12/19/14 8K re: amendment to Supplemental Employee Retirement Plan
12/2/14 8K re: closing of sale of Global Notes
11/10/14 2 10/A's & 10Q re: qtr. ended 9/10/14
11/10/14 8K re: closing of sale of Global Notes
11/7/14 8K re: increased of Board to 15 & election of William E. Kennardd & agrmt to buy Mexican wireless firm GSF telecom

American Express AXP:
1/21/15 8K re: 4Q fin'l results
1/15/15 8K re: delinq. & write-off delinq. stats. for 3 mos ended 12/31/14.
12/15/14 8K re: Delinq. & write-off stats for 3 mos. ended 11/30
12/5/14 8K re: issuance of Sub. Notes
12/4/14 8K re: retirement of Director Richard A. McGinn
11/17/14 8K re: delinq. & write off stats for 3 mos. ended 10/31
11/12/14 8K re: issuance of Series B Preferred Shares

Boeing BA:
1/27/15 8K re: 4Qtr fin'l results
12/19/14 8K re: retirement of Shephard W. Hill, Pres. of Boeing Int'l & Sr. VP, Bus. Dev/Strategy
12/15/14 8K re: increase of quarterly div & authorization of $12 bil share buyback

Caterpillar CAT:
1/27/15 8K re: 4Qtr fin'l results
1/26/15 8K re: 3 mos ended 12/31/14 retail sales stats
12/18/14 8K re: retirement of Group VPs Stuart L. Levenick & Steven H. Wunning
12/18/14 8K & 11/20/14 8K re: FD disclosures re: retail sales of machines & power systems
12/11/14 8K re: retirement of director Peter A. Magowan

Chevron CVX:
1/30/15 8K re: 4Qtr fin'l results
12/12/14 8K re: election of Alexander B. Cummings Jr. to Board
11/18/14 8K re: issuance of Floating Rate Notes
11/7/14 10Q for Qtr ended 9/30/14

Cisco CSCO:
12/19/14 & 12/18/14 8Ks re: Pre-arranged stock trading plan for execs
11/24/14 8K re: amendment to employee stock purchase plan
11/12/14 8K; 11/14/14 8K & 11/20/14 10Q re: results of 1 Qtr. ended 10/25/14

Coke KO:
12/11/14 8K re: increase Board to 17 & election of Marc Balland & David B. Weinberg

Disney DIS:
1/16/15 Def. 14A Proxy re: Annual Mtg. of Shareholders at 10 am 3/12/15 at Palace of Fine Arts, SF
12/23/14 8K re: adoption of Def. Comp. Plan
11/19/14 10K & 11/6/14 8K re: results of fiscal year ended 9/27/14
11/6/14 8K re: 4Qtr & FY ended 9/27/14

DuPont DD:
1/27/15, 1/15/15, 1/14/15, 1/13/15, 1/9/15 (five) 14A Proxy: re: Nelson Peltz's Train's proposal to break-up DuPont
1/12/15 8K re: 4Qtr fin'l results
12/18/14 8K re: FD disclosures re: presentation re: Performance Chemicals segment
12/18/14 8-K/A re: pre-tax charges re: restructuring plan

ExxonMobil XOM:
11/24/14 8K re: retirement of VP S.D. Pryor
11/5/14 10Q & 10/31/14 8K re: 3Qtr ended 9/30/14

GE:
1/23/15 8K re: 4Qtr fin'l results
11/10/1 8K re: incentive grant to CEO Jeffrey R. Immelt
11/4/14 10Q & 10/17/14 8K re: 3Qtr ended 9/30/14

Goldman Sachs GS:
1/23/15 8K re: issuance of notes
1/16/15 8K re: 4Qtr fin'l results
12/19/14 8K re: election to Board of Mark A. Flaherty & Mark D. winkelman
12/17/14 & 12/16/14 8Ks re: issuance of notes
11/5/14 10Q & 10/16/14 8K re: 3Qtr ended 9/30/14

Home Depot HD:
1/16/15 8K re: replacement of Chairman of Board Francis S. Blake with Craig A. Menear
11/25/14 10Q & 11/18/14 8K re: Qtr. ended 11/2/14
11/6/14 8K re: breach of payment data system

Intel INTC:
1/15/15 8K re: fin'l results of 4Qtr ended 12/27
12/16/14 8K re: trigger of  interest change on debentures
11/21/14 28Ks & 11/18/14 8K re: FD Disclosure re: Annual investor meeting
11/20/14 8K re: increase of quarterly div. & '15 Business Outlook

IBM:
1/30/15 8K re: compensation amounts for execs for 2014
1/21/15 & 1/20/15 8Ks re: 4Qtr ended 12/31/14 fin'l results
1/7/15 8K re: exec promotions and amendment to bylaws to increase Board to 14 & election of Peter R. Voser to Bd
12/8/14 8K re: retirement of Robert C. Weber sVP, Legal
11/25/14 8K re: issuance of debt securities
11/12/14 8K re: investors conference
11/5/14 8K re: underwriting contract with JPMorgan

JPMorgan Chase JPM:
1/23/15 8K re: closing of note offering
1/14/15 8Ks (two) re: 4Qtr fin'l results
12/9/14 8K re: close of public offering of Sub. Notes
11/12/14 8K re: payment of $1.01d bil to settle foreign exchange trading allegations
11/3/14 &  2 8Ks (10/14) re: 3Qtr ended 9/30/14

Johnson & Johnson JNJ:
1/20/15 8K re: 4Qtr ended 12/28/14 fin'l results
11/21/14 8K re: issuance of notes
11/10/14 8K re: closing of purchase of Alios BioPharma, Inc. for $1.75 bil

McDonald's MCD:
1/23/15 8K re: 4Qtr ended 12/31/14 fin'l results
12/8/14 8K re: Nov. '12 sales
11/12/14 8K re: Oct. '12 sales
11/3/14 10Q & 10/21/14 8K re: 3Qtr ended 9/30/14

Merck MRK:
11/10/14 10Q re: Qtr. ended 9/30/14

Microsoft MSFT:
1/26/15 10Q & 1/26/15 8K re: fin'l results for qtr ended 12/31/14
12/4/14 8K re: results of votes at 12/3 Annual Shareholders Meeting
11/14/14 Proxy Letter from Bd Chair John W. Thompson re: Annual Mtg

Nike NKE:
1/7/15 10Q & 12/2214 8K re: results of qtr ended 11/30
12/18/14 8K & 10/7/14 10Q re: results of Qtr. ended 11/30/14

Pfizer PFE:
1/27/15 8K re: 4Qtr fin'l results
11/6/14 10Q for quarter ended 9/28/14
11/6/14 10Q & 10/28/14 8K re: 3Qtr ended 9/28/14

Procter & Gamble PG:
1/27/15 10Q & 1/27/15 8K re: 2Qtr ended 12/31/14 fin'l results
1/13/15 8K re: quarterly div. of 0.6436 cents payable 2/17 to record holders as of close of business 1/23/15
12/22/14 8K re: changes to presentation of fin'l info due to sale of Duracell business
11/21/14 8K re: pre-arranged stock trading plan of CEO A.G. Lafley
11/13/14 8K re: '14 Analysts Mtg & sale of Duracell to Berkshire Hathaway
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

3M MMM:
1/31/15 8K re: 4Qtr fin'l results
12/16/14 8K re: dividend for 1Q '15 & '15 outlook
11/10/14 8K re: sale of Floating rate Notes

Travelers TRV:
1/22/15 8K re: qtr ended 12/31/14 fin'l results

United Technologies UTX:
1/26/15 8K re: 4Qtr fin'l results
1/23/15 8K re: separation agreement for ex-CEO Louis Chenevert
1/15/15 8K re: departure of exec Alain M. Bellemare
12/19/14 8K re: rejection of mini tender offer by TRC Capital
12/10/14 8K re: appointment of Akhil Johri, Sr. VP & CFO
11/24/14 Retirement of Louis Chenevert replaced by Gregory J. Hayes & election of Dir. Edward A. Kangas as Chairman of Bd. & appointment of Peter F. Longo as Acting CFO

UnitedHealth Group UNH:
1/21/15 8K re: 4Qtr fin'l results
12/8/14 8K re: sale of notes
12/1/14 8K re: annual investor conference
11/12/14 8K re: appointment of David S. Wichmann Pres/CFO & Larry Renfro as Vice-Chair
11/10/14 10Q for Qtr. ended 9/30/14

Verizon Communications Inc. VZ:
1/30/15 8K re: results of bidding for AWS-3 spectrum licenses in FCC auction
1/22/15 & 1/16/15 8Ks re: 4Qtr fin'l results
1/14/15 8K re: retirement from Board of Robert W. Lane
12/8/14 28Ks re: change of duties for Randal S. Milch EVP & GC
12/1/14 8K re: 4Q results
11/26/14 8K re: trading of shares in UK

Visa V:
1/29/15 10Q & 1/29/15 8K re: 1Qtr ended 2/31/14 fin'l results
1/29/15 8K, 1/21/15 Proxy & 1/14/15 Proxy  re: amendment of Cert of Incorp. for stock split
1/28/15 8K re: dividend of 48 cents payable 3/3 for record holders on 2/13
12/19/14 8K re: exec's pre-arranged stock trading plans
12/12/14 & 1/21/15  & 12/23/14 Proxies re: Annual Stockholders Meeting 1/28/15 8:30 am Crowne Plaza, Foster City, CA
11/21/14 10K for fiscal year ended 9/30/14

WalMart WMT:
12/16/14 8K re: latest ruling re: class action lawsuit in Phil for underpaying employees - Braun/Hummel v. Walmart
12/1/14 10Q & 11/13/14 8K re: quarter ended 10/31/14
11/24/14 8K re: election of Thomas W. Horton to Board

THAT'S MY FRIENDS


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