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Post No. 1,466 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
The Dow Jones Industrial Average closed Thursday at 12,890.46 up 6.51 or 0.04% from Wednesday's close of 12,883.95. Of the 30 Dow components 13 gained, Verizon was unchanged and 16 declined. The biggest gainer dollar-wise and percentage-wise was United Technologies UTX $83.78 +2.04 2.5% 8,799,207 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $112.83 -1.21 1.06% 7,518,664 NYSE and percentage-wise was Cisco CSCO $20 -0.43 2.1% 130,661,190 NASDAQ-GS..
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.39 down from yesterday's trailing P/E ratio of 14.40 (year ago it was 14.95); today's P/E estimate is 12.30 unchanged from Wednesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.50 up from yesterday's dividend yield of 2.49 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,703.21 up 0.86 from Wednesday's closing numerator of 1,702.35. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $56.77 up $0.03 from Wednesday's average closing price of $56.74. The median closing price of Thursday's Dow Jones Industrial Average was $48.67 (AXP/HD) up $0.26 from Wednesday's median closing price of $48.41. The lowest volume was Travelers TRV $59.89 +0.04 0.07% 2,031,337 NYSE and the highest volume again was Bank of America BAC $8.18 +0.05 0.62% 476,343,575 NYSE.
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) and sold at the close you would have made $86 ($170,321 - $170,235).
MarketWatch Thursday 2/9/12 4:12 pm by Laura Mandaro Gibson says U.S. stocks gained for a third day Thursday, keeping the indexes at multi-year highs, after U.S. jobless claims dipped and Greece reached an austerity deal that should lead to a new round of international aid. The Dow Jones Industrial Average DJIA +0.05% gained 6.51 points, or 0.1%, to 12,890.46, its highest close since May 2008. The S&P 500 SPX +0.15% rose 1.99 points, or 0.2%, to 1,351.95, its highest since July 2011. And the Nasdaq Composite COMP +0.39% gained 11.37 points, or 0.4%, to 2,927.23, its highest since December 2000.
Thursday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.99 -0.03 0.1% 17,961,381 NYSE
AlcoaAA $10.64 -0.03 0.28% 20,424,769 NYSE
American Express AXP $52.31 +0.67 1.3% 7,212,962 NYSE
Bank of America BAC $8.18 +0.05 0.62% 476,343,575 NYSE
Boeing BA $75.9 +0.44 0.58% 4,487,146 NYSE
Caterpillar CAT $112.83 -1.21 1.06% 7,518,664 NYSE
Chevron CVX $106.37 -0.39 0.37% 4,746,320 NYSE
Cisco CSCO $20 -0.43 2.1% 130,661,190 NASDAQ-GS
Coke KO $67.97 -0.36 0.53% 8,077,180 NYSE
Disney DIS $41.53 +0.26 0.63% 13,543,474 NYSE
DuPont DD $52.06 +0.41 0.79% 3,737,230 NYSE
Exxon XOM $84.88 -0.44 0.52% 17,050,150 NYSE
GE $19.13 -0.11 0.57% 30,374,423 NYSE
Hewlett-Packard HPQ $29.11 -0.35 1.19% 15,980,614 NYSE
Home Depot HD $45.27 +0.10 0.22% 5,303,210 NYSE
Intel INTC $26.86 +0.01 0.04% 35,480,360 NASDAQ-GS
IBM $193.13 +0.18 0.09% 3,853,686 NYSE
JPMorgan JPM $37.86 -0.44 1.15% 27,421,347 NYSE
Johnson & Johnson JNJ $64.908 -0.332 0.51% 10,381,722 NYSE
Kraft KFT $38.64 +0.10 0.26% 4,787,369 NYSE
McDonald's MCD $99.99 -0.06 0.06% 3,592,409 NYSE
Merck MRK $38.15 -0.27 0.7% 9,564,376 NYSE
MSFT $30.77 +0.11 0.36% 50,068,914 NASDAQ-GS
Pfizer PFE $21.14 +0.13 0.62% 28,833,612 NYSE
Procter & Gamble PG $64.04 +0.40 0.63% 9,091,952 NYSE
MMM $88.02 +0.05 0.06% 3,027,604 NYSE
Travelers TRV $59.89 +0.04 0.07% 2,031,337 NYSE
United Technologies UTX $83.78 +2.04 2.5% 8,799,207 NYSE
Verizon VZ $37.92 unch unch 8,729,572 DualListed
Walmart WMT $61.96 +0.34 0.55% 6,389,611 NYSE
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The following are excerpts from Thursday morning's Blog.
A read of the print editions of Thursday's Wall St. 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 symbol and Wednesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 12,883.95 up 5.75 or 0.04% from Tuesday's close of 12,878.2. For the year the Dow is up 5.45%. Of the 30 Dow components 15 gained, 2 were unchanged and 13 declined. The biggest gainer dollar-wise was United Technologies UTX $81.74 +1.46 1.82% 6,906,158 NYSE and percentage-wise was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE. The biggest decliner dollar-wise and percentage-wise was Exxon XOM $85.32 -1.02 1.18% 14,705,188 NYSE.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
NYT pB9 "Investor confidence keeps Dow near 4 year high" by Reuters says stocks closed flat in a thinly traded session on Wed as Greece remained at a standstill over accepting reforms in exchange for a bailout crucial to avoiding a default.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
Inv. Bus. Daily pA1 "Stocks showing constructive action" by Paul Whitfield says stocks on Wed tacked on a 3rd day in a row of small gains and constructive action as Wed's action was up in rising volume and the current outlook is the market is in a confirmed uptrend.
Wednesday's Dow Jones Industrial Average closing numerator was 1,702.35 up 0.76 from Tuesday's closing numerator of 1,701.59. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.74 up $0.02 from Tuesday's average closing price of $56.72. The median closing price of Wednesday's Dow Jones Industrial Average was $48.41 (AXP/HD) down $0.13 from Tuesday's median closing price of $48.54. The lowest volume was 3M MMM $87.97 +0.08 0.09% 2,513,445 NYSE and the highest volume again was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE.
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) and sold at the close you would have made $76 ($170,235 - $170,159).
MarketWatch Wednesday 2/8/12 4:41 pm by Kate Gibson says U.S. stocks ended with mild gains on Wednesday after a news report that Greece had drafted a new financing deal with the European Union and International Monetary Fund.
“The issue we’ve been dealing with for weeks is when do we get something signed, sealed and delivered,” David Kelly, chief market strategist at J.P. Morgan Funds, said of the market’s muted reaction. “We continue to get assured by people in Europe that a deal will get done, so to some extend a deal is already priced into the market.” Greece will commit to permanent spending cuts that include reduced pension payments and a 20% cut in the minimum wage, according to a letter of intent obtained by Bloomberg News. Any deal in the works is a “euphemism for default. The tragedy of this is Europe continues to insist on short-term austerity, which only makes the Greek economy worse,” said Kelly, arguing Europe at large would reap far greater economic good by offering aid in the form of an outright grant to jump-start the Greek and other peripheral European economies. After veering between gains and losses, the Dow Jones Industrial Average DJIA +0.04% finished with a 5.75-point gain at 12,883.95. The S&P 500 Index SPX +0.22% added 2.91 points, or 0.2%, to 1,349.96, with financial firms performing best and energy the worst among its 10 industry groups. The Nasdaq Composite Index COMP +0.41% rose 11.78 points, or 0.4%, to 2,915.86. For every three stocks falling four gained on the New York Stock Exchange, where volume topped 765 million. Composite volume neared 4.1 billion. Caesars Entertainment Corp. CZR +71.00% nearly doubled in its trading debut, with shares of the casino chain up 71% to $15.39 apiece. “There is a huge amount of money sitting on the sidelines, 10-year Treasury yields are low and unattractive, so investors ought to be moving some money into equities, so it’s a slow march upward as investors gradually become less nervous,” said Kelly of the lackluster trading volume. Oil prices trimmed their rise after the U.S. Energy Department reported supplies rose last week, with the crude-futures contract for March delivery CL2H +0.71% adding 30 cents to $98.71 a barrel. The euro erased a gain versus the dollar EURUSD +0.00% to trade nearly unchanged at $1.3262 on concern that Greek Prime Minister Lucas Papademos and coalition party leaders might not come to terms necessary for another round of rescue funds. The ECB is ready to exchange its holdings of Greek government bonds to help reduce Greek’s debt load, people briefed on the matter told Dow Jones on Tuesday. Treasury prices were near neutral after the government sold $24 billion of 10-year notes, with the yield on the benchmark 10-year note 10_YEAR +0.56% at 1.977%. Gold lost ground after rising 1.4% the prior session, with futures for April delivery /quotes/zigman/660065 GC2J -0.70% off $17.10, or 1%, to settle at $1,731.30 an ounce on the Comex division of the New York Mercantile Exchange. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions.”
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.02 -0.02 0.07% 20,038,319 NYSE: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Alcoa AA
$10.67 unch unch 26,973,864 NYSE: No mentions found.
American Express AXP
$51.64 -0.49 0.94% 6,045,083 NYSE: No mentions found.
Bank of America BAC
$8.13 +0.28 3.57% 424,896,414 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
Boeing BA
$75.46 +0.26 0.35% 5,338,090 NYSE: AJC pA14 "Inspection of cracks on Airbus A380 expands" says this follows Tuesday's news that Boeing was grappling with minor defects in its 787 Dreamliner.
Caterpillar CAT
$114.04 +0.23 0.2% 4,090,222 NYSE: No mentions found.
Chevron CVX
$106.76 -0.07 0.07% 5,358,895 NYSE: No mentions found.
Cisco CSCO
$20.43 +0.23 1.14% 82,605,798 NASDAQ-GS: WSJ pB5 "Cisco's profit up amid restructuirng" by Ben Worthen, NYT pB7 "Cuts help Cisco beat analysts' expectations" by Quentin Hardy,Inv. Bus. Daily pA1 & Pa4"Iisco A2 adds ammo to rebound" by Pete Barlas, AJC pA14 "Cisco's net income rockets up 44%" say Cisco's net income was $2.2 bil in 2Q ending 1/28 vs $1.5 bil a year ago. Adjusted, Cisco earned 47 cents per share on rev of $11.5 bil up 11% from a year earlier.
Coke KO
$68.33 -0.22 0.32% 8,152,934 NYSE: No mentions found.
Disney DIS
$41.27 +0.29 0.71% 21,657,702 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
DuPont DD
$51.65 +0.04 0.08% 2,884,911 NYSE: No mentions found.
Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
GE
$19.24 +0.06 0.31% 33,440,024 NYSE: No mentions found.
Hewlett-Packard HPQ
$29.46 +0.51 1.76% 13,013,848 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Home Depot HD
$45.17 -0.29 0.64% 7,523,501 NYSE: No mentions found.
Intel INTC
$26.85 +0.21 0.79% 36,924,827 NASDAQ-GS: No mentions found.
IBM
$192.95 -0.40 0.21% 3,785,084 NYSE: No mentions found.
JPMorgan JPM
$38.3 +0.43 1.14% 22,959,963 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
Johnson & Johnson JNJ
$65.24 -0.02 0.03% 6,825,468 NYSE: No mentions found.
Kraft KFT
$38.54 +0.03 0.08% 5,992,333 NYSE: No mentions found.
McDonald's MCD
$100.05 -0.86 0.85% 5,416,135 NYSE: WSJ pB7 "McDonald's Jan sales jumped boosted by beverages" by Melodie Warner, AJC pA14 "Breakfast food, McBites help boost rev" say rev in restaurants open 13 months rose 6.7% in Jan beating expectations by 0.2%.
Merck MRK
$38.42 -0.21 0.54% 11,283,781 NYSE: No mentions found.
Microsoft MSFT
$30.66 +0.31 1.02% 49,486,107 NASDAQ-GS: WSJ pB5 "US to clear Google's deal" by Tom Catan says the US Justice Dept will clear Google's $12.5 bil purchase of Motorola Mobility Holdings and will allow a consortium of tech firms including Microsoft to acquire a trove of patents from bankrupt Canadian telecom equip maker Nortel Networks for $4.5 bil.
WSJ pB5 "Decline in PC shipments persists, Microsoft says" by Steve Jones says Microsoft warned that the decline in PC shipments will persist into the spring due to the flooding in Thailand which reduced the supply of computer components.
Pfizer PFE
$21.01 -0.04 0.19% 34,138,338 NYSE: No mentions found.
Procter & Gamble PG
$63.64 -0.06 0.09% 8,142,150 NYSE: WSJ pc10 "Walnuts leave Diamond in the rough" by John Jannarone, WSJ pA1 "Snack CEO ousted in accounting inquiry" by Emily Glazer say Diamond removed 2 top execs, the CEO & CFO, and restated earnings and will add $60 mil in payments to walnuts growers in its '11 fiscal year which casts serious doubt on Diamond's plan to buy Pringles from Procter & Gamble.
3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE: WSJ pB3 "3M taps 33-year vet and COO Inge Thulin as CEO, Fin Times p14 Thulin to succeed Buckley as 3M chief exec" by Jeremy LemerAJC pA14 "3M picks COO as new ceo" say on June 1 George Buckley will retire and be replaced by COO Inge Thulin effective 2/24.
Travelers TRV
$59.85 +0.11 0.18% 2,595,973 NYSE: No mentions found.
United Technologies UTX
$81.74 +1.46 1.82% 6,906,158 NYSE: No mentions found.
Verizon VZ
$37.92 unch unch 9,459,142 DualListed: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Walmart WMT
$61.62 -0.07 0.11% 7,243,463 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM Inge Thulin replaces George W. Buckley on 2/24(St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
Thursday, February 9, 2012
2/9/12 Thurs am Cisco's Profits up 44%; 3M Has New CEO,; McDona'lds Salres up 6.7%
www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,465 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
A read of the print editions of Thursday's Wall St. 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 symbol and Wednesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 12,883.95 up 5.75 or 0.04% from Tuesday's close of 12,878.2. For the year the Dow is up 5.45%. Of the 30 Dow components 15 gained, 2 were unchanged and 13 declined. The biggest gainer dollar-wise was United Technologies UTX $81.74 +1.46 1.82% 6,906,158 NYSE and percentage-wise was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE. The biggest decliner dollar-wise and percentage-wise was Exxon XOM $85.32 -1.02 1.18% 14,705,188 NYSE.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
NYT pB9 "Investor confidence keeps Dow near 4 year high" by Reuters says stocks closed flat in a thinly traded session on Wed as Greece remained at a standstill over accepting reforms in exchange for a bailout crucial to avoiding a default.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
Inv. Bus. Daily pA1 "Stocks showing constructive action" by Paul Whitfield says stocks on Wed tacked on a 3rd day in a row of small gains and constructive action as Wed's action was up in rising volume and the current outlook is the market is in a confirmed uptrend.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.39 down from yesterday's trailing P/E ratio of 14.40 (year ago it was 14.95); today's P/E estimate is 12.30 unchanged from Wednesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.50 up from yesterday's dividend yield of 2.49 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,702.35 up 0.76 from Tuesday's closing numerator of 1,701.59. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.74 up $0.02 from Tuesday's average closing price of $56.72. The median closing price of Wednesday's Dow Jones Industrial Average was $48.41 (AXP/HD) down $0.13 from Tuesday's median closing price of $48.54. The lowest volume was 3M MMM $87.97 +0.08 0.09% 2,513,445 NYSE and the highest volume again was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE.
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) and sold at the close you would have made $76 ($170,235 - $170,159).
MarketWatch Wednesday 2/8/12 4:41 pm by Kate Gibson says U.S. stocks ended with mild gains on Wednesday after a news report that Greece had drafted a new financing deal with the European Union and International Monetary Fund.
“The issue we’ve been dealing with for weeks is when do we get something signed, sealed and delivered,” David Kelly, chief market strategist at J.P. Morgan Funds, said of the market’s muted reaction. “We continue to get assured by people in Europe that a deal will get done, so to some extend a deal is already priced into the market.” Greece will commit to permanent spending cuts that include reduced pension payments and a 20% cut in the minimum wage, according to a letter of intent obtained by Bloomberg News. Any deal in the works is a “euphemism for default. The tragedy of this is Europe continues to insist on short-term austerity, which only makes the Greek economy worse,” said Kelly, arguing Europe at large would reap far greater economic good by offering aid in the form of an outright grant to jump-start the Greek and other peripheral European economies. After veering between gains and losses, the Dow Jones Industrial Average DJIA +0.04% finished with a 5.75-point gain at 12,883.95. The S&P 500 Index SPX +0.22% added 2.91 points, or 0.2%, to 1,349.96, with financial firms performing best and energy the worst among its 10 industry groups. The Nasdaq Composite Index COMP +0.41% rose 11.78 points, or 0.4%, to 2,915.86. For every three stocks falling four gained on the New York Stock Exchange, where volume topped 765 million. Composite volume neared 4.1 billion. Caesars Entertainment Corp. CZR +71.00% nearly doubled in its trading debut, with shares of the casino chain up 71% to $15.39 apiece. “There is a huge amount of money sitting on the sidelines, 10-year Treasury yields are low and unattractive, so investors ought to be moving some money into equities, so it’s a slow march upward as investors gradually become less nervous,” said Kelly of the lackluster trading volume. Oil prices trimmed their rise after the U.S. Energy Department reported supplies rose last week, with the crude-futures contract for March delivery CL2H +0.71% adding 30 cents to $98.71 a barrel. The euro erased a gain versus the dollar EURUSD +0.00% to trade nearly unchanged at $1.3262 on concern that Greek Prime Minister Lucas Papademos and coalition party leaders might not come to terms necessary for another round of rescue funds. The ECB is ready to exchange its holdings of Greek government bonds to help reduce Greek’s debt load, people briefed on the matter told Dow Jones on Tuesday. Treasury prices were near neutral after the government sold $24 billion of 10-year notes, with the yield on the benchmark 10-year note 10_YEAR +0.56% at 1.977%. Gold lost ground after rising 1.4% the prior session, with futures for April delivery /quotes/zigman/660065 GC2J -0.70% off $17.10, or 1%, to settle at $1,731.30 an ounce on the Comex division of the New York Mercantile Exchange. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions.”
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.02 -0.02 0.07% 20,038,319 NYSE: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Alcoa AA
$10.67 unch unch 26,973,864 NYSE: No mentions found.
American Express AXP
$51.64 -0.49 0.94% 6,045,083 NYSE: No mentions found.
Bank of America BAC
$8.13 +0.28 3.57% 424,896,414 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
Boeing BA
$75.46 +0.26 0.35% 5,338,090 NYSE: AJC pA14 "Inspection of cracks on Airbus A380 expands" says this follows Tuesday's news that Boeing was grappling with minor defects in its 787 Dreamliner.
Caterpillar CAT
$114.04 +0.23 0.2% 4,090,222 NYSE: No mentions found.
Chevron CVX
$106.76 -0.07 0.07% 5,358,895 NYSE: No mentions found.
Cisco CSCO
$20.43 +0.23 1.14% 82,605,798 NASDAQ-GS: WSJ pB5 "Cisco's profit up amid restructuirng" by Ben Worthen, NYT pB7 "Cuts help Cisco beat analysts' expectations" by Quentin Hardy,Inv. Bus. Daily pA1 & Pa4"Iisco A2 adds ammo to rebound" by Pete Barlas, AJC pA14 "Cisco's net income rockets up 44%" say Cisco's net income was $2.2 bil in 2Q ending 1/28 vs $1.5 bil a year ago. Adjusted, Cisco earned 47 cents per share on rev of $11.5 bil up 11% from a year earlier.
Coke KO
$68.33 -0.22 0.32% 8,152,934 NYSE: No mentions found.
Disney DIS
$41.27 +0.29 0.71% 21,657,702 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
DuPont DD
$51.65 +0.04 0.08% 2,884,911 NYSE: No mentions found.
Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
GE
$19.24 +0.06 0.31% 33,440,024 NYSE: No mentions found.
Hewlett-Packard HPQ
$29.46 +0.51 1.76% 13,013,848 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Home Depot HD
$45.17 -0.29 0.64% 7,523,501 NYSE: No mentions found.
Intel INTC
$26.85 +0.21 0.79% 36,924,827 NASDAQ-GS: No mentions found.
IBM
$192.95 -0.40 0.21% 3,785,084 NYSE: No mentions found.
JPMorgan JPM
$38.3 +0.43 1.14% 22,959,963 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
Johnson & Johnson JNJ
$65.24 -0.02 0.03% 6,825,468 NYSE: No mentions found.
Kraft KFT
$38.54 +0.03 0.08% 5,992,333 NYSE: No mentions found.
McDonald's MCD
$100.05 -0.86 0.85% 5,416,135 NYSE: WSJ pB7 "McDonald's Jan sales jumped boosted by beverages" by Melodie Warner, AJC pA14 "Breakfast food, McBites help boost rev" say rev in restaurants open 13 months rose 6.7% in Jan beating expectations by 0.2%.
Merck MRK
$38.42 -0.21 0.54% 11,283,781 NYSE: No mentions found.
Microsoft MSFT
$30.66 +0.31 1.02% 49,486,107 NASDAQ-GS: WSJ pB5 "US to clear Google's deal" by Tom Catan says the US Justice Dept will clear Google's $12.5 bil purchase of Motorola Mobility Holdings and will allow a consortium of tech firms including Microsoft to acquire a trove of patents from bankrupt Canadian telecom equip maker Nortel Networks for $4.5 bil.
WSJ pB5 "Decline in PC shipments persists, Microsoft says" by Steve Jones says Microsoft warned that the decline in PC shipments will persist into the spring due to the flooding in Thailand which reduced the supply of computer components.
Pfizer PFE
$21.01 -0.04 0.19% 34,138,338 NYSE: No mentions found.
Procter & Gamble PG
$63.64 -0.06 0.09% 8,142,150 NYSE: WSJ pc10 "Walnuts leave Diamond in the rough" by John Jannarone, WSJ pA1 "Snack CEO ousted in accounting inquiry" by Emily Glazer say Diamond removed 2 top execs, the CEO & CFO, and restated earnings and will add $60 mil in payments to walnuts growers in its '11 fiscal year which casts serious doubt on Diamond's plan to buy Pringles from Procter & Gamble.
3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE: WSJ pB3 "3M taps 33-year vet and COO Inge Thulin as CEO, Fin Times p14 Thulin to succeed Buckley as 3M chief exec" by Jeremy LemerAJC pA14 "3M picks COO as new ceo" say on June 1 George Buckley will retire and be replaced by COO Inge Thulin effective 2/24.
Travelers TRV
$59.85 +0.11 0.18% 2,595,973 NYSE: No mentions found.
United Technologies UTX
$81.74 +1.46 1.82% 6,906,158 NYSE: No mentions found.
Verizon VZ
$37.92 unch unch 9,459,142 DualListed: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Walmart WMT
$61.62 -0.07 0.11% 7,243,463 NYSE: No mentions found.
******************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM Inge Thulin replaces George W. Buckley on 2/24(St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,465 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
A read of the print editions of Thursday's Wall St. 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 symbol and Wednesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 12,883.95 up 5.75 or 0.04% from Tuesday's close of 12,878.2. For the year the Dow is up 5.45%. Of the 30 Dow components 15 gained, 2 were unchanged and 13 declined. The biggest gainer dollar-wise was United Technologies UTX $81.74 +1.46 1.82% 6,906,158 NYSE and percentage-wise was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE. The biggest decliner dollar-wise and percentage-wise was Exxon XOM $85.32 -1.02 1.18% 14,705,188 NYSE.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
NYT pB9 "Investor confidence keeps Dow near 4 year high" by Reuters says stocks closed flat in a thinly traded session on Wed as Greece remained at a standstill over accepting reforms in exchange for a bailout crucial to avoiding a default.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
Inv. Bus. Daily pA1 "Stocks showing constructive action" by Paul Whitfield says stocks on Wed tacked on a 3rd day in a row of small gains and constructive action as Wed's action was up in rising volume and the current outlook is the market is in a confirmed uptrend.
As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.39 down from yesterday's trailing P/E ratio of 14.40 (year ago it was 14.95); today's P/E estimate is 12.30 unchanged from Wednesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.50 up from yesterday's dividend yield of 2.49 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,702.35 up 0.76 from Tuesday's closing numerator of 1,701.59. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.74 up $0.02 from Tuesday's average closing price of $56.72. The median closing price of Wednesday's Dow Jones Industrial Average was $48.41 (AXP/HD) down $0.13 from Tuesday's median closing price of $48.54. The lowest volume was 3M MMM $87.97 +0.08 0.09% 2,513,445 NYSE and the highest volume again was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE.
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) and sold at the close you would have made $76 ($170,235 - $170,159).
MarketWatch Wednesday 2/8/12 4:41 pm by Kate Gibson says U.S. stocks ended with mild gains on Wednesday after a news report that Greece had drafted a new financing deal with the European Union and International Monetary Fund.
“The issue we’ve been dealing with for weeks is when do we get something signed, sealed and delivered,” David Kelly, chief market strategist at J.P. Morgan Funds, said of the market’s muted reaction. “We continue to get assured by people in Europe that a deal will get done, so to some extend a deal is already priced into the market.” Greece will commit to permanent spending cuts that include reduced pension payments and a 20% cut in the minimum wage, according to a letter of intent obtained by Bloomberg News. Any deal in the works is a “euphemism for default. The tragedy of this is Europe continues to insist on short-term austerity, which only makes the Greek economy worse,” said Kelly, arguing Europe at large would reap far greater economic good by offering aid in the form of an outright grant to jump-start the Greek and other peripheral European economies. After veering between gains and losses, the Dow Jones Industrial Average DJIA +0.04% finished with a 5.75-point gain at 12,883.95. The S&P 500 Index SPX +0.22% added 2.91 points, or 0.2%, to 1,349.96, with financial firms performing best and energy the worst among its 10 industry groups. The Nasdaq Composite Index COMP +0.41% rose 11.78 points, or 0.4%, to 2,915.86. For every three stocks falling four gained on the New York Stock Exchange, where volume topped 765 million. Composite volume neared 4.1 billion. Caesars Entertainment Corp. CZR +71.00% nearly doubled in its trading debut, with shares of the casino chain up 71% to $15.39 apiece. “There is a huge amount of money sitting on the sidelines, 10-year Treasury yields are low and unattractive, so investors ought to be moving some money into equities, so it’s a slow march upward as investors gradually become less nervous,” said Kelly of the lackluster trading volume. Oil prices trimmed their rise after the U.S. Energy Department reported supplies rose last week, with the crude-futures contract for March delivery CL2H +0.71% adding 30 cents to $98.71 a barrel. The euro erased a gain versus the dollar EURUSD +0.00% to trade nearly unchanged at $1.3262 on concern that Greek Prime Minister Lucas Papademos and coalition party leaders might not come to terms necessary for another round of rescue funds. The ECB is ready to exchange its holdings of Greek government bonds to help reduce Greek’s debt load, people briefed on the matter told Dow Jones on Tuesday. Treasury prices were near neutral after the government sold $24 billion of 10-year notes, with the yield on the benchmark 10-year note 10_YEAR +0.56% at 1.977%. Gold lost ground after rising 1.4% the prior session, with futures for April delivery /quotes/zigman/660065 GC2J -0.70% off $17.10, or 1%, to settle at $1,731.30 an ounce on the Comex division of the New York Mercantile Exchange. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions.”
Wednesday's Closing Dow Numbers and Thursday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.02 -0.02 0.07% 20,038,319 NYSE: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Alcoa AA
$10.67 unch unch 26,973,864 NYSE: No mentions found.
American Express AXP
$51.64 -0.49 0.94% 6,045,083 NYSE: No mentions found.
Bank of America BAC
$8.13 +0.28 3.57% 424,896,414 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
Boeing BA
$75.46 +0.26 0.35% 5,338,090 NYSE: AJC pA14 "Inspection of cracks on Airbus A380 expands" says this follows Tuesday's news that Boeing was grappling with minor defects in its 787 Dreamliner.
Caterpillar CAT
$114.04 +0.23 0.2% 4,090,222 NYSE: No mentions found.
Chevron CVX
$106.76 -0.07 0.07% 5,358,895 NYSE: No mentions found.
Cisco CSCO
$20.43 +0.23 1.14% 82,605,798 NASDAQ-GS: WSJ pB5 "Cisco's profit up amid restructuirng" by Ben Worthen, NYT pB7 "Cuts help Cisco beat analysts' expectations" by Quentin Hardy,Inv. Bus. Daily pA1 & Pa4"Iisco A2 adds ammo to rebound" by Pete Barlas, AJC pA14 "Cisco's net income rockets up 44%" say Cisco's net income was $2.2 bil in 2Q ending 1/28 vs $1.5 bil a year ago. Adjusted, Cisco earned 47 cents per share on rev of $11.5 bil up 11% from a year earlier.
Coke KO
$68.33 -0.22 0.32% 8,152,934 NYSE: No mentions found.
Disney DIS
$41.27 +0.29 0.71% 21,657,702 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Fin Times p24 "Computer Sciences boosted after writing down UK contract losses" by Ajay Makan says shares in Computer Sciences Corp soared 25%. Bank stocks traded higher despite the Greek concerns as Bank of America topped $8 for the first time since Sept. Disney shares climbed 0.7% as earnings rose despite flat rev.
USA Today p4B "Dow closes at its highest since '08 as Greece deal nears" by AP says stocks staged an afternoon long rally & closed higher Wed as Greece appeared to close in on the cost cutting deal it needs to keep from defaulting on its nat'l debt. Disney rose 29 cents although its earnings bet analysts' estimates, its rev growth fell short as movie rev fell due to fewer big films in the quarter and rev from DVE sales & interactive media also declined.
DuPont DD
$51.65 +0.04 0.08% 2,884,911 NYSE: No mentions found.
Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
GE
$19.24 +0.06 0.31% 33,440,024 NYSE: No mentions found.
Hewlett-Packard HPQ
$29.46 +0.51 1.76% 13,013,848 NYSE: WSJ pC4 "Stocks climb to a fresh peak" by Jonathan Cheng says stocks finished a smidgen higher as investors awaited an agreement among Greek politicians on austerity steps ahead of the nation's 2nd int'l bailout. Fin'l & tech stocks were the day's leaders as Bank of America was the best Dow member up 28 cents. Hewlett-Packard rose 51 cents. Energy stocks weighed as crude oil prices pulled back after morning gains as Exxon fell 55 cents. Disney gained 29 cents after it s 4Q earnings topped estimates but rev fell short.
Home Depot HD
$45.17 -0.29 0.64% 7,523,501 NYSE: No mentions found.
Intel INTC
$26.85 +0.21 0.79% 36,924,827 NASDAQ-GS: No mentions found.
IBM
$192.95 -0.40 0.21% 3,785,084 NYSE: No mentions found.
JPMorgan JPM
$38.3 +0.43 1.14% 22,959,963 NYSE: WSJ pC1 "Accord near on lending abuses" by Nick Timiraos says an accord covering 5 banks including B ofa and JPMorgan is close worth $25 bil involving foreclosure abuses.
WSJ pC1 "US plans to sue banks over bonds" by Jean Eaglesham says the SEC and the Justice Dept will warn several banks including Bank of America that they will be sued over mortgage related actions.
Johnson & Johnson JNJ
$65.24 -0.02 0.03% 6,825,468 NYSE: No mentions found.
Kraft KFT
$38.54 +0.03 0.08% 5,992,333 NYSE: No mentions found.
McDonald's MCD
$100.05 -0.86 0.85% 5,416,135 NYSE: WSJ pB7 "McDonald's Jan sales jumped boosted by beverages" by Melodie Warner, AJC pA14 "Breakfast food, McBites help boost rev" say rev in restaurants open 13 months rose 6.7% in Jan beating expectations by 0.2%.
Merck MRK
$38.42 -0.21 0.54% 11,283,781 NYSE: No mentions found.
Microsoft MSFT
$30.66 +0.31 1.02% 49,486,107 NASDAQ-GS: WSJ pB5 "US to clear Google's deal" by Tom Catan says the US Justice Dept will clear Google's $12.5 bil purchase of Motorola Mobility Holdings and will allow a consortium of tech firms including Microsoft to acquire a trove of patents from bankrupt Canadian telecom equip maker Nortel Networks for $4.5 bil.
WSJ pB5 "Decline in PC shipments persists, Microsoft says" by Steve Jones says Microsoft warned that the decline in PC shipments will persist into the spring due to the flooding in Thailand which reduced the supply of computer components.
Pfizer PFE
$21.01 -0.04 0.19% 34,138,338 NYSE: No mentions found.
Procter & Gamble PG
$63.64 -0.06 0.09% 8,142,150 NYSE: WSJ pc10 "Walnuts leave Diamond in the rough" by John Jannarone, WSJ pA1 "Snack CEO ousted in accounting inquiry" by Emily Glazer say Diamond removed 2 top execs, the CEO & CFO, and restated earnings and will add $60 mil in payments to walnuts growers in its '11 fiscal year which casts serious doubt on Diamond's plan to buy Pringles from Procter & Gamble.
3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE: WSJ pB3 "3M taps 33-year vet and COO Inge Thulin as CEO, Fin Times p14 Thulin to succeed Buckley as 3M chief exec" by Jeremy LemerAJC pA14 "3M picks COO as new ceo" say on June 1 George Buckley will retire and be replaced by COO Inge Thulin effective 2/24.
Travelers TRV
$59.85 +0.11 0.18% 2,595,973 NYSE: No mentions found.
United Technologies UTX
$81.74 +1.46 1.82% 6,906,158 NYSE: No mentions found.
Verizon VZ
$37.92 unch unch 9,459,142 DualListed: NYT pB3 "Sprint posts sales loss, but iPhone lifts rev" by Brian Chen says Sprint Nextel, the nation's No. 3 cellphone had a 4Q net loss of $1.3 bil. Apple sold 37 mil iPhones during the quarter of which AT&T sold 7.6 mil units and Verizon sold 4.2 mil.
Walmart WMT
$61.62 -0.07 0.11% 7,243,463 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM Inge Thulin replaces George W. Buckley on 2/24(St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
Wednesday, February 8, 2012
2/8/12 Wed pm Dow Closes at 12,883.95 up 5.75 or 0.04%
www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,464 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
The Dow Jones Industrial Average closed Wednesday at 12,883.95 up 5.75 or 0.04% from Tuesday's close of 12,878.2. Of the 30 Dow components 15 gained, 2 were unchanged and 13 declined. The biggest gainer dollar-wise was United Technologies UTX $81.74 +1.46 1.82% 6,906,158 NYSE and percentage-wise was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE. The biggest decliner dollar-wise and percentage-wise was Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.40 up from yesterday's trailing P/E ratio of 14.15 (year ago it was 15.23); today's P/E estimate is 12.30 unchanged from Tuesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.49 down from yesterday's dividend yield of 2.50 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,702.35 up 0.76 from Tuesday's closing numerator of 1,701.59. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.74 up $0.02 from Tuesday's average closing price of $56.72. The median closing price of Wednesday's Dow Jones Industrial Average was $48.41 (AXP/HD) down $0.13 from Tuesday's median closing price of $48.54. The lowest volume was 3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE and the highest volume again was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE.
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) and sold at the close you would have made $76 ($170,235 - $170,159).
MarketWatch Wednesday 2/8/12 4:41 pm by Kate Gibson says U.S. stocks ended with mild gains on Wednesday after a news report that Greece had drafted a new financing deal with the European Union and International Monetary Fund.
“The issue we’ve been dealing with for weeks is when do we get something signed, sealed and delivered,” David Kelly, chief market strategist at J.P. Morgan Funds, said of the market’s muted reaction. “We continue to get assured by people in Europe that a deal will get done, so to some extend a deal is already priced into the market.” Greece will commit to permanent spending cuts that include reduced pension payments and a 20% cut in the minimum wage, according to a letter of intent obtained by Bloomberg News.
Any deal in the works is a “euphemism for default. The tragedy of this is Europe continues to insist on short-term austerity, which only makes the Greek economy worse,” said Kelly, arguing Europe at large would reap far greater economic good by offering aid in the form of an outright grant to jump-start the Greek and other peripheral European economies. After veering between gains and losses, the Dow Jones Industrial Average DJIA +0.04% finished with a 5.75-point gain at 12,883.95. The S&P 500 Index SPX +0.22% added 2.91 points, or 0.2%, to 1,349.96, with financial firms performing best and energy the worst among its 10 industry groups. The Nasdaq Composite Index COMP +0.41% rose 11.78 points, or 0.4%, to 2,915.86. For every three stocks falling four gained on the New York Stock Exchange, where volume topped 765 million. Composite volume neared 4.1 billion.
Caesars Entertainment Corp. CZR +71.00% nearly doubled in its trading debut, with shares of the casino chain up 71% to $15.39 apiece. “There is a huge amount of money sitting on the sidelines, 10-year Treasury yields are low and unattractive, so investors ought to be moving some money into equities, so it’s a slow march upward as investors gradually become less nervous,” said Kelly of the lackluster trading volume. Oil prices trimmed their rise after the U.S. Energy Department reported supplies rose last week, with the crude-futures contract for March delivery CL2H +0.71% adding 30 cents to $98.71 a barrel. The euro erased a gain versus the dollar EURUSD +0.00% to trade nearly unchanged at $1.3262 on concern that Greek Prime Minister Lucas Papademos and coalition party leaders might not come to terms necessary for another round of rescue funds. The ECB is ready to exchange its holdings of Greek government bonds to help reduce Greek’s debt load, people briefed on the matter told Dow Jones on Tuesday. Treasury prices were near neutral after the government sold $24 billion of 10-year notes, with the yield on the benchmark 10-year note 10_YEAR +0.56% at 1.977%. Gold lost ground after rising 1.4% the prior session, with futures for April delivery /quotes/zigman/660065 GC2J -0.70% off $17.10, or 1%, to settle at $1,731.30 an ounce on the Comex division of the New York Mercantile Exchange. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions.”
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.02 -0.02 0.07% 20,038,319 NYSE
Alcoa AA
$10.67 unch unch 26,973,864 NYSE
American Express AXP
$51.64 -0.49 0.94% 6,045,083 NYSE
Bank of America BAC
$8.13 +0.28 3.57% 424,896,414 NYSE
Boeing BA
$75.46 +0.26 0.35% 5,338,090 NYSE
Caterpillar CAT
$114.04 +0.23 0.2% 4,090,222 NYSE
Chevron CVX
$106.76 -0.07 0.07% 5,358,895 NYSE
CSCO
$20.43 +0.23 1.14% 82,605,798 NASDAQ-GS
Coke KO
$68.33 -0.22 0.32% 8,152,934 NYSE
Disney DIS
$41.27 +0.29 0.71% 21,657,702 NYSE
DuPont DD
$51.65 +0.04 0.08% 2,884,911 NYSE
Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE
GE
$19.24 +0.06 0.31% 33,440,024 NYSE
Hewlett-Packard HPQ
$29.46 +0.51 1.76% 13,013,848 NYSE
Home Depot HD
$45.17 -0.29 0.64% 7,523,501 NYSE
Intel INTC
$26.85 +0.21 0.79% 36,924,827 NASDAQ-GS
IBM
$192.95 -0.40 0.21% 3,785,084 NYSE
JPMorgan JPM
$38.3 +0.43 1.14% 22,959,963 NYSE
Johnson & Johnson JNJ
$65.24 -0.02 0.03% 6,825,468 NYSE
Kraft KFT
$38.54 +0.03 0.08% 5,992,333 NYSE
McDonald's MCD
$100.05 -0.86 0.85% 5,416,135 NYSE
Merck MRK
$38.42 -0.21 0.54% 11,283,781 NYSE
MSFT
$30.66 +0.31 1.02% 49,486,107 NASDAQ-GS
Pfizer PFE
$21.01 -0.04 0.19% 34,138,338 NYSE
Procter & Gamble PG
$63.64 -0.06 0.09% 8,142,150 NYSE
3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE
Travelers TRV
$59.85 +0.11 0.18% 2,595,973 NYSE
United Technologies UTX
$81.74 +1.46 1.82% 6,906,158 NYSE
Verizon VZ
$37.92 unch unch 9,459,142 DualListed
Walmart WMT
$61.62 -0.07 0.11% 7,243,463 NYSE
******************
The following are excerpts from Wednesday morning's Blog.
A read of the print editions of Wednesday's Wall St. 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 symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,878.2 up 33.07 or 0.26% from Monday's close of 12,845.13. For the year the Dow is up 5.41%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE. The biggest decliner dollar-wise was United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE and percentage-wise was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
NYT pB7 "Possible deal on Greek debt soothes investors" by AP says stocks resumed their slow but steady climb Tues as Greece appeared close to announcing a deal with creditors to cut its debt as the Dow ended at its highest level since May '08.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Inv. Bus. Daily pA1 "Market shakes off losses to close up: volume rises" by Victor Reklaitis says stocks fought back from early losses to finish modestly higher Tes closing near the day's peaks for the 3rd session in a row.
Tuesday's Dow Jones Industrial Average closing numerator was 1,701.59 up 4.37 from Monday's closing numerator of 1,697.22. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $56.72 up $0.15 from Monday's average closing price of $56.57. The median closing price of Tuesday's Dow Jones Industrial Average was $48.54 (DD/HD) up $0.03 from Monday's median closing price of $48.51. The lowest volume was Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE and the highest volume again was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
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) and sold at the close you would have made $437 ($170,159 - $169,722).
MarketWatch Tuesday 2/7/12 4:52 pm by Kate Gibson says U.S. stocks rose Tuesday, sending the Dow industrials to their highest close since 2008, as Greece reportedly neared accord on budget cuts, job openings rose in America and the Federal Reserve kept to its low-rate stance. “The market is mostly trading on news regarding Greek sovereign debt; maybe we can put one more issue behind us,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Also, a Labor Department report had job openings rising to 3.38 million in December from 3.12 million the month before, showing “continued progress in the labor market,” said Luschini.
The Dow Jones Industrial Average DJIA +0.26% rose 33.07 points, or 0.3%, to 12,878.20, its highest close since May 19, 2008. It had reversed higher early in the session after falling as much as 62.56 points. “We opened on the back of declining European equities, so that’s the bias the market took on the open, that whatever had rattled Europe would carry over, but now a final draft is seemingly moments away, so the market is more inclined than not to treat it as good news,” said Janney Montgomery Scott’s Luschini of the market’s about face. In Athens, government officials reportedly have a draft deal to present to Greek party leaders on Wednesday detailing another bailout. In Washington, top U.S. central banker Ben Bernanke reiterated his call on lawmakers to cut the nation’s long-term red ink, and repeated that the labor market is a long ways from returning to good health.
Bernanke, who also took questions from lawmakers, did make the comment that there is “still a lot of underlying weakness in the labor market, and the Fed is not ignoring that prospect, which keeps hope of QE3 alive,” said Luschini of prospects of a third round of quantitative easing by the central bank. “There’s nothing going on this week, so people are reaching for a catalyst. Plus, [Federal Reserve Chairman] Bernanke said that not withstanding the jobs number on Friday, we’re going to remain accommodative,” said Art Hogan, a strategist at Lazard Capital Markets. “The punch bowl is still on the table.” On the Dow, 20 of 30 components rose, led by a 1.4% gain in McDonald’s Corp. MCD -0.01% Helping lift the blue-chip index, Coca-Cola Co. KO +0.76% shares climbed 0.8% after the beverage maker reported adjusted fourth-quarter results that topped consensus expectations.
Boeing Co. BA +0.04% shares were down for a second day, off 0.3%, on the heels of production delays reported due to a structural fix needed in some of its 787s.
The S&P 500 index SPX +0.20% gained 2.72 points, or 0.2%, to 1,347.05, with utilities leading the gains and natural-resource stocks the greatest laggard among its sectors. The Nasdaq Composite Index COMP +0.07% advanced 2.09 points, or 0.1%, to 2,904.08. For every 13 stocks falling, 17 gained on the New York Stock Exchange, where more than 728 million shares traded. NYSE composite volume was about 3.7 billion. Any selloff, regardless of how short or shallow, is being used as a buying opportunity, noted Elliot Spar, market strategist at Stifel Nicolaus.
“If feels like some money managers are still underinvested, while those shorting have to take them back when it doesn’t work. The march has become a little more rotational in recent days,” said Spar, who questioned whether the trend marked a prelude to a full-fledged correction. Moving average and other technical gauges are “all indicative of a market that seems stretched,” suggested Luschini at Janney Montgomery Scott. “When you’re up more than 7% the first five weeks of the year is probably not a sustainable pace,” he said, adding that a correction of between 3% and 5% is likely in order.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.04 +0.07 0.23% 24,180,534 NYSE: No mentions found.
Alcoa AA $10.67 -0.065 0.61% 23,641,114 NYSE: No mentions found.
American Express AXP $52.13 +0.32 0.62% 5,944,760 NYSE: No mentions found.
Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE: AJC pA9 "States join deal on foreclosure abuses" by AP says Arizona, Michigan Fla will join a nationwide settlement on foreclosure abuse against the 5 largest lenders, Bank of America, JPMorgan, Wells, Citi and Ally.
Boeing BA $75.2 -0.26 0.34% 4,438,621 NYSE: No mentions found.
Caterpillar CAT $113.81 +0.03 0.03% 5,129,663 NYSE: No mentions found.
Chevron CVX $106.83 +0.16 0.15% 6,034,105 NYSE: No mentions found.
CSCO $20.2 +0.01 0.05% 61,418,367 NASDAQ-GS: No mentions found.
Coke KO $68.55 +0.52 0.76% 12,117,543 NYSE: NYT pB7 "Strong Asian sales bolster Coca-Cola in 4Q" by Bloomberg, WSJ pB6 "Coke to beef up its investment in marketing" by Paul Ziobro, Fin times p12 "Coca-Cola", Inv. Bus. Daily pA2 "Coca-Cola pops on global sales", AJC pA9 "Sales up for '11, but consumers pay more" by Leon Stafford say Coke will spend $650 mil into supporting growth for its brands which continued to grow sales & volume in 4Q that saw actual earnings fall due to a gain last year. Cokes volume sales rose 3%, the weakest showing in '11 though still within its long term target for 3 to 4% growth. Quarterly profit fell to $1.65 bil or 72 cents a share from $5.77 bil or $2.46 a share a year earlier. Excluding extraordinary items, earnings rose to 79 cents from 72 cents and rev jumped 5.2% to $11 bil. Coke shaers trade at 17 times forward earnings a heft premium to the market which is why shares only ticked 1% on good 4Q earnings.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reported 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Disney DIS $40.98 +0.52 1.29% 20,031,868 NYSE: WSJ pB6 "Disney's profit rises 12%, but Revenue undershoots estimates" by William Launder, NYT pB3 "Disney profit lifted by ESPN and parks" by Brooks Barnes, Inv. Bus. Dail pA1, AJC pA10 "Disney rev misses estimates but profits up" say Disney's fiscal 1Q profit rose 12% helped by revised contracts with broadcast affiliates & increased customer spending & attendance at theme parks. Rev was up 0.6% to $10.78 bil below expectations of $11.18 bil For the quarter ended 12/31 Disney's profit was $1.46 bil or 80 cents a sahre up from $1.3 bil or 68 cents a year earlier.
DuPont DD $51.61 -0.17 0.33% 3,373,634 NYSE: No mentions found.
Exxon XOM $86.34 +0.59 0.69% 15,817,398 NYSE: No mentions found.
GE $19.18 +0.13 0.68% 36,010,182 NYSE: No mentions found.
Hewlett-Packard HPQ $28.95 +0.19 0.66% 14,584,958 NYSE: No mentions found.
Home Depot HD $45.46 +0.26 0.58% 9,719,987 NYSE: No mentions found.
Intel INTC $26.64 -0.08 0.3% 33,100,770 NASDAQ-GS: No mentions found.
IBM $193.35 +0.53 0.27% 3,432,953 NYSE: No mentions found.
Johnson & Johnson JNJ $65.26 +0.07 0.11% 9,216,160 NYSE: No mentions found.
Kraft KFT $38.51 -0.19 0.49% 5,800,093 NYSE: No mentions found.
McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juicies boosted sales in Asia.
Merck MRK $38.63 +0.23 0.6% 12,447,377 NYSE: No mentions found.
Microsoft MSFT $30.35 +0.15 0.5% 39,241,313 NASDAQ-GS: Fin times p21 "Stockpickers ride again as investors hunt value trades" by Michael Mackenzie says Microsoft's shares are up 24.05% since the start of the latest bull rally and it is trading at a p/e of 11.23 with a dividend yield of 2.40%.
Pfizer PFE $21.05 +0.10 0.48% 37,375,842 NYSE: No mentions found.
Procter & Gamble PG $63.7 +0.19 0.3% 8,901,573 NYSE: No mentions found.
MMM $87.89 +0.33 0.38% 2,959,012 NYSE: No mentions found.
Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE: No mentions found.
United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE: No mentions found.
Verizon VZ $37.92 -0.22 0.58% 12,473,955 DualListed: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
Walmart WMT $61.69 -0.19 0.31% 6,084,398 NYSE: WSJ pB2 "To promote healthier food choices, Walmart adds labels" by Stephanie Strom says Walmart has devised standards to determine what is healthy and will label the foods accordingly.
WSJ pB7 "Walmart picks new China head" by Laurie Burkitt says Walmart named Greg Goran senior vp of Walmart Int'l as its CEO of Walmart China, as reported yesterday.
******************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,464 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
The Dow Jones Industrial Average closed Wednesday at 12,883.95 up 5.75 or 0.04% from Tuesday's close of 12,878.2. Of the 30 Dow components 15 gained, 2 were unchanged and 13 declined. The biggest gainer dollar-wise was United Technologies UTX $81.74 +1.46 1.82% 6,906,158 NYSE and percentage-wise was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE. The biggest decliner dollar-wise and percentage-wise was Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.40 up from yesterday's trailing P/E ratio of 14.15 (year ago it was 15.23); today's P/E estimate is 12.30 unchanged from Tuesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.49 down from yesterday's dividend yield of 2.50 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,702.35 up 0.76 from Tuesday's closing numerator of 1,701.59. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.74 up $0.02 from Tuesday's average closing price of $56.72. The median closing price of Wednesday's Dow Jones Industrial Average was $48.41 (AXP/HD) down $0.13 from Tuesday's median closing price of $48.54. The lowest volume was 3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE and the highest volume again was Bank of America BAC $8.13 +0.28 3.57% 424,896,414 NYSE.
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) and sold at the close you would have made $76 ($170,235 - $170,159).
MarketWatch Wednesday 2/8/12 4:41 pm by Kate Gibson says U.S. stocks ended with mild gains on Wednesday after a news report that Greece had drafted a new financing deal with the European Union and International Monetary Fund.
“The issue we’ve been dealing with for weeks is when do we get something signed, sealed and delivered,” David Kelly, chief market strategist at J.P. Morgan Funds, said of the market’s muted reaction. “We continue to get assured by people in Europe that a deal will get done, so to some extend a deal is already priced into the market.” Greece will commit to permanent spending cuts that include reduced pension payments and a 20% cut in the minimum wage, according to a letter of intent obtained by Bloomberg News.
Any deal in the works is a “euphemism for default. The tragedy of this is Europe continues to insist on short-term austerity, which only makes the Greek economy worse,” said Kelly, arguing Europe at large would reap far greater economic good by offering aid in the form of an outright grant to jump-start the Greek and other peripheral European economies. After veering between gains and losses, the Dow Jones Industrial Average DJIA +0.04% finished with a 5.75-point gain at 12,883.95. The S&P 500 Index SPX +0.22% added 2.91 points, or 0.2%, to 1,349.96, with financial firms performing best and energy the worst among its 10 industry groups. The Nasdaq Composite Index COMP +0.41% rose 11.78 points, or 0.4%, to 2,915.86. For every three stocks falling four gained on the New York Stock Exchange, where volume topped 765 million. Composite volume neared 4.1 billion.
Caesars Entertainment Corp. CZR +71.00% nearly doubled in its trading debut, with shares of the casino chain up 71% to $15.39 apiece. “There is a huge amount of money sitting on the sidelines, 10-year Treasury yields are low and unattractive, so investors ought to be moving some money into equities, so it’s a slow march upward as investors gradually become less nervous,” said Kelly of the lackluster trading volume. Oil prices trimmed their rise after the U.S. Energy Department reported supplies rose last week, with the crude-futures contract for March delivery CL2H +0.71% adding 30 cents to $98.71 a barrel. The euro erased a gain versus the dollar EURUSD +0.00% to trade nearly unchanged at $1.3262 on concern that Greek Prime Minister Lucas Papademos and coalition party leaders might not come to terms necessary for another round of rescue funds. The ECB is ready to exchange its holdings of Greek government bonds to help reduce Greek’s debt load, people briefed on the matter told Dow Jones on Tuesday. Treasury prices were near neutral after the government sold $24 billion of 10-year notes, with the yield on the benchmark 10-year note 10_YEAR +0.56% at 1.977%. Gold lost ground after rising 1.4% the prior session, with futures for April delivery /quotes/zigman/660065 GC2J -0.70% off $17.10, or 1%, to settle at $1,731.30 an ounce on the Comex division of the New York Mercantile Exchange. “I guess we’re waiting for Greek haircuts. We don’t have any economic news to speak of, and we’re at the last vestiges of earnings,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Without data, people go on emotions.”
Wednesday's Closing Dow Numbers:
Symbol Last Sale Change % Change Share Volume Market
AT&T T
$30.02 -0.02 0.07% 20,038,319 NYSE
Alcoa AA
$10.67 unch unch 26,973,864 NYSE
American Express AXP
$51.64 -0.49 0.94% 6,045,083 NYSE
Bank of America BAC
$8.13 +0.28 3.57% 424,896,414 NYSE
Boeing BA
$75.46 +0.26 0.35% 5,338,090 NYSE
Caterpillar CAT
$114.04 +0.23 0.2% 4,090,222 NYSE
Chevron CVX
$106.76 -0.07 0.07% 5,358,895 NYSE
CSCO
$20.43 +0.23 1.14% 82,605,798 NASDAQ-GS
Coke KO
$68.33 -0.22 0.32% 8,152,934 NYSE
Disney DIS
$41.27 +0.29 0.71% 21,657,702 NYSE
DuPont DD
$51.65 +0.04 0.08% 2,884,911 NYSE
Exxon XOM
$85.32 -1.02 1.18% 14,705,188 NYSE
GE
$19.24 +0.06 0.31% 33,440,024 NYSE
Hewlett-Packard HPQ
$29.46 +0.51 1.76% 13,013,848 NYSE
Home Depot HD
$45.17 -0.29 0.64% 7,523,501 NYSE
Intel INTC
$26.85 +0.21 0.79% 36,924,827 NASDAQ-GS
IBM
$192.95 -0.40 0.21% 3,785,084 NYSE
JPMorgan JPM
$38.3 +0.43 1.14% 22,959,963 NYSE
Johnson & Johnson JNJ
$65.24 -0.02 0.03% 6,825,468 NYSE
Kraft KFT
$38.54 +0.03 0.08% 5,992,333 NYSE
McDonald's MCD
$100.05 -0.86 0.85% 5,416,135 NYSE
Merck MRK
$38.42 -0.21 0.54% 11,283,781 NYSE
MSFT
$30.66 +0.31 1.02% 49,486,107 NASDAQ-GS
Pfizer PFE
$21.01 -0.04 0.19% 34,138,338 NYSE
Procter & Gamble PG
$63.64 -0.06 0.09% 8,142,150 NYSE
3M MMM
$87.97 +0.08 0.09% 2,513,445 NYSE
Travelers TRV
$59.85 +0.11 0.18% 2,595,973 NYSE
United Technologies UTX
$81.74 +1.46 1.82% 6,906,158 NYSE
Verizon VZ
$37.92 unch unch 9,459,142 DualListed
Walmart WMT
$61.62 -0.07 0.11% 7,243,463 NYSE
******************
The following are excerpts from Wednesday morning's Blog.
A read of the print editions of Wednesday's Wall St. 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 symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,878.2 up 33.07 or 0.26% from Monday's close of 12,845.13. For the year the Dow is up 5.41%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE. The biggest decliner dollar-wise was United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE and percentage-wise was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
NYT pB7 "Possible deal on Greek debt soothes investors" by AP says stocks resumed their slow but steady climb Tues as Greece appeared close to announcing a deal with creditors to cut its debt as the Dow ended at its highest level since May '08.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Inv. Bus. Daily pA1 "Market shakes off losses to close up: volume rises" by Victor Reklaitis says stocks fought back from early losses to finish modestly higher Tes closing near the day's peaks for the 3rd session in a row.
Tuesday's Dow Jones Industrial Average closing numerator was 1,701.59 up 4.37 from Monday's closing numerator of 1,697.22. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $56.72 up $0.15 from Monday's average closing price of $56.57. The median closing price of Tuesday's Dow Jones Industrial Average was $48.54 (DD/HD) up $0.03 from Monday's median closing price of $48.51. The lowest volume was Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE and the highest volume again was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
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) and sold at the close you would have made $437 ($170,159 - $169,722).
MarketWatch Tuesday 2/7/12 4:52 pm by Kate Gibson says U.S. stocks rose Tuesday, sending the Dow industrials to their highest close since 2008, as Greece reportedly neared accord on budget cuts, job openings rose in America and the Federal Reserve kept to its low-rate stance. “The market is mostly trading on news regarding Greek sovereign debt; maybe we can put one more issue behind us,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Also, a Labor Department report had job openings rising to 3.38 million in December from 3.12 million the month before, showing “continued progress in the labor market,” said Luschini.
The Dow Jones Industrial Average DJIA +0.26% rose 33.07 points, or 0.3%, to 12,878.20, its highest close since May 19, 2008. It had reversed higher early in the session after falling as much as 62.56 points. “We opened on the back of declining European equities, so that’s the bias the market took on the open, that whatever had rattled Europe would carry over, but now a final draft is seemingly moments away, so the market is more inclined than not to treat it as good news,” said Janney Montgomery Scott’s Luschini of the market’s about face. In Athens, government officials reportedly have a draft deal to present to Greek party leaders on Wednesday detailing another bailout. In Washington, top U.S. central banker Ben Bernanke reiterated his call on lawmakers to cut the nation’s long-term red ink, and repeated that the labor market is a long ways from returning to good health.
Bernanke, who also took questions from lawmakers, did make the comment that there is “still a lot of underlying weakness in the labor market, and the Fed is not ignoring that prospect, which keeps hope of QE3 alive,” said Luschini of prospects of a third round of quantitative easing by the central bank. “There’s nothing going on this week, so people are reaching for a catalyst. Plus, [Federal Reserve Chairman] Bernanke said that not withstanding the jobs number on Friday, we’re going to remain accommodative,” said Art Hogan, a strategist at Lazard Capital Markets. “The punch bowl is still on the table.” On the Dow, 20 of 30 components rose, led by a 1.4% gain in McDonald’s Corp. MCD -0.01% Helping lift the blue-chip index, Coca-Cola Co. KO +0.76% shares climbed 0.8% after the beverage maker reported adjusted fourth-quarter results that topped consensus expectations.
Boeing Co. BA +0.04% shares were down for a second day, off 0.3%, on the heels of production delays reported due to a structural fix needed in some of its 787s.
The S&P 500 index SPX +0.20% gained 2.72 points, or 0.2%, to 1,347.05, with utilities leading the gains and natural-resource stocks the greatest laggard among its sectors. The Nasdaq Composite Index COMP +0.07% advanced 2.09 points, or 0.1%, to 2,904.08. For every 13 stocks falling, 17 gained on the New York Stock Exchange, where more than 728 million shares traded. NYSE composite volume was about 3.7 billion. Any selloff, regardless of how short or shallow, is being used as a buying opportunity, noted Elliot Spar, market strategist at Stifel Nicolaus.
“If feels like some money managers are still underinvested, while those shorting have to take them back when it doesn’t work. The march has become a little more rotational in recent days,” said Spar, who questioned whether the trend marked a prelude to a full-fledged correction. Moving average and other technical gauges are “all indicative of a market that seems stretched,” suggested Luschini at Janney Montgomery Scott. “When you’re up more than 7% the first five weeks of the year is probably not a sustainable pace,” he said, adding that a correction of between 3% and 5% is likely in order.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.04 +0.07 0.23% 24,180,534 NYSE: No mentions found.
Alcoa AA $10.67 -0.065 0.61% 23,641,114 NYSE: No mentions found.
American Express AXP $52.13 +0.32 0.62% 5,944,760 NYSE: No mentions found.
Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE: AJC pA9 "States join deal on foreclosure abuses" by AP says Arizona, Michigan Fla will join a nationwide settlement on foreclosure abuse against the 5 largest lenders, Bank of America, JPMorgan, Wells, Citi and Ally.
Boeing BA $75.2 -0.26 0.34% 4,438,621 NYSE: No mentions found.
Caterpillar CAT $113.81 +0.03 0.03% 5,129,663 NYSE: No mentions found.
Chevron CVX $106.83 +0.16 0.15% 6,034,105 NYSE: No mentions found.
CSCO $20.2 +0.01 0.05% 61,418,367 NASDAQ-GS: No mentions found.
Coke KO $68.55 +0.52 0.76% 12,117,543 NYSE: NYT pB7 "Strong Asian sales bolster Coca-Cola in 4Q" by Bloomberg, WSJ pB6 "Coke to beef up its investment in marketing" by Paul Ziobro, Fin times p12 "Coca-Cola", Inv. Bus. Daily pA2 "Coca-Cola pops on global sales", AJC pA9 "Sales up for '11, but consumers pay more" by Leon Stafford say Coke will spend $650 mil into supporting growth for its brands which continued to grow sales & volume in 4Q that saw actual earnings fall due to a gain last year. Cokes volume sales rose 3%, the weakest showing in '11 though still within its long term target for 3 to 4% growth. Quarterly profit fell to $1.65 bil or 72 cents a share from $5.77 bil or $2.46 a share a year earlier. Excluding extraordinary items, earnings rose to 79 cents from 72 cents and rev jumped 5.2% to $11 bil. Coke shaers trade at 17 times forward earnings a heft premium to the market which is why shares only ticked 1% on good 4Q earnings.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reported 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Disney DIS $40.98 +0.52 1.29% 20,031,868 NYSE: WSJ pB6 "Disney's profit rises 12%, but Revenue undershoots estimates" by William Launder, NYT pB3 "Disney profit lifted by ESPN and parks" by Brooks Barnes, Inv. Bus. Dail pA1, AJC pA10 "Disney rev misses estimates but profits up" say Disney's fiscal 1Q profit rose 12% helped by revised contracts with broadcast affiliates & increased customer spending & attendance at theme parks. Rev was up 0.6% to $10.78 bil below expectations of $11.18 bil For the quarter ended 12/31 Disney's profit was $1.46 bil or 80 cents a sahre up from $1.3 bil or 68 cents a year earlier.
DuPont DD $51.61 -0.17 0.33% 3,373,634 NYSE: No mentions found.
Exxon XOM $86.34 +0.59 0.69% 15,817,398 NYSE: No mentions found.
GE $19.18 +0.13 0.68% 36,010,182 NYSE: No mentions found.
Hewlett-Packard HPQ $28.95 +0.19 0.66% 14,584,958 NYSE: No mentions found.
Home Depot HD $45.46 +0.26 0.58% 9,719,987 NYSE: No mentions found.
Intel INTC $26.64 -0.08 0.3% 33,100,770 NASDAQ-GS: No mentions found.
IBM $193.35 +0.53 0.27% 3,432,953 NYSE: No mentions found.
Johnson & Johnson JNJ $65.26 +0.07 0.11% 9,216,160 NYSE: No mentions found.
Kraft KFT $38.51 -0.19 0.49% 5,800,093 NYSE: No mentions found.
McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juicies boosted sales in Asia.
Merck MRK $38.63 +0.23 0.6% 12,447,377 NYSE: No mentions found.
Microsoft MSFT $30.35 +0.15 0.5% 39,241,313 NASDAQ-GS: Fin times p21 "Stockpickers ride again as investors hunt value trades" by Michael Mackenzie says Microsoft's shares are up 24.05% since the start of the latest bull rally and it is trading at a p/e of 11.23 with a dividend yield of 2.40%.
Pfizer PFE $21.05 +0.10 0.48% 37,375,842 NYSE: No mentions found.
Procter & Gamble PG $63.7 +0.19 0.3% 8,901,573 NYSE: No mentions found.
MMM $87.89 +0.33 0.38% 2,959,012 NYSE: No mentions found.
Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE: No mentions found.
United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE: No mentions found.
Verizon VZ $37.92 -0.22 0.58% 12,473,955 DualListed: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
Walmart WMT $61.69 -0.19 0.31% 6,084,398 NYSE: WSJ pB2 "To promote healthier food choices, Walmart adds labels" by Stephanie Strom says Walmart has devised standards to determine what is healthy and will label the foods accordingly.
WSJ pB7 "Walmart picks new China head" by Laurie Burkitt says Walmart named Greg Goran senior vp of Walmart Int'l as its CEO of Walmart China, as reported yesterday.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
***************************
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
2/8/12 Wed am Coke & Disney Profits Up
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Post No. 1,463 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
A read of the print editions of Wednesday's Wall St. 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 symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,878.2 up 33.07 or 0.26% from Monday's close of 12,845.13. For the year the Dow is up 5.41%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE. The biggest decliner dollar-wise was United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE and percentage-wise was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
NYT pB7 "Possible deal on Greek debt soothes investors" by AP says stocks resumed their slow but steady climb Tues as Greece appeared close to announcing a deal with creditors to cut its debt as the Dow ended at its highest level since May '08.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Inv. Bus. Daily pA1 "Market shakes off losses to close up: volume rises" by Victor Reklaitis says stocks fought back from early losses to finish modestly higher Tes closing near the day's peaks for the 3rd session in a row.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.40 up from yesterday's trailing P/E ratio of 14.15 (year ago it was 15.23); today's P/E estimate is 12.30 unchanged from Tuesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.49 down from yesterday's dividend yield of 2.50 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,701.59 up 4.37 from Monday's closing numerator of 1,697.22. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $56.72 up $0.15 from Monday's average closing price of $56.57. The median closing price of Tuesday's Dow Jones Industrial Average was $48.54 (DD/HD) up $0.03 from Monday's median closing price of $48.51. The lowest volume was Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE and the highest volume again was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
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) and sold at the close you would have made $437 ($170,159 - $169,722).
MarketWatch Tuesday 2/7/12 4:52 pm by Kate Gibson says U.S. stocks rose Tuesday, sending the Dow industrials to their highest close since 2008, as Greece reportedly neared accord on budget cuts, job openings rose in America and the Federal Reserve kept to its low-rate stance. “The market is mostly trading on news regarding Greek sovereign debt; maybe we can put one more issue behind us,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Also, a Labor Department report had job openings rising to 3.38 million in December from 3.12 million the month before, showing “continued progress in the labor market,” said Luschini.
The Dow Jones Industrial Average DJIA +0.26% rose 33.07 points, or 0.3%, to 12,878.20, its highest close since May 19, 2008. It had reversed higher early in the session after falling as much as 62.56 points. “We opened on the back of declining European equities, so that’s the bias the market took on the open, that whatever had rattled Europe would carry over, but now a final draft is seemingly moments away, so the market is more inclined than not to treat it as good news,” said Janney Montgomery Scott’s Luschini of the market’s about face. In Athens, government officials reportedly have a draft deal to present to Greek party leaders on Wednesday detailing another bailout. In Washington, top U.S. central banker Ben Bernanke reiterated his call on lawmakers to cut the nation’s long-term red ink, and repeated that the labor market is a long ways from returning to good health.
Bernanke, who also took questions from lawmakers, did make the comment that there is “still a lot of underlying weakness in the labor market, and the Fed is not ignoring that prospect, which keeps hope of QE3 alive,” said Luschini of prospects of a third round of quantitative easing by the central bank. “There’s nothing going on this week, so people are reaching for a catalyst. Plus, [Federal Reserve Chairman] Bernanke said that not withstanding the jobs number on Friday, we’re going to remain accommodative,” said Art Hogan, a strategist at Lazard Capital Markets. “The punch bowl is still on the table.” On the Dow, 20 of 30 components rose, led by a 1.4% gain in McDonald’s Corp. MCD -0.01% Helping lift the blue-chip index, Coca-Cola Co. KO +0.76% shares climbed 0.8% after the beverage maker reported adjusted fourth-quarter results that topped consensus expectations.
Boeing Co. BA +0.04% shares were down for a second day, off 0.3%, on the heels of production delays reported due to a structural fix needed in some of its 787s.
The S&P 500 index SPX +0.20% gained 2.72 points, or 0.2%, to 1,347.05, with utilities leading the gains and natural-resource stocks the greatest laggard among its sectors. The Nasdaq Composite Index COMP +0.07% advanced 2.09 points, or 0.1%, to 2,904.08. For every 13 stocks falling, 17 gained on the New York Stock Exchange, where more than 728 million shares traded. NYSE composite volume was about 3.7 billion. Any selloff, regardless of how short or shallow, is being used as a buying opportunity, noted Elliot Spar, market strategist at Stifel Nicolaus.
“If feels like some money managers are still underinvested, while those shorting have to take them back when it doesn’t work. The march has become a little more rotational in recent days,” said Spar, who questioned whether the trend marked a prelude to a full-fledged correction. Moving average and other technical gauges are “all indicative of a market that seems stretched,” suggested Luschini at Janney Montgomery Scott. “When you’re up more than 7% the first five weeks of the year is probably not a sustainable pace,” he said, adding that a correction of between 3% and 5% is likely in order.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.04 +0.07 0.23% 24,180,534 NYSE: No mentions found.
Alcoa AA $10.67 -0.065 0.61% 23,641,114 NYSE: No mentions found.
American Express AXP $52.13 +0.32 0.62% 5,944,760 NYSE: No mentions found.
Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE: AJC pA9 "States join deal on foreclosure abuses" by AP says Arizona, Michigan Fla will join a nationwide settlement on foreclosure abuse against the 5 largest lenders, Bank of America, JPMorgan, Wells, Citi and Ally.
Boeing BA $75.2 -0.26 0.34% 4,438,621 NYSE: No mentions found.
Caterpillar CAT $113.81 +0.03 0.03% 5,129,663 NYSE: No mentions found.
Chevron CVX $106.83 +0.16 0.15% 6,034,105 NYSE: No mentions found.
CSCO $20.2 +0.01 0.05% 61,418,367 NASDAQ-GS: No mentions found.
Coke KO $68.55 +0.52 0.76% 12,117,543 NYSE: NYT pB7 "Strong Asian sales bolster Coca-Cola in 4Q" by Bloomberg, WSJ pB6 "Coke to beef up its investment in marketing" by Paul Ziobro, Fin times p12 "Coca-Cola", Inv. Bus. Daily pA2 "Coca-Cola pops on global sales", AJC pA9 "Sales up for '11, but consumers pay more" by Leon Stafford say Coke will spend $650 mil into supporting growth for its brands which continued to grow sales & volume in 4Q that saw actual earnings fall due to a gain last year. Cokes volume sales rose 3%, the weakest showing in '11 though still within its long term target for 3 to 4% growth. Quarterly profit fell to $1.65 bil or 72 cents a share from $5.77 bil or $2.46 a share a year earlier. Excluding extraordinary items, earnings rose to 79 cents from 72 cents and rev jumped 5.2% to $11 bil. Coke shaers trade at 17 times forward earnings a heft premium to the market which is why shares only ticked 1% on good 4Q earnings.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reported 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Disney DIS $40.98 +0.52 1.29% 20,031,868 NYSE: WSJ pB6 "Disney's profit rises 12%, but Revenue undershoots estimates" by William Launder, NYT pB3 "Disney profit lifted by ESPN and parks" by Brooks Barnes, Inv. Bus. Dail pA1, AJC pA10 "Disney rev misses estimates but profits up" say Disney's fiscal 1Q profit rose 12% helped by revised contracts with broadcast affiliates & increased customer spending & attendance at theme parks. Rev was up 0.6% to $10.78 bil below expectations of $11.18 bil For the quarter ended 12/31 Disney's profit was $1.46 bil or 80 cents a sahre up from $1.3 bil or 68 cents a year earlier.
DuPont DD $51.61 -0.17 0.33% 3,373,634 NYSE: No mentions found.
Exxon XOM $86.34 +0.59 0.69% 15,817,398 NYSE: No mentions found.
GE $19.18 +0.13 0.68% 36,010,182 NYSE: No mentions found.
Hewlett-Packard HPQ $28.95 +0.19 0.66% 14,584,958 NYSE: No mentions found.
Home Depot HD $45.46 +0.26 0.58% 9,719,987 NYSE: No mentions found.
Intel INTC $26.64 -0.08 0.3% 33,100,770 NASDAQ-GS: No mentions found.
IBM $193.35 +0.53 0.27% 3,432,953 NYSE: No mentions found.
Johnson & Johnson JNJ $65.26 +0.07 0.11% 9,216,160 NYSE: No mentions found.
Kraft KFT $38.51 -0.19 0.49% 5,800,093 NYSE: No mentions found.
McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juicies boosted sales in Asia.
Merck MRK $38.63 +0.23 0.6% 12,447,377 NYSE: No mentions found.
Microsoft MSFT $30.35 +0.15 0.5% 39,241,313 NASDAQ-GS: Fin times p21 "Stockpickers ride again as investors hunt value trades" by Michael Mackenzie says Microsoft's shares are up 24.05% since the start of the latest bull rally and it is trading at a p/e of 11.23 with a dividend yield of 2.40%.
Pfizer PFE $21.05 +0.10 0.48% 37,375,842 NYSE: No mentions found.
Procter & Gamble PG $63.7 +0.19 0.3% 8,901,573 NYSE: No mentions found.
MMM $87.89 +0.33 0.38% 2,959,012 NYSE: No mentions found.
Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE: No mentions found.
United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE: No mentions found.
Verizon VZ $37.92 -0.22 0.58% 12,473,955 DualListed: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
Walmart WMT $61.69 -0.19 0.31% 6,084,398 NYSE: WSJ pB2 "To promote healthier food choices, Walmart adds labels" by Stephanie Strom says Walmart has devised standards to determine what is healthy and will label the foods accordingly.
WSJ pB7 "Walmart picks new China head" by Laurie Burkitt says Walmart named Greg Goran senior vp of Walmart Int'l as its CEO of Walmart China, as reported yesterday.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 1,463 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 ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.
A read of the print editions of Wednesday's Wall St. 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 symbol and Tuesday's stock prices and related data.
Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,878.2 up 33.07 or 0.26% from Monday's close of 12,845.13. For the year the Dow is up 5.41%. Of the 30 Dow components 20 gained and 10 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE. The biggest decliner dollar-wise was United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE and percentage-wise was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
NYT pB7 "Possible deal on Greek debt soothes investors" by AP says stocks resumed their slow but steady climb Tues as Greece appeared close to announcing a deal with creditors to cut its debt as the Dow ended at its highest level since May '08.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Inv. Bus. Daily pA1 "Market shakes off losses to close up: volume rises" by Victor Reklaitis says stocks fought back from early losses to finish modestly higher Tes closing near the day's peaks for the 3rd session in a row.
As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.40 up from yesterday's trailing P/E ratio of 14.15 (year ago it was 15.23); today's P/E estimate is 12.30 unchanged from Tuesday's P/E estimate of 12.30 (year ago it was 12.64) and today's dividend yield is 2.49 down from yesterday's dividend yield of 2.50 (last year it was 2.36). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. 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 closing numerator was 1,701.59 up 4.37 from Monday's closing numerator of 1,697.22. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $56.72 up $0.15 from Monday's average closing price of $56.57. The median closing price of Tuesday's Dow Jones Industrial Average was $48.54 (DD/HD) up $0.03 from Monday's median closing price of $48.51. The lowest volume was Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE and the highest volume again was Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE.
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) and sold at the close you would have made $437 ($170,159 - $169,722).
MarketWatch Tuesday 2/7/12 4:52 pm by Kate Gibson says U.S. stocks rose Tuesday, sending the Dow industrials to their highest close since 2008, as Greece reportedly neared accord on budget cuts, job openings rose in America and the Federal Reserve kept to its low-rate stance. “The market is mostly trading on news regarding Greek sovereign debt; maybe we can put one more issue behind us,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Also, a Labor Department report had job openings rising to 3.38 million in December from 3.12 million the month before, showing “continued progress in the labor market,” said Luschini.
The Dow Jones Industrial Average DJIA +0.26% rose 33.07 points, or 0.3%, to 12,878.20, its highest close since May 19, 2008. It had reversed higher early in the session after falling as much as 62.56 points. “We opened on the back of declining European equities, so that’s the bias the market took on the open, that whatever had rattled Europe would carry over, but now a final draft is seemingly moments away, so the market is more inclined than not to treat it as good news,” said Janney Montgomery Scott’s Luschini of the market’s about face. In Athens, government officials reportedly have a draft deal to present to Greek party leaders on Wednesday detailing another bailout. In Washington, top U.S. central banker Ben Bernanke reiterated his call on lawmakers to cut the nation’s long-term red ink, and repeated that the labor market is a long ways from returning to good health.
Bernanke, who also took questions from lawmakers, did make the comment that there is “still a lot of underlying weakness in the labor market, and the Fed is not ignoring that prospect, which keeps hope of QE3 alive,” said Luschini of prospects of a third round of quantitative easing by the central bank. “There’s nothing going on this week, so people are reaching for a catalyst. Plus, [Federal Reserve Chairman] Bernanke said that not withstanding the jobs number on Friday, we’re going to remain accommodative,” said Art Hogan, a strategist at Lazard Capital Markets. “The punch bowl is still on the table.” On the Dow, 20 of 30 components rose, led by a 1.4% gain in McDonald’s Corp. MCD -0.01% Helping lift the blue-chip index, Coca-Cola Co. KO +0.76% shares climbed 0.8% after the beverage maker reported adjusted fourth-quarter results that topped consensus expectations.
Boeing Co. BA +0.04% shares were down for a second day, off 0.3%, on the heels of production delays reported due to a structural fix needed in some of its 787s.
The S&P 500 index SPX +0.20% gained 2.72 points, or 0.2%, to 1,347.05, with utilities leading the gains and natural-resource stocks the greatest laggard among its sectors. The Nasdaq Composite Index COMP +0.07% advanced 2.09 points, or 0.1%, to 2,904.08. For every 13 stocks falling, 17 gained on the New York Stock Exchange, where more than 728 million shares traded. NYSE composite volume was about 3.7 billion. Any selloff, regardless of how short or shallow, is being used as a buying opportunity, noted Elliot Spar, market strategist at Stifel Nicolaus.
“If feels like some money managers are still underinvested, while those shorting have to take them back when it doesn’t work. The march has become a little more rotational in recent days,” said Spar, who questioned whether the trend marked a prelude to a full-fledged correction. Moving average and other technical gauges are “all indicative of a market that seems stretched,” suggested Luschini at Janney Montgomery Scott. “When you’re up more than 7% the first five weeks of the year is probably not a sustainable pace,” he said, adding that a correction of between 3% and 5% is likely in order.
Tuesday's Closing Dow Numbers and Wednesday's News:
Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.04 +0.07 0.23% 24,180,534 NYSE: No mentions found.
Alcoa AA $10.67 -0.065 0.61% 23,641,114 NYSE: No mentions found.
American Express AXP $52.13 +0.32 0.62% 5,944,760 NYSE: No mentions found.
Bank of America BAC $7.85 -0.12 1.51% 252,999,360 NYSE: AJC pA9 "States join deal on foreclosure abuses" by AP says Arizona, Michigan Fla will join a nationwide settlement on foreclosure abuse against the 5 largest lenders, Bank of America, JPMorgan, Wells, Citi and Ally.
Boeing BA $75.2 -0.26 0.34% 4,438,621 NYSE: No mentions found.
Caterpillar CAT $113.81 +0.03 0.03% 5,129,663 NYSE: No mentions found.
Chevron CVX $106.83 +0.16 0.15% 6,034,105 NYSE: No mentions found.
CSCO $20.2 +0.01 0.05% 61,418,367 NASDAQ-GS: No mentions found.
Coke KO $68.55 +0.52 0.76% 12,117,543 NYSE: NYT pB7 "Strong Asian sales bolster Coca-Cola in 4Q" by Bloomberg, WSJ pB6 "Coke to beef up its investment in marketing" by Paul Ziobro, Fin times p12 "Coca-Cola", Inv. Bus. Daily pA2 "Coca-Cola pops on global sales", AJC pA9 "Sales up for '11, but consumers pay more" by Leon Stafford say Coke will spend $650 mil into supporting growth for its brands which continued to grow sales & volume in 4Q that saw actual earnings fall due to a gain last year. Cokes volume sales rose 3%, the weakest showing in '11 though still within its long term target for 3 to 4% growth. Quarterly profit fell to $1.65 bil or 72 cents a share from $5.77 bil or $2.46 a share a year earlier. Excluding extraordinary items, earnings rose to 79 cents from 72 cents and rev jumped 5.2% to $11 bil. Coke shaers trade at 17 times forward earnings a heft premium to the market which is why shares only ticked 1% on good 4Q earnings.
WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reported 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juices boosted sales in Asia.
Fin Times p22 "Fears over looming rules shake up hit Federated and Charles Schwab" by Ajay Makan says assets manages sold off on reports that the SEC was close to issuing proposals for the regulation of the US money market fund industry. Coke shares climbed 0.8% after it beat analyst expectations.
Disney DIS $40.98 +0.52 1.29% 20,031,868 NYSE: WSJ pB6 "Disney's profit rises 12%, but Revenue undershoots estimates" by William Launder, NYT pB3 "Disney profit lifted by ESPN and parks" by Brooks Barnes, Inv. Bus. Dail pA1, AJC pA10 "Disney rev misses estimates but profits up" say Disney's fiscal 1Q profit rose 12% helped by revised contracts with broadcast affiliates & increased customer spending & attendance at theme parks. Rev was up 0.6% to $10.78 bil below expectations of $11.18 bil For the quarter ended 12/31 Disney's profit was $1.46 bil or 80 cents a sahre up from $1.3 bil or 68 cents a year earlier.
DuPont DD $51.61 -0.17 0.33% 3,373,634 NYSE: No mentions found.
Exxon XOM $86.34 +0.59 0.69% 15,817,398 NYSE: No mentions found.
GE $19.18 +0.13 0.68% 36,010,182 NYSE: No mentions found.
Hewlett-Packard HPQ $28.95 +0.19 0.66% 14,584,958 NYSE: No mentions found.
Home Depot HD $45.46 +0.26 0.58% 9,719,987 NYSE: No mentions found.
Intel INTC $26.64 -0.08 0.3% 33,100,770 NASDAQ-GS: No mentions found.
IBM $193.35 +0.53 0.27% 3,432,953 NYSE: No mentions found.
Johnson & Johnson JNJ $65.26 +0.07 0.11% 9,216,160 NYSE: No mentions found.
Kraft KFT $38.51 -0.19 0.49% 5,800,093 NYSE: No mentions found.
McDonald's MCD $100.91 +1.42 1.43% 6,024,907 NYSE: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
USA Today p5B "Progress in Greece nudge US markets to gains" by Bloomberg says stocks advanced Tues sending the Dow to its highest since May '08 as Greece made progress on measures to secure int'l aid. McDonald's the world's biggest restaurant chain added $1.42 ahead of sales reports. Coke advanced 52 cents as the largest soft drink maker reported 4Q profit that topped analysts' estimates as teas and juicies boosted sales in Asia.
Merck MRK $38.63 +0.23 0.6% 12,447,377 NYSE: No mentions found.
Microsoft MSFT $30.35 +0.15 0.5% 39,241,313 NASDAQ-GS: Fin times p21 "Stockpickers ride again as investors hunt value trades" by Michael Mackenzie says Microsoft's shares are up 24.05% since the start of the latest bull rally and it is trading at a p/e of 11.23 with a dividend yield of 2.40%.
Pfizer PFE $21.05 +0.10 0.48% 37,375,842 NYSE: No mentions found.
Procter & Gamble PG $63.7 +0.19 0.3% 8,901,573 NYSE: No mentions found.
MMM $87.89 +0.33 0.38% 2,959,012 NYSE: No mentions found.
Travelers TRV $59.74 +0.41 0.69% 2,186,733 NYSE: No mentions found.
United Technologies UTX $80.28 -0.29 0.36% 2,799,684 NYSE: No mentions found.
Verizon VZ $37.92 -0.22 0.58% 12,473,955 DualListed: WSJ pC4 "Blue chips notch new yearly high" by Christian Berthelsen says stocks reached a new 52 week high reversing early losses on optimism that Greece was making progress on its debt crisis and that the Fed Res would keep interest rates low. McDonald's was the largest Dow gainer up $1.42. Coke rose 52 cents after it reorted 4Q earnings and rev hat exceeded estimates. Coinstar is charted under Good news after news it was teaming with Verizon on a venture.
Walmart WMT $61.69 -0.19 0.31% 6,084,398 NYSE: WSJ pB2 "To promote healthier food choices, Walmart adds labels" by Stephanie Strom says Walmart has devised standards to determine what is healthy and will label the foods accordingly.
WSJ pB7 "Walmart picks new China head" by Laurie Burkitt says Walmart named Greg Goran senior vp of Walmart Int'l as its CEO of Walmart China, as reported yesterday.
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Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
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)
Hewlett-Packard HPQ Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Lowell McAdam (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
Alcoa AA: 11/16/11 8K re: exec changes
10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results
American Express AXP: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results
GE: 11/8/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil
Hewlett-Packard HPQ: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of floating global notes
9/13/11 8K re: purchase of Autonomy Corp.
Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11
Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
IBM: 11/14/11 8K re: $10 bil Credit Agrmt
10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11
JPMorganChase JPM: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference
McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.
Pfizer PFE: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11
Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
WalMart WMT: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan
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