Posted in: DOW JONES HISTORY | Comments Off
From a niche news agency in an obscure Wall Street basement to a global news and business-information leader, the vision at Dow Jones & Company has been consistent and defining for more than a century. Excellence, integrity and innovation are the qualities which started the company in 1882, which sustained its growth in the 20th Century and which guide its progress as it pioneers new approaches to business and journalism in the digital age.
1882-1902 – Founders and Foundation
The foundation for success is laid by Charles Dow, Edward Jones and Charles Bergstresser who over two decades conceive and commence three products which define Dow Jones and financial journalism: The Wall Street Journal, Dow Jones Newswires and the Dow Jones Industrial Average. The founders state their commitment to excellence in the Journal’s first issue: “We appreciate the confidence reposed in our work. We mean to make it better.”
1882
Dow, Jones & Company’s first product is brief news bulletins hand-delivered throughout the day to traders at the stock exchange. Those “flimsies” as they are called later are aggregated in a printed daily summary called the “Customer’s Afternoon Letter.”
1889
The first edition of The Wall Street Journal is published July 8. An afternoon newspaper, it covers four pages and sells for two cents.
1896
The Dow Jones Industrial Average is officially launched.
1897
The Ticker, the real-time newswire and the fundamental source for news in the investment community, is announced.
1898
The Journal, now six pages, adds a morning edition.
1899
The Journal’s “Review & Outlook” column, which still runs in the Journal today, appears for the first time. It initially was written by Charles Dow.
source:www.dowjones.com/history.asp
leo @ October 3, 2010
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
Today’s tickers: RHT, MDRX, CQB & Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S.
market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
RHT – Red Hat, Inc. – Options activity in December contract calls on the world’s leading provider of open source solutions suggests shares in Red Hat may rally more than 10.0% to their highest in more than a decade by the end of 2011. The stock gained 1.80% this afternoon to trade at $44.57 by 12:30 pm on the East Coast, paring some losses realized earlier in this week. In the previous four weeks Red Hat’s shares moved up 17.0% on strong first-quarter earnings as well as analyst upgrades.
Bullish strategists expecting the company’s shares to extend gains purchased around 4,390 call options at the December $46 strike on open interest of just 242 contracts. Traders paid an average premium of $3.40 per contract and stand ready to profit should Red Hat’s shares surge 10.8% over the current price of $44.57 to exceed the average breakeven point to the upside at $49.40 by expiration day in December. The Raleigh, NC-based company reports second-quarter earnings after the market closes on September 22. Call buyers may see the value of their positions sky-rocket if Red Hat’s second-quarter results send the price of the underlying skyward.
MDRX – Allscripts-Misys Healthcare Solutions, Inc. – Allscripts shares rose 1.1% to $19.96 this morning after the company said it expects adjusted earnings and revenues for the second quarter to come in better than analysts’ estimates. Despite positive comments from the Chicago, IL-based company, it looks like some options traders are positioning for shares in the healthcare information services company to pullback ahead of August expiration. Allscripts reports second-quarter earnings on August 4. MDRX shares rose 9.1% in the past two weeks, but put buyers populating the stock today are prepared to benefit should shares erase recent gains in the next five weeks. It looks like investors exchanged more than 4,000 puts at the August $20 strike against previously existing open interest of just 39 contracts. Most of the puts appear to have been purchased for an average premium of $0.83 a-pop. Traders long the puts profit in the event that shares in MDRX decline 3.95% from the current price of $19.96 to breach the average breakeven point on the downside at $19.17 at August expiration. The overall reading of options implied volatility on MDRX is up 11.8% to stand at 36.80% as of 12:00 pm ET.
CQB – Chiquita Brands International, Inc. – Bullish investors took a bite out of Chiquita call options this morning with shares in the international distributor and marketer of bananas, fresh fruit and packaged produce rising 3.95% to $12.93 by 12:15 pm in New York. Traders expecting shares in Chiquita to extend gains over the next several months looked to the November $13 strike, trading more than 3,000 calls at that strike against open interest of 15 contracts. Time and sales data suggests the majority of the call options were purchased for an average premium of $1.16 each. Call buyers profit if shares in CQB surge 9.5% to exceed the average breakeven price of $14.16 at expiration in November. Shares in Chiquita Brands last traded above $14.16 at the beginning of June. The stock’s current price of $12.93 represents a 34.3% discount from CQB’s 52-week high of $17.36 on February 28. Implied volatility on the provider of fresh produce currently stands 8.1% higher on the day at 47.92% in early-afternoon trade. The company is slated to report second-quarter earnings after the final bell on July 28.
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DOW – Dow Chemical Co. – Put selling on Dow Chemical in the first 30 minutes of the trading session suggests shares are unlikely to decline in the immediate future. It looks like one strategist sold a large chunk of put options in the front month to pocket available premium in the expectation that DOW’s shares may exceed $34.00 through July expiration on Friday. Shares in the manufacturer of chemical, plastic and agricultural products increased as much as 1.3% earlier in the session to secure an intraday high of $34.50. More than 10,000 put options changed hands at the July $34 strike this morning against 3,370 previously existing open positions.
The bulk of the volume appears to be the work of one trader selling some 7,000 of the puts at that strike at a premium of $0.34 apiece. The put seller keeps the full amount of premium as long as shares in Dow Chemical Co. exceed $34.00 and the put options expire worthless at expiration on Friday. The investor runs the risk of having 700,000 shares of the underlying stock put to him at an effective price of $33.66 each – after accounting for premium received on the sale of the options – if the puts are exercised against him come expiration day. Shares in Dow Chemical currently trade more than 22.0% below the stock’s 52-week high of $42.23 achieved on May 2. The investor may be happy to take delivery of the shares at $33.66, which would represent a 25% discount off the stock’s highest price of the past 52 weeks, or to walk away with the $0.34 per contract premium in hand when the contracts expire. Dow Chemical reports second-quarter earnings ahead of the open on July 27.
Caitlin Duffy
Equity Options Analyst
Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither Interactive Brokers LLC nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither IB nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Source:http://blogs.forbes.com/greatspeculations/2011/07/13/bulls-prepping-for-a-rally-don-red-hat-call-options-go-bananas-for-chiquita/?partner=yahootix
Tags: dow jones today news history
admin2 @ July 14, 2011
Posted in: Dow Jones Today News | Comments Off
Monsanto Company’s (NYSE:MON – News) Genuity® VT Double PRO® RIB Complete™ has recently received registration from the U.S. Environmental Protection Agency (:EPA), completing federal regulatory authorization in the United States. This single-bag refuge solution is expected to help farmers in the US corn-belt simplify the planting process while protecting the crops from pests with the guarantee of overall refuge compliance for the crops.
Monsanto was the first in the industry to offer farmers a single-bag refuge solution with Genuity® SmartStax® RIB Complete™. The new VT Double PRO will now be more specialized for managing above-ground pests. However, commercialization of the new product is awaiting individual state authorizations and notifications, as required.
The registration of the new refuge is another aggressive move toward its refuge options; synonymously making corn production and refuge compliance in a single bag. The company is hopeful that the demand for the product will rise in near future. Monsanto plans to offer the product through its brands and licensees across the corn-growing area by 2012.
Monsanto Company is a leading global provider of agricultural products for farmers, operating in Seeds and Genomics and Agricultural Productivity segments. Monsanto’s biotechnology research and innovations position it as a market leader above its peers, such as Syngenta AG (NYSE:SYT – News), The Scotts Miracle-Gro Co (NYSE:SMG – News), The Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Chemical Company (NYSE:DOW – News) and BASF SE.
We currently maintain a long-term Outperform recommendation on the stock.
Source:http://finance.yahoo.com/news/MON-Genuity-VT-Gets-EPA-Nod-zacks-1878133292.html?x=0&l=1
Tags: Dow Jones Today, dow jones today news, dow jones today news histiry
admin2 @ November 19, 2011
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
Stocks snapped a two session skid, recovering from steep losses early on to end up after speculation China, in belated payback for the plundering of Marco Polo, was talking to Italy about buying its bonds. Aspirants to the Mile High Club may have set off a security scare on Sunday but there was no love in the air for Southwest (LUV), the low cost carrier losing 1.24% to a new low after an analyst downgrade. ING Groep (ING), sponsor of the New York City marathon, gave up 5.57% but one long distance runner is now on a fast track with Warren.
Bank of America (BAC) announced it is to cut costs of $5 billion, which by a cruel coincidence for the 30,000 who will lose their jobs is exactly the same amount as Buffett’s bet. And some guys have all the luck. Tom Brady, married to a supermodel and endorser of Ugg maker Deckers Outdoor (DECK) — up a tidy 2.98% yesterday — topped it all off by putting in the performance of his life. No top-tier economic data out today, but earnings are expected out of Best Buy (BBY), Cracker Barrel (CRBL), Global Traffic Network (GNET), and K12 Inc (LRN).
Initiations
Goldman Sachs (GS): The bank is begun with an Equal Weight at Morgan Stanley.
Asset Managers: Apollo Global Management (APO) is a new Buy at Ticonderoga, which assigns it a price objective of $17. Positives include a business model which boasts low capital requirements, is high margin, and has a healthy mix of stable fee income. Blackstone (BX) is also begun with a Buy and $17 target price. By contrast, Ticonderoga is less favorable on Kohlberg Kravis Roberts & Co. (KKR), rating it only a Neutral.
Catalyst Health Solutions (CHSI): Shares are a new Neutral at Goldman.
Meridian Bioscience (VIVO): Piper Jaffray picks up VIVO with an Underweight.
American Capital Mortgage (MTGE): MTGE is begun with a Buy rating and $22 target at Deutsche Bank.
Aircastle (AYR): Barclays rolls out Overweight coverage on AYR.
Dolby Labs (DLB): DLB is initiated with a Neutral at Merriman.
SodaStream (SODA): Janney Montgomery Scott starts SODA at a Buy, sending their shares up before the bell.
Netflix (NFLX): NFLX is a new Neutral at Susquehanna, which sets a $193 target.
Upgrades
JPMorgan Chase (JPM): The Dow member gets a Buy-from-Hold boost at Stifel Nicolaus, whose price objective is $40.
Lockheed Martin (LMT): LMT gets lifted to Neutral from Sell at Goldman.
MGM Resorts (MGM): the casino company is upgraded to Buy from Hold with a $15 target price at Brean Murray.
Monsanto (MON): MON is moved to Buy from Neutral at Chardan, which takes its target up to $85 from $74. The firm notes fertilizer supply-demand fundamentals remain attractive.
Sunpower (SPWRA): The stock is upgraded to Buy from Hold at Auriga amid an improved valuation.
Alnylam Pharma (ALNY): ALNY is increased to Outperform from Market Perform at Leerink Swann.
Health Management Associates (HMA): HMA is upgraded to Outperform at Oppenheimer.
Kansas City Southern (KSU): The shares are hoisted to Buy from Hold at Citigroup.
Coca-Cola Enterprises (CCE): CCE is upgraded to Buy from Neutral at UBS.
Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Chemical (DOW): DOW is raised to Outperform from Perform at Credit Agricole.
Fifth Third (FITB): The regional bank is upgraded to Outperform from Sector Perform at RBC Capital, which says it is attractively valued relative to peers.
Downgrades
FedEx (FDX): FDX is downgraded to Sector Perform from Outperform at RBC Capital.
Martin Marietta (MLM): MLM is moved to Sell from Hold at Citigroup.
NetLogic (NETL) is now Hold from Buy at Needham, which does not believe there will be a competing bid after the proposed acquisition offer by Broadcom (BRCM). See also Broadcom to Strengthen on NetLogic Buy.
Sunstone Hotel (SHO): Shares are now Neutral from Overweight at JP Morgan.
SolarWinds (SWI): SWI is cut to Underweight from Equal Weight at Morgan Stanley. Also read Solyndra Folds, and So Does Dream of US Leadership in Alternative Energy.
Qlik Tech (QLIK) Shares are cut to Equal Weight from Overweight at Morgan Stanley.
Hospira (HSP): The stock is now Equal Weight from Overweight at Barclays.
Source:http://finance.yahoo.com/news/Wall-to-Wall-Street-Coverage-minyanville-2076991416.html?x=0&.v=1
Tags: dow jones today news, dow jones today.history
admin2 @ September 14, 2011
Posted in: DOW JONES HISTORY | Comments Off
1902 – 1941 – Professionals and Progress
Dow Jones is acquired in 1902 by the leading financial journalist of the day, Clarence Barron. Over the next 30 years, Barron recruits and develops a generation of journalists who further Dow Jones’s reputation for excellence. Those journalists would lead the company successfully through the Great Depression and into a new era of prosperity and progress.
1921
Barron’s, America’s premier financial weekly, is founded; its first editor is Clarence Barron.
1926
A motor-driven version of the “Ticker” – a key innovation in the delivery of real-time news – was developed by the Dow Jones engineering department.
1929
The first issue of the Pacific Coast Edition of the Journal rolls off the presses on Oct. 21, eight days before the great stock-market crash.
1930
Dow Jones is incorporated in New York. It is now known as Dow Jones & Company after the comma is dropped from the former Dow, Jones & Company.
1934
Afternoon edition of the Journal ceases.
Chief Executive Officer Casey Hogate begins a series of changes during the next decade that ultimately result in the metamorphosis of the Journal into a new kind of daily newspaper. One of these changes is advent of the “What’s News” column. Created by Bernard “Barney” Kilgore, that column was the first major summary of the news, a precursor to omnipresent summaries and digests on the Internet today.
source:www.dowjones.com/history.asp
leo @ October 3, 2010
Posted in: DOW JONES HISTORY | Comments Off
1941-1967 – The Journal’s Genius
Barney Kilgore takes over as managing editor of the Journal in 1941 and as CEO of Dow Jones in 1945, setting the company on a new and revolutionary course. In print, Dow Jones isn’t satisfied reporting “what happened”; our publications redefine journalism to include “what it means.” In business, the Journal would harness new technologies such as microwaves to open new markets to readers in distant cities.
1947
The Journal wins its first Pulitzer Prize for editorials by William Henry Grimes.
1948
The Journal launches a Southwest edition
1950
The Journal launches a Midwest edition
1953
When the New York Stock Exchange cancels its Saturday trading session, the Journal ceases publication of a Saturday edition
1962
Making innovative use of microwave technology, Dow Jones is able to reproduce newspaper pages by facsimile over long distances – a vital step toward a truly national newspaper
1966
Now with regional editions spanning the U.S., the Journal counts more than one million subscribers for the first time.
source:www.dowjones.com/history.asp
Tags: Dow Jones, Dow Jones History, Dow Jones Today
leo @ October 3, 2010
Posted in: DOW JONES HISTORY | Comments Off
1967–2007 – Innovation and Globalization
Innovation would define Dow Jones in the 40 years after Kilgore’s death in 1967 as the news moved into space and online. Dow Jones pioneered the use of satellites to transmit newspaper pages and make possible a daily newspaper on truly national scale. A decade before the Internet, Dow Jones was storing and coding its news digitally so that it could be accessed online. Factiva’s content and technology tools set the standard for innovation and quality in the news and information industry. The Journal, Newswires and Dow Jones Indexes built successful franchises in Europe and Asia.
1967
Dow Jones Newswires begins a major expansion outside the U.S. that ultimately puts journalists in every major financial center in Europe, Asia, Latin America, Australia and Africa.
1970
Dow Jones buys the Ottaway newspaper chain, which at the time comprised nine dailies and three Sunday newspapers.
1971
A joint venture with Bunker Ramo is the advent of electronic delivery of news from Dow Jones Newswires in an age before personal computers. It would also mark the company’s pioneering efforts to store news and information electronically, a business that would evolve into Factiva.
1976
The Asian Wall Street Journal is launched.
1983
The Wall Street Journal Europe is launched.
1995
The initial version of the WSJ.com appears online. Content won’t be all that distinguishes the Journal on the Web. Dow Jones insists that its differentiated content is worth paying for and thus built the Internet’s most successful paid news Web site.
1997
The Dow Jones Industrial Average is licensed for the first time, setting in motion a successful new business called Dow Jones Indexes.
2005
MarketWatch is acquired, adding a key component to what will become the Wall Street Journal Digital Network
The Journal resumes publication on Saturday with the debut of Weekend Edition.
2006
Factiva is acquired, extending the suite of business-to-business products in what later will become the Dow Jones Enterprise Media Group.
2007
Dow Jones is acquired by News Corp., the world’s most global media company.
Les Hinton takes over as chief executive. Robert Thomson becomes editor-in-chief and later managing editor of the Journal.
source:www.dowjones.com/history.asp
Tags: Dow Jones, Dow Jones History, Dow Jones Today
leo @ October 3, 2010
Posted in: DOW JONES HISTORY | Comments Off
2007 and beyond – Something Bigger
News Corp. acquires Dow Jones in December 2007, and the horizons expand again. Now part of a global media company which includes Fox, SKY, HarperCollins and newspapers from London to Sydney, Dow Jones reinvents the Journal for a new era of news. Now the Journal covers more political and general news along with its leading business coverage. Fresh investment delivers new game-changing business intelligence tools as well as new markets in Europe and Asia. At a time when other media companies are retrenching, Dow Jones is moving aggressively to build on the success of the past and to capture the opportunity of the future.
2008
The Journal is reconceived as a more complete source of news with expanded coverage of national and international events as well as more opinion, culture and sports.
Audiences expand. In addition to growth in paid circulation at the Journal, there are new local language products from Newswires in Spanish, Dutch and Arabic. Newswires also expands significantly in India.
Dow Jones Indexes launches the Global Dow, a global version of the Dow Jones Industrial Average aggregating 150 blue-chip stocks from around the world.
WSJ., the Journal’s glossy lifestyle magazine debuts world-wide.
2009
Ottaway Newspapers Inc. is renamed the Dow Jones Local Media Group.
The company moves its headquarters to midtown Manhattan where at 1211 Avenue of the Americas it joins its sister companies at News Corp. under one roof.
source:www.dowjones.com/history.asp
Tags: Dow Jones, Dow Jones History, Dow Jones Today
leo @ October 3, 2010
Posted in: DOW JONES HISTORY | Comments Off
DOW JONES TODAY
he
Dow Jones Industrial Average (play /daʊ dʒəʊnz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S.
market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
leo @ October 3, 2010
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
When a company that pays dividends starts to find that it has a lot of leftover earnings, it may opt to increase its dividend or offer a one-time special dividend to its shareholders. The situation is not unusual in companies that have a very low payout ratio, meaning that it pays out a smaller amount of its net earnings as dividends. The dividends in these companies are also more sustainable.
Using the stock screener at Finviz, we developed a list of high dividend stocks that could afford to double dividend payments. Each company on this list pays at least 3% in annual dividends and has less than a 40% payout ratio.
International Paper Co. (IP) is a paper and paper products company with a $13.10B market cap. It pays a dividend of 3.50% and has a payout ratio of 27.17%. IP’s EPS is expected to grow by 5.50% per annum over the next five years. It is currently trading at $30.08 a share. David Tepper’s Appaloosa Management had $77.12 million in IP at the end of the third quarter. Ron Gutfleish’s Elm Ridge Capital, Jim Simons’ Renaissance Technologies and D.E. Shaw’ D E Shaw are also fans of the company.
Sempra Energy (SRE) is a gas utilities company with a $13.15B market cap. It has a dividend yield of 3.50% and a payout ratio of 32.71%. SREs EPS is expected to grow by 7.00% per annum over the next five years. It is currently trading at $55.29 a share. Phill Gross and Robert Atchinson’s Adage Capital Management increased its position in SRE by +43% in the third quarter, leaving it with a position in the company worth over $47.86 million at the end of September. Clint Carlson’s Carlson Capital and John A. Levin’s Levin Capital Strategies also like SRE.
Northrop Grumman Corporation (NOC) is a major diversified aerospace defense company with a $15.33B market cap. It has a dividend yield of 3.41% and a payout ratio of 30.93%. NOC’s EPS is expected to grow by 7.94% per annum over the next five years. It is currently trading at $58.60 a share. Jean-Marie Eveillard’s First Eagle Investment Management had $249.07 million invested in NOC at the end of September after increasing its holding in the company by +49% in the third quarter. Cliff Asness’ AQR Capital Management and David Dreman’s Dreman Value Management are also fans of the company.
Williams Companies, Inc. (WMB) is an oil and gas pipelines company with a $15.81B market cap. It has a dividend yield of 3.73% and a payout ratio of 37.77%. WMB’s EPS is expected to grow by 19.50% per annum over the next five years. It is currently trading at $26.94 a share. James Crichton and Adam Weiss’ Scout Capital Management had $355.07 million invested in WMB at the end of September after upping its stake in the company by +145% during the third quarter. Jeffrey Tannenbaum’s Fir Tree also likes WMB. The fund had $317.42 million invested in the company at the end of the third quarter.
Raytheon Co. (RTN) is a major diversified aerospace defense company with a $16.80B market cap. It has a dividend yield of 3.54% and a payout ratio of 33.30%. RTN’s EPS is expected to grow by 8.43% per annum over the next five years. It is currently trading at $48.62 a share. Phill Gross and Robert Atchinson’s Adage Capital Management had $266.09 million in RTN after upping its holding in the company by +11% in the third quarter. RTN is also a top pick for Alexander Roepers’ Atlantic Investment Management and Ron Gutfleish’s Elm Ridge Capital.
Kellogg Company (K) is a processed foods and packaged goods company with a $18.12B market cap. It has a dividend yield of 3.41% and a payout ratio of 37.47%. K’s EPS is expected to grow by 7.94% per annum over the next five years. It is currently trading at $50.40 a share. Phill Gross and Robert Atchinson’s Adage Capital Management had a position in K worth $140.69 million at the end of the third quarter. Israel Englander’s Millennium Management and Cliff Asness’ AQR Capital Management also like the company.
BlackRock, Inc. (BLK) is an asset management company with a 32.43B market cap. It has a dividend yield of 3.03% and has a payout ratio of 28.64%. BLK’s EPS is expected to grow by 16.96% per annum over the next five years. It is currently trading at $180.01 a share. Bill Miller’s Legg Mason Capital Management had over $160.25 million invested in BLK at the end of September after increasing its position in the company by +5% during the third quarter. John Paulson’s Paulson & Co is also a fan of BLK.
The Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the
stock market. It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Chemical Company (DOW) is a major diversified chemicals company with a $35.21B market cap. It has a dividend yield of 3.36% and a payout ratio of 32.23%. DOW’s EPS is expected to grow by 9.00% per annum over the next five years. It is currently trading at $29.92 a share. Phill Gross and Robert Atchinson’s Adage Capital Management, Ray Dalio’s Bridgewater Associates and D. E. Shaw’s D E Shaw each had significant positions in DOW at the end of the third quarter.
ConocoPhillips (COP) is a major integrated oil and gas company with a $98.48B market cap. It has a dividend yield of 3.56% and a payout ratio of 32.21%. COP’s EPS is expected to grow by 5.92% per annum over the next five years. It is currently trading at $73.85 a share. Warren Buffett’s Berkshire Hathaway had more than 3% of its portfolio invested in COP at the end of the third quarter, in a position valued at $1.84 billion at the end of September. Jean-Marie Eveillard’s First Eagle Investment Management and Bill Miller’s Legg Mason Capital Management are also fans of the company.
Intel Corporation (INTC) is a diversified electronics company with a $124.96B market cap. It has a dividend yield of 3.42% and a payout ratio of 30.30%. INTC’s EPS is expected to grow by 10.65% per annum over the next five years. It is currently trading at $25.09 a share. Paul Ruddock and Steve Heinz’s Lansdowne Partners had $491.52 million in INTC at the end of the third quarter. Ken Fisher’s Fisher Asset Management and Jean-Marie Eveillard’s First Eagle Investment Management are also fans of the company.
Tags: Dow Jones Today, dow jones today news, dow jones today news history
admin2 @ January 7, 2012
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
Here at The Motley Fool, I’ve long cautioned investors to keep a close eye on inventory levels. It’s a part of my standard diligence when searching for the market’s bestStock
Stock typically takes the form of shares of either common
stock or preferred stock. As a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions. Preferred stock differs from common stock in that it typically does not carry voting rights but is legally entitled to receive a certain level of dividend payments before any dividends can be issued to other shareholders.[3][4] Convertible preferred stock is preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Shares of such stock are called “convertible preferred shares” (or “convertible preference shares” in the UK)
New equity issues may have specific legal clauses attached that differentiate them from previous issues of the issuer. Some shares of common stock may be issued without the typical voting rights, for instance, or some shares may have special rights unique to them and issued only to certain parties. Often, new issues that have not been registered with a securities governing body may be restricted from resale for certain periods of time.
Preferred stock may be hybrid by having the qualities of bonds of fixed returns and common stock voting rights. They also have preference in the payment of dividends over common stock and also have been given preference at the time of liquidation over common stock. They have other features of accumulation in dividend.
s. I think a quarterly checkup can help you spot potential problems. For many companies, products that sit on the shelves too long can become big trouble. Stale inventory may be sold for lower prices, hurting profitability. In extreme cases, it may be written off completely and sent to the shredder.
Basic guidelines
In this series, I examine inventory using a simple rule of thumb: Inventory increases ought to roughly parallel revenue increases. If inventory bloats more quickly than sales grow, this might be a sign that expected sales haven’t materialized.
How is International Flavors & Fragrances doing by this quick checkup? At first glance, OK, it seems. Trailing-12-month revenue increased 7.6%, and inventory increased 6.1%. Over the sequential quarterly period, the trend looks healthy. Revenue dropped 0.3%, and inventory dropped 5.9%.
Advanced inventory
I don’t stop my checkup there, because the type of inventory can matter even more than the overall quantity. There’s even one type of inventory bulge we sometimes like to see. You can check for it by examining the quarterly filings to evaluate the different kinds of inventory: raw materials, work-in-progress inventory, and finished goods. (Some companies report the first two types as a single category.)
A company ramping up for increased demand may increase raw materials and work-in-progress inventory at a faster rate when it expects robust future growth. As such, we might consider oversized growth in those categories to offer a clue to a brighter future, and a clue that most other investors will miss. We call it “positive inventory divergence.”
On the other hand, if we see a big increase in finished goods, that often means product isn’t moving as well as expected, and it’s time to hunker down with the filings and conference calls to find out why.
Let’s dig into the inventory specifics. On a trailing-12-month basis, finished goods inventory was the fastest-growing segment, up 21.2%. That can be a warning sign, so investors should check in with International Flavors & Fragrances’s filings to make sure there’s a good reason for packing the storeroom for this period. On a sequential-quarter basis, work-in-progress inventory was the fastest-growing segment, up 0.5%. International Flavors & Fragrances seems to be handling inventory well enough, but the individual segments don’t provide a clear signal.
Foolish bottom line
When you’re doing your research, remember that aggregate numbers such as inventory balances often mask situations that are more complex than they appear. Even the detailed numbers don’t give us the final word. When in doubt, listen to the conference call, or contact investor relations. What at first looks like a problem may actually signal a stock that will provide the market’s best returns. And what might look hunky-dory at first glance could actually be warning you to cut your losses before the rest of the Street wises up.
I run these quick inventory checks every quarter. To stay on top of the inventory story at your favorite companies, just use the following handy links to add companies to your free watchlist, and we’ll deliver our latest coverage right to your inbox.
Source:http://www.fool.com/investing/general/2011/12/18/one-reason-international-flavors-fragrances-may-be.aspx
Tags: Dow Jones Today, dow jones today news, dow jones today news history
admin2 @ December 19, 2011
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
The World Economic Forum’s (“WEF”) releases, each year, an outlook for the upcoming year. Currently, WEF’s “Outlook on the Global Agenda 2012” is evoking consideration from policymakers. This outlook is a noteworthy set of analyses and policy recommendations meant for those who accept the necessity for change. WEF presented its findings at its Annual Summit held in the United Arab Emirates (“UAE”) in October 2011. The agenda will be discussed at the annual meeting in Davos, Switzerland, in January 2012.
The World Economic Forum is a stand-alone global entity, which seeks to improve conditions by involving all stakeholders in both local and global matters. It believes that a global agenda is required, for 2012, to tackle problems on multiple arenas such as regime changes in the Middle East or the economic crisis in Europe. Furthermore fresh models are needed to ensure the well-being of a growing population inhabiting the planet.
The agenda largely revolves around issues such as, the political paralysis in Europe and the U.S., the problems in the Euro zone, global power shifts, challenges arising from demographics, scarcity of resources and environment. WEF expects instability, in 2012, on account of factors such as lack of confidence in existing institutions and the absence of a solid global financial regulatory system.
Firstly, WEF duly noted that as the current economic crisis plays out in Europe, there is considerable risk of the problems spiraling out of control on account of the global linkages among economies. Unless macro economic problems are rapidly sorted out, the global economy can easily slip into a double dip recession.
The WEF makes several suggestions for tackling the crisis, including dealing with the Euro zone problem by addressing the solvency issue of Italy, Greece and others; as well as providing a long-term game plan for institutional reform. The effort to stabilize EU nations requires recapitalization of banks exposed to sovereign debt and ensuring liquidity.
Further, unpredictable flows of hot money flowing from one region to another expose nations to systemic risk. The Chiang Mai Initiative, the Latin American reserve and the European Financial Stability Facility (“EFSF”) are steps taken to ensure regional economic stability.
The WEF believes that we are witness to a shift of influence from West to East and North to South. It also expects a transfer of power from super powers to a coalition of nations, based on geography, shared concerns and economics.
The U.S. and Europe will have to battle to get out of their economic morass. However, despite their current economic plight, they will maintain leadership in technology development and the financial services.
Furthermore, the influence of an emerging social media will continue to dominate headlines. Examples include WikiLeaks and the Occupy Wall Street movements, who would wield influence on government attitudes towards big business and institutional hegemony.
In conclusion, WEF expects the chase for natural resources will lead to a shift in power from more powerful to weaker nations, who may be blessed with oil, copper and other resources. Companies domiciled in the BRIC nations and South Africa will increasingly jostle for control of resources. The WEF suggests the establishment of a multi-polar monetary system consisting of traditional global financial institutions, such as the IMF, working in tandem with regional partners to help tackle crises, such as in Europe.
Thirdly, there is an urgent requirement for fresh growth models, which will provide for inclusive growth. Welfare economics, as espoused by Dr. Amartya Sen of Harvard University, seeks to measure economic policies in terms of their impact on the entire community. The European social model describes a commonly held vision for a society that combines economic growth with full employment and social inclusion.
Despite massive unemployment in countries, as varied as Pakistan and Ireland, employers are often unable to fill vacancies due to a skills deficit. Among other suggestions, WEF encourages life-long learning, courses in entrepreneurial development and public-private partnerships to generate employment.
Fourthly, while commenting on the environment, the WEF believes that forward-looking institutions must manage sustainable economic growth in light of a deficit of natural resources, particularly water, as well as climate change. It believes that total resource management is imperative, which will take into account factors such as, energy, water, food, demographics and economic growth.
Multinationals, such as Exxon Mobil Corporation (NYSE:XOM – News), Delta Air Lines Inc. (NYSE:DAL – News), Citibank part of Citigroup, Inc. (NYSE:C – News), The Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S.
market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Chemical Company (NYSE:DOW – News), E. I. du Pont de Nemours and Company (NYSE:DD – News), International Business Machines Corp. (NYSE:IBM – News) and Baxter International (NYSE:BAX – News) are global citizens who should act as stewards of sustainable growth and innovation leaders in their communities.
Source:http://finance.yahoo.com/news/WEF-Sets-Roadmap-2012-zacks-865143584.html?x=0
Tags: Dow Jones Today, dow jones today news, dow jones today news history
admin2 @ December 17, 2011
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
MIDLAND, Mich.–(BUSINESSWIRE)– The following is an opinion editorial provided by Robert D. Hansen, president and CEO, Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S.
market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Corning Corporation & Stephanie A. Burns, chairman, Dow Corning Corporation:
The trade case brought against Chinese solar manufacturers by U.S. solar-panel producer SolarWorld and six other domestic equipment makers could undermine the solar industry’s significant progress at the very moment it is poised for success.
With a largely jobless recovery here at home and a Chinese economy that is “cooling down,” a trade war over solar module production threatens both nations’ economies and the global viability of the solar industry overall.
Currently, the U.S. Department of Commerce is investigating whether or not it should impose preliminary tariffs in the case – this is occurring against the backdrop of a growing chorus of political rhetoric. Meanwhile, China’s Commerce Ministry is not standing idle—they are gearing up for action. It appears they are serious about initiating their own measures in anticipation of the U.S. advocating for trade remedies to be put in place.
At a time of economic dislocation and discontent, it is tempting to politicize trade disputes. But no nation or industry “wins” when these disputes escalate—and the unintended consequences of such an escalation will most likely outweigh the larger, negative impact on this important relationship with our largest trading partner.
The pending case raises concerns, but resolving this issue through an adversarial confrontation will impede both countries’ abilities to benefit from a growing solar market both in the U.S. and abroad. Such benefits are only possible through lower prices catalyzed by healthy competition between global manufacturers. Countries around the world realize the economic contributions the solar industry can provide, and are supporting new technologies and markets. This is not news. But to be clear: Competition and incentives need to be fair for all industry players.
Our companies, Dow Corning Corporation and Hemlock Semiconductor Group are among the world’s leading suppliers of polysilicon and other key solar materials that power solar innovation. Together, our common goal is to contribute to and support a thriving solar industry. Our recent U.S. investments of more than $5 billion back up that statement. We are expanding research, development and manufacturing capacity for materials such as polysilicon to help meet growing global demand. Our investments have made positive contributions toward getting the economy back on track – creating thousands of high paying jobs in economically hard-hit states like Michigan and Tennessee.
Further, our business analyses indicate that now is the time for America’s solar industry to take off. The amount of new solar wattage installed in the U.S. has been growing more than 70 percent per year since 2008. Last year alone, the solar industry created approximately 100,000 jobs, an increase of nearly 7 percent.
As the solar industry continues to mature, the steep decline in solar panel prices have made solar energy affordable, delivering significant benefits for consumers while encouraging the development of large-scale photovoltaic projects. These installations, from residential rooftops to utility-scale solar farms are helping the economy and the environment.
Continued investments made by domestic and foreign solar companies will allow solar to play an increasingly pivotal role in our country’s energy mix. And, as the solar industry continues to grow and achieve economies of scale, it will further drive job creation in communities around the country, up and down the value chain from manufacturing to installation.
The world wants and needs growing, sustainable and environmentally beneficial sources of energy. To that end, a growing U.S. solar market is good business for everyone – for our companies and dozens of other domestic manufacturers; for distributors, developers, and installers; and for households, small businesses and other enterprises.
In a down economy, the numbers help tell the tale: A recent Forbes story notes that the U.S. was a $5.6 billion gross exporter in solar-related products in 2010 – exporting $1.9 billion more than it imported – including net exports of approximately $400 million to China.
The solar industry is ready for its moment in the sun: Here at home, we hope fairness prevails so that the investigatory process proceeds without acrimony, political overzealousness or protectionism; at stake are U.S. jobs, U.S. exports, and U.S. consumer benefits for a strategically important U.S industry.
About Dow Corning
Dow Corning (dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company’s Dow Corning® and XIAMETER® brands. Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States. Dow Corning’s global operations adhere to the American Chemistry Council’s Responsible Care® initiative, a stringent set of standards designed to advance the safe and secure management of chemical products and processes.
About Hemlock Semiconductor Group
Hemlock Semiconductor Group (hscpoly.com) consists of several joint venture companies owned by Dow Corning Corporation, Shin-Etsu Handotai and Mitsubishi Materials Corporation. Hemlock Semiconductor is a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices and solar cells and modules. Hemlock Semiconductor began its operations in 1961.
Source:http://au.finance.yahoo.com/news/Dow-Corning-Hemlock-bwaunz-2623630481.html?x=0&.v=1
Tags: Dow Jones Today, dow jones today news, dow jones today news history
admin2 @ December 16, 2011
Posted in: DOW JONES HISTORY, Dow Jones Today News | Comments Off
Chicago, IL – December 13, 2011 – Zacks Equity Research highlights Spectra Energy Corp. (NYSE:SE – News) as the Bull of the Day and Citi Trends, Inc. (NasdaqGS:CTRN – News) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on E. I. du Pont de Nemours and Company (NYSE:DD – News), BASF SE (Other OTC:BASFY.PK – News) and The Dow
The
Dow Jones Industrial Average (play /da? d???nz/), also referred to as the Industrial Average, the
Dow Jones, the Dow 30, or simply the Dow, is a
stock market index, and one of several indices created by Wall Street Journal editor and
Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard
trading session in the
stock market. It is the second oldest U.S.
market index after the Dow Jones Transportation Average, which was also created by Dow.
The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry. The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average. The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely watched U.S. benchmark indices tracking targeted stock market activity. Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index’s performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm. Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies. Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world’s largest futures exchange company, which owns 90% of the indexing business founded by Dow Jones, including the Industrial Average.
Chemical Company (NYSE:DOW – News).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Bull of the Day:
We maintain our Outperform recommendation for Spectra Energy Corp. (NYSE:SE – News) shares following better-than-expected third quarter 2011 results. The outperformance was driven by strong growth from expansion projects, higher commodity prices and a stronger Canadian dollar.
With third-quarter results showing an improvement, management remains optimistic about the company’s performance going forward and looks to deliver or exceed its full-year earnings per share forecast of $1.65. It also remains focused on investing more than $5 billion in expansion capital over the next five years.
With a market-leading position and strong investment opportunities, we expect Spectra to sustain its growth momentum. Our $35 price objective reflects a 2012 P/E multiple of 18.4x, which is trading at the upper end of the historical range.
Bear of the Day:
Citi Trends, Inc. (NasdaqGS:CTRN – News) falling comparable store sales, coupled with rising operating expenses battered the third-quarter 2011 results. The company incurred a quarterly loss of $0.38 per share that broadened from the prior-period loss of $0.03. The Zacks Consensus Estimate for the quarter was a loss of $0.37 per share.
Further, due to uncertainty hovering around sales given the global economic unrest, the company rolled back its earnings guidance range of $1.25 to $1.35 per share for fiscal 2011. The company decided not to provide any guidelines unless it finds any near-term catalysts to drive sales.
Intense competition from other retailers, seasonal nature of business and risks associated with sourcing merchandise from developing countries may further undermine the company’s future growth prospects. Currently, we are maintaining a long-term Underperform recommendation on the stock.
Latest Posts on the Zacks Analyst Blog:
DuPont Trims 2011 Outlook
E. I. du Pont de Nemours and Company (NYSE:DD – News) has slashed its full-year 2011 outlook citing slower growth in some of its businesses due to weakness in the company’s end markets.
For 2011, DuPont forecasts earnings in the range of $3.87-$3.95, down from its earlier forecast of $3.97-$4.05. The company’s lowering of outlook reflects destocking in some industrial supply chains that has sped up in the current quarter, due to softening demand in consumer electronics and continued weakness in housing and construction markets.
As per the company, it is seeing slower growth in certain segments driven by global economic uncertainty, which contributed to the ongoing conservative cash management in some supply chains.
However, not all of DuPont’s businesses are suffering. As per the company, demand in its agriculture and food segment continues to be strong, due to solid volume growth during the current summer months in Latin America.
Recently, DuPont released its third-quarter results; reporting a net income of $452 million or 69 cents per share in the third quarter of 2011 from $367 million or 40 cents per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate of 56 cents per share.
The improvement in profit was attributable to higher selling prices, increased sales volume and currency benefit, partly offset by higher raw material, energy, and freight costs.
Sales in the quarter grew 32% to $9.2 billion, up from the Zacks Consensus Estimate of $8.9 billion. The increase in sales reflected a rise of 1% in sales volume, a hike of 15% in local price, 4% currency benefit and 12% net increase from portfolio changes. Sales in the developing markets rose 38%.
DuPont is a global chemical and life sciences company, employing more than 60,000 people worldwide with a diverse array of product offerings. With over 21,000 patents and 15,000 patent applications worldwide, DuPont sells its products in diverse markets, such as transportation, construction, apparel, agriculture, nutrition and health, packaging and electronics markets.
DuPont faces stiff competition from BASF SE (Other OTC:BASFY.PK – News) and The Dow Chemical Company (NYSE:DOW – News).
The company currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. In addition, we reiterate our long-term Neutral recommendation on the stock
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Source:http://finance.yahoo.com/news/Zacks-Bull-Bear-Day-zacks-850999247.html?x=0
Tags: dow jones toda news.history, Dow Jones Today
admin2 @ December 14, 2011
