SKY News Summary 05-10-12
Jobless claims for the week ending April 28, were very positive. The initial claims number decreased a substantial 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750.
http://www.ows.doleta.gov/press/2012/050312.asp
Earnings
IBM
http://www.ibm.com/investor/1q12/presentation/1q12.pdf
Johnson Controls
http://www.johnsoncontrols.com/publish/us/en/news.html?newsitem=http%3A%2F%2Fjohnsoncontrols.mediaroom.com%2Findex.php%3Fs%3D113%26item%3D2849
Kimberly Clark
http://files.shareholder.com/downloads/KMB/1707715307×0x561506/306bbe73-a89b-45c4-a21c-b820c04ff8b0/KMB_1Q_2012_Slides_Final_pptx.pdf
SKY News Summary 05-03-12
Economic news continues to flip-flop – sometimes good, sometimes not-so-good. The drop in jobless claims was a pleasant surprise, but the drop in new factory orders was an unpleasant surprise. Perhaps April’s numbers are looking healthier than the recently-released March numbers. According to Bloomberg, 71 percent of companies are beating earnings projections.
http://www.bloomberg.com/news/2012-05-03/u-s-stock-futures-little-changed-visa-drops-on-probe.html
The initial jobless claims numbers for the week ending April 28, decreased by 27,000 to 365,000 claims. This number is in accordance with the 360,000 level we were seeing in the first quarter and the 348,000 we saw February 11, 2011. At that point the 4-week average was 365, 250. Currently, the 4-week moving average is 383,500.
http://www.ows.doleta.gov/press/2012/050312.asp
Personal income increased by $50.3 billion, or 0.4 percent, and disposable personal income (DPI) increased $42.5 billion, or 0.4 percent, in March, compared to a 0.3 percent increase and 0.2 percent increase the month before.
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
New factory orders decreased 4.2 percent in March. Excluding transportation, new orders decreased 1.1 percent. Excluding defense, new orders decreased 4.6 percent. Shipments, however, increased 1.0 percent, following a 0.3 percent decrease in February, with machinery up 6.5 percent. Inventories increased $1.7 billion or 0.4 percent.
http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
Construction spending increased 0.1 percent in March, which was 6.0 percent above the March 2011 estimate of $762.6 billion. Private construction rose 0.7 percent while public construction dropped 1.1 percent, with educational construction falling 1.2 percent.
http://www.census.gov/construction/c30/pdf/release.pdf
Earnings
Becton, Dickinson
http://www.bd.com/resource.aspx?IDX=26760
BP
http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7074445
Chevron
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTM3NDAxfENoaWxkSUQ9LTF8VHlwZT0z&t=1
CB&I
http://phx.corporate-ir.net/phoenix.zhtml?c=66838&p=irol-newsArticle_Print&ID=1686780&highlight=
Citi
http://www.citigroup.com/citi/investor/data/p120416a.pdf?ieNocache=848
ConocoPhillips
http://www.conocophillips.com/EN/investor/presentations_ccalls/Documents/1Q12_Earnings_slides_color.pdf
Danaher
http://phx.corporate-ir.net/phoenix.zhtml?c=82105&p=RssLanding&cat=news&id=1684822
Diageo
http://www.diageo.com/en-row/investor/Pages/resource.aspx?resourceid=1259
Exxon
http://www.exxonmobil.com/Corporate/Files/news_presentation_1q12.pdf
Fifth Third
http://phx.corporate-ir.net/phoenix.zhtml?c=72735&p=irol-newsArticle&ID=1684826&highlight=
GE
http://www.ge.com/pdf/investors/events/04202012/ge_webcast_presentation_04202012.pdf
General Mills
http://phx.corporate-ir.net/phoenix.zhtml?c=74271&p=irol-newsArticle&ID=1674809&highlight=
Gilead
http://www.gilead.com/pr_1688123
Halliburton
http://www.halliburton.com/public/news/pubsdata/press_release/2012/Q1_Earnings_Release_Final.pdf
HP
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTI3NDA1fENoaWxkSUQ9LTF8VHlwZT0z&t=1
Sources: Company websites, Census Bureau, and BEA, DOL, and Bloomberg websites.
SKY News Summary 04-19-12
It seems the economy is as quirky as the recent weather. Manufacturing, retail sales, housing, and jobless claims were disappointing, but look great compared to last year.
Retail and food services sales for March increased 0.8 percent after increasing 1.0 percent in February, and are 6.5 percent above March 2011. The rise from February to March 2012 is well above the median market forecast of 0.3 percent increase. Building material and garden equipment and supplies dealers sales were up 14.1 percent from March 2011 and nonstore retailers were up 9.3 percent from last year. Total motor vehicle sales, by far the largest component of retail sales, was up 0.9 percent after rising 1.3 percent in February.
http://www.census.gov/retail/marts/www/marts_current.pdf
Recent retail sales figures, show sales slowing in the post-Easter period. According to ICSC, the “ICSC‐Goldman Sachs weekly chain store sales index fell by 1.0%, which was its first sequential decline in three weeks.”
http://www.icsc.org/homepage/research_article.php?id=434
Quite a bit of home sales data was reported this week, starting with February’s existing-home sales which declined 0.9, but are 8.8 percent higher than February 2011. Lawrence Yun, NAR chief economist, said, “The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers the confidence they need to get into the market. Although relatively unusual, there will be rising demand for both rental space and homeownership this year. The great suppression in household formation during the past four years was unsustainable, and a pent-up demand could burst forth from the improving economy.” The national median existing-home price for all housing types was $156,600 in February, up 0.3 percent from February 2011. Total housing inventory at the end of February rose 4.3 percent to 2.43 million existing homes, representing a 6.4-month, which is 19.3 percent below a year ago.
http://www.realtor.org/news-releases/2012/03/february-existing-home-sales-slip-but-up-strongly-from-a-year-ago
New residential building permits in March unexpectedly rose 4.5 percent above the revised February rate of 715,000 and is 30.1 percent above the March 2011 estimate of
574,000. Housing starts in March, however, declined 5.8 percent from the previous month, but are up 10.3 percent for the year.
http://www.census.gov/construction/nrc/pdf/newresconst.pdf
Industrial production in March remained unchanged for the second consecutive month but rose at an annual rate of 5.4 percent in the first quarter of 2012. Manufacturing output declined 0.2 percent in March but jumped 10.4 percent at an annual rate in the first quarter. Motor vehicles and parts, which jumped at an annual rate of nearly 40 percent, manufacturing output moved up at an annual rate of 8.3 percent and output for all but a few major industries increased 5 percent or more.
http://www.federalreserve.gov/releases/g17/current/
Initial jobless claims for the week ending April 14 decreased by 2,000 from the previous week’s revised figure of 388,000, but the 4-week moving average increased by 5,500 after increasing substantially last week. http://www.dol.gov/opa/media/press/eta/ui/current.htm
Sources: DOL, Fed Reserve, Census, NAR, and ICSC websites
SKY News Summary 04-11-12
Import prices rose by 1.3 percent in March due to a 3.8 percent increase in fuel prices. It wouldn’t be surprising to see a corresponding rise in PPI and CPI, out Thursday and Friday respectively.
Import prices increased 1.3 percent in March, after declining 0.1 percent the month before. This was the largest monthly rise since a 2.6 percent advance in April 2011. However, on a year-to-date basis, import prices increased 3.4 percent, the smallest 12-month advance for the index since a similar 3.4 percent rise between November 2008 and November 2009. A 4.3 percent increase in petroleum prices, the largest component of imported fuels more than offset a 14.2 percent drop in natural gas prices. Natural gas prices fell 37.8 percent over the past 12 months. Excluding fuel, the import prices increased 0.5 percent in March, the largest one-month advance since a 0.8 percent rise in April 2011. The largest component of this increase was a 1.7 percent increase in industrial supplies and materials prices.
http://www.bls.gov/news.release/ximpim.nr0.htm
It is difficult to compare recent retail sales numbers since Easter fell on April 8 this year and April 24 last year. Pre-Easter sales were pushed into March and early April, which may cause mid and late April to reflect slower retail sales. With that in mind, sales rose 0.5 percent for the week ending April 7 and 3.8 percent the week before. Year-over-year sales advanced 4.5 percent for the week.
http://www.icsc.org/homepage/research_article.php?id=432
It is true that the U.S. Government spent the most ($369 billion) in the history of the nation. However, the budget gap improved from YTD $829 billion to $779 billion as of March. Most of the increase in spending went to Social Security Administration which was $403 billion YTD compared to $394 billion last year at this time.
http://www.fms.treas.gov/mts/mts0312.pdf
Company News
The Coca-Cola Company inaugurated the opening of Coca-Cola China’s 42nd bottling plant located in Yingkou, Liaoning, the largest Coca-Cola production facility in China. With an area of more than 170,000 square meters (42 acres), the plant represents a US$160 million (RMB 1 billion) investment in China and is part of a three-year, US $4 billion investment plan announced last year.
http://www.thecoca-colacompany.com/dynamic/press_center/2012/03/china-production-facility.html
The following is a good article from the WSJ-online on the Express Scripts Inc. and Medco Health Solutions merger.
http://online.wsj.com/article/SB10001424052702303816504577319372702722002.html
Emerson announced it has acquired the Marine Container and Boiler business of Johnson Controls, Inc. enabling Emerson Climate Technologies to expand its refrigeration technology and solutions offerings in the global transportation sector. Terms of the acquisition were not disclosed. The hardware and software solutions from Marine Container monitor container conditions and notify shipping companies problems so they can take appropriate actions and the merchandise, mainly food, won’t spoil. Johnson Controls’ solutions are installed on more than 650,000 containers and 2,200 ships, which connect to a central monitoring server.
http://www.emerson.com/en-US/newsroom/news-releases/emerson-corporate-news/Pages/Emerson-Acquires-Marine-Controls-Business-from-Johnson-Controls.aspx
ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in the Alaska Pipeline Project, announced that they are working together on the next generation of resource development in Alaska. The four companies have agreed on a work plan aimed at commercializing North Slope natural gas resources within an Alaska Gasline Inducement Act (AGIA) framework. Because of a rapidly evolving global market, large-scale liquefied natural gas (LNG) exports from south-central Alaska will be assessed as an alternative to a natural gas pipeline through Alberta.
http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20120330005880&newsLang=en
McDonald’s Corporation announced that Vice Chairman and Chief Executive Officer Jim Skinner will retire after 41 years with the Company, effective June 30, 2012. McDonald’s Board of Directors elected current President and Chief Operating Officer Don Thompson to succeed Skinner as CEO, effective July 1, 2012.
http://phx.corporate-ir.net/phoenix.zhtml?c=97876&p=irol-newsArticle&ID=1675190&highlight=
Sources: McDonald’s, Exxon, Emerson, Wall Street Journal, Coca-Cola, ICSC, Treasury, and BLS websites.
SKY News Summary 04-03-2012
Friday’s employment report is this week’s economic highlight. We may be getting a preview in the form of the ISM Manufacturing report, out Monday, which shows a 2.9 percent increase in the employment index for the month of February.
The Institute for Supply Management Manufacturing Business Survey Committee reported that its general index, the PMI, increased 1 percent in March to 53.4 percent, indicating expansion in the manufacturing sector for the 32nd consecutive month. “The Production Index increased 3 percentage points from February’s reading of 55.3 percent to 58.3 percent, and the Employment Index increased 2.9 percentage points to 56.1 percent.”
http://www.ism.ws/ISMReport/MfgROB.cfm
Construction spending during February decreased 1.1 percent from January, but is 5.8 percent above February 2011. Most of the decrease came from a decline in public construction, particularly highway (down 2.6 percent) and school (down 2.5 percent) construction. Residential construction remained unchanged.
http://www.census.gov/construction/c30/pdf/totsa.pdf
Data from the Census Bureau shows slow, sustainable growth in the form of factory shipments of manufactured goods, which rose 0.1 percent in February. Factory orders, which reflect swings in aircraft production increased $6.0 billion or 1.3 percent to $468.4 billion, following a 1.1 percent January decrease. Excluding transportation, new orders increased 0.9 percent. The unfilled orders-to-shipments ratio was 6.23, up from 6.12 in January. Inventories, up twenty-eight of the last twenty-nine months, increased $2.2 billion or 0.4 percent to $616.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent January increase.
http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf
Company News
BHP Billiton announced that its Iron Ore President, Ian Ashby, would be leaving on 1 July 2012, after more than 25 years with the Company. Mr Ashby will be succeeded by Jimmy Wilson, currently BHP Billiton Energy Coal President.
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Iron-Ore-Leadership.aspx
Applied Materials earnings presentation
http://www.appliedmaterials.com/sites/default/files/03282012_davis.pdf
Boeing will establish Boeing Research & Technology-Brazil, a research and technology center in Sao Paul. Areas of research focus for the new center will include sustainable aviation biofuels, advanced air traffic management, advanced metals and bio-materials, and support and services technologies. Boeing Research & Technology-Brazil will be Boeing’s sixth advanced research center outside the United States; the others are in Europe, Australia, India, China and Russia.
http://boeing.mediaroom.com/index.php?s=43&item=2197
Sources: Target, TI, McDonald’s, Exxon, Emerson, Wall Street Journal, Coca-Cola, Boeing, Applied Materials, BHP Billiton, Census, and ISM websites
SKY News Summary 03-16-12
This week’s economic data may point to the very beginning of an inflationary period. Unemployment numbers improved but core PPI and CPI were higher than forecast. This could result in a shift in Fed policy away from the easing we have seen lately. Meanwhile, manufacturing is growing at a healthy pace, and retail sales are solid.
U.S. retail and food services sales for February, were $407.8 billion, an increase of 1.1 percent from the previous month and 6.5 percent above February 2011. Building material and garden equipment and supplies dealers sales were up 13.8 percent from February 2011 and gasoline stations were up 10.3 percent from last year.
http://www.census.gov/retail/marts/www/marts_current.pdf
In a significant sign of improvement, the estimate of initial unemployment claims was 351,000, a decrease of 14,000 from the previous week’s revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week’s revised average of 355,750.
http://www.dol.gov/opa/media/press/eta/ui/current.htm
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February. The gasoline index rose sharply in February, accounting for over 80 percent of the change in the all items index. The gasoline increase led to a 3.2 percent rise in the energy index despite a decline in the index for natural gas. The food index was unchanged in February, with the food at home index unchanged for the second month in a row as major grocery store food indexes were mixed.The index for all items less food and energy rose 0.1 percent in February after increasing 0.2 percent in January. Indexes for shelter, new vehicles, medical care, and household furnishings and operations all advanced, while indexes for apparel, recreation, used cars and trucks, and tobacco all declined.
http://www.bls.gov/news.release/pdf/cpi.pdf
Real average hourly earnings for all employees fell 0.3 percent from January 2012 to February 2012, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. A 0.1 percent increase in the average hourly earnings was more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings fell 0.3 percent over the month due to the decline in the real average hourly earnings combined with an unchanged workweek. Since reaching a peak in October 2010, real average weekly earnings has fallen 1.2 percent.
http://www.bls.gov/news.release/ppi.nr0.htm
The Producer Price Index for finished goods, an indicator of price increases that will ultimately be passed through to the consumer, rose 0.4 percent in February, Finished goods prices rose 0.1percent in January and decreased 0.1 percent in December. At the earlier stages of processing, the index for intermediate goods moved up 0.7 percent and crude goods prices increased 0.4 percent.
http://www.bls.gov/news.release/ppi.nr0.htm
Industrial production was unchanged in February. Manufacturing output increased 0.3 percent in February. Within manufacturing, the index for motor vehicles and parts fell 1.1 percent after jumping 8.6 percent in January, but the index for manufacturing excluding motor vehicles and parts increased 0.4 percent in February. Production at mines fell 1.2 percent, while the output of utilities was unchanged. At 96.2 percent of its 2007 average, total industrial production for February was 4.0 percent above its year-earlier level. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972–2011) average.
http://www.federalreserve.gov/releases/g17/Current/g17.pdf
Sources: Federal Reserve, BLS, DOL, and Census websites
SKY News Summary 02-27-12
This week is brimming with economic news, starting with today’s pending home sales for January and the Dallas Fed business activity index. On Tuesday, we will hear about January’s durable goods (consensus forecast for new orders ex-trans is +0.3) and the Richmond Fed manufacturing index; Wednesday brings the release of the GDP, The Chicago PMI, and the Beige Book; Thursday we will see new jobless claims, truck sales, personal income, the ISM manufacturing survey and constructions spending; And Friday we will catch our breath!
Pending Homes Sales
Signed contracts for homes in January rose 2.0 percent, with the South and the Northeast leading the country. Year-over-year, contract signings are up 8.0 percent. While contracts can fall through due to low appraisals or credit problems, the rise indicates an overall rise in housing this year. Lawrence Yun, NAR chief economist, commented that,
“Movements in the index have been uneven, reflecting the headwinds of tight credit, but job gains, high affordability and rising rents are hopefully pushing the market into what appears to be a sustained housing recovery,” Yun said. “If and when credit availability conditions return to normal, home sales will likely get a 15 percent boost, speed up the home-price recovery, and thereby significantly reduce the number of homeowners who are underwater.”
http://www.realtor.org/press_room/news_releases/2012/02/phs_jan
Dallas Fed Survey
The Texas Manufacturing Outlook Survey for February showed signs of growth with the production index rising from 5.8 to 11.2. New orders fell from 9.5 to 5.8, and shipments decreased from 6.1 to 4.2. The real highlight was the employment index which jumped to 25.2, its highest level since 2006. Twenty-nine percent of firms reported hiring new workers.
http://dallasfed.org/data/outlook/
Sources: Dallas Fed, NASDAQ, NAR websites.
SKY News Summary 02-16-12
Today’s economic news indicates solid progress. Housing starts, jobs data, and the newly-released Empire State Manufacturing Survey are generally positive, while the PPI is restrained.
The recently-released Empire State Manufacturing Survey shows economic progress being made by manufacturers. The general business conditions index rose six points to 19.5, its highest level in more than a year. The new orders index, at 9.7, was positive but down slightly, and employment indexes were positive and close to last month’s levels. The general business conditions index rose six points in February to 19.5, its highest level since June 2010. The inventories index fell eleven points to -4.7; the return to negative territory indicated that inventory levels were slightly lower.
http://www.newyorkfed.org/survey/empire/empiresurvey_overview.html
Initial unemployment claims decreased 13,000 for the week ending February 11 while the 4-week moving average decreased by 1,750 from the previous week’s revised average of 367,000.
http://www.ows.doleta.gov/press/2012/021612.asp
The Produced Price Index showed slow growth for the month of January, up only 0.1 percent. But on a core level, the PPI grew 0.4 percent following a similar jump in December. Energy as a group declined by 0.5 percent, but within that group, natural gas and electricity both decreased significantly while gasoline increased. Soybeans, corn, and wheat all increased, but slaughtered hogs held steady.
http://www.bls.gov/news.release/ppi.t02.htm
Company News
Sources: Coca-Cola, Applied Materials, Chevron, Conoco, Census, DOL, and BLS websites.
SKY News Summary 02-09-12
The employment picture continues to improve. In the week ending February 4, initial unemployment claims decreased by 15,000 from the previous week’s revised figure of 373,000. The 4-week moving average was 366,250, a decrease of 11,000 from the previous week’s revised average of 377,250.
http://www.ows.doleta.gov/press/2012/020912.asp
Company earnings
Cisco Earnings
http://files.shareholder.com/downloads/CSCO/1382250631×0x541325/7bc03ac8-a510-480e-a18d-44bd87a28181/Q2FY12_Earnings_Slides.pdf
Coke Earnings
http://www.thecoca-colacompany.com/dynamic/press_center/2012/02/2011-fourth-quarter-results.html
McDonalds Earnings
http://phoenix.corporate-ir.net/phoenix.zhtml?c=97876&p=irol-newsArticle&ID=1658289&highlight=
Sources: McDonald’s, Walgreens, Southern company, Coke, Cisco, BP
SKY News Summary 02-01-12
All eyes are on this Friday’s employment report for the month of January. The past few months have seen a healthy improvement in employment.
The Conference Board’s consumer confidence survey, which is a survey by Nielson of 3,000 homes, dropped to 61.1 in January, from 64.8 in December, due mainly to a decline in the Present Situation Index to 38.4 from 46.5. Those claiming jobs are “hard to get” increased to 43.5 percent from 41.6 percent.
http://www.conference-board.org/data/consumerconfidence.cfm
GE Finance asked 65 construction equipment distributors about their thoughts on the market and found that dealers are quite optimistic about their business prospects in 2012. 40% of dealers believe equipment sales will increase 3% to 5% in 2012, and 18% of dealers expect sales to increase 9 percent or more. 77% of dealers plan to increase inventory levels in the first half of the year.
http://www.gelending.com/misc/Construction_Flash_Survey_Results_1-12.pdf
Target announced the promotion of John Mulligan, senior vice president, Finance to executive vice president and chief financial officer, effective April 1, 2012. He will replace Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.
http://investors.target.com/phoenix.zhtml?c=65828&p=irol-newsArticle&ID=1651733&highlight
Company Earnings
UPS 4Q 2011
http://www.investors.ups.com/phoenix.zhtml?c=62900&p=irol-irhome
United Technologies Corp. 4Q 2011
http://www.utc.com/News
BHP Billiton Exploration and Development report for 4Q 2011
http://www.bhpbilliton.com/home/investors/reports/Documents/2012/120118_BHP%20Billiton%20Exploration%20and%20Development%20Report%20for%20the%20Quarter%20Ended%2031%20December%202011.pdf
Praxair 4Q and Full-Year 2011
http://www.praxair.com/praxair.nsf/praxair.nsf/AllContent/A0D75AE1B8FA448D8525798F005C0382?OpenDocument
P&G 2Q 2012 Results
http://www.pginvestor.com/phoenix.zhtml?c=104574&p=irol-newsArticle&ID=1653561
T. Rowe Price 4Q and Full-Year 2011
http://corporate.troweprice.com/ccw/files/pressReleases/EarningsQ42011.pdf
ConocoPhillips 4Q 2011
http://www.conocophillips.com/EN/newsroom/news_releases/2012NewsReleases/Pages/01-25-2012.aspx
Danaher 4Q and Full -Year 2011
http://phx.corporate-ir.net/phoenix.zhtml?c=82105&p=RssLanding&cat=news&id=1654465
Exxon Mobil 4Q 2011
http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20120131006006&newsLang=en
Halliburton 4Q 2011
http://www.halliburton.com/public/news/pubsdata/press_release/2012/Q411_Earnings_Release_Final.pdf
ITW 4Q and Full-Year 2011
http://investor.itw.com/phoenix.zhtml?c=71064&p=irol-newsArticle&ID=1654553&highlight=
Johnson & Johnson 4Q and Full-Year 2011
http://www.investor.jnj.com/releaseDetail.cfm?ReleaseID=641760&year=2012
Kimberly-Clark Year-End 2011 Results and 2012 Outlook
http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=641668
Lilly 4Q and Full-Year 2011 Results
https://investor.lilly.com/releasedetail2.cfm?ReleaseID=643979
McDonald’s Full-Year 2011
http://phoenix.corporate-ir.net/phoenix.zhtml?c=97876&p=irol-newsArticle&ID=1651870&highlight=
Sources: McDonald’s, Lilly, Kimberly-Clark, J&J, Halliburton, Exxon, Danaher, Conoco, T. Rowe, P&G, Praxair, BHP, UTC, UPS, Target, Pepsi, GE, and Conference Board websites.
Sources: McDonald’s, Lilly, Kimberly-Clark, J&J, Halliburton, Exxon, Danaher, Conoco, T. Rowe, P&G, Praxair, BHP, UTC, UPS, Target, Pepsi, GE, and Conference Board websites.