7/10/09 am Fri XOM Exxon Makes Big Gas Find

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A read of Friday's 7/10/09 print editions of: Wall Street Journal, New York Times, Atlanta Journal Constitution, Financial Times, Investor's Business Daily and USA Today yielded the following stories about Dow Jones 30 component companies:

WSJ pB1 lead story says XOM Exxon Mobil said it may have a world class find of natural gas locked inside shale formations in Canada. The find is on 250,000 acres it has leased in the Horn River Baysin in northern British Columbia. XOM is also the subject of a related story, "Exxon's Gas Compressor" @ WSJ pC10.

WSJ pB1 has a story about weak June sales are causing retailers to be anxious about back to school sales. In speaking about industry metrics, it mentions that monthly figures don't include WMT WalMart figures because WMT has stopped disclosing monthly sales figures. This failure is also mentioned at Fin Times p12 and Inv. Bus Daily pA1. IBD pB5 has a story about how Target's dividend keeps rising even though in these tough times many otherwise Target loyal customers seek out more affordable options like WMT. NYTimes pB3 notes that WMT has not been performing well all year in a story about retail sale snumber. USA Today p6B in a story about retails sales still falling says WMT is expected to attract young shoppers with trendy electronics and fashions.

WSJ pB1 has a story about MSFT Microsoft Chairman Bill Gates and Google CEO Eric Schmidit had an awkward encounte at Alen & Co's Sun Valley conference in Idaho just afte Google announced plans to compete with MSFT's operating system with Google's Chrome.

WSJ pB1 mentions CAT Caterpillar, BA Boeing and MMM 3M as some of the big companies that are pushing back on proposals to regulate the over the counter derivate market.

WSJ pB3 says CVX Chevron said poor profits at refineries and the financial impact of a weakening dollar will damp the boost it gained fom higher crude oil prices in the second quarter.

WSJ pB4 in a story about tv networks are attacking a proposal in Congress that would eliminate the tax deduction as a business expense for advertising prescription drug advertising. DIS Walt Disney's ABC and GE's NBC Universal are among the four major broadcast networks fighting this plan.

WSJ pC1 says JPM JPMorgan and others are complaining to the Treasury Dept that Treasury Dept is asking too much to sell back the warrants held by the gov as part of the $700 billion bail out.

WSJ pC1 said AA Alcoa was down 2.4% yesterday desipte its quarterly loss as reported being less than expected. USA Today p4B in "Markets Thursday" leads off the story saying stocks inched higher Thurs "after Alcoa kicked off the earnings season with better than expected quarterly results."

WSJ pC5 "Stock in the News" under "And the Bad News" charts MRK Merck. IBD pA2 says MRK fell 3.7% to 27.01 yesterday after a clinical trial of its Zetria cholesterol lowering medicine was stopped early for unspecified reasons. Same page it is reported that MRK and Portola Pharmaceuticals will develop a drug to prevent strokes in people with an irregular heart rhythm.

IBD pA4, "GE Spinoff Genpact Avoids Any Big Slump" profiles Inidan outsourcer, GenPact, noting that it began as the global services unit of GE Capital but GE spun it off four years ago.

WSJ pC10 says BAC Bank of Am with its large home loan and credit card portfolios is facing exposure to increased regulation by Congress in a story, "It's Payback Time for US Banks."

WSJ pA13 has a story about Harry J. Gray, the former CEO of UTX United Technologies who died Wed. at age 89. Gray's obituary is at NYT pB9.

The Dow closed Thursday at 8183.17 up 4.76 up 0.06% from Wednesday's close of 8178.41. Fifteen of the Dow 30 gained, and 15 declined with the biggest gainer being IBM $102.08 1.40 + 1.39% 6,153,127 NYSE and the biggest loser being MRK $27.01 1.03 -3.67% 26,822,413 NYSE.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is
.132319125 unchanged.

Thurssday's Dow numerator was 1082.79 up 0.64 from Wednesday's closing numerator of 1082.15. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor.

Now, if you divide the Dow increase of 0.64 in the Dow numerator by the divisor you get 4.76, the inccrease in Thursday's Dow.

The average closing price of Thursday's Dow Jones was 36.09 up .02 from Wednesday's avg. closing price of 36.07. The median closing price of Thursday's Dow Jones was 29.31 the same as yesterday's median closing price.

The highest closing price Thursday was IBM $102.08 +1.40 + 1.39% 6,153,127 NYSE and the lowest closing price Thursday again was AA Alcoa $9.23 -0.23 2.43% 93,040,158 NYSE.

The lowest volume Turssday was MMM 3M $59.09 0.07 +0.12% 3,164,173 NYSE and the highest volume was BAC Bank of Am$11.97 +0.13 1.1% 272,535,452 NYSE.

If Thursday morning before the market opened you had purchased $100 of each of the Dow 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $56 ($108,270 - $108,214).

Thursday's Closing Dow closing numbers:

Symb/Last/Change/% Change/Vol./Market
T $23.38 -0.16 0.68% 25,462,712 NYSE
AA $9.23 -0.23 2.43% 93,040,158 NYSE
AXP $22.8 +0.08 0.35% 13,268,224 NYSE
BAC $11.97 +0.13 1.1% 272,535,452 NYSE
BA $39.3 -0.25 -0.63% 5,432,582 NYSE
CAT $30.65 -0.07 -0.23% 10,181,834 NYSE
CVX $63.08 +0.30 +0.48% 8,580,538 NYSE
CSCO $18.17 +0.04 +0.22% 52,928,079 NASDAQ-GS
KO $48.71 +0.20 +0.41% 8,713,465 NYSE
DIS $22.53 +0.29 +1.3% 9,779,557 NYSE
DD $24.5 +0.32 +1.32% 8,947,533 NYSE
XOM $65.97 -0.29 -0.44% 22,770,883 NYSE
GE $10.86 +0.15 +1.4% 81,557,443 NYSE
HPQ $37.3 +0.09 + 0.24% 9,843,917 NYSE
HD $22.68 +0.02 +0.09% 14,322,625 NYSE
INTC $16.02 +0.08 +0.5% 65,630,476 NASDAQ-GS
IBM $102.08 +1.40 + 1.39% 6,153,127 NYSE
JPM $33.62 0.91 +2.78% 41,642,173 NYSE
JNJ $56.69 +0.39 -0.68% 11,324,798 NYSE
KFT $25.8 +0.10 +0.39% 8,532,820 NYSE
MCD $56.77 +0.27 +0.47% 7,793,536 NYSE
MSFT $22.44 -0.12 -0.53% 46,970,195 NASDAQ-GS
MRK $27.01 1.-03 -3.67% 26,822,413 NYSE
PFE $14.29 -0.32 -2.19% 61,367,767 NYSE
PG $52.41 -0.23 -0.44% 11,648,017 NYSE
MMM $59.09 0.07 +0.12% 3,164,173 NYSE
TRV $39.05 0.02 -0.05% 4,346,031 NYSE
UTX $49.65 0.03 -0.06% 4,338,875 NYSE
VZ $28.64 0.01 -0.03% 14,278,519 NYSE
WMT $48.08 0.29 -0.6% 15,123,125 NYSE

Here are the latest SEC filings as of 6/29/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T 5/11/09 8K
AA Alcoa 5/13/09 8K
AXP 6/17/08 8K Announcing repurchase of $3.39 of preferred shares from
the U.S. as part of TARP bailout
BAC Bank of Am 6/29/09 8K announcing results of offer to exchange up to 200 million of its shares
BA Boeing 6/26/09 8K announcing grant of options to James A. Bell
CAT Caterpiller 6/18/09 8K Supp. fin. info re: deliveries to
certain customers
CSCO Cisco 6/2/08 S8 Regis. of securities to employees
KO Coke 6/10/09 8K announcing personnel changes
DIS Disney 5/7/09 S8
DD DuPont 5/7/09 8K
XOM Exxon 5/5/09 10Q and 6/19 regarding writeoff for the Valdex judgment
GE 6/12/09 8K Changes to board of directors
HPQ Hewlett-Pack 6/5/09 10Q
HD Home Depot 6/4/09 10Q
INTC Intel 6/26/09 S8
IBM 6/17/09 Proxy by Shareholder
JPM JPMorgan 6/26/09 Freewriting Prospectus re: Return Optimization Securities
JNJ Johnson 5/5/09 10Q
KFT Kraft 6/22/09 8K re: personnel changes
MCD McDonalds 6/11/09 11K Annual report of employee stock
purchase plan
MRK Merck 6/29/09 Proxy update re: Merger w/Schering-Plough
MSFT Microsfot 5/15/09 8K
PFE Pfizer 6/17/09 S4 Effective re: 6/17 Proxy re merger
with Wyeth
PG Procter Gam 6/10/09 8K re: Robert McDonald becoming new CEO
MMM 3M 5/13/09 8K
TRV Travelers 6/2/09 8K re: sale of $500 million of secs.
UTX United Tech 4/24/09 10Q
VZ Verizon 5/26 Free Writing Prospectus for Direct Investment Purch. shareholder .
WMT Wal-Mart 6/5/09 10Q