7/10/09 pm Dow Closes 8146.52 -36.65 - 0.45%

The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report.

The Dow closed Friday at 8146.52 down 36.65 or 0.45% from Thursday's close of 8183.17. Eleven of the Dow 30 gained, and 19 declined with the biggest gainer being AXP Amex$23.22 +0.42 1.84% 14,455,990 NYSE and the biggest loser being CVX Chevron $61.4 -1.68 2.66% 16,695,136 NYSE.

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

Friday's Dow numerator was 1077.94 down 4.85 from Thursday's closing numerator of 1082.79. 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 decrease of 4.85 in the Dow numerator by the divisor you get 36.65, the decrease in Thursday's Dow.

The average closing price of Friday's Dow Jones was 35.93 down 0.16 from Thursday's avg. closing price of 36.09. The median closing price of Thursday's Dow Jones was 29.57 up 0.26 from Thursday's median closing price of 29.31.

The highest closing price Friday was IBM $100.83 -1.25 1.22% 7,333,171 NYSE and the lowest closing price Friday again was AA Alcoa $9.34 -0.11 1.19% 32,535,857 NYSE.

The lowest volume Friday was TRV Travelers $39 -0.05 0.13% 3,529,939 NYSE and the highest volume was BAC Bank of Am $11.88 -0.09 0.75% 209,791,141 NYSE.

If Friday 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 $480 ($108,270 - $107,790).

Friday's Closing Dow closing numbers:

Symb/Last/Change/% Change/Vol./Market

T $23.44 -0.06 0.26% 21,488,257 NYSE
AA $9.34 -0.11 1.19% 32,535,857 NYSE
AXP $23.22 +0.42 1.84% 14,455,990 NYSE
BAC $11.88 -0.09 0.75% 209,791,141 NYSE
BA $39.65 +0.35 0.89% 5,773,001 NYSE
CAT $30.53 -0.12 0.39% 10,379,343 NYSE
CVX $61.4 -1.68 2.66% 16,695,136 NYSE
CSCO $18.34 +0.17 0.94% 46,082,427 NASDAQ-GS
KO $48.31 -0.40 0.82% 7,719,416 NYSE
DIS $22.41 -0.12 0.53% 10,987,397 NYSE
DD $24.61 +0.11 0.45% 5,203,174 NYSE
XOM $65.12 -0.85 1.29% 25,685,945 NYSE
GE $10.78 -0.08 0.74% 69,160,576 NYSE
HPQ $37.24 -0.06 0.16% 11,192,219 NYSE
HD $22.52 -0.16 0.71% 9,760,452 NYSE
INTC $16.04 +0.02 0.12% 50,754,256 NASDAQ-GS
IBM $100.83 -1.25 1.22% 7,333,171 NYSE
JPM $32.34 -1.28 3.81% 50,101,600 NYSE
JNJ $56.93 +0.24 0.42% 13,520,017 NYSE
KFT $26.08 +0.28 1.09% 8,437,694 NYSE
MCD $57.05 +0.28 0.49% 6,692,589 NYSE
MSFT $22.39 -0.05 0.22% 42,796,747 NASDAQ-GS
MRK $26.45 -0.56 2.07% 17,794,351 NYSE
PFE $14.2 -0.09 0.63% 38,496,904 NYSE
PG $52.22 -0.19 0.36% 9,116,241 NYSE
MMM $59.79 +0.70 1.18% 3,891,768 NYSE
TRV $39 -0.05 0.13% 3,529,939 NYSE
UTX $49.64 -0.01 0.02% 4,772,989 NYSE
VZ $28.62 -0.02 0.07% 12,531,864 NYSE
WMT $47.57 -0.51 1.06% 15,865,651 NYSE

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.

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