7/9/09 pm Dow Gains 4.76 +0.06% to Close @ 8183.17

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 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

A read of Thursday's 7/9/09 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:

Front page of Fin. Times has a story, "Google to Launch Rival to Windows as it Challenges Microsoft's Dominance." This is also reported at IbD pA4, Fin Times p14,USA Today p1B and NYT pB1. WSJ C5, "Large Stock Focus" says Google rose and it says they are preparing to launch an operating system for computers that will be a "direct assault on the turf" of MSFT Microsoft. WSJ pC10 has a story about MSFT, "New Chrome May Not Shine for Google" says that Google is still a one hit wonder and after spending $6 billion on r&d it doesn't have another money maker so its new operating system is under a lot of pressure from observers to penetrate MSFT's stranglehold on pc operating systems. Google's system is called Chrome. Chrome is the subject of WSJ front page story, "Google Targets Microsoft's Turf." A related story at NYT pB6 says Chrome complicates Google's relationship with Apple, a longtime ally and the interlocking relationship among the two companies' boards could violate Section 8 of the Clayton Antitrust Act.

WSJ pB3 & IBD pA2 reports that MSFT promoted Steven Sinofsky to president of its Windows division.

WSJ C5, "Large Stock Focus" says Family Dollar Stores' good third quarter fiscal earnings helped lift other discounters such as WMT Walmart up .53 or 1.1%.

WSJ C1 and AJC A8 reports that AA Alcoa reported a smaller than expected quarterly loss after yesteday's close. WSJ pB3 has a story, "Alcoa Swings to a Loss Amid Sales Decline - CEO Says He Sees Signs fo Strengthening in Aluminum Sector, as US Auto Market Recovers." NYT pB2 has a story, "Alcoa Posts Loss as Demand Falls" that said analysts expected AA to lose .38 per share on revenue of $3.93 billion but it was actually a loss of .47 per share.

WSJ C1 in a story, "Subprime Resurfaces as Housing Market Woe" says the US housing market is facing new downward pressure as holders of subprime mortgage bonds flood the home with foreclosed homes at prices lower than where many banks are willing to sell. Story mentions countrywide Financial Corp. which is now owned by BA Bank of Amm and loans sold by Bear Stearn prior to its sale to JPM JP Morgan Chase.

WSJ p7 has a story, "J&J Acts Fast on Tylenol - The Challenge: to Reassure Public Without Going Too Far" saying JNJ's quick reaction last week to potentially damaging news about the safety of its painkiller Tylenol furthered the company's reputation for savvy crisis management.

WSJ pD4, "Fixed Rate Credit Cards May Vanish" saying BAC Bank of Am & JPM JPMorgan Chase in June notified some cardholders that their fixed rates were being converted to a variable rate tied to the prime rate.

NYT pA4 has a story about an analyst who said Dis Disney should be a "sell" because the movie Up would be a loser but as things turned out it was a big earner so the analyst at Pali Research apologized but still kept the "sell" rating.

IBD pA2 says VZ Verizon has petitioned FCC for access to Calbevison's NY area sports programs in hd tv, alleging that Cablevision refuses to sell its Madison Square Garden network sports programming in HD on any terms. VZ is the subject of a story about the DOJ looking into whether T AT&T and VZ are abusing their market power by locking up exclusive deals to provide service to popular handsets such as Apple's iPhone in a story, "Antitrust Elevated In Obama Era."

IBD pB says JNJ's strong product line gives it some immunity from a bad economy and that JNJ for the 10 years ending in '08 gave shareholders a 5.6% annual average total return.

Fin Times p15 says IBM's UK subsidiary became the latest UK employer to announce that it may close its pension plan for UK workers.

Fin Times p3 says HPQ Hewlett-Packard is gearing up for cloud consulting services.

Fin Times p2 says Intel held its annual open house Research Day for the media to show its off future technologies and concludes it will need to be more mobile to keep up with aggressive rivals.

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