8/11/09 am Alcoa, Cisco & 3M each fall more than 3%

Post #48 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.

A read of Tuesday's 8/11/09 print editions of: Wall Street Journal, , New York Times, Atl Journal Const, and USA Today (Financial Times, Investors Business Daily were not available in Atlanta at the Ritz Carlton Buckhead) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's closing price and related data:

The Dow Jones Industrial Average: The current divisor for the Dow found at today's page B4 (during the week it is at page C4) of The Wall St. Jrnl is .132319125 unchanged. WSJ pC1 "Rally Sputters As Blue Chips Give up 0.3%" says stocks dropped Monday as investors took a breatehr from last week's sharp rally and prepared for the next Red. reserve meeting. The Dow Jones Industrial Average, which leapt nearly 200 points last week, declined 32.12 points, or 0.3% to 9337.95 as AA Aloca, Cisco Systems CSCO and MMM 3M each fell more than 3%. BAC BofA is mentioned as gaining 1.6% because of newfound investor optimism that credit markets are stabilizing and from the unwinding of bearish bets on the financial sector. "Large Stock Focus" at WSJ pC5 notes that MCD McDonald's gained 1.07 or 1.9% to 56.27 as its same store sales rose 4.3% in July. NYT pB7 "Shares Fall on Profit Taking After Monthlong Rally" mentions MCD surge of 1.9% to close at 5.27 and mentions MRK Merck rising 1.7% to 30.60 after its stock was reinstated by Goldman Sachs with a buy rating. USA Today p4B "Stocks drift lower as investors await news" says MCD rose and also big reailers such as Wal-Mart Stores and Macy's report earnings this week.

AT&T T $25.58 -0.04 0.16% 15,097,514 NYSE: AJC pA7 "AT&T, union still in talks - Workers continue on job despite expired contract; health benefits at issue" say the contract expired between 32,000 T workers in the southeast and the Communications Workers of America Saturda night, but the land line telephone workers stayed on the job. The fight is over whether T should pay more medical expenses. T has lost ore than 20% of its wired customer access lines since the last contract 3 years ago.

Alcoa AA $12.69 -0.31 2.38% 29,689,949 NYSE: WSJ pC1 "Rally Sputters As Blue Chips Give up 0.3%" says stocks dropped Monday as investors took a breatehr from last week's sharp rally and prepared for the next Red. reserve meeting. The Dow Jones Industrial Average, which leapt nearly 200 points last week, declined 32.12 points, or 0.3% to 9337.95 as AA Aloca, Cisco Systems CSCO and MMM 3M each fell more than 3%. BAC BofA is mentioned as gaining 1.6% because of newfound investor optimism that credit markets are stabilizing and from the unwinding of bearish bets on the financial sector.

Amex AXP $32.34 -0.35 1.07% 11,801,011 NYSE: NYT at pB1 "Card Users, Take Heart: One Penalty Is Vanishing" says the noxious penalty imposed on AXP and Discover consumers who exceeded their spending limit has finally died, quashed by legislation. AXP customers have been receiving notices of the fee eliminatin, whic takes effect in Oct. For now, BAC customers say they have not followed suit. Similar theme at USA Today.

Bank of Am BAC $16.68 +0.26 1.58% 236,374,804 NYSE: WSJ pC1 "Bofa JudgeSeeks More Data on SEC Bonus DEal" says a fed. judge delayed a decision on whether to approve a $33 mil settlement of allegations that BAC failed to disclsoe to investors that Merrill Lynch agreed to pay billions of dollars in bonuses on the eve of their merger. At Mon's hearing, US Dist. Judge Jed Rakoff in NYC questioned lawyers from the SEC and BAC. Similar theme at NYT pB1 "Judge Attacks Merrill Pre-Merger Bonuses" & at USA Today p1B.

BAC: WSJ pC1 "Urgency Drives SEC Crackdown - New Leadership Accelerates Investigations and Levies Millions in Penalties" says the SEC is reeling off a string of enforcement moves against high profile commpanies and individuals as it tries to establish a "sense of urgency." Last week, the SEC announced three settlements with BAC BofAm, GE and AIG's former chairman Hank Greenberg.

BAC: WSJ pC1 "Rally Sputters As Blue Chips Give up 0.3%" says stocks dropped Monday as investors took a breatehr from last week's sharp rally and prepared for the next Red. reserve meeting. The Dow Jones Industrial Average, which leapt nearly 200 points last week, declined 32.12 points, or 0.3% to 9337.95 as AA Aloca, Cisco Systems CSCO and MMM 3M each fell more than 3%. BAC BofA is mentioned as gaining 1.6% because of newfound investor optimism that credit markets are stabilizing and from the unwinding of bearish bets on the financial sector.

BAC: NYT at pB1 "Card Users, Take Heart: One Penalty Is Vanishing" says the noxious penalty imposed on AXP and Discover consumers who exceeded their spending limit has finally died, quashed by legislation. AXP customers have been receiving notices of the fee eliminatin, whic takes effect in Oct. For now, BAC customers say they have not followed suit.

Boeing BA $45.77 -0.92 1.97% 5,553,800 NYSE: "Seattle Frets as Boeing Looks South for Sites - Aircraft maker's Search for a New Dreamliner Assembly Plant Poses a Threat to Big Machinists Union and Washington State" at WSJ pA4 says the 787 Dreamliner, BA's marquee project, is about 2 years behind schedule, but another big worry has emerged: Is BA expanding in the south, where unions are weaker, instead of at Boeing. BA has said recently that it would likely choose a site for a second 787 assembly ine possibly in South Carolina. The current asssembly line is in Everett, Wash. just north of Seattle.

Caterpillar CAT $47.15 -0.63 1.32% 11,517,004 NYSE: No mentions found.

Chevron CVX $69.23 -0.27 0.39% 7,844,011 NYSE: "Gorgon Project Approved By Western Australia State" WSJ pB3 says CVZ said the gov. of Western Australia state has approved the massive Gorgon liquefied natural gas project at Barrow Island while imposing extra environmental conditions. Gorgon LNG is oeprated and 50% owned by CVZ with XOM Exxon Mobil and Roayl Dutch Shell PLC each holding 25% stakes.

Cisco CSCO $21.-64 -0.55 2.48% 45,762,489 NASDAQ-GS: WSJ pC1 "Rally Sputters As Blue Chips Give up 0.3%" says stocks dropped Monday as investors took a breatehr from last week's sharp rally and prepared for the next Red. reserve meeting. The Dow Jones Industrial Average, which leapt nearly 200 points last week, declined 32.12 points, or 0.3% to 9337.95 as AA Aloca, Cisco Systems CSCO and MMM 3M each fell more than 3%. BAC BofA is mentioned as gaining 1.6% because of newfound investor optimism that credit markets are stabilizing and from the unwinding of bearish bets on the financial sector.

Coke KO $49.44 +0.10 0.2% 6,569,271 NYSE: No mentions found.

Disney DIS $26.44 -0.25 0.94% 8,060,398 NYSE: No mentions found.

DuPont DD $32.38 -0.45 1.37% 5,968,590 NYSE: No mentions found.

Exxon Mobil XOM $69.18 -0.29 0.42% 15,632,890 NYSE: "Gorgon Project Approved By Western Australia State" WSJ pB3 says CVZ said the gov. of Western Australia state has approved the massive Gorgon liquefied natural gas project at Barrow Island while imposing extra environmental conditions. Gorgon LNG is oeprated and 50% owned by CVZ with XOM Exxon Mobil and Roayl Dutch Shell PLC each holding 25% stakes.

GE $14.57 -0.13 0.88% 83,844,612 NYSE: WSJ pC1 "Urgency Drives SEC Crackdown - New Leadership Accelerates Investigations and Levies Millions in Penalties" says the SEC is reeling off a string of enforcement moves against high profile commpanies and individuals as it tries to establish a "sense of urgency." Last week, the SEC announced three settlements with BAC BofAm, GE and AIG's former chairman Hank Greenberg.

Hewlett-Packard HPQ $43.67 +0.13 0.3% 12,066,912 NYSE: No mentions found.

Home Depot HD $27.1 -0.16 0.59% 10,331,388 NYSE: No mentions found.

Intel INTC $18.76 +0.26 1.41% 46,641,377 NASDAQ-GS: No mentions found.

IBM $118.7 -0.63 0.53% 3,927,803 NYSE: "Stake in Lenovo for Sale" at WSJ pB6 says the Chinese Academy of Sciences is seeking a buyer for its stake in Legend Holdings Ltd., the parent of Chinese computer maker Lenovo Group. Legend in 2005 moved into the ranks of global personal computer manufacturers with the purchase of IBM's PC business in 2005. Similar theme at NYT pB5 with no mention of IBM.

JPM Morgan Chase JPM $42.69 +0.33 0.78% 43,253,207 NYSE: NYT at pB1 "Card Users, Take Heart: One Penalty Is Vanishing" says the noxious penalty imposed on AXP and Discover consumers who exceeded their spending limit has finally died, quashed by legislation. AXP customers have been receiving notices of the fee eliminatin, whic takes effect in Oct. For now, BAC customers say they have not followed suit. Similar theme at USA Today and says Chase hasn't lowered their fees.

Johnson & Johnson JNJ $60.72 +0.82 1.37% 9,385,471 NYSE: No mentions found.

Kraft KFT $28.63 -0.07 0.24% 5,655,175 NYSE: No mentions found.

McDonald's MCD $56.27 +1.07 1.94% 10,920,432 NYSE: "Large Stock Focus" at WSJ pC5 notes that MCD McDonald's gained 1.07 or 1.9% to 56.27 as its same store sales rose 4.3% in July. AJC pA9 "also says European same store sales surged 7.2% helped by growth in France and UK while total MCD sales declined0.3 % due to currency transactions. Similar theme at WSJ pB3 saying MCd has 32,000 restaurants world wide. Similar theme at NYT B2 "Strong Sales in Europe Helped McDonald'sin July" that says MCD plans to release Aug sales on Sept. 9. NYT pB7 "Shares Fall on Profit Taking After Monthlong Rally" mentions MCD surge of 1.9% to close at 5.27 and mentions MRK Merck rising 1.7% to 30.60 after its stock was reinstated by Goldman Sachs with a buy rating. Similar theme at USA Today p1B and USA Today p4B "Stocks drift lower as investors await news."

Merck MRK $30.6 +0.50 1.66% 17,698,983 NYSE: NYT pB7 "Shares Fall on Profit Taking After Monthlong Rally" mentions MCD surge of 1.9% to close at 5.27 and mentions MRK Merck rising 1.7% to 30.60 after its stock was reinstated by Goldman Sachs with a buy rating.

Microsoft MSFT $23.42 -0.14 0.59% 31,832,588 NASDAQ-GS: "Cut Publicis some Slack on Razorfish" WSJ pC10 discusses Publicis' purchase of Razorfish from MSFT for $53 bil. It says acquring a strong digital agency makes strategic sense with Internet advertising set to rise 10% this year, compared with an 8.5% decline in the overall ad market. Publicis now owns the world's top two digital agencies, also owning Digitas. MSFT has to be careful ot to upset Publicis's european rival WPP Group with whom MSFT is close.

Pfizer PFE $15.91 -0.05 0.31% 27,107,081 NYSE: No mentions found.

Procter & Gamble PG $52.17 +0.14 0.27% 11,533,126 NYSE: No mentions found.

3M MMM $70.91 -1.99 2.73% 5,880,374 NYSE: WSJ pC1 "Rally Sputters As Blue Chips Give up 0.3%" says stocks dropped Monday as investors took a breatehr from last week's sharp rally and prepared for the next Red. reserve meeting. The Dow Jones Industrial Average, which leapt nearly 200 points last week, declined 32.12 points, or 0.3% to 9337.95 as AA Aloca, Cisco Systems CSCO and MMM 3M each fell more than 3%. BAC BofA is mentioned as gaining 1.6% because of newfound investor optimism that credit markets are stabilizing and from the unwinding of bearish bets on the financial sector.

Traveler's TRV $46.42 -1.04 2.19% 4,671,724 NYSE : No mentions found.

United Technologies UTX $55.89 +0.30 0.54% 4,895,048 NYSE: No mentions found.

Verizon VZ $30.92 -0.16 0.51% 8,493,688 NYSE: WSJ pC1 "The Two Sides of Verizon's Deal Making" says VZ's boss Ivan Seidenberg may be one fo the best deal makers or one of the worst because three of VZ's most significant divestures are either in bankruptcy or near its: VZ's former yellow pages unit, Idearc, filed in May, Vz's former Hawaiian telecom franchise, purchased by Carlyle Group, filed in Dec. and Fair-Point Communications, which absorbed landlines from VZ in a divestment, is close to going under. In all, these companies have lost around $13 bil in value.

Wal-Mart WMT $49.72 +0.43 0.87% 12,864,011 NYSE: USA Today p4B "Stocks drift lower as investors await news" says big reailers such as Wal-Mart Stores and Macy's report earnings this week.