Thursday, August 13, 2009

8/13/09 am Travelers Gets a Boost

Post #52 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 Thursday's 8/13/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, and USA Today 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 Tuesday's closing price and related data:

Dow Jones Industrial Average: WSJ pC1 "Dow Jumps by 120.16 as the Bulls Seize Day" says industrial copanies such as UTX Untied Technologies and CAT Caterpillar were strong, oving up on improving expectations for the economy. Fin Times p20 "Citigroup leads wa in strong rebound for financial sector" says TRV Travelers' success in keeping a strong balance sheet has helped it protect its market value and find its way on to the Dow. Yesterday that success convinced S&P to raise its outlook on TRV's credit rating, boosting the stock 23.3 % to 46.43. USA Today p5b says stocks rallied Wed, rebounding from the market's biggest drop in a month, after the Fed left short term interest rates unchanged and said the recesion is easing, and analysts boosted their outlook on insurers and also mentioned TRV helped lead insurers higher after its credit outllok was lifted at S&P's. WSJ pC5 "large Stock Focus" says JPM JPMorgan increased 0.97 or 2.4% to 42.21 and helped push the Dow up yesterday and that UTX and CAT were up as well.

T $25.65 +0.29 1.14% 21,036,352 NYSE: No mentions found.

AA $12.96 +0.25 1.97% 34,957,741 NYSE: No mentions found.

AXP $31.8 +0.29 0.92% 9,049,490 NYSE: No mentions found.

BAC $15.93 +0.08 0.5% 303,851,125 NYSE: WSJ pC1 has a story about Wall Street banks trying to apease the Pay Czar and says BAC is proposing average compensation to its top execs of $7 million.

BA $46.34 +0.95 2.09% 4,681,883 NYSE: No mentions found.

CAT $47.58 +1.30 2.81% 11,463,326 NYSE: WSJ pC1 "Dow Jumps by 120.16 as the Bulls Seize Day" says industrial copanies such as UTX Untied Technologies and CAT Caterpillar were strong, oving up on improving expectations for the economy. WSJ pC5 "large Stock Focus" says JPM JPMorgan increased 0.97 or 2.4% to 42.21 and helped push the Dow up yesterday and that UTX and CAT were up as well.

CVX $68.72 +0.78 1.15% 8,949,582 NYSE: No mentions found.

CSCO $21.43 +0.26 1.23% 49,293,734 NASDAQ-GS: No mentions found.

KO $48.46 -0.58 1.18% 12,441,514 NYSE: Inv Bus. Daily has an article about J&J Snack Foods, the nation's biggest sellf of soft pretzers, and says its sells Minute Maid frozen jice products under a license from KO Coke and its top customers include WMT Walmart, Target and Costco.

DIS $26.22 +0.32 1.24% 8,956,569 NYSE: Inv Bus Daily pA4 in an article about DVD sales may fall of of kiosk vendor, Redbok, selling them cheaply in kisok vending machines mentions that last week, 20th Century Fox joined GE's Universal Pictures in a bid to rpeserve lucrative DVD retail sales by keeping movies out of Redbox's $1 per night rental kiosks for some period after they go on sale. It says that Redbox began in 2002 as a way for MCD McDonald's to expand beyond the burger business and now has 17,900 kiosks in the US and plan 8,500 more this year. USA Today p1B says Sony, DIS Disney and Lionsgate are supplying new videos to Redbox. Similar story at WSJ pB8.

DD $32.49 -0.49 1.49% 9,595,766 NYSE: No mentions found.

XOM $69.11 +0.98 1.44% 19,182,689 NYSE: No mentions found.

GE $14.13 +0.14 1% 92,278,164 NYSE: Inv Bus Daily pA4 in an article about DVD sales may fall of of kiosk vendor, Redbok, selling them cheaply in kisok vending machines mentions that last week, 20th Century Fox joined GE's Universal Pictures in a bid to rpeserve lucrative DVD retail sales by keeping movies out of Redbox's $1 per night rental kiosks for some period after they go on sale. It says that Redbox began in 2002 as a way for MCD McDonald's to expand beyond the burger business and now has 17,900 kiosks in the US and plan 8,500 more this year. USA Today p1B says Sony, DIS Disney and Lionsgate are supplying new videos to Redbox. Similar story at WSJ pB8. WSJ pB7 has a story about advertising on web sites and quotes Ed Erhardt who oversees ad sales at ESPN which is a unit of DIS.

MRK $30.74 +0.41 1.35% 12,308,696 NYSE: No mentions found.

HPQ $44.18 +0.79 1.82% 13,789,940 NYSE: No mentions found.

HD $27.2 +0.31 1.15% 13,253,098 NYSE: No mentions found.

INTC $18.81 +0.17 0.91% 52,899,896 NASDAQ-GS: No mentions found.

IBM $119.29 +1.50 1.27% 6,288,689 NYSE: No mentions found.

JPM $42.21 +0.97 2.35% 43,003,137 NYSE: WSJ pC5 "large Stock Focus" says JPM JPMorgan increased 0.97 or 2.4% to 42.21 and helped push the Dow up yesterday.

JNJ $60.59 +0.37 0.61% 8,219,031 NYSE: No mentions found.

MCD $56.26 +0.24 0.43% 7,222,931 NYSE: Inv Bus Daily pA4 in an article about DVD sales may fall of of kiosk vendor, Redbok, selling them cheaply in kisok vending machines mentions that last week, 20th Century Fox joined GE's Universal Pictures in a bid to rpeserve lucrative DVD retail sales by keeping movies out of Redbox's $1 per night rental kiosks for some period after they go on sale. It says that Redbox began in 2002 as a way for MCD McDonald's to expand beyond the burger business and now has 17,900 kiosks in the US and plan 8,500 more this year.

MRK $30.74 +0.41 1.35% 12,308,696 NYSE: No mentions found.

MSFT $23.53 +0.40 1.73% 61,922,401 NASDAQ-GS: wSJ pB6 "Microsoft, Nokia Take Aim at BlackBery - Giants Strike Alliance to Bring Office and Collaboration Software to Nokia's Cellphones" and Inv Bus Daily pA2 mentions that MSFT Nokia deal to counter RIM's Blackberry by bring MSFT's Ofice suite of applications to Nokia handsets and similar story at Fin times p13 (this was reported on yesterday's Blog). Related story at Fin Times p10. Same Fin Times story also says MSFT msut pay more than $290 m in damages to software firm i4i for infringing a patent which is also the subject ot a story at USA Today p3B "Microsoft loses patent suit - Plans to fight order to stop selling Word in US, pay fine" says a federal district court judge has ordered MSFT to stop selling Word in the US. Toronto based i4i which has 30 employees claims that MSFT vioalted an obscure patent related to Extensible Markup Language or SML. It's a key softwre component of many websites and coputer pogams, including Word. WSJ pC4 says SEC against Pequot Capital Mgmt and its founder Arthur Samberg over its '01 trading of MSFT.

PFE $15.86 +0.03 0.19% 35,396,090 NYSE: No mentions found.

PG $52.08 +0.15 0.29% 10,133,140 NYSE: No mentions found.

MMM $72.33 +0.99 1.39% 4,806,710 NYSE: No mentions found.

TRV $46.43 +1.50 3.34% 4,952,466 NYSE: Fin Times p20 "Citigroup leads wa in strong rebound for financial sector" says TRV Travelers' success in keeping a strong balance sheet has helped it protect its market value and find its way on to the Dow. Yesterday that success convinced S&P to raise its outlook on TRV's credit rating, boosting the stock 23.3 % to 46.43. USA Today p5b says stocks rallied Wed, rebounding from the market's biggest drop in a month, after the Fed left short term interest rates unchanged and said the recesion is easing, and analysts boosted their outlook on insurers and also mentioned TRV helped lead insurers higher after its credit outllok was lifted at S&P's.

UTX $58.17 +2.40 4.3% 8,667,211 NYSE: WSJ pC1 "Dow Jumps by 120.16 as the Bulls Seize Day" says industrial copanies such as UTX Untied Technologies and CAT Caterpillar were strong, oving up on improving expectations for the economy. WSJ pC5 "large Stock Focus" says JPM JPMorgan increased 0.97 or 2.4% to 42.21 and helped push the Dow up yesterday and that UTX and CAT were up as well.

VZ $31.21 +0.61 1.99% 23,399,724 NYSE

WMT $50.51 +0.47 0.94% 18,204,111 NYSE: Inv Bus. Daily has an article about J&J Snack Foods, the nation's biggest sellf of soft pretzers, and says its sells Minute Maid frozen jice products under a license from KO Coke and its top customers include WMT Walmart, Target and Costco. AJC has a story about Neil Diamond coming out with a new CD that will be introduced at WMT today. WSJ pC1 "Ahead of the Tape" says WMT will report 2Q results this morning & analysts estimate it earned 0.86 a share, matching eyar earlier results. WMT shares are up just 6% since 3/9 and now trade at 14 times '09 estimated earnings copared with 21 for Macy's.