Tuesday, August 25, 2009

8/25/09 Tues am Amer. Heart Assoc. Sugar Stance Hits Coke

Post #72 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 Jones Industrial Average closed Monday at 9509.28 up 3.32 or 0.03% from Friday's close of 9505.96. Of the 30 Dow Companies: 13 gained and 17 declined with the biggest loser being Coke KO $49.06 -0.85 1.7% 10,869,883 NYSE and the biggest gainer being ExxonMobil XOM $71.3 +1.38 1.97% 25,591,603 NYSE.

A read of Tuesday's 8/25/09 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 Friday's closing price and related data:

Dow: WSJ pC6 "Large Stock Focus - Boeing Climbs 2.7%; Best Buy Falls 4.5%" says as the Dow Jones Industrial average rose for its fifth consecutive session, Boeing helped it stay aloft after receiving a contract from Canadian airline WestJet who ordered 14 737-700s. It aslo says Procter & Gamble's sale of its drug unit to Warner Chilcott shows more deals like that are coming as PG shed 0.24.

NYT pB7 "Shares Pause After Recent Gains, While Oil Rises" says worries about the consumer restrained Wall Street's momentum on Monday, reflecting investors' concerns that the economy might limp along if Americans did not start spending againt. Investors edged away from consumer focused companies like clothing retailers, food companies and furniture makers noting that sahres of Home Depot and Coke fell the most among blue chip stocks. It says investors continued to warm to energy producers like Chevron and ConocoPhillips.

USA Today p4B "Financial stock losses undercut market" saying the stock market took a break from its four session advance as financial stocks, which had been surging, retreated.

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

Monday's Dow Jones Industrial Average closing numerator was 1258.26 up 0.44 from Friday's closing Dow numerator of 1257.82. 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 numerator increase for today of 0.44 by the divisor you get 3.32, the increase in Friday's Dow close.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 41.94 up 0.01 from Friday's Dow Jones Industrial Average closing price of 41.93. The median closing price of Monday's Dow Jones Industrial Average was 37.84 down 0.42 from Friday's Dow Jones median closing price of 38.26.

The highest closing price Monday again was IBM $119.32 -0.58 0.48% 6,360,699 NYSE and the lowest closing price Monday again was Alcoa AA $12.42 -0.14 1.11% 30,727,821NYSE.

The lowest volume Monday was MMM $72.56 -0.08 0.11% 2,504,464 NYSE and the highest volume again was BAC BofAm $17.35 -0.11 0.63% 315,026,121 NYSE.

If Monday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $30
($125,820 - $125,790)

AT&T T $26.14 +0.14 0.54% 17,980,074 NYSE: WSJ pB4 "Femtocells Await Their Day in the Sun - Wirelss-Call Boostes Ae Sometimes a Difficlt Sell for the Big Mobile Carriers" talks about fentocells, which are small boxes that act like miniature cellular towers, and have long been held out as a solution to spotty cellphone service andd ropped calls. But the devices which plug into broadbank Intenet connections to provide improved coverage inside homes, ahve been slow to catch on with consumers since they hit the market late last year. AT&T doesn't sell femtocells. Verizon Wireless and Sprint Nextel offer the devices though mostly as a stop gap in areas of poor coverage. It sells from around $250 and is made by Samsung.

AA $12.42 -0.14 1.11% 30,727,821 NYSE: No mentions found.

AXP $32.67 -0.18 0.55% 14,356,175 NYSE: No mentions found.

Bank of Am BAC $17.35 -0.11 0.63% 315,026,121 NYSE: AJC pA8 "Bank of America argues settlement with SEC fair" says BAC defended the fairness of a proposed $33 mil it struck with fed regulators over exec bonuses paid out by Merrill Lynch. Similar theme at USA Today p5B "BofA asks judge to KO $33 million fine."

WSJ pA1 "Slump Spurs Grab for Markets" says that there may be some winners in the recession such as JPMorgan who is raking in money from depositors as weaker banks fall. It also says BofAm's mortgage and insurance arm lost money in the second quarter, bu mortgage refinancing volume was up significantly.

NYT pB1 "Focus Shifts to Lawyers' Actions in Case of Merrill's Bonuses" says responding to questions posed by a fed judge, BAC and SEC lawyers said BAC had relied on its outside lawyers to fill in the fine print in the contracts blaming Wachtell, Lipton and Shearman & Sterling for any failure to disclose problems.

Inv Bus. Daily pA2 says BAC has agreed to pay $150 million to settle a class ation lawsuit accusing Merrill of misleading ivnestors re: sale of bonds and preferred stock.

Boeing BA $47.13 +1.26 2.75% 6,157,061 NYSE: WSJ pC6 "Large Stock Focus - Boeing Climbs 2.7%; Best Buy Falls 4.5%" says as the Dow Jones Industrial average rose for its fifth consecutive session, Boeing helped it stay aloft after receiving a contract from Canadian airline WestJet who ordered 14 737-700s. It aslo says Procter & Gamble's sale of its drug unit to Warner Chilcott shows more deals like that are coming as PG shed 0.24. BA is charted in the side bar "The Good News" saying WestJet ordered 14 planes.

CAT $47.56 +0.26 0.55% 9,771,630 NYSE: No mentions found.

Chevron CVX $70.76 +1.03 1.48% 9,650,867 NYSE: NYT pB7 "Shares Pause After Recent Gains, While Oil Rises" says worries about the consumer restrained Wall Street's momentum on Monday, reflecting investors' concerns that the economy might limp along if Americans did not start spending again. Investors edged away from consumer focused companies like clothing retailers, food companies and furniture makers noting that sahres of Home Depot and Coke fell the most among blue chip stocks. It says investors continued to warm to energy producers like Chevron and ConocoPhillips.
CSCO $22.06 -0.13 0.59% 52,669,350 NASDAQ-GS

Coke KO $49.06 -0.85 1.7% 10,869,883 NYSE: WSJ pB3 "Heart Group takes Aim At Sugar in Soft Drinks" says the American Heart Association fire a shot against the soft drink industry, with a scathing report urging consumers to cut back on sugary drinks. The warning was an unexpected blow for soda makers like KO and Pepsi which are already hurting from a decline in soda sales and have struggled for years to fend off criticism that their drinks are not healthy.

NYT pB7 "Shares Pause After Recent Gains, While Oil Rises" says worries about the consumer restrained Wall Street's momentum on Monday, reflecting investors' concerns that the economy might limp along if Americans did not start spending againt. Investors edged away from consumer focused companies like clothing retailers, food companies and furniture makers noting that sahres of Home Depot and Coke fell the most among blue chip stocks. It says investors continued to warm to energy producers like Chevron and ConocoPhillips.

DD $32.33 -0.38 1.16% 4,601,058 NYSE: No mentions found.

Disney DIS $26.8 +0.01 0.04% 9,181,789 NYSE: Inv. Bus. Daily pA4 "Comcast's Stealth Internet Strategy evolving Under the Radar" says its Fancast.com lags Hulu which is a joint venture of NBC Univesal, News Corp. and Dis in veiwership and online ad revenue altho Comcast has big ambitions for the Web site.

XOM $71.3 +1.38 1.97% 25,591,603 NYSE: No mentions found.

GE $14.2 -0.01 0.07% 83,293,542 NYSE: No mentions found.

HPQ $44.79 +0.01 0.02% 15,081,651 NYSE: No mentions found.

Home Depot HD $27.03 -0.47 1.71% 16,187,952 NYSE: WSJ pB3 "Lowe's Plans Retail oint-Venture in Australia" says Lowe's plans to expand into Australia through a joint venture with that nation's top retailer, Woolworths Ltd. Lowe's is the second largest home improvement chain have Home Depot.

NYT pB7 "Shares Pause After Recent Gains, While Oil Rises" says worries about the consumer restrained Wall Street's momentum on Monday, reflecting investors' concerns that the economy might limp along if Americans did not start spending againt. Investors edged away from consumer focused companies like clothing retailers, food companies and furniture makers noting that sahres of Home Depot and Coke fell the most among blue chip stocks. It says investors continued to warm to energy producers like Chevron and ConocoPhillips.

INTC $18.76 -0.1301 0.69% 38,682,921 NASDAQ-GS: No mentions found.

IBM $119.32 -0.58 0.48% 6,360,699 NYSE: No mentions found.

JPMorgan JPM $43.01 -0.65 1.49% 40,004,669 NYSE: WSJ pB3 has an item about Reader's Digest filing for bankruptcy on Monday as was expected and says that under their proposed plan the senior lenders led by JPM would swap a significant amount of their $1.6 billion in debt for about a 92.5% stake in the reorganized company. Similar theme at NT pB7.

WSJ pA1 "Slump Spurs Grab for Markets" says that there may be some winners in the recession such as JPMorgan who is raking in money from depositors as weaker banks fall. It also says BofAm's mortgage and insurance arm lost money in the second quarter, bu mortgage refinancing volume was up significantly.

JNJ $61.28 +0.25 0.41% 10,462,051 NYSE: No mentions found.

KFT $28.4 -0.41 1.42% 9,923,971 NYSE: No mentions found.

MCD $55.91 -0.36 0.64% 6,638,557 NYSE: No mentions found.

MRK $32.5 -0.06 0.18% 13,074,760 NYSE: No mentions found.

Microsoft MSFT $24.64 +0.23 0.94% 54,156,640 NASDAQ-GS: AJC pA8 "Yahoo to upgrade search before Microsoft deal" says eve though Yahoo will lean on MSFT's search engine, Yahoo said it will keep innovating in the field as it previewed an upcoming overhaul to its search page that will include a feature that will let users look at results from social hubs such as Facebook and Twitter. The new look will be unveiled by year end just before Yahoo hopes to embrace MSFT's search technology. Similar story at WSJ pB4 "Yahoo Retools Email, Messaging" and at USA Today pB1 and at INv Bus Daily pA2.

WSJ pB6 "Nokia Jumps Into Market For Netbooks" says Nokia unveiled a netbook computer, the Nokia Booklet 3g, using MSFT's Windows software that marks Nokia's entry into this fast growing but crowded sector that is blurring the lines between PC companies and handset makers. Similar theme at NYT pB5 "Nokia Plans to Enter the Market for Netbooks - The company last made computers in the 1980s." Similar story at Fin Times p12 "Nokia branches out with netbook launch" and front page of Investor's Bus. Daily "Nokia Will Attack converging Market With Frist Netbook."

AJC pA8 "Apple's new operating system set for sale Friday" says Apple's latest operating system software, Snow Leopard, will go on sale this week and will precede by 2 months the launch of MSFT's next operating system, Windows 7.

WSJ pC10 "Heard on the Street - Is google Sitting on the Clock of eBay" asks if Google is the next eBay saying competition from MSFT's search enginge, Bing, is showing signs of life altho its market share isonly 4.9% but it will rise assuming the deal with yahoo is completed.

Procter & Gamble PG $53.34 -0.24 0.45% 11,781,726 NYSE: PG's sale of its prescription drug business for $3.1 bil to Warner Chilcott is netioned in a story at WSJ pB3 "Advent to Acquire Charlotte Russe"which is a clothing retailer. The deal is also mentioned at WSJ pC10 "Warner Chilcott's Shrewd Drug Gamble" and at NYT pB3"With Sale, P&G Exits Global Drug Business," and "Warner Chilcott/P&G."

WSJ pB5 "P&G Deal Suggest More Pruning" says that analysts are saying that the sale of PG's drug unit suggests that PG will sell other noncore businesses and that this is only the first deal of many under Bob McDonald who became CEO in July.

Fin Times p11 "P&G sheds pharma division" says the debt funded deal ends PG's move into the highly competitive medicines sector.

WSJ pC6 "Large Stock Focus - Boeing Climbs 2.7%; Best Buy Falls 4.5%" says as the Dow Jones Industrial average rose for its fifth consecutive session, Boeing helped it stay aloft after receiving a contract from Canadian airline WestJet who ordered 14 737-700s. It aslo says Procter & Gamble's sale of its drug unit to Warner Chilcott shows more deals like that are coming as PG shed 0.24.

MMM $72.56 -0.08 0.11% 2,504,464 NYSE: No mentions found.

TRV $47.95 -0.25 0.52% 4,361,178 NYSE: No mentions found.

UTX $59.3 +0.59 1% 5,756,776 NYSE: No mentions found.

Verizon VZ $31.41 +0.04 0.13% 8,607,045 NYSE: AJC pA8 "Fairpoint's network move against Verizon probed" says regulators in Vt., NH, and Maine are looking into allegaions that Fairpoint Communications faked its readiness to take over the region's dominant telephone network from Verizon during a review by a consultant to the states.

Walmart WMT $51.55 +0.19 0.37% 11,460,429 NYSE: Inv. Bus Daily pB3 "Cost controls Aid Results for Apparel Chains" says the apparel retailing industry is improving with six companies boasting earnings per share ratings above 90 and mentions that good inventory control was cited when Kohl's and WMT reported earnings earlier this month.

Here are the latest SEC filings as of 8/24/09 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 8/17/09 8K annoucning a settlement with he Int'l Communications Works (IBEW) for a 3 year contract covering 8.900 employees in Illinois and Indiana subject to members' approval.
AA Alcoa 7/13/09 8K 2nd Quarter Earnings Results
AXP 8/17/09 8K furnishing owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services (“USCS”) operating segment for the months ended May 31, June 30 and July 31, 2009.
BAC Bank of Am in addition to two 424 Prospectuses and a free writing prospectus regarding issuance of notes, on 8/21/09 8K BAC appointed Robert W. Scully to its board of directors and he is expected to serve on the Asset Quality and Compensation and Benefits Committees of the Board.
BA Boeing 7/7/09 8K Acquisition of Vought Aircraft
CAT Caterpiller 6/23/09 11K Annual Report of Employee Stock Purchase Plan
CSCO Cisco 6/2/08 S8 Regis. of securities to employees
KO Coke 6/25/09 11K Annual Report of Employee Stock Purchase Plan
DIS Disney 6/26/09 11K Annual Report of Employee Stock Purchase Plan
DD DuPont 6/29/09 11K Annual Report of Employee Stock Purchase Plan
XOM Exxon 6/24/09 11K Annual Report of Employee Stock Purchase Plan
GE 6/25/09 11K Annual Report of Employee Stock Purchase Plan
HPQ Hewlett-Pack 6/30/09 11K Annual Report of Employee Stock Purchase Plan
HD Home Depot 6/29/09 11K Annual Report of Employee Stock Purchase Plan
INTC Intel 7/14/09 8K Financial results 3rd quarter
IBM 6/29/09 11K Annual Report of Employee Stock Purchase Plan
JPM JPMorgan 7/14/09 Freewriting Prospectus
JNJ Johnson 6/28/09 8K Press release re: financial results
KFT Kraft 6/22/09 8K re: personnel changes
MCD McDonalds 6/22/09 Prospectus
MRK Merck 7/1/09 8K Closing of sale of notes
MSFT Microsoft 6.29.09 11K Annual Report of Employee Stock Purchase Plan
PFE Pfizer 6/29/09 11K Annual Report of Employee Stock Purchase Plan
PG Procter Gam 7/13/09 8K re: 0.44 dividend
MMM 3M 7/7/09 8K settlement of shareholder derivative suit
TRV Travelers 6/24/09 11K Annual Report of Employee Stock Purchase Plan.
UTX United Tech 6/26/09 11K Annual Report of Employee Stock Purchase Plan
VZ Verizon 6/29 11K Annual Report of Employee Stock Purchase Plan
WMT Wal-Mart 6/5/09 10Q

Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis
BA W. James McNerney, Jr.
CAT James W. Owens
CVX David O'Reilly
CSCO John Chambers
KO Muhtar Kent
DIS Rogert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke