8/26/09 Wed am Boeing Orders Will Jumpstart July Durable Numbers

Post #74 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. Towards the end of the Blog you will find an update of the Dow Jones 30 company recent filings with the SEC which includes the news that DuPont has elected a new CEO effective, Nicholas C. Fanandakis who replaces Ellen Kullman effective 9/1/09, leaving only Kraft among the Dow 30 with a female CEO, Irene Rosenfeld.

The Dow Jones Industrial Average closed Tuesday at 9539.29 up 30.01 or 0.32% from Monday's close of 9509.28. Of the 30 Dow Companies: 20 gained, 9 declined and Microsfot was unchanged with the biggest loser being ExxonMobil XOM $70.68 -0.62 0.87% 20,984,735 NYSE and the biggest gainer being JPMorgan Chase JPM $43.58 +0.57 1.33% 34,367,291 NYSE.

A read of Wednesday's 8/26/09 print editions of: Wall Street Journal, Financial Times, New York Times, Atl Journal Const, and USA Today (Investors Business Daily was not delivered to my Buckhead newstand 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: WSJ pC1 "Ben Bump Nudges Dow To 30.01 Gain" saying investors welcomed better than expected reading of home prices and consumer confidence, as well as Pres. Obama's nomination of Ben bernanke for a second term as chairman of the Federal Reserve, sending indexes to anothe round of hights for the year.

WSJ pC5 "Large Stock Focus- Coach and Macy's Pace Day's Gain" says stocks were lifted to new closinghighs for '09 by strong readings on home prices and consumer confidence in a trading day that was paced by the consumer sector.

NYT B7 "Shares Manage Gains on the Day" says for investors looking for stability int he financial markets and more signs of a recovery, it was easy to cheer the news on ues. The chairman of the Fed Reserve was nominated for another term, housing prices showed slender improvement,a nd consumers grew more confident.

Fin times p20 "Wall Street's bullish tone falters on oil reversal" says further signs of recovery in the US propelled equity markets, before the bullish tone faltered as a big revesal in oil prices trimmed gains for equities and boosted US Treasuries.

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

Tuesday's Dow Jones Industrial Average closing numerator was 1262.23 up 3.97 from Monday's closing Dow numerator of 1258.26. 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 3.97 by the divisor you get 30.01, the increase in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 42.07 up 0.12 from Monday's Dow Jones Industrial Average closing price of 41.94. The median closing price of Tuesday's Dow Jones Industrial Average was 38.27 up 0.43 from Monday's Dow Jones median closing price of 37.84.

The highest closing price Tuesday again was IBM $118.83 -0.49 0.41% 4,639,076 NYSE and the lowest closing price Tuesday again was Alcoa AA $12.35 +0.07 0.56% 24,564,769 NYSE.

The lowest volume Tuesday was MMM $72.68 +0.12 0.17% 3,441,593 NYSE and the highest volume again was BAC BofAm $17.75 +0.40 2.31% 237,415,812 NYSE.

If Tuesday 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 $390
($126,210 - $125,820)

AT&T T $26.3 +0.16 0.61% 25,384,256 NYSE: WSJ pD1 "The Joys, Pains Of Switching Smart Phones" says compares BlackBerrys to iPhones and says that the iPhone only works on one cellular service: AT&T and that the BlackBerry is available from Verizon, AT&T, T-Mobile, Sprint and other carriers.

Fin Times p11 "Sony opens new chapter in fight for dominance of electronic books" says sony has unveiled its bid to reclaim ground lost to Amazon in the battle for control of the emerging electronic book market with a wireless, touch screen reader priced at $399. Sony has bought an undisclosed blook of minutes from AT&T, over whose 3G wireless network the book, the Daily Edition, will opeate in the US so consmers will pay no usage charges. related story at WSJ pB1 "Sony Opens New Cahpter in Rivalry With amazon Over E-Book Readers."

WSJ pB5 "Firms Racing to End Texting and Driving" says the wireless industry trade organization, CITA, says it supports banning texting while driving. CTIA's members include carreirs like AT&T and Verizon Wireless.

AA $12.35 +0.07 0.56% 24,564,769 NYSE: No mentions found.

AXP $32.82 -0.15 0.46% 11,281,895 NYSE: No mentions found.

Bank of AmBAC $17.75 +0.40 2.31% 237,415,812 NYSE: WSJ pC3 "Judge Rips SEC on BofA Pact" says Fed. Judge Jed akoff fired anew shot in his chalenge to a $33 million settlement by BAC ove investor disclosrues, saying the gov's justifiction for letting individual execs off the hook is at war with common sense.

WSJ pC3 "Deal Journal - Brief Bolsters BofA's Claim - Filing Backs Assertion Lender Advised Fed, Treasury on Bonuses" says Judge Rakoff wants the SEC to explain why it didn't go after BAC execs for allegedly lying on a proxy about Merrill bonuses. Accoding to an SEC brief filed int he case, the fed and Treasury were both made waware that Merrill was planning to pay more than $3 bil in bonuses in a eyar that the firm lost $27.6 bil. Related story at NYT pB1 "Scrutiny for SEC In errill Bonuses" and Fin times p13 "US regulators told of Merrill $3 bn bonuses."

WSJ pC5 "Hedge Funds' Holdings in Financials: $70 bil" says hedge funds made an outside bet on financial stocks in the second quarter. Among the funds' favorites were the big banks, including BAC and JPM.

Boeing BA $48.25 +1.12 2.38% 8,226,345 NYSE: WSJ pC1 "Where Consumers Fail, Can Businesses Lead?" says Wed morning Census Bureau data on July durable oods orders will be released and it is expected that orders for long lasting goods made in US factories surged 3% from June mainly to a surge in orders for Boeing airplanes.

CAT $47.83 +0.27 0.57% 9,571,119 NYSE: No mentions found.

CVX $70.65 -0.11 0.16% 11,259,594 NYSE: No mentions found.

CSCO $22 -0.06 0.27% 28,294,889 NASDAQ-GS: No mentions found.

KO $48.74 -0.32 0.65% 10,694,674 NYSE: No mentions found.

DD $32.4 +0.07 0.22% 5,316,459 NYSE: No mentions found.

DIS $26.87 +0.07 0.26% 11,392,667 NYSE: No mentions found.

ExxonMobil XOM $70.68 -0.62 0.87% 20,984,735 NYSE: "Fight Brews as Proxy Access Nears - Companies Race to Derail or Soften SEC Plan; Ultimate Vehicle for Activits" says the largest businesses, alw firms and business groups have stepped up their challenge to the "proxy access" rule, which would let certain shareholders use a company's board election process to nominate directors opposed to management. It mentions that Exxon Mobil says the threshold ownership for proxy access should be 5% and not 1% under the proposal. The SEC proposal would allow shareholders to replace up to 25% of the board while JPMorgan Chase argue one nominee is plenty.

GE $14.3 +0.10 0.7% 74,490,567 NYSE: No mentions found.

Hewlett-Packard HPQ $44.68 -0.11 0.25% 18,072,808 NYSE: WSJ pB5 has an article about Asustek Computer sees an increase in shipments. Asustek makes notebook computers and motherboards for companies such as Dell and HPQ.

HD $27.32 +0.29 1.07% 21,797,257 NYSE: No mentions found.

INTC $19.1 +0.34 1.81% 61,895,253 NASDAQ-GS: No mentions found.

IBM $118.83 -0.49 0.41% 4,639,076 NYSE: No mentions found.

JPM $43.58 +0.57 1.33% 34,367,291 NYSE: WSJ pC5 "Hedge Funds' Holdings in Financials: $70 bil" says hedge funds made an outside bet on financial stocks in the second quarter. Among the funds' favorites were the big banks, including BAC and JPM.

ExxonMobil XOM $70.68 -0.62 0.87% 20,984,735 NYSE: "Fight Brews as Proxy Access Nears - Companies Race to Derail or Soften SEC Plan; Ultimate Vehicle for Activits" says the largest businesses, alw firms and business groups have stepped up their challenge to the "proxy access" rule, which would let certain shareholders use a company's board election process to nominate directors opposed to management. It mentions that Exxon Mobil says the threshold ownership for proxy access should be 5% and not 1% under the proposal. The SEC proposal would allow shareholders to replace up to 25% of the board while JPMorgan Chase argue one nominee is plenty.

JNJ $61.14 -0.14 0.23% 10,807,103 NYSE: No mentions found.

KFT $28.6 +0.20 0.7% 7,624,679 NYSE: No mentions found.

MCD $56.45 +0.54 0.97% 7,425,472 NYSE: No mentions found.

MRK $32.95 +0.45 1.38% 19,160,634 NYSE: No mentions found.

MSFT $24.64 unch unch 43,796,256 NASDAQ-GS: No mentions found.

PFE $16.8 +0.07 0.42% 40,656,260 NYSE: No mentions found.

PG $53.4 +0.06 0.11% 12,622,337 NYSE: No mentions found.

MMM $72.68 +0.12 0.17% 3,441,593 NYSE: No mentions found.

TRV $48.43 +0.48 1% 5,027,662 NYSE: No mentions found.

UTX $59.71 +0.41 0.69% 6,798,423 NYSE: No mentions found.

Verizon VZ $31.31 -0.10 0.32% 10,198,775 NYSE: WSJ pD1 "The Joys, Pains Of Switching Smart Phones" says compares BlackBerrys to iPhones and says that the iPhone only works on one cellular service: AT&T and that the BlackBerry is available from Verizon, AT&T, T-Mobile, Sprint and other carriers.

WSJ pB5 "Firms Racing to End Texting and Driving" says the wireless industry trade organization, CITA, says it supports banning texting while driving. CTIA's members include carreirs like AT&T and Verizon Wireless.

WMT $51.67 +0.12 0.23% 16,467,537 NYSE: No mentions found.

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 7/28/09 8K On July 28, 2009, BA issued $750,000,000 in aggregate principal amount of 3.500% Senior Notes due 2015, $750,000,000 in aggregate principal amount of 4.875% Senior Notes due 2020 and $450,000,000 in aggregate principal amount of 5.875% Senior Notes due 2040.
CAT Caterpiller 8/20/09 8K CAT filed Reg FD information concerning deliveries to users for its Machinery and Engines lines of business.
CVX Chevron 8/5/09 10Q
CSCO Cisco 8/5/09 8K CSCO reported its results of operations for its fiscal fourth quarter and fiscal year 2009 ended July 25, 2009.
KO Coke 7/30/09 10Q
DIS Disney 7/30/09 10Q
DD DuPont 8/13/09 8K On 8/11/09 DD named Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer & Chief Executive effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the Company’s Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009.
Richard R. Goodmanson, EVP and Chief Operating Officer has elected to retire from the Company effective September 30, 2009.
XOM Exxon 8/5/09 10Q
GE 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the Rail business.
HPQ Hewlett-Pack 8/18/09 8K re: release of 731/09 3Q results
HD Home Depot 8/18/09 8K re: release of July 31, 2009 3Q results & 8/21 Form ASR automatic shelf registration for debt securities
INTC Intel 8/3/09 10Q
IBM 7/28/09 10Q
JPM JPMorgan 8/25/09 Free Writing Prospectus relating to reverse convertible securities
JNJ Johnson 8/4/09 10Q
KFT Kraft 8/5/09 10Q
MCD McDonalds 8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"
MRK Merck 8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough
MSFT Microsoft 68/24/09 Securities to be offered to employees in employee benefit plans
PFE Pfizer 8/6/09 10Q
PG Procter Gam 8/25/09 424 Prospectus re: Notes due 2015
MMM 3M 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.
TRV Travelers 8/5/09 10Q/A Amended 10Q
UTX United Tech 7/24/09 10Q
VZ Verizon 7/30/09 10Q
WMT Wal-Mart 8/13/09 8K re 7/31/09 2Q report of earnings 0Q

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 Nicholas C. Fanandakis replaces Ellen Kullman 9/1/09
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