Friday, August 28, 2009

8/28/09 pm Dow Closes 9544.2 down 36.43 or .38%

The following is not intended as advertising by a broker-dealer and is not a research report.

Post #79 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 this Blog is an update of the Dow 30's most recent SEC filings.

The Dow Jones Industrial Average closed Friday at 9544.2 down 36.43 or 0.38% from Thursday's close of 9580.63. Of the 30 Dow Companies: 10 gained and 20 declined with the biggest loser being IBM $118.22 -1.21 1.01% 6,209,889 NYSE and the biggest gainer being INTEL INTC $20.25 +0.78 4.01% 104,941,771 NASDAQ-GS.

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

Friday's Dow Jones Industrial Average closing numerator was 1262.88 down 4.82 from Thursday's closing Dow numerator of 1267.70. 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 decrease for today of 4.82 by the divisor you get 36.43, the decrease in Frisday's Dow close.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 42.10 down 0.16 from Thursday's Dow Jones Industrial Average closing price of 42.26. The median closing price of Friday's Dow Jones Industrial Average was 38.58 down 0.13 from Thursday's Dow Jones median closing price of 38.71.

The highest closing price Friday again was IBM $118.22 -1.21 1.01% 6,209,889 NYSE and the lowest closing price Frisday again was Alcoa AA $12.5 +0.10 0.81% 20,312,044 NYSE.

The lowest volume Friday was MMM $71.92 +0.29 0.4% 3,488,085 NYSE and the highest volume again was BAC $17.98 +0.06 0.33% 187,222,689 NYSE.

If Friday 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 lost $480
($126,780 - $126,300)

Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

T $26.21 -0.21 0.79% 21,997,644 NYSE
AA $12.5 +0.10 0.81% 20,312,044 NYSE
AXP $34.24 +0.28 0.82% 10,696,189 NYSE
BAC $17.98 +0.06 0.33% 187,222,689 NYSE
BA $51.04 -0.78 1.51% 11,450,057 NYSE
CAT $46.71 -0.37 0.79% 7,562,470 NYSE
CVX $70.68 -0.32 0.45% 7,279,791 NYSE
CSCO $22 +0.12 0.55% 35,876,840 NASDAQ-GS
KO $49.06 -0.38 0.77% 6,826,159 NYSE
DD $32.56 +0.23 0.71% 6,471,222 NYSE
DIS $26.84 -0.17 0.63% 9,229,411 NYSE
XOM $70.12 -0.74 1.04% 17,654,968 NYSE
GE $14.08 -0.11 0.78% 73,570,478 NYSE
HPQ $44.76 -0.05 0.11% 19,534,247 NYSE
HD $27.69 +0.14 0.51% 12,806,127 NYSE
INTC $20.25 +0.78 4.01% 104,941,771 NASDAQ-GS
IBM $118.22 -1.21 1.01% 6,209,889 NYSE
JPM $42.92 -0.53 1.22% 27,092,089 NYSE
JNJ $60.29 -0.20 0.33% 10,869,444 NYSE
KFT $28.34 -0.08 0.28% 5,953,786 NYSE
MCD $56.07 -1.09 1.91% 8,662,629 NYSE
MRK $32.32 -0.55 1.67% 12,049,972 NYSE
MSFT $24.68 -0.01 0.04% 55,640,970 NASDAQ-GS
PFE $16.81 -0.05 0.3% 33,384,351 NYSE
PG $53.19 +0.13 0.25% 8,948,196 NYSE
MMM $71.92 +0.29 0.4% 3,488,085 NYSE
TRV $49.61 +0.41 0.83% 3,810,917 NYSE
VZ $31.02 -0.03 0.1% 13,760,684 NYSE
UTX $59.64 -0.37 0.62% 3,835,157 NYSE
WMT $51.13 -0.11 0.21% 14,768,415 NYSE

The following appeared in Friday morning's Blog:

The Dow Jones Industrial Average closed Thursday at 9580.63 9543.52 up 37.11 or 0.39%from Wednesday's close of 9543.52. Of the 30 Dow Companies: 17 gained and 13 declined with the biggest loser being WalMart WMT $51.24 -0.56 1.08% 17,201,061 NYSE and the biggest gainer being Boeing BA $51.82 +4 8.36% 17,771,484 NYSE.

Dow Thought for the Day: Your Blogger has issued a total of four research reports, well documented because each one was accompanied by a press release on PR Newswire: just google Intellivest Research Report and the following subject companies: Boeing (BA), Harris & Harris (TINY), Concurrent (CCUR), and Numerex (NMRX). Each conclusion was either a buy or a speculative buy: each company has gone up since the report was issued. I have only done one research report on my beloved Dow Jones 30 companies and that was on my favorite Dow Jones Company of all -Boeing because in the 80's my best friend and I ran a small airline that flew a small fleet of 9 Boeing aircraft and I saw first hand what a fine company Boeing was and the quality of the people they hired. Until I got into the aviation business I was a white knuckle flier but the more I learned about Boeing the more I let my intellect overcome my irrational fear of flying and I became a better person as a result. The products of a lot of companies (including some Dow Jones 30, sorry to say) are simply not good products, they do not promote health or make the world a better place, they do promote jobs and support their employees and shareholders and that is ok. But Boeing does it all: makes money and advances the progress of mankind by their innovations in the art of flight. I say all this to tell you that I recommended Boeing on June 25, 2009 as a buy at $41.32 and it closed yesterday at $51.82 up $4.00 the biggest single day's increase in a Dow Jones 30 company since this Blog started.

A read of Friday's 8/27/09 print editions of: Wall Street Journal, Financial Times, New York Times, Investors Business Daily, Atl Journal Const, USA Today and 8/26/09 -9/3/09 issue of Atlanta Business Chronicle 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: NYT pB7 "Stocks & Bonds - Boeing and AIG Bolster Listless sumemrtime rading" says as it did for most of the week, Wall Street spent Thurs. searching for direction. The main indexes spent Thurs morning int he red but climbiend into positive territory after an afternoon rebound in oil prices and the nergy sector. Shares of Chevron and Exxon Mobil closed relatively flat after falling by more than 1.7 % during intraday trading. Sahres of Boeing, which announced that it would test fly its 787 by the end of year, rose more than 8% or $4 to 51.82. See my thoughts above at "Dow Thought of the Day."

WSJ pC1 "With Trading Light, 5 Stocks a Rally Makes" says a combination of low trading volume and soaring interest in a small group of stocks by short term investors, some using high frequency trading strategies, may be driving the sotck market more than the performance or prospects of the underlying companies.

WSJ pC1 "Blue Chips Add 37.11 Points As the Win Streak Hits Eight" says a turnaround in oil prices and an announcement from Boeing helped stocks reverse early losses and finish with modest gains.

WSJ pC5 "Large Stock Focus - Boeing Takes Flight, As Will Dreamliner" says a series of financial firms, including Citigroup and Bank of Am, paced the market higher and dominated the volume, while a rosy update on the much delayed Dreamliner airplane helped Boeing lead industrials into the green. Boeing under "The Good News" is charged saying "Investors will believe it when they see it" but the 787 is expected to make its first flight by year end.

FT p20 "AIG and Citigroup make up for energy sector weakness" says US stocks ralleid strongly during the day yesterday, revesing early losses, as some of the more beaten up financial stocks gathered momentum and squeezed out short selelrs. Chevon closed down 0.1% while ExxoMobil was 0.7% lower.

USA Today p4B "Markets thursday - Stocks keep gong on rising oil prices" says US stocks closed higher again Thur. as investors turned back an early sell off, thanks to a rebound in oil prices and mentions Boeing.

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

Thursday's Dow Jones Industrial Average closing numerator was 1267.70 up 4.91 from Wednesday's closing Dow numerator of 1262.79. 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 4.91 by the divisor you get 37.11, the increase in Thursday's Dow close.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 42.26 up 0.17 from Wednesday's Dow Jones Industrial Average closing price of 42.09. The median closing price of Thursday's Dow Jones Industrial Average was 38.71 up 0.49 from Wednesday's Dow Jones median closing price of 38.22.

The highest closing price Thursday again was IBM $119.43 -0.04 0.03% 4,356,403 NYSE and the lowest closing price Thursday again was Alcoa AA $12.4 +0.14 1.14% 26,459,258 NYSE. The lowest volume Thursday was MMM $71.63 +0.21 0.29% 4,076,391 NYSE and the highest volume again was BAC BofAm $17.92 +0.13 0.73% 175,968,302 NYSE.

If Thursday 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 $510
($126,780 - $126,270)

AT&T T $26.42 -0.09 0.34% 20,301,692 NYSE: WSJ pB3 "Regulators Begin Wireless Inquiry" (Also at FT p3 & USA Today p1B)says US regulators opened a sweeping inquiry into the wirelss indsutry that will include a look at how the agency could revamp its rules to give consumers more info about charges on their phone and cable tv bills. The FCC wii look at the exclusive deals between wireless carriers and cellphone makers such as T's offering of Apple's iPhone.

WSJ pC10 "Heard on the Street - Looking for Cable's Moment in the Sun" says cable and phone stocks have alrgely missed out on the rally due to a perception that telecommunications won't benefit from an economic upturn. The fact that cable and phone companies provide the infrastructure underpining Internet use ssems to be underapprciated. On the face of it, VZ and AT&T look attractive with dividend yields of about 6%, not a bad return in a low interest rat3 environment. Cable companies in contrast pay measly dividends at best. Growth at T and VZ is being driven by wireless, but that market is near saturation. Pice cutting is going to happen and growth will come from subsribers willing to pay more for data services. Cable comapnies such as Comcast are spending money elsewhere and notes its tried to buy Disney in '04.

FT p* "Sony tries to turn the ereader page with Kindle killers" says the wirelss enable Kindle family has proved that the market for easy to use ebook readers is real, growing and not just for early adopted and says the top of the range Daily Edition will use T's 3G mobile network int he USA and will cost $499.

AA $12.4 +0.14 1.14% 26,459,258 NYSE: No mentions found.

Amex AXP $33.96 +0.82 2.47% 13,218,348 NYSE: WSJ pC3 "Was Government Right on TARP? Defendes Said Program Would Tur a Profit: Thus Far, a 10.16% Return" says the biggest returns are from goldman Sachs, Morgan Stanley and AXP which yielded 14.18%, 12.68%, and 12.23% respectively.

Bank of Am BAC $17.92 +0.13 0.73% 175,968,302 NYSE: WSJ pC5 "Large Stock Focus - Boeing Takes Flight, As Will Dreamliner" says a series of financial firms, including Citigroup and Bank of Am, paced the market higher and dominated the volume, while a rosy update on the much delayed Dreamliner airplane helped Boeing lead industrials into the green. Boeing under "The Good News" is charged saying "Investors will believe it when they see it" but the 787 is expected to make its first flight by year end.

WSJ pC9 in an article about money managers merging says that large diversified financial institutions will be divesting their investment management business and cities BAC's decision to sell its columbia Managemet Group unit as an example of this trend.

WSJ pC10 "Learning to Love Bank Debt Weaklings" says debt markets are still showing nervousness about Citi and Bank of Am and that buying default protection with credit default swaps costs more for Citi and BofA than it does for JPM and Wells Fargo.

Boeing BA $51.82 +4 8.36% 17,771,484 NYSE: NYT pB5 "Boeing, 2 Years Behind Schedule, Plans Dreamliner Flight for "09" " (Also at WSJ pB3 "Boeing Dreamliner to Fly in 2009" AJC pA20 & FT p10, 11 & 12 & USA Today p3B. says the first test flight of Ba's long delayed 787 Dreamliner will happen by the end of '09 two years being schedule and it will deliver its first Dreamliner int he fourth quarter of '10 compared with the original May '08 delivery date. Lither and more fuel efficient that other lanes, the Dreamliner is BA's first major new plane in a decalde and there are more than 800 ordrs waitng to be filled but its production has been plagued by delays steming from suplly problems, a labor strike, parts shortages and structural flaws. I recommended Boeing on 6/25/09 at $41.32 and it closed yesterday at $51.82.

NYT pB7 "Stocks & Bonds - Boeing and AIG Bolster Listless sumemrtime rading" says as it did for most of the week, Wall Street spent Thurs. searching for direction. The main indexes spent Thurs morning int he red but climbiend into positive territory after an afternoon rebound in oil prices and the nergy sector. Shares of Chevron and Exxon Mobil closed relatively flat after falling by more than 1.7 % during intraday trading. Sahres of Boeing, which announced that it would test fly its 787 by the end of year, rose more than 8% or $4 to 51.82. See my thoughts above at "Dow Thought of the Day."

WSJ pC1 "Blue Chips Add 37.11 Points As the Win Streak Hits Eight" says a turnaround in oil prices and an announcement from Boeing helped stocks reverse early losses and finish with modest gains.

WSJ pC5 "Large Stock Focus - Boeing Takes Flight, As Will Dreamliner" says a series of financial firms, including Citigroup and Bank of Am, paced the market higher and dominated the volume, while a rosy update on the much delayed Dreamliner airplane helped Boeing lead industrials into the green. Boeing under "The Good News" is charged saying "Investors will believe it when they see it" but the 787 is expected to make its first flight by year end.

USA Today p4B "Markets thursday - Stocks keep gong on rising oil prices" says US stocks closed higher again Thur. as investors turned back an early sell off, thanks to a rebound in oil prices and mentions Boeing.

CAT $47.08 -0.17 0.36% 8,305,716 NYSE: No mentions found.

Chevron CVX $71 -0.09 0.13% 8,321,592 NYSE: NYT pB7 "Stocks & Bonds - Boeing and AIG Bolster Listless sumemrtime rading" says as it did for most of the week, Wall Street spent Thurs. searching for direction. The main indexes spent Thurs morning int he red but climbiend into positive territory after an afternoon rebound in oil prices and the nergy sector. Shares of Chevron and Exxon Mobil closed relatively flat after falling by more than 1.7 % during intraday trading.

FT p20 "AIG and Citigroup make up for energy sector weakness" says US stocks ralleid strongly during the day yesterday, revesing early losses, as some of the more beaten up financial stocks gathered momentum and squeezed out short selelrs. Chevon closed down 0.1% while ExxoMobil was 0.7% lower.

CSCO $21.88 -0.05 0.23% 30,283,713 NASDAQ-GS: No mentions found.

KO $49.44 +0.26 0.53% 6,942,382 NYSE: No mentions found.

DD $32.33 -0.05 0.15% 5,841,466 NYSE: No mentions found.

Disney DIS $27.01 +0.01 0.04% 9,044,599 NYSE: WSJ pC10 "Heard on the Street - Looking for Cable's Moment in the Sun" says cable and phone stocks have alrgely missed out on the rally due to a perception that telecommunications won't benefit from an economic upturn. The fact that cable and phone companies provide the infrastructure underpining Internet use ssems to be underapprciated. On the face of it, VZ and AT&T look attractive with dividend yields of about 6%, not a bad return in a low interest rat3 environment. Cable companies in contrast pay measly dividends at best. Growth at T and VZ is being driven by wireless, but that market is near saturation. Pice cutting is going to happen and growth will come from subsribers willing to pay more for data services. Cable comapnies such as Comcast are spending money elsewhere and notes its tried to buy Disney in '04.

WSJ pB5 "A&E Acquires Lifetime - Disney, Hearst Strengthen Hold Over Cable Networks" says cable network owner A&E Television Networks is acquiring Lifetime Entertainment Services in a deal that further consolidates the control that Dis and Hearst corp. hold over three of the most watched US cable TV networks. A&E and its sister networks, including the History Channel, are owned by Disney, Hearst and GE's NBC Universal. Disney and Hearst each already own half of Lifetime, whose namesake network is known for its original movies and the fashion design competition show "Project Runway." NBC Universal's USA Network is the No. 1 cable netwrok in prime time, with nearly 3.2 million viewers.

WSJ pW1 "Television _ Creating the Next Teen Star - Disney tries its magic to make selena Gomez big, and to keep her 17" says the next few weeks will see the rel3ase of a selena Gomez movie, her album and her face on 30 million packages of Sara Lee bread.

ExxonMobil XOM $70.86 -0.51 0.71% 21,394,720 NYSE: NYT pB7 "Stocks & Bonds - Boeing and AIG Bolster Listless sumemrtime rading" says as it did for most of the week, Wall Street spent Thurs. searching for direction. The main indexes spent Thurs morning int he red but climbed into positive territory after an afternoon rebound in oil prices and the energy sector. Shares of Chevron and Exxon Mobil closed relatively flat after falling by more than 1.7 % during intraday trading.

WSJ pA8 "Libya's Oil Boom Is Runing Dry" says Libya has held 4 licensing rounds over the past 4 years, dishing out contracts to supermajors such as XOM and smaller companies including Petro-Canada.

FT p20 "AIG and Citigroup make up for energy sector weakness" says US stocks ralleid strongly during the day yesterday, revesing early losses, as some of the more beaten up financial stocks gathered momentum and squeezed out short sellers. Chevon closed down 0.1% while ExxonMobil was 0.7% lower.

GE $14.19 0+.08 0.57% 63,772,431 NYSE: WSJ pB5 "A&E Acquires Lifetime - Disney, Hearst Strengthen Hold Over Cable Networks" says cable network owner A&E Television Networks is acquiring Lifetime Entertainment Services in a deal that further consolidates the control that Dis and Hearst corp. hold over three of the most watched US cable TV networks. A&E and its sister networks, including the History Channel, are owned by Disney, Hearst and GE's NBC Universal. Disney and Hearst each already own half of Lifetime, whose namesake network is known for its original movies and the fashion design competition show "Project Runway." NBC Universal's USA Network is the No. 1 cable netwrok in prime time, with nearly 3.2 million viewers.

Hewlett-Packard HPQ $44.81 +0.33 0.74% 15,013,281 NYSE: WSJ pB1 has a story about Dell's quarterly profit falling 23% as it continues to be squeezed by depressed corproate spending and plunging PC prices that says spending on PCs will pick up late this year with the new Windows 7 operating system from MSFT. The story says that Dell's comments about the market stabilizing echoed those last week of Dell's rival Hewlett-Packard.

IBD pB3 "HP Maintains Steady Growth In Tough tiems" says HPQ Aug 18 release of investorsleft ivnestors unexcited even though it beat estimates by a penny but combined with a blowout quarter for IBM a few weeks earliers, many analysts now think the computer business has hit bottom.

Atlanta Business Chronicle p3A "Emory take stage for economy summit" in a story by J. Scott Trubey says there will be a sept. 2 summit at Emory U. ont he US' road to economic recovery that will feature the CEO of the NYSE Euronext Inc, Duncan L. Niederauer, The Home Depot's CEO, Frank Balke, Aflac's CEO Daniel Amox, Atl Fed Res. Bank CEO Dennis Lockhart and Goizueta Business School Dean Larry Benveniste in a live Web streamed talk about how the world entered the economic quagmire and what it will take to recover. Story says companies such as Microsfot and Hewlett-Packard were born from recessions, but not enough is being done to help companies flourish and venture capital spending is too low.

Home Depot HD $27.55 -0.02 0.07% 13,446,768 NYSE: Atlanta Business Chronicle p3A "Emory take stage for economy summit" in a story by J. Scott Trubey says there will be a sept. 2 summit at Emory U. ont he US' road to economic recovery that will feature the CEO of the NYSE Euronext Inc, Duncan L. Niederauer, The Home Depot's CEO, Frank Balke, Aflac's CEO Daniel Amox, Atl Fed Res. Bank CEO Dennis Lockhart and Goizueta Business School Dean Larry Benveniste in a live Web streamed talk about how the world entered the economic quagmire and what it will take to recover. Story says companies such as Microsfot and Hewlett-Packard were born from recessions, but not enough is being done to help companies flourish and venture capital spending is too low.

Intel INTC $19.47 +0.04 0.21% 51,365,284 NASDAQ-GS: NYT pB1 in a story about Dell beating forecasts says the advent of new technologies from Intel and MSFT, including Oct's release of Windows 7 operating system, and the cost of maintianing older machiens will spur companies to replacing their aging PC fleets.

IBM $119.43 -0.04 0.03% 4,356,403 NYSE: IBD pB3 "HP Maintains Steady Growth In Tough tiems" says HPQ Aug 18 release of investorsleft ivnestors unexcited even though it beat estimates by a penny but combined with a blowout quarter for IBM a few weeks earliers, many analysts now think the computer business has hit bottom.

JPMorgan JPM $43.45 +0.15 0.35% 28,951,738 NYSE: Atlanta Business Chronicle p19A "Best of the Blogs" says Douglas Sams in his "On the Market" blog says JPM wants to lay the groundwork to develop two new 12 story towers at Alpharetta, Ga's Santuary Park.

WSJ pC10 "Learning to Love Bank Debt Weaklings" says debt markets are still showing nervousness about Citi and Bank of Am and that buying default protection with credit default swaps costs more for Citi and BofA than it does for JPM and Wells Fargo.

JNJ $60.49 -0.14 0.23% 11,027,869 NYSE: No mentions found.

KFT $28.42 -0.04 0.14% 6,986,983 NYSE: No mentions found.

MCD $57.16 +0.16 0.28% 8,462,625 NYSE: No mentions found.

MRK $32.87 +0.19 0.58% 9,829,801 NYSE: No mentions found.

Microsoft MSFT $24.69 +0.14 0.57% 45,449,837 NASDAQ-GS: NYT pB2 "Price of Xbox Is Lowered To Match PS3" (Also at WSJ pB6 & Fin Times p11 & IBD pA2) says MSFT is cutting the price of the high end Xbox 360 console by $100, matching Sony's price cut for the PlayStation 3 last week.

NYT pB1 in a story about Dell beating forecasts says the advent of new technologies from Intel and MSFT, including Oct's release of Windows 7 operating system, and the cost of maintianing older machiens will spur companies to replacing their aging PC fleets. IBD pA4 & WSJ pB1 has a story about Dell's quarterly profit falling 23% as it continues to be squeezed by depressed corproate spending and plunging PC prices that says spending on PCs will pick up late this year with the new Windows 7 operating system from MSFT. The story says that Dell's comments about the market stabilizing echoed those last week of Dell's rival Hewlett-Packard.

WSJ pB4 "Nokia to Roll Out Phone Based on Linux Software" says Nokia will sell its first smart phone that will allow it to protect its market share from Apple's iPHone. Nokia will move away from the Symbian operating system which is aged to the Linux based Maemo operating system that will give the phone a more PC like experience allowing users to run dozens of app windows at the same time. Symbian competes with other open source plantforms such as Google's Android and licensed systems such as MSFT's Windows Mobile.

Atlanta Business Chronicle p3A "Emory take stage for economy summit" in a story by J. Scott Trubey says there will be a sept. 2 summit at Emory U. ont he US' road to economic recovery that will feature the CEO of the NYSE Euronext Inc, Duncan L. Niederauer, The Home Depot's CEO, Frank Balke, Aflac's CEO Daniel Amox, Atl Fed Res. Bank CEO Dennis Lockhart and Goizueta Business School Dean Larry Benveniste in a live Web streamed talk about how the world entered the economic quagmire and what it will take to recover. Storysays companies such as Microsfot and Hewlett-Packard were born from recessions, but not enough is being done to help companies flourish and venture capital spending is too low.

PFE $16.86 +0.09 0.54% 30,136,385 NYSE: No mentions found.

PG $53.06 -0.30 0.56% 10,345,494 NYSE: No mentions found.

MMM $71.63 +0.21 0.29% 4,076,391 NYSE: No mentions found.

TRV $49.2 +0.41 0.84% 4,333,688 NYSE: No mentions found.

UTX $60.01 +0.24 0.4% 4,082,864 NYSE: No mentions found.

Verizon VZ $31.05 -0.43 1.37% 14,104,810 NYSE: WSJ pC10 "Heard on the Street - Looking for Cable's Moment in the Sun" says cable and phone stocks have already missed out on the rally due to a perception that telecommunications won't benefit from an economic upturn. The fact that cable and phone companies provide the infrastructure underpining Internet use ssems to be underapprciated. On the face of it, VZ and AT&T look attractive with dividend yields of about 6%, not a bad return in a low interest rat3 environment. Cable companies in contrast pay measly dividends at best. Growth at T and VZ is being driven by wireless, but that market is near saturation. Pice cutting is going to happen and growth will come from subsribers willing to pay more for data services. Cable companies such as Comcast are spending money elsewhere and notes its tried to buy Disney in '04.

WSJ pB3 "Regulators Begin Wireless Inquiry" (Also at FT p3 & USA Today p1B)says US regulators opened a sweeping inquiry into the wirelss indsutry that will include a look at how the agency could revamp its rules to give consumers more info about charges on their phone and cable tv bills. The FCC wii look at the exclusive deals between wireless carriers and cellphone makers such as T's offering of Apple's iPhone.

WMT $51.24 -0.56 1.08% 17,201,061 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