8/5/09 Kraft's Earnings climb 11% on Declining Costs

Post #38 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 Wednesday's 8/5/09 print editions of: Wall Street Journal, Investors Business Daily, Financial Times, and Atl Journal Const yielded the following stories about Dow Jones 30 component companies:

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

WSJ pB2 says KFT's 2Q earnings jumped 11% as its costs dropped and grocery stores paid more to buy its food. KFT increased its full year forecast for earnings per share to at least 1.93 from $1.88. KFT's earnings rose to $827 million or 0.56 a share, compared with $745 million or 0.49 a share a year earlier. KFT closed up 0.14 to 28.34.

Fin Times p1 "GE settles claims of fraud in accounts" & WSJ pB2 "GE Settles Civil Fraud Charges Fine of $50 Million Resolves SEC Probe Into Firm's Accounting Practices" also in NYT pB7 & Inv Bus Daily pA9 saying GE misled investors with fraudulent accounting in '02 and '03.

Inv Bus Daily pA2 & AJC pA8 says CAT Caterpillar is set to profit regardless of economy. CAT, the world's largest maker of construction and mining equipment affirmed its '09 forecast and said it expects profit of $8 to $9 pe share within 5 yrs. if the world economy recovers and $2.50 a share annually if the recession continues. WSJ pC1 says the 6.1% gain in CAT yesterday (closing at 47.89 led the Dow Jones Industrial Average's increase of 33.63 points. WSJ pC5 in "Stocks In The News" under "Good News" charts CAT saying CEO Jim Ownes said CAT will benefit from an eventual economic recovery.

WSJ pC5 "Large Stock Focus" said TRV Travelers gain of 1.24 or 2.8% to 46.26, BAC Boa's increase of 0.32 up 2.1% to 15.64 & CAT's gain drove the Dow Jones IA up yesterday.

WSJ pC1 "Parsing Cisco's Results for Tech Spending" says CSCO's CEO John Chambers said CSCO in April that the worst of the recession might be over for tech that helped spark a 3 month rally for CSCO. Same article said that PG Procter & Gamble's CEO Robert McDonald is expected to deliver bad news. It is expected that PG will cut long term targets. Analysts estimate PG's earnings per share for the fiscal 4Q will be 0.79 down from 0.92 a year ago as a result of weakened sales of PG's premium products from Tide to Pampers.

WSJ pB1 "NFL Teams With Procter & Gamble In a Play for New Kinds of Sponsors" says NFL will announce a sponsorship deal with PG will let PG slap a newly designed "Officilar Locker Room Product of the NFL" label on products such as Old Spice deodorant and Head & Shoulders shampoo.

WSJ pC3 "Can Search Deal Slow Google? Yahoo Microsoft Pact May Give Search Giant Cover to Keep Growing" says that Google will benefit from the MSFT Yahoo deal because it will protect Google from triggering antitrust problems as Google grows. A related story is at WSJ pD1 "Microsoft Needs More To Stall Google's Engine" that says that because Internet search is a function of scale, Google is a natural monopoly and why Google's search are more effective that the competition.

NYTimes has a front page story that Wyeth's (to be acquired by PFE Pfizer) had some of its studies ghostwritten.

Various stories about PepsiCo buying its top two bottlers for $7.8 Billion (WSJ pB1) and the story at AJC pB7 says that KO started the strategy of separating the bottling oerpations from the soft drink business. Fin Times p10 and Inv Bus Daily pA1 have similar stories.

WSJ pC3 "Merrill's Sontag Will Step Down Departure of 31 year Vet Follows Appointment of Krawcheck Above Him" says Daniel Sontag, head of BAC BofA's Merrill Lynch brokerage force is retiring.

"HP Is on Quest to Fix Software Glitch" at WSJ pB2 that says HPQ Hewlett-Packard is having probelms with in house systems named Omega that have kept about 2,000 of HPQ's more than 23,000 salespeople from getting their proper monthly commissions.

Inv Bus Daily pA5 "Verizon, TraceFone Prepaid Push Unusual A Mix of Both Brands Straight Talk's $45 per month price prompts response from MetroPCS, Leap" says WMT Walmart sells the Straight Talk paln and mobile phones at 240 locations.

THE FOLLOWING APPEARED IN TUESDAY AFTERNOON'S BLOG:

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

T $26.27 +0.04 0.15% 19,657,093 NYSE
AA $12.84 +0.24 1.9% 42,743,943 NYSE
AXP $28.71 +0.06 0.21% 12,421,814 NYSE
BAC $15.649 +0.329 2.15% 352,702,429 NYSE
BA $44.16 +0.37 0.84% 5,907,238 NYSE
CAT $47.89 +2.77 6.14% 25,240,266 NYSE
CVX $70.41 +0.01 0.01% 9,547,923 NYSE
CSCO $22.44 -0.131 0.58% 54,276,205 NASDAQ-GS
KO $49.5 -0.10 0.2% 8,742,995 NYSE
DIS $25.64 +0.12 0.47% 9,968,169 NYSE
DD $32.13 +0.23 0.72% 6,498,340 NYSE
XOM $70.6 -0.05 0.07% 18,196,669 NYSE
GE $13.82 +0.10 0.73% 113,664,403 NYSE
HPQ $43.42 +0.04 0.09% 14,296,480 NYSE
HD $26.29 -0.03 0.11% 10,356,689 NYSE
INTC $19.32 -0.05 0.26% 45,434,594 NASDAQ-GS
IBM $119.6 -0.32 0.27% 4,949,196 NYSE
JPM $40.21 +0.61 1.54% 42,306,972 NYSE
JNJ $61.06 -0.04 0.07% 8,763,848 NYSE
KFT $28.34 +0.14 0.5% 8,468,762 NYSE
MCD $55.01 -0.12 0.22% 11,693,906 NYSE
MRK $29.84 -0.18 0.6% 14,948,164 NYSE
MSFT $23.77 -0.06 0.25% 47,204,293 NASDAQ-GS
PFE $16.07 +0.03 0.19% 47,291,173 NYSE
PG $55.46 -0.15 0.27% 10,218,468 NYSE
MMM $72.03 -0.11 0.15% 4,763,518 NYSE
TRV $46.26 +1.24 2.75% 6,129,221 NYSE
UTX $54.79 -0.39 0.71% 6,106,023 NYSE
VZ $31.86 -0.17 0.53% 10,524,679 NYSE
WMT $49.85 +0.01 0.02% 18,194,199 NYSE

The following is a ranking of all Dow Jones Industrial Average 30 Companies based on the value of their outstanding shares as of close of the Dow on Thursday July 30, 2009 with the market value rounded to the nearest billion.

Rank/Dow Company Symbol & Name Value of Float in Billions # of Shares Outstanding

1. XOM Exxon Mobil $345 Billion 4,879,710,000
2. MSFT Microsfot $212 Billion 8,899,720,000
3. WMT Wal-Mart $195 Billion 3,896,618,000
4. JNJ Johnson & Jo $170 Billion 2,755,566,000
5. PG Procter & Gam $164 Billion 2,914,702,000
6. IBM $158 Billion 1,341,678,000
7. T AT&T $155 Billion 5,900,000,000
8. JPM JP Morgan Chas $145 Billion 3,759,160,000
9. GE $139 Billion 10,589,575,000
10. CVX Chevron $136 Billion 2,004,672,000
11. CSCO Cisco $127 Billion 5,767,881,000
12. KO Coke $115 Billion 2,314,998,000
13. INTC Intel $108 Billion 5,585,000,000
14. PFE Pfizer $108 Billion 6,747,979,000
15. HPQ Hewlett-Packa $102 Billion 2,386,262,000
16. VZ Verizon $92 Billion 2,840,574,000
17. BAC Bank of Ameri $89 Billion 6,402,966,000
18. MRK Merck $63 Billion 2,108,669,000
19. MCD McDonald's $61 Billion 1,103,243,000
20. UTX United Techn $51 Billion 941,273,000
21. DIS Walt Disney $49 Billion 1,856,752,000
22. MMM 3M $49 Billion 694,384,000
23. HD Home Depot $44 Billion 1,703,395,000
24. KFT Kraft $42 Billion 1,472,743,000
25. AXP American Exp. $33 Billion 1,167,625,000
26. BA Boeing $31 Billion 726,432,000
27. DD DuPont $28 Billion 903,608,000
28. CAT Caterpillar $26 Billion 601,752,000
29. TRV Travelers $25 Billion 585,430,000
30. AA Alcoa $11 Billion 974,276,000
Here are the latest SEC filings as of 7/15/09 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 6/30/09 11K Annual Report of Employee Stock Purchase Plan
AA Alcoa 7/13/09 8K 2nd Quarter Earnings Results
AXP 6/30/08 8K Settlement w/FDIC re: convenience checks
BAC Bank of Am 7/1/09 8A Regis. of Securities
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