8/5/09 pm Dow Closes @ 9280.97 -39.22 or 0.42%

Post #39 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 Wednesday at 9280.97 down 39.22 or 0.42% from Tuesday's close of 9320.19. Of the 30 Dow Companies: 9 gained and 21 declined with the biggest loser being PG Procter & Gamble $53.91 -1.55 2.79% 21,315,518 NYSE and the biggest gainer being AXP American Express $30.36 +1.65 5.75% 23,262,790 NYSE.

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

Wednesday's Dow Jones Industrial Average closing numerator was 1228.05 down 5.19 from Tuesday's closing Dow numerator of 1233.24. 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 5.19 by the divisor you get 39.22, the decrease in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 40.94 down 0.17 from Tuesday's Dow Jones Industrial Average closing price of 41.11. The median closing price of Wednesday's Dow Jones Industrial Average was $36.93 up 0.76 from Tuesday's Dow Jones median closing price of 36.17.

The highest closing price Wednesday again was IBM $118.47 -1.13 0.94% 5,026,291 NYSE and the lowest closing price Wednesday again was Alcoa AA $13.28 +0.44 3.43% 44,270,040 NYSE.

The lowest volume Tuesday was MMM $ $72.03 -0.11 0.15% 4,763,518 NYSE and the highest volume again was BAC BofAm $$15.649 +0.329 2.15% 352,702,429 NYSE.

If Wednsday 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 $520 ($123,324 - $122,820).

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

T $25.73 -0.54 2.06% 42,979,735 NYSE
AA $13.28 +0.44 3.43% 44,270,040 NYSE
AXP $30.36 +1.65 5.75% 23,262,790 NYSE
BAC $16.66 +1.02 6.52% 488,503,706 NYSE
BA $44.03 -0.13 0.29% 7,129,795 NYSE
CAT $46.64 -1.25 2.61% 15,598,551 NYSE
CVX $69.79 -0.62 0.88% 9,231,314 NYSE
CSCO $22.17 -0.27 1.2% 79,003,196 NASDAQ-GS
KO $49.17 -0.33 0.67% 7,504,969 NYSE
DIS $25.27 -0.37 1.44% 12,043,303 NYSE
DD $32.08 -0.06 0.19% 5,799,204 NYSE
XOM $70.03 -0.57 0.81% 20,349,049 NYSE
GE $13.99 +0.17 1.23% 99,715,558 NYSE
HPQ $43.26 -0.16 0.37% 13,490,206 NYSE
HD $26.33 +0.04 0.15% 9,997,054 NYSE
INTC $18.86 -0.32 1.67% 60,034,938 NASDAQ-GS
IBM $118.47 -1.13 0.94% 5,026,291 NYSE
JPM $41.78 +1.57 3.9% 63,334,044 NYSE
JNJ$60.45 -0.61 1% 8,575,133NYSE
KFT $28.33 -0.01 0.04% 11,607,773 NYSE
MCD $55.09 +0.08 0.15% 9,426,441 NYSE
MRK $29.61 -0.23 0.77% 12,762,478 NYSE
MSFT $23.81 +0.04 0.17% 53,310,241 NASDAQ-GS
PFE $15.87 -0.20 1.24% 58,711,502 NYSE
PG $53.91 -1.55 2.79% 21,315,518 NYSE
MMM $71.83 -0.20 0.28% 4,526,773 NYSE
TRV $46.58 +0.32 0.69% 4,914,195 NYSE
UTX $54.22 -0.57 1.04% 4,436,115 NYSE
VZ $31.27 -0.59 1.85% 17,410,457 NYSE
WMT $49.2 -0.65 1.3% 17,720,564 NYSE

THE FOLLOWING APPEARED IN WEDNESDAY MORNING'S BLOG:


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.