9/1/09 Tues pm Dow Closes 9310.6 down 185.68 or 1.96%

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Post #85 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 Tuesday at 9310.6 down 185.68 or 1.96% from Monday's close of 9496.28. Of the 30 Dow Companies: only Wal-Mart gained and 29 declined with the biggest loser being Amex AXP $31.98 -1.84 5.44% 16,525,923 NYSE and the only gainer being WMT $50.97 +0.10 0.2% 16,325,663 NYSE.

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 1231.97 down 24.57 from Monday's closing Dow numerator of 1256.54. 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 24.57 by the divisor you get 185.68, the decrease in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 41.07 down 0.81 from Monday's Dow Jones Industrial Average closing price of 41.88. The median closing price of Tuesday's Dow Jones Industrial Average was 36.83 down 1.81 from Monday's Dow Jones median closing price of 38.64.

The highest closing price Tuesday again was IBM $116.69 -1.36 1.15% 6,044,954 NYSE and the lowest closing price Tuesday again was Alcoa AA $11.59 -0.46 3.82% 32,744,236 NYSE.

The lowest volume Tuesday again was MMM $70.12 -1.98 2.75% 5,710,361 NYSE and the highest volume again was BAC $16.46 -1.13 6.42% 330,049,697 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 lost $2,430
($125,640 - $123,210)

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

T $25.36 -0.69 2.65% 31,291,207 NYSE
AA $11.59 -0.46 3.82% 32,744,236 NYSE
AXP $31.98 -1.84 5.44% 16,525,923 NYSE
BAC $16.46 -1.13 6.42% 330,049,697 NYSE
BA $48.77 -0.90 1.81% 8,091,312 NYSE
CAT $43.84 -1.47 3.24% 13,726,830 NYSE
CVX $68.48 -1.46 2.09% 11,290,224 NYSE
CSCO $21.17 -0.43 1.99% 47,780,824 NASDAQ-GS
KO $48.58 -0.19 0.39% 9,594,863 NYSE
DD $31.04 -0.89 2.79% 8,745,777 NYSE
DIS $25.68 -0.36 1.38% 25,773,969 NYSE
XOM $68.41 -0.74 1.07% 23,298,958 NYSE
GE $13.34 -0.56 4.03% 102,177,662 NYSE
HPQ $43.87 -1.02 2.27% 16,208,739 NYSE
HD $26.74 -0.55 2.02% 15,454,667 NYSE
INTC $19.72 -0.60 2.95% 73,241,067 NASDAQ-GS
IBM $116.69 -1.36 1.15% 6,044,954 NYSE
JPM $41.67 -1.79 4.12% 50,332,424 NYSE
JNJ $59.94 -0.50 0.83% 11,576,291 NYSE
KFT $28.07 -0.28 0.99% 9,461,627 NYSE
MCD $55.64 -0.60 1.07% 7,593,785 NYSE
MRK $31.79 -0.64 1.97% 15,794,918 NYSE
MSFT $24 -0.65 2.64% 61,397,398 NASDAQ-GS
PFE $16.36 -0.34 2.04% 36,074,812 NYSE
PG $53.02 -1.09 2.01% 14,008,232 NYSE
MMM $70.12 -1.98 2.75% 5,710,361 NYSE
TRV $49.26 -1.16 2.3% 7,925,943 NYSE
UTX $59.06 -0.30 0.51% 6,026,386 NYSE
VZ $30.37 -0.67 2.16% 15,046,264 NYSE
WMT $50.97 +0.10 0.2% 16,325,663 NYSE

T $26.05 -0.16 0.61% 24,152,204 NYSE: No mentions found.

Alcoa AA $12.05 -0.45 3.6% 22,391,162 NYSE: WSJ pC6 "Large Stock Focus - Caterpillar Gives up 3%; Exxon Sldies" says an overnight stock market slide in China spooked investors in industrial materials and energy companies including CAT, Alcoa and Exxon Mobil, as a flight to safety weighted on stocks. It mentions media giant Dis' deal with marvel. It also says Macquarie cut its stock investment rating on BA to "neutral" from "outperform" saying it believes the stock is fully valued and lacking near term catalysts.

Amex AXP $33.82 -0.42 1.23% 9,498,194 NYSE: "BofA Seeks to repay a Portin of Bailout - Bank Also Wants to Shelve Tentative Loan Protection Deal as It moves to Lessen gov Role" says BAC want to repay part of its bailout money and is pushing to pay nearly $500 mil to shele a tentative pact that would have the gov share its losses on certain assets. The story mentions that JPM has repaid $25 bil and AXP repaid $3.4 bil.

WSJ pC6 "Options Report - Bears Rule as Teamsters Target Fedex Leadership" says bearish traders called a lot of the shots in the optionsmarket taking aiim at FedEx and AXP.

BofAm BAC $17.59 -0.39 2.17% 152,618,118 NYSE: "BofA Seeks to repay a Portin of Bailout - Bank Also Wants to Shelve Tentative Loan Protection Deal as It moves to Lessen gov Role" says BAC want to repay part of its bailout money and is pushing to pay nearly $500 mil to shele a tentative pact that would have the gov share its losses on certain assets. The story mentions that JPM has repaid $25 bil and AXP repaid $3.4 bil.

WSJ pC3 "Bank of America Seeks Overseas Repair Job - Mr. Monag Is Cahrged Wtih Shoring Up Operations Bought in the Merrill Lync deal" says Tom Montag, as BAC's new corporate and investment baning chief, has o steady the turmoil ridden overseas operations that BofA acquired int he Merrill Lynch deal.

WSJ pC10 "Overheard" says BofA is serious about paying up for top bankers citing how it says it pursued form Bear CEO, Alan Schwartz, before he went with Guggenheim Partners.

FT p20 "Wall Street - Walt Disney $4bn move animates shares in Marvel" says US stocks felel yesterday amid a flurry of deal making as investors focused on a futehr steep declien in Chinese stocks. It mentions XOM, BA, CVX, and BAC falling.

Boeing BA $49.67 -1.37 2.68% 9,151,791 NYSE: WSJ pB1 "Dreamliner Executive To Depart At Beoing" says Scott Carson, pres. and ceo of BA's commercial airplane unit and the eprson in chage of the troubled 787 Dreamliner project will retire atyear's end and step down Tues. He will be replaced by Jim Albaugh who runs BA's Integrated Defense Sytems business.

Related story at NYT B3 "Overseer of Dreamliner Will Retire From Boeing" and also at USA TodaypB1 "Boeing's commercial jet chief leaving."

FT p20 "Wall Street - Walt Disney $4bn move animates shares in Marvel" says US stocks felel yesterday amid a flurry of deal making as investors focused on a futehr steep declien in Chinese stocks. It mentions XOM, BA, CVX, and BAC falling.

Caterpillar CAT $45.31 -1.40 3% 10,363,695 NYSE: WSJ pC6 "Large Stock Focus - Caterpillar Gives up 3%; Exxon Sldies" says an overnight stock market slide in China spooked investors in industrial materials and energy companies including CAT, Alcoa and Exxon Mobil, as a filight to safety weighted on stocks. It mentions media giant Dis' deal with marvel. It also says Macquarie cut its stock investment rating on BA to "neutral" from "outperform" saying it believes the stock is fully valued and lacking near term catalysts.

Chevron CVX $69.94 -0.74 1.05% 7,730,101 NYSE: "CVX Offers Evidence of Bribery Scheme in Ecuador Lawsuit" gives a status report of this trial where CVX is being sued for $27 Bil for environmental damages.

IBD A10 has an editorial "Chevron's Shakedown" that says Ecuador's lawsuit against Chevron is nothing but a shake down scam.

FT p20 "Wall Street - Walt Disney $4bn move animates shares in Marvel" says US stocks felel yesterday amid a flurry of deal making as investors focused on a futehr steep declien in Chinese stocks. It mentions XOM, BA, CVX, and BAC falling.

Cisco CSCO $21.6- 0.40 1.82% 29,700,571 NASDAQ-GS: WSJ pB5 "Dell Adds Network Gear Through Brocade Deal" says Dell reached an agreement with Brocade Communictions Systems Inc. that allows Dell to sell a broader range of networking gear under its own name. This move comes as more tech providers try to ramp up their own networking gear businesses. In March, Cisco, which dominates the networking industry, said it would start selling its own servers. (Dell already sells networking gear from Cisco.) IBM and HPQ have since build up their own networking lines. IBM Also disclosed agreements to resell switches from Broacade and Juniper Networks Inc. while HP committed ore resources to its ProCurve line.

Coke KO $48.77 -0.29 0.59% 10,308,011 NYSE: NYT pA21 "City Aims at Soda and Juice in Fat Fight - Urging New Yorkers to steer lear of sugared drinks" says NY state has shelved the idea of a tax on sugary sodas and juice drinks but public health officials in NYC will unveil an ad campaign againt them. The story says that experts say that people who eschew sugary sodas like coca cola or Pepsi in favor of sports or energy drinks are no better off.

DuPont DD $31.93 -0.63 1.93% 6,563,184 NYSE: WSJ pB1 "Hot Job: Calculating Products' Pollution" gives an example of WMT's most recent environmental effort - a bid to tag all of its products with information about their environmental impact that will forces its suppliers to inventory their pollution which will drivebusiness for the pollution counting profession. Story also mentions DuPont's in hosue group that does life cycle assessments has gown from 3 to 10 members in 6 years.

Disney DIS $26.04 -0.80 2.98% 29,072,762 NYSE: WSJ pA1 Lead Story, "Disney nabs Marvel Heroes - takeover Deal, vlued at $4 Bil, Adds to Cast of Characters for Movies, Parks, TV" with cartoons of Spider Man, Iron Man, X-Men and the incredible Hulk" USA Today 1B "Cover Story- Disney acquires a new alter ego - Marvel deal adds a treasure trove of villains and heroes;" NYT pB1 "Disney Swoops Into Action, Buying Marvel For $4Bill" AJC, IBD pA1 "Disney Animates M&A Activity with $4 Bil Marvel Buy"), & Fin Times (pA1 "Disney in $4bn bid to snare marvel's supestars") all have articles about this story about Dis' surprise deal toacquire Marvel Entertainment for $4 bil that will be a casha dn stock deal to acquire marvel the comic book publisher and movie studio whose library of 5,000 characters includes some of the world's best known superheroes: SpiderMan, X-Men, Thor, Iron Man and Fantastic Four. The deal was valued at about $50 a share, a 29% premium. On Monday Marvel shares were up 25% to 48.37 but Dis fell 0.80. Marvel characters will be integrated into Disney's theme parks in Cal, Paris and Hong but Fla is off limits now because of a deal marvel has in palce with Universal Studios. Dis' cable channels will add the characters.

WSJ pA14 has a sidebar story "Paramount Stung In Disney Deal" that says the acquisition of Marvel "delviers a sucker punch to iacom's Paramount Pictures" who, less than a year ago, signed an agreement with Marvel to distribute Marvel's five next films.

Related story at WSJ pC4 "What Disney Means to M&A Reasoning behind Buy of Marvel May Signal Deal akers' Mojo Is Back."

Related story at WSJ pC10 "isney marvels at SuperheoPotential."

Related story at NYT B2 "Will Heroes Work Magic at Disney?"

Related story at FT p10 "Walt Disney/Marvel."

Related story at FT p16 "Disney plans to strike with Marvel muscle."

Related story at FT p20 "Walt Disney $4bn move animates shares in Marvel.

ExxonMobil XOM $69.15 -0.97 1.38% 23,472,674 NYSE: WSJ pA6 Brazil claims Stake in Oil Find" mentions that XOM announced in July it had hit a dry well in an offshore Brazilian field, the Corcovado area.

WSJ pC6 "Large Stock Focus - Caterpillar Gives up 3%; Exxon Sldies" says an overnight stock market slide in China spooked investors in industrial materials and energy companies including CAT, Alcoa and Exxon Mobil, as a filight to safety weighted on stocks. It mentions media giant Dis' deal with marvel. It also says Macquarie cut its stock investment rating on BA to "neutral" from "outperform" saying it believes the stock is fully valued and lacking near term catalysts.

FT p20 "Wall Street - Walt Disney $4bn move animates shares in Marvel" says US stocks felel yesterday amid a flurry of deal making as investors focused on a futehr steep declien in Chinese stocks. It mentions XOM, BA, CVX, and BAC falling.

GE $13.9 -0.18 1.28% 65,930,048 NYSE: No mentions found.

Hewlett-Packard HPQ $44.89 +0.13 0.29% 12,519,913 NYSE: WSJ pB5 "Dell Adds Network Gear Through Brocade Deal" says Dell reached an agreement with Brocade Communictions Systems Inc. that allows Dell to sell a broader range of networking gear under its own name. This move comes as more tech providers try to ramp up their own networking gear businesses. In March, Cisco, which dominates the networking industry, said it would start selling its own servers. (Dell already sells networking gear from Cisco.) IBM and HPQ have since build up their own networking lines. IBM Also disclosed agreements to resell switches from Broacade and Juniper Networks Inc. while HP committed ore resources to its ProCurve line.

HD $27.29 -0.40 1.44% 12,837,737 NYSE: No mentions found.

INTC $20.32 +0.07 0.35% 52,076,042 NASDAQ-GS: No mentions found.

IBM $118.05 -0.17 0.14% 5,189,293 NYSE: WSJ pB5 "Dell Adds Network Gear Through Brocade Deal" says Dell reached an agreement with Brocade Communictions Systems Inc. that allows Dell to sell a broader range of networking gear under its own name. This move comes as more tech providers try to ramp up their own networking gear businesses. In March, Cisco, which dominates the networking industry, said it would start selling its own servers. (Dell already sells networking gear from Cisco.) IBM and HPQ have since build up their own networking lines. IBM Also disclosed agreements to resell switches from Broacade and Juniper Networks Inc. while HP committed ore resources to its ProCurve line.

JPMorgan JPM $43.46 +0.54 1.26% 30,414,152 NYSE: "BofA Seeks to repay a Portin of Bailout - Bank Also Wants to Shelve Tentative Loan Protection Deal as It moves to Lessen gov Role" says BAC want to repay part of its bailout money and is pushing to pay nearly $500 mil to shele a tentative pact that would have the gov share its losses on certain assets. The story mentions that JPM has repaid $25 bil and AXP repaid $3.4 bil.

Although not an article I can't help but note that at WSJ pA5 there is almost a full page ad and in NYT section A there is a full page ad about how last week JPM agreed to lend Cal $1.5 bil to help the state stabilizie its cash flow, etc.

JNJ $60.44 +0.15 0.25% 9,843,024 NYSE: No mentions found.

KFT $28.35 +0.01 0.04% 5,319,009 NYSE: No mentions found.

MCD $56.24 +0.17 0.3% 7,705,280 NYSE: No mentions found.

Merck MRK $32.43 +0.11 0.34% 12,691,969 NYSE: WSJ pB2 "Merck Leadership to Stay Mostly Intact - Executive Team to Include Some Schering-Plough Managers After Drug Firms Combine" says MRK unveiled the executive team that will lead it after its takeover of Schering-Plough. Story includes a photo of MRK CEO Richard Clark. Margaret McClynn, head of MRK's vaccines business, will leave Nov 1 and her job and that of chief medical officer remain unfilled.

WSJ pB3 "Court Denies Tax Refund of $473 Million on Swaps for Schering-Plough says a fed cout in NJU denied this refund whre it tried to avoid taxation on $690 offshore subsidiaries' profits (alsoAJC p A20 & USA Today pB1).

Microsoft MSFT $24.65 -0.03 0.12% 48,049,297 NASDAQ-GS: WSJ pB1 "Hero Worship in Software Pirac Case Complicates China Efforts" describes the challenges faced by MSFT and other technology companies as they battle rampant piracy in China because when China arrests the pirates they become heroes.

FT p11 "Sony in Google Chrome deal" says Google has forged a distribtionalliance with Son's PC division and is in talks with other computer makers as it looks to promote its well regarded but little used Chrome browser, which was launched to coutner MSFT. Related story at FT p16 "Polished Google browser widens threat - Chromecould pose a problem for social networking sites" saying the browsers themselves could become social networks.

PFE $16.7 -0.11 0.65% 34,832,157 NYSE

Procter & Gamble PG $54.11 +0.92 1.73% 15,241,045 NYSE: NYT p14 "Procter & Gamble Will Sponsor US Team" says PG has signed on as a sponsor of the US Olympic team fo the Vancouver and London Games, a move that will palce the Olympic rings on more than a dozen products from Bounty and Tide to Pepto-Bismol and Pringles.

MMM $72.1 +0.18 0.25% 3,333,598 NYSE: No mentions found.

TRV $50.42 +0.81 1.63% 5,585,037 NYSE: No mentions found.

UTX $59.36 -0.28 0.47% 3,745,309 NYSE: No mentions found.

VZ $31.04 +0.02 0.06% 12,379,345 NYSE: No mentions found.

WalMart WMT $50.87 -0.26 0.51% 17,204,773 NYSE: WSJ pB6 "Wal-Mart Sets Outside Offerings In Online Mall" says WMT begain offering merchandise from lesser known retailers on its Web site in exchange for a share of the revenue following what Amazon has done. Related story at IBD p9 "Wal-Mart Targets Amazon's Turf."

WSJ pB1 "Hot Job: Calculating Products' Pollution" gives an example of WMT's most recent environmental effort - a bid to tag all of its products with information about their environmental impact that will forces its suppliers to inventory their pollution which will drivebusiness for the pollution counting profession. Story also mentions DuPont's in hosue group that does life cycle assessments has gown from 3 to 10 members in 6 years.

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