10/14/09 Wed. am Intel and JNJ Report Good Results

Post #158 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 a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 10/12/09 and an update of the Dow 30's most recent SEC filings as of 10/12/09.

A read of Wednesday's 10/14/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, & USA 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 Monday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Tuesday at 9871.06 down 14.75 or 0.15% from Monday's close of 9885.8. Of the 30 Dow Companies: 15 declined and 15 gained. The biggest gainer dollar-wise was United Technologies UTX $61.97 +0.50 0.81% 3,683,180 NYSE and percentage-wise was Home Depot HD $27.53 +0.49 1.81% 13,895,921 NYSE and the biggest decliner dollar wise and percentage wise was Johnson & Johnson JNJ $61.01 -1.52 2.43% 23,503,202 NYSE.

WSJ pC1 "Blue Chips End a 4 Day Win Streak" by Peter A. McKay says stocks finished little changed after paring morning losses as gains in basic materials and consumer discretionary shares partly offset declines in banks and health care companies. The Dow Jones Industrial Average snapped a 4 day winning streak. It was down more than 70 ponts in the morning after Johnson & Johnson announced surprisingly strong earnings but disappointing revenue. JNJ finished down 2.4%, the biggest decliner among Dow 30 components. Health care companies took another hit inthe afternoon when the Senate Finance committee approved a health care bill. Merck lost 1.3% and Pfizer fell 1.9%. Tech stocks were an exception to the declines, hepled by Cisco's plans to buy Starent Networks for $2.9 bil. Intel reported better than expected earnings and rev after the close. Its shares jumped 4.3% in after hours trading after rising 0.4% during the day.

WSJ pC6 "large Stock Focus - US Steel Adds 3.3%; Goldman, J&J Drag" by Geoffrey Rogow says Goldman Sachs and Johnson & Johnson weighed on the banking and health care industries Tues., engaging in a tug of war with a rallying materials sector that helped stocks close only slightly lower. Overall, the Dow Jones Industrial Average closed down 14.74 points. Pfizer was down 1.9% and merck, down 1.3% were two of the Dow's weakest as the Senate Finance Committee's approval of ahealth care reform bill weighed on the sector. JNJ fell 2.4% after its 3Q revs came in shy of Wall Street's expectations. J.P. Morgan Chase was down 0.9% ahead of its earnings report Wed. On the deals front, networking giant Cisco systems agreed to acquire Starent Networks, a maker of software and gear for wirelss carriers, for about $2.9 bil.

NYT pB9 "Stocks & Bonds - Shares Wander Ahead of Bank Earnings" by Jack Healy says stocks were narrowly mixed on Tues. as traders waited for some of the country's largest banks to declare how they performed over the summer. Some big companies that sell everything from shampoo to metal have already reported improving earnings. The consumer products company Johnson & Johnson reported a better than expected profit, even though its sales lagged behind predictions. last week, the aluminum maker Alcoa reported a profit after three quarters of losses. But many investors are focusing on financial firms. In the days ahead, JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America will anounce their 3Q earnings, giving anxious investors a glimpse into how they are recovering from the shocks of the credit crisis and how their protfolios of business loans, mortgages and consuemr credit were withstanding the toll of job losses and recession.

USA Today p4B "Markets Tuesday - Markets mixed as bad news piles up" by Matt Krantz says stocks' hot streak went cold Tues after slightly disappointing quarterly results from Johnson & Johnson snuffed some of investors' entusiasm. A 5% quarterly rev decline at the health care company unnerved ivnestors enough to push the Dow Jones industrial average down 14.74 pints but the Dow is still up 12.5% this year.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of open today the Dow's trailing P/E ratio is 15.98 down from yesterday's 16, its P/E estimate is 15.84 down from 15.98 and its Dividend yield is 2.83 unchanged. Tuesday's Dow Jones Industrial Average closing numerator was 1306.13 down 1.95 from Monday's closing Dow numerator of 1308.08. 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 1.95 by the divisor you get 14.75, 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 43.54 down 0.06 from Monday's Dow Jones Industrial Average closing price of 43.60. The median closing price of Tuesday's Dow Jones Industrial Average was 41.25 up 0.72 from Monday's Dow Jones median closing price of 40.58.

The highest closing price Tuesday again was IBM $127.02 -0.02 0.02% 7,581,435 NYSE and the lowest closing price Tuesday again was Alcoa AA $14.11 -0.14 0.98% 31,625,843 NYSE. The lowest volume Tuesday again was 3M MMM $74.65- 0.23 0.31% 2,460,066 NYSE and the highest volume again was Bank of Am BAC $17.81 -0.22 1.22% 150,145,400 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 $180.
($130,800 - $130,620)

AT&T T $25.9 +0.30 1.17% 32,296,061 NYSE: WSJ pA21 "The Coming Mobile Meltdown" by Holman W. Jenkins, Jr. says last week AT&T announced it would no longer block its exclusive Apple iPhone customers from using Internet voice services offered by the likes of Skype. Broadbank's take up has repeatedly been jumpstarted by must have applications. Napster drove the shift from dialup to wired broadbank and now Apple's iPhone is playing the same role in triggering explosive growth in the wireless Web which will change the subject from net neutrality to a shortage of wireless capacity to meet demand. There is anow energized competition between 2 overlapping rivalries, Google vs. Apple, and Verizon vs. AT&T. A single YouTube viewing consumes nearly 100 times as much cellular bandwidth as a voice call. According to Jenkins, the Obama admin should free up more spectrum by letting mobile phone opeators start merging and not worry about net neutrality.

Inv. Bus. Daily p5 "Verizon Seeks To Get Consumers To Buy Data Plan" by Patrick Cain says Verizon used to targeting those dinosaurs who were landline consumers without a cell phone but now dinosuars are subscribers who aren't paying for data service, which is a big area for Verizon's potential growth. Verizon is competing with AT&T and T-Mobile for these customers. Telecom companies can thrive off a popular phone model. Soon verizon will start selling the Google Android, which T-Mobile and AT&T already have. Verizon offers investors a 6.6% dividend yeild. On Sept. 3, it even increased it by 6 cents on the year to 1.90 which shows it is confident in its cash flow. Recently VZ's stocktook a downward turn.

Inv. Bus. Dialy pA4 "Spring CEO Betting on 4G, Prepaid" by Reinhardt Krause interviews Sprint Nextel's CEO, Dan Hesse, who runs the nation's third biggest wirelss phone company that has been losing market share to bigger Verizon Wireless and ATT. Sprint was hurt by the poorly executed '05 merger of Sprint and Nextel Communications.

Alcoa AA $14.11 -0.14 0.98% 31,625,843 NYSE: No mentions found.

American Express AXP $34.84 -0.24 0.68% 10,274,267 NYSE: No mentions found.

Bank of America BAC $17.81 -0.22 1.22% 150,145,400 NYSE: WSJ pC3 "BofA Hires Recruiter To A CEO Hunt" by Dan Fitzpatrick, Joann S Lublin says BAC has hired exec recruiter Russell Reynolds Associates Inc. to assist with its search for a new ceo to succeed 62 year old Kenneth D. Lewis, who will retire at year's end.

WSJ pD8 "Banking on BofA To Find a Better Path" by James B. Stewart says Bank of America's decision to waive attorney client privilege and disclose the legal advice it received regarding its acquisition of Merrill Lynch, is a tipping point that causes the author to view BofA as an investor and consumer, in a whole new, favorable light.

NYT pB1 "E-Mail Shows Concerns Over Merrill Deal" by Louise Story, Eric Dash has two more bad photo sof outgoing BAC CEO Ken Lewis in a story about email messages that were handed over to the House Committee on Oversight and Gov Reform this week as BAC opens a collection of docs that it has kept secret about the ill fated merger.

Also reported at USA Today p1B.

USA Today p1B "BofA tests adding annual card fees" says Bank of America will charge about 1% of its credit card customers anual fees ranging from $29 to $99 starting next year as a test. The accounts will be charged fees based on a risk and profitability analysis. Customers in good standing who never carry a balance and never incur interest charges or late fees could be among those getting notices.

Also reported at Inv. Bus. Daily pA2.

Boeing BA $51.9 +0.24 0.46% 3,023,594 NYSE: No mentions found.

Caterpillar CAT $52.74 -0.31 0.58% 6,511,828 NYSE: No mentions found.

Chevron CVX $74.07 +0.40 0.54% 9,045,410 NYSE: No mentions found.

Cisco CSCO $23.89 +0.106 0.45% 45,572,531 NASDAQ-GS: WSJ p "Cisco Will By Strent to Plug Wireless Gap" by Ben Worthen says Cisco will acquire Starent Networks Corp. for $2.9 bil, in order to expand as the tech industry comes out of recession. Cisco will pay $35 a share for Starent, a Tewksbury, Mass., maker of software and equipment for wireless communications carriers, which is a 21% premium to Starent's closing stock price of $29.03 on Nasda. Cisco CEO John Chambers has said to expect Cisco to make more acquisition and the story has a strong profile photo of a confident, serious looking Chambers, head titled looking forward. Starent is charted at WSJ pC6 under "The Good News."

Also reported at NYT pB3 by Ashlee Vance and at NYT pB2 "Assessing Cisco's Growth Strategy" which says Cisco's CEO John T. Chambers has promised that more deals will follow its acquisition of Starent Networks because by combining, it can sell more stuff than Starent could alone. Cisco's typical acquisition is for $1 bil or less. Also reported at Inv. Bus. Daily front page and at pB3 and at A4 "Cisco Makes Wish Upon Starent In Bid For Mobile Market" by J. Bonasia.

WSJ pC1 "Blue Chips End a 4 Day Win Streak" by Peter A. McKay says stocks finished little changed after paring morning losses as gains in basic materials and consumer discretionary shares partly offset declines in banks and health care companies. The Dow Jones Industrial Average snapped a 4 day winning streak. It was down more than 70 ponts in the morning after Johnson & Johnson announced surprisingly strong earnings but disappointing revenue. JNJ finished down 2.4%, the biggest decliner among Dow 30 components. Health care companies took another hit inthe afternoon when the Senate Finance committee approved a health care bill. Merck lost 1.3% and Pfizer fell 1.9%. Tech stocks were an exception to the declines, hepled by Cisco's plans to buy Starent Networks for $2.9 bil. Intel reported better than expected earnings and rev after the close. Its shares jumped 4.3% in after hours trading after rising 0.4% during the day.

WSJ pC6 "Large Stock Focus - US Steel Adds 3.3%; Goldman, J&J Drag" by Geoffrey Rogow says Goldman Sachs and Johnson & Johnson weighed on the banking and health care industries Tues., engaging in a tug of war with a rallying materials sector that helped stocks close only slightly lower. Overall, the Dow Jones Industrial Average closed down 14.74 points. Pfizer was down 1.9% and merck, down 1.3% were two of the Dow's weakest as the Senate Finance Committee's approval of a health care reform bill weighed on the sector. JNJ fell 2.4% after its 3Q revs came in shy of Wall Street's expectations. J.P. Morgan Chase was down 0.9% ahead of its earnings report Wed. On the deals front, networking giant Cisco Systems agreed to acquire Starent Networks, a maker of software and gear for wirelss carriers, for about $2.9 bil.

Coke KO $54.8 +0.01 0.02% 5,969,791 NYS: No mentions found.

Disney DIS $28.41 -0.23 0.8% 9,426,373 NYSE: No mentions found.

DuPont DD $33.34 +0.28 0.85% 4,430,741 NYSE: No mentions found.

ExxonMobil XOM $70.26 +0.13 0.19% 19,335,252 NYSE: No mentions found.

GE $16.39 +0.06 0.37% 70,606,328 NYSE: No mentions found.

Hewlett-Packard HPQ $46.69 -0.35 0.74% 12,531,012 NYSE: No mentions found.

Home Depot HD $27.53 +0.49 1.81% 13,895,921 NYSE: No mentions found.

Intel INTC $20.49 +0.09 0.44% 116,042,224 NASDAQ-G: WSJ pB1 "Intel Bolsters Hopes for PC Rebound" by Don Clark says Intel Corp. served up evidence that the comptuer market is healthier than many people suspected, reporting 3Q results that were well above upbeat projections it issued several weeks ago. Intel predicted business conditions will iprove even more in the current quarter, including a jump in its closely watched gross profit margin to the highest level since late '05. It predicted rev of about $10.1 bil, up about 7% from the third period. Intel's 3Q profit and rev remained about 8% lower than the same quarter in '08, but rev was up 17% from the 2Q and profit was up 77% over the same period. Intel reported income for the period ended 9/26 of $1.86 bil or 33 cents a shre, compared to profit in the year earlier period of $2.01 bil or 35 cents a share. Rev declined to $9.39 bil from $10.22 bil.

Similar story at NYT pB3 "Intel Profit Beats Foreast, Raising Tech Sector Hopes - Big Chip Maker Raises its Sales Guidance" by Steve Lohr where there is a previously run photo of Intel CEO Paul Otellini holding some strange device that looks like an abacus in acrylic - proving that holding somethings strange makes the holder look unserious.

Inv. Bus. Daily's lead story is "Intel Beats Views, High Expectations on PC Recovery - Sales Growth Seen for Q4 - But the No. 1 chipmaker's Q3 sales fall 8% while its per share profit slips 6%" by James Detar.

Also reported at USA Today p2B "Intel's strong outlook good news for tech - cisco deals also buoy sector" by Jon Swartz.

WSJ pC1 "Blue Chips End a 4 Day Win Streak" by Peter A. McKay says stocks finished little changed after paring morning losses as gains in basic materials and consumer discretionary shares partly offset declines in banks and health care companies. The Dow Jones Industrial Average snapped a 4 day winning streak. It was down more than 70 ponts in the morning after Johnson & Johnson announced surprisingly strong earnings but disappointing revenue. JNJ finished down 2.4%, the biggest decliner among Dow 30 components. Health care companies took another hit inthe afternoon when the Senate Finance committee approved a health care bill. Merck lost 1.3% and Pfizer fell 1.9%. Tech stocks were an exception to the declines, hepled by Cisco's plans to buy Starent Networks for $2.9 bil. Intel reported better than expected earnings and rev after the close. Its shares jumped 4.3% in after hours trading after rising 0.4% during the day.

IBM $127.02 -0.02 0.02% 7,581,435 NYSE: No mentions found.

JPMorgan Chase JPM $45.66 -0.42 0.91% 45,635,171 NYS: WSJ pC6 "large Stock Focus - US Steel Adds 3.3%; Goldman, J&J Drag" by Geoffrey Rogow says Goldman Sachs and Johnson & Johnson weighed on the banking and health care industries Tues., engaging in a tug of war with a rallying materials sector that helped stocks close only slightly lower. Overall, the Dow Jones Industrial Average closed down 14.74 points. Pfizer was down 1.9% and merck, down 1.3% were two of the Dow's weakest as the Senate Finance Committee's approval of ahealth care reform bill weighed on the sector. JNJ fell 2.4% after its 3Q revs came in shy of Wall Street's expectations. J.P. Morgan Chase was down 0.9% ahead of its earnings report Wed. On the deals front, networking giant Cisco Systems agreed to acquire Starent Networks, a maker of software and gear for wirelss carriers, for about $2.9 bil.

Inv. Bus. Dily pB3 "Big Banks Get Pre-Earnings Downgrade" by Alan R. Elliott says big banks backpedaled Tuesday after goldman Sachs got a downgrade from respected banking analyst Meredith Whitney. Goldma shares lost 2% and 7 other stocks in the 23 component Banks-Money Center industry group gave up 2% or more. The lead players int he group report earnings this week, Bank of America on Friday. Whitney cut her EPS expectatins for Bank of America from a 6 cent gain to a 5 cent loss.

Johnson & Johnson JNJ $61.01 -1.52 2.43% 23,503,202 NYS: WSJ pB3 "J&J Net Rises Despite Drop in Drug Sales" by Peter Loftus, Jon Kamp says Johnson & Johnson eked out a 1.1% increase in 3Q profit as cost cuts and lighter currency headwinds helped offset generic competition for big sellng drugs. A drop in drug sales was offset by the medical device unit. For the second quarter in a row, device sales were higher than pharmaceutical sales. Tis hasn't happened in 10 years. JNJ whose products include Band-Aids and Procrit anemia drug, said profit rose to $3.35 bi. or 1.20 a share, from 3.31 bil or 1.17 a share a year year earlier. The New Brunswick, N>J> company raised its forecast for annual earnings to between 4.54 and 4.59 a share from 4.45 to 4.55. Rev fell 5.3% to $15.08 bil. US sales fell 8.1%, int'l sales lost 2.5%. Drug sales declined 14$ to 5.3bil, because of copetition from generic drugs. Sales of arthritis drug Remicade rose 6% to 1.04 bil.

Also reported at NYT pB6 and at front page of Inv. Bus. Daily.

WSJ pC6 "large Stock Focus - US Steel Adds 3.3%; Goldman, J&J Drag" by Geoffrey Rogow says Goldman Sachs and Johnson & Johnson weighed on the banking and health care industries Tues., engaging in a tug of war with a rallying materials sector that helped stocks close only slightly lower. Overall, the Dow Jones Industrial Average closed down 14.74 points. Pfizer was down 1.9% and merck, down 1.3% were two of the Dow's weakest as the Senate Finance Committee's approval of ahealth care reform bill weighed on the sector. JNJ fell 2.4% after its 3Q revs came in shy of Wall Street's expectations. J.P. Morgan Chase was down 0.9% ahead of its earnings report Wed. On the deals front, networking giant Cisco Systems agreed to acquire Starent Networks, a maker of software and gear for wirelss carriers, for about $2.9 bil.

Kraft KFT $25.99 -0.20 0.76% 8,203,880 NYSE: No mentions found.

McDonald's MCD $57.05 +0.37 0.65% 6,164,531 NYSE: No mentions found.

Merck MRK $32.42- 0.44 1.34% 20,185,491 NYSE: WSJ pC1 "Blue Chips End a 4 Day Win Streak" by Peter A. McKay says stocks finished little changed after paring morning losses as gains in basic materials and consumer discretionary shares partly offset declines in banks and health care companies. The Dow Jones Industrial Average snapped a 4 day winning streak. It was down more than 70 ponts in the morning after Johnson & Johnson announced surprisingly strong earnings but disappointing revenue. JNJ finished down 2.4%, the biggest decliner among Dow 30 components. Health care companies took another hit inthe afternoon when the Senate Finance committee approved a health care bill. Merck lost 1.3% and Pfizer fell 1.9%. Tech stocks were an exception to the declines, hepled by Cisco's plans to buy Starent Networks for $2.9 bil. Intel reported better than expected earnings and rev after the close. Its shares jumped 4.3% in after hours trading after rising 0.4% during the day.

Microsoft MSFT $25.81 +0.09 0.35% 37,491,287 NASDAQ-GS:WSJ pD4 Walter S. Mossberg's colum says Microsoft Corp.s Windows 7 new oeprating system due out next week, is easy on the eyes and fixes most of the problems that plagued its predeccsor, Vista and disucsses how to upgrade your computer to Windows 7.

Pfizer PFE $16.78 -.32 or 1.9% NYSE: WSJ pC1 "Blue Chips End a 4 Day Win Streak" by Peter A. McKay says stocks finished little changed after paring morning losses as gains in basic materials and consumer discretionary shares partly offset declines in banks and health care companies. The Dow Jones Industrial Average snapped a 4 day winning streak. It was down more than 70 ponts in the morning after Johnson & Johnson announced surprisingly strong earnings but disappointing revenue. JNJ finished down 2.4%, the biggest decliner among Dow 30 components. Health care companies took another hit inthe afternoon when the Senate Finance committee approved a health care bill. Merck lost 1.3% and Pfizer fell 1.9%. Tech stocks were an exception to the declines, hepled by Cisco's plans to buy Starent Networks for $2.9 bil. Intel reported better than expected earnings and rev after the close. Its shares jumped 4.3% in after hours trading after rising 0.4% during the day.

Procter & Gamble PG $57.26 -0.24 0.42% 11,280,428 NYSE: No mentions found.

MMM $74.65- 0.23 0.31% 2,460,066 NYSE: No mentions found.

Traveler's TRV $48.02 -0.81 1.66% 4,854,660 NYSE: No mentions found.

United Technologies UTX $61.97 +0.50 0.81% 3,683,180 NYSE:

Verizon VZ $29.02 +0.02 0.07% 22,083,987 NYSE: Inv. Bus. Daily p5 "Verizon Seeks To Get Consumers To Buy Data Plan" by Patrick Cain says Verizon used to targeting those dinosaurs who were landline consumers without a cell phone but now dinosuars are subscribers who aren't paying for data service, which is a big area for Verizon's potential growth. Verizon is competing with AT&T and T-Mobile for these customers. Telecom companies can thrive off a popular phone model. Soon verizon will start selling the Google Android, which T-Mobile and AT&T already have. Verizon offers investors a 6.6% dividend yeild. On Sept. 3, it even increased it by 6 cents on the year to 1.90 which shows it is confident in its cash flow. Recently VZ's stocktook a downward turn.

WSJ pA21 "The Coming Mobile Meltdown" by Holman W. Jenkins, Jr. says last week AT&T announced it would no longer block its exclusive Apple iPhone customers from using Internet voice services offered by the likes of Skype. Broadbank's take up has repeatedly been jumpstarted by must have applications. Napster drove the shift from dialup to wired broadbank and now Apple's iPhone is playing the same role in triggering explosive growth in the wireless Web which will change the subject from net neutrality to a shortage of wireless capacity to meet demand. There is anow energized competition between 2 overlapping rivalries, Google vs. Apple, and Verizon vs. AT&T. A single YouTube viewing consumes nearly 100 times as much cellular bandwidth as a voice call. According to Jenkins, the Obama admin should free up more spectrum by letting mobile phone opeators start merging and not worry about net neutrality.

Inv. Bus. Dialy pA4 "Spring CEO Betting on 4G, Prepaid" by Reinhardt Krause interviews Sprint Nextel's CEO, Dan Hesse, who runs the nation's third biggest wirelss phone company that has been losing market share to bigger Verizon Wireless and ATT. Sprint was hurt by the poorly executed '05 merger of Sprint and Nextel Communications.

Wal-Mart WMT $50.34 +0.73 1.47% 20,853,890 NYSE: Inv. Bus. Daily pB2 "Wal-Mart adds to Web offerings" says Wal-Mart wants its website Walmart.com to becoem the first place US consumers visit when making an online pruchase, and its move to sellhealth and beauty products will help it reach that goal as it announced it would sell more products online.

**************************************************
Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis (on 10/1 he announced his resignation as of year-end).
BA W. James McNerney, Jr.
CAT James W. Owens
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Robert 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

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 10/12/09:

1. Exxon Mobil XOM $337
2. Microsoft MSFT 229
3. WalMart WMT 191
4. JPMorgan Chase 181
5. GE 174
6. Johnson & Johnson JNJ 172
7. Procter & Gamble PG 168
8. IBM 167
9. Bank of Am BAC 156
10. At&t T 151
11. Chevron CVX 148
12. Cisco CSCO 137
13. Coke KO 127
14. Pfizer PFE 115
15. Intel INTC 114
16. Hewlett-Packard HPQ 112
17. Verizon VZ 82
18. Merck MRK 69
19. McDonald's MCD 62
20. United Technologies UTX 58
21. Disney DIS 53
22. 3M MMM 52
23. Home Depot 46
24. American Express AXP 42
25. Kraft KFT 39
26. Boeing BA 38
27. Caterpillar CAT 33
28. DuPont DD 30
29. Traveler's TRV 28
30. Alcoa AA 14

Here are the latest SEC filings as of 10/12/09 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: 10/2/09 11K Annual Report of employee stock purchase plan.

8/28/09 two 8K's, one announcing it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of AT&T redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 10/8/09 announcing financial results for the third quarter.

7/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.

American Express AXP: 10/2/09 8K announcing departure of Alfred F. Kelly, Jr., as Pesident and head of AXP Global Consumer Group as of 4/10/09.

9/15/09 8K annoucing delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended June 30, July 31 and August 31, 2009.

9/2/09 10Q;

Bank of Am BAC: 10/9/09 several free writing prospectus regarding issuance of securities.

Boeing BA: 10/9/09 8K announcing the election to the Board and Audit & Fin. Committee of retired Admiral Edmund P. Giambastiani, Jr. former Vice-Chair of Joint Chiefs of Staff '05- '07.

10/6/09 8K announcing a charge to third quarter earnings in connection with delays in the 747-8 program.

9/15/09 8K announcing that pursuant to a 1978 SEC settlement, BA informed the SEC of a change in its policy re the appointment of foreign consultants and to whom they report.

8/31/09 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.

8/27/09 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.

Caterpiller CAT: 10/5/09 8K announcing price changes on most machines worldwide effective Jan. '10.

9/23/09 8K announcing a new credit agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., that provides for an unsecured aggregate revolving credit facility up to $2.38 billion that serves as an alternative source of funds, if necessary, for CAT's commercial paper programs.

9/21/09 8K furnishing supplemental information concerning deliveries to users for its Machinery and Engines lines of business. Caterpillar sells the majority of its machinery and engines to independently owned and operated dealers and Original Equipment Manufacturers to meet the demands of their customers, the end users. Retail Sales of Machines by marketing region for the 3-month rolling period compared with the same months of the prior year were down significantlly.

9/15/09 8K announcing CAT and Navistar International Corporation (NYSE: NAV)formed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market to be based in Chicago.

Chevron CVX: 10/8/09 8K announcing third quarter interim financial results.

9/30/09 8K announcing the retirement of CEO David J. OReilly who is being replaced by John S. Watson and the election to the Board as Vice-Chairman of George L. Kirkland.

8/6/09 10Q

Cisco CSCO: 10/5/09 8K announcing its offer to buy the Norwegian fimr Tandberg ASA for $3 bil.

9/23/09 Proxy Statement in connection with its Annual Meeting to be held 11/12/09.

9/11/09 10K.

9/9/09 8K Cisco appointed Arun Sarin, former CEO of Vodafone Group Plc, to its Board of Directors.

9/4/09 8K annoucing bonus payments for '09 fiscal year to: John T. Chambers, Chairman and Chief Executive Officer, $2,031,000; Frank A. Calderoni, Executive Vice President, Chief Financial Officer, $900,000; Willaim Elfrink, Executive Vice President, Cisco Services and Chief Globalization Officer, $1,000,000; Randy Pond, Executive Vice President, Operations, Processes and Systems, $900,000; and Richard J. Justice, former Executive Vice President, Worldwide Operations and Business Development and current Executive Vice President – Executive Advisor, $750,000.

Coke KO: 7/30/09 10Q

Disney DIS: 9/22/09 Form S-4 Proxy and 9/16/09 Prospectus related to the takeover of Marvel.

8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.

DuPont DD: 10/7/09 8K regulation FD disclosure regarding comments made by Executive Vice President Mark Vergnano who said DuPont would return to its level of '08 profitability in 2 and a half years.

9/29/09 and 8/13/09 8Ks announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer 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 DD'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 will retire effective September 30, 2009.

ExxonMobil XOM: 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.

Hewlett-Packard HPQ: 9/24/09 8K saying at its Securities Analyst Meeting, HPQ addressed how it is uniquely positioned to grow and expand in the global information technology market. “We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market,” said Mark Hurd, CEO.

9/17/09 8K announcing the election of Marc L. Andreessen as a dierctor and chair of the Technology Committee of the Board. Andreessen is a co-founder and general partner of Andreessen Horowitz, a venture capital firm, and a co-founder and chairman of Ning, Inc., an online platform for people to create their own social networks. Andreessen co-founded Opsware Inc. & served as chief technology officer of America Online, Inc. and was a co-founder of Netscape Communications Corporation. Andreessen gets an retainer of $100,000, an annual equity retainer of $150,000, and $2,000 in cash for each Board meeting attended in excess of six per year. Mr. Andreessen also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP paying the remaining 75%. In addition, Mr. Andreessen will receive an annual retainer of $10,000 for service as the chair of the Technology Committee. HPQ also increased the number of HPQ directors from ten to eleven.

9/8/09 10-QA

Home Depot HD: 9/3/09 10-Q

8/26/09 8K announcing amendments to their By-Laws dealing with resignations of directors.

Intel INTC: 10/8/09 amended the 9/21/09 tender offer regarding exchange of some of its stock options with its employees.

9/15/09 8K Intel announcing Intel's consolidation of all of its major product divisions into the newly formed Intel Architecture Group, which will be co-managed by Sean Maloney and David (Dadi) Perlmutter, executive vice presidents. Maloney will be responsible for business and operations while Perlmutter will lead product development and architecture. Paul Otellini, CEO, will devote more time to corporate strategy and driving the company’s growth initiatives. Intel’s global manufacturing organization, the Technology and Manufacturing Group will now report to Andy Bryant, Intel’s chief administrative officer. Pat Gelsinger and Bruce Sewell, General Counsel, will leave INTC.

IBM: 9/8/09 8K announcing that IBM representatives will be meeting with a number of institutional investors through mid-September.

7/28/09 10Q

JPMorganChase JPM: 10/9/09 Various free writing prospectus re: issuance of securities.

Johnson & Johnson JNJ: 8/4/09 10Q

Kraft KFT: 10/6/09 8K announcing the promotion of Kim H. Jones, 49, to VP & Corp. Controller.

9/9/09 prospectus relating to Kraft's bid to take over Cadbury that was announced on 9/7/09.

9/9/09 8K announcing a strategic update, including a review of the company’s successful three-year turnaround plan.

8/5/09 10Q

McDonalds MCD: 9/25/09 8K announcing a quarterly cash dividend of .55 cents per share payable 12/15/09.

9/9/09 8K announcing that global comparable sales rose 2.2% in August and by segment performance was as follows: U.S. up 1.7%; Europe up 3.5%; andAsia/Pacific, Middle East and Africa declined 0.5%.

8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"

Merck MRK: 9/21/09 8K announcing that the acquisition by Sanofi-aventis of Merck’s 50percent interest in Merial Limited (Merial) has been completed. Sanofi-aventis acquired Merck’s interest in Merial for a cash consideration of $4 billion. Formed in 1997, Merial is a leading animal health company that was a 50/50 joint venture between Merck and sanofi-aventis and is now a wholly-owned subsidiary of sanofi-aventis.

8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough.

Microsoft MSFT: 10/6/09 Proxy Statement regarding the Shareholders Annual Meeting to be held in Bellevue, Washington on 11/19/09.

9/11/09 8K James Cash to retire from Board of Directors. The
Harvard Business School professor and senior associate dean emeritus had served on the board since 2001. With Cash’s departure, the Microsoft board will have nine members: Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co. Inc.; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of AT&T Corp.; and Dr. Helmut Panke, former chairman of the board of management at BMW AG.

8/24/09 S-8 Securities to be offered to employees in employee benefit plans

Pfizer PFE: 9/24/09 8K announcing the expansion of the Board to 14 members pursuant to the agreement to merge with Wyeth and electing two Wyeth directors to the newly expanded Board: Frances D. Fergusson and John P. Mascotte.

9/24/09 11-K Annual Report of Employee Stock Option Plan.

9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.

Procter & Gamble PG: 11K Annual Report of Employee Stock Purchase Plan.

9/10/09 8K confirmed its fiscal year 2010 and July – September quarter outlook for organic sales growth. The company also stated it expects to return to organic sales growth in the October – December quarter compared to prior year levels, following two quarters of organic sales declines. P&G also updated earnings per share guidance to include the anticipated impacts from the Pharmaceutical divestiture, which was announced on August 24, 2009. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of one to three percent. P&G expects net sales in the range of flat to up three percent versus prior year levels, which includes a foreign exchange impact of zero to minus one percent. P&G now expects fiscal 2010 earnings per share in the range of $3.99 to $4.12 per share. This includes a one-time net increase in earnings of $0.44 per share from the sale of the Pharmaceutical business, which will be partially offset by $0.10 to $0.12 per share of earnings dilution related to the transaction.

8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.

3M MMM: 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.

Travelers TRV: 8/5/09 10Q/A Amended 10Q

United Technologies UTX: 7/24/09 10Q

Verizon Communications Inc. VZ: 8K 9/11/09 8K announcing VZ's cash flow and balance sheet are strong, and VZ recently increased its dividend for the third consecutive year. VZ is not planning for any economic improvements in the second half of 2009. Verizon expects that economic conditions will continue to pressure revenues and margins in the second half of 2009, particularly in its Wireline segment. VZ expects to add one million wireless customers per quarter for the next several quarters.
The company expects to achieve its stated Alltel cost synergy targets & greater cash flow from operations in the second half of 2009 compared to the first half of 2009.

9/4/09 8K VZ raised its quarterly dividend 3.3% to 47.5 Cents per Share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.

9/4/09 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc.

Wal-Mart WMT: 8K 9/18 Pricing agreement re: the 9/16 filed prospectus relating to $1 bil of Euro Note Offering at 4.875%

9/14/09 Prospectus re debt securities of $364,600,000

9/9/09 10Q

8/13/09 8K re 7/31/09 2Q report of earnings

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