10/19/09 pm Mon. Dow Closes at 10092.19 or 96.28 or 0.96%

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

Post #167 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.

The Dow Jones Industrial Average closed Monday at 10092.19 up 96.28 or 0.96% from Friday's close of 9995.91. Of the 30 Dow Companies: 5 declined and 25 gained. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $57.85 +3.28 6.01% 18,721,764 NYSE and the biggest decliner dollar-wise and percentage-wise was GE $15.84 -0.24 1.49% 98,740,375 NYSE.

Monday's Dow Jones Industrial Average closing numerator was 1335.39 down 12.74 from Friday's closing Dow numerator of 1322.65. 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. 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 market open Monday the Dow's trailing P/E ratio is 16.06, the P/E estimate is 16.02, and the dividends yield is 2.80.

Now, if you divide the Dow numerator decrease of 12.74 for today by the divisor you get the increase of 12.74 in Monday's Dow close.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 44.51 up 0.42 from Friday's Dow Jones Industrial Average closing price of 44.09. The median closing price of Monday's Dow Jones Industrial Average was 40.86 up 0.35 from Friday's Dow Jones median closing price of 40.51.

The highest closing price Monday again was IBM $123.06 +1.42 1.17% 7,389,588 NYSE and the lowest closing price Monday again was Alcoa AA $14.07 +0.03 0.21% 21,465,911NYSE.

The lowest volume Monday again was 3M MMM $76.32 +0.30 0.39% 3,064,430 NYSE and the highest volume again was Bank of Am BAC $17.16 -0.10 0.58% 155,122,757 NYSE.

If Monday 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 $1,260.
($133,530 - 132,270)

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

T $26 0.30 +1.17% 25,784,214 NYSE
AA $14.07 +0.03 0.21% 21,465,911 NYSE
AXP $35.74 +0.79 2.26% 8,020,695 NYSE
BAC $17.16 -0.10 0.58% 155,122,757 NYSE
BA $53.45 +0.26 0.49% 3,818,656 NYSE
CAT $57.85 +3.28 6.01% 18,721,764 NYSE
CVX $77.66 +0.85 1.11% 8,171,359 NYSE
CSCO $24.25 +0.23 0.96% 30,498,821 NASDAQ-GS
KO $54.79 -0.22 0.4% 10,324,645 NYSE
DIS $29.87 +0.47 1.6% 12,627,079 NYSE
DD $34.62 +0.52 1.52% 6,345,552 NYSE
XOM $73.62 +0.50 0.68% 20,388,989 NYSE
GE $15.84 -0.24 1.49% 98,740,375 NYSE
HPQ $48.47 +0.10 0.21% 11,192,099 NYSE
HD $27.63 +0.37 1.36% 8,286,919 NYSE
INTC $20.41 +0.23 1.14% 67,610,360 NASDAQ-GS
IBM $123.06 +1.42 1.17% 7,389,588 NYSE
JPM $45.98 -0.08 0.17% 30,342,215 NYSE
JNJ $61.16 +0.70 1.16% 11,413,970 NYSE
KFT $27.21 +0.18 0.67% 11,181,871 NYSE
MCD $59.28 +0.50 0.85% 7,539,501 NYSE
MRK $33.73 +0.52 1.57% 27,987,541 NYSE
MSFT $26.36 -0.14 0.53% 47,894,737 NASDAQ-GS
PFE $17.98 +0.21 1.18% 90,719,048 NYSE
PG $57.79 +0.35 0.61% 7,891,730 NYSE
MMM $76.32 +0.30 0.39% 3,064,430 NYSE
TRV $48.8 +0.13 0.27% 3,950,869 NYSE
UTX $65.44 +0.55 0.85% 5,979,912 NYSE
VZ $28.96 +0.06 0.21% 19,655,620 NYSE
WMT $51.89 +0.67 1.31% 15,387,431 NYSE
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The following was in this morning's Blog:

A read of Monday's 10/19/09 print editions of: Wall Street Journal, New York Times, The Financial Times, USA Today and Atlanta Journal Constitution 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 Friday at 9995.91 down 67.03 or 0.67% from Thursday's close of 10,062. for the week the Dow Jones was up 130.97 or 1.33%. Of the 30 Dow Companies: 17 declined and 13 gained. The biggest gainer dollar-wise and percentage-wise was Boeing BA $53.19 +1.43 2.76% 7,398,105 NYSE and the biggest decliner dollar-wise and percentage-wise was IBM $121.64 -6.34 4.95% 18,542,370 NYSE.

T $25.7 -0.21 0.81% 34,807,358 NYSE: No mentions found.

AA $14.04 -0.32 2.23% 29,403,677 NYSE: No mentions found.

American Express AXP $34.95 -0.59 1.66% 14,266,126 NYSE: Fin Times p20 says American Express will report 3Q earnings on Thursday 10/22.

Bank of America BAC $17.26 -0.84 4.64% 333,015,187 NYSE: WSJ pA2 "Criticism of Wall Street Pay More Muted This Time" by John D. McKinnon, Naftali Bendavid says while the Obama admin. officials criticized Wall Street banks over their high compensation packages their criticism was muted comapred to attacks made earlier in the year. The admin. has less leverage over JPMorgan and Goldman for example. Only 5 financial firms are still subject to Obama admin's pay czar Kenneth Feinberg's oversight, Bank of America, AIG, Citigroup, GMAC and Chrysler Financial. Another photo of BofA CEO Kenneth Lewis looking upset.

Related story at NYT p3 Ginger Thompson.

Boeing BA $53.19 +1.43 2.76% 7,398,105 NYSE: Fin Times p20 says Boeing will report 3Q earnings on Wenesday 10/21.

Caterpillar CAT $54.57 -0.20 0.37% 8,789,941 NYSE: Fin Times p20 says Caterpillar will report 3Q earnings on Tuesday 10/20.

Chevron CVX $76.81 +0.12 0.16% 9,587,098 NYSE: WSJ pB3 "Chevron CEO Warns of Possible Oil Shortage" says CEO David O'Reilly warned of a potential shortfall in oil suppplies midway through the next decade that could trigger a substantial increase in prices. It has a $22.8 spending forecast for '09.

Cisco CSCO $24.02 -0.346 1.42% 37,883,143 NASDAQ-GS: Fin Times p15 "Cisco spruces up routers to fight off cheaper rivals - core products to be given overhaul - Move is a response to market pressure" by Joseph Menn says Cisco will overhaul one of its core products for the first time in 5 years in an attempt to show that it has not abandoned its heartland for flashier markets. Today Cisco will announce it is releasing 3 new models of routers aimed at small and midsized business refreshing a line that brings in billion of dollars every year. Cisco is primarily a networking equipment maker and has about 80% of the smaller and midsize market for these basic machines, which move data around small networks, making them the world's most widely sold routers.

Coca-Cola KO $55.01 +0.09 0.16% 10,754,082 NYSE: Fin Times p20 says Caterpillar will report 3Q earnings on Tuesday 10/20.

Disney DIS $29.4 +0.17 0.58% 12,014,394 NYSE: WSJ pB4 "Estimated Box Office Figures, Through Sunday" has two Disney films ranked 8 and 9, Toy Story 2 and Surrogates with weekend sales of $3 and $1.9 mil respectively.

DD $34.1 -0.47 1.36% 6,342,647 NYSE: No mentions found.

Exxon Mobil XOM $73.12 +0.18 0.25% 22,960,082 NYSE: WSJ pC10 "Heard on Street" "Refining Business Enters the Twilight Zone" says a sense of despair is gathering over refiners because margins have collapsed amid the recession. Rex Tillerson, CEO of Exxon Mobil says US gasoline demand peaked in '07.

WSJ pR2 "Big Oil Looks to Biofuels" by Guy Chazan says the major oil companies are helping the biofuels industry which has been hard hit by the global credit crunch. Exxon Mobil's CEO Rex Tillerson, who once dismissed corn based ethanol as moonshine said in July it would invest $600 mil in an algae to fuel start up - Synthetic Genomics Inc. Chevron is in a jv with Weyerhauser to make fuel from biomass such as switchgrass and is giving grants to Georgia Tech & U Cal -Davis for biofuels research.

GE $16.08 -0.71 4.23% 181,319,744 NYSE: WSJ pB1 "Vivendi, GE Assess Valuation of NBC" by Sam Schechner, Jeffrey McCracken says GE and Vivendi are about $500 mil apart in talks about what Vivendi should be paid for its minority sake in tv and movie company NBC Universal.

Related story at NYT pB2 and NYT pB by Eric Fanner.

WSJ pB4 "GE's NBC Universal Tees Up Cause Related Shows - Offering Deals on Packages of Programming Unified by Theme Fetches extra Ad Dollars for Media Company" by Suzanne Vranica says NBC Universal is offering marketers the chance to hitch their products to programs promoting a cause or health or social issue.

HPQ $48.37 +0.37 0.77% 19,404,635 NYSE: No mentions found.

HD $27.26 -0.04 0.15% 12,004,612 NYSE: No mentions found.

INTC $20.18 -0.49 2.37% 75,411,423 NASDAQ-GS: No mentions found.

IBM $121.64 -6.34 4.95% 18,542,370 NYSE: WSJ pA4 "Moffat viewed as Classic IBM Exec." by William M. Bukeley says within IBM, Robert W. Moffat who was arrested last week for a massive insider trading scheme, was known as a quintessential IBMer rising to Big Blue's top echelons by relentlessly cutting costs to boost profits. He was a close confidant of IBM CEO Samuel Palmisano. Moffat is accused of leaking data in the scheme that has charged 6 people.

Related stories WSJ pA1 Lead Story Headlines "Colleagues Finger Billionaire" by Gregory Zuckerman, Don Clark, Susan Pulliam & WSJ pA5 "How Associates Helped Build Case" by Susan Pulliam and USA Today p8B.

JPMorgan JPM $46.06 -1.10 2.33% 35,920,168 NYSE: WSJ pA2 "Criticism of Wall Street Pay More Muted This Time" by John D. McKinnon, Naftali Bendavid says while the Obama admin. officials criticized Wall Street banks over heir high compensation packages theircriticism was muted comapred to attacks made earlier in the year. The admin. has less leverage over JPMorgan and Goldman for example. Only 5 financial firms are still subject to Obama admin's pay czar Kenneth Feinberg's oversight, Bank of America, AIG, Citigroup, GMAC and Chrysler Financial. Another photo of BofA CEO Kenneth Lewis looking upset.

Related story at NYT p3 Ginger Thompson.

WSJ pC3 "Money Managers Face A Shrunken Bonus Pool" by Aaron Lucchetti says while pay is roaring back on Wall Street, money maangers at some large mutual fund firms are facing another down year and bonus pools are likely to shrink by 35% as the $10 trillion industry copes with reduced assets. Also, few asset management companies have major operations like Goldman Sachs and JP Morgan Chase do which has bolstered these two's results.

JNJ $60.46 -0.48 0.79% 13,498,251 NYSE: No mentions found.

KFT $27.03 +0.40 1.5% 18,932,475 NYSE: No mentions found.

McDonald's MCD $58.78 +0.58 1% 9,941,534 NYSE: Fin Times p20 says McDonald's will report 3Q earnings on Thursday 10/22.

Merck MRK $33.21 -0.09 0.27% 20,250,941 NYSE: Fin Times p20 says Merck will report 3Q earnings on Thursday 10/22.

Microsoft MSFT $26.5 -0.21 0.79% 56,116,365 NASDAQ-GS: Fin Times p14 "Microsoft looks to Windows 7 to make up ground on rivals - new software takes up the challenge from Google and Apple" by Richard Waters says the release of Windows 7 on Thurs. comes in midst of a Microsoft overhaul of some of its top products, such as its internet browser, mobile phone software and internet search engine, as it tries to catch up with better received and more innovative software from google and Apple.

Fin Times p20 says Microsoft will report 3Q earnings on Friday 10/23.

Pfizer PFE $17.77 +0.11 0.62% 66,977,392 NYSE: Fin Times p20 says Pfizer will report 3Q earnings on Tuesday 10/20.

PG $57.44 -0.20 0.35% 11,743,941 NYSE: No mentions found.

MMM $76.02 +0.75 0.98% 3,313,938 NYSE: No mentions found.

TRV $48.67 +0.12 0.25% 4,777,815 NYSE: No mentions found.

UTX $64.89 +0.49 0.76% 6,179,561 NYSE: No mentions found.

VZ $28.9 -0.21 0.72% 20,787,216 NYSE: No mentions found.

Wal-Mart WMT $51.22 +0.27 0.53% 16,487,768 NYSE: WSJ pB3 "Wal-Mart, Amazon Gear Up for Holiday Battle - Retail Rivals Increasingly Encroach on Each Other's Turf, Setting State for Dec. Shopping Showdown" by Geoffrey A. Fowler, Miguel Bustillo says the current price between the two over hot coming books is just the tip of the iceberg. For now, WMT is far behind Amazon online with $1.7 bil in online sales last year, while Amazon had $19 bil. but WMT says their numbers are highter because it doesn't reflect merchandise ordered online but picked up in store.

Fin Times p16 "Walmart focuses on smaller format" by Jonathan Birchall says Walmart is strengthening the management of its small Neighborhood markets, the supermarket style stores that represent a potential avenue for future growth as the expansion of its huge Sueprcenters slows.
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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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The following is a template for Wed. morning's Blog:

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

Post #170 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 10/21/09 print editions of: Wall Street Journal, New York Times, The Financial Times, USA Today, & Atlanta Journal Constitution 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 10041.48 down 50.71 or 0.5% from Monday's close of 100092.19. Of the 30 Dow Companies: 19 declined and 6 gained. The biggest gainer dollar-wise and percentage-wise was for the second day in a row Caterpillar CAT $59.61 +1.76 3.04% 33,661,739 NYSE and the biggest decliner dollar-wise and percentage-wise was Boeing BA $51.89 -1.56 2.92% 8,143,139 NYSE.



Tuesday's Dow Jones Industrial Average closing numerator was 1328.68 down 6.71 from Monday's closing Dow numerator of 1355.39. 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.

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 market open Wednesday the Dow's trailing P/E ratio is from yesterday's 16.21, the P/E estimate is 16.02 unchanged (1 year ago it was ), and the dividends yield is down from yesterday's 2.77 (a year ago it was 3.). Now, if you divide the Dow numerator decrease of 6.71 for Tuesday by the divisor you get the decrease of 50.71 in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 44.29 down 0.22 from Tuesday's Dow Jones Industrial Average closing price of 44.51. The median closing price of Tuesday's Dow Jones Industrial Average was 40.73 down 0.13 from Monday's Dow Jones median closing price of 40.86.

The highest closing price Tuesday again was IBM $122.82 -0.24 0.2% 8,713,249 NYSE and the lowest closing price Tuesday again was Alcoa AA $13.79 -0.28 1.99% 36,481,175 NYSE.

The lowest volume Tuesday was Traveler's TRV $48.46 -0.34 0.7% 2,906,923 NYSE and the highest volume again was Bank of Am BAC $17.01 -0.15 0.87% 168,644,861 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 $660.
($133,530 - 132,870)

AT&T T $25.99 -0.01 0.04% 34,555,446 NYSE:

Alcoa AA $13.79 -0.28 1.99% 36,481,175 NYSE:

American Express AXP $35.42 -0.32 0.9% 8,247,723 NYSE:

Bank of America BAC $17.01 -0.15 0.87% 168,644,861 NYSE:

Boeing BA $51.89 -1.56 2.92% 8,143,139 NYSE:

Caterpillar CAT $59.61 +1.76 3.04% 33,661,739 NYSE:

Chevron CVX $77.03 -0.63 0.81% 8,064,620 NYSE:

Cisco CSCO $24.11 -0.14 0.58% 52,345,738 NASDAQ-GS:

Coca-Cola KO $54.07 -0.72 1.31% 13,347,378 NYSE:

Disney DIS $29.35 -0.52 1.74% 10,296,274 NYSE:

DuPont DD $33.87 -0.75 2.17% 7,793,470 NYSE:

Exxon Mobil XOM $73.02 -0.60 0.81% 19,885,870 NYSE:

GE $15.58 -0.26 1.64% 100,616,509 NYSE:

Hewlett-Packard HPQ $48.74 +0.27 0.56% 12,176,859 NYSE:

Home Depot HD $26.97 -0.66 2.39% 12,819,802 NYSE:

Intel INTC $20.18 -0.23 1.13% 66,747,315 NASDAQ-GS:

IBM $122.82 -0.24 0.2% 8,713,249 NYSE:

J.P. Morgan Chase JPM $46.03 +0.05 0.11% 30,485,604 NYSE:

Johnson & Johnson JNJ $60.59 -0.57 0.93% 15,572,588 NYSE:

Kraft KFT $27.23 +0.02 0.07% 8,301,910 NYSE:

McDonald's MCD $58.92 -0.36 0.61% 7,375,507 NYSE:

Merck MRK $33.72 -0.01 0.03% 23,016,791 NYSE:

Microsoft MSFT $26.37 +0.01 0.04% 54,164,503 NASDAQ-GS:

Pfizer PFE $17.93 -0.05 0.28% 89,670,010 NYSE:

Procter & Gamble PG $58.13 +0.34 0.59% 11,229,127 NYSE:

3M MMM $75.95 -0.37 0.48% 3,504,240 NYSE:

Traveler's TRV $48.46 -0.34 0.7% 2,906,923 NYSE:

United Technologies UTX $65.4 -0.04 0.06% 6,555,931 NYSE: No mentions found.

Verizon VZ $28.8 -0.16 0.55% 18,908,988 NYSE:

Wal-Mart WMT $51.7 -0.19 0.37% 13,222,165 NYSE:
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