11/13/09 Fri. pm Dow Closes 10,270.47 up 73 or 0.72%

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Post #210 The following is brought to you by Intellivest Securities Research, Inc. 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 11/6/09 and an update of the Dow 30's most recent SEC filings as of 11/6/09.

The Dow Jones Industrial Average closed Friday at 10,270.47 up 73 or 0.72% from Thursday's close of 10,197.47. For the week the Dow was up 247.05 or 2.46% from last Friday's close of 10,023.42. Of the 30 Dow Companies: 6 declined, one was unchanged (Pfizer) and 23 gained. The biggest gainer dollar-wise and percentage-wise was Disney DIS $30.47 +1.42 4.89% 26,972,933 NYSE. The biggest decliner dollar-wise and percentage-wise was JPMorgan Chase JPM $42.77 -0.53 1.22% 33,337,720 NYSE NYSE.

As of the open of the market Friday morning, the current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.67 (year ago it was 18.45), the P/E estimate is 15.57 (year ago it was 10.50) and the current dividend yield is 2.73 (3.65 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1358.98 up 9.66 from Thursday's closing Dow numerator of 1349.32. 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 increase of 9.66 for Friday by the divisor you get the increase in Friday's Dow close of 73.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 45.30 up 0.32 from Thursday's Dow Jones Industrial Average closing price of $44.98. The median closing price of Thursday's Dow Jones Industrial Average was $41.54 up 0.36 from Thursday's Dow Jones median closing price of $41.18. The lowest volume Thursday was 3M MMM $77.32 +0.11 0.14% 2,209,896E NYSE and the highest volume again was Bank of Am BAC $15.98 -0.08 0.5% 117,843,375 NYSE.

If Friday 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 $960.
($135,900- $134,940)

Friday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./MarketT $26.34 0.41 1.58% 23,628,385 NYSE

T $26.2883 -0.0017 0.01% 17,817,856 NYSE
AA $13.16 -0.04 0.3% 16,587,706 NYSE
AXP $40.31 0.81 +2.05% 14,433,975 NYSE
BAC $15.98 -0.08 0.5% 117,843,375 NYSE
BA $50.71 +0.43 0.86% 3,304,391 NYSE
CAT $58.72 +0.15 0.26% 6,043,374 NYSE
CVX $77.9 +0.48 0.62% 7,050,329 NYSE
CSCO $23.71 +0.31 1.32% 35,223,676 NASDAQ-GS
KO $56.52 +0.58 1.04% 7,127,122 NYSE
DIS $30.47 +1.42 4.89% 26,972,933 NYSE
DD $34.32 +0.45 1.33% 5,781,990 NYSE
XOM $72.525 +0.625 0.87% 12,522,621 NYSE
GE $15.65 -0.10 0.63% 61,492,766 NYSE
HPQ $49.93 +0.23 0.46% 12,926,867 NYSE
HD $27.34 +0.10 0.37% 13,247,462 NYSE
INTC $19.82 +0.14 0.71% 42,927,122 NASDAQ-GS
IBM $127.08 +0.82 0.65% 4,504,453 NYSE
JPM $42.77 -0.53 1.22% 33,337,720 NYSE
JNJ $61.48 +0.33 0.54% 9,056,411 NYSE
KFT $26.92 +0.08 0.3% 6,528,366 NYSE
MCD $63.59 +1.42 2.28% 8,839,331 NYSE
MRK $33.11 +0.13 0.39% 13,330,041 NYSE
MSFT $29.63 +0.27 0.92% 52,305,193 NASDAQ-GS
PFE $17.62 unch unch 33,475,491 NYSE
PG $61.62 +0.32 0.52% 10,715,898 NYSE
MMM $77.32 +0.11 0.14% 2,209,896 NYSE
TRV $53.3 +0.16 0.3% 3,259,920 NYSE
UTX $68.06 +1.36 2.04% 4,606,545 NYSE
VZ $30.1299 -0.0301 0.1% 11,078,081 NYSE
WMT $53.27 +0.03 0.06% 16,885,593 NYSE
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The following appeared in Friday's morning Blog:

A read of the 11/13/09 print editions of: The European edition of the Financial Times, Int'l edition of USA Today & International Herald Tribune 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 Thursday at 10,197.47 down 93.79 or 0.91% from Wednesday's close of 10,291.26. Of the 30 Dow Companies: 25 declined, one, Pfizer, was unchanged and 4 gained. The biggest gainer dollar-wise was Johnson & Johnson JNJ $60.87 -0.36 0.59% 11,126,109 NYSE and percentage-wise was Microsoft MSFT $29.12 +0.11 0.38% 49,234,949 NASDAQ-GS. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $60.06 -0.10 0.17% 7,489,318 NYSE.

Fin Times p30 "Blue chips retreat despite rush of deal activity for techs" by Samantha Pearson says sinking oil prices dragged US stocks lower in choppy trading yesterday, overshadowing a rush of deals and higher profit at Walmart. Walmart, the world's largest retailer, reported quarterly profit above expectations due to aggressive cost cutting and it gained market share in the US, UK and Mexico. HP said it wold buy 3Com and Intel settled its antitrust dispute with AMD. Shares in United Tech lost .3% after saing it would buy Ge's security biz.

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

Thursday's Dow Jones Industrial Average closing numerator was 1349.32 down 12.41 from Wednesday's closing Dow numerator of 1361.73. 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 of 12.41 for Thursday by the divisor you get the decrease in Thursday's Dow close of 93.79.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 44.98 down 0.42 from Wednesday's Dow Jones Industrial Average closing price of $45.40. The median closing price of Thursday's Dow Jones Industrial Average was $41.18 down 1.01 from Wednesday's Dow Jones median closing price of $42.19. The lowest volume Thursday was 3M MMM $77.96 +0.03 0.04% 2,866,477 NYSE and the highest volume again was Bank of Am BAC $16.43 +0.40 2.5% 183,486,619 NYSE.

If Thursday 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 $1,260.
($136,200 - 134,940)

AT&T T $26.29 -0.15 0.57% 17,008,265 NYSE: USA Today p8A"AT&T demands that Verizon pull is ads comparing coverage" by Leslie Cauley says AT&T on Wed amended its lawsuit complaint against Verizon by asking the fed court in Atlanta to force Verizon to pull the ads that mischaracterize AT&T's wireless network coverage. Verizon claims AT&T's 3G wireless coverage is bad in comparison with Virizon's. Most of AT&T's network is powered by slower 2.5G network and the 3G network only reaches 75% of the population. AT&T is the exclusive distributor of the Apple iPhone and moany of those customers ahvve complained about network performance, especially slow downloads and dropped calls.

AA $13.2 -0.23 1.71% 22,308,326 NYSE
AXP $39.5 -0.55 1.37% 9,845,387 NYSE

Bank of America BAC $16.06 -0.37 2.25% 154,405,876 NYSE: USA Today p8A "6 weeks later, CEO job's still unfilled" by Pallavi Gogoi says its been six weeks since Bank of America CEO Kenneth Lewis said he was resigning and BofA still hasn't named a relpalcement. Shareholder groups are saying that it's a sign of weakness and unpreparedness on the par of the board, that it didn't have a succession plan in place despie clear signs hat Lewis' job was under pressure for months.

BA $50.28 0.40 -0.79% 3,324,346 NYSE
CAT $58.57- 1.49 2.48% 7,573,449 NYSE
CVX $77.42 -1.09 1.39% 8,597,963 NYSE

Cisco CSCO $23.4 -0.52 2.17% 63,738,784 NASDAQ-GS: USA Today "HP to buy 3Com in $2.7 Bil cash deal" by Jon Swaratz says Hewlett-Packard on Wed. said it will acquire computer networking equp maker 3Com for about $2.7 bil in cash in a deal with potentially huge implications in the tech sector. This would make HP the second biggest company in the $40 bil networking market worldwide, after Cisco Systems, and strengthens its position in China, where 3 Com has 30% of the networking market. HP will give 3Com stockholders $7.90 per share. Bot firms' boards have approved the deal which will close in the first half of 2010. HP is the world's largest maker of computers but it has been hurt by the economic downturn has sales have been down for its core businesses for PCs and printer ink. HP also issued a prelim financial report for the 3 months ended in Oct saying it earned $1.14 per share but rev slid 8% from same period a year ago to $30.8 bil. HP last year bought Electronic Data Systems making its tech services group its biggest profit producer.

KO $55.94- 0.19 0.34% 7,571,399 NYSE

Disney DIS $29.05- 0.24 0.82% 17,882,965 NYSE: Fin Times p23 "Magic fades as euro Disney sinks into loss" by Scherezade Daneshkhu says Euro Disney has plunged back into the red, sending its shares 10% lower yesterday as the oeprator of Europe's largest theme park missed performance targets for the '09 financial year.
DD $33.87 -0.24 0.7% 7,883,352 NYSE
XOM $71.9 -1.01 1.39% 16,587,543 NYSE

GE $15.75 -0.08 0.51% 65,609,581 NYSE: Fin Times p20 "UtC agrees to buy GE's fire division for $1.8 bil" by Greg Farrell says United Technologies reached an agreement to acquire the fire and security division of GE for $1.82bil yesterday, boosting the smaller conglomerate's position in the niche market, and allowing GE to exgticatte itself from a business in which it was not a dominant palyer.

Hewlett-Packard HPQ $49.7- 0.30 0.6% 21,984,970 NYSE: USA Today "HP to buy 3Com in $2.7 Bil cash deal" by Jon Swaratz says Hewlett-Packard on Wed. said it will acquire computer networking equp maker 3Com for about $2.7 bil in cash in a deal with potentially huge implications in the tech sector. This would make HP the second biggest company in the $40 bil networking market worldwide, after Cisco Systems, and strengthens its position in China, where 3 Com has 30% of the networking market. HP will give 3Com stockholders $7.90 per share. Bot firms' boards have approved the deal which will close in the first half of 2010. HP is the world's largest maker of computers but it has been hurt by the economic downturn has sales have been down for its core businesses for PCs and printer ink. HP also issued a prelim financial report for the 3 months ended in Oct saying it earned $1.14 per share but rev slid 8% from same period a year ago to $30.8 bil. HP last year bought Electronic Data Systems making its tech services group its biggest profit producer.

HD $27.24 -0.07 0.26% 18,712,417 NYSE

Intel INTC $19.68 -0.16 0.81% 76,755,243 NASDAQ-GS: Fin Times p17 "Intel to pay AMD $1.25 bil to settle long running antitrust case" by Richard Waters, Nikki Tait says Intel agreed to pay this amount to settle a private antitrust lawsuit from rival chipmaker Advanced Micro Devices which settlement ends one of the longest running disagreements in US business. AMD, which is virtually Intel's only rival in making the microprocessors used in PCs and many low cost servers has long complainted that its much bigger rival uses unfair methods to prevent computer makers from buying its chips. Regulators have moved against Intel in Japan, s. Korea and the European Union based on these complaints and NY AG Andrew Cuomo as well as the FTC have also taken action.
IBM $126.26 -0.93 0.73% 5,338,479 NYSE
JPM $43.3 -1.02 2.3% 34,383,375 NYSE
JNJ $61.15 +0.28 0.46% 13,591,041 NYSE
KFT $26.84 +0.02 0.07% 7,854,635 NYSE
MCD $62.17 -0.66 1.05% 6,416,854 NYSE
MRK $32.98 -0.24 0.72% 14,098,757 NYSE

Microsoft MSFT $29.36 +0.24 0.82% 55,305,930 NASDAQ-GS: USA Today p6A "Microsoft hpes people get touchy on their PCs" says Windows 7 includes the ability to inereact with touch screen. As part of MSFT's recent launch of Windows 7, Microsof hpes to usher in a new era for touch based companies.
PFE $17.62 unch unch 39,674,260 NYSE
PG $61.3 -0.93 1.49% 14,070,568 NYSE
MMM $77.21 -0.75 0.96% 2,444,821 NYSE
TRV $53.14 -1.17 2.15% 4,840,301 NYSE

United Technologies UTX $66.7 -0.27 0.4% 4,666,739 NYSE: Fin Times p20 "UtC agrees to buy GE's fire division for $1.8 bil" by Greg Farrell says United Technologies reached an agreement to acquire the fire and security division of GE for $1.82bil yesterday, boosting the smaller conglomerate's position in the niche market, and allowing GE to exgticatte itself from a business in which it was not a dominant player.

Verizon VZ $30.16 -0.20 0.66% 12,492,182 NYSE: USA Today p8A"AT&T demands that Verizon pull is ads comparing coverage" by Leslie Cauley says AT&T on Wed amended its lawsuit complaint against Verizon by asking the fed court in Atlanta to force Verizon to pull the ads that mischaracterize AT&T's wireless network coverage. Verizon claims AT&T's 3G wireless coverage is bad in comparison with Virizon's. Most of AT&T's network is powered by slower 2.5G network and the 3G network only reaches 75% of the population. AT&T is the exclusive distributor of the Apple iPhone and moany of those customers ahvve complained about network performance, especially slow downloads and dropped calls.

WalMart WMT $53.24 +0.27 0.51% 28,261,108 NYSE: USA Today p3A says WalMart will keep its stores open 24 hours and take new crowd control measures Thanksgiving weekend afger an employee was trampled to death in a Black Friday rush last year.

Fin Times p19 "Walmart says confidence remains low" by Jonathan Birchall says Walmart yesterday underlined the continuing gap between Wall Street's increasing confidence and Main Street sentiment, saying it was seeing no signs of its customers being under less financial stress as it expected its US holiday sales to be unchanged from last year when it saw a 2.4% increase in its holiday quarter comparable sales.

Fin Times p30 "Blue chips retreat despite rush of deal activity for techs" by Samantha Pearson says sinking oil prices dragged US stocks lower in choppy trading yesterday, overshadowing a rush of deals and higher profit at Walmart. Walmart, the world's largest retailer, reported quarterly profit above expectations due to aggressive cost cutting and it gained market share in the US, UK and Mexico. HP said it wold buy 3Com and Intel settled its antitrust dispute with AMD. Shares in United Tech lost .3% after saing it would buy Ge's security biz.

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 who will be replaced by Douglas Oberhelman in 2010.
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
11/6/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $349 [5]
2. Microsoft MSFT 254 [9]
3. WalMart WMT 198 [4]
4. Procter & Gamble PG 178 [3]
5. JPMorgan Chase 171 [4]
6. Johnson & Johnson JNJ 164 [3]
7. GE 163 [10.5]
8. IBM 162 [1.5]
9. Chevron CVX 155 [2]
10. Cisco CSCO 155 [6]
11. AT&T 153 [6]
12. BAC 130 [6.5]
13. Coke KO 126 [2]
14. Hewlett-Packard HPQ 117 [ 2]
15. Pfizer PFE 116 [7]
16. Intel INTC 106 [5.5]
17. Verizon VZ 69 [3]
18. Merck MRK 69 [2
19. McDonald's MCD 67 [1]
20. United Technologies UTX 61 [1]
21. 3M MMM 53 [.5]
22. Disney DIS 53 [2]
23. Home Depot 44 [2]
24. American Express AXP 44 [1]
25. Kraft KFT 40 [1.5]
26. Caterpillar CAT 36 [.5]
27. Boeing BA 34 [1]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 11/7/09 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: 11/6/09 8K announced the completion of the acquisition of Centennial Communications Corp. a regional provider of wireless and wired communications services for $945 million in cash.
11/5/09 10-Q

Alcoa AA: 10/23/09 10Q

American Express AXP: 10/30/09 10Q

Bank of Am BAC: 11/6/09 10Q

Boeing BA: 11/5/09 8K to reflect certain adjustments that have been made to prior year consolidated financial statements that were previously filed with the SEC on Form 10-K for the year ended December 31, 2008.

Caterpiller CAT: 10/30/09 10-Q

Chevron CVX: 11/5/09 10Q

Cisco CSCO: 11/4/09 8K On November 4, 2009, Cisco reported its results of operations for its fiscal first quarter 2010 ended October 24, 2009. Advisor, $750,000.

Coke KO: 10/29/09 10QA

Disney DIS: 10/27/09 Amended S-4 related to the takeover of Marvel.

DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due January 15, 2015 & $1,000,000,000 4.625% Notes due January 15, 2020

ExxonMobil XOM: 11/5/09 10Q

GE: 11/6/09 10QA

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.

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

Intel INTC: 11/5/09 8K Regulation FD Disclosure that on November 4, 2009, NY Attorney General Andrew Cuomo filed a lawsuit against Intel in the US Dist. Ct. for the District of Delaware alleging that Intel has violated the federal antitrust laws, the New York Donnelly Act (N.Y. Gen. Bus. Law § 340 et seq.), and § 63(12) of the New York Executive Law. The lawsuit alleges that Intel has engaged in a worldwide campaign of illegal, exclusionary conduct to maintain Intel’s alleged monopoly power and prices in the market for x86 microprocessors. The lawsuit seeks unspecified damages trebled, restitution, disgorgement, an injunction, $1,000,000 for each violation of the Donnelly Act, and attorneys’ fees and costs. Intel strongly disagrees with the plaintiff’s allegations and claims, and intends to conduct a vigorous defense of the lawsuit.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities of the Registrant.

JPMorganChase JPM: 11/6/09 Reg. FD disclosure relating to an investor conference.

Johnson & Johnson JNJ: 11/4/09 10Q

Kraft KFT: 11/3/09 10Q

McDonalds MCD: 11//5/09 10Q

Merck MRK: 11/4/09 8K announcing the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 10/23/09 10Q

Pfizer PFE: 11/5/09 10Q

Procter & Gamble PG: 10/29/09 10Q

3M MMM: 10/20/09 10Q

Travelers TRV: 10/22/09 10Q

United Technologies UTX: 10/23/09 10Q

Verizon Communications Inc. VZ:/11/2/09 8K announcing VZ adoption of Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements — an amendment of ARB No. 51 (SFAS No. 160).

Wal-Mart WMT: 8K 9/18/09 pricing agreement relating to a $1 bil Euro Note Offering.