11/20/09 Fri. pm Dow Closes 10318.16 down 14.28 or 0.14%

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Post #222 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 10,318.16 down 14.28 or 0.14% from Thursday's close of 10,332.44. For the week the Dow was up 47.69 0.46%. Of the 30 Dow Companies: 21 declined and 9 gained. The biggest gainer dollar-wise and percentage-wise was Merck MRK $36.46 +1.13 3.2% 36,277,143 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $57.95 0.66 1.13% 8,692,203 YSE.

As of the open of the market Friday, the current divisor for the Dow found at page C4 of The Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.90 down from Thursday's 18.06 (year ago it was 15.81), the P/E estimate is 15.82 unchanged (year ago it was 10.35) and the current dividend yield is 2.69 up from Thursday's 2.67 (it was 4.28 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1365.29 down 1.89 from Thursday's closing Dow numerator of 1367.18. 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 1.89 for Frisday by the divisor you get the decrease in Friday's Dow close of 14.28.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 45.51 down 0.06 from Thursday's Dow Jones Industrial Average closing price of $45.57. The median closing price of Friday's Dow Jones Industrial Average was $41.70 down 0.15 from Thursday's Dow Jones median closing price of $41.85. The lowest volume Thursday was 3M MMM $76.64 0.61 0.79% 3,025,314 NYSE and the highest volume again was Bank of Am BAC $16.09 +0.01 0.06% 127,726,139 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 lost $180.
($136,710 - $136,530)

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

AT&T T $26.02 0.09 0.34% 23,557,729 NYSE
Alcoa AA $13.13 0.09 0.68% 22,267,842 NYSE
American Express AXP $40.93 0.21 0.51% 10,647,343 NYSE
Bank of America BAC $16.09 +0.01 0.06% 127,726,139 NYSE
Boeing BA $51.7 +0.27 0.52% 4,685,210 NYSE
Caterpillar CAT $57.95 0.66 1.13% 8,692,203 NYSE
Chevron CVX $76.77 0.57 0.74% 10,518,961 NYSE
Cisco CSCO $23.46 0.22 0.93% 36,180,447 NASDAQ-GS
Coca-Cola KO $57.48 +0.60 1.05% 10,319,604 NYSE
Disney DIS $30.01 0.20 0.66% 9,112,830 NYSE
DuPont DD $34.51 0.09 0.26% 5,879,093 NYSE
ExxonMobil XOM $74.38 0.27 0.36% 19,065,539 NYSE
GE $15.59 0.17 1.08% 63,568,347 NYSE
Hewlett-Packard HPQ $50.04 +0.22 0.44% 14,334,709 NYSE
Home Depot HD $27.18 +0.07 0.26% 17,298,732 NYSE
Intel INTC $19.24 0.06 0.31% 48,741,342 NASDAQ-GS
IBM $126.96 0.58 0.45% 5,312,986 NYSE
J.P.Morgan Chase JPM $42.46 0.09 0.21% 25,221,159 NYSE
Johnson & Johnson JNJ $62.31 0.12 0.19% 16,270,346 NYSE
Kraft KFT $27.17 +0.20 0.74% 11,302,268 NYSE
McDonald's MCD $63.97 +0.56 0.88% 8,829,416 NYSE
Merck MRK $36.46 +1.13 3.2% 36,277,143 NYSE
Microsoft MSFT $29.62 0.16 0.54% 42,156,703 NASDAQ-GS
Pfizer PFE $18.36 +0.25 1.38% 60,772,795 NYSE
Procter & Gamble PG $61.8 0.35 0.56% 12,337,073 NYSE
3M MMM $76.64 0.61 0.79% 3,025,314 NYSE
Travelers TRV $52.38 0.30 0.57% 4,104,310 NYSE
United Technologies UTX $67.97 0.04 0.06% 3,359,181 NYSE
Verizon VZ $30.43 0.09 0.29% 11,362,498 NYSE
Walmart WMT $54.28 0.26 0.48% 14,721,405 NYSE
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The following appeared in this morning's Blog:

A read of Friday's 11/20/09 print editions of: Wall St. Journal, Financial Times, New York Times, USA Today, Investors Bus. Daily, Atlanta Journal Constitution, Daily Report (Georgia)& 11/20 - 26 Atlanta Business Chronicle, Oct. '09 issue of Equites Magazine (just out) and Nov. '09 issue of Instituional Investor Magazine 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 Thursday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Thursday at 10332.44 down 93.87 or 0.09% from Wednesday's close of 10,426.31. Year to date the Dow is up 17.73%. Of the 30 Dow Companies: 26 declined and 4 gained. The biggest gainer dollar-wise was Coca-Cola KO $56.88 +0.30 0.53% 9,077,169 NYSE and percentage-wise was Merck MRK $35.33 +0.19 0.54% 23,990,737 NYSE. The biggest decliner dollar-wise was Chevron CVX $77.34 -1.58 2% 8,861,458 NYSE and percentage-wise was Intel INTC $19.3 -0.82 4.08% 108,630,070 NASDAQ-GS.

WSJ pC5 "Intel Tumbles 4.1%; Marathon Oil Drops" by Geofrey Rogow says US stocks fell for the 2nd session in a row on an analyst's downgrade of Intel and other chip makers, while concern that a Nov. jump in energy and metals prices had outpaced global growth expectations sent some commodities prices and stocks lower, including Chevron & Alcoa. Bank of America Merrill Lynch downgraded Intel saying inventory levels are close to overshooting demand. A side bar charts Intel's shares saying yesterday it was the Dow's weakest component.

WSJ pC1 "Risk Aversion: Stocks Fall And a Yield Is Under Zero" by Peter A. McKay says stocks and oil prices fell while the dollar and Treasury's rose as investors shed risky bets to lock in their hefty gains as the end of the year approaches. The Dow Jones Industrial Average declined for a second day in a row after hitting a high for the year Tuesday. Some Treasury bills maturing in early 210 traded at yeilds slightly below zero as bond prices rose, a sign of strong investor demand for the safest securities.

Fin Times p28 "Energy and tech reversals take the steam out of rally" by Samantha Pearson says US stocks dropped sharply yesterday after a bleak outlook for the semiconductor industry and fears over the housing market added to concerns about the pace of economic recovery. Shares in Intel fell 4.1% after BofA Merrill Lynch downgraded it from "buy" to "neutral." A series of deals did nothing to lift market confidence. JPMorgan Chase announced a $3.4 bil deal to buy Cazenove, the UK stockborker with which it has had a jv for the past 5 years. Shares in JPMorgan, the second largest US bank by assets, lost 1.9%.

Inv. Bus. Daily pA1 "Rough Day Indicates Uptrend Coming Under Pressure" by Paul Whitfield says bulls lost a key battle Thurs. as the major indexes fell sharply in fast trading on greater volume. The current outlook is uptrend udner pressure. BofA gave a weak outlook on the chip indsutry, downgrading several tech stocks. Economic reports raised fears about the economy's recovery.

NYT pB8 "Indexes Fall as rising Dollar Lures Investors" by Javier C. Hernandez says Wall St. shares slid sharply on Thurs. as a stornger dollar lured investors away from riskier stock markets and commodities like gold and oil. Relatively bright economic reports did little to quell nervousness over the health of the braoder economy, leaving traders wondering whether the momentum behind a remarkable stretch of gains, with the major indexes touching 13 month highs this week, was sustainable.

USA Today p4B "Markets take a dip after 3 day run up" by Edward Krudy says US stocks broke 3 days of gains wed. following worrisome outlooks from 2 major software makers and a surprising drop in home construction last month. But stocks sharply cut the seesions looses just before the clsoing bell as many ivnestors pointed to a strong uptrend in equities that have pushed major indexes to 13 month highs.

Equities Mag. at p6 "Is betting against Obama a winning strategy? by Mike Turner says not since the era of Roosevel in the '30's has the US gov itnervened in the affairs of free markets and capitalism to the extent we have seen under the current administration. Regardless of whether you agree with this intervention, the fact is that these incredible events, some of them almost unthinkable just a few months ago, are significantly impacting investment strategies and profit makign opportunities. The rules of the game have changed because risk taking is no longer rewarded with successes and failures because the rule of taking too much risk causing losses is in effect for some firms and noth others.

As of the open of the market Friday, the current divisor for the Dow found at page C4 of The Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 17.90 down from Thursday's 18.06 (year ago it was 15.81), the P/E estimate is 15.82 unchanged (year ago it was 10.35) and the current dividend yield is 2.69 up from Thursday's 2.67 (it was 4.28 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1367.18 down 12.42 from Wednesday's closing Dow numerator of 1379.60. 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 12.42 for Thursday by the divisor you get the decrease in Thursday's Dow close of 93.87.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 45.57 down 0.42 from Wednesday's Dow Jones Industrial Average closing price of $45.99. The median closing price of Thursday's Dow Jones Industrial Average was $41.85 down 0.63 from Wednesday's Dow Jones median closing price of $42.48. The lowest volume Thursday was 3M MMM $77.25 -0.55 0.71% 2,527,816 NYSE and the highest volume again was Bank of Am BAC $16.08 -0.27 1.65% 158,561,486 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.
($137,970 - $136,710)

AT&T T $26.11 -0.20 0.76% 24,110,406 NYSE: WSJ pB5 "Retailers Slash Price On Palm Pizi" by Roger Cheng, Niraj Sheth says Amazon.com Inc. and Walmart Stores have slashed the price of Palm Inc.'s newest smart phone, the Pixi, by 75% to $24.99 after only a few days on the market. For Amazon, it's an indication of the flexibility that the online retailer has on the prices of its phones. In Sept., the firm held a one day sale for all AT&T cellphones, excluding the Apple Inc. iPHone, for a penny.

USA Today p1B "AT&T loses round on Verizon ads" says a fed judge in Atlanta on Wed. denied AT&T's request to force rival Verizon Wireless to pull its "There's a Map for That" ads but scheduled a Dec. 16 hearing to give the AT&T attorneys another chance to make their case.

Alcoa AA $13.22 -0.54 3.92% 31,748,398 NYSE: WSJ pC5 "Intel Tumbles 4.1%; Marathon Oil Drops" by Geofrey Rogow says US stocks fell for the 2nd session in a row on an analyst's downgrade of Intel and other chip makers, while concern that a Nov. jump in energy and metals prices had outpaced global growth expectations sent some commodities prices and stocks lower, including Chevron & Alcoa. Bank of America Merrill Lynch downgraded Intel saying inventory levels are close to overshooting demand. A side bar charts Inte'ls shares saying yesterday it was the Dow's weakest component.

American Express AXP $41.14 -0.43 1.03% 12,309,191 NYSE: USA today p1B "amEx buys Case's Revolution Money" says American experss aid it will buy payments start-up Revolution Money from America Online co-founder Steve Case's investment firm for about $300 mil.

Bank of America BAC $16.08 -0.27 1.65% 158,561,486 NYSE: Fin Times p28 "BofA pessimism knocks semiconductros" by Courtney Weaver says Infineon shares fells sharply yesterday in European markets as a negative broker report from Bank of America on the semiconductor industry offset the firm's positive 4th quarter earnings.

Fin Times p28 "Energy and tech reversals take the steam out of rally" by Samantha Pearson says US stocks dropped sharply yesterday after a bleak outlook for the semiconductor industry and fears over the housing market added to concerns about the pace of economic recovery. Shares in Intel fell 4.1% after BofA Merrill Lynch downgraded it from "buy" to "neutral." A series of deals did nothing to lift market confidence. JPMorgan Chase announced a $3.4 bil deal to buy Cazenove, the UK stockborker with which it has had a jv for the past 5 years. Shares in JPMorgan, the second largest US bank by assets, lost 1.9%.

Daily Report p4 "House challenges BofA on GC's firing" by Sue Reisinger says 3 Bank of America officials insisted before a congressional panel Tues. that the firing of its general counsel last Dec, in the middle of a giant merger and during the US financial crisis, was just ordinary corporate downsizing. Skome panel mamebers said the testimony was not believable abotu the firing of GC Tim Mayopoulos was was fired as Bofa was struggling to close its merger deal with Merrill Lynch.

Inst'l Inv. p7 "No regrests: Ken Lewis Bows to Pressure at BofA but defends big bet on Merrill Lynch' is another story about Ken Lewis' role in taking over Merrill Lynch.

Inst'l Inv. p24 "China Gains Sway In the IP Game" ranksj the global ipo's by revenues through Oct. 27, 2009 and has Morgan Stanley firstwith $184.9 bil, Bank of America Merrill Lynch 2nd at $165 bil and JPM Morgan third at $153.2 bil in global ipo revs. Same period in '08 had BofA Merrill Lynch first with $230 bil, JPM 2nd at $227.9 and Morgan Stanley was 7th at $115.2. At page 72 Inst'l Inv. ranks small firms' favorite prime brokers and has JP organ 6th and BNP Paribas first; and for big firms favorite primer bokers JPM is 7th and organ Stanley is 1st.

Boeing BA $51.43 -0.59 1.13% 3,182,564 NYSE: No mentions found.

Chevron CVX $77.34 -1.58 2% 8,861,458 NYSE: WSJ pC5 "Intel Tumbles 4.1%; Marathon Oil Drops" by Geofrey Rogow says US stocks fell for the 2nd session in a row on an analyst's downgrade of Intel and other chip makers, while concern that a Nov. jump in energy and metals prices had outpaced global growth expectations sent some commodities prices and stocks lower, including Chevron & Alcoa. Bank of America Merrill Lynch downgraded Intel saying inventory levels are close to overshooting demand. A side bar charts Inte'ls shares saying yesterday it was the Dow's weakest component.

Cisco CSCO $23.68 -0.32 1.33% 38,093,147 NASDAQ-GS: No mentions found.

Coca-Cola KO $56.88 +0.30 0.53% 9,077,169 NYSE: Fin Times p23 "Coke fizzes on the investment trail" talks about Coca-Cola coming into Belarus in 1992 where it remains one of the coutnry's most significant foreign investors. Despite the headline, the item says KO has done well in Belarus. To the English, the word "fizzes" is closer to our "sizzles" than what I thought at first when I saw the headline which was "fizzles" which would mean Coke isn't doing well in Belarus but the article, as I said, concludes Coke is kicking butt there.

Atl. Bus. Chron. p10A says KO's new recyclable plastic bottle made partially from plants called the PlantBottle is hitting store shelves. It has a goal of producing 2 bil of the special bottles by the end of 2010.

Atl. Bus. Chron. p A1 "Georgia companies piling up cash" by J. Scott Trubey says Georgia's largest firms are flush with cash as cautious CEOs build a cpaital cushion and other slook for expansion opportunites. KO was sitting on $8.8 bil as of Oct. 2, an increase of 88% from the beginning of '09. Home Depot had $3.1 bil and Home Depot had $3.1 bil as of the end of its q@ on 8/2.


Disney DIS $30.21 -0.46 1.5% 8,148,474 NYSE: No mentions found.

DuPont DD $34.6 -0.65 1.84% 5,314,144 NYSE: No mentions found.

ExxonMobil XOM $74.65 -0.62 0.82% 17,252,854 NYSE: No mentions found.

GE $15.76 -0.33 2.05%: Fin Times p26 "GE prices first western Islamic corporate bond" & WSJ pC4 "GE Enters Market For Islamd Bonds" by Joanna Slater, Kate Haywood say GE became the first major US company to sell an Islamic bond, paving the way for other Western firms to tap investors in the Mid East and elsewhere. Thurs, GE Capital sold a five year $500 million Islamic bond, or sukuk, and suggested more was to come.

WSJ pB5 "GE, Looking to Shed NBC Unit, Refocuses Its Vision" by Paul Glader says a deal for GE to merge NBC Universal with Comcast Corp.s cable chanels in a jv that would be 51% controled by Comcast could be announced next week. By ceding control of NBC Universal, CEO Jeffrey Immelt would be refocusing GE on its industrial biz and distancing himself further from some of predecessor jack Welch's initiatives. Combined with the ongoing shrinkage of GE's finance unit, the shift away from media would leve GE looking mroe like it did in early '85, before Mr. Welch bought RCA Corp. which owned NBC.

Inv. Bus. Daily pA2 "Comcast-NBC deal under attack" says Comcast's plan to buy a controlling stake in NBC Universal would give it too much market power and force competitors to consider similar acquisitions, said John malone, chairman of Liberty Media, which has a controlling stake in DriecTV. Comcast's rivals will likely press regulators to scrutinze any deal involved GE's NBC Universal unit.

Fin Times p20 "GE's bid for Areva arm poses questions fo the French" by Peggy Hollinger says GE has bid $6 bil for the power transmissiona nd distribution sub of France state controlled Areva which has sparked speculation about whether France really is ready to choose a foreign bid over a home grown buyer. GE is not only competing agaisnt Toshiba of Japan, but a French consortium of Schneider Electric and Alstom.

Hewlett-Packard HPQ $49.82 -0.66 1.31% 15,073,648 NYSE: NYT pB4 "Though Dell's Profit Slips, Its Outlook turns Brighter" by Ashlee Vance says the extent of Dell's long term structural problems came to light when NY Atty Gen'l, Andrew Cuomo, filed an antitrust lawsuit against Intel that contained numerous internal emails between Dell and Intel execs that show that as far back as '05, Dell had lost faith in the vaunted Dell business model, though publicly proclaiming that it was still tied to direct sales of computers to businesses rather than shifting to selling services. In '05, Dell started to depend more on product rebates from Intel to meet its financial figures and dell's rebates were so high becuz it remained loyal to Intel, rather than buying products from the rival chip supplier Advanced Micro Devices. Today, Dell sells fewer PCs than Hewlett-Packard and Acer. Dell also finds itself well behind HPQ in the services market and in the bid to fine tune its PC manufacturing oeprations.

Home Depot HD $27.11 -0.18 0.66% 11,302,457 NYSE: AJ pA17 "Top 10 (Georgia) public companies hang tough" by Peralte C. Paul does a snaps show of the ten Georgia public companies and says that Home Depot's outlook is that it expects total sales for the eyar to be down about 9%; for the 9 months this year its profit is $2.4 bil or $1.37 a share compared to $2.3 bil and same amount per share for the prior 9 months period, the same information is given for the following public Georgia firms: KO: profits $1.39 bil/$1.39 a share (prior year, same period $2.7 bil, $2.67 a share). KO's outlook is focused on growing curency neutral rev, expanding margisn and investing back into the biz. & expects slow recovery in consumer sentiment about the economy. Coca-Cola Enterprises had 9 mo. profit of $621 mil or $1.26 a share compared to a loss of $2.9 bil and a loss of $6.07 a share, their outlook is they raised full year earnings expectations to $1.54 to $1.57 a year.

Atl Bus. Chron. p A1 "Georgia companies piling up cash" by J. Scott Trubey says Georgia's largest firms are flush with cash as cautious CEOs build a cpaital cushion and other slook for expansion opportunites. KO was sitting on $8.8 bil as of Oct. 2, an increase of 88% fromt he beginning of '09. Home Depot had $3.1 bil and Home Depot had $3.1 bil as of the end of its q@ on 8/2.

Intel INTC $19.3 -0.82 4.08% 108,630,070 NASDAQ-GS: WSJ pC5 "Intel Tumbles 4.1%; Marathon Oil Drops" by Geofrey Rogow says US stocks fell for the 2nd session in a row on an analyst's downgrade of Intel and other chip makers, while concern that a Nov. jump in energy and metals prices had outpaced global growth expectations sent some commodities prices and stocks lower, including Chevron & Alcoa. Bank of America Merrill Lynch downgraded Intel saying inventory levels are close to overshooting demand. A side bar charts Inte'ls shares saying yesterday it was the Dow's weakest component.

Fin Times p28 "Energy and tech reversals take the steam out of rally" by Samantha Pearson says US stocks dropped sharply yesterday after a bleak outlook for the semiconductor industry and fears over the housing market added to concerns about the pace of economic recovery. Shares in Intel fell 4.1% after BofA Merrill Lynch downgraded it from "buy" to "neutral." A series of deals did nothing to lift market confidence. JPMorgan Chase announced a $3.4 bil deal to buy Cazenove, the UK stockborker with which it has had a jv for the past 5 years. Shares in JPMorgan, the second largest US bank by assets, lost 1.9%.

Inv. Bus. Daily pA4 "Dell's ig Q3 Miss And Intel Downgrade Slow Rebound Talk" by Patrick Seitz, James Detar said Dell, the no. 3 PC maker released results after the close of regular trading yesterday. Earlier in the day, 3 Wall St. analysts said they see signs of slowing chip sales and one cut his rating on Intel, citing slowing PC shipments. Dell said it earned 23 cetns a share fown from 38% a year ago and cents lower than analysts had forecast for the quarter ending 10/30.

NYT pB4 "Though Dell's Profit Slips, Its Outlook turns Brighter" by Ashlee Vance says the extent of Dell's long term structural problems came to light when NY Atty Gen'l, Andrew Cuomo, filed an antitrust lawsuit against Intel that contained numerous internal emails between Dell and Intel execs that show that as far back as '05, Dell had lost faith in the vaunted Dell business model, though publicly proclaiming that it was still tied to direct sales of computers to businesses rather than shifting to selling services. In '05, Dell started to depend more on product rebates from Intel to meet its financial figures and dell's rebates were so high becuz it remained loyal to Intel, rather than buying products from the rival chip supplier Advanced Micro Devices. Today, Dell sells fewer PCs than Hewlett-Packard and Acer. Dell also finds itself well behind HPQ in the services market and in the bid to fine tune its PC manufacturing oeprations. Also reported at AJC pA18.

IBM $127.54 -0.61 0.48% 5,308,375 NYSE: No mentions found.

J.P.Morgan Chase JPM $42.55 -0.83 1.91% 26,848,027 NYSE: IBD pA2, NYT pB7 "JPMorgan Buys the REst Of a British Bank Partner" by Julia Werdigier & WSJ pC2 "J.P. Morgan Seals Cazenove Purchase" say JPM extended tis reach in Europe on Thurs., saying it will pay $1.67 bil to buy Cazenove Group, taking control of the investment banking and brokerage joint venture it set up wtih the UK firm in '05.

Fin Times p28 "Energy and tech reversals take the steam out of rally" by Samantha Pearson says US stocks dropped sharply yesterday after a bleak outlook for the semiconductor industry and fears over the housing market added to concerns about the pace of economic recovery. Shares in Intel fell 4.1% after BofA Merrill Lynch downgraded it from "buy" to "neutral." A series of deals did nothing to lift market confidence. JPMorgan Chase announced a $3.4 bil deal to buy Cazenove, the UK stockborker with which it has had a jv for the past 5 years. Shares in JPMorgan, the second largest US bank by assets, lost 1.9%.

Related story at NYT pB2 "Cazenove's culture" which talks about how after 185 years on its own, Cazenove is movign into the House of Morgan. The Cazenove name will survive but JPMorgan may struggle to hold onto the Cazenove heritage. Their chairman, David Mayhew, is 70, and embodies the British firm's ethos.

Johnson & Johnson JNJ $62.43 +0.11 0.18% 13,293,404 NYSE: Inv. Bus. Daily pB4 "Par Pharma Wins An OK for Painkiller" says Pr Phara's bread and butter are generic durgs. Earlier this week it won marketing approval for a generic version of Johnson & Johnson's pain medication, Ultram ER.

Kraft KFT $26.97 -0.29 1.06% 8,895,648 NYSE: Fin Times p17 "Ferrero boys should be kept cool, like their products" by Paul Betts, Robin Harding says the products of Italy's Ferrero are among the best known in the world of confectionery: Tic Tacs, Nutella, Kinder Eggs, to aname a few. yet until it was mentioned in a possible role as coutnering the bid by Kraft for Cadbury, little seems to be known about Ferrero. This article describe Ferrero.

McDonald's MCD $63.41 -0.57 0.89% 5,848,220 NYSE: No mentions found.

Merck MRK $35.33 +0.19 0.54% 23,990,737 NYSE: No mentions found.

Microsoft MSFT $29.78 -0.33 1.1% 51,887,488 NASDAQ-GS: WSJ pB5 "Ballmer touts Windows 7 Sales" by Nick Wingfield says Microsoft has sold twice as many copies of Windows 7 in its first few weeks than any previous version of the oeprating system, CEO Steve Ballmer said. A photo shows CFO Chris Liddell, Chairman Bill Gages, CEO Steve Ballmer and exec Bard Smith at a table on a stage at MSFT's annual shareholder meeting where they didn't provide a specific figure for sales since the 10/22/09 release. Since the MSFT sold about 20 mil copies of Windows Vista in its first month on the market that would put initial Windows 7 sales at about 40 mil units.

WSJ pB5 "Google Outlines Chrome OS Plans" by Jessica E. Vascellaro, Scott Morrison says Google said the first devices running is new Chrome oeprating system will be available by the end of '10, as the firm gave the first public peek of software that Google hpes will drive usage of Internet apps that include its own services. Chrome OS's most obvious target is Microsoft corp., which has long dominated sales of operating systems for PCs. Google's offering has far fewer features than products like Microsoft's Windows: for one thing, it only works with Web apps, rather than programs installed ona computer. Alsor reported at AJC pA18.

Pfizer PFE $18.11 -0.08 0.44% 41,214,259 NYSE: No mentions found.

Procter & Gamble PG $62.15 -0.26 0.42% 9,183,082 NYSE: No mentions found.

3M MMM $77.25 -0.55 0.71% 2,527,816 NYSE: No mentions found.

Travelers TRV $52.68 -0.47 0.88% 4,314,974 NYSE: No mentions found.

United Technologies UTX $68.01 -0.80 1.16% 4,208,841 NYSE: No mentions found.

Verizon VZ $30.52 -0.14 0.46% 10,561,652 NYSE: Fin Times p20 "Vodafone aims to find solution over Verizon dividends split" by by Ben Fenton, Philop Stafford says the ceo fo Vodafone said that the need to solve its differences over dividend payments from its US jv Verizon Wireless was one of the most pressing items on the UK mobile phone oerpator's agenda. Speaking at the Morgan Stanley investor conference in Barcelona, Vittorio Colao said that "We need to solve the US situation." Vodafone has been furstrated by its inability to extract value from its 45% share in the JV. Its partner, Verizon communications, holds the rest and suspended dividend payments in '05, preferring to use cash flow to reduce debt, which is about $30 bil.

Walmart WMT $54.54 +0.39 0.72% 17,368,212 NYSE: WSJ pC10 "Overheard" say Walmart is driving turkey prices down as it is offering turkeys for 40 cents a pound.

WSJ pB5 "Retailers Slash Price On Palm Pizi" by Roger Cheng, Niraj Sheth says Amazon.com Inc. and Walmart Stores have slashed the price of Palm Inc.'s newest smart phone, the Pixi, by 75% to $24.99 after only a few days on the market. For Amazon, it's an indication of the flexibility that the online retailer has on the prices of its phones. In Sept., the firm held a one day sale for all AT&T cellphones, excluding the Apple Inc. iPHone, for a penny.

In a related story at Fin Times p15, US retailers turn to power of the app to target festive shoppers" by Jonathan Birchall, Raul Vazquez, ceof of Walmart.com, said the new iPhone app allowsing online purchases, which was released in Nov. and in Walmart's case is linked to its home electronics sales, had so far been downloaded more than 300,000. Retailers that have started selling online via smartphones this year include Walmart, Kmart, Victoria's Secret, Crate and Barrel, American eagle and Urban Outfitters.
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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 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.
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