11/27.09 Fri. pm Dow Closes 10,309.92 down 154.48 or 1.48%

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Post #233 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 10309.92 down 154.48 or 1.48 from Thursday's close of 10,464.4. For the week, the Dow was down 8.24 from last Friday's Dow close of 10,318.16. Of the 30 Dow Companies: all 30 declined. The biggest decliner dollar-wise was Exxon Mobil XOM $74.87 -1.60 2.09% 12,104,768 NYSE and percentage-wise was BAC $15.47 -0.48 3.01% 96,686,916 NYSE.

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 18.15 up from Thursday's 17.87 (year ago it was 18.26) the P/E estimate is 16.04 unchanged (year ago it was 10.27) and the current dividend yield is 2.66 down from Thursday's 2.70 (it was 3.62 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1364.20 down 20.44 from Thursday's closing Dow numerator of 1384.64. 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 20.44 for Friday by the divisor you get the decrease in Friday's Dow close of 154.48.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 45.47 down 0.70 from Thursday's Dow Jones Industrial Average closing price of $46.17. The median closing price of Friday's Dow Jones Industrial Average was $41.09. The lowest volume Friday was again 3M MMM $76.75 -1.16 1.49% 1,865,886 NYSE NYSE and the highest volume again was Bank of Am BAC $15.47 -0.48 3.01% 96,686,916 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $2,100. $ ($138,510 -$136,410).

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

AT&T T $26.99 -0.09 0.33% 16,259,375 NYSE
Alcoa AA $12.66 -0.34 2.62% 15,557,325 NYSE
American ExpressAXP $40.84 -0.88 2.11% 6,004,141 NYSE
Bank of America BAC $15.47 -0.48 3.01% 96,686,916 NYSE
Boeing BA $52.45 -0.48 0.91% 3,281,352 NYSE
Caterpillar CAT $57.45 -1.59 2.69% 5,189,444 NYSE
Chevron CVX $78.17 -1.47 1.85% 5,649,677 NYSE
Cisco CSCO $23.38 -0.36 1.52% 21,773,858 NASDAQ-GS
Coca-Cola KO $57.18 -0.93 1.6% 7,837,689 NYSE
Disney DIS $30.35 -0.26 0.85% 5,688,000 NYSE
DuPont DD $34.4 -0.75 2.13% 2,594,556 NYSE
ExxonMobil XOM $74.87 -1.60 2.09% 12,104,768 NYSE
GE $15.94 -0.24 1.48% 60,916,051 NYSE
Hewlett-Packard HPQ $49.07 -0.98 1.96% 9,948,935 NYSE
Home Depot HD $27.61- 0.24 0.86% 7,517,737 NYSE
Intel INTC $19.11 -0.23 1.19% 35,747,431 NASDAQ-GS
IBM $125.7 -1.58 1.24% 3,319,189 NYSE
J.P.Morgan Chase JPM $41.33- 0.83 1.97% 26,230,027 NYSE
Johnson & Johnson JNJ $62.89 -0.41 0.65% 6,080,942 NYSE
Kraft KFT $26.64 -0.16 0.6% 4,468,515 NYSE
McDonald's MCD $63.6 -0.85 1.32% 3,557,849 NYSE
Merck MRK $36.29 -0.28 0.77% 8,971,830 NYSE
Microsoft MSFT $29.22 -0.57 1.91% 29,357,742 NASDAQ-GS
Pfe PFE $18.25 -0.34 1.83% 22,830,294 NYSE
Procter & Gamble PG $62.48 -0.39 0.62% 6,195,459 NYSE
3M MMM $76.75 -1.16 1.49% 1,865,886 NYSE
Travelers TRV $51.65 -1.11 2.1% 2,433,045 NYSE
United Technologies UTX $67.2 -1.11 1.62% 2,598,992 NYSE
VerizonVZ $31.63 -0.40 1.25% 8,551,812 NYSE
WalMart WMT $54.63 -0.33 0.6% 7,528,648 NYSE
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The following is from Friday morning's Blog:

Today's read of the print edition of The Wall Street Journal, Financial Times, USA Today & The New York Times 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 Wednesday's closing price and related data:

Dow:: The Dow Jones Industrial Average closed Wednesday at 10464.4 up 30.69 or 0.29% from Tuesday's close of 10,433.71. Of the 30 Dow Companies: 10 declined, 1 was unchanged and 19 gained. The biggest gainer dollar-wise was Caterpillar CAT $59.04 +1.04 1.79% 6,234,686 NYSE and percentage-wise was Boeing BA $52.93 +0.96 1.85% 3,019,355 NYSE. The biggest decliner dollar-wise and percentage-wise was Kraft KFT $26.8 -0.42 1.54% 9,780,952 NYSE.

WSJ pC3 "Disney, Caterpillar Pace Dow's Gains" by Donna Kardos Yesalavich" says stocks rose Wed. pusing the Dow Jones Industrial Average to a 13 month high as better than expected data on concerms, housing and manufacturing boosted sentiment for consumer stocks including Walt Disney and Home Depot and industrial giant Caterpillar.

Fin Times p24 "Slide in trding volumes puts focus on pace of rally" by Samantha Perason says US stocks have surged mroe than 60% since their March lows, but trading volumes have dwindled, raising questions about whether the rally is sustainable. March has proved to be the busiest month for the NYSE so far this year, with about 40 bil shares being traded.

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 18.15 up from Wednesday's 17.87 (year ago it was 18.26) the P/E estimate is 16.04 unchanged (year ago it was 10.27) and the current dividend yield is 2.66 down from Wednesday's 2.70 (it was 3.62 a year ago).

AT&T T $27.08 -0.02 0.07% 20,842,171 NYSE: No mentions found.

Alcoa AA $13 +0.08 0.62% 18,182,746 NYSE: No mentions found.

American Express AXP $41.72 +0.28 0.68% 7,078,444 NYSE: No mentions found.

Bank of America BAC $15.95 -0.15 0.93% 97,078,835 NYSE: WSJ pC1 "Wall St. Reopens Its Checkbook" by Assron Lucchetti, Jeffrey McCracken says JP Morgan Chase is ponying up $2.85 bil in financing to Denbury Resources as part of its takeover of Encore Acquisiton. Involved in the Kraft/Cadbury/Hershey deal is JP Morgan and BofA Merrill Lynch who have told Hershey they could provide %5 bilapiece in financing if Hershey wants to bid $17 bil for Cadbury.

Boeing BA $52.93 +0.96 1.85% 3,019,355 NYSE: No mentions found.

Caterpillar CAT $59.04 +1.04 1.79% 6,234,686 NYSE: WSJ pC3 "Disney, Caterpillar Pace Dow's Gains" by Donna Kardos Yesalavich" says stocks rose Wed. pusing the Dow Jones Industrial Average to a 13 month high as better than expected data on concerms, housing and manufacturing boosted sentiment for consumer stocks including Walt Disney and Home Depot and industrial giant Caterpillar.

Chevron CVX $79.64 +0.61 0.77% 7,537,939 NYSE: No mentions found.

Cisco CSCO $23.74 unch unch 27,050,331 NASDAQ-GS: No mentions found.

Coca-Cola KO $58.11 -0.08 0.14% 6,683,560 NYSE: No mentions found.

Disney DIS $30.61 +0.38 1.26% 10,269,599 NYSE: WSJ pC3 "Disney, Caterpillar Pace Dow's Gains" by Donna Kardos Yesalavich" says stocks rose Wed. pusing the Dow Jones Industrial Average to a 13 month high as better than expected data on concerms, housing and manufacturing boosted sentiment for consumer stocks including Walt Disney and Home Depot and industrial giant Caterpillar.

Dupont DD $35.15 +0.48 1.38% 3,946,648 NYSE: No mentions found.

ExxonMobil XOM $76.47 +0.50 0.66% 13,255,550 NYSE: No mentions found.

GE $16.18 +0.06 0.37% 48,108,601 NYSE: WSJ pB3 "GE Tries to Spped vivendi Talks" by Max Colchester, Sam Schechner, Jeffrey McCracken says GE CEO Jeffrey Immelt was in Paris trying to accelerate negotiations to acquires Vivendi's 20% interest in NBC Universal. GE has already ironed a deal to give cable firm Comcast Corp. control over NBC Universal but the deal hinges on Vivendi's selling its stake to GE.

Fin Times p18 "GE chief steps up push for Areva unit" by Peggy Hollinger says Jeffrey Immelt, GE's ceo made a last ditch bid to bolster GE's chance in the 3 way race to acquire the transmission and distribution arm of French state owned nuclear group, Avera, as political pressure mounted for a domestic solution. Immelt visited 2 of French Pres. Nicolas Sakozy's closest advisers on Wed hoping to convince thenm of the merits of GE's $6 bil offer for the world's third largest T&D firm.

Hewlett-Packard HPQ $50.05 -0.14 0.28% 12,738,854 NYSE: No mentions found.

Home Depot HD $27.85 +0.29 1.05% 11,446,514 NYSE: WSJ pC3 "Disney, Caterpillar Pace Dow's Gains" by Donna Kardos Yesalavich" says stocks rose Wed. pusing the Dow Jones Industrial Average to a 13 month high as better than expected data on concerms, housing and manufacturing boosted sentiment for consumer stocks including Walt Disney and Home Depot as well as industrial giant Caterpillar.

Intel INTC $19.34 -0.05 0.26% 46,670,864 NASDAQ-GS: No mentions found.

IBM $127.28 -0.65 0.51% 3,963,989 NYSE: No mentions found.

J.P.Morgan Chase JPM $42.16 -0.32 0.75% 26,105,464 NYSE: WSJ pC9 "JPMorgan Fund Digs For Value in the Rough" by Matthias Rieker says Christopher Blum wwo runs JP Morgan Intrepid Value Fund uses a mix of quantitative and behavioral straegies to sort out unverdvalued stocks that investors shun because they act irrational or overlook opportunities forr short term gains. He is chief investment officer of the US behavioral finance group at JM Morgan Funds and maanges a group of funds that aim to leave Wall St.'s herd mentality behind.

WSJ pC1 "Wall St. Reopens Its Checkbook" by Assron Lucchetti, Jeffrey McCracken says JP Morgan Chase is ponying up $2.85 bil in financing to Denbury Resources as part of its takeover of Encore Acquisiton. Involved in the Kraft/Cadbury/Hershey deal is JP Morgan and BofA Merrill Lynch who have told Hershey they could provide %5 bilapiece in financing if Hershey wants to bid $17 bil for Cadbury.

Johnson & Johnson JNJ $63.3 +0.12 0.19% 7,167,593 NYSE: No mentions found.

Kraft KFT $26.8 -0.42 1.54% 9,780,952 NYSE: WSJ pB3 "Hershey Trust Seeks Cadbury-Bid Blessing" by Jeffrey McCracken, Ilan Brat says seeking to avoid pollitical issues that sidelined previous merger efforts, the trust overseeing Hershey has sought the blessing of the Pa. atty gen'l for a potential $17 bil bid for Cadbury. AG Tom Corbett, a Republican who is running for gov. has yet to tell the Hershey Trust Co. what he things. Under Pa. law, the state atty gen'l has broad powers to regulate charitable trusts in the state, a law that has been interpreted to allow him to blow the sale of Hershey or other deals that would threaten the trust's control of Hershey. Kraft has made a hostile $16.4 bil bid for Cadbury.

McDonald's MCD $64.45 +0.23 0.36% 7,598,964 NYSE: No mentions found.

Merck MRK $36.57 +0.35 0.97% 11,147,952 NYSE: No mentions found.

Microsoft MSFT $29.79 -0.12 0.4% 32,011,135 NASDAQ-GS: WSJ pB1 "Videogame Sales Running Out of Gas Ahead of Holiday" b y Uukari Iwatani Kane, Miguel Bustillo says recent excitement over a few select videogame titles masks concern that gamers won't be able to rescue reailers this Xmas. The poor showing comes even as the videogame industry has taken steps to prevent a weak holiday season. Sony and Microsoft recently cut the prices on models of their Playstation 3 and Xbox 360 gaming consoles by $100 to $299.99 Walmart, Amazon and Toys R US are offering a $20 gift card to those who preordered "Modern Warfare 2."

Pfizer PFE $18.59 +0.28 1.53% 42,086,456 NYSE: No mentions found.

Procter & Gamble PG $62.87 +0.07 0.11% 8,226,881 NYSE: No mentions found.

3M MMM $77.91 +0.30 0.39% 1,937,115 NYSE: No mentions found.

Travelers TRV $52.76 -0.33 0.62% 2,873,242 NYSE: No mentions found.

United Technologies UTX $68.31 +0.04 0.06% 2,721,191 NYSE: No mentions found.

Verizon VZ $32.03 +0.16 0.5% 16,409,241 NYSE: No mentions found.

Walmart WMT $54.96 +0.11 0.2% 9,056,794 NYSE: WSJ pB1 "Retailers Shift Discount Focus Online" by Miguel Bustillo says maajor retailers including Target, JC Penney, and Best Buy are cranining up promotions to avoid a slump after Black Friday and keep custoemrs shopping through what promises to be a difficult season. The proliferation of online specials before Black Friday, which also included special one day deals from WalMart underscores retailers' anxiety at forecasts this holiday season could be the second year in a row of declining sales.

WSJ pB1 "Videogame Sales Running Out of Gas Ahead of Holiday" b y Uukari Iwatani Kane, Miguel Bustillo says recent excitement over a few select videogame titles masks concern that gamers won't be able to rescue reailers this Xmas. The poor showing comes even as the videogame industry has taken steps to prevent a weak holiday season. Sony and Microsoft recently cut the prices on models of their Playstation 3 and Xbox 360 gaming consoles by $100 to $299.99 Walmart, Amazon and Toys R US are offering a $20 gift card to those who preordered "Modern Warfare 2."

Related story at Fin Times p1 "Retailers turn to social media to promote Black Friday deals" by Jonathan Birchall says retailers such as discounters Target and Walmart have used Facebook pages to publish doorbust and early bid deals traditionally announced in newspaper ad inserts on Thanksgiving.
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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.