11/6/09 Fri. pm Dow Closes at 10023.42 up 17.46 or 0.17%

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Post #199 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 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 10023.42 up 17.46 or 0.17% from Thursday's close of 10000.6. Of the 30 Dow Companies: For the week the Dow gained 22.82 up 0.02% from last Friday's close of 9712.73. Of the Dow 30 components 14 declined, 2 were unchanged (Alcoa and DuPont) and 14 gained. The biggest gainer dollar-wise and percentage-wise was Travelers TRV $51.9 +1.26 2.49% 5,441,638 NYSE. The biggest decliner dollar-wise was American Express NYSE and percentage-wise was Home Depot HD $26.08 +0.45 1.76% 15,002,417 NYSE.

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 Friday the Dow's trailing P/E ratio is 17.35 up from Thursday's 16.84 (year ago was nil), the P/E estimate is 15.68 unchanged (1 year ago it was 10.97), and the dividend yield is 2.77 down from Thursday's 2.83 (a year ago it was 3.53).

Friday's Dow Jones Industrial Average closing numerator was 1326.29 up 2.97 from Thursday's closing Dow numerator of 1323.32. 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 2.97 for Friday by the divisor you get the increase in today's Friday's Dow close.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 44.21 down 0.10 from Thursday's Dow Jones Industrial Average closing price of $44.11. The median closing price of Friday's Dow Jones Industrial Average was $40.35 down 0.44 from Thurday's Dow Jones median closing price of $40.79. The lowest volume Thursday was 3M MMM $75.41 -0.05 0.07% 1,859,419 NYSE and the highest volume again was Bank of Am BAC $15.05 -0.08 0.53% 151,083,653 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 $300.
($132,630 - $132,330)

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

T $25.93 -0.01 0.04% 18,649,086 NYSE
AA $12.89 unch unch 19,695,328 NYSE
AXP $37.21 -0.53 1.4% 11,915,922 NYSE
BAC $15.05 -0.08 0.53% 151,083,653 NYSE
BA $49.68 -0.09 0.18% 3,133,058 NYSE
CAT $57.6 -0.39 0.67% 5,633,366 NYSE
CVX $77.53 +0.29 0.38% 7,668,152 NYSE
CSCO $23.82 -0.1101 0.46% 36,377,923 NASDAQ-GS
KO $54.49 +0.09 0.17% 5,323,120 NYSE
DIS $28.56 -0.44 1.52% 11,535,342 NYSE
DD $33.38 unch unch 4,855,870 NYSE
XOM $72.58 +0.08 0.11% 17,965,186 NYSE
GE $15.33 +0.90 6.24% 162,251,967 NYSE
HPQ $49.16 +0.31 0.63% 10,771,776 NYSE
HD $26.08 +0.45 1.76% 15,002,417 NYSE
INTC $18.93 +0.04 0.21% 43,801,036 NASDAQ-GS
IBM $123.49 +0.39 0.32% 4,919,380 NYSE
JPM $43.48 -0.39 0.89% 26,734,727 NYSE
JNJ $60.3 +0.32 0.53% 8,426,254 NYSE
KFT $26.78 -0.25 0.92% 11,680,497 NYSE
MCD $61.69 +0.21 0.34% 10,474,451 NYSE
MRK $32.59 -0.12 0.37% 19,732,415 NYSE
MSFT $28.52 +0.05 0.18% 38,326,643 NASDAQ-GS
PFE $16.96 -0.06 0.35% 36,005,594 NYSE
PG $61.04 +0.57 0.94% 13,993,391 NYSE
MMM $75.41 -0.05 0.07% 1,859,419 NYSE
TRV $51.9 +1.26 2.49% 5,441,638 NYSE
UTX $65.07 -0.38 0.58% 3,889,231 NYSE
VZ $29.56 +0.25 0.85% 14,894,121 NYSE
WMT $51.25 -0.03 0.06% 12,350,620 NYSE
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A read of Friday's 11/6/09 print editions of: Wall St. Journal, Financial Times, New York Times, Atlanta Journal Constitution, Fulton Daily Report (Bloomberg), & 11/6/09 -11/12/09 issue of Atlanta Business Chronice 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 Thursday at 10000.96 up 203.82 or 2.08% from Wedneday's close of 9802.14. Of the 30 Dow Companies: All 30 gained. The biggest gainer dollar-wise was United Technologies UTX $65.5 +1.92 3.02% 3,271,499 NYSE and percentage-wise was American Express AXP $37.76 +1.80 5.01% 12,870,734 NYSE.

WSJ pC1 "Looking Up: Dow at 10000 Again" by Peter A. McKay, Geoffrey Rogow says stocks surged on renewed optimism about the economy sending the Dow Jones Industrial Average back above 10000 with its biggest gain in more than 3 months. The large move is becoming common for the blue-chip benchmark as investors swing alternatively from optimism to pessismism about the state of the econlmy. The Dow's 11 triple digit moves since the beginning of Oct. compare with just 3 in Sept & 5 in Aug. The rally began after the latest report of weekly jobless claims showed a decline, sparking hopes fo the Oct. employment report due Fri morning. Stocks also were boosted from the fed. res's Wed. announcement that it will keep interest rates law and from comments about the outlook for tech spending and the economy Wed for Cisco's CEO John Chambers.

WSJ pC6 "On a Dow 10000 Day, AmEx Advances 5%" by Geoffre rogow says an improving sign in the labor market and rising Oct. retail sales gave life to consumer stocks Thurs, with Walt disney and American Express elading the Dow Jones Industrial Average back above 10000. tech also was strong with Cisco posting a 19% decline in profits, but still coming in above Wall St. expectations as its CEO John Chambers provided upbeat remakrs about the outlook for tech spending.

Fin Times p24 "Upbeat data on jobs and productivity encourage investors" by Samantha Pearson says US stocks stormed ahead yesterday following upbeat jobs data and a surprise jump in productivity as firms fought to boost output in the recession. The Labor Dept. said nonfarm productivity surged to annual rate of 9.5% during 3Q, the quickest pace since '03. The number of americans filing fresh claims for unemployment benefits also dropped last week to 512,000 from 532,000 the previous week. Cisco was up 2.8%.

NYT pB7 "Dow Soars Past 10,000 as New Unemployment Claism Fall" by AP says a drop in unemployment claims and an upbeat forecast from Cisco Ssytems gave investors a jolt of confidence on Thurs, a day before an important gov report on jobs.

IBD pB3 "Stocks Get A Lift But Turnover Lags; Aeropostale Dives" by Donald H. Gold says stocks logged solid gains on Thurs. but volume failed to keep up with the prior session's pace.

USA Today "Dow vaults past 10,000 mark again" by Ap says more better than expected news on the economy ignited a powerful rally thrus. that sent the Dow Jones indsutrials back above 10,000 for the first time in 2 week.

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 Friday the Dow's trailing P/E ratio is 17.35 up from Thursday's 16.84 (year ago was nil), the P/E estimate is 15.68 unchanged (1 year ago it was 10.97), and the dividend yield is 2.77 down from Thursday's 2.83 (a year ago it was 3.53).

Thursday's Dow Jones Industrial Average closing numerator was 1323.32 up 26.31from Wednesday's closing Dow numerator of 1297.01. 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 26.31 for Thursday by the divisor you get the increase Thursday's Dow close.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 44.11 up 0.88 from Wednesday's Dow Jones Industrial Average closing price of $43.23. The median closing price of Thursday's Dow Jones Industrial Average was $40.79 up $2.40 from Wednesday's Dow Jones median closing price of $38.39. The lowest volume Wednesday was 3M MMM $75.39 +1.32 1.78% 2,777,890NYSE and the highest volume again was Bank of Am BAC $15.09 +0.39 2.65% 140,800,340 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 made $2,640.
($132330 - $129,690)

AT&T T $25.92 +0.39 1.53% 17,825,521 NYSE: No mentions found.

Alcoa AA $12.87 +0.36 2.88% 17,056,306 NYSE: No mentions found.

American Express AXP $37.76 +1.80 5.01% 12,870,734 NYSE: No mentions found.

Bank of America BAC $15.09 +0.39 2.65% 140,800,340 NYSE: WSJ pC2 "Evergrande Jumps on Debut" by Amy Or says Chinese property developer Evergrande Real Estate Group Ltd. raised $722 mil in its ipo which rose 34% on its first day of trade in Hong Kong Thurs. bucking a recent trend in real estate IPOs. The underwriters were BOC Int'l Holdings, a unit of Bank of China, Bank of America's Merrill Lynch, Credit Suisse & Goldman Sachs. In a story at WSJ pC3 by Lynn Cowan it says the IPOs of Hyatt and Ancestry.com both rallied and that BofA's Merrill and Morgan Stanely wre the underwriters for Ancestry.com.

Boeing BA $49.73 +1.66 3.45% 4,383,334 NYSE: No mentions found.

Caterpillar CAT $57.9317 +1.7117 3.04% 5,923,672 NYSE: No mentions found.

Chevron CVX $77.12 +0.84 1.1% 7,765,905 NYSE: No mentions found.

Cisco CSCO $23.9301 +0.6401 2.75% 85,725,717 NASDAQ-GS: WSJ pC1 "Looking Up: Dow at 10000 Again" by Peter A. McKay, Geoffrey Rogow says stocks surged on renewed optimism about the economy sending the Dow Jones Industrial Average back above 10000 with its biggest gain in more than 3 months. The large move is becoming common for the blue-chip benchmark as investors swing alternatively from optimism to pessismism about the state of the econlmy. The Dow's 11 triple digit moves since the beginning of Oct. compare with just 3 in Sept & 5 in Aug. The rally began after the latest report of weekly jobless claims showed a decline, sparking hopes fo the Oct. employment report due Fri morning. Stocks also were boosted from the fed. res's Wed. announcement that it will keep interest rates law and from comments about the outlook for tech spending and the economy Wed for Cisco's CEO John Chambers.

Coca-Cola KO $54.33 +0.84 1.57% 6,967,558 NYSE: No mentions found.

Disney DIS $29.04 +1.01 3.6% 10,640,727 NYSE: No mentions found.

DuPont DD $33.31 +1.12 3.48% 5,711,631 NYSE: No mentions found.

ExxonMobil XOM $72.38 +1.08 1.51% 13,933,531 NYSE: WSJ pB1 "Exxon Group Wins Iraq Oil Contract" by Gina Chon, Russell Gold says the Iraqi Oil Ministry has awarded an Exxon Mobil consortium the right to develop one of the world's largest oil fields, marking the first time an American-led group has been allowed into the Iraqi oil patch since US invaded Iraq. Exxon and Royal Dutch Shell will develop the giant West Qurna-1 oil field in southern Ira and they beat out two other consortia, one led by Russia's Lukoil that included ConocoPhillips and the other led by China Nat'l Petoleum.

Also reported at Fin Times p5 by Carola Hoyos.

WSJ pC14 "Big Oil Isn't the Only Game in Town" by Liam Denning says ten years ago at a combined $664 bil the big 3 supermajors were Exxon Mobil, BP and Royal Dutch Shell and they accounted for half of the market cap of the global listed oil and gas sector. The landscape has significantly changed. Exxon, BP and Shell are still big, valued at a combined $714 bil but Exxon apart, the supermajor tag looks superfluous with PetroChina, not even listed a decade ago, is now being worth more than BP or Shell. Taking the Dow Jones Oil & GAS TSM idnex as a proxy for the industry, its total market value has more than tripled in the past decade to almost $4.8 trillion. The supermajors are now less than one-sixth of that. Oil field services firms which provide equipment and data to the majors have gotten larger with Schlumberger doubling in value since '99 and is the same value as ConocoPhillips, the No. 3 US oil major.

GE $14.42 +0.23 1.62% 64,473,364 NYSE: WSJ pC14 "Overheard" says Jeffrey Immelt CEO of Ge and Brian Roberts CEO of Comcast who are locked in talks over NBC Universal were at the Quadrangle Group media conference that included Verion's CEO Ivan Seidenberg. Immelt wouldn't discus the deal but joked that at least he showed up.

WSJ pB4 by Sam Schechner, Jeffrey McCracken report that Scripps Networks Interactive won the bidding for Cox communications Travel Channel in a deal to congtrol one of a dwindling number of stand alone US cable networks. The deal in some ways resembles the one GE is working on to sell control of the NBC Universal and movie company to Comcast becasue in both transactions, the acquirer is putting a limited amount of cash into a jv, which takes on debt to buy out part of the existing owenrship. In the NBC Unviersal, deal, comcast would additionally contribure its cable network assets to create an enormous tv and movie copany. Initially, Comcast would own 5% of the entity and GE the rest.

Hewlett-Packard HPQ $48.82 +1.06 2.22% 10,051,125 NYSE: No mentions found.

Home Depot HD $25.63 +0.67 2.68% 14,048,128 NYSE: No mentions found.

Intel INTC $18.89 +0.30 1.61% 64,692,602 NASDAQ-GS: FLin Times p8 "Editorial - Intel in trouble" applauds NY AG Andrew Cuomo's charges against Intel saying the pricing discoutns that Intel gave to large volume customers are often predatory and chould be stopped.

IBM $122.93 +1.64 1.35% 6,068,579 NYSE: No mentions found.

J.P.Morgan Chase JPM $43.81 +1.60 3.79% 27,679,262 NYSE: WSJ pB3 says a jduge cleared the way for Lear corp to exit bankrutpcy court protection by approving a restructuring plan that will hand over ownership to its lenders led by JP Morgan Chase.

Daily Reprot p6 "SEC: JPMorgan's Ala. swaps provided payoffs" by Bloomberg's Martin Z. Braun, William Selway says Jefferson County, Ala. was a money mill to JPMorgan as politicians refinanced $3 bil of debt with a combination of floating rate bonds and interest rate swaps that last year pushed it toward bankruptcy. According to the SEC, JPMorgan's muni derivatives unit banks from '01 to '08 paid more than $8 mil to politically connected firms to secure its role in the deals. On Wed, JPMorgan agreed to a $722 mil settlement with the SEC that includes forging $647 mil in feees in which the country faced to unwind the derivate deals. JPMorgan neitehr admitted nor denied wrongdoing.

Johnson & Johnson JNJ $59.95 +0.43 0.72% 7,797,915 NYSE: No mentions found.

Kraft KFT $26.98 +0.31 1.16% 10,630,466 NYSE: Fin Times p12 "Kraft/Cadbury says by Mon, Kraft must bid for British Cadbury or walk away for at least 6 months. Kraft's poor 3Q results shows why it wants Cadbury becuz Kraft is a lumbering conglomerate, struggling to grow sales and is in danger of falling victim to the consumer goods company curse of perpetual restructuring.

McDonald's MCD $61.37 +1.08 1.79% 10,137,216 NYSE: No mentions found.

Merck MRK $32.73 +0.09 0.28% 19,175,093 NYSE: No mentions found.

Microsoft MSFT $28.47 +0.41 1.46% 50,741,488 NASDAQ-GS: WSJ pB4 "Windows 7 Is Strong, But PC Lift Unclear" by Nick Wingfield says consumers snapped up copies of Microsoft's enw Windows 7 oeprating system during its first week on store shelves, though it's too soon to tell to what extent the software will ignire sales of PCs.

Pfizer PFE $17 +0.07 0.41% 50,131,741 NYSE: No mentions found.

Procter & Gamble PG $60.46 +1.43 2.42% 14,079,486 NYSE: No mentions found.

3M MMM $75.39 +1.32 1.78% 2,777,890 NYSE: No mentions found.

Travelers TRV $50.69 +0.53 1.06% 3,689,885 NYSE: No mentions found.

United Technologies UTX $65.5 +1.92 3.02% 3,271,499 NYSE: No mentions found.

Verizon VZ $29.31 +0.21 0.72% 12,604,327 NYSE: WSJ pC14 "Overheard" says Jeffrey Immelt CEO of Ge and Brian Roberts CEO of Comcast who are locked in talks over NBC Universal were at the Quadrangle Group media conference that included Verion's CEO Ivan Seidenberg. Immelt wouldn't discus the deal but joked that at least he showed up.

Wal-Mart WMT $51.2899 +0.9099 1.81% 16,017,059 NYSE: WSJ pB1 "Online Price War Moves to DVDs As Discoutners Compete for Sales" by Miguel Bustillo, Ann Zimmerman says Walmart extended its holiday price war into new territory Thurs. by slashing online prices on 10 hotly anticipated DVDs, including Star Trek and Harry Potter to $10. Amazon.com and Target then matched but WalMart then lowered its price by a penny to $9.99.
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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]
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.