11/7/09 Sat. Kraft to Launch Hostile Bid for Cadbury

This Blog is being updated.
WE CAN ALSO BE FOUND AT WWW.DOWJONESMONITOR.COM

YOUR BLOGGER WILL BE IN SWITZERLAND FOR "THINK SWISS FINANCIAL STUDY TRIP" THE WEEK OF 11/9 - 11/13 SO THIS BLOG MAY NOT BE UPDATED NEXT WEEK BUT I WILL DO MY BEST.

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

Post #200 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.

A read of Saturday's 11/7/09 print editions of: Wall St. Journal, 11/7 - 11/8 issue of Financial Times, New York Times, Atlanta Journal Constitution, 11/9/09 issue of Investor's Business Daily & 11/16/09 issue of Business Week 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 Friday at 10023.42 up 17.46 or 0.17% from Thursday's close of 10000.6. 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.

Fin Times p14 "Volatile S&P 500 ends in positive after jobs figures" by Samantha Pearson says gains by GE, Starbucks and the world's biggest video games company, Acitvision Blizzard, helped Wall St. shrug off disappointing jobs data in choppy trading yesterday. In spite of volatile trading, Wall St. has closed higher every day this week. Positive results from Cisco on Thurs. added to a rally in tech stocks, giving the Nasdaq its biggest daily gain since July. The industrials sector outperformed the market throughout the day, led by GE shares that rose 6.2% after an upgrade from Bernstein.

WSJ pB1 "Stocks Up Modestly; Gold Gains For 5th Day" by Peter A. McKay, Georfrey Rogow says stocks finished modestly higher Fri. to snap a 2 week losing streak as gains in industrial shares offset concerns about weak employment data. Gold hit yet another exchange record high. GE gained after analysts upgraded its shares, saying its financial portfolio was stabilizing.

WSJ pB3 "Starbucks Climbs On Better Outlook" by Geofrey Rogow says GE and Starbucks paced a move higher for stocks Fri. even as a report showing US unemployment broke above 10% last mnth weighedon commodities prices and kept stock gains mutued. GE gained 6.2% as it got a boost from a couple of analyst upgrades of the firm to outperform and reports of progress in GE's efforts to sell its NBC Universal unit to Comcast.

The current divisor for the Dow found at today's page B4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of market close on Friday the Dow's trailing P/E ratio is 17.38 up from Friday's 17.35 (year ago was nil), the P/E estimate is 15.57 down from Friday's 15.68 (1 year ago it was 10.50), and the dividend yield is 2.77 unchanged (a year ago it was 3.62).

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)

AT&T T $25.93 -0.01 0.04% 18,649,086 NYSE:

Alcoa AA $12.89 unch unch 19,695,328 NYSE:

American Express AXP $37.21 -0.53 1.4% 11,915,922 NYSE:

Bank of America BAC $15.05 -0.08 0.53% 151,083,653 NYSE: Bus Wk p72 "The Corner Office Or the Highway" by Jena McGregor says top execs are unapologetically quitting with no sure thing in hand in order to be a CEO and gives the example of Liam McGee departing as president of Bank of America in August.

Boeing BA $49.68 -0.09 0.18% 3,133,058 NYSE: Bus Wk p34 "Boeing's Flight From Union Labor" by Dean Foust, Justin Bachman says Boeing's decision to build a second assembly line for the 787 Dreamliner in North Charleston, S.C. was to bring the 3,800 jobs to a non-union state. The average hourly wage for aircraft assembly workers in S. Carolina is $15 compared to $26 in Washington State. Boeing has a bakclog of 840 orders for the Dreamliner. Bojeing's annual cash flow is $6.6 bil. It could take Boein 4 years from its July 2011 opening of its new plan to bring the new line up to full speed wich could push out the break even point for the 787 which boeing has hailed as a game changer for its fuel saving design. Boeing's decision to build the plant has angered the Int'l Assoc. of Machinists who could causue work slow downs.

Caterpillar CAT $57.6 -0.39 0.67% 5,633,366 NYSE:

Chevron CVX $77.53 +0.29 0.38% 7,668,152 NYSE:

Cisco CSCO $23.82 -0.1101 0.46% 36,377,923 NASDAQ-GS: Fin Times p14 "Volatile S&P 500 ends in positive after jobs figures" by Samantha Pearson says gains by GE, Starbucks and the world's biggest video games company, Acitvision Blizzard, helped Wall St. shrug off disappointing jobs data in choppy trading yesterday. In spite of volatile trading, Wall St. has closed higher every day this week. Positive results from Cisco on Thurs. added to a rally in tech stocks, giving the Nasdaq its biggest daily gain since July. The industrials sector outperformed the market throughout the day, led by GE shares that rose 6.2% after an upgrade from Bernstein.

Coca-Cola KO $54.49 +0.09 0.17% 5,323,120 NYSE:

Disney DIS $28.56 -0.44 1.52% 11,535,342 NYSE: BusWk p6 says Beijing has ok'd Disney theme park owned 43% by Dis giving it access to the 300 mil people who live within a day's travel of Shanghai and would give Dis a beachhead in China for its film, merchandise & TV businesses.

DuPont DD $33.38 unch unch 4,855,870 NYSE:

Exxon Mobil XOM $72.58 +0.08 0.11% 17,965,186 NYSE: Note: Since this article Exxon won the bid to develop Iraq's big oil field as reported in my Blog on Fri.: BW p32 "Why Big Oil Is Going Back to Iraq" by Stanley Reed says ExxonMMobil Royal Dutch Sehll, Eni andothers are bidding for a contract to develop the Zubair field near Basra which has 6 bil barrel of reserve. The big oil companies want to be in Iraq because this may be their last opportunity to get big volumes of crude.

GE $15.33 +0.90 6.24% 162,251,967 NYSE: BW p88 "Elder Care By Remote" by Arlene Weintraub says Inel's Health Guide is a device hat lets doctors monitor a patient's health remotely through a blood pressure cuff that sends vital signs to his doctor. It is the leading edge of a new tech trend called aging in place designed to help seniors stay longer at home instead of nursing homes. Aging in place equipment is installed in a person's home, monitors symptoms on the spot, and sends reports to doctors or family members in real time. As 77 mil baby boomers race toward their golden years, firms such as Intel and GE, Philips Electronics, Honeywell and Busch and many startups are getting into the aging in place market.

Fin Times p14 "Volatile S&P 500 ends in positive after jobs figures" by Samantha Pearson says gains by GE, Starbucks and the world's biggest video games company, Acitvision Blizzard, helped Wall St. shrug off disappointing jobs data in choppy trading yesterday. In spite of volatile trading, Wall St. has closed higher every day this week. Positive results from Cisco on Thurs. added to a rally in tech stocks, giving the Nasdaq its biggest daily gain since July. The industrials sector outperformed the market throughout the day, led by GE shares that rose 6.2% after an upgrade from Bernstein.

WSJ pB1 "Stocks Up Modestly; Bold ains For 5th Day" by Peter A. McKay, Georfrey Rogow says stocks finished modestly higher Fri. to snap a 2 week losing streak as gains in industrial shares offset concerns about weak employment data. Gold hit yet another exchange record high. GE gained after analysts upgraded its shares, saying its financial portfolio was stabilizing.

WSJ pB3 "Starbucks Climbs On Better Outlook" by Geofrey Rogow says GE and Starbucks paced a move higher for stocks Fri. even as a report showing US unemployment broke above 10% last mnth weighedon commodities prices and kept stock gains mutued. GE gained 6.2% as it got a boost from a couple of analyst upgrades of the firm to outperform and reports of progress in GE's efforts to sell its NBC Universal unit to Comcast.

WSJ pB10 "Media Eyes Are Still Blinded by Cable" by Martin Peers says the $28 bil valuation expected for NBC Universal in the Comcst deal implies a double digit multiple for NBCU'scable channels.

Hewlett-Packard HPQ $49.16 +0.31 0.63% 10,771,776 NYSE: Bus Wk p10 say NY AG Andrew Cuomo accused Intel of illegal conduct intended to discourage PC makers such as Dell and Hewlett-Packard from using Advanced Micro Devices chips. Intel is already apealling a $1.45 bil fine by the European Union.

Home Depot HD $26.08 +0.45 1.76% 15,002,417 NYSE:

Intel INTC $18.93 +0.04 0.21% 43,801,036 NASDAQ-GS: Bus Wk p10 say NY AG Andrew Cuomo accused Intel of illegal conduct intended to discourage PC makers such as Dell and Hewlett-Packard from using Advanced Micro Devices chips. Intel is already apealling a $1.45 bil fine by the European Union.

BW p88 "Elder Care By Remote" by Arlene Weintraub says Inel's Health Guide is a device hat lets doctors monitor a patient's health remotely through a blood pressure cuff that sends vital signs to his doctor. It is the leading edge of a new tech trend called aging in place designed to help seniors stay longer at home instead of nursing homes. Aging in place equipment is installed in a person's home, monitors symptoms on the spot, and sends reports to doctors or family members in real time. As 77 mil baby boomers race toward their golden years, firms such as Intel and GE, Philips Electronics, Honeywell and Busch and many startups are getting into the aging in place market.

IBM $123.49 +0.39 0.32% 4,919,380 NYSE:

J.P. Morgan Chase JPM $43.48 -0.39 0.89% 26,734,727 NYSE:

Johnson & Johnson JNJ $60.3 +0.32 0.53% 8,426,254 NYSE: Bus Wk p6 says JNJ said it would fire 7% of its global workforce which will save them $1.4 bil a ear from the 8,000 cut jobs. JNJ's top 2 drugs, Rispedal and Topamax, which together racked up $7 bil in annual sales, went generic over the past year.

Kraft KFT $26.78 -0.25 0.92% 11,680,497 NYSE: FT p1 "Kraft set to launch hostile bid for Cadbury" by Jenny Wiggins, Kate Burgess says Kraft is preparing to launch a hostile takeover bid for UK rival Cadbury in its attempt to create a combined global confctionery group. It will make a direct appeal to the shareholders of Britain's best known chocolae brand by late on onday when a put up or shut up deadline enforced by a panel that oversees UK takeovers expires. Kraft is weighing whtehr to formalize its existing cash and stock offer worth $16.3 bil or increase it. Cadbury's board rejected an indicative offer of this amount two months ago. A combined firm would rank as the world's biggest confectionery group with a market share of nearly 15%. Kraft has a strong presence in Europe with brands like Milka and Toblerone while Cadbury dominates the UK and markets like Australia with bars such Crunchy, Flake and Dairy Mile.

McDonald's MCD $61.69 +0.21 0.34% 10,474,451 NYSE: Bus Wk p28 by Gene Marcia says to publicize the release of Windows 7, Microsoft and Burger King's Japanese unit sold a 7 patty hamburger inJapan. Burger King has struggled for visibility in Japan after it withdrew in '01 after losing a price war with McDonald's which has 3,700 stores in Japan. BK reentered in Japan in '07.

BW p93 "McDonald's: Set to Sizzle? says MCd missed this year's stock market rally, while the Dow is up 11%, MCD's shares are off 3%. MCD is the world's largest fast food restaurant chain. MCD's stock is down from a 52 week high on Jan 6 of 64 to 61.69. An analyst, Edwin Walczak, U.S. portfolio chief of Swiss bank Vontobel says that MCD is "a bargain as McDonald's continues to innovate in its core menu and business structure." He figures that with estimated earnings of $4 a share in '09 and $4.50 - $5 in '10, it is worth 75. Using its "prodigious excess cash flow" he noes, CD has been buying back its shares.

Merck MRK $32.59 -0.12 0.37% 19,732,415 NYSE:

Microsoft MSFT $28.52 +0.05 0.18% 38,326,643 NASDAQ-GS: Bus Wk p28 says to publicize the release of Windows 7, Microsoft and Burger King's Japanese unit sold a 7 patty hamburger inJapan. Burger King has struggled for visibility in Japan after it withdrew in '01 after losing a price war with McDonald's which has 3,700 stores in Japan. BK reentered in Japan in '07.

Bus. Wk p70 "The Return of The House Call" by MMichelle Conlin says companies eager to cut health care costs may follow Microsoft's lead of allowing house calls under their medical plan for employees because it will save Microsoft 35% in lieu of the worker visiting the ER.

Pfizer PFE $16.96 -0.06 0.35% 36,005,594 NYSE:

Procter & Gamble PG $61.04 +0.57 0.94% 13,993,391 NYSE:

3M MMM $75.41 -0.05 0.07% 1,859,419 NYSE:

Travelers TRV $51.9 +1.26 2.49% 5,441,638 NYSE:

United Technologies UTX $65.07 -0.38 0.58% 3,889,231 NYSE:

Verizon VZ $29.56 +0.25 0.85% 14,894,121 NYSE: Bus Wk p100 "A Big Leap for Android and Moorola" by Stephen H. Wildstrom says Android, the heralded smarphone operating system Google unveiled 14 months ago, got off to a slow start because the early handsets were mediocre and most carriers kept their distance. Now a new version of he sofware is out and Verizon Wirelss launched the Motorola Droid which runs on this new sofware. The Droid became avilable on Nov. 6 for $199 afer rebate with a 2 year conract and is the first phone to use the improved Android 2.0. The new software includes mail, contacts and calendar features that are better than earlier versions of Android.

WalMart WMT $51.25 -0.03 0.06% 12,350,620 NYSE:
*****************************************************
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.