12/7/09 Mon. am Boeing's 787 Could Test Flight Next Week

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Post #248 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 11/30/09 and an update of the Dow 30's most recent SEC filings as of 11/30/09.

A read of Monday's 12/7/09 print editions of: Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, & Daily Report (Ga) 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 Friday's closing price and related data:

The Dow Jones Industrial Average closed Friday at 10,388.14 up 21.9 or 0.21% from Thursday's close of 10,366.15. Year to date the Dow is up 18.37%. For the week the Dow was up 78.22 or .76. Of the 30 Dow Companies: 21 gained and 9 declined. The biggest decliner dollar-wise and percentage-wise was DuPont DD $32.3289 -2.5011 7.18% 25,027,389 NYSE. The biggest gainer dollar-wise was 3M MMM $78.24 +1.09 1.41% 4,366,365 NYSE and percentage-wise was United Technologies UTX $68.32 +1.06 1.58% 4,380,830 NYSE.

As of the open of the market Monday, the current divisor for the Dow found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 18.02 up from Fri. morning's 17.98 (year ago it was 18.03) the P/E estimate is 16.05 down from Fri.'s 16.17 (year ago it was 9.93) and the current dividend yield is 2.67 unchanged from Fri. morning's 2.67 (it was 3.63 a year ago).

AT&T T $27.57 +0.05 0.18% 29,679,123 NYSE: NYT pB4 "Still Waiting for Hewlett-Packard To Make a Splash in Smartphones" by Ashlee Vance says lost in the smartphone advertising wars among Apple, Verizon, AT&T and Google is the iPaq Glisten, Hewlett-Packard's latest mobile device, which appeared at the end of Nov. The iPaq product line, which originated under Compaq Computer has struggled to receive much attention since HP acquired Compaq. It is good handling email but is otherwise outclassed by rival products. The biggest features of the Glisten, which runs Microsoft's Window Mobile 6.5, are a physical keyboard and minor elements like consolidated contract lists.

Alcoa AA $12.97 -0.30 2.26% 45,351,691 NYSE: Fin Times p18 "Alcoa head says weak dollar is bad for US industry" by Richard Milne, William MacNamara, Peter Marsh says Klaus Kelnfeld, ceo of Alcoa said he told officials in DC that the rapid decline in the dollar had him and other ceos worried. Most US manufacturing firms have a large manufacturing base today outside of the US. Kleinfeld, former ceo of Siemens said his sales are in dollars but his costs are in local currencies.

Fin Times p12 "metals man has a need to shine" by Peter Marsh, Richard Milne, William MacNamara interviews Alcoa's CEO Klaus Kleinfeld and has a large photo of him scowling. The nine months of '09 showed a net loss of $874 mil for Alcoa compared with net income of $1.1 bil in the same period in '08. Since '07, Alcoa has been forced to cut almost half its workforce, a total of 53,000 jobs.

American Express AXP $39.29 +0.42 1.08% 19,107,709 NYSE: No mentions found.

Bank of America BAC $16.17 +0.41 2.6% 1,006,543,976 NYSE: NYT pB3 says BofA's board will meet in Charlotte on Tues. to discuss hiring a successor to outgoing CEO, Ken Lewis.

WSJ pA2 "Estimated TARP Cost Is Cut by $200 Bil" by Deborah Solomon says the Obama admin plans to cut the projected long term cost of the Troubled Asset Relief Program by more than $200 bil in a move that could smooth the way for the introduction of a new jobs program. Banks have already repaid the Treasury about $70 bil and Bank of America has said it will return its $45 bil investment as early as this week.

Fin Times pA1 Headline: "Citigroup issues plea over Tarp repayment" by Francesco Guerrera says Citigroup is racing against the clock to convince US officials that it be allowed to repay $20 bil of bailout funds, with regulators arguing that unless the bank acts in the next 10 days it will have to wait for more than a month. Citi's need to pay back the Tarp funds has been heightened by last week's surprise announcement that Bank of America had raised $19.3 bil to repay $45 bil leaving only Citi and Wells Fargo as the only two big banks that have yet to repay Tarp.

Boeing BA $54.65 +0.88 1.64% 5,280,461 NYSE: WSJ pB1 "Long Overdue, Boeing Dreamliner Taxis Toward Its First Test Flight" by Peer Sanders says after more than 2 years of delay, Boeing Co.'s 787 Dreamliner could make its first test flight as early as next week. Once it takes off from its factory in Everett, Wash, BA faces another high stakes test: From the moment the Dreamliner is airborne through roughly the next 12 months, Boeing will race the clock to test the new aircraft in high altitudes, subzero temperatures, desert heat and emergency scenarios. Boeing still needs FAA certification before it delivers the first one to All Nippon Airways in the 4th quarter of next year. The original delivery data was May of '08.

Caterpillar CAT $58.27 +0.07 0.12% 10,080,164 NYSE: No mentions found.

Chevron CVX $78.04 +0.08 0.1% 8,781,330 NYSE: WSJ pB3 says Chevron said Sat. it has a prelim. agreement to sell liquefied natural gas from its Wheatstone project offshore Australia to Japan, the latest in a string of energy supply deals. The agreement is with Tokyo Electric Power known as Tepco to deliver 4.1 mil metric tons of LNG annually for as many as 20 years, which is equal to more than 20% of Tepco's annual consumption of LNG.

Cisco CSCO $24.16 +0.33 1.38% 49,087,897 NASDAQ-GS: No mentions found.

Coca-Cola KO $57.41 +0.14 0.24% 12,008,903 NYSE: No mentions found.

Disney DIS $30.84 +0.51 1.68% 13,720,451 NYSE: No mentions found.

DuPont DD $32.3289 -2.5011 7.18% 25,027,389 NYSE: No mentions found.

ExxonMobil XOM $74.135 -0.855 1.14% 22,111,515 NYSE: No mentions found.

GE $16.21 +0.21 1.31% 85,786,307 NYSE: NYT pB1 "NBC-Comcasat Deal Puts Broadcasat TV in Doubt" by Brian Stelter says Comcast has consistently said to its shareholders that the deal's purpose is to control NBC Universal's fast growing cable channels. There is even talk of changing NBC Universal's name to play down the broadcast association. Comcast may sell off the stations.

WSJ pC8 "Companies Must Flex Spending Muscles" by Liam Denning says with yields having fallen, pressure is on large firms to either make capital expenditures, do payouts to shareholders or do mergers and acquisitions because when big firms stop spending, their assets keep depreciating, industrial capacity shrinks and this spurs a revival in investment. This recession may be different in how firms are deploying cash. M&A activity is picking up as Danaher, Emerson and United Technologies have all announced $1 bil plus deals in recent months. The damage inflicted by the recession is prying free assets: an example is GE selling control of NBC universal to Comcast and its security biz to United Technologies.

NYT pB2 "Restive Vivendi Investors" by Richard Beales, Una Galani discusses how Vivendi CEO Jean-Bernard Levy, may spend the $5.8 bil he is getting from the sale of his share in NBC Universal to GE.

Hewlett-Packard HPQ $49.84 +0.88 1.8% 18,258,205 NYSE: NYT pB4 "Still Waiting for Hewlett-Packard To Make a Splash in Smartphones" by Ashlee Vance says lost in the smartphone advertising wars among Apple, Verizon, AT&T and Google is the iPaq Glisten, Hewlett-Packard's latest mobile device, which appeared at the end of Nov. The iPaq product line, which originated under Compaq Computer has struggled to receive much attention since HP acquired Compaq. It is good handling email but is otherwise outclassed by rival products. The biggest features of the Glisten, which runs Microsoft's Window Mobile 6.5, are a physical keyboard and minor elements like consolidated contract lists.

Home Depot HD $28.08 +0.15 0.54% 15,262,329 NYSE: No mentions found.

Intel INTC $20.46 +0.59 2.97% 85,480,451 NASDAQ-GS: WSJ pB3 "Inel Scraps Plan For Graphics Chip" by Don Clark says Intel's plans to move into a new semiconductor market suffered a setback as Intel disclosed it is canceling the first chip based on a novel design dubbed Larrabee. The high profile product which Intel has been discussing since April '07, was expected to generate complex graphics for videogames and carry out other high performance computing chores. Intel already makes less sophisticated graphics circuity that is integrated into sets of chips.

IBM $127.3 -0.25 0.2% 6,784,691 NYSE: No mentions found.

J.P.Morgan Chase JPM $41.79 +0.39 0.94% 57,787,509 NYSE: NYT pB2 "Dimon Guesses Right On Warrant Pricing" by Richard Beales, Una Galani says Jamie Dimon, the CEO of JPMorgan, did right by not buying his warrants back, because the Treasury auctioned them to the highest bidder and got a good price.

Johnson & Johnson JNJ $64.34 +0.18 0.28% 13,634,226 NYSE: No mentions found.

Kraft KFT $26.57 +0.15 0.57% 12,497,843 NYSE: Fin Times p18 "Cadbury to focus on brands in Kraft offer fight" by Jenny Wiggins says Cadbury is to emphasize the value of its brands and its emerging markets footprint in its defense against Kraft's $16.6 bil hostile takeover offer. Kraft posted its offer documents with UK regulators on Fri, and Cadbury has 2 weeks to prepare its formal defense. Cadbury is also expected to focus on the progress made on its "Vision into Action" restructuring program and profit margin goals. Emerging markets are key to Cadbury's long term growth and are one of the attractions for Kraft.

McDonald's MCD $61.55 -0.42 0.68% 9,193,084 NYSE: No mentions found.

Merck MRK $36.64 -0.13 0.35% 14,237,188 NYSE: No mentions found.

Microsoft MSFT $29.98 +0.15 0.5% 58,209,152 NASDAQ-GS: NYT pB4 "Still Waiting for Hewlett-Packard To Make a Splash in Smartphones" by Ashlee Vance says lost in the smartphone advertising wars among Apple, Verizon, AT&T and Google is the iPaq Glisten, Hewlett-Packard's latest mobile device, which appeared at the end of Nov. The iPaq product line, which originated under Compaq Computer has struggled to receive much attention since HP acquired Compaq. It is good handling email but is otherwise outclassed by rival products. The biggest features of the Glisten, which runs Microsoft's Window Mobile 6.5, are a physical keyboard and minor elements like consolidated contract lists.

Pfizer PFE $18.49 -0.15 0.8% 44,075,773 NYSE: No mentions found.

Procter & Gamble PG $62.6 +0.04 0.06% 11,228,638 NYSE: No mentions found.

3M MMM $78.24 +1.09 1.41% 4,366,365 NYSE: No mentions found.

Travelers TRV $51.04 -0.40 0.78% 5,946,851 NYSE: No mentions found.

United Technologies UTX $68.32 +1.06 1.58% 4,380,830 NYSE: WSJ pC8 "Companies Must Flex Spending Muscles" by Liam Denning says with yields having fallen, pressure is on large firms to either make capital expenditures, do payouts to shareholders or do mergers and acquisitions because when big firms stop spending, their assets keep depreciating, industtrial capacity shrinks and this spurs a revival in investment. This recession may be different in how firms are deploying cash. M&A activity is picking up as Danaher, Emerson and United Technologies have all announced $1 bil plus deals in recent months. The damage inflicted by the recession is prying free assets: an example is GE selling control of NBC universal to Comcast and its security biz to United Technologies.

Verizon VZ $32.7 +0.01 0.03% 15,323,018 NYSE: NYT pB4 "Still Waiting for Hewlett-Packard To Make a Splash in Smartphones" by Ashlee Vance says lost in the smartphone advertising wars among Apple, Verizon, AT&T and Google is the iPaq Glisten, Hewlett-Packard's latest mobile device, which appeared at the end of Nov. The iPaq product line, which originated under Compaq Computer has struggled to receive much attention since HP acquired Compaq. It is good handling email but is otherwise outclassed by rival products. The biggest features of the Glisten, which runs Microsoft's Window Mobile 6.5, are a physical keyboard and minor elements like consolidated contract lists.

Walmart WMT $54.24 -0.20 0.37% 11,099,015 NYSE: No mentions found.