12/9/09 Wed. pm Dow Closes 10,337.05 up 51.08 or 0.5%

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Post #253 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.

The Dow Jones Industrial Average closed Wednesday at 10,337.05 up 51.08 or 0.5% from Tuesday's close of 10,285.97. Of the 30 Dow Companies: 17 gained and 13 declined. The biggest gainer dollar-wise and percentage-wise was 3M MMM $79.74 +2.63 3.41% 6,552,482 NYSE. The biggest decliner dollar-wise was United Technologies UTX $67.41 -0.82 1.2% 4,789,573 NYSE and percentage-wise was WalMart $54.07 -0.34 0.62% 12,577,792 NYSE.

As of the open of the market Tuesday, 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 18.03 up from Mon. morning's 18.02 (year ago it was 18.66) the P/E estimate is 16.05 unchanged from Mon's 16.05 (year ago it was 9.93) and the current dividend yield is 2.67 unchanged from Mon. morning's 2.67 (it was 3.51 a year ago).

Wednesday's Dow Jones Industrial Average closing numerator was 1367.79 up 6.76 from Tuesday's closing Dow numerator of 1361.03. 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 6.76 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 51.08.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 45.59 up 0.32 from Tuesday's Dow Jones Industrial Average closing price of $45.27. The median closing price of Wednesday's Dow Jones Industrial Average was $40.54 up 0.42 from Tuesday's $40.12. The lowest volume Wednesday was Travelers TRV $50.1 +0.18 0.36% 3,922,603 NYSE and the highest volume again was Bank of Am BAC $15.39 -0.02 0.13% 196,901,535 NYSE.

If Wednesday 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 made $676 ($136,779 - $136,103).

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

AT&T T $27.56 -0.05 0.18% 22,917,904 NYSE
Alcoa AA $13.08 +0.21 1.63% 24,364,211 NYSE
American Express AXP $39.88 +0.75 1.92% 8,782,747 NYSE
Bank of America BAC $15.39 -0.02 0.13% 196,901,535 NYSE
Boeing BA $55.47 -0.19 0.34% 3,841,134 NYSE
Caterpillar CAT $56.18 -0.20 0.35% 8,509,353 NYSE
Chevron CVX $77.06 +0.30 0.39% 6,999,516 NYSE
Cisco CSCO $23.86 +0.05 0.21% 37,812,627 NASDAQ-GS
Coca-Cola KO $57.83 +0.15 0.26% 9,653,827 NYSE
Disney DIS $30.7 +0.02 0.07% 9,165,185 NYSE
DuPont DD $31.59 -0.04 0.13% 10,503,183 NYSE
ExxonMobil XOM $72.79 -0.16 0.22% 17,038,757 NYSE
GE $15.66 -0.06 0.38% 58,011,238 NYSE
Hewlett-Packard HPQ $49.95 +1.01 2.06% 17,425,700 NYSE
Home Depot HD $27.55 -0.12 0.43% 12,404,689 NYSE
Intel INTC $20.01 +0.02 0.1% 53,023,389 NASDAQ-GS
IBM $128.39 +1.59 1.25% 5,975,139 NYSE
J.P.Morgan Chase JPM $41.19 -0.02 0.05% 42,155,974 NYSE
Johnson & Johnson JNJ $64.38 +0.13 0.2% 8,783,462 NYSE
Kraft KFT $26.71 +0.05 0.19% 6,704,399 NYSE
McDonalds MCD $60.6 -0.01 0.02% 10,855,413 NYSE
Merck MRK $37.15 +0.80 2.2% 17,618,906 NYSE
Microsoft MSFT $29.71 +0.14 0.47% 44,035,418 NASDAQ-GS
Pfizer PFE $18.24 +0.48 2.7% 72,926,088 NYSE
Procter & Gamble PG $62.24 +0.37 0.6% 8,934,952 NYSE
3M MMM $79.74 +2.63 3.41% 6,552,482 NYSE
Travelers TRV $50.1 +0.18 0.36% 3,922,603 NYSE
United Technologies UTX $67.41 -0.82 1.2% 4,789,573 NYSE
Verizon VZ $33.3 -0.09 0.27% 18,732,778 NYSE
WalMart WMT $54.07 -0.34 0.62% 12,577,792 NYSE
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The following appeared in Wed. morning's Blog:

A read of Wednesday's 12/10/09 print editions of: Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution, Daily Report (Ga), & 12/14/09 issue of NewsWeek 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 Tuesday's closing price and related data:

Dow: The Dow Jones Industrial Average closed Tuesday at 10,285.97 down 104.14 or 1% from Monday's close of 10,390.11. Year to date the Dow is up 17.20%. Of the 30 Dow Companies: 29 declined and one, Verizon, gain. The biggest decliner dollar-wise was Caterpillar CAT $56.38 -1.18 2.05% 6,442,379 NYSE and percentage-wise was DuPont DD $ 31.63 -0.77 2.38% 8,113,529 NYSE. The only gainer dollar-wise and percentage-wise was Verizon VZ $33.39 +0.14 0.42% 20,121,407 NYSE.

Newsweek "Economic Panic Attack" by Daniel Gross says in the aftermath of the great crash of '29, the Dow fell more than 80% and no more than 10% of the population owned stocks at the height of that decade's investment craze but the damage was so traumatic, the rash sapped the national tolerance for risk for decades. By the early 50's, the Dow had regained its 1929 peak and the nation was prospering. In '52, 82% of families had life insurance and only 4.2% of the population owned stocks. It wasn't until the 1980's when the generation born after the Depression matured financially, that stock ownership rose sharply.

AT&T T $27.61 -0.36 1.29% 25,761,594 NYSE: WSJ p1 "PepsiCo Drops Tiger Drink" by Corey Dade, Emily Steel says Woods endorses AT&T products but AT&T declined to comment as to whether it would be dropping Tiger Woods as PepsiCo did for the Tiger Woods Gatorade Drink.

USA Today pB1 "An Internet open to all, but controlled by none" by Leslie Cauley says the FCC wants to turn four internet principles, voluntary guidelines, into hard rules and extend them to wireless that is creating a heated debate across the USA about net neutrality - the idea that all Internet services providers should treat all traffic on their networks the same to rpeserve the Internet as a fee and open platform that's open to all but controleld by none. AT&T and other big ISPs say the FCC's plan smacks of needless regulation because the Internet has grown and prospered for more than 40 years without gov. intervention so why start now. The FCC's plan would prohibit blocking by ISPs of contents, prohibit favoritsim by giving preference to their own content, no price gouging, no discrimination by slowing down online traffic. Just 6 phone and cable tv firms control 65% of the USA's 80.9 mil broadband users. The top 4 - AT&T, Verizon, Comcast and Time Warner dominate wtih around 46%.

Alcoa AA $12.87 -0.18 1.38% 20,641,655 NYSE: No mentions found.

American Express AXP $39.13 -0.28 0.71% 7,866,909 NYSE: No mentions found.

Bank of America BAC $15.41 -0.48 3.02% 310,040,227 NYSE: WSJ pC16 "Well to Pay Price of Freedom" by Peter Eavis Wells wants to sue capital generated by profits to repay TARP funds rather than do a big stock offering like Bank of America's last week. JPMorgan Chsae's doesn't have large investment banking operations, so it doesn't require as much capital as Wells. The article discusses the Tier 1 common ratio at thee banks which assesses a bank's buffer for losses as a percentage of assets.

Similar story at Fin Times p15 "Tarp repayment blow for Citi" by Francesco Guerrera, Joanna Chung, Tom Braithwaite that says US authorities are split over how much capital Citigroup should raise before it repays $20 bil in bailout funds. Last week, BofA said it would repay Tarp funding, leaving Citi and Wells Fargo as the only 2 big lenders still in the program.

USA Today pA1 "Higher rates pay off for credit cards" by Kathy Chu says a new law that takes effect enxt year will crimp credit card issuers' bottom line, but the industry will rebound quickly because of athe revenue they're raising from controversail interest rate increases. This year, Pres. Obama signed a law that makes it harder for card issuers to raise interest rates for no reason and to impose certain charges. But because many of the law's provisions don't take effect until Feb, issuers have been able to increase rates and fees at will for custoemrs even those who pay their bills n time. Bank of America, Chase and Citigroup have raised interest rates and balance transfer fees, or added new credit card fees.

AJC pA16 says Bank of America's board met Tues to discuss replacements for Ken Lewis, the outgoing CEO.

Boeing BA $55.66 -0.16 0.29% 4,637,025 NYSE: WSJ pA1 Headline "As Boeing Hits Turbulence, Uncle Sam Flies to Its Aid" by Daniel Michaels says while airlines are struggling Boeing is churning out jetliners at its fastest clip in years due to Bob Morin, a fed employee who stumps the globe to rally sales for America's biggest exporter. More than one in four airliners Boeing delivers this year will be funded thanks to Mr. Morin's efforts. He is vp of transportation at the US Export-Import Bank, created in '34 to fight the Depression. It provides US Treasury guarantees to banks to make them comfortable lending to buyers of American exports. No firm has deeper relations with Ex-Im Bank that Chicago based Boeing.

WSJ pB2 "United Splits Order for 50 Jets" by Susan Carey, Daniel Michaels, Fin Times p17 "United orders 50 jets from Boeing and Airbus" by Pilita Clark, NYT pB "United Air to Purchase 50 New Jets Over Decade" & AJC pA16 say United Airlines said it will spend billions over the next decade on 50 new jets, splitting its order between Boeing's 787 and Airbus' A350 with deliveries expected between '16 and '19. The planes will replace Boeing 747s and 767s. Planes will cost around $4bil for Boeing and $6 bil for Airbus. It is the first time Untied ordered non-Boeing wide body jets.

Related story at WSJ pC16 "United Airlines' Savvy Shopping Spree" by Liam Denning says now is a good time to order aircraft because UAL will get big discounts from Boeing and Airbus. UAL only has to lay out $60 mil in cash over the next three years since delivery of its planes won't happen until 2016.

Caterpillar CAT $56.38 -1.18 2.05% 6,442,379 NYSE: WSJ pC5 "Chevron, Exxon Turn Blue Chips Into Red" by Geoffrey Rogow" says global economic worries weighed on a basket of large industrial firms and commodities producers, with Chevron, ExxonMobil and Caterpillar helping to send the Dow Jones Industrial Average down more than 100 points. Setting off Tues's session were concerns over the potential fallout of credit and debt problems in Dubai and Greece following downgrades from credit ratings firms. The fears sparked a rebound for the dollar and a decline for oil and metals prices, which weighed on several Dow component. McDonald's also contributed to the decline, losing 2.1% on an announcement that global same store sales rose only 0.7% in Nov. while there was a 0.6% decline in the US and a 1% drop in Asia, the Mid East & Africa.

Chevron CVX $76.76 -1.41 1.8% 8,985,099 NYSE: WSJ pC5 "Chevron, Exxon Turn Blue Chips Into Red" by Geoffrey Rogow" says global economic worries weighed on a basket of large industrial firms and commodities producers, with Chevron, ExxonMobil and Caterpillar helping to send the Dow Jones Industrial Average down more than 100 points. Setting off Tues's session were concerns over the potential fallout of credit and debt problems in Dubai and Greece following downgrades from credit ratings firms. The fears sparked a rebound for the dollar and a decline for oil and metals prices, which weighed on several Dow component. McDonald's also contributed to the decline, losing 2.1% on an announcement that global same store sales rose only 0.7% in Nov. while there was a 0.6% decline in the US and a 1% drop in Asia, the Mid East & Africa.

Cisco CSCO $23.81 -0.40 1.65% 43,286,051 NASDAQ-GS: No mentions found.

Coca-Cola KO $57.68 -0.19 0.33% 9,092,788 NYSE: AJC pA15 "Coke Zero pours high tech effort into Avatar tie ins" by Joe Guy Collier says Coke has spent months pushing a grassroots effort to connect its Coke Zero to the new James Cameron big budget movie, Avatar, that will be released on 12/18. Coke launched a companion Web site, AVTR.com and has been building out details of the stories behind the characters in Avatar. It is rolling out 140 mil cans and 30 mil fridge pack containers int he US that interact with the web site to create a 3D image. Avatar will be tied to Coke Zero in more than 30 nations and is the second global movie marketing deal for Coke in as many years. It also had a sponsorship deal with the last James Bond movie, Quantum of Solace.

Disney DIS $30.68 -0.32 1.03% 8,628,816 NYSE: No mentions found.

DuPont DD $31.63 -0.77 2.38% 8,113,529 NYSE: No mentions found.

ExxonMobil XOM $72.95 -0.82 1.11% 18,061,051 NYSE: WSJ pB5 "Exxon Treads Rocky Terrain in Papua New Guinea" by Patrick Barta, Ross Kelly said Exxon Mobil and several other firms have decided to proceed with a $15 bil natral gas project in Papua New Guinea which underscores the energy sector's rising tolerance for risk as demand recovers in Asia. Exxon's investment will be the largest ever foreign investment in Papua New Guinea and could transform Papua New Guinea, an impoverished S. Pacific nation into one of the world's newest significant energy producers. Gas shipments could start in '13 and triple the nation's export revenue.

WSJ pC5 "Chevron, Exxon Turn Blue Chips Into Red" by Geoffrey Rogow" says global economic worries weighed on a basket of large industrial firms and commodities producers, with Chevron, ExxonMobil and Caterpillar helping to send the Dow Jones Industrial Average down more than 100 points. Setting off Tues's session were concerns over the potential fallout of credit and debt problems in Dubai and Greece following downgrades from credit ratings firms. The fears sparked a rebound for the dollar and a decline for oil and metals prices, which weighed on several Dow component. McDonald's also contributed to the decline, losing 2.1% on an announcement that global same store sales rose only 0.7% in Nov. while there was a 0.6% decline in the US and a 1% drop in Asia, the Mid East & Africa.

GE $15.72 -0.36 2.24% 78,124,958 NYSE: WSJ pB2 says GE said earnings from its finance unit would be flat next year as credit losses peak. Mike Neal, ceo of GE Capital said the unit is on track to earn $2 bil to $2.5 bil this year and in '10 compared with $8.6 bil in '08 but the company expects credit losses and impairments of up to $13 bil for the year due to is commercial real estate portfolio. Property values in the potfolio have dropped 34% since the end of '07 and is expected to drop another 13% in '10.

Hewlett-Packard HPQ $48.94 -0.27 0.55% 11,518,471 NYSE: No mentions found.

Home Depot HD $27.67 -0.55 1.95% 14,963,163 NYSE: No mentions found.

Intel INTC $19.99 -0.38 1.87% 63,236,098 NASDAQ-GS: No mentions found.

IBM $126.8 -0.24 0.19% 5,316,622 NYSE: Fin Times p17 "Rival dismisses antitrust issues in Oracle/Sun deal" by Richard Waters, Nikki Tait says Oracle's proposed purchase of Sun Microsystems did not raise any big antitrust issues and was likely to close soon in spite of objections raised in Brussels according to Steve Mills, head of IBM's software division and one of Oracle's biggest rivals.

J.P.Morgan Chase JPM $41.21 -0.04 0.1% 41,652,315 NYSE: WSJ pC11 JPMorgan Taps Frenkel As Chief for International" by Tess Stynes says JPMorgan said it had selected Jacob Frenkel, as chairman of its int'l biz and as a member of JPMorgan's exec committee and int'l council. He will help craft the banks' int'l strategy and advise on global economic trends and issues and be responsible for relations with global monetary and regulatory authorities. He was formerly a vice chair of AIG and earlier was a chairman at Merrill Lynch Internat'l.

USA Today pA1 "Higher rates pay off for credit cards" by Kathy Chu says a new law that takes effect enxt year will crimp credit card issuers' bottom line, but the industry will rebound quickly because of athe revenue they're raising from controversail interest rate increases. This year, Pres. Obama signed a law that makes it harder for card issuers to raise interest rates for no reason and to impose certain charges. But because many of the law's provisions don't take effect until Feb, issuers have been able to increase rates and fees at will for custoemrs even those who pay their bills n time. Bank of America, Chase and Citigroup have raised interest rates and balance transfer fees, or added new credit card fees.

AJC pA16 says Lindberg Vista Apartments in Buckhead has been sold to JPMorgan for $52 mil.

Johnson & Johnson JNJ $64.25 -0.12 0.19% 10,984,164 NYSE: No mentions found.

Kraft KFT $26.66 -0.02 0.07% 8,288,349 NYSE: No mentions found.

McDonald's MCD $60.61 -1.32 2.13% 14,618,917 NYSE: Fin Times p19 "McDonald's chews on weak sales" by Jonahan Birchall, WSJ pB5, NYT pB4 "McDonald's Sales in US Fell Again in Nov.," USA Today pB1 & AJC pA16 say high unemployment hurt McDonald's sales as sales at restaurants open at least a year fell 0.6% for Nov., the second consecutive monthly decline. Nov's decline was worse than October's 0.1% decline and only the fourth US decrease in 6 1/2 years. Around the globe, sales in locations open at least a year rose 0.7%.

Fin Times p26 "McDonald's second month of falling sales adds to jitters" by Samantha Pearson says sales declines at McDonald's added to investor jitters about the pace of economic recovery, sending US stocks sharply lower yesterday. Fears resurfaced about the developing debt crisis in Dubai and investors also became more concerned about Greece's ability to manage its fiscal deficit following Fitch's downgrade.

Fin Times p14 says says the softness in McDonald's numbers means McDonald's will open only 140 stores in China this year, not the expected 175 stores and only remodel 800 US stores in '10, double the number this year. Only 40% of their US stores have been remodelled since '03. Trading at a little below 14 times '10 forecast earnings, McDonald's shares, which have gone sideways for 2 years, are close to the bottom end of their historical range.

USA Today p4B "Stocks fall on worries about economy" by Matt Krantz says investors fled to the safety of the dollar and sold stocks Tues. on the persistent fear the economy remains frai. The dow Jones industrial average sank 1% as a slightly weaker than expected profit forecast from industrial conglomerate 3M underscored how challenging the economy remains. Hurt mostly by stocks in the food retail, wireless telecom and motorcycle manufacturing indsutries, the S& P 500 fell to 1091.94. McDonald's fell after it said sales at US stores fell 6%.

WSJ pC5 "Chevron, Exxon Turn Blue Chips Into Red" by Geoffrey Rogow" says global economic worries weighed on a basket of large industrial firms and commodities producers, with Chevron, ExxonMobil and Caterpillar helping to send the Dow Jones Industrial Average down more than 100 points. Setting off Tues's session were concerns over the potential fallout of credit and debt problems in Dubai and Greece following downgrades from credit ratings firms. The fears sparked a rebound for the dollar and a decline for oil and metals prices, which weighed on several Dow component. McDonald's also contributed to the decline, losing 2.1% on an announcement that global same store sales rose only 0.7% in Nov. while there was a 0.6% decline in the US and a 1% drop in Asia, the Mid East & Africa.

Merck MRK $36.35 -0.35 0.95% 15,462,803 NYSE: No mentions found.

Microsoft MSFT $29.57 -0.22 0.74% 36,924,476 NASDAQ-GS: No mentions found.

Pfizer PFE $17.76 -0.30 1.66% 78,867,834 NYSE: No mentions found.

Procter & Gamble PG $61.87 -0.60 0.96% 11,029,234 NYSE: NYT pC1 "CBS Cancels As the World Turns, PG's Last Soap Opera" by Bill Carter, Brian Stelter & WSJ pB5 says Procter & Gamble, the firm that invented the soap opera and gave the genre its name, is no longer in the soap opera business. CBS said it was canceling As the World Turns the 54 year old soap that is the lst daytime serial owned by Procter & Gamble. he show chronicled generations of characters in fictional Oakdale, Ill. as they survived love and loss, but couldn't survive the harsh realities of modern tv, where scripted dramas have become too expensive to justify dwindling rating. Soaps coast around $50 mil to produce as compared with a game show like Let's Make a Deal which costs half that amount and which replaced Guiding Light on CBS this fall.

WSJ pB3 "P&G's Lafleyto Leave Chairmanship Jan. 1" by Ellen Byron, Fin Times p18 "Lafley to Retire from P&G, NYT pB2 "Chief Exec of P&G Will Add the Role of Chairman" by AP say A.G.Lafley will step down as chairman on 1/1 and his title will go to the ceo, Robert A. McDonald. P&G has 23 brands with sales of at least $1 bil and has sold off Comet cleanser, Sure dodorant and Folgers coffee but is pushing Pampers and Tide.

WSJ pB1 "Deal Makers Target Consumer Goods" by Jeffrey McCracken, Dana Cimilluca says a new wave of deal making is occurring in the consumer aisle such as: Procter Gamble is close to an agreement to buy Sara Lee's European air freshener biz, which includes the Ambi Pur brand.

3M MMM $77.11 -0.80 1.03% 5,027,597 NYSE: USA Today p4B "Stocks fall on worries about economy" by Matt Krantz says investors fled to the safety of the dollar and sold stocks Tues. on the persistent fear the economy remains frai. The dow Jones industrial average sank 1% as a slightly weaker than expected profit forecast from industrial conglomerate 3M underscored how challenging the economy remains. Hurt mostly by stocks in the food retail, wireless telecom and motorcycle manufacturing indsutries, the S& P 500 fell to 1091.94. McDonald's fell after it said sales at US stores fell 6%.

Travelers TRV $49.92 -0.65 1.29% 4,022,790 NYSE: No mentions found.

United Technologies UTX $68.23 -0.63 0.91% 4,087,873 NYSE: No mentions found.

Verizon VZ $33.39 +0.14 0.42% 20,121,407 NYSE: USA Today pB1 "An Internet open to all, but controlled by none" by Leslie Cauley says the FCC wants to turn four internet principles, voluntary guidelines, into hard rules and extend them to wireless that is creating a heated debate across the USA about net neutrality - the idea that all Internet services providers should treat all traffic on their networks the same to rpeserve the Internet as a fee and open platform that's open to all but controleld by none. AT&T and other big ISPs say the FCC's plan smacks of needless regulation because the Internet has grown and prospered for more than 40 years without gov. intervention so why start now. The FCC's plan would prohibit blocking by ISPs of contents, prohibit favoritsim by giving preference to their own content, no price gouging, no discrimination by slowing down online traffic. Just 6 phone and cable tv firms control 65% of the USA's 80.9 mil broadband users. The top 4 - AT&T, Verizon, Comcast and Time Warner dominate wtih around 46%.

WalMart WMT $54.41 -0.52 0.95% 15,709,896 NYSE: WSJ pC16 "A Shopping Cart Before the Horse" by John Jannarone says Kroger's stock dropped 12% on Tues after the groer reported disappointing earnings amid heavy price discounting. Even if inflation arrives on time, it might hurt more than it helps. In Oct., WalMart said it would cut some prices. That could force grocers to trim prices just as their costs rise. The brunt of WalMart's grocery price cuts may be yet to come. The price gap between WalMart and the grocers didn't expand in Nov. Some grocers' stocks fell below 8 times forward earnings in '03 when WalMart was also a big worry.
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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
11/30/09 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $360 [5]
2. Microsoft MSFT 260 [9]
3. WalMart WMT 211 [4]
4. Chevron CVX 191 [2.5]
5. Procter & Gamble PG 183 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 170 [10.5]
8. IBM 165 [1.5]
9. JPMorgan Chase 163 [4]
10. AT&T 159 [6]
11. Pfizer PFE 147 [8]
12. Cisco CSCO 134 [6]
13. BAC 134 [6.5]
14. Coke KO 132 [2]
15. Hewlett-Packard HPQ 116 [2]
16. Intel INTC 107 [5.5]
17. McDonald's MCD 106 [1]
18. Verizon VZ 90 [3]
19. Merck MRK 77 [2]
20. United Technologies UTX 63 [1]
21. Disney DIS 56 [2]
22. 3M MMM 54 [.5]
23. American Express AXP 49 [1]
24. Home Depot 47 [2]
25. Kraft KFT 39 [1.5]
26. Boeing BA 38 [1]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 31 [1]
29. Travelers 28 [.5]
30. Alcoa AA 12 [1]

Here are the latest SEC filings as of 11/30/09 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 re:the acquisition of Centennial Communications Corp. a regional provider of wireless and wired communications services for $945 million in cash.

Alcoa AA: 11/20/09 8K re: that it will temporarily idle production at its two aluminum smelters in Fusina and Portovesme, Italy while appealing a European Commission decision that Italy’s extension of the existing electricity tariff after 2005 did not comply with European Union state aid rules and that a portion of the benefit received by Alcoa must be refunded. The curtailments in Italy will bring Alcoa’s total global smelting system curtailments to approximately 24 percent. Alcoa expects to take a 4Q '09 charge of between $300 million and $500 million, pre-tax, including the temporary curtailment and recovery actions.

American Express AXP: 11/18/09 8K re: acquisition of Revolution Money, a Revolution LLC company which was launched by AOL Co-founder Steve Case's Revolution LLC in '07 & provides secure payments through an internet based platform. No names or account numbers appear on Revolution cards and transactions are authorized by using a PIN number. Their online person-to-person payment accounts are FDIC insured and suited for social and instant messaging networks.

Bank of Am BAC: 11/27/09 8K re: the Board approved amendments to the 2009 compensation arrangements for Joe L. Price, Chief Financial Officer, & Barbara J. Desoer, President, Bank of America Mortgage, Home Equity and Insurance Services.

Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.

Caterpiller CAT: 11/19/09 8K disclosing supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

Chevron CVX: 11/5/09 10Q

Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopted a pre-arranged stock trading plan to exercise Cisco stock options originally granted in 2001 and set to expire in February 2010 and sell the acquired shares of Cisco stock for up to 80,000 shares of Cisco stock.

Coke KO: 10/29/09 10QA

Disney DIS: 11/13/09 8K re: effective January 1, 2010, Thomas O. Staggs, currently Sr. Exec. VP & CFO, will become Chairman, Walt Disney Parks & Resorts, & James A. Rasulo, currently Chairman, Walt Disney Parks & Resorts, will become Sr. Exec. VP & CFO.

11/19/09 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 1/15 & $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: 11/23/09 8K re: financial results for its 4Q ended 10/31/09, with net rev of $30.8 billion, down 8% from a year earlier.

Home Depot HD: 11/17/09 8K re: 3Q of fiscal 2009 net earnings of $689 million, or $0.41 per diluted share, compared with net earnings of $756 million, or $0.45 per diluted share, in the same period in fiscal 2008.

Intel INTC: 11/16/09 8K re: board of directors approved a 12.5 percent increase in the quarterly cash dividend to 15.75 cents per share (63 cents per share on an annual basis), beginning with the dividend that will be declared in the first quarter of 2010.

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: 11/20/09 re: Cazenove Group Limited (Cazenove) and J.P. Morgan have agreed a transaction under which their joint venture, J.P. Morgan Cazenove, will become a wholly owned part of J.P. Morgan.

Johnson & Johnson JNJ: 11/4/09 10Q

Kraft KFT: 11/9/09 8K re: pursuant to Rule 2.5 of the U.K. City Code on Takeovers and Mergers Kraft disclosed its intention to make an offer to acquire each outstanding ordinary share of Cadbury plc.

11/9/09 8K re: an acquisition and refinancing bridge credit agreement for a 364-day senior unsecured term loan facility with the lenders led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc., as joint bookrunners, and Citibank, N.A. and Deutsche Bank AG Cayman Islands Branch, as co-administrative agents for loans up to £5.5 billion with a maturity date of 364 days.

McDonalds MCD: 11/12/09 8K re: CEO Jim Skinner outlined MCD’s priorities to continue to drive growth in sales, market share and returns through a strategic focus on its customers and restaurants under the successful Plan to Win. This includes plans to open about 1,000 new restaurants and reimage 2,300 existing locations worldwide in 2010.

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: 11/24/09 8K re: Chris Liddell's departure as CFO to be replaced by Peter Klein.

Pfizer PFE: 11/5/09 10Q

Procter & Gamble PG: 10/29/09 10Q

3M MMM: 11/24/09 8K re: an amendment to its VIP Excess Plan that offers eligible highly compensated employees with the opportunity to defer the receipt of a portion of their current cash compensation on a tax-favored basis.

Travelers TRV: 11/10/09 8K re: the resignation of Robert I. Lipp from the Board.

United Technologies UTX: 11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

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: 11/12/09 8K re: diluted earnings per share from continuing operations for 3Q of fiscal year 2010 of $0.84, exceeding WMT’s guidance of $0.78 to $0.82. Walmart earned $0.77 per share from continuing operations in the third quarter last year.