1/11/10 Mon. am Alcoa Kicks Off Earnings Season Today After Market Cose

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Post #236 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 1/4/10 and an update of the Dow 30's most recent SEC filings as of 1/4/10.

A read of Monday's print editions of: The Wall St. Journal, Financial Times, The New York Times, USA Today, Atlanta Journal Constitution & (Ga) Daily Report 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.

Dow: The Dow Jones Industrial Average closed Friday at 10,618.19 up 11.33 or 0.11% from Thursday's close of 10,606.86. For the week, the Dow was up 190.14 from Friday's 10,428.05. Year to date the Dow Jones is up 1.82%. Of the 30 Dow Companies: 16 gained and 14 declined. The biggest gainer dollar-wise was IBM $130.85 +1.30 1% 4,171,554 NYSE and percentage-wise was Alcoa AA $17.02 +0.41 2.47% 32,916,710 NYSE. The biggest decliner dollar-wise and percentage-wise was Coca-Cola KO $55.15 -1.04 1.85% 14,109,603 NYSE.

WSJ pC1 "Abreast of the Market" by Tom Lauricella since last spring, the stock market has rallied with each earnings season as firms posted results far better than expected. As 4Q reports being this week, many strategists expect the good news to keep rolling. A side bar shows rev change from year ago quarter for Dow Jones Industrial firms with estimates for the 4Q of '9, and 1Q, 2Q, 3Q and 4Q for '10 being as follows respectively up 7.6%, 11l9%, 11.6% & 10.5%.

WSJ pC6 "A Week in the Life of the DJIA" shows each Dow Jones 30 stock and how it did last week and how much each moved the index. The biggest stock price change was Boeing with a $1,000 invested at year end '09 now being worth $1,138. The last stock is Verizon where a $1,000 invested at year end '09 is now worth $972.

WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. With equp orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be done easiy, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon communications is expected to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

(From Sat.) WSJ pB1 "Stocks End Higher In First Week of '10" by Peter A. McKay says stocks shook off a round of weak jobs data on Fri., posting a modest gain to end the first week of trading for 2010. Traders watch early year trading as a harbinger of how the next 12 months might play out. The 1.8% gain in the Dow Jones Industrial Average over the first five days of the year handily beat the average 0.6% gain from 1900 through 2009. Stocks have languished since a series of economic reports painted a picture of a sluggish US recovery. Fri.'s jobs data, the week's most highly anticipated release, were worse than expected.

(From Sat.) WSJ pB3 "Blue Chips Take Jan. by Storm" by Donna Kardos Yesalavich says stocks closed slightly higher despite the fed. gov's report of a bigger than expected job loss in Dec., as well as analysts' downgrades that hurt Coca-Cola and Boeing. Industrial stocks, including Caterpillar, climbed as US wholesale inventories unexpectedly surged, and UPS reported US wholesale inventories rose in Nov by the highest level in 5 years. Boeing fell 1% after Macquarie lowered its investment rating on the stock to neutral from outperform. Coca-Cola also weighed on the Dow with a drop of 1.9% as J.P.Morgan cuts its investment rating on the stock to neutral from overweight.

(From Sat) Fin Times p14 "S&P holds steady despite disappointing jobs data" by Samantha Pearson says Wall St. was set to record its biggest weekly gain in 2 months after investors shrugged off disappointing jobs data. While the unemployment rate held steady at 10% as forecast, the Dept. of Labor said the economy had shed 85,000 jobs last month higher than expected. Telecoms stocks added to pressure from consumer discretionary groups. The S&P 500 telecoms services sector has lost 3.2% this week. AT&T, the mobile network operator, slid 1.3%.

(From Sat) Inv. Bus Daily pA1 "Stocks Shake Off Negatives in 1st Week" by Paul Whitfield says while it was hardly a rip roaring start for '10, stocks notched solid gains in the first week of the new year. Friday's action was up in lower volume. the current outlook is market is in confirmed uptrend.

(From Sat) NYT pB7 "Shares Post Small Gains Despite Weak Jobs Report" by Javier c. Hernandez says a grimmer than expected report on employment rattled Wall St. on Fri., but a late rally in industrial and energy shares helped the major indexes end the first week of '10 in positive territory.

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 18.42 up from Friday morning's 18.40 (year ago it was 17.96) the P/E estimate is 13.75 down from Friday's 16.40 (year ago it was 10.58) and the current dividend yield is 2.58 unchanged from Friday's 2.58 (it was 3.66 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1404.99 up 1.50 from Thursday's closing Dow numerator of 1403.49. 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 1.50 for Friday by the divisor you get the increase in Friday's Dow close of 11.33.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 46.83 up 0.05 from Thursday's Dow Jones Industrial Average closing price of $46.78. The median closing price of Friday's Dow Jones Industrial Average was 43.32 down 0.07 from Thursday's $43.39. The lowest volume was 3M MMM $84.32 +0.59 0.7% 3,375,947 NYSE and the highest volume again was Bank of Am BAC $16.78 -0.15 0.89% 219,055,874 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 made $150 ($140,490 - $140,340).

AT&T T $27.1 -0.20 0.73% 27,584,442 NYSE: WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. Wit hequp orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be done easiy, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon communications is expected to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

Fin Times p18 in an interview by Richard Wates with Jon Rubinstein, CEO of Palm and NYT pB8 in a story about last week's Consumer Elec Show in Las Vegas say Palm was announcing partnerships with AT&T and Verizon Wireless to sell Palm's newest phones with AT&T selling 2 WebOS phones.

Alcoa AA $17.02 +0.41 2.47% 32,916,710 NYSE: WSJ pC2 "The Ticker- Markets events comings this week"& NYT pB2 say Alcoa will report earnings today with estimates at 0.05 a share compared to a year ago loss of 0.28.

WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. With equp orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be dne easiy, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon commuications is exepcted to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

American Express AXP $41.95 -0.03 0.07% 7,868,065 NYSE: No mentions found.

Bank of America BAC $16.78 -0.15 0.89% 219,055,874 NYSE: NYT pB2 says Bank of America's crew on Wall St. can breathe a sigh of relief as the bank is set to hand out '07 like bonuses to all its investment bankers and traders. This will prevent a repeat of last year's mess, when Merrill Lynch employees scored big int he firm's last bonus round as an independent firm while their new BofA colleagues got little.

Boeing BA $61.6 -0.60 0.96% 7,136,612 NYSE: WSJ pC6 "A Week in the Life of the DJIA" shows each Dow Jones 30 stock and how it did last week and how much each moved the index. The biggest stock price change was Boeing with a $1,000 invested at year end '09 now being worth $1,138. The last stock is Verizon where a $1,000 invested at year end '09 is now worth $972.

Fin Times p10 "Industry eyes lawsuits over pension investment" by Beagan Wilcox Volz says the US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege firms such as WalMart, Lockheed Martin, United Technologies and Caterpillar, Kraft and others, some of which suits have been settled or completed, breached their fiduciary duties to employees by choosing funds with unreasonable fees for their retirement plans.


Caterpillar CAT $60.34 +0.67 1.12% 6,625,960 NYSE: Fin Times p10 "Industry eyes lawsuits over pension investment" by Beagan Wilcox Volz says the US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege firms such as WalMart, Lockheed Martin, Unied Technologies and Caterpillar, Kraft and others, some of which suits have been settled or completed, breached their fiduciary duties to employees by choosing funds with unreasonable fees for their retirement plans.

Chevron CVX $79.47 +0.14 0.18% 5,464,351 NYSE: No mentions found.

Cisco CSCO $24.66 +0.13 0.53% 38,020,812 NASDAQ-GS: Fin Times pB20 "The Real Deal" by Lina Saigol says in '10 institutional shareholders will get more involved in the M&A process in '10. Evidence of this was shown when Cisco Systems had to increase its original offer for Tandberg by 11% after only a handful of Tandberg shareholders agreed to the initial price, which the Tandberg board of directors backed.

USA Today p5B "Consumer Electronics Show" by edward C. Baig says Cisco Systems sees the future of the Internet on a tv screen. At CEs, it showed off a videoconferencing system for the home modeled after Cisco's TelePresence, a high end videoconferencing system for ubsinesses the home version would let consumers do the saem on high def TVs. Also Verizon Wireless is embracing Palm's slick webOS mobile oerpating system which is a boon for Palm whose well received Pre and Pixi phoens have been overshodowed by Apple's iPone and an invasion fo Google Android devices.

Coca-Cola KO $55.15 -1.04 1.85% 14,109,603 NYSE: No mentions found.

Disney DIS $31.88 +0.05 0.16% 7,634,020 NYSE: WSJ pB5 says Disney's "The Princess and the Frog" finished 10th in box office figures, through Sun, with cumulative sales of $92.6 mil while Avatar continues at number 1 with $429 mil.

DuPont DD $33.94 -0.45 1.31% 5,456,584 NYSE: No mentions found.

ExxonMobil XOM $69.52 -0.28 0.4% 24,818,583 NYSE: No mentions found.

GE $16.6 +0.35 2.15% 114,301,285 NYSE: WSJ pB1 "NBC Puts Jay Leno Back Into Old Slot" by Amy Chozick, Sam Schechner & NYT pB1 by Bill Carter, Brian Stelter say GE's NBC confirmed Sun. it was abandoning its prime time experiment with The Jay Leno Show after tepid ratings and a backlash from local TV stations, and plans to move Leno back to the 111:35 pm slot.

Fin Times p7 has a story about India by Joe Leahy that says there is an abundance of talent there that is fuelng India's shift from a global center of outsourcing to one of innovation, but problems with infrastructure and education remain a challenge. GE's 1 million square foot research and development center in Bangalore, the John F. Welch Tech Centre, is discussed as is Intel's presence in India.

Hewlett-Packard HPQ $52.59 +0.39 0.75% 10,184,509 NYSE: No mentions found.

Home Depot HD $28.98 -0.14 0.48% 15,591,782 NYSE: No mentions found.

Intel INTC $20.83 +0.23 1.12% 47,002,186 NASDAQ-GS: WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. With equp orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be done easiy, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon communications is expected to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

NYT pB2 says Alcoa reports earnings Mon, Intel on Thurs. and JPMorgan Chaseon Fri.

IBM $130.85 +1.30 1% 4,171,554 NYSE: WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. Wih qup orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be done easily, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon communications is expected to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

J.P.Morgan Chase JPM $44.68 -0.11 0.25% 32,908,600 NYSE: Fin Times p1 "Banks brcaed for bonus backlash" by Justin Baer, Francesco Guerrera, Daniel Dombey says Goldman Sachs, JPMorgan Chase and other big banks are bracing for a renewed public and political backlash against their compensation plans as they prepare to unveil multibillion dollar bonus packages.

WSJ pC3 "IPO Outlook" by Lynn Cowan quotes Viswas Raghavan, head of int'l capital markets at JPMorganCchase as saying valuations in European equity markets have trended back to more decent levels over the last few months so potential exits and distributions to investors are back on the cards.

Fin Times p24 & NYT pB2 say Alcoa reports earnings Mon, Intel on Thurs. and JPMorgan Chase on Fri.

Johnson & Johnson JNJ $64.21 +0.22 0.34% 7,801,246 NYSE: No mentions found.

Kraft KFT $28.93 +0.03 0.1% 10,991,221 NYSE: Fin Times p15 "Cadbury prepares for final defence" by Jenny Wiggins says Cadbury plans to release robust '09 sales and profit figures this week as it steps up its defense against Kraft's hostile takeover bid from Kraft.

Fin Times p10 "Industry eyes lawsuits over pension investment" by Beagan Wilcox Volz says the US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege firms such as WalMart, Lockheed Martin, Unied Technologies and Caterpillar, Kraft and others, some of which suits have been settled or completed, breached their fiduciary duties to employees by choosing funds with unreasonable fees for their retirement plans.

McDonald's MCD $61.84 -0.06 0.1% 6,100,451 NYSE: No mentions found.

Merck MRK $37.7 -0.02 0.05% 10,723,007 NYSE: No mentions found.

Microsoft MSFT $30.66 +0.208 0.68% 49,813,791 NASDAQ-GS: No mentions found.

Pfizer PFE $18.68 +0.15 0.81% 30,344,117 NYSE: NYT pB4 "Using a Pfizer Grant, Courses Aim to Avoid Bias" by Duff Wilson says Standford U. will develop new continuing ed programs for doctors what will be devoid of the drug industry influence that has often permeated such courses and will funded by a $3 mil grant from Pfizer.

Procter & Gamble PG $60.44 -0.08 0.13% 8,400,560 NYSE: WSJ pB5 "Advertising" by Ellen Byron, Suzanne Vranica says encouraged by resilient sales, some leadingmakers of environmentally friendly household products are boosting their marketing firepower, mounting a broader challenge to manufacturers of mainstream consumer goods such as Procter & Gamble. an example of an ad is given that compared a detergent bottle made by Method Products with a large orange one, a not so subtle swipe at market leader Procter & Gamble's Tide.

3M MMM $84.32 +0.59 0.7% 3,375,947 NYSE: No mentions found.

Travelers TRV $48.56 -0.07 0.14% 3,921,525 NYSE: No mentions found.

United Technologies UTX $70.63 +0.14 0.2% 4,651,783 NYSE: Fin Times p10 "Industry eyes lawsuits over pension investment" by Beagan Wilcox Volz says the US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege firms such as WalMart, Lockheed Martin, Unied Technologies and Caterpillar, Kraft and others, some of which suits have been settled or completed, breached their fiduciary duties to employees by choosing funds with unreasonable fees for their retirement plans.


Verizon VZ $31.75 +0.02 0.06% 19,327,736 NYSE: WSJ pC6 "A Week in the Life of the DJIA" shows each Dow Jones 30 stock and how it did last week and how much each moved the index. The biggest stock price change was Boeing with a $1,000 invested at year end '09 now being worth $1,138. The last stock is Verizon where a $1,000 invested at year end '09 is now worth $972.

WSJ pB1 "Quarterly Reports to Offer a Gauge of Caution" by Paul Glader says as earnings season kicks off Mon, sales, capital spending and hiring plans will get especially close scrutiny for evidence that the recovery is gaining traction. So, too, will results from bellwether industries such as transportation and tech. Spending on computers and networking equip is likely to rise and analysts expect strong results from the sector including from Intel which reports earnings Thurs. and IBM which reports the following week. Industrial firms continue to struggle with slack demand, and the sector is expected to post lower earnings than it did a year earlier. GE reports earnings 1/11 and remained profitable during the recession by cutting costs aggressively and relying more on its service businesses rather than on industrial orders. With equp orders down 10%, analysts expect GE to earn 25 cents a share, down from 37 cents a year earlier. Spending by telecom carriers, which plow billions of dollars a year into improving their networks, will creep up in '10 after falling nearly 8% last year. While some upgrades can be done easiy, telecoms are cautious because much of the work, like laying down new lines, can be labor intensive and costly. The sector will spend just 1.5% more than the $56.9 bil it shelled out in '09. AT&T is expected to spend $17.5 bil, same as last year, while Verizon communications is expected to reduce its capital spending slightly to $16.6 bil. Both firms report earnings at the end of Jan. Reports from makers of commodities like oil, lumber & metals also will give a read on underlying demand. Alcoa will post results after the market closes on Mon and is expected to show a return to profit, helped by rising alum prices and improved sales of cars and trucks. Reports from coal, mining and steel producers are all expected tor reveal improved demand.

Fin Times p18 in an interview by Richard Wates with Jon Rubinstein, CEO of Palm and NYT pB8 in a story about last week's Consumer Elec Show in Las Vegas say Palm was announcing partnerships with AT&T and Verizon Wireless to sell Palm's newest phones with AT&T selling 2 WebOS phones.

Walmart WMT $53.33 -0.27 0.5% 11,328,792 NYSE: Fin Times p10 "Industry eyes lawsuits over pension investment" by Beagan Wilcox Volz says the US mutual fund industry is keeping close tabs on the progress of more than 20 lawsuits that allege firms such as WalMart, Lockheed Martin, Unied Technologies and Caterpillar, Kraft and others, some of which suits have been settled or completed, breached their fiduciary duties to employees by choosing funds with unreasonable fees for their retirement plans.

Here are the CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan.
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 1/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $328 [5]
2. Microsoft MSFT 271 [9]
3. WalMart WMT 204 [4]
4. Chevron CVX 188 [2.5]
5. Johnson & Johnson JNJ 178 [3]
6. Procter & Gamble PG 177 [3]
7. IBM 172 [1.5]
8. AT&T 165 [6]
9 JPMorgan Chase 164 [4]
10. GE 161 [10.5]
11. Pfizer PFE 147 [8]
12. Cisco CSCO 138 [6]
13. Coke KO 132 [2]
14. BAC 130 [8.5]
15. Hewlett-Packard HPQ 122 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 94 [3]
19. Merck MRK 77 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 60 [2]
22. 3M MMM 58 [.5]
23. Home Depot 49 [2]
24. American Express AXP 48 [1]
25. Kraft KFT 40 [1.5]
26. Boeing BA 39 [1]
27. Caterpillar CAT 35 [.5]
28. DuPont DD 30 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1]

Here are the latest SEC filings as of 1/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses 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: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.

12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).

Alcoa AA: 12/24/09 8K re: a joint venture with Saudi Arabian Mining Company (Ma’aden) for the development of an integrated bauxite mine, alumina refinery, aluminum smelter, and rolling mill in the Kingdom of Saudi Arabia.

American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.

Bank of Am BAC: 12/17/09 re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.

12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.

12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.

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: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

12/15/09 8K re: amendments to Bylaws.

Chevron CVX: 12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/24/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 12/2/09 10K

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: 12/14/09 8K re: Merger Agreement to buy XTO Energy.

12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program, of which bonuses were granted to certain officers as follows

GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.

JPMorganChase JPM: 12/22/09 8K re: the closing of a public offering of $1,500,000,000 aggregate liquidation amount of an affiliated trust.

12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.

Kraft KFT: 12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.

McDonalds MCD: 12/18/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.

12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.

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: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/14/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.

Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.

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: 12/23/09 8K re: grant of stock options to executives.

12/7/09 8K re:amendments to bylaws.

WalMartWMT: 12/8/09 10Q