1/15/10 Fri. pm Dow Closes 10,609.65 down 100.9 or 0.94%

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Post #245 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 1/13/10 and an update of the Dow 30component's most recent SEC filings as of 1/13/10.

The Dow Jones Industrial Average closed Friday at 10,609.65 down 100.9 or 0.94% from Thursday's close of 10,710.55. For the week the Dow Jones Industrial Average is down 8.54 or .08% from last Friday's close of 10,618.19. Of the 30 Dow Companies: 3 gained and 27 declined. The biggest gainer dollar-wise and percentage-wise was Kraft KFT $29.58 +0.46 1.58% 25,823,517 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $60.12 -1.86 3% 9,335,536 NYSE.

As of the open of the market Friday, 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 18.8 up from Thursday morning's 18.23 (year ago it was 18.28) the P/E estimate is 13.75 unchanged from Thursday's 13.75 (year ago it was 10.58) and the current dividend yield is 2.55 down from Thursday's 2.56 (it was 3.83 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1,403.86 down 13.35 from Thursday's closing Dow numerator of 1417.21. 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 decrease of 13.35 for Friday by the divisor you get the decrease in Friday's Dow close of 100.9.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 46.80 down 0.44 from Thursday's Dow Jones Industrial Average closing price of $47.24. The median closing price of Friday's Dow Jones Industrial Average was 43.04 down 0.65 from Thursday's $43.69. The lowest volume again was 3M MMM $83.37 -0.13 0.16% 3,922,173 NYSE and the highest volume again was Bank of Am BAC $16.26 -0.56 3.33% 193,418,987 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 lost $1,410 ($141,810 - $140,400).


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

AT&T T $25.79 -0.40 1.53% 63,727,888 NYSE
Alcoa AA $15.63 -0.18 1.14% 33,221,996 NYSE
American Express AXP $42.39 -0.29 0.68% 13,560,460 NYSE
Bank of America BAC $16.26 -0.56 3.33% 193,418,987 NYSE
Boeing BA $60.82 -0.74 1.2% 5,037,420 NYSE
Caterpillar CAT $60.12 -1.86 3% 9,335,536 NYSE
Chevron CVX $79.23 -0.32 0.4% 13,420,954 NYSE
Cisco CSCO $24.4 -0.55 2.2% 51,014,974 NASDAQ-GS
Coca-Cola KO $56.29 -0.84 1.47% 13,660,231 NYSE
Disney DIS $30.6 -0.42 1.35% 13,890,448 NYSE
DuPont DD $34.01 -0.08 0.23% 6,596,530 NYSE
ExxonMobil XOM $69.11 -0.57 0.82% 29,157,813 NYSE
GE $16.44 -0.26 1.56% 73,768,507 NYSE
Hewlett-Packard HPQ $52.47 -0.04 0.08% 13,294,137 NYSE
Home Depot HD $28.57 +0.27 0.95% 22,946,162 NYSE
Intel INTC $20.8 -0.68 3.17% 196,887,174 NASDAQ-GS
IBM $131.78 -0.53 0.4% 8,456,725 NYSE
J.P.Morgan Chase JPM $43.68 -1.01 2.26% 69,499,416 NYSE
Johnson & Johnson JNJ $64.56 -0.54 0.83% 20,919,869 NYSE
Kraft KFT $29.58 +0.46 1.58% 25,823,517 NYSE
McDonald's MCD $62.28 -0.37 0.59% 9,375,772 NYSE
Merck MRK $39.47 -0.52 1.3% 20,784,370 NYSE
Microsoft MSFT $30.86 -0.10 0.32% 78,967,798 NASDAQ-GS
Pfizer PFE $19.49 +0.11 0.57% 76,467,219 NYSE
Procter & Gamble PG $60.82 -0.76 1.23% 15,692,693 NYSE
3M MMM $83.37 -0.13 0.16% 3,922,173 NYSE
Travelers TRV $48.79 -0.49 0.99% 4,208,762 NYSE
United Technologies UTX $71.99 -0.82 1.13% 5,314,724 NYSE
Verizon VZ $30.58 -0.64 2.05% 43,659,664 NYSE
WalMart WMT $53.68 -0.53 0.98% 18,989,468 NYSE
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The following are excerpts from Fri. morning's Blog:

A read of Friday's print editions of: The Wall St. Journal, Financial Times, The New York Times, Investor's Business Daily, USA Today, Atlanta Journal Constitution, (Ga) Daily Report & Atlanta Business Chronicle 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 Thurssday's closing price and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 10,710.55 up 29.78 or 0.28%from Wednesday's close of 10,680.77. For the year the Dow Jones Industrial Average is up 2.1%.Of the 30 Dow Companies: 19 gained and 11 declined. The biggest gainer dollar-wise was IBM $132.31 +2.08 1.6% 7,062,836 NYSE and percentage-wise was Merck NYSE. The biggest decliner dollar-wise and percentage-wise was Verizon VZ $31.22 -0.65 2.04% 20,794,969 MRK $39.99 +1.06 2.72% 21,174,702 NYSE.

WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which reports results on Fri., rose 1%.

WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. the tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

Fin Times p22 "Optimism over Intel results helps to lift retail sales gloom" by Samantha Pearson says optimism over Intel helped Wall St. shrug off an unexpected drop in retail sales and hit a fresh 15 month high.

NYT pB8 "Technology Helps lead Shares Higher a Retailers Slip" by Bloomberg says stocks advanced for a second day as tech shares climbed before Intel reported earnings. In addition, business inventories increased more than forecast, overshadowing an unexpected drop in retail sales.

Thursday's Dow Jones Industrial Average closing numerator was 1,417.21 up 3.94 from Wednesday's closing Dow numerator of 1413.27. 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 3.94 for Thursday by the divisor you get the increase in Thursday's Dow close of 29.78.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was 47.24 up 0.13 from Wednesday's Dow Jones Industrial Average closing price of $47.11. The median closing price of Thursday's Dow Jones Industrial Average was 43.69 up 0.46 from Wednesday's $43.23. The lowest volume again was 3M MMM $83.5 -0.28 0.33% 2,631,036 NYSE and the highest volume again was Bank of Am BAC $16.82 +0.20 1.2% 141,301,481 NYSE.

If Thursday 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 $483 ($141,810 - $141,327).

AT&T T $26.19 -0.45 1.69% 42,122,900 NYSE: WSJ pC10 "Telecom Stocks Stuck in Dead Zone" by Martin Peers says it is the worst of times for major mobile carriers as stocks of both AT&T and Verizon communications have missed the past year's rally completely, even as smart phones and mobile apps make mobile devices more important to consumers. Discounting from small carriers is pressuring the majors' pricing and clouding their rev growth prospects.

Alcoa AA $15.81 -0.17 1.06% 31,945,845 NYSE: WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. Tthe tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

American Express AXP $42.68 +0.53 1.26% 8,158,446 NYSE: No mentions found.

Bank of America BAC $16.82 +0.20 1.2% 141,301,481 NYSE: WSJ pC1 "Volcker Voices Views in a Vacuum" by Kate Kelly says Paul Volcker, the former Fed Reserve Chairman, in a speech on Thurs that banks such as JPMorgan Chase, Bank of America and Citicorp that blend high risk trading with traditional consumer lending faces unmanageable conflicts of interest and should be broken up.

WSJ pC3 "BofA Sees Sharp Cut in Merrill Exits" by Dan Fitzpatrick says the percentage of brokers who left BofA in 4Q '09 was half the previous year. BofA and Merrill had slightly more than 18,000 advisors when they combined and now have just less than 15,000.

Fin Times p1 Headline "Obama vow on crisis cash" by Krisha Gulha, WSJ pA1 headline "Banks Set for Record Pay" by Stephen Grocer, WSJ pA4 Obama Unveils $0 Bil Bank Tax With Sharp kords" by Jonathan Weisman, David Enrich, NYT pB1 "Taxing Banks for the Bailout" by Jackie Calmes, USA Today p1B 'Bank taxc proposal doesn't hurt stocks" by Matt Krantz say major US banks and securities firms are on pace to pay their people about $145 bil for '09, a record sum. The rapid comeback of pay on Wall St, which will be on display as firms report 4Qresults starting with JPMorgan on Fri, has exposed the industry to a mi of proposed crackdowns, including a 10 year $90 bil bank tax described for the first time Thurs by Pres. Obama. The "financial crisis responsibility fee" would affect 50 banks, insurance firms and large broker dealers but would fall most heavily on the nation's top 6 banks: Citigroup, JPMorgan Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo each of which would face an annual tax bill of $1 bil or more, with Citigroup and JPMorgan facing the largest liabilities of more than $2.4 bil a piece.

Fin Times p17 "Hershey's bar to bidding for Cadbury" by Greg Farrell, Martin Arnold, Jenny Wiggins says Hershey would not bid for Cadbury until after 1/19, the final day Kraft is allowed to modify its $16.7 bid for Cadbury. Hershey has its primary banks, JPMorgan hase, and Bank of America ready to lend funds. The problem is that if Hershey issues too much equity it will dilute control of Hershey by the charitable trust that controls Hershey and would violate Pa. law.

Boeing BA $61.56 +0.40 0.65% 2,938,198 NYSE: No mentions found.

Caterpillar CAT $61.98 -0.35 0.56% 6,117,190 NYSE: No mentions found.

Chevron CVX $79.55 -0.25 0.31% 6,704,617 NYSE: WSJ pB3 "Chevron Plaintiffs Ask US court for Action" by Angel Gonzalez, Ben Casselman says plaintiffs suing Chevron for $27 bil in alleged environmental damages in Ecuador are asking a US court to halt the firm's bid to bring the case to int'l arbitration. The lawsuit continues a murky legal saga. In Aug, Chevron, the second largest US oil firm after Exxon Mobil, released videos it said revealed a bribery scheme involving the Ecuadorean judge who had been overseeing the lawsuit.

Cisco CSCO $24.95 +0.31 1.26% 51,973,027 NASDAQ-GS: USA Today p1B "Cisco powers through recession by Jon Swartz says CEO John Chambers delivered a keynote speech at the Consumer Electronics Show last week as part of Cisco's audacious gambit to plunge into new markets by spending billions to snap up firms and partner with others, despite a sour economy. Chambers predicts 12% to 17% annual growth for Cisco in the next 5 years. Cisco had '09 rev of $36 bil, spendd $5.2 bil on r&d, and has 50 product lines including routers, switches, TelePresence videoconferencing system, home networking and collaboration software and has 64,000 employees.

WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which reorts results on Fri., rose 1%.

Coca-Cola KO $57.13 +0.10 0.18% 6,184,151 NYSE: No mentions found.

Disney DIS $31.02 -0.27 0.86% 9,219,183 NYSE: WSJ pB4 "Disney Studios Brings in Producer" by Ethan Smith says Disney Studios Chair Rich Ross further put his stamp on the firm by naming Sean Bailey as his top lieutenant, bringing in an outside film and TV producer who has been behind various Disney projects since '03. Bailey, age 40, has been overseeing production of "Iron Legacy" for Disney.

DuPont DD $34.09 -0.21 0.61% 4,341,839 NYSE: No mentions found.

ExxonMobil XOM $69.68 +0.01 0.01% 18,457,955 NYSE: WSJ pB3 "Chevron Plaintiffs Ask US court for Action" by Angel Gonzalez, Ben Casselman says plaintiffs suing Chevron for $27 bil in alleged environmental damages in Ecuador are asking a US court to halt the firm's bid to bring the case to int'l arbitration. The lawsuit continues a murky legal saga. In Aug, Chevron, the second largest US oil firm after Exxon Mobil, released videos it said revealed a bribery scheme involving the Ecuadorean judge who had been overseeing the lawsuit.

GE $16.7 -0.13 0.77% 53,931,570 NYSE: WSJ pB1 "NBC Improvises new Lineup To Fill Slot Vacated by Leno" by Sam Schechner says the GE network has cobbled together a prime time lineup packed with new reality shows, reruns and a new drama, as it prepares to plug the hourlong hole Leno will leave behind each weeknight at 10 pm.

Hewlett-Packard HPQ $52.51 +0.29 0.56% 15,982,608 NYSE: No mentions found.

Home Depot HD $28.3 0.17 +0.6% 13,123,344 NYSE: No mentions found.

Intel INTC $21.48 +0.52 2.48% 130,403,979 NASDAQ-GS: WSJ pB1 "Intel Reports Blowout Profit" by Don Clark sas Intel reported one of the most profitable quarters in its history, as it reaped even more benefits tha expected from a sharp rebound in computer sales. 4Q profit surged nearly 10 fold from the depressed year earlier period, as rev jumped 28%. Intel's closely watched gross profit margin, already expected to improve, hit an all time record for the firm. Intel of Santa Clara, Ca, makes chips and is a tech sector bellwether since it supplies the calculating engines for most PCs. For 4Q ended 12/26, Intel had income of $2.28 Bil or 40cents a share, compared with a profit n the year earlier period of $234 mil or 4 cents. Rev rose to $10.57bil from $8.23bil. Its gross profit margin was 65%.

WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which rpeorts results on Fri., rose 1%.

WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. the tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

Fin Times p22 "Optimism over Intel results helps to lift retail sales gloom" by Samantha Pearson says optimism over Intel helped Wall St. shrug off an unexpected drop in retail sales and hit a fresh 15 month high.

NYT pB1 "Intel's Bet on Innovation pays Off in Faster Chips" by Ashlee Vance says Intel last year invested $7 bil in new chip plants in Oregon, Ariz. and New Mexico and it looks as if it was a smart move as the first chips from the plants arrived this month which lets Intel make smaller, faster and lower power products than its main competitors.

IBM $132.31 +2.08 1.6% 7,062,836 NYSE: WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which rports results on Fri., rose 1%.

WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. the tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

J.P.Morgan Chase JPM $44.69 +0.44 0.99% 37,594,157 NYSE: WSJ pC1 "At J.P. Morgan, Eye on Consumer Banking" by Matthias Rieker says JPMorgan Chase on Fri becomes the first big bank to report 4Q earnings. On the investment banking side, rsullts likely will be slightly worse than in 3Q. JPMorgan is expected to post earnings of 61 cents a share, versus 6 cents a share a year earlier. Profits from bond underwriting and securities trading will have declined from 3Q.

WSJ pC1 "Volcker Voices Views in a Vacuum" by Kate Kelly says Paul Volcker, the former Fed Reserve Chairman, in a speech on Thurs that banks such as JPMorgan Chase, Bank of America and Citicorp that blend high risk trading with traditional consumer lending faces unmanageable conflicts of interest and should be broken up.

WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which reports results on Fri., rose 1%.

Fin Times p1 Headline "Obama vow on crisis cash" by Krisha Gulha, WSJ pA1 headline "Banks Set for Record Pay" by Stephen Grocer, WSJ pA4 Obama Unveils $0 Bil Bank Tax With Sharp kords" by Jonathan Weisman, David Enrich, NYT pB1 "Taxing Banks for the Bailout" by Jackie Calmes, USA Today p1B 'Bank taxc proposal doesn't hurt stocks" by Matt Krantz say major US banks and securities firms are on pace to pay their people about $145 bil for '09, a record sum. The rapid comeback of pay on Wall St, which will be on display as firms report 4Qresults starting with JPMorgan on Fri, has exposed the industry to a mi of proposed crackdowns, including a 10 year $90 bil bank tax described for the first time Thurs by Pres. Obama. The "financial crisis responsibility fee" would affect 50 banks, insurance firms and large broker dealers but would fall most heavily on the nation's top 6 banks: Citigroup, JPMorgan Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo each of which would face an annual tax bill of $1 bil or more, with Citigroup and JPMorgan facing the largest liabilities of more than $2.4 bil a piece.

Fin Times p17 "Hershey's bar to bidding for Cadbury" by Greg Farrell, Martin Arnold, Jenny Wiggins says Hershey would not bid for Cadbury until after 1/19, the final day Kraft is allowed to modify its $16.7 bid for Cadbury. Hershey has its primary banks, JPMorgan hase, and Bank of America ready to lend funds. The problem is that if Hershey issues too much equity it will dilute control of Hershey by the charitable trust that controls Hershey and would violate Pa. law.

Johnson & Johnson JNJ $65.1 +0.13 0.2% 7,782,478 NYSE: No mentions found.

Kraft KFT $29.12 -0.11 0.38% 9,896,903 NYSE: Fin Times p17 "Hershey's bar to bidding for Cadbury" by Greg Farrell, Martin Arnold, Jenny Wiggins &Lex Column at Fin Times p12 say Hershey would not bid for Cadbury until after 1/19, the final day Kraft is allowed to modify its $16.7 bid for Cadbury. Hershey has its primary banks, JPMorgan hase, and Bank of America ready to lend funds. The problem is that if Hershey issues too much equity it will dilute control of Hershey by the charitable trust that controls Hershey and would violate Pa. law.

McDonald's MCD $62.65 +0.06 0.1% 7,085,570 NYSE: No mentions found.

Merck MRK $39.99 +1.06 2.72% 21,174,702 NYSE: WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. The tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

Microsoft MSFT $30.96 +0.61 2.01% 62,135,159 NASDAQ-GS: WSJ pA6 "White House, Beijing Joust Over Censorship" by Aaron Back, Jessica E. Vascellaro says the White House came out forcefully behind Google's plan to stop censoring its search engine in China, while Beijing defended its Intenet policies. Microsoft confirmed that hackers used a security vulnerability in its Internet Explorer browser in an attack on Google.

WSJ pC1 "Dow climbs To Best Mark In 15 Months" by Peter A. McKay, Kristina Peterson says gains in tech and fin'l stocks nudged major stock indexes to new 15 month highs as the Dow closed up 0.3% and was helped by a 2.5% jump in Intel, which, after the closing bell, reported better than expected 4Q results and gave a bullish forecast, sending the stock rising further. Tech shares had risen heading into earnings season amid optimism that tech firm results would show that demand was rising. Microsoft, IBM & Cisco were among the biggest gainers in the Dow. J.P. Morgan Chase, which reorts results on Fri., rose 1%.

WSJ pC6 "Intel, IBM Lift Dow; Baidu Hits new Peak" by Donna Kardos Yesalavich says stocks rose as hopes for a strong earnings report from Intel boosted tech stocks including Microsoft and IBM, while Merck and other health care stocks were lifted by an agreement over taxing high end health plans. the tech sector gains came as investors, who had been disappointed by Alcoa's 4Q report earlier this week, were holding out hope that Intel's report would set a more positive tone for the rest of the earnings season.

Pfizer PFE $19.38 +0.17 0.88% 47,162,126 NYSE: No mentions found.

Procter & Gamble PG $61.58 +0.06 0.1% 9,030,506 NYSE: WSJ pB3 "Procter & Gamble to Test Online Store to Study Buying Habits" by Anjali Cordeiro & AJC pA16 say P&G plans to launch an online store that will sell key brands, aiming to study consumer buying habits as it counters moves by trad'l retailers, which have reduced the variety of brands they carry. P&G alrady sells its products online through the Web sites of retailers such as WalMart and says it will share what it learns with retailers that carry its brand. The new store called "eStore" will start as a pilot using 5,0000 consumers and will be owned and operated by PFSweb, an ecommerce provider which will decide on pricing and will offer mostly the big PG brands such as Tide, Pampers and Olay.

3M MMM $83.5 -0.28 0.33% 2,631,036 NYSE: No mentions found.

Travelers TRV $49.28 +0.26 0.53% 2,640,209 NYSE: No mentions found.

United Technologies UTX $72.81 +0.25 0.34% 3,548,447 NYSE: No mentions found.

Verizon VZ $31.22 -0.65 2.04% 20,794,969 NYSE: WSJ pC10 "Telecom Stocks Stuck in Dead Zone" by Martin Peers says it is the worst of times for major mobile carriers as stocks of both AT&T and Verizon communications have missed the past year's rally completely, even as smart phones and mobile apps make mobile devices mroe important to consumers. Discounting from small carriers is pressuring the majors' pricing and clouding their rev growth prospects.

WalMart WMT $54.21 -0.80 1.45% 13,671,251 NYSE: WSJ pB3 "Procter & Gamble to Test Online Store to Study Buying Habits" by Anjali Cordeiro says P&G plans to launch an online store that will sell key brands, aiming to study consumer buying habits as it counters moves by trad'l retailers, which have reduced the variety of brands they carry. P&G alrady sells its products online through the Web sites of retailers such as WalMart and says it will share what it learns with retailers that carry its brand. The new store called "eStore" will start as a pilot using 5,0000 consumers and will be owned and operated by PFSweb, an ecommerce provider which will decide on pricing and will offer mostly the big PG brands such as Tide, Pampers and Olay.

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Here are the current 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 1/13/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $335 [5]
2. Microsoft MSFT 267 [9]
3. WalMart WMT 208 [4]
4. Chevron CVX 195 [2.5]
5. Johnson & Johnson JNJ 179 [3]
6. Procter & Gamble PG 179 [3]
7. GE 177 [10.5]
8. IBM 171 [1.5]
9 JPMorgan Chase 169 [4]
10. AT&T 158 [6]
11. Pfizer PFE 153 [8]
12. Cisco CSCO 140 [6]
13. BAC 140 [8.5]
14. Coke KO 133 [2]
15. Hewlett-Packard HPQ 123 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 90 [3]
19. Merck MRK 82 [2]
20. United Technologies UTX 68 [1]
21. 3M MMM 59 [.5]
22. Disney DIS 58 [1]
23. American Express AXP 50 [1]
24. Home Depot 48 [2]
25. Boeing BA 45 [1]
26. Kraft KFT 44 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1.5]

Here are the latest SEC filings as of 1/13/10 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: 1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

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 8K 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: 1/11/10 8K re: earnings for 4Q '09 are expected to be lower than 3Q '09. Upstream earnings are projected to be in line with third quarter results as the benefit of higher commodity prices is offset by the absence of gains recognized in 3Q from approval of the Gorgon project in Australia. Downstream results are expected to be sharply lower, mainly due to significantly weaker refining margins.

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: 11/2/09 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: 1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

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: 1/12/10 Prelim. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, California.

12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 8K 1/12/10 8K re: release of 4Q earnings report on Thursday, 1/14 A public webcast of Intel’s earnings conference call will follow at 2:30 p.m. PST at www.intc.com.

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: 1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

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: 12/23/09 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: 11/184/09 8KA amending financial stmts re: the earlier announcement of 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: 12/6/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

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: 12/18/10 8K re: incorp by reference of prior filings.

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: 1/8/10 8K re: estimates that '09 adjusted EPS will be approximately 13 to 15 cents lower than '08 adjusted EPS of $2.54 and that revenues in '09 will be higher than '08. Verizon Wireless will begin providing 4G Long-Term Evolution service in 25 to 30 markets covering 100 million points of presence)by the end of '10 &within 24 months following its start of LTE service, Verizon Wireless expects to provide LTE service to 80 to 90% of the US.

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

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

WalMartWMT: 12/8/09 10Q