1/9/10 Sat. Coke and Boeing Hit by Analysts' Downgrades

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Post #234 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 Saturday's print editions of: The Wall Street Journal, Financial Times, Investors Business Daily, The New York Times, 1/11 (Mon.) issue of Investors Business Daily, Atlanta Journal Constitution, & 1/18/10 issue of Bloomberg Business Week yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and 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 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.

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.

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%.

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.

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 close of the market Friday, the current divisor for the Dow found at page B4 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 pB5 "court Skeptical of FCC's Net-Neutrality Push" by Fawn Johnson says Fed. judges questioned whether the FCC has the authority to enforce rules that require Internet providers to give equal treatment to all traffic on their networks In a hearing Fri in a dispute between the FCC and Comcast the US Ct. of Appeals for the DC Circuit asked whether the FCC acted properly when it ordered Comcast to stop blocking subscribers from using file sharing services. FCC Chairman Julius Genachowski is proposing net neutrality rules to prevent firms like Comcast, Verizon Communications Inc. and AT&T inc. from selectively blocking or slowing certain Web content. The rules could be finalized by spring, around the same time the court could be rendering a decision in the Comcast case.

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%.

AJC pA8 "Suit claims AT&T fees break tax regulations" by Peralte C. Paul says AT&T faces a potential class action lawsuit over fees its Atlanta based mobile phone unit collects related to wireless data and Internet plans. The suit filed by Robert Wilhite in US Dist. Ct. in Atlanta, argues that the fees are really taxes that AT&T is barred from collecting. It seeks unspecified damages and calls for AT&T to repay fees collected from its wireless customers.

Bus Wk p57 says that netbooks, the stripped down laptops touted by the gadget makers at the '09 Consumer Elec. Show have been pushed aside this year for even smaller mobile computers, dubbed smartbooks. Scaled down in size and computing power, smartbooks are designed to run Web apps such as Facebook and YouTube and not much else. Lenovo's Skylight is a pound lighter than the typical netbook and with over 10 hours of battery life and a hookup to AT&T's wireless network, the petite PC can be left on all day.

Bus Wk p6 says on Jan. 5 Google unveiled the Nexus One cell phone and an online store to sell it. With a powerful chip, camera, and availability on Verizon's network later this year, it could appeal to consumers worried about the spotty 3G coverage provided by the iPhone's US carrier, AT&T, who says it will sell five phones using Google's Android software in coming months.

Alcoa AA $17.02 +0.41 2.47% 32,916,710 NYSE: No mentions found.

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: WSJ pA4 Bankers to Testify Before Financial Panel"by Damian Paletta, John D. McKinnon says the Financial Crisis Inquiry Commission will require top bankers and regulators tott estify under oath in the coming week when its first public hearings get under way. Chairman Pil Angelides, a Democrat and Vice Char Bill Thomas, a Repu.l said Chairmaan of the Fed Res. Ben Bernanke, Treasury Sec'y Tim Geithner, JPMorgan Chase CEO James Dimon, Bank of America CEO Brian Moynihan, Morgan Stanley Chair John Mack, Goldman Sachs CEO Lloyd Blankfien and FDIC Chair Sheila Bair will testify during the expected 9 hearings which will be on a range of topics such as regulation, subprime lending, how firms became too big to fail, derivatives and the role of the credit rating agencies.

Inv. Bus. Daily pA2 says Citigroup cut its earnings forecasts for 4 big banks, citing lower fixed income trading for Goldman, Morgan Stanley and JPMorgan Chase (by 15 cents to 55 cents). Citi stood by its Bank of America Q4 forecast for a 66 cent loss, but cut its 2010 EPS view by 45 cents to 50 cents.

Inv. Bus. Daily pA2 says after repaying billions in gov bailout dollars, BofA, the largest US bank, sees boosting bonuses well over last year.

Boeing BA $61.6 -0.60 0.96% 7,136,612 NYSE: 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.

Caterpillar CAT $60.34 +0.67 1.12% 6,625,960 NYSE: 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.

Chevron CVX $79.47 +0.14 0.18% 5,464,351 NYSE: WSJ pA9 "Dutch Court to Decide on Shell Lawsuits" by Spencer Swartz says a Dutch civil court in The Haugue will decide Wed. whether to hear 2 lawwsuits accusing Royal Dutch Shell of failing to properly maintain pipelines that led to spills in '05 that eventually ruined some Nigerian fishing areas and farmland. Chevron and Eni Spa of Italy are other big oil firms with sizable operations in Nigeria, the world's eigth largest oil exporter. They are watching the case closely.

Cisco CSCO $24.66 +0.13 0.53% 38,020,812 NASDAQ-GS: No mentions found.

Coca-Cola KO $55.15 -1.04 1.85% 14,109,603 NYSE: 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.

WSJ pB10 "Nestle's Undercooked Deal Making" by Matthew Curtin says it was a bad move for Nestle to buy Kraft's N American frozen pizza biz as investors caused Nestle's stocks to fall 4.4% this week and now currently trades on a sector average of 9 times forward earnings before interest, tax, depreciation and amortization Top rated peers like Danone and coca cola trade at 12 times forward earnings.

Bus Wk p60 "Global Winners" by Tara Kalwarski say US multinationals that make a big chunk of rev overseas returned nearly twice the gains of the overall market in '09, according to Goldman Sachs which favors firms with high sales exposure to Brazil, Russia, India and China given the significantly higher DGP growth outlook and ranks Pfizer, Coca-Cola and Merck among the largest multinationals with a big portion of sales coming from these nations.

Disney DIS $31.88 +0.05 0.16% 7,634,020 NYSE: Fin times "The gadget gamble" by Richard Waters, Chris Nuttall & Inv Bus Daily pA5 "Qualcomm Puts Its Stamp On Smart Phones, Smart Books, More" by Patrick Seitz say faced with a growing array of mobile internet connected devices, both firms and consumers that back the wrong choice face high penalties. It discusses a number of new devices including the HP Mini 5102 saying this netbook features a screen that responds to more than one touch simultaneously and runs Microsoft's Windows and is powered by Intel's new N450 Atom processor. TheIBD story says Disney is excited about encouraging sales of Blu-ray Disc movies, the uptake of digital delivery options and the coming of home 3-D movies.

Bus Wk p15 "Why Sony is About to Snap Back" is an interview with Sir Howard Stringer by Charlie Rose and says that Stringer, CEO of Sony, is appreciative of Disney's CEO Robert Iger's support of Blu-ray technology.

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: us Wk p47 in an article by Stanley Reed about big oil fireld in the Netherlands, the Schoonebeek field says that when oil prices cratered in the 90's, Royal Dutch Shell & ExxonMobil shut the field down eve nthough only about 25% of its oil has been produced. Now with improved technology they are reopening the field.

GE $16.6 +0.35 2.15% 114,301,285 NYSE: Fin Times p10 "NBC risk comedy of erros over Leno" by Andrew edgecliffe-Johnson & WSJ pB1 "O'Brien May Jump To New Network" by Sam Schechner, Shira Ovide say Conan O'brien may jump to a rival tv network leaving the fate of GE's NBC's late night shake up in limbo. Thisresulst from the reports Thur. that NBC hopes to return Jay Leno to the 11:35 slot. One suitor is News Corp.'s Fox network. O'Brien currently hosts The Tonight Show.

Hewlett-Packard HPQ $52.59 +0.39 0.75% 10,184,509 NYSE: Fin times "The gadget gamble" by Richard Waters, Chris Nuttall, NYT pB1 "A deluge of Devices for REading and Surfing" by Brad Stone, Nick Bilton & & Inv Bus Daily pA5 "Qualcomm Puts Its Stamp On Smart Phones, Smart Books, More" by Patrick Seitz say faced with a growing array of mobile internet connected devices, both firms and consumers that back the wrong choice face high penalties. It discusses a number of new devices including the HP Mini 5102 saying this netbook features a screen that responds to more than one touch simultaneously and runs Microsoft's Windows and is powered by Intel's new N450 Atom processor. The IBD story says Disney is excited about encouraging sales of Blu-ray Disc movies, the uptake of digital delivery options and the coming of home 3-D movies.

Bus Wk p58 "Dumping the Office Desktop" by Rachael King says Offices are dumping their Dell and Hewlett-Packard desktop computers in favor of a cheaper, stripped down machines known as thin clients that are smaller, often disposable devices, made by HP and Wyse Technology that lack hard drives and leave processing and storage to a centrally located server. They cost only $200.

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: Fin times "The gadget gamble" by Richard Waters, Chris Nuttall says faced with a growing array of mobile internet connected devices, both firms and consumers that back the wrong choice face high penalties. It discusses a number of new devices including the HP Mini 5102 saying this netbook features a screen that responds to more than one touch simultaneously and runs Microsoft's Windows and is powered by Intel's new N450 Atom processor.

IBM $130.85 +1.30 1% 4,171,554 NYSE: WSJ pB5 "IBM will Offer china Financing" by Aaron Back, Paul Glader says IBM will launch a financing biz in China with chip maker Advanced Micro Devices Inc. as its first client. IBM will provide accounts receivable lending, also called factoring, to AMD, providing up front payment while IBM waits up to 4 months to receive payment from a customer.

J.P.Morgan Chase JPM $44.68 -0.11 0.25% 32,908,600 NYSE: WSJ pA4 Bankers to Testify Before Financial Panel"by Damian Paletta, John D. McKinnon says the Financial Crisis Inquiry Commission will require top bankers and regulators to testify under oath in the coming week when its first public hearings get under way. Chairman Pil Angelides, a Democrat and Vice Char Bill Thomas, a Repu.l said Chairmaan of the Fed Res. Ben Bernanke, Treasury Sec'y Tim Geithner, JPMorgan Chase CEO James Dimon, Bank of America CEO Brian Moynihan, Morgan Stanley Chair John Mack, Goldman Sachs CEO Lloyd Blankfien and FDIC Chair Sheila Bair will testify during the expected 9 hearings which will be on a range of topics such as regulation, subprime lending, how firms became too big to fail, derivatives and the role of the credit rating agencies.

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.

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 p9 "Queen Kraft closes in for decisive move on King Cadbury" by Jenny Wiggins says as the end game for Cadbury nears, Irene Rosenfeld, Kraft's ceo may soon be able to call a checkmate. Following a week of twists in the takeover battle, with Nestle ruling itself out a a potential counter bidder and Warren Buffett, Kraft's largest investor, urging Kraft not to overpay, Rosenfeld appears to be one move ahead on the chessboard and the stakes seem to have move in her favor. now that Nestle is out of the way. Kraft has a deadline of Jan. 19 to increase its offer. Similar item at us Wk p8.

WSJ pB10 "Nestle's Undercooked Deal Making" by Matthew Curtin says it was a bad move for Nestle to buy Kraft's N American frozen pizza biz as investors caused Nestle's stocks to fall 4.4% this week and now currently trades on a sector average of 9 times forward earnings before interest, tax, depreciation and amortization Top rated peers like Danone and coca cola trade at 12 times forward earnings.

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: Bus Wk p60 "Global Winners" by Tara Kalwarski say US multinationals that make a big chunk of rev overseas returned nearly twice the gains of the overall market in '09, according to Goldman Sachs which favors firms with high sales exposure to Brazil, Russia, India and China given the significantly higher DGP growth outlook and ranks Pfizer, Coca-Cola and Merck among the largest multinationals with a big portion of sales coming from these nations.

Microsoft MSFT $30.66 +0.208 0.68% 49,813,791 NASDAQ-GS: Fin times "The gadget gamble" by Richard Waters, Chris Nuttall says faced with a growing array of mobile internet connected devices, both firms and consumers that back the wrong choice face high penalties. It discusses a number of new devices including the HP Mini 5102 saying this netbook features a screen that responds to more than one touch simultaneously and runs Microsoft's Windows and is powered by Intel's new N450 Atom processor.

IBD jpB9 "Microsoft Looks to Windows 7, Cloud Systems" by Ken Hoover says Microsoft was one of the best growth stocks of the 90's but hasn't done much the past decade. Microsoft has had 3 straight years of earnings geowth until '09 and the growth is expected to continue this year and next. Lat year's launch of Windows 7 has been a success and the firm is developing Windows Azure, a system that will enable cloud computing which has become the latest tech buzzword. It means running appls and saving data ont he Internet instead of your own computer.

Bus Wk p31 "The Real Value of Tweets" by Spencer E. Ante says Google and Microsoft are paying Twitter $25 mil to crawl the short posts, or tweets, that users send out on the microblogging services which was enough for Twitter to turn a small profit in '09. But Google and Microsoft are paying roughly 3 cents for every 1,000 hat is a pittance in the world of online advertising.

Bus Wk p36 in an article about temp workers in America says for years Microsoft has been a big user of temp staffing firms. The story says temp workers representa bout 26% of the labor force and get no health insurance or other benefits.

Pfizer PFE $18.68 +0.15 0.81% 30,344,117 NYSE: Bus Wk p60 "Global Winners" by Tara Kalwarski say US multinationals that make a big chunk of rev overseas returned nearly twice the gains of the overall market in '09, according to Goldman Sachs which favors firms with high sales exposure to Brazil, Russia, India and China given the significantly higher DGP growth outlook and ranks Pfizer, Coca-Cola and Merck among the largest multinationals with a big portion of sales coming from these nations.

Procter & Gamble PG $60.44 -0.08 0.13% 8,400,560 NYSE: No mentions found.

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: No mentions found.

Verizon VZ $31.75 +0.02 0.06% 19,327,736 NYSE: WSJ pB5 "court Skeptical of FCC's Net-Neutrality Push" by Fawn Johnson says Fed. judges questioed whether the FCC has the authority to enforce rules that require Internet providers to give equal treatment to all traffic on their networks In a hearing Fri in a dispute between the FCC and Comcast the US Ct. of Appeals for the DC Circuit asked whether the FCC acted properly when it ordered Comcast to stop blocking subscribers from using file sharing services. FCC Chairman Julius Genachowski is proposing net neutrality rules to prevent firms like Comcast, Verizon Communications Inc. and AT&T inc. from selectively blocking or slowing certain Web content. The rules could be finalized by spring, around the same time the court could be rendering a decision in the Comcast case.

Bus Wk p6 says on Jan. 5 Google unveiled the Nexus One cell phone and an online store to sell it. With a powerful chip, camera, and availability on Verizon's network later this year, it could appeal to consumers worried about the spotty 3G coverage provided by the iPhone's US carrier, AT&T, who says it will sell five phones using Google's Android software in coming months.

Walmart WMT $53.33 -0.27 0.5% 11,328,792 NYSE: Bus Wk p39 in a story about the changing US labor force says today working conditions are set either by trends i nthe global economy or by nonunion firms inhe US. While GM was the largest US employer inthe 1950's, today that role is palyed by WalMart. When employment in the US recovers, it's likely to be because American workers swallow hard and accept lower pay.

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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