2/12/10 Fri. pm Dow Closes at 10,099.14 down 45.05 or 0.44%

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Post #292 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 2/1/10 and an update of the Dow 30 component's most recent SEC filings as of 2/1/10.

The Dow Jones Industrial Average closed Friday at 10,099.14 down 45.05 or 0.44% from Thursday's close of 10,144.19. For the week the Dow is up 86.91 or 0.87% from last Friday's close of 10,012.23. Of the 30 Dow Companies: 8 gained and 22 declined. The biggest gainer dollar-wise and percentage-wise was Intel INTC $20.43 +0.37 1.84% 88,438,933 NASDAQ-GS. The biggest decliner dollar-wise was 3M MMM $79.18 -1.09 1.36% 5,426,379 NYSE and percentage-wise was Alcoa AA $13.28 -0.30 2.21% 46,030,750 NYSE.

As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.43 up from Thursday morning's 16.26 (year ago it was 18.82) the P/E estimate is 12.67 unchanged from Thursday's 12.67 (year ago it was 10.06) and the current dividend yield is 2.68 down from Thursday's 2.71 (it was 3.94 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1,336.31 down 5.96 from Thursday's closing Dow numerator of 1,342.27. 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 decrease of 5.96 for Friday by the divisor you get the decrease in Friday's Dow close of 45.05. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was 44.54 down 0.20 from Thursday's Dow Jones Industrial Average closing price of $44.74. The median closing price of Friday's Dow Jones Industrial Average was 38.69 down 0.02 from Thursday's median closing price of 38.71. The lowest volume was Boeing BA $59.65 -0.94 1.55% 5,147,631 NYSE and the highest volume again was Bank of America BAC $14.45 -0.18 1.23% 161,807,997 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 $600 ($134,220 - $133,620).

Market Watch Friday 2/12/10 4:37 pm by By Peter McKay says U.S. stocks ended with moderate losses Friday, hurt by worries about the global economic recovery as China made it harder to borrow and data showed sluggish European growth. Helping the benchmark indexes off earlier lows, some technology bellwethers posted big gains, while data on U.S. retail sales were surprisingly strong. The Dow Jones Industrial Average, which posted a 160-digit point decline at its morning low, ended down 45.05 points, or 0.4%, at 10,099.14. Friday's stock decline capped a week marked by volatile moves and a series of key announcements affecting every major economy in the world. But the big swings and headlines added up to relatively modest gains for investors - a sign that many key policy questions remain unanswered. The Dow's slight loss on Friday left it with a gain of 0.9% for the week, thanks mostly to a big advance Thursday after the European Union made a general statement in support of heavily indebted Greece. The Nasdaq Composite Index rose 0.3% on Friday to 2,183.53, up 2% for the week. The S&P 500 slipped 0.3% on Friday to 1075.51, up 0.9% on the week. All its sectors fell Friday except technology, which eked out a 0.1% gain. The category's best performer was Motorola Inc., up 7.5% after it said late Thursday that it plans to split itself up into two separate companies. JDS Uniphase rose 6.6% after it decided to buy the network-testing equipment business of Agilent Technologies. Earlier in the session, the Dow tumbled as spooked investors fretted over an announcement by the People's Bank of China to raise the ratio of reserves banks must set aside by 0.5 percentage points, marking the second such action this year. The central bank has been tightening monetary policy in an attempt to restrain bank lending. Read more on China and reserves. Meanwhile, data from the European Union's statistics agency showed that combined gross domestic product in the 16 countries that use the euro rose by a weaker-than-expected 0.1% in the fourth quarter from the previous quarter and was down 2.1% on a year-to-year basis. In the third quarter, GDP rose by 0.4%. Read more on sluggish Europe. The fate of heavily indebted Greece has dominated traders' attention throughout the week. Some participants looked ahead Friday to further details of a possible EU rescue effort that may emerge from two days of meetings by EU finance ministers slated to begin on Monday, when U.S. markets will be closed for Presidents Day. Volume was light on Friday as many traders sat on the sidelines. Composite turnover in New York Stock Exchange-listed names hit 4.5 billion shares, missing the 2010 daily average around 5 billion shares. The dollar cooled. The U.S. Dollar Index, which measures the U.S. currency against a basket of six other currencies, was up 0.5%. Crude-oil futures slid, while gold futures declined. Treasurys climbed, with the 10-year note up 9/16 to yield 3.687%. On the Dow, Alcoa Inc. shares led decliners. Intel Corp. was the Dow's biggest gainer, up 1.8%.

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

AT&T T $25.07 -0.12 0.48% 33,941,640 NYSE
Alcoa AA $13.28 -0.30 2.21% 46,030,750 NYSE
American Express AXP $38.42 +0.13 0.34% 10,621,137 NYSE
Bank of America BAC $14.45 -0.18 1.23% 161,807,997 NYSE
Boeing BA $59.65 -0.94 1.55% 5,147,631 NYSE
Caterpillar CAT $56.2 +0.05 0.09% 13,418,399 NYSE
Chevron CVX $71.01 -0.72 1% 13,713,552 NYSE
Cisco CSCO $23.76 -0.17 0.71% 53,702,642 NASDAQ-GS
Coca-Cola KO $53.98 -0.24 0.44% 12,251,948 NYSE
DuPont DD $32.28 -0.27 0.83% 9,642,686 NYSE
Disney DIS $30.07 -0.09 0.3% 12,744,367 NYSE
ExxonMobil XOM $64.8 -0.44 0.67% 30,429,962 NYSE
GE $15.55 -0.22 1.4% 76,047,696 NYSE
Hewlett-Packard HPQ $48.46 +0.16 0.33% 15,692,102 NYSE
Home Depot HD $29 +0.01 0.03% 14,977,124 NYSE
Intel INTC $20.43 +0.37 1.84% 88,438,933 NASDAQ-GS
IBM $124 -0.27 0.22% 7,978,732 NYSE
JPMorgan JPM $38.95 -0.07 0.18% 37,883,099 NYSE
Johnson & Johnson JNJ $62.72 -0.19 0.3% 12,229,184 NYSE
Kraft KFT $29.09 +0.10 0.34% 64,367,796 NYSE
McDonald's MCD $63.59 -0.20 0.31% 6,706,099 NYSE
Merck MRK $36.92 +0.04 0.11% 17,809,442 NYSE
Microsoft MSFT $27.93 -0.19 0.68% 77,348,621 NASDAQ-GS
Pfizer PFE $17.8 -0.07 0.39% 50,117,165 NYSE
Procter & Gamble PG $61.76 -0.20 0.32% 16,144,482 NYSE
3M MMM $79.18 -1.09 1.36% 5,426,379 NYSE
Travelers TRV $50.45 +0.25 0.5% 5,789,186 NYSE
United Technologies UTX $65.69 -1.02 1.53% 7,929,169 NYSE
Verizon VZ $28.93 -0.11 0.38% 14,194,435 NYSE
WalMart WMT $52.9 -0.18 0.34% 17,017,773 NYSE

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The following are excerpts from Friday morning's Blog:

A read of Friday's print editions of: The Wall Street Journal, The Financial Times, Investor's Business Daily, 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 Thursday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 10, 144.19 up 105.81 or 1.05% from Wednesday's close of 10,0038.38. Year to date the Dow is down 4.04%. Of the 30 Dow Companies: 28 gained and 2 (Bank of America and WalMart) declined. For the year the Dow Jones Industrial Average is down %. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $56.15 +3 5.64% 16,395,461 NYSE. The biggest decliner dollar-wise and percentage-wise was WalMart WMT $53.08 -0.16 0.3% 11,579,194 NYSE.

WSJ pC1 "Dow Smiles At Latest on Jobs, Greece, Up 105 Points" by Peter A. McKay says the stock market posted broad gains Thurs as positive news out of Europe, the US and China gave investors heart that the global economic recovery remains on track. The Dow Jones Industrial Average rose 105.81 points, or 1.1%, to 10144.19. Investors digested statements from European leaders pledging support for debt laden Greece and welcomed upbeat economic signals elsewhere. New data indicated consumer price inflation in China is moderating. In the US a new reading of jobless claims showed a weekly decline in filings more than triple the one expected by analysts. The improvements helped entice investors into growth related stocks as well as commodities as equipment maker Caterpillar jumped 5.6%, 3M added 2.1% and Alcoa rose 3.2%. Oil, copper and gold all rose as confidence returned. Copper has now recovered its losses of last week, while crude and gold have recouped about two thirds of their decline.

WSJ pC5 "Caterpillar & Alcoa Lead Dow's Upturn" by Donna Kardos Yesalavich says stocks climbed with Caterpillar, Intel and Chevron among the gainers as better than expected US jobs data and a moderation in China's consumer price inflation prompted investors to return to growth sensitive areas of the market, including commodities. Caterpillar was the Dow's best performer, Alcoa climbed 3.2% and Chevron added 1.4%.

Fin Times p22 "Improved jobs data help S&P regain positive territory" by Samantha Pearson says Wall St turned higher Thurs after positive corp results distracted the market from lingering uncertainty over Greece. Encouraging unemployment data and better than expected corp results gave support to the market. The number of Americans filing fresh claims for unemployment benefits dropped sharply last week from 483,000 the previous week to 440,000. 3M rose 2.1% after analysts at Sanford C. Bernstein upgraded the diversified manufacturer from market perform to outperform citing better margins and the potential for growth in multi-industrial groups.

Inv. Bus. Daily pA1 "Stocks Rise, Add to Recent Positive Technical Action" by Paul Whitfield says stocks started on a hesitant note Thurs but found their footing and closed with gains, at session highs. Thursday's action was up in rising volume and the current outlook is the market is in a correction.

NYT pB7 "Prospect of Aid for Greece Gives Wall St a Boost" by Javier C. Hernandez says a promise by European leaders o come to the aid of their weaker brethren calmed US markets on Thurs, helping socks overcome an early waive of pessimism.

USA p4B "Spot of Greece news lubricates buying" by AP says relief about Europe's pledge to support Greece sent the US stock market charging higher Thurs.

Thursday's Dow Jones Industrial Average closing numerator was 1,342.27 14 from Tuesday's closing Dow numerator of 1,328.27. 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 14 for Thursday by the divisor you get the increase in Thursday's Dow close of 105.81. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 44.74 up 0.46 from Wednesday's Dow Jones Industrial Average closing price of $44.28. The median closing price of Wednesday's Dow Jones Industrial Average was 38.71 up 0.40 from Wednesday's median closing price of 38.31. The lowest volume again was Boeing BA $60.59 +1.05 1.76% 4,395,636 NYSE and the highest volume again was Bank of America BAC $ 14.63 -0.04 0.27% 140,749,345 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 $1,380 ($134,220 - 132,840).

Market Watch Thursday by 2/11/10 4:34 pm by Donna Kardos Yesalavich, Kristina Peterson, says U.S. stocks finished strongly higher Thursday after the day's economic data, plus a pledge from European Union leaders to support Greece, encouraged investors to bet the global economic recovery would stay on track. The Dow Jones Industrial Average rose 105.81 points, or 1.1%, to 10,144.19. The Nasdaq Composite rose 1.4%. The Standard & Poor's 500-share index was up nearly 1%, led by its energy and materials sectors as crude-oil futures rose above $75 a barrel and metals futures rallied. The action came as investors were heartened by a better-than-expected U.S. weekly jobs report, China data, and some progress on preventing a spiralling Greek debt crisis. U.S. stock investors for much of the session focused on a statement from European Council President Herman Van Rompuy that euro-zone countries have pledged to support Greece through its debt crisis. The pledge helped bolster the widening consensus on Wall Street that Greece's neighbors will do what is necessary to support the monetary union. Credit spreads on Greece's sovereign debt narrowed, signifying that traders assigned a little less risk to the issues. The spread between 10-year Greek bonds and benchmark German bunds hit 2.727 percentage points, its lowest level since Jan. 19, when all three major U.S. stock indexes hit their recent highs. Investors yearning for specifics on support for Greece kept the euro depressed on a day when other risk-sensitive currencies, such as the Australian dollar, rallied strongly. The euro has now ceded the gains it had made earlier in the week in anticipation of a deal to support Greece. The dollar index touched a fresh seven-month high of 80.504, though gave up some of those gains as the euro came off its lows. Gold, oil and other commodities gained, helped by improved sentiment among investors about global economic prospects. Caterpillar Inc. was the Dow industrial average's best performer with a jump of 5.6%, lifted by rising commodities prices as well as data released Thursday indicating that consumer price inflation in China is moderating.

AT&T T $25.19 +0.07 0.28% 27,439,839 NYSE: No mentions found.

Alcoa AA $13.58 +0.42 3.19% 34,108,003 NYSE: WSJ pC1 "Dow Smiles At Latest on Jobs, Greece, Up 105 Points" by Peter A. McKay says the stock market posted broad gains Thurs as positive news out of Europe, the US and China gave investors heart that the global economic recovery remains on track. The Dow Jones Industrial Average rose 105.81 points, or 1.1%, to 10144.19. Investors digested statements from European leaders pledging support for debt laden Greece and welcomed upbeat economic signals elsewhere. New data indicated consumer price inflation in China is moderating. In the US a new reading of jobless claims showed a weekly decline in filings more than triple the one expected by analysts. The improvements helped entice investors into growth related stocks as well as commodities as equipment maker Caterpillar jumped 5.6%, 3M added 2.1% and Alcoa rose 3.2%. Oil, copper and gold all rose as confidence returned. Copper has now recovered its losses of last week, while crude and gold have recouped about two thirds of their decline.

WSJ pC5 "Caterpillar & Alcoa Lead Dow's Upturn" by Donna Kardos Yesalavich says stocks climbed with Caterpillar, Intel and Chevron among the gainers as better than expected US jobs data and a moderation in China's consumer price inflation prompted investors to return to growth sensitive areas of the market, including commodities. Caterpillar was the Dow's best performer, Alcoa climbed 3.2% and Chevron added 1.4%.

American Express AXP $38.29 +0.54 1.43% 9,901,832 NYSE: No mentions found.

Bank of America BAC $14.63 -0.04 0.27% 140,749,345 NYSE: WSJ C3 says 58 year old Steele Alphin, chief admin officer and former confidant of ex-CEO Ken Lewis is retiring.

WSJ pC2 "For AIA IPO 9 Banks is enough" by Amy Or says AIA, the Asian life insurance unitof AIG will have 9 banks for its Hong Kong ipo slated for 2Q to raise up to $20 bil. Bank of America's Merrill Lynch has been added to the syndicate.

WSJ pC2 "Global Staff Will Share Bonus Pain At Barclays" by Sara Schaefer Munox says it will defer large portions of top employees bonuses. Bank of America could also reduce its global bonus pool for '10 to offset the UK's bank bonus tax.

WSJ pC1 "Small Banks Hit Snag As They Raise Cash" by Robin Sidel trust preferred securities give investors priority to recover losses if the bank collapses and cold cause some of the weaker small banks to fail since they hamper raising more capital. The large banks, such as Bank of America, have survived the crisis by being too big to fail but this doesn't work for the smaller banks.

Boeing BA $60.59 +1.05 1.76% 4,395,636 NYSE: No mentions found.

Caterpillar CAT $56.15 +3 5.64% 16,395,461 NYSE: WSJ pC1 "Dow Smiles At Latest on Jobs, Greece, Up 105 Points" by Peter A. McKay says the stock market posted broad gains Thurs as positive news out of Europe, the US and China gave investors heart that the global economic recovery remains on track. The Dow Jones Industrial Average rose 105.81 points, or 1.1%, to 10144.19. Investors digested statements from European leaders pledging support for debt laden Greece and welcomed upbeat economic signals elsewhere. New data indicated consumer price inflation in China is moderating. In the US a new reading of jobless claims showed a weekly decline in filings more than triple the one expected by analysts. The improvements helped entice investors into growth related stocks as well as commodities as equipment maker Caterpillar jumped 5.6%, 3M added 2.1% and Alcoa rose 3.2%. Oil, copper and gold all rose as confidence returned. Copper has now recovered its losses of last week, while crude and gold have recouped about two thirds of their decline.

WSJ pC5 "Caterpillar & Alcoa Lead Dow's Upturn" by Donna Kardos Yesalavich says stocks climbed with Caterpillar, Intel and Chevron among the gainers as better than expected US jobs data and a moderation in China's consumer price inflation prompted investors to return to growth sensitive areas of the market, including commodities. Caterpillar was the Dow's best performer, Alcoa climbed 3.2% and Chevron added 1.4%.

Chevron CVX $71.73 +0.98 1.39% 11,258,247 NYSE: WSJ pC5 "Caterpillar & Alcoa Lead Dow's Upturn" by Donna Kardos Yesalavich says stocks climbed with Caterpillar, Intel and Chevron among the gainers as better than expected US jobs data and a moderation in China's consumer price inflation prompted investors to return to growth sensitive areas of the market, including commodities. Caterpillar was the Dow's best performer, Alcoa climbed 3.2% and Chevron added 1.4%.

Cisco CSCO $23.93 +0.17 0.72% 42,445,202 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.22 +0.43 0.8% 13,163,563 NYSE: WSJ pB "PepsiCo's Profit Doubles" by Anjali Cordeiro says KO's major rival, Pepsi, saw its 4Q profit doubled amid prior year commodity hedging charges. It reported a 4Q profit of $1.43 bil or 90 cents a share, up from $719 mil or 46 cents a share a year earlier. Rev increased 4.5% to $13.3 bil.

USA p3B "Dividends can plump up your retirement cushion" by John Waggoner lists five S&P member stocks that have yields between 3% and 6% and except for Duke Energy are all Dow components as follows: Johnson & Johnson with a 12 month yield of 3.14% and a total return through Wed of 10.9%; Coca-Cola with a 3.12% yield for the same period and a total return of 3.1%; Intel's 12 month yield was 3.2% and total return was 36% and McDonald's 12 month yield was 3.5% with a total return of 11.5%.

AJC pA17 "Soda tax idea bubbles up in NY" by Jeremiah McWiliams says NY wants to slap a new tax on soda and the Washington based American Beverage Assoc, which represents Coke, Pepsi and others called the tax a money grab.

AJC pA17 "Coke to try to pump up Sprite" by Jeremiah McWilliams says KO is launching the first global marketing campaign for Sprite, already the world's leading lemon lime soft drink with the aim to turn around the brand's lagging fortunes in the US and encourage its surge in int'l markets. Born in '61, it was advertised in the early years as a mixer for alcoholic cocktails but is now marketed mostly to young people.

DuPont DD $32.55 +0.17 0.53% 7,124,599 NYSE: No mentions found.

Disney DIS $30.16 +0.13 0.43% 12,389,346 NYSE: No mentions found.

ExxonMobil XOM $65.24 +0.39 0.6% 23,515,573 NYSE: No mentions found.

GE $15.77 +0.08 0.51% 66,767,991 NYSE: WSJ pB1 "GE is Latest to Make Handheld Ultrasound" by Paul Glader says the makers of MRI machines and cA scanners he size of minivans are now rolling out handheld ultrasound machines just slighter larger than iPhones. GE and Siemens AG expect medical pros to carry the devices at all times like stethoscopes.

NYT pB3 "GE Aims to Put a Human Face on Its Role in Health Care" by Stephanie Clifford says GE in introducing its biggest campaign ever during the Olympics that is aimed at consumers. Called Healthyimagination, it publicizes GE's role in the world of doctors and hospital and in the US alone will cost $80 mil this year.

WSJ pB4 says GE sued Misubishi in Fed Court in Dallas for infringing on several of its 148 US patents related to wind energy.

Hewlett-Packard HPQ $48.62 +0.60 1.25% 12,855,098 NYSE: No mentions found.

Home Depot HD $28.99 +0.34 1.19% 14,584,406 NYSE: No mentions found.

Intel INTC $20.06 +0.37 1.88% 58,633,071 NASDAQ-GS: WSJ pC5 "Caterpillar & Alcoa Lead Dow's Upturn" by Donna Kardos Yesalavich says stocks climbed with Caterpillar, Intel and Chevron among the gainers as better than expected US jobs data and a moderation in China's consumer price inflation prompted investors to return to growth sensitive areas of the market, including commodities. Caterpillar was the Dow's best performer, Alcoa climbed 3.2% and Chevron added 1.4%.

USA p3B "Dividends can plump up your retirement cushion" by John Waggoner lists five S&P member stocks that have yields between 3% and 6% and except for Duke Energy are all Dow components as follows: Johnson & Johnson with a 12 month yield of 3.14% and a total return through Wed of 10.9%; Coca-Cola with a 3.12% yield for the same period and a total return of 3.1%; Intel's 12 month yield was 3.2% and total return was 36% and McDonald's 12 month yield was 3.5% with a total return of 11.5%.

IBM $123.73 +0.92 0.75% 5,087,196 NYSE: No mentions found.

J.P.Morgan Chase JPM $39.02 +0.15 0.39% 33,807,951 NYSE: Fin Times p13 "Private banking chiefs scramble to tap deep wells of Asia's wealth" by Sundeep Tucker, Robert Cookson says the world's largest banks, including JPMorgan Chase and HSBC, are scrambling to relocate their private banking chiefs to Asia to focus on opportunities in the fast growing region. Douglas Wurth, the head of JPMorgan's int'l private banking unit, relocated from NY to Hong Kong this week. The NY based bank manages $450 bil in private banking assets, half outside the US and targets individuals with at least $25 mil to invest.

Fin Times p1 "Goldman faces stark choice on Volcker Rule" by Chrystia Freeland, Francesco Guerrera says Goldman Sachs and other banks should give up their bank status if they want to avoid the ban on proprietary trading proposed by the White House, said Paul Volcker head of Pres. Obama's Economic Recovery Advisory Board. Markets are wondering how the Volcker Rule which proposes to separate proprietary trading from commercial banking, would affect groups such as Goldman and JPMorgan Chase which have proprietary trading desks and private equity units and also enjoy financial holding company status and the consequent right to borrow money from the Fed Reserve and accept retail deposits.

Johnson & Johnson JNJ $62.91 +0.18 0.29% 8,353,133 NYSE: WSJ pA3 "Stents Are Increasingly Common but Not Without Risk"by Ron Winslow says the tents, tiny metal tubes like the ones used for Bill Clinton on Thurs, are one of medicine's most common devices and are implanted in about one mil Americans annually. Since the first coronary stent was introduced by Johnson & Johnson in '94, the technology has transformed treatment for coronary arteries, enabling millions of patients to avoid or delay undergoing bypass surgery. But their arrival has also sparked a controversy over whether cardiologists use them too soon or too often. The drug coated versions are marketed mainly by Abbott Labs, Boston Scientific, Medtronic and Johnson & Johnson.

USA p3B "Dividends can plump up your retirement cushion" by John Waggoner lists five S&P member stocks that have yields between 3% and 6% and except for Duke Energy are all Dow components as follows: Johnson & Johnson with a 12 month yield of 3.14% and a total return through Wed of 10.9%; Coca-Cola with a 3.12% yield for the same period and a total return of 3.1%; Intel's 12 month yield was 3.2% and total return was 36% and McDonald's 12 month yield was 3.5% with a total return of 11.5%.

Kraft KFT $28.99 +0.06 0.21% 21,737,409 NYSE: No mentions found.

McDonald's MCD $63.79 +0.54 0.85% 7,478,176 NYSE: USA p3B "Dividends can plump up your retirement cushion" by John Waggoner lists five S&P member stocks that have yields between 3% and 6% and except for Duke Energy are all Dow components as follows: Johnson & Johnson with a 12 month yield of 3.14% and a total return through Wed of 10.9%; Coca-Cola with a 3.12% yield for the same period and a total return of 3.1%; Intel's 12 month yield was 3.2% and total return was 36% and McDonald's 12 month yield was 3.5% with a total return of 11.5%.

Merck MRK $36.88 +0.68 1.88% 14,429,436 NYSE: No mentions found.

Microsoft MSFT $28.12 +0.13 0.46% 65,953,532 NASDAQ-GS: Inv. Bus.Dailey pA "Adobe Hopes Partners Add Spark to Is Flash" by Reinhardt Krause says Adobe Systems, a newcomer in the race to build platforms to deliver wireless services, plans to unveil more support for its Web video technology at the Mobile World Congress. Still a dark horse in the race compared with Apple, Google, Microsoft, Research in Motion and Nokia, it is joining them in trying to attract application developers to their mobile platforms.

Pfizer PFE $17.87 +0.13 0.73% 54,644,905 NYSE: No mentions found.

Procter & Gamble PG $61.96 +0.29 0.47% 10,367,878 NYSE: WSJ pB1 "P&G Razor Launches in Recession's Shadw" by Ellen Byron says P&G is launching Gillette Fusion ProGlide in June, a four pack of the new manual aratridges, the first upgrade to its Fusion line since its '06 luanch will sell for $16.99.

3M MMM $80.27 +1.65 2.1% 5,521,415 NYSE: WSJ pC1 "Dow Smiles At Latest on Jobs, Greece, Up 105 Points" by Peter A. McKay says the stock market posted broad gains Thurs as positive news out of Europe, the US and China gave investors heart that the global economic recovery remains on track. The Dow Dones Industrial Average rose 105.81 points, or 1.1%, to 10144.19. Investors digested statements from European leaders pledging support for debt laden Greece and welcomed upbeat economic signals elsewhere. New data indicated consumer price inflation in China is moderating. In the US a new reading of jobless claims showed a weekly decline in filings more than triple the one expected by analysts. The improvements helped entice investors into growth related stocks as well as commodities as equipment maker Caterpillar jumped 5.6%, 3M added 2.1% and Alcoa rose 3.2%. Oil, copper and gold all rose as confidence returned. Copper has now recovered its losses of last week, while crude and gold have recouped about two thirds of their decline.

Fin Times p22 "Improved jobs data help S&P regain positive territory" by Samantha Pearson says Wall St turned higher Thurs after positive corp results distracted the market from lingering uncertainty over Greece. Encouraging unemployment data and better than expected corp results gave support to the market. The number of Americans filing fresh claims for unemployment benefits dropped sharply last week from 483,000 the previous week to 440,000. 3M rose 2.1% after analysts at Sanford C. Bernstein upgraded the diversified manufacturer from market perform to outperform citing better margins and the potential for growth in multi-industrial groups.

Travelers TRV $50.2 +0.51 1.03% 4,639,251 NYSE: No mentions found.

United Technologies UTX $66.71 +0.07 0.11% 5,504,100 NYSE: No mentions found.

Verizon VZ $29.04 +0.17 0.59% 15,000,537 NYSE: WSJ pC10 "Google's Dig at Telecom Giants" by Martin Peers says Google is going to spend up to $2 bil dollar to build a one gigabit a second broadband network to serve 500,000 in order to advance its cause for open access before the FCC. Verizon Communications already is operating a network that runs at 2.5 gigabit a second and could upgrade it to 50 megabits.

WalMart WMT $53.08 -0.16 0.3% 11,579,194 NYSE: AJC pA18 says WalMart de Mexico's 4Q profit rose 17% as it opened new stores or cut prices to draw customers in a tough economy. Net income was $440 mil in 4Q. Mexico's laragest retailer says total rev rose 11% to $6.2 bil.
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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 2/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $318 [5]
2. Microsoft MSFT 252 [9]
3. WalMart WMT 203 [4]
4. Chevron CVX 180 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 173 [10.5]
8. IBM 164 [1.5]
9 JPMorgan Chase 156 [4]
10. Pfizer PFE 152 [8]
11. AT&T 150 [6]
12. BAC 134 [8.5]
13. Cisco CSCO 131 [6]
14. Coke KO 126 [2]
15. Hewlett-Packard HPQ 113 [2]
16. Intel INTC 108 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 84 [3]
19. Merck MRK 81 [2]
20. United Technologies UTX 63 [1]
21. 3M MMM 57 [.5]
22. Disney DIS 57 [2]
23. Home Depot 48 [2]
24. American Express AXP 45 [1]
25. Boeing BA 45 [1]
26. Kraft KFT 41 [1.5]
27. Caterpillar CAT 33 [.5]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 2/1/10 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: 1/29/10 8K re: 29,500 employees represented by Communications Workers of America District 3 failed to ratify the tentative labor agreement announced on December 14, 2009.

1/28/10 8K re: 4Q earnings were $0.51 per diluted share compared with $0.41 per share for the 4Q '08. 4Q net income was $3.0 bil compared with $2.4 bil for 4Q '08. Reported earnings for the full year '09 were $2.12 per diluted share, down from $2.16 per share for the full year '0 &net income for '09 was $12.5 bil, down from $12.9 bil for '08.

Alcoa AA: 1/27/10 8K re: contributions to pension plan of stock.

1/25/10 8K re: quarterly dividend on Alcoa’s common stock and preferred stock and that a contribution was authorized of up to $600 million in Alcoa common stock to Alcoa’s defined benefit pension plans.

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.

American Express AXP: 1/25/10 8K re: increases to the annual base salaries Kenneth I. Chenault, Chairman & CEO from $1,250,000 $2,000,000; Edward P. Gilligan, Vice Chairman from $1,100,000 to $1,450,000; Stephen J. Squeri, Group President – Global Services & Chief Information Officer from $750,000 to $1,000,000; and Daniel T. Henry, Exec. VP & CFO from $700,000 to $850,000.

1/21/10 8K re: 4Q EPS of $0.59, up from $0.26 a year ago & other fin'l results.

1/15/10 8K re: owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months of Oct., Nov. and Dec. '09.

Bank of Am BAC: 1/20/10 8K re: '09 net income of $6.3 bil, compared with net income of $4.0 bil '08. Including preferred stock dividends & the negative impact from the repayment of the U.S. gov’s $45 billion preferred stock investment in the company under the Troubled Asset Relief Program, income applicable to common shareholders was a net loss of $2.2 billion, or $0.29 per diluted share.

1/15/10 8K re: Brian Moynihan, CEO's new senior management team: Steele Alphin, chief admin. officer; Cathy Bessant, Global Technology & Operations exec, David Darnell, pres. of Global Commercial Banking; Barbara Desoer, pres. of Home Loans & Insurance; Anne Finucane, global strategy & marketing officer; Sallie Krawcheck, pres. of Global Wealth & Investment Management; Tom Montag, pres. Global Banking & Markets; Ed O’Keefe, gen'. counsel; Joe Price, president of Consumer, Small Business & Card Banking; Neil Cotty interim CFO; Bruce Thompson chief risk officer; & Greg Curl will focus on key strategic partnerships critical to BAC’s global capabilities.

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.

Boeing BA: 1/27/10 8K re: 4Q '09 results: rev grew to $17.9 bil & operating margin grew to 9.4% with net income of $1.75 per share. Operating cash flow increased to $3.2 bil.

Caterpiller CAT: 1/27/10 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.

1/27/10 8K re: sales & rev of $32.39 bil for '09, a decrease of 37% from $51.32 biln in '08. Profit per share was $1.43, down 75%. 4Q sales & rev. were $7.9 bil, down 39% from 4Q '08. Profit per share for 4Q was $0.36, down 67% from 4Q '08.

Chevron CVX: 1/29/10 8K re: earnings for 4Q '09: net income was $3.1 bil, down 37% from $4.9 bil in 4Q '08.

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: 11/25/09 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: 1/22/10 Proxy Statement for '10 Annual Meeting of shareholders, which will be held on Wednesday, 3/10/10 at 10 a.m. at the JW Marriott San Antonio Hill Country in San Antonio, Texas.

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.

DuPont DD: 1/26/10 8K re: 4Q EPS of $.48 compared to a 4Q '08 loss of $.70 per share. Sales of $6.4 bil were up 10% vs prior year, led by sales growth greater than 20% for titanium dioxide, electronic materials, performance polymers & seed products.

ExxonMobil XOM: 2/1/10 8K re: 4Q results: earnings were $6,050 mil, a decrease of 23% or $1,770 mil from 4Q '08. EPS were $1.27, a decrease of 18%. Capital & exploration expenditures were $8.3 bil, up 21% from the 4Q '08.

GE: 1/22/10 8K re: 4Q ’09 EPS of $0.28; FY ’09 EPS of $1.03; rev of $41.4 bil for Quarter; $157 bi for Year.

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: 1/27/10 Def. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, Cal.

1/27/10 8K re: Electronic Data Systems Corporation, which HP acquired in '08 is a defendant in litigation filed in the United Kingdom by Sky Subscribers Services Limited and British Sky Broadcasting Limited in '04 alleging deceit, negligent misrepresentation, negligent misstatement and breach of contract. On 1/26/10, the court issued a decision finding EDS UK liable to BSkyB for deceit in one area of the claim, for negligent misrepresentation and negligent misstatement in another area of the claim, and for breach of contract. The court also dismissed all of BSkyB’s other claims. The court will issue a final quantification of damages at a later date. HP plans to appeal.

Home Depot HD: 12/3/09 10Q

Intel INTC: 1/25/10 8K re: promotions of Renee J. James, Thomas M. Kilroy, Brian M. Krzanich & Stacy J. Smith to sr. vp.

1/15/10 8K re: 4Q earnings of revenue of $10.6B, up 13% sequentially; nearly twice the average seasonal sequential growth seen in 4Q; gross margin of 64.7% was a record, and up 7 points compared to 3Q; operating income of $2.5B was down 3% sequentially, and up 62% from a year ago. Net income of $2.3B was up 23% sequentially, and up 875% from a year ago.

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

IBM: 1/29/10 8K re: compensation for its top 5 execs.

1/19/10 8K re: Record diluted earnings per share of $10.01, up 13%; 7th consecutive year of double-digit EPS growth; record net income of $13.4 bil, up 9%; gross profit margin of 45.7%, 6th consecutive year of increase; record free cash flow of $15.1 bil, up $0.8 bil.

JPMorganChase JPM: 1/25/10 8K re: amendments to By-laws re: special meetings of stockholders.

1/19/10 8K re: 4Q results.

Kraft KFT: 2/1/10 8K re: further details about the dealing facilities that will be available to accepting Cadbury Securityholders who hold their Cadbury Shares or Cadbury ADSs in certificated form.

1/27/10 8K re: Kraft reduced the number of acceptances required to fulfil the Acceptance Condition of the recommended Final Offer for Cadbury from 90% to 50% plus one Cadbury Share.

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.

McDonalds MCD: 1/26/10 8K re: compensation to execs.

1/22/10 8K re: '09 results: global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% & Asia/Pacific, Middle East & Africa 3.4%; growth in McDonald’s combined operating margin to 30.1%; consolidated operating income increase of 6% (10% in constant currencies) over the prior year; earnings per share of $4.11, up 9% over the prior year; & return of $5.1 bil to shareholders through shares repurchased & dividends paid, bringing the 3-year total to
$16.6 bil under MCD’s $15 bil to $17 bil cash return to shareholders target for '07 through '09.

1/15/10 8K re: Donald Thompson elected Pres. & Chief Operating Officer. He's been with McDonald's for 19 years.

12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

Merck MRK: 11/18/09 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: 1/28/10 10Q.

1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.

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

Pfizer PFE: 12/16/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/28/10 8K re: net sales growth of 6% for the October - December quarter to $21.0 bil. Organic sales grew 5%. Diluted net earnings per share were $1.49.

1/28/10 10Q

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: 1/28/10 8K re: 4Q earnings of $1.30 per share on sales of $6.1 bil, with operating income margins of 21.9%. Sales & per-share earnings increased 11.1% & 69% year-on-year, respectively. Profits grew at double-digit rates in each of the company’s six business segments and in all geographic regions. Free cash flow for 4Q grew by 16% to $770 million. 3M '09 sales of $23.1 bil & earnings per share of $4.52, down 8.5% & 7.6% respectively. Excluding special items, '09 earnings declined 9.3%to $4.69 per share.

Travelers TRV: 1/26/10 8K re: net income of $1.285 bil, or $2.36 per diluted share, for the quarter ended 12/31/09, compared to $801 mil, or $1.35 per diluted share, for the quarter ended 12/3108. Operating income in the current quarter was $1.155 bil, or $2.12 per diluted share, compared to $939 mil, or $1.58 per diluted share, in the prior year quarter.

United Technologies UTX: 1/27/10 8K re: 4Q '09 earnings per share of $1.15 & net income attributable to common shareowners of $1.1 bil, down 7% and 6%, respectively, over the year ago quarter. Consolidated revenues for the quarter of $14.1 billion were 5% below prior year.

Verizon Communications Inc. VZ: 1/26/10 8K re: Consolidated cash flow growth in 4Q '09: $31.6 bil in cash flow from operations in '09, up $4.0 bil, or 14.5 percent, from '08 & other financial results inlcuding a loss of 23 cents per share and adjusted earnings of 54 cents per share, compared with 4Q '08 EPS of 43 cents and 61 cents, respectively.

WalMartWMT: 1/28/10 8K re: business restructurings to leverage operating expenses consistent with its priorities of growth, leverage and returns. These include the closure of 10 Sam’s Clubs announced on 1/11/10, the elimination of Sam’s Club new business membership representatives, the new operations structure for Walmart U.S.; the integration of the Puerto Rican operations into Walmart U.S. and Sam’s Club.
The net impact from the charges for these business restructurings on 4Q earnings for fiscal year 2010 is estimated to be 0.04 per share. Walmart will announce fourth quarter earnings before the market opens on February 18, 2010.

12/8/09 10Q