2/24/10 Wed pm Dow Closes 10,374.16 up 91.75 or 0.89%

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Post #311 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 Wednesday at 10,374.16 up 91.75 or 0.89% down from Tuesday's close of 10,282.41. Of the 30 Dow Companies: 28 gained and 2 (Alcoa and Kraft) declined. The biggest gainer dollar-wise was IBM $127.59 +1.13 0.89% 4,727,636 and percentage-wise was Bank of America BAC $16.33 +0.39 2.45% 189,717,301 NYSE. The biggest decliner dollar-wise was NYSE and percentage-wise was Alcoa AA $13.06 -0.12 0.91% 36,041,183 NYSE.

As of the open of the market Wednesday, 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 16.07 down from Tuesday's open of 16.23 (year ago it was 17.62) the P/E estimate is 12.85 unchanged from Tuesday's open of 12.85 (year ago it was 11.16) and the current dividend yield is 2.65 up from Tuesday's open of 2.63 (it was 4.27 a year ago).

Wednesday's Dow Jones Industrial Average closing numerator was 1372.70 up 12.14 from Tuesday's closing Dow numerator of 1,360.56. 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 12.14 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 91.75. 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 $45.76 down 0.41 from Tuesday's Dow Jones Industrial Average closing price of $45.35. The median closing price of Wednesday's Dow Jones Industrial Average was 39.63 up 0.72 from Tuesday's median closing price of 38.91. The lowest volume was 3M MMM $80.07 +0.36 0.45% 3,476,271 NYSE and the highest volume again was Bank of America BAC $16.33 +0.39 2.45% 189,717,301 NYSE.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,230 ($137,280 - $136,050).

Market Watch Weds. Feb. 24, 2010, 4:10 p.m. by By Kate Gibson says U.S. stocks on Wednesday finished higher for the first day in three after Federal Reserve Chairman Ben Bernanke reiterated that interest rates would remain low for an extended period. "The market is breathing a sigh of relief that Bernanke didn't surprise us," said Art Hogan, chief market strategist at Jefferies & Co. "It was wait-and-see in front of this," added Hogan of the market's recent lackluster action.


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

AT&T T $24.91 +0.08 0.32% 28,765,972 NYSE
Alcoa AA $13.06 -0.12 0.91% 36,041,183 NYSE
American Express AXP $38.41 +0.48 1.27% 6,275,008 NYSE
Bank of America BAC $16.33 +0.39 2.45% 189,717,301 NYSE
Boeing BA $63.48 +0.71 1.13% 3,357,471 NYSE
Caterpillar CAT $56.96 +0.30 0.53% 5,695,070 NYSE
Chevron CVX $72.34 +0.30 0.42% 8,817,609 NYSE
Cisco CSCO $24.34 +0.29 1.21% 33,020,376 NASDAQ-GS
Coca-Cola KO $55.16 +0.33 0.6% 7,158,056 NYSE
DuPont DD $33.98 +0.30 0.89% 6,791,362 NYSE
Disney DIS $31.39 +0.47 1.52% 11,895,300 NYSE
ExxonMobil XOM $65.55 +0.61 0.94% 21,221,896 NYSE
GE $16.12 +0.17 1.07% 56,279,732 NYSE
Hewlett-Packard HPQ $50.79 +0.67 1.34% 14,892,078 NYSE
Home Depot HD $31.36 +0.61 1.98% 22,476,507 NYSE
Intel INTC $20.7 +0.312 1.53% 50,707,704 NASDAQ-GS
IBM $127.59 +1.13 0.89% 4,727,636 NYSE
J.P.Morgan Chase JPM $40.85 +0.97 2.43% 44,357,593 NYSE
Johnson & Johnson JNJ $63.45 +0.14 0.22% 8,474,580 NYSE
Kraft KFT $29.05 -0.08 0.27% 21,349,382 NYSE
McDonald's MCD $65.26 +0.39 0.6% 7,538,735 NYSE
Merck MRK $36.93 +0.42 1.15% 16,898,308 NYSE
Microsoft MSFT $28.63 +0.30 1.06% 42,703,752 NASDAQ-GS
Pfizer PFE $17.81 +0.14 0.79% 67,402,381 NYSE
Procter & Gamble PG $63.89 +0.68 1.08% 11,945,515 NYSE
3M MMM $80.07 +0.36 0.45% 3,476,271 NYSE
Travelers TRV $52.79 +0.43 0.82% 5,525,966 NYSE
United Technologies UTX $68.62 +0.83 1.22% 4,810,063 NYSE
Verizon VZ $28.96 +0.22 0.77% 12,378,855 NYSE
WalMart WMT $53.92 +0.30 0.56% 10,521,013 NYSE
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The following are excerpts from Wed. morning's Blog

A read of Wednesday's print editions of: The Wall Street Journal, Financial Times, USA Today, Investor's Business Daily, The New York Times & Atlanta Journal & Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Tuesday at 10,282.41 down 100.97 or 0.97% down from Monday's close of 10,383.38. Of the 30 Dow Companies: 3 gained and 27 declined. Year to date the Dow is down 2.46%. The biggest gainer dollar-wise was and percentage-wise was Home Depot HD $30.75 +0.43 1.42% 35,641,602 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $56.66 -1.37 2.36% 10,305,683 NYSE and percentage-wise was Alcoa AA $13.18 -0.36 2.66% 34,857,499 NYSE.

WSJ pC1 "Blue Chips Drop Again, 100.97 Points" by Peter A. McKay, Kristina Peterson says a dismal reading of consumer confidence sent stocks sliding, as worries accumulated about the pace of the US economic recovery. Economically sensitive stocks were hit hard, with Alcoa leading the decliens, falling 2.7% while Caterpillar was down 2.4%.

WSJ pC5 "Intel Gives up 2.3%; Home Depot Surges" by Kristina Peterson says stocks tumbled early Tues as an unexpectedly sharp fall in the consumer confidence index clouded the economic outlook and dragged down materials firms, including Alcoa and Caterpillar, and Intel dropped after disclosing it was hit by a Jan. cyberattack. Home Depot is charted under "Good News" saying profit topped expectations as consumers warmed up to spending on home renovation while Alcoa is charted under "Bad News" saying the decline in consumer confidence whacked materials stocks, making the aluminum maker the deepest in the red among DJIA decliners.

Inv. Bus. Daily pA1 "Stocks Tumble Broadly On Poor Consumer Reading" by Alan R. Elliott says stocks took a hard hit Tues. as a sluggish consumer confidence report raised concerns about the economic recovery. Tuesday's action was down in stronger trading. The current outlook is market is in correction.

Fin Times pA24 "Stocks pulled back by weak consumer confidence figures" by Masa Serdavec says weak US macro data dragged Wall St stocks lower yesterday, in spite of positive earnings surprises from a number of big retailing groups. The consumer confidence index dropped sharply to 46 in Feb versus 56.5 in Jan, the lowest level since April and significantly more than average economist estimates. Pulling the Dow Jones higher was Home Depot that closed 1.4% higher following the release of 4Q earnings as it reported a profit, vs a loss a year ago and comfortably beat expectations.

NYT pB8 "Markets Decline on a Sharp Drop in Consumer Confidence" by javier C. Hernandez says nervousness about the economy's udnerpinnings, particularly the plight of the American consumer, led to a steep sell off on Wall St. on Tues.

USA Today p5B "Dow suffers biggest drop in 2 weeks" by Bloomberg says stocks retreated a second session Tues as news that consumer confidence hit the lowest level since April '09 spurred concern that the economic rebound will slow. American Express, Intel and Alcoa helped drag the Dow Jones Industrial Average to its biggest decline in 2 week. ExxonMobile and Chevron paced losses in all 39 energy firms in the S&P 500 index as crude oil retreated below $79 a barrel.

USA Today p1B "Investors sweat out Fed rate increases" by Matt Krantz says for the first time in the bull market, investors are wondering if interest rates ose a danger to stocks. Concerns of higher interest rates are on investors' minds today as Fed. Reserve Chairman Ben Bernanke gives his semiannual economic report to Congress.Tuesday's Dow Jones Industrial Average closing numerator was 1360.56 down 13.36 from Monday's closing Dow numerator of 1,373.92. 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 13.36 for Tuesday by the divisor you get the decrease in Tuesday's Dow close of 100.97. 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 Tuesday's Dow Jones Industrial Average was $45.35 down 0.45 from Monday's Dow Jones Industrial Average closing price of $45.80. The median closing price of Tuesday's Dow Jones Industrial Average was 38.91 down 0.48 from Monday's median closing price of 39.39. The lowest volume was 3M MMM $79.71 -0.97 1.2% 3,983,151 NYSE and the highest volume again was Bank of America BAC $15.94 -0.27 1.67% 210,048,418 NYSE.

If Tuesday 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 $1,350 ($137,400 - $136,050).

Market Watch Tues. Feb. 23, 2010, 4:42 p.m. by Peter McKay

-- A dismal report on consumer confidence tripped up stocks Tuesday, sending the market to a second straight loss. The Dow Jones Industrial Average (INDU 10,283, -100.82, -0.97%) fell 100.97 points, or 1%, to 10,282.41. Over the last two days, the index has fallen 1.2%. The Nasdaq Composite Index (COMP 2,213, -28.59, -1.28%) fell 1.3%. The Standard & Poor's 500-stock index (SPX 1,095, -13.41, -1.21%) lost 1.2%. All its sectors traded lower. Financials, technology, industrials, energy, health care, and materials declined more than 1%. The Conference Board, a private research group, said its confidence index plunged more than 10 points this month to 46.0, far below the 55.5 reading expected by economists surveyed by MarketWatch. Any hint of weakness in consumer spending, which represents more than two-thirds of the U.S. economy, is particularly troublesome to investors at a time when a recovery is just taking shape. However, earnings released by several bellwether retailers were strong, giving some traders and analysts hope that weak sentiment might not be translating into actual behavior at cash registers. Stocks to watch
Recovery-sensitive industrial and commodity-producing stocks including Alcoa Inc. (AA 13.15, -0.03, -0.23%) , down 2.7%, Caterpillar,Inc. (CAT 56.88, +0.22, +0.39%) , down 2.4%, and Boeing Co. (BA 62.80, +0.03, +0.05%) , down 1.9%, led the decline on the Dow industrials average. Blue-chip financials were also weak, with shares in American Express (AXP 38.13, +0.20, +0.53%) and J.P. Morgan Chase Co. (JPM 39.91, +0.03, +0.08%) off more than 2% each. Shares of Home Depot Inc. (HD 30.77, +0.02, +0.07%) and Macy's Inc. (M 18.65, -0.02, -0.11%) rose more than 1%, respectively, after the retailers reporting better-than-expected earnings, though Sears Holdings (SHLD 93.85, +0.05, +0.05%) fell 1.9% after it also beat views. Nordstrom's (JWN 36.25, +0.06, +0.17%) said its fiscal fourth-quarter profit more than doubled, but it nevertheless missed expectations. Its shares edged up 0.2%. Ahead of the opening bell, the S&P Case-Shiller U.S. National Home Price Index posted a 2.5% decrease in the fourth quarter from a year earlier, a significant easing from the larger declines in the rest of 2009. Adjusted for seasonal factors, the index rose 1.6%. Read more on home prices. Among other stocks on the move, Intel Corp. (INTC 20.39, +0.00, +0.01%) shares fell 2.3% after the chip-maker said it was hit by a cyber attack in January. Microsoft Corp. (MSFT 28.43, +0.10, +0.35%) shares slid 1.4% after the technology conglomerate reached a patent licensing agreement with Amazon.com (AMZN 117.40, +0.16, +0.14%) that gives the online retailer rights to use open-source software in its Kindle electronic book reader for an undisclosed sum. Book seller Barnes & Noble (BKS 20.23, -1.28, -5.95%) shares fell more than 5% after same-store sales declined more than forecast during the quarter. In other markets, the dollar strengthened against the euro, but weakened against the yen. Treasurys shot up, with the 10-year note up 28/32 to yield 3.691%. Commodities fell.

AT&T T $24.83 -0.19 0.76% 28,503,494 NYSE: No mentions found.

Alcoa AA $13.18 -0.36 2.66% 34,857,499 NYSE: WSJ pC5 "Intel Gives up 2.3%; Home Depot Surges" by Kristina Peterson says stocks tumbled early Tues as an unexpectedly sharp fall in the consumer confidence index clouded the economic outlook and dragged down materials firms, including Alcoa and Caterpillar, and Intel dropped after disclosing it was hit by a Jan. cyberattack. Home Depot is charted under "Good News" saying profit topped expectations as consumers warmed up to spending on home renovation while Alcoa is charted under "Bad News" saying the decline in consumer confidence whacked materials stocks, making the aluminum maker the deepest in the red among DJIA decliners.

American Express AXP $37.93 -1 2.57% 9,695,662 NYSE: USA Today p5B "Dow suffers biggest drop in 2 weeks" by Bloomberg says stocks retreated a second session Tues as news that consumer confidence hit the lowest level since April '09 spurred concern that the economic rebound will slow. American Express, Intel and Alcoa helped drag the Dow Jones Industrial Average to its biggest decline in 2 week. ExxonMobile and Chevron paced losses in all 39 energy firms in the S&P 500 index as crude oil retreated below $79 a barrel.

Bank of America BAC $15.94 -0.27 1.67% 210,048,418 NYSE: Fin Times p23 "BofA's success hinges on new system and strategy call" by Masa Serdarevic says research analysts from the merger between Merrill and BofA have proved themsleves best at juging what European stocks were worth and when they should be bought or sold as they dominated this year's FT/StarMine broker rankings for European stocks.

Boeing BA $62.77 -1.20 1.88% 6,483,760 NYSE: No mentions found.

Caterpillar CAT $56.66 -1.37 2.36% 10,305,683 NYSE: WSJ pC5 "Intel Gives up 2.3%; Home Depot Surges" by Kristina Peterson says stocks tumbled early Tues as an unexpectedly sharp fall in the consumer confidence index clouded the economic outlook and dragged down materials firms, including Alcoa and Caterpillar, and Intel dropped after disclosing it was hit by a Jan. cyberattack. Home Depot is charted under "Good News" saying profit topped expectations as consumers warmed up to spending on home renovation while Alcoa is charted under "Bad News" saying the decline in consumer confidence whacked materials stocks, making the aluminum maker the deepest in the red among DJIA decliners.

Chevron CVX NYSE: USA Today p5B "Dow suffers biggest drop in 2 weeks" by Bloomberg says stocks retreated a second session Tues as news that consumer confidence hit the lowest level since April '09 spurred concern that the economic rebound will slow. American Express, Intel and Alcoa helped drag the Dow Jones Industrial Average to its biggest decline in 2 week. ExxonMobile and Chevron paced losses in all 39 energy firms in the S&P 500 index as crude oil retreated below $79 a barrel.

Cisco CSCO $24.05 -0.25 1.03% 36,274,268 NASDAQ-GS: Fin Times p15 "Cisco joins Google in the race for ultra fast braodband in US" by Stephanie Kirchgaessner, Joseph Menn says Cosco Systems is developing an ultra high speed system for Internet access with a number of US service providers. The move by Cisco, which makes telecom equipment maker comes just weeks after Google promised it would build an ultra high speed fibre optic system. The FCC, the US media regulator, is preparing to unveil its nat'l broadband strategy next month. some of Cisco's biggest customers, including At&t and Comcast, the leading telecoms and cable firms, are expected to come under pressure to invest more in high speed networks once the FCC unveils its plan.

WSJ pB5 "Intel forms Funding Alliance" by Don Clark, Pui-Wing Tam says Intel and 24 venture capital firms will invest $3.5 bil in US firms over the next 2 years, a largely symbolic gesture that underscores efforts to influence gov policies that could aid the tech sector. the effot includes a $200 mil committment for Intel's vc arm will help fund start ups in fields such as computing and info tech, so called green tech efforts and biotech. Also, a group of 17 big US firms agreed to increase the number of recent college grads they hire this year. Besides Intel, firms participating in ther ecruiting effort include Google, Microsoft, Cisco, GE, and Broadcom.

Coca-Cola KO $54.83 -0.55 0.99% 7,417,749 NYSE: No mentions found.

DuPont DD $33.68 -0.30 0.88% 6,399,476 NYSE: No mentions found.

Disney DIS $30.92 -0.20 0.64% 10,228,540 NYSE: WSJ pB4 "Disney Unit Aims to Cut 400 Jobs," NYT pB5 "ABC news Plans to Trim 300 to 400 From Staff" by Brian Stelter, Bill Carter say ABC News will offer volunary buyotus to staff members to reuce 400 positions by end of the year.

WSJ pB4 "Warner Bros. Buys Stake In videogame Developer" says Warner expanded its bet on the video game biz by buying a majority stake in Rocksteady Studios, the London based developer of the game "Batman: Arkham Asylum." Despite a recent drop off in sales of videogames, major media and entertainment firms like Time Warner, Disney and Viacom have pointed to gaming as a potential growth area as they grapple with a slowdown in other key lines of business, like advertising and DVD sales.

ExxonMobil XOM $64.94 -0.46 0.7% 33,370,120 NYSE: USA Today p5B "Dow suffers biggest drop in 2 weeks" by Bloomberg says stocks retreated a second session Tues as news that consumer confidence hit the lowest level since April '09 spurred concern that the economic rebound will slow. American Express, Intel and Alcoa helped drag the Dow Jones Industrial Average to its biggest decline in 2 week. ExxonMobile and Chevron paced losses in all 39 energy firms in the S&P 500 index as crude oil retreated below $79 a barrel.

GE $15.95 -0.30 1.85% 63,095,230 NYSE: WSJ pB10 "Tough Encore Awaits Leno" by Sam Schechner says Leno has an uphill climb to reclaim his perch atop late night TV. GE's NBC network is drawing on star power to boost his audience as he returns to host "The Tonight Show" 8 months after it turned the job over to Conan O'Brien only to watch its ratings tumble.

WSJ pB8A "GE Gets electric Car Juice" by Mara Lemos Stein says GE Energy has entered into a partnership with electric vehicle plug developer Juice Technologies LLC to integrate smart metering tech into charging devices.

WSJ pD1 "Why Won't Anyone Clean Me?" by anjali Athavaley says since most Americans clean their fridges once once or twice a year, manufacturers like GE are trying new ways to help clean the mess. GE is rolling out new refrigerators in May with 10 lighting sources instead of its usual three so food that might be forgotten in a corner and spoil will be easier to spot. It will sell for up $1,799 for stainless steel.

WSJ pB5 "Intel forms Funding Alliance" by Don Clark, Pui-Wing Tam says Intel and 24 venture capital firms will invest $3.5 bil in US firms over the next 2 years, a largely symbolic gesture that underscores efforts to influence gov policies that could aid the tech sector. the effot includes a $200 mil committment for Intel's vc arm will help fund start ups in fields such as computing and info tech, so called green tech efforts and biotech. Also, a group of 17 big US firms agreed to increase the number of recent college grads they hire this year. Besides Intel, firms participating in ther ecruiting effort include Google, Mcirosoft, Cisco, GE, and Broadcom.

Hewlett-Packard HPQ $50.12 -0.44 0.87% 12,059,450 NYSE: NYT pB1 "HP, Tech Powerhouse, Stumbles in Smartphones" by Ashlee Vance says Hewlett-Packard is one of the world's most successful makers of desktop computers, laptops, servers and printers, owns a powerful consumer brand, and is a growing provider of services for business. In 1Q its sales rose 8%. But in smartphones, HP has been on a steady slide into irrelevance as sales of its handheld products, including its iPaq smartphone, dropped to $25 mil in the quarter, down from $57 mil in the same period last year. Apple had sales of $5.6 bil for iPhones and related products during its most recent quarter.

Home Depot HD $30.75 +0.43 1.42% 35,641,602 NYSE:Inv. Bus. Daily pA2 "Home Depot beats, guides above", WSJ pB2 "Home Depot Undergoes Renovation" by Miguel Bustillo, NYT pB3 "Home Improvement Retailers See Glints of Rebound" by Stephanie Rosenbloom, USA Today p1B "Home Depot earnings beat estimates" & AJC pA9 "Home Depot Sales up" by Rachel Tobin Ramos says HD's sales & Profits were better than expected for 4Q. It is forecasting sales will increase 2.5% in '10. It had cut $1.3 bil in costs over the last 2 years. HD's prof'l customer which accounts for 30% of its sales, continues to struggle. For 4Q HD's sales were $66.2 bil, a 7.2% decline from '08, but better than the 9% decline it had forecast. Annual profit was $2.7 BIL, an increase of 17.7%. Earnings per share were up 17.2% TO $1.57. It also announced its first increase in the dividend since '06 and siad it will buy back shares. Its rival, Lowe's turned in good earnings report on Mon,w ith a 4Q profit of $205 mil. HD, the world's largest hime improvement chain is redesigning the way it sships merchandise to stores, answers customers' questions and showcases its wares on the Internet.

AJC pA10 "HD Supply investment written down to zero" by Rachel Tobin Ramos says Home Depot announced that it has written down its investment in HD supply, a company it built, then sold for $8.5 bil, down to zero. HD Supply was a $12 bil division that sold materials and heavy duty supplies to home buuilders, large apartment complexes and gov contractors.

Fin Times pA24 "Stocks pulled back by weak consumer confidence figures" by Masa Serdavec says weak US macro data dragged Wall St stocks lower yesterday, in spite of positive earnings surprises from a number of big retailing groups. The consumer confidence index dropped sharply to 46 in Feb versus 56.5 in Jan, the lowest level since April and significantly more than average economist estimates. Pulling the Dow Jones higher was Home Depot that closed 1.4% higher following the release of 4Q earnings as it reported a profit, vs a loss a year ago and comfortably beat expectations.

WSJ pC5 "Intel Gives up 2.3%; Home Depot Surges" by Kristina Peterson says stocks tumbled early Tues as an unexpectedly sharp fall in the consumer confidence index clouded the economic outlook and dragged down materials firms, including Alcoa and Caterpillar, and Intel dropped after disclosing it was hit by a Jan. cyberattack. Home Depot is charted under "Good News" saying profit topped expectations as consumers warmed up to spending on home renovation while Alcoa is charted under "Bad News" saying the decline in consumer confidence whacked materials stocks, making the aluminum maker the deepest in the red among DJIA decliners.

Intel INTC $20.388 -0.482 2.31% 62,209,895 NASDAQ-GS: Inv. Bus. Daily pA4 "Intel Puts Together Big Partners To Spark US tech" by James Detar, NYT pB2 "A $3.5 bil Effort, Fearful the US Is Slipping, Aims to Help Tech Start Ups" by Claire Cain Miller, WSJ pB5 "Intel forms Funding Alliance" by Don Clark, Pui-Wing Tam, "USA Today p1B "Intel, others invest in tech jobs" says Intel and 24 venture capital firms will invest $3.5 bil in US firms over the next 2 years, a largely symbolic gesture that underscores efforts to influence gov policies that could aid the tech sector. the effot includes a $200 mil committment for Intel's vc arm will help fund start ups in fields such as computing and info tech, so called green tech efforts and biotech. Also, a group of 17 big US firms agreed to increase the number of recent college grads they hire this year. Besides Intel, firms participating in ther ecruiting effort include Google, Mcirosoft, Cisco, GE, and Broadcom.

WSJ pB5 "Intel Says it was Cyberattack Target," Inv. Bus. Daily pA4 "Intel discloses Hacker Attack Earlier This Year" by AP say Intel was hit by an attack in Jan per its 10K annual report.

WSJ pC5 "Intel Gives up 2.3%; Home Depot Surges" by Kristina Peterson says stocks tumbled early Tues as an unexpectedly sharp fall in the consumer confidence index clouded the economic outlook and dragged down materials firms, including Alcoa and Caterpillar, and Intel dropped after disclosing it was hit by a Jan. cyberattack. Home Depot is charted under "Good News" saying profit topped expectations as consumers warmed up to spending on home renovation while Alcoa is charted under "Bad News" saying the decline in consumer confidence whacked materials stocks, making the aluminum maker the deepest in the red among DJIA decliners.

IBM $126.46 -0.39 0.31% 4,594,376 NYSE: No mentions found.

J.P.Morgan Chase JPM $39.88 -0.97 2.37% 52,184,887 NYSE: No mentions found.

Johnson & Johnson JNJ $63.31 -0.18 0.28% 12,474,221 NYSE: No mentions found.

Kraft KFT $29.13 +0.18 0.62% 27,840,109 NYSE: No mentions found.

McDonald's MCD $64.87 +0.10 0.15% 7,482,801 NYSE: WSJ pB1 "Blockbuster Plots a Remake" by Mike Spector says it has brought in restructuring advisers as it looks to shrink its debt and navigae a changing movie rental landscape. Blockbuster is being challenged by how people rent and watch movies. They are not getting them through Redbox, a unit of Coinstar that has $1 a night movie vending machines in grocery stores and Mcdonald's outlets.

Merck MRK $36.51 -0.61 1.64% 15,830,189 NYSE: No mentions found.

Microsoft MSFT $28.33 -0.40 1.39% 52,249,156 NASDAQ-GS: WSJ pB5 "Intel forms Funding Alliance" by Don Clark, Pui-Wing Tam says Intel and 24 venture capital firms will invest $3.5 bil in US firms over the next 2 years, a largely symbolic gesture that underscores efforts to influence gov policies that could aid the tech sector. the effot includes a $200 mil commitment for Intel's vc arm will help fund start ups in fields such as computing and info tech, so called green tech efforts and biotech. Also, a group of 17 big US firms agreed to increase the number of recent college grads they hire this year. Besides Intel, firms participating in ther ecruiting effort include Google, Microsoft, Cisco, GE, and Broadcom.

Pfizer PFE $17.67 -0.28 1.56% 47,809,063 NYSE: No mentions found.

Procter & Gamble PG $63.21 -0.21 0.33% 11,948,501 NYSE: Inv. Bus. Daily pB3 "Huge Sell Offs Fail to Dent P&G Dividend" by Paul Whitfield says if you look at a monthly chart of Procter & Gamble, you'll see 3 big sell offs in the past 25 years. It dropped 42% in the '87 crash, 55% in the '00 bear market and 42% in the '07-'09 collapse. But it kept paying is dividend and raising it. The last time it raised its dividend was in April '09 and that marked 53 straight years of increases.

3M MMM $79.71 -0.97 1.2% 3,983,151 NYSE: No mentions found.

Travelers TRV $52.36 -0.68 1.28% 6,095,105 NYSE: No mentions found.

United Technologies UTX $67.79 -0.61 0.89% 4,152,217 NYSE: No mentions found.

Verizon VZ $28.74 -0.26 0.9% 14,734,920 NYSE: No mentions found.

WalMart WMT $53.62 -0.21 0.39% 14,137,810 NYSE: WSJ pC14 "WalMart's Vudu in Hollywood" by Martin Peers says WalMart's purchase of Vudu, a video on demand Web service undersocres the long term threat to cable firms as more people get their movies from the Internet.
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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