Sunday, February 7, 2010

2/7/10 Sun. Coke & Disney Report Earnings on Tues

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Post #282 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.

A read of Sunday and Saturday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, Atlanta Journal Constitution & Monday's 2/8/10 Investor's Bus Daily, 2/8/10 issue of Barron's & 2/15/10 issue of Bloomberg BusinessWeek 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 stock prices and related data.

Dow: The Dow Jones Industrial Average closed Friday at 10,012.23 up 10.05 or 0.1% from Thursday's close of 10,002.18. For the week the Dow down up 65.15 or 0.65% from last Friday's close of 10067.33. Year to date the Dow Jones Industrial Average is down 3.99%. Of the 30 Dow Companies: 19 gained and 11 declined. The biggest gainer dollar-wise and percentage-wise was Intel INTC $19.47 +0.45 2.37% 87,600,470 NASDAQ-GS. The biggest decliner dollar-wise and percentage-wise was Boeing BA $58.3 -1.02 1.72% 9,176,306 NYSE.

WSJ pB1 "Stock Rebound Is a Crisis Flashback" by Mark Gongloff says stocks pulled out of a 167 point hole with a late rally Fri, capping a wild week reminiscent of the most volatile days of the credit crisis. The Dow Jones Industrial Average fell to 9835 before rallying in the last hour. Since Jan 11 stocks and gold have moved in the same direction 80% of the time.

WSJ pB2 "Tech Drive Paces a late Dow Rally" by Kristina Peterson says stocks edged higher Fri after a volatile day of trading as materials firms including Alcoa climbed following unexpected improvements in economic data and Boeing fell as investors fretted about European sovereign debt. Meanwhile, the tech sector rose, extending gains from firms reporting strong earnings the past week, including Cisco systems. Tech components led the Dow on Fri with Cisco up 2.3% extending its gains after posting better than expected earnings earlier in the week. Intel led the sector's climb, ending the day up 2.4%. Both trade on Nasdaq.

WSJ pB7 "Market Is Pounded" says a whiff of continental panic wafted across the pond, sending investors scurrying for safety this week. The greenback and Treasurys rose, as fear about debt in nations such as Greece and Portugal made investors nervous about holding euros. Stocks suffered a steep drop, which yanked the Dow Jones average below 10000 at times.

Fin Times p14 "Monthly jobs data add to uncertainty over recovery" by Samantha Pearson says US stocks see sawed yesterday after a mixed monthly jobs report created further uncertainty about the pace of the economic recovery. White the unemployment rate fell to a five month low, the labor department also reported a surprise declne in Jan. payrolls.

Inv. Bus. Daily pA1 "Stocks Erase Losses, end Mostly Higher" by Paul Whitfield says stocks counter punched to a mostly positive finish Fri after a sharp sell off earlier in the day. Friday's action was indexes revered higher in heavier volume. the current outlook is the market is in a correction.

Sun NYT Bus. p6 "is the market Priced for Perfection?" by Paul J. Lim says the stock market has changed considerably since early 2000, when the S&P 500 stock index traded at a record high valuation. Today, stocks are only about half as expensive, based on their price to earnings ratios. And theyv'e become a bit cheaper lately: the S&P 500 has fallen by more than 7% since 1/19. Yet in at least one important respect, there may be a significant parallel to the situation at the height of the tech bubble. The late Jan sell-off this year could be a sign that the mrket is again priced for perfection. 80% of the fimrs in the S&P 500 have beaten analysts' consensus forecasts for profits in 4Q & more than 2/3d have exceeded expectations for rev. The market has overlooked this good news.

Sat. NYT pB7 "Wall St. Takes a Dive and Then Resurfaces" by Javier C. Hernandez says Wall St. indexes swung wildly on Fri but ended the day higher as investors tried to look beyond fears that Europe's debt crisis would choke off global growth.

BRN's pM3 "Rising Profits Fail to Prop Up Stocks" by Kopin Tan says stocks fell for a 4th straight week, but the Dow Jones Industrial Average's first dip below 10000 this year lured buyers who believed the correction has run its course. These buyers ought to be nervous about the recent failure of good earnings news to goose further gains. Cisco systems reported its first year over year increase in rev since the credit crisis, while bellwethers like ExxonMobil annd Yum Brands delivered better than expected earnings yet stocks slumped to their lowest level in 3 months. Tan also says Eastman Kodak has been eclipsed in the imaging world by savvier, richer firms like Apple and Hewlett Packard which can outspend Kodak on the path to brighter technology.

Market Watch by Kate Gibson Friday 4:12 pm says U.S. stocks ended higher on Friday after waging a dramatic comeback in the final hour of trade, spurred by gains in commodities, with oil back above $70 a barrel. "It's less driven by an influx of bargain hunters and more the exhaustion of sellers," Art Hogan, chief market strategist at Jefferies & Co., said of the late surge.Reversing course after a near 200-point drop earlier, the Dow Jones Industrial Average added 10.05 points, or 0.1%, to 10,012.23, leaving the blue chips with a 0.6% weekly loss. The S&P 500 gained 3.08 points, or 0.3%, to 1,066.19, down 0.7% for the week. The Nasdaq Composite rose 15.69 points, or 0.7%, to 2,141.12, leaving it off 0.3% from the week-ago close.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Jrnl is 0.132319125 unchanged, the trailing P/E ratio is 16.26 upn from Friday morning's 16.23 (year ago it was 19598) the P/E estimate is 12.67 down from Friday's 12.99 (year ago it was 10.06) and the current dividend yield is 2.1 down from Friday's 2.72 (it was 3.80 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1,324.81 up 1.33 from Thursday's closing Dow numerator of 1,323.48. 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 1.33 for Friday by the divisor you get the increase in Friday's Dow close of 10.05. 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 44.16 up .04 from Thursday's Dow Jones Industrial Average closing price of $44.12. The median closing price of Friday's Dow Jones Industrial Average was 38.09 up .03 from Thursday's median closing price of 38.06. The lowest volume again was 3M MMM $78.54 -0.67 0.85% 5,051,942 NYSE and the highest volume again was Bank of Am BAC $15.025 +0.275 1.86% 286,171,344 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 $120 ($132,480 - $132,360). The WSJ pB11 on 2/6/10 said an $1,000 investment on 12/31/09 in each DJIA stock component would have returned $28,877 as of 2/6/10 when the market was at 10,012.23 or a loss of 3.74% on the $30,000 investment, including reinvested dividends.

AT&T T $25.24 +0.21 0.84% 49,335,535 NYSE: Bus. Wk. p34 "AT&T's iMess" by Roben Farzard says the iPhone has swamped AT&T's data network and sparked a consumer rebellion says on Dec. 18 at noon there was an attempt by thousands of people organized on the Internt to deliberately try to overwhelm the A&T data network. When AT&T got exclusive rights to support Applie's iPhone on its wireless network in June '07 it underestimated the iPhone's appeal figuring there would be sales of 10 mil phones in '08 instead of the 42 million hthat have been sold so far. Making matters worse is the proliferation of apps, bandwidth sucking programs, that run on smart phones. AT&T is trying to increase capacity while trying to squeeze network hogs and subtly reshae the defintition of net neutrality which allows telecom firms to dictate customers' options. Verizon, the NY based carrier has been sending signals to iPhone users for months, signaling that it isr eady to serve them as soon as AT&T's exclusive deal with Apple runs out. Verizon is already ahead of AT&T in upgrading tis slow copepr wires to fast fiber optic lines.

BusWk p80 "Turning an iPad into An iMust-Have" by Rich Jaroslovsky says Apple's new device is lovely and loaded with potential, but it won't fly unless there is cool content to go with it. In Apil a top of the line iPad connecting to AT&T's 3G network will be priced at $829.

Alcoa AA $13.1716 +0.2616 2.03% 42,752,091 NYSE: WSJ pB2 "Tech Drive Paces a late Dow Rally" by Kristina Peterson says stocks edged higher Fri after a volatile day of trading as materials firms including Alcoa climbed following unexpected improvements in economic data and Boeing fell as investors fretted about European sovereign debt. Meanwhile, the tech sector rose, extending gains from firms reporting strong earnings the past week, including Cisco systems. Tech components led the Dow on Fri with Cisco up 2.3% extending its gains after posting better than expected earnings earlier in the week. Intel led the sector's climb, ending the day up 2.4%. Both trade on Nasdaq.

WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%

American Express AXP $37.83 +0.30 0.8% 11,945,083 NYSE: BRN's p33 "A Winning Way" by Andrew Bary says a Cincinnati Accountant won the '09 Barron's forecasting challenge by saying the depressed stock of American Express would do well in '09, Walmart stock would go from doing well in '08 to doing poorly in '09. The winner holds Procter & Gamble shares.

Bank of America BAC $15.025 +0.275 1.86% 286,171,344 NYSE: WSJ pA12 "Blaming Bank of America" editorializes that New York Attorney General Andrew Cuomo is being unfair in suing Bank of America under New York's Martin Act which doesn't require him to prove Bank of America had an intent to defraud which is required to find liability in every other state. Your Blogger has been an active member of the New York Bar for over 30 years, has a lot of experience with The Martin Act and does not agree with the editorial's legal analysis.

BRN's p16 "Week in Review", FinTimes p10 "Cuomo complaint explores Curl roles in BofA intrigue" by Greg Farrell says Bank of America directors dodged a bullet in Dec when they named Brian Moynihan instead of Greg curl to replace Ken lewis as CEO if allegations filed yesterday against Lewis by NY's Atty Gen'l are true. Both men are featured in a omplaint detailing allegations of fraud against Mr. Lewis and Joe Price, BofA's former cfo. The complaint alleges that BofA sacked its general counsel, Tim Mayopoulos because he disagreed with management's decision not to disclose Merrill's mounting losses to the bank's shareholders prior to a vote on whether to acquire Merrill.

BRN's p16, (Sat's) NYT pB1 "Goldmn Chief's $9 Mil Bonus Seen by Some as Show of Resrtaint" & WSJ pA1 "Goldman Bows on CEO Pay" by Susanne Craig, Matthias Rieker says Goldman Sachs Group trying to show it is responsive to public pressure over pay said CEO Lloyd Blankfein would get a $9 mil bonus for '09, a fraction of the $68.5 mil he got in '07. Blankein's take for '09 is half of rival's Jamie Dimon at J.P.Morgan who received '09 compensation of $17 mil and Brian Moynihan of Bank of America who received $800,000 base and a total of $6 mil.

BRN's p25 "Rising Stars" by Michael Santoli says Bank of America's capital base is stabilized and has freed up TARP aid, but the integration of Merrill Lynch remains a challenge. JP Morgan is a clear winner from the crisis and has just enough Wall St. culture to compete, but not too much to take outsized risks.

BRN's pM7 charts Bank of Americs stating NY State is suing Lewis and that BofA settled SEC charges for $150 mil.

Boeing BA $58.3 -1.02 1.72% 9,176,306 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Bus. Wk p8 says enraged by US plans to sell $6.4 bil worth of helicpoters and antimissile systems to Taiwan, Beijing on 1/30 canceled military exchanges and threatened retaliation against United Technologies, Boeing, Raytheon, and Lockheed Martin all of whom manufacture munitions for Taiwan.

Caterpillar CAT $51.73 +0.33 0.64% 15,481,808 NYSE: No mentions found.

Chevron CVX $71.15 -0.22 0.31% 16,398,106 NYSE: No mentions found.

Cisco CSCO $23.7 +0.54 2.33% 98,194,165 NASDAQ-GS: AJC pA11 says a Chinese businessman who sold phony Cisco computer parts to US buyers has been sentenced to 2 and 1/2 years in fed. prison and ordered to repay nearly $800,000 to Cisco.

WSJ pB2 "Tech Drive Paces a late Dow Rally" by Kristina Peterson says stocks edged higher Fri after a volatile day of trading as materials firms including Alcoa climbed following unexpected improvements in economic data and Boeing fell as investors fretted about European sovereign debt. Meanwhile, the tech sector rose, extending gains from firms reporting strong earnings the past week, including Cisco systems. Tech components led the Dow on Fri with Cisco up 2.3% extending its gains after posting better than expected earnings earlier in the week. Intel led the sector's climb, ending the day up 2.4%. Both trade on Nasdaq.

WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Inv. Bus. Daily pB2 "Cisco Calls "Recovery 2" says CEO John Chambers said Cisco's Q2 results gives a clear indication that Cicso is entering the 2nd phase of the economic recovery.

BRN's "Market keeps Ignoring Tech's Surge" by Eric J. Savitz says Intel, Microsoft, Seagate all posted better than expected results but the market ignored them. The trend continued last week when Cisco systems disclosed results for the 2Q ended in Jan, that provided fresh evidence that the tech spending pickup is spreading from the consumer to the enterprise.

BRN's pM3 "Rising Profits Fail to Prop Up Stocks" by Kopin Tan says stocks fell for a 4th straight week, but the Dow Jones Industrial Average's first dip below 10000 this year lured buyers who believed the correction has run its course. These buyers ought to be nervous about the recent failure of good earnings news to goose further gains. Cisco systems reported its first year over year increase in rev since the credit crisis, while bellwethers like ExxonMobile and Yum Brands delivered better than expected earnings yet stocks slumped to their lowest level in 3 months. Tan also says Eastman Kodak has been eclipsed in the imaging world by savvier, richer firms like Apple and Hewlett-Packard which can outspend Kodak on the path to brighter technology.

Coca-Cola KO $53.09 -0.34 0.64% 13,945,883 NYSE: BRN's p17 & M50 says Coca-Cola reports results before the market opens on Tuesday 2/9 and Diney reports results the same day after the market closes. Coke reports Q4 results on a 9:30 am conference call, Coca-Cola Enterprise reports on 2/10 at a 10 am conference call also for 4Q and Disney's 2/9 conference call for 1Q results is at 4:30 pm.

Sun. AJC pD3 "A collector of everything Coke-related" by Jeremiah McWilliams interviews Phil Mooney, director of heritage communications at Coca-Cola. He is corporate historian for Atlanta based Coca-Cola. Fkor more than three decades, he has overseen a collection of materials ranging from corporate documents to toys to paintings of Santa Claus.

Sat. AJC p16 says Coke is ranked 6th in Super Bowl internet buzz and has a site on Facebook that lets people get a sneak peek of the Superbowl Ads.

BRN's p16 "Shopping's American Idol" says in he product of the year USA 2010 Awards last week in NY Coca-Ccola's naturally sweetened soda won an award and Procter & Gamble won 4 USA awards. P&G saw a 130% spike in UK sales of Pantene shampoo when it won an award several years ago.

Disney DIS $29.53 -0.14 0.47% 11,257,493 NYSE: BRN's p36 "Clouds on Horizon for CDNs" by Mark Veverka says Content Delivery Networks are systems of linked computers that handle rich media over the Internet, from streaming video to e-commerce transactions. Remember when videos on the Web used to take a long time to buffer. This doesn't happen now thanks to CDNs. Big users of CDN services are netflix, Disney, Time Warner and News Corp.

DuPont DD $32.68 +0.16 0.49% 9,004,787 NYSE: No mentions found.

ExxonMobil XOM $64.81 +0.09 0.14% 40,329,059 NYSE: BRN's p38 "Trusting In Dividends" by James A. Anderson interviews Don Kilbride, Portfolio Manager for Vanguard Dividend Growth Fund. The nation's largest firms, including Citigroup, GE and CBS laid siege to dividend payouts in the financial crisis. He likes Johnson & Johnson and as a defensive play, Procter & Gamble as well as Exxon Mobil, Pfizer an Walmart.

BRN's pM3 "Rising Profits Fail to Prop Up Stocks" by Kopin Tan says stocks fell for a 4th straight week, but the Dow Jones Industrial Average's first dip below 10000 this year lured buyers who believed the correction has run its course. These buyers ought to be nervous about the recent failure of good earnings news to goose further gains. Cisco systems reported its first year over year increase in rev since the credit crisis, while bellwethers like ExxonMobil annd Yum Brands delivered better than expected earnings yet stocks slumped to their lowest level in 3 months. Tan also says Eastman Kodak has been eclipsed in the imaging world by savvier, richer firms like Apple and Hewlett Packard which can outspend Kodak on the path to brighter technology.

GE $15.8001 -0.2399 1.5% 139,242,201 NYSE: Bus. Wk p46 "Take Your Meds, exercise and Spend Billions" by Chad Terhune, Arlene Weintraub says a decade ago GE experimented with a promising approach to employee health care known as disease management. They disbanded the program but now this approach has caught on.

BRN's p38 "Trusting In Dividends" by James A. Anderson interviews Don Kilbride, Portfolio Manager for Vanguard Dividend Growth Fund. The nation's largest firms, including Citigroup, GE and CBS laid siege to dividend payouts in the financial crisis. He likes Johnson & Johnson and as a defensive play, Procter & Gamble as well as Exxon Mobil, Pfizer an Walmart.

Home Depot HD $28 +0.07 0.25% 19,109,191 NYSE: No mentions found.

Hewlett-Packard HPQ $47.32 +0.29 0.62% 18,885,677 NYSE: BRN's pM3 "Rising Profits Fail to Prop Up Stocks" by Kopin Tan says stocks fell for a 4th straight week, but the Dow Jones Industrial Average's first dip below 10000 this year lured buyers who believed the correction has run its course. These buyers ought to be nervous about the recent failure of good earnings news to goose further gains. Cisco systems reported its first year over year increase in rev since the credit crisis, while bellwethers like ExxonMobil annd Yum Brands delivered better than expected earnings yet stocks slumped to their lowest level in 3 months. Tan also says Eastman Kodak has been eclipsed in the imaging world by savvier, richer firms like Apple and Hewlett Packard which can outspend Kodak on the path to brighter technology.

Intel INTC $19.47 +0.45 2.37% 87,600,470 NASDAQ-GS: WSJ pB2 "Tech Drive Paces a late Dow Rally" by Kristina Peterson says stocks edged higher Fri after a volatile day of trading as materials firms including Alcoa climbed following unexpected iprovements in economic data and Boeing fell as investors fretted about European sovereign debt. Meanwhile, the tech sector rose, extending gains from firms reporting strong earnings the past week, including Cisco systems. Tech components led the Dow on Fri with Cisco up 2.3% extending its gains after posting better than expected earnings earlier in the week. Intel led the sector's climb, ending the day up 2.4%. Both trade on Nasdaq.

BRN's "Market keeps Ignoring Tech's Surge" by Eric J. Savitz says Intel, Microsoft, Seagate all posted better than expected results but the market ignored them. The trend continued last week when Cisco systems disclosed results for the 2Q ended in Jan, that provided fresh evidence that the tech spending pickup is spreading from the consumer to the enterprise.

IBM $123.63 +0.63 0.51% 8,036,439 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

BRN's p31 "Not Bad for Gov Work" by jack Willoughby discussed Computer Sciences Inc. and does outsourcing contracts for firms such as IBM.

JPMorgan Chase JPM $38.34 -0.01 0.03% 71,334,271 NYSE: (Sat's) NYT pB1 "Goldmn Chief's $9 Mil Bonus Seen by Some as Show of Resrtaint" & WSJ pA1 "Goldman Bows on CEO Pay" by Susanne Craig, Matthias Rieker says Goldman Sachs Group trying to show it is responsive to public pressure over pay said CEO Lloyd Blankfein would get a $9 mil bonus for '09, a fraction of the $68.5 mil he got in '07. Blankein's take for '09 is half of rival's Jamie Dimon at J.P.Morgan who received '09 compensation of $17 mil and Brian Moynihan of Bank of America who received $800,000 base and a total of $6 mil.

BRN's p16, Fin Times p10 "Dimon takes $17 mil bonus in stock" by Francesco Guerrera says Dimon will receive an all stock bonus of $17 mil in stock.

Johnson & Johnson JNJ $62.65 +0.01 0.02% 15,817,599 NYSE: Bus Wk p10 "says Boston Scientific has agreed to pay $1.73 bil to Johnson & Johnson's Cordis unit to settle a patent fight over heart stents, the tiny mesh tubes that prop open clogged arteries.

Kraft KFT $28.42 +0.03 0.11% 49,951,093 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Inv. Bus. Daily pA2 says Cadbury's shares will stop trading on the London Stock Exchange in 20 days, when Kraft expects to have secured 90% of their shares, they now have 75% of Cadbury shares.

BRN's pM9 noted that Kraft sold $9.5 bil in debt last week to fund its purhae of Cadbury.

McDonald's MCD $63.4 -0.66 1.03% 13,348,036 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Merck MRK $36.73 -0.37 1% 21,684,645 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%

Microsoft MSFT $28.02 +0.18 0.65% 79,460,473 NASDAQ-GS: BRN's "Market keeps Ignoring Tech's Surge" by Eric J. Savitz says Intel, Microsoft, Seagate all posted better than expected results but the market ignored them. The trend continued last week when Cisco systems disclosed results for the 2Q ended in Jan, that provided fresh evidence that the tech spending pickup is spreading from the consumer to the enterprise.

Pfizer PFE $17.93 -0.10 0.55% 87,229,114 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

BRN's p38 "Trusting In Dividends" by James A. Anderson interviews Don Kilbride, Portfolio Manager for Vanguard Dividend Growth Fund. The nation's largest firms, including Citigroup, GE and CBS laid siege to dividend payouts in the financial crisis. He likes Johnson & Johnson and as a defensive play, Procter & Gamble as well as Exxon Mobil, Pfizer an Walmart.

Procter & Gamble PG $61.3 -0.10 0.16% 14,603,102 NYSE: Inv. Bus. Dail pB9 "Cosmetics Rise On Strength In Overseas Sales" by Alan R. Elliott saysthe cosmetics and personal care group often plays a defensive role during troubled markets. Group members like Colgate Palmolive and Procter & Gamble make household goods that people will buy even when times are hard.

BRN's p16 "Shopping's American Idol" says in he product of the year USA 2010 Awards last week in NY Coca-Ccola's naturally sweetened soda won an award and Procter & Gamble won 4 USA awards. P&G saw a 130% spike in UK sales of Pantene shampoo when it won an award several years ago.

BRN's p33 "A Winning Way" by Andrew Bary says a Cincinnati Accountant won the '09 Barron's forecasting challenge by saying the depressed stock of American Express would do well in '09, Walmart stock would go from doing well in '08 to doing poorly in '09. The winner holds Procter & Gamble shares.

BRN's p38 "Trusting In Dividends" by James A. Anderson interviews Don Kilbride, Portfolio Manager for Vanguard Dividend Growth Fund. The nation's largest firms, including Citigroup, GE and CBS laid siege to dividend payouts in the financial crisis. He likes Johnson & Johnson and as a defensive play, Procter & Gamble as well as Exxon Mobil, Pfizer an Walmart.

3M MMM $78.54 -0.67 0.85% 5,051,942 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Travelers TRV $50.28 +0.55 1.11% 6,488,935 NYSE: No mentions found.

United Technologies UTX $66.5 +0.12 0.18% 7,647,333 NYSE: Bus. Wk p8 says enraged by US plans to sell $6.4 bil worth of helicpoters and antimissile systems to Taiwan, Beijing on 1/30 canceled military exchanges and threatened retaliation against United Technologies, Boeing, Raytheon, and Lackheed Martin all of whom manufacture munitions for Taiwan.

Verizon VZ $28.73 +0.10 0.35% 22,620,561 NYSE: WSJ pB11 "A Week in the Life of the DJA" says for the past week Cisco was the biggest gainer for the week gaining 5.47% followed by Alcoa with a gain of 3.53%, Kraft up 2.82%, McDonald's up 1.51% and IBM up 0.92%. The 5 worst performers were Merck down 3.80%, Pfizer down 3.75%, Boeing down 3.63%, 3M down 2.42% and Verizon down 2.31%.

Bus. Wk. p34 "AT&T's iMess" by Roben Farzard says the iPhone has swamped AT&T's data network and sparked a consumer rebellion says on Dec. 18 at noon there was an attempt by thousands of people organized on the Internt to deliberately try to overwhelm the A&T data network. When AT&T got exclusive rights to support Applie's iPhone on its wireless network in June '07 it underestimated the iPhone's appeal figuring there would be sales of 10 mil phones in '08 instead of the 42 million hthat have been sold so far. Making matters worse is the proliferation of apps, bandwidth sucking programs, that run on smart phones. AT&T is trying to increase capacity while trying to squeeze network hogs and subtly reshae the defintiion of net neutrality which allows telecom firms to dictate customers' options. Verizon, the NY based carrier has been sending signals to iPhone users for months, signaling that it isr eady to serve them as soon as AT&T's exclusive deal with Apple runs out. Verizon is already ahead of AT&T in upgrading tis slow copepr wires to fast fiber optic lines.

WalMart WMT $53.45 +0.48 0.91% 15,343,975 NYSE: WSJ pB16" WalMart Spices Up Private Label" by John Jannarone says a weaker opponent can put up a good fight in a tug of war, but once the rope slips, recovery becomes a long shot. Such is the position of some brand name food firms trying to hold their ground against generic competitors. Private label sales were 13.4% of a basket of US groceries in '94, but were 17.5% in '09 due to a tougher economy. Walmart has scrambled to offer ore generic foods in recent years. McCormick, the spice maker, generates 11% of its rev from WalMart by selling brand name spices but Walmart has considered switching to private label spices, testing the idea by replacing McCormick products with generics in some stores.

BRN's p33 "A Winning Way" by Andrew Bary says a Cincinnati Accountant won the '09 Barron's forecasting challenge by saying the depressed stock of American Express would do well in '09, Walmart stock would go from doing well in '08 to doing poorly in '09. The winner holds Procter & Gamble shares.

BRN's p38 "Trusting In Dividends" by James A. Anderson interviews Don Kilbride, Portfolio Manager for Vanguard Dividend Growth Fund. The nation's largest firms, including Citigroup, GE and CBS laid siege to dividend payouts in the financial crisis. He likes Johnson & Johnson and as a defensive play, Procter & Gamble as well as Exxon Mobil, Pfizer an Walmart.

BRN's p28 "Good Neighbors" by shirley A. Lazo says WalMart de Mexico is poised for an 11.5% dividend rise, so it can sustain its historical payout ratio of 30 to 35%.