2/8/10 Mon. pm Dow Closes 9,908.39 Down 103.84 or 1.04%

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Post #284 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 Monday at 9,908.39 down 103.84 or 1.04% from Friday's close of 10,012.23. Of the 30 Dow Companies: 2 (Home Dept & Hewlett-Packard) gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was Home Depot HD $28.59 +0.61 2.18% 25,850,669 NYSE. The biggest decliner dollar-wise was IBM $121.88 -1.64 1.33% 5,639,846 NYSE and percentage-wise was Bank of America BAC $14.48 -0.52 3.47% 205,751,568 NYSE.

As of the open of the market Monday, 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 up from Friday morning's 16.23 (year ago it was 19.59) 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).

Monday's Dow Jones Industrial Average closing numerator was 1,311.07 down 13.74 from Friday's closing Dow numerator of 1,324.81. 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 13.74 for Monday by the divisor you get the decrease in Monday's Dow close of 103.84. 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 Monday's Dow Jones Industrial Average was 43.70 down .46 from Friday's Dow Jones Industrial Average closing price of $44.16. The median closing price of Monday's Dow Jones Industrial Average was 37.25 down 0.84 from Friday's median closing price of 38.09. The lowest volume again was 3M MMM $77.53 -1.01 1.29% 4,400,548 NYSE and the highest volume again was Bank of Am BAC $14.48 -0.52 3.47% 205,751,568 NYSE.

If Monday 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 $1,380 ($132,480 - $131,100).

MarketWatch 4:33 pm Mon. by Peter McKay, Kristina Peterson, Donna Kardos Yesalavich says a slump in financial stocks Monday sent the Dow Jones Industrial Average to its first close below 10,000 in three months as concerns about the global economy and U.S. interest-rate policy simmered. The Dow fell 103.84 points, or 1%, to 9908.39, near its intraday low in a session that saw selling accelerate into the closing bell. The Dow average was led lower by a 3.5% decline in Bank of America Corp. while American Express fell 2.8%, Travelers fell 2.5%, and J.P. Morgan Chase JPM fell 1.6%. Investors weighed a report in The Wall Street Journal that Federal Reserve Chairman Ben Bernanke will begin laying the groundwork for credit tightening later in the year, bringing to a close a period of historically low interest rates that have made it easier for ailing banks to book big profits. The Dow slipped below 10,000 in each of the previous two trading sessions but in each case was rescued from a finish below the milestone as bargain hunters swooped in before the closing bell. Traders said that the round-number level, which the Dow has repeatedly crossed over the past decade, still carries some psychological significance in its own right. Under the current circumstances, many are also curious whether it might be a stepping stone on the way to a 10% correction for the market, which many Wall Street veterans believe is overdue. The Dow is now down 7.6% from its 15-month high set Jan. 19. "This is the first time in three months that I think we've moved into a lower trading range," said portfolio manager Uri Landesman, of ING Investment Management. "Clearly, the sovereign-debt worries are first and foremost for the market right now. We're going to need some more clarity on that before we establish a new trend." Keith Springer, president of Capital Financial Advisory Services, noted that market watchers had been saying for months that a pullback has been necessary, but now that the rally in stocks has come to a pause for several weeks, it has been met with increased fear and concern. In other markets, the dollar weakened against both the euro and the Japanese yen. Crude oil futures edged higher and gold futures rose, snapping a three-day losing streak. Treasurys were little changed, with the 10-year note off 1/32 to yield 3.573%.

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

AT&T T $24.98 -0.26 1.03% 26,865,764 NYSE
Alcoa AA $13.06 -0.12 0.91% 39,099,242 NYSE
American Express AXP $36.79 -1.06 2.8% 9,186,406 NYSE
Bank of America BAC $14.48 -0.52 3.47% 205,751,568 NYSE
Boeing BA $57.89 -0.51 0.87% 4,690,204 NYSE
Caterpillar CAT $50.78 -0.97 1.87% 8,618,392 NYSE
Chevron CVX $70.13 -1.05 1.48% 11,472,017 NYSE
Cisco CSCO $23.499 -0.201 0.85% 69,458,553 NASDAQ-GS
Coca-Cola KO $52.65 -0.44 0.83% 8,251,926 NYSE
Disney DIS $29.48 -0.06 0.2% 10,563,802 NYSE
DuPont DD $32.19 -0.54 1.65% 5,533,403 NYSE
ExxonMobil XOM $64.35 -0.45 0.69% 30,190,801 NYSE
GE $15.6 -0.19 1.2% 69,731,778 NYSE
Home Depot HD $28.59 +0.61 2.18% 25,850,669 NYSE
Hewlett-Packard HPQ $47.59 +0.27 0.57% 17,468,019 NYSE
Intel INTC $19.35 -0.12 0.62% 62,356,638 NASDAQ-GS
IBM $121.88 -1.64 1.33% 5,639,846 NYSE
J.P.Morgan Chase JPM $37.7 -0.60 1.57% 57,611,338 NYSE
Johnson & Johnson JNJ $62.37 -0.27 0.43% 9,942,430 NYSE
Kraft KFT $28.36 -0.08 0.28% 20,214,392 NYSE
McDonald's MCD $62.92 -0.45 0.71% 6,913,626 NYSE
Merck MRK $36.59 -0.14 0.38% 10,057,018 NYSE
Microsoft MSFT $27.72 -0.30 1.07% 52,253,358 NASDAQ-GS
Pfizer PFE $17.84 -0.12 0.67% 55,248,180 NYSE
Procter & Gamble PG $61.01 -0.29 0.47% 11,398,250 NYSE
3M MMM $77.53 -1.01 1.29% 4,400,548 NYSE
Travelers TRV $49.05 -1.23 2.45% 5,132,605 NYSE
United Technologies UTX $65.4 -1.10 1.65% 5,219,700 NYSE
Verizon VZ $28.37 -0.37 1.29% 16,559,680 NYSE
WalMart WMT $52.93 -0.52 0.97% 10,286,857 NYSE
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The following are excerpts from Monday morning's Blog:

A read of Monday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, USA Today Atlanta Journal Constitution, (Ga) Daily Report & Investors Business Daily (released Sat) 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.

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.

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: NYT pB2 "Stuck With Each Other" by Antony Currie, Alexander Smith says Deutsche telekom's foray into the US has been costly for shareholders as its T-Mobile USA unit ranks a distant fourth in the cellphone market and its network needs upgrading and its reach remains limited. Linking up with smaller players like MetroPCS and Leap would do little to close the gap with Verizon Wireless and AT&T.

NYT pB4 "AT&T to Allow TV Over 3G" by Brad Stone says AT&T announced that it wold allow the SlingPlayer iPhone app to stream over its 3G network. SlingPlayer allows users with a Slingbox at home to watchand contorl theirhome TV fromt heir handsets.

Alcoa AA $13.1716 +0.2616 2.03% 42,752,091 NYSE: No mentions found.

American Express AXP $37.83 +0.30 0.8% 11,945,083 NYSE: WSJ pR3 "Built on Plastic" by Rob Johnson says credit cards may be the only source of financing hese days for start-ups and American Express says even in the current economic environment, American Express is eager to issue new cards to small business owners.

USA Today p8B ranked the Super Bowl Adds and among the Dow Jones components who advertised the Coke Ad about a sleepwalker was the top ranked at 5th overall; , Disney's ad promoting Alice In Wonderland was 30th, Intel's ad about an engineer in a lunchroom was 40th, another Disney ad was 44th advertising Prince of Persia. It lists prior winners and say in 1989 American Express won with an ad about Dana Carvey and Jon Lovitz going to the Superbowl.

Bank of America BAC $15.025 +0.275 1.86% 286,171,344 NYSE: Fin Times p16 "BofA seeks new SEC settlement" by Greg Farrell says Bank of America will return to a NY court today to learn if its settlement with the SEC of $150 mil will be approved by a judge who rejected an earlier deal of $33 mil.

WSJ pA1 "Merrill's Ex-Chief Is Back, Atop CIT" by Susanne Craig, Mike Spector, NYT pB1 "After Merrill, a Quieter Life for Thain as CIT's New Chief" by Michael J. de la Merced & USA Today p 1B say former Merrill Lynch ceo John Thain is joining embattled lender CIT Group, Inc. bringing together 2 prominent casualties of he credit crisis. Than left Bank of America 14 months ago amid controversy over its takeover of Merrill. CIT is a major lender to small businesses and it nearly collapsed in '09, a couple of years after it expanded into subprime mortgages and student lending.

Daily Report p6 "BofA e-mails show Lehamn was buy target" by Linda Sandler, Bloomberg say NY AG Cuomo has claimed that e-mails show that the target for BofA was at first Lehman not Merrill and that Bank of America bought Merrill after examining its books for just 25 hours.

Boeing BA $58.3 -1.02 1.72% 9,176,306 NYSE: No mentions found.

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: 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.

Coca-Cola KO $53.09 -0.34 0.64% 13,945,883 NYSE: WSJ pB1 "Denny's, Coke, Snickers Score Big in Ad Bowl" by Suzanne Vranica & NY pB3 "In Commercials, The Nostalgia Bowl" by Stuart Elliott says hitting the right note was Coca-Cola's spot about the financial meltdown of a cartoon billionaire. Also mentioned was a spot featuring naked office workers in an ad for Careerbuilder.com, the online job board owned by Microsoft, Gannett,, Tribune and McClatchy.

Fin Times p22 & NYT pB2 say Coca-Cola reports earnings on Tuesday 2/9 and Pepsi reports on Thurs. Coke is expected to have net income of 66 cents a share for the 4Q, up 2 cents on the previous year.

USA Today p8B ranked the Super Bowl Adds and among the Dow Jones components who advertised the Coke Ad about a sleepwalker was the top ranked at 5th overall; , Disney's ad promoting Alice In Wonderland was 30th, Intel's ad about an engineer in a lunchroom was 40th, another Dliseny ad was 44th advertising Prince of Persia.

Disney DIS $29.53 -0.14 0.47% 11,257,493 NYSE: WSJ pC10 "Should TV Take Bite Out of Apple Playbook?" by Martin Peers says existing TV arrangements under which cable operators sell packages of channels on behalf of media firms is is fraying. Fights between the two sides over subscription fees are increasing such as the one looming this year when Time Warner Cable's distribution agreement with Disney's channels, including ABC and ESPN, comes up for renewal. Consumers are dissatisfied with the structure of cable TV packages and operators and tv networks need to offer a variety of packages some of which might be smaller. A better approach would be for cable operators to get out of the business of packaging channels and just sell access to their pipes, letting network owners market their programing directly to consumers. This is who Apple's iPad book store will operate, as a storefront for book publishers to sell their books with Apple taking a 30% cut.

NYT pB2 says Disney will report earnings on Tues and Coke will report on Mon.

USA Today p8B ranked the Super Bowl Adds and among the Dow Jones components who advertised the Coke Ad about a sleepwalker was the top ranked at 5th overall; , Disney's ad promoting Alice In Wonderland was 30th, Intel's ad about an engineer in a lunchroom was 40th, another Dliseny ad was 44th advertising Prince of Persia. It lists prior winners and say in 1989 American Express won with an ad about Dana Carvey and Jon Lovitz going to the Superbowl.

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: No mentions found.

GE $15.8001 -0.2399 1.5% 139,242,201 NYSE: No mentions found.

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: WSJ pB5 "IBM Launches Next Generation of Chips and Servers" by Paul Glader, Don Clark says IBM is introudcing chips and systems hat use them, hoping to extend its recent lead in the market for nidrange servers. its Power7 chip, is 4 times faster than its predecessor. It is also announcing new servers for chores like processing cancer research data, managing electrical grids and analytics for fin'l institutions. Sales of these systems, which run versions of the Unix operating system, total about $14 bil a year. On Monday, Intel is expected to introduce a long delayed version of its high end Itanium product family, a separate product family from the x86 chips used in most PCs and lower priced servers. Intel's latest Itanium, a massive chip with 2 bil transistors that is code named Tukwila is expected to be used by customers that include Hewlett-Packard, the firm that helped develop the original Itanium design in the 1990's.

Intel INTC $19.47 +0.45 2.37% 87,600,470 NASDAQ-GS: WSJ pB5 "IBM Launches Next Generation of Chips and Servers" by Paul Glader, Don Clark says IBM is introudcing chips and systems hat use them, hoping to extend its recent lead in the market for nidrange servers. its Power7 chip, is 4 times faster than its predecessor. It is also announcing new servers for chores like processing cancer research data, managing electrical grids and analytics for fin'l institutions. Sales of these systems, which run versions of the Unix operating system, total about $14 bil a year. On Monday, Intel is expected to introduce a long delayed version of its high end Itanium product family, a separate product family from the x86 chips used in most PCs and lower priced servers. Intel's latest Itanium, a massive chip with 2 bil transistors that is code named Tukwila is expected to be used by customers that include Hewlett-Packard, the firm that helped develop the original Itanium design in the 1990's.

USA Today p8B ranked the Super Bowl Adds and among the Dow Jones components who advertised the Coke Ad about a sleepwalker was the top ranked at 5th overall; , Disney's ad promoting Alice In Wonderland was 30th, Intel's ad about an engineer in a lunchroom was 40th, another Dliseny ad was 44th advertising Prince of Persia.

IBM $123.63 +0.63 0.51% 8,036,439 NYSE: WSJ pB5 "IBM Launches Next Generation of Chips and Servers" by Paul Glader, Don Clark says IBM is introudcing chips and systems hat use them, hoping to extend its recent lead in the market for nidrange servers. its Power7 chip, is 4 times faster than its predecessor. It is also announcing new servers for chores like processing cancer research data, managing electrical grids and analytics for fin'l institutions. Sales of these systems, which run versions of the Unix operating system, total about $14 bil a year. On Monday, Intel is expected to introduce a long delayed version of its high end Itanium product family, a separate product family from the x86 chips used in most PCs and lower priced servers. Intel's latest Itanium, a massive chip with 2 bil transistors that is code named Tukwila is expected to be used by customers that include Hewlett-Packard, the firm that helped develop the original Itanium design in the 1990's.

JPMorgan Chase JPM $38.34 -0.01 0.03% 71,334,271 NYSE: WSJ pC3 "Trahan Will Join Firm Run by Former Bear Colleague" by Joe Bel Bruno says Francois Trahan, one of the top ranked stock market forecasters on Wall St will join the boutique research firm run by former Bear Stearns colleague Ed M. Wolfe as the chief investment strategist at Wolfe Research. After Bear Stearns was taken over by JPMorgan Chase, Wolfe launched an independent research firm with 8 analysts from Bear.

Johnson & Johnson JNJ $62.65 +0.01 0.02% 15,817,599 NYSE: No mentions found.

Kraft KFT $28.42 +0.03 0.11% 49,951,093 NYSE: 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.

McDonald's MCD $63.4 -0.66 1.03% 13,348,036 NYSE: No mentions found.

Merck MRK $36.73 -0.37 1% 21,684,645 NYSE: No mentions found.

Microsoft MSFT $28.02 +0.18 0.65% 79,460,473 NASDAQ-GS: WSJ pB1 "Denny's, Coke, Snickers Score Big in Ad Bowl" by Suzanne Vranica says hitting the right note was Coca-Cola's spot about the financial meltdown of a cartoon billionaire. Also mentioned was a spot featuring naked office workers in an ad for Careerbuilder.com, the online job board owned by Microsoft, Gannett,, Tribune and McClatchy.

Pfizer PFE $17.93 -0.10 0.55% 87,229,114 NYSE: Fin Times p17 "Pfizer launches e-pament system" by Andrew Jack says Pfizer, the world's largest pharma grop, is launching a system of electronic payment for medicines hat links it directly with patients by launching its eCard program in Russia with the aim of reaching 500,000 patients over the next year and is gearing up for expansion in Mexico, Brazil & Venezuela.

Procter & Gamble PG $61.3 -0.10 0.16% 14,603,102 NYSE: Inv. Bus. Daily 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.

3M MMM $78.54 -0.67 0.85% 5,051,942 NYSE: No mentions found.

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: No mentions found.

Verizon VZ $28.73 +0.10 0.35% 22,620,561 NYSE: NYT pB2 "Stuck With Each Other" by Antony Currie, Alexander Smith says Deutsche telekom's foray into the US has been costly for shareholders as its T-Mobile USA unit ranks a distant fourth in the cellphone market and its network needs upgrading and its reach remains limited. Linking up with smaller players like MetroPCS and Leap would do little to close the gap with Verizon Wireless and AT&T.

WalMart WMT $53.45 +0.48 0.91% 15,343,975 NYSE: NYT pB1"The FightOver Who Can Determine Prices at the Online Mall" by brad stone says to see how much items cost on many online sites often you must add the merchandise to the shopping carts. The missing prices are part of a larger battle seeping the world of e-commerce. A '07 Supreme Court ruling in the case of Leegin Creative Leather Products v. PSKS gave manufacturer leeway to dictate retail prices so now they forbid retailers from advertising their products for anything less than a certain price. For WalMart and Best Buy, that means not dropping below those prices int he circulars and ads in newspapers but manufactured consider the product pages on sites like eBay and Amazon.com to be ads, and they complain whenever e-commerce sites set prices below the minimum price. So sites replace prices with notes that say "to see our price, add this item to your cart." Also the prices don't show up on google searches.
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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