2/9/10 Tues pm Dow Closes 10058.64 up 150.26 or 1.52%

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Post #286 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 Tuesday at 10058.64 up 150.26 or 1.52% from Monday's close of 9,908.39. Of the 30 Dow Companies: 26 gained, 1 (GE) was unchanged and 2 (Bank of America and Merck) declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $53.53 2.75 5.42% 15,493,301 NYSE. The biggest decliner dollar-wise and percentage-wise was Merck MRK $36.47 0.12 0.33% 17,142,788 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is 0.132319125 unchanged, the trailing P/E ratio is 16.09 down from Monday morning's 16.26 (year ago it was 19.57) the P/E estimate is 12.67 unchanged from Monday's 12.67 (year ago it was 10.06) and the current dividend yield is 2.75 up from Monday's 2.1 (it was 3.80 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1,330.95 up 19.88 from Monday's closing Dow numerator of 1,311.07. 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 19.88 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 150.26. 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 44.37 up 0.67 from Monday's Dow Jones Industrial Average closing price of $43.70. The median closing price of Tuesday's Dow Jones Industrial Average was 37.97 up 0.92 from Monday's median closing price of 37.25. The lowest volume again was 3M MMM $78.72 1.19 1.53% 4,252,308 NYSE and the highest volume again was Bank of Am BAC $14.47 -0.01 0.07% 251,260,128 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 made $2,010 ($133,110 - $131,100).

MarketWatch Tues. 2/9/10 4:33 pm says U.S. stocks rallied on Tuesday, with the Dow average notching its best day in five weeks, as investors focused on reports Germany was considering a rescue package for debt-strapped Greece.

The Dow Jones Industrial Average finished up 150.25 points, or 1.5%, at 10,058.64, its best one-day gain in both point and percentage terms since Jan. 4, the year's first trading session. At its intraday high just after midday, the blue-chip average posted a gain of 231 points. The Dow was led by a 5.4% jump in Caterpillar Inc., which was upgraded along with several other industrial names by analysts at Morgan Stanley. Coca-Cola CO. was also a big gainer among the blue chips, up 2.6% after reporting a 55% gain in fourth-quarter profit. The rally provided a welcome break for investors who had watched major indexes retreat by as much as 8% from their recent highs coming into Tuesday's action. The Nasdaq Composite Index 1.2%. The S&P 500 ended up 1.3%, helped by gains in every sector, and led by materials and energy stocks, as gold futures climbed and crude oil futures topped $73 a barrel. Commodities were boosted by a retreat in the dollar, which often falls out of favor when investors are in the mood to take on risk. In recent action, one euro cost $1.3789, up from $1.3660 late Monday. The broad U.S. Dollar Index was off 0.7%. Treasurys dropped, with the 10-year note off 21/32 to yield 3.641%. Supporting gains, media reports said Germany was working on a plan to help Greece, whose high government deficits have sparked worries about a reprise of 2008's global financial crisis. The Wall Street Journal reported that Germany is considering a plan with its European Union partners to offer Greece and other troubled euro zone members loan guarantees in an effort to calm market fears of a default. Read more on Germany and Greece. It followed a report in The Financial Times Deutschland that Germany was engaged in efforts to help Greece. Concerns over Greece's debt load, and that of other weak members of the 16-nation euro zone, had weighed on U.S. stocks for weeks.
Greece's benchmark index jumped 5%, although a pan-European benchmark ended the day unchanged.

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

AT&T T $25.26 +0.28 1.12% 34,938,010 NYSE
Alcoa AA $13.28 +0.22 1.68% 43,993,696 NYSE
American Express AXP $37.54 +0.75 2.04% 10,677,078 NYSE
Bank of America BAC $14.47 -0.01 0.07% 251,260,128 NYSE
Boeing BA $59.74 +1.85 3.2% 8,250,744 NYSE
Caterpillar CAT $53.53 +2.75 5.42% 15,493,301 NYSE
Chevron CVX $71.31 +1.18 1.68% 13,044,724 NYSE
Cisco CSCO $23.89 +0.391 1.66% 60,325,901 NASDAQ-GS
Coca-Cola KO $54.01 +1.36 2.58% 15,747,308 NYSE
Disney DIS $29.84 +0.36 1.22% 14,108,754 NYSE
DuPont DD $32.88 +0.69 2.14% 7,201,412 NYSE
ExxonMobil XOM $65.2 +0.85 1.32% 36,238,364 NYSE
GE $15.6 unch unch 97,537,381 NYSE
Hewlett-Packard HPQ $48.12 +0.53 1.11% 17,621,770 NYSE
Home Depot HD $28.87 +0.28 0.98% 18,055,754 NYSE
Intel INTC $19.65 +0.30 1.55% 69,180,358 NASDAQ-GS
IBM $123.21 +1.33 1.09% 6,044,466 NYSE
J.P.Morgan JPM $38.39 +0.69 1.83% 45,166,452 NYSE
Johnson & Johnson JNJ $62.76 +0.39 0.63% 11,342,309 NYSE
Kraft KFT $28.9 +0.54 1.9% 24,554,493 NYSE
McDonald's MCD $63.57 +0.65 1.03% 10,115,219 NYSE
Merck MRK $36.47 -0.12 0.33% 17,142,788 NYSE
Microsoft MSFT $28.01 +0.29 1.05% 59,116,142 NASDAQ-GS
Pfizer PFE $17.88 +0.04 0.22% 70,968,451 NYSE
Procter & Gamble PG $61.76 +0.75 1.23% 11,423,931 NYSE
3M MMM $78.72 +1.19 1.53% 4,252,308 NYSE
Travelers TRV $49.57 +0.52 1.06% 5,355,306 NYSE
United Technologies UTX $66.52 +1.12 1.71% 5,277,448 NYSE
Verizon VZ $28.75 +0.38 1.34% 23,966,314 NYSE
WalMart WMT $53.25 +0.32 0.6% 10,824,920 NYSE
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The following excerpts are from Tues. morning's Blog:

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

Dow: 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. Year to date the Dow Jones Industrial Average is down 4.98%. 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.

WSJ pC1 "Banks Figures in DJIA's Fall Below 10000" by Peter A. McKay says a slump in financial stocks helped send the Dow Jones Industrial Average to its first close below 10000 in 3 months. Bank of America was the Dow's worst performing component, falling 3.5%, American Express declined 2.8%, Travelers fell 2.5% and JP Morgan Chase fell 1.6%. The Dow closed above the 1000 mark for the first time on March 29, 1999.

WSJ pC6 "BofA, J.P.Morgan Tip Dow Beneath 10000" by Donna Kardos Yesalavich says stocks fell led by financials such as Bank of America, Wells Fargo and JPMorgan Chase amid worries over potential regulation and the impact of European debt issues. Home Depot was one of he Dow's few gainers as is climbed 2.2% after Morgan Stanley upgraded is investment rating to overweight from equal weight.

Fin Times p26 "Equities at lowest since Nov on sovereign debt fears" by Samantha Pearson says US stocks closed a the lowest level since Nov last year after lingering concerns over sovereign debt in the eurozone overshadowed encouraging corp results. Home Depot added 2.2% after Morgan upgraded it. Walt Disney briefly benefited from an analyst at JPMorgan who raised the world's largest media group o neutral from underweight but later slipped 0.2%.

Inv. Bus. Daily "Stocks Give Up Gains, But Most Leaders Hold Up OK' by Alan R. Elliott says stocks tumbled Mon as a rebounding dollar erased morning gains. he market's action was indexes slipped in quiet trading while the current outlook is the market is in a correction.

WSJ pA1 "Markets Flinch at Debt Ills, Rate Plan" by Peter A. McKay, E.S. Browning says he Dow Jones Industrial Average tumbled to close below 10000 for the first time in 3 months, aid simmering worries about European debt and the prospect of rising US interest rates. Concerns that Greece's debt woes may spread to other nations mingled with the prospect that the Fed Reserve in he US may soon begin tightening the spigot that helped fuel he markets' massive rebound. The 10000 benchmark has crossed above or below 57 times since 1999 meaning it has made no progress in more than 10 years. The latest decline could deal another blow to optimism that stocks will continue to rise.

NYT pB9 "A Downward Spiral Continues as US Satocks Fall Below 10000 Benchmark" by Javier C. Hernandez says the Dow ones Industrial Average dipped below the 10000 threshold on Mon, delivering a psychological setback as investors braced for more market volatility. The Dow dipped back into 4 digits after it first hit 10000 in '99. I reach 10000 again in late '03 before peaking above 14000 in Oct '07. Today the index is about 30% below is record high.

USA Today p1B "Correction's here for 105 stocks" by Matt Krantz says 105 stocks on the S&P are down 10%. Even after Monday's slide the Dow and S&P 500 are both down about 8% from their recent highs. That means hey are still eluding the 10% decline that's the unofficial definition of a correction.

USA Today p4B "Dow closes below 10000 on EU woes" by Bloomberg says stocks slid Mon and the Dow Jones industrials closed below 10000 for the first time since Nov aid concern that deteriorating European gov finances will derail the economic recovery.

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 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).

AT&T T $24.98 -0.26 1.03% 26,865,764 NYSE: AJC pA8 "AT&T Souheast union have tentative pact" says AT&T reached a tentative agreement with a union representing about 30,000 workers in he Southeast, the Communications Workers of America's Dist 3.

Alcoa AA $13.06 -0.12 0.91% 39,099,242 NYSE: WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

American Express AXP $36.79 -1.06 2.8% 9,186,406 NYSE: WSJ pC1 "Banks Figures in DJIA's Fall Below 10000" by Peter A. McKay says a slump in financial stocks helped send the Dow Jones Industrial Average to its first close below 10000 in 3 months. Bank of America was the Dow's worst performing component, falling 3.5%, American Express declined 2.8%, Travelers fell 2.5% and JP Morgan Chase fell 1.6%. The Dow closed above the 1000 mark for the first time on March 29, 1999.

Bank of America BAC $14.48 -0.52 3.47% 205,751,568 NYSE: WSJ pC2 "Rakoff Weighing New SEC-BofA Pact" by Chad Bray, NYT pB7 "Judge Questions BofA's New Deal with SEC" by Louise Story say the Judge raised questioned Mon about their new deal to end 2 fed lawsuits alleging the bank misled investors about its takeover of Merrill Lynch. Last wee, NY AG Andrew Cuomo said in a suit against BofA that BofA's General Counsel Timothy Mayopoulos was misled about the size of Merrill's losses and in response to questioning about that issue, the SEC said to the Judge the evidence didn't support such a finding.

WSJ pC1 "Banks Figures in DJIA's Fall Below 10000" by Peter A. McKay says a slump in financial stocks helped send the Dow Jones Industrial Average to its first close below 10000 in 3 months. Bank of America was the Dow's worst performing component, falling 3.5%, American Express declined 2.8%, Travelers fell 2.5% and JP Morgan Chase fell 1.6%. The Dow closed above the 1000 mark for the first time on March 29, 1999.

WSJ pC3 "Asian Bankers Rolling the Dice" says Bank of America Merrill Lynch has hired a head of Asia ex-Japan private equity, as well as a head of derivatives sales and a head of exotics trading from rival banks in Asia.

WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

Boeing BA $57.89 -0.51 0.87% 4,690,204 NYSE: WSJ pB3 "Boeing Faces hazy Skies as New 747 Takes Off" by Peer Sanders & AJC pA8 "Boeing's giant freigher has maiden voyage" say Boeing's revamped 747 took off on its maiden flight Mon but the new jet has been slow to attract orders as the firm again redesigns a successor to a plane that has been flying for 40 years. The 747-8 is the largest commercial jet Boeing has ever built but it has been overshadowed by the 787 Dreamliner, the firm's new cutting edge plane that is designed to be lighter and more fuel efficient that the other jets in its class. Boeing has struggled with the development of both jets; the Dreamliner is 2 years behind schedule and the 747-8 is a year late. The first test flight was at Paine Field, north of Seattle, and is the start of a resting regimen in order to get certified from the FAA so it can deliver the first one by year end. It has 76 orders for the jet as a cargo hauler and a passenger version which can carry 467 people in 3 classes will start at the end of next year but it has only 32 orders.

Inv. Bus Daily "Inside Big Cap 20" by Patrick Cain says the stocks that fell off the IBD's Big Cap 20 that couldn't make its screen included Boeing, Merck and 3M because, in most cases, heir shares dropped after they reported heir most recent quarterly results. This validates hat the market is in a correction because only 8 companies are on the list.

AJC pA8 says a Chinese born engineer convicted in the US's first economic espionage trial was sentenced Mon to more than 15 years in jail for stealing info on the US space program from Boeing.

Caterpillar CAT $50.78 -0.97 1.87% 8,618,392 NYSE: No mentions found.

Chevron CVX $70.13 -1.05 1.48% 11,472,017 NYSE: No mentions found.

Cisco CSCO $23.499 -0.201 0.85% 69,458,553 NASDAQ-GS: WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

Inv. Bus. Dialy pA by J. Bonasia profiles Riverbed Technology which makes software that helps firms with widely disbursed offices communicate more efficiently over the Internet and competes with Cisco Systems.

Coca-Cola KO $52.65 -0.44 0.83% 8,251,926 NYSE: AJC pA7 "Coke places Olympic bet on up and comers" by Jeremiah McWilliams says Coke has hired some Olympic athletes who are unknown for its ad campaigns during the Olympics.

Disney DIS $29.48 -0.06 0.2% 10,563,802 NYSE: Inv. Bus. Daily pA2 "Disney seen facing slow recovery" says the improving economy should help DIS but its earnings will lag peers' results due to weakness in its film studios and theme parks said JPMorgan which upgraded Disney to neutral.

Fin Times p26 "Equities at lowest since Nov on sovereign debt fears" by Samantha Pearson says US stocks closed a the lowest level since Nov last year after lingering concerns over sovereign debt in the eurozone overshadowed encouraging corp results. Home Depot added 2.2% after Morgan upgraded it. Walt Disney briefly benefited from an analyst at JPMorgan who raised the world's largest media group o neutral from underweight but later slipped 0.2%.

DuPont DD $32.19 -0.54 1.65% 5,533,403 NYSE: No mentions found.

ExxonMobil XOM $64.35 -0.45 0.69% 30,190,801 NYSE: WSJ pB4 "Ghana Blocks Exxon Oil Field Deal" by Will Connors says Ghana blocked he $4 bil sale of a stake in a huge oil field, foiling months of talks between Exxon Mobil and the owner, Kosmos Energy as the gov accused Dallas based Kosmos of cutting Ghana's sate run oil firm out of discussions about the field's development. the field is he Jubilee field which is expected to begin output year end.

GE $15.6 -0.19 1.2% 69,731,778 NYSE: No mentions found.

Hewlett-Packard HPQ $47.59 +0.27 0.57% 17,468,019 NYSE: No mentions found.

Home Depot HD $28.59 +0.61 2.18% 25,850,669 NYSE: WSJ pC6 "BofA, J.P.Morgan Tip Dow Beneath 10000" by Donna Kardos Yesalavich says stocks fell led by financials such as Bank of America, Wells Fargo and JPMorgan Chase amid worries over potential regulation and the impact of European debt issues. Home Depo was one of he Dow's few gainers as is climbed 2.2% after Morgan Stanley upgraded is investment rating to overweight from equal weight.

Fin Times p26 "Equities at lowest since Nov on sovereign debt fears" by Samantha Pearson says US stocks closed a the lowest level since Nov last year after lingering concerns over sovereign debt in the eurozone overshadowed encouraging corp results. Home Depot added 2.2% after Morgan upgraded it. Walt Disney briefly benefited from an analyst at JPMorgan who raised the world's largest media group o neutral from underweight but later slipped 0.2%.

Intel INTC $19.35 -0.12 0.62% 62,356,638 NASDAQ-GS: WSJ pC2 "Former Inel Exec Pleads guilty to Fraud" by David Benoit, NYT pB7 "Insider's Adission Deepens Galleon Case" by Zachery Kouwe, USA Today p1B & AJC pA8 say Rajiv Goel, a former Intel Corp. manager, pleaded Guilty Mon to securities fraud and admitted to feeding info about Intel earnings and investments to Galleon Group founder Faj Rajaratnam, who was his good friend.

IBM $121.88 -1.64 1.33% 5,639,846 NYSE: No mentions found.

J.P.Morgan Chase JPM $37.7 -0.60 1.57% 57,611,338 NYSE: WSJ pC1 "Hiting Goldman Where It Hurts" by Petter Lattman, Kae Kelly says Goldman's private eqity exposure is $14 bil, larger than most of the world's largest buyout firms. JPMorgan's Jamie Dion spun off its private equity arm 4 years ago, citing concerns about the unit's size and unpredictable results. It has a smaller buyout business now.

WSJ pC1 "Banks Figures in DJIA's Fall Below 10000" by Peter A. McKay says a slump in financial stocks helped send the Dow Jones Industrial Average to its first close below 10000 in 3 months. Bank of America was the Dow's worst performing component, falling 3.5%, American Express declined 2.8%, Travelers fell 2.5% and JP Morgan Chase fell 1.6%. The Dow closed above the 1000 mark for the first time on March 29, 1999.

Johnson & Johnson JNJ $62.37 -0.27 0.43% 9,942,430 NYSE: No mentions found.

Kraft KFT $28.36 -0.08 0.28% 20,214,392 NYSE: No mentions found.

McDonald's MCD $62.92 -0.45 0.71% 6,913,626 NYSE: No mentions found.

Merck MRK $36.59 -0.14 0.38% 10,057,018 NYSE: Inv. Bus Daily "Inside Big Cap 20" by Patrick Cain says the stocks that fell off the IBD's Big Cap 20 that couldn't make its screen included Boeing, Merck and 3M because, in most cases, heir shares dropped after they reported heir most recent quarterly results. This validates hat the market is in a correction because only 8 companies are on the list.

Microsoft MSFT $27.72 -0.30 1.07% 52,253,358 NASDAQ-GS: WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

Pfizer PFE $17.84 -0.12 0.67% 55,248,180 NYSE: No mentions found.

Procter & Gamble PG $61.01 -0.29 0.47% 11,398,250 NYSE: No mentions found.

3M MMM $77.53 -1.01 1.29% 4,400,548 NYSE: WSJ pB2 "Looking for Mr. Solid Demand" by Paul Vigna, John Shipman says profit growth has returned to corporate America, but demand from consumers and business needs to strengthen from current levels. From Alcoa which helped kick off 4Q earnings reports to Black & Decker last week, execs say demand remains subdued. A few firms, notably Cisco are forecasting rev gains but most aren't confident in the timing of any sales rebound. Microsoft offered mixed signs. Spurred by a big ad campaign for its new Windows 7 operating system, its consumers sales were strong in he quarter and a big rev driver but sales to corporations weren't. BofA noted last month that its commercial clients were drawing on their credit lines a a low level. 3M CEO George Buckley said last month that there will be no sustainable recovery without natural improvements in aggregate end market demand.

Inv. Bus Daily "Inside Big Cap 20" by Patrick Cain says the stocks that fell off the IBD's Big Cap 20 that couldn't make its screen included Boeing, Merck and 3M because, in most cases, heir shares dropped after they reported heir most recent quarterly results. This validates hat the market is in a correction because only 8 companies are on the list.

Travelers TRV $49.05 -1.23 2.45% 5,132,605 NYSE: WSJ pC1 "Banks Figures in DJIA's Fall Below 10000" by Peter A. McKay says a slump in financial stocks helped send the Dow Jones Industrial Average to its first close below 10000 in 3 months. Bank of America was the Dow's worst performing component, falling 3.5%, American Express declined 2.8%, Travelers fell 2.5% and JP Morgan Chase fell 1.6%. The Dow closed above the 1000 mark for the first time on March 29, 1999.

United Technologies UTX $65.4 -1.10 1.65% 5,219,700 NYSE: No mentions found.

Verizon VZ $28.37 -0.37 1.29% 16,559,680 NYSE: No mentions found.

WalMart WMT $52.93 -0.52 0.97% 10,286,857 NYSE: No mentions found.
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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