3/10/10 Wed. pm Dow Closes 10,567.33 up 2.95 or 0.03%

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Post #335. 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 3/1/10 and an update of the Dow 30 component's most recent SEC filings as of 3/1/10.

The Dow Jones Industrial Average closed Wednesday at 10,567.33 up 2.95 or 0.03% from Monday's close of 10,564.38. Of the 30 Dow Companies: 15 gained and 15 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $70.01 +2.22 3.27% 10,605,026 NYSE. The biggest decliner dollar-wise was percentage-wise was Travelers TRV $52.89 -0.68 1.27% 5,882,083 NYSE.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.47 up from Tuesday's P/E ratio of 16.45 (year ago it was 22.97) the P/E estimate is 13.45 unchanged from Tuesday's P/E estimate of 13.45 (year ago it was 9.91) and the current dividend yield is 2.58 unchanged from Tuesday's dividend yield of 2.58 (it was 4.47 a year ago).

Wednesday's Dow Jones Industrial Average closing numerator was 1398.26 up 0.39 from Tuesday's closing Dow numerator of 1,397.87. 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 0.39 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 2.95. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $46.61 up 0.01 from Tuesday's Dow Jones Industrial Average closing price of $46.60. The median closing price of Wednesday's Dow Jones Industrial Average was 41.33 up 0.27 from Tuesday's median closing price of 41.06. The lowest volume was 3M MMM $81.56 -0.43 0.52% 3,574,860 NYSE and the highest volume again was Bank of America BAC $17.11 +0.31 1.85% 221,765,263 NYSE.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $26 ($139,826 -$139,800).

Market Watch by Peter McKay, Donna Kardos Yesalavich, Kristina Peterson, Kellie Geressy-Nilsen March 10, 2010, 4:34 p.m. --Financials lead market higher; regionals, AIG in focus -- U.S. stocks edged higher for a second straight session Wednesday thanks to a rally in the financial sector led by American International Group and Citigroup, which conducted a successful offering of $2 billion in securities. The deal heightened confidence that Wall Street is quickly putting the worst effects of the financial crisis behind it. In particular, investors have flocked over the past two sessions to some of the companies that still have heavy federal backing in hopes that the government will be able to unload its stake sooner than previously expected. The Dow Jones Industrial Average (INDU 10,567, +2.88, +0.03%) rose 2.95 points to 10,567.33. The S&P 500 (SPX 1,146, +5.17, +0.45%) rose 0.5% to 1145.61, led by a 1.1% gain in its financial category. AIG (AIG 36.12, -0.12, -0.33%) leapt 10.6%, and Citigroup (C 3.95, -0.01, -0.25%) was up 3.7% after a well-bid offering of trust preferred securities. Trust preferred securities possess characteristics of both equity and debt instruments, and are often sold by bank holding companies, falling in a capital basket, rather than being termed debt on a bank's balance sheet. Other advantages include early redemption by the issuer or a deferral of interest payments. Among the financial sector's other winners on Wednesday were Fannie Mae (FNM 1.09, -0.01, -0.91%) and Freddie Mac (FRE 1.30, -0.01, -0.76%) , which rose more than 2% each. Several regional bank stocks also rallied Wednesday, including Zions Bancorp (ZION 20.49, +1.23, +6.39%) , Regions Financial Corp. (RF 7.31, +0.02, +0.27%) and SunTrust Banks Inc.(STI 26.49, +0.64, +2.48%) , after a Wall Street Journal report said Barclays Capital (BCS 20.67, -0.01, -0.05%) (UK:BARC 347.85, +2.05, +0.59%) was hunting for a retail bank. Technology stocks also were a market leader Wednesday, helped by a 2.9% gain in bellwether Google Inc. (GOOG 576.45, +16.26, +2.90%) after the search giant said it will soon conclude negotiations with the Chinese government regarding censorship and monitoring of its Chinese sites. Wednesday also marked the 10-year anniversary of the peak of the dotcom bubble -- an episode from which the Nasdaq still hasn't recovered. The index is down 55% from its March 2000 high. Volume outside the financial sector was light as some traders paused ahead of next week's full calendar, including key reports on housing and inflation, as well as the Federal Reserve's interest-rate meeting and decision. Composite trading in New York Stock Exchange-listed names recently hit 5.6 billion shares, with much of the activity concentrated in just a few big-name financials. Among stocks to watch, Facet Biotech (FACT 27.01, +10.80, +66.65%) jumped 67% as Abbott Laboratories (ABT 55.03, +0.24, +0.44%) agreed to acquire the biotechnology company for $722 million. Facet shareholders will get $27 a share, two-thirds above the company's closing price Tuesday. Abbott rose 0.6%. American Eagle Outfitters (AEO 18.20, +1.05, +6.12%) rose 6.1% after the apparel retailer said it would shutter its 28-store Martin + Osa chain to focus on its namesake brands. In other markets, the dollar was weaker against the euro but strengthened against the yen. The broad Dow Jones-UBS Commodity Index slipped 0.2%, hurt by an $11 drop in gold to $1,111 per ounce. Nymex crude for April delivery gained 60 cents a barrel to $82.09. Treasury prices slipped, with the 10-year note off 6/32 to yield 3.723%.

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

AT&T T $25.52 -0.04 0.16% 23,506,350 NYSE
AA $13.57 -0.10 0.73% 32,002,524 NYSE
American Express AXP $39.72 +0.02 0.05% 7,707,774 NYSE
Bank of America BAC $17.11 +0.31 1.85% 221,765,263 NYSE
Boeing BA $70.01 +2.22 3.27% 10,605,026 NYSE
Caterpillar CAT $58.78 -0.40 0.68% 6,510,146 NYSE
Chevron CVX $73.96 -0.34 0.46% 14,632,922 NYSE
Cisco CSCO $25.872 -0.258 0.99% 69,468,744 NASDAQ-GS
Coca-Cola KO $54.2 +0.02 0.04% 10,513,424 NYSE
Disney DIS $33.33 +0.02 0.06% 9,469,388 NYSE
DuPont DD $35.2 -0.05 0.14% 7,728,302 NYSE
ExxonMobil XOM $67.22 +0.44 0.66% 24,735,247 NYSE
GE $16.51 +0.02 0.12% 67,791,163 NYSE
Hewlett-packard HPQ $51.78 -0.10 0.19% 11,428,199 NYSE
Home Depot HD $31.71 +0.03 0.09% 10,496,557 NYSE
Intel INTC $21.19 +0.25 1.19% 58,379,012 NASDAQ-GS
IBM $125.62 +0.07 0.06% 6,747,403 NYSE
J.P.Morgan Chase JPM $42.93 +0.51 1.2% 40,707,170 NYSE
Johnson & Johnson JNJ $64.29 +0.02 0.03% 8,371,138 NYSE
Kraft KFT $29.38 +0.15 0.51% 13,877,671 NYSE
McDonald's MCD $64.94 -0.16 0.25% 6,880,919 NYSE
Merck MRK $36.67 -0.37 1% 19,369,423 NYSE
Microsoft MSFT $28.97 +0.17 0.59% 44,808,810 NASDAQ-GS
Pfizer PFE $17.15 -0.08 0.46% 56,223,608 NYSE
Procter & Gamble PG $63.01 -0.29 0.46% 9,239,474 NYSE
3M MMM $81.56 -0.43 0.52% 3,574,860 NYSE
Travelers TRV $52.89 -0.68 1.27% 5,882,083 NYSE
United Technologies UTX $71.79 +0.01 0.01% 4,880,815 NYSE
Verizon VZ $29.75 -0.16 0.53% 18,139,315 NYSE
WalMart WMT $53.63 -0.43 0.8% 12,668,359 NYSE
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The following are excerpts from Wed. morning's Blog:

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

Dow: The Dow Jones Industrial Average closed Tuesday at 10,564.38 up 11.86 or 0.11%from Monday's close of 10,555.52. Of the 30 Dow Companies: 16 gained, Cisco was unchanged and 13 declined. For the year the Dow is up 1.31%. The biggest gainer dollar-wise was and percentage-wise was United Technologies UTX $71.78 +1.02 1.44% 5,560,467 NYSE. The biggest decliner dollar-wise was IBM $125.55 -0.86 0.68% 7,529,306 NYSE and percentage-wise was Home Depot HD $31.68-0.28 0.88% 15,127,696 NYSE.

WSJ pC1 "Bailed-Out Firms Jump" by Peter A. McKay says trading in AIG, Citigroup, Fannie Mae and Freddie Mac accounted for a quarter of Tues. market's volume, echoing trading from last Aug when volume in the stocks suddenly jumped. Elsewhere trading was muted. Cisco unveiled a new high speed router designed to alleviate congestion on mobile data networks.

WSJ pC5 "AT&T, Verizon Rise; Kroger Gets Bagged" by Donna Kardos Yesalavich says stocks edged up, led by telecom firms AT&T & Verizon Communications following the unveiling of a faster router from Cisco as it unveiled a router following weeks of hype over its promise to forever change the Internet. Boeing also was strong after Northrop Grumman said it would drop out of the running to win a $40 bil contract to build the Air Force's refueling planes leaving Boeing as the only competitor.

Fin Times p24 "Signs of business travel revival send airlines higher" by Masa Serdarevic says US equities rallied modestly yesterday, a year to the day since markets closed at their lows during the financial crisis, as investors took stock of the recovery. Chevron, the second largest US energy firm by market cap fell 0.5% on news that it was to sell ia UK oil refinery, cut 2,000 jobs and divest assets in the Caribbean and Central America to help reduce losses from its fuel biz.

Inv. Bus. Daily pA1 "Stocks Surrender Gains Late, close Modestly Higher" by Alan R. Elliott says stocks faced an onslaught of late selling Tues, giving up some gains to close modestly higher. Tuesday's action was indexes climbed in higher volume. The current outlook is the market is in a confirmed uptrend.

NYT pB9 "Caution Rules as Major Indexes Inch Forward" by Javier C. Hernandez says on the one year anniversary of the stock market's plunge to 12 year lows, Wall St found itself at another crossroad. Issue is not whether the economy will turn aroud, but just how strong a recovery would be.

USA Today p4B "Slight gains mark bear low anniversary" by AP says stocks posted modest gains Tues as Wall St. celebrated the one year anniversary of the end of the bear market.

AJC pA13 "Bank stocks lead market to gain" says financial firms led stocks higher Tues. on the one year anniversary of the market's 12 year low. The gain in bank stocks came as traders reacted to rumors that the gov might prohibit short sales which would prevent sharp drops in stocks.

Tuesday's Dow Jones Industrial Average closing numerator was 1397.87 up 1.17 from Friday's closing Dow numerator of 1,396.70. 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 1.17 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 11.86. 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 $46.60 up 0.04 from Monday's Dow Jones Industrial Average closing price of $46.56. The median closing price of Tuesday's Dow Jones Industrial Average was 41.06 down .09 from Monday's median closing price of 41.15. The lowest volume was 3M MMM $81.99 +0.68 0.84% 4,249,733 NYSE and the highest volume again was Bank of America BAC $16.8 +0.06 0.36% 167,776,316 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 $120 ($139,800 - $139,680).

Market Watch by Peter McKay March 9, 2010, 4:40 p.m. -- U.S. stocks ended with a slight gain Tuesday after being whipsawed by bets in the financial sector and a rally in telecommunications, which benefited from Cisco Systems Inc.'s unveiling of a new router. The Dow Jones Industrial Average (INDU 10,565, +12.09, +0.12%) moved between gains and losses late in the day before ending 11.86 points higher, or 0.1%, at 10,564.38. The Nasdaq Composite Index (COMP 2,341, +8.47, +0.36%) was the strongest of the major indexes, with a gain of 0.4%. The S&P 500 (SPX 1,140, +1.94, +0.17%) rose 0.2%, led by a 1.2% gain in its telecommunications sector, which benefited from hopes that Cisco's new device will help alleviate congestion on mobile data networks. Sprint Nextel Corp. shares jumped 6.5%, while Verizon Communications (VZ 30.00, +0.09, +0.30%) shares rose rose 0.9%. The S&P 500's financial sector finished with a small gain overall, up just 0.3%.But there was extremely heavy volume in just four of its names: American International Group (AIG 32.36, -0.41, -1.25%) leapt 12.6%, Fannie Mae (FNM 1.09, +0.02, +1.87%) jumped 5.9%, Freddie Mac (FRE 1.29, +0.01, +0.78%) leapt 7.6%, and Citigroup (C 3.86, +0.04, +1.05%) was up 7.3%. Citi was helped by a a report on Fox Business that the government is discussing plans to sell its 27% stake in the bank, perhaps within the next three months. That in turn spurred buying in some of the other names that are still subject to the heaviest government involvement in the wake of the recent financial crisis, though no moves had been announced by the Treasury or other agencies as of Tuesday's market close. AIG surged as a debt sale by an important unit went well, the Wall Street Journal reported Tuesday. A $1.3 billion loan offering by International Lease Finance Corp. has met with strong investor demand, which will enable the aircraft-leasing unit of AIG to raise fresh funds to repay some of its maturing debt, the newspaper said. In general, traders and analysts said Tuesday's session saw an increase in speculative betting, which added volatility and underscored the lack of confidence that has developed on trading floors since the market hit its bear-market lows exactly one year ago. Sony, Panasonic and Samsung have recently announced new TV models that feature 3-D. But the rush to manufacture products hides the fact that there is little content to showcase, the Digits panel reports. The Dow is now up 61% from its 12-year low hit on March 9, 2009, marking the depths of the financial crisis. The S&P 500 is up 69% over that timeframe, while the Nasdaq Composite is up 85%. The technology and telcom names that dominate the Nasdaq have often benefited over the past year from optimism that an early wave of capital investment will fuel a broader U.S. economic recovery, even as consumer spending and employment lag. This week, Cisco's announcement regarding its new router, dubbed the CRS-3, has meshed nicely with that broader investment theme. The device would function as part of the backbone of networks that carriers assemble to deliver information to large swaths of customers, not an at-home device for individuals to set up for personal use. Cisco, which hit a 52-week high on Monday in anticipation of the router announcement, ended flat on Tuesday. But some of its potential customers showed big gains, including a 1.1% gain in AT&T, which said it has tested the new Cisco device and found it to move data at 10,000 times the speed of a typical residential broadband connection. Elsewhere, the industrial sector benefited from a 0.8% rise in Boeing Co. (BA 67.81, +0.02, +0.03%) after Northrop Grumman Corp. (NOC 64.16, +0.16, +0.25%) said it would drop out of a protracted quest to win a $40 billion contract to build the U.S. Air Force's next generation of aerial-refueling planes, leaving Boeing as the only competitor left standing. Northrop shares slipped 0.3%. General Growth Properties (GGP 14.90, +0.35, +2.41%) shares climbed 3.8% after the shopping-center operator got a proposal to help it emerge from bankruptcy from two of its biggest creditors. UAL Corp. (UAUA 18.29, +0.13, +0.72%) shares climbed 3.7% after its United Airlines said February unit revenue -- the amount taken in for each passenger flown a mile on its planes and those of its affiliates -- jumped 17% to 19% over the same month a year earlier. Read Airline Stocks. In other markets, the dollar weakened against the yen but gained ground versus the euro. Crude-oil futures slipped 38 cents to $81.49 a barrel, while gold futures also moved lower. Treasurys edged higher

AT&T T $25.56 +0.28 1.11% 43,466,721 NYSE: WSJ pC5 "AT&T, Verizon Rise; Kroger Gets Bagged" by Donna Kardos Yesalavich says stocks edged up, led by telecom firms AT&T & Verizon Communications following the unveiling of a faster router from Cisco as it unveiled a router following weeks of hype over its promise to forever change the Internet. Boeing also was strong after Northrop Grumman said it would drop out of the running to win a $40 bil contract to build the Air Force's refueling planes leaving Boeing as the only competitor.

Alcoa AA $13.67 -0.11 0.8% 33,479,228 NYSE: No mentions found.

American Express AXP $39.7 -0.01 0.03% 6,766,681 NYSE: No mentions found.

Bank of America BAC $16.8 +0.06 0.36% 167,776,316 NYSE: NYT pB1 "BofA to End Debit Overdraft Fees" by Andrew Martin, USA Today p1B "BofA to deny debti card overdrafts" by Kathy Chu says in a policy reversal, the US's largest bank, BofA, will stop allowing consumers to overdraw their checking accounts with one time debit card transactions.

WSJ pC10 "BofA lawyers Rebuked in Cabi Case" by Christina S.N. Lewis says attorneys for BofA have agreed to reimburse lawyers for a Miami developer after a US bankruptcy judge in Fla criticized the bank's lawyers. The BofA lawyers alleged the Cabi Downtown LLC had rented units at a condo to convicted felons and scolded the attorneys for defaming the developer in pleadings without investigating the allegations.

WSJ pC1 "Build America Pays Off on Wall St." by Ianthe Jeanne Dugan says big firms have received fees over $1 bil in less than a year selling these bonds meant to spur jobs in struggling cities, often charging cities higher costs than for traditional bond deals. Goldman was the top seller with $9.79 bil in bonds followed by JPMorgan, Citigroup, Barclays, BofA's Merrill Lynch and Morgan Stanley.

WSJ pA1 "Investors Tap Into Deathbed Bond Deal" by Mark Maremont, Aparajita Saha-Bubna says billions of dollars in corporate bonds sold to retail investors come with a provision that allows a surviving owner to redeem them at face value if a co-bondholder dies. AIG, Bank of America, GE's GE Capital unit and other major US firms often issue these bonds with what is known as a survivor's option.

Boeing BA $67.79 +0.55 0.82% 7,655,839 NYSE: AJC pA12 "787 testing going well, Boeing announces" says the new 787 has passed an aggressive flight testing schedule with the 4th plane set to begin test flight on Sun with the goal of delivering the first plane by end of the year.

Fin Times p17 "Insults fly as tanekr contract hopes die" by Peggy Hollinger, Sylvia Pfeifer, Jeremy Lemer, "Northrop's "no" highlights a step change" by Jeremy Lemer, WSJ pA22 "The Buy Boeing Provision" says the whole bidding process for the Air Force's $40 bil contract was bad for US taxpayers as Boeing was the only bidder.

WSJ pC5 "AT&T, Verizon Rise; Kroger Gets Bagged" by Donna Kardos Yesalavich says stocks edged up, led by telecom firms AT&T & Verizon Communications following the unveiling of a faster router from Cisco as it unveiled a router following weeks of hype over its promise to forever change the Internet. Boeing also was strong after Northrop Grumman said it would drop out of the running to win a $40 bil contract to build the Air Force's refueling planes leaving Boeing as the only competitor.

Caterpillar CAT $59.18 +0.27 0.46% 7,693,041 NYSE: WSJ pA1 "Investors Tap Into Deathbed Bond Deal" by Mark Maremont, Aparajita Saha-Bubna says billions of dollars in corporate bonds sold to retail investors come with a provision that allows a surviving owner to redeem them at face value if a co-bondholder dies. AIG, Bank of America, GE's GE Capital unit and other major US firms often issue these bonds with what is known as a survivor's option.

Chevron CVX NYSE: $74.30 -0.34 0.05% Fin Times p18, NYT pB2, WSJ pB5 "Chevron to Cut 20% Of Refining-Arm Jobs" by Isabel Ordonez, USA Today p1B, AJC pA12 "Chevron to shed 2,000 jobs, sell some assets" say it will cut 12% of its 17,000 workers overseas in its downstream part of its business and the cuts will be 3% of overall job force.

Fin Times p24 "Signs of business travel revival send airlines higher" by Masa Serdarevic says US equities rallied modestly yesterday, a year to the day since markets closed at their lows during the financial crisis, as investors took stock of the recovery. Chevron, the second largest US energy firm by market cap fell 0.5% on news that it was to sell ia UK oil refinery, cut 2,000 jobs and divest assets in the Caribbean and Central America to help reduce losses from its fuel biz.

Cisco CSCO $26.13 unch unch 160,887,564 NASDAQ-GS: WSJ pB3 "Cisco Touts Faster Web Router" by Ben Worthen, Fin Times p18 Cisco prepares for internet surge", Inv. Bus. Daily pA1 "Cisco Unveils next-Gen Router" & Inv. Bus Daily pA4 "Cisco Says new Router Will Transform Internet; Investors Shrug" by J. Bonasia say it unveiled a piece of equipment, the $90,000 CRS-3 or Carrier Routing System, for the core of the Internet that CSCO says can transmit 3 times as much data as its current hardware, though it won't directly translate into faster connections for consumers. Some observes said the new router didn't live up to the weeks of hype during which Cisco's shares climbed 9%.

WSJ pC1 "Bailed-Out Firms Jump" by Peter A. McKay says trading in AIG, Citigroup, Fannie Mae and Freddie Mac accounted for a quarter of Tues. market's volume, echoing trading from last Aug when volume in the stocks suddenly jumped. Elsewhere trading was muted. Cisco unveiled a new high speed router designed to alleviate congestion on mobile data networks.

WSJ pC5 "AT&T, Verizon Rise; Kroger Gets Bagged" by Donna Kardos Yesalavich says stocks edged up, led by telecom firms AT&T & Verizon Communications following the unveiling of a faster router from Cisco as it unveiled a router following weeks of hype over its promise to forever change the Internet. Boeing also was strong after Northrop Grumman said it would drop out of the running to win a $40 bil contract to build the Air Force's refueling planes leaving Boeing as the only competitor.

Coca-Cola KO $54.18 +0.28 0.51% 11,535,340 NYSE: No mentions found.

Disney DIS $33.31 -0.12 0.36% 11,069,768 NYSE: USa Today p1B "Coalition wants FCC to halt blackouts", WSJ pB2 "Cable Operators Seek Help To Avoid Future Blackouts" by Amy Schatz, Shira Ovide & NYT pB7 "New Rules Sought on TRV Retransmission" by Brian Stelter say they want Washington to stop broadcasters from yanking channels during fee negotiations as Disney did to Cablevision for the Oscars on Sun. A group of pay TV operators, including Time Warner, Dish and Verizon Comm. filed a petition Tues asking the FCC to change its rules to require arbitration and prevent broadcasters from pulling heir signals during fee negotiations.

DuPont DD $35.25 -0.12 0.34% 6,915,128 NYSE: No mentions found.

ExxonMobil XOM $66.78 +0.30 0.45% 29,002,849 NYSE: No mentions found.

GE $16.49 +0.22 1.35% 83,683,499 NYSE: No mentions found.

Hewlett-Packard HPQ $51.88 +0.15 0.29% 10,230,516 NYSE: Fin Times p16 "HP faces class action in China over notebooks" by Kathrin Hile says Chinese lawyers have filed a complaint on behalf of more than 170 consumers against Hewlett-Packard requesting that the Chinese gov order a recall of allegedly faulty notebook computers.

Home Depot HD $31.68-0.28 0.88% 15,127,696 NYSE: No mentions found.

Intel INTC $20.94 +0.17 0.82% 83,168,449 NASDAQ-GS: WSJ pB4 "Intel Seeks Apps for Atom Gadgets" by Jerry A. DiColo says Apple's online apps store dominates the smartphone space, but Intel sees a chance to use a similar softfware store to defend an important new market - netbooks.

WSJ pB4 "Intel Fights Fakes" says online retailer Newegg passed along some fake Core i7 920 microprocessors.

IBM $125.55 -0.86 0.68% 7,529,306 NYSE: No mentions found.

J.P.Morgan Chase JPM $42.42 -0.17 0.4% 37,107,038 NYSE: WSJ pC1 "Build America Pays Off on Wall St." by Ianthe Jeanne Dugan says big firms have received fees over $1 bil in less than a year selling these bonds meant to spur jobs in struggling cities, often charging cities higher costs than for traditional bond deals. Goldman was the top seller with $9.79 bil in bonds followed by JPMorgan, Citigroup, Barclays, BofA's Merrill Lynch and Morgan Stanley.

WSJ pB1 "MGM Studios' Creditors Prepare To Take Control if Bids Fall Short" by Mike Spector, Lauren A.E. Schuker says Metro Goldwyn Mayer is readying a backup plan should bids for the studio come in too low as MGM creditors led by J.P.Moran Chase are owed $4 bil.

Johnson & Johnson JNJ $64.27 +0.07 0.11% 8,827,242 NYSE: NYT pB1 "With Warning, A Hip Device Is Withdrawn" by Barry Meiersays a unit of JNJ has warned doctros that a phased out artificial hip implant appears to have a high early failure rate. DePuy Orthopaedics said the implant known as the ASR fails in some patients only a few years after the implant, requiring costly and painful replacement operations.

Kraft KFT $29.23 +0.06 0.21% 14,592,408 NYSE: No mentions found.

McDonald's MCD $65.1 -0.02 0.03% 7,126,830 NYSE: AJC pA12 "Burger King says storms pushed down sales" says its sales fell 8.2% over the past 2 months compared to McDonald's falling 0.7% in Jan. and climbing 0.6% in Feb.

Merck MRK $37.04 -0.31 0.83% 14,695,794 NYSE: WSJ pB3 "Sanofi, Merck Revive Venture" by Jeanne Whalen, Jonathan D. Rockoff, Fin Times p19 "Sanofi joins Merck in animal health venture" by Andrew Jack (& Fin times p14), NYT pB4 Inv. Bus. Daily pA2 say Merck and Sanofi-Aventis will re-form a jv that would be the world's largest seller of animal medications, motivated in part by growing demand for livestock and meat in emerging markets. Last year Sanofi paid $4 bil to buy Merck's share of the Merial jv to clear the path for Merck's $41 bil takeover of Schering-Plough which also owned an animal medication business as regulators were concerned that Merck's enhanced position could hurt competition.

Microsoft MSFT $28.8 +0.17 0.59% 50,278,457 NASDAQ-GS: WSJ pB4 "Ex-PARC Researcher Wins Turing Award" says Charles Thacker, a member of Xerox's famed Palo Alto Research Center and a Microsoft researcher, was awarded the computing industry's highest honor on Tues, the A.M. Turing award which comes with $250,000.

Pfizer PFE $17.23 -0.12 0.69% 54,550,891 NYSE: No mentions found.

Procter & Gamble PG $63.3 +0.11 0.17% 7,100,840 NYSE: No mentions found.

3M MMM $81.99 +0.68 0.84% 4,249,733 NYSE: No mentions found.

Travelers TRV $53.57 -0.23 0.43% 5,108,928 NYSE: No mentions found.

United Technologies UTX $71.78 +1.02 1.44% 5,560,467 NYSE: No mentions found.

Verizon VZ $29.91 +0.28 0.94% 20,303,542 NYSE: WSJ pC5 "AT&T, Verizon Rise; Kroger Gets Bagged" by Donna Kardos Yesalavich says stocks edged up, led by telecom firms AT&T & Verizon Communications following the unveiling of a faster router from Cisco as it unveiled a router following weeks of hype over its promise to forever change the Internet. Boeing also was strong after Northrop Grumman said it would drop out of the running to win a $40 bil contract to build the Air Force's refueling planes leaving Boeing as the only competitor.

WSJ pB2 "Cable Operators Seek Help To Avoid Future Blackouts" by Amy Schatz, Shira Ovide says they want Washington to stop broadcasters from yanking channels during fee negotiations as Disney did to Cablevision for the Oscars on Sun. A group of pay TV operators, including Time Warner, Dish and Verizon Comm. filed a petition Tues asking the FCC to change its rules to require arbitration and prevent broadcasters from pulling heir signals during fee negotiations.

Inv. Bus. Daily pA2 "NFL, verizon reach mobiel deal" says they inked a 4 year deal to show live games and highlights on mobile phones in a $720 mil deal that replaces NFL's previous deal with Sprint Nextel.

WalMart WMT $54.06 -0.09 0.17% 12,585,199 NYSE: WSJ pA21 "The FCC's Misguided Spectrum Quest" by Holman W. Jenkins, Jr. says the FCC is making a mistake in favoring one to one technology such as mobile broadband over technologies such as broadcast which is one to many. The article mentions Cisco's introduction yesterday of a new router and that Walmart just bought Vudu which positions Walmart to supply programing in competition with the entire existing TV industry.
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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 3/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $314 [5]
2. Microsoft MSFT 258 [9]
3. WalMart WMT 205 [4]
4. Chevron CVX 178 [2.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 175 [3]
7. GE 170 [10.5]
8. IBM 167 [1]
9 JPMorgan Chase 164 [4]
10. AT&T 148 [6]
11. BAC 145 [8.5]
12. Pfizer PFE 143 [8]
13. Cisco CSCO 142 [6]
14. Coke KO 123 [2]
15. Hewlett-Packard HPQ 121 [2]
16. Intel INTC 115 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 82 [3]
19. Merck MRK 79 [2]
20. United Technologies UTX 65 [1]
21. Disney DIS 61 [2]
22. 3M MMM 57 [.5]
23. Home Depot 53 [2]
24. Boeing BA 48 [1]
25. American Express AXP 45 [1]
26. Kraft KFT 42 [1.5]
27. Caterpillar CAT 36 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 14 [1]

Here are the latest SEC filings as of 3/1/10 market close 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: 2/25/10 10K Annual Report

Alcoa AA: 2/23/10 8K re: Personnel Changes

2/19/10 Prelim. Proxy on Form 14A

2/18/10 10K Annual Report

American Express AXP: 2/26/10 10K Annual Report

Bank of Am BAC: 2/26/10 10K Annual Report

2/26/10 Prelim, Proxy Statement on Form 14A

Boeing BA: 2/26/10 8K re: departure and compensation of certain officers

2/8/10 10K Annual Report

Caterpiller CAT: 2/19/10 10K Annual Report

Chevron CVX: 2/25/10 10K Annual Report

Cisco CSCO: 2/17/10 10Q Quarterly Report

Coke KO: 2/26/10 10K Annual Report

Disney DIS: 2/25/10 8K re: 3 year credit agreement

2/9/10 10Q Quarterly Report

DuPont DD: 2/17/10 10K Annual Report

ExxonMobil XOM: 2/26/10 10K Annual Report

GE: 2/19/10 10K Annual Report

Hewlett-Packard HPQ: 2/17/10 8K re: results of operations for quarter ended 1/31/10

2/5/10 10K/A Amended Annual Report

Home Depot HD: 2/23/10 8K re: quarterly results

Intel INTC: 2/22/10 10K Annual Report

IBM: 2/23/10 10K Annual Report

JPMorganChase JPM: 2/26/10 8K re: Investor Day FD Disclosures

2/24/10 10K Annual Report

Kraft KFT: 2/25/10 10K Annual Report

McDonalds MCD: 2/26/10 10K Annual Report

Merck MRK: 3/1/10 10K Annual Report

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: 2/261/0 10K Annual Report

Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference

3M MMM: 2/16/10 10K Annual Report

Travelers TRV: 2/18/10 10K Annual Report

United Technologies UTX: 2/26/10 Def. Proxy Statement on Form 14A

2/11/10 10K Annual Report

Verizon Communications Inc. VZ: 2/26/10 10K Annual Report

WalMartWMT: 2/18/28/10 8K re: 4th quarter and annual results of operations; guidance