3/11/10 Thurs. am Merck's Fosamax and PG's Boniva being Reviewed by FDA

www.DowJonesMonitor.com

The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.

Post #336. 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.

A read of Thursday'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 Wednesday's stock prices and related data.

Dow: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. Year to date the Dow is up 1.34%. 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.

WSJ pC1 "Dow's Climb In Two Days: 14.81 Points" by Peter A. McKay says a rally in financial stocks pushed the market to its second narrow gain in a row, with investors continuing to snap up Wall St. firms that are subject to heavy federal backing. Energy stocks benefited from a rally in crude, which closed at its highest level since 1/11 after new data from the gov showed a drop in gas inventories. ExxonMobil edged uo 0.7%.

WSJ pC5 "BofA, Boeing Climb; AIG Takes 11% Leap" by Donna Kardos yesalavich says stocks crept higher, led by the fin'l sector, with Bank of America, JPMorgan Cahse and AIG among the gainers. Boeing was the Dow's best performer adding to its gains Tues on expectations the firm will win a $35 bil contract from the Air Froce after Northrop Grumman dropped out.

Fin Times p24 "Retail banks in focus amid talk of Barclays interest" by Masa Serdarevic says US stocks posted decent gains Wed as they marked the 10 year anniversary of the Nasdaq's peak. However, following a series of rises over prior sessions, markets lacked a positive driver to send them higher.

NYT pB9 "Market Rises on Sense that Worst is Behind Big Fin'ls" by Javier C. Hernandez says a renewed sense that Wall St's biggest fin'l firms has endured the worst of the economic downturn helped lead the stock market higher on Wed.

Inv. Bus Daily pA1 "Cips, Biotechs Boost nasdaq To Fifth Straight Gain" by Alan R. Elliott says stocks marked anotehr day of modst gains in mixed trade Wed as the current outlook is the market is in a confirmed uptrend.

USA Today p4B "Economic reports help stocks creep up" by Bloomberg says US stocks rose for a second session Wed as a drop in wholesale inventories and improvement in corporate bond markets added to signs the economy is strengthening, overshadowing concern China will raise interest rates.

As of the open of the market Thursday, 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 16.48 up from Wednesday's P/E ratio of 16.47 (year ago it was 22.98) the P/E estimate is 13.45 unchanged from Wednesday's P/E estimate of 13.45 (year ago it was 9.91) and the current dividend yield is 2.58 unchanged from Wednesday's dividend yield of 2.58 (it was 4.48 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%.

AT&T T $25.52 -0.04 0.16% 23,506,350 NYSE: No mentions found.

AA $13.57 -0.10 0.73% 32,002,524 NYSE: No mentions found.

American Express AXP $39.72 +0.02 0.05% 7,707,774 NYSE: No mentions found.

Bank of America BAC $17.11 +0.31 1.85% 221,765,263 NYSE: WSJ pA1 Front Page "Hello, I Wish to Register a Complaint" has a large color photo of a woman with a parrot on her shoulder with the caption "BofA apologized to Angela Iannelli because a firm it hired wrongly padlocked her home and took herr parrot. Full story is on WSJ pA2.

Inv. Bus. Daily pA2 "BofA drops debit overdraft fees", AJC pA13 "Changes may cost more for most" by Elleen AJConnelly, is a Q&A about BofA's new bank overdraft policies that won't allow overages. It may signal the end of free checking.

WSJ pC5 "BofA, Boeing Climb; AIG Takes 11% Leap" by Donna Kardos yesalavich says stocks crept higher, led by the fin'l sector, with Bank of America, JPMorgan Cahse and AIG among the gainers. Boeing was the Dow's best performer adding to its gains Tues on expectations the firm will win a $35 bil contract from the Air Force after Northrop Grumman dropped out.

WSJ pB2 "Psychiatric Solutions In Talks With Bain" by jeffrey McCracken, Peter Lattman says BofA Merrill Lynch is advising and financing PS on the possible sale of it to Bain Capital.

Boeing BA $70.01 +2.22 3.27% 10,605,026 NYSE: AJC pA14 "United makes firm order for 25 Airbus A350s" says it is part of a 50 aircraft order announced in DEC, when United said it would also 25 Boeing 787 jets.

WSJ pB 2 "TransAtlantic Defense Deals Falter" by Peter Sanders, Peter Spiegel says the decision by Northrop Grumman and its European partner EADS to drop out of the $40 bil competition to build aerial refueling tankers for the Air Force will reinforce the long held belief in Europe that the US defense market is highly protected by the gov.

NYT pB1 "Tanker Deal Gives a Lift to Boeing" by Christopher Drew, WSJ pC5 "BofA, Boeing Climb; AIG Takes 11% Leap" by Donna Kardos Yesalavich say stocks crept higher, led by the fin'l sector, with Bank of America, JPMorgan Cahse and AIG among the gainers. Boeing was the Dow's best performer adding to its gains Tues on expectations the firm will win a $35 bil contract from the Air Force after Northrop Grumman dropped out.

Inv. Bus. Daily pA2 "Boeing: Tanker creates more jobs" says there will be 70,706 new US jobs created by building the aerial tanker to be bid by the Air Force.

Caterpillar CAT $58.78 -0.40 0.68% 6,510,146 NYSE: WSJ pB2 "Shell Halts Gas Sales to Iran" by Guy Chazan, Spencer Swartz says Shell joins a growing list of firms cutting ties to Iran which includes Caterpillar and GE.

Chevron CVX $73.96 -0.34 0.46% 14,632,922 NYSE: No mentions found.

Cisco CSCO $25.872 -0.258 0.99% 69,468,744 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.2 +0.02 0.04% 10,513,424 NYSE: AJC pA14 "CCE adds independent director to board" says Coca cola Enterprises which is partially owned by KO has elected Phoebe A. Wood to their board as independent director. She was VFO of Brown-Forman, a maker of whiskey such as Jack Daniels.

Disney DIS $33.33 +0.02 0.06% 9,469,388 NYSE: Inv. Bus. Daily pA4 "Cable Firms Ask FCC To Step In Before Spats Become Blackouts" by Reinhardt Krause says a group let by Time Warner that includes Verizon Communications, but not Comcast which is seeking approval from the FTC to buy NBC from GE, has asked the FCC to require broadcasters to maintain their signals during an impasse in negotiations as a result of Disney pulling Comcast's signal from ABC NY viewers during the Oscars.

DuPont DD $35.2 -0.05 0.14% 7,728,302 NYSE: WSJ pB8 "Monsanto Draws Antitrust Scrutiny" by Scott Kilman says crop biotech giant Monsanto is the issue in a series of public meetings that the antitrust wing of the Justice Dept. is holding across the Farm Belt. In Jan, the Justice Dept started an antitrust investigation of Monsanto's handling of the most widely planted genetically mmodified crop in the US, a herbicide immune soybean. Pioneer Hi-Bred the seed unit of DuPont, has alleged that Monsanto is trying to use gene licenses to limit competition.

ExxonMobil XOM $67.22 +0.44 0.66% 24,735,247 NYSE: WSJ pC1 "Dow's Climb In Two Days: 14.81 Points" by Peter A. McKay says a rally in financial stocks pushed the market to its second narrow gain in a row, with investors continuing to snap up Wall St. firms that are subject to heavy federal backing. Energy stocks benefited from a rally in crude, which closed at its highest level since 1/11 after new data from the gov showed a drop in gas inventories. ExxonMobil edged uo 0.7%

GE $16.51 +0.02 0.12% 67,791,163 NYSE: WSJ pB2 "Shell Halts Gas Sales to Iran" by Guy Chazan, Spencer Swartz says Shell joins a growing list of firms cutting ties to Iran which includes Caterpillar and GE.

Inv. Bus. Daily pA4 "Cable Firms Ask FCC To Step In Before Spats Become Blackouts" by Reinhardt Krause says a group let by Time Warner that includes Verizon Communications, but not Comcast which is seeking approval from the FTC to buy NBC from GE, has asked the FCC to require broadcasters to maintain their signals during an impasse in negotiations as a result of Disney pulling Comcast's signal from ABC NY viewers during the Oscars.

Hewlett-Packard HPQ $51.78 -0.10 0.19% 11,428,199 NYSE: WSJ pB4 "HP to Brandish its Tech Credentials" by Suzanne Vranica, Justin Scheck says in need of an image makeover after an aggressive acquisition spree, Hewlett-Packard is launching its first corporate ad campaign in more than 5 years. It is known mostly for its printers but is now seeking to recast itself as a broader tech firm.

Inv. Bus. Daily pA6 in a story by Amy Reeves about Mellanox Tech says Intel's dual core processor is a lot more powerful from earlier versions with weaker chips and that Hewlett-Packard is a Mellanox customer, and HP recently reported strong growth in its server biz.

Home Depot HD $31.71 +0.03 0.09% 10,496,557 NYSE: No mentions found.

Intel INTC $21.19 +0.25 1.19% 58,379,012 NASDAQ-GS: Inv. Bus. Daily pA6 in a story by Amy Reeves about Mellanox Tech says Intel's dual core processor is a lot more powerful from earlier versions with weaker chips and that Hewlett-Packard is a Mellanox customer, and HP recently reported strong growth in its server biz.

IBM $125.62 +0.07 0.06% 6,747,403 NYSE: No mentions found.

J.P.Morgan Chase JPM $42.93 +0.51 1.2% 40,707,170 NYSE: Fin Times p14 "Barclays casts acquisitive eye on US lenders" by Patrick Jenkins, Suzanne Kapner, NYT pB2 "Barclays' Appetitie Fro a US Bank" by George Hay, Antony Currie say in their quest it cold face competition from BBVA and Santander, which have snapped up struggling US banks, or from Dominion Bank and JPMorgan Chase, known to be interested in further purchases.

Johnson & Johnson JNJ $64.29 +0.02 0.03% 8,371,138 NYSE: No mentions found.

Kraft KFT $29.38 +0.15 0.51% 13,877,671 NYSE: No mentions found.

McDonald's MCD $64.94 -0.16 0.25% 6,880,919 NYSE: No mentions found.

Merck MRK $36.67 -0.37 1% 19,369,423 NYSE: WSJ pA8 "Osteoporosis Drugs Under FDA Review" by Jennifer Corbett Dooren says the FDA is conducting a safety review of boneuilding drugs like Fosamax and Boniva to see if they increase the risk of femur fractures. Drugs being looked at include Actonel, marketed by Sanofi Aventis and Procter & Gamble, Boniva, marketed by Roche, GlaxoSmithKline and Merck's Fosamax.

Microsoft MSFT $28.97 +0.17 0.59% 44,808,810 NASDAQ-GS: Fin times p3 "Mexico's Slim heads Frobes list of the world's richest" by Kenneth Li, USA Today p2B say Bill Gates of Microsoft has dropped to number 2 with $53 bil compared to Slim's $53.5 bil.

Pfizer PFE $17.15 -0.08 0.46% 56,223,608 NYSE: WSJ pA8 "Osteoporosis Drugs Under FDA Review" by Jennifer Corbett Dooren says the FDA is conducting a safety review of boneuilding drugs like Fosamax and Boniva to see if they increase the risk of femur fractures. Drugs being looked at include Actonel, marketed by Sanofi Aventis and Procter & Gamble, Boniva, marketed by Roche, GlaxoSmithKline and Merck's Fosamax.

Procter & Gamble PG $63.01 -0.29 0.46% 9,239,474 NYSE: No mentions found.

3M MMM $81.56 -0.43 0.52% 3,574,860 NYSE: No mentions found.

Travelers TRV $52.89 -0.68 1.27% 5,882,083 NYSE: No mentions found.

United Technologies UTX $71.79 +0.01 0.01% 4,880,815 NYSE: No mentions found.

Verizon VZ $29.75 -0.16 0.53% 18,139,315 NYSE: Inv. Bus. Daily pA4 "Cable Firms Ask FCC To Step In Before Spats Become Blackouts" by Reinhardt Krause says a group let by Time Warner that includes Verizon Communications, but not Comcast which is seeking approval from the FTC to buy NBC from GE, has asked the FCC to require broadcasters to maintain their signals during an impasse in negotiations as a result of Disney pulling Comcast's signal from ABC NY viewers during the Oscars.

WalMart WMT $53.63 -0.43 0.8% 12,668,359 NYSE: No mentions found.
************************************
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