3/12/10 Fri. am Patients' Groups Distrust Big Pharma: PFE, JNJ

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 #338. 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 Friday's Wall Street Journal, Financial 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 Thursday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Thursday at 10,611.84 up 44.51 0.42% up from Wednesday's close of 10,567.33. For the year the Dow is up 1.76%. Of the 30 Dow Companies: 25 gained, ExxonMobil was unchanged and 4 declined. The biggest gainer dollar-wise and percentage-wise was IBM $127.6 +1.98 1.58% 7,925,739 NYSE. The biggest decliner dollar-wise and percentage-wise was Coca-Cola KO $53.6 -0.60 1.11% 14,573,713 NYSE.

WSJ pC1 "Fin'ls Boost Dow" by Peter A. McKay says stocks rallied to a 3rd consecutive gain, buoyed by bullish comments from Citigroup's ceo. Talk of a possible sale by the gov of Citigroup shares which wold free Citigroup from gov overshight, has pushed the bank's shares higher in recent days. Trading in Citigroup represented mroe than one fifth of the market's overall vol as 1.2 bil shares changed hands, more than 8 times that of Bank of America, the next most active stock.

WSJ pC "Citigroup Rises 5.6% On Pandit Comments" by Donna Kardos Yesalavich says large cap stocks due to bullish comments from Citi's ceo and this boosted investor sentiment for a host of firms including Disney and Home Depot. The dow had its highest close since 1/19, it closed at the day's high, month to date it is up 2.78% and is down 3,552.69 or 25% from its record close of 14,164.53 on 10/9/07.

Fin Times pA22 "Blue chips close in positive territory after late turnround" by Masa Serdarevic says US stocks regained group Thurs. after falling early in the session as investors digested mixed US economic data releases and warnings by Beijing that inflation will be a problem for its economy this year.

USA Today p6B "Optimism from banks sends stocks up" by Bloomberg says the stock market rallied Thurs as Citigroup and Zions Bancorporation led a bank rally and investors speculated taht health care reform will be harder to pass.

AJC pA15 says "Stocks climb as financial shares rise" says a rally in fin' stocks Thurs. helped the market extend its grind higher to a 3rd day. The SP 500 index cleared an important hurdle when it closed just above its Jan. peak to set a new 17 month high. Fin'l shares rose after Citigroup CEO Pandit said the bank was on a path toward sustained profitability as it sells off risky assets.

As of the open of the market Friday, 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 16.54 up from Thursday's P/E ratio of 16.48 (year ago it was 23.78) the P/E estimate is 13.45 unchanged from Thursday's P/E estimate of 13.45 (year ago it was 9.91) and the current dividend yield is 2.57 down from Thursday's dividend yield of 2.58 (it was 4.33 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1404.15 up 5.89 from Wednesday's closing Dow numerator of 1,398.26. 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 5.89 for Thursday by the divisor you get the increase in Thursday's Dow close of 44.51. 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 Thursday's Dow Jones Industrial Average was $46.81 up 0.20 from Wednesday's Dow Jones Industrial Average closing price of $46.61. The median closing price of Thursday's Dow Jones Industrial Average was 41.65 up 0.32 from Wednesday's median closing price of 41.33. The lowest volume was 3M MMM $81.26 -0.30 0.37% 3,971,072 NYSE and the highest volume again was Bank of America BAC $17.12 +0.01 0.06% 144,234,618 NYSE.

If Thursday 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 $604 ($140,430 - $139,826).

Market Watch 3/11/10 4:09 pm by Kate Gibson says -- U.S. stocks on Thursday finished higher for a third day after a late-session move led by financials that came with Citigroup Inc. (C 4.19, +0.01, +0.24%) declaring itself on its way to sustainable profitability. The Dow Jones Industrial Average (INDU 10,612, +44.36, +0.42%) added 44.51 points, or 0.4%, to 10,611.84. The S&P 500 Index (SPX 1,150, +4.63, +0.40%) gained 4.63 points, or 0.4%, to 1,150.24. The Nasdaq Composite Index (COMP 2,368, +9.51, +0.40%) rose 9.51 points, or 0.4%, to 2,368.46.

AT&T T $25.6 +0.08 0.31% 21,758,860 NYSE: AJC pA14 "At&T chief exec's pay rises to $20.2 mil" says CEO Randall Stephenson saw his comp rise by a third.

Alcoa AA $13.64 +0.07 0.52% 26,510,213 NYSE: No mentions found.

American Express AXP $40.11 +0.39 0.98% 7,635,589 NYSE: No mentions found.

Bank of America BAC $17.12 +0.01 0.06% 144,234,618 NYSE: WSJ pC4 says Bank of America is issuing 1.5 bil in Euros as a self led bond issue.

Boeing BA $70.07 +0.06 0.09% 7,291,633 NYSE: No mentions found.

Caterpillar CAT $58.9 +0.12 0.2% 6,162,831 NYSE: WSJ pB1 "Caterpillar Joins "Onshoring" Trend" by Kris Maher, Bob Tita says Caterpillar is relocating some heavy equipment overseas production to a new US plant, part of a growing movement, known as onshoring or reshoring, among manufacturers to bring more operations back home. this shift will spark fierce competition among states for new manufacturing jobs and the trend is gaining momentum as a weak US dollar makes it costlier to import products from overseas.

Chevron CVX $73.99 +0.03 0.04% 7,025,783 NYSE: AJC B4 "Judge Backs Arbitration in Chevron-Ecudador Case" by Chad Bray, AJC pA14 "Judge alllows Chevron arbitration to proceed" say the judge in Manhattan said CVX can do its arbitration claim against Ecuador related to a 17 yr. court battle over rain forest contamination.

Cisco CSCO $25.97 +0.098 0.38% 37,264,399 NASDAQ-GS: No mentions found.

Coca-Cola KO $53.6 -0.60 1.11% 14,573,713 NYSE: AJC pA13 "coke, Pepsi like Internet gains" by Jeremiah McWilliams says both firms are using social media to help sell their brands.

AJC pA14 "Suits wants to block Coke takeover of CCE" says anotehr putative class action lawsuit has been filed in Fulton County Superior Ct. in Ga. challenging KO's take over of the N. Amer. operations of its main bottler.

Disney DIS $33.81 +0.48 1.44% 11,338,763 NYSE: WSJ pD1 "Disney narrows Its Movie Focus, building on Known Characters" by Ethan Smith says Disney is retooling how its movie studio makes and markets films by backing away from one-off comedies and instead will focus on films that are eseential brands such as a planned Muppets movie that can be exploited across its network of theme parks, video games and commercial products such as it can do with "Alice in Wonderland" which is a recent success. Hollywood is being hammered by DVDs and the need for instant gratification offered by digital tech.

WSJ pB7 "FCC to Examine Rules For TV Fee Disputes" by Amy Schatz, USA Today p1B say the FCC is examining whether to change its rules to prevent consumers from losing channels during fee disputes between broadcasters and cable operators as happened recently with Disney and Comcast. A group of pay TV opeators including Verizon Communications asked the FCC to change it rules.

WSJ pC "Citigroup Rises 5.6% On Pandit Comments" by Donna Kardos Yesalavich says large cap stocks due to bullish comments from Citi's ceo and this boosted investor sentiment for a host of firms including Disney and Home Depot. The dow had its highest close since 1/19, it closed at the day's high, month to date it is up 2.78% and is down 3,552.69 or 25% from its record close of 14,164.53 on 10/9/07.

DuPont DD $35.35 +0.15 0.43% 4,628,792 NYSE: No mentions found.

ExxonMobil XOM $67.22 unch unch 19,358,427 NYSE: WSJ pB2 "Exxon Output Gains pose Risk to Margin" by Russell Gold says Exxon's expanded oil and natural gas production could mean smaller returns than in the past due to contract restrictions.

GE $16.48 -0.03 0.18% 64,847,539 NYSE: AJC pA14 "Feds pledge tough review of Comcast-(GE) NBC deal" says this is the position of the Justice Dept's chief antitrust officer, Christine Varney.

Hewlett-Packard HPQ $52.02 +0.24 0.46% 9,571,383 NYSE: No mentions found.

Home Depot HD $32.13 +0.42 1.32% 15,296,721 NYSE: WSJ pC "Citigroup Rises 5.6% On Pandit Comments" by Donna Kardos Yesalavich says large cap stocks due to bullish comments from Citi's ceo and this boosted investor sentiment for a host of firms including Disney and Home Depot. The dow had its highest close since 1/19, it closed at the day's high, month to date it is up 2.78% and is down 3,552.69 or 25% from its record close of 14,164.53 on 10/9/07.

Intel INTC $21.25 +0.06 0.28% 53,736,600 NASDAQ-GS: WSJ pB7 "Intel, AMD Set to Escalate Server Chip Fight" by Don Clark says Intel and Advanced Micro Devices are overhauling their lines of chips for server systems at a rare times, just as customers' appetite for new tech finally seems to be iproving.

IBM $127.6 +1.98 1.58% 7,925,739 NYSE: No mentions found.

J.P.Morgan Chase JPM $43.18 +0.25 0.58% 30,107,235 NYSE: No mentions found.

Johnson & Johnson JNJ $64.22 -0.07 0.11% 9,958,004 NYSE: Fin Times p17 "Patients' groups distrust big pharma" by Andrew Jack says the majority of patients' organizations consider pharma firms untrustworthy, according to a survey conducted by a UK consulting group, PatientView. Novartis performed best and Baxter the worst with Pfizer ranked tied for 6th down 4 and Johnson & Johnson was ranked 8th in the trustworthiness ranking for '09 down 7.

Kraft KFT $29.42 +0.04 0.14% 8,597,698 NYSE: No mentions found.

McDonald's MCD $65.21 +0.27 0.42% 4,350,525 NYSE: No mentions found.

Merck MRK $36.88 +0.21 0.57% 15,247,090 NYSE: No mentions found.

Microsoft MSFT $29.18 +0.21 0.72% 35,344,538 NASDAQ-GS: WSJ pB7 "Motorola To Add Bing On Phones" by Jeffrey Ng says it will add Bing search and map capabilities to Motorola's smart phones, with the new offering to be launched in China.

Pfizer PFE $17.29 +0.14 0.82% 48,913,683 NYSE: Fin Times p17 "Patients' groups distrust big pharma" by Andrew Jack says the majority of patients' organizations consider pharma firms untrustworthy, according to a survey conducted by a UK consulting group, PatientView. Novartis performed best and Baxter the worst with Pfizer ranked tied for 6th down 4 and Johnson & Johnson was ranked 8th in the trustworthiness ranking for '09 down 7.

Procter & Gamble PG $63.17 +0.16 0.25% 9,852,630 NYSE: No mentions found.

3M MMM $81.26 -0.30 0.37% 3,971,072 NYSE: No mentions found.

Travelers TRV $53.62 +0.73 1.38% 4,085,787 NYSE: No mentions found.

United Technologies UTX $72.04 +0.25 0.35% 4,983,932 NYSE: No mentions found.

Verizon VZ $29.84 +0.09 0.3% 10,982,146 NYSE: WSJ pB7 "FCC to Examine Rules For TV Fee Disputes" by Amy Schatz says the FCC is examining whetehr to change its rules to prevent consumers from losing channels during fee disputes between broadcasters and cable operators as happened recently with Disney and Comcast. A group of pay TV opeators including Verizon Communications asked the FCC to change it rules.

WalMart WMT $53.97 +0.34 0.63% 10,673,146 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