3/13/10 Sat. Merck's Vytorin Gets Boost from Trials; Pfizer Gets Setback on Sutent

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Post #340. 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 Saturday's Wall Street Journal, Financial Times, Monday's Investor's Business Daily, New York Times USA Today, Atlanta Journal & Constitution, 3/22 & 29/10 BusinessWeek & 3/29 Forbes yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Friday at 10,624.69 up 12.85 0.12% up from Thursday's close of 10611.84. For the week the Dow is up 58.49 or 0.55$ from last Friday's close of 10,566.2. For the year the Dow is up 1.89%. Of the 30 Dow Companies: 14 gained and 16 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $60.35 +1.45 2.46% 9,216,850 NYSE. The biggest decliner dollar-wise was United Technologies UTX $71.53 -0.51 0.71% 5,800,993 and percentage-wise was Bank of America BAC $16.8405 -0.2795 1.63% 165,504,134 NYSE.

WSJ pB1 "Dow Extends Win Streak To Four Days" by Peter A. McKay says the Dow Jones Industrial Average extended its winning streak to 4 days, but the financial sector snapped a record 10 day winning streak, as investors looked ahead to a week packed with key economic announcements and a Fed rate policy meeting.The Dow was led bya 3.4% gain in GE.

WSJ pB2 "GE and Caterpillar Pace Dow" by Donna Kardos Yesalavich says stocks closed mixed Fri. as an increase in retail sales prompted investors to move toward more economically sensitive firms such as GE and Caterpillar. Fin'ls including Bank of America fell following big gains earlier in the week.

Inv. Bus. Daily pA1 "Stocks End Nearly Flat: Vol Is Mixed" by Paul Whitfield says the indexes hovered around the break even point much of Fri's session before settling narrowly mixed. The current outlook is the market is in a confirmed uptrend.

NYT pB7 "Stocks Finish the Session Mixed, but End Stronger for the Week" by AP says mixed economic reports held the equity markets to only modest moves on Fri,though gains for the week were strong.

AJC pA14 "Stocks see solid gains for week" says mixed economic reports held the stock market to only modest moves Fri. Uneven figures on retail sales and consmer confidence gave investors little new insight.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 16.56 up from Friday's P/E ratio of 16.54 (year ago it was 23.96) the P/E estimate is 13.56 up from Friday's P/E estimate of 13.45 (year ago it was 11.01) and the current dividend yield is 2.57 unchanged from Friday's dividend yield of 2.57 (it was 4.30 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1405.85 up 1.70 from Thursday's closing Dow numerator of 1,404.15. 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 1.70 for Friday by the divisor you get the increase in Friday's Dow close of 12.85. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $46.86 up 0.05 from Thursday's Dow Jones Industrial Average closing price of $46.61. The median closing price of Friday's Dow Jones Industrial Average was 41.95 up 0.30 from Thursday's median closing price of 41.65. The lowest volume was 3M MMM $1.38 0.12 0.15% +2,927,881 NYSE and the highest volume again was Bank of America BAC $16.8405 -0.2795 1.63% 165,504,134 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $55 ($140,585 - $140,430).

Market Watch 3/12/10 4:09 pm by Kate Gibson says U.S. stocks post second straight week of gains- -- U.S. stock indexes on Friday tallied a second week of gains in wrapping up a session stuck nearly at neutral. .The Dow Jones Industrial Average (INDU 10,625, +12.78, +0.12%) rose 12.85 points to 10,624.69, leaving it 0.6% higher from the week-ago close. The S&P 500 Index (SPX 1,150, -0.25, -0.02%) fell a quarter of 1 point to 1,149.99, a level that translates into a 1% gain on the week, while the Nasdaq Composite Index (COMP 2,368, -0.80, -0.03%) fell nearly 1 point to finish at 2,367.66, up 1.8% from the week-ago close.

AT&T T $25.595 -0.005 0.02% 16,422,376 NYSE: No mentions found.

Alcoa AA $13.58 -0.06 0.44% 27,307,113 NYSE: No mentions found.

American Express AXP $40.74 +0.63 1.57% 8,676,551 NYSE: No mentions found.

Bank of America BAC $16.8405 -0.2795 1.63% 165,504,134 NYSE: BusWk p6 "Adios, Debit Overdrafts" says BofA, the No. 1 US bank by assets, says it will soon make it impossible for customers to spend more with a debit card than they have in their accounts unless they arrange in advance for overdraft protection which will cost the bank tens of millions of dollars in fees.

WSJ pA5 "BofA Pledges Donation Transparency" by ichael Howard Saul, Dan Fitzpatrick says NYC Comptroller John C.. Liu reached an agreement with Bank of America wherein the bank will publish annually a summary of its political donations on its Web site.

WSJ pB2 "GE and Caterpillar Pace Dow" by Donna Kardos Yesalavich says stocks closed mixed Fri. as an increase in retail sales prompted investors to move toward more economically sensitive firms such as GE and Caterpillar. Fin'ls including Bank of America fell following big gains earlier in the week.

WSJ pB3 "More at BofA Get Cheaper Mortgages" says BAC added 8,000 customers to the ranks of borrowers modifyingmortgages under the gov's Home Affordable Modification Program in the latest month.

Boeing BA $69.8 -0.27 0.39% 5,015,926 NYSE: BusWk p8Northrop Gives Up' says after a decade long fight, Boeing will grab a $35 bil US Air Froce refueling tanker contract after its only rival Northrop Grumman and its partner European Aeroanautic Defense & Space dropped out.

Caterpillar CAT $60.35 +1.45 2.46% 9,216,850 NYSE: WSJ pB2 "GE and Caterpillar Pace Dow" by Donna Kardos Yesalavich says stocks closed mixed Fri. as an increase in retail sales prompted investors to move toward more economically sensitive firms such as GE and Caterpillar. Fin'ls including Bank of America fell following big gains earlier in the week.

Chevron CVX $73.76 -0.23 0.31% 7,252,857 NYSE: No mentions found.

Cisco CSCO $25.88 -0.09 0.35% 31,005,178 NASDAQ-GS: No mentions found.

Coca-Cola KO $53.34 -0.26 0.49% 9,842,843 NYSE: No mentions found.

Disney DIS $33.71 -0.10 0.3% 9,220,630 NYSE: BusWk p10 "The Movie That Roared" says during the Oscars Disney's ABC pulled the telecast in New York on Cablevision due to their dispute over retransmission fees.

AJC pA13 "Disney plans to close studio" says it will close a facility in San Francisco to cut costs.

WSJ pB6 "Lions Gate Criticizes Icahn's Offer" by Nat Worden, Lauren A.E. Schuker says the rift between Lions Gate Entertainment and Icahn, who owns 18.9% of Lions Gate and is offering $6 a share for another 13.2 mil shares comes as Lions Gate is considering purchasing the film libraries of Disney's Miramax and MGM which Icahn is against when the value of the libraries is declining.

DuPont DD $35.45 +0.10 0.28% 5,708,331 NYSE: No mentions found.

ExxonMobil XOM $66.78 -0.44 0.65% 21,280,832 NYSE: No mentions found.

GE $17.03 +0.55 3.34% 104,097,129 NYSE: BusWk p38 "Revenge of the Cable Guys" by Ronald Grover, Tom Lowry, Cliff Edwards says cable operators pay $32 bil a year for content. In the future, all tv could be by subscription and cites the online video service, Hulu, owned by GE's NBC Universal, Disney and Fox as an example.

WSJ pB1 "Dow Extends Win Streak To Four Days" by Peter A. McKay says the Dow Jones Industrial Average extended its winning streak to 4 days, but the financial sector snapped a record 10 day winning streak, as investors looked ahead to a week packed with key economic announcements and a Fed rate policy meeting.The Dow was led bya 3.4% gain in GE.

WSJ pB2 "GE and Caterpillar Pace Dow" by Donna Kardos Yesalavich says stocks closed mixed Fri. as an increase in retail sales prompted investors to move toward more economically sensitive firms such as GE and Caterpillar. Fin'ls including Bank of America fell following big gains earlier in the week.

WSJ p B6 "Ct Upholds Ban on Exclusive Cable Pacts" by Amy Schatz, Brent Kendall, NYT pB3 "Appeals court Upholds Access Rules for Cable TV" by Edward Wyatt, Inv. Bus. Daily" Cable Firms Lose Program Access Ruling" by AP says a fed court Fri upheld regulations that requrie calbe TV firms to make sports programming and other channels they own available on equal terms to rival TV providers such as satellite firm and leaves in place the FCC program access rules which are intended to ensure that cable firms can't withhold desirable programming that they own from rivals. It is a setback for Cablevision and Comcast. Comcast is seeking FCC & Justice Dept. approval to buy a 51% stake in NBC Universal from GE. The FCC extended the ban on exclusive cable pacts in '07 although it noted that cable operators did face more competition from satellite TV providers and phone firms like Verizon Communications.

Hewlett-Packard HPQ $52.36 +0.34 0.65% 11,166,408 NYSE: No mentions found.

Home Depot HD $32.46 +0.33 1.03% 13,541,210 NYSE: Forbes p92 ranks the world's billionaires and places Microsoft's Bill Gates at 2 with %53 bil, members of the Walton family, founder of WalMart, at numbers 12, 15, & 16, 297, 363, 655 (tied) Steve Ballmer of Microsoft at 33 with $14.5 bil, Gordon Moore, Intel is ranked 237, with $3.8 bil, Home Depot's Bernie Marcus is ranked 655 (tied) with $1.5 bil & Arthur Blank is 773 with $1.3 bil

Intel INTC $21.27 +0.02 0.09% 39,461,723 NASDAQ-GS: Forbes p92 ranks the world's billionaires and places Microsoft's Bill Gates at 2 with %53 bil, members of the Walton family, founder of WalMart, at numbers 12, 15, & 16, 297, 363, 655 (tied) Steve Ballmer of Microsoft at 33 with $14.5 bil, Gordon Moore, Intel is ranked 237, with $3.8 bil, Home Depot's Bernie Marcus is ranked 655 (tied) with $1.5 bil & Arthur Blank is 773 with $1.3 bil

IBM $127.945 +0.345 0.27% 4,929,483 NYSE: No mentions found.

J.P.Morgan Chase JPM $43.16 -0.02 0.05% 29,553,706 NYSE: WSJ pB3 "JPMorgan, WaMu End Deposit Spat, AJC pA13 "WaMu reaches pact with JPMorgan, FDIC say the settlement resolves a dispute over $4 bil at issue when WaMu went bankrupt.

Johnson & Johnson JNJ $64.178 -0.042 0.07% 7,784,210 NYSE: BusWk p68 "did J&J Plan to Break the Rules?" by Margaret Cronin Fisk, Jef Feeley, David Voreacos says JNJ's Risperdal antipsychosis medicine at its peark produced $4.5 bil in medicine but it has resulted in lawsuits against JNJ in 10 US states for promoting Risperdal off label for uses the FDA didn't approve and in Jan, the US Justice Dept. sued J&J in a fed court in Boston, claiming it paid kickbacks to Omnicare, the largest US pharmacy for nursing home patients, to buy and recommend Risperdal and other drugs.

Forbes p 170 "It's Payout Time" says he likes 3 dividend paying blue chips: Nestle, Philip MOrris and JNJ, a global health and consumer products manufacturer with sales of $65 bil and free cash flow of $14 bi. Dividend yield plus share buybacks total 6% per year. The author expects annual earnings gains of 6%.

Kraft KFT $29.4499 +0.0299 0.1% 7,648,299 NYSE: No mentions found.

McDonalds MCD $65.53 +0.32 0.49% 5,986,297 NYSE: No mentions found.

Merck MRK $37.14 +0.26 0.7% 15,562,369 NYSE: Inv. Bus. Daily pB9 "Merck's New Cholesterol Pill Gets A Boost" by Patrick Cain says Merck, which offers a 4.1% dividend, said that its researchers said that trials being conducted on Bytorin, a combo of 2 drugs, Zocor & Zertia, will continue. It's a pricey drug but it aims to better prevent heart attacks, strokes & deaths than just Zocor alone.

Microsoft MSFT $29.27 +0.09 0.31% 31,513,324 NASDAQ-GS: Forbes p92 ranks the world's billionaires and places Microsoft's Bill Gates at 2 with %53 bil, members of the Walton family, founder of WalMart, at numbers 12, 15, & 16, 297, 363, 655 (tied) Steve Ballmer of Microsoft at 33 with $14.5 bil, Gordon Moore, Intel is ranked 237, with $3.8 bil, Home Depot's Bernie Marcus is ranked 655 (tied) with $1.5 bil & Arthur Blank is 773 with $1.3 bil.

WSJ pA1 "Forbidden Fruit: Microsoft Workers Hide Their iPhones" by Nick Wingfield says says Microsoft's employees are not supposed to use products of rivals such as the iPhone which is made by Apple.

Pfizer PFE $17.08 -0.21 1.21% 82,675,279 NYSE: NYT pB2 "Setbacks for Pfizer on Cancer Treatments" by Reuters says Pfizer said 2 late stage breast cancer trials involving its cancer drug Sutent failed to meet their goals and it has stopped a pivotal lung cancer trial of an exprimental durg, figitumumab.

Procter & Gamble PG $63.32 +0.15 0.24% 8,067,350 NYSE: Forbes p59 "Take It All Off" by Laurie Burkitt says PG is focusing on men who bought $7.5 bil of its grooming goods last year comapred to $18.7 bil spent by somen. PG has 44.1% market share with unit sales of $2.1 bil and makes Tide, Charmin & Crest and has focused mostly on women since it was founded in 1837. It launched 50 new male specific grooming products towards men in the past 3 years including Fusion ProGlide razors and Odor Shield body wash both from Gillette, which it acquired for $57 bil in '05.

3M MMM $81.38 0.12 0.15% +2,927,881 NYSE: No mentions found.

Travelers TRV $53.16 0.46 -0.86% 4,461,086 NYSE: No mentions found.

United Technologies UTX $71.53 -0.51 0.71% 5,800,993 NYSE: No mentions found.

Verizon VZ $29.73 -0.11 0.37% 11,276,767 NYSE: WSJ p B6 "Ct Upholds Ban on Exclusive Cable Pacts" by Amy Schatz, Brent Kendall, NYT pB3 "Appeals court Upholds Access Rules for Cable TV" by Edward Wyatt, Inv. Bus. Daily" Cable Firms Lose Program Access Ruling" by AP says a fed court Fri upheld regulations that requrie calbe TV firms to make sports programming and other channels they own available on equal terms to rival TV providers such as satellite firm and leaves in place the FCC program access rules which are intended to ensure that cable firms can't withhold desirable programming that they own from rivals. It is a setback for Cablevision and Comcast. Comcast is seeking FCC & Justice Dept. approval to buy a 51% stake in NBC Universal from GE. The FCC extended the ban on exclusive cable pacts in '07 although it noted that cable operators did face more competition from satellite TV providers and phone firms like Verizon Communications.

WalMart WMT $53.9 -0.07 0.13% 10,474,894 NYSE: Forbes p92 ranks the world's billionaires and places Microsoft's Bill Gates at 2 with %53 bil, members of the Walton family, founder of WalMart, at numbers 12, 15, & 16, 297, 363, 655 (tied) Steve Ballmer of Microsoft at 33 with $14.5 bil, Gordon Moore, Intel is ranked 237, with $3.8 bil, Home Depot's Bernie Marcus is ranked 655 (tied) with $1.5 bil & Arthur Blank is 773 with $1.3 bil
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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