3/31/10 Wed. am JNJ May Sell Breast Care Unit

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 No. 358. 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 Wednesday's Wall St. Journal, Financial Times, 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 10,907.42 up 11.56 or 0.11% from Monday's close of 10,895.86. Of the 30 Dow Companies: 15 gained and 15 declined. year to date the Dow is up 4.60%. The biggest gainer dollar-wise and percentage-wise was MMM $84.28 +2.92 3.59% 8,704,528 NYSE. The biggest decliner dollar-wise was Travelers TRV $53.93 -0.83 1.52% 3,517,496 NYSE and percentage-wise was AT&T T $25.95 -0.56 2.11% 52,252,054 NYSE.

WSJ pC1 "DJIA, Up 4.6% for Quarter With Day to Go" by Peter McKay says hope for a new partnership between Apple and Verizon Commuications boosted the tech sector, which led a slight stock market gain.

USA Today p4B "Stocks rise as first quarter nears end" by AP says stocks edged higher Tues. after investors made last minute portfolio adjustments before the end of the quarter. Citigroup fell as investors worried about the fed's plan to sell billions of shares over '10. Bank of America was also weak falling 1.6%.

WSJ pC5 "Apple's Verizon Call, Danaher Provide Lift" by Donna Yesalavich says stocks closed higher Tues as hpes for an Apple iPhone that would work on the wireless network from Verizon Communications lifted the tech sector, while a guidance increase from diversified manufacturer Danaher boosted industrials. Divesified manufacturer 3M was the Dow's best performer afer Danaher, another diversified manufacturer, raised its first quarter earnings outlook.

Fin Times p26 "Investors shrug off home price & confidence data" by Masa Serdarevic says US stocks closed marginally higher as investors mostly discounted slightly better than expected home price and consumer confidence data, and found relatively little to focus on the way of corporate news. Energy stocks pulled back as ExxonMobil declined 0.4% and Chevron lost 0.1%. JPMorgan was down 0.6% and BofA was off 1.6%.

NYT pB9 "Tech Sector Rally Helps Wall St. Stay Positive" by Javier Hernandez says Wall St. ended slightly higher on Tues. as an energized tech sector helped offset worries about foreign debt.

AJC pA15 says the stock market moved closer to closing out aother strong quarter with a modest advance Tues. The Dow is on track for its best first quarter performance since '99.

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 17.01 up from Tuesday's 16.99 (year ago it was 25.23) the P/E estimate is 13.85 unchanged from Tuesday's 13.85 (year ago it was 20.24) and the current dividend yield is 2.50 unchanged from Tuesday's 2.50 (it was 4.08 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1,443 up 2 from Monday's closing numerator of 1441. 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 for Tuesday by the divisor you get the increase in Monday's Dow close of 11.56. 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 $48.10 up 0.04 from Monday's Dow Jones Industrial Average closing price of $48.06. The median closing price of Tuesday's Dow Jones Industrial Average was 42.93 down 0.24 from Monday's median closing price of $43.17. The lowest volume was United Technologies UTX $74.13 +0.13 0.18% 2,876,091 NYSE and the highest volume again was Bank of America BAC $17.76- 0.28 1.55% 144,281,883 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 ($144,300 - $144,180).

Market Watch 3/30/10 5:01 pm By Kate Gibson says U.S. stocks meandered for most of Tuesday's session to finish fractionally higher on Tuesday, after a two-day climb and a shortened trading week kept investors cautious ahead of Friday's key jobs report. Crude oil is close to completing a bullish head-and-shoulders continuation pattern, and a sustained break above the $82.75 per barrel neckline would prompt a further 5% to 6% rally to the $87 upside target. Ahead of the official government tally of nonfarm payrolls Friday, the market will receive Wednesday an estimate of March private-sector employment by payroll-processing firm ADP. But with the stock market closed Friday, its response to the jobs report will be delayed until Monday.
The Dow Jones Industrial Average (INDU 10,907, +11.41, +0.11%) ended on a small gain, up 11.56 points, or 0.1%, at 10,907.42, with its 30 components evenly divided between gainers and decliners. After four sessions of gains, the blue-chip average finished at fresh 18-month highs. The Dow is up 5.6% for the nearly ended month and 4.6% for the quarter. Verizon Communications Inc. (VZ 31.40, +0.17, +0.54%) gained 2.6%, making it Tuesday's second best Dow performer, on a Wall Street Journal report that Apple Inc. (AAPL 235.66, -0.19, -0.08%) is developing a version of its iPhone designed to work over the wireless carrier's network. Financial stocks were among the hardest blue-chips hit, with Bank of America Corp. (BAC 17.74, -0.02, -0.11%) off 1.6% and J.P. Morgan Chase & Co. (JPM 44.61, +0.03, +0.07%) down 0.6%. The sector fell as Standard & Poor's cut Iceland's credit rating and after Greece failed to sell half of the government bonds it offered. Also, news that Gartmore Group, a London-based asset manager, had suspended a fund manager due to "breaches of internal procedures directing trade" was cited as a potential market factor by Peter Boockvar, equity strategist at Miller Tabak & Co. The S&P 500 Index (SPX 1,173, -0.05, 0.00%) rose fractionally to 1,173.27, with technology the best performer while financials held back the advance. The broad index seems to revert lower once it gets to the 1,172 to 1,174 range. The technology-heavy Nasdaq Composite Index p (COMP 2,411, +6.33, +0.26%) added 6.33 points to 2,410.69. Home Depot Inc. (HD 32.69, +0.09, +0.28%) edged 0.3% higher after the S&P/Case-Shiller index of home prices beat expectations. The 20-city home-price index in January fell 0.7% from the prior year, the smallest annual drop in nearly three years, while prices rose 0.3% from December to January. Separately, the Conference Board's consumer-confidence index climbed to 52.5 in March, recouping nearly half of the almost 11 points it shed last month. Advancers beat decliners 15 to 14 on the New York Stock Exchange, where 907 million shares changed hands; composite volume neared 4.3 billion. The dollar rose, with an index contrasting the greenback against six major rivals, at 81.483, up from 81.344 late Monday. Treasury yields hovered near multi-month highs, with the benchmark 10-year note (UST10Y 3.86, -0.01, -0.21%) rising 1 basis point to 3.861%. On the New York Mercantile Exchange, crude-oil futures ended 24 cents higher at $82.37 a barrel ahead of data on U.S. petroleum inventories, while gold for June delivery ended down $5.80 at $1,105.70 an ounce.After a four-week advance, the major indexes are headed to a fourth consecutive quarterly rise

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

AT&T T $25.95 -0.56 2.11% 52,252,054 NYSE: WSJ pB1 "AT&T Prepares Network for Battle" by Niraj Sheth, USA Today "Antipation rises for new iPHone model" by Jefferson Graham & AJC pA14 "Verizon report sends Apple shares to a high" says a newspaper report said Apple's iPHone could find a new US sales outlet through Verizon Wireless. Since '07, the iPhone has only been available in the US to AT&T customers. AT&T uses a cellular network tech called GSM. WSJ story says AT&T has taken a beating from consumers who have complained about poor coverage in major cities like NYC and San Fran.

WSJ pC16 "Apple Won't be Bruised by the iPHone Fight" by Martin Peers says there is a good chance that Verizon Wireless' network will get overloaded like At&T's if it gets the iPhone from AT&T.

NYT pB1 "A Wide Call To Improve Web Privacy" by Miguel Helft says a coaltion of tech firms, inclduing AT&T, Google and Microsoft will push Congress to stengthen online privacy laws to protect private digital info from gov access. The group calls itself the Digital Due Process coaltion, and wants to ensure that as people move private documents from filing cabinetss to the Web, they are safe from the gov.

Alcoa AA $14.4 -0.04 0.28% 24,014,496 NYSE: No mentions found.

American Express AXP $41.29 -0.19 0.46% 5,561,293 NYSE: No mentions found.

Bank of America BAC $17.76- 0.28 1.55% 144,281,883 NYSE: USA Today p4B "Stocks rise as first quarter nears end" by AP says stocks edged higher Tues. after investors made last minute portfolio adjustments befoe the end of the quarter. Citigroup fell as investors worried about the fed's plan to sell billions of shares over '10. Bank of America was also weak falling 1.6%.

WSJ pC16 "Overheard" says Bank of America's building of a large building in NYC and the fact that CEO Brian Moynihan lives in Boston and spend a lot of time in NYC means the focus of BofA is shifting from Charlotte to NYC.

WSJ pC5 charts BAC says big banks and regionals were down after a bvearish IMF comment about the German economy.

NYT pB3 "Bof A and Merrill Accused fo Bias" by AP says a lawsuit in NY was filed by 3 female fin'l advisors accusing Merrill Lynch of discriination based on gender.

Boeing BA $73.53 -0.58 0.78% 4,381,292 NYSE: No mentions found.

Caterpillar CAT $63.16 -0.32 0.5% 6,183,157 NYSE: No mentions found.

Chevron CVX $75.3 +0.07 0.09% 6,378,514 NYSE: WSJ pB3 "Essar Is Rethinking Deal For Shell Oil Refineries" by Amol Sharma says oil firms are struggling with low profit margins due to depressed demand for fuel and that is why majors like Shell and Chevron have put some refinery assets up for sale.

Cisco CSCO $26.65 +0.14 0.53% 32,975,933 NASDAQ-GS: USA Today p3B "Cisco makes home Wi-Fi easier to do" by Jefferson Graham says Cisco releases today its first consumer router, the $99 and $149 Valet, that will take the hassle out of setup and automatically puts a home wireless network together.

WSJ pD3 "Feeling at Home With a Router" by Katherine Boehret gives a good review of Cisco's new Valet.

Coca-Cola KO $54.87 +0.10 +0.18% 6,815,741 NYSE: No mentions found.

Disney DIS $35.1 -0.06 -0.17% 17,201,746 NYSE: WSJ pB1 "Three 3D Attractios Vie For Tight Supply of Screens" b Lauren Schuker says one of the three movies is Disney's "Alice in Wonderland."

DuPont DD $37.78 +0.06 0.16% 6,226,922 NYSE: No mentions found.

ExxonMobil XOM $67.05 -0.25 0.37% 17,746,851 NYSE: Fin Times p26 "Investors shrug off home price & confidence data" by Masa Serdarevic says US stocks closed marginally higher as investors mostly discounted slightly better than expected home price and consumer confidence data, and found relatively little to focus on the way of corporate news. Energy stocks pulled back as ExxonMobil declined 0.4% and Chevron lost 0.1%. JPMorgan was down 0.6% and BofA was off 1.6%.

GE $18.3 -0.10 0.54% 53,161,956 NYSE: No mentions found.

Hewlett-Packard HPQ $53.26 +0.29 0.55% 10,143,164 NYSE: WSJ pB4 Intel's New Chip Aimed at Big Servers" by Don Clark says Intel has completed a overhaul of its chips for big servers and is trying to move its technology for retail consumers into big business and governments. It had developed with Hewlett-Packard some years ago a separate chip line called Itanium that helps prevent computer crashes but this new chip called Xeon improves on it. The new Xeon 7500 models will appeal to custoemrs who use Microsoft's Windows oepating system, Linux or Solaris.

Home Depot HD $32.69 +0.09 0.28% 8,666,564 NYSE: No mentions found.

Intel INTC $22.34 +0.01 0.04% 37,720,726 NASDAQ-GS: WSJ pB4 Intel's New Chip Aimed at Big Servers" by Don Clark says Intel has completed a overhaul of its chips for big servers and is trying to move its technology for retail consumers into big business and governments. It had developed with Hewlett-Packard some years ago a separate chip line called Itanium that helps prevent computer crashes but this new chip called Xeon improves on it. The new Xeon 7500 models will appeal to custoemrs who use Microsoft's Windows oepating system, Linux or Solaris.

IBM $128.77 +0.18 0.14% 3,426,538 NYSE: WSJ pB3 "Jury Decies Novell has Unix Copyrights" by Ashby ones says 2 key Unix copyrights belong to Novell and not to SCO Group and the rukling could hurt SCO's lawsuit filed against IBM in '03 alleging that it stole a Unilx license.

J.P.Morgan Chase JPM $44.58 -0.28 0.62% 30,296,245 NYSE: Fin Times p26 "Investors shrug off home price & confidence data" by Masa Serdarevic says US stocks closed marginally higher as investors mostly discounted slightly better than expected home price and consumer confidence data, and found relatively little to focus on the way of corporate news. Energy stocks pulled back as ExxonMobil declined 0.4% and Chevron lost 0.1%. JPMorgan was down 0.6% and BofA was off 1.6%.

Johnson & Johnson JNJ $64.9 +0.08 0.12% 8,311,541 NYSE: WSJ pB3 "J&J Unit Gets an Offer for Breat Care Biz" by Tess Stynes says GTCR Golder Rauner LLC has offered to buy JNJ's Ethicon EndoSurgery division's breast care biz, which sells products to help diagnose breast cancer in its early stages.

Kraft KFT $30.5 -0.04 0.13% 9,197,638 NYSE: No mentions found.

McDonald's MCD $67.24 +0.17 0.25% 5,093,440 NYSE: WSJ pB4 "Tentacles fo Octopus Push to China" by Jonathan Cheng says Octopus is a smart card that allows customers to pay with a plastic card and says 7-11 and McDonald's accept Octopus payments in Hong Kong.

Merck MRK $37.66 -0.23 0.61% 9,921,077 NYSE: No mentions found.

Microsoft MSFT $29.77 +0.18 0.61% 34,955,671 NASDAQ-GS: AJC pA14 "Microsoft wins dismissal of Novell antitrust suit" says the lawsuit filed by Novell blamed MSFT for undermining its WordPerfect program. it was the last private antitrust action against MSFT.

Pfizer PFE $17.26 -0.02 0.12% 41,833,012 NYSE: No mentions found.

Procter & Gamble PG $63.66 -0.07 0.11% 6,113,599 NYSE: WSJ pB14 "Expecting a Consumer Bounce, Georgia-Pacific Invests in Tissue" by Ellen Byron says Procter & Gamble's CEO Robert McDonald told analysts in Jan. that it is not true that the economy is causing everyone to trade down to cheaper products.

3M MMM $84.28 +2.92 3.59% 8,704,528 NYSE: WSJ pC5 "Apple's Verizon Call, Danaher Provide Lift" by Donna Yesalavich says stocks closed higher Tues as hpes for an Apple iPhone that would work on the wireless network from Verizon Communications lifted the tech sector, while a guidance increase from diversified manufacturer Danaher boosted industrials. Divesified manufacturer 3M was the Dow's best performer afer Danaher, another diversified manufacturer, raised its first quarter earnings outlook.

Travelers TRV $53.93 -0.83 1.52% 3,517,496 NYSE: No mentions found.

United Technologies UTX $74.13 +0.13 0.18% 2,876,091 NYSE: No mentions found.

Verizon VZ $31.23 +0.78 2.56% 44,278,290 Dual Listed: AJC pA14 "Verizon report sends Apple shares to a high" says a newspaper report said Apple's iPHone could find a new US sales outlet through Verizon Wireless. Since '07, the iPhone has only been available in the US to AT&T customers. AT&T uses a cellular network tech called GSM.

WSJ pC16 "Apple Won't be Bruised by the iPHone Fight" by Martin Peers says there is a good chance that Verizon Wireless' network will get overloaded like At&T's if it gets the iPhone from AT&T.

Walmart WMT $55.91 +0.17 0.3% 6,941,270 NYSE: WSJ pC1 "Dollar General Flexing Its Discount Muscle" by Kelly Evans says Dollar stores are luring shoppers from supermarkets, drug stores and WalMart.
************************************
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