3/6/10 Sat. Disney/Cablevision Fight Heats Up as 3 Mil May Not See Academy Awards

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Post #328. 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 Sat/Sun.'s Wall Street Journal, Sat/Sun'.s Financial Times, (Monday's) Investor's Business Daily, The New York Times & 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 Friday's stock prices and related data.

Dow: WSJ pB1 "Jobs Report Boosts Dow 122.06 Points" by peter A. McKay says signs of slowing job losses sparked the best one day gain in stocks in more than 2 weeks, as investors bet more aggressively on an economic recovery. The Dow rose for a second session in a row for its best one day gain in both point and percentage terms since 2/16. Blue chips were led by increases of more than 3% each in Alcoa, Boeing, and American Express. The Dow is still down 1.5% from its high for the year hit on 1/19. The gains came after the Labor Dept said nonfarm payrolls fell by 36,000 in Feb, well below economists' consensus expectations for a drop of 75,000 driven in part by severe weather. The unemployment rate held steady at 9.7% better than the 9.8% rate economists expected. Volume improved compared to the previous 2 sessions, though it still fell shy of the '10 average of around 5 bil shares.

WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

Inv. Bus. Daily pA1 "Stocks jump As More leaders Break Out" by Paul Whitfield says stocks strode ahead confidently Fri, and a handful of breakouts added to the bullish tone. Friday's action was up sharply in stronger volume. The current outlook is market is in a confirmed uptrend.

Sat. NYT pB6 "A Strong Finish Ends an Up Week on Wall Street" by Javier C. Hernandez says a better than expected snapshot of unemployment in the US lifted Wall St. on Fri., reinforcing hopes that the job market, and the broader economy, might be gaining strength. Investors hadd been bracing for a dreary report because of speculation that snowstorms in Feb. would exaggerate job losses by 100,000 or mroe. When the Labor Dept's tally came in at a modest 36,000, traders turned optimistic.

The Dow Jones Industrial Average closed Friday at 10,566.2 up 122.06 or 1.17% or 0.46% from Thursday's close of 10,396.76. For the week the Dow is up 240.94 or 2.3% from last Friday's close of 10,325.26.For the year the Dow is up 1.32%. Of the 30 Dow Companies: 28 gained and 2 (Microsoft and Verizon) declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $67.93 +2.38 3.63% 8,485,422 NYSE. The biggest decliner dollar-wise and percentage-wise was Microsoft MSFT $28.5875 -0.0425 0.15% 55,828,336 NASDAQ-GS.

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 16.47 up from Friday's P/E ratio of 16.28 (year ago it was 21.98) the P/E estimate is 13.45 unchanged from Friday's P/E estimate of 13.21 (year ago it was 9.91) and the current dividend yield is 2.57 down from Friday's dividend yield of 2.60 (it was 4.68 a year ago).

Friday's Dow Jones Industrial Average closing numerator was 1398.11 up 16.15 from Thursday's closing Dow numerator of 1,381.96. 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 16.15 for Friday by the divisor you get the increase in Friday's Dow close of 122.06. 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 $46.60 up 0.54 from Thursday's Dow Jones Industrial Average closing price of $46.06. The median closing price of Friday's Dow Jones Industrial Average was 40.50 up 0.49 from Thursday's median closing price of 41.01. The lowest volume was 3M MMM $82.44 +1.42 1.75% 3,133,719 NYSE and the highest volume again was Bank of America BAC $16.7 +0.30 1.83% 171,693,149 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 $1,604 ($139,800 - $138,196).

Market Watch Market March 54, 2010, 5:38 p.m.by Peter McKay & Donna Kardos Yesalavich says U.S. stocks rally as jobs data lifting sentiment
Benchmarks post second week of gains; Dow has best day since mid-Feb. U.S. stocks close higher on retail sales, upgrades -- Signs of slowing job losses in the U.S. sparked the best one-day gain in stocks in more than two weeks on Friday as investors bet more aggressively on economic recovery. The Dow Jones Industrial Average (INDU 10,566, +121.91, +1.17%) ended 122.06 points higher, up 1.2%, at 10,566.20, its best one-day rise in both point and percentage terms since Feb. 16.
Standard & Poor's 500-stock (SPX 1,139, +15.72, +1.40%) gained 1.4%. Its financial sector rose 2%, getting a boost after an afternoon report showed borrowing by consumers unexpectedly climbed in January. In the week's most widely anticipated economic release, the Labor Department said nonfarm payrolls fell by 36,000 in February, well below the drop of 90,000 expected by economists polled by MarketWatch. The unemployment rate held steady at 9.7%, better than the 9.8% rate economists expected. The jobs report comes on the heels of recent readings of manufacturing, service-sector activity, and retail sales that have also shown improvement, reinforcing the view of many traders and analysts that the U.S. economy is staging a gradual comeback. Volume on Friday improved compared to the previous two sessions, though it still fell shy of the 2010 daily average around 5 billion shares. Composite turnover in New York Stock Exchange-listed companies hit 4.3 billion shares. Investment banker Herb Allen added to his stake in Coca Cola while insiders at Open Table are taking chips off the table. The Nasdaq Composite Index (COMP 2,326, +34.04, +1.48%) was up 1.5%, helped by a 3.9% gain in Apple (AAPL 219.00, +0.05, +0.02%) after the electronics maker said its iPad tablet would be available in the U.S. on April 3. It was a second-straight week of gains for the indexes. The Dow average added 2.3% for the week, the S&P 500 gained 3.1%, and the Nasdaq Composite climbed 3.9%. Shares of Monster Worldwide Inc. (MWW 15.69, +0.01, +0.07%) and other staffing and job-search companies gained on Friday's jobs report. Monster jumped 3.8% while Robert Half International (RHI 29.92, +1.14, +3.96%) climbed 4% and Manpower Inc. (MAN 55.73, +2.03, +3.78%) climbed 3.8%. The Dow average was led by gains of more than 3% each in Alcoa, Inc. (AA 13.87, +0.03, +0.24%), Boeing Co. (BA 67.94, +0.01, +0.02%) and American Express Co. (AXP 40.16, -0.04, -0.10%) shares. Commodity prices also benefited from optimism about the economy on Friday, with traders betting on increased demand. Crude futures approached $82 a barrel, and the broad Dow Jones-UBS Commodity Index was up 0.6%.
News from overseas was more of a mixed bag for investors. The Greek parliament approved a €4.8 billion ($6.52 billion) austerity package, seen as a prelude to any European Union aid for Greece, while thousands of union members protested the measures on the streets outside. Prime Minister George Papandreou is embarking on a five-day tour of foreign capitals to persuade fellow EU leaders to back Greece as it faces one of its worst economic crises in its modern history. China's government announced a conservative budget for 2010 that reinforces its gradual shift away from stimulus programs adopted during the financial crisis, even as officials said they were still committed to supporting economic growth. Meanwhile, a report from the Nikkei newspaper said the Bank of Japan may take further easing measures, news that sent the Nikkei 225 up in Tokyo and lifted the dollar against the Japanese yen. The U.S. Dollar Index (DXY 80.42, -0.14, -0.17%) , which measures the greenback versus a basket of six overseas denominations, was flat. The cost of one euro rose to $1.3609, up from $1.3591 late Thursday.Treasury prices fell. The benchmark 10-year note was off 22/32 to yield 3.689%.

AT&T T $24.99 +0.03 0.12% 27,695,292 NYSE: No mentions found.

Alcoa AA $13.84 +0.41 3.05% 40,567,380 NYSE: WSJ pB1 "Jobs Report Boosts Dow 122.06 Points" byPeter A. McKay says signs of slowing job losses sparked the best one day gain in stocks in more than 2 weeks, as investors bet more aggressively on an economic recovery. The Dow rose for a second session in a row for its best one day gain in both point and percentage terms since 2/16. Blue chips were led by increases of more than 3% each in Alcoa, Boeing, and American Express. The Dow is still down 1.5% from its high for the year hit on 1/19. The gains came after the Labor Dept said nonfarm payrolls fell by 36,000 in Feb, well below economists' consensus expectations for a drop of 75,000 driven in part by severe weather. The unemployment rate held steady at 9.7% better than the 9.8% rate economists expected. Volume improved compared to the previous 2 sessions, though it still fell shy of the '10 average of around 5 bil shares.

American Express AXP $40.2 +1.31 3.37% 10,119,693 NYSE: WSJ pB1 "Jobs Report Boosts Dow 122.06 Points" by peter A. McKay says signs of slowing job losses sparked the best one day gain in stocks in more than 2 weeks, as investors bet more aggressively on an economic recovery. The Dow rose for a second session in a row for its best one day gain in both point and percentage terms since 2/16. Blue chips were led by increases of more than 3% each in Alcoa, Boeing, and American Express. The Dow is still down 1.5% from its high for the year hit on 1/19. The gains came after the Labor Dept said nonfarm payrolls fell by 36,000 in Feb, well below economists' consensus expectations for a drop of 75,000 driven in part by severe weather. The unemployment rate held steady at 9.7% better than the 9.8% rate economists expected. Volume improved compared to the previous 2 sessions, though it still fell shy of the '10 average of around 5 bil shares.

WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

Bank of America BAC $16.7 +0.30 1.83% 171,693,149 NYSE: WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

Boeing BA $67.93 +2.38 3.63% 8,485,422 NYSE: WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

WSJ pB1 "Jobs Report Boosts Dow 122.06 Points" by peter A. McKay says signs of slowing job losses sparked the best one day gain in stocks in more than 2 weeks, as investors bet more aggressively on an economic recovery. The Dow rose for a second session in a row for its best one day gain in both point and percentage terms since 2/16. Blue chips were led by increases of more than 3% each in Alcoa, Boeing, and American Express. The Dow is still down 1.5% from its high for the year hit on 1/19. The gains came after the Labor Dept said nonfarm payrolls fell by 36,000 in Feb, well below economists' consensus expectations for a drop of 75,000 driven in part by severe weather. The unemployment rate held steady at 9.7% better than the 9.8% rate economists expected. Volume improved compared to the previous 2 sessions, though it still fell shy of the '10 average of around 5 bil shares.

Caterpillar CAT $59.23 +0.78 1.33% 6,622,070 NYSE: No mentions found.

Chevron CVX $74.3 +1.22 1.67% 8,736,729 NYSE: No mentions found.

Cisco CSCO $25.21+ 0.26 1.04% 56,933,905 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.7 +0.23 0.42% 12,089,668 NYSE: Sat. AJC "Coke CEO's take home pay rises" by Jeremiah McWiliams says CEO's Muhtar Kent's pay rose 16% to $7.36 mil last year.

AJC pA13 "UBS upgrades rating on Coca-Cola to buy" says UBS on Thurs upgraded Coca-Cola to a "buy" rating.

Sat. AJC pA13 "Coke continues alliance with NASCAR tracks" says KO and Speedway Motorsports Inc.a re extending their partnership through '15, allowing Coke brands a free hand at NASCAR tracks in Charlotte, Atlanta, las Vegas and elsewhere.

Disney DIS $33.22 +0.65 2% 19,195,974 NYSE: WSJ pA6 "Cablevision Viewers May Miss Awards" by Sam Schechner, Shira Ovide, Sat. NYT pB4 "Disney & Cablevision Snipe At Chiefs in Contract Talks" by Brian Stelter, Brooks Barnes, WSJ pB16 "For TV, Sport is the most Dangerous Game" says the fight between Cablevision and Disney's ABC over fees is heating up. Cablevision claims ABC is asking for the fee increase because its sister firm ESPN is stuck making huge payments for out of control sports broadcasting rights. Cablevision could yank ABC from 3 mil homes only hours before the Academy Awards ceremony is the dispute isn't resolved by midnight Sat.

DuPont DD $34.97 +0.41 1.19% 6,837,933 NYSE: No mentions found.

ExxonMobil XOM $66.47 +1.07 1.64% 26,675,025 NYSE: No mentions found.

GE $16.35 +0.24 1.49% 65,015,331 NYSE: Fin Times p9 "GE chief to forgo bonus for a secod year" by Jeremy Lemer, WSJ pB5 "GE CEO Immelt Sips '09 Bonus" by Paul Glader, Sat. AJC pA13 "GE CEO turns down bonus fo '09" by AP say GE's CEO Jeffrey Immelt did not take a '09 bonus the second straight year he gave up extra pay as GE had one of its worst years as it cut its dividend 68% to conserve cash and took Fed. bail out cash.

Hewlett-Packard HPQ $52.03 +0.52 1.01% 15,404,325 NYSE: Sat. AJC pA13 "HP trims 1st quarter net income amid lawsuit" say it is trimming the net income for the 1Q ending in Jan from $2.32 bil to $2.25 bil to set aside more cash to pay for costs in a lawsuit filed by UK broadcaster BskyB vs. subsidiary Electronic Data Systems.

Home Depot HD $31.8 +0.36 1.15% 18,062,385 NYSE: Sat. AJC pA13 "Home Depot reduces energy use at stores" says HD cut energy use at US stores by 16% since '04 and its goal is 20% by '15.

Intel INTC $20.79 0.26 +1.27% 45,801,172 NASDAQ-GS: No mentions found.

IBM $127.25 0.53 +0.42% 6,120,100 NYSE: No mentions found.

J.P.Morgan Chase JPM $42.81 0.89 +2.12% 34,611,147 NYSE: WSJ pB2 "Boeing Paces Dow, up 3.6%" by Donna Kardos Yesalavich says stocks rose broadly Fri following the gov's report of fewer job losses than expected fro Feb, which gave a big boost to industrials such as Boeing and Caterpillar and fin'l firms including American Express. The Dow's financial components also were lifted by the jobs reports Fri. Among them, AmEx climbed 3.4% while J.P. Morgan Chase rose 2.1% and Bank of America rose 1.8%.

Johnson & Johnson JNJ $64.04 0.47 +0.74% 10,578,269 NYSE: No mentions found.

Kraft KFT $29.34 0.26 +0.89% 12,102,525 NYSE: Sat. AJC pA13 "Kraft's Tang makeover boosts sales 30% abroad" says Tang, the powdered drink, is helping Krafat increase sales and profit in developing markets as sales of it grew to more than $750 mil in regions including Latin America and Asia Pacific.

McDonald's MCD $63.67 0.24 +0.38% 8,142,524 NYSE: No mentions found.

Merck MRK $37.49 0.35 +0.94% 9,817,211 NYSE: No mentions found.

Microsoft MSFT $28.5875 -0.0425 0.15% 55,828,336 NASDAQ-GS: Inv. Bus. Daily pA2 "Microsoft details clean break" says MSFT called its newest platform, Windows PHone 7, a clean break. It has informed developers that its new OS, expected this year, won't run apps made for older versions of its phone software.

Pfizer PFE $17.48 0.15 +0.87% 64,645,819 NYSE: No mentions found.

Procter & Gamble PG $63.69 +0.02 0.03% 10,080,934 NYSE: No mentions found.

3M MMM $82.44 +1.42 1.75% 3,133,719 NYSE: No mentions found.

Travelers TRV $53.94 +0.39 0.73% 4,248,599 NYSE: No mentions found.

United Technologies UTX $71.25 +0.88 1.25% 4,046,070 NYSE: No mentions found.

Verizon VZ $29.23 -0.04 0.14% 18,706,446 NYSE: No mentions found.

WalMart WMT $54.14 +0.18 0.33% 11,341,006 NYSE: No mentions found.
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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