4/21/10 Wed. pm Dow Closes 11124.92 up 7.86 or 0.07%

wwww.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. 394. 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 4/1/10 and an update of the Dow 30 component's most recent SEC filings as of 4/1/10.

The Dow Jones Industrial Average closed Wednesday at 11,124.92 up 7.86 or 0.07% from Tuesday's close of 11,117.06. Of the 30 Dow Companies: 10 gained 20 and declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $74.16 +2.75 3.85% 11,926,038 NYSE. The biggest decliner dollar-wise and percentage-wise was Merck MRK $34.74 -1.32 3.66% 31,445,239 NYSE.

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 17.13 down from Tuesday's 17.24 (year ago it was 26.69) the P/E estimate is 14.00 unchanged from Tuesday's 14.00 (year ago it was 22.34) and the current dividend yield is 2.46 unchanged from Tuesday's 2.46 (it was 3.87 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007.

Wednesday's Dow Jones Industrial Average closing numerator was 1,472.04 up 1.04 from Tuesday's closing numerator of 1,471. 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 1.04 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 7.86. 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 $49.07 up 0.04 from Tuesday's Dow Jones Industrial Average average closing price of $49.03. The median closing price of Wednesday's Dow Jones Industrial Average was 44.67 down 0.04 from Tuesday's median closing price of $44.71. The lowest volume was NYSE and the highest volume again was Bank of America BAC $18. 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 $130 ($147,210-147,090).

Market Watch 4/21/10 5:08 p.m. byKate Gibson says U.S. stocks edged higher Wednesday, helped by earnings at Apple Inc. and Boeing Co., while some health-care-sector results and a retreat among financial shares clipped gains. The Dow Jones Industrial Average (INDU 11,125, +7.64, +0.07%) closed up 7.86 points, or 0.1%, to 11,124.92, its third straight day of gains.

Boeing Co. (BA 74.16, +2.75, +3.85%) and United Technologies Corp. /quotes/comstock/13*!utx/quotes/nls/utx (UTX 76.93, +2.73, +3.68%) led the blue-chip average higher, with advances of more than 3%, after both aerospace and defense companies released quarterly results.
The Nasdaq Composite (COMP 2,505, +4.30, +0.17%) ended 4.3 points, or 0.2%, higher at 2,504.61. Apple shares /quotes/comstock/15*!aapl/quotes/nls/aapl (AAPL 259.22, +14.63, +5.98%) rallied nearly 6%, the biggest one-day gain since May 2009, after earnings surged on iPhone sales. Read more on Apple's blowout quarter.

But a drop in health care, financials and energy led the S&P 500 (SPX 1,206, -1.24, -0.10%) to a lower finish. That index of large-cap U.S. stocks ended 1.2 points, or 0.1%, lower at 1,205.94.

"The market is taking a bit of a breather after finishing its correction from Friday to Monday morning," said Paul Nolte, managing director at Dearborn Partners.

Also weighing on stocks, Merck & Co. Inc. (MRK 34.76, +0.02, +0.06%) shares fell 3.7%, the worst performer on the Dow average.

Off the Dow, Abbott Laboratories (ABT 51.78, -1.28, -2.41%) shares were off 2.4% after the health-care-products company reported a lower first-quarter profit.
And Gilead Sciences shares /quotes/comstock/15*!gild/quotes/nls/gild (GILD 40.76, -4.31, -9.56%) dropped 9.6%, making it the worst S&P 500 performer, after the HIV-drug developer issued a weaker-than-expected 2010 financial forecast.

With the S&P 500 up about 80% from its March 9, 2009, lows, "it's likely investors have to ask, has the market's discount mechanism gotten too far ahead from the fundamentals, or economic recovery?" said John Stoltzfus, senior market strategist at Ticonderoga Securities.



Also weighing on the market, financials abandoned earlier attempts at gains.

Moody's Corp. shares (MCO 25.69, -1.43, -5.27%) lost 5.3% after a congressional panel probing the financial crisis subpoenaed the credit-ratings agency for failing to comply with a request for information.

Morgan Stanley (MS 31.51, -0.17, -0.54%) added 4% after the financial-services firm reported its swing to a first-quarter profit. Read more about Morgan Stanley's survival of the 2008 crisis.

Shares of Wells Fargo & Co. (WFC 33.01, -0.68, -2.02%) lost 2%.

Decliners led advancers by a slight margin on the New York Stock Exchange, where 1.2 billion shares traded. Composite volume topped 5.9 billion.

Energy stocks fell after the government reported an increase in weekly U.S. inventories, pushing oil to a lower close. The contract for June delivery finished 17 cents lower at $83.68 a barrel.

Greece on Wednesday began talks with its counterparts in the euro region, the International Monetary Fund and the European Central Bank on what steps are needed for it to secure a $61 billion emergency aid package.

"The main beneficiaries of the European concerns today are U.S. Treasuries and the U.S. dollar," wrote Peter Boockvar, equity strategist at Miller Tabak, in an afternoon note.


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

AT&T T $26.34 -0.32 1.2% 44,394,294 NYSE
Alcoa AA $13.71 -0.04 0.29% 31,751,874 NYSE
American Express AXP $45.99 -0.21 0.45% 7,644,832 NYSE
Bank of America BAC $18.28 -0.33 1.77% 200,630,632 NYSE
Boeing BA $74.16 +2.75 3.85% 11,926,038 NYSE
Caterpillar CAT $67.75 +0.25 0.37% 6,316,621 NYSE
Chevron CVX $81.92 -0.13 0.16% 9,089,919 NYSE
Coke KO $54.19 -0.28 0.51% 9,482,090 NYSE
Disney DIS $36.56 +0.02 0.05% 8,930,668 NYSE
DuPont DD $39.07 -0.09 0.23% 5,370,702 NYSE
Exxon XOM $68.92 -0.05 0.07% 20,738,648 NYSE
GE $19.03 +0.03 0.16% 57,783,652 NYSE
Hewlett-Packard HPQ $53.7 +0.14 0.26% 11,422,718 NYSE
Home Depot HD $35.27 +0.09 0.26% 19,455,436 NYSE
Intel INTC $23.79 -0.33 1.37% 71,956,607 NASDAQ-GS
IBM $128.99 -0.70 0.54% 7,457,423 NYSE
JPMorgan JPM $45.35 -0.53 1.16% 45,945,310 NYSE
Johnson & Johnson JNJ $65.39 -0.60 0.91% 13,152,594 NYSE
Kraft KFT $30.25 -0.20 0.66% 13,946,641 NYSE
McDonalds MCD $70.36 +0.02 0.03% 10,646,077 NYSE
Merck MRK $34.74 -1.32 3.66% 31,445,239 NYSE
Microsoft MSFT $31.332 -0.028 0.09% 49,364,003 NASDAQ-GS
Pfizer PFE $16.6 -0.16 -0.95% 67,606,729 NYSE
Procter & Gamble PG $63.63 +0.44 0.7% 9,321,744 NYSE
3M MMM $85.7 +0.43 0.5% 4,476,072 NYSE
Travelers TRV $52.8 -0.37 0.7% 3,761,078 NYSE
United Technologies UTX $76.93 +2.73 3.68% 10,587,524 NYSE
Verizon VZ $29.56 -0.20 0.67% 22,483,962 DualListed
WalMart WMT $54.47 -0.05 0.09% 11,302,937 NYSE
**********************
The following are excerpts from Wed. morning's Blog.

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 11,117.06 up 25.01 or 0.23% from Monday's close of 11,092.05. For the year the Dow is up 6.61%. Of the 30 Dow Companies: 21 gained and 9 declined. The biggest gainer dollar-wise and percentage-wise was 3M MMM $85.27 +1.37 1.63% 5,685,585 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $129.69 -2.54 1.92% 15,064,500 NYSE.

WSJ pC1 "Overpowering Weak Profits, Dow up 25.01" by Peter McKay says rising oil prices sparked a rally in energy shares on Tues. helping offset lackluster earnings news. Exxon Mobil and Chevron drove the Dow to a 25.01 point gain. Crude oil futures, which had tumbled more than 5% during the prior 3 trading days, rebounded as European airports began reopening. IBM declined 1.9% after its quaterly report, which included a drop in new service contract signings. Coke shares dropped 1.5% after it released surprisingly weak earnings, along iwht remarks from its CEO re: consumer spending.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

Fin Times p26 "Strong earnings support bullish sentiment on Dow" by Masa Serdarevic says US stocks rallied for the second session Tues, helped by gains in the highly weighted fin'l sector and some strong earnings announcements that boosted the bulls. JPMorgan rose 1.1% and Bank of America rose 1.2%. Procter & gamble, shed 0.1% after it said it wold increase its quarterly dividend by 9.5%.

NYT pB9 "Energy & Banking Sahres Lift Wall St." by Christine Hauser says renewed confidence about an economic recovery helped a rally on Wall St. on Tues, with energy and banking stocks leading the way.

USA Today p4B "Nice earnings surprises boost stocks" by Bloomberg says stocks rose for a second day Tues as firms from harley Davidson to Marshall & Ilsley posted better than estiamted results & energy producers rallied with crude. IBM fell following its reporting a drop in service contract signings.

Tuesday's Dow Jones Industrial Average closing numerator was 1,471 up 3.31 from Monday's closing numerator of 1,467.69. 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 3.31 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 25.01. 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 $49.03 up 0.11 from Monday's Dow Jones Industrial Average closing price of $48.92. The median closing price of Tuesday's Dow Jones Industrial Average was 44.71 down 0.86 from Monday's median closing price of $45.57. The lowest volume was Travelers TRV $53.17 -0.02 0.04% 4,206,514 NYSE and the highest volume again was Bank of America BAC $18.61 +0.22 1.2% 196,904,750 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 $330 ($147,090- $146,760 - $).

Market Watch 4/21/10 4:08 p.m. by Rex Crum says leading U.S. stock indexes closed with gains Tuesday ahead of a slate of earnings reports from tech giants such as Apple Inc (AAPL 245.70, +1.11, +0.45%) and Yahoo Inc. (YHOO 17.88, -0.50, -2.72%) . The Dow Jones Industrial Average (INDU 11,117, +25.16, +0.23%) climbed 25 points to end the day at 11,117, while the Nasdaq Composite Index /omp (COMP 2,500, +20.20, +0.81%) rose 20 points to finish at 2,500. The S&P 500 Index (SPX 1,207, +9.65, +0.81%) tacked on almost 10 points to end the day's trading at 1,207

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

At&T T $26.66 +0.28 1.06% 33,903,455 NYSE: WSJ pC1 "Little to Call Home About at AT&T, Verizon" by Martin Peers, says while the S&P 500 is up 45% over the last year, AT&T is up 5% and Verizon is down 3.8% as 1Q earnings from AT&T onWed and Verizon on Thurs are unlikely to change that dynamic.

Alcoa AA $13.75 +0.03 0.22% 23,576,870 NYSE: No mentions found.

American Express AXP $46.2 0+.44 0.96% 7,839,613 NYSE: WSJ pC16 "AmEx Plans Yuan Checks" by Victoria Ruan says American Express will launch the world's first yuan denominated travelers checks for visitors to China next month.

Bank of America BAC $18.61 +0.22 1.2% 196,904,750 NYSE: Fin Times p19 "Meissner to leave Nomura for Bofa Merrill" by Patrick Jenkins says Christian Meissner was hired to head BofA's operations in Europe, the Mid East and Africa.

Fin Times p26 "Strong earnings support bullish sentiment on Dow" by Masa Serdarevic says US stocks rallied for the second session Tues, helped by gains in the highly weighted fin'l sector and some strong earnings announcements that boosted the bulls. JPMorgan rose 1.1% and Bank of America rose 1.2%. Procter & gamble, shed 0.1% after it said it wold increase its quarterly dividend by 9.5%.

Boeing BA $71.41 +0.45 0.63% 4,690,239 NYSE: WSJ pB2 "EADS Resumes Battle For US Air Tanker" by Josh Mitchell, NYT pB1 "Boeing Faces Tanker Rival After All" by Christpher Drew, AJC pA4 "Boeing to face challenge for Air Force contract" say EADS will bid in the $35 bil contest to build aerial refueling tankers for the Air Force to challenge Boeing, the sole provider since the '50s.

Caterpillar CAT $67.5 +0.51 0.76% 7,648,740 NYSE: No mentions found.

Chevron CVX $82.05 +0.73 0.9% 11,319,522 NYSE: WSJ pC1 "Overpowering Weak Profits, Dow up 25.01" by Peter McKay says rising oil prices sparked a rally in energy shares on Tues. helping offset lackluster earnings news. Exxon Mobil and Chevron drove the Dow to a 25.01 point gain. Crude oil futures, which had tumbled more than 5% during the prior 3 trading days, rebounded as European airports began reopening. IBM declined 1.9% after its quarterly report, which included a drop in new service contract signings. Coke shares dropped 1.5% after it released surprisingly weak earnings, along iwht remarks from its CEO re: consumer spending.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

Coca Cola KO $54.47 -0.85 1.54% 15,790,974 NYSE: WSJ pB4 "Coke's Profit Rises On emerging markets" by Anjali Cordeiro, Valerie Bauerlein, Fin Times p19 "Earnings rise for Coke" by Greg Farrell, NYT pB7 "Coke Profit Fails to Meet Expectations" by AP, AJC pA11 "Profits up 20%, shares decline" by Jeremiah McWilliams say KO rev rose 5% to $7.52 bil in 1Q and profits jumped 20% to $1.61. It earned 69 cents per share up from 58 cents a yer earlier. Coke's global sales measured in cases grew 3% but sales fell in N.Amer 2% and rev dropped 6% resulting in shares falli ng 1.5%.

WSJ pC1 "Overpowering Weak Profits, Dow up 25.01" by Peter McKay says rising oil prices sparked a rally in energy shares on Tues. helping offset lackluster earnings news. Exxon Mobil and Chevron drove the Dow to a 25.01 point gain. Crude oil futures, which had tumbled more than 5% during the prior 3 trading days, rebounded as European airports began reopening. IBM declined 1.9% after its quaterly report, which included a drop in new service contract signings. Coke shares dropped 1.5% after it released surprisingly weak earnings, along iwht remarks from its CEO re: consumer spending.

WSJ pC18 "Coke Hit by Pepsi Challenge" by John Jannarone says Pepsi's purchase of its 2 bottlers on Feb 26 weren't reported in their latest results so a reason why Coke's earnings were disappointing could be Pepsi cutting into KO's sales.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

AJC pA11 "Coke bottling exec to move up" by Jeremiah McWilliams says the Pres. of CCE, Steven Cahillane will take over the combined N. Amer.bottling operations fo Coca Cola and CCE once the merger is done.

Disney DIS $36.54 +0.37 1.02% 16,115,961 NYSE: WSJ pB3 "Ucaipa Would Own Miramax Under Terms of Disney Agreement" by Ethan Smith, Lauren Schuker says if the Weinsten buy Miramax the actual owners would be their backers, led by Ron Burkle's Yucaipa.

DuPont DD $39.16 -0.21 0.53% 7,324,349 NYSE: No mentions found.

ExxonMobil XOM $68.97 +0.74 1.08% 22,615,150 NYSE: WSJ pC1 "Overpowering Weak Profits, Dow up 25.01" by Peter McKay says rising oil prices sparked a rally in energy shares on Tues. helping offset lackluster earnings news. Exxon Mobil and Chevron drove the Dow to a 25.01 point gain. Crude oil futures, which had tumbled more than 5% during the prior 3 trading days, rebounded as European airports began reopening. IBM declined 1.9% after its quarterly report, which included a drop in new service contract signings. Coke shares dropped 1.5% after it released surprisingly weak earnings, along with remarks from its CEO re: consumer spending.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

GE $19 0.06 +0.32% 56,676,248 NYSE: No mentions found.

Hewlett-Packard HPQ $53.56 -0.08 0.15% 12,066,566 NYSE: No mentions found.

Home Depot HD $35.18 +0.01 0.03% 14,511,803 NYSE: No mentions found.

Intel INTC $24.13 +0.13 0.54% 64,265,518 NASDAQ-GS: No mentions found.

IBM $129.69 -2.54 1.92% 15,064,500 NYSE: WSJ pC1 "Overpowering Weak Profits, Dow up 25.01" by Peter McKay says rising oil prices sparked a rally in energy shares on Tues. helping offset lackluster earnings news. Exxon Mobil and Chevron drove the Dow to a 25.01 point gain. Crude oil futures, which had tumbled more than 5% during the prior 3 trading days, rebounded as European airports began reopening. IBM declined 1.9% after its quarterly report, which included a drop in new service contract signings. Coke shares dropped 1.5% after it released surprisingly weak earnings, along with remarks from its CEO re: consumer spending.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

USA Today p4B "Nice earnings surprises boost stocks" by Bloomberg says stocks rose for a second day Tues as firms from harley Davidson to Marshall & Ilsley posted better than estiamted results & energy producers rallied with crude. IBM fell following its reporting a drop in service contract signings.

J.P.Morgan Chase JPM $45.88 +0.49 1.08% 38,531,369 NYSE: WSJ pC18 "Goldman Breaks Ranks on Buyback" says while JPMorgan isn't going to increase its dividend in order to keep reserves up to appease the gov, Goldman brok with peers Tues by spending $2.3 bil to buy back its stock in 1Qtr.

WSJ pC7 "JPMorgan tackles China" by Alison Tudor says JPMorgan Chase hired Ben Shnglin, formerly head of comm'l banking in China for HSBC Holdings, to head its corporate banking business in China.

Fin Times p26 "Strong earnings support bullish sentiment on Dow" by Masa Serdarevic says US stocks rallied for the second session Tues, helped by gains in the highly weighted fin'l sector and some strong earnings announcements that boosted the bulls. JPMorgan rose 1.1% and Bank of America rose 1.2%. Procter & gamble, shed 0.1% after it said it wold increase its quarterly dividend by 9.5%.

Johnson & Johnson JNJ $65.99 -0.04 0.06% 11,603,809 NYSE: WSJ pB4 JNJ by Peter loftus, Jon Kamp, NYT pB5 "Johnson & Johnson's Quarterly Profit Rises" by AP, say Johnson & Johnson reported a 29% increase in 1Qtr profit, helped bya patent dispute settlement. 1Qtr earnings were $45 bil or 1.62 a share, up from $3.5 bil or $1.26 a share a year earlier.

AJC pA13 "Gov rejects anesthesia system" says Johnson & Johnson's computer assisted anesthesia system that uses propofol, was denied, Tues. after JNJ released earnings.

WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

Kraft KFT $30.45 -0.34 1.1% 9,274,554 NYSE: WSJ pB6 "Retailers Reach out on Cellphones" by Geoffrey Fowler says Cause-World offered users extra points for scanning the bar codes of certain Kraft and Procter & Gamble products in stores on their smartphones.

WSJ pD "Will Low Salt Pretzels Taste Just as Good?" by janet Adamy says consumers will see big reductions in sodium ocntent in coming years as General Mills, Kraft and other firms are reworking their products to reduce salt.

McDonalds MCD $70.34 +0.42 0.6% 7,234,846 NYSE: No mentions found.

Merck MRK $36.06 +0.16 0.45% 9,939,343 NYSE: No mentions found.

Microsoft MSFT $31.36 +0.321 1.03% 50,357,218 NASDAQ-GS: WSJ pB3 "Yahoo Shines on Microsoft Payments" by jessica Vascellaro, Scott Morrison says Hayoo's 1Qtr earnings more than doubled. Yahoo contines to receive quartely reimbusements until yahoo switches its search operations over to Microsoft.

Pfizer PFE $16.76 -0.03 0.18% 55,806,898 NYSE: WSJ pD2 "FDa Warns Pfizer About Pediatric Trials of Geodon" by Jennifer Dooren says the FDA has warned Pfizer of significant violations involving pediatric trials of its antipsychotic drug geodon.

Procter & Gamble PG $63.19 -0.03 0.05% 10,701,049 NYSE: WSJ pB6 "Retailers Reach out on Cellphones" by Geoffrey Fowler says Cause-World offered users extra points for scanning the bar codes of certain Kraft and Procter & Gamble products in stores on their smartphones.

Fin Times p26 "Strong earnings support bullish sentiment on Dow" by Masa Serdarevic says US stocks rallied for the second session Tues, helped by gains in the highly weighted fin'l sector and some strong earnings announcements that boosted the bulls. JPMorgan rose 1.1% and Bank of America rose 1.2%. Procter & gamble, shed 0.1% after it said it wold increase its quarterly dividend by 9.5%.

3M MMM $85.27 +1.37 1.63% 5,685,585 NYSE: WSJ pC6 "3M Gains 1.6%, Pacing Blue Chips" by Donna Yesalavich says stocks climbed despite declines in Goldman Sachs and IBM after their earnings reports, as investors were encouraged by the quarterly results from other firms while a rise in oil prices lifted Exxon and Chevron. 3M was the Dow's best performer. Coke dropped 1.5% due to decline ins ales in N. America as consumers stayed away from the pricier drinks and Johnson & Johnson slipped 0.1% as its 1Q profit beat expectations, but it jowered its full year earnings forecast by a nickel. IBM is charted under bad news as its profits jumped 13% to beat expectations on higher software and tech services rev but analysts called the results weak.

Travelers TRV $53.17 -0.02 0.04% 4,206,514 NYSE: No mentions found.

United Technologies UTX $74.2 +0.44 0.6% 4,922,533 NYSE: No mentions found.

Verizon VZ $29.76 +0.03 0.1% 14,717,468 Dual Listed: WSJ pC1 "Little to Call Home About at AT&T, Verizon" by Martin Peers, says while the S&P 500 is up 45% over the last year, AT&T is up 5% and Verizon is down 3.8% as 1Q earnings from AT&T onWed and Verizon on Thurs are unlikely to change that dynamic.

WalMart WMT $54.52 +0.13 0.24% 8,958,756 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 4/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $317 [5]
2. Microsoft MSFT 257 [9]
3. WalMart WMT 212 [4]
4. GE 200 [10.5]
5. Procter & Gamble PG 184 [3]
6. Johnson & Johnson JNJ 180 [3]
7. BAC 179 [10]
8. JPMorgan Chase 178 [4]
9. IBM 167 [1]
10. AT&T 153 [6]
11. Chevron CVX 152 [2]
12. Cisco CSCO 149 [6]
13. Pfizer PFE 138 [8]
14. Coke KO 127 [2]
15. Hewlett-Packard HPQ 125 [2]
16. Intel INTC 123 [5.5]
17. Merck MRK 116 [3]
18. Verizon VZ 88 [3]
19. McDonald's MCD 72 [1]
20. United Technologies UTX 69 [1]
21. Disney DIS 67 [2]
22. 3M MMM 59 [.5]
23. Home Depot 55 [2]
24. Boeing BA 55 [1]
25. American Express AXP 49 [1]
26. Kraft KFT 45 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 34 [1]
29. Travelers 27 [.5]
30. Alcoa AA 15 [1]

Here are the latest SEC filings as of 4/1/10 market open 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: 3/26/10 8K re: its intent to take a non-cash charge of approximately $1 billion in the first quarter of 2010 to reflect the impact of the health care reform legislation.

Alcoa AA: 3/2/10 Add'l def. proxy materials

American Express AXP: 3/18/10 Add'l def. proxy materials

Bank of Am BAC: 3/17/10 Add'l def. proxy materials

Boeing BA: 3/31/10 8K re: charge off re: income tax charge of approximately $150 million as a result of the Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act.

Caterpiller CAT: 3/24/10 8K re: charge off as a result of the Patient Protection and Affordable Care Act (H.R. 3590) signed into law on March 23, 2010

Chevron CVX: 3/31/10 Add'l def. proxy soliciting material

Cisco CSCO: 2/17/10 10Q Quarterly Report

Coke KO: 3/22/10 8K re: transactions related to CCE transaction.

Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws

DuPont DD: 3/19/10 Def. add'l proxy materials

ExxonMobil XOM: 3/29/10 8K re: its 2009 Financial and Operating Review

GE: 3/25/10 8K re: credit agreement with lenders led by JPMorgan Chase re: the transaction wherein GE and Comcast will form a joint venture which will consist of the NBCU businesses and Comcast’s cable networks.

Hewlett-Packard HPQ: 3/23/10 8K re: amendment of its Stock Incentive Plan

Home Depot HD: 4/7/10 Proxy Statement

3/25/10 10K Annual Report

Intel INTC: 3/22/10 8K re: John Thornton will not stand for reelection at the Company’s Annual Stockholders’ Meeting to be held on May 19, 2010

IBM: 3/25/10 Add'l def. proxy soliciting materials

JPMorganChase JPM: 3/31/10 Def. add'l proxy materials

Kraft KFT: 3/30/10 Definitive Add'l Proxy material

McDonalds MCD: 3/9/10 8K re: Press release "McDonald’s Global Comparable Sales Increased 4.8% in February"

Merck MRK: 3/11/10 8K re: amendment to the Call Option Agreement among Merck, Merck Sharp & Dohme and sanofi-aventis re: the option granted by Merck to sanofi-aventis to acquire 50% of Merck’s animal health business.

Microsoft MSFT: 1/28/10 10Q.

Pfizer PFE: 3/16/10 Add'l Proxy Materials

Procter & Gamble PG: 2/18/10 8K re: FD disclosures re: guidance given at an analyst conference

3M MMM: 3/26//10 8K re: one-time charge it expects to take in the first quarter of 2010 as a result of the Patient Protection and Affordable Care Act signed by the President on March 23, 2010.

Travelers TRV: 3/17/10 Add'l Proxy Materials

United Technologies UTX: 3/24/10 Add'l proxy solicitation materials

2/26/10 Def. Proxy Statement

Verizon Communications Inc. VZ: 3/30/10 Proxy Statement

WalMart WMT: 3/30/10 10K Annual Report