4/27/10 Tues am WalMart Faces Sex Discrim. Suit

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Post No. 402. 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.

A read of Tuesday'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 Monday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Monday at 11,205.03 up 0.75 or 0.01% from Friday's close of 11,204.28 For the year the Dow is up 7.45%. Of the 30 Dow Companies: 13 gained, Kraft was unchanged and 16 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $71.65 +2.87 4.17% 20,121,655 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $51.92 -1.46 2.74% 6,321,969 NYSE.

WSJ pC5 "Caterpillar, up 2.4%, Lifts Dow to a Gain" by Donna Yesalavich says stocks ended mixed as a strong earnings report from Caterpillar single handedly put the Dow Jones in the black, but other measures fell as concerns over regulatory overhaul in the fin'l sector weighted on big banks like JPMorgan and Bank of America. American Express fell 1.9%. Caterpillar is charted under "Good News" says it swung to a sharply higher than expected profit following prior year restructuring charges; sales fell and taxes rose.

Fin Times p24 "S&P edges lower as reform worries weigh on banks" by masa Serdarevic says US stock prices ended the session lower yesterday in spite of a burst of m & a activity and strong earnings from Caterpillar and Whirlpool.

NYT pB7 "Strong Earnings but Little Direction" by Christine Hauser says stocks ended mixed on Mon., wavering between optimism over strong corp. earnings and persistent concerns in the fin'l sector about regulation and Greece's debt troubles. Caterpillar, whose performance is seen as a bellwether, raised its sales forecast for the fully ear.

USA Today p 6B "Stocks mixed on fin'l reform talks" by AP says the stock amrket ended narrowly mixed Mon. after a strong earnings report from Caterpillar overshadowed questions about financial regulation. This week will bring a sream of earnings news from firms across a range of industries including Ford, ExxonMobil and UPS. Consumer products firms included Procter Gamble and Colgate Palmolive are also scheduled to release their results. Fin'l shares slid as negotiations on fin'l overhaul legislation continued. JPMorgan lost 1.05 while Bank of America shed 38 cents.

As of the open of the market Tuesday, 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 17.18 unchanged from Monday's 17.18 (year ago it was 31.68) the P/E estimate is 14.10 unchanged from Monday's 14.10 (year ago it was 22.30) and the current dividend yield is 2.44 unchanged from Monday's 2.44 (it was 3.85 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007.

Monday's Dow Jones Industrial Average closing numerator was 1,482.64 up .10 from Friday's closing numerator of 1,482.54. 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 .10 for Monday by the divisor you get the increase in Monday's Dow close of $0.75 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 Monday's Dow Jones Industrial Average was $49.42 uunchanged from Friday's Dow Jones Industrial Average average closing price of $49.42. The median closing price of Monday's Dow Jones Industrial Average was 45.52 down 0.97 from Friday's median closing price of $46.49. The lowest volume was United Tech UTX $76.4 -0.07 0.09% 3,457,258 NYSE and the highest volume again was Bank of America BAC $18.05 -0.38 2.06% 160,497,026 NYSE.

If Monday 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 broken even ($148,260- $148,260).

Market Watch 4/26/10 523: p.m. by Kate Gibson says US stocks posted a lukewarm showing Monday, with upbeat results from Caterpillar Inc. and Whirlpool Corp. competing with a pullback in financials after the government's plan to begin divesting itself of Citigroup Inc. weighed on the sector. The Dow Jones Industrial Average (INDU 11,205, +1.13, +0.01%) ended up 0.8 point, or 0.01%, to 11,205.03, pushing the index up for its sixth straight gain. Of the 30 components, 13 ended higher. Caterpillar Inc. (CAT 71.81, +0.16, +0.22%) offered the biggest lift among the blue chips, with shares rising 4.2% after the equipment-maker hiked its 2010 forecast. Read how Caterpillar's chief executive finds definitive improvement in economic conditions. The Dow industrials on Friday finished higher for an eighth week in a row -- the index's longest-winning stretch since January 2004. Seesawing between gains and losses throughout the session, the S&P 500 Index (SPX 1,212, -5.23, -0.43%) ended 5.23 points, or 0.4%, lower at 1,212.05. Financials and health-care sectors were down the most, with losses of more than 1%. The Nasdaq Composite Index (COMP 2,523, -7.20, -0.28%) edged down 7.2 points, or 0.3%, to 2,522.95. Citigroup (C 4.63, +0.02, +0.43%) shares pushed the financial sector lower, with shares falling 5.1% to $4.61, after the Treasury Department said it would sell up to 1.5 billion of the bank's shares. Goldman Sachs Group Inc. (GS 151.30, -0.73, -0.48%) shares also were hit, off 3.4%, after a Senate panel released emails from Goldman executives celebrating profit from the shattered housing market.
The release of the emails came amid another partisan battle on Capitol Hill, with Republicans vowing to block an overhaul of financial regulation. Whirlpool (WHR 112.75, +0.33, +0.29%) shares rallied 10% after the appliance maker reported a first-quarter profit that beat Wall Street's expectations. Retail stocks also rose, helped by a 5.9% gain in Office Depot Inc. (ODP 8.99, +0.04, +0.45%) shares. Analysts said the office-supplies retailer might show improved sales when it reports quarterly results on Tuesday.Beyond positive quarterly reports, sentiment was lifted by mergers activity, with car-rental company Hertz Global Holdings Inc. (HTZ 14.65, -0.04, -0.27%) saying it would pay about $1.2 billion for smaller rival Dollar Thrifty Automotive Group Inc. (DTG 42.83, -0.24, -0.56%) Decliners edged past advancers by about 16 to 14 on the New York Stock Exchange, where 1.2 billion shares traded hands. Composite volume neared 5.9 billion. Crude futures edged lower, with the contract for June delivery ending at $84.20 a barrel, while the U.S. dollar rose for most of the session, especially against the euro. The dollar index (DXY 81.28, +0.01, +0.01%) , which measures the U.S. unit against a trade-weighted basket of six other currencies, recently traded at 81.316, down from 81.41 late Friday. Treasury prices, which more typically move in the opposite direction of stocks, gained, with yields on the 10-year note (UST10Y 3.80, -0.01, -0.21%) holding steady at 3.81%.

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

AT&T T $26.27 +0.02 0.08% 17,779,859 NYSE: No mentions found.

Alcoa AA $14.05 -0.06 0.43% 21,767,539 NYSE: No mentions found.

American Express AXP $47.14 -0.91 1.89% 11,143,326 NYSE: WSJ pC5 "Caterpillar, up 2.4%, Lifts Dow to a Gain" by Donna Yesalavich says stocks ended mixed as a strong earnings report from Caterpillar single handedly put the Dow Jones in the black, but other measures fell as concerns over regulatory overhaul in the fin'l sector weighted on big banks like JPMorgan and Bank of America. American Express fell 1.9%. Caterpillar is charted under "Good News" says it swung to a sharply higher than expected profit following prior year restructuring charges; sales fell and taxes rose.

Bank of America BAC $18.05 -0.38 2.06% 160,497,026 NYSE: USA Today p 6B "Stocks mixed on fin'l reform talks" by AP says the stock amrket ended narrowly mixed Mon. after a strong earnings report from Caterpillar overshadowed questions about financial regulation. This week will bring a sream of earnings news from firms across a range of industries including Ford, ExxonMobil and UPS. Consumer products firms included Procter Gamble and Colgate Palmolive are also scheduled to release their results. Fin'l shares slid as negotiations on fin'l overhaul legislation continued. JPMorgan lost 1.05 while Bank of America shed 38 cents.

Boeing BA $74.34 -0.79 1.05% 4,023,895 NYSE: Fin Times p16 "Boeingin talks over Indian deal" by Amy kazmin says BA is close to securing an order for 10 C-17 military transprot aircraft from India that could be worth $5.8 bil.

Caterpillar CAT $71.65 +2.87 4.17% 20,121,655 NYSE: WSJ pB1 "Big Manufacturers See Rebound" by Robert Matthews, Bob Tita, NYT pB2 "Caterpillar Posts Strong Profit & Raises Outlook" by Reuters, USA Today "Good economic sign: Caterpillar ups production" by AP, say Caterpillar, the world's largest construction equipment maker, swung to a1Qtr profit of $233 mil,or 36 cents a share, compared with a eyar ago loss of $112 mil, or 19 cents a share. Rev. fell 11% to $8.24 bil. The Peoria, Ill, firm raised its full year profit outlook to between 2.50 and 3.25 a share on rev of between $38 bil and $42 bil. In jan, it forecast profit of about 2.50 a share on rev of between 35.6 and 40.5 bil.

WSJ pC5 "Caterpillar, up 2.4%, Lifts Dow to a Gain" by Donna Yesalavich says stocks ended mixed as a strong earnings report from Caterpillar single handedly put the Dow Jones in the black, but other measures fell as concerns over regulatory overhaul in the fin'l sector weighted on big banks like JPMorgan and Bank of America. American Express fell 1.9%. Caterpillar is charted under "Good News" says it swung to a sharply higher than expected profit following prior year restructuring charges; sales fell and taxes rose.

Chevron CVX $82.59 -0.08 0.1% 9,792,573 NYSE: No mentions found.

CSCO $27.57 +0.10 0.36% 35,663,104 NASDAQ-GS: No mentions found.

Coke KO $53.73 -0.15 0.28% 8,945,333 NYSE: AJC pA8 "Coke bottlers to deliver Honest Tea nationwide" says Coke owns 40% of this Bethesda, Maryland based firm, Honest Tea and has the option to buy the rest.

Disney DIS $37.04 +0.25 0.68% 9,983,116 NYSE: No mentions found.

DuPont DD $40.95 +0.73 1.82% 11,384,636 NYSE: No mentions found.

Exxon XOM $69.29 +0.05 0.07% 18,237,029 NYSE: USA Today p 6B "Stocks mixed on fin'l reform talks" by AP says the stock amrket ended narrowly mixed Mon. after a strong earnings report from Caterpillar overshadowed questions about financial regulation. This week will bring a sream of earnings news from firms across a range of industries including Ford, ExxonMobil and UPS. Consumer products firms included Procter Gamble and Colgate Palmolive are also scheduled to release their results. Fin'l shares slid as negotiations on fin'l overhaul legislation continued. JPMorgan lost 1.05 while Bank of America shed 38 cents.

GE $19.3 +0.23 1.21% 65,416,833 NYSE: No mentions found.

Hewlett-Packard HPQ $54.26 +0.36 0.67% 12,098,116 NYSE: WSJ p13 "China's Aigo sues HP and Toshiba on patents" by Kathrin Hille says a rising Chinese electronics firm is suing Hewlett-Packard and Toshiba over alleged infringement of its patents, highlighting the growing risk of lawsuits from Chinese groups asserting intellectual property rights. The suit is brought by Aigo, which is actually Beijing Huaqi Information Digital Technology.

Home Depot HD $36.49 +0.10 0.27% 22,056,295 NYSE: No mentions found.

Intel INTC $23.82 -0.22 0.92% 57,683,952 NASDAQ-GS: No mentions found.

IBM $130.73 +0.74 0.57% 5,285,384 NYSE: No mentions found.

JPMorgan JPM $43.89 -1.05 2.34% 42,835,496 NYSE: WSJ pC10 "Taking Aim at Banks' Operations" by Pete Eavis says Sen. Blanche Lincoln's proposal in the fin'l overhaul bill would force banks to spin off their derivatives trading business which would impact the earnings and capital positions of banks with large derivatives books such as JPMorgan.

WSJ pC5 "Caterpillar, up 2.4%, Lifts Dow to a Gain" by Donna Yesalavich says stocks ended mixed as a strong earnings report from Caterpillar single handedly put the Dow Jones in the black, but other measures fell as concerns over regulatory overhaul in the fin'l sector weighted on big banks like JPMorgan and Bank of America. American Express fell 1.9%. Caterpillar is charted under "Good News" says it swung to a sharply higher than expected profit following prior year restructuring charges; sales fell and taxes rose.

Johnson & Johnson JNJ $64.76 -0.28 0.43% 9,223,246 NYSE: No mentions found.

KFT $30.09 unch unch 9,147,908 NYSE: No mentions found.

MCD $71.02 -0.13 0.18% 6,035,182 NYSE: No mentions found.

MRK $35 -0.46 1.3% 26,595,385 NYSE: AJC pa8 Merck to market pill for chronic lung condition" says it has bought rights to market what would be the first anti-inflamatory lung condition, days after European regulators recommended approval Merck would jointly market Nycomed's Daxas for chronic obstructive pulmonary disease in Candada and several European countires.

MSFT $31.11 +0.15 0.48% 63,648,051 NASDAQ-GS: No mentions found.

Pfizer PFE $16.82 -0.09 0.53% 83,347,751 NYSE: No mentions found.

Procter & Gamble PG $63.94 +0.40 0.63% 9,262,393 NYSE: USA Today p 6B "Stocks mixed on fin'l reform talks" by AP says the stock amrket ended narrowly mixed Mon. after a strong earnings report from Caterpillar overshadowed questions about financial regulation. This week will bring a sream of earnings news from firms across a range of industries including Ford, ExxonMobil and UPS. Consumer products firms included Procter Gamble and Colgate Palmolive are also scheduled to release their results. Fin'l shares slid as negotiations on fin'l overhaul legislation continued. JPMorgan lost 1.05 while Bank of America shed 38 cents.

3M MMM $87.44 +0.86 0.99% 6,288,808 NYSE: No mentions found.

Travelers TRV $51.92 -1.46 2.74% 6,321,969 NYSE: No mentions found.

United Tech UTX $76.4 -0.07 0.09% 3,457,258 NYSE: No mentions found.

Verizon VZ $28.94 -0.11 0.38% 16,345,363 Dual Listed: No mentions found.

WalMart WMT $54.04 -0.49 0.9% 14,738,746 NYSE: WSJ pA1 "Bias Suit Advances Vs. WMT" by Ann Zimmerman, Nathan Koppel, Fin Times p13 "WMT case set to go to trial" by Jonathan Birchall, NYT pB7 "WMT Gender Case Cleared for Trial" by Steven Greehouse, USA Today "Wal-Mart loses big in court" by Paul Elias (same story at AJC pA7 "Walmart faces massive suit" by Paul Elias) say a dividend fed appeals court exposed WMT to billions of dollars in damages when it allowed a massive class action lawsuit alleging gender discrimination over pay for females to go to trial. WMT has 2.1 mil workers in 8,000 stores.


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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 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