4/6/10 Tues am MSFT to Launch "Pink" Phones; Alcoa Buying Agent Subject of Investigation

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Post No. 367. 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, USA Today, 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 Monday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Monday at 10,973.55 up 46.48 or 0.43% from Thursday's close of 10,927.07. Year to date the Dow is up 5.23%. Of the 30 Dow Companies: 21 gained, Walmart was unchanged and 8 declined. The biggest gainer dollar-wise was IBM $129.35 +1.10 0.86% 4,118,684 NYSE and percentage-wise was American Express AXP $42.67 +0.97 2.33% 7,857,037 NYSE. The biggest decliner dollar-wise and percentage-wise was BA $72.04 -0.95 1.3% 9,326,314 NYSE.

WSJ pC1 "Yield Pushes Over 4%; Dow Just Short of 11K" by Peter McKay, Mark Gongloff says signs that the US economy is gathering steam fueled investors' recovery hopes and inflation fears all at once on Mon. Gains in stocks and commodities resulted, along with a slump in Teasur prices that pushed the benchmark 10 year note's yield above 4% for the first time since June. Prices move inversely to yields.

WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

NYT pB9 "Gains in Jobs & Services Lift Shares" by AP says stronger reports on jobs and service industries lifted the stock market Mon. and pushed the Dow Jones industrial average toward 11,000. Same story is at page 5B of USA Today under heading "Jobs, services reports help stocks rise."

Fin Times p1 "Recovery hopes lift stocks and bond yields" by Michael Mackenzie, Gregory Meyer, WSJ pA1 "Markets Approach Milestone levels" by Mark Gongloff say stock and bond markets flirted with milestones on Mon., as the outlook for economic growth brightened following a string of reports showing signs of a pickup in the labor market, service sector and housing.

Fin Times p20 "Positive sentiment bolstered further by service sector data" by Masa Serdarevic says US stocks kicked off the week on a positive note as investors breathed a sigh of relief following last Fri's well received march employment data with sentiment further bolstered by the successful launch of Apple's iPad device.

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 17.11 up from Monday morning's 17.04 (year ago it was 26.45) the P/E estimate is 14.00 unchanged from Monday's 13.85 (year ago it was 21.06) and the current dividend yield is 2.49 unchanged from Monday's 2.50 (it was 3.86 a year ago).

Monday's Dow Jones Industrial Average closing numerator was 1,452.01 up 6.15 from Thursday's closing numerator of 1,445.86. 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 6.15 for Monday by the divisor you get the increase in Monday's Dow close of 46.48. 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 $48.40 up 0.20 from Thursday's Dow Jones Industrial Average closing price of $48.20. The median closing price of Monday's Dow Jones Industrial Average was 44.00 up 0.56 from Monday's median closing price of $43.44. The lowest volume was 3M MMM $84.19 +0.34 0.41% 2,600,732 NYSE and the highest volume again was Bank of America BAC $18.13 +0.09 0.5% 107,916,581 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 made $600 ($145,200 - $144,600).

Market Watch 4/5/10 4:15 pm by Kate Gibson says U.S. stocks rose Monday, leaving the Dow industrials within striking distance of the 11,000 mark, after economic data added to optimism inspired by the largest gains in employment in three years. Should the Dow clear the psychological hurdle, it would help mainstream Americans feel a little more comfortable taking some of their 401(k) money out of the mattress and back into the market. It's an important milestone for those of us who don't watch the market every minute. It's not a Wall Street event -- it's a Main Street event.
The Dow Jones Industrial Average (INDU 10,974, +46.85, +0.43%) gained 46.48 points, or 0.4%, to 10,973.55. The Dow industrials last traveled above the 11,000 level on Sept. 29, 2008, and last closed above that mark three days earlier. Twenty-two of the blue-chip benchmark's 30 components advanced, with Caterpillar Inc. (CAT 65.01, +0.02, +0.03%) and General Electric Co. (GE 18.55, +0.02, +0.11%) both up more than 1%. The S&P 500 Index (SPX 1,187, +9.34, +0.79%) rose 9.34 points, or 0.8%, to 1,187.44, with energy and consumer-discretionary shares gaining the most and health care and consumer staples the only laggards among its 10 industry groups. The Nasdaq Composite Index (COMP 2,430, +26.95, +1.12%) was up 26.95 points, or 1.1%, at 2,429.53. For every stock on the decline nearly four were rising on the New York Stock Exchange, where more than 906 million shares had exchanged hands. Composite volume exceeded 3.9 billion. The latest evidence that the economy is on the mend had crude-oil futures topping $86 a barrel, with yields on 10-year Treasury notes rising to 4% for the first time since June. The Institute for Supply Management reported activity in the service sector showed marked improvement in March, with its index rising to 55.4% from 53% the month before. Separately, the National Association of Realtors reported upbeat findings on the housing market, saying its index of pending home sales climbed 8.2% in February. Closed on Friday, Wall Street had its first chance to react to the March jobs report. The Labor Department reported the creation of 162,000 jobs last month, with unemployment holding steady at 9.7%. Had the report greatly exceeded expectations, the Federal Reserve might have had to move more quickly to hike interest rates; had the jobs data fallen far short of consensus forecasts, the central bank might have had to reconsider its exit of some of the stimulus measures.

AT&T T $26.31 +0.20 0.77% 23,973,515 NYSE:

Alcoa AA $14.73 +0.03 0.2% 31,286,783 NYSE: WSJ pB1 "Bribe Case Focuses on negotiator For Alcoa" by Amir Efrati says US & UK prosecutors are investigating a prominent Canadian businessman for criminal money laundering and bribery as part of a 2 year investigation centering on metals giant Alcoa. The agent is Victor Dahdaleh, a long time agent of Alcoa who helped negotiate contracts with firms in the Mid East and elsewhere. No charges have been filed against Dahdaleh.

American Express AXP $42.67 +0.97 2.33% 7,857,037 NYSE: Fin Times p13 "Treasury makes $10 bil from Tarp" by Francesco Guerrera says Goldman Sachs and American Express played a large role in boosting the US Treasury's coffers by payhing a high price to repurchase warrants.

WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

Bank of America BAC $18.13 +0.09 0.5% 107,916,581 NYSE: No mentions found.

Boeing BA $72.04 -0.95 1.3% 9,326,314 NYSE: WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

Caterpillar CAT $64.99 +1 1.56% 6,695,510 NYSE: WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

Chevron CVX $77.66 +0.97 1.26% 8,108,553 NYSE: WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

Cisco CSCO $26.17 +0.34 1.32% 34,805,621 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.86 -0.44 0.8% 9,595,806 NYSE: No mentions found.

Disney DIS $35.22 -0.33 0.93% 10,607,893 NYSE: No mentions found.

DuPont DD $38.42 +0.51 1.35% 5,013,638 NYSE: WSJ pA3 "Clash of Old, new Economy" by Mike Esterl says there is opposition to Titan Cement of Greece's plan to build a large U?S cement plant near Wilmington, NC. After the local economy was hurt 50 years ago when a railroad left town, Wilmington Industrial Development, a pro business group, recruited firms such as DuPont and GE to build plants int he area causing Wilmington to become an industrial magnet.

ExxonMobil XOM $68.19 +0.58 0.86% 20,901,058 NYSE: No mentions found.

GE $18.53 +0.20 1.09% 55,880,213 NYSE: WSJ pA3 "Clash of Old, new Economy" by Mike Esterl says there is opposition to Titan Cement of Greece's plan to build a large U?S cement plant near Wilmington, NC. After the local economy was hurt 50 years ago when a railroad left town, Wilmington Industrial Development, a pro business group, recruited firms such as DuPont and GE to build plants int he area causing Wilmington to become an industrial magnet.

Hewlett-Packard HPQ $53.87 +0.63 1.18% 9,881,371 NYSE: No mentions found.

Home Depot HD $32.66 +0.28 0.86% 11,381,147 NYSE: AJC pA8 "Home Dept, Lowes growth seen in '11 - '12" by Rachel Ramos says sales at these 2 firms are not likely to groww robustly until then. There is a shadow inventory of 1.7 million homes in foreclosure and another up to 5 mil homes mwith delingquent mortgages that haven't hit the housing market yet.

Intel INTC $22.59 +0.20 0.89% 34,911,956 NASDAQ-GS: No mentions found.

IBM $129.35 +1.10 0.86% 4,118,684 NYSE: No mentions found.

J.P.Morgan Chase JPM $45.34 +0.16 0.35% 21,342,431 NYSE: No mentions found.

Johnson & Johnson JNJ $65.4 -0.37 0.56% 8,617,518 NYSE: No mentions found.

Kraft KFT $30.21 -0.13 0.43% 10,098,775 NYSE: No mentions found.

McDonald's MCD $68.03 +0.45 0.67% 4,875,149 NYSE: No mentions found.

Merck MRK $37.39 -0.32 0.85% 10,464,425 NYSE: No mentions found.

Microsoft MSFT $29.27 +0.11 0.38% 34,328,871 NASDAQ-GS: WSJ pB3 "Microsoft Set to Unveil Pink Mobile Phones" by Nick Wingfield says MSFT plans to introduce a new line of mobile phones Mon with social networking capacities aimed at young customers, part of its effort to turn around its trugglng mobile phone strategy. The new devices are part of a project named "Pink" that will be sold later this month in the US through a partnership with Verizon Wireless.

Pfizer PFE $16.9 +0.18 1.05% 68,689,834 NYSE: WSJ pB3 "Settlement Is Reached in Wrongful death Suit" by Peter Loftus says Pfizer reached a settlement agreement in a wrongful death lawsuit brought by a woman who claimed her husband's use of the antiseizure drug Neurontin caused him to commit suicide in '02.

Procter & Gamble PG $63.76 +0.40 0.63% 8,579,720 NYSE: No mentions found.

3M MMM $84.19 +0.34 0.41% 2,600,732 NYSE: No mentions found.

Travelers TRV $53.33 -0.59 1.09% 4,361,957 NYSE: WSJ pC6 "Chevron And AmEx Boost Dow" by Donna Yesalavich says stocks climbed to fresh 18 month highs Mon., with American Express, Caterpillar and Chevron among the gainers. Amex is charted under Good News say it was the biggest gainer. Stocks rose on better than expected data onn the services and housing sectors, in advance to Fri's report of the biggest job incrase in 3 years. Boeing, which was the Dow's best performer in he recently ended first quarter, held the Dow's gains in Check Monday with a 1.3% drop. Travelers was also weak with a decline of 1.1%.

United Technologies UTX $74.85 +0.72 0.97% 4,504,993 NYSE: No mentions found.

Verizon VZ $31.46 +0.18 0.58% 17,680,149 Dual Listed: WSJ pB3 "Microsoft Set to Unveil Pink Mobile Phones" by Nick Wingfield says MSFT plans to introduce a new line of mobile phones Mon with social networking capacities aimed at young customers, part of its effort to turn around its trugglng mobile phone strategy. The new devices are part of a project named "Pink" that will be sold later this month in the US through a partnership with Verizon Wireless.

WalMart WMT $55.49 unch unch 10,748,764 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 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: 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