4/9/10 Fri. am Boeing Delivered 108 Jets 1st Qtr '09

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Post No. 373. 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 Friday'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 Thursday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Thursday at 10,927.07 up 29.55 or 0.27% from Wednesday's close of 10,897.52. Of the 30 Dow Companies: 20 gained and 10 declined. For the year the Dow Jones Industrial Average is up 4.79%. The biggest gainer dollar-wise was and percentage-wise was American Express AXP $43.7 +1.33 3.14% 9,373,959 NYSE. The biggest decliner dollar-wise and percentage-wise was IBM $127.67 -0.81 0.63% 5,320,775 NYSE.

WSJ pC1 "Retail Data Send DJIA 29.55 Higher" b Peter McKay says investors' worries about consumer spending in the US faded thanks to strong monthly sales figures from key retailers, a promising sign for the broader recovery.

WSJ pC5 "Gap, Microsoft Gain As Large Caps Rally" by Donna Yesalavich says stocks closed higher Thurs, with American Express, Microsoft & McDonald's among the gainers as a round of stronger than expected retail sales boosted investors' hpes for the 1qtr reporting season being kicked off next week. American Express was athe Dow's best performer up 3.1%. Microsft was also strong up 1.9%, while McDonald's climbed 1.6%. American Express is charted under Good News saying it has been among the biggest Dow movers all week.

Fin Times p22 "Improved picture for retail sales helps erase early losses" by Masa Serdarevic says US equities reversed a negative start yesterday to send the session higher as investors took comfort in strong Mar. retail sales but worries about Greece's fiscal problems and poor US jobless claims data damped the rally. Financial stocks were in focus and former Citi execs testified before Congress' Fin'l Crisis Inquiry Comm. Bank of America was up 0.2%.

NYT pB9 "Retail Shares Distract Wall St. From Europe's Woes" by Javier Hernandez says signs of strength from US retailers sent Wall St. indexes higher on Thurs, offsetting worries about Greek debt and the jobs market.

USA Today p1B "Dow may hit 11,000, but ..." by Adam Shell says once this psychological anchor point is hit it cold be followed by a drop.

USA Today p4b "Markets pull out of slide to end higher" by AP says the stock market recovered from an early slide Thur after gains in retail sales overshadowed concerns about Greece's debt problems.

As of the open of the market Friday, 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 17.04 up from Thursday morning's 16.99 (year ago it was 27.55) the P/E estimate is 14.00 unchanged from Thursday's 14.00 (year ago it was 21.06) and the current dividend yield is 2.50 up from Thursday's 2.50 (it was 3.81 a year ago).

Thursday's Dow Jones Industrial Average closing numerator was 1,445.86 up 4.01 from Wednesday's closing numerator of 1,441.85. 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 4.01 for Thursday by the divisor you get the increase in Thursday's Dow close of 29.55. 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 Thursday's Dow Jones Industrial Average was $48.20 up 0.14 from Wednesday's Dow Jones Industrial Average closing price of $48.068. The median closing price of Thursday's Dow Jones Industrial Average was 44.74 down 0.08 from Wednesday's median closing price of $44.82. The lowest volume was United Technologies UTX $73.7 -0.29 0.39% 3,286,564 NYSE and the highest volume again was Bank of America BAC $18.7 +0.08 0.43% 154,870,547 NYSE.

If Thursday 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 $420 ($144,600 - $144,180).

Market Watch 4/8/10 4:32 pm by Kate Gibson says U.S. stocks reversed course to tally modest gains Thursday as upbeat sales results from retailers helped offset worries about Greece's debt troubles. After starting and remaining lower through the morning, the major indexes recouped their losses to end higher, with consumer discretionary shares leading the way. The Dow Jones Industrial Average layed (INDU 10,927, +29.62, +0.27%) rose 29.55 points, or 0.3%, to 10,927.07, with 20 of its 30 components tallying gains. American Express Co. (AXP 43.70, +0.01, +0.02%) advanced the most among the blue chips, up 3.1%. The S&P 500 Index (SPX 1,186, +3.99, +0.34%) rose 3.99 points, or 0.3%, to 1,186.44, with consumer discretionary faring the best among the index's 10 industry groups, and utilities weighing the most.
Target Corp. (TGT 55.77, +0.13, +0.23%) shares rose 3%. Target was among retailers registering healthy March sales and outlooks, while Macy's Inc. (M 22.52, +0.06, +0.27%) tallied sales results for the month that exceeded expectations. Shares of Gap Inc. (GPS 24.57, -0.02, -0.08%) were up 3.5% after the clothing retailer reported same-store sales rose 11% last month. US Airways Group (LCC 7.54, -0.01, -0.14%) and UAL Corp. (UAUA 20.11, -0.12, -0.59%) were among the session's noteworthy movers, the former up 10.7% and the latter 6.8% amid reports the carriers had restarted merger talks. The Nasdaq Composite Index COMP 2,437, +5.65, +0.23%) gained 5.65 points, or 0.2%, to 2,436.81. Wednesday's pullback in equities came after the Dow on Monday and Tuesday approached 11,000 for the first time in 18 months. Wednesday's retreat, the worst for equities in more than a month, came along with the notable advance of gold, which broke from other commodities on the decline. Hot Stocks: Retail stocks tap a 52-week high Thursday after U.S. stores beat already heightened expectations for March and report a record high monthly gain. Gap, Ross Stores and Aeropostale are among the gainers. On Thursday, crude-oil futures edged lower to $85.39 a barrel, while gold also lost ground to finish at $1,152.9 an ounce. The U.S. dollar lost some ground against the Japanese yen and euro, while the dollar (DXY 81.53, +0.08, +0.10%) edged higher to 81.52 from 81.446 late Wednesday. Advancers passed decliners 8-to-7 on the New York Stock Exchange, where exchange volume topped 1 billion and composite volume came to nearly 4.9 billion. Greece's debt troubles are weighing on the market mainly due to worries that its troubles would spread to other nations such as Portugal, Spain and Italy. Ahead of Wall Street's start, stock index futures were little changed after the Labor Department reported its count of those applying for jobless benefits rose by 18,000 to 460,000 last week.

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

AT&T T $26.02 +0.37 1.44% 33,130,892 NYSE: Fin Times pB4 "Comcast faces tough regulation in bid to take over GE's NBC" by Stephanie Kirchgasessner, Andrew Edgecliffe-Johnson says Comcast's bid to take over NBC Universal could face more stingent conditions from the FCC following its victory int he US appeals court because it has made it more vulnerable to having rules imposed upon it over how to manage its broadband network. The court ruling said the FCC did not have the authority to dictate how broadband provides manage their networks, quashing the FCC's net neutrality rules. But the ruling didn't stop the FCC from imposing such rules on Comcast as a temporary merger condition. The FCC imposed such conditions on a temporary basis on AT&T when it took over Bellsouth.

Alcoa AA $14.85 +0.11 0.75% 22,616,428 NYSE:No mentions found.

American Express AXP $43.7 +1.33 3.14% 9,373,959 NYSE: WSJ pC5 "Gap, Microsoft Gain As Large Caps Rally" by Donna Yesalavich says stocks closed higher Thurs, with American Express, Microsoft & McDonald's among the gainers as a round of stronger than expected retail sales boosted investors' hpes for the 1qtr reporting season being kicked off next week. American Express was athe Dow's best performer up 3.1%. Microsft was also strong up 1.9%, while McDonald's climbed 1.6%. American Express is charted under Good News saying it has been among the biggest Dow movers all week.

Bank of America BAC $18.7 +0.08 0.43% 154,870,547 NYSE: Fin Times p22 "Improved picture for retail sales helps erase early losses" by Masa Serdarevic says US equities reversed a negative start yesterday to send the session higher as investors took comfort in strong Mar. retail sales but worries about Greece's fiscal problems and poor US jobless claims data damped the rally. Financial stocks were in focus and former Citi execs testified before Congress' Fin'l Crisis Inquiry Comm. Bank of America was up 0.2%.

Boeing BA $72.32 +0.22 0.31% 3,384,096 NYSE: WSJ pB5 "Boeing Says Its Delvieries of Comm'l Aircraft Slip" by John Kell, AJC pA16 "Boeing delivers 108 jets, a dip from '09 1st qtr" say this is down from 121 jets in 1st qtr '09 and 4Qtr '09. It expects to deliver 460 to 465 comm'l jets this year, compared wtih 481 in '09. In 1qtr it delivered 86 737s, 3 767s, 19 777s and no 747s.

Caterpillar CAT $64.53 +0.06 0.09% 5,061,661 NYSE:No mentions found.

Chevron CVX $77.69 +0.32 0.41% 6,255,591 NYSE: No mentions found.

Cisco CSCO $26.28 -0.06 0.23% 37,950,366 NASDAQ-GS: No mentions found.

Coca-Cola KO $53.731 -0.089 0.17% 8,540,510 NYSE: No mentions found.

Disney DIS $35.67 +0.35 0.99% 8,974,426 NYSE: No mentions found.

DuPont DD $39.13 +0.34 0.88% 6,463,371 NYSE: No mentions found.

ExxonMobil XOM $67.8701 +0.5301 0.79% 22,528,236 NYSE: No mentions found.

GE $18.58 +0.08 0.43% 57,398,809 NYSE: No mentions found.

Hewlett-Packard HPQ $53.69 +0.40 0.75% 8,327,435 NYSE: No mentions found.

Home Depot HD $32.97 +0.36 1.1% 12,703,277 NYSE: No mentions found.

Intel INTC $22.31 -0.14 0.62% 39,598,104 NASDAQ-GS: No mentions found.

IBM $127.67 -0.81 0.63% 5,320,775 NYSE: No mentions found.

J.P. Morgan Chase JPM $45.77 +0.45 0.99% 26,902,991 NYSE: No mentions found.

Johnson & Johnson JNJ $64.951 -0.269 0.41% 8,130,453 NYSE: No mentions found.

Kraft KFT $30.14 +0.07 0.23% 7,244,721 NYSE: No mentions found.

McDonald's MCD $68.78 +1.08 1.6% 6,417,201 NYSE: WSJ pC5 "Gap, Microsoft Gain As Large Caps Rally" by Donna Yesalavich says stocks closed higher Thurs, with American Express, Microsoft & McDonald's among the gainers as a round of stronger than expected retail sales boosted investors' hpes for the 1qtr reporting season being kicked off next week. American Express was athe Dow's best performer up 3.1%. Microsft was also strong up 1.9%, while McDonald's climbed 1.6%. American Express is charted under Good News saying it has been among the biggest Dow movers all week.

Merck MRK $36.78 -0.01 0.03% 11,256,696 NYSE: No mentions found.

Microsoft MSFT $29.92 +0.57 1.94% 61,982,796 NASDAQ-GS: WSJ pC5 "Gap, Microsoft Gain As Large Caps Rally" by Donna Yesalavich says stocks closed higher Thurs, with American Express, Microsoft & McDonald's among the gainers as a round of stronger than expected retail sales boosted investors' hpes for the 1qtr reporting season being kicked off next week. American Express was athe Dow's best performer up 3.1%. Microsft was also strong up 1.9%, while McDonald's climbed 1.6%. American Express is charted under Good News saying it has been among the biggest Dow movers all week.

Pfizer PFE $17.15 +0.08 0.47% 48,201,010 NYSE: No mentions found.

Procter & Gamble PG $62.56 +0.06 0.1% 7,650,536 NYSE: No mentions found.

3M MMM $82.95 -0.71 0.85% 3,705,848 NYSE: No mentions found.

Travelers TRV $52.26 -0.24 0.46% 4,102,831 NYSE: No mentions found.

United Technologies UTX $73.7 -0.29 0.39% 3,286,564 NYSE: No mentions found.

Verizon VZ $30.15 -0.09 0.3% 29,002,734 Dual Listed: No mentions found.

WalMart WMT $55.38 +0.10 0.18% 10,813,958 NYSE: WSJ pC10 "WalMart Effects Loses its Magic" by John Jannarone says Targets Mar. same stoe sales was 10% igher while Walmarts fiscal 4th qtr same store sales were down and its stock was flat Thurs while Target's rose 3%.

WSJ pB1 WalMart Bets On Reduction In Prices" by Miguel Bustillo, Timothy Martin says WMT is cutting prices on thousands of products in an aggressive campaign to reinforce its reputation as a discount leader, as it seeks to reverse months of slowing US sales.

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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