5/4/10 Tues. am Boeing Soars

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Post No. 413. 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 5/1/10 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 11151.83 up 143.22 or 1.3% from Friday's close of 11008.61. For the year the Dow is up 6.94%. Of the 30 Dow Companies: 29 gained and Alcoa declined. The biggest gainer dollar-wise was Boeing and percentage wise was Caterpillar NYSE. The only decliner dollar-wise and percentage-wise was Alcoa NYSE.

WSJ pC1 "Rise of 143.22 Is Dow's Best Since Feb. 16" by Matt Phillips says stocks climbed broadly Mon, reclaiming much of the ground lost in Fri's selloff, as fresh data underscored ongoing strength in the US economy. The Dow was led by some of its most economically sensitive components, with Boeing up 2.7%, Caterpillar up 2.7% and GE up 2.1%.

WSJ pC5 "Boeing Up In Bounc For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

Fin Times p2 "United Airlines merger & upbeat data lift the gloom" by Masa Serdarevic says positive US economic data and the merger between Cont'l and United, creating the world's biggest airline, helped the US stock market move higher yesterday, overshadowing ongoing concerns about the oil spill in the Gulf of Mexico. Fin'l stocks were some of the best performers with JPMorgan rising 2.2% and Bank of America up 1.3%.

NYT pB9 "A Confidence Builder for Wall St." by Christine Hauser says a merger of 2 airlines gave Wall St a shot of confidence on Mon, while economic indicators & a strong fin'l sector also coaxed indexws higher. The merger of Cont'l and United was the latest deal in the last 2 weeks, bolstering hopes that the economy would continue to recover.

USA Today 4B "Stocks rise as Buffett defends Goldman" by Bloombergsays stocks rallied Mon as Warren Buffett defended Goldman Sachs, manufacturing grew at the fastest pace since '04 & personal income and spending rose.

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 16.42 up from Monday's open of 16.21 (year ago it was 36.32) the P/E estimate is 13.95 unchanged from Monday's 13.95 (year ago it was 22.77) and the current dividend yield is 2.45 down from Monday's 2.48 (it was 3.67 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 1,475.60 up 18.95 from Friday's closing numerator of 1,456.65. 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 18.95 for Monday by the divisor (0.132319125) you get the increase in Monday's Dow of 143.22. 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 $49.19 up 0.33 from Friday's Dow Jones Industrial Average average closing price of $48.86. The median closing price of Monday's Dow Jones Industrial Average was 45.37 up 1.02 from Friday's median closing price of $44.35. The lowest volume was Travelers TRV $50.21 +0.47 0.93% 4,037,773 NYSE and the highest volume again was Bank of America BAC $17.39 +1.96 2.71% 5,407,679 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 $ 979.99 ($$147,560 - 146,580).

Market Watch 4/30/10 5:29 p.m. by Kate Gibsons says US stocks surged Monday, with retailers rallying after a report showed consumer spending at a record level and as investors took heart from the latest merger activity, including UAL Corp.'s $3.15 billion deal with Continental Airlines Inc. The Dow Jones Industrial Average (INDU 11,152, +143.44, +1.30%) ended up 143.22 points, or 1.3%, at 11,151.83, its biggest one-day gain since mid-February and nearly recouping Friday's 159-point slide.
All but one component traded higher, led by shares of Caterpillar, Inc. (CAT 69.78, -0.16, -0.23%) , which gained 2.7%. Alcoa Inc. (AA 13.12, -0.03, -0.23%) was the sole decliner among the blue chips, with shares of the aluminum producer down 2.1%.
Consumer discretionary and industrial shares led the gains, with retail stocks such as Nordstrom Inc. (JWN 43.74, +0.11, +0.25%) , Starbucks Corp. (SBUX 27.14, -0.04, -0.15%) and Hasbro Inc. (HAS 40.12, +1.76, +4.59%) advancing after the government estimated U.S. consumer spending increased to a record high in March. Read Economic Report on personal income and consumer spending. Also supporting gains, energy stocks turned higher as oil topped $86 barrel, its fourth-straight session gain, and as BP Plc (BP 50.00, -0.19, -0.38%) officials spoke to reporters on the spreading oil spill in the Gulf of Mexico. Materials, a sector that includes metals miners and producers such as Alcoa, Freeport-McMoRan Copper & Gold Inc. /(FCX 73.55, -0.19, -0.26%) and Cliffs Natural Resources Inc. /(CLF 58.82, -0.13, -0.22%) , was the only laggard among the S&P's 10 industry groups. Read more on mining stocks' drop.
Industrial stocks have led the market recovery from the beginning, while "safer" groups like utilities have been weak. The S&P 500's industrial sector gained after United Airline parent UAL (UAUA 22.06, -0.05, -0.23%) said it was acquiring Continental (CAL 22.64, -0.22, -0.96%) in a stock deal valued at about $3.2 billion. Neither airline is in the S&P 500. In a similar vein, Avis Budget Group Inc. (CAR 14.99, -0.09, -0.60%) said it was preparing to top a competitor's bid for Dollar Thrifty Automotive Group Inc. (DTG 50.86, +0.16, +0.32%) . Avis' chief executive officer made the statement one week after Hertz Global Holdings Inc. (HTZ 13.60, -0.86, -5.95%) offered $1.17 billion, or $41 a share, for Dollar Thrifty. Apple said it sold its one millionth iPad on Friday, the same day the company released its 3G version of the much-hyped device, as sales of the tablet continued to build. The deals follow last week's announcement that Hewlett-Packard Co. /(HPQ 52.71, +0.74, +1.42%) would acquire Palm Inc. (PALM 5.75, -0.06, -1.03%) .The Nasdaq Composite Index (COMP 2,499, +37.55, +1.53%) added 37.55 points, or 1.5%, to 2,498.74.
SanDisk Corp. (SNDK 43.32, -0.20, -0.46%) shares rallied 9.2%, boosting tech stocks, after Apple Inc. (AAPL 265.65, -0.70, -0.26%) reported selling 1 million iPads in the device's first month of release, pointing to strong demand for makers of memory chips. Micron Technology Inc. (MU 9.90, +0.01, +0.10%) rose 5.8%.
For every stock on the decline more than three were rising on the New York Stock Exchange, where 1.18 billion shares traded hands. Composite volume topped 5 billion.
Energy stocks proved highly sensitive to the news flow around the massive oil spill in the Gulf of Mexico. Shares of Transocean Ltd. (RIG 72.65, -0.26, -0.36%) edged up, reversing a slide that came after BP PLC (BP 50.00, -0.19, -0.38%) said equipment belonging to the rig owner failed. Other oil services companies also reversed higher as BP officials held a briefing on the spill. Cameron International Corp. (CAM 40.50, -0.27, -0.66%) shares gained 3.3%, while fellow S&P 500-member Halliburton Co. (HAL 31.25, -0.14, -0.45%) rose 2.4%. U.S. shares of BP were off 3.8%
Nalco Holdings Co. (NLC 26.25, +0.06, +0.23%) jumped 5.9% on reports its chemicals would be used by BP to help clean up the slick, while Superior Energy Services Inc. (SPN 27.38, +0.32, +1.18%) climbed 1.2% after it said it was contacted by BP to supply concrete covers that are placed over spills. Other companies with potential roles in the clean up also gained, with shares of Clean Harbors Inc. (CLH 67.30, +0.32, +0.48%) rising 5.6% and Newpark Resources Inc. (NR 7.93, +0.20, +2.59%) shares advancing 16%. Crude-oil futures rose on the heels of data showing U.S. manufacturing last month expanded at its most rapid pace since 2004, with the Institute for Supply Management report pointing to increasing appetite for fuel in the U.S., the globe's largest energy consumer. The ISM's index jumped to 60.4% in April from 59.6% the prior month. See Economic Report on manufacturing data.
The euro fell against the dollar to a fresh 12-month low as a $146 billion aid package for Greece failed to restore investor confidence, particularly about other European countries. The dollar index (DXY 82.36, +0.46, +0.56%) rose to 82.368, up 0.7%. Greece's debt problems abated some after the European Union and the International Monetary Fund reached agreement on a $145 billion rescue plan. Read more on Greece.

All stocks were up except for Alcoa.

AT&T T $26.28 0.22 0.84% 27,076,364 NYSE: No mentions found.

Alcoa AA $13.15 -0.28 2.08% 45,592,355 NYSE: WSJ pC5 "Boeing Up In Bounce For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

American Express AXP $47.2 1.08 2.34% 7,572,341 NYSE: WSJ pC5 "Boeing Up In Bounc For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

Bank of America BAC $18.06 0.23 1.29% 150,705,690 NYSE: WSJ pC5 "Overreaction On Oil Stocks" by Matt Phillips says an analyst at Bank of America's Merrill Lynch says investors are overreacting about the oil spill and oil stocks are being unfairly punished.

WSJ pC6 "Lending Standards Remain Tight" by Dan Fitzpatick says Bank of America CEO Brian Moynish during its 1Qtr conf. call last month that loan demand remains weak because of weak overall economic conditions not an unwillingness to lend.

Fin Timesp2 "United Airlines merger & upbeat data lift the gloom" by Masa Serdarevic says positive US economic data and the merger between Cont'l and United, creating the world's biggest airline, helped the US stock market move higher yesterday, overshadowing ongoing concerns about the oil spill in the Gulf of Mexico. Fin'l stocks were some of the best performers with JPMorgan rising 2.2% and Bank of America up 1.3%.

Boeing BA $74.39 +1.96 2.71% 5,407,679 NYSE: WSJ pC1 "Rise of 143.22 Is Dow's Best Since Feb. 16" by Matt Phillips says stocks climbed broadly Mon, reclaiming much of the ground lost in Fri's selloff, as fresh data underscored ongoing strength in the US economy. The Dow was led by some of its most economically sensitive components, with Boeing up 2.7%, Caterpillar up 2.7% and GE up 2.1%.

WSJ pC5 "Boeing Up In Bounc For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

Caterpillar CAT $69.94 1.85 2.72% 7,885,857 NYSE: WSJ pC1 "rise of 143.22 Is Dow's Best Since Feb. 16" by Matt Phillips says stocks climbed broadly Mon, reclaiming much of the ground lost in Fri's selloff, as fresh data underscored ongoing strength in the US economy. The Dow was led by some of its most economically sensitive components, with Boeing up 2.7%, Caterpillar up 2.7% and GE up 2.1%.

WSJ pC5 "Boeing Up In Bounc For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

Chevron CVX $82.83 1.39 1.71% 11,650,662 NYSE: No mentions found.

Cisco CSCO $27.54 0.61 2.27% 44,974,900 NASDAQ-GS: No mentions found.

Coke KO $53.76 0.31 0.58% 8,061,741 NYSE: No mentions found.

Disney DIS $37.56 0.72 1.95% 10,887,476 NYSE: WSJ pC10 "Old Media Valuations a Tall Order?" by Martin Peers says juiced by a bounce back in advertising, newspaper and tv stocks are now higher than Internet firms. Old media stocks are trading above the broader market on an earnings basis. With the S&P 500 at about 15 times '10 earnings, CBS is at 18, NYTimes at 15 times, Belo is 14.7, Time Warner is 15.7 and Disney is at nearly 19 times.

DuPont DD $40.12 0.28 0.7% 6,554,202 NYSE: No mentions found.

Exxon XOM $67.84 0.07 0.1% 30,739,603 NYSE: No mentions found.

GE $19.26 0.40 2.12% 60,148,845 NYSE: WSJ pC5 "Boeing Up In Bounc For DJIA " by Donna Yesalavich says as stocks staged a solid comeback Mon from their Fri decline, Caterpillar, Boeing, American Express and Walt Disney led broad gains, following reports of improving auto sales, consumer spending and factory activity. Disney is charted under Good News saying the mouse was one of the leaders of the Dow's Monday rally while Alcoa is charted under Bad News saying it was one one of the relatively few blue chip decliners, amid worries over China's moves to cool its economy.

Hewlett-Packard HPQ $52.71 0.74 1.42% 11,667,943 NYSE: No mentions found.

Home Depot HD $35.87 0.64 1.82% 12,643,963 NYSE: No mentions found.

Intel INTC $23.26 0.42 1.84% 55,453,975 NASDAQ-GS: No mentions found.

IBM $129.6 0.60 0.47% 4,992,019 NYSE: No mentions found.

JPMorgan JPM $43.53 0.95 2.23% 31,227,604 NYSE: WSJ pC3 "Airline Deal Renews Banking, Legal Ties" by Gina Chon, Anupreeta Das says the courtship between UAL's United and Cont'l Airlines means a reunion for bankers and laweyrs involved in the $3 bil deal including JPMorgan Chase.

Fin Timesp2 "United Airlines merger & upbeat data lift the gloom" by Masa Serdarevic says positive US economic data and the merger between Cont'l and United, creating the world's biggest airline, helped the US stock market move higher yesterday, overshadowing ongoing concerns about the oil spill in the Gulf of Mexico. Fin'l stocks were some of the best performers with JPMorgan rising 2.2% and Bank of America up 1.3%.

Johnson & Johnson JNJ $65.33 1.03 1.6% 15,310,437 NYSE: No mentions found.

KFT $29.9 0.30 1.01% 11,894,713 NYSE: No mentions found.

McDonald's MCD $71.42 0.83 1.18% 5,990,571 NYSE: No mentions found.

MRK $35.27 0.23 0.66% 12,426,488 NYSE: No mentions found.

Microsoft MSFT $30.86 0.325 1.06% 43,989,418 NASDAQ-GS: WSJ pB4 "Apple Atracts Scrutiny From Regulators" by Thomas Caan, Yukari Kane says some critics say Apple is now engaging in the kind of tactics that got Microsoft in trouble with antitrust enforcers in the 1990's.

Pfizer PFE $16.91 0.19 1.14% 71,922,225 NYSE: No mentions found.

Procter & Gamble PG $62.68 0.52 0.84% 9,756,506 NYSE: No mentions found.

MMM $89.81 1.14 1.29% 4,647,374 NYSE: No mentions found.

Travelers TRV $51.21 +0.47 0.93% 4,037,773 NYSE: No mentions found.

United Tech UTX $76.28 1.33 1.77% 4,115,551 NYSE: No mentions found.

VZ $29.29 0.39 1.35% 14,574,871 Dual Listed:

WalMart WMT $53.74 0.10 0.19% 12,301,065 NYSE: WSJ pB3, USA Today p1B, AJC pA12 "WalAmart to pay millions in Cal dumping case" say WalMart will pay $27.6 mil to settle charges it dumped haz waste at stores across Cal in a case that led to changes in its practices nationwide.

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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 5/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $319 [5]
2. Microsoft MSFT 268 [9]
3. WalMart WMT 201 [4]
4. GE 201 [10.5]
5. Procter & Gamble PG 180 [3]
6. BAC 179 [10]
7. Johnson & Johnson JNJ 177 [3]
8. JPMorgan Chase 169 [4]
9. IBM 166 [1]
10. Chevron CVX 163 [2]
11. AT&T 154 [6]
12. Cisco CSCO 154 [6]
13. Pfizer PFE 135 [8]
14. Intel INTC 126 [5.5]
15. Coke KO 123 [2]
16. Hewlett-Packard HPQ 122 [2]
17. Merck MRK 109 [3]
18. Verizon VZ 82 [3]
19. McDonald's MCD 76 [1]
20. Disney DIS 71 [2]
21. United Technologies UTX 70 [1]
22. 3M MMM 63 [.5]
23. Home Depot 60 [1.5]
24. Boeing BA 55 [1]
25. American Express AXP 55 [1]
26. Kraft KFT 51 [1.5]
27. Caterpillar CAT 43 [.5]
28. DuPont DD 36 [1]
29. Travelers 25 [.5]
30. Alcoa AA 14 [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