6/14/10 Mon. pm Dow Closes 10,190.89 down 20.18 or 0.2%

www.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. 482. The following is brought to you by Intellivest Securities Research, Inc. Toward 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.

The Dow Jones Industrial Average closed Monday at 10,190.89 down 20.18 or 0.2% from Friday's close of 10,211.07. Of the 30 Dow Companies: 10 gained and 20 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $61 +0.77 1.28% 9,763,095 NYSE. The biggest decliner dollar-wise was JPMorgan JPM $37.33 -0.76 2% 48,473,364 NYSE and percentage-wise were DuPont DD $36.86 -0.75 1.99% 6,861,239 NYSE.

As of the open of the market Monday, 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 14.85 down up from Friday's 14.39 (year ago it was 12.82) the P/E estimate is 12.56 unchanged from Friday's 12.36 (year ago it was 14.22) and the current dividend yield is 2.71 down from Friday's 2.72 (it was 3.30 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Monday's Dow Jones Industrial Average closing numerator was 1,348.45 down 2.67 from Friday's closing numerator of 1,351.12. 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 decrease of 2.67 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 20.18. 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 $44.95 down 0.09 from Friday's Dow Jones Industrial Average average closing price of $45.04. The median closing price of Monday's Dow Jones Industrial Average was $38.61 down 0.43 from Friday's median price of $39.04. The lowest volume was 3M MMM $78.14 -0.16 0.2% 3,590,915 NYSE and the highest volume again was Bank of America BAC $15.41 -0.19 1.22% 120,222,318 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 lost $270 ($135,120 - $134,850).

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

AT&'t T $25.17 -0.12 0.47% 24,810,007 NYSE
Aloca AA $11.34 -0.02 0.18% 17,812,800 NYSE
Amex AXP $39.89 -0.24 0.6% 8,475,436 NYSE
Bank of America BAC $15.41 -0.19 1.22% 120,222,318 NYSE
Caterpillar CAT $61 +0.77 1.28% 9,763,095 NYSE
Chevron CVX $74.18 +0.12 0.16% 11,922,275 NYSE
CSCO $22.755 -0.1525 0.67% 57,182,039 NASDAQ-GS
Coke KO $51.51 -0.14 0.27% 6,782,176 NYSE
DuPont DD $36.86 -0.75 1.99% 6,861,239 NYSE
DIS $33.93 0.31 0.91% 9,284,217 NYSE
Exxon XOM $61.37 -0.49 0.79% 24,632,015 NYSE
GE $15.39 -0.17 1.09% 75,288,154 NYSE
Hewlett-Packard HPQ $46.88 -0.31 0.66% 14,347,801 NYSE
HD $32.06 0.16 0.5% 20,244,438 NYSE
Intel INTC $20.89 +0.25 1.21% 68,763,845 NASDAQ-GS
IBM $128.5 +0.05 0.04% 6,729,961 NYSE
JPMorgan JPM $37.33 -0.76 2% 48,473,364 NYSE
Johnson & John JNJ $58.42 -0.04 0.07% 10,476,225 NYSE
Kraft KFT $29.39 +0.09 0.31% 8,342,596 NYSE
McDonalds MCD $69.3 -0.24 0.35% 4,464,603 NYSE
Merck MRK $35.02 +0.16 0.46% 13,582,624 NYSE
MSFT $25.495 -0.165 0.64% 50,811,049 NASDAQ-GS
Pfizer PFE $15.33 -0.13 0.84% 51,140,760 NYSE
Procter & Gamble PG $61.25 +0.24 0.39% 10,950,331 NYSE
3M MMM $78.14 -0.16 0.2% 3,590,915 NYSE
Travelers TRV $50.05 +0.36 0.71% 4,099,493 NYSE
United Tec UTX $66.9 +0.67 1.01% 6,644,470 NYSE
Verizon VZ $28.63 +0.07 0.25% 14,979,639 Dual Listed
Walmart WMT $51.24 -0.38 0.75% 13,887,728 NYSE

*********************
The following are excerpts from Monday morning's Blog.

A read of Monday's Wall Street Journal, Financial Times, New York Times, USA Today, & Atlanta Journal Constitution and June 14, 2010 issue of Barron's 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 Friday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Friday at 10,211.07 up 38.54 or 0.38% from Thursday's close of 9,899.25. For the year the Dow is done 2.08%. For the week the Dow was up 279.10 or 2.81% from last Friday's close of 9,931.97. Of the 30 Dow Companies: 10 gained and 20 declined. The biggest gainer dollar-wise was Boeing BA $65.38 +1.49 2.33% 8,447,854 NYSE and percentage-wise was Pfizer PFE $15.46 +0.55 3.69% 75,352,136 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $61.01 -0.90 1.45% 19,729,190 NYSE and percentage-wise were Coke KO $51.65 -0.80 1.53% 7,412,484 NYSE and Home Depot HD $32.22 -0.50 1.53% 13,661,644 NYSE.

As of the open of the market Monday, 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 14.85 down up from Friday's 14.39 (year ago it was 12.82) the P/E estimate is 12.56 unchanged from Friday's 12.36 (year ago it was 14.22) and the current dividend yield is 2.71 down from Friday's 2.72 (it was 3.30 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,351.12 up 5.10 from Thursday's closing numerator of 1,346.02. 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 5.10 for Friday by the divisor (0.132319125) you get the increase in Friday's Dow of 38.54. 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 Friday's Dow Jones Industrial Average was $45.04 up 0.17 from Thursday's Dow Jones Industrial Average average closing price of $44.87. The median closing price of Friday's Dow Jones Industrial Average was $39.04 down 0.10 from Thursday's median price of $39.14. The lowest volume was Travelers TRV $50.41 +0.42 0.84% 3,916,255 NYSE and the highest volume again was Bank of America BAC $15.6 +0.14 0.91% 114,814,247 NYSE.

If Friday 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 $510 ($135,120 - $134,610 -$).

MarketWatch Friday 6/11/10 4:45 pm by Donna Kardos Yesalavich says U.S. stocks closed higher Friday despite a disappointing drop in consumer spending, as investors were encouraged by an increase in consumer sentiment and a lack of negative news out of the euro zone. Pfizer, Microsoft and Boeing were among the day's gainers. The Dow Jones Industrial Average rose 38.54 points, or 0.38%, to 10211.07. For the week, the measure gained 2.81%, snapping a three-week losing streak and marking the Dow's biggest weekly gain since February. It is now up 0.73% for the month but down 2.08% for the year. Pfizer was the Dow's best performer, jumping 55 cents, or 3.7%, to 15.46. The drug maker and Bristol-Myers Squibb said they stopped a clinical trial early because the data so far suggest an experimental drug for irregular heart rhythm was superior to aspirin. Bristol-Myers Squibb, which is not a Dow component, rose 44 cents, or 1.8%, to 25.08. Among the Dow's other top performers, Microsoft (Nasdaq) climbed 66 cents, or 2.6%, to 25.66, and Boeing advanced 1.49, or 2.3%, to 65.38. The Nasdaq Composite rose 24.89, or 1.12%, to 2243.60. The measure climbed 1.1% this week. The Standard & Poor's 500 added 4.76, or 0.44%, to 1091.60, with the materials and technology sectors leading its gains. Just two categories ended the session in the red: consumer staples and utilities. The S&P 500 rose 2.51% this week, its biggest weekly gain since early March. Friday's stock gains came despite a Commerce Department report that showed U.S. consumers pulled back their spending on things from cars to clothing last month, sending retail sales tumbling 1.2%. It was the first drop in retail sales since September and came as a surprise as economists were expecting a 0.2% increase. However, a Reuters/University of Michigan report showed consumer sentiment rose more than expected, which helped ease investors' concerns about consumer spending going forward. The report prompted stocks' earlier declines to pare, although major stock measures didn't turn positive until late in the session.

AT&T T $25.29 -0.15 0.59% 23,658,043 NYSE: WSJ pB6 "Computer Experts Face Backlash" by Ben Worthen, Spencer Ante says a computer group known as Goatse Security finds flaws in websites such as the one they found last week in AT&T's website that made iPad owners' email addresses public. But now the group is under investigation itself about how they are disclosing others' security problems. Another example is how a Google resercher went public with a security flaw in Microsoft software before the firm fixed it

Barron's p37 "What the World Wants Next From Apple" by Eric Savitz says during Jobs presentation last week at a developer's conference in San Fran, a demo froze due to the large number of people in the room trying to use the local WiFi connection. Jobs asked if anyone had any idea on a fix and someone in the audience yelled out "Verizon" demonstrating the widespread Apple user dissatisfaction with the service provided on the AT&T network.

Barron's p38 "A Test of Apple's Loyalty" by Mark Veverka says at the All Things Digital conference last week Apple's CEO Steve Jobs came to a defense of AT&T, Apple's exclusive US carrier for iPhones and iPad. he said if another carrier takes over, its network could be overloaded as well but it remains to be seen whether At&T's competitors such as sprint, Verizon Wireless, or T-Mobile will suffer from the same problems if they take over from AT&T.

Alcoa AA $11.36 +0.11 0.98% 18,234,274 NYSE: No mentions found.

American Express AXP $40.13 +0.10 0.25% 7,804,261 NYSE: No mentions found.

Bank of America BAC $15.6 +0.14 0.91% 114,814,247 NYSE: Barron's p18 "Last Week Review" says Bank of America agreed to pay $108 mil to settle claims that the Countrywide mortgage unit it bought in '08 defrauded thousands of customers facing foreclosure.

Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Barron's p40 "Talking With David Giroux, Portfolio Manage with T. Rowe Price Capital Appreciation Fund" by J.R. Brandstrader says T. Rowe Price's to 10 Holdings include Bank of America, IBM, Pfizer, and Exxon

Boeing BA $65.38 +1.49 2.33% 8,447,854 NYSE: USA Today p1B says Boeing's machinists union in St. Louis voted to reject an offer that would have replaced a contract that expired Sun. The Int'l Assoc. of machinists & Aerospace Workers may strike on June 23.

Caterpillar CAT $60.23 +0.28 0.47% 7,328,922 NYSE: Barron's p44 "Speaking of Dividends" by Shirley Lazo Target, the No. 2 US discount retailer after WalMart, voted a heft 47% dividend increase to 25 cents a share from 17 cents a share. WalMart on June 4 authorize its second $15 bil buyback in a little over a year. Walmart trades in the low 50s and yields 2.37% raised its quarterly common dividend 11% in March to 30.25 cents a share. Caterpillar voted a 2 cent hike last week in its quarerly common disbursement to 44 cents a share. Tis is Cat's 17th year in a row of enriched payouts and gives the stock a 2.95% yield. Caterpillar has paid a cash dividend every year since its founding in '25 and its payout has nearly tripled since '98.

Chevron CVX $74.06 +0.11 0.15% 8,345,543 NYSE: WSJ pB1 "Chevron Distances Its Ways From BP's" by Ben Casselman says Chevron's CEO john Watson said he accepts the need for tighter drilling regs in the wake of BP's oil spill. chevron is the second biggest US oil firm bymarket cap after Exxon Mobil.

Cisco CSCO $22.9075 +0.135 0.59% 56,270,533 NASDAQ-GS: Barron's p44 "Intel in the bargain Bin" by Avi Salzman says Intel is stuffed with cash and is trading at less than 11 times forward earnings. Intel's future looks bright. The evidence of a dramatic slowdown in sales of computes is thin. Hewlett-Packard and Dell had better than expected earnings on strong demand for products last month. Bullish comments from Microsoft and Cisco also bode well for Intel.

Coke KO $51.65 -0.80 1.53% 7,412,484 NYSE: No mentions found.

DuPont DD $37.61 +0.62 1.68% 6,441,693 NYSE: No mentions found.

Disney DIS $34.24 +0.13 0.38% 8,750,897 NYSE: No mentions found.

Exxon XOM $61.86 -0.03 0.05% 21,054,389 NYSE: WSJ pB1 "Chevron Distances Its Ways From BP's" by Ben Casselman says Chevron's CEO john Watson said he accepts the need for tighter drilling regs in the wake of BP's oil spill. chevron is the second biggest US oil firm bymarket cap after Exxon Mobil.

Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Barron's p40 "Talking With David Giroux, Portfolio Manage with T. Rowe Price Capital Appreciation Fund" by J.R. Brandstrader says T. Rowe Price's to 10 Holdings include Bank of America, IBM, Pfizer, and Exxon

GE $15.56 -0.12 0.77% 70,488,204 NYSE: Fin Times p16 interviews Jeff Zucker, CEO of NBC Universal, owned by Vivendi and GE and discusses the pending sale of the sale of NBC to Comcast FOR $30 Bil.

Hewlett-Packard HPQ $47.19 +0.69 1.48% 11,459,521 NYSE: Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Barron's p21 "For Sandisk, Apple's Tablet Flashes Cash" by mark Veverka says just as the iPhone kick started the high end smartphone segment, the iPad is likely to inspire a prliferation of mobile devices, many of them tables that fall somewhere between smartphones and notebooks. Hewlett-Packard, Asustek Computer and Son, which use SanDisk memory intheir netbooks, already are starting tor oll out tablets.

Barron's p44 "Intel in the Bargain Bin" by Avi Salzman says Intel is stuffed with cash and is trading at less than 11 times forward earnings. Intel's future looks bright. The evidence of a dramatic slowdown in sales of computes is thin. Hewlett-Packard and Dell had better than expected earnings on strong demand for products last month. Bullish comments from Microsoft and Cisco also bode well for Intel.

Home Depot HD $32.22 -0.50 1.53% 13,661,644 NYSE:

Intel INTC $20.64 +0.09 0.44% 48,798,834 NASDAQ-GS: WSJ pB6 "Intel Sees new use For Chip" by jerry DiColo says technology from Larrabee the code name for Intel's canceled project to develop a graphics chip for pcs will soon be used to speed up supercomputers.

WSJ pB1 "Parsing Intel's Influcence on Dell" by Don Clark, Kara Scannell says rebate from Intel plays a large role in Dell's finances. Intel has faced allegations from antitrust regulators that it crafted rebates an discount programs to discourage customers from buying Advanced Micro Devices microprocesssor chips. Dell's quarterply profit margins became depending on Intel payments according to a lawsuit.

Barron's p44 "Intel in the bargain Bin" by Avi Salzman says Intel is stuffed with cash and is trading at less than 11 times forward earnings. Intel's future looks bright. The evidence of a dramatic slowdown in sales of computes is thin. Hewlett-Packard and Dell had better than expected earnings on strong demand for products last month. Bullish comments from Microsoft and Cisco also bode well for Intel.

IBM $128.45 +0.77 0.6% 5,792,236 NYSE: Barron's p40 "Talking With David Giroux, Portfolio Manage with T. Rowe Price Capital Appreciation Fund" by J.R. Brandstrader says T. Rowe Price's to 10 Holdings include Bank of America, IBM, Pfizer, and Exxon.

Barron's p22 "Japan's IBM? Not Quite yet" by Neil Martin says tech giant Fujitsu, Japan's No. 1 computer maker and the 4th largest info tech provider in the world has revved up itself to become the nation's IBM.

JPMorgan JPM $38.09 -0.20 0.52% 30,963,171 NYSE:

Johnson & Johnson JNJ $58.46 -0.04 0.07% 14,610,119 NYSE:

Kraft KFT $29.3 -0.08 0.27% 6,062,492 NYSE: No mentions found.

McDonalds MCD $69.54 +0.17 0.25% 5,332,643 NYSE: WSJ pC8 "The Stars Could be Aligned for Growth at Starbucks" by John Jannarone says Starbucks may set a record for the fastest long term expansion of any big retailer. It added US stores at an annual 27% rate from '95 to '05, reaching almost 12,000 which is faster than the 17% rate of McDonald's from '65 to '75.

Merck MRK $34.86 +0.21 0.61% 18,073,631 NYSE: Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Microsoft MSFT $25.66 +0.66 2.64% 67,737,999 NASDAQ-GS: WSJ pB6 "Computer Experts Face Backlash" by Ben Worthen, Spencer Ante says a computer group known as Goatse Security finds flaws in websites such as the one they found last week in AT&T's website that made iPad owners' email addresses public. But now the group is under investigation itself about how they are disclosing others' security problems. Another example is how a Google resercher went public with a security flaw in Microsoft software before the firm fixed it.

Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Barron's p44 "Intel in the bargain Bin" by Avi Salzman says Intel is stuffed with cash and is trading at less than 11 times forward earnings. Intel's future looks bright. The evidence of a dramatic slowdown in sales of computes is thin. Hewlett-Packard and Dell had better than expected earnings on strong demand for products last month. Bullish comments from Microsoft and Cisco also bode well for Intel.

Pfizer PFE $15.46 +0.55 3.69% 75,352,136 NYSE: Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

Barron's p40 "Talking With David Giroux, Portfolio Manage with T. Rowe Price Capital Appreciation Fund" by J.R. Brandstrader says T. Rowe Price's to 10 Holdings include Bank of America, IBM, Pfizer, and Exxon

Procter & Gamble PG $61.01 -0.90 1.45% 19,729,190 NYSE:

3M MMM $78.3 +0.87 1.12% 4,616,309 NYSE: No mentions found.

Travelers TRV $50.41 +0.42 0.84% 3,916,255 NYSE: No mentions found.

United Technologies UTX $66.23 +0.74 1.13% 4,557,896 NYSE: No mentions found.

Verizon VZ $28.56 +0.22 0.78% 16,898,891 Dual Listed: Barron's p37 "What the World Wants Next From Apple" by Eric Savitz says during Jobs presentation last week at a developer's conference in San Fran, a demo froze due to the large number of people in the room trying to use the local WiFi connection. Jobs asked if anyone had any idea on a fix and someone in the audience yelled out "Verizon" demonstrating the widespread Apple user dissatisfaction with the service provided on the AT&T network.

Barron's p38 "A Test of Apple's Loyalty" by Mark Veverka says at the All Things Digital conference last week Apple's CEO Steve Jobs came to a defense of AT&T, Apple's exclusive US carrier for iPhones and iPad. he said if another carrier takes over, its network could be overloaded as well but it remains to be seen whether At&T's competitors such as sprint, Verizon Wireless, or T-Mobile will suffer from the same problems if they take over from AT&T.

Barron's p25 "Barron's Roundtable 2010" by Lauren Rublin says Fred Hickey, Editor, the High Tech Strategist picks Microsoft, Verizon Communications and Market Vectors gold Miners. Abby Joseph Cohen likes US Steel, Pfizer, and Occidental Petroleum. Archie MacAllaster likes Hewlett-Packard and says disney of all 30 Dow, trades for 15 times '11 estimated earnings. All the rest trade for less and 8 sell for under 10 times earnings, including Hewlett-Packard, ExxonMobil, Bank of America and Merck. These are quality firms and dividend payers though the banks don't pay much anymore. Pfizer sells at 6.7 times next year's estimates. If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets per MacAllaster.

WalMart WMT $50.86 -0.36 0.7% 14,018,808 NYSE: Barron's p44 "Speaking of Dividends" by Shirley Lazo Target, the No. 2 US discount retailer after WalMart, voted a heft 47% dividend increase to 25 cents a share from 17 cents a share. WalMart on June 4 authorize its second $15 bil buyback in a little over a year. Walmart trades in the low 50s and yields 2.37% raised its quarterly common dividend 11% in March to 30.25 cents a share. Caterpillar voted a 2 cent hike last week in its quarerly common disbursement to 44 cents a share. Tis is Cat's 17th year in a row of enriched payouts and gives the stock a 2.95% yield. Caterpillar has paid a cash dividend every year since its founding in '25 and its payout has nearly tripled since '98.
*************************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.

5/6/10 10-Q

5/4/10 8K: re: results from the annual meeting of the stockholders of AT&T Inc. held on April 30, 2010, in Chattanooga, Tennessee.

Alcoa AA: 5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.

American Express AXP: 6/2/10 8K re: statistics re: worldwide billed business.

5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.

5/5/10 10Q

4/28/10 8-K re: transcript of 4/22/10 American Express live audio conference call/webcast to discuss the Company’s financial results for the three months ended March 31, 2010

Bank of Am BAC: 6/4/10 Free Writing Prospectuses

5/10/10 Rule 424(b) Prospectus

5/7/10 10-Q

Boeing BA: 4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010

Caterpiller CAT: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.

5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.

5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.

5/10/10 Definitive Proxy materials

5/510 8-K re: departure of directors and officers

5/3/10 10Q

Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.

5/19/10 definitive proxy materials

5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.

5/5/10 10Q

Cisco CSCO: 5/26/10 10Q

5/12/10 8K re: results of operations for its fiscal third quarter 2010 ended May 1, 2010.

Coke KO: 4/29/10 10Q

4/26/10 8K re: results of 4/21/10 voting results from annual meeting in Duluth, Ga.

Disney DIS: 5/11/10 10Q

5/11/10 8-K re: press release re: 10Q re: quarter ended 4/3/10.

DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.