6/15/10 Tues. pm Dow Closes 10,404.77 up 213.88 or 2.09%

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Post No. 484. 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 Tuesday at 10,404.77 up 213.88 or 2.10% from Monday's close of 10,190.89. Of the 30 Dow Companies: all 30 gained and none declined. The biggest gainer dollar-wise was Boeing BA $67.49 +2.67 4.12% 5,968,198 NYSE and percentage-wise was Microsoft MSFT $26.5825 +1.0875 4.27% 79,882,960 NASDAQ-GS.

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 14.82 down up from Monday's 14.85 (year ago it was 12.54) the P/E estimate is 12.56 unchanged from Monday's 12.36 (year ago it was 14.22) and the current dividend yield is 2.72 up from Monday's 2.71 (it was 3.37 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,376.75 up 28.30 from Monday's closing numerator of 1,348.45. 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 28.30 for Tuesday by the divisor (0.132319125) you get the increase in Tuesday's Dow of 213.88. 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 Tuesday's Dow Jones Industrial Average was $45.89 up 0.94 from Monday's Dow Jones Industrial Average average closing price of $44.95. The median closing price of Tuesday's Dow Jones Industrial Average was $39.89 up $1.28 from Monday's median price of $38.61. The lowest volume was 3M MMM $78.74 +1.60 2.05% 2,704,559 NYSE and the highest volume again was Bank of America BAC $15.8 +0.39 2.53% 122,438,405 NYSE.

If Tuesday 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 $2,811 ($137,661 - $134,850).

MarketWatch 6/15/10 Tues. 4:11 pm by Nick Godt U.S. stocks ended sharply higher on Tuesday, as comments about European budgets reassured the market and investors embraced tech stocks, cheering strong notebook computer sales from consumer electronics retailer Best Buy Inc. (BBY 38.51, -0.05, -0.13%) . The stock itself, however, fell 6%, as overall results disappointed. The Dow Jones Industrial Average (DJIA 10,405, +213.65, +2.10%) gained 213.88 points, or 2.1%, to 10,404.77, lifted by more than 4% gains in shares of American Express (AXP 41.61, +0.02, +0.05%) , Boeing /(BA 67.15, -0.33, -0.49%) and Caterpillar /(CAT 63.46, +2.46, +4.03%) . The S&P 500 (SPX 1,115, +25.60, +2.35%) rose 25.60 points, or 2.4%, to 1,115.23, lifted by a 2.6% advance in its financial sector, a 1.3% gain in technology, and a 1.2% rise in energy. The Nasdaq Composite (COMP 2,306, +61.92, +2.76%) gained 61.92 points, or 2.8%, to 2,305.88.

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


AT&T T $25.52 +0.35 1.39% 19,213,755 NYSE
Alcoa AA $11.60.26 +2.29% 21,122,903 NYSE
American Express AXP $41.55 +1.66 4.16% 9,220,748 NYSE
Bank of Am BAC $15.8 +0.39 2.53% 122,438,405 NYSE
Boeing BA $67.49 +2.67 4.12% 5,968,198 NYSE
Caterpillar CAT $63.46 +2.46 4.03% 11,529,116 NYSE
Chevron CVX $75.18 +1 1.35% 9,578,557 NYSE
CSCO $23.33 +0.575 2.53% 76,701,164 NASDAQ-GS
Coke KO $52.2 +0.69 1.34% 6,936,624 NYSE
DuPont DD $37.87 +1.01 2.74% 5,552,189 NYSE
Disney DIS $35 +1.07 3.15% 10,852,488 NYSE
Exxon XOM $62.49 +1.12 1.82% 22,663,788 NYSE
GE $15.78 +0.39 2.53% 74,846,881 NYSE
Hewlett-Packard HPQ $47.99 +1.11 2.37% 14,826,630 NYSE
Home Depot HD $32.25 +0.19 0.59% 18,884,427 NYSE
Intel INTC $21.48 +0.59 2.82% 60,247,208 NASDAQ-GS
IBM $129.79 +1.29 1% 6,145,699 NYSE
JPMorgan JPM $38.24 +0.91 2.44% 42,322,681 NYSE
Johnson & Johnson JNJ $59.16 +0.74 1.27% 10,141,749 NYSE
KFT $29.72 +0.33 1.12% 8,628,390 NYSE
McDonalds MCD $70.42 +1.12 1.62% 5,945,155 NYSE
MRK $36.01 0.99 2.83% 20,491,261 NYSE
Microsoft MSFT $26.5825 +1.0875 4.27% 79,882,960 NASDAQ-GS
Pfizer PFE $15.53 +0.20 1.3% 47,921,081 NYSE
PG $61.91 +0.66 1.08% 11,770,093 NYSE
3M MMM $79.74 +1.60 2.05% 2,704,559 NYSE
Travelers TRV $51.23 +1.18 2.36% 4,027,094 NYSE
United Tech UTX $68.6 +1.70 2.54% 4,838,131 NYSE
Verizon VZ $29.11 +0.48 1.68% 17,592,501 Dual Listed
Walmart WMT $51.64 +0.40 0.78% 14,104,407 NYSE

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The following are excerpts from Tuesday morning's Blog.

A read of Tuesday's Wall Street 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 10,190.89 down 20.18 or 0.2% from Friday's close of 10,211.07. For the year the Dow is down 2.27%. 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.

WSJ pC1 "Dow Rally Succumbs To Selling" by Peer McKay says a stock market rally dried up following a downgrade of Greece's sovereign rating, which some investors seized as an opportunity to pare their bets following last week's sold gains. The Dow's decline was led by a 2% decline in DuPont.

WSJ pC4 "Cablevision Rises 5%; JPMorgan, BofA Fall" by Donna Yesalavich says a rally evaporated in thin trading, as a downgrade to Greece's debt rating served as a reminder of Europe's woes. DuPont was among the decliners, in addition to big banks JPMorgan and Bank of America, which were hit with worries about their exposures to European banks. GE declined 1.1%.

NYT pB7 "Greece's Rating is Cut, and the Markets Ebb" by Christine Hauser says stocks on Wall St. slipped on Mon. after Greece's debt was downgraded, the latest development in the deepening challenges of the euro zone countries.

Fin times p22 "Fin'ls suffer amid fears over swaps spin offs" by Masa Serdarevic says US stocks closed moderately lower yesterday as a downgrade of Greek sovereign debt reminded investors that European sovereign debt problems continue.

USA Today p4B "Rally fades as Greece's debt slips to junk" by AP says stocks falted late Mon as investors gave in to anxiety about Europe's economy.

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).

AT&'t T $25.17 -0.12 0.47% 24,810,007 NYSE:WSJ pB1 "Get Smart: Targeting Phone Security Flaws" by Spencer Ante says last week's incident in which a group of computer programmers exploited a flaw in AT&T's website to publicize a vulnerability shows the hacker subculture is starting to sniff around mobile devices.

NYT pB1 "Bowing to Pressure, Stabucks Will Offer Free WiFi" by Claire Miler says Starbucks said on on that as of July 1, its store in the US would offer free WiFi via AT&T. It has been squeezed latey by chains like Mcdonald's which added free wifi this year.

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: WSJ pC1 "Lobbyists Can't Get in Door" by Aaron Lucchetti, Damian Paletta says it has gotten hardr for wall St. obbyists to shape the final fin'l overhaul bill. Bank of America CEO brian Moynihan did mnage to meet with White House officials in DC and a few weeks ago, JPMorgan CEO James Dimon made phone calls to lawmakers to argue that several parts of the bill could damage the banking system.

WSJ pC4 "Cablevision Rises 5%; JPMorgan, BofA Fall" by Donna Yesalavich says a rally evaporated in thin trading, as a downgrade to Greece's debt rating served as a reminder of Europe's woes. DuPont was among the decliners, in addition to big banks JPMorgan and Bank of America, which were hit with worries about their exposures to European banks. GE declined 1.1%.

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:
WSJ pC1 "Dow Rally Succumbs To Selling" by Peer McKay says a stock market rally dried up following a downgrade of Greece's sovereign rating, which some investors seized as an opportunity to pare their bets following last week's sold gains. The Dow's decline was led by a 2% decline in DuPont.

WSJ pC4 "Cablevision Rises 5%; JPMorgan, BofA Fall" by Donna Yesalavich says a rally evaporated in thin trading, as a downgrade to Greece's debt rating served as a reminder of Europe's woes. DuPont was among the decliners, in addition to big banks JPMorgan and Bank of America, which were hit with worries about their exposures to European banks. GE declined 1.1%.

DIS $33.93 0.31 0.91% 9,284,217 NYSE: WSJ pC4 "Cablevision Rises 5%; JPMorgan, BofA Fall" by Donna Yesalavich says a rally evaporated in thin trading, as a downgrade to Greece's debt rating served as a reminder of Europe's woes. DuPont was among the decliners, in addition to big banks JPMorgan and Bank of America, which were hit with worries about their exposures to European banks. GE declined 1.1%.

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: WSJ pC1 "Lobbyists Can't Get in Door" by Aaron Lucchetti, Damian Paletta says it has gotten hardr for wall St. obbyists to shape the final fin'l overhaul bill. Bank of America CEO brian Moynihan did mnage to meet with White House officials in DC and a few weeks ago, JPMorgan CEO James Dimon made phone calls to lawmakers to argue that several parts of the bill could damage the banking system.

WSJ pC4 "Cablevision Rises 5%; JPMorgan, BofA Fall" by Donna Yesalavich says a rally evaporated in thin trading, as a downgrade to Greece's debt rating served as a reminder of Europe's woes. DuPont was among the decliners, in addition to big banks JPMorgan and Bank of America, which were hit with worries about their exposures to European banks. GE declined 1.1%.

Johnson & John JNJ $58.42 -0.04 0.07% 10,476,225 NYSE: WSJ pB5 "J&J wins Drug Ruling" by Peter Loftus says a state judge handed a legal vitory to Johnson & Johnson Mon., dismissing a Pa. gov lawsuit saying the firm committed health care fraud surrounding tis marketing of the antipsychotic drug Risperdal.

Kraft KFT $29.39 +0.09 0.31% 8,342,596 NYSE:

McDonalds MCD $69.3 -0.24 0.35% 4,464,603 NYSE: NYT pB1 "Bowing to Pressure, Stabucks Will Offer Free WiFi" by Claire Miller & USA Today p1B say Starbucks said on on that as of July 1, its store in the US would offer free WiFi via AT&T. It has been squeezed latey by chains like Mcdonald's which added free wifi this year.

Merck MRK $35.02 +0.16 0.46% 13,582,624 NYSE: NYT pB1 "Awaiting the Genome Payoff" by Andrew Pollack says Merck cannot point to a single drug that gene mapping has yielded since Pres. Clinton announced copletion of the first draft of the Human Genome Project in June 2000.

MSFT $25.495 -0.165 0.64% 50,811,049 NASDAQ-GS: WSJ pB5 "Microsoft Lifts Wrapping on Kinect" by Yukari Kane, Daisuke Wakabayashi & USA Today p1B "Microsoft boosts Xbox 360" by ike Snider say Microsoft seeking to reenergize sales int he videogame market, unveiled a redesigned version of its Xbox 360 game console that is sleeker and smaller, and it provided more detailsa bout its new Kinect otion technology.

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: WSJ pB5 "P&G Goes on Offensive for Pampers" by Ellen Byrons says Procter & Gamble is ramping up promotions for its redesigned Pampes, sales of which are holding steady despite a debate over whether the diapers might give some babies bad rashes.

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:
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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 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.