6/23/10 Wed. am JPMorgan Shuffles Execs

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Post No. 497. 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.

A read of Wednesday's Wall Street Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Georgia) 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 Tuesday at 10,293.52 down 148.89 or 1.43% from Monday's close of 10,442.41. For the year the Dow is down 1.29%. Of the 30 Dow Companies: 2 gained and 28 declined. The biggest gainer dollar-wise and percentage-wise was Merck MRK $35.13 +0.01 0.03% 16,160,872 NYSE. The biggest decliner dollar-wise was Chevron CVX $74 -1.72 2.27% 10,317,569 NYSE and percentage-wise was Alcoa AA $11.29 -0.43 3.67% 30,852,709 NYSE.

As of the open of the market Wednesday, 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 14.97 down from Tuesday's 15.18 (year ago it was 12.12) the P/E estimate is 12.90 unchanged from Tuesday's 12.90 (year ago it was 13.73) and the current dividend yield is 2.69 up from Monday's 2.65 (it was 3.47 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.

WSJ pC1 "Late Decline Drains 148.89 From the Dow" by Peter McKay says stocks succumbed to a late day selloff as weak housing data and a sldie in energy stocks drove the broader market lower, led by declines in Chevron of 2.3% and a 1.9% in Exxon Mobil.

WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one xpectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

Fin Times pB23 "Housebuildres hit after disappointing news on home sales" by Masa Serdarevic says US stocks closed lower yesterday as worse than expected exisitn g home sales figures set a bearish tone to the session, with the energy sector performing worst.

NYT pB9 "Shares Slide on Weakness in Energy" by Christine Hauser says stock prices fell sharly on Tues on renewed worries about the housing market and weakness in energy shares after the Obama admin said it would appeal a rulng by a fed judge blocking a moratorium on deep water drilling.

USA Today p4B "Faltering home sales weigh on stocks" by Bloomberg says stocks suffered their biggest loss in 3 weeks as home sales dropped and the S&P 500 Index slipped for a second day below chart levels monitored by analysts.

Tuesday's Dow Jones Industrial Average closing numerator was 1,362.03 down 19.7 from Monday's closing numerator of 1,381.73. 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 19.7 for Tuesday by the divisor (0.132319125) you get the decrease in Tuesday's Dow of 148.89. 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 $45.40 down .66 from Monday's Dow Jones Industrial Average average closing price of $46.06. The median closing price of Tuesday's Dow Jones Industrial Average was $40.14 down up 0.60 from Monday's median price of $40.74. The lowest volume was 3M MMM $80.03 -1.44 1.77% 3,059,599 NYSE and the highest volume again was Bank of America BAC $15.58 -0.21 1.33% 106,330,291 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 lost $1,980 ($138,180 - $136,200).

MarketWatch 6/22/10 Tues. 4:15 pm by Nick Godt Gibson says US stock finished Tuesday's session sharply lower as energy stocks sank after a federal judge struck the Obama administration's moratorium on deepwater drilling projects in the Gulf of Mexico. The Dow Jones Industrial Average (DJIA 10,294, -148.89, -1.43%) fell 148 points, or 1.4%, to end at 10,293.52. Out of the blue-chip average's 30 components, 27 ended lower, led by a 3.7% drop in shares of Alcoa Inc. (AA 11.32, +0.03, +0.27%) . Exxon Mobil Corp. (XOM 62.01, +0.07, +0.11%) fell 1.9% and Chevron Corp. (CVX 74.05, +0.05, +0.07%) dropped 2.3%. The S&P 500 index (SPX 1,095, -17.89, -1.61%) fell 17.89 points, or 1.6%, to 1,095.31, while the Nasdaq Composite (COMP 2,262, -27.29, -1.19%) lost 27.29 points, or 1.2%, to 2,261.80

AT&T T $25.36 -0.08 0.31% 25,518,391 NYSE: WSJ pB5 "AT&T, Verizon Battle Supply Issues" by Niraj Sheth, Sara Silver says AT&T said it won't have any of the new iPhones available until 5 days after they go on sale Thurs, as supply issues continue to complicate the launch fo the popular Apple phone Verizon Wireless's top phone, the Droid incredible, is also on backorder. The new iPHone 4 will be available Thurs at Apple Stores as well as Best Buy, WalMart, and Radio Shack.

Alcoa AA $11.29 -0.43 3.67% 30,852,709 NYSE: WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one xpectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

Amex AXP $41.94 -0.66 1.55% 9,634,136 NYSE: No mentions found.

Bank of Am BAC $15.58 -0.21 1.33% 106,330,291 NYSE: wsj Pb5 "Hackers Aren't Only Threat to Privacy" by Ben Worthen says a Bank of America employee recenlty pleaded guilty to charges that he stole and tried to sell account info of high worth customers.

Boeing BA $66.28 -1.69 2.49% 4,123,072 NYSE: USA Today p3B "Cracks in wing supports found" by Dan Reed says that discovery during routine checks in American Airlines Boeing 767 jets found cracks int he parts that secure engines to the wings of three jets could lead to more inspections.

Caterpillar CAT $64.11 -1.96 3% NYSE: WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one expectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

Chevron CVX $74 -1.72 2.27% 10,317,569 NYSE: WSJ pC1 "Late Decline Drains 148.89 From the Dow" by Peter McKay says stocks succumbed to a late day selloff as weak housing data and a sldie in energy stocks drove the broader market lower, led by declines in Chevron of 2.3% and a 1.9% in Exxon Mobil.

WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one xpectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

CSCO $22.97 -0.37 1.59% 41,368,067 NASDAQ-GS: No mentions found.

Coke KO $52.46 -0.02 0.04% 10,277,584 NYSE: No mentions found.

DIS $34.35 -0.71 2.03% 9,556,148 NYSE: WSJ pB1 "disney World's New thrill Ride: Selling Luxury Vacation Homes" by Juliet Chung says dis plans to unveil Wed its first foray into residential real esate in more than a decade with a price vacation home development in Fla's Disney World with homes costing between $1.5 mil and $8 mil.

DuPont DD $37.45 -0.86 2.24% 6,343,364 NYSE: No mentions found.

Exxon XOM $61.94 -1.19 1.88% 25,633,851 NYSE: WSJ pC1 "Late Decline Drains 148.89 From the Dow" by Peter McKay says stocks succumbed to a late day selloff as weak housing data and a sldie in energy stocks drove the broader market lower, led by declines in Chevron of 2.3% and a 1.9% in Exxon Mobil.

WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one xpectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

GE $15.79 -0.31 1.93% 63,805,452 NYSE: WSJ pB2 "comcast rivals Flood FCC with Requests" by Amy Schatz, Sam Schechner says Comcast Crp. rivals and business partners flooded the FCC Mon night with suggested requirements to impose on comcast before approving its takeover of GE's NBC Universal media unit, including terms that could alter the online video marketplace.

Hewlett-Packard HPQ $46.77 -0.74 1.56% 13,072,843 NYSE: No mentions found.

Home Depot HD $30.61 -0.82 2.61% 22,792,931 NYSE: WSJ pC5 "Court Battle Bruises Oil Stocks" by Donna Yesalavich says energy stocks led US stocks broadly lower after the White House vowed to appeal a judge's decision to block the six month moratorium on new deepwater drilling projects. Alcoa was the dow's worst perform with a drop of 3.7% while Caterpillar declined 3% and Home Depot fell 2.6% hurt by an unexpected drop in existing home sales. Chevron and Exxon dropped as the energy sector slumped one xpectations of legal wrangling between the industry and the Obama admin over the deep water drilling moratorium. a fed judge in La. Tues ruled against the ban, but the White House responded by saying it would immediately appeal the injunction.

Intel INTC $20.98 -0.21 0.99% 58,278,143 NASDAQ-GS: USA Today pB3 "Intel & FTC work on antitrust deal" by Joel Schectman, AP says Intel and FCC are in talks to settle an antitrust case against Intel that accuses it of making exclusive deals with PC makers that kepts prices for chips artificially high.

IBM $129.3 -1.35 1.03% 5,951,244 NYSE: No mentions found.

JPMorgan JPM $38.33 -0.54 1.39% 41,452,053 NYSE: Fin Times p13 "JPMorgan shake up shapes race for top job" by Francesco Guerrera, Justin Baer, WSJ pC3 "JPMoran Shuffles Ranks" by Robin Side & NYT pB1 "JPorgan Sets Sights Overseas" by Eric Dash l say JPM shuffled top ranks for the second time in 9 months, moving a successor to CEO Jamie Dimon, Michael Cavanagh, now CFO, to run JPM's reasury and securities business.

Johnson & Johnson JNJ $59.16 +0.03 0.05% 13,601,496 NYSE: WSJ pB6 "Johnson & Johnson Buys Into diabetes Drug", AJC pA2 "J&J to Partner for new Drugs" say JNJ will form partnerships with firms in Sweden and Cal. to market new drugs to find diabetes 1 and 2. It will pay $625 mil to comercialize a type 1 diabetes drug created by Sweden's Diamyd Medical AB.

Kraft KFT $29.36 -0.58 1.94% 11,069,786 NYSE: No mentions found.

McDonald's MCD $68.64 -1.28 1.83% 5,408,461 NYSE: No mentions found.

Merck MRK $35.13 +0.01 0.03% 16,160,872 NYSE: No mentions found.

MSFT $25.77 -0.18 0.69% 55,248,154 NASDAQ-GS: WSJ pB 4 "Videogames Rise to New Level" by Yukari Iwatani Kane, Daisuke Wakabayashi says Ubisoft Entertainment SA has a new game "Your Shape Fitness Evolved" that lets people play workout games with a virtual personal trainer using Microsoft's Kinect unit which captures movement.

Pfizer PFE $14.97 -0.13 0.86% 43,115,379 NYSE: No mentions found.

Procter & Gamble PG $60.72 -0.38 0.62% 11,982,600 NYSE: WSJ pB6 P&G Targets India for Expandsion" by Anjali Gordeiro says Procter & Gamble is cutting prices on shampoo, Pantene, to increase Indian sales.

3M MMM $80.03 -1.44 1.77% 3,059,599 NYSE: No mentions found.

Travelers TRV $51.01 -0.16 0.31% 3,788,487 NYSE: No mentions found.

United Tech UTX $67.99 -1.38 1.99% 4,142,809 NYSE: No mentions found.

Verizon VZ $29.06 unch unch 14,601,766 Dual Listed: WSJ pB5 "AT&T, Verizon Battle Supply Issues" by Niraj Sheth, Sara Silver says AT&T said it won't have any of the new iPhones available until 5 days after they go on sale Thurs, as supply issues continue to complicate the launch fo the popular Apple phone Verizon Wireless's top phone, the Droid incredible, is also on backorder. The new iPHone 4 will be available Thurs at Apple Stores as well as Best Buy, WalMart, and Radio Shack.

WalMart WMT $50.68 -0.34 0.67% 13,553,299 NYSE: Fin Times p1 "WalMart Shift" says Walmart has agreed to use only unionized construction workers on projects in Chicago in a bid to overcome political opposition that has blocked its plans to expand there.

WSJ pB5 "AT&T, Verizon Battle Supply Issues" by Niraj Sheth, Sara Silver says AT&T said it won't have any of the new iPhones available until 5 days after they go on sale Thurs, as supply issues continue to complicate the launch fo the popular Apple phone Verizon Wireless's top phone, the Droid incredible, is also on backorder. The new iPHone 4 will be available Thurs at Apple Stores as well as Best Buy, WalMart, and Radio Shack.
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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.

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

4/27/10 10Q

ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders

5/6/10 10Q

GE: 5/7/10 8K to update fin'l info from form 10K

5/7/10 10Q

Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.

5/18/10 8K re: 2Qtr results

Home Depot HD: 6/3/10 10Q

5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.

5/18/10 8K re: results for quarter ended 5/2/10

Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.

5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.

5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.

5/3/10 10Q

IBM: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.

4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10

4/27/10 10Q

JPMorganChase JPM: 6/3/10 Rule 424 Prospectus

5/26/10 8K re: Washington Mutual Litigations.

5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders

5/10/10 10Q

Johnson & Johnson JNJ : 5/10/10 10 Q

Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders

5/7/10 10Q

McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting

5/17/10 additional proxy materials

5/11/10 8K re: press release re: April and year to date '10 sales.

5/6/10 10Q

Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.

5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing

5/7/10 10Q

Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.

Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.

5/13/10 10Q

5/4/10 8K re: 1Qtr results

4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10

Procter & Gamble PG: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.

4/30/10 10Q

3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.

5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.

5/5/10 10Q

Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders

4/23/10 10Q

United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.

4/26/10 10Q

Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.

5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.

4/28/10 10Q

WalMart WMT: 6/14/10 10Q.

5/18/10 8K reconciliation of non-GAP measures.