Monday, June 7, 2010

6/7/10 Mon. pm Dow Closes 9,816.46 down 115.48 or 1.16%

www.DowJonesMonitor.com

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Post No. 470. 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 9,931.97 down 323.31 or 3.15% from Friday's close of 9,931.97. Of the 30 Dow Companies: 4 gained and 26 declined. The biggest gainer dollar-wise and percentage-wise was Merck MRK $33.31 +0.14 0.42% 14,130,990 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $55.83 -1.93 3.34% 8,907,089 NYSE and percentage-wise was Bank of America BAC $14.83 -0.52 3.39% 158,959,006 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 14.44 down from Friday's 14.91 (year ago it was 44.04) the P/E estimate is 12.36 down from Friday's 12.62 (year ago it was 25.00) and the current dividend yield is 2.78 up from Friday's 2.70 (it was 3.45 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 1,298.91 down 15.28 from Friday's closing numerator of 1,314.19. 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 15.28 for Monday by the divisor (0.132319125) you get the decrease in Monday's Dow of 115.48. 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 $43.30 down 0.51 from Friday's Dow Jones Industrial Average average closing price of $43.81. The median closing price of Monday's Dow Jones Industrial Average was $37.22 down 0.79 from Friday's median price of $38.01. The lowest volume was Travelers TRV $48.27 -0.34 0.7% 5,780,403 NYSE and the highest volume again was Bank of America BAC $14.83 -0.52 3.39% 158,959,006 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 $1,539 ($131,430 - $129,891).

MarketWatch Mon. 6/7/10 5:18 pm by Kate Gibson says U.S. stocks took a beating on Monday, with the Dow industrials slumping below the lows they hit during last month's "flash crash," as worries about the euro and global growth kept markets volatile. A report that U.S. consumer credit, excluding real-estate loans, rose by $1 billion in April also weighed on sentiment. After seesawing in a tight range, the major stock indexes pulled decisively lower in the final 30 minutes of trade. The Dow Jones Industrial Average (DJIA 9,816, -115.48, -1.16%) fell 115.48 points, or 1.2%, to end at 9,816.49, below the blue-chip average's May 6 low of 9,869. Bank of America Corp. (BAC 14.83, -0.52, -3.39%) was the heaviest weight among blue chips, its shares down 3.4% after the financial institution's Countrywide Financial unit agreed to pay $108 million to settle government allegations it misled and overcharged customers. The S&P 500 Index (SPX 1,050, -14.41, -1.35%) fell 14.41 points, or 1.4%, to 1,050.47, weighed down by a 2% drop in financials and a 1.9% drop in the technology sector. The Nasdaq Composite Index (COMP 2,174, -45.27, -2.04%) dropped 45.27 points, or 2%, to 2,173.90. For every stock on the rise nearly three were falling on the New York Stock Exchange, where 1.4 billion shares traded.
The Financial Crisis Inquiry Commission on Monday said it had subpoenaed documents from Goldman Sachs Group Inc. (GS 138.68, -3.57, -2.51%) after the investment bank failed to provide information in a timely manner. Goldman shares dropped 2.5%.
Bristol-Myers Squibb Co. (BMY 23.86, +1.42, +6.33%) rose 6.3% after Goldman Sachs hiked its rating on the drug manufacturer from neutral to buy. Shares of BP PLC (BP 36.76, -0.40, -1.08%) were off 1.1% after the Coast Guard said a containment cap is now collecting about 15,000 barrels of the oil in the Gulf of Mexico and Goldman Sachs pared its rating from buy to neutral on the oil giant, facing what the White House estimates are "many billions" in fines. The euro(CUR_EURUSD 1.1936, +0.0020, +0.1678%) pared earlier losses against the U.S. dollar, lately at $1.1916.
On the New York Mercantile Exchange, crude futures topped $71 a barrel while gold futures rallied $22.10 to end at $1,240.80 an ounce. Manufacturing activity increased in Germany in April for a second month as the euro slid against the U.S. dollar, making European goods less costly in global markets. Investor sentiment also brightened some as Hungarian officials backed away from comments about a possible default that shook nerves on Friday, pushing stocks to four-month lows. On Friday, stocks dropped sharply after the Labor Department's May employment report pointed to a slowdown in hiring in the private sector.

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


AT&T T $24.32 -0.15 0.62% 37,372,688 NYSE
Alcoa AA $10.51 -0.33 3.04% 28,362,867 NYSE
Amex AXP $37.71 -0.70 1.82% 11,257,269 NYSE
Bank of America BAC $14.83 -0.52 3.39% 158,959,006 NYSE
Boeing BA $60.11 -1.0425 1.7% 5,918,574 NYSE
Caterpillar CAT $55.83 -1.93 3.34% 8,907,089 NYSE
Chevron CVX $71.35 +0.07 0.1% 12,325,059 NYSE
CSCO $22.76 -0.195 0.85% 50,264,802 NASDAQ-GS
Coke KO $50.8 -0.47 0.92% 10,088,827 NYSE
Disney DIS $33.04 -0.65 1.93% 14,577,624 NYSE
DuPont DD $34.09 -0.32 0.93% 8,114,027 NYSE
Exxon XOM $59.3 -0.225 0.38% 28,391,757 NYSE
GE $15.41 -0.30 1.91% 73,216,071 NYSE
Hewlett-Packard HPQ $45.2375 -0.8125 1.76% 15,493,158 NYSE
Home Depot HD $31.55 -0.60 1.87% 20,854,700 NYSE
Intel INTC $20.3075 -0.6375 3.04% 65,435,177 NASDAQ-GS
IBM $124.13 -1.15 0.92% 6,951,325 NYSE
JPMorgan JPM $36.72 -0.90 2.39% 44,528,215 NYSE
Johnson & John JNJ $58 -0.01 0.02% 13,844,130 NYSE
KFT $28.32 -0.19 0.67% 11,341,799 NYSE
McDonalds MCD $66.75 -0.05 0.07% 9,808,876 NYSE
Merck MRK $33.31 +0.14 0.42% 14,130,990 NYSE
MSFT $25.29 +0.50 1.94% 80,456,154 NASDAQ-GS
Pfizer PFE $14.52 -0.235 1.59% 68,785,729 NYSE
Procter & Gamble PG $60.62 -0.18 0.3% 13,182,795 NYSE
MMM $74.74 -1.36 1.79% 5,947,801 NYSE
Travelers TRV $48.27 -0.34 0.7% 5,780,403 NYSE
United Tech UTX $63.22 -1.92 2.95% 8,310,661 NYSE
Verizon VZ $27.08 -0.13 0.48% 16,489,325 Dual Listed
WalMart WMT $50.74 +0.34 0.67% 19,501,312 NYSE

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The following are excerpts from Mon. morning's Blog.

A read of Monday's Wall St. Journal, Financial Times, New York Times, Atlanta Journal Constitution & 6/7/10 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 9,931.97 down 323.31 or 3.15% from Thursday's close of 10,255.28. For the year the Dow is down 4.65%. For the week the Dow was down 204.66 or 2.01% from last Friday's close of 10,136.63. Of the 30 Dow Companies: all 30 declined. The biggest decliner dollar-wise was Boeing BA $61.1525 -3.1575 4.91% 8,060,166 NYSE and percentage-wise was Caterpillar CAT $57.76 -3.35 5.48% 10,109,432 NYSE.

Friday's Dow Jones Industrial Average closing numerator was 1,314.19 down 42.78 from Thursday's closing numerator of 1,356.97. 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 42.78 for Friday by the divisor (0.132319125) you get the decrease in Friday's Dow of 323.31. 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 $43.81 1.42 from Thursday's Dow Jones Industrial Average average closing price of $45.23. The median closing price of Friday's Dow Jones Industrial Average was $38.01 down 1.81 from Thursday's median price of $39.82. The lowest volume was Travelers TRV $48.61 -1.11 2.23% 6,141,242 NYSE and the highest volume again was Bank of America BAC $15.35 -0.46 2.91% 144,907,877 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 lost $4,260made $ ($135,690 - $131,430).

MarketWatch Fri. 6/4/10 4:14 pm by Nick Godt says U.S. stocks finished sharply lower on Friday, with the Dow industrials sliding below the 10,000 mark as a disappointing U.S. jobs report and worries about Hungary's finances rekindled worries about growth. The Dow Jones Industrial Average (DJIA 9,931, -324.06, -3.16%) fell 323 points, or 3.2%, to end at 9,931.97, its worst one-day drop since May 20. Cyclical blue-chip stocks such as Caterpillar Inc. (CAT 57.76, -3.35, -5.48%) , off 5.5%, and Alcoa Inc. (AA 10.84, -0.53, -4.66%) , down 4.7%, led the way lower. The S&P 500 (SPX 1,065, -37.95, -3.44%) fell 37.95 points, or 3.4%, to 1,064.88. Of the S&P's 10 sectors, industrials fell the hardest, off 4.6%, followed by financials and materials, both down 3.9%. The Nasdaq Composite (COMP 2,219, -83.86, -3.64%) fell 83.86 points, or 3.6%, to 2,219.17. For the week, the Dow fell 2%, the S&P was down 2.3%, and the Nasdaq dropped 1.7%

AT&T T $24.17 -0.63 2.54% 35,933,216 NYSE: WSJ pB1 "AT&T, Reliance in Early Talks" by Amol Sharma, Anupreeta Das, Spencer Ante, NYT pB6 "Reliance of India Approve Plan to Sell a 26% Stake" byheather Timons say India's Reliance Communications Ltd & AT&T have sounded out each other's interest about a potential deal in which AT&T would take a significant minority stake in the Indian cell phone firm. AT&T, the 2nd largest cellphone firm, with 87 mil subscribers, is looking at int'l expansion as the market at home becomes saturated.

WSJ pB5 "AT&T Wireless Shift Promises Boon to Cable" by Nat Worden says AT&T's decision to shift its wireless data pricing to a usage based model may have upset lovers of mobile mediam, but it is music ot the ears of cable execs. AT&T is the second alrgest US wireless carrier after Verizon Wireless.

NYT pB1 "As Unlimited Daa Plans Are challenged, App Develpers Worry" by Claire Miller, Brad Stone says AT&T's new pricing plans will app developers are worried it will lessen demand for the latest innovations.

Barron's "Last Week Review" says Hewlett-Packard plans to cut 9,000 jobs and revamp its computer services business to better compete with IBM. WalMart plans to add more than 500,00 employees in the next 5 years and would repurchase $15 bil of shares. AT&T said it would start charging new smartphone and iPad customers more money for heavy bandwidth use. The change could mean lower rates for those who use phones mainly for email, Web browsing and phone calls.

Alcoa AA $10.84 -0.53 4.66% 29,974,464 NYSE: No mentions found.

American Express AXP $38.41 -2.13 5.25% 13,237,302 NYSE: WSJ pB6 "Customer Service as a Growth Engine" by Dana Mattiolo says execs are payming more attention to customer service in an effort to increase sales & gain market share in the economic recovery. American Express is expanding a program aimed at getting agents to build better relationships with customers.

Bank of America BAC $15.35 -0.46 2.91% 144,907,877 NYSE: WSJ pC16 "Bank Valuations Just Can't Keep Up" by David Reilly says while bank earnings have bounced back from the worst days of the valuations, valuations of the 5 biggest banks, except for Goldman, all trade at or below book value.

Boeing BA $61.1525 -3.1575 4.91% 8,060,166 NYSE: NYT pB3 "Boeing Plans Bid on Presidential Helicopter Fleet" by Chris Drew says Boeing will bid to build a fleet of pres. helicopters, adding a major new player ot a project the Pentagon is tring to revive after Obama criticized it last year as contracting gone amok. The project could cost $13 bil for 28 helicopters.

USA Today p2B "Dreamliner to fly out of Houston" by Ben Mutzabaugh says Houston Bush Intercontinental Airport is set to beocme one of the world's first airports to land regular service on Boeing's 787 Dreamliner as Continental is the first airline to announce specific route plans for the 787 between Houston and Auckland, New Zealand on Nov. 16, 2011.

Barron's pM9 "Striking Price Options" by Steven Sears says investors shold sell Aug $70 calls against Boeing stock for $1.79 a contract because the higher the volatility the higher the premium and Boeing's stoc volatility is high. Theory is Boeing's stock won't go above $80 before Sept due to low 787 margins and low hance of multiple expansion in an up-cycle.

Caterpillar CAT $57.76 -3.35 5.48% 10,109,432 NYSE: No mentions found.

Chevron CVX $71.28 -2.63 3.56% 17,640,790 NYSE: No mentions found.

Cisco CSCO $22.955 -0.765 3.23% 59,440,210 NASDAQ-GS: Fin Times p14 "View from the top" is an interview with mark Hurd, CEO, of Hwelett-Packard, for the past 5 years. He says that since firms like Cisco, Oracle and HP are starting to compete far ore on each other's turf there will be consolidation. The firms will all compete against each otehr in the three categories of servers, storage and networking.

Coke KO $51.27 -1.48 2.81% 11,579,395 NYSE: No mentions found.

DuPont DD $34.41 -1.37 3.83% 8,277,034 NYSE: No mentions found.

Disney DIS $33.69 -1.02 2.94% 21,385,867 NYSE: No mentions found.

ExxonMobil XOM $59.525 -2.035 3.31% 43,869,833 NYSE: No mentions found.

GE $15.71 -0.74 4.5% 112,715,200 NYSE: WSJ pC14 "GE Capital to Halve com'l Real Estate" by Bob Sechler, Paul Glader says the head of GE Finance arm, Mike neal, said the firm aims to cut their commercial real estate holdings to $40 bil and to shift its composition more toward loans and away from ownership stakes.

Hewlett-Packard HPQ $46.05 -1.43 3.01% 18,232,218 NYSE: Fin Times p14 "View from the top" is an interview with mark Hurd, CEO, of Hwelett-Packard, for the past 5 years. He says that since firms like Cisco, Oracle and HP are starting to compete far ore on each other's turf there will be consolidation. The firms will all compete against each otehr in the three categories of servers, storage and networking.

NYT pB1 "Printing in a Smartphone Age" by Ashlee Vance says Hewlett-packard's new printers listen to hand held devices. Today HP will announce HP's latest attack on the printing market. HP will introduce a fleet of printers with Web access, their own email addresses and touch screens.

Barron's "Last Week Review" says Hewlett-Packard plans to cut 9,000 jobs and revamp its computer services business to better compete with IBM. WalMart plans to add more than 500,00 employees in the next 5 years and would repurchase $15 bil of shares. AT&T said it would start charging new smartphone and iPad customers more money for heavy bandwidth use. The change could mean lower rates for those who use phones mainly for email, Web browsing and phone calls.

Barron's p38 "Palm to Power HP Tablets" by Mark Veverka says Hewlett-Packard's plans for recently acquired handset maker, Palm, will include a rollout of tablet computers, smartphones and other wireless gadgets, based on Palm's mobile operating system, Web OS. Palm's Web OS is better for mobile computing than the Microsoft opeating system HP has been using.

Home Depot HD $32.15 -1.28 3.83% 19,694,651 NYSE: No mentions found.

Intel INTC $20.945 -0.955 4.36% 66,497,279 NASDAQ-GS: No mentions found.

IBM $125.28 -2.68 2.09% 9,384,744 NYSE: Barron's "Last Week Review" says Hewlett-Packard plans to cut 9,000 jobs and revamp its computer services business to better compete with IBM. WalMart plans to add more than 500,00 employees in the next 5 years and would repurchase $15 bil of shares. AT&T said it would start charging new smartphone and iPad customers more money for heavy bandwidth use. The change could mean lower rates for those who use phones mainly for email, Web browsing and phone calls.

JPMorgan Chase JPM $37.62 -1.48 3.79% 51,383,890 NYSE: WSJ pC3 ""Fates of the Affected" by Randall Smith says the Senate version of the fin'l reform bill would separate the derivatives units from the depot taking operations. JPMorgan Chase is the largest US derivatives dealer and it accounts for 8% of their total rev. The bill could shrink its earnings by 26%.

WSJ pC16 "Bank Valuations Just Can't Keep Up" by David Reilly says while bank earnings have bounced back from the worst days of the valuations, valuations of the 5 biggest banks, except for Goldman, all trade at or below book value.

Johnson & Johnson JNJ $58.01 -1.76 2.94% 21,221,999 NYSE: No mentions found.

Kraft KFT $28.51 -0.77 2.63% 11,562,536 NYSE: No mentions found.

McDonalds MCD $66.7 -1.15 1.69% 7,327,313 NYSE:

Merck MRK $33.17 -1.12 3.27% 17,736,294 NYSE:

Microsoft MSFT $25.79 -1.07 3.98% 88,308,275 NASDAQ-GS: WSJ pR7, Special Report on All Things Digital "Stil on Top" is an interview with Walt Mossberg and Steve Ballmer, ceo, of Microsoft. Related story at NYT pB6 "Microsoft Chief Bullish on PCs" by Miguel Helft.

Fin Times p7 "Spaces invader" by Richard Wates, Joseph Mennsays as Google moves further on to the territory of Apple and Microsoft, a clash of visions is developing that cold define the online experience for up to a decade. Microsoft is last on a number of fronts and are not competing well against Google. Google is phasing otu the use of the Windows oepating system among its own workers due to its vulnerability to hackers as well as its desire to prove that a large modern firm can run only on internet based software.

Barron's p37 "A Beehive of Buzz at a Top Tech Confab" by Eric Savitz says the 8th Annual All Tings Digital conference was held last week in Rancho Palos Verdes, Calif and Steve Balmer of Microsoft was there along with Steve Job and Mark Zuckerberg.

Barron's p38 "Palm to Power HP Tablets" by Mark Veverka says Hewlett-Packard's plans for recently acquired handset maker, Palm, will include a rollout of tablet computers, smartphones and other wireless gadgets, based on Palm's mobile operating system, Web OS. Palm's Web OS is better for mobile computing than the Microsoft opeating system HP has been using.

Pfizer PFE $14.755 -0.4775 3.13% 76,422,012 NYSE: No mentions found.

Procter & Gamble PG $60.8 -1 1.62% 17,449,846 NYSE: No mentions found.

3M MMM $76.1 -2.24 2.86% 7,967,806 NYSE: No mentions found.

Travelers TRV $48.61 -1.11 2.23% 6,141,242 NYSE: Barron's p21 "Can AIG Ante Up to Uncle Sam?" by Andrew Bary says AIG is riskier than other insurers such as MetLife, Travelers, Prudential all which trade around book value and for about 10 times estimated '10 profits.

United Technologies UTX $65.14 -2.71 3.99% 6,261,998 NYSE: No mentions found.

Verizon VZ $27.21 -0.43 1.56% 20,519,171 Dual Listed: WSJ pB5 "AT&T Wireless Shift Promises Boon to Cable" by Nat Worden says AT&T's decision to shift its wireless data pricing to a usage based model may have upset lovers of mobile mediam, but it is music ot the ears of cable execs. AT&T is the second alrgest US wireless carrier after Verizon Wireless.

Barron's p17 "Home on the Range" by Michael Santoli says Frontier provides wireline phone and broadband service to rural areas and is about to buy Verizon Communications' rural telecom assets, which will triple the size of the company.

WalMart WMT $50.4 -1.32 2.55% 23,649,120 NYSE: WSJ pA1 "Rival Chains Secretly Fud Opposition to WalMart" by Ann Zimmerman says in Mundelein, Ill, a grocery chain with 9 stores hired a consulting group to secretly run an antidevelopment campaign against a new Walmart Sueprcenter. As WalMart has grown into the largest gorcery seller in the US, similar attles have played out in hundreds of towns.

Barron's pM2 charts WalMart saying it approved a $15 bil stock buyback. Its shares are down more than 4% this year.

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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.

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.