7/2/10 Fri. am Disney Buys Tapulous, Maker of Music Game Aps

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Post No. 513. 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 Friday's Wall Street Journal, Financial Times, New York Times, USA Today, Georgia Daily Report & 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 Thursday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 9,732.53 down 41.49 or 0.42% from Wednesday's close of 9,774.02. For the year the Dow is down 6.67%. Of the 30 Dow Companies: 6 gained, Kraft was unchanged and 23 declined. The biggest gainer dollar-wise and percentage-wise was McDonalds MCD $66.71 +0.84 1.28% 10,923,031 NYSE. The biggest decliner dollar-wise was BAC $14.02 -0.35 2.44% 256,301,763 NYSE and percentage-wise was IBM $122.57 -0.91 0.74% 9,725,692 NYSE.

WSJ pC1 "DJIA sheds 41.40 points as jobs data loom large" by Peter McKay says disappointing US economic data fanned investors' fears about global growth, pushing stocks & commodities down ahead of a key payrolls report. Among the Dow's worst performers were Bank of America down 2.4%, General Elec shed 2.1% and Merck was down 1.5%.

WSJ pC5 "BofA, GE Fall: BJ's, Ford Gain" by Donna Yesalavich says stocks fell Thur, with Bank of America, GE and Intel among the decliners, as disappointing data on the US housing and job markets sparked concerns about the pace of the economic recovery. Bank of America was the Dow's worst performer and Intel dropped 1%.

Fin Times p20 "Downbeat economic figures undermine investor sentiment" by Masa Serdarevic says disappointing economic data that fueled concerns about the strength of the economic recovery sent US stocks lower yesterday, but some ground was recovered in the last second half of the trading day. JPMorgan's earnings estimate was lowered to 70 cents from 77 cents,s ending its shares down 1.3%.

NYT pB7 "Fear of a weak labor picture & further recession send shares lower" by Reuters says stocks fell Thurs as manufacturing and labor market data heightened fears of a double dip recession before Fri's crucial employment report.

USA Today p4B "Stock close at new lows for the year" by Bloomberg says US stocks fell for a 4th day Thurs., sending the S&P 500 to a 9 month low, as weaker than estimated data, on manufacturing and home sales fueled concern that the economic recovery is in peril.

As of the open of the market Friday, 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 14.15 down from Thursday's 14.21 (year ago it was 12.06) the P/E estimate is 12.60 unchanged from Thursday's 12.60 (year ago it was 13.38) and the current dividend yield is 2.85 up from Thursday's 2.84 (it was 3.46 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.

Thursday's Dow Jones Industrial Average closing numerator was 1,287.80 down 5.49 from Wednesday's closing numerator of 1293.29. 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 5.49 for Thursday by the divisor (0.132319125) you get the decrease in Thursday's Dow of 41.49. 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 Thursday's Dow Jones Industrial Average was $42.93 down 0.18 from Wednesday's Dow Jones Industrial Average average closing price of $43.11. The median closing price of Thursday's Dow Jones Industrial Average was $37.78 down $0.37 from Wednesday's median price of $38.15. The lowest volume was Travelers TRV $48.93 -0.32 0.65% 4,621,091 NYSE and the highest volume again was Bank of America BAC $14.02 -0.35 2.44% 256,301,763 NYSE.

If Thursday 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 $550 ($129,330 - $128,780).

MarketWatch 7/1/10 Thurs. 4:44 pm by Kate Gibson says U.S. stocks finished Thursday's volatile session off earlier lows but still well in the red after reports on joblessness, manufacturing and housing fueled concern about the economy ahead of the key monthly employment report Friday. In a down start to the third quarter, stocks tumbled after disappointing reports on the labor, housing and manufacturing sectors. Recovering from a 150-point drop, the Dow Jones Industrial Average (DJIA 9,733, -41.49, -0.42%) remained mired in a sixth consecutive session of losses to finish down 41.49 points, or 0.4%, to 9,732.53. The blue-chip average was weighed down by Bank of America Corp. (BAC 14.02, -0.35, -2.44%) , down 2.4%; General Electric Co. (GE 14.14, +0.02, +0.14%) , down 2.1%; and J.P. Morgan Chase & Co. (JPM 36.06, -0.02, -0.06%) , off 1.3%. Down more than 16% from its 2010 high at the end of April, the S&P 500 Index (SPX 1,027, -3.34, -0.32%) on Thursday fell to its lowest level since early September 2009. The broad market gauge ended down 3.34 points, or 0.3%, to 1,027.37. Health care fronted the losses that extended to eight of the index's 10 industry groups. Among the laggards, Coventry Health Care Inc. (CVH 17.19, -0.49, -2.77%) shares were down 2.8%, a day after the insurer said it would acquire Mercy Health Plans for an undisclosed sum. Consumer-discretionary companies fared the best, with Apollo Group Inc. (APOL 42.47, -0.87, -2.01%) up 2% after the for-profit educator late Wednesday reported better-than-expected results. The Nasdaq Composite Index (COMP 2,101, -7.88, -0.37%) dropped 7.88 points, or 0.4%, to 2,101.36. Decliners ran past advancers by 3 to 2 on the New York Stock Exchange, where 1.6 billion shares traded. The selling was widespread, with investors unloading commodities such as gold, which fell $39.20 to finish at $1,206.70 an ounce on the New York Mercantile Exchange. Read more about gold futures. "Sin stocks" are among the few winners in the U.S. stock market. Isle of Capri Casinos and firearms maker Smith & Wesson post gains after each company releases encouraging news. On Thursday, the government reported initial claims for jobless benefits climbed 13,000 last week to 472,000. Economists had expected claims to fall. Separately, the National Association of Realtors said its count of pending home sales declined to a new low in May after a flurry of buying to take advantage of a tax credit that expired at the end of April. The Institute for Supply Management reported its manufacturing index declined in June, though the industry trade group said the sector seemed to still be expanding. The soft economic data came in the wake of a downbeat second quarter for investors, and one day before the government's June employment report. The reports did nothing to "change the impression the economy is in a slow patch here," said Kelly of J.P. Morgan Funds, who believes the market's volatility is in large part due to an exodus of individual investors, leaving mostly hedge funds and others with shorter time frames. Yet individual investors increased their holdings of stocks in June, though still keeping a smaller percentage than average in equities, according to a survey released Thursday. The American Association of Individual Investors said its surveyed members held nearly 52% of assets in stocks and related funds last month, up 1.9 percentage points from May. The historical average is 60%, according to the AAII.

AT&T T $24.34 +0.15 0.62% 51,173,686 NYSE: No mentions found.

Alcoa AA $10.05 -0.01 0.1% 32,201,833 NYSE: No mentions found.

Amex AXP $39.48 -0.22 0.55% 8,739,322 NYSE: No mentions found.

Bank of Am BAC $14.02 -0.35 2.44% 256,301,763 NYSE: WSJ pC1 "DJIA sheds 41.40 points as jobs data loom large" by Peter McKay says disappointing US economic data fanned investors' fears about global growth, pushing stocks & commodities down ahead of a key payrolls report. Among the Dow's worst performers were Bank of America down 2.4%, General Elec shed 2.1% and Merck was down 1.5%.

WSJ pC5 "BofA, GE Fall: BJ's, Ford Gain" by Donna Yesalavich says stocks fell Thur, with Bank of America, GE and Intel among the decliners, as disappointing data on the US housing and job markets sparked concerns about the pace of the economic recovery. Bank of America was the Dow's worst performer and Intel dropped 1%.

Boeing BA $62.26 -0.49 0.78% 6,462,394 NYSE: WSJ pB8 "Boeing sets final design of streth jet" by Peter Sanders says Boeing finalized the basic design and capabilities of the stretch version of its new 787 Dreamliner. It will add 2 fuselage sections to the 787-9 with the first delivery of the plane expected in late '13.

Caterpillar CAT $59.97 -0.10 0.17% 11,590,987 NYSE: No mentions found.

Chevron CVX $67.48 -0.38 0.56% 16,332,445 NYSE: No mentions found.

CSCO $21.26 -0.05 0.23% 66,320,088 NASDAQ-GS: No mentions found.

Coke KO $50.03 -0.09 0.18% 13,010,790 NYSE: AJC pA14by Jeremiah McWilliams s "Coke has plans for NYC store" saysays Coke may build a large retail and tourist facility in part of a building it owns on the corner of 55th St. & 5th Ave, where a disney store was until early this year.

Disney DIS $31.49 -0.01 0.03% 19,902,345 NYSE: NYTpB4 "Disney buys Tapulous, Maker of music game applications" by Jenna Wortham says Disney bought Tapulous, a start-up firm that makes games for the iPhone, iPad & iPod Toch, is based in Palo Alto and is one of the more successful firms creating games for Apple's touch screen devices. Terms of the deal weren't disclosed.

DuPont DD $34.49 -0.10 0.29% 9,902,626 NYSE: No mentions found.

Exxon XOM $56.61 -0.46 0.81% 47,735,709 NYSE: No mentions found.

GE $14.12 -0.30 2.08% 106,920,102 NYSE: Fin Times p1 "GE chief accueses Cina of hostility" by Guy Dinmore, WSJ pB3 "GE Chief's Remarks show growing irritation with China" by Jennifer Clark, WSJ pC10 "Overheard" by Martin Peers say Jeff Immelt, GE's CEO says he was worried that "China doesn't want any of us to win or any of us to be successful."

WSJ pC1 "DJIA sheds 41.40 points as jobs data loom large" by Peter McKay says disappointing US economic data fanned investors' fears about global growth, pushing stocks & commodities down ahead of a key payrolls report. Among the Dow's worst performers were Bank of America down 2.4%, General Elec shed 2.1% and Merck was down 1.5%.

Hewlett-Packard HPQ $42.89 -0.39 0.9% 21,390,924 NYSE: No mentions found.

Home Depot HD $27.92 -0.15 0.53% 27,099,563 NYSE: No mentions found.

Intel INTC $19.25 -0.20 1.03% 88,278,564 NASDAQ-GS: WSJ pC5 "BofA, GE Fall: BJ's, Ford Gain" by Donna Yesalavich says stocks fell Thur, with Bank of America, GE and Intel among the decliners, as disappointing data on the US housing and job markets sparked concerns about the pace of the economic recovery. Bank of America was the Dow's worst performer and Intel dropped 1%.

IBM $122.57 -0.91 0.74% 9,725,692 NYSE: No mentions found.

JPMorgan JPM $36.08 -0.53 1.45% 56,585,022 NYSE: Fin Times p20 "Downbeat economic figures undermine investor sentiment" by Masa Serdarevic says disappointing economic data that fueled concerns about the strength of the economic recovery sent US stocks lower yesterday, but some ground was recovered in the last second half of the trading day. JPMorgan's earnings estimate was lowered to 70 cents from 77 cents,s ending its shares down 1.3%.

Johnson & John JNJ $59.07 +0.01 0.02% 17,964,548 NYSE: No mentions found.

KFT $28 unch unch 9,408,154 NYSE: No mentions found.

McDonalds MCD $66.71 +0.84 1.28% 10,923,031 NYSE: WSJ pB7 "Smoothie hype cools, for now" by Paul Ziobro says McDonald's is warning restaurants to chill out on smoothie promotions so the chain has adequate supply when the product is launched nationally this month.

MRK $34.44 - .53 1.52% 25,567,426 NYSE: WSJ pC1 "DJIA sheds 41.40 points as jobs data loom large" by Peter McKay says disappointing US economic data fanned investors' fears about global growth, pushing stocks & commodities down ahead of a key payrolls report. Among the Dow's worst performers were Bank of America down 2.4%, General Elec shed 2.1% and Merck was down 1.5%.

MSFT $23.16 +0.15 0.65% 92,202,221 NASDAQ-GS: No mentions found.

Pfizer PFE $14.23 -0.03 0.21% 67,859,927 NYSE: No mentions found.

Procter & Gamble PG $59.54 -0.44 0.73% 19,336,330 NYSE: No mentions found.

MMM $78.55 -0.44 0.56% 6,803,796 NYSE: No mentions found.

Travelers TRV $48.93 -0.32 0.65% 4,621,091 NYSE: No mentions found.

United Tech UTX $64.39 -0.52 0.8% 5,672,313 NYSE: No mentions found.

Verizon VZ $28.13 +0.11 0.39% 30,397,785 Dual Listed: No mentions found.

Walmart WMT $48.34 +0.27 0.56% 18,112,127 NYSE: No mentions found.

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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.