8/15/10 Sun/Sat Barron's Likes Coke, Disney and IBM

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Post No. 588. 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 7/25/10 and an update of the Dow 30 component's SEC filings as of 7/25/10.

A read of Monday's issue of Barron's (8/16/10) & Saturday's issues of Wall St. Journal, Financial Times,& Sat/Sun New York Times & Sat/Sun Atlanta Journal Constitution 8/13-19/10 Atlanta Business Chronicle 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 Jones Industrial Average The Dow Jones Industrial Average closed Friday at 10,303.15 down 16.8 or 0.16% from Thursday's close of 10,319.95. For the week the Dow was down 350.41 or 3.29% from last Friday's close of 10,653.56. For the year the Dow is down 1.2%. Of the 30 Dow Companies: 9 gained and 21 declined. The biggest gainer dollar-wise was Caterpillar CAT $68.08 +0.58 0.86% 5,813,185 NYSE and percentage-wise was Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 NYSE. The biggest decliner dollar-wise was DuPont DD $40.28 -0.49 1.2% 3,826,862 NYSE and percentage-wise was Intel INTC $19.205 +0.245 1.26% 50,885,468 NASDAQ-GS.

WSJ pB1 "DJIA slides 3.3% on week as outlook sours" by Jonathan Cheng says stocks limped to a small loss on Fri., capping a rough week that has sent the ajor indexes back into the red for the year on renewed concerns over the economic recovery. The Dow fell 16.80 points, or 0.16%a to 10,203.15 on thin volumes, extending a 4 day slide that has seen the Dow fall 3.3% this week. The Nasdaq Composite tumbled 5% as bad news dragged on Hewlett-Packard and Cisco Systems.

WSJ pB2 "Intel, DuPont pace Dow drop" by Donna Yesalavich says stocks fell slightly Fri. with Intel, DuPont and Home Depot among the decliners in the final session of the market's worst week since early July. Intel was the Dow's worst performer with a decline of 30 points, DuPont slipped 45 cents and Home Depot eased 30 cents.

Sat. NYT pB7 "Shares fall again as the recovery looks listless" by Christine Hauser says stocks fell for a 4th straight day Fri after new economic statistics reinforced a picture of a sluggish recovery in the US. The economic reports, on business inventories, retail sales and the Consumer Price Index, were in much the same vein as those that Wall St. had been seeing throughout the week, including trade deficit figures that raised the likelihood that the estimate for 2Q growth of 2.4% would be revised sharply lower.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.89 down from Friday's 13.94 (year ago it was 15.06) the P/E estimate is 12.49 down from Friday's 12.49 (year ago it was 14.65) and the current dividend yield is 2.71 unchanged from Friday's 2.71 (it was 3.04 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 1,361.35 down 2.09 from Thursday's closing numerator of 1,363.56. 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 2.09 for Friday by the divisor (0.132129493) you get the decrease in Friday's Dow of 16.8. 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 $45.38 down $0.07 from Thursday's Dow Jones Industrial Average average closing price of $45.45. The median closing price of Friday's Dow Jones Industrial Average was $39.68 down $0.30 from Thursday's median price of $39.98. The lowest volume was 3M MMM $83.95 -0.06 0.07% 1,700,344 NYSE and the highest volume again was Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 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 $221 ($136,356 - $136,135).

MarketWatch 8/13/10 Fri. 4:22 pm by Nick Godt says U.S. stocks finished lower on Friday and posted heavy losses for a week that saw major averages again turn negative for the year as concerns about economic growth returned to the fore. On Friday, the Dow Jones Industrial Average (DJIA 10,303, -16.80, -0.16%) fell 16.80 points, or 0.2%, to end at 10,303.15, weighed down by more than 1% drops in shares of Home Depot (HD 27.30, -0.01, -0.04%) , Intel (INTC 19.19, +0.04, +0.21%) , and American Express (AXP 41.73, -0.03, -0.07%) . For the week, the Dow industrials slumped 3.3%, and is now down 1.2% year to date. The S&P 500 index (SPX 1,079, -4.36, -0.40%) lost 4.36 points, or 0.4%, to 1,079.25, weighed by the consumer discretionary sector. For the week, the S&P 500 is off 3.8%, leading the broad-market gauge to lose 3.2% for the year. The Nasdaq Composite (COMP 2,173, -16.79, -0.77%) fell 16.79 points, or 0.8%, to 2,173.48. The tech-heavy index fell the hardest of the three major averages this week, losing 5%. For the year so far, the Nasdaq is now down 4.2%.

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

AT&T T $26.71 +0.05 0.19% 19,828,603 NYSE: Barron's p12 "Week in Preview" says Google & Verizon endorsed a two-tier system for Internet broadband traffic while backing limited rules for wireless Web access which contrasts with the Obama admin's "net neutrality" rules.

Atlanta Business Chronicle has a picture of Ralph de la Vega, pres and CEO of AT&T Mobility and Consumer Markets at an awards ceremony in Atlanta.

Alcoa AA $10.62 -0.1095 1.02% 13,855,664 NYSE: No mentions found.

American Express AXP $41.79 -0.36 0.85% 5,227,588 NYSE: No mentions found.

Bank of America BAC $13.23 +0.1675 1.28% 106,876,646 NYSE: No mentions found.

Boeing BA $64.9 +0.20 0.31% 2,984,386 NYSE: No mentions found.

Caterpillar CAT $68.08 +0.58 0.86% 5,813,185 NYSE: Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.

Chevron CVX $77.3565 +0.2865 0.37% 5,712,203 NYSE: Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.

Cisco CSCO $21.37 +0.01 0.05% 62,977,769 NASDAQ-GS: Barron's pM2 "Cisco is charted saying a cautious outlook overshadowed the 27% sales gain reported by it for its June quarter. Sales will flatten in the Sept. quarter.

Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.

WSJ pB1 "DJIA slides 3.3% on week as outlook sours" by Jonathan Cheng says stocks limped to a small loss on Fri., capping a rough week that has sent the ajor indexes back into the red for the year on renewed concerns over the economic recovery. The Dow fell 16.80 points, or 0.16%a to 10,203.15 on thin volumes, extending a 4 day slide that has seen the Dow fall 3.3% this week. The Nasdaq Composite tumbled 5% as bad news dragged on Hewlett-Packard and Cisco Systems.

Coca-Cola KO $55.75 +0.06 0.11% 6,365,730 NYSE: Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, Coca-Cola and Disney. If the economy grows, that's good for Disney.

Atlanta Business Chronicle p12A "Ga public companies earnings" says Coca-Cola earned $2.4 bil int eh most recent quarter up from $2 bil same quarter last year.

Disney DIS $33.6 -0.39 1.15% 9,543,297 NYSE: Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, Coca-Cola and Disney. If the economy grows, that's good for Disney.

Barron's p29 "Plugged in" by mark Veverka says Steve Jobs could make a content acquisition, given his positive experience with Pixar and his board post at Disney.

DuPont DD $40.28 -0.49 1.2% 3,826,862 NYSE: WSJ pB2 "Intel, DuPont pace Dow drop" by Donna Yesalavich says stocks fell slightly Fri. with Intel, DuPont and Home Depot among the decliners in the final session of the market's worst week since early July. Intel was the Dow's worst performer with a decline of 30 points, DuPont slipped 45 cents and Home Depot eased 30 cents.

ExxonMobil XOM $59.93 -0.30 0.5% 10,900,229 NYSE: No mentions found.

GE $15.385 -0.11 0.71% 33,106,748 NYSE: No mentions found.

Hewlett-Packard HPQ $40.5284 +0.3884 0.97% 26,716,521 NYSE: Fin Times p1 "Loophole pressure on HP brings Hurd severance pay near $40 mil" by Richard Waters says a loophole in Mark Hurd's contract made it hard for Hewlett-Packard to dismiss him outright and added to pressure on the board to give him severance pay which could be worth nearly $0 mil despite his admission of ethical lapses.

Sat. NYT pB1 "Real reason for ousting HP's chief" by Joe Nocera says 4 years ago Hewlett-Packard leapt past IBM in rev, making it the nation's biggest tech firm. Its average annual 18% profit increases were remarkable given the firm's mammoth size and the stock price more than doubled on Hurd's watch. The real reason Hewlett-Packard got rid of Hurd according to this story is the Board didn't trust him and employees didn't like him.

Barron's p7 "Bears watching" by Alan Abelson says the outsting of Mark Hurd was strange and thinks there is some mystery as to what Hurd and Jodie Fisher were really up to if there was no sex involved.

Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.

Barron's p12 "Last week review" quotes Oracle CEO Larry Ellison, a close friend of ousted HP CEO Marks Hurd as saying the decision to fire Hurd was the worst decision since the idiots on Apple board fired Steve Jobs."

AJC pA11 "Shareholders file suit against Hewlett-Packard" says Hewlett-Packard was hit with a derivative lawsuit over CEO Mark Hurd's ouster.

WSJ pB1 "DJIA slides 3.3% on week as outlook sours" by Jonathan Cheng says stocks limped to a small loss on Fri., capping a rough week that has sent the ajor indexes back into the red for the year on renewed concerns over the economic recovery. The Dow fell 16.80 points, or 0.16%a to 10,203.15 on thin volumes, extending a 4 day slide that has seen the Dow fall 3.3% this week. The Nasdaq Composite tumbled 5% as bad news dragged on Hewlett-Packard and Cisco Systems.

Home Depot HD $27.32 -0.29 1.05% 7,664,885 NYSE: Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.

WSJ pB2 "Intel, DuPont pace Dow drop" by Donna Yesalavich says stocks fell slightly Fri. with Intel, DuPont and Home Depot among the decliners in the final session of the market's worst week since early July. Intel was the Dow's worst performer with a decline of 30 points, DuPont slipped 45 cents and Home Depot eased 30 cents.

Intel INTC $19.205 +0.245 1.26% 50,885,468 NASDAQ-GS: Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.

Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.

WSJ pB2 "Intel, DuPont pace Dow drop" by Donna Yesalavich says stocks fell slightly Fri. with Intel, DuPont and Home Depot among the decliners in the final session of the market's worst week since early July. Intel was the Dow's worst performer with a decline of 30 points, DuPont slipped 45 cents and Home Depot eased 30 cents.

IBM $127.86 +0.44 0.34% 3,909,264 NYSE: Barron's p34 "Keeping the equity faith" by Lawrence C. Strauss is an interview with Morris Mark, Founder & Pres. of Mark Asset Management. Mark says the market is overlooking that you can buy quality today at no premium and gives examples of this as Google, IBM, coca-Cola and Disney. If the economy grows, that's good for Disney.

WSJ pB2 "Unica surges . . ." by Steven Russolillo says IBM agreed to acquire Waltham, Mass. marketing software company Unica for $480 mil, a move IBM hopes will help custoemrs build better targeted marketing campaigns.

WSJ pB5 "IBM to acquire Unica in $480 mil deal" by Adam Cancryn, AJC pA11 "IBM to pruchase Unica for $480 mil" say IBM will buy marketing services firm Unica corp. in a $480 mil deal that would give IBM more tools to meet its customers' growing demand for targeted advertising. It expands IBM's software business, its most profitable div and the main focus of a $20 bil acquisition spree for IBM over the past few years.

Barron's p11 "Bonds sneeze, but is it contagious?" by Michael Santoli says corporate America has been availing itself of the public's willingness to lend, as the widely noted IBM sale of 3 year notes at a 1% rate attests. The percentage of new corp capital issuance in the form of equity is near a 20 year low. History suggests that what firms are most eager to sell isn't the best buy, and vice versa.

WSJ pB1 "Oracle's Java suit gives jolt" by Cari Tuna says Oracle's legal action vs. Google reverberated through Silicon Valley, prompting fears that court battles over Java software may spread beyond cellphones to other tech sectors. the suit filed by Oracle Thurs. alleges Google infringed patents and copyrights through its use of Java software in Android, the free Google operating system that has become a hit in the latest smartphones. the suit seeks damages and an injunction. One of the most prominent java backers is IBM. Java controls IBM's oxygen supply and there will be a big dust up between Oracle and IBM.

WSJ pB9 "Corporate bond rally killers" by Ben Levisohn says investors are fleeing to the safety of investment grade corporate bonds but they may not be as safe as pople think. In '10, investors have plowed $87 bil into corp bond mutual funds, more than twice the next highest asset class. Johnson & Johnson, IBM and Mcdonald's have recently issued new debt at record low yields. Yields move in the opposite direction of price. The flurry has sent investment grade corp bonds soaring 7.1% this year, versus a 2.3% loss fo the S&P 5000.

J.P.Morgan Chase JPM $37.56 +0.25 0.66% 20,468,555 NYSE: No mentions found.

Johnson & Johnson JNJ $58.17 +0.35 0.6% 7,116,690 NYSE: Barron's p25 "The power of payouts" by Dimitra DeFotis says that history shows that shares of firms making major investments in dividends outperform those that make big stock repurchases. He has a lists of stocks that trade below the market's multiple, boast juicy and growing yields, and pay out less than 50% of their profits in annual dividends and includes: Chevron, Johnson & Johnson, and Intel.

WSJ pB9 "corporate bond rally killers" by Ben Levisohn says investors are fleeing to the safety of investment grade corporate bonds but they may not be as safe as pople think. In '10, investors have plowed $87 bil into corp bond mutual funds, more than twice the next highest asset class. Johnson & Johnson, IBM and McDonald's have recently issued new debt at record low yields. Yields move in the opposite direction of price. The flurry has sent investment grade corp bonds soaring 7.1% this year, versus a 2.3% loss fo the S&P 5000.

NYT pA1 "US broadens bribe inquiry into drug makers" by Gardiner Harris says a t least a dozen major drug and device makers are under investigation by fed prosecutors and securities regulators in a broadening bribery inquiry into whether the firms made illegal payments to doctors and health officials in foreign nations. Merck said it was cooperating with a federal investigation seeking information about the firm's activities in a number of nations. Johnson & Johnson said in a regulatory filing that it had voluntarily disclosed to fed agencies that firm subsidiaries abroad may have made improper payments in connection with the sale of medical devices in 2 countries.

Kraft KFT $29.495 +0.005 0.02% 3,940,097 NYSE: No mentions found.

McDonald's MCD $71.9195 +0.1405 0.19% 5,141,057 NYSE: WSJ pB9 "corporate bond rally killers" by Ben Levisohn says investors are fleeing to the safety of investment grade corporate bonds but they may not be as safe as pople think. In '10, investors have plowed $87 bil into corp bond mutual funds, more than twice the next highest asset class. Johnson & Johnson, IBM and Mcdonald's have recently issued new debt at record low yields. Yields move in the opposite direction of price. The flurry has sent investment grade corp bonds soaring 7.1% this year, versus a 2.3% loss fo the S&P 5000.

Merck MRK $35.01 +0.03 0.09% 6,538,472 NYSE: NYT pA1 "US broadens bribe inquiry into drug makers" by Gardiner Harris says a t least a dozen major drug and device makers are under investigation by fed prosecutors and securities regulators in a broadening bribery inquiry into whether the firms made illegal payments to doctors and health officials in foreign nations. Merck said it was cooperating with a federal investigation seeking information about the firm's activities in a number of nations. Johnson & Johnson said in a regulatory filing that it had voluntarily disclosed to fed agencies that firm subsidiaries abroad may have made improper payments in connection with the sale of medical devices in 2 countries.

Microsoft MSFT $24.43 +0.06 0.24% 40,088,916 NASDAQ-GS: Barron's pM12 says S&P Equity Research did a research report on Microsoft on 8/11 with a hold at $25.07 saying it lowered its rating from Buy as being concerned about a slowing global economy and only moderate growth of PC units sales after rising over 20% in the first half of the year.

Barron's p28 "Tech trader" by Eric J. Savitz says Cisco's CEO did the same thing in making disturbing comments that he did back in Nov. '07. Savitz says both Intel and Microsoft still look cheap although the stocks aren't likely to take flight without some better data points on PC demand.

WSJ pA9 "Google and the search for the future" is an interview by Holman W. Jenkins, Jr. with Eric Schmidt the CEO of Google. Schmidt says Google will do what Microsoft failed to do- make sure its every move is good for consumers and fair to competitors.

Pfizer PFE $16.1 +0.10 0.62% 27,114,497 NYSE: No mentions found.

Procter & Gamble PG $59.851 +0.139 0.23% 7,394,386 NYSE: No mentions found.

3M MMM $83.95 -0.06 0.07% 1,700,344 NYSE: No mentions found.

Travelers TRV $50.13 +0.50 1.01% 4,424,633 NYSE: No mentions found.

United Technologies UTX $70.63 +0.05 0.07% 1,995,533 NYSE: Barron's p21 "Cover Story - Totally in control" by Michael Santoli says Johnson Controls is greening the Empire Sate Building and investors' wallets as it is a promising play on an auto revival and a cleaner world. New technologies that automate termperature control, air flow, lighting, elevator operation and security are allowing firms such as Johnson Controls, United Technologies' Carrier division, Honeywell Int'l, and Siemens to create stable & nicely growing businesses in this largely invisible role. Johnson Controls has also been increasing its shipments to Walmart for which it was recently named the sole supplier of car batteries.

Verizon VZ $29.9993 -0.3207 1.06% 12,914,952 Dual Listed: Barron's p12 "Week in Preview" says Google & Verizon endorsed a two-tier system for Internet broadband traffic while backing limited rules for wireless Web access which contrasts with the Obama admin's "net neutrality" rules.

Sat. NYT pA14 "The Google/Verizon payment plan" editorializes that the FCC's efforts to guarantee nondiscriminatory access to broadband Internet have met opposition form the firms that provide broadband service and from their allies in Congress. On Mon., Verizon and Google created a stir by jointly proposing an alternative set of rules as the basis for new legislation governing the Internet. The overall effect would be to dangerously limit the FCC's reach. The FCC should have an expanded role in regulating what is rapidly becoming the most important channel of communication in the world. The Google/Verizon proposal gives broadband providers lots of leeway to offer preferential treatment to some and to choke off others. It proposes to exempt wireless communication from most government regulation, a serious error.

WalMart WMT $50.45 +0.02 0.04% 9,001,616 NYSE: Barron's p13 "Week Preview" says on Tuesday WalMart reports 2Q earnings with estimates at 97 cents per share vs. year ago of 88 cents and that on Tuesday so does Home Depot .71 vs. .64 and on Thursday Hewlett-Packard reports 3Q earnings ($1.08 v 0.91). On Thursday 8/19, Caterpillar meets with analysts while Hewlett-Packard has an earnings call.

Barron's p21 "Cover Story - Totally in control" by Michael Santoli says Johnson Controls is greening the Empire Sate Building and investors' wallets as it is a promising play on an auto revival and a cleaner world. New technologies that automate termperature control, air flow, lighting, elevator operation and security are allowing firms such as Johnson Controls, United Technologies' Carrier division, Honeywell Int'l, and Siemens to create stable & nicely growing businesses in this largely invisible role. Johnson Controls has also been increasing its shipments to Walmart for which it was recently named the sole supplier of car batteries.

WSJ pB8 "What's ahead for Walmart's earnings, homebuilder confidence and the box office" says WalMart announces 2Q results on Tues. Last quarter it reported earnings per share of 88 cents.


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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers (San Jose, CA)
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 Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
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 7/25/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $280.5 [4.5]
2. Procter & Gamble PG 248 [4]
3. Microsoft MSFT 226 [9]
4. WalMart WMT 191.5 [3.5]
5. GE 168 [10.5]
6. IBM 164.5 [1]
7. Johnson & Johnson JNJ 159 [3]
8. JPMorgan Chase 158.5 [4]
9. AT&T 151 [6]
10. Chevron CVX 147.5 [2]
11. Bank of America BAC 138 [10]
12. Cisco CSCO 133.5 [6]
13. Coke KO 126.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Pfizer PFE 117.5 [8]
16. Merck MRK 109 [3]
17. Hewlett-Packard HPQ 108 [2.5]
18. Verizon VZ 79 [3]
19. McDonald's MCD 75 [1]
20. Disney DIS 67 [2]
21. United Technologies UTX 66 [1]
22. 3M MMM 61.5 [.5]
23. American Express AXP 54 [1]
24. Kraft KFT 51.5 [2]
25. Boeing BA 51.5 [1]
26. Home Depot 47.5 [1.5]
27. Caterpillar CAT 43.5 [.5]
28. DuPont DD 35 [1]
29. Travelers 25 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 7/25/10 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: 7/22/10 8K re: 2Q earnings

6/25/10 8K: re: amendments to employee compensation plans.

5/24/10 8K: re: sale of its Sterling Commerce subsidiary to IBM for $1.4 billion in cash.

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: 7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller

7/22/10 10Q

7/15 & 7/13/10 8K's relating to 2Q results

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

American Express AXP: 7/22/10 8K 2Q results

7/21/10 8K re: Personnel changes & Board of Dir. elections

7/15/10 8K Delinquency & write-off statistics through 6/30/10

6/15/10 8K re: delinquency statistics through 5/31/10.

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

Bank of Am BAC: 7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress

7/16/10 8K re: 2Q results

7/9/10 Free Writings Prospectuses

6/4/10 Free Writing Prospectuses

5/10/10 Rule 424(b) Prospectus

5/7/10 10-Q

Boeing BA: 6/10/10 8K re: election of Edward M. Liddy to Board of Dirs. & Audit & Fin. Committees. By-laws were amended to increase number of directors from 12 to 13.

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

Caterpiller CAT: 7/22/10 8K (two of them) dealing with 4Q results for period ending 6/30/10

7/22/10 8K: re: dealer statistics

6/18/10 8K re: dealer statistics.

6/17/10 8K re: plans to produce a full range of mining shovels and increase dump truck production.

6/11/10 8K re: as previously announced, Board elected Douglas R. Oberhelman as CEO effective 8/1/10.

6/11/10 8K re: results of 6/9 annual meeting of shareholders.

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: 7/12/10 8K re: updated on 2Q results

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.

Cisco CSCO 6/29/10 8K 6/29/10 10b5-1 re: stock trading plans adopted by insiders

5/26/10 10Q for quarter ending 5/1/10

Coke KO 7/21/10 8K re: 2Q results

Disney DIS 10Q for 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: 6/25/10 8K re: completion of its acquisition of XTO Energy Inc.

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

5/6/10 10Q

GE: 7/16/10 8K re: 2Q reports

6/16/10 8K re; election of James S. Tisch to Board of Directors. He is Pres. & CEO of Loew's.

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

5/7/10 10Q

Hewlett-Packard HPQ: 6/8/10 8K re: 10Q

6/1/10 10Q

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: 7/22/10 8K re: agreement with FTC to delay antitrust case while settlement talks continue.

7/16/10 8K re: Intel's interest in SMART Technologies Inc. which did an IPO.

7/14/10 8K re: CFO commenting on 2Q results.

7/13/10 8K re: 2Q results.

6/22/10 8K re: agreed upon suspension of FTC admin. proceedings while settlement discussions are held.

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.

IBM: 7/20/10 8K re: 2Q earnings presentation.

7/19/10 8K re: 2Q results ending 6/30/10.

JPMorganChase JPM: 7/22/10 8K re: completion of public offering of debt issues.

7/16/10 & 7/15/10 8Ks re: 2Q results

6/24/10 8K re: closing of sale of $1.25 bil of 3.40% Notes due '15.

6/24/10 8K re: election of Douglas L. Braunstein as CFO.

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 : 7/20/10 8K re: 2Q results ending 7/4/10

7/19/10 8K re: Bd of Dirs. election

7/12/10 K re: agreement to buy Micrus Endovascular.

5/10/10 10 Q

Kraft KFT: 5/21/10 8K: re voting

McDonalds MCD: 7/23/10 8K re: 2Q results ending 6/30/10

6/9/10 8K re: year to date sales figures

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

Merck MRK: 7/8/10 8K re: global restructuring program in conjunction with the integration of the Schering-Plough acquisition; reduction of work force by 15% & closing of plants and research sites.

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: 7/22/10 8K re: 4Q results ending 6/30/10.

6/18/10 8K re: sale of $1.25 bil of Zero Coupon Convertible Sr. Notes due '13 (and related 6/9 8K).

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: 7/13/10 8K re: declaration of quarterly dividend.

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

4/30/10 10Q

3M MMM: 7/22/10 8K re: 2Q results

6/28/10 8K re: projected sales range for 2Q '10.

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: 7/22/10 8K & 10Q

6/15/10 8K re: $1 bil 3 year revolving credit agreement.

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

4/23/10 10Q

United Technologies UTX: 7/21/10 8K re: 2Q results

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: 7/23/10 8K re: 2Q results ending 6/30/10

7/1/10 8K re: completion of acquisition of Frontier Communications Corp. and spin off of shares to VZ shareholders.

6/11/10 8K re: agreement with certain unions.

5/27/10 8K re: record date of 6/7/10 re: proposed spin off 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: 7/7/10 8K re: underwriting to the public of several series of notes.

7/2/10 8K re: departure of John E. Fleming EVP & Chief Merchandising Officer effective 8/1/10.

6/29/10 8K re: appointment of Eduwardo Castro-Wright as CEO fo global.com & William S. Simon as CEO of Walmart U.S.

6/9/10 8K re: results of 6/4 annual meeting of shareholders.

6/14/10 10Q.

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