8/24/10 Tues pm Dow Closes 10,040.45 down 133.96 or 1.32%

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Post No. 603. 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 8/17/10 and an update of the Dow 30 component's SEC filings as of 8/17/10.

The Dow Jones Industrial Average closed Tuesday at 10,040.45 down 133.96 or 1.32% from Monday's close of 10,174.41. Of the 30 Dow Companies: 5 gained and 25 declined. The biggest gainer dollar-wise and percentage-wise was AT&T T $26.72 +0.23 0.87% 34,057,716 NYSE. The biggest decliner dollar-wise and percentage-wise was Boeing BA $60.93 -2.37 3.74% 9,881,487 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493, the trailing P/E ratio is 13.73 down from Monday's 13.78 (year ago it was 15.34) the P/E estimate is 12.36 unchanged from Monday's 12.36 (year ago it was 14.71) and the current dividend yield is 2.76 up from Monday's 2.74 (it was 3.02 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Tuesday's Dow Jones Industrial Average closing numerator was 1,326.64 down 17.7 from Monday's closing numerator of 1,344.34. 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 17.7 for Tuesday by the divisor (0.132129493) you get the decrease in Tuesday's Dow of 133.96. 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 $44.22 down 0.59 from Monday's Dow Jones Industrial Average average closing price of $44.81. The median closing price of Tuesday's Dow Jones Industrial Average was $37.89 down $0.66 from Monday's median price of $38.55. The lowest volume was Travelers TRV $49.26 -0.48 0.97% 3,783,090 NYSE and the highest volume again was Bank of America BAC $12.64 -0.23 1.79% 154,948,754 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 $1,77- ($134,434 - $132,664).

MarketWatch 8/24/10 Tues. 4:26 pm by Donna Yesalavich says U.S. stocks fell Tuesday, with Boeing, Alcoa and Caterpillar leading a broad slide as a record drop in U.S. existing-home sales added to investors' worries about the health of the economy. The Dow Jones Industrial Average dropped 133.96 points, or 1.32%, to 10040.45, its fourth-straight drop. The measure is now off 4.07% for the month and it is down 3.72% for the year. Boeing was the Dow's worst performer Tuesday with a decline of 2.37, or 3.7%, to 60.93, while Alcoa fell 31 cents, or 3%, to 10.06, and Caterpillar slipped 1.80, or 2.7%, to 65.04. The Nasdaq Composite shed 35.87, or 1.66%, to 2123.76. The Standard & Poor's 500 index lost 15.49, or 1.45%, to 1051.87, with its materials sector leading the drop. The declines followed the report of a 27.2% plunge in U.S. home resales in July to their lowest level in 15 years. The housing data represented the latest in a string of disappointing economic reports that have pointed to a weakening economy. The weak economic numbers have come despite a recent uptick in merger-and-acquisition activity, which would typically be seen as a sign of improving confidence in the economy. Amid the conflicting indicators, "people would rather be hoarding cash," said Seth Setrakian, partner and co-head of equity trading for First New York Securities, a proprietary trading firm. "It's the uncertainty of whether a double-dip is coming that's causing people to be like this. We're consistently being bombarded with negative economic data, which is highlighted by the housing data we saw today. Yet on the other hand, you're seeing these significant premiums paid in M&A deals."

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

AT&T T $26.72 +0.23 0.87% 34,057,716 NYSE
Alcoa AA $10.06 -0.31 2.99% 22,556,156 NYSE
Amex AXP $39.57 -0.63 1.57% 7,349,886 NYSE
Bank of Am BAC $12.64 -0.23 1.79% 154,948,754 NYSE
Boeing BA $60.93 -2.37 3.74% 9,881,487 NYSE
caterpillar CAT $65.04 -1.80 2.69% 9,595,244 NYSE
Chevron CVX $73.78 -1.27 1.69% 11,114,328 NYSE
CSCO $21.13 -0.55 2.54% 74,004,038 NASDAQ-GS
Coke KO $55.66 +0.06 0.11% 12,126,136 NYSE
Disney DIS $32.14 -0.79 2.4% 14,100,689 NYSE
DuPont DD $39.59 -0.78 1.93% 6,120,863 NYSE
Exxon XOM $58.94 -0.56 0.94% 25,466,457 NYSE
GE $14.57 -0.32 2.15% 89,272,502 NYSE
Hewlett-Packard HPQ $38.39 -0.65 1.66% 30,140,949 NYSE
Home Depot HD $27.78 -0.05 0.18% 16,534,180 NYSE
Intel INTC $18.405 -0.295 1.58% 74,639,303 NASDAQ-GS
IBM $124.9 -1.57 1.24% 5,553,899 NYSE
JPMorgan JPM $36.21 -0.67 1.82% 48,056,683 NYSE
JNJ $58.01 -0.86 1.46% 14,804,349 NYSE
KFT $29.29 +0.14 0.48% 14,228,391 NYSE
McDonald's MCD $72.72 -0.62 0.85% 5,771,316 NYSE
MRK $34.44 -0.53 1.52% 11,177,358 NYSE
MSFT $24.04 -0.24 0.99% 66,035,497 NASDAQ-GS
Pfizer PFE $15.82 -0.28 1.74% 50,208,990 NYSE
Procter & Gamble PG $59.66 -0.37 0.62% 13,642,375 NYSE
MMM $80.45 -0.63 0.78% 4,428,849 NYSE
Travelers TRV $49.26 -0.48 0.97% 3,783,090 NYSE
United Tech UTX $65.66 -1.56 2.32% 5,220,777 NYSE
Verizon VZ $29.47 +0.06 0.2% 18,248,733 Dual Listed
Walmart WMT $51.3 +0.16 0.31% 16,650,401 NYSE

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The following are excerpts from Tuesday morning's Blog.

A read of Tuesday's issues of Wall St. Journal, Financial Times, York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Monday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Monday at 10,174.41 down 39.21 or 0.38% from Friday's close of 10,213.62. For the year the Dow is down 2.43%. Of the 30 Dow Companies: 15 gained, Bank of America was unchanged and 14 declined. The biggest gainer dollar-wise wand percentage-wise was Walmart WMT $51.08 +0.86 1.71% 13,379,205 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $66.81 -2.05 2.98% 8,271,632 NYSE.

WSJ pC1 "Dow falls as Mon blues plague stocks" by Jonathan Cheng says stocks fell for a 3rd straight day as economic worries continued to weigh on investors' minds, overshadowing any excitement over a pickup in takeover activity. Oil fell below $73 a barrel, the dollar rose and investors bid up Treasurys, sending the yield on the 10 year note to 2.61%.

WSJ pC6 "Foster's rises 8.2% on a bid" by Donna Yesalavich says stocks fell Mon despite acquisition offers from firms including Hewlett-Packard as investors remained concerned about broad economic weakness. Hewlett-Packard is charted under bad news says it launched a bidding war for 3Par, making a $1.6 bi bid that tops Dell's. Caterpillar was the Dow's worst performer, off $2.02. Cisco declined 55 cents. Bank of America spent much of the day higher but closed flat as Fitch Ratings upgraded its preferred stock rating on Bank of Amer to investment grade, citing its efforts to boost common equity and liquidity as well as improving asset quality in its various loan portfolios.

Fin Times p22 "Techs surrender early gains from 3Par bid hopes" by Hannah Kuchler says US stocks gave up early gains after deal activity including Hewlett-Packard's bid for 3Par had helped buoy confidence at the opening of a quiet day for ceconomic news. 3M rose 0.5% after George Buckley, ceo, said it might spend about $2 bil on acquisitions in '10, twice as much as its previous forecast. Pfizer rose 1.1% after a study said patients should stick with Pfizer's cholesterol lowering drug Lipitor rather than witch to a generic alternative. Lipitor, the world's best selling drug, is due to lose patent protection next year. Merck jumped 1.5% after it filed a patent infringement lawsuit vs. Impax Labs which is seeking authorization to sell a copy of Merck's Vytorin.

NYT pB8 "As big deals percolate, pessimism hurts indexes" by AP says stocks slumped to a weak finish Mon as lingering worries about the economy overcame optimism from a fresh round of corp deal making. Stocks had an early lift after Hewlett-Packard bid 33% more than its rival Dell for a data storage provider, bu the gains faded quickly. HpQ shares fell 81 cents while 3Par umped $8.05 and Dell fell 13 cents.

USA Today p4B "Stock sldie continues for 3rd session" by Bloomberg says stocks fell for a 3rd straight session Mon, sending the S&P 5000 to a 5 week low, as concern the economy may return to recession overshadowed speculation takeovers wil accelerate. Hewlett-Packard tumbled 81 cents. Pfizer rose 18 cents pacing health care stocks. Switching to a generic cholesterol lowering drug from Pfizer's patented Lipitor raised heart disease rates, a study of Dutch patients found.

Monday's Dow Jones Industrial Average closing numerator was 1,344.34 down 6.18 from Friday's closing numerator of 1,349.52. 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 6.18 for Monday by the divisor (0.132129493) you get the decrease in Monday's Dow of 39.21. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $44.81 down 0.17 from Friday's Dow Jones Industrial Average average closing price of $44.98. The median closing price of Monday's Dow Jones Industrial Average was $38.55 down $0.43 from Friday's median price of $38.98. The lowest volume was 3M MMM $81.1864 +0.5264 0.65% 2,935,084 NYSE and the highest volume again was Bank of America BAC $12.87 unch unch 103,522,573 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 $$518 ($134,952 - $134,434).

MarketWatch 8/23/10 Mon. 4:15 pm by Nick Godt Gibson says U.S. stocks ended lower on Monday, with the Dow Jones Industrial Average falling for the third consecutive session as ongoing worries about the slowdown in the economy offset a spate of M&A deals. The Dow industrials (DJIA 10,174, -39.21, -0.38%) fell 39.21 points, or 0.4%, to end at 10,174.41, weighed down by a 2% drop in shares of Hewlett-Packard Co. (HPQ 39.90, +0.86, +2.20%) . The computer-maker offered to buy data-storage firm 3Par Inc. (PAR 25.80, -0.29, -1.11%) for $1.6 billion, 33% more than the offer from rival Dell Inc. (DELL 12.09, +0.15, +1.21%) . The S&P 500 index /(SPX 1,067, -4.33, -0.40%) dropped 4.33 points, or 0.4%, to end at 1,067.36, weighed down by its industrials and materials sectors. Both the Dow industrials and the S&P 500 are down for the third consecutive session and have fallen over the past two weeks. The Nasdaq Composite (COMP 2,160, -20.13, -0.92%) lost 20.13 points, or 0.9%, to end at 2,159.63

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

At&T T $26.52 +0.07 0.26% 21,734,802 NYSE: Daily Report "Galaxy S is a reasonable alternative ti iPhone, Droid" by Rich Jaroslovsky says N. Korea's Samsun's new line of Andorid phones, Galaxy S, is showing up under different names on all 4 of the major US carriers, Sprint Nextel, AT&t, T-Mobile and Verizon Wireless, as well as the smaller US Cellular and Cellular South networks. AT&T's is called Captivate. Atuhor found them to reasonable alternatives to the sexier, and pricier, iPhones and Droids.

Alcoa AA $10.38 -0.19 1.8% 14,457,467 NYSE: No mentions found.

American Express AXP $40.23 -0.53 1.3% 4,354,563 NYSE: No mentions found.

Bank of America BAC $12.87 unch unch 103,522,573 NYSE: WSJ pC6 "Foster's rises 8.2% on a bid" by Donna Yesalavich says stocks fell Mon despite acquisition offers from firms including Hewlett-Packard as investors remained concerned about broad economic weakness. Hewlett-Packard is charted under bad news says it launched a bidding war for 3Par, making a $1.6 bi bid that tops Dell's. Caterpillar was the Dow's worst performer, off $2.02. Cisco declined 55 cents. Bank of America spent much of the day higher but closed flat as Fitch Ratings upgraded its preferred stock rating on Bank of Amer to investment grade, citing its efforts to boost common equity and liquidity as well as improving asset quality in its various loan portfolios.

Boeing BA $63.29 -1.31 2.03% 3,328,672 NYSE: Fin Times p16 "Boeing expects satellite take off" by Bloomberg says Boeing expects $2 bil of orders for military communications satellites from a US Defense Dept. contract announced last week.

Daily Report p6 "Missile shield sets up showdown between Boeing, Lockheed" by Bloomberg says Boei will compete for the first time to keep its US missile defense work as Lockheed martin seeks to wrest away an order for $10 bil in a Pentagon Missile Defense Agency bid to resign, build and operate the arsenal of satellites, radar and high speed interceptors needed to shoot down intercontinental ballistic missiles in space.

Caterpillar CAT $66.81 -2.05 2.98% 8,271,632 NYSE: WSJ pC6 "Foster's rises 8.2% on a bid" by Donna Yesalavich says stocks fell Mon despite acquisition offers from firms including Hewlett-Packard as investors remained concerned about broad economic weakness. Hewlett-Packard is charted under bad news says it launched a bidding war for 3Par, making a $1.6 bi bid that tops Dell's. Caterpillar was the Dow's worst performer, off $2.02. Cisco declined 55 cents. Bank of America spent much of the day higher but closed flat as Fitch Ratings upgraded its preferred stock rating on Bank of Amer to investment grade, citing its efforts to boost common equity and liquidity as well as improving asset quality in its various loan portfolios.

Chevron CVX $75.14 +0.09 0.12% 6,326,543 NYSE: WSJ pC2 "Korean fund seeks to buy stake owned by Chevron" by In-Soo Nam says S. Korea's Nat'l Pension Service is trying to buy 23% of US pipeline operator Colonial Pipeline from Chevron to diversify its investors. The deal is worth $835 mil.

Cisco CSCO $21.675 -0.555 2.5% 45,354,572 NASDAQ-GS: WSJ pC10 "3Par heads to the clouds" by Rolfe Winkle says 3Par is being bid for by Dell and Hewlett-Packard because it has innovative technology to handle the amounts of documents, photos and video being uploaded to the Internet every day. HPQ and Dell aren't the only ones trying to build their data center offerings. IBM is another big player and Cisco systems and Oracle have designs as well, with Cisco building its own server business.

WSJ pC6 "Foster's rises 8.2% on a bid" by Donna Yesalavich says stocks fell Mon despite acquisition offers from firms including Hewlett-Packard as investors remained concerned about broad economic weakness. Hewlett-Packard is charted under bad news says it launched a bidding war for 3Par, making a $1.6 bi bid that tops Dell's. Caterpillar was the Dow's worst performer, off $2.02. Cisco declined 55 cents. Bank of America spent much of the day higher but closed flat as Fitch Ratings upgraded its preferred stock rating on Bank of Amer to investment grade, citing its efforts to boost common equity and liquidity as well as improving asset quality in its various loan portfolios.

Coke KO $55.62 +0.32 0.58% 6,598,449 NYSE: AJC pA7 "Union vote set for Coke bottler" by Jeremiah McWilliams say the Teamsters union will hold a vote on Oct. 7 to see if workers at the Coca Cola Enterprises facilities there want to be reprsented by them.

Disney DIS $33.0005 -0.0495 0.15% 7,088,637 NYSE: WSJ pB4 "Suspect pleads guilty in Disney tips case" by Chad Bray, NYT pB4 "Guilty plea in offering info on Disney" by AP, USA Today p1B "Defendant pleads guilty in Disney case," AJC pA8 "Man pleads guilty to Disney wire fraud" say the 30 year old obtained info re: Disney's quarterly earnings before they were made public and tried to sell the info to 33 investment firms.

DuPont DD $40.445 +0.105 0.26% 4,291,668 NYSE: No mentions found.

Exxon XOM $59.57 +0.68 1.15% 18,351,396 NYSE: No mentions found.

GE $14.87 -0.16 1.06% 49,377,729 NYSE: No mentions found.

Hewlett-Packard HPQ $39.0165 -0.8335 2.09% 34,981,307 NYSE: WSJ pB1 "H-P trumps Dell with offer for 3PAR" by Ben Worthen, Fin Times p1 "HP locks horns with Dell over data group" by Helen Thomas, NYT pB1 "Bid demand for data manages" by Ashlee Vance, USA Today p1B "HP counters Dell's offer for 3Par" by Jon Swartz say on Mon, Hewlett-Packard the world's largest tech firm, started a bidding war against its rival Dell for the rights to 3Par, an 11 year old storage firm based in Fremont, Ca. HP's bid of $1.6 bil or $24 a share is 33% higher than what Dell offered last week and 149% higher than what 3Par was trading for before the Dell offer. Related stories at NYT pB1 "Are mergers back? Well, sort of" by Andrew Ross Sorkin & pB2 "Hewlett's Hunger for acquisition," FT p12 "HP trumps Dell," Fin Times p14 "Big tech hunts for profits in data mountains" by Joseph Menn.

WSJ pC10 "3Par heads to the clouds" by Rolfe Winkle says 3Par is being bid for by Dell and Hewlett-Packard because it has innovative technology to handle the amounts of documents, photos and video being uploaded to the Internet every day. HPQ and Dell aren't the only ones trying to build their data center offerings. IBM is another big player and Cisco systems and Oracle have designs as well, with Cisco building its own server business.

NYT pB8 "As big deals percolate, pessimism hurts indexes" by AP says stocks slumped to a weak finish Mon as lingering worries about the economy overcame optimism from a fresh round of corp deal making. Stocks had an early lift after Hewlett-Packard bid 33% more than its rival Dell for a data storage provider, bu the gains faded quickly. HPQ shares fell 81 cents while 3Par umped $8.05 and Dell fell 13 cents.

WSJ pC6 "Foster's rises 8.2% on a bid" by Donna Yesalavich says stocks fell Mon despite acquisition offers from firms including Hewlett-Packard as investors remained concerned about broad economic weakness. Hewlett-Packard is charted under bad news says it launched a bidding war for 3Par, making a $1.6 bi bid that tops Dell's. Caterpillar was the Dow's worst performer, off $2.02. Cisco declined 55 cents. Bank of America spent much of the day higher but closed flat as Fitch Ratings upgraded its preferred stock rating on Bank of Amer to investment grade, citing its efforts to boost common equity and liquidity as well as improving asset quality in its various loan portfolios.

Fin Times p14 "Summer chill for PC makes as sales dip" by Robin Kwong says Hewlett-Packard is more exposed to consumer sentiment than Dell, the third biggest seller of note pads, with close to half of HP's PC shipments headed for households.

Home Depot HD $27.82 -0.35 1.24% 10,325,419 NYSE: No mentions found.

Intel INTC $18.72 -0.19 1% 68,887,641 NASDAQ-GS: No mentions found.

IBM $126.66 -0.84 0.66% 3,276,819 NYSE: WSJ pC10 "3Par heads to the clouds" by Rolfe Winkle says 3Par is being bid for by Dell and Hewlett-Packard because it has innovative technology to handle the amounts of documents, photos and video being uploaded to the Internet every day. HPQ and Dell aren't the only ones trying to build their data center offerings. IBM is another big player and Cisco systems and Oracle have designs as well, with Cisco building its own server business.

J.P.Morgan Chase JPM $36.86 -0.28 0.75% 25,651,367 NYSE: No mentions found.

Johnson & Johnson JNJ $58.91 +0.17 0.29% 7,219,113 NYSE: WSJ pB7 "J&J contact lenses recalled" by Jonathan D. Rockoff, NYT pB4 "Johnson & Johnson unit recalls millions of contact lenses in Asia & Europe" by Natasha Singer, USA Today p1B "J&J issues its ninth recall in a year", AJC pA8 "J&J recalls Acuvue contracts sold overseas" say Johnson & Johnson is recalling another product, Acuvuve contact lenses sold in Japan and Asia and Europe due to stinging or pain when using the TruEye Brand. JNJ has issued 8 recalls of nonprescription medicines in US since last Sept.

Kraft KFT $29.195 +0.095 0.33% 6,016,174 NYSE: No mentions found.

McDonald's MCD $73.45 +0.37 0.51% 4,100,184 NYSE: No mentions found.

Merck MRK $34.96 +0.52 1.51% 8,488,237 NYSE: Fin Times p22 "Techs surrender early gains from 3Par bid hopes" by Hannah Kuchler says US stocks gave up early gains after deal activity including Hewlett-Packard's bid for 3Par had helped buoy confidence at the opening of a quiet day for ceconomic news. 3M rose 0.5% after George Buckley, ceo, said it might spend about $2 bil on acquisitions in '10, twice as much as its previous forecast. Pfizer rose 1.1% after a study said patients should stick with Pfizer's cholesterol lowering drug Lipitor rather than witch to a generic alternative. Lipitor, the world's best selling drug, is due to lose patent protection next year. Merck jumped 1.5% after it filed a patent infringement lawsuit vs. Impax Labs which is seeking authorization to sell a copy of Merck's Vytorin.

Microsoft MSFT $24.265 +0.035 0.14% 46,965,039 NASDAQ-GS: WSJ pB5 "Businesses add iPads to their briefcases" by Ben Worthen says Apple's iPad is sidestepping the resistance that the iPhone and other consumer oriented devices faced in the corp environment. The iPHone at the outset, faced the hurdle that it didn't work with Exchange, the Microsoft email software that is a mainstay of the business world.

PFE $16.08 +0.16 1.01% 36,073,258 NYSE: Fin Times p22 "Techs surrender early gains from 3Par bid hopes" by Hannah Kuchler says US stocks gave up early gains after deal activity including Hewlett-Packard's bid for 3Par had helped buoy confidence at the opening of a quiet day for ceconomic news. 3M rose 0.5% after George Buckley, ceo, said it might spend about $2 bil on acquisitions in '10, twice as much as its previous forecast. Pfizer rose 1.1% after a study said patients should stick with Pfizer's cholesterol lowering drug Lipitor rather than witch to a generic alternative. Lipitor, the world's best selling drug, is due to lose patent protection next year. Merck jumped 1.5% after it filed a patent infringement lawsuit vs. Impax Labs which is seeking authorization to sell a copy of Merck's Vytorin.

USA Today p4B "Stock sldie continues for 3rd session" by Bloomberg says stocks fell for a 3rd straight session Mon, sending the S&P 5000 to a 5 week low, as concern the economy may return to recession overshadowed speculation takeovers wil accelerate. Hewlett-Packard tumbled 81 cents. Pfizer rose 18 cents pacing health care stocks. Switching to a generic cholesterol lowering drug from Pfizer's patented Lipitor raised heart disease rates, a study of Dutch patients found.

Procter & Gamble PG $60.09 +0.11 0.18% 7,274,536 NYSE: No mentions found.

3M MMM $81.1864 +0.5264 0.65% 2,935,084 NYSE: Fin Times p22 "Techs surrender early gains from 3Par bid hopes" by Hannah Kuchler says US stocks gave up early gains after deal activity including Hewlett-Packard's bid for 3Par had helped buoy confidence at the opening of a quiet day for ceconomic news. 3M rose 0.5% after George Buckley, ceo, said it might spend about $2 bil on acquisitions in '10, twice as much as its previous forecast. Pfizer rose 1.1% after a study said patients should stick with Pfizer's cholesterol lowering drug Lipitor rather than witch to a generic alternative. Lipitor, the world's best selling drug, is due to lose patent protection next year. Merck jumped 1.5% after it filed a patent infringement lawsuit vs. Impax Labs which is seeking authorization to sell a copy of Merck's Vytorin.

Travelers TRV $49.79 -0.30 0.6% 3,577,404 NYSE: No mentions found.

United Technologies UTX $67.31 -0.81 1.19% 3,564,742 NYSE: No mentions found.

Verizon VZ $29.41 +0.04 0.14% 10,139,920 Dual Listed: Daily Report "Galaxy S is a reasonable alternative ti iPhone, Droid" by Rich Jaroslovsky says N. Korea's Samsun's new line of Andorid phones, Galaxy S, is showing up under different names on all 4 of the major US carriers, Sprint Nextel, AT&t, T-Mobile and Verizon Wireless, as well as the smaller US Cellular and Cellular South networks. AT&T's is called Captivate. Atuhor found them to reasonable alternatives to the sexier, and pricier, iPhones and Droids.

Walmart WMT $51.08 +0.86 1.71% 13,379,205 NYSE: NYT pB1 "The web as a store window" by Stephanie Clifford says retailers have been tryng to deploy all sorts of gimmicks to get customers spending. Walmart hoped that deep cuts in its standard rollbacks would be a draw, but then said the prices went too low. Nordstrom's gimmick is to make all inventory available to the consumer via its website.

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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 (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Cathie Lesjak (Interim) (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Jeffrey Kindler (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 8/17/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $307.5 [5]
2. Microsoft MSFT 217 [9]
3. WalMart WMT 190 [3.5]
4. Procter & Gamble PG 170.5 [3]
5. GE 166 [10.5]
6. IBM 161.5 [1]
7. Johnson & Johnson JNJ 161.5 [3]
8. AT&T 158.5 [6]
9. Chevron CVX 155 [2]
10. JPMorgan Chase 149.5 [4]
11. Pfizer PFE 130 [8]
12. Coke KO 128 [2.5]
13. Bank of America BAC 133 [10]
14. Cisco CSCO 125.5 [6]
15. Intel INTC 109.5 [5.5]
16. Merck MRK 107.5 [3]
17. Hewlett-Packard HPQ 95 [2.5]
18. Verizon VZ 89.5 [3]
19. McDonald's MCD 77 [1]
20. United Technologies UTX 65 [1]
21. Disney DIS 64 [2]
22. 3M MMM 59 [.5]
23. American Express AXP 50 [1]
24. Kraft KFT 51 [2]
25. Boeing BA 47.5 [1]
26. Home Depot 47 [1.5]
27. Caterpillar CAT 44 [.5]
28. DuPont DD 37 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 8/17/10 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: 8/6/10 10Q re: 2Q results 6/30/10
8/4/10 8K re: offer to exchange New Cingular Wireless Notes
7/30/10 8K re: sale of 2.5% Global Notes due '15
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.

Alcoa AA: 8/10/10 8K re: tender for notes due '12
8/3/10 8K re: sale of notes
7/27/10 8K re: offering of 6.15% notes due '20
7/23/10 8K re: election of Tony Theme CFO Engineered Products & Graeme Bottger, Controller

American Express AXP: 8/16/10 2 8Ks re: delinquency and write-off statistics
8/5/10 10Q 2Q results 6/30/10
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

Bank of Am BAC: 8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments
7/27/10 8K re: issuance of Euro Medium Term Notes
7/22/10 8K re: impairment resulting from fin'l reform legislation passed by Congress

Boeing BA: 7/28/10 10Q 2Q 6/30/10
7/28/10 8K re 2Q results
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: 7/30/10 10Q 1Q 6/30/10
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.
/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.

Chevron CVX: 8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.

Cisco CSCO 8/11/10 8K re: 4Q results fiscal year 7/31/10
6/29/108K 6/29/10 10b5-1 re: stock trading plans adopted by insiders

Coke KO 8/2/10 10Q 2Q 7/2/10
7/30/10 8K re: refiling of hart-Scott-Rodino filing re: acquisition of Coca-Cola Enterprises
7/21/10 8K re: 2Q results

Disney DIS 8/10/10 10Q 3Q 6/27/10
8/10/10 8K re: 3Q results

DuPont DD: 7/27/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
4/29/10 8K re: voting results from annual meeting held on 4/28/10.

ExxonMobil XOM: 8/4/10 10Q 2Q 6/30/10
7/29/10 8K re: 2Q results
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

GE: 8/2/10 10Q 1Q 6/30/10
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.

Hewlett-Packard HPQ: 8/6/10 8K re: resignation of Mark V. Hurd as chairman, CEO, Pres
8/2/10 8K re: settleemnt with US Dept. of Justice re: Rille Complaint
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.

Home Depot HD: 8/17/10 8K re: 2Q results 8/1/10
6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.

Intel INTC: 8/4/10 8K re: antitrust settlement with US Dept. of Justice
7/30/10 10Q 2Q 6/26/10
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: 8/4/10 8K re: issuance of $1.5 bil of debt
7/27/10 10Q 2Q 6/30/10
7/20/10 8K re: 2Q earnings presentation.
7/19/10 8K re: 2Q results ending 6/30/10.

JPMorganChase JPM: 8/6/10 10Q 2Q 6/30/10
7/22/10 8K re: completion of public offering of debt issues.

Johnson & Johnson JNJ : 8/11/10 10Q 2Q 7/4/10
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.

Kraft KFT: 8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting

McDonalds MCD: 8/10/10 8K re: July and end of year sale statistics
8/5/10 10Q 2Q 6/30/10
7/23/10 8K re: 2Q results ending 6/30/10
6/9/10 8K re: year to date sales figures
/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting

Merck MRK: 8/6/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results
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.

Microsoft MSFT: 7/30/10 10K year ended 6/30/10
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: 8/12/10 10Q 2Q 7/4/10
8/3/10 8K re: 2Q results
5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.

Procter & Gamble PG: 8/13/10 10K year ended 6/30/10
8/3/10 8K re: exec comp plans
8/3/10 8K re: 4Q and year end results
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.

3M MMM: 8/4/10 10Q 2Q 6/30/10
7/22/10 8K re: 2Q results
6/28/10 8K re: projected sales range for 2Q '10.

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: 7/26/10 10Q 1Q 6/30/10
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.

Verizon Communications Inc. VZ: 7/29/10 10Q 2Q 6/30/10
7/27/10 8K re: 2Q results
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.

WalMart WMT: 8/17/10 8K re: 2Q results 7/31/10
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.