8/3/10 Tues am AT&T, Verizon, T-Mobile to compete with Credit Card Firms with Payment by Smartphones

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Post No. 565. 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 Tuesday's issue of Wall St. Journal, Financial Times ,New York Times, 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 10,674.38 up 208.44 or 1.99% from Friday's close of 10,465.94. For the year the Dow is up 2.36%. Of the 30 Dow Companies: all 30 gained and 0 declined. The biggest gainer dollar-wise was IBM $130.76 2.36 1.84% 6,390,057 NYSE and percentage-wise was Alcoa AA $11.71 +0.54 4.83% 25,859,021 NYSE.

WSJ pC1 "DJIA Builds On July Gain, rising 208.44" by Jonathan Cheng says investors jumped aggressively into Aug, snapping up risky assets as hopes grew for a sustained global rebound. The euro & British pound rose to multimonth highs as oil rose above $81 a barrel and copper prices soared to 3 month highers. Riskier energy and material stock led a broad based rally in US stocks. Global stock markets fared well and firms with sufficient global exposure led the Dow's climb, with Alcoa up 4.8% and oil majors surging. Financials benefited from upbeat European bank earnings.

WSJ pC5 "Alcoa Zips Up 4.8%; BNP, 7.3%" by Donna Yesalavich says stocks climbed as positive data on industrial activity in the US and Europe & better than expected earnings from European banks HSBC Holdings and BNP Paribas gave the market a strong start to Aug. All of the Dow's 30 components were up, led by Alcoa and Exxon Mobil which climbed 3.8%. They were boosted by gains in commodities as hopes for the global economic recovery were boosted by a round of better thane xpected manufacturing and construction data. The Dow's financial components were strong with JPMorgan up 3.4% and Bank of America up 2.9%. Alcoa was charted under Good News saying firms with significant global exposure led the way as confidence mounted in the overseas economic recovery.

Fin Times p22 "Fin'ls, energy & materials lead way to strong gains" by hannah Kuchler says US stocks jumped yesterday as a strong performance from European banks and a higher oil price helped boost investor confidence, with the S&P 500 pushing into positive territory for the year. Optimism about the strength of the global recovery and the outlook for energy demand pushed up oil prices. Exxon Mobil added 3.8%. Amaong the fallers, the maker of the BlackBerry, Research in Motion dropped 1% after the Unied Arab Emirates said it would suspend its email services in Oct. because they oepated outside its laws and raised national security concerns. Visa was down as was Mastercard after speculation that US mobile carriers AT&T and Verizon Wireless could be planning to compete with the credit card firms by developing a payment system using smartphones. AT&T rose 2.5% and Verizon advanced 1.7%.

NYT pB8 "Earnings & overseas news lead broad rally" by Christine Hauser says after a robust July, the stock market got off to an energetic start for Aug on Mon, surging nearly 2% on another round of strong corp results and upbeat economic news from China and Europe.

USA Today p4B "All 3 major indexes are back in black" by AP says the stock market began Aug with a huge rally Mon after economic and earnings reports from around the world revived investors' faith in the global recovery.

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 14.16 down from Monday's 14.18 (year ago it was 14.95) the P/E estimate is 12.70 unchanged from Monday's 12.70 (year ago it was 14.50) and the current dividend yield is 2.61 down from Monday's 2.66 (it was 3.09 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 1,410.40 up 27.54 from Friday's closing numerator of 1,382.86. 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 increase of 27.54 for Monday by the divisor (0.132129493) you get the increase in Monday's Dow of 208.44. 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 $47.01 up 0.91 from Friday's Dow Jones Industrial Average average closing price of $46.10. The median closing price of Monday's Dow Jones Industrial Average was $43.32 up $0.93 from Friday's median price of $42.39. The lowest volume was 3M MMM $87.41 +1.87 2.19% 3,605,795 NYSE and the highest volume again was Bank of America BAC $14.44 +0.40 2.85% 129,830,354 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 made $2,744 ($141,030 - $138,286).

MarketWatch 8/2/10 Mon. 4:58 pm by Jonathan Cheng, Kristina Peterson says U.S. stock investors Monday kicked off the month with a bang, pouring into stocks, oil and the euro as hopes grew for a robust global economic rebound. The Dow Jones Industrial Average (DJIA 10,674, +208.51, +1.99%) closed up 208.44 points, or 1.99%, at 10,674.38, with all of its 30 components in the black. The strong start to August comes on top of a July that saw the Dow climb 7.1%, its biggest monthly gain since July 2009. The market burst out of the gate with triple-digit gains following stronger-than-expected quarterly reports from European banks, and hung on to its gains after a better-than-forecast July reading of the Institute for Supply Management's manufacturing index and an unexpected climb in June construction spending. Also helping stocks were encouraging manufacturing numbers from Europe.
The Nasdaq Composite (COMP 2,295, +40.66, +1.80%) gained 1.8% to 2,295.36. The Standard & Poor's 500 (SPX 1,126, +24.26, +2.20%) jumped 2.2% to 1,125.86. Those gains helped the two indexes climb back into the black for the year. Volumes, however, were relatively light, with New York Stock Exchange composite volume of 4.3 billion shares. Companies with significant global exposure led the Dow's climb as confidence mounted in the overseas economic recovery. Alcoa shares(AA 11.75, +0.04, +0.34%) were the biggest gainers, adding 4.8%, while DuPont shares (DD 41.60, -0.02, -0.05%) rose 2.3%. Financials strengthened, boosted by upbeat earnings from HSBC Holdings (HBC 53.84, +0.10, +0.19%) and BNP Paribas (BNPQY 36.76, +2.50, +7.30%) . Bank of America (BAC 14.43, -0.01, -0.07%) advanced 2.9%, and J.P. Morgan Chase (JPM 41.60, -0.04, -0.10%) rose 3.4%. Investors said strong earnings in Europe were contributing to a rise not just in financials but across the broad market. This July resembled the previous July in several key respects. U.S.-listed shares of HSBC (HBC 53.84, +0.10, +0.19%) , Europe's largest bank by market capitalization, jumped 5.2% after the bank's first-half net profit more than doubled to $6.76 billion, as loan impairments and other provisions fell to their lowest level since the start of the financial crisis. BNP Paribas shares np (FR:BNP 55.49, +2.78, +5.27%) (BNPQY 36.76, +2.50, +7.30%) jumped in France and on the pink sheets after the company posted a 31% surge in second-quarter profit, beating market expectations. Monday's bank earnings helped boost European markets. The Stoxx Europe 600 index (ST:SXXP 262.09, +6.74, +2.64%) gained 2.6%, while France's CAC-40 (FR:PX1 3,752, +108.89, +2.99%) climbed 3%. The Hang Seng closed up 1.8%, and the Shanghai Composite gained 1.8%, bucking a weaker-than-expected piece of manufacturing data. China's manufacturing activity expanded at the slowest pace in 17 months in July, a reflection that government tightening measures and growing uncertainty over global demand is weighing on the country's economic expansion. Energy stocks jumped as crude-oil prices climbed above $81 a barrel. Exxon Mobil (XOM 61.90, -0.04, -0.07%) rose 3.8%, and Chevron (CVX 77.86, +0.06, +0.07%) gained 2.1%. Anadarko Petroleum (APC 53.27, +4.11, +8.36%) jumped 8.4% after Western Gas Partners /(WES 24.50, +0.54, +2.25%) agreed to acquire Anadarko's natural-gas assets in northeastern Colorado in a deal valued at $498 million. Telecommunications stocks also strengthened as BlackBerry maker Research In Motion's (RIMM 57.26, +0.28, +0.49%) decline boosted rivals. Research In Motion's shares slipped 1% after the United Arab Emirates said it would block the firm's BlackBerry services starting in October because of a dispute over the way the smartphone maker handles electronic data. Saudi Arabia also indicated it would rein in the services to the device. Meanwhile, Sprint Nextel /(S 4.68, +0.11, +2.41%) climbed 2.4%, AT&T (T 26.62, +0.03, +0.11%) gained 2.5% and Verizon (VZ 29.55, -0.01, -0.03%) advanced 1.7%. Technology components climbed. Hewlett-Packard (HPQ 46.04, -1.52, -3.20%) gained 3.3%, Cisco Systems (CSCO 23.80, +0.73, +3.16%) rose 3.2% and Intel (INTC 21.17, +0.02, +0.10%) climbed 2.7%. Federal Reserve Chairman Ben Bernanke said Monday that, while the U.S. economy continues to grow at a moderate pace, constraints remain on the recovery. Speaking at the 64th annual meeting of the Southern Legislative Conference, Bernanke said the U.S. had a "considerable way to go to achieve a full recovery in our economy, and many Americans are still grappling with unemployment, foreclosure and lost savings." Among stocks in focus, MetLife (MET 42.81, +0.08, +0.19%) gained 1.6% after the life insurer increased by about $1 billion the amount it plans to raise in a share sale to fund its acquisition of American International Group's (AIG 40.24, +0.20, +0.51%) American Life Insurance Co. unit. Humana shares (HUM 47.02, -1.71, -3.51%) climbed 3.6% after the managed-care provider said its second-quarter net income rose to $2 a share from $1.67 a share. The insurer also raised its full-year earnings guidance. The dollar weakened against the euro and gained slightly on the yen. The euro approached the $1.32 level, trading at $1.3170. The U.S. Dollar Index (DXY 80.90, -0.64, -0.78%) , which tracks the U.S. currency against a basket of six others, fell 0.8%. Demand for safe-haven Treasurys fell slightly, with the yield on the 10-year note (UST10Y 2.97, +0.06, +2.17%) rising to 2.96%. Gold futures rose modestly.

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

AT&T T $26.59 +0.65 2.51% 35,078,652 NYSE: WSJ pB3 "Pay as you go takes on new meaning" by Spencer E. Ante, AJC pA7 "Smartphones take on plastic" by Bloomberg say AT&T, Verizon Wireless & T-Mobile are exploring a cellphone mobile payments system along with Discover and Barclays. They are seeking to break in what could be a fast growing market. The unlikely alliance of 3 rival national wireless carriers will use Discover financial Services to process payments and Barclays as bank partners. The system would be designed to allow customers to pay for goods and services by holding their cellphones up to payment terminals at participating stores.

WSJ pB5 "RIM seeks to allayfears in U.A. E. S=standoff" by Phred Dvorak says BlackBerry maker ResearchIn Motion Ltd. issued a statement assuring customers taht their data was secure, a day after United Arab Emirates regulatrors said they'd tussled with RIM over access to that data. RIM is expected to rollout a new touchscreen smartphone with revamped software to challenge Apple's iPhone 4 and devices that run on Google's Android system and is expected to have a slide out key board in addition to its touch screen and be offered initially through AT&T in the US.

Fin Times p22 "Fin'ls, energy & materials lead way to strong gains" by hannah Kuchler says US stocks jumped yesterday as a strong performance from European banks and a higher oil price helped boost investor confidence, with the S&P 500 pushing into positive territory for the year. Optimism about the strength of the global recovery and the outlook for energy demand pushed up oil prices. Exxon Mobil added 3.8%. Amaong the fallers, the maker of the BlackBerry, Research in Motion dropped 1% after the Unied Arab Emirates said it would suspend its email services in Oct. because they oepated outside its laws and raised national security concerns. Visa was down as was Mastercard after speculation that US mobile carriers AT&T and Verizon Wireless could be planning to compete with the credit card firms by developing a payment system using smartphones. AT&T rose 2.5% and Verizon advanced 1.7%.

Alcoa AA $11.71 +0.54 4.83% 25,859,021 NYSE: WSJ pC1 "DJIA Builds On July Gain, rising 208.44" by Jonathan Cheng says investors jumped aggressively into Aug, snapping up risky assets as hopes grew for a sustained global rebound. The euro & British pound rose to multimonth highs as oil rose above $81 a barrel and copper prices soared to 3 month highers. Riskier energy and material stock led a broad based rally in US stocks. Global stock markets fared well and firms with sufficient global exposure led the Dow's climb, with Alcoa up 4.8% and oil majors surging. Financials benefited from upbeat European bank earnings.

WSJ pC5 "Alcoa Zips Up 4.8%; BNP, 7.3%" by Donna Yesalavich says stocks climbed as positive data on industrial activity in the US and Europe & better than expected earnings from European banks HSBC Holdings and BNP Paribas gave the market a strong start to Aug. All of the Dow's 30 components were up, led by Alcoa and Exxon Mobil which climbed 3.8%. They were boosted by gains in commodities as hopes for the global economic recovery were boosted by a round of better thane xpected manufacturing and construction data. The Dow's financial components were strong with JPMorgan up 3.4% and Bank of America up 2.9%. Alcoa was charted under Good News saying firms with significant global exposure led the way as confidence mounted in the overseas economic recovery.

Amex AXP $44.99 +0.35 0.78% 9,517,551 NYSE: No mentions found.

Bank of Am BAC $14.44 +0.40 2.85% 129,830,354 NYSE: WSJ pC5 "Alcoa Zips Up 4.8%; BNP, 7.3%" by Donna Yesalavich says stocks climbed as positive data on industrial activity in the US and Europe & better than expected earnings from European banks HSBC Holdings and BNP Paribas gave the market a strong start to Aug. All of the Dow's 30 components were up, led by Alcoa and Exxon Mobil which climbed 3.8%. They were boosted by gains in commodities as hopes for the global economic recovery were boosted by a round of better thane xpected manufacturing and construction data. The Dow's financial components were strong with JPMorgan up 3.4% and Bank of America up 2.9%. Alcoa was charted under Good News saying firms with significant global exposure led the way as confidence mounted in the overseas economic recovery.

Boeing BA $69.69 +1.55 2.27% 5,392,494 NYSE: AJC pA6 "boeing to move 2 programs to Ok." says Boeing will relocate two programs from Long Beach, Ca to Oklahoma bringing 550 engineering jobs to that state. Its moving its C-130 Avionics Modernization program and the B-1 program.

Caterpillar CAT $71.05 +1.30 1.86% 6,268,187 NYSE: AJC pA8 "Caterpillar buys locomotive maker" says Caterpillar's rail services unit completed the purchase of locomotive maker Electro-Motive Diesel for $928 mil.

Chevron CVX $77.8 +1.59 2.09% 11,820,287 NYSE: No mentions found.

CSCO $23.8 +0.73 3.16% 42,901,398 NASDAQ-GS: No mentions found.

Coke KO $56.41 +1.30 2.36% 15,793,859 NYSE: AJc pA8 "WNBA, Coke partner in fitness clinics for kids" says the Women's Nat'l Basketball Assoc and Coke finalized a multi-year partnership aimed at getting kdis to be active.

Disney DIS $34.48 +0.79 2.34% 9,886,810 NYSE: WSJ pC10 "Wishing upon a deal, Disney style" by Martin Peers says Disney's $563 mil agreement last week to purchase social gaming firm Playdom brings to $12.6 bil the amount it has paid on premium price acquisitions over the past 5 years, including Pixar & Marvel Entertainment. That sets Disney apart from many of its peers, such as Time Warner and Viacom, which are taking a more careful approach to M&A after bad experiences over the past 20 years.

DuPont DD $41.62 +0.95 2.34% 9,865,997 NYSE: No mentions found.

Exxon XOM $61.94 +2.26 3.79% 28,074,704 NYSE: No mentions found.

GE $16.41 +0.29 1.8% 67,259,660 NYSE: WSJ p B5 "GE, Intel form health care jv" by Don Clark, NYTimes pB5 "GE & Intel form health venture" by Bloomberg say GE and Intel will form a jv to continue their collaboration in home health care on a 50/50 basis. They have been working since '09 on technologies to help elderly patients and those with chronic diseases with a focus on managing medical conditions from home. Intel in '05 started a digital health group and GE has a health group that sell products to hospitals and health care professionals and in '08 started a division focusing on home health care.

WSJ pB7 'comcast sets deal with CBS" by Melissa Korn says Comcast signed a 10 year agreement to distribute CBS programming, a deal that gives it expanded access to CBS's online and on demand offerings. It comes as Comcast, the No. 1 US cable tv providers awaits completion of a takeover of GE's NBC Universal unit for $13.75 bil. Regulatory approval is expected by year's end. CBS has signed retransmission contracts with Verizon's FiOS, Time Warner Cable and Cablevision over the past 18 months and will continue to make deals with other carriers.

Hewlett-Pack HPQ $47.56 +1.52 3.3% 12,773,877 NYSE: WSJ pB5 H-P reaches settlement in kickbacks investigation" by Ben Worthen, NYT pB5 "Hewlett-Packard to settle kickback inquiry" by Reuters say Hewlett-Packard said it reached a settlement with Dept. of Justice to resolve an investigation into alleged kickbacks paid by tech firms on gov contracts and will pay about $40 mil.

Home Depot HD $29.12 +0.61 2.14% 17,828,947 NYSE: No mentions found.

Intel INTC $21.15 +0.55Cclark says GE and Intel will form a jv to continue their collaboration in home health care on a 50/50 basis. They have been working since '09 on technologies to help elderly patients and those with chronic diseases with a focus on managing medical conditions from home. Intel in '05 started a digital health group and GE has a health group that sell products to hospitals and health care professionals and in '08 started a division focusing on home health care.

IBM $130.76 2.36 1.84% 6,390,057 NYSE: WSJ pC6 "IBM, Others find robust demand" by Katy Burne says corp. borrowers led by IBM and steel producer ArcelorMittal piled into the bond market Mon, taking advantage of remarkably low interest rates to sell more than $11.5 bil of investment grde debt. IBM came to market last in Nov with 2.10% bond in May '13 and on Mon these bonds were bid about 0.15% above Treasurys. On Mon. IBM raised $1.5 bil in 3 year notes, paying 0.30% point more than the yield on comparable US Treasurys. The interest rate, 1%, was a record low for 3 year notes.

JPMorgan JPM $41.64 +1.36 3.38% 35,495,107 NYSE: Fin Times p15 "JPMorgan hires former Clinton Treassury official" by Francesco Guerrera says JPMOrgan hired Daniel Zelikow to spearhead a new drive to win more commercial bnking business from governments in Asia, Africa and Latin America.

WSJ pC5 "Alcoa Zips Up 4.8%; BNP, 7.3%" by Donna Yesalavich says stocks climbed as positive data on industrial activity in the US and Europe & better than expected earnings from European banks HSBC Holdings and BNP Paribas gave the market a strong start to Aug. All of the Dow's 30 components were up, led by Alcoa and Exxon Mobil which climbed 3.8%. They were boosted by gains in commodities as hopes for the global economic recovery were boosted by a round of better thane xpected manufacturing and construction data. The Dow's financial components were strong with JPMorgan up 3.4% and Bank of America up 2.9%. Alcoa was charted under Good News saying firms with significant global exposure led the way as confidence mounted in the overseas economic recovery.

Johnson & John JNJ $58.72 +0.63 1.08% 11,420,470 NYSE: WSJ pB1 "Genzyme in talks with Sanofi" by Gina Chon says French drug maker Sanofi-Aventis is in talks with US biotech firm Genzyme about a proposed takeover at $69 a share. Genzyme is still keeping in mind other suitors suchs as GlaxoSmithKline, Johnson & Johnson & Pfizer.

Kraft KFT $29.49 +0.28 0.96% 7,691,418 NYSE: No mentions found.

McDonalds MCD $70.25 +0.52 0.75% 5,840,248 NYSE: No mentions found.

MRK $35.07 +0.61 1.77% 12,064,269 NYSE: No mentions found.

MSFT $26.33 +0.52 2.01% 54,906,518 NASDAQ-GS: No mentions found.

Pfizer PFE $15.48 +0.48 3.2% 54,709,235 NYSE: WSJ pB1 "Genzyme in talks with Sanofi" by Gina Chon says French drug maker Sanofi-Aventis is in talks with US biotech firm Genzyme about a proposed takeover at $69 a share. Genzyme is still keeping in mind other suitors suchs as GlaxoSmithKline, Johnson & Johnson & Pfizer.

Proct & GamPG $62.06 +0.90 1.47% 11,138,377 NYSE: No mentions found.

MMM $87.41 +1.87 2.19% 3,605,795 NYSE: No mentions found.

Travelers TRV $50.85 +0.40 0.79% 4,932,632 NYSE: No mentions found.

United Tech UTX $72.61 +1.51 2.12% 3,757,259 NYSE: No mentions found.

Veriz VZ $29.56 +0.50 1.72% 24,983,917 Dual Listed: WSJ pB3 "Pay as you go takes on new meaning" by Spencer E. ante says AT&T, Verizon Wireless & T-Mobile are exploring a cellphone mobile payments system along with Discover and Barclays. They are seeking to break in what could be a fast growing market. The unlikely alliance of 3 rival national wireless carriers will use Discover financial Services to process payments and Barclays as bank partners. The system would be designed to allow customers to pay for goods and services by holding their cellphones up to payment terminals at participating stores.

WSJ pB7 'comcast sets deal with CBS" by Melissa Korn says Comcast signed a 10 year agreement to distribute CBS programming, a deal that gives it expanded access to CBS's online and on demand offerings. It comes as Comcast, the No. 1 US cable tv providers awaits completion of a takeover of GE's NBC Universal unit for $13.75 bil. Regulatory approval is expected by year's end. CBS has signed retransmission contracts with Verizon's FiOS, Time Warner Cable and Cablevision over the past 18 months and will continue to make deals with other carriers.

Fin Times p22 "Fin'ls, energy & materials lead way to strong gains" by hannah Kuchler says US stocks jumped yesterday as a strong performance from European banks and a higher oil price helped boost investor confidence, with the S&P 500 pushing into positive territory for the year. Optimism about the strength of the global recovery and the outlook for energy demand pushed up oil prices. Exxon Mobil added 3.8%. Amaong the fallers, the maker of the BlackBerry, Research in Motion dropped 1% after the Unied Arab Emirates said it would suspend its email services in Oct. because they oepated outside its laws and raised national security concerns. Visa was down as was Mastercard after speculation that US mobile carriers AT&T and Verizon Wireless could be planning to compete with the credit card firms by developing a payment system using smartphones. AT&T rose 2.5% and Verizon advanced 1.7%.

Walmart WMT $51.41 +0.22 0.43% 13,827,325 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 Richard 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 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.