8/4/10 Wed. am Pfizer Post Strong Results/ Procter & Gamble's Disappoint

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Post No. 567. 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 Wednesday's issue of Wall St. Journal, Financial Times,New 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 Tuesday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Tuesday at 10,636.38 down 38 or 0.36% from Monday's close of 10,674.38. For the year the Dow is up 2.00%. Of the 30 Dow Companies: 7 gained and 23 declined. The biggest gainers dollar-wise were Chevron CVX $78.66 +0.86 1.11% 11,787,997 NYSE and Pfizer PFE $16.34 +0.86 5.56% 159,064,002 NYSE and percentage-wise was Pfizer PFE $16.34 +0.86 5.56% 159,064,002 NYSE. The biggest decliner dollar-wise and percentage-wise was Procter & Gamble PG $59.94 -2.12 3.42% 24,448,366 NYSE.

WSJ pC1 "Stock Rally Hits a Wall: Dow Falls 38" by Jonathan Cheng says disappointing earnings and economic reports threw cold water on fin'l markets, as investor doubts about the strength of the recovery deepened. Stocks, coming off the best month in a year and Mon's rally, slipped. Investors moved more money into Treasurys, typically seen as safe during times of economic duress, sending yields on the 2 year note to a new record low. the US dollar fell to an 8 month low against the Japanese yen. The Dow was hurt by weak readings on housing, consumer spending and factory orders. disappointing earnings reports from Dow chemical and Procter & Gamble weighed on sentiment.

WSJ pC5 "P&G, Dow Lead Way Into Red" by Donna Yesalavich says stocks fell as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery. Procter & Gamble was the Dow's worst performer with a drop of $2.12. It is charted under Bad News as saying its lower prices nicked results, and sales rose less than it had projected. Its fiscal 4Q sales umped 5% as it launched new offerings and promoted its brands more heavily, but sales rose less than expected. Home depot also was weak as it was hurt by disappointing data on the consumer and housing sectors. consumer spending and income came in flat, while pending home sales fell. Pfizer jumped 86 cents as it posted a 9.5% increase in 2Q earnings. it is charted under Good News saying its rev beat analysts' estimates.

Fin Times p20 "Earnings shortfalls and raft of weak data reverse trend" by Hanah Kuchler says the rally in Us stocks faltered yesterday after investors were shaken by worse than expected economic data combined with weak earnings reports from Mastercard and Procter & gamble.

NYT pB7 "Shares slip on lower home sales and flat spending" by Bloomberg says stocks fell on Tues pulling the S&P down from a 10 week high as weaker than estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery.

USA today p4B "Economic reports tug stocks lower" by Bloomberg News says stocks fell Thur, pulling the S&P 500 down from a 10 week high, as weaker than estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery. Procter & Gamble dropped $2.12 after fiscal quarterly earnings of 71 cents a share trailed analyst estimates of 73 cents as some consumes limit spending on brand names. Home Depot retreated 67 cents as a gauge of home builders across S&P indexes tumbled 3.7%. Pfizer climbed 86 cents as the world's largest drugmaker had 2Q earnings of 62 cents a sahre beating estimates of 52 cents a share.

As of the open of the market Wednesday, 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 14.42 up from Monday's 14.18 (year ago it was 15.03) 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 2.62 up from Monday's 2.66 (it was 3.08 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 1,405.38 down 5.12 from Monday's closing numerator of 1,410.40. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease of 5.12 for Tuesday by the divisor (0.132129493) you get the decrease in Tuesday's Dow of 38. 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 $46.85 down $0.16 from Monday's Dow Jones Industrial Average average closing price of $47.01. The median closing price of Tuesday's Dow Jones Industrial Average was $42.84 down $0.48 from Monday's median price of $43.32. The lowest volume was 3M MMM $87.21 -0.20 0.23% 2,854,948 NYSE and the highest volume again was Bank of America BAC $14.34 -0.10 0.69% 96,408,386 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 $492 ($141,030 - $140,538).

MarketWatch 8/3/10 Tues. 4:17 pm by Nick Godt says U.S. stock slumped on Tuesday, following a rally in the previous session, as earnings reports, including from consumer product giant Procter & Gamble paired with disappointing economic data to revive concerns about growth. The Dow Jones Industrial Average (DJIA 10,636, -38.07, -0.36%) fell 38 points, or 0.4%, to end at 10,636.38, pressured by a 3.4% drop in Procter & Gamble (PG 59.91, -0.03, -0.05%) shares. The S&P 500 index (SPX 1,120, -5.40, -0.48%) fell 5.40 points, or 0.5%, to 1,120.46, pressured by a 1.7% drop in the materials sector. The Nasdaq Composite (COMP 2,284, -11.84, -0.52%) fell 11.84 points, or 0.5%, to 2,283.52

AT&T T $26.+69 0.10 0.38% 24,421,176 NYSE: USA Today p3B "RIM unveils Torch, new OS" by Edward C. Baig, AJC pA10 "Maker of BlackBerry reeals new phone" by Peter Svensson say Research in Motion Ltd, the maker of the BalckBerry revealed a new phone that has a touch screen and a keypad and it will hit AT&T stores 8/12 for $199 and a 2 year contract. The BlackBerry is still the most popular smarthone in the US ahead of the iPhone but Google's Android software, used by several smartphones is catching up.

Daily Report p6 "Internet providers seek compromise" by Todd Slhields, Bloomberg says AT&T and Verizon execs met over the weekend with FCC officials in efforts to resolve a dispute over US Internet regulation. They are trying to reach a compromise on net neutrality rules that would govern how phone and cable firms proving Internet connections treat Web traffic such as Google's YouTube videos and Skype Technologies SA's free phones. Pres. Obama ahs pledged to back net neutrality.

Alcoa AA $11.56 -0.15 1.28% 28,329,458 NYSE: No mentions found.

American Express AXP $44.6 -0.39 0.87% 7,242,962 NYSE: No mentions found.

Bank of America BAC $14.34 -0.10 0.69% 96,408,386 NYSE: WSJ pC16 "Banks' Excess Premium to Travelers" by David Reilly says property and casualty insurers are wrestling with the economic slowdown, high catastrophe losses and a low yield investment environment. By still, firms like Travelers are in a better position than many banks yet Travelers stock at 90% of book value, commands a lower multiple than Goldman Sachs and JPMorgan chase, and many regional banks. This is questionable since Travelers sports a 2.9% dividend yeild and through buybacks has reduced shares outstanding by 20% over the past year. An insurer like Travelers should be valued closer or above big banks as their risks are well known.

WSJ pA3 "Businesses split over tax credits" by Martin Vaughan says a number of large US firms including Bank of America, General Electric and Hewlett-Packard threw their support behind a recent proposal from Sen. Max Baucus that would end certain small tax breaks on overseas income, raising $11.5 bil over 10 years to pay for tax incentives. The firms' embrace is a compromise is a break from the position of the US Chamber of Commerce, the Nat'l Assoc. of manufacturers and IBM.

Boeing BA $69.54 -0.15 0.22% 3,743,133 NYSE: WSJ pB2 "Boeing raises outlook for India sales" says Boing on Tues raised its commercial aircraft sales forecast for India, saying it expects to sell up to 1,150 planes there by 2030 for as much as $130 bil, as air traffic recovers from the global economic slowdown and carriers add new domestic and international routes. Boeing previously forecast India would need 1,000 aircraft wroth $100 bil by 2029.

Caterpillar CAT $70.37 -0.68 0.96% 5,878,142 NYSE: No mentions found.

Chevron CVX $78.66 +0.86 1.11% 11,787,997 NYSE: No mentions found.

Cisco CSCO $23.82 +0.02 0.08% 27,115,679 NASDAQ-GS: No mentions found.

Coca-Cola KO $56.38 -0.03 0.05% 7,713,196 NYSE: AJCpA10 "In procedural move, coca-Cola refiles reports" says coke refiled its notification and report forms with the FTC to o give regulators more time to review its plan to buy the N. Amer. operations of coca-Cola Enterprises. It gives them 30 more days to review the applications.

Walt Disney DIS $34.21 -0.27 0.78% 8,491,206 NYSE: No mentions found.

DuPont DD $41.43 -0.19 0.46% 4,790,774 NYSE: No mentions found.

ExxonMobil XOM $62.72 +0.78 1.26% 31,055,235 NYSE: USA Today p1B "Exxon oil rig puts safety first" by Julie Schmit says Exxon known for the Exxon Valdez oil spill 21 years ago in Alaska says a result of that has become a safer operator and BP will needs a similar change.

GE $16.4 -0.01 0.06% 55,029,486 NYSE: WSJ pA3 "Businesses split over tax credits" by Martin Vaughan says a number of large US firms including Bank of America, General Electric and Hewlett-Packard threw their support behind a recent proposal from Sen. Max Baucus that would end certain small tax breaks on overseas income, raising $11.5 bil over 10 years to pay for tax incentives. The firms' embrace is a compromise is a break from the position of the US Chamber of Commerce, the Nat'l Assoc. of manufacturers and IBM.

Hewlett-Packard HPQ $47.36 -0.20 0.42% 9,652,945 NYSE: WSJ pA3 "Businesses split over tax credits" by Martin Vaughan says a number of large US firms including Bank of America, General Electric and Hewlett-Packard threw their support behind a recent proposal from Sen. Max Baucus that would end certain small tax breaks on overseas income, raising $11.5 bil over 10 years to pay for tax incentives. The firms' embrace is a compromise is a break from the position of the US Chamber of Commerce, the Nat'l Assoc. of manufacturers and IBM.

Home Depot HD $28.45 -0.67 2.3% 11,696,690 NYSE: USA today p4B "Economic reports tug stocks lower" by Bloomberg News says stocks fell Thur, pulling the S&P 500 down from a 10 week high, as weaker than estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery. Procter & Gamble dropped $2.12 after fiscal quarterly earnings of 71 cents a share trailed analyst estimates of 73 cents as some consumes limit spending on brand names. Home Depot retreated 67 cents as a gauge of home builders across S&P indexes tumbled 3.7%. Pfizer climbed 86 cents as the world's largest drugmaker had 2Q earnings of 62 cents a sahre beating estimates of 52 cents a share.

WSJ pC5 "P&G, Dow Lead Way Into Red" by Donna Yesalavich says stocks fell as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery. Procter & Gamble was the Dow's worst performer with a drop of $2.12. It is charted under Bad News as saying its lower prices nicked results, and sales rose less than it had projected. Its fiscal 4Q sales umped 5% as it launched new offerings and promoted its brands more heavily, but sales rose less than expected. Home depot also was weak as it was hurt by disappointing data on the consumer and housing sectors. consumer spending and income came in flat, while pending home sales fell. Pfizer jumped 86 cents as it posted a 9.5% increase in 2Q earnings. it is charted under Good News saying its rev beat analysts' estimates.

Intel INTC $20.87 0-.28 1.32% 60,807,229 NASDAQ-GS: WSJ pB2 "Intel to settle FTC antitrust case" by Bloomberg says Intel has agreed to settle its antitrust case with the FCC accusing Intel of using its dominance for a decade to blcok customers from buying competitors' products.

International Business Machine IBM $130.37 -0.39 0.3% 5,091,753 NYSE: WSJ pC16 "Overheard" says on Mon IBM sold $1.5 bil in 3 year debt at a record low 1% interest rate that was just 0.3% point more than the yield on gov debt of similar maturity. The spread even narrowed at one time Tues to 0.25%. IBM's stock pays a 2% dividends make the bonds look rich.

WSJ pA3 "Businesses split over tax credits" by Martin Vaughan says a number of large US firms including Bank of America, General Electric and Hewlett-Packard threw their support behind a recent proposal from Sen. Max Baucus that would end certain small tax breaks on overseas income, raising $11.5 bil over 10 years to pay for tax incentives. The firms' embrace is a compromise is a break from the position of the US Chamber of Commerce, the Nat'l Assoc. of manufacturers and IBM.

JPMorgan JPM $41.08 -0.56 1.34% 29,849,482 NYSE: WSJ pC3 "J.P. Morgan Chase cuts 50 jobs" by Dan fitzpatrick says J.P. Morgan chase 7 Co. recently cut 50 people in its fledgling commodities unit as it reels from a poor 2Q performance capped by a bad coal bet. Losses in the 2,000 person commodities division were party to blame for the late July staff reductions.

Johnson & John JNJ $59.35 +0.63 1.07% 10,841,073 NYSE: No mentions found.

Kraft KFT $29.28 -0.21 0.71% 7,739,871 NYSE: No mentions found.

McDonalds MCD $70.45 +0.20 0.28% 4,945,904 NYSE: No mentions found.

Merck MRK $34.82 -0.25 0.71% 14,582,174 NYSE: No mentions found.

Microsoft MSFT $26.16- 0.17 0.65% 56,685,184 NASDAQ-GS: WSJ pB6 "Microsoft mines web to hone language tool" by Owen Fletchsays Microsoft researchers in beijing are using data mined from the Web to enhance an online Chinese to English dictionary and language practice service, a technique that could one day be used in similar tools for anyone learning a language.

WSJ pD2 "Apple adds touches to its mac desktops" by Walter S. Mossberg says Apple has made an effort to spread mutlitouch gestures across all of its products unlike Microsfot which only its Windows PCs have touch screen and certain windows laptops have emulated at least some of the Mac's multi-touch trackpad features.

Pfizer PFE $16.34 +0.86 5.56% 159,064,002 NYSE: Fin Times p13 "Pfizer stands by long term views" by Reuters, WSJ pB7 "Pfizer" by Peter Loftus, NYT pB4 "Its acquisition of Wyeth appears to be paying off for Pfizer" by AP, AJC pA10 "Pfizer revenue numps higher than expected" say Pfizer reported a 9% increase in 2Q profit, beating expectations as its revenue jumped due to its acquisition of Wyeth in Oct. Pfizer makes Lipitor and Viagra. Its net income for the 2Q ending July 4 rose to $2.48 bil or 31 cents a share, from $2.26 bil a year earlier, and 34 cents a share then. Pfizer issued more shares since then to acquire Wyeth.

USA today p4B "Economic reports tug stocks lower" by Bloomberg News says stocks fell Thur, pulling the S&P 500 down from a 10 week high, as weaker than estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery. Procter & Gamble dropped $2.12 after fiscal quarterly earnings of 71 cents a share trailed analyst estimates of 73 cents as some consumes limit spending on brand names. Home Depot retreated 67 cents as a gauge of home builders across S&P indexes tumbled 3.7%. Pfizer climbed 86 cents as the world's largest drugmaker had 2Q earnings of 62 cents a sahre beating estimates of 52 cents a share.

WSJ pC5 "P&G, Dow Lead Way Into Red" by Donna Yesalavich says stocks fell as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery. Procter & Gamble was the Dow's worst performer with a drop of $2.12. It is charted under Bad News as saying its lower prices nicked results, and sales rose less than it had projected. Its fiscal 4Q sales umped 5% as it launched new offerings and promoted its brands more heavily, but sales rose less than expected. Home depot also was weak as it was hurt by disappointing data on the consumer and housing sectors. consumer spending and income came in flat, while pending home sales fell. Pfizer jumped 86 cents as it posted a 9.5% increase in 2Q earnings. it is charted under Good News saying its rev beat analysts' estimates.

Procter & Gamble PG $59.94 -2.12 3.42% 24,448,366 NYSE: WSJ pB2 "Heavy P&G promotions pinch profit" by Anjali Cordeiro, Fin Times p13 "P&G predicts uneven US recovery" by Jonathan Birchall, NYT pB4 "Ad spending hurts profit at Procter" by Reuters, USA Today p5B "Ad spending at Clorox and P&G hits earnings" by AP says P&G said its 4Q earnings fell 12% as it bet that heavy advertising will draw budget conscious households to new products, at it tries to build sales and market share in a tough economy. It earned $2.2 bil or 71 cents a share, down from $2.5 bil or 80 cents a year earlier. Rev increased 5% to $18.9 bil.

WSJ pC1 "Stock Rally Hits a Wall: Dow Falls 38" by Jonathan Cheng says disappointing earnings and economic reports threw cold water on fin'l markets, as investor doubts about the strength of the recovery deepened. Stocks, coming off the best month in a year and Mon's rally, slipped. Investors moved more money into Treasurys, typically seen as safe during times of economic duress, sending yields on the 2 year note to a new record low. the US dollar fell to an 8 month low against the Japanese yen. The Dow was hurt by weak readings on housing, consumer spending and factory orders. disappointing earnings reports from Dow chemical and Procter & Gamble weighed on sentiment.

USA today p4B "Economic reports tug stocks lower" by Bloomberg News says stocks fell Thur, pulling the S&P 500 down from a 10 week high, as weaker than estimated data on home sales, factory orders and consumer spending cast doubt on the economic recovery. Procter & Gamble dropped $2.12 after fiscal quarterly earnings of 71 cents a share trailed analyst estimates of 73 cents as some consumes limit spending on brand names. Home Depot retreated 67 cents as a gauge of home builders across S&P indexes tumbled 3.7%. Pfizer climbed 86 cents as the world's largest drugmaker had 2Q earnings of 62 cents a share beating estimates of 52 cents a share.

WSJ pC5 "P&G, Dow Lead Way Into Red" by Donna Yesalavich says stocks fell as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery. Procter & Gamble was the Dow's worst performer with a drop of $2.12. It is charted under Bad News as saying its lower prices nicked results, and sales rose less than it had projected. Its fiscal 4Q sales umped 5% as it launched new offerings and promoted its brands more heavily, but sales rose less than expected. Home depot also was weak as it was hurt by disappointing data on the consumer and housing sectors. consumer spending and income came in flat, while pending home sales fell. Pfizer jumped 86 cents as it posted a 9.5% increase in 2Q earnings. it is charted under Good News saying its rev beat analysts' estimates.

3M MMM $87.21 -0.20 0.23% 2,854,948 NYSE: No mentions found.

Travelers TRV $50.12 -0.73 1.44% 4,917,987 NYSE: WSJ pC16 "Banks' Excess Premium to Travelers" by David Reilly says property and casualty insurers are wrestling with the economic slowdown, high catastrophe losses and a low yield investment environment. By still, firms like Travelers are in a better position than many banks yet Travelers stock at 90% of book value, commands a lower multiple than Goldman Sachs and JPMorgan chase, and many regional banks. This is questionable since Travelers sports a 2.9% dividend yeild and through buybacks has reduced shares outstanding by 20% over the past year. An insurer like Travelers should be valued closer or above big banks as their risks are well known.

United Tech UTX $72.03 -0.58 0.8% 3,557,771 NYSE: No mentions found.

Verizon VZ $29.54 -0.02 0.07% 18,369,585 Dual Listed: Fin Times p11 "Motorola and Verizon team up for TV tablet" Kenneth Li says Motorola is developing a digital tablet device that will allow users to watch tv on it, as the mobile phone group attempts to chip away at a market established by Apple's popular iPad. the device will have a 10 inch screen and opeate on Google's Android software, and launch as early as this autumn in the US.

Walmart WMT $51.29 -0.12 0.23% 10,668,553 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 (Santa Clara, CA)
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.