Thursday, October 14, 2010

10/14/10 Thurs am JPMorgan Reports Solid 3Q Results & Widens Foreclosure Review

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Post No. 681 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 9/12/10 and an update of the Dow 30 component's SEC filings as of 9/12/10.

A read of Thursday's 10/14/10 Wall St. Journal, Financial Times, New York Times & USA Today 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 Wednesday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Wednesday at 11,096.08 up 75.68 or 0.69% from Tuesday's close of 11,020.40. Of the 30 Dow Jones component companies 23 gained and 7 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $71.47 +1.25 1.78% 6,016,673 NYSE. The biggest decliner dollar-wise was JPMorgan Chase JPM $39.84 -0.56 1.39% 69,424,773 and percentage-wise was Intel INTC $19.24 -0.53 2.68% 171,416,607 NASDAQ-GS.

WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

WSJ pC5 "Dow industrials hit 5 month high" by Jonathan Cheng says earnings report from JPMorgan and Intel helped lift the broader market even as they stumbled, sending US stocks to a 4th consecutive day of gains. JPMorgan's stumble dragged down Bank of America, which fell 1.7% while credit card firms benefited from JPMorgan saying consumers spent mroe on credit cards. American Express gained 1.9%.

NYT pB10 "Improved earnings help buoy Wall St." by Christine Hauser says upbeat results across three bellwether sectors reassured investors about the economy and drove stocks higher on Wed. Among the positve news included better than expected 3Q results from JPMorgan in addition strong results from SC and Intel helped promote buying.

Fin Times p30 "CSX speeds ahead as earnings lead industrials higher" by elisDemos says CSX reported record 3Q earnings which led US industrials to srong gains.

As of the open of the market Thursday, 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 14.91 up from Wednesday's P/E ratio of 14.87 (year ago it was 16.04) the P/E estimate is 13.15 unchanged from Wednesday's P/E estimate of 13.15 (year ago it was 15.84) and the current dividend yield is 2.54 down from yesterday's yield of 2.56 (it was 2.79 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,466.11 up 10 from Tuesday's closing numerator of 1,456.11. 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 for today by the divisor (0.132129493) you get the increase in today's Dow. 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 Wednesday's Dow Jones Industrial Average was $48.87 up 0.33 from Tuesday's Dow Jones Industrial Average average closing price of $48.54. The median closing price of Wednesday's Dow Jones Industrial Average was $39.55 (JPM/AXP) up 0.4815 from Tuesday's median price of $41.03. The lowest volume was 3M MMM $88.14 +0.99 1.12% 3,179,841 NYSE and the highest volume again was Bank of America BAC $13.29 -0.23 1.7% 173,895,110 NYSE.

If Wednesday 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 $1,000 ($146,611 - $145,611).

MarketWatch 10/13/10 Wednesday 4:13 pm by Nick Godt says U.S. stocks on Wednesday rose to their highest close since early May, lifted by upbeat earnings from technology bellwether Intel Corp. (INTC 19.22, -0.02, -0.10%) and financial giant JP Morgan Chase (JPM 39.84, -0.56, -1.39%) . The Dow Jones Industrial Average (DJIA 11,096, +75.68, +0.69%) gained 75.68 points, or 0.7%, to 11,096.08, marking its fourth consecutive session of gains and its highest close since May 3. The S&P 500 index (SPX 1,178, +8.33, +0.71%) rose 8.33 points, or 0.7%, to 1,178.10, lifted by its materials, industrials and energy sectors. The Nasdaq Composite (COMP 2,441, +23.31, +0.96%) rose 23.31 points, or 1%, to 2,441.23.

Wednesday's Dow Closing Numbers:

AT&T T $28.47 +0.08 0.28% 20,688,933 NYSE: No mentions found.

Alcoa AA $13.37 +0.17 1.29% 34,093,257 NYSE: No mentions found.

Amex AXP $39.26 +0.72 1.87% 19,450,021 NYSE: WSJ pC5 "Dow industrials hit 5 month high" by Jonathan Cheng says earnings report from JPMorgan and Intel helped lift the broader market even as they stumbled, sending US stocks to a 4th consecutive day of gains. JPMorgan's stumble dragged down Bank of America, which fell 1.7% while credit card firms benefited from JPMorgan saying consumers spent mroe on credit cards. American Express gained 1.9%.

Bank of Am BAC $13.29 -0.23 1.7% 173,895,110 NYSE: WSJ pC5 "Dow industrials hit 5 month high" by Jonathan Cheng says earnings report from JPMorgan and Intel helped lift the broader market even as they stumbled, sending US stocks to a 4th consecutive day of gains. JPMorgan's stumble dragged down Bank of America, which fell 1.7% while credit card firms benefited from JPMorgan saying consumers spent mroe on credit cards. American Express gained 1.9%.

NYT pA1 "Banks ignorred signs of trouble on foreclsoures" by Eric Dash, WSJ pC1 "JPMorgan wides its foreclosure review" by Dan Fitzpatrick, NYT pB1 "Chase acts to broaden foreclosure reviews" by Eric Dash say JPMorgan chase vowed to root out any flawed foreclosure sale paperwork as it widened its review of its practices in 41 US states. As of June 30, Bank of America was the largest mortgage servicer with Wells Fargo second and JPMorgan third.

Boeing BA $71.47 +1.25 1.78% 6,016,673 NYSE: No mentions found.

Caterpillar CAT $80.29 +0.95 1.2% 8,488,814 NYSE: No mentions found.

Chevron CVX $83.67 -0.17 0.2% 11,571,729 NYSE: No mentions found.

CSCO $23.18 ++0.56 2.48% 65,962,606 NASDAQ-GS: WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

DuPont DD $46.88 +0.59 1.27% 6,010,522 NYSE: No mentions found.

Exxon XOM $65.04 +0.34 0.53% 22,540,378 NYSE: No mentions found.

GE $17.28 +0.09 0.52% 60,632,535 NYSE: No mentions found.

Hewlett-Pac HPQ $42.21 +0.86 2.08% 24,576,445 NYSE: WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

Home Dep HD $31 -0.41 1.31% 15,246,889 NYSE: No mentions found.

Intel INTC $19.24 -0.53 2.68% 171,416,607 NASDAQ-GS: WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

IBM $140.37 +0.52 0.37% 8,763,508 NYSE: No mentions found.

JPMorgan Chase JPM $39.84 -0.56 1.39% 69,424,773 NYSE: Fin Times p18 "JPMorgan fails to ease investors' anxiety" by Francesco Guerrera, WSJ pC12 "JPMorgan's strength pays dividends" by David Reilly, Fin Times p16 "JPMorgan" say dividend days soon may be here for JPMorgan as it purchased in 3Q $2.2 bil of its own stock. For 3Q ending Sept JOM had net income of $4.4 bil compared with $3.6 bil in smae period '09. Earnings per share were $1.01, 23% higher than 0.82 recorded last year.

NYT pA1 "Banks ignorred signs of trouble on foreclsoures" by Eric Dash, WSJ pC1 "JPMorgan wides its foreclosure review" by Dan Fitzpatrick, NYT pB1 "Chase acts to broaden foreclosure reviews" by Eric Dash say JPMorgan chase vowed to root out any flawed foreclosure sale paperwork as it widened its review of its practices in 41 US states. As of June 30, Bank of America was the largest mortgage servicer with Wells Fargo second and JPMorgan third.

WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

JNJ $63.58 +0.29 0.46% 10,070,908 NYSE: No mentions found.

KFT $31.49 +0.34 1.09% 6,735,091 NYSE: No mentions found.

McDonald's MCD $75.75 +0.17 0.22% 4,368,655 NYSE: WSJ pA7 "Major grower to join wage plan" by Evan Perez says a major Fla tomato grower, Pacific Tomato Growers, said it wold join a program aimed at raising wages and improving working conditions for migrant fruit pickers, after years of boycotts and fed probes as major tomato buyers such as McDonald's have offered to pay a penny per pound surcharge.

MRK $37.16 +0.52 1.42% 9,733,658 NYSE: No mentions found.

Microsoft MSFT $25.34 +0.51 2.05% 74,493,121 NASDAQ-GS: WSJ pB7 "Facebook, Microsoft deepened search ties" by Geoffrey Fowler says Microsoft and Facebook unveiled a plan to improve the results of Microsoft's Bing search engine by tapping into peoples' social connections on Facebook, amping up the rivalry with Google.

WSJ pD1 "mac users are getting new outlook from rival" by Walger Mossberg says a better version of Microsoft Office is coming out Oct. 26 but it will be for its archrival Apple and will bestow upon the Mac a benefit heretofore available only on Windows Outlook such as the popular email, calendar and contacts programs.

WSJ pC1 "Dow rally gains pace as profits look solid" by Jonathan Chneg says stock market bulls have had the Fed Res & a brightening economic picture on their side in recent weeks. On Wed, the US corp. sector joined in with a burst of strong earnings that propelled stocks to a 5 month high. The day's gains were broad with 3/4 of the share volume advancing boosted by higher earnings from Intel and JPMorgan. The better than expected numbers didn't help the 2 firms themselves, which were among the worst blue chip performers. Still, JP organ's remarks on consumer lending lifted credit card firms. Intel's comments on stronger business spending made Cisco, Hewlett-Packard and Microsoft the three best Dow performers.

WSJ pC1 "Search shwos Google is poised fro success" by Amir Efrati says Google increased its commanding lead for search ad spending over Microsoft's Bing according to reports by Efficient Frontier and Searchignite.

Pfizer PFE $17.73 +0.251 1.44% 47,647,468 NYSE: No mentions found.

Procter & Gam PG $62.63 +0.61 0.98% 9,903,478 NYSE: No mentions found.

3M MMM $89.14 +0.99 1.12% 3,179,841 NYSE: No mentions found.

Travelers TRV $53.41 +0.59 1.12% 4,008,618 NYSE: No mentions found.

United Tech UTX $74.18 +1.20 1.64% 4,977,424 NYSE: No mentions found.

Verizon VZ $32.21 -0.33 1.01% 22,500,375 Dual Listed: No mentions found.

WalMart WMT $53.82 -0.10 0.19% 13,552,844 NYSE: WSJ pB1 "Walmart plans ssmall, urban stores" by Miguel Bustillo, Fin Times p17 "Walmart takes smaller format plan to growth" by Jonathan Birchall, say Walmart is planning to open dozens of small stores in the nation's cities, in an effort to push back against the dollar chains and other competition nibbling at its customers.

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 Leo Apotheker (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 9/12/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $311.5 [5]
2. Microsoft MSFT 209 [9]
3. WalMart WMT 189 [3.5]
4. Procter & Gamble PG 171 [3]
5. GE 171 [10.5]
6. Johnson & Johnson JNJ 165 [3]
7. AT&T T 164.5 [6]
8. IBM 161.5 [1]
9. Chevron CVX 158.5 [2]
10. JPMorgan Chase JPM 157.5 [4]
11. Pfizer PFE 136.5 [8]
12. Bank of America BAC 136 [10]
13. Coke KO 135 [2.5]
14. Cisco CSCO 118 [6]
15. Merck MRK 112.5 [3]
16. Intel INTC 100 [5.5]
17. Verizon VZ 91.5 [3]
18. Hewlett-Packard HPQ 89 [2.5]
19. McDonald's MCD 80 [1]
20. Disney DIS 66 [2]
21. United Technologies UTX 64 [1]
22. 3M MMM 60 [.5]
23. Kraft KFT 53.5 [2]
24. Home Depot 49.5 [1.5]
25.American Express AXP 48 [1]
26. Boeing BA 47 [1]
27. Caterpillar CAT 45 [.5]
28. DuPont DD 38 [1]
29. Travelers 23.5 [.5]
30. Alcoa AA 11.5 [1]

Here are the latest SEC filings as of 9/12/10 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: 9/2/10 8K re: issuance of 5.35% Notes due '40
8/19/10 8K re: agreement with Comm. Workers of America for a new 3 year contract for the 4,000 CWA workers in AT&T's East region
8/18/10 8K re: exchange offer of 5.35% Notes due '40 for outstanding 8.85% Sr. Notes of New Cingular Wireless due '31
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.

Alcoa AA: 8/24/10 8K re: tender offer for its 6% Notes due '12 & 5.3% Notes due '13
8/23/10 10Q/A amends prior 10Q
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: 8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems
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.

Caterpiller CAT: 8/26/10 10Q/A amends prior 10Q
8/19/10 8K re: July dealer statistics
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.

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 9/10/10 Prelim Proxy Stmt re: Annual Shareholders Meeting on 11/18/10 at Santa Clara, Cal.
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 9/27/10 8K re: settlement in Georgia of one of 3 shareholder class action suits challenging takeover of CCE
8/27 & 8/24 8Ks re: refiling of Hart-Scott-Rodino filing & similar filing with Candadian Corp. Bureau to give regulators more time to review acquisition of Coca-Cola Enterprises
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: 9/9/10 10Q
9/7/10 8K re; agreement to buy 3Par, Inc.
8/30/10 8K re: Board authorizing add'l $10 bil for share repurchases
8/23/10 8K re: proposal to buy 3Par for $24 per share cash
8/19/10 8K re: reporting 3Q results
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: 9/10/10 re: sale of 3.95% Sr. Note due '20 & 5.4% Sr. Notes due '40
9/2/10 10Q
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: 8/30/10 8K re: acquisition of Infineion's Wireless Business for $1.4 bil to close 1Q '11
8/27/10 8K re: lower expectations for 3Q result
8/19/10 8K re; transcript of conference call announcing acquisition of McAfee, Inc.
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: 8/31/10 8K re: FD disclosure re:change in reporting operating income
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 : 8/18/10 8K: re: offer of 2.95% Notes due '20 & 4.5% Notes due '40
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: 8/19/10 10Q/A amended prior 10Q
8/6/10 10Q 2Q 6/30/10
8/5/10 8K re: 2Q results
5/21/10 8K: re voting

McDonalds MCD: 9/10/10 8K re: global sales in Aug. up 4.9%
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: 9/7/10 8K re: arbitration re: Meck's rights to distribute Remicade & Simponi based on agreements from Merck's acquisition of Schering-Plough
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: 8/27/10 Proxy Stmt re: Annual Sahreholder Meeting to be held Tues. 10/12/10 at 9:00 am in Cincinnati, Ohio
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: 8/30/10 8K re: acquisition of Cogent Inc. for $10.50 per share or $943 mil.
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: 8/31/10 8K re: dedemption of 6.35% Notes due '11
8/19/10 8K re: deaprture of EVP Ari Bousbib to become CEO of IMS Health
7/26/10 10Q 1Q 6/30/10
7/21/10 8K re: 2Q results

Verizon Communications Inc. VZ: 9/10/10 8K re: reclassification of results due to spin off of assets as a result of Alltel acquisition
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: 9/1/10 10Q
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 Edwardo Castro-Wright as CEO for 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.
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