11/16/10 Tues pm Dow Closes at 11,023.5 down 178.47 or 1.59%

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Post No. 734 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 10/24/10 and an update of the Dow 30 component's SEC filings as of 10/24/10.

The Dow Jones Industrial Average closed Tuesday at 11,023.5 down 178.47 or 1.59% from Monday's close of 11,201.97. Of the 30 Dow Jones component companies 28 gained and Home Depot and Walmart declined. The biggest gainer dollar-wise and percentage-wise was Home Depot HD $31.71 +0.32 1.02% 25,597,001 NYSE. The biggest decliner dollar-wise and percentage wise was Chevron CVX $82.48 -2.38 2.8% 12,090,642 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of Mon's Wall St. Journal is 0.132129493. The trailing P/E is 14.32 up from Monday's 14.31 (year ago it was 18.02); the P/E estimate is 13.22 unchanged from Monday's 13.22 (year ago it was 15.82) and the dividend yield is 2.53 down from Monday's 2.54 (last year it was 2.67). 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 1,456.53 down 23.58 from Monday's closing numerator of 1,480.11. 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 decrease for today by the divisor (0.132129493) you get the decrease 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 Tuesday's Dow Jones Industrial Average was $48.55 down 0.89 from Monday's Dow Jones Industrial Average average closing price of $49.34. The median closing price of Tuesday's Dow Jones Industrial Average was $41.86 (AXP/HPQ) down 0.52 from Monday's closing median price of $42.62. The lowest volume was 3M MMM $84.24 -1.96 2.27% 5,685,008 NYSE and the highest volume was again Bank of America BAC $11.94 -0.16 1.32% 216,286,167 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 $2,358 ($148,011 - $145,653.)

MarketWatch Tuesday 11/16/10 4:23 pm by Kate Gibson Gibson says U.S stocks on Tuesday took their biggest single-day hit in more than three months as investors fretted about Ireland’s debt crisis and possible rate hikes in China. “The negative investor sentiment today is really the fault of the Irish, you’ve got the unresolved issue of Ireland’s terms of access to that emergency financial stabilization fund, and the market is trying to force a conclusion,” said Jeff Kleintop, chief market strategist at LPL Financial. “That lingering uncertainty over the fate of Ireland is certainly weighing on the euro, it’s weighing on the economic outlook for the euro-zone in total, the profit prospects for global companies and of course weighing on demand expectations for commodities,” Kleintop said. Two bright spots in the U.S. are Wal-Mart and Home Depot, but the fundamental picture still looks murky. The Dow Jones Industrial Average (DJIA 11,024, -178.39, -1.59%) tumbled 178.47 points, or 1.6%, to 11,023.5. Earlier in the session, the index fell more than 200 points, marking its first intraday lapse below 11,000 since Oct. 20. A close below 11,000 would have been its first since Oct. 19. Home Depot Inc. (HD 31.71, +0.32, +1.02%) and Wal-Mart Stores Inc. (WMT 54.26, +0.31, +0.57%) were the sole advancers among the Dow’s 30 components after both major retailers reported improved earnings. Continuing its losing streak into a fourth consecutive session, its longest such stretch since the end of August, the S&P 500 Index (SPX 1,178, -19.41, -1.62%) was off 19.41 points, or 1.6%, to 1,178.34, with natural-resource firms and the energy sector hardest hit among its 10 industry groups. The Nasdaq Composite Index (COMP 2,470, -43.98, -1.75%) declined 43.98 points, or 1.8%, to 2,469.84. For every stock that gained six fell on the New York Stock Exchange, where nearly 1.4 billion shares traded. Tallying its second severe selloff in three days, China’s Shanghai Composite skidded 4%. South Korean shares also dropped after a rate hike by the Bank of Korea. “People look at China as a consumer of goods, a source for exports, so the ripple effect with trying to deliberately slow the economy, that’s the fear,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. Moves by Asian nations that are contending with robust growth stood in contrast to concerns in Europe and the U.S., with the latter trying to push interest rates lower to spur lending and spending.
The U.S. government reported Tuesday that wholesale prices climbed less than expected in October, up 0.4%, bolstering the Federal Reserve’s take that inflation remains low due to slow economic growth. Without food and energy costs, prices fell 0.6%. A potential bailout for Ireland was on the agenda as European finance ministers gathered in Brussels. Read more about Ireland bailout talk. “We’ve seen yields on the 10-year Irish government bonds rise to about where Greek bonds yielded before they got a euro-zone bailout, Ireland’s stalling since they’re worrying about what strings might be attached to that aid and fear that Germany might pressure Ireland to raise their corporate tax rates,” said LPL’s Kleintop. Ireland’s fiscal trouble weighed on the euro and helped push the dollar higher against its currency rivals, with the dollar (DXY 79.20, +0.69, +0.87%) lately up to 79.188. “We have been benefiting from a weaker dollar,” said Pado, pointing to higher overseas sales for U.S. companies like General Electric Co. (GE 15.85, -0.01, -0.06%), which derives half of its revenue internationally. A cheaper dollar lowers the cost of a company’s goods and services for holders of other currencies.
“We want a strong currency, but not so strong as to hurt export business,” said Pado, who believes U.S. exports begin to take incremental hits once the dollar index gets above 80. In U.S. corporate news, home-improvement retailer Home Depot said its earnings rose 21% in the third quarter, although sales growth remained lackluster as consumers bypassed big-ticket purchases. Read about Home Depot’s results. Discount giant Wal-Mart’s results were helped by robust international business, as its quarterly profit was up 9.3%. See more on Wal-Mart. General Motors (GM 0.00, 0.00, 0.00%) hiked the proposed price range for its upcoming initial public offering to $32 to $33 a share from an initial range of $26 to $29. At the midpoint of the new range, GM would raise $13.6 billion, which would make it the second-richest common-stock IPO in U.S. history, behind Visa Inc.

Tueday's Closing Dow Numbers:

AT&T T $28.24 -0.39 1.36% 25,393,443 NYSE
Alcoa AA $13.03 -0.37 2.76% 32,900,071 NYSE
Amex AXP $41.93 -0.77 1.8% 11,337,637 NYSE
Bank of America BAC $11.94 -0.16 1.32% 216,286,167 NYSE
Boeing BA $62.78 -0.83 1.3% 9,584,489 NYSE
Caterpillar CAT $80.37 -1.45 1.77% 12,468,636 NYSE
Chevron CVX $82.48 -2.38 2.8% 12,090,642 NYSE
CSCO $19.435 -0.515 2.58% 212,096,289 NASDAQ-GS
Coke KO $62.08 -0.88 1.4% 11,804,229 NYSE
Disney DIS $36.92 -0.33 0.89% 12,142,511 NYSE
DuPont DD $45.68 -0.63 1.36% 9,108,045 NYSE
Exxon XOM $68.94 -1.54 2.19% 27,524,999 NYSE
GE $15.86 -0.34 2.1% 73,451,881 NYSE
Hewlett-Packard HPQ $41.8 -0.74 1.74% 22,343,435 NYSE
Home Depot HD $31.71 +0.32 1.02% 25,597,001 NYSE
Intel INTC $21.07 -0.225 1.06% 62,115,503 NASDAQ-GS
IBM $142.24 -1.40 0.97% 6,235,013 NYSE
JPMorgan JPM $39.61 -0.47 1.17% 45,552,969 NYSE
Johnson & Johnson JNJ $63.14 -1 1.56% 15,368,144 NYSE
KFT $30.34 -0.45 1.46% 10,549,800 NYSE
MCD $77.42 -1.65 2.09% 6,735,628 NYSE
MRK $34.1 -0.44 1.27% 21,826,610 NYSE
MSFT $25.81 -0.23 0.88% 65,083,855 NASDAQ-GS
Pfizer PFE $16.6 -0.15 0.9% 43,003,917 NYSE
Procter & Gamble PG $63.45 -0.84 1.31% 14,275,057 NYSE
3M MMM $84.24 -1.96 2.27% 5,685,008 NYSE
Travelers TRV $54.73 -2.05 3.61% 7,400,847 NYSE
United Tech UTX $74.16 -1.15 1.53% 5,963,063 NYSE
Verizon VZ $32.19 -0.58 1.77% 19,559,717 DualListed
Walmart WMT $54.26 +0.31 0.57% 23,425,717 NYSE




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Below are excerpts from Tues. morning's Blog.

A read of Tuesday's Wall St. Journal, Financial Times, Investor's Business Daily, 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 Monday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Monday at 11,201.97 up 9.39 or 0.08% from Friday's close of 11,192.58. For the year the Dow is up 7.46%. Of the 30 Dow Jones component companies 13 gained, American Express was unchanged and 16 declined. The biggest gainer dollar-wise was Boeing BA $63.61 +0.52 0.82% 10,955,104 NYSE and percentage-wise was JPMorgan JPM $40.08 +0.47 1.19% 28,488,162 NYSE. The biggest decliner dollar-wise was Chevron CVX $84.86 -0.58 0.68% 9,236,692 NYSE and percentage wise was JPMorgan JPM $40.08 +0.47 1.19% 28,488,162 NYSE.

Fin Times p26 "Edquities edge lower despite $8.6 bil deal by Caterpillar" by Hannah Kuchler says deal activity including an $8.6 bil move from Caterpillar failed to stop US stocks slipping late in the trading day. Caterpillar gained 1% of $81.82 after it agreed to buy Bucyrus Int'l in its largest deal ever.

WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

Inv. Bus. Daily pA1 "Stocks end mixed afer late day slide" by Vincnet Mao says stocks tried to rebound from last week's sell off, but had to settle for a mixed finish Mon after some lae selling ate away gains. The current outlook is uptrend under pressure.

NYT pB9 "Bond sell-off in spite of intervention by Fed puzzles trades & analysts" by Graham Bowley says the Fed Reserve's announcement this month that it ws intervening in fin'l markets was intended to push down interest rates to get the economy moving but the opposite has happened. Bond markets again sold off pushing the 10 yer Treasury yield to 2.96%.

USA Today p5B "Stocks drop back after big early gains" by Bloomberg says the stock market erased most of an 88 point rise in the Dow as increased criticism of the Fed's plan to stimulate growth drove Treasury yeilds higher.

Monday's Dow Jones Industrial Average closing numerator was 1,480.11 up 1.24 from Friday's closing numerator of 1,478.87. 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 Monday's Dow Jones Industrial Average was $49.34 up 0.04 from Friday's Dow Jones Industrial Average average closing price of $49.30. The median closing price of Monday's Dow Jones Industrial Average was $42.62 (AXP/HPQ) up 0.18 from Friday's closing median price of $42.44. The lowest volume was 3M MMM $86.2 -0.04 0.05% 3,126,945 NYSE and the highest volume was again Bank of America BAC $12.1 -0.02 0.17% 110,558,021 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 $124 ($148,011 - $147,887.)

MarketWatch Monday 11/15/10 4:24 pm by Kate Gibson Gibson says U.S stocks
lost the bulk of their gains Monday as Treasury prices fell sharply, denting cheer that prevailed most of the day after a jump in retail sales and a large acquisition by Caterpillar Inc. “Treasurys are getting splattered and 10-year yields are at three-month highs; if rates are going up, it’s not a good thing for equities. This is the Fed’s worst nightmare,” said Peter Boockvar, equity strategist at Miller Tabak. The Fed's latest attempt to boost the economy is coming under fire from Republican economists and politicians, who threaten to yank the central bank deeper into partisan politics. Treasury prices thudded lower on a report that a Moody’s Investors Service analyst said extending the Bush tax cuts would be bad for the U.S. credit rating. Finishing about 80 points away from its session high, the Dow Jones Industrial Average (DJIA 11,202, +9.54, +0.09%) ended up 9.39 points at 11,201.97. The blue-chip benchmark closed Friday at its lowest level since Nov. 2. The S&P 500 Index (SPX 1,198, -1.46, -0.12%) lost 1.46 points to 1,197.75, with the financial sector performing best among its 10 industry groups and natural-resource companies faring the worst. The Nasdaq Composite Index (COMP 2,514, -4.39, -0.17%) declined 4.39 points to 2,513.82. For every eight stocks that fell, about seven rose on the New York Stock Exchange, where nearly 880 million shares traded. The Commerce Department reported that retail sales climbed 1.2% last month on increased appetite for automobiles.“Investors are feeling mildly comforted that Christmas might not be a total disaster,” said Paul Nolte, managing director at Dearborn Partners, of the better-than-expected retail-sales data ahead of the holiday shopping season. Another report had manufacturing in the New York region contracting in November for the first time in more than a year. See more on downturn in Empire State factory index. Construction-machinery giant Caterpillar (CAT 81.85, +0.03, +0.04%) said it would acquire mining-equipment maker Bucyrus International Inc. (BUCY 89.85, +0.05, +0.06%). "The Caterpillar deal this morning is important in the sense of does Caterpillar think we’ll continue to see commodities go to the moon here, and they are at least bullish on economic growth,” said Jay Suskind, senior vice president at Duncan-Williams Inc. On Monday, commodities were mixed as the U.S. dollar gained alongside equities. Gold futures finished up $3 at $1,368.50 an ounce, and crude-oil futures slipped below $85 a barrel on the New York Mercantile Exchange. The dollar index (DXY 78.61, +0.53, +0.68%) was recently at 78.607, up from 78.106 late Friday. “We saw the dollar rally last week on China’s comments that they’re going to raise interest rates. But we need it to get above 80 before we can say the trend has changed; at least then, the downtrend we’ve seen for much of this year will have been broken, strictly from a technical basis,” said Dearborn Partners’ Nolte. Caterpillar wasn’t alone on the acquisition front, with data-storage company EMC Corp. (EMC 21.70, +0.25, +1.17%) saying it would buy Isilon Systems Inc. (ISLN 33.80, +0.03, +0.09%) for $2.25 billion. On the earnings front, Lowe’s Cos. (LOW 21.83, +0.37, +1.72%) reported an increase in third-quarter profit, but the home-improvement retailer cut its full-year earnings forecast. After the close, retailers Urban Outfitters Inc. (URBN 33.17, +0.44, +1.33%) and Nordstrom Inc. (JWN 40.60, -1.23, -2.94%) are both scheduled to report their quarterly results. Before Tuesday’s open, Wal-Mart Stores Inc. (WMT 53.97, +0.02, +0.04%) will report its third-quarter results, with analysts looking for signs of improvement from the world’s largest retailer. Also on tap Tuesday, Apple Inc. (AAPL 307.16, +0.13, +0.04%) says it will make an announcement about its iTunes Store, now the top music retailer in the U.S. Later in the week, General Motors Co. will make an initial public offering, with the auto maker earlier in the month saying its common shares would sell for $26 to $29 apiece. That range is now likely pegged at $31 to $33 a share, a person familiar with the matter told The Wall Street Journal.

Monday's Closing Dow Numbers and Tuesday's News:

AT&T T $28.63 +0.17 0.6% 23,121,699 NYSE: WSJ pB10 "AT&T raises its price for Galaxy tab computer" by Roger Cheng says Verizon isn't the only US carrier going the no subsidy route with Samsung Electronic's new Galaxy Tab as AT&T said it, too, will sell the tablet computer at full price of $649 about $50 more than Verizon.

WSJ pB8 "Details expected on mobile payment venture" by Roger Cheng says Verizon, AT&T and T-Mobile have picked a GE exec to run the jv they are setting up to let people make payments with their mobile phones. The exec is Michael Abbott former chief marketing officer for credit cards at GE Capital

Alcoa AA $13.4 -0.09 0.67% 18,379,598 NYSE: No mentions found.

Amex AXP $42.7 unch unch 6,054,804 NYSE: Inv. Bus. Daily pA1 "Credit card delinquencies fall" says Oct data from Capital One, American Express, Bank of America, JPMorgan Chase & Discover showed that late credit card payments fell to their lowest level of the year.

Bank of Am BAC $12.1 -0.02 0.17% 110,558,021 NYSE: Inv. Bus. Daily pA1 "Credit card delinquencies fall" says Oct data from Capital One, American Express, Bank of America, JPMorgan Chase & Discover showed that late credit card payments fell to their lowest level of the year.

NYT pB1 "Voices of foreclosure speak daily about desperation and misery" by Nelson Schwartz focuses ona Bank of America's call center in Calif that deals with upset homeowners whose mortgages are in default.

Boeing BA $63.61 +0.52 0.82% 10,955,104 NYSE: WSJ pB5 "China unveils jet mockup in bid to battle air rivals" by Jeremy Page says China unveiled a mockup of a large passenger jet to compete with Boeing and Airbus, predicting that hundreds of orders would be placed during this week's Zhuhai air show. GE's leasing arm may also be a buyer of the C919 which is meant to compete with Boeing's 737 and EADS' A320.

Caterpillar CAT $$81.82 +0.78 1% NYSE: WSJ pB1 "Catepilalr digs deeper in mining" by James Hagerty, Fin Times p1 "Caterpillar strikes $8.6 bil Bucyrus deal" by Hal Weitzman, Inv. Bus Daily "Caterpillar bets on commodity demand in Bucyrus takeover" by Norm Alster, NYT pB6 "Caerpillar buys Bucyrus Inte'l, an equpment maker, for $7.6 Bil" by Thomas Kaplan, USA Tkoday p1B "Cagterpillar buysmaker of mining gear" say Caterpillar is buying Bucyrus International a US manufacturer of mining machinery and is the latest sign of booming commodities activity as demand in China and other emerging nations tightens mining markets ranging from copper to iron ore. Caterpillar will pay $7.6 bil and assume $1 bil of debt.

Fin Times p26 "Edquities edge lower despite $8.6 bil deal by Caterpillar" by Hannah Kuchler says deal activity including an $8.6 bil move from Caterpillar failed to stop US stocks slipping late in the trading day. Caterpillar gained 1% of $81.82 after it agreed to buy Bucyrus Int'l in its largest deal ever.

WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

Chevron CVX $84.86 -0.58 0.68% 9,236,692 NYSE: No mentions found.

CSCO $19.95 -0.20 0.99% 137,039,222 NASDAQ-GS: WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

Coke KO $62.96 +0.04 0.06% 11,458,126 NYSE: Fin Times p17 "PepsiCo chief shifts focus to juices, teas & sports drinks" by Greg Farrell says Pepsi is also focusing on healthy foods via its Quaker Oaks unit. Pepsi is following Coke's lead in hiring nutritionists to reduce the fa and sodium in its foods and the sugar in its drinks. Coke's beverage volume in N. Amer dropped only 2% in '09 despite a bad economy and cooler summer. Coke has a 17% share of the US soft drink market compared to Pepsi's 9.9%.

Disney DIS $37.25 -0.50 1.32% 11,627,116 NYSE: WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

DuPont DD $46.31 -0.21 0.45% 5,180,302 NYSE: No mentions found.

Exxon XOM $70.48 -0.51 0.72% 18,729,430 NYSE: No mentions found.

GE $16.2 -0.05 -0.31% 39,056,923 NYSE: WSJ pB5 "China unveils jet mockup in bid to battle air rivals" by Jeremy Page says China unveiled a mockup of a large passenger jet to compete with Boeing and Airbus, predicting that hundreds of orders would be placed during this week's Zhuhai air show. GE's leasing arm may also be a buyer of the C919 which is meant to compete with Boeing's 737 and EADS' A320.

WSJ pB8 "Details expected on mobile payment venture" by Roger Cheng says Verizon, AT&T and T-Mobile have picked a GE exec to run the jv they are setting up to let people make payments with their mobile phones. The exec is Michael Abbott former chief marketing officer for credit cards at GE Capital

Hewlett-Packard HPQ $42.54 +0.33 0.78% 14,453,817 NYSE: NYT pB4 "A little extra on the road" by Liz Galst says fudging gravel expenses is widespread and on the rise and gives the example of former CEO of Hewlett-Packard Mark Hurd as an example.

WSJ pB8 "SAP Chief apologizes to Oracle" by Jeanette Borzo says SAP's ceo aplogized to Oracle fromt he witness stand for copyright infringement in a trail between the 2. Apparently Leo Apotheker former SAP CEO Leo Apotheker, now CEO of Hewlett-Packard, won't testify as he hasn't been found to be sserved with a subpoena.

Home Depot HD $31.39 -0.05 0.16% 9,626,176 NYSE: WSJ pC1 "Searching for holiday cheer in the fridge" by John Jannarone says Home Depot's stock has risen only 10% compared to retailers like Pier 1 and Williams Sonoma since the start of the year as consumers aren't paying for more expensive items like appliances and cabinery

Intel INTC $21.295 -0.235 1.09% 49,364,344 NASDAQ-GS: WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

IBM $143.64 -0.10 0.07% 3,809,881 NYSE: No mentions found.

JPMorgan JPM $40.08 +0.47 1.19% 28,488,162 NYSE: Inv. Bus. Daily pA1 "Credit card delinquencies fall" says Oct data from Capital One, American Express, Bank of America, JPMorgan Chase & Discover showed that late credit card payments fell to their lowest level of the year.

WSJ pC5 "Dow rises 9.39 as rally sputters" by Donna Yesalavich says a rally in US stock on stronger than expected retails ales fizzled out late in the session as weak regional manufacturing data contributed to persisting worries about the economy. Disney was the Dow's worst performer, off 50 cents, as the stock erased part of its strong Fri climb. Intel also was weak with a drop of 23 cents while Cisco fell 20 cents. JPMorgan and Caterpillar kept the Dow int he black, contributing a combined 9.7 points. JPMorgan rose after it said it ore than doubled the amount fo loans it ahs offered through the Small Bus. Admin. Caterpillar climbed 78 cents after it said it will buy Bucyrus. Bucyrus is charted under Good News.

Johnson & Johnson JNJ $64.14 +0.47 0.74% 12,645,831 NYSE: NYT pB6 "Good news & bad from a heart study" Gina Kolata says the drug Natrecor made by Johnson & Johnson doesn't increase risks but doesn't relieve heart failure. Merck is also in the midss of a study hagt started in '0 and will be done '13 involving 18,000 patients on its cholesterol drugs.

KFT $30.79 +0.17 0.56% 7,975,886 NYSE: No mentions found.

MCD $79.07 +0.22 0.28% 3,738,509 NYSE: No mentions found.

Merck MRK $34.54 -0.17 0.49% 13,048,415 NYSE: NYT pB6 "Good news & bad from a heart study" Gina Kolata says the drug Natrecor made by Johnson & Johnson doesn't increase risks but doesn't relieve heart failure. Merck is also in the midss of a study hagt started in '0 and will be done '13 involving 18,000 patients on its cholesterol drugs.

MSFT $26.2 -0.07 0.27% 50,911,685 NASDAQ-GS: No mentions found.

Pfizer PFE $16.75 -0.10 0.59% 36,299,778 NYSE: WSJ pB7 "Pfizer sets pact with university" by Jonathan Rockoff says Pfizer will collaborate with U of Cal, SF to spur the discovery of new medicines, int he latest instance of a drug maker tapping outside experts for R&D.

Procter & Gamble PG $64.29 -0.04 0.06% 10,812,027 NYSE: Fin Times p20 "Investors skeptical as Unilever pursues bold growth plan" by Louise Lucas says Unilever confounded expectations this month by expanding rather than contracting operating margins in 3Q. Shares of Unilever are lagging behind its rival, Procter & Gamble.

3M MMM $86.2 -0.04 0.05% 3,126,945 NYSE: No mentions found.

TRV $56.78 +0.47 0.83% 4,613,795 NYSE: No mentions found.

United Tech UTX $75.31 +0.43 0.57% 4,717,504 NYSE: No mentions found.

Verizon VZ $32.77 +0.21 0.64% 14,202,885 Dual Listed: WSJ pB10 "AT&T raises its price for Galaxy tab computer" by Roger Cheng says Verizon isn't the only US carrier going the no subsidy route with Samsung Electronic's new Galaxy Tab as AT&T said it, too, will sell the tablet computer at full price of $649 about $50 more than Verizon.

WSJ pB8 "Details expected on mobile payment venture" by Roger Cheng says Verizon, AT&T and T-Mobile have picked a GE exec to run the jv they are setting up to let people make payments with their mobile phones. The exec is Michael Abbott former chief marketing officer for credit cards at GE Capital.

Walmart WMT $53.95 -0.18 0.33% 11,444,949 NYSE: Inv. Bus Daily pA2 "Walmart readies for price war" says WMT announced upcoming deep holiday discounts and expanded store hours as it tries to fend off price competition from Sears, Kmart and Toys R Us.

USA Today p6B "Walmart's TV promotion leaves some customers irked." by Jayne O'Donnell says many people coldn't order deeply discounted TVs that were advertised on TV.

*********************
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 10/24/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $338 [5]
2. Microsoft MSFT 219.5 [9]
3. WalMart WMT 196.5 [3.5]
4. Procter & Gamble PG 180 [3]
5. IBM 176 [1]
6. Johnson & Johnson JNJ 176 [3]
7. GE 171.5 [10.5]
8. Chevron CVX 170 [2]
9. AT&T T 167 [6]
10. JPMorgan Chase JPM 149 [4]
11. Coke KO 142 [2.5]
12. Pfizer PFE 140 [8]
13. Cisco CSCO 134 [6]
14. Bank of America BAC 115 [10]
15. Merck MRK 114 [3]
16. Intel INTC 110.5 [5.5]
17. Hewlett-Packard HPQ 97 [2.5]
18. Verizon VZ 95 [3]
19. McDonald's MCD 83.5 [1]
20. United Technologies UTX 69.5 [1]
21. Disney DIS 67 [2]
22. 3M MMM 64.5 [.5]
23. Kraft KFT 55.5 [2]
24. Home Depot 52.5 [1.5]
25. Boeing BA 52 [1]
26. Caterpillar CAT 49 [.5]
27. American Express AXP 47 [1]
28. DuPont DD 42.5 [1]
29. Travelers 26 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 10/24/10 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: 10/21/10 & 10/10/10 2 8K's re: 3Q earnings of $2.08 per share
10/1/10 8K re: settlement with IRS to pay $300 mil re: '08 tax returns
9/3/10 8K re: increasing Board from 12 to 13 & election of Matthew K. Rose as director
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

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
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

American Express AXP: 10/21/10 8K re: 3Q results
10/15/10 8K re: delinquency & write-off statistics
10/4/10 8K re: antitrust lawsuit filed by US Dept. of Justice accusing Amex of forcing merchants not to use competitors' services
9/15/10 8K re: delinquency & write-off stats
9/15/10 8K re: changes to certain credit cards
8/16/10 2 8Ks re: delinquency and write-off statistics

Bank of Am BAC: 10/20/108K re: registration of 50,354,545 shares
10/19/10 8K re: 3Q results
10/8/10 8K re: extension of BofA's review of foreclosures in all 50 states
8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments

Boeing BA: 10/10/10 10Q re: 3Q ended 9/30/10
10/10/10 8K re: 3Q results of $1.12 per share
8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems

Caterpiller CAT: 10/21/10 8K re: Sept. dealer stats
10/21/10 8K re: 3Q results
9/30/10 8K re: change of prices
9/21/10 8K re: credit facility
9/17/10 8K re: dealer stats

Chevron CVX: 10/12/10 *K re: 3Q fin'l update
9/30/10 8K re: bylaws amendments
8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results

Cisco CSCO 9/28/10 Def. Proxy materials
9/22/10 8K re: stock trading plans for directors
9/21/10 10K for year ended 7/31/10
9/16/10 8K re: award of employee stock options
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

Coke KO 10/19/10 8K re: 3Q fin'l results
10/5/10 8K re: completion of buyout of Coca-Cola Enterprises
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: 10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
10/3/10 8K re: 3Q earnings'9/28/10 8K re: NBC Universal offer to sell notes in a private placement
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

Hewlett-Packard HPQ: 10/18/10 8K re: election of Leo Aptheker as Pres/CEO
9/28/10 8K re: outlook for fiscal year '11
9/20/10 8K re: resolving litigation against ex-CEO mark Hurd
9/13/10 8K re: sale of Global Notes
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

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

Intel INTC: 10/13/10 & 10/12/10 2 8Ks re: results for 3Q ended 9/25/10
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.

IBM:10/19/10 & 10/18/10 2 8Ks re: results for 3Q ended 9/30/10
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

JPMorganChase JPM: 10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
10/13/10 8K re: 3Q results of $1.01 per share
9/15/10 8K re: presentation to a US fin'l services investor conference
8/6/10 10Q 2Q 6/30/10

Johnson & Johnson JNJ : 10/19/10 8K re: results for 3Q ended 10/3/10
10/6/10 SC TO-C re: tender offer to buy Crucell N.V.
10/1/10 8K re; completion of acquisition of Micrus Endovascular Corp.
9/16/10 re: retirement of Colleen Goggins, Worldwide Chair of Consumer Group
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: 10/6/10 & 9/20/10 2 8Ks re: buyback of 5.125% Cadbury Notes due '13
9/15/10 8K re: new global growth strategy
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: 10/21/10 8K re: 3Q earnings rise 12%
9/24/10 8K re: dividend increase of 11% to 0.61 per share
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

Merck MRK:10/14/10 8K re: status of Remicade & Simponi arbitration
9/7/10 8K re: arbitration re: Merck'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.

Microsoft MSFT: 10/22; 10/12; 10/14; 10/1 & 9/30/10 Proxy Statement materials re: Annual Shareholder Meeting to be held on 11/16/10 at 8am at Meydenbauer Center, Bellevue WA
9/27/10 8K re: sale of notes
9/13/10 8K re: resignation of Stephen Elop as Pres. of Microsoft Bus. Div. to become CEO of Nokia
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:10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's pruchase of King Pharmaceuticals, Inc.
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: 10/14/10 8K re: voting results from 10/12/10 Annual Shareholders Meeting
10/12/10 8K re: dividend of 0.4818 cents per share
10/12/10 8K re: CEO's address at Annual Shareholders Meeting
8/27/10 Proxy Stmt re: Annual Shareholder 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.

3M MMM:10/8/10 SC TO-T/A re: tender offer statement re: Cogent offer
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:10/21/10 8K & 10Q re: 3Q ended 9/30/10
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

United Technologies UTX:10/20/10 8K re: 3Q results
9/24/10 8K re: departure of certain officers
8/31/10 8K re: redemption of 6.35% Notes due '11
8/19/10 8K re: departure 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: 10/22/10 8K re: 3Q results
10/18/10 8K re: in'l info re: divestitures relating to 1/09 acquisition of Alltel Corp.
9/20/10 8K re: appointment of Verizon Wireless Pres/CEO Lowell C. McAdams as Pres/COO of Verizon Communications effective 10/1/10
9/13/10 8K re: retirement of John F. Killian as CFO
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:10/22/10 8K re: issuance of Notes due 2013
9/29/10 8K re: election of Charles Holley as CFO
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.
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Post No. 745 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 and recent Dow 30 component's SEC filings.

The Dow Jones Industrial Average closed Tuesday at 11,152.09 down 51.46 or 0.46% from Monday's close of 11152.09. Of the 30 Dow Jones component companies gained and declined. The biggest gainer dollar-wise and percentage-wise was NYSE. The biggest decliner dollar-wise and percentage-wise was NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of Mon's Wall St. Journal is 0.132129493. The trailing P/E is 14.26 down from Monday's 14.30 (year ago it was 18.10); the P/E estimate is 13.17 unchanged from Monday's 13.17 (year ago it was 16.04) and the dividend yield is 2.55 up from Monday's 2.54 (last year it was 2.67). 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 1,473.52 down 6.80 from Monday's closing numerator of 1,473.52. 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 for today by the divisor (0.132129493) you get the decrease 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 Tuesday's Dow Jones Industrial Average was $49.12 down 0.22 from Monday's Dow Jones Industrial Average average closing price of $49.12. The median closing price of Tuesday's Dow Jones Industrial Average was $42.73 (HPQ/AXP) up 0.14 from Monday's closing median price of $42.73. The lowest volume was 3M MMM $84. NYSE and the highest volume was again Bank of America BAC $11. 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 $ ($147,352)

MarketWatch Tuesday 11/23/10 4: pm by Donna Yesalavih says U.S stocks



Tuesday's Closing Dow Numbers:


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The following are excerpts from Tues morning's Blog.

A read of Tuesday's Investor's Business Daily, Wall St. Journal, 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 Monday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Monday at 11,152.09 down 51.46 or 0.46% from Friday's close of 11203.55. For the year the Dow is up 7.20%. Of the 30 Dow Jones component companies 8 gained and 22 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $43.25 +0.76 1.79% 31,681,538 NYSE. The biggest decliner dollar-wise and percentage-wise was American Express AXP $42.22 -0.53 1.24% 7,542,659 NYSE.

WSJ pC5 "DJIA ends down after a deeper dive" by Kristina Peterson says fin'l stocks led the Dow lower on Mon amid developments in a far reaching insider trading investigation & Ireland's debt woes. leading the Dow's fall, Bank of America shed 36 cents and JPMorgan lost 90 cents. Hewlett-Packard was the Dow's biggest gainer, rising 76 cents ahead of the firm's quarterly earnings report after the close.

Fin Times p24 "Tech sector gains help offset poor day for fin'ls" by Hannah Kuchler says the fin'l sector slumped after the Irish bailout spread fears of further problems for European banks but rising tech shares helped the wider US indices end the day mixed. JPMorgan was down 2.3%.

Inv Bus Daily pA2 "Major indexes end mixed" by Paul Whitfield says stocks showed conflicting action Mon but top rated issues advanced confidently. The market's action was mixed in lower volume and the current outlook is the market is in a correction.

NYT pB8 "Indexes rally from a slow start to end the day mixed" by AP says stock indexes on Mon started the morning down but apred their losses to end he day mixed amid anxiety over Europe's fin'l crisis and a widening inquiry into insider trading on Wall St.

USA Today p4B "Irish troubles have stocks bogging down" by Bloomberg says stocks were lowe Mon, ending a 3 session gain in the S&P 500 amid speculation an Irish bailout will fail to stem Europe's debt crisis and as fed agents raided hedge funds to probe insider trading.

Monday's Dow Jones Industrial Average closing numerator was 1,473.52 down 6.80 from Friday's closing numerator of 1,480.32. 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 for today by the divisor (0.132129493) you get the decrease 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 Monday's Dow Jones Industrial Average was $49.12 down 0.22 from Friday's Dow Jones Industrial Average average closing price of $49.34. The median closing price of Monday's Dow Jones Industrial Average was $42.73 (HPQ/AXP) up 0.14 from Friday's closing median price of $42.59. The lowest volume was 3M MMM $84.9 -0.11 0.13% 2,976,216 NYSE and the highest volume was again Bank of America BAC $11.3 -0.36 3.09% 220,610,011 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 $680 ($148,032 - $147,352)

MarketWatch Monday 11/22/10 4:51 pm by Donna Yesalavih says U.S stocks declined Monday, pressured by financials as new details of a widespread insider-trading investigation emerged and worries surfaced over Ireland’s debt woes. The Dow Jones Industrial Average (DJIA 11,179, -24.74, -0.22%) closed down 24.97 points, or 0.22%, at 11,178.5. The measure had been down by more than 100 points earlier in the day as investors worried over the stability of the euro zone. Stocks are down in Europe and the US, and the euro is falling as Ireland's preliminary agreement on a bailout has only focused the markets on the next domino to fall, with many pointing to Portugal. Leading the Dow’s declines, Bank of America Corp. (BAC 11.31, +0.01, +0.09%) , fell 3.1%, and J.P. Morgan Chase & Co. (JPM 38.58, +0.07, +0.18%) slid 2.3%. Oil giants Exxon Mobil Corp. (XOM 70.17, -0.02, -0.03%) and Chevron Corp. (CVX 83.53, +0.08, +0.10%) also were weak, but pared some of their losses as oil climbed back above $81 a barrel. Exxon shed 0.5%, while Chevron fell 0.6%. Hewlett-Packard Co. (HPQ 44.28, +1.03, +2.38%) was the measure’s top performer, rising 1.8% ahead of the company’s quarterly earnings report, due after the close.
The market tumbled early Monday after Ireland over the weekend agreed to accept a bailout, formally applying for tens of billions of euros in aid from the European Union and the International Monetary Fund. Later in the day, stocks pared their losses after Irish Prime Minister Brian Cowen said he would call for the dissolution of parliament in the new year after a vital budget vote Dec 7. Investors said the bailout package alone wouldn’t fix Ireland’s debt woes. “This is not a liquidity question, it’s a solvency question,” said Michael Pento, senior economist at Euro Pacific Capital. “We need to have a massive restructuring of the debt over there.” Other investors worried that other euro-zone nations still faced the threat of “spillover effects,” said Christian Hviid, chief market strategist at Genworth Financial Asset Management. “It wasn’t too long ago that Ireland said they didn’t need a bailout. It’s sort of telling that there’s really no clarity as to whether or not even policymakers really know how big the problem is.” The Standard & Poor’s 500 Index (SPX 1,198, -1.89, -0.16%) shed 1.89, or 0.16%, to 1,197.84. Financials were the index’s worst-performing sector. “It’s a reminder to us, seeing what’s going on with the European banks, that our banks are also insolvent,” said Michael Pento, senior economist at Euro Pacific Capital. Stoking fresh worries for the financial sector, The Wall Street Journal reported that Federal Bureau of Investigation agents raided the offices of three hedge funds, Diamondback Capital Management LLC, Level Global Investors LP and Loch Capital Management LLC, amid a far-reaching insider-trading investigation. Investors said they were bracing for financials to take a hit as more details of the investigation surface.
“It is the brokerage and the investment bankers that are going to be the most likely targets of these investigations,” said Robert Phipps, a director at Per Stirling Capital Management. Leading the sector’s declines, Marshall & Ilsley (MI 4.76, +0.02, +0.42%) fell 4.6% and Regions Financial (RF 5.30, -0.05, -0.93%) fell 2.7%. The Nasdaq Composite Index (COMP 2,532, +13.90, +0.55%) edged up 0.1% to 2,520. The index was boosted by a 6.6% jump in Novell Inc. An investor group reached a deal to acquire Novell (NOVL 5.95, -0.01, -0.17%) for about $2.2 billion, ending an eight-month takeover battle for the software company.
The U.S. dollar index (DXY 78.63, +0.12, +0.16%) , which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys increased, pushing yield on the 10-year note down to 2.64%. Gold futures rose. Shares of Tyson Foods Inc. (TSN 16.55, -0.05, -0.30%) rose 6.1% after the meat packer rebounded from a prior-year loss, posting earnings that topped analysts’ estimates. Green Mountain Coffee Roasters Inc. (GMCR 35.60, -0.18, -0.50%) surged 18% after the coffee company said it plans to restate its financial statements for the past three fiscal years and the first three quarters of this year because of errors, bringing it closer to resolving its accounting issues after the Securities and Exchange Commission announced a probe of the company in September. Bank of America Merrill Lynch upgraded its stock-investment rating on Green Mountain to buy from underperform.

Monday's Closing Dow Numbers and Tuesday's News:

AT&T T $28.29 -0.03 0.11% 19,775,257 NYSE: No mentions found.

Aloca AA $13.29 -0.09 0.67% 17,399,585 NYSE: No mentions found.

American Express AXP $42.22 -0.53 1.24% 7,542,659 NYSE: No mentions found.

Bank of America BAC $11.3 -0.36 3.09% 220,610,011 NYSE: WSJ pC5 "DJIA ends down after a deeper dive" by Kristina Peterson says fin'l stocks led the Dow lower on Mon amid developments in a far reaching insider trading investigation & Ireland's debt woes. leading the Dow's fall, Bank of America shed 36 cents and JPMorgan lost 90 cents. Hewlett-Packard was the Dow's biggest gainer, rising 76 cents ahead of the firm's quarterly earnings report after the close.

Boeing BA $64.03 +0.44 0.69% 5,896,016 NYSE: No mentions found.

Caterpillar CAT $84 +0.03 0.04% 6,383,391 NYSE: No mentions found.

Chevron CVX $83.45 -0.49 0.58% 6,790,359 NYSE: No mentions found.

CSCO $19.56 -0.05 0.25% 65,283,103 NASDAQ-GS: No mentions found.

Coke KO $64.27 -0.05 0.08% 16,765,561 NYSE: No mentions found.

Disney DIS $36.95 -0.06 0.16% 6,490,034 NYSE: No mentions found.

DuPont DD $46.8 -0.30 0.64% 7,990,017 NYSE: No mentions found.

Exxon XOM $70.19 -0.35 0.5% 18,739,992 NYSE: WSJ pB4 "Energy XXI buys Exxon Gulf assets" by Alex MacDonald says Bermuda based Energy XXI Ltd said it has acquired 9 US Gulf of Mexico oil and natural gas stakes from Exxon obil for $1.01 bil.

GE $16.03 -0.19 1.17% 65,310,860 NYSE: No mentions found.

Hewlett-Packard HPQ $43.25 +0.76 1.79% 31,681,538 NYSE: Inv. Bus Daly pA4 "HP's Q4 results beat views as server, storage sales jump 25%" by J. Bonasia, WSJ pC5 "DJIA ends down after a deeper dive" by Kristina Peterson say, NYTimes pB3 "HP surpasses forecasts with 5% jump in profit" by Laurie Flynn, WSJ pB1 "HP chief surfaces, mum on strategy" by Ben Worthen, USA Today p1B say 3 weeks after taking the helm of Hewlett-Packard, new CEO Leo Apotheker had his first public excahnge with analysts but gave few hints about the direction he will take with the firm. HP posted a 5% increase in profit and an 8% rev jump for its quarter ended 10/31. For its 4Q, HP had rev of $33.3 bil, up from $30.8 bil last year and profit increased to $2.5Bil from $2.4 Bi.

Home Depot HD $31.09 -0.13 0.42% 23,101,147 NYSE: No mentions found.

Intel INTC $21.25 +0.115 0.54% 40,178,304 NASDAQ-GS: No mentions found.

IBM $145.39 +0.34 0.23% 3,693,270 NYSE: No mentions found.

JPMorgan JPM $38.51 -0.90 2.28% 33,065,767 NYSE: WSJ pC5 "DJIA ends down after a deeper dive" by Kristina Peterson says fin'l stocks led the Dow lower on Mon amid developments in a far reaching insider trading investigation & Ireland's debt woes. leading the Dow's fall, Bank of America shed 36 cents and JPMorgan lost 90 cents. Hewlett-Packard was the Dow's biggest gainer, rising 76 cents ahead of the firm's quarterly earnings report after the close.

Fin Times p24 "Tech sector gains help offset poor day for fin'ls" by Hannah Kuchler says the fin'l sector slumped after the Irish bailout spread fears of further problems for European banks but rising tech shares helped the wider US indices end the day mixed. JPMorgan was down 2.3%.

Johnson & Johnson JNJ $63.62 -0.21 0.33% 11,059,993 NYSE: WSJ pB2 "J&J recalls more children's Benadryl, Motrin says Johnson & Johnson recalled more children's Benadryl and Motrin due to manufacturing problems. Recalled are 4 mil packages of Benadryl allergy tablets and 800,000 bottles of Motrin caplets.

Kraft KFT $30.55 +0.11 0.36% 7,052,754 NYSE: Inv Bus. Daily pA3 "He crafted a cheese empire" is a profile by Doug Gsuruoka on James L. Kraft who founded Kraft in 1914.

McDonald's MCD $79.52 -0.12 0.15% 10,904,856 NYSE: No mentions found.

Merck MRK $35.59 +0.26 0.74% 14,451,217 NYSE: No mentions found.

Microsoft MSFT $25.73 +0.04 0.16% 53,088,028 NASDAQ-GS: Fin Times p16 "Mirosoft helps seal $2.2 bil sale of Novell to Attachmate" by Richard Waters says Microsoft helped seal this sale of Novell, a struggling US software firm, in the latest sign of its significance to some of the industry's biggest players.

Pfizer PFE $16.63 -0.1675 1% 32,290,420 NYSE: No mentions found.

Procter & Gamble PG $63.56 -0.49 0.77% 9,136,880 NYSE: No mentions found.

3M MMM $84.9 -0.11 0.13% 2,976,216 NYSE: No mentions found.

Travelers TRV $55.03 -0.46 0.83% 4,648,642 NYSE: No mentions found.

United Tech UTX $75.11 -0.20 0.27% 3,440,297 NYSE: No mentions found.

Verizon VZ $32.5 -0.09 0.28% 12,770,507 DualListed: Inv. Bus. Daily pA2 "Verizon claims DSL speed lead" says VZ tripled its top download speed of its FIos Internet service to 50 times faster than a typical DSL line and is offering it for $200 a month.

Walmart WMT $54.38 -0.01 0.02% 9,344,377 NYSE:WSJ pB2 "Retailer aims to boost its sales in China" by Kathy Gordon says Tesco aims to increase sales in China. It is the world's 3rd largest sales after Walmart and France's Carrefour SA.


*********************
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 10/24/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $338 [5]
2. Microsoft MSFT 219.5 [9]
3. WalMart WMT 196.5 [3.5]
4. Procter & Gamble PG 180 [3]
5. IBM 176 [1]
6. Johnson & Johnson JNJ 176 [3]
7. GE 171.5 [10.5]
8. Chevron CVX 170 [2]
9. AT&T T 167 [6]
10. JPMorgan Chase JPM 149 [4]
11. Coke KO 142 [2.5]
12. Pfizer PFE 140 [8]
13. Cisco CSCO 134 [6]
14. Bank of America BAC 115 [10]
15. Merck MRK 114 [3]
16. Intel INTC 110.5 [5.5]
17. Hewlett-Packard HPQ 97 [2.5]
18. Verizon VZ 95 [3]
19. McDonald's MCD 83.5 [1]
20. United Technologies UTX 69.5 [1]
21. Disney DIS 67 [2]
22. 3M MMM 64.5 [.5]
23. Kraft KFT 55.5 [2]
24. Home Depot 52.5 [1.5]
25. Boeing BA 52 [1]
26. Caterpillar CAT 49 [.5]
27. American Express AXP 47 [1]
28. DuPont DD 42.5 [1]
29. Travelers 26 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 10/24/10 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: 10/21/10 & 10/10/10 2 8K's re: 3Q earnings of $2.08 per share
10/1/10 8K re: settlement with IRS to pay $300 mil re: '08 tax returns
9/3/10 8K re: increasing Board from 12 to 13 & election of Matthew K. Rose as director
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

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
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

American Express AXP: 10/21/10 8K re: 3Q results
10/15/10 8K re: delinquency & write-off statistics
10/4/10 8K re: antitrust lawsuit filed by US Dept. of Justice accusing Amex of forcing merchants not to use competitors' services
9/15/10 8K re: delinquency & write-off stats
9/15/10 8K re: changes to certain credit cards
8/16/10 2 8Ks re: delinquency and write-off statistics

Bank of Am BAC: 10/20/108K re: registration of 50,354,545 shares
10/19/10 8K re: 3Q results
10/8/10 8K re: extension of BofA's review of foreclosures in all 50 states
8/6/10 10Q 2Q 6/30/10
8/3/10 8K re: by-law amendments

Boeing BA: 10/10/10 10Q re: 3Q ended 9/30/10
10/10/10 8K re: 3Q results of $1.12 per share
8/27/10 8K re: delay of delivery of first 787 to mid 1Q '11 due to Rolls Royce Engine supply problems

Caterpiller CAT: 10/21/10 8K re: Sept. dealer stats
10/21/10 8K re: 3Q results
9/30/10 8K re: change of prices
9/21/10 8K re: credit facility
9/17/10 8K re: dealer stats

Chevron CVX: 10/12/10 *K re: 3Q fin'l update
9/30/10 8K re: bylaws amendments
8/5/10 10Q 2Q 6/30/10
7/30/10 8K re: 2Q results

Cisco CSCO 9/28/10 Def. Proxy materials
9/22/10 8K re: stock trading plans for directors
9/21/10 10K for year ended 7/31/10
9/16/10 8K re: award of employee stock options
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

Coke KO 10/19/10 8K re: 3Q fin'l results
10/5/10 8K re: completion of buyout of Coca-Cola Enterprises
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: 10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
10/3/10 8K re: 3Q earnings'9/28/10 8K re: NBC Universal offer to sell notes in a private placement
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

Hewlett-Packard HPQ: 10/18/10 8K re: election of Leo Aptheker as Pres/CEO
9/28/10 8K re: outlook for fiscal year '11
9/20/10 8K re: resolving litigation against ex-CEO mark Hurd
9/13/10 8K re: sale of Global Notes
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

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

Intel INTC: 10/13/10 & 10/12/10 2 8Ks re: results for 3Q ended 9/25/10
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.

IBM:10/19/10 & 10/18/10 2 8Ks re: results for 3Q ended 9/30/10
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

JPMorganChase JPM: 10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
10/13/10 8K re: 3Q results of $1.01 per share
9/15/10 8K re: presentation to a US fin'l services investor conference
8/6/10 10Q 2Q 6/30/10

Johnson & Johnson JNJ : 10/19/10 8K re: results for 3Q ended 10/3/10
10/6/10 SC TO-C re: tender offer to buy Crucell N.V.
10/1/10 8K re; completion of acquisition of Micrus Endovascular Corp.
9/16/10 re: retirement of Colleen Goggins, Worldwide Chair of Consumer Group
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: 10/6/10 & 9/20/10 2 8Ks re: buyback of 5.125% Cadbury Notes due '13
9/15/10 8K re: new global growth strategy
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: 10/21/10 8K re: 3Q earnings rise 12%
9/24/10 8K re: dividend increase of 11% to 0.61 per share
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

Merck MRK:10/14/10 8K re: status of Remicade & Simponi arbitration
9/7/10 8K re: arbitration re: Merck'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.

Microsoft MSFT: 10/22; 10/12; 10/14; 10/1 & 9/30/10 Proxy Statement materials re: Annual Shareholder Meeting to be held on 11/16/10 at 8am at Meydenbauer Center, Bellevue WA
9/27/10 8K re: sale of notes
9/13/10 8K re: resignation of Stephen Elop as Pres. of Microsoft Bus. Div. to become CEO of Nokia
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:10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's pruchase of King Pharmaceuticals, Inc.
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: 10/14/10 8K re: voting results from 10/12/10 Annual Shareholders Meeting
10/12/10 8K re: dividend of 0.4818 cents per share
10/12/10 8K re: CEO's address at Annual Shareholders Meeting
8/27/10 Proxy Stmt re: Annual Shareholder 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.

3M MMM:10/8/10 SC TO-T/A re: tender offer statement re: Cogent offer
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:10/21/10 8K & 10Q re: 3Q ended 9/30/10
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

United Technologies UTX:10/20/10 8K re: 3Q results
9/24/10 8K re: departure of certain officers
8/31/10 8K re: redemption of 6.35% Notes due '11
8/19/10 8K re: departure of EVP Ari Bousbib to become CEO of IMS Health
7/26/10 10Q 1Q 6/30/10
7/21/10 8K re: 2Q results5/27/10 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:10/22/10 8K re: issuance of Notes due 2013
9/29/10 8K re: election of Charles Holley as CFO
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.

Verizon Communications Inc. VZ: 10/22/10 8K re: 3Q results
10/18/10 8K re: in'l info re: divestitures relating to 1/09 acquisition of Alltel Corp.
9/20/10 8K re: appointment of Verizon Wireless Pres/CEO Lowell C. McAdams as Pres/COO of Verizon Communications effective 10/1/10
9/13/10 8K re: retirement of John F. Killian as CFO
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.