12/25/10 Sat. Boeing Resumes 787 Testing

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Post No. 793 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 Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

The stock market was closed Friday.

A read of Friday's Wall St. Journal 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 Thursday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 11,573.49 up 14 points or 0.12% from Wednesday's close of 11,559.49. Of the 30 Dow Jones component companies 14 gained, Kraft was unchanged and 15 declined. The biggest gainer dollar-wise was Chevron CVX $90.68 +0.76 0.85% 5,102,081 NYSE and percentage-wise was Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE. The biggest decliner dollar-wise was Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE and percentage-wise was Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE.

Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of america fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

As of the close of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of Friday's Wall St. Journal is 0.132129493. The trailing P/E is 14.76 (year ago it was 18.25); the P/E estimate is 13.54 (year ago it was 16.00) and the dividend yield is 2.48 (last year it was 2.62). 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.

Thursday's Dow Jones Industrial Average closing numerator was 1,529.19 up 1.85 from Wednesday's closing numerator of 1,527.34. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for Thursday by the divisor (0.132129493) you get the increase in Thursday'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 Thursday's Dow Jones Industrial Average was $50.97 up $0.06 from Wednessday's Dow Jones Industrial Average average closing price of $50.91. The median closing price of Thursday's Dow Jones Industrial Average was $42.26 (AXP/HPQ)f $42.15. The lowest volume was Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE and the highest volume was again Bank of America BAC $13.06 -0.32 2.39% 184,254,478 NYSE.

If Thursday 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 $185 ($152,919 - $152,734)

MarketWatch Thursday 12/23/10 5:08 pm by Donna Yesalavich says the Dow Jones Industrial Average edged up to a fresh two-year closing high Thursday while other measures slipped following a mixed bag of economic data that left investors with little reason to make major position changes ahead of the holiday. The Dow (DJIA 11,573, +14.00, +0.12%) rose 14 points, or 0.12%, to 11573.49, its highest closing level since August 2008. Alcoa, Inc. (AA 15.34, +0.20, +1.32%) led its climb with a 1.3% rise. Chevron Corp. (CVX 90.68, 0.00, 0.00%) was also strong, up 0.9%, and Exxon Mobil Corp. (XOM 73.20, 0.00, 0.00%) added 0.6%, boosted by a climb in crude-oil futures to fresh two-year highs above $91 a barrel. Stocks ended flat for the day in light pre-holiday trading but Joe Bel Bruno explains why it's a Merry Christmas for investors, with the Dow up 5% for the month and the S&P 500 and Nasdaq each up 6.5% so far in December. Plus, oil prices spike again. Thursday marked the conclusion of a positive week for stocks, with the Dow up 0.71% on the week, the S&P 500 up 1% and the Nasdaq up 0.9%, adding to their gains for the month. It was the fourth straight week of gains for the Dow and the S&P 500, and the fifth for the Nasdaq. Limiting the Dow’s ascent, Bank of America Corp. (BAC 13.06, -0.32, -2.39%) fell 2.4%, erasing part of its 3.2% Wednesday jump. Walt Disney Co. (DIS 37.70, 0.00, 0.00%) was also weak, off 0.7%, while Travelers Co. (TRV 55.48, -0.37, -0.66%) slipped 0.7%. The Nasdaq Composite (COMP 2,666, 0.00, 0.00%) fell 5.88, or 0.22%, to 2665.60. The Standard & Poor’s 500-stock index (SPX 1,257, -2.07, -0.16%) shed 2.07, or 0.16%, to 1256.77, with financials leading to the downside in a small pullback from the sector’s Wednesday rally while energy and materials stocks rose. The activity followed a mixed round of economic data with few surprises, prompting investors to see little need to change their positions heading into the holiday. While durable-goods orders fell more than twice the drop that was projected by economists, they were weighed down by a 53.1% plunge in commercial airplane orders. New orders for nondefense capital goods excluding aircraft—a metric that is considered a key barometer of capital spending—rose 2.6%, an indication businesses are spending as the economy recovers. Also encouraging, the Reuters/University of Michigan consumer sentiment index’s final reading for December edged higher, meeting expectations. Meanwhile, U.S. consumer spending was modest in November with a 0.4% increase, slightly smaller than the rise economists had forecast. Demand for new homes in the U.S. also rose less than expected with an increase of 5.5%. “Housing is a little bit worrisome, but it’s not totally out of expectations,” said Weyman Gong, chief investment officer at Signature. “We never expected the housing market to recover any time soon in a big move.” Despite some of the data missing expectations, taken together it was seen as confirming the recent trend of a slow-but-steady economic recovery, said Brian Gendreau, market strategist at Financial Network, a financial advisory firm. “I don’t think we can count on housing to lead us out of this recovery, but we are seeing strong export growth, and pretty strong consumer spending,” Gendreau said. “Those are all good signs.” Thursday’s stock moves came on thin volume as traders began departing for the holiday weekend. The stock market will be closed on Friday. Less than 3 billion shares changed hands in New York Stock Exchange Composite volume during the session, well below the month’s average of 4.8 billion shares a day. With one week left to December, the Dow is up 5.2% for the month, while the S&P 500 is up 6.5% and the Nasdaq is up 6.7%. Among stocks in focus, Bed Bath & Beyond (BBBY 50.10, +2.43, +5.10%) climbed 5.1%. The housewares retailer posted a 25% increase in fiscal third-quarter earnings, beating its guidance and raising its expectations for the remainder of the year. Jo-Ann Stores Inc. (JAS 60.19, +14.56, +31.91%) surged 32% after the fabric and craft retailer agreed to be acquired by private-equity firm Leonard Green & Partners LP for about $1.6 billion. Jo-Ann holders would get $61 a share under the buyout bid, a 34% premium to Wednesday’s closing price.

Thursday's Closing Dow Numbers & Friday's News:


AT&T T $29.2 +0.07 0.24% 12,697,307 NYSE:

Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE: Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of America fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

Amex AXP $42.77 -0.04 0.09% 4,832,099 NYSE:

Bank of America BAC $13.06 -0.32 2.39% 184,254,478 NYSE:Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of America fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

Boeing BA $65.06 +0.45 0.7% 3,329,799 NYSE: Fri WSJ pB5 "Boeing resumes 787 testing" by Peter sanders says more than 6 weeks after a fire and power failure forced Boeing to suspend flight testing on its new 787 dreamliners, Boeinn on Thurs resumed airborne testing but did not provide a ateimtable for the plane's first delivery which many expect to be All Nippon Airways no earlier than mid '11, 3 years behind the original delivery data.

Caterpillar CAT $94.45 -0.12 0.13% 2,206,023 NYSE:

Chevron CVX $90.68 +0.76 0.85% 5,102,081 NYSE: Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of america fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

CSCO $19.69 +0.13 0.66% 41,614,144 NASDAQ-GS:

Coke KO $65.58 -0.01 0.02% 6,540,332 NYSE:

Disney DIS $37.7 -0.25 0.66% 4,511,774 NYSE:

DuPont DD $49.77 -0.03 0.06% 2,430,653 NYSE:

Exxon XOM $73.2 +0.40 0.55% 11,389,829 NYSE: Fri WSJ pB5 "Exxon bulks up on natural gas assets" by Angel Gonzalez says Exxon continued a year long buying spree for US natural gas assets, paying $575 mil for wells and reserves in Ark from Petrohawk Energy Corp which underscores Exxon's continuing interest in acquiring gas in the US despite low prices for the relatively clean burning fule used to heat homes and generate electricity.

Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of america fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

GE $18.04 -0.02 0.11% 30,983,443 NYSE: Fri WSJ pB1 "Comcasst, NBC deal gains key supporter" by Amy Schatz says Comcast cleared an important hurdle Thurs in its plan to acquire from GE control of NBC Universal, gaining the conditonal backing of a top regulator, Julius Genachowski, Chbair of FCC, who needs to sign off on the deal.

WSJ pB2 "GE to finish cleanup project" by Doug Cameron says GE will take a $500 mil charge in 4Q to help fund an environmental cleanup of the Hudson River the it plans to complete during the next 5 to 7 years.

Hewlett-Packard HPQ $41.74 +0.26 0.63% 8,500,504 NYSE: Fri WSJ pB5 "United drops Travelport in favor of HP system" by Doug Cameron says United Airlines is dropping the reservations system it created 40 years ago in favor of a platform provided by Hewlett-Packard.

Home Depot HD $35.09 -0.09 0.26% 6,241,470 NYSE:

Intel INTC $20.84 -0.05 0.24% 27,974,662 NASDAQ-GS:

IBM $145.89 -0.06 0.04% 2,425,001 NYSE:

JPMorgan JPM $42.08 -0.08 0.19% 18,932,006 NYSE:

JNJ $62.25 +0.23 0.37% 7,250,206 NYSE:

Kraft KFT $31.88 unch unch 4,491,944 NYSE: WSJ pB5 "Kraft - Court agrees to review dispute with Starbucks" by Jim Jelter says Kraft said a fed ct in NY has agreed to considder a preliminary injunciton it is seeking against Starbucks Corp. as it challenges the legality of Stabucks' decsion to end a 12 year old contract through which Kraft distributes Starbucks brand packaged coffee to retailers. The deal generates $500 mil annually in sales.

MCD $76.96 -0.05 0.06% 2,865,071 NYSE:

MRK $36.29 +0.07 0.19% 7,244,660 NYSE:

Microsoft MSFT $28.3 +0.1125 0.4% 24,913,722 NASDAQ-GS:

Pfizer PFE $17.61 +0.05 0.28% 21,721,032 NYSE:

Procter & Gamble PG $65.24 +0.29 0.45% 5,953,258 NYSE:

3M MMM $86.47 -0.25 0.29% 1,890,335 NYSE:

Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE: Fri WSJ pC5 "Dow gives a present: 4th week of gains" by Donna Yesalavich says the Dow edged up to a fresh 2 year closing high while other measures slipped after a mixed bag of economic data left investors with little reason to make major position changes ahead of Xmas. Alcoa led with a rise of 20 cents, Chevron also was strong up 76 cents and Exxon added 40 cents boosted by a climb in crude oil prices to fresh 2 year highs above $91 a barrel. Bank of america fell 32 cents. Disney also was weak off 25 cents while Travelers slipped 37 cents.

United Tech UTX $79.5 -0.02 0.03% 1,862,679 NYSE:

Verizon VZ $35.44 +0.26 0.74% 10,427,290 DualListed:

Walmart WMT $53.6 +0.29 0.54% 9,066,273 NYSE:


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The following are excerpts from Thursday morning's Blog.

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

My Thoughts: The NY Times at pB1 has an interesting article entitled "Computers that trade on the news" by Graham Bowley that sort of validates the basis of this Blog. It says that Wall Street traders are using powerful computers to speed read news reports, editorials, company Web sites, blog posts and even Twitter messages and then letting the software determine where market sentiment is headed. We are the only Blog that is dedicated to briefly summarizing daily news reports from the leading US business print newspapers with respect to only the Dow and its 30 component firms. On the sustainable front The WSJ today at pB5 has an informative article, "Clean-tech entrepreneurs eye funding shift" by Angus Loten that explains the U.S. Dept. of Energy's loan guarantee program that is expected to sharpen its focus next year to less developed ventures such as carbon capture, biofueuls & biomass processing as more conventional solar and wind projects gain the attention of private investors. The program doesn't make loans, it backstops bank loans. Also in the clean tech area is an article in USA Today p8B "Marriott institutes sustainable seafood program" by Barbara De Lollis that says Marriott has launched a sustainable seafood program called "Future Fish," making it the first large global hotel chain to adopt such a policy.

Dow:The Dow Jones Industrial Average closed Wednesday at 11,599.49 up 26.33 points or 0.23% from Tuesday's close of 11,533.16. Of the 30 Dow Jones component companies 22 gained and 8 declined. For the year the Dow is up 10.85%. The biggest gainer dollar-wise was JPMorgan JPM $42.16 +1.16 2.83% 47,220,781 NYSE and percentage-wise was Bank of America BAC $13.38 +0.40 3.08% 239,664,441 NYSE. The biggest decliner dollar-wise and percentage-wise was Hewlett-Packard HPQ $41.48 -0.43 1.03% 14,697,090 NYSE.

WSJ pC5 "Fin'ls lead way as Dow climbs 26.33" by Donna Yesalavich says stocks closed at fresh 2 yer highs as fin'l firms' shares continued to benefit from recent merger activity. The Dow hit its highest close since Aug. 28, '08 led by fin'l components with BofA up 40 cents and JPMorgan up $1.16.

Fin Time p22 "Financials surge as economic optimism triggers sold rally" by Hanah Kuchler says US stocks closed at levels not seen since the crash of Lehman after data showed the US economy had grown faster than previously estimated in 3Q. JPMorgan surged 2.8% while BofA jumped 3.1%. Microsoft said it was working on a version of its Windows operating systems for devices including tablet computers. Microsoft added 0.4%.

NYT pB11 "Shares rise afer news of economy's growth" by Bloomberg says stocks gained on Wed, sending the S&P 500 index higher for a 5th day as gov data showed the economy grew last quarter at a faster pace than previously estimated.

USA Today p4B "Upbeat economic report boosts stocks" by AP says major stock indexes edged up to 2 year highs on Wed after a report showed that the US economy grew faster than previously thought over the summer. Computer maker Hewlett-Packard had the largest fall dropping 1%.

Wednesday's Dow Jones Industrial Average closing numerator was 1,532.63 up 8.76 from Tuesday's closing numerator of 1,523.87. 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 Wednesday's Dow Jones Industrial Average was $51.09 up $0.29 from Tuesday's Dow Jones Industrial Average average closing price of $50.80. The median closing price of Wednesday's Dow Jones Industrial Average was $42.15 (AXP/HPQ) down 0.42 from Tuesday's closing median price of $42.57. The lowest volume was United Technologies UTX $79.52 +0.17 0.21% 2,123,278 NYSE and the highest volume was again Bank of America BAC $13.38 +0.40 3.08% 239,664,441 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 $863 ($153,263 -$152,400)

MarketWatch Wednesday 12/22/10 4:48 pm by Kate Gibson says US stocks finished at a two-year high Wednesday, with the S&P 500 Index up for a fifth straight session, as investors sorted through varying signals from earnings and economic data. “There is some mixed news out there,” said Jeffrey Kleintop, chief market strategist at LPL Financial, pointing to quarterly results from Nike Inc. (NKE 86.95, -5.35, -5.80%) — one barometer of consumer spending — as raising a flag that there are some concerns that “companies may miss some estimates, and that earnings growth is slowing.” “Maybe the markets are getting ahead of themselves even though there are a lot of good reasons why stocks should be going up,” said Kleintop. Dow Jones Industrial Average (DJIA 11,560, +26.41, +0.23%) ended up 26.33 points, or 0.2%, at 11,559.49, its highest close since Aug. 28, 2008. Bank of America Corp. (BAC 13.39, +0.01, +0.08%) and J.P. Morgan Chase & Co. (JPM 42.14, -0.02, -0.05%) led gains in 22 of 30 components. The S&P 500 (SPX 1,259, +4.24, +0.34%) added 4.24 points, or 0.3%, to 1,258.84, with financials leading gains among its 10 industry groups and tech companies leading decliners. It was the benchmark’s highest close since Sept. 8, 2008. The Nasdaq Composite Index (COMP 2,671, +3.87, +0.15%) rose 3.87 points, or 0.2%, to 2,671.48. For every nine stocks that rose, six fell on the New York Stock Exchange, where volume was 784.4 million, or 75% of its 30-day average. On the New York Mercantile Exchange, crude-oil futures finished at $90.48 a barrel, their first close above $90 since October 2008. “Oil up here at 90 bucks seems due for a pullback as well, but the dollar has fallen so much since the last time we were at $90, so it does justify a higher price,” Kleintop said.“We’re not collapsing, but it’s not like everyone is saying let’s go out for Christmas and buy a home,” said Doug Roberts, chief investment strategist at Channel Capital Research. He was referring to data that showed the U.S. economy expanded at a 2.6% rate in the third quarter, faster than previously estimated but below what analysts had expected. Before Wall Street’s opening bell, the government revised slightly higher its estimate of third-quarter economic growth, but the updated estimate came in below analysts’ expectations. Peter Eliades, editor of Stock Market Cycles and manager of Stock Market Cycles Management, tells MarketWatch’s Stacey Delo why he sees the potential for a 25% gain in the S&P 500 Index during the first half of 2011. Later, the National Association of Realtors said sales of existing homes climbed 5.6% in November. Shares of Nike (NKE 86.95, -5.35, -5.80%) fell 5.8% after the athletic shoe and apparel seller warned that climbing prices for cotton and transportation would squeeze its margins.Shares of Walgreen Co. (WAG 38.80, -0.05, -0.13%) added 5.5% after the drugstore giant reported a larger-than-anticipated profit for the first quarter.

Wednesday's Closing Dow Numbers and Thursday news:

AT&T T $29.13 +0.06 0.21% 16,859,825 NYSE: WSJ pB4 "Fortifying phones from attackers" by Spencer Ante says AT&T, Verizon and others in the wireless industry are taking first steps to beef up security on mobile devices as consumers & firms embrace smartphones to do more of their computing.

Fin Times p8 "An odd outcome for net neutrality" is an editorial that says the FCC's new rules are vague & unsatisfactory. It says for US mobile phone firms suchas Verizon and AT&T their looseness will be helpful to them.

Alcoa AA $15.14 +0.25 1.68% 22,288,827 NYSE: No mentions found.

Amex AXP $42.81 -0.42 0.97% 7,709,873 NYSE: No mentions found.

Bank of America BAC $13.38 +0.40 3.08% 239,664,441 NYSE: WSJ pC3 "439 fewer says to hate BofA" by Shira Ovide says recently at least 439 Internet domain names that re critical of the bank's top officials were taken off the markets with the implication that BofA is doing the buying.

WSJ pC5 "Fin'ls lead way as Dow climbs 26.33" by Donna Yesalavich says stocks closed at fresh 2 yer highs as fin'l firms' shares continued to benefit from recent merger activity. The Dow hit its highest close since Aug. 28, '08 led by fin'l components with BofA up 40 cents and JPMorgan up $1.16.

Fin Times p13 "Wall St poised for earnings ht" by Francesco Guerrera says Wall St's 4Q results are set to be dogged by sluggish trading activity as Europe's economic woes & rising competition deprived banks of a key source of profits. Bank of America will earn 24 cents per share in '10 and JPMorgan will earn 99 cents.

Fin Time p22 "Financials surge as economic optimism triggers sold rally" by Hanah Kuchler says US stocks closed at levels not seen since the crash of Lehman after data showed the US economy had grown faster than previously estimated in 3Q. JPMorgan surged 2.8% while BofA jumped 3.1%. Microsoft said it was working on a version of its Windows operating systems for devices including tablet computers. Microsoft added 0.4%.

Boeing BA $64.61 +0.42 0.65% 5,254,658 NYSE: WSJ pB1 "Jet leasing firms on a buying spree" by Daniel Michales says Airbus and Boeing are on track for a sales rebound in '10, far outpacing expectations this time last year. Higher airline traffic has been the main engine but alos resurgent airplane leasing firms which account for more than 35% of orders of Airbus this year, up from 5% last year.

WSJ pB2 "Jet export rules draw praise" by Daniel Michaels says the Obama admin is hailing a new deal to limit export subsidies on jeliners, even though officials from Boeing & Airbus express concern it may force them to cut jobs in the next downturn. he agreement in principle of the Organiz. for Econ. Cooperation and Development in Paris would raise the cost to airlines of gov guarantees on com'l jet loans.

CAT $94.57 -0.06 0.06% 2,609,042 NYSE: No mentions found.

Chevron CVX $89.92 +0.69 0.77% 4,253,868 NYSE: No mentions found.

CSCO $19.56 +0.03 0.15% 42,760,432 NASDAQ-GS: No mentions found.

Coke KO $65.59 +0.10 0.15% 7,707,224 NYSE: No mentions found.

DIS $37.95 +0.62 1.66% 7,211,738 NYSE: No mentions found.

DuPont DD $49.8 -0.17 0.34% 2,862,604 NYSE: No mentions found.

Exxon XOM $72.8 +0.08 0.11% 14,605,693 NYSE: No mentions found.

GE $18.06 +0.16 0.89% 42,914,740 NYSE: WSJ pB3 "Comcast-NBCU deal won't close this year' by Nat Worden, NYT pB2 "Comcast takeover of NBC is delayed until next year," & Daily Report p6 "Comcast nBC deal OK may dcome down to Web" by Joelle Tessler, AP say Comcast acknowledged Wed that the regulatory approval process for its deal to acquire a majority stake from GE of NBC Universal will continue into Jan, delaying plans to close by end of '10.

Hewlett-Packard HPQ $41.48 -0.43 1.03% 14,697,090 NYSE: USA Today p4B "Upbeat economic report boosts stocks" by AP says major stock indexes edged up to 2 year highs on Wed after a report showed that the US economy grew faster than previously thought over the summer. Computer maker Hewlett-Packard had the largest fall dropping 1%.

Home Dep HD $35.18 +0.10 0.29% 6,441,536 NYSE: No mentions found.

Intel INTC $20.89 -0.21 1% 49,190,049 NASDAQ-GS: No mentions found.

IBM $145.95 +0.21 0.14% 3,388,701 NYSE: No mentions found.

JPMorgan JPM $42.16 +1.16 2.83% 47,220,781 NYSE: WSJ pC5 "Fin'ls lead way as Dow climbs 26.33" by Donna Yesalavich says stocks closed at fresh 2 yer highs as fin'l firms' shares continued to benefit from recent merger activity. The Dow hit its highest close since Aug. 28, '08 led by fin'l components with BofA up 40 cents and JPMorgan up $1.16.

Fin Times p13 "Wall St poised for earnings ht" by Francesco Guerrera says Wall St's 4Q results are set to be dogged by sluggish trading activity as Europe's economic woes & rising competition deprived banks of a key source of profits. Bank of America will earn 24 cents per share in '10 and JPMorgan will earn 99 cents.

Fin Time p22 "Financials surge as economic optimism triggers sold rally" by Hanah Kuchler says US stocks closed at levels not seen since the crash of Lehman after data showed the US economy had grown faster than previously estimated in 3Q. JPMorgan surged 2.8% while BofA jumped 3.1%. Microsoft said it was working on a version of its Windows operating systems for devices including tablet computers. Microsoft added 0.4%.

JNJ $62.02 -0.32 0.51% 8,824,355 NYSE: No mentions found.

KFT $31.88 +0.04 0.13% 5,854,149 NYSE: No mentions found.

MCD $77.01 +0.15 0.2% 3,514,969 NYSE: No mentions found.

MRK $36.22 +0.04 0.11% 8,624,158 NYSE: No mentions found.

Microsoft MSFT $28.1875 +0.1175 0.42% 42,250,453 NASDAQ-GS: Fin Time p22 "Financials surge as economic optimism triggers sold rally" by Hanah Kuchler says US stocks closed at levels not seen since the crash of Lehman after data showed the US economy had grown faster than previously estimated in 3Q. JPMorgan surged 2.8% while BofA jumped 3.1%. Microsoft said it was working on a version of its Windows operating systems for devices including tablet computers. Microsoft added 0.4%.

USA Today p1B "Comming soon: new version of Windows" & p3B "A look back at tech highlights of '10" both by Edward C. Baig talks about Microsoft's plans to announce a new version of Windows next month. Baig says he can't find a compelling reason to upgrade from office 2010.

Pfizer PFE $17.56 +0.18 1.04% 35,631,578 NYSE: No mentions found.

Procter & Gam PG $64.95 +0.08 0.12% 7,081,531 NYSE: WSJ pB10 "Year in review: advertising" by Suzanne Vranica says one of the best ads last year was Procter & Gamble's ads for Old Spice by ad agency Wieden + Kennedy.

MMM $86.72 +0.19 0.22% 2,396,791 NYSE: No mentions found.

Travelers TRV $55.85 -0.02 0.04% 2,240,552 NYSE: No mentions found.

United Technologies UTX $79.52 +0.17 0.21% 2,123,278 NYSE: No mentions found.

Verizon VZ $35.18 +0.24 0.69% 10,477,718 Dual Listed: WSJ pB4 "Fortifying phones from attackers" by Spencer Ante says AT&T, Verizon and others in the wireless industry are taking first steps to beef up security on mobile devices as consumers & firms embrace smartphones to do more of their computing.

Fin Times p8 "An odd outcome for net neutrality" is an editorial that says the FCC's new rules are vague & unsatisfactory. It says for US mobile phone firms such as Verizon and AT&T their looseness will be helpful to them

Walmart WMT $53.31 -0.34 0.63% 11,453,108 NYSE: No mentions found.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ 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 Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

Symbol & Co. Name/Date of Filing/Form Filed/ Comments

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

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

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05