12/27/10 Mon pm Dow Closes at 11,555.03 down 18.46 or 0.16%

www.DowJonesMonitor.com

The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.

Post No. 795 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 Dow Jones Industrial Average closed Monday at 11,555.03 down 18.46 points or 0.16% from Thursday's close of 11,573.49. Of the 30 Dow Jones component companies 11 gained, Intel was unchanged and 18 declined. The biggest gainer dollar-wise was JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE and percentage-wise was Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS. The biggest decliner dollar-wise was and percentage-wise was Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E 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.

Monday's Dow Jones Industrial Average closing numerator was 1,526.76 down 2.43 from Thursday's closing numerator of 1,529.19. 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 Thursday by the divisor (0.132129493) you get the decrease 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 Monday's Dow Jones Industrial Average was $50.89 down $0.08 from Thursday's Dow Jones Industrial Average average closing price of $50.97. The median closing price of Monday's Dow Jones Industrial Average was $42.44 (AXP/HPQ up $0.18 from Thursday's median closing price of $42.26. The lowest volume was 3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE and the highest volume was again Bank of America BAC $13.27 +0.21 1.61% 114,262,151 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 ljost $243 ($152,919 - $152,676).

MarketWatch Monday 12/27/10 4:20 pm by Tom Bemis says US stocks closed with mixed results in post-Christmas trading Monday, as a snowstorm shuttered much activity on the East Coast. The Dow Jones Industrial Average (DJIA 11,555, -18.46, -0.16%) ended 18 points lower at 11,555, while the S&P 500 Index (SPX 1,258, +0.77, +0.06%) edged up 0.77 to 1257.54 and the Nasdaq Composite Index (COMP 2,667, +1.67, +0.06%) ended up 1.67 at 2667.27. Insurer American International Group Inc. stood out among financial stocks, gaining more than 9% after securing new credit facilities totaling more than $4 billion.

Monday's Closing Dow Numbers:

At&T T $29.25 +0.05 0.17% 11,562,421 NYSE
Alcoa AA $15.23 -0.11 0.72% 13,424,819 NYSE
Amex AXP $43.05 +0.28 0.65% 4,354,926 NYSE
Bank of Am BAC $13.27 +0.21 1.61% 114,262,151 NYSE
Boeing BA $64.75 -0.31 0.48% 2,540,267 NYSE
Caterpillar CAT $94.07 -0.38 0.4% 2,616,992 NYSE
Chevron CVX $90.12 -0.56 0.62% 3,105,257 NYSE
Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS
Coke KO $65.07 -0.51 0.78% 4,943,385 NYSE
DIS $37.48 -0.22 0.58% 3,506,495 NYSE
DuPont DD $49.63 -0.14 0.28% 1,794,314 NYSE
Exxon XOM $73.01 -0.19 0.26% 9,713,940 NYSE
GE $18.19 +0.15 0.83% 33,250,386 NYSE
Hewlett-Pack HPQ $41.82 +0.08 0.19% 6,545,481 NYSE
Home Dep HD $35.24 +0.15 0.43% 5,101,119 NYSE
Intel INTC $20.84 unch unch 18,530,728 NASDAQ-GS
IBM $145.34 -0.55 0.38% 2,307,485 NYSE
JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE
JNJ $61.93 -0.32 0.51% 5,122,600 NYSE
KFT $31.61 -0.27 0.85% 4,513,133 NYSE
MCD $76.43 -0.53 0.69% 2,590,753 NYSE
MRK $36.23 -0.06 0.17% 4,328,548 NYSE
MSFT $28.07 -0.23 0.81% 21,569,876 NASDAQ-GS
Pfizer PFE $17.49 -0.12 0.68% 19,694,811 NYSE
Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE
3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE
TRV $55.79 +0.31 0.56% 1,614,567 NYSE
United Tech UTX $79.27 -0.23 0.29% 1,385,949 NYSE
Verizon VZ $35.5 +0.06 0.17% 8,177,516 DualListed
Walmart WMT $53.57 -0.03 0.06% 5,869,184 NYSE


******************
The following are excerpts from Monday morning's Blog.

A read of Monday's Barron's, Wall St. Journal, New York Times and USA Today yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Thursday's (market was closed Friday) 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.

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: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE: No mentions found.

Amex AXP $42.77 -0.04 0.09% 4,832,099 NYSE: No mentions found.

Bank of America BAC $13.06 -0.32 2.39% 184,254,478 NYSE: USA Today p1B "BofA gets low marks in reports" by Julie Schmit says Bank of America routinely takes longer than its peers to answer phone calls from borrowers with distressed home loans and loses the highest percentage of calls, per a Treasury Dept. report. It takes Bank of America 42 second to answer calls while JPMorgan is 5th on the list taking 13 seconds.

WSJ pC1 "Bailed out banks slip toward failure" by Michael Rapoport says nearly 100 US banks that got bailout funds from the fed gov show signs they are in jeopardy of failing. Smaller TARP recipients are in worse shape than larger banks because the larger banks such as Bank of America and Citigroup got additional help by tapping the Fed Reserve's emergency liquidity programs frequently during the crisis.

WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

Boeing BA $65.06 +0.45 0.7% 3,329,799 NYSE: No mentions found.

Caterpillar CAT $94.45 -0.12 0.13% 2,206,023 NYSE: No mentions found.

Chevron CVX $90.68 +0.76 0.85% 5,102,081 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

CSCO $19.69 +0.13 0.66% 41,614,144 NASDAQ-GS: Barron's p1 & 21 "Why Cisco will get moving again" & "Ending the Cisco skid" by Micahel Santoli says investors are under sestimatingh Cisco's prospects and the stock looks cheap in this favorable article about Cisco and CEO John Chambers.

WSJ pC8 "Down in Silicon Valley, some like IT hot" by Rolfe Winkler says tech titans have plenty of fight when it comes to deals such as the fight between HP and Dell over 3Par. A few years ago, HP, Oracle and Cisco were largely specialty stores but now they are like the IT equivalent of big box retailers where Chief Info Officers can get most of their shopping done. Cisco may bug EMC for its 80% stake in VMware in which Cisco already has a 2% stake. HP may merge with SAP.

Coke KO $65.58 -0.01 0.02% 6,540,332 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Disney DIS $37.7 -0.25 0.66% 4,511,774 NYSE: WSJ pB4 "Box office figures through Sun" says Disney's Tron was third with $20.1 mil the past weekend with a cumulative $88.3, first was Little Fockers and second was True Grit.

NYT pB1 "Away from the middlebrow" by Brooks Barnes says movies studios recognize that movie goers armed with social networking info are demanding higher quality movies. Disney execs are quoted.

Barron's p25 "Shielding time sharesellers" by Jim McTeague says the time share industry dodged a bullet in the new Dodd-Frank law by being exempt from certain verification of borrower's income. Publicly traded firms own the largest time share outfits including Disney vacation club.

DuPont DD $49.77 -0.03 0.06% 2,430,653 NYSE: No mentions found.

Exxon XOM $73.2 +0.40 0.55% 11,389,829 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

GE $18.04 -0.02 0.11% 30,983,443 NYSE: WSJ pC3 "Santander will buy GE Mortgage assets": by Paul Galder says Spain's Grupo Sanander will buy a $2 bil mortgage portfolio of Mexican real estate assets from GE's finance division for $162 mil plus debt.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Hewlett-Packard HPQ $41.74 +0.26 0.63% 8,500,504 NYSE: WSJ pC8 "Down in Silicon Valley, some like IT hot" by Rolfe Winkler says tech titans have plenty of fight when it comes to deals such as the fight between HP and Dell over 3Par. A few years ago, HP, Oracle and Cisco were largely specialty stores but now they are like the IT equivalent of big box retailers where Chief Info Officers can get most of their shopping done. Cisco may bug EMC for its 80% stake in VMware in which Cisco already has a 2% stake. HP may merge with SAP.

WSJ pB6 "Year in review: ceo changes" by Dana Mattiolo says from HP's Hurd to Pfizer's Kindler, suprise exits stuned many in '10, though turnover at top was low overall all. Hurd's and Pfizer's departures are discussed in length.

Home Depot HD $35.09 -0.09 0.26% 6,241,470 NYSE: No mentions found.

Intel INTC $20.84 -0.05 0.24% 27,974,662 NASDAQ-GS: WSJ pB3 "Intel, AMD to unveil combination chips" by Don Clark says chip makers soon will deliver one of the biggest advances in years in the technology that powers laptop and desktop computers. The design trend shold be the focus of announcements by Intel and Advanced Micro Devices at the Consumer Electonics Show early next month and is based on bringing together 2 long separate classes of products: microporcessors and graphics processing units, which render images in videogames and other programs.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

IBM $145.89 -0.06 0.04% 2,425,001 NYSE: Barron's p14 "IBm shareholders hold enjoy new year" by Leslie Norton IBM may be undervlaued as it trades at discounts to Apple, Google and Oracle. Bob Djurdjevic of Annex Research thinks IBM is worth $176 per share.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

JPMorgan JPM $42.08 -0.08 0.19% 18,932,006 NYSE: WSJ pC1 "Bailed out banks slip toward failure" by Michael Rapoport says nearly 100 US banks that got bailout funds from the fed gov show signs they are in jeopardy of failing. Smaller TARP recipients are in worse shape than larger banks because the larger banks such as Bank of America and Citigroup got additional help by tapping the Fed Reserve's emergency liquidity programs frequently during the crisis.

WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

USA Today p1B "BofA gets low marks in reports" by Julie Schmit says Bank of America routinely takes longer than its peers to answer phone calls from borrowers with distressed home loans and loses the highest percentage of calls, per a Treasury Dept. report. It takes Bank of America 42 second to answer calls while JPMorgan is 5th on the list taking 13 seconds.

Barron's p41 "When one man was the central banks" by John Gordon says J.P. Morgan was so important a figure than in 1913 when he died the Fed Reserve came into being because J.P. Morgan showed the importance of having a central bank.

JNJ $62.25 +0.23 0.37% 7,250,206 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Kraft KFT $31.88 unch unch 4,491,944 NYSE: No mentions found.

McDonald's MCD $76.96 -0.05 0.06% 2,865,071 NYSE: WSJ pA1 "On McDonald's menu: variety, caution" by Julie Jargon says McDonald's is testing flatbread sandwiches and garden snack wraps, chicken and vegetables wrapped in a tortilla.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Merck MRK $36.29 +0.07 0.19% 7,244,660 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20. Merck was the only one of the 20 not to enhance their dividend in '10.

Microsoft MSFT $28.3 +0.1125 0.4% 24,913,722 NASDAQ-GS: WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

Pfizer PFE $17.61 +0.05 0.28% 21,721,032 NYSE: WSJ pB6 "Year in review: ceo changes" by Dana Mattiolo says from HP's Hurd to Pfizer's Kindler, suprise exits stuned many in '10, though turnover at top was low overall all. Hurd's and Pfizer's departures are discussed in length.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Procter & Gamble PG $65.24 +0.29 0.45% 5,953,258 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

3M MMM $86.47 -0.25 0.29% 1,890,335 NYSE: No mentions found.

Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE: No mentions found.

United Tech UTX $79.5 -0.02 0.03% 1,862,679 NYSE: No mentions found.

Verizon VZ $35.44 +0.26 0.74% 10,427,290 DualListed: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Walmart WMT $53.6 +0.29 0.54% 9,066,273 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

****************************
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