12/29/10 Wed am H-P Stock Rises on Award of NASA Contract

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Post No. 798 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.

A read of Wednesday's 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 Tuesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 11,575.54 up 20.51 points or 0.18% from Monday's close of 11,555.03. For the year the Dow is up 11.%. Of the 30 Dow Jones component companies 19 gained, McDonald's was unchanged and 10 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE and percentage-wise was American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE.

WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

NYT pB6 "Shares edge higher as Dec rally continues" by Bloomberg says stocks edged higher on Tues with the S&P 500 extending its biggest Dec rally since '91, helped by shares of commodity producers and signs of growing global demand.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.76 up from Tuesday's 14.73 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Tuesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Tuesday's 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,529.47 up 2.71 from Monday's closing numerator of 1,526.76. 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 Tuesday's Dow Jones Industrial Average was $50.98 up $0.09 from Monday's Dow Jones Industrial Average average closing price of $50.89. The median closing price of Tuesday's Dow Jones Industrial Average was $42.52 (AXP/HPQ up $0.08 from Monday's median closing price of $42.44. The lowest volume was 3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE and the highest volume was again Bank of America BAC $13.34 +0.07 0.53% 118,530,982 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 made $281 ($152,947 - $152,676).

MarketWatch Tuesday 12/28/10 [As of 4:46 pm there was no post-closing MarketWatch, sorry]

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

AT&T T $29.23 -0.02 0.07% 13,572,720 NYSE: No mentions found.

Alcoa AA $15.25 +0.02 0.13% 12,970,478 NYSE: No mentions found.

American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE: No mentions found.

Bank of Am BAC $13.34 +0.07 0.53% 118,530,982 NYSE: No mentions found.

Boeing BA $64.86 +0.11 0.17% 2,626,515 NYSE: No mentions found.

Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE: No mentions found.

Chevron CVX $91.19 +1.07 1.19% 5,056,001 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

Cisco CSCO $20.35 +0.19 0.94% 57,125,653 NASDAQ-GS: Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

Coke KO $65.36 +0.29 0.45% 4,779,764 NYSE: WSJ pB2 "PepsiCo's latest challenge: snackify some beverages" by Valerie Bauerlein says this is a new strategyto tap into the market for more nutritious convenience foods as Pepsi's shares have been underperforming US rivals Coke and Dr Pepper Snapple Group Inc.

DIS $37.36 -0.12 0.32% 3,456,474 NYSE: No mentions found.

DuPont DD $49.82 +0.19 0.38% 2,676,422 NYSE: No mentions found.

Exxon XOM $73.42 +0.41 0.56% 14,368,033 NYSE: No mentions found.

GE $18.32 +0.13 0.71% 47,518,601 NYSE: No mentions found.

Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

Home Depot HD $35.09 -0.15 0.43% 4,064,223 NYSE: No mentions found.

Intel INTC $20.88 +0.04 0.19% 21,136,609 NASDAQ-GS: No mentions found.

IBM $145.71 +0.37 0.25% 2,692,358 NYSE: WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

JPMorgan JPM $42.61 -0.06 0.14% 20,253,282 NYSE:

Johnson & Johnson JNJ $62.05 +0.12 0.19% 6,316,609 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Kraft KFT $31.86 +0.25 0.79% 4,871,347 NYSE: Fin Times p13 "Fresh details in Starbucks' Kraft dispute" by Greg Farrell says Kraft allegedly tried to hit up Starbucks' for $200 mil more money after it had agreed to sell back distribution rights to Starbucks for its roast and ground coffee.

MCD $76.43 unch unch 2,956,650 NYSE: No mentions found.

MRK $36.2 -0.03 0.08% 5,383,244 NYSE: No mentions found.

MSFT $28.01 -0.06 0.21% 22,953,243 NASDAQ-GS: No mentions found.

Pfizer PFE $17.59 +0.10 0.57% 29,591,401 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Procter & Gamble PG $64.76 +0.09 0.14% 4,622,740 NYSE: No mentions found.

3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE: No mentions found.

TRV $55.66 -0.13 0.23% 1,852,098 NYSE: No mentions found.

United Tech UTX $79.29 +0.02 0.03% 2,064,928 NYSE: No mentions found.

Verizon VZ $35.62 +0.12 0.34% 11,885,284 DualListed: No mentions found.

Walmart WMT $53.74 +0.17 0.32% 6,758,660 NYSE: WSJ pB5 "Walmart joins investors funding Chinese retailer" by Loretta Chao says Walmart has invested in China's 360buy.com in another sign that competition is heating up in China's online retail sector.

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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