Monday, January 10, 2011

1/10/11 Mon pm Dow Closes at 11,637.45 down 37.31 or 0.32%

www.DowJonesMonitor.com

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Post No. 819 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 Dow 30 component's SEC filings as of January 10, 2011.

The Dow Jones Industrial Average closed Monday at 11,637.45 down 37.31 points or 0.32% from Friday's close of 11,674.76. Of the 30 Dow Jones component companies 11 gained and 19 declined. The biggest gainer dollar-wise and percentage-wise was 3M MMM $87.15 +0.92 1.07% 3,348,792 NYSE. The biggest decliner dollar-wise was McDonald's MCD $73.56 -0.81 1.09% 11,189,227 and percentage-wise was AT&T T $28.34 -0.51 1.77% 40,233,903 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 14.89 down from Friday's 14.91 (year ago it was 18.42); the P/E estimate is 13.55 down from Friday's 13.65 (year ago it was 13.75), and the dividend yield is 2.46 unchanged from Friday's 2.45 (last year it was 2.58). 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 1,537.65 down 4.93 from Friday's closing numerator of 1,542.58. 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 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $51.25 down $0.17 from Friday's Dow Jones Industrial Average average closing price of $51.42. The median closing price of Monday's Dow Jones Industrial Average was $44.66 (HPQ/AXP down $0.07 from Friday's median closing price of $44.73. The lowest volume was United Technologies UTX $78.46 0.62 0.78% 3,150,009 NYSE and the highest volume was again Bank of America BAC $14.4 +0.15 1.05% 183,204,504 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 $493 ($154,258 - $153,765).

MarketWatch Monday 1/11/11 4:12 by Nick Godt says U.S. stocks finished mostly lower on Monday, as investors took a backseat ahead of the results of aluminum giant Alcoa Inc. after the close. AT&T (T 28.25, -0.09, -0.32%) led blue-chip declines, its shares falling 1.8%, while other telecom shares sank ahead of Verizon's (VZ 35.97, +0.05, +0.14%) expected launch of Apple's (AAPL 342.50, +0.05, +0.01%) iPhone. The Dow Jones Industrial Average (DJIA 11,637, -37.31, -0.32%) sank 37.31 points, or 0.3%, to 11,637.45, with Alcoa shares bucking the trend, up 0.4%. The S&P 500 index (SPX 1,270, -1.75, -0.14%) dropped 1.75 points, or 0.1%, to 1,269.75, weighed by telecom and utilities. The Nasdaq Composite (COMP 2,708, +4.63, +0.17%) rose 4.63 points, or 0.2%, to 2,707.80. Apple shares rose 1.9%.

Monday's Closing Dow Numbers:

AT&T T $28.34 -0.51 1.77% 40,233,903 NYSE
Alcoa AA $16.49 +0.07 0.43% 56,317,239 NYSE
Amex AXP $44.46 +0.10 0.23% 5,255,428 NYSE
Bank of America BAC $14.4 +0.15 1.05% 183,204,504 NYSE
Boeing BA $69.09 -0.29 0.42% 4,311,940 NYSE
Caterpillar CAT $93.39 -0.34 0.36% 4,046,542 NYSE
Chevron CVX $90.41 -0.78 0.86% 6,488,784 NYSE
CSCO $20.79 -0.18 0.86% 39,526,329 NASDAQ-GS
Coke KO $63.06 +0.14 0.22% 7,027,559 NYSE
DIS $39.5 +0.05 0.13% 8,419,923 NYSE
DuPont DD $49.03 -0.73 1.47% 12,408,831 NYSE
Exxon XOM $75.13 -0.46 0.61% 19,835,639 NYSE
GE $18.51 +0.08 0.43% 60,954,899 NYSE
Hewlett-Packard HPQ $44.86- 0.23 0.51% 12,511,952 NYSE
Home Depot HD $34.39 +0.01 0.03% 9,574,433 NYSE
Intel INTC $20.69 +0.03 0.15% 50,220,903 NASDAQ-GS
IBM $147.64 -0.29 0.2% 3,399,890 NYSE
JPMorgan JPM $43.4 -0.24 0.55% 29,345,287 NYSE
JNJ $62.16 -0.44 0.7% 9,162,956 NYSE
KFT $31.21 +0.02 0.06% 5,176,887 NYSE
McDonald's MCD $73.56 -0.81 1.09% 11,189,227 NYSE
MRK $37.2 -0.15 0.4% 10,212,068 NYSE
MSFT $28.22 -0.38 1.33% 56,163,071 NASDAQ-GS
Pfizer PFE $18.26 -0.08 0.44% 110,870,866 NYSE
Procter & Gamble PG $64.36 -0.14 0.22% 6,559,818 NYSE
3M MMM $87.15 +0.92 1.07% 3,348,792 NYSE
TRV $53.85 +0.52 0.98% 4,143,575 NYSE
United Technologies UTX $78.46 0.62 0.78% 3,150,009 NYSE
Verizon VZ $35.92 -0.01 0.03% 37,926,469 DualListed
WMT $53.73 -0.35 0.65% 10,091,262 NYSE


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The following are excerpts from Monday morning's Blog.

A read of the print editions of Monday's Barron's, Investor's Business Daily (but due to a snowstorm in Atlanta we do not yet have the: 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 Friday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 11,674.76 down 22.55 points or 0.22% from Thursday's close of 11,697.31. For the week the Dow is up 97.25 or 0.84% from last Friday's Dow close of 11,577.51. for the year the Dow is up 0.84%. Of the 30 Dow Jones component companies 12 gained and 18 declined. The biggest gainer dollar-wise was Boeing BA $69.38 +0.58 0.84% 6,793,239 NYSE and percentage-wise was Pfizer PFE $18.34 +0.16 0.88% 130,695,824 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $53.33 -1.06 1.95% 8,480,367 NYSE.

Inv. Bus. Daily pA1 "Strong Q4 profit gains expected, led by banks, oil & materials" by Kevin Harlin says Alcoa, Intel, JPmorgan start reporting season this week and 32% overall gain is expected. Alcoa will kick off the earnings season on Mon with Intel and JPMorgan reporting later in the week.

Inv. Bus Daily pA1 "Stocks step back but trim their losses" by Paul Whitfield says the first week of '11 delivered ncie gains for both the Nasdaq 7 the S&P 500 and a tiny step up for the NYSE compositive. The market was down in lower volume. The current outlook is the market is in a confirmed uptrend.

Friday's Dow Jones Industrial Average closing numerator was 1,542.58 down 2.98 from Thursday's closing numerator of 1,545.56. 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 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $51.42 down $0.10 from Thursday's Dow Jones Industrial Average average closing price of $51.52. The median closing price of Friday's Dow Jones Industrial Average was $44.73 (HPQ/AXP down $0.07 from Thursday's median closing price of $44.80. The lowest volume was United Technologies UTX $79.08 -0.07 0.09% 2,771,709 NYSE and the highest volume was again Bank of America BAC $14.25 -0.19 1.32% 391,703,695 NYSE.

If Friday 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 $298 ($154,556 - $154,258).

MarketWatch Friday 1/7/11 5:08 by Donna Yesalavich says U.S. stocks fell Friday after an adverse foreclosure ruling hit bank shares hard, but major indexes ended the first week of trading in the new year higher. The Dow Jones Industrial Average (DJIA 11,675, -22.55, -0.19%) dropped 23 points, or 0.2%, to end at 11675. For the week, the Dow ended up 0.9%, notching its sixth weekly gain. The Nasdaq Composite (COMP 2,703, -6.72, -0.25%) fell 0.3% to end at 2703. The Nasdaq was up 1.9% for the week. The Standard & Poor’s 500 index (SPX 1,272, -2.35, -0.18%) fell 0.2% to 1271. But the index logged a gain of 1.1% for the week. Much of the week’s gains were made on Monday and Wednesday, with Monday’s rally coming on optimism for the new year while Wednesday’s climb followed a stronger-than-expected report on private-sector jobs for December. But investors were disappointed Friday by monthly employment data showing nonfarm payrolls rose by 103,000 last month as private-sector employers added 113,000 jobs, missing economists’ estimate for a gain of 150,000 jobs. The Dow’s financial components led Friday’s decline, with J.P. Morgan Chase & Co. (JPM 43.57, -0.07, -0.16%) slipping 1.9% and Bank of America Corp. (BAC 14.26, +0.01, +0.07%) falling 0.8%. Weighing on the banks, the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (USB 26.15, +0.06, +0.23%) and Wells Fargo & Co. (WFC 31.59, +0.09, +0.29%) were invalid because the banks failed to show they held the mortgages at the time of the foreclosure. “That takes you back into the maelstrom of who is the valid holder of the mortgage, who owns the property and will this slow the rate at which the banks can process the foreclosures,” said Joseph Battipaglia, chief market strategist of the private client group at Stifel Nicolaus. “It comes down to the timing and speed at which banks can work through their troubled asset portfolios, and that delays the timing of an expected earnings recovery.” U.S. Bancorp dropped 0.8% and Wells Fargo declined 2%. Neither stock is in the Dow. Investors fretted over how the ruling against U.S. Bancorp and Wells Fargo could influence similar cases for other banks. Among the other bank stocks that fell, Regions Financial Corp. (RF 7.00, -0.02, -0.29%) shares dropped 1.7% and BB&T Corp. (BBT 26.28, -0.05, -0.19%) declined 2%. The jobless rate fell to 9.4% in December, its lowest level in 19 months, but the economy added just 103,000 new jobs, fewer than expected. The unemployment rate, obtained from a separate household survey, fell to 9.4% last month, the lowest level since May 2009 and the biggest fall in more than a decade. It beat expectations for a 9.7% rate, although it was impacted by a drop in the civilian labor-force participation rate to 64.3%, from 64.5%. “What this is telling you is that this is not a rocketship recovery and it’s not a collapse either,” said Michael Church, president of Addison Capital. “It’s also telling you that the Fed’s not backing away.” Federal Reserve Chairman Ben Bernanke said Friday that the central bank remains “unwaveringly committed” to maintaining price stability. The Fed’s bond-buying program is justified, he said, because unemployment is likely to remain above 8% for the next two years and inflation will remain subdued. The euro (EURUSD 1.2904, -0.0011, -0.0852%) slipped to $1.2913, from $1.3015 late Thursday, trading at its weakest level in more than a month against the dollar, as concerns heightened over the euro zone’s debt stresses. Among investors’ latest worries was that the Swiss National Bank’s rejection of Portuguese government bonds could trigger further rating downgrades, but the SNB noted the bonds were never part of its list of eligible collateral due to settlement reasons. The U.S. Dollar Index (DXY 81.14, +0.35, +0.43%) , tracking the U.S. currency against a basket of six others, rose 0.4%. Treasurys rose, pushing the yield on the 10-year note down to 3.33%. Gold futures edged up while crude-oil futures slipped. Among stocks in focus, Borders Group (BGP 0.92, +0.06, +6.86%) climbed 6.9% after The Wall Street Journal, citing people familiar with the matter, reported that the bookstore chain has been in discussions with restructuring advisers about ways to rework its balance sheet. Liz Claiborne (LIZ 6.00, -0.01, -0.17%) tumbled 13%. The apparel maker cut its operating income forecast for the second half of 2010, citing “clearly disappointing” direct-to-consumer sales in December.

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

AT&T T $28.85 -0.30 1.03% 47,506,257 NYSE: Inv. Bus. Daily pA2 "Verizon set to anounce iPhone", WSJ pB1 "Verizon finally lands IPhone" by Shayndi Raice, WSJ pB4 "Wave of 4G gadgets" by Roger Cheng, WSJ pB4 "T-Mobile smartphones to head down market" by Roger Cheng say the largest US wireless carrier, Verizon Wireless, will make the long-awaited announcement that it is getting the iPhone in an event Tues in NYC. It will change the balance of power in the industry, ending Verizon rival AT&T's exclusive hold on the device and leaving smaller players like Sprint Nextel and T-Mobile USA acing 2 well capitalized competitors offering the world's most popular smartphone. The Verizon phone will be similar to the iPhone 4 but run on CDMA technology. Verizon Wireless is a jv between Verizon Communications, a Dow component and Vodafone. apple is expanding its carrier base in the US at a time when it is facing increasing pressure from phones powered by Google's operating sysgtem, Andorid. AT&T said it would launch 20 devices this year, including some on its newly dubbed 4G network. T-Mobile is aggressively heading down market with its smarphone business as many of its smartphones will be made up of Google powered phones costing less than $100.

Alcoa AA $16.42 +0.06 0.37% 36,139,004 NYSE: Barron's pM3 "Fast out of the gate, with the crowd roaring" by Kopin Tan, Barron's Week Preview p17, Inv. Bus. Daily pA1 "Strong Q4 profit gains expected, led by banks, oil & materials" by Kevin Harlin say Alcoa, Intel, JPmorgan start reporting season this week and 32% overall gain is expected. Alcoa will kick off the earnings season on Mon with Intel and JPMorgan reporting later in the week. Deutsche Bank's Jorge Beristain rcently upgraded Alcoa to buy from hold and raised its 12 month price target to $22 a sahre on the likelihood of higher prices for aluminum and a belief that Alcoa has turned the corner operationally.

American Express AXP $44.36 -0.37 0.83% 6,387,555 NYSE:

Bank of America BAC $14.25 -0.19 1.32% 391,703,695 NYSE: Barron's "Week review" says Bank of America agreed to pay back $2.8 bil to Fannie Mae an Freddie Mac for loans that were issued to its Countrywide unit. Also Mass' highest court upheld a ruling invalidating 2 US Bancorp and Wells Fargo foreclosures for lack of ownership proof.

Barron's pM12 'Research reports" says Dandler O'Neill published a report on 1/3 with a buy with a target of 20.

Boeing BA $69.38 +0.58 0.84% 6,793,239 NYSE:

Caterpillar CAT $93.73 +0.19 0.2% 4,545,761 NYSE:

Chevron CVX $91.19 +0.50 0.55% 6,344,053 NYSE: Barron's p17 "Week Preview" says on Mon Alcoa reports earnings, on Tuesday Verizon Wireless may unveil its version of the Apple iPhone an Chevron will give an interim update and on Thurs JPMorgan's Chris Danely says Intel will miss 4Q guidance due to disappointing notebook shipments. On Fri JPMorgan is expected to post quarterly per share earnings of $1.03 but JPMorgan's recent earnings outperformance could set up unrealistic expectations.

Cisco CSCO $20.97 +0.02 0.1% 67,701,811 NASDAQ-GS: Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Coke KO $62.92 -0.11 0.17% 8,290,645 NYSE: Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Barron's pM10 "Chll squeezes orange supply" by Leslie Josephs says Coke said in Dec that would it likely increase prices on its Minute Maid and Simply juice brands 4 to 8% this year, owing to rising costs of fruit, along with fuel and packaging.

Disney DIS $39.45 -0.20 0.5% 6,598,606 NYSE:

DuPont DD $49.76 -0.22 0.44% 5,041,486 NYSE:

Exxon XOM $75.59 +0.41 0.55% 19,290,958 NYSE: Inv. Bus Daily pB9 "Exxon keeps EPS, dividends on steady path" by Paul Whitfield says Exxon's earnings increased 4%, 90% & 47% in the past 3 quarters as rev grew 41%, 24$ & 16% in the same period. The annualized dividend yield is 2.3% and it has increased its dividend for 28 straight years. Exxon has cash of $12.2 bil

GE $18.43 -0.13 0.7% 57,309,640 NYSE:

Hewlett-Packard HPQ $45.09 +0.21 0.47% 22,265,913 NYSE: Barron'[s p27 "Gadgets and glitter: the latest from Consumer Electronics Shw" by jay Palmer says this year's CES was all about tablets and that Hewlett-Packard will unveil one, but not yet.

Home Depot HD $34.38 -0.04 0.12% 11,734,753 NYSE:

Intel INTC $20.66 0.11 0.53% 74,736,647 NASDAQ-GS: Inv. Bus. Daily pA1 "Strong Q4 profit gains expected, led by banks, oil & materials" by Kevin Harlin says Alcoa, Intel, JPmorgan start reporting season this week and 32% overall gain is expected. Alcoa will kick off the earnings season on Mon with Intel and JPMorgan reporting later in the week.

Barron's p17 "Week Preview" says on Mon Alcoa reports earnings, on Tuesday Verizon Wireless may unveil its version of the Apple iPhone an Chevron will give an interim update and on Thurs JPMorgan's Chris Danely says Intel will miss 4Q guidance due to disappointing notebook shipments. On Fri JPMorgan is expected to post quarterly per share earnings of $1.03 but JPMorgan's recent earnings outperformance could set up unrealistic expectations.

Inv. Bus Daily pA6 "chipmakers are spending again & buying its ion implanters" by marily Much profiles Varian Semiconductor Equipment which sells its ion implanters to Intel on other top chipmakers.

Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Barron's p25 "Tech Trader" by Tiernan Ray says Microsoft has conceded that the "Wintel" empire, its lengthy alliance with Intel is in decline, if not done altogether as Microsoft said the next version of the Windows operating system will be built to use chips that use technology from ARM Holdings.

IBM $147.93 -0.73 0.49% 4,133,679 NYSE:

JPMorgan JPM $43.64 -0.84 1.89% 69,500,730 NYSE: Inv. Bus. Daily pA1 "Strong Q4 profit gains expected, led by banks, oil & materials" by Kevin Harlin says Alcoa, Intel, JPmorgan start reporting season this week and 32% overall gain is expected. Alcoa will kick off the earnings season on Mon with Intel and JPMorgan reporting later in the week.

Barron's p17 "Week Preview" says on Mon Alcoa reports earnings, on Tuesday Verizon Wireless may unveil its version of the Apple iPhone an Chevron will give an interim update and on Thurs JPMorgan's Chris Danely says Intel will miss 4Q guidance due to disappointing notebook shipments. On Fri JPMorgan is expected to post quarterly per share earnings of $1.03 but JPMorgan's recent earnings outperformance could set up unrealistic expectations.

Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Johnson & Johnson JNJ $62.6 -0.61 0.97% 11,080,609 NYSE: Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Kraft KFT $31.19 -0.08 0.26% 6,742,739 NYSE:

McDonald's MCD $74.37 +0.16 0.22% 11,267,230 NYSE:

Merck MRK $37.35 +0.29 0.78% 12,752,880 NYSE:

Microsoft MSFT $28.6 -0.22 0.76% 73,746,318 NASDAQ-GS: Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.

Pfizer PFE $18.34 +0.16 0.88% 130,695,824 NYSE: Inv. Bus. Daily pA3 "Medical" says Pfizer, the world's largest drugmaker, agreed with Sutro Biopharma to collaborate ont he r&d of biotech drugs on undisclosed terms.

Procter & Gamble PG $64.5 -0.19 0.29% 11,933,975 NYSE:

3M MMM $86.23 +0.09 0.1% 3,340,428 NYSE:

Travelers TRV $53.33 -1.06 1.95% 8,480,367 NYSE:

United Technologies UTX $79.08 -0.07 0.09% 2,771,709 NYSE:

Verizon VZ $35.93 -0.30 0.83% 29,068,590 Dual Listed: Inv. Bus. Daily pA2 "Verizon set to anounce iPhone", WSJ pB1 "Verizon finally lands IPhone" by Shayndi Raice, NYT pB3 "Verizon is said to be planning to announce iPhone 4 on its network" by Miguel Helft say the largest US wireless carrier, Verizon Wireless, will make the long-awaited announcement that it is getting the iPhone in an event Tues in NYC. It will change the balance of power in the industry, ending Verizon rival AT&T's exclusive hold on the device and leaving smaller players like Sprint Nextel and T-Mobile USA acing 2 well capitalized competitors offering the world's most popular smartphone. The Verizon phone will be similar to the iPhone 4 but run on CDMA technology. Verizon Wireless is a jv between Verizon Communications, a Dow component and Vodafone. apple is expanding its carrier base in the US at a time when it is facing increasing pressure from phones powered by Google's operating sysgtem, Andorid. AT&T said it would launch 20 devices this year, including some on its newly dubbed 4G network. T-Mobile is aggressively heading down market with its smarphone business as many of its smartphones will be made up of Google powered phones costing less than $100.

Walmart WMT $54.08 +0.12 0.22% 7,960,395 NYSE: Barron's p23 "Big hopes for big stocks" by Andrew Bary says that after years of trailing their small and midsize brethren by a mile the stocks of the following Dow firms look relatively cheap and ready tor ace ahead of the pack: Coke, Cisco, Intel, JPMorgan, Johnson & Johnson, Microsoft and Walmart.
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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 1/10/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $378.5 [5]
2. Microsoft MSFT 241 [8.5]
3. GE 198 [10.5]
4. WalMart WMT 191.5 [3.5]
5. IBM 183.5 [1]
6. Procter & Gamble PG 182.5 [3]
7. Chevron CVX 182 [2]
8. Johnson & Johnson JNJ 171 [3]
9. JPMorgan Chase JPM 169.5 [4]
10. AT&T T 167.5 [6]
11. Coke KO 146 [2.5]
12. Pfizer PFE 146 [8]
13. Bank of America BAC 145 [10]
14. Intel INTC 115.5 [5.5]
15. Cisco CSCO 115.5 [5.5]
16. Merck MRK 115 [3]
17. Verizon VZ 107 [3]
18. Hewlett-Packard HPQ 98 [2]
19. McDonald's MCD 78 [1]
20. Disney DIS 74.5 [2]
21. United Technologies UTX 72.5 [1]
22. 3M MMM 62 [.5]
23. Caterpillar CAT 59.5 [.5]
24. Home Depot 56.5 [1.5]
25. Kraft KFT 54.5 [2]
26. American Express AXP 53.5 [1]
27. Boeing BA 51 [1]
28. DuPont DD 44.5 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 17 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 1/10/11:

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

AT&T T: 12/21/11 8K re: borrowing up to $8 bil
12/20/11 8K re: purchase of spectrum licenses from Walcomm
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: 12/16/11 8K re acquisition of Loyalty Partner, a marketing firm active in Germany, Poland & India
12/15/11 8K re; delinquency & write-off statistics through 10/31/10
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: 1/3/11 8K re: Agreement with Freddie Mac & Fannie Mae to repurchase $3 bil of loan to settle Countrywide dispute
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: 12/16/10 8K re: Nov. dealer statistics
12/14/10 8K re: changes to By-laws re: holding of Board meetings
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 12/17/10 8K re: pre-arranged exec stock trading plan
11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/15/10 8K re: expiration of tender offer for notes
12/15 & 12/9/10 8Ks re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
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 12/14/10 8K re: issuance of $5 bil of Noes
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: 12/16/10 8K re: departure of Director Sir William M. Castell
11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/15/10 10K
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 Apotheker 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: 1/4/11 8K re: amendment of By-laws to decrease directors to 12
12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignation of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 12/13/10 8K re: termination of Replacement capital Covenants
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: 12/28/10 8K re: expiration & results of tender offer for notes
12/22/10 8K re: adoption of long term exec comp. program
212/13/10 28Ks re: status of tender offerfor notes
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: 12/20/10 8K re: departure and settlement re: Denis Hennequin as Pres. of MCD Europe
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% notes due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staying 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: 12/17/10 8K re: proposed settlement of shareholder derivative lawsuit in US Dist. Ct. SDNY
12/16/10 8K re: election of George A. Lorch as non-Exec Chair
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: 12/14/10 8K re: election of Susan Desmond-Hellmann, 53, Chancellor of U of Cal. SF to Board
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: 12/29/10 8K re: updated fin'l info re: divestiture of properties as a result of acquisition of Alltel Corp. in Jan '09
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