1/13/11 Thurs pm Dow Closes at 11,731.9 down 23.54 or 0.2%

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Post No. 825 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 Thursday at 11,731.9 down23.54 points or 0.2% from Wednesday's close of 11,755.44. Of the 30 Dow Jones component companies 14 gained and 16 declined. The biggest gainer dollar-wise was Caterpillar CAT $94.14 +0.65 0.7% 4,538,229 NYSE and percentage-wise was Home Depot HD $35.27 +0.44 1.26% 10,699,773 NYSE. The biggest decliner dollar-wise was 3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE and percentage-wise was Merck MRK $34.69 -2.46 6.62% 74,285,133 NYSE.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of Tuesday's Wall St. Journal was 0.132129493. The trailing P/E is 14.91 (year ago it was 18.23); the P/E estimate is 13.55 unchanged from yesterday (year ago it was 13.75), and the dividend yield is 2.44 (last year it was 2.56). 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 1,550.13 down 1.89 from Wednesday's closing numerator of 1,553.24. 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 Thursday's Dow Jones Industrial Average was $51.67 down $0.10 from Wednesday's Dow Jones Industrial Average average closing price of $51.77. The median closing price of Thursday's Dow Jones Industrial Average was $45.36 (HPQ/AXP) up $0.04 from Wednesday's median closing price of $45.32. The lowest volume was 3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE and the highest volume was again Bank of America BAC $14.77 -0.22 1.47% 158,728,140 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 lost $311 ($155,324 - $155,013).

MarketWatch Thursday 1/13/11 5:11 by Kristina Peterson says U.S. stocks declined on Thursday, as materials shares lagged in the wake of disappointing economic data, but successful bond auctions in Spain and Italy helped shore up sentiment. The Dow Jones Industrial Average (DJIA 11,732, -23.54, -0.20%) closed down 11731.90 points, or 0.20%, at 11731.90. Merck (MRK 34.69, -2.46, -6.62%) was the measure’s worst performer, taking 19 points off the Dow. The drug maker sank 6.6% after its researchers halted one of two major studies of its experimental anticlotting drug vorapaxar and made significant changes to the other, throwing into doubt the future of one of the most important medicines in its product pipeline. A just-released WSJ survey of leading economists indicates they've turned more optimistic about the outlook for the recovery, despite the dismal housing market. The Nasdaq Composite (COMP 2,735, -2.04, -0.08%) edged down 2.04, or 0.07%, to 2735.29. The Standard & Poor’s 500-stock index (SPX 1,284, -2.20, -0.17%) fell 2.20, or 0.17%, to 1283.76.
Materials lagged as metals prices weakened following U.S. economic data that largely missed investors’ expectations. Alcoa (AA 15.75, -0.49, -3.02%) shed 3% and Newmont Mining (NEM 56.81, -0.98, -1.70%) fell 1.7%. Freeport-McMoRan Copper & Gold dropped 3.1% after unionized workers at copper mining company Sociedad Minera Cerro Verde SAA, which is controlled by Freeport-McMoRan (FCX 118.07, -3.77, -3.09%) , prepared to begin striking Friday. In U.S. economic data, the Labor Department reported that the number of workers filing for initial jobless claims unexpectedly increased by 35,000 to 445,000 in the week ended Jan. 8. Economists polled by MarketWatch had expected them to fall to a seasonally adjusted 405,000.
However, investors noted that this week’s data could have been impacted by the recent snowstorms. “Claims are going in the right direction, they just aren’t going fast enough,” said Jerry Harris, president of asset management at Sterne Agee.
Separately, U.S. producer prices jumped in December, rising a seasonally adjusted 1.1% in December from November. However, stripping out volatile food and energy items, producer prices increased 0.2%. Economists polled by Dow Jones Newswires were expecting a 0.8% increase in the overall figure. The core index of producer prices came in line with forecasts. The U.S. trade deficit unexpectedly narrowed for the third straight month in November, though the gap with China rebounded.
After the bell, Intel (INTC 21.80, +0.51, +2.40%) reported a 48% jump in fourth-quarter profit on demand for server processors. Successful auctions of euro-zone debt continued to calm some of investors’ worries over the precarious state of the region’s fiscal stability. The Spanish government sold 3 billion euros ($3.9 billion) in five-year bonds at yields below those in the secondary market, though its borrowing costs rose compared to a November auction. Italy also successfully conducted a bond sale. Both the Bank of England and the European Central Bank left benchmark interest rates unchanged. ECB president Jean-Claude Trichet said that the inflationary pressures in the euro area appeared to be short term. The dollar weakened against both the euro and the yen. The euro (USDEUR 0.7707, -0.0013, -0.1684%) hit a one-week high against the dollar, trading recently at $1.3354, up from $1.3133 late Wednesday in New York. The U.S. Dollar Index (DXY 79.18, -0.85, -1.07%) , which represents the currency against a basket of others, sank 1.1%.
Demand for Treasurys rose, pushing yield on the 10-year note down to 3.30%. Crude-oil prices (CLG11 91.01, -0.39, -0.43%) settled below $92 a barrel, while gold futures (GCG11 1,373, -14.40, -1.04%) declined. Among stocks in focus, Marathon Oil (MR 25.67, -1.01, -3.79%) rallied 6% after the company’s board approved advancing plans to spin off the company’s refining and sales operations. The split will see the creation of Marathon Petroleum Corp., expected to be the fifth largest U.S. refiner. Printed circuit board maker TTM Technologies (TTMI 17.75, +0.01, +0.06%) gained 21% after raising its fourth-quarter forecast, saying an increase in demand for its high technology products boosted its prospects.
Whole Foods Market (WFMI 52.25, -0.06, -0.12%) rose 4.6% after Jefferies reiterated a buy rating for the upscale grocer and boosted its price target to $60 from $47. Jefferies said its post-holiday checks were “quite strong.”

Thursday's Closing Dow Numbers:

AT&T T $28.08 +0.04 0.14% 35,897,649 NYSE
Alcoa AA $15.75 -0.49 3.02% 69,049,561 NYSE
Amex AXP $45.06 +0.06 0.13% 6,360,337 NYSE
Bank of America BAC $14.77 -0.22 1.47% 158,728,140 NYSE
Boeing BA $69.83 -0.32 0.46% 4,028,557 NYSE
Caterpillar CAT $94.14 +0.65 0.7% 4,538,229 NYSE
Chevron CVX $92.18 -0.27 0.29% 5,720,356 NYSE
CSCO $21.08 -0.04 0.19% 34,989,932 NASDAQ-GS
Coke KO $63.4 +0.36 0.57% 8,970,439 NYSE
DIS $39.26 +0.09 0.23% 7,076,959 NYSE
DuPont DD $49.39 +0.29 0.59% 5,405,313 NYSE
Exxon XOM $76.71 +0.13 0.17% 20,435,845 NYSE
GE $18.6 -0.07 0.37% 44,786,504 NYSE
Hewlett-Packard HPQ $45.65 +0.01 0.02% 13,114,095 NYSE
Home Depot HD $35.27 +0.44 1.26% 10,699,773 NYSE
Intel INTC $21.29 -0.0125 0.06% 103,502,728 NASDAQ-GS
IBM $148.82 -0.28 0.19% 3,442,914 NYSE
JPM $44.45 -0.26 0.58% 42,063,250 NYSE
JNJ $62.91 +0.41 0.66% 9,466,072 NYSE
KFT $31.44 -0.06 0.19% 6,646,924 NYSE
MCD $72.67 -0.93 1.26% 14,505,854 NYSE
Merck MRK $34.69 -2.46 6.62% 74,285,133 NYSE
MSFT $28.19 -0.36 1.26% 66,971,924 NASDAQ-GS
Pfizer PFE $18.22 -0.15 0.82% 45,896,316 NYSE
Procter & Gam PG $65.48 +0.51 0.78% 9,890,810 NYSE
3M MMM $88.04 -0.62 0.7% 2,351,199 NYSE
TRV $54.67 +0.08 0.15% 3,332,756 NYSE
United Tech UTX $79.5 +0.07 0.09% 2,692,921 NYSE
Verizon VZ $35.8 +0.33 0.93% 23,885,186 DualListed
WMT $54.79 -0.06 0.11% 12,863,056 NYSE


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The following are excerpts from Thursday morning's Blog.

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

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Wednesday at 11,755.44 up 83.56 points or 0.72% from Tuesday's close of 11,671.88. For the year the Dow is up 1.54%. Of the 30 Dow Jones component companies 24 gained and 6 declined. The biggest gainer dollar-wise was IBM $149.1 1.82 +1.24% 3,969,337 NYSE and percentage-wise was JPMorgan JPM $44.71 +1.11 2.55% 39,361,037 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.49 -0.46 0.49% 5,659,236 NYSE and percentage-wise was Disney DIS $39.17 -0.23 0.58% 9,546,991 NYSE.

WSJ pC1 "Portugal's debt sale helps Dow rise 83.56 by Jonathan Cheng says global investors drove up stock & commodities prices around the world, emboldened by a successful Portuguese bond auction offering that offered hope Europe could rise through its latest debt woes. The Dow has its second consecutive day of gains as it added 1.5% so far this month & is on track for its 6th straight week of gains. Bank shares fared well in Europe and the US as fin'ls led the gains after Wells Fargo upgraded its assessment of the banking sector. JPMorgan and Bank of America were among the best performers.

Fin Times p24 "ITT leads US equities to 2 year highs as eurozone fears subside" by ichael Stothard saysUS equities climbed to fresh 2 year highs led by ITT after it announced plans to split into 3 publicly traded firms. JPMorgan saw one of the strongest gains in the fin'l sector after Jamie Dimon, ceo, said he wanted to boost the firm's dividend in 2Q of '11.

NYT pB8 "After a successful bond sale by Portugal, a higher finish for Wall St" by Reuters says shares on Wall St finished solidly higher on Wed after European debt fears eased. The broad advance was led by banks & commodity related shares. Banks were led by JPMorgan which rose 2.5% after its CEO said it would increase its dividend once the Fed Res gave its approval. JPMorgan is expected to report its quarterly results on Fri.

Inv. Bus. Daily p A1 "Indexes make healthy gains, close near day's highs" by Paul Whitfield says stocks posted solid gains Wed amid a broad advance as all 3 major indexes closed near session highs and pegged new 52 week highs. The action was up in mixed volume with the market in a confirmed uptrend.

USA Today p4B "Fin'l stocks put markets higher" by AP says hopes that banks would start raising their dividends sent fin'l stocks sharply higher Wed. Indexes closed at their highest levels in more than2 years after a successful bond action in Portugal eased worries about Europe's debt crisis.

Wednesday's Dow Jones Industrial Average closing numerator was 1,553.24 up 11.04 from Tuesday's closing numerator of 1,542.20. 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 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.77 up $0.36 from Tuesday's Dow Jones Industrial Average average closing price of $51.41. The median closing price of Wednesday's Dow Jones Industrial Average was $45.32 (HPQ/AXP) up $0.08 from Tuesday's median closing price of $45.24. The lowest volume was 3M MMM $88.66 +0.92 1.05% 2,725,949 NYSE and the highest volume was again Bank of America BAC $14.99 +0.30 2.04% 198,599,040 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 $1,104 ($155,324 - $154,220).

MarketWatch Wednesday 1/12/11 4:33 by Kate Gibson says U.S. stocks rose for a second day Wednesday, after Portugal was successful in raising money, easing concerns about sovereign debt woes in Europe. The financial sector also received a lift after JPMorgan Chase’s (JPM 44.72, +0.01, +0.02%) chief executive suggested the bank might pay a yearly dividend of $1 and an analyst recommended buying shares of large U.S. banks. The Dow Jones Industrial Average (DJIA 11,755, +83.56, +0.72%) rose 83.56 points, or 0.7%, to 11,755.44, with JP Morgan leading the advance, up 2.6%, followed by Bank of America Corp. (BAC 15.04, +0.05, +0.33%), up 2%. The banking sector also got a boost from Wells Fargo’s recommendation to buy shares of large U.S. banks. Read more on financial stocks. The Standard & Poor’s 500 Index (SPX 1,286, +11.48, +0.90%) gained 11.48 points, or 0.9%, to 1,285.96, with financial companies the best performers among its 10 major industry groups, which were all higher. Up for a third consecutive session, the Nasdaq Composite Index (COMP 2,737, +20.50, +0.76%) climbed 20.50 points, or 0.8%, to 2,737.33. The advance in U.S. stocks followed a rally in European stocks, with banks leading the gains after Portugal’s sale of $1.62 billion in debt drew healthy demand. Investors also reacted to other signs pointing to more stable financial conditions in Europe. On Tuesday, Japan vowed to follow China in buying European government bonds. Should Europe’s debt troubles spread to Spain or Italy, then “all of a sudden all the money that has been raised runs out, and at that point, those larger economic contributors would start to create cracks in the financial stability in the European community,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Therefore, the purchases of European debt by China and Japan, two of the region’s trading partners “helps a lot in the sense the [European Central Bank] doesn’t have to go it alone,” he said. Stocks lightly pared gains after the Federal Reserve released its report on economic conditions in the 12 Fed districts. The report showed evidence the economy was expanding moderately through the end of last year, though real estate and banking continued to weigh on activity. In New York, advancers outpaced decliners by nearly 3 to 1 on the New York Stock Exchange, where volume reached 963.5 million shares. Among the session’s standouts, shares of ITT Corp. (ITT 61.28, -0.22, -0.36%) surged 16.5% after the diversified manufacturer said it would split into three publicly traded companies.
Before Wall Street’s opening bell, the government reported U.S. import prices rose in December on higher energy costs. On Tuesday, both the Dow industrials and the S&P 500 snapped a three-session losing streak.

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

AT&T T $28.04 +0.13 0.47% 35,845,179 NYSE: WSJ pC1 "AIG's major share sale near" by Serena Ng says American Int'l Group plans to agree with the US gov on Fri for a share sales that would end its status as a ward of the state. Execs of Bank of America and JPMorgan and other banks are in meetings to discuss the sale. There is a chart that shows the top 10 largest US equity offerings with GM the largest at $23.1 bil, BofA 4th ($19.3 bil), GE 8th ($12.2 bil) JPMorgan 9th ($11.5 bil) and 10th is AT&T Wireless on April 26, 2000 raising $10.6 bil.

Inv. Bus Daily pA4 "Verizon iPhone a challenge for Android" by AP says the big issue is how many AT&T subscribers will defect to Verizon now that it has the iPhone but it will definitely allow Verizon to boost slowing Android sales. Verizon has 93 mil subscribers.

Alcoa AA $16.24 -0.09 0.55% 42,031,918 NYSE: No mentions found.

Amex AXP $45 -0.04 0.09% 8,033,182 NYSE: No mentions found.

Bank of America BAC $14.99 +0.30 2.04% 198,599,040 NYSE: WSJ pC1 "Portugal's debt sale helps Dow rise 83.56 by Jonathan Cheng says global investors drove up stock & commodities prices around the world, emboldened by a successful Portuguese bond auction offering that offered hope Europe could rise through its latest debt woes. The Dow has its second consecutive day of gains as it added 1.5% so far this month & is on track for its 6th straight week of gains. Bank shares fared well in Europe and the US as fin'ls led the gains after Wells Fargo upgraded its assessment of the banking sector. JPMorgan and Bank of America were among the best performers.

WSJ pC12 "Four horsemen of the housing bust saddled with homes" by David Reilly says holdings of foreclosed residential real estate at the 4 biggest banks, BofA, Citigroup, JPMorgan and Wells Fargo grew 33% in the first nine months of the year to $6.8 bi and it is even more at Fannie Mae and Freddie Mac.

WSJ pC1 "AIG's major share sale near" by Serena Ng says American Int'l Group plans to agree with the US gov on Fri for a share sales that would end its status as a ward of the state. Execs of Bank of America and JPMorgan and other banks are in meetings to discuss the sale. There is a chart that shows the top 10 largest US equity offerings with GM the largest at $23.1 bil, BofA 4th ($19.3 bil), GE 8th ($12.2 bil) JPMorgan 9th ($11.5 bil) and 10th is AT&T Wireless on April 26, 2000 raising $10.6 bil.

Boeing BA $70.15 +1.19 1.73% 5,910,161 NYSE: WSJ pB2 "Boeing, supplier reach settlement over 787 delay" by Matt Jarzemsky says Boeing has settled with Spirit AeroSystems Holdings, a supplier of parts over program delays.

Caterpillar CAT $93.49 -0.46 0.49% 5,659,236 NYSE: No mentions found.

Chevron CVX $92.45 +0.62 0.68% 6,294,155 NYSE: No mentions found.

Cisco CSCO $21.12 +0.24 1.15% 40,524,154 NASDAQ-GS: Inv. Bus. Daily pB4 "Wirelss devices spell opportunity for Aruba Networks" by Vincent Mao says with the explosion of laptops, tablets, smartphones and other mobile devices, being wireless is the norm as this article focuses on Aruba Networks which makes secure access to networks and is the second biggest player behind Cisco Systems in enterprise WLAN, or network systems that serve universities, large firms and other entities with large number of users.

Coke KO $63.04 +0.35 0.56% 7,046,051 NYSE: AJC pA14 Coke recaptures deal with hotel chain" by Jeremiah McWilliams says 5 years after losing the account to Pepsi, Coke won the rights to sell beverages at Starwood Hotels & Resorts.

Disney DIS $39.17 -0.23 0.58% 9,546,991 NYSE: No mentions found.

DuPont DD $49.1 +0.13 0.27% 6,503,187 NYSE: No mentions found.

Exxon XOM $76.58 +0.89 1.18% 17,136,142 NYSE: No mentions found.

GE $18.67 +0.04 0.21% 54,229,868 NYSE: WSJ pC1 "AIG's major share sale near" by Serena Ng says American Int'l Group plans to agree with the US gov on Fri for a share sales that would end its status as a ward of the state. Execs of Bank of America and JPMorgan and other banks are in meetings to discuss the sale. There is a chart that shows the top 10 largest US equity offerings with GM the largest at $23.1 bil, BofA 4th ($19.3 bil), GE 8th ($12.2 bil) JPMorgan 9th ($11.5 bil) and 10th is AT&T Wireless on April 26, 2000 raising $10.6 bil.

Hewlett-Packard HPQ $45.64 +0.21 0.46% 14,303,760 NYSE: No mentions found.

Home Depot HD $34.83 -0.03 0.09% 8,907,574 NYSE: AJC pA14 "Home Depot names new head of Canadian div" by Arielle Kass says it is Aaron Carmack.

Intel INTC $21.3025 +0.2525 1.2% 51,892,873 NASDAQ-GS: No mentions found.

IBM $149.1 1.82 +1.24% 3,969,337 NYSE: No mentions found.

JPMorgan JPM $44.71 +1.11 2.55% 39,361,037 NYSE: WSJ pC1 "Portugal's debt sale helps Dow rise 83.56 by Jonathan Cheng says global investors drove up stock & commodities prices around the world, emboldened by a successful Portuguese bond auction offering that offered hope Europe could rise through its latest debt woes. The Dow has its second consecutive day of gains as it added 1.5% so far this month & is on track for its 6th straight week of gains. Bank shares fared well in Europe and the US as fin'ls led the gains after Wells Fargo upgraded its assessment of the banking sector. JPMorgan and Bank of America were among the best performers.

WSJ pC12 "Four horsemen of the housing bust saddled with homes" by David Reilly says holdings of foreclosed residential real estate at the 4 biggest banks, BofA, Citigroup, JPMorgan and Wells Fargo grew 33% in the first nine months of the year to $6.8 bi and it is even more at Fannie Mae and Freddie Mac.

WSJ pC1 "AIG's major share sale near" by Serena Ng says American Int'l Group plans to agree with the US gov on Fri for a share sales that would end its status as a ward of the state. Execs of Bank of America and JPMorgan and other banks are in meetings to discuss the sale. There is a chart that shows the top 10 largest US equity offerings with GM the largest at $23.1 bil, BofA 4th ($19.3 bil), GE 8th ($12.2 bil) JPMorgan 9th ($11.5 bil) and 10th is AT&T Wireless on April 26, 2000 raising $10.6 bil.

Fin Times p24 "ITT leads US equities to 2 year highs as eurozone fears subside" by ichael Stothard saysUS equities climbed to fresh 2 year highs led by ITT after it announced plans to split into 3 publicly traded firms. JPMorgan saw one of the strongest gains in the fin'l sector after Jamie Dimon, ceo, said he wanted to boost the firm's dividend in 2Q of '11.

Johnson & Johnson JNJ $62.5 +0.23 0.37% 8,235,926 NYSE: NYT pB3 "Oregon sues J&J in Motrin buyback" by Natasha Singer says the Oregon lawsuit says the problems with Motrin pills that were recalled in '09 due to problems with dissolving properly were wider than previously known to the public and involved certain 24 coutn packages of Motrin as well as those with 8 count vials.

KFT $31.5 +0.21 0.67% 6,174,865 NYSE: No mentions found.

MCD $73.6 -0.30 0.41% 9,674,381 NYSE: No mentions found.

MRK $37.15 +0.20 0.54% 12,738,067 NYSE: No mentions found.

Microsoft MSFT $28.55 +0.44 1.57% 51,783,635 NASDAQ-GS: Fin Times p15 "Apple trademark push riles Microsoft" by Mary Watkins, WSJ pB6 "Microsoft fights Apple's claim to App Store" by Ian Sherr, Inv. Bus. Daily pA2 "Microsoft fights App Store claim, say Microsoft's fight with Apple is over the trademark for the term "app store" saying it is a generic term used through the tech industry. Apple originally filed for the mark in '08.

Fin Times p15 "Ballmer's window of opportunity to prove his worth" by Richard Waters some of Microsoft's Board are getting restless about the firm's performance under Ballmer's 11 year watch and his job may be on the line.

Pfizer PFE $18.37 +0.15 0.82% 26,206,775 NYSE: No mentions found.

Procter & Gamble PG $64.97 +0.93 1.45% 10,066,360 NYSE: NYT pB1 "As the web turns" by Andrew martin says a website created by Procter & Gamble is aiming at family men with advice about sex, grooming, sports etc.

3M MMM $88.66 +0.92 1.05% 2,725,949 NYSE: No mentions found.

TRV $54.59 +0.69 1.28% 3,784,927 NYSE: No mentions found.

United Tech UTX $79.43 +0.51 0.65% 3,195,448 NYSE: No mentions found.

Verizon VZ $35.47 +0.11 0.31% 24,810,132 DualListed: Inv. Bus Daily pA4 "Verizon iPhone a challenge for Android" by AP says the big issue is how many AT&T subscribers will defect to Verizon now that it has the iPhone but it will definitely allow Verizon to boost slowing Android sales. Verizon has 93 mil subscribers.

Walmart WMT $54.85 +0.56 1.03% 13,475,961 NYSE: WSJ pB1 "A continent of new consumers beckons" by Peter Wonacott says multinational firms are reaching out to increased consumer spending in Africa. Walmart has agreed to pay $2.5 bil for 51% of S. Africa's Massmart Holdings Ltd with plans to use the discount retailer as a foothold for continental expansion.

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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