1/21/11 Fri pm Dow Closes 11,871.84 up 49.04 or 0.41%

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Post No. 838 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 Friday at 11,871.84 up 49.04 points or 0.41% from Thursday's close of 11,825.29. For the week the Dow was up 84.48 or 0.72% from last Friday's close of 11,787.38. Of the 30 Dow Jones component companies 18 gained and 12 declined. The biggest gainer dollar-wise and percentage-wise was GE $19.74 +1.31 7.11% 228,156,869 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $92.75 -0.86 0.92% 6,167,864 NYSE and percentage-wise was Bank of America BAC $14.25 -0.29 1.99% 291,101,037 NYSE.

As of the open of the market Friday, 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 14.84 unchanged from Thursday's 14.84 (year ago it was 17.42); the P/E estimate is 12.75 up from Thursday's 12.35 (year ago it was 13.65), and the dividend yield is 2.43 unchanged from yesterday's 2.43 (last year it was 2.64). 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.

Friday's Dow Jones Industrial Average closing numerator was 1,568.19 up 6.05 from Thursday's closing numerator of 1,562.14. 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 Friday's Dow Jones Industrial Average was $52.29 up $0.22 from Thursday's Dow Jones Industrial Average average closing price of $52.07. The median closing price of Friday's Dow Jones Industrial Average was $46.61 (HPQ/AXP) up $0.58 from Thursday's median closing price of $46.03. The lowest volume was 3M MMM $89.29 +1.25 1.42% 3,906,556 NYSE and the highest volume was again Bank of America BAC $14.25 -0.29 1.99% 291,101,037 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 made $648 ($156,862 - $156,214).

MarketWatch Friday 1/21/11 4:56 by Kristina Peterson says US blue chip stocks climbed Friday as encouraging earnings from General Electric boosted industrial stocks, overshadowing disappointing corporate reports from Bank of America Corp. and some others. The Dow Jones Industrial Average (DJIA 11,872, +48.96, +0.41%) rose 49 points, or 0.4%, to 11,872. GE (GE 19.73, -0.01, -0.05%) led the measure, soaring 7.1% for its best day since March 2009, after the conglomerate’s fourth-quarter profit jumped 51% and revenue also beat Wall Street’s estimates with a pickup in orders for big-ticket equipment and services. The Nasdaq Composite (COMP 2,690, -14.75, -0.55%) fell 14.75, or 0.6% to 2,689.54. The Standard & Poor’s 500-stock index (SPX 1,283, +3.09, +0.24%) rose 3.09, or 0.24%, to 1,283.35, led by the industrial sector. For the week, the Dow ended up 0.7%, its eighth straight week of gains. The S&P 500 lost 0.8%, breaking a seven-week win streak. The Nasdaq Composite dropped 2.4%, its first down week in three. A round of largely encouraging earnings reports late Thursday and early Friday boosted market sentiment.
“GE’s earnings were phenomenal,” said Dick Del Bello, senior partner at Conifer Group, especially given the breadth of the company’s business, which showed improvement across the board, he noted. “The industrials are where we have a chance for jobs and manufacturing in the U.S.,” he said, so “GE earnings in particular have a very positive effect not only on the market, but also on people’s outlook for the economy.” Even a small group of earnings disappointments were not enough to undermine the market’s earnings-induced giddiness. Bank of America shares (BAC 14.26, +0.01, +0.07%) fell 2% after a surprise fourth-quarter loss, weighed upon by charges from pre-announced settlements and write-downs related to mortgage problems. Hewlett-Packard Co. announced Thursday that four members of its board are stepping down and the company named five new directors. But other banks’ shares rose. “Nobody who’s paying attention would expect the old Countrywide portion of Bank of America to have any positive information to present, and that’s where the problems really are,” Jamie Cox, managing partner of Harris Financial Group, said.
Regional banks led the S&P 500’s financial stocks higher. SunTrust Banks Inc. (STI 29.55, +0.05, +0.15%) surged 5.9% after the company swung to a fourth-quarter profit, thanks to sharply lower loan-loss provisions, and earnings and revenue beat analysts’ forecasts. Shares of BB&T Corp. (BBT 28.31, -0.08, -0.28%) , focused on the Mid-Atlantic and Southeast, climbed 4.8% after its fourth-quarter earnings rose 12%, topping analysts’ estimates, as the company set aside less to cover credit losses. Technology stocks were weaker, led lower by Advanced Micro Devices Inc. (AMD 7.53, -0.01, -0.13%) , whose shares fell 6% after the semiconductor company reported flat revenue for the fourth quarter and declined to update its search for a new chief executive. Meanwhile, concerns over the euro zone’s health eased as German business sentiment soared to an all-time high, sending the euro to a two-month peak against the dollar. The dollar weakened against both the euro and the yen. The euro (EURUSD 1.3617, +0.0004, +0.0294%) was trading recently at $1.3613, up from $1.3475 late Thursday in New York. Demand for Treasurys rose, pushing yield on the 10-year note (UST10Y 3.41, -0.05, -1.36%) down to 3.41%. Crude-oil prices rose, as did gold futures. Among stocks in focus, Google Inc.’s (GOOG 611.85, +0.02, +0.00%) fourth-quarter earnings jumped 29% and beat estimates, but shares fell 2.4% following a surprise management reshuffle. The company said co-founder Larry Page would succeed Eric Schmidt as chief executive, with Schmidt assuming the role of chairman. Hewlett-Packard Co.(HPQ 47.54, +0.31, +0.65%) shares rose 1% after the company said late Thursday it was replacing four board members and adding a fifth, part of sweeping changes that come less than six months after the exit of former Chief Executive Mark Hurd. Among the new appointees was Meg Whitman, former CEO of eBay. Shares in Warner Music Group (WMG 6.01, +1.29, +27.33%) shares jumped 27% after The Wall Street Journal reported the company has enlisted Goldman Sachs to seek buyers for part or all of its business, citing people familiar with the matter. Hospira (HSP 55.39, +0.13, +0.24%), the sole maker of a drug that death-penalty states use to carry out executions, said it has decided to permanently halt production. Its shares fell 0.7%.

Friday's Closing Dow Numbers:

AT&T T $28.33 +0.10 0.35% 37,964,217 NYSE
Alcoa AA $15.79 -0.19 1.19% 27,918,133 NYSE
American Express AXP $46 +0.73 1.61% 8,728,813 NYSE
Bank of America BAC $14.25 -0.29 1.99% 291,101,037 NYSE
Boeing BA $71.68 +0.56 0.79% 4,435,899 NYSE
Caterpillar CAT $92.75 -0.86 0.92% 6,167,864 NYSE
Chevron CVX $93.78 +1.07 1.15% 7,403,276 NYSE
CSCO $20.725 -0.045 0.22% 39,983,652 NASDAQ-GS
Coke KO $62.77 -0.16 0.25% 8,331,017 NYSE
Disney DIS $39.74 +0.57 1.46% 10,909,392 NYSE
DuPont DD $48.35 +0.23 0.48% 6,137,158 NYSE
Exxon XOM $78.98 +1.23 1.58% 25,049,833 NYSE
GE $19.74 +1.31 7.11% 228,156,869 NYSE
Hewlett-Packard HPQ $47.23 +0.45 0.96% 29,559,609 NYSE
Home Depot HD $36.51 +0.02 0.05% 11,865,781 NYSE
Intel INTC $20.82 -0.13 0.62% 63,407,121 NASDAQ-GS
IBM $155.5 -0.30 0.19% 7,002,200 NYSE
JPMorgan JPM $45.29 +0.54 1.21% 44,503,510 NYSE
Johnson & Johnson JNJ $62.66 -0.20 0.32% 12,684,168 NYSE
Kraft KFT $31.35 +0.12 0.38% 10,541,466 NYSE
McDonald's MCD $75.01 -0.15 0.2% 9,791,364 NYSE
Merck MRK $33.9 -0.15 0.44% 20,725,867 NYSE
Microsoft MSFT $28.02 -0.3325 1.17% 57,950,722 NASDAQ-GS
Pfizer PFE $18.359 +0.119 0.65% 39,524,188 NYSE
Procter & Gamble PG $65.91 +0.11 0.17% 9,535,791 NYSE
3M MMM $89.29 +1.25 1.42% 3,906,556 NYSE
Travelers TRV $55 +0.12 0.22% 5,436,206 NYSE
United Technologies UTX $80.2 +0.65 0.82% 4,606,072 NYSE
Verizon VZ $34.95 +0.34 0.98% 23,989,216 DualListed
Walmart WMT $55.73 -0.26 0.46% 12,932,690 NYSE
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The following are excerpts from Friday morning's Blog.

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

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 11,822.8 down 2.49 points or 0.11% from Wednesday's close of 11,825.29. For the year the Dow is up 2.12%. Of the 30 Dow Jones component companies 16 gained and 14 declined. The biggest gainer dollar-wise was JPMorgan JPM $44.75 +1.04 2.38% 46,963,172 NYSE and percentage-wise was Merck MRK $34.05 +0.14 0.41% 21,610,959 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $93.61 -1.93 2.02% 7,158,127 NYSE.

WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

Fin Times p22 "Investment banks rebound after strong Morgan Stanley figures" by Michael Strothard says Morgan Stanley posted an 88% jump in 4Q profits lifting fin'l stocks on Wall St after 2 consecutive sessions of losses from the sector.

NYT pB9 "led by commodities, shares fall on China concerns" by AP says expectations that China would take steps to slow its economic expansion sent commodities & materials stocks lower Thurs.

USA Today p4B "Stocks close flat amid conflicting news" by Bloomberg says stocks erased most losses, preventing the biggest 2 day drop since Nov, as Morgan Stanley led gains by fin'l firms and home builders rallied, offsetting concern that China will raise interest rates & hamper global growth. Home Depot added 86 cents after a report showed sales of previously owned US homes topped forecasts.

Thursday's Dow Jones Industrial Average closing numerator was 1,562.14 down 0.33 from Wednesday's closing numerator of 1,562.47. 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 $52.07 down $0.01 from Wednesday's Dow Jones Industrial Average average closing price of $52.08. The median closing price of Thursday's Dow Jones Industrial Average was $46.03 (HPQ/AXP) up $0.68 from Wednesday's median closing price of $46.35. The lowest volume was 3M MMM $88.04 +0.08 0.09% 2,166,766 NYSE and the highest volume was again Bank of America BAC $14.04 +0.08 0.09% 2,166,766 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 $33 ($156,247 - $156,214).

MarketWatch Thursday 1/20/11 4:55 by Kate Gibson says US stocks closed slightly lower Thursday, after investors used worries about China’s fast growth rate to extend the first significant market pullback since November. “Is it the real correction? Yes, we’re here. We are seeing selling on the news, and good earnings that still result in downward pressure,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. The Dow Jones Industrial Average (DJIA 11,823, -2.49, -0.02%) closed down 2.49 points, or 0.02%, to 11,822.80, led by a 2% drop in the shares of Caterpillar, Inc. (CAT 93.70, +0.09, +0.10%). Rising commodity prices might well reflect growing global demand as the recovery gets under way. But inflation in emerging markets is forcing central banks to slam on the brakes, while, in the developed world, it's acting like a tax on consumers. The S&P 500 Index (SPX 1,280, -1.66, -0.13%) closed down 1.66 points, or 0.1%, to 1,280.26, with natural-resource and energy companies hit hardest, and with defensive sectors, specifically consumer staples and utilities, faring best. On Wednesday, the index posted its largest percentage decline since November. The Nasdaq Composite Index (COMP 2,704, -21.07, -0.77%) shed 21.07 points, or 0.8%, to 2,704.29. For every five stocks climbing, nine fell on the New York Stock Exchange, where nearly 1.2 billion shares traded hands. Wall Street tracked declines in equities around the world after growth in gross domestic product in China accelerated to a 9.8% rate in the final quarter of 2010. The faster-than-forecast growth rate bolstered concerns that China would need to embark on more interest-rate hikes to cool inflation, curbing the country’s appetite for raw materials and possible derailing the global recovery. Read more about Chinese economic data. A market that has gone up for seven consecutive weeks does not need a catalyst for a selloff.’ Elliot Spar, Stifel Nicolaus. “Inflation and the possible responses to it are what’s impacting markets today,” said Peter Boockvar, equity strategist at Miller Tabak. February oil futures (CLG11 88.56, -2.30, -2.53%) closed down 2.2% at $88.86 a barrel, while February gold futures GCG11 1,347, +0.50, +0.04%) lost $23.70, or 1.7%, to $1,346.50 an ounce. And, while investors were looking for a reason to sell and take some profits, the economic numbers have remained favorable, said Pado, who believes the scenario “bodes well for a shallower and shorter decline,” he said. Worries about further monetary tightening in China offset cheer sparked by U.S. data illustrating a larger-than-expected decline in the latest weekly count of Americans filing first-time claims for jobless benefits. Data also showed that manufacturing in the Philadelphia area expanded in January, although at a rate that didn’t quite match what economists expected, while sales of existing homes increased more than anticipated in December. Separately, the Conference Board’s index of leading economic indicators climbed 1% in December, topping the 0.6% increase expected by analysts. For those who track technical factors, there was no salient fundamental reason to explain the selling. “A market that has gone up for seven consecutive weeks does not need a catalyst for a selloff,” noted Elliot Spar, a market strategist at Stifel Nicolaus. The Russell 2000 (IWM 77.59, -0.12, -0.15%) had a clear break of its 10-day moving average Wednesday, and the S&P 500 will confirm if it closes below 1,280.50 Thursday, Spar said ahead of the closing bell. “This doesn’t mean we have to go down in a straight line, but bounces will likely be used as selling opportunities while the buy-the-dip crowd stands aside,” he said.

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

At&T T $28.23 -0.10 0.35% 29,688,678 NYSE: No mentions found.

Alcoa AA $15.98 -0.08 0.5% 40,220,010 NYSE: WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

Amex AXP $45.27 +0.03 0.07% 7,578,924 NYSE: WSJ pC1 "Lenders see little choice: layoffs" by Matthias Rieker says Wells Fargo & Ameican Express said they would lay off employees to become leaner while some banks such as JPMorgan emerged from the crisis bigger than ever and may continue to grow.

BofA BAC $14.04 +0.08 0.09% 2,166,766 NYSE: No mentions found.

Boeing BA $71.12 +0.61 0.85% 6,912,450 NYSE: WSJ pB3 "Boeing to pare military aircraft output, shed 1,100 jobs" by Matt Jarzemsky, USA Today p1B "Boeingto cut 1,100", Fin Times p14 "Boeingto lay offf 1,100 C-17 staff" by Reuters, say Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

Caterpillar CAT $93.61 -1.93 2.02% 7,158,127 NYSE: WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

CVX Chevron $92.71 -0.26 or 0.03% NYSE: WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

CSCO $20.77 -0.05 0.24% 53,274,584 NASDAQ-GS: No mentions found.

Coke KO $62.93 -0.49 0.77% 10,290,855 NYSE: No mentions found.

DIS $39.17 +0.08 0.2% 8,976,843 NYSE: No mentions found.

DuPont DD $48.12 -0.76 1.55% 7,223,496 NYSE: No mentions found.

Exxon XOM $77.75 -0.49 0.63% 29,105,340 NYSE: WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

GE $18.43 +0.10 0.55% 67,691,744 NYSE: Fin times p13 "GE targets china sales growth" by Ed Crooks says GE CEO Jeff Immelt said he was quite happy with the progress of GE's business in China after meeting with China Pres. Hu Jinatao in DC.

Fin Times p14 "GE sets its sights high in Chinese avionics tie up" by Ed Crooks says GEisin an avionics jv with Aviation Industry Corp of China which will be confirmed on Fri.

Hewlett-Packard HPQ $46.78 +0.46 0.99% 21,526,418 NYSE: WSJ pB1 "H-P shakes up board in scandal's wake" by Ben Wrothen, NYT pB4 "HP replaces 4 on its board in wake of chief's dismissal" by Verne Kopytoff, USA Today p1B "Power shift rocks Silicon Valley's elite" by William Welch say Hewlett-Packard says 4 directors involved in the ouster of former ceo Mark Hurd are departing while 5 new director are in. In are former eBay CEO Meg Whitman, Alcatel-Lucent ex-CEO Patricia Russo, Booz & Co head Shumeet Banerji, ex-GE exec Gary Reiner and AXA Private Equity CEODominique Senequier. Out are Robert Ryan, Jeol Hyatt, John Joyce and Lucille Salhany.

Home Depot HD $36.49 +0.86 2.41% 13,477,486 NYSE: WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.

USA Today p4B "Stocks close flat amid conflicting news" by Bloomberg says stocks erased most losses, preventing the biggest 2 day drop since Nov, as Morgan Stanley led gains by fin'l firms and home builders rallied, offsetting concern that China will raise interest rates & hamper global growth. Home Depot added 86 cents after a report showed sales of previously owned US homes topped forecasts.

Intel INTC $20.95 -0.06 0.29% 56,118,168 NASDAQ-GS: WSJ pB4 "EU close on Intel-McAfee deal" by Charles Forelle says EU antitrust authorites will approve Intel's proposed buyout of software maker McAfee although they had been worried that Intel,which dominates the chip market for PCs could allow McAfee products privileged access to security features it hopes to include in those chips.

IBM $155.8 +0.11 0.07% 7,438,447 NYSE: No mentions found.

JPMorgan JPM $44.75 +1.04 2.38% 46,963,172 NYSE: WSJ pC3 "JPMorgan hires Cravath M&A partner" by Gina Chon, NYT pB6 "Partner at Cravathjons chase merger unit" by Michael J. de la Merced say James Woolery will co-head JPM's N. American M&A.

WSJ pC1 "Lenders see little choice: layoffs" by Matthias Rieker says Wells Fargo & Ameican Express said they would lay off employees to become leaner while some banks such as JPMorgan emerged from the crisis bigger than ever and may continue to grow.

JNJ $62.86 +0.30 0.48% 11,517,402 NYSE: No mentions found.

KFT $31.23 +0.05 0.16% 10,412,052 NYSE: No mentions found.

MCD $75.16 -0.19 0.25% 8,291,574 NYSE: No mentions found.

Merck MRK $34.05 +0.14 0.41% 21,610,959 NYSE: No mentions found.

MSFT $28.3525 -0.1175 0.41% 58,621,931 NASDAQ-GS: No mentions found.

Pfizer PFE $18.24 -0.08 0.44% 50,420,312 NYSE: No mentions found.

Procter PG $65.8 +0.45 0.69% 12,495,002 NYSE: No mentions found.

MMM $88.04 +0.08 0.09% 2,166,766 NYSE: No mentions found.

TRV $54.88 +0.43 0.79% 2,942,238 NYSE: No mentions found.

United Tech UTX $79.55 -0.36 0.45% 3,938,854 NYSE: No mentions found.

Verizon VZ $34.61 +0.01 0.03% 17,572,955 DualListed: WSJ pB4 "Verizon appeals net regulations" by Amy Schatz, NYT pB8 "Verizonsues FCC to overturn order on blocking web sites" by Ed Whyatt say Verizon asked an appeals court for DC Circuit to overturn the FCC's latest effort to regulate Internet lines, saying the gov overstepped its authority.

Walmart WMT $55.99 +0.96 1.74% 19,612,305 NYSE: USA Today p2B "Walmart joins first lady's fight against obesity" by Mary Jalonick, Fin times p17 "Obama support helps Walmart overcome political hurdles" by Jonathan Birchall says Walmart will reduce sodium and sugar in some items and reduce prices on fruits & vegetables.

WSJ pC6 "China selloff fails to slam US stocks" by Donna Yesalavich says US stocks fell just slightly as investors fretted over the potential for more tightening measures from China following stronger than expected economic growth there, but improvements in US jobs and housing helped limit the decline. Caterpillar, charted under Bad News, was the Dow's worst performer, falling 2%, after it said the Justice Dept asked for more info about its buyout of mining equipment firm Bucyrus and investors worried hat with 11 plants in China,, Caterpillar could be squeezed by tightening in China, which concerns about China also hurt Exxon, Chevron and Alcoa which declined 0.5%. But Home Depot and Walmart kept the Dow's gains in check, boosted by the higher than expected US data. Home Depot rose 2.4% while Walmart added 1.7%. Boeing fell 0.9% as it will cut 1,100 jobs through the end of next year as it pares productions of a line of transport aircraft.


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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