1/4/11 Tues pm Dow Closes at 11,691.18 up 20.43 or 0.18%

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Post No. 809 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

The Dow Jones Industrial Average closed Tuesday at 11,691.18 up 20.43 points or 0.18% from Monday's close of 11,670.75. Of the 30 Dow Jones component companies gained and declined. The biggest gainer dollar-wise was Disney DIS $38.99 +1.17 3.09% 20,903,261 NYSE and percentage-wise was Alcoa AA $16.52 +0.72 4.56% 75,311,534 NYSE. The biggest decliner dollar-wise and percentage-wise was McDonald's MCD $74.31 -2.29 2.99% 35,017,705 NYSE.

As of the open of the market Tuesday, 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 14.88 up from Monday's 14.75 (year ago it was 18.36); the P/E estimate is 13.65 up from Monday's 13.54 (year ago it was 16.40), and the dividend yield is 2.46 down from Monday's 2.48 (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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,544.75 up 2.7 from Monday's closing numerator of 1,542.05. 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 Tuesday's Dow Jones Industrial Average was $51.49 up $0.09 from Monday's Dow Jones Industrial Average average closing price of $51.40. The median closing price of Tuesday's Dow Jones Industrial Average was $43.79 (AXP/HPQ up $0.60 from Monday's median closing price of $43.72. The lowest volume was 3M MMM $86.67 -0.12 0.14% 2,627,396 NYSE and the highest volume was again Bank of America BAC $14.24 +0.05 0.35% 217,789,684 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have nade $270 ($154,475 -$154,205).

MarketWatch Tuesday 1/4/11 4:45 by Kristina Peterson says U.S. blue-chip stocks edged higher Tuesday after minutes from the Federal Reserve’s last meeting showed the central bank registered moderate improvement in the economy and saw no reason to modify its major bond-buying program. The Dow Jones Industrial Average (DJIA 11,691, +20.43, +0.18%) rose 20 points, or 0.2%, to close at 11691. Paring earlier losses, the Nasdaq Composite (COMP 2,681, -10.27, -0.38%) fell 0.4% to 2681. The Standard & Poor’s 500-stock index (SPX 1,270, -1.67, -0.13%) shed 0.1% to 1270. Traders said the market felt some relief that the minutes of the Fed’s policy-making committee’s Dec. 14 meeting contained no major surprises.
In the minutes, the central bank said that a stronger U.S. economy is among the reasons behind the rise in government bond yields, which may undermine its efforts to keep the recovery going via low interest rates. In November 2010, the Fed announced a $600 billion bond purchase program, known as “quantitative easing,” or “QE2.” Despite the improvement in the economy, Fed officials “generally felt that the change in the outlook was not sufficient to warrant any adjustments to the asset-purchase program,” the minutes showed. See Fed sets ‘high threshold’ for expanding quantitative easing. Market strategists were encouraged to see the Fed echo what many have characterized as a gradually recovering economy, and relieved to see no major changes to the quantitative easing program, said Bill Vaughn, portfolio manager at Evercore Wealth Management. Investors “certainly would have been worried if there had been a sudden change in policy,” he said. Demand for U.S. Treasurys was mixed after the minutes, with increased interest in the two-year note. But demand fell for the 10-year note, pushing its yield down to 3.34%. Gold fell sharply on portfolio rebalancing and better economic prospects in the U.S. See gold drops 3% in worst one-day slide since July. Crude-oil prices dropped to nearly $89 a barrel, while gold futures reversed the session’s declines to begin a climb. The dollar strengthened against both the yen and the euro. The U.S. Dollar Index (DXY 79.43, +0.31, +0.39%) , which tracks the currency against a basket of others, rose 0.4%. Asian inflation may hurt AussieAs Asian central banks start to tackle inflation with higher interest rates, demand for Australian exports could fall, weakening the Australian dollar. Materials weighed on the S&P 500 after UBS cut its stock-investment ratings on two construction aggregate companies to “neutral” from “buy,” noting the stocks’ strong performance in the fourth quarter even as the political appetite for road spending grew more uncertain. Vulcan Materials /(VMC 42.19, +0.05, +0.13%) fell 5.2%, while Martin Marietta Materials (MLM 87.23, +0.25, +0.29%) shed 6.5%. Food retailers also lagged after Bank of Montreal downgraded Safeway (SWY 21.69, +0.05, +0.23%) , Vitamin Shoppe (VSI 31.82, -1.54, -4.62%) and Whole Foods (WFMI 48.91, -0.13, -0.26%) to “market perform” from “outperform,” noting limited upside. Safeway fell 3.4%, Vitamin Shoppe was off 4.6%, and Whole Foods shed 3.4%. BMO also reduced its estimates for Supervalu (SVU 9.04, +0.04, +0.44%) , noting the chain’s inability to drive traffic, and Kroger (KR 21.67, -0.03, -0.14%) , saying the fiscal year 2011 consensus could be too high given the challenging environment. Supervalu tumbled 6.4%, while Kroger lost 1.4%. Morgan Stanley also cut Safeway and Supervalu, to “underweight” from “equal weight,” saying Supervalu’s strategy to reduce prices will collide with inflationary food costs. General Motors (GM 37.93, +0.03, +0.08%) rose 2.3% after its U.S. light-vehicle sales climbed 8% in December thanks to continued strong demand for crossovers and pickups. GM on Tuesday also forecast that U.S. auto sales industrywide will reach 13 million to 13.5 million in 2011 as economic growth picks up and unemployment declines. Meanwhile, the telecommunications sector gained, as shares of Motorola Mobility Holdings (MMI 33.12, +2.88, +9.52%) rose 9.5% and Motorola Solutions (MSI 39.77, +2.46, +6.59%) gained 6.6% as Motorola’s long-awaited split into two entities officially took place Tuesday. Motorola Mobility consists of the company’s consumer-focused smartphone and set-top-box business, while Motorola Solutions focuses on hand-held communication devices and public-safety radios. Among stocks in focus, U.S.-listed shares of BP (BP 46.32, +0.06, +0.13%) rose 2.5%, touching a six-month high following reports that compensation payouts for the Gulf oil spill may be much lower than expected and amid lingering rumors that the company is a takeover target. Borders Group (BGP 0.84, -0.12, -12.51%) plunged 13% after the troubled book retailer’s Counsel Thomas Carney and Chief Information Officer D. Scott Laverty resigned. A unit of closely held Ingram Industries said it would continue to supply books to Borders despite the chain’s difficult financial situation.
Quanta Services (PWR 20.72, -0.16, -0.77%) rose 4.2% after winning a contract valued at $118.5 million by a coalition of Pennsylvania colleges and universities as well as economic development and research and development organizations to install a statewide fiber optic network.
In U.S. economic data on Tuesday, the Commerce Department reported that U.S. factory-goods orders unexpectedly rose 0.7% in November. Economists surveyed by Dow Jones Newswires had forecast a 0.1% decline.

Tuesday's Closing Dow Numbers:

AT&T T $29.88 +0.21 0.71% 20,652,067 NYSE
Alcoa AA $16.52 +0.72 4.56% 75,311,534 NYSE
Amex AXP $43.95 +0.55 1.27% 13,949,225 NYSE
BofA BAC $14.24 +0.05 0.35% 217,789,684 NYSE
Boeing BA $66.94 +0.54 0.81% 7,922,968 NYSE
Caterpillar CAT $93.71 -0.44 0.47% 6,087,497 NYSE
Chevron CVX $91.6 -0.34 0.37% 8,438,154 NYSE
CSCO $20.52 +0.03 0.15% 45,971,258 NASDAQ-GS
Coke KO $63.87 -1.35 2.07% 13,861,007 NYSE
Disney DIS $38.99 +1.17 3.09% 20,903,261 NYSE
DuPont DD $49.89 -0.14 0.28% 5,485,666 NYSE
Exxon XOM $74.9 +0.35 0.47% 19,877,719 NYSE
GE $18.61 +0.33 1.81% 78,468,788 NYSE
H-P HPQ $43.63 +0.89 2.08% 19,321,502 NYSE
Home Dep HD $34.67 -0.64 1.81% 14,312,373 NYSE
Intel INTC $21.15 +0.30 1.44% 75,000,058 NASDAQ-GS
IBM $147.64 +0.16 0.11% 4,995,982 NYSE
JPMorgan JPM $44.16 +0.58 1.33% 39,713,796 NYSE
JNJ $63.35 +0.53 0.84% 12,223,192 NYSE
KFT $31.6 -0.07 0.22% 10,822,666 NYSE
McDonald's MCD $74.31 -2.29 2.99% 35,017,705 NYSE
MRK $36.35 +0.31 0.86% 13,811,434 NYSE
MSFT $28.0875 +0.1075 0.38% 54,041,662 NASDAQ-GS
Pfizer PFE $17.9885 +0.3085 1.74% 41,765,815 NYSE
Procter & Gam PG $64.95 +0.18 0.28% 11,164,996 NYSE
3M MMM $86.67 -0.12 0.14% 2,627,396 NYSE
TRV $55.57 -0.25 0.45% 2,642,967 NYSE
United Tech UTX $79.12 +0.13 0.16% 3,641,570 NYSE
Verizon VZ $37.16 +0.73 2% 22,624,584 DualListed
WMT $54.77 +0.21 0.38% 12,027,009 NYSE




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The following are excerpts from Tuesday morning's Blog:

A read of the print editions of Tuesday'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 Monday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at 11,670.75 up 93.24 points or 0.81% from Friday's close of 11,577.51. For the year the Dow is up 0.81%. Of the 30 Dow Jones component companies 25 gained, Merck was changed and 4 declined. The biggest gainer dollar-wise was Exxon XOM $74.55 +1.43 1.96% 23,298,920 NYSE and percentage-wise was Bank of America BAC $14.19 +0.85 6.37% 352,223,642 NYSE. The biggest decliner dollar-wise was Coke KO $65.22 -0.55 0.84% 9,458,654 NYSE and percentage-wise was Intel INTC $20.85 -0.18 0.86% 57,843,154 NASDAQ-GS.

WSJ pA1 "Stock surge rings in year" by Jonathan Cheng says global stocks and oil prices leapt to fresh multi-year highs as investors welcomed the New Year with hope for a strengthening global recovery as Dow closes at 28 month high. Fueling the gains were reports that factory activity ratcheted up worldwide with the US, Europe's major economies, Brazil & S. Korea posting their best numbers in more than 6 months. Copper reached a all time high while oil surged to $92.5 a barrel, its highest point since Oct '08. Financial and tech stocks powered most of the ains with Bank of America leading the Dow with a 6.4% advance after it said it would buy back mortgages from Fannie Mae & Freddie Mac for $2.8 bil. BofA was one of last year's worst performers down 11%. The buy back is a move to settle the Countrywide Financial dispute.

WSJ pC6 "Dow kicks off '11 with 93.24 point rise" by Donna Yesalavich says if historical trends hold, stocks are poised to end '11 in the black. In 16 of the past 19 years, the first day's move has mirrored the direction of the full year's. Bank of America jumped 85 cents, Alcoa and Boeing also were strong, boosted by upgrades from analysts after JPMorgan upgraded Boeing to "overweight" from Neutral." However, Intel fell 18 cents as Piper Jaffray cuts its rating to neutral from overweight. Bank of America is charted under Good News due to its settlement of disputes with Fannie Mae & Freddie Mac.

Fin times p22 "Positive start to '11 as fin'ls spearhead gains" by Hannah Kuchler says US stocks kicked off the new year on a positive note as analysts forecast record profits & an improving US economy. BofA jumped 6.3% after it said it would resolve the mortgage repurchase claims by Freddie mac and Fannie Mae. JPMorgan climbed 2.7%. Boeing added 1.8% and Alcoa was up 2.7% as Deutsche Bank upgraded it from hold to buy saying alum prices could rise and Alcoa was showing signs of operational stability.

NYT pB3 "Wall St. starts year with surge in shares" by Christine Hauser says stocks in the US got '11 off to an energetic start on Mon as fin'l shares rose & new data suggested a better outlook for the economy.

USA Today p4B "Corks still popping as stocks soar" by David Randall, AP says stocks started '11 with a big lift Mon and that could be a promising sign for the rest of the year as it is called the January barometer. A gain in the S&P 500 in the first 5 days of Jan has led to annual gains nearly 90% of the time.

Monday's Dow Jones Industrial Average closing numerator was 1,542.05 up 12.32 from Friday's closing numerator of 1,529.73. 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 Monday's Dow Jones Industrial Average was $51.40 up $0.41 from Friday's Dow Jones Industrial Average average closing price of $50.99. The median closing price of Monday's Dow Jones Industrial Average was $43.07 (AXP/HPQ up $0.60 from Friday's median closing price of $42.47. The lowest volume was 3M MMM $86.79 +0.49 0.57% 2,621,994 NYSE and the highest volume was again Bank of America BAC $14.19 +0.85 6.37% 352,223,642 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 nade $1,232 ($154,205 - $152,973 - $).

MarketWatch Monday 1/3/11 4:31 by Kate Gibson says U.S. stocks rallied on the first trading session of the year Monday, with major averages climbing to two-year highs as reports on manufacturing and construction fueled hopes for the economy. “The optimism at the end of 2010 continues into 2011. Investors, including me, hope that 2011 will be a better year for earnings, confidence, housing and jobs,” Kevin Giddis, an executive managing director of fixed-income capital markets at Morgan Keegan, wrote in a research note. The Dow Jones Industrial Average (DJIA 11,671, +93.24, +0.81%) gained 93.24 points, or 0.8%, to 11,670.75, marking its highest close since August 2008 and its biggest jump since early December. Blue-chip gains were led by a 6.4% jump in shares of Bank of America Corp. (BAC 14.19, +0.85, +6.37%). Mark Hulbert says the outlook for the market in 2011 is positive, in part because it is the third year of a presidential election cycle, a year that has historically produced strong returns. The nation’s largest bank on Monday said it would resolve disputes with Freddie Mac (FMCC 0.33, +0.02, +6.63%) and Fannie Mae (FNMA 0.33, +0.03, +10.00%) by paying more than $2.6 billion to settle claims it sold loans based on faulty information. Extending a climb of 13% in 2010, the S&P 500 Index fell (SPX 1,272, +14.25, +1.13%) 14.23 points, or 1.1%, to 1,271.87, led by a 2.3% jump in the financial sector.On the New York Mercantile Exchange, crude-oil futures (CLG11 91.53, +0.15, +0.16%) topped $91 a barrel.
Pointing to bullish projections that crude could rise to $120 a barrel this year, one market strategist said that one factor in the commodity’s favor is “the relative absence of speculation” this time around.If historical relationships hold, $120 crude would equate to $3.60 a gallon at the pump, said Jack Ablin, chief investment officer at Harris Private Bank.And, “since the gain in crude is more likely fueled by end-user demand rather than investor speculation, the bullish trend should continue,” Ablin added.Treasury prices fell, pushing yields on the benchmark 10-year note (UST10Y 3.33, +0.05, +1.37%) up to 3.335%. Mortgage rates and other consumer borrowing costs are heavily influenced by the 10-year note yield.
The Institute for Supply Management’s manufacturing index in December climbed to 57% from 56.6% in November, signaling expansion. Separately, the Commerce Department reported that construction spending climbed for a third straight month in November, up 0.4%.“Money flows out of domestically-oriented equity mutual funds for eight months up until last week certainly does not argue that investors love stocks excessively as they did back in 2000,” Tobias Levkovich, an analyst at Citigroup, noted.

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

AT&T T $29.67 +0.29 0.99% 20,472,273 NYSE: No mentions found.

Alcoa AA $15.8 +0.41 2.66% 40,789,332 NYSE: WSJ pC6 "Dow kicks off '11 with 93.24 point rise" by Donna Yesalavich says if historical trends hold, stocks are poised to end '11 in the black. In 16 of the past 19 years, the first day's move has mirrored the direction of the full year's. Bank of America jumped 85 cents, Alcoa and Boeing also were strong, boosted by upgrades from analysts after JPMorgan upgraded Boeing to "overweight" from Neutral." However, Intel fell 18 cents as Piper Jaffray cuts its rating to neutral from overweight. Bank of America is charted under Good News due to its settlement of disputes with Fannie Mae & Freddie Mac.

Fin times p22 "Positive start to '11 as fin'ls spearhead gains" by hannah Kuchler says US stocks kicked off the new year on a positive note as analysts forecast record profits & an improving US economy. BofA jumped 6.3% after it said it would resolve the mortgage repurchase claims by Freddie mac and Fannie Mae. JPMorgan climbed 2.7%. Boeing added 1.8% and Alcoa was up 2.7% as Deutsche Bank upgraded it from hold to buy saying alum prices could rise and Alcoa was showing signs of operational stability.

Amex AXP $43.4 +0.48 1.12% 7,537,678 NYSE: No mentions found.

Bank of America BAC $14.19 +0.85 6.37% 352,223,642 NYSE: WSJ pC1 "BofA pays for soured loans" by Dan Fitzpatrick, WSJ pA1 "Stock surge rings in year" by Jonathan Cheng, WSJ pC10 "Overheard", WSJ pC10 "Premature mortgage celebration at BofA" by David Reilly, Fin Times p1 "BofA to pay $2.6 bil over home loan claims" by Suzanne Kapner, Fin Times p14 "BofA", USAT p1B "BofA to pay Fannie, Freddie $2.8 bil in mortgage case" by Julie Schmit, NYT pB3 "BofA buys back $2.5 bil in mortgage debt" by Ben Protess say the Dow's increase was due mostly to financial and tech stocks powering most of the gains with Bank of America leading the Dow with a 6.4% advance after it said it would buy back mortgages from Fannie Mae & Freddie Mac for $2.8 bil. BofA was one of last year's worst performers down 11%. The buy back is a move to settle the Countrywide Financial dispute. Global stocks and oil prices leapt to fresh multi-year highs as investors welcomed the New Year with hope for a strengthening global recovery as Dow closes at 28 month high. Fueling the gains were reports that factory activity ratcheted up worldwide with the US, Europe's major economies, Brazil & S. Korea posting their best numbers in more than 6 months. Copper reached a all time high while oil surged to $92.5 a barrel, its highest point since Oct '08.

WSJ pC1 "Lenders look to shift costs to borrowers" by Aaron Lucchetti says banks are passing along regulatory costs to big corporate borrowers as such provisions are being included in loan docs of JPMorgan and Bank of America.

WSJ pC3 "Battered Europe has the strength to merge" by Dana Cimilluca says JPMorgan was 4thby volume in a list of European '10 M&A's and Bank of America is ranked 9th.

WSJ pC6 "Dow kicks off '11 with 93.24 point rise" by Donna Yesalavich says if historical trends hold, stocks are poised to end '11 in the black. In 16 of the past 19 years, the first day's move has mirrored the direction of the full year's. Bank of America jumped 85 cents, Alcoa and Boeing also were strong, boosted by upgrades from analysts after JPMorgan upgraded Boeing to "overweight" from Neutral." However, Intel fell 18 cents as Piper Jaffray cuts its rating to neutral from overweight. Bank of America is charted under Good News due to its settlement of disputes with Fannie Mae & Freddie Mac.

Fin times p22 "Positive start to '11 as fin'ls spearhead gains" by hannah Kuchler says US stocks kicked off the new year on a positive note as analysts forecast record profits & an improving US economy. BofA jumped 6.3% after it said it would resolve the mortgage repurchase claims by Freddie mac and Fannie Mae. JPMorgan climbed 2.7%. Boeing added 1.8% and Alcoa was up 2.7% as Deutsche Bank upgraded it from hold to buy saying alum prices could rise and Alcoa was showing signs of operational stability.

NYT pB1 "Roasting & toasting deal makers" by Andrew Sorkin discusses the annual DealBook closing dinner which roasts Wall St leaders and mentions JPMorgan's Jamie Dimon and BofA's Brian Moynihan.

Boeing BA $66.4 +1.14 1.75% 8,040,821 NYSE: WSJ pC6 "Dow kicks off '11 with 93.24 point rise" by Donna Yesalavich says if historical trends hold, stocks are poised to end '11 in the black. In 16 of the past 19 years, the first day's move has mirrored the direction of the full year's. Bank of America jumped 85 cents, Alcoa and Boeing also were strong, boosted by upgrades from analysts after JPMorgan upgraded Boeing to "overweight" from Neutral." However, Intel fell 18 cents as Piper Jaffray cuts its rating to neutral from overweight. Bank of America is charted under Good News due to its settlement of disputes with Fannie Mae & Freddie Mac.

Fin times p22 "Positive start to '11 as fin'ls spearhead gains" by hannah Kuchler says US stocks kicked off the new year on a positive note as analysts forecast record profits & an improving US economy. BofA jumped 6.3% after it said it would resolve the mortgage repurchase claims by Freddie mac and Fannie Mae. JPMorgan climbed 2.7%. Boeing added 1.8% and Alcoa was up 2.7% as Deutsche Bank upgraded it from hold to buy saying alum prices could rise and Alcoa was showing signs of operational stability.

Caterpillar CAT $94.15 +0.49 0.52% 5,216,933 NYSE:

Chevron CVX $91.94 +0.69 0.76% 7,778,626 NYSE: WSJ pA3 "Path clears for deep water drilling" by Ben Casselam says 13 firms could resume work as drilling in the Gulf of Mexico could resume within weeks under a policy announced Mon by the Obama admin, including Chevron.

Cisco CSCO $20.49 +0.26 1.29% 54,222,612 NASDAQ-GS: No mentions found.

Coke KO $65.22 -0.55 0.84% 9,458,654 NYSE: No mentions found.

Disney DIS $37.82 +0.31 0.83% 7,564,927 NYSE: No mentions found.

DuPont DD $50.03 +0.15 0.3% 5,506,809 NYSE: No mentions found.

Exxon XOM $74.55 +1.43 1.96% 23,298,920 NYSE: No mentions found.

GE $18.28 -0.01 0.05% 52,759,333 NYSE: No mentions found.

Hewlett-Packard HPQ $42.74 +0.64 1.52% 19,344,274 NYSE: WSJ pB6 "Some CEOs face big repair jobs in '11" says some CEOs are trying to decide how to revive sales and among those mentioned is William Weldon at Johnson & Johnson as manufacturing problems there triggered a string of recalls and a still pending fed criminal investigation. The most massive recall involved children's Tylenol.

WSJ pB4 "Battery life becomes a positive for AMD" by Don Clark says new chips from Intel and Advanced Micro Devices are good at handling video but AMD has better battery life. AMD is targeting new computers to be announced by Dell, Fujitsu, Sony, Toshiba and Hewlett-Packard.

Fin Times p17 "Tablets set to take centre stage at las Vegas electronics show" by Chris Nuttall says HP has delayed its big splash on tablets while it prepares equipment based on the webOS system from last year's acquisition of Palm.

Home Depot HD $35.31 +0.25 0.71% 7,444,402 NYSE: No mentions found.

Intel INTC $20.85 -0.18 0.86% 57,843,154 NASDAQ-GS: WSJ pB4 "Battery life becomes a positive for AMD" by Don Clark says new chips from Intel and Advanced Micro Devices are good at handling video but AMD has better battery life. AMD is targeting new computers to be announced by Dell, Fujitsu, Sony, Toshiba and Hewlett-Packard.

WSJ pC6 "Dow kicks off '11 with 93.24 point rise" by Donna Yesalavich says if historical trends hold, stocks are poised to end '11 in the black. In 16 of the past 19 years, the first day's move has mirrored the direction of the full year's. Bank of America jumped 85 cents, Alcoa and Boeing also were strong, boosted by upgrades from analysts after JPMorgan upgraded Boeing to "overweight" from Neutral." However, Intel fell 18 cents as Piper Jaffray cuts its rating to neutral from overweight. Bank of America is charted under Good News due to its settlement of disputes with Fannie Mae & Freddie Mac.

IBM $147.48 +0.72 0.49% 4,592,417 NYSE: No mentions found.

JPMorgan JPM $43.58 +1.16 2.73% 43,138,373 NYSE: WSJ pC1 "Lenders look to shift costs to borrowers" by Aaron Lucchetti says banks are passing along regulatory costs to big corporate borrowers as such provisions are being included in loan docs of JPMorgan and Bank of America.

NYT pB1 "Roasting & toasting deal makers" by Andrew Sorkin discusses the annual DealBook closing dinner which roasts Wall St leaders and mentions JPMorgan's Jamie Dimon and BofA's Brian Moynihan.

JNJ $62.82 +0.97 1.57% 14,794,870 NYSE: No mentions found.

Kraft KFT $31.67 +0.16 0.51% 8,513,920 NYSE: NYT pB2 "India looking into taxes in Kraft deal for Cadbury" by Heather Timons says Indian officials are investigating whetehr Kraft evaded taxes in its $19 bil takeover of Cadbury last year.

MCD $76.6 -0.16 0.21% 7,960,711 NYSE: No mentions found.

MRK $36.04 unch unch 19,543,085 NYSE: No mentions found.

MSFT $27.98 +0.07 0.25% 53,383,509 NASDAQ-GS: No mentions found.

Pfizer PFE $17.68 +0.17 0.97% 32,319,823 NYSE: NYT pB1 "In Japan, Pfizer is short of drug to help smokers" by Hiroko Tabuchi says Pfizer, the world's biggest pharma firms, missed an opportunity when the Japanese gov raised cigarettes tax on 10/1 as it ran out of the leading drug to help smokers stop Chantix, which is sold as Champix in Japan.

Procter & Gamble PG $64.77 +0.44 0.68% 9,990,624 NYSE: No mentions found.

3M MMM $86.79 +0.49 0.57% 2,621,994 NYSE: No mentions found.

Travelers TRV $55.82 +0.11 0.2% 2,661,776 NYSE: No mentions found.

United Tech UTX $78.99 +0.27 0.34% 3,048,522 NYSE: No mentions found.

Verizon VZ $36.43 +0.65 1.82% 20,068,824 DualListed: No mentions found.

Walmart WMT $54.56 +0.63 1.17% 14,258,623 NYSE: WSJ pB2 "Dollar General plans to open 625 stores,hire 6,000" says Dollar Gen has gained market share from Walmart as consumers count pennies due to high unemployment and the uncertain economy.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05