1/6/11 Thurs pm Dow Closes at 11,697.31 down 25.58 or 0.22%

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Post No. 813 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 Thursday at 11,697.31 down 25.58 points or 0.22% from Wednesday's close of 11,722.89. Of the 30 Dow Jones component companies 7 gained and 2 declined. The biggest gainer dollar-wise was IBM $148.66 +1.61 1.09% 5,028,901 NYSE and percentage-wise was Boeing BA $68.8 +1.32 1.96% 7,500,573 NYSE. The biggest decliner dollar-wise and percentage-wise was Verizon VZ $36.23 -1.44 3.82% 35,697,198 Dual Listed.

As of the open of the market Thursday, 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 14.95 up from Wednesday's 14.91 (year ago it was 18.34); the P/E estimate is 13.65 unchanged from Wednesday's 13.65 (year ago it was 16.40), and the dividend yield is 2.45 down unchanged from Wednesday's 2.46 (last year it was 2.59). 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 1,545.56 down 3.50 from Wednesday's closing numerator of 1,548.94. 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 $51.52 down $0.11 from Wednesday's Dow Jones Industrial Average average closing price of $51.63. The median closing price of Thursday's Dow Jones Industrial Average was $44.80 (HPQ/AXP up $0.36 from Wednesday's median closing price of $44.44. The lowest volume was Travelers TRV $54.39 -0.85 1.54% 3,358,588 NYSE and the highest volume was again Bank of America BAC $14.44 -0.06 0.41% 241,467,316 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 $338 ($154,894 - $154,556).

MarketWatch Thursday 1/6/11 5:32 by Kristina Peterson says the Dow Jones Industrial Average posted its first down session of the year on Thursday as retail and telecommunications shares lagged and euro-zone debt worries resurfaced. The blue-chip stock index (DJIA 11,697, -25.58, -0.22%) closed down 25.58 points, or 0.22%, to 11,697.3. The Nasdaq Composite (COMP 2,710, +7.69, +0.29%) edged up 7.69, or 0.28% to 2,709.89. The Standard & Poor’s 500-stock index (SPX 1,274, -2.71, -0.21%) shed 2.71, or 0.21%, to 1,273.85. The S&P 500’s telecommunications sector declined nearly 2.8%. Leading the declines, MetroPCS Communications (PCS 13.31, +0.01, +0.08%) tumbled 6.7% after the prepaid wireless provider disclosed its fourth-quarter subscriber growth slowed from the prior period.AT&T Inc. (T 29.22, +0.07, +0.24%) shares fell 1.4% after cutting its price for Apple Inc.’s (AAPL 333.75, +0.02, +0.01%) iPhone 3GS to $49 from $99 as the carrier prepares for heightened competition from a Verizon Wireless iPhone launch expected early this year. Verizon Communications (VZ 36.36, +0.13, +0.36%) , which operates Verizon Wireless as a joint venture with Vodafone (VOD 27.53, -0.03, -0.11%) , slid 2.6%. Retailers also lagged in the wake of a soft round of December same-store sales figures, which largely fell short of analysts’ expectations. “I don’t know if that says more about the retailers or about the expectations,” said Max Bublitz, chief markets strategist at SCM Advisors. The recent crop of better-than-expected economic data may have spurred too much optimism for consumer spending, he said. “Expectations are probably beginning to exceed reality a little bit,” Bublitz said. Gap Inc. (GPS 20.78, +0.08, +0.39%) shares fell 6.9% after the apparel retailer reported a surprise drop in December sales, with particular weakness at its namesake stores in North America. Target Corp. gt (TGT 55.05, +0.12, +0.22%) shares dropped 6.8% after same-store sales increased only 0.9% last month, falling far short of analysts’ estimates. Department-store operators were largely lower after same-store figures missed analysts’ expectations. Macy’s Inc. (M 24.00, +0.03, +0.13%) fell 4%, while Kohl’s Corp. (KSS 52.42, +0.19, +0.36%) shed 3.1% after missing Street expectations, though the retailer raised the low end of its earnings forecast for the fourth quarter. A handful of teen retailers also came in below Street forecasts, including Zumiez Inc. (ZUMZ 24.37, -0.07, -0.29%) , which plunged 8.4% and Wet Seal (WTSLA 3.49, +0.03, +0.87%) , down 12%. However, investors noted that ferocious snowstorms in late December may have pushed some post-holiday shopping into January. Worries in the euro-zone debt markets flared up after the European Union proposed a framework for dealing with bank and investment-firm failures that asked whether bondholders should share the burden in paying for future bailouts. “People are realizing there’s still risk,” said Pete Sorrentino, senior portfolio manager at Huntington Funds. “There’s still some concerns that are not over with, and that’s sobered some people up.” The worries weighed on the euro and boosted the dollar. Investors, fresh off a run of three straight days of gains for the Dow, pulled away from riskier assets. The U.S. Dollar Index (DXY 80.83, +0.04, +0.05%) , which tracks the currency against a basket of six others, rose 0.7%. The euro (EURUSD 1.3003, +0.0002, +0.0154%) was recently trading at $1.3012, down from $1.3155 late Wednesday in New York.
In U.S. economic data, Thursday’s weekly jobless-claims report fueled mounting hopes that the labor market is strengthening. The number of U.S. workers filing new claims for jobless benefits rose slightly less than economists’ expected, though the previous week’s figures were revised modestly upward. The weekly jobs data came on the heels of an unexpected surge Wednesday in private-sector jobs last month, which prompted optimistic investors to revise upward their estimates for Friday’s key government nonfarm-payrolls report. Among stocks in focus, shares of graphic-chip maker Nvidia Corop. (NVDA 19.41, +0.08, +0.41%) rallied 14% after the company announced late Wednesday that it is developing its first computer processor aimed at mainstream computing, a move that makes the company a direct challenger to Intel Corp. (INTC 20.68, -0.09, -0.43%) and Advanced Micro Devices (AMD 8.71, +0.02, +0.23%) . Shares of Intel fell 0.8%, while Advanced Micro Devices slid 2.5%. Shares of TJX Cos. (TJX 44.80, -0.72, -1.58%) , parent of off-price chains T.J. Maxx and Marshalls, gained 5.9% after raising its earnings outlook for the fourth quarter, pointing to growth in the number of customer transactions.
Shares of seed giant Monsanto Co. (MON 70.72, -0.07, -0.10%) rose 2.4% after the company swung to a first-quarter profit, boosted by growth in its seeds and genomics business. Crude-oil prices (CLG11 88.09, -0.29, -0.33%) fell to settle below $89 a barrel, while gold futures for February delivery (GCG11 1,369, -2.50, -0.18%) also declined.
Demand for Treasurys rose, pushing yield on the 10-year note (UST10Y 3.41, +0.00, +0.06%) down to 3.40%.

Thursday's Closing Dow Numbers:

AT&T T $29.15 -0.83 2.77% 40,767,165 NYSE
Alcoa AA $16.36 -0.20 1.21% 37,663,609 NYSE
Amex AXP $44.73 -0.31 0.69% 6,349,831 NYSE
Bank of Am BAC $14.44 -0.06 0.41% 241,467,316 NYSE
Boeing BA $68.8 +1.32 1.96% 7,500,573 NYSE
Caterpillar CAT $93.54 -0.98 1.04% 4,106,365 NYSE
Chevron CVX $90.69 -0.75 0.82% 6,221,625 NYSE
CSCO $20.95 -0.18 0.87% 65,829,824 NASDAQ-GS
Coke KO $63.03 -0.46 0.72% 10,858,292 NYSE
DIS $39.65 -0.31 0.78% 14,737,627 NYSE
DuPont DD $49.98 -0.24 0.48% 6,122,545 NYSE
Exxon XOM $75.18 +0.48 0.64% 22,519,125 NYSE
GE $18.56 -0.08 0.43% 39,635,088 NYSE
Hewlett-Pack HPQ $44.88 +0.68 1.54% 19,195,424 NYSE
Home Dep HD $34.42 -0.14 0.41% 11,529,073 NYSE
Intel INTC $20.77 -0.17 0.81% 116,663,710 NASDAQ-GS
IBM $148.66 +1.61 1.09% 5,028,901 NYSE
JPMorgan JPM $44.48 -0.22 0.49% 31,608,558 NYSE
JNJ $63.21 -0.10 0.16% 7,603,664 NYSE
KFT $31.27 -0.26 0.82% 7,659,036 NYSE
MCD $74.21 -0.45 0.6% 11,711,097 NYSE
MRK $37.06 +0.50 1.37% 11,996,727 NYSE
MSFT $28.82 +0.82 2.93% 87,996,572 NASDAQ-GS
Pfizer PFE $18.18 +0.07 0.39% 116,825,902 NYSE
Procter & Gam PG $64.69 -0.11 0.17% 11,581,357 NYSE
MMM $86.14 -0.53 0.61% 3,452,476 NYSE
Travelers TRV $54.39 -0.85 1.54% 3,358,588 NYSE
United Tech UTX $79.15 -0.08 0.1% 3,484,145 NYSE
Verizon VZ $36.23 -1.44 3.82% 35,697,198 DualListed
WMT $53.96 -0.45 0.83% 15,586,999 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, New York Times, Investor's Business Daily, 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 11,722.89 up 31.71 points or 0.27% from Tuesday's close of 11,691.18. For the year the Dow is up 1.26 %. Of the 30 Dow Jones component companies 17 gained, 3M was unchanged and 12 declined. The biggest gainer dollar-wise was American Express AXP $45.04 +1.09 2.48% 10,585,108 NYSE and percentage-wise was Disney DIS $39.96 +0.97 2.49% 21,945,768 NYSE. The biggest decliner dollar-wise was IBM $147.05 -0.59 0.4% 4,639,829 NYSE and percentage-wise was Intel INTC $20.94 -0.21 0.99% 61,344,269 NASDAQ-GS.

WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

Fin Times p22 "Interest in AIG unit bolstes sold gains for fin'ls" by Hannah Kuchler says a surprisingly positive jobs report and data showing that service industries expanded at their fastest pace since '06 helped US stocks edge higher. Exxon fell .3%.

NYT pB12 "A hiring report sends the markets higher" by AP says a surprising jump in hiring sent bond prices lower & lifted the dollar on Wed. The Dow edged higher for the 3rd straight day of the new year.

Inv Bus Daily pA1 "Stocks take dip at open, then rise through session" by Paul Whitfield says stocks rode surprisingly strong economic data to moderate gains Wed. The action was up in mixed volume andthe current outlook is the market isin a confirmed uptrend.

USA Today p7B "Hiring report pushes stocks higher" by Matthew Craft, AP says a surprising jump in hiring lifted the Dow higher Wed for the 4th trading session in a row.

Wednesday's Dow Jones Industrial Average closing numerator was 1,548.94 up 4.19 from Tuesday's closing numerator of 1,544.75. 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 $51.63 up $0.14 from Tuesday's Dow Jones Industrial Average average closing price of $51.49. The median closing price of Wednesday's Dow Jones Industrial Average was $44.44 (AXP/HPQ up $0.65 from Tuesday's median closing price of $43.79. The lowest volume was United Technologies UTX $79.23 +0.11 0.14% 2,813,295 NYSE and the highest volume was again Bank of America BAC $14.5 +0.26 1.83% 244,621,705 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 $424 ($154,894 - $154,470).

MarketWatch Wednesday 1/5/11 4:46 by Jonathan Cheng says U.S. stocks extended their winning streak to five days, adding to their New Year’s run as encouraging data from the labor market and service sector pointed to a firming economic recovery. The Dow Jones Industrial Average (DJIA 11,723, +31.71, +0.27%) added 31.71 points, or 0.27%, at 11,722.89, effectively reclaiming the highs reached at the top of dot-com bubble on Jan. 14, 2000 and marking another milestone on the stock market’s recent five-month runup. The Dow is still far short of its record closing high above 14,000 in Oct. 2007. The Standard & Poor’s 500-stock index (SPX 1,277, +6.36, +0.50%) ended higher by 6.36 points, or 0.50%, at 1,276.56, while the Nasdaq Composite (COMP 2,702, +20.95, +0.78%) advanced 20.95 points, or 0.78%, to 2,702.20. Investors found reasons to cheer after a pair of unexpectedly strong readings on jobs and services. One closely watched jobs report showed private-sector employment increasing by 297,000 jobs in December from the previous month, triple consensus expectations and the biggest monthly increase in the survey’s history. The unexpectedly strong private-sector jobs number comes ahead of two other closely watched indicators of the U.S. labor sector, capped by Friday’s all-important nonfarm-payrolls figures. Also on the economic front, a report on the nonmanufacturing sector turned in a reading of 57.1, its highest showing since 2006 and besting consensus expectations. However, that report showed a decline in the employment reading, off a three-year high last month. “This economy could be expanding considerably faster than anyone anticipated,” Kent Engelke, chief economic strategist for Capitol Securities Management, said. “If Friday’s jobs data comes in stronger than anticipated, I believe all the economic and monetary assumptions will be thrown on their head.” Financials led the markets higher, boosted by hopes of an improving economic environment. Bank of America Corp. (BAC 14.49, -0.01, -0.07%) rose 1.8%, while J.P. Morgan Chase & Co. (JPM 44.66, -0.04, -0.09%) added 1.2%. American Express Co. (AXP 45.06, +0.02, +0.04%) advanced 2.9%, to lead the Dow components. “The data today increases employment and lowers event risk: People can pay their mortgages, commercial real estate is coming back, and it affects people’s ability to service their debt,” Engelke said. “A lot of these financials were still trading on event risk—people being foreclosed on and not being able to pay their debts.” The dollar also jumped on the economic news. The greenback gained more than 1% on the euro and the yen. Treasurys fell as the brighter economic picture dented the allure of safe-haven assets. The yield on the benchmark 10-year note (UST10Y 3.46, +0.13, +3.74%) rose to 3.49%, its highest level in two weeks. Commodities, meanwhile, continued Tuesday’s steep drops for much of the morning before mounting a formidable turaround. Copper gained 0.9%, while crude oil added 1% to settle above $90 a barrel. Oil had fallen as low as $88.10 a barrel earlier in the session. Gold also slipped. As Republican John Boehner took over as speaker of the House of Representatives Wednesday, prospects also grew for a more business-friendly environment that stock investors hope will further propel corporate performance. “Having a balanced Congress gives corporations more confidence to spend,” said Roy Williams, chief executive of Prestige Wealth Management. “Corporate executives are feeling more comfortable now, and that leads to more hiring and more corporate spending.” With earnings season on the way, Mr. Williams predicts a set of strong numbers that will drive markets higher.

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


AT&T T $29.98 +0.10 0.33% 28,001,037 NYSE: WSJ pB1 "AT&T relabels network as 4G" by Roger Cehng says AT&T flipped a switch and turned on its 4G wireless network Wed but the switch was in the marketing dept because it simply relabeled its existing 3 network, the nation's 2nd largest wireless carrier.

WSJ pD1 "In 4G race, Verizon pulls ahead with pricey speed" by Walter Mossberg says the move to 4G from 3G began last year, with Sprint leading the way and Verizon Wireless joining in the end of '10 with a limited deployment. AT&T is expected to enter the 4G market. Mossberg tested the 4G network in Washington, DC one of 38 metro areas to have it and he said it is wicked fast but potentially costly.

Alcoa AA $16.56 +0.04 0.24% 48,174,790 NYSE: No mentions found.

American Express AXP $45.04 +1.09 2.48% 10,585,108 NYSE: WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

Bank of America BAC $14.5 +0.26 1.83% 244,621,705 NYSE: WSJ pC3 "BofA plans to test new account structures & fees" by Dan Fitzpatrick says BofA will restructure the way it charges customers by testing fees of $6 a month on its most basic account with some features running from up to $25 to month. Customers will be divided into 4 buckets with pilot programs in Airz, Ga, and Msss.

WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

Boeing BA $67.48 +0.54 0.81% 5,800,215 NYSE: No mentions found.

Caterpillar CAT $94.52 +0.81 0.86% 4,110,117 NYSE: No mentions found.

Chevron CVX $91.44 -0.16 0.17% 6,633,855 NYSE: No mentions found.

Cisco CSCO $20.77 +0.25 1.22% 68,960,913 NASDAQ-GS: WSJ pB7 "Consumer Electronics Show": Nick Wingfield says Microsoft is going to use low-powered processors with new chips to power its Windows os to compete with Apple's iPad and will use Intel chips. Cari Tuna says Cisco is unveiling a new home entertainment system that combines Internet video, cable Tv and videoconferencing.

Coke KO $63.49 -0.38 0.59% 17,100,502 NYSE: Fin Times p7 "Replicators no more" by Stefan Wagstyl says Coke's Chinsese offshoot is launching Pulpy in eastern Europe after a successful entry in Lain America.

Disney DIS $39.96 +0.97 2.49% 21,945,768 NYSE: WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

WSJ pB4 "China, Hollywood play nice" by Loretta Chao says Uouku.com is running Disney's programs.

DuPont DD $50.22 +0.33 0.66% 5,414,795 NYSE: WSJ pB2 "DuPont enters market for drought tolerant seed" by Ian Berry says DuPont subsidiary Pioneer Hi-Bred includes 5 conventionally bred hybrid seeds that averages a 5% yield advantage over existing products.

Exxon XOM $74.7 -0.20 0.27% 16,471,271 NYSE: Fin Times p22 "Interest in AIG unit bolstes sold gains for fin'ls" by Hannah Kuchler says a surprisingly positive jobs report and data showing that service industries expanded at their fastest pace since '06 helped US stocks edge higher. Exxon fell .3%.

GE $18.64 +0.03 0.16% 51,093,618 NYSE: No mentions found.

Hewlett-Packard HPQ $44.2 +0.57 1.31% 19,709,105 NYSE: No mentions found.

Home Depot HD $34.56 -0.11 0.32% 11,457,337 NYSE: No mentions found.

Intel INTC $20.94 -0.21 0.99% 61,344,269 NASDAQ-GS: WSJ pB1 "Chip makers target everyting but ktichen sink" by Don Clark says firms at the Consumer Elec Show were discussing how they would add processing power, networking and wireless connections to TVs, DVD players, and other consumer gadgets. Chipmakers include Intel, Broadcom, Mips, Marvell & ARM.

IBM $147.05 -0.59 0.4% 4,639,829 NYSE: No mentions found.

JPMorgan JPM $44.7 +0.54 1.22% 49,758,926 NYSE: Fin Times p16 "Swiss expansion for JPMorgan" says it will expand its private banking in Geneva adding more than 44 jobs.

WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

JNJ $63.31 -0.04 0.06% 11,772,654 NYSE: No mentions found.

KFT $31.53 -0.07 0.22% 10,435,634 NYSE: No mentions found.

McDonald's MCD $74.66 +0.35 0.47% 17,879,093 NYSE: Fin Times p10 "Case study" by Andrew Campbell analyzes how McDonald has dealt with challenges since the 1990's and how it exploited international markets.

Merck MRK $36.56 +0.21 0.58% 14,408,015 NYSE: WSJ pB2 "Merck stands behind controversial contraceptive" by Sten Stoval says 600 women in the UK became pregnant despite using a Merk contraceptive implant in their arms called Implanon which Merck is defending.

Microsoft MSFT $28 0.0875 -0.31% 58,865,787 NASDAQ-GS: WSJ pB1 "Google wins case over US contracts" by Amir Efrati, Daily Report "Panel: Microsoft infringed, but damages rule is flawed" by Sheri Qualters say Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

WSJ pC5 "Stocks continue to roll, adding 31.71 points" by Jonathan Cheng says stocks extended their winning streak to 5 days adding to their New year's run as encouraging data from the labor market & serice sector pointed to a firming economic recovery. The Dow reclaimed the highs reached at the top of dot com bubble on 1/14/00 & marking another milestone on the market's recent 5 month runup. Fin'l led the markets higher, boosted by homes of an improving economic environment. Bank of America rose 26 cents, JPMorgan added 54 cents, American Express was up 1.27. Disney gained 97 cents after Goldman added the firm to its conviction buy list citing an expected growth rebound n the firm's parks div. Microsoft fell 9 cents after Google won a prelim injunction blocking the US Interior Dept. from awarding a new email system contract to Microsoft.

WSJ pB7 "Consumer Electronics Show": Nick Wingfield says Microsoft is going to use low-powered processors with new chips to power its Windows os to compete with Apple's iPad and will use Intel chips. Cari Tuna says Cisco is unveiling a new home entertainment system that combines Internet video, cable Tv and videoconferencing.

Pfizer PFE $18.11 +0.1215 0.68% 64,428,311 NYSE: No mentions found.

Procter & Gam PG $64.8 -0.15 0.23% 7,404,935 NYSE: No mentions found.

MMM $86.67 unch unch 4,075,404 NYSE: No mentions found.

Travelers TRV $55.24 -0.33 0.59% 2,826,960 NYSE: No mentions found.

United Technologies UTX $79.23 +0.11 0.14% 2,813,295 NYSE: No mentions found.

Verizon VZ $37.67 +0.51 1.37% 33,798,610 DualListed: WSJ pD1 "In 4G race, Verizon pulls ahead with pricey speed" by Walter Mossberg says the move to 4G from 3G began last year, with Sprint leading the way and Verizon Wireless joining in the end of '10 with a limited deployment. AT&T is expected to enter the 4G market. Mossberg tested the 4G network in Washington, DC one of 38 metro areas to have it and he said it is wicked fast but potentially costly.

Walmart WMT $54.41 -0.36 0.66% 14,160,980 NYSE: Fin Times p14 "Walmart expands ecommerce presence" by Jonathan Birchall says Walmart launched several new websites in Latin America and China with more to come.

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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