3/13/11 Sun/Sat Barron's Likes Bank of America & Exxon

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Post No. 918 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 components' SEC filings as of February 14, 2011.

A read of the print editions of Monday's Barrons, the combined Saturday & Sunday issues of each of Wall St. Journal & Financial Times; & Sunday's & Saturday's issues of New York Times & Atlanta Journal Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 12,044.4 up 59.79 points or 0.05% from Thursday's close of 11,984.61. For the week the Dow was down points 125.48 points or 1.03% from last Friday's close of 12,169.88. For the year the Dow is up 4.03%. Of the 30 Dow Jones component companies 24 gained, Procter & Gamble was unchanged and 5 declined. The biggest gainer dollar-wise was Caterpillar CAT $100.02 +1.63 1.66% 8,152,575 NYSE and percentage wise was 3M MMM $91.61 +1.60 1.78% 3,504,714 NYSE. The biggest decliner dollar-wise and percentage-wise was Verizon VZ $35.85 -0.55 1.51% 16,779,168 Dual Listed.

WSJ pB5 "Stocks rally despite temblor" by Donna Kardos Yesalavich says stocks climbed despite the strongest earthquake to hit Japan in at least 300 years as some firms benefited from expectations for increased demand from rebuilding efforts, while investors also were relieved that protests in Saudi Arabia were relatively orderly. Industrial giants 3M & Caterpillar led the climb with 3M gaining $1.60 & Caterpillar added $1.63 as investors bet that the firms might benefit from rebuilding efforts in Japan following the earthquake.

Sat. NYT pB6 "Shares move ahead, lifted by US signals despite quake in Japan" by Bloomberg says stocks advanced on Fri, trimming the weekly loss in the S&P 500, as gains in fuel, metal & industrial firms helped the market overcome a global slump after the worst earthquake on record in Japan. Caterpillar climbed 1.7% after Morgan Stanley said it would outperform the industry over the next 30 days.

Fin Times p16 "Steelmakers & refineries see sharp gains as oil dips" by Telis Demos says following he devastating earthquake & tsunami that hit N.E. Japan, the strongest in 140 years, the US's Russell 1,000 property & casual insurance index fell 1.2%.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132129493. The trailing P/E is 14.64 up from Friday's 14.56 (year ago it was 16.56); the P/E estimate is 12.42 down from Friday's 12.79 (year ago it was 13.56), and the dividend yield is 2.42 down from Friday's 2.43 (last year it was 2.57). 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 1,591.36 up 7.84 from Thursday's closing numerator of 1,583.52. 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 $53.05 up $0.27 from Thursday's Dow Jones Industrial Average average closing price of $52.78. The median closing price of Friday's Dow Jones Industrial Average was $45.05 (JPM/AXP) up 0.28 from Thursday's median closing price of $44.77. The lowest volume was Travelers TRV $58.88 +0.36 0.62% 2,797,992 NYSE and the highest volume was again Bank of America BAC $14.38 +0.12 0.84% 111,324,078 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 $784 ($159,136 - $158,352).

MarketWatch Friday 3/11/11 4:32 by Donna Kardos says US stocks climbed Friday despite the strongest earthquake to hit Japan in at least 300 years as some companies benefited from expectations for increased demand from rebuilding efforts, while investors were also relieved that protests in Saudi Arabia were relatively orderly. The Dow Jones Industrial Average closed up 59.79 points, or 0.50%, to 12044.40. Industrial giants 3M and Caterpillar led the climb, with 3M gaining 1.8% and Caterpillar adding 1.7%, as investors bet that the companies might benefit from rebuilding efforts in Japan following the earthquake. Exxon Mobil was also strong, up 0.9%, while Alcoa added 1.5% and Chevron gained 0.9%. The Nasdaq Composite climbed 14.59, or 0.54%, to 2715.61, and the Standard & Poor's 500 index added 9.17, or 0.71%, to 1304.28, with its energy, materials and industrial sectors leading the ascent. Still, the market posted a weekly drop, with the Dow falling 1.03%, the S&P 500 off 1.28% and the Nasdaq down 2.48% for the week. For all three measures, it marked the second weekly decline in the past three weeks. The earthquake in Japan, one of the five biggest in history with a magnitude of 8.9, rocked the country's eastern coast, triggering a 30-foot tsunami that engulfed cars and buildings in its path in northern Japan. It set off tsunami warnings for 53 countries, including the U.S. The quake inflicted particularly severe damage to areas facing the northern Pacific coast and caused panic around Tokyo. The natural disaster could derail the country's nascent economic recovery and increase Japan's already massive public debt, which is 200% of gross domestic product. Japan's Nikkei Stock Average fell 1.7%, and the iShares MSCI Japan Index Fund, an exchange-traded fund that tracks Japanese stocks, shed 1.7%. U.S.-listed shares of Japanese companies also fell, with American depositary shares of Honda Motor slipping 2.4% while U.S. shares of Toyota Motor declined 2.1% and U.S. shares of Sony shed 2.4%. However, U.S. investors expected that the quake wouldn't significantly hurt global economic growth. Rather, traders bet that the quake would actually drive increased demand for a host of economically sensitive companies when Japan starts to rebuild what was damaged by the quake. Among the stocks that benefited, AK Steel jumped 6.4%, Titanium Metals added 4.6%, and Fluor climbed 4.2%. "The obvious thing would be to look at companies or sectors that may benefit from increased demand in their services or capital equipment," said Peter Andersen, portfolio manager at Congress Asset Management Co. The likely candidates, he said, include companies involved with "earth-moving equipment, and heavy infrastructure companies." Friday's climb in U.S. stocks was also due in part to relief that the so-called Day of Rage in Saudi Arabia was more peaceful than investors had been fearing. While hundreds of protesters took to the streets in the eastern Saudi Arabian cities of al-Hofuf and Awamiya, a day after police broke up a march in the same region, it appeared to be relatively orderly. "It's giving the market a little bit of a breather," said Russ Koesterich, iShares global chief investment strategist and global head of investment strategy for BlackRock Scientific Active Equities. "Saudi Arabia is the critical oil-producing company. If there's no more strife after yesterday's events, you're going to see the [oil] market pull back a little bit." Friday's round of U.S. economic data came in mixed. U.S. retail sales rose less than expected, and consumer sentiment dropped back in early March as expectations plunged. But U.S. business sales increased in January by the largest amount in 10 months, while inventories grew more than expected as companies anticipated greater demand.

Friday's Closing Dow Numbers and Sunday's & Saturday's News:

AT&T T $28.46 -0.15 0.52% 21,853,610 NYSE: No mentions found.

Alcoa AA $16.03 +0.23 1.46% 22,792,926 NYSE: No mentions found.

American Express AXP $44.28 +0.26 0.59% 6,415,468 NYSE: No mentions found.

Bank of America BAC $14.38 +0.12 0.84% 111,324,078 NYSE: Barron's p39 "BofA shares could rise 40%" by Jacqueline Doherty says Bank of America could earn more than $2 a share in coming years as its credit portfolio improves & its share count shrinks. Bank of America's stock rose 1.8% last week and JPMorgan's rose 0.5%.

Barron's pM13 "Research reports" by Anita Peltonen says MP Securities has a report on Bank of America with a "Market Perform" said BofA will have long term earnings growth in the mre mid single digits & returns on equity of 11%. Report believes BofA's eventual price/book value and price/tangible book value could be 1.1 times and 1.5 times respectively.

WSJ pB9 "Banking on bank dividends" by Jane J. Kim says Bank of America and JPMorgan Chase have recently said they hope to raise their dividends soon, pending approval from the Fed.

Boeing BA $71.64 +0.35 0.49% 3,863,935 NYSE: No mentions found.

Caterpillar CAT $100.02 +1.63 1.66% 8,152,575 NYSE: Barron's p19 "The Money whirl" - Cover Story" by Sandra Ward says as the dollar plunges, individual investors are moving into the currency market. It is getting easier for individuals to take their own dollar positions by investing in firms such as Coke, IBM or Exxon which derive ever increasing portions of their profits from overseas sources, which gives them a natural hedge for a dropping dollar. The article notes that in the past 6 months Caterpillar & McDonald's have received approval from the Chinese gov to issue bonds in Hong Kong based on the Chinese renmimbi, so called "dim sum bonds" to finance their business projects in China.

Sat. NYT pB6 "Shares move ahead, lifted by US signals despite quake in Japan" by Bloomberg says stocks advanced on Fri, trimming the weekly loss in the S&P 500, as gains in fuel, metal & industrial firms helped the market overcome a global slump after the worst earthquake on record in Japan. Caterpillar climbed 1.7% after Morgan Stanley said it would outperform the industry over the next 30 days.

WSJ pB5 "Stocks rally despite temblor" by Donna Kardos Yesalavich says stocks climbed despite the strongest earthquake to hit Japan in at least 300 years as some firms benefited from expectations for increased demand from rebuilding efforts, while investors also were relieved that protests in Saudi Arabia were relatively orderly. Industrial giants 3M & Caterpillar led the climb with 3M gaining $1.60 & Caterpillar added $1.63 as investors bet that the firms might benefit from rebuilding efforts in Japan following the earthquake.

Chevron CVX $99.93 +0.85 0.86% 6,844,604 NYSE: Barron's p17 "Week Preview" says on Monday 3/14 Chevron meets with analysts & on Thursday 3/17 3M meets with analysts.

Fin times p12 "Valero in deal to buy Chevron site" by Sheila McNulty, Sat. NYT pB2 "Valero agrees to buy an oil refinery in Wales" by Michael J. de la Merced says Valero energy will buy Chevron's refinery In Pembroke, Wales for $730 mil & other related assets for about $1 bil. It is the latest move by a big oil firm to refocus on exploration instead of less lucrative refining operations. Chevron has already agreed to sell refining assets in 20 countries and will sell more in the Carib. & Central Amer.

Cisco CSCO $17.95 +0.03 0.17% 68,144,822 NASDAQ-GS: No mentions found.

Coke KO $64.81 -0.48 0.74% 6,005,257 NYSE: Barron's p19 "The Money whirl" - Cover Story" by Sandra Ward says as the dollar plunges, individual investors are moving into the currency market. It is getting easier for individuals to take their own dollar positions by investing in firms such as Coke, IBM or Exxon which derive ever increasing portions of their profits from overseas sources, which gives them a natural hedge for a dropping dollar. The article notes that in the past 6 months Caterpillar & McDonald's have received approval from the Chinese gov to issue bonds in Hong Kong based on the Chinese renmimbi, so called "dim sum bonds" to finance their business projects in China.

Disney DIS $42.93 +0.46 1.08% 6,937,662 NYSE: No mentions found.

DuPont DD $52.9 +0.31 0.59% 5,446,136 NYSE: No mentions found.

ExxonMobil XOM $82.12 +0.74 0.91% 17,511,886 NYSE: Barron's pM10 "A Gas pump hedge" by Steven Sears says you should buy Exxon, the world's largest energy firm, with operations in 200 nations. At 85 a share, Exxon is up about 16% this year, & could trade higher in concert with crude, which recently reached about $106 a barrel. The nationwide average price of gas is $3.50 a gallon and prices are unlikely to decline anytime soon. You can buy Exxon's Oct $85 call and sell the Oct $95 call, which reduces the trade's price, as Exxon's bullish call options are elevated in widespread anticipation that Exxon will keep climbing. the total position cost $2.86 when the stock was 82.16. If Exxon's stock advances to 95, investors will make a 250% return on their money. If the stock goes to 87.86, the trade beaks even. This is a gas pump hedge and is credited to Michael Schwartz, Oppenheimer's chief options strategist. Also Sears says hedge funds are trading "alpha versus beta" or buying strong stocks outperforming their benchmarks & shorting laggards. Example: buy Netflix and short Microsoft.

Barron's p19 "The Money whirl" - Cover Story" by Sandra Ward says as the dollar plunges, individual investors are moving into the currency market. It is getting easier for individuals to take their own dollar positions by investing in firms such as Coke, IBM or Exxon which derive ever increasing portions of their profits from overseas sources, which gives them a natural hedge for a dropping dollar. The article notes that in the past 6 months Caterpillar & McDonald's have received approval from the Chinese gov to issue bonds in Hong Kong based on the Chinese renmimbi, so called "dim sum bonds" to finance their business projects in China.

GE $20.36 +0.26 1.29% 56,095,816 NYSE: No mentions found.

Hewlett-Packard HPQ $41.73 +0.25 0.6% 16,473,943 NYSE: Barron's p17 "Week Preview" says on Mon 3/14 Hewlett-Packard's investor meeting debuts CEO Leo Apotheker.

Barron's p33 "HP's new vision" by Mark Veverka says under Leo Aotheker, Hewlett-Packard is expected to focus on software rather than lower-margin hardware. HP's forward price/earnings ratio is just 7.9, versus 12.4 for IBM due to HPQ missing rev forecasts. HPQ's competitors such as Oracle, IBM & EMC have been expanding rapidly into software for the better part of a decade.

Home Depot HD $37.14 +0.07 0.19% 7,728,574 NYSE: Barron's "Week Review" p16 says Mattel is closing its Barbie concept store in Shanghai. The move came on theheels of Home Depot shuttering its 5 stores in China.

Intel INTC $20.87 +0.08 0.38% 45,585,842 NASDAQ-GS: No mentions found.

IBM $162.43 +0.41 0.25% 4,267,473 NYSE: Barron's p19 "The Money whirl" - Cover Story" by Sandra Ward says as the dollar plunges, individual investors are moving into the currency market. It is getting easier for individuals to take their own dollar positions by investing in firms such as Coke, IBM or Exxon which derive ever increasing portions of their profits from overseas sources, which gives them a natural hedge for a dropping dollar. The article notes that in the past 6 months Caterpillar & McDonald's have received approval from the Chinese gov to issue bonds in Hong Kong based on the Chinese renmimbi, so called "dim sum bonds" to finance their business projects in China.

Barron's p33 "HP's new vision" by Mark Veverka says under Leo Aotheker, Hewlett-Packard is expected to focus on software rather than lower-margin hardware. HP's forward price/earnings ratio is just 7.9, versus 12.4 for IBM due to HPQ missing rev forecasts. HPQ's competitors such as Oracle, IBM & EMC have been expanding rapidly into software for the better part of a decade.

JPMorgan Chase JPM $45.74 +0.21 0.46% 20,325,374 NYSE: Barron's p39 "BofA shares could rise 40%" by Jacqueline Doherty says Bank of America could earn more than $2 a share in coming years as its credit portfolio improves & its share count shrinks. Bank of America's stock rose 1.8% last week and JPMorgan's rose 0.5%.

WSJ pB9 "Banking on bank dividends" by Jane J. Kim says Bank of America and JPMorgan Chase have recently said they hope to raise their dividends soon, pending approval from the Fed.

Johnson & Johnson $69 +0.08 0.13% 10,425,456 NYSE: No mentions found.

Kraft $1.7 +0.20 0.63% 6,475,833 NYSE: No mentions found.

McDonald's MCD $76.73 +0.05 0.07% 4,436,719 NYSE: Barron's p19 "The Money whirl" - Cover Story" by Sandra Ward says as the dollar plunges, individual investors are moving into the currency market. It is getting easier for individuals to take their own dollar positions by investing in firms such as Coke, IBM or Exxon which derive ever increasing portions of their profits from overseas sources, which gives them a natural hedge for a dropping dollar. The article notes that in the past 6 months Caterpillar & McDonald's have received approval from the Chinese gov to issue bonds in Hong Kong based on the Chinese renmimbi, so called "dim sum bonds" to finance their business projects in China.

WSJ pA5 "This week" says there are more Subway stores on the planet than McDonald's but McDonald's has more worldwide sales of $79.4 bil vs. Subway's $15.2. In a side by side comparisons of Subway's 6" turkey break sub vs the Big Mac it shows that the Subway choice is much healthier.

Merck MRK $32.73 -0.17 0.52% 12,256,248 NYSE: No mentions found.

Microsoft MSFT $25.68 +0.27 1.06% 49,858,798 NASDAQ-GS: Barron's pM10 "A Gas pump hedge" by Steven Sears says you should buy Exxon, the world's largest energy firm, with operations in 200 nations. At 85 a share, Exxon is up about 16% this year, & could trade higher in concert with crude, which recently reached about $106 a barrel. The nationwide average price of gas is $3.50 a gallon and prices are unlikely to decline anytime soon. You can buy Exxon's Oct $85 call and sell the Oct $95 call, which reduces the trade's price, as Exxon's bullish call options are elevated in widespread anticipation that Exxon will keep climbing. the total position cost $2.86 when the stock was 82.16. If Exxon's stock advances to 95, investors will make a 250% return on their money. If the stock goes to 87.86, the trade beaks even. This is a gas pump hedge and is credited to Michael Schwartz, Oppenheimer's chief options strategist. Also Sears says hedge funds are trading "alpha versus beta" or buying strong stocks outperforming their benchmarks & shorting laggards. Example: buy Netflix and short Microsoft.

Barron's p31 "Tech trader" by Tiernan Rays gives Microsoft as an example of a firmw ith soldi balance sheets & good earnings prospects that pays dividends and buy back their stock but trades at weak P/E multiples.

Pfizer PFE $19.47 +0.11 0.57% 40,025,629 NYSE: No mentions found.

Procter & Gamble PG $61.49 unch unch 9,579,100 NYSE: No mentions found.

3M MMM $91.61 +1.60 1.78% 3,504,714 NYSE: Barron's p17 "Week Preview" says on Monday 3/14 Chevron meets with analysts & on Thursday 3/17 3M meets with analysts.

WSJ pB5 "Stocks rally despite temblor" by Donna Kardos Yesalavich says stocks climbed despite the strongest earthquake to hit Japan in at least 300 years as some firms benefited from expectations for increased demand from rebuilding efforts, while investors also were relieved that protests in Saudi Arabia were relatively orderly. Industrial giants 3M & Caterpillar led the climb with 3M gaining $1.60 & Caterpillar added $1.63 as investors bet that the firms might benefit from rebuilding efforts in Japan following the earthquake.

Travelers TRV $58.88 +0.36 0.62% 2,797,992 NYSE: No mentions found.

United Technologies UTX $81.28 +0.36 0.44% 4,174,665 NYSE: No mentions found.

Verizon VZ $35.85 -0.55 1.51% 16,779,168 Dual Listed: No mentions found.

Walmart WMT $52.59 -0.06 0.11% 14,534,263 NYSE: Barron's pM5 "The Trader" by Kopin Tan says profit margins at grocers are thin thanks to cutthroat competition from discounters like Walmart.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, 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 (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 2/14/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $428 [5]
2. Procter & Gamble PG 258.5 [4]
3. GE 229 [10.5]
4. Microsoft MSFT 233 [8.5]
5. IBM 203 [1]
6. WalMart WMT 195 [3.5]
7. Chevron CVX 195 [2]
8. JPMorgan Chase JPM 182 [4]
9. AT&T T 169 [6]
10. Johnson & Johnson JNJ 166.5 [3]
11. Pfizer PFE 152.5 [8]
12. Bank of America BAC 150 [10]
13. Coke KO 146.5 [2.5]
14. Intel INTC 120.5 [5.5]
15. Verizon VZ 106.5 [3]
16. Hewlett-Packard HPQ 105 [2]
17. Cisco CSCO 104 [5.5]
18. Merck MRK 101 [3]
19. Disney DIS 82 [2]
20. McDonald's MCD 80.5 [1]
21. United Technologies UTX 78.5 [1]
22. 3M MMM 65.5 [.5]
23. Caterpillar CAT 65.5 [.5]
24. Home Depot 61.5 [1.5]
25. American Express AXP 56 [1]
26. Kraft KFT 53 [2]
27. Boeing BA 53 [1]
28. DuPont DD 50 [1]
29. Travelers TRV 27 [.5]
30. Alcoa AA 18 [1]

Here are the latest 8K, 10Q & 10K & Proxy SEC filings as of 2/14/11:

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

AT&T T: 1/27/11 2 8Ks re: 4Q results
1/13/11 8K re: change of accounting for pension
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

Alcoa AA: 2/11/11 8K re: resignation of Carlos Ghosen, CEO of Nissan, from Board of Directors
2/3/11 8K re: FD disclosaure re: flat rolled growth opport'ties in Europe
1/25/11 & 1/21/11 8Ks re: contributions to pension plan
1/13/11 8K re: transcript of 4Q earnings call
1/11/11 8K re: 4Q results
12/8 8K Olivier Jarrault named Pres. Alcoa Engineered Products
11/30/11 8K re: pesonnel changes in management

American Express AXP: 1/18/11 8K re: comp to CEO Chanault
1/24/11 & 1/19/11 8K re 4Q results
1/18/11 8K re: write-off statistics for quarter ending 12/31/10
12/16/11 8K re acquisition of Loyalty Partner

Bank of Am BAC: 1/31/11 8K re: compensation of officers
1/21/11 8K re: 4Q & FY 2010 results
1/3/11 8K re: Agreement with Freddie Mac & Fannie Mae to repurchase $3 bil of loan to settle Countrywide dispute

Boeing BA: 2/9/11 10K & 1/26/11 8K re: 12/31/10 results & FY 2011 guidance
1/11/11 8K re: resignation of William M. Daley from Board to be Chief of Staff to Pres. Obama
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: 1/27/11 8K re 12/10 deale statistics
1/27/11 8K re: results for 4Q and FY ended 2010
1/21/11 8K re: stocholders approval of acquisition of Bu8cyrus Int'l Inc.
1/20/11 8K re: Justice Dept. request for Hart-Scott-Rodino iinfo re: Bucyrus purchase
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

Chevron CVX: 2/1 8K re: compensation to officers including CEO John Watson
1/28/11 & 1/11/11 8K re 4Q results

Cisco CSCO 2/9/11 8K 2Q results
1/31/11 8K re: agreement re: issuance of $3 bil of commercial paper
12/17/10 8K re: pre-arranged exec stock trading plan

Coke KO 2/9/11 8K re: results for 4Q and FY 2010
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

Disney DIS 2/8/11 10Q & 2/8/11 8K re: 1Q results
1/28/11 Proxy statement for annual sahreholder meeting to be held 3/23/11 at Salt Lake City, Utah
12/14/10 8K re: issuance of $5 bil of Notes
11/24/10 10K for year ending 10/2/10

DuPont DD: 2/8/11 10K re FY 12/31/10
1/27/11 8K re: compensation for CEO Ellen Kullman
1/25/11 8K re: results for quarter ended 12/31/10
1/12/11 8K re: acquisition of Danish firm, Danisco
12/10 8K re: retirement of Jeffrey L. Keefer as EVP

ExxonMobil XOM: 1/31/11 8K re: 4Q and FY 2010 results
11/30/10 8K re: revisions to officers' compensation plan

GE: 2/14/11 8K re: amendments to bylaws re: calling of special meetings of shareholders
1/31/11 8K re: closing of Comcast deal giving it control of NBC Universal
1/21/11 8K re: 4Q and FY '10 results
12/16/10 8K re: departure of Director Sir William M. Castell

Hewlett-Packard HPQ: 2/1/11 Proxy statement re: 3/23/11 shareholders meeting
1/20/11 8K re: election of 5 new members to Board of Directors
12/15/11 10K re: FY 10/31/10
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: 1/12/11 8K re: promotion of Aaron Carmack as Pres. of Home Depot Canada
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: 1/31/11 8K re: 4Q results & 2011 guidance
1/26/11 8K re: amendment to stock option plan
1/24/11 8K re: dividend and shre repurchase program (increase)
1/14/11 & 1/13/11 8Ks re: results of quarter ended 12/25/11 & 2011 guidance
1/10/11 8K re: patent agreement with NVIDIA Corp.
11/12/10 8K re: 15% increase of quarterly cash dividend

IBM: 1/28/11 8K re: compensation to officers including CEO Sam Palmisano
1/27/11 8K re: bylaw amendment re: holding of stockholder meetings
1/19/11 & 1/18/11 8K re: 4Q results and 12/31/10 FY
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

JPMorganChase JPM: 1/14/11 2 8Ks re: 4Q results
12/29/10 8K re: results of tender offer for 5.8% securities
12/22/11 8K re: purchase of 25 Bank St in Canary Wharf as London Investment banking headquarters
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

Johnson & Johnson JNJ : 1/25/11 8K re: 4Q results ending 1/2/11

Kraft KFT: 2/10/11 8K re: 4Q & FY 2010 results
1/31/11 8K re: status of lawsuit with Starbucks
1/24/11 8K re: amendment to articles of incorproation to eliminate Class B common Stock and amendment to bylaws re: shareholder meetings
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

McDonalds MCD: 2/8/11 8K re: Jan 2011 global sales
2.7/11 8K re: election to the Board of Donald Thompson, Pres. & CEO
1/24/11 8K re: 4Q & FY 2010 results
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

Merck MRK: 2/3/11 8K re: 4Q results
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

Microsoft MSFT: 2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016
1/27/11 10 & 1/27/11 8K for quarter ended 12/31/10
11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 2/1/11 8K re: 4Q results & reduction of research & development facilities
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: 2/11/11 8K re: election of Meg Whitman to Baord of Directors
2/1/11 8K re: retirement of Blboal Health Vice-Chair Robert A. Steele
1/28/11 10Q & 1/27/11 8K re: 2Q results
1/11/11 8K re: quarterly dividend of $0.4818 per share
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

3M MMM: 1/25/11 8K re: 4Q results & FY 2011 guidance
12/7/10 8K 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: 1/28/11 8K re: departure of Blythe McGarvie from Board
1/25/11 8K results of 4Q
11/10/10 8K re: completion of tender offer for 6.25% debentures
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

United Technologies UTX: 2/10/11 10K for FY 12/31/10
1/26/11 8K re: 4Q results & FY 2011 guidance
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

Verizon Communications Inc. VZ: 2/3/11 8K re: increase to stock repurchase program
1/27/11 Proxy statement & 8K re: proposed purchase of Terremark to boost cloud capacity
1/27/11 8K re: 2011 guidance
1/25/11 4Q & FY 2010 results
1/21/11 8K re: change of accounting for pension
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

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