3/9/11 Wed am Boeing Gets Order for 43 Jets & Big AIG order while Airbus says BA got US Help

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Post No. 911 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 Wednesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) 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 Tuesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 12,214.38 up 124.35 points or 1.03% from Monday's close of 12,090.03. For the year the Dow is up 5.50%. Of the 30 Dow Jones component companies 27 gained and 3 declined. The biggest gainer dollar-wise was IBM $162.28 +2.35 1.47% 5,385,973 NYSE and percentage wise was Bank of America BAC $14.69 +0.66 4.7% 250,013,015 NYSE. The biggest decliner dollar-wise and percentage-wise was McDonald's MCD $75.54 -0.75 0.98% 8,952,652 NYSE.

Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard says Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

NYT pB8 "Shares rise as oil prices slip & banks hint at higher dividends" by AP says fin'l firms pushed stock indexes higher Tues on signs that banks might soon raise their dividends. Bank of America gained 4.7%, the most of the Dow 30 after its CEO told an investor meeting that the bank could earn mroe money over the next 2 years as its business stabilized.

WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

USA Today p4B "Oil prices fall ack, stocks spring forward" by Bloomberg says stocks advanced Tues snapping a 2 day decline, as crude oil retreated & Bank of America sparked a rally in fin'l shares after saying its home loan biz is in recovery mode.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.84 up from Tuesday's 14.69 (year ago it was 16.47); the P/E estimate is 12.79 unchanged from Tuesday's 12.79 (year ago it was 13.45), and the dividend yield is 2.38 dowm from Tuesday's 2.41 (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 1,613.88 up 16.43 from Monday's closing numerator of 1,597.45. 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 $53.80 up $0.55 from Monday's Dow Jones Industrial Average average closing price of $53.25. The median closing price of Tuesday's Dow Jones Industrial Average was $44.82 (JPM/AXP) up 0.37 from Monday's median closing price of $44.45. The lowest volume was Travelers TRV $59.06 +0.10 0.17% 3,442,616 and the highest volume was again Bank of America BAC $14.69 +0.66 4.7% 250,013,015 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 made $1,643 ($161,388 - $159,750).

MarketWatch Tuesday 3/8/11 5:10 by Jonathan Cheng says Strong bank shares helped the broader stock market higher as Bank of America Corp. raised hopes it will increase dividends and share buybacks. The Dow Jones Industrial Average (DJIA 12,214, +124.43, +1.03%) jumped 124.35 points, or 1.03%, to finish at 12,214.38, while the S&P 500 Index (SPX 1,322, +11.69, +0.89%) added 11.69 points, or 0.89%, to 1,321.82. The Nasdaq Composite Index (COMP 2,766, +20.14, +0.73%) gained 20.14 points, or 0.73%, to 2,765.77. The market’s strong gains pushed the blue-chip index back to just short of where it started the month, recouping most of the previous two days’ losses of 168 points. The gain was the Dow’s third day of triple-digit gains this year. While stocks have been volatile of late, the markets have still been within a well-defined uptrend. But that trend is being tested. Leading the rally Tuesday were financial stocks, including Dow components Bank of America, American Express Co. and J.P. Morgan Chase & Co. B. of A. (BAC 14.67, -0.02, -0.14%) gained 66 cents, or 4.7%, to $14.69 a share; American Express (AXP 45.24, +1.53, +3.50%) added $1.53, or 3.5%, to $45.24, and J.P. Morgan (JPM 46.42, +0.02, +0.04%) rose $1.21, or 2.7%, to $46.40. PNC Financial Services Group (PNC 63.01, -0.36, -0.57%) climbed $2.67, or 4.4%, to $63.37, Citigroup added 12 cents, or 2.7%, to $4.64, Wells Fargo & Co. (WFC 32.50, -0.01, -0.03%) gained 79 cents, or 2.5%, to $32.51 and Goldman Sachs Group Inc. (GS 161.30, +2.15, +1.35%) increased $2.15, or 1.4%, to $161.30. Bank of America’s gains came after Chief Executive Brian Moynihan said he believes the bank has the ability to earn between $35 billion and $40 billion a year in pretax earnings when the business normalizes.
Speaking at the bank’s first investor-day conference since 2007, Moynihan remarked that the bank has no intention of making more acquisitions and will instead look to cut costs and focus on customers. Moynihan also said the bank was focused on returning “every dollar” in capital to shareholders through regular dividends, share buybacks and special cash dividends. “It’s just a prime time to be in banking — with such a steep yield curve, that’s designed to drive profits to banks, allowing banks to borrow cheaply and lend higher,” said Mickey Cargile, managing partner of WNB Private Client Services in Midland, Texas. Investor concerns over regulatory restraints on the banking sector was “overdone.” ‘It’s just a prime time to be in banking. … Banks can make bigger spreads than they normally do.’“There has been quite a bit of attention paid to the bad side of banking without really paying attention to the facts: Banks can make bigger spreads than they normally do,” he added. Not everyone was convinced about banks’ prospects. “In an economy that’s still in a deleveraging mode, I really view the commercial-banking sector as one that essentially has no organic growth prospects,” said Howard Ward, chief investment officer of growth equities at Gamco. “They can take market share from one another, but it’s an industry facing no growth and a lot of regulations that haven’t been sorted out yet.” Weighing on the market was McDonald’s Corp. /(MCD 75.55, +0.01, +0.01%) , off 75 cents, or 1%, at $75.54 after the fast-food chain reported that same-store sales rose by a better-than-expected 3.9% in February, though results in its U.S. restaurants missed Wall Street’s expectations. Energy stocks were also weak, as crude prices fell in volatile trading. Reports that more countries may step in to boost production and that Libya’s Col. Moammar Gadhafi may be looking for a way to step down helped cheer the market, pushing oil to an intraday low of $103.33 a barrel. But as forces loyal to Gadhafi launched a new round of attacks on rebel positions, crude retraced some of its declines. The barrel for April delivery finished at $105.02, off 0.4%. Even so, concerns across the volatile Middle East and North Africa region continued to weigh on investors’ minds. Ward of Gamco said he was worried about a scheduled “day of rage” protest on Friday in Saudi Arabia. “I don’t see how it goes smoothly,” he commented. “Protests there are against the law, and if that happens I don’t see how that does not support higher oil prices.” Ward also was concerned about Libya, warning that even the removal of Gadhafi could leave a fractured country, with different parts of the oil infrastructure split between the separate tribes.The economic calendar was fairly quiet Tuesday, though a survey of small businesses showed more firms are planning to raise their selling prices and increase hiring. Among companies in focus, Urban Outfitters Inc. (URBN 31.58, -0.08, -0.25%) dropped $6.33, or 17%, at $31.66 to make it the worst performer among the S&P 500 companies. The retailer reported fourth-quarter sales and profit that was below market expectations.
Home builder PulteGroup Inc. (PHM 7.10, +0.01, +0.14%) surged 55 cents, or 8.4%, to $7.09 to lead the S&P 500 after it said it signed 2,674 contracts in January and February, up from 2,415 a year earlier. Sprint Nextel Corp. (S 4.69, -0.01, -0.21%) gained 22 cents, or 4.9%, to $4.70 after reports the telecom operator is in talks with Deutsche Telekom AG (DTEGY 14.01, +0.55, +4.09%) over the possible purchase of the German company’s T-Mobile USA cellphone unit. Telecom stocks were generally strong, with AT&T Inc. (T 28.49, +0.04, +0.14%) gaining 55 cents, or 2%, to $28.45 and Verizon Communications Inc. (VZ 36.48, +0.47, +1.31%) adding 47 cents, or 1.3%, to $36.48. Boeing Co. (BA 72.04, +1.16, +1.64%) rose $1.16, or 1.6%, to $72.04 after striking a preliminary deal to sell 38 wide-body jets to Hong Kong Airlines and also signing a deal to supply five 747-8 aircraft to Chinese flag carrier Air China. Convenience-store operator Casey’s General Stores Inc. (CASY 37.71, -2.84, -7.00%) fell $2.84, or 7%, at $37.71. It reported earnings for the latest quarter that fell short of expectations. Dick’s Sporting Goods Inc. (DKS 39.64, -0.30, -0.75%) gained $2.27, or 6%, to $39.94 after fourth-quarter earnings rose 30% as the company opened new stores. Sales at stores open at least a year surged, exceeding analysts’ expectations. Brown-Forman Corp. (BF.B 70.67, +3.21, +4.76%) added $3.21, or 4.8%, to $70.67 after third-quarter earnings jumped by a better-than-expected 30%, thanks to a strong performance from its whiskey and tequila brands. Brown-Forman, the maker of Jack Daniel’s and Southern Comfort, also reported signs of a rebound in its struggling U.S. market, beating revenue expectations and raising its earnings forecast. Netflix Inc. (NFLX 196.28, +0.83, +0.43%) fell $11.95, or 5.8%, at $195.45 after Warner Bros. said it would begin offering select movies through Facebook Inc. — a move that will enable the social-networking service to compete in the online movie-rental market. Treasurys fell, pushing the yield on the benchmark 10-year note (UST10Y 3.55, +0.03, +0.85%) higher, to 3.542%. Gold (GCJ11 1,429, +2.10, +0.15%) slipped 0.5%, while the dollar climbed against the yen and the euro, which fell 0.4% to $1.3903. European stocks finished slightly higher, with the Stoxx Europe 600 (ST:STOXX600 281.81, +1.09, +0.39%) up 0.4%, while in Asia stocks also closed mostly higher.

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


AT&T T $28.45 +0.55 1.97% 30,045,347 NYSE: WSJ pB1 "Sprint calls up T-Mobile" by Joann Lublin", WSJ pC14 "T-Mobile deal is a marathon not a sprint" by Martin Peers, Fin times p15 "D Telekom & Sprint in talks over US mobile phones merger" by Andrew Parker say Deutsche Telekom has had talks with Sprint Nextel about merging their underperforming US mobile phone businesses. AT&T has 95.5 mil mobile customers, Verizon has 87.5 mil, Sprin has 49.9 mil & T-Mobile USA has 33.7 mil.

WSJ pC1 "Rewriting pension history" by Michael Rapoport says some big firms are changing how they account for their pension plans in a way that could make their earnings look better in coming years. AT&T, Verizon Communications & Honeywell recently ended a practice in which they smooth large gains & losses generated by pension assets into their fin'l results over a period of year. Now they will count all such gains & losses in the same year they are incurred.

Alcoa AA $16.49 +0.24 1.48% 19,616,729 NYSE: No mentions found.

American Express AXP $45.24 +1.53 3.5% 10,713,044 NYSE: WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

Bank of America BAC $14.69 +0.66 4.7% 250,013,015 NYSE: Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard says Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

NYT pB1 "Bank chief rejects idea of reducing home loans" by Nelson Schwartz says BofA CEO Brian Moynihan as all 50 state attorneys general are pushing for a settlement over foreclosure abuses that could cost the industry $20 bil.

WSJ pC3 "Moynihan pledges Peace Dividend for BofA" by DavidBenoit, NYT pB8 "Shares rise as oil prices slip & banks hint at higher dividends" by AP say fin'l firms pushed stock indexes higher Tues on signs that banks might soon raise their dividends. Bank of America gained 4.7%, the most of the Dow 30 after its CEO told an investor meeting that the bank could earn mroe money over the next 2 years as its business stabilized.

WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

USA Today p4B "Oil prices fall ack, stocks spring forward" by Bloomberg says stocks advanced Tues snapping a 2 day decline, as crude oil retreated & Bank of America sparked a rally in fin'l shares after saying its home loan biz is in recovery mode

Boeing BA $72.04 +1.16 1.64% 5,656,929 NYSE: Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard says Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

Fin Times p1 "Airbus claims US helped Boeing deal" by Pilita Clark says Airbus lost a large Chinese jet order to Boeing causing an Airbus exec to claim that Washington brought political influence to bear in the deal.

WSJ pB3 "AIG's lease unit resumes plane orders in a big way" by Doug Cameron says the aircraft leasing arm at AIG said it placed an order for 133 new aircraft from Airbus & Boeing and canceled a commitment to buy 10 Airbus A380 jets.

WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

WSJ pB1 "US, EU near air safety pact" by Daniel Michaels says Boeing wants this air safety pact that has taken over 2 years since it will ease safety approvals for airplane exports.

WSJ pB6 "Patent overhaul clears senate" by Siobhan Hughes says the bill will overhaul the system & marks a victory for big firms such as Caterpillar, 3M and GE who seek to reduce legal challenges. They formed the Coalition for 21st Century Patent Reform. Also pushing the bill were Microsoft & Boeing.

Caterpillar CAT $104.13 +2 1.96% 6,149,649 NYSE: WSJ pB6 "Patent overhaul clears senate" by Siobhan Hughes says the bill will overhaul the system & marks a victory for big firms such as Caterpillar, 3M and GE who seek to reduce legal challenges. They formed the Coalition for 21st Century Patent Reform. Also pushing the bill were Microsoft & Boeing.

Chevron CVX $103.77 +0.76 0.74% 8,914,971 NYSE: No mentions found.

Cisco CSCO $18.22 +0.02 0.11% 54,935,665 NASDAQ-GS: WSJ pB4 "Cisco cuts the price of home video system" by Cari Tuna says Cisco cut the price of its Umi video calling system, a flashy offering released in Oct.

Coke KO $65.64 +0.42 0.64% 10,361,052 NYSE: WSJ pB7 "Tropicana to raise OJ prices amid Cold" by Leslie Josephs says PepsiCo is raising its orange juice prices as Coke said it wold last week for its Minute Maid and Simply Juice brands because of cost pressures.

DIS $43.2 +0.18 0.42% 6,866,094 NYSE: No mentions found.

DuPont DD $54.26 +1 1.88% 5,442,096 NYSE: No mentions found.

Exxon XOM $84.6 -0.12 0.14% 17,663,072 NYSE: USA Today p1B "Court backs ExxonMobil" says Exxon won a round in a dispute with environmentalists who want mroe money to clean up oil left on the shore of Prince William Sound from the '89 Exxon Valdez spill.

GE $20.6275 +0.2475 1.21% 50,285,118 NYSE: Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard says Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

WSJ pB6 "Patent overhaul clears senate" by Siobhan Hughes says the bill will overhaul the system & marks a victory for big firms such as Caterpillar, 3M and GE who seek to reduce legal challenges. They formed the Coalition for 21st Century Patent Reform. Also pushing the bill were Microsoft & Boeing.

Hewlett-Packard HPQ $42.4 +0.42 1% 15,674,902 NYSE: No mentions found.

Home Dep HD $37.04 +0.17 0.46% 14,253,754 NYSE: No mentions found.

Intel INTC $21.13 -0.08 0.38% 57,028,005 NASDAQ-GS: No mentions found.

IBM $162.28 +2.35 1.47% 5,385,973 NYSE: No mentions found.

JPMorgan JPM $46.4 +1.21 2.68% 32,893,337 NYSE: WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

JNJ $60.71 +0.31 0.51% 8,884,287 NYSE: No mentions found.

KFT $31.4475 +0.1175 0.38% 8,473,985 NYSE: No mentions found.

McDonald's MCD $75.54 -0.75 0.98% 8,952,652 NYSE: WSJ pB6 "McDonald's reprots sales increase for Feb" by Matt Jarzemsky, Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard say Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

WSJ pC5 "Bullish BofA gives stocks a boost" by Jonathan Cheng says soaring bank shares led by the broader stock market higher as Bank of America raised hopes it will increase dividends and share buybacks. Leading the rally were fin'l stocks including Bank of America, American Express & JPMorgan. BofA added 66 cents and American express added $1.53 & JPMorgan rose $1.21. Bearing down on the market was McDonald's off 75 cents after it reported same store sales. Bank of America is charted under good news due to CEO Moynihan's comments about possibly earning $40 bil. Boeing is charted under good news due to the Chinese orders. McDonald's is charted under Bad News due to disappointing US results.

Merck MRK $32.98 +0.15 0.46% 11,552,856 NYSE: Fin Times p9 "A sugared pill" by Andrew Jack says as authorities seek to break drugmakers' long cozy fin'l relationship with doctors, the coming months could bring claims that run into billions of dollars from regulators. There is a chart of largest US penalties for unlawful promotion from '91 to '10 and Pfizer leads the list with over $2 bil settlement in '09 with Merck 5th.

Microsoft MSFT $25.91 +0.19 0.74% 50,546,898 NASDAQ-GS: WSJ pB6 "Patent overhaul clears senate" by Siobhan Hughes says the bill will overhaul the system & marks a victory for big firms such as Caterpillar, 3M and GE who seek to reduce legal challenges. They formed the Coalition for 21st Century Patent Reform. Also pushing the bill were Microsoft & Boeing.

Pfizer PFE $19.68 +0.07 0.36% 37,699,113 NYSE: Fin Times p9 "A sugared pill" by Andrew Jack says as authorities seek to break drugmakers' long cozy fin'l relationship with doctors, the coming months could bring claims that run into billions of dollars from regulators. There is a chart of largest US penalties for unlawful promotion from '91 to '10 and Pfizer leads the list with over $2 bil settlement in '09 with Merck 5th.

Procter & Gamble PG $62.05 +0.34 0.55% 10,953,424 NYSE: WSJ pB1 "Febreze joins P&G's $1 bil club" by Ellen Byron says P&G's Febreze has sold more than $1 bil. It is its 24th billion dollar brand behind its top brand, Pampers, at $8.1 bil, Tide at $4.4 bil.

3M MMM $93.75 +1.35 1.46% 3,624,359 NYSE: WSJ pB6 "Patent overhaul clears senate" by Siobhan Hughes says the bill will overhaul the system & marks a victory for big firms such as Caterpillar, 3M and GE who seek to reduce legal challenges. They formed the Coalition for 21st Century Patent Reform. Also pushing the bill were Microsoft & Boeing.

Travelers TRV $59.06 +0.10 0.17% 3,442,616 NYSE: No mentions found.

United Technologies UTX $83.26 +0.98 1.19% 3,399,399 NYSE: Fin Times p24 "Boeing jumps after landing deal with Chinese carriers for 43 jets" by Michael Stothard says Boeing gained ground after it signed a multi-bil dollar deal with 2 Chinese airlines while US equities bounced back from recent losses as oil prices softened. Boeing will sell 43 new 747-8 jets to Air China & Hong Kong airlines. A few weeks ago Boeing got a $35 bil contract for US Air Force refueling aircraft. United Technologies was up 1.2%. GE added 1.2% while 3M put on 1.5%. Bank of America added 4.7% helped by comments from CEO Moynihan at the bank's first investor day conference since '07. McDonald's reported that same store sales had risen by 3.9% worldwide in Feb ahead of expectations but its shares were down 1% after like for like sales growth in US fell short of forecasts.

Verizon VZ $36.48 +0.47 1.31% 14,333,962 DualListed: WSJ pC14 "T-Mobile deal is marathon not a sprint" by Martin Peers, Fin times p15 "D Telekom & Sprint in talks over US mobile phones merger" by Andrew Parker say Deutsche Telekom has had talks with Sprint Nextel about merging their underperforming US mobile phone businesses. AT&T has 95.5 mil mobile customers, Verizon has 87.5 mil, Sprin has 49.9 mil & T-Mobile USA has 33.7 mil.

WSJ pC1 "Rewriting pension history" by Michael Rapoport says some big firms are changing how they account for their pension plans in a way that could make their earnings look better in coming years. AT&T, Verizon Communications & Honeywell recently ended a practice in which they smooth large gains & losses generated by pension assets into their fin'l results over a period of year. Now they will count all such gains & losses in the same year they are incurred

Walmart WMT $52.44 +0.42 0.81% 11,920,163 NYSE: WSJ pB4 "Warner likes Facebook rentals" by Michelle King says Warner will start renting movies via Facebook which will compete with download service like Walmart's Vudu.

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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