4/11/11 Mon. pm Dow Closes at 12,381.11 up 1.06 or 0.01%

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Post No. 962 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 March 21, 2011.

The Dow Jones Industrial Average closed Monday at 12,381.11 up 1.06 points or 0.01% from Friday's close of 12,380.05. Of the 30 Dow components 19 gained and 11 declined. The biggest gainer dollar-wise and percentage-wise was Travelers TRV $60.42 +0.84 1.41% 3,641,513 NYSE. The biggest decliner dollar-wise and percentage-wise was Chevron CVX $107.78 -1.88 1.71% 6,511,328 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.132129493. The trailing P/E is 15.04 down from Friday's trailing P/E of 15.08 (year ago it was 17.17.15); the P/E estimate is 12.73 down from Friday's P/E estimate of 12.75 (year ago it was 14.00), and the dividend yield is 2.37 unchanged from Friday's dividend yield of 2.37 (last year it was 2.48). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,635.90 up 0.13 from Friday's closing numerator of 1,635.77. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $54.53 unchanged from Friday's average closing price of $54.53. The median closing price of Monday's Dow Jones Industrial Average was $46.62 (JPM/AXP) up 0622 from Friday's median closing price of $46.56. The lowest volume was 3M MMM $93.8 +0.58 0.62% 3,214,191 NYSE and the highest volume was again Bank of America BAC $13.49 +0.01 0.07% 62,856,988 NYSE.

If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $13 ($163,588 - $163,575).

MarketWatch Monday 4/11/1 4:17 by Donna Kardos says U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first-quarter corporate-earnings season. The Dow Jones Industrial Average closed up 1.06 points, or 0.01%, to 12381.11. The Nasdaq Composite shed 8.91, or 0.32%, to 2771.51. The Standard & Poor's 500-stock index slipped 3.71, or 0.28%, to 1324.46. The mixed activity came as investors looked ahead to the first-quarter earnings season, which kicked off unofficially Monday afternoon with Alcoa's report after the market close. Shares of the aluminum giant fell 15 cents, or 0.8%, to $17.77, prior to the company's release. Investors are generally expecting first-quarter earnings to come in strong, but they are concerned about the impact of rising food and energy prices. "There's some trepidation at this point in time," said Tim Evnin, partner and equity portfolio manager at Evercore Wealth Management. "The market is obviously up nicely on the year already and obviously up tremendously from its lows ... you continue to need strong earnings to support the markets here."

Monday's Closing Dow Numbers:

AT&T T $30.66 -0.05 0.16% 22,745,551 NYSE
Alcoa AA $17.77 -0.15 0.84% 40,804,250 NYSE
Amex AXP $46.38 +0.10 0.22% 5,755,500 NYSE
Bank of America BAC $13.49 +0.01 0.07% 62,856,988 NYSE
Boeing BA $73.76 +0.29 0.39% 2,690,819 NYSE
Caterpillar CAT $109.07 -0.75 0.68% 4,996,059 NYSE
Chevron CVX $107.78 -1.88 1.71% 6,511,328 NYSE
CSCO $17.47 -0.18 1.02% 56,201,261 NASDAQ-GS
Coke KO $67.4 +0.13 0.19% 7,326,798 NYSE
DIS $41.89 +0.13 0.31% 6,880,908 NYSE
DuPont DD $54.85 -0.55 0.99% 3,545,828 NYSE
Exxon XOM $85.16 -0.79 0.92% 12,829,997 NYSE
GE $20.18 -0.01 0.05% 29,175,443 NYSE
Hewlett-Packard HPQ $41.05 +0.35 0.86% 12,803,036 NYSE
Home Depot HD $37.6 +0.14 0.37% 7,034,873 NYSE
Intel INTC $20.12 +0.10 0.5% 42,793,166 NASDAQ-GS
IBM $163.95 -0.10 0.06% 4,137,457 NYSE
JPMorgan JPM $46.86 +0.02 0.04% 25,555,849 NYSE
JNJ $59.86 +0.40 0.67% 9,820,871 NYSE
KFT $32.03 +0.36 1.14% 8,585,533 NYSE
MCD $76.25 +0.21 0.28% 3,940,875 NYSE
MRK $33.59 -0.08 0.24% 11,180,574 NYSE
MSFT $25.98 -0.09 0.35% 34,008,063 NASDAQ-GS
Pfizer PFE $20.67 +0.21 1.03% 37,401,671 NYSE
Procter & Gam PG $62.19 +0.29 0.47% 7,619,752 NYSE
3M MMM $93.8 +0.58 0.62% 3,214,191 NYSE
Travelers TRV $60.42 +0.84 1.41% 3,641,513 NYSE
United Tech UTX $84.98 +0.17 0.2% 2,404,972 NYSE
Verizon VZ $37.85 +0.13 0.34% 11,888,656 DualListed
WMT $52.82 +0.28 0.53% 7,459,916 NYSE




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The following are excerpts from Monday morning's Blog.

A read of Monday's Barron's, Wall Street Journal, Financial Times, New York Times, Investor's Business Daily, 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 Friday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 12,380.05 down 29.44 points or 0.24% from Thursday's close of 12,409.49. For the week the Dow is up 3.33 points or 0.026% from last Friday's close of 12,376.72. For the year the Dow is up %. Of the 30 Dow components 8 gained and 22 declined. The biggest gainer dollar-wise dollar wise was Chevron CVX $109.66 +0.72 0.66% 6,732,737 NYSE and percentage-wise was Merck MRK $33.67 +0.34 1.02% 18,380,947 NYSE. The biggest decliner dollar-wise was Boeing BA $73.47 -0.82 1.1% 3,099,484 NYSE and percentage-wise was Cisco CSCO $17.65 -0.26 1.45% 82,647,244 NASDAQ-GS.

Inv. Bus. Daily pA1 "Indexes fall in slow trade, but gold stocks perk up" by Paul Whitfield says stocks retreated Fri, but volume remained sluggest as the current outlook remains in a confirmed uptend.

Friday's Dow Jones Industrial Average closing numerator was 1,635.77 down 3.91 from Thursday's closing numerator of 1,639.66. 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 $54.53 down $0.13 from yesterday's average closing price of $54.66. The median closing price of Thursday's Dow Jones Industrial Average was $46.56 (JPM/AXP) down 0.22 from Thursday's median closing price of $46.78. The lowest volume was Travelers TRV $59.58 -0.21 0.35% 1,924,142 NYSE and the highest volume was again Bank of America BAC $13.48 -0.13 0.96% 86,948,194 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 lost $391 ($163,966 - 163,,).

MarketWatch Friday 4/8/11 4:58 by Kate Gibson says U.S. stocks fell Friday after crude-oil prices surged above $112 a barrel and as budget talks to avoid a government shutdown faced a midnight deadline. The price of oil shows no sign of letting up. Also, how will a potential government shutdown affect the strength of the U.S. dollar? Budget negotiations on Capitol Hill weighed on Wall Street, with the political parties still at odds over spending just hours from what could be the first U.S. government closure in 15 years. “Nobody expects this to last a long time, but the divide between Republicans and Democrats is extremely large, especially if you include the Tea Party,” analyst Hugh Johnson said of the partisan battle. Caution on Friday was partially attributable to the coming earnings season.
“Part of the story is everybody’s waiting in great anticipation of the earnings season, which effectively starts Monday and gets on a real roll a week from Monday,” said Johnson, chairman of Hugh Johnson Advisors. The Dow Jones Industrial Average (DJIA 12,380, -29.59, -0.24%) fell 29.44 points, or 0.24%, to 12,380.05. But the loss wasn’t enough to tip the index lower for the week. It pushed out a tiny gain of 0.03%. Off 0.3% for the week, the Standard & Poor’s 500 Index (SPX 1,328, -5.34, -0.40%) closed 5.34 points, or 0.4%, lower at 1,328.17, with financials the greatest laggard and energy up the most among the benchmark’s 10 industry groups.
The Nasdaq Composite Index (COMP 2,780, -15.72, -0.56%) fell 15.72 points, or 0.56%, to 2,780.42, down 0.3% from last Friday’s finish. For every stock rising, more than two fell on the New York Stock Exchange, where more than 800 million shares traded by 4 p.m. Eastern. Corporate results should help investors gauge the overall earnings impact of events in the Middle East, North Africa and Japan.
“We’ve already received hints that earnings will be impacted, energy companies will benefit and airlines will be penalized by the rise in oil prices,” Johnson said.
On Friday, crude-oil futures for May delivery (CLK11 113.11, +2.81, +2.55%) rose $2.49 to finish at $112.79 a barrel on the New York Mercantile Exchange. Higher fuel prices constitute an energy tax on consumers and corporations, with the price tag not insignificant, said Johnson, who calculates oil’s spike from $83 to $108 a barrel would cost an added $152.2 billion over a year’s time. Johnson came to the figure by multiplying the price rise by the 18.8 million in barrels consumed by the U.S. each day, times the number of days in the year to reach his estimate. Among stocks on the move, Expedia Inc.’s (EXPE 25.30, +2.90, +12.95%) shares rose 13% a day after the online travel company said it would split into two companies. On Friday, the Justice Department approved search giant Google Inc.’s (GOOG 577.90, -0.26, -0.05%) purchase of ticketing-software firm ITA Software as long as ITA’s products remained available to Google’s competitors. Expedia and Microsoft Corp. (MSFT 26.05, -0.02, -0.08%) were among the companies that objected to Google’s planned $700 million acquisition of ITA.

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

AT&T T $30.71 +0.17 0.56% 26,134,701 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Alcoa AA $17.92 -0.20 1.1% 29,222,779 NYSE: WSJ pC1 "Has Alcoa picked up aluminum's shine" by Robert Matthews, WSJ pB2 "Happening this week", Barron's p15 "Week preview" says Alcoa will report results on 4/11, Mon, the unofficial start of 1Q earnings season and same day Chevron gives an interim updated. On Wed Barclays sees JPMorgan posting EPS of $1.23 a share on higher than forecast investment banking fees & lower mortgage buyback costs.

American Express AXP $46.28 +0.12 0.26% 5,295,057 NYSE: WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Boeing BA $73.47 -0.82 1.1% 3,099,484 NYSE: Barron's "Week review" p14 "Safety review ordered" says last week the FAA ordered a review of rules to spot metal fatigue in older aircraft and a Boeing 737 ruptured at SW Airlines.

Bank of America BAC $13.48 -0.13 0.96% 86,948,194 NYSE: No mentions found.

Caterpillar CAT $109.82 -0.03 0.03% 5,393,135 NYSE: Inv. Bus. Daily pA2 Caerpillar in Chinese venture says CAT will be in a jv with Shaanx Fasta Auto Drive to build drivetrains and other components with CAT owning 45%. Caterpillar has 8,000 employees in China.

Chevron CVX $109.66 +0.72 0.66% 6,732,737 NYSE: WSJ pB3 "Shell buys Australian LNG stake" by Ross Kelly says Royal Dutch Shell will buy a 6.4% stake in the proposed Wheatstone natural gas export facility on Australia's nw coast from Chevron bolstering its investment in fast growing Asian energy demand and Shell will also take an 8% interest in the Wheatstone & Iago gas fields operated by Chevron that will supply the Wheatstone lng terminal, scheduled to ship its first LNG cargo from W Australia state to customers in Japan 7 S. Korea in '16. Deal was announced on Sun but terms of the deal weren't disclosed.

Barron's p15 "Week preview" says Alcoa will report results on 4/11, Mon, the unofficial start of 1Q earnings season and same day Chevron gives an interim updated. On Wed Barclays sees JPMorgan posting EPS of $1.23 a share on higher than forecast investment banking fees & lower mortgage buyback costs.

Cisco CSCO $17.65 -0.26 1.45% 82,647,244 NASDAQ-GS: Barron's p27 "Putting Cisco on the road to recovery" by Tiernan Ray says Cisco has to get back to its roots as its shares have languished badly trading at 12 times forward earnings. Cisco should sell off the consumer businesses which is 10% of all its sales. They don't make sense for a firm whose main bis is a computer switching & other networking functions. Cisco has 70% of the total switch market although Hewlett-Packard is a threat. Microsoft and Intel have found that it is hard to repeat their success in a single market, such a computer networking in other markets.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Coke KO $67.27 -0.17 0.25% 5,597,331 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Disney DIS $41.76 -0.28 0.67% 7,269,707 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.Fin Times p10 "Mickey Mouse sets out on Shanghai Disneyland venture, Inv. Bus Daily pA2 "Disney building Shanghai park", say the $3.7 bil park will be completed in 5 years & is meant as an anchor for an international tourism resort zone.

DuPont DD $55.4 -0.17 0.31% 2,723,499 NYSE: No mentions found.

Exxon XOM $85.95 +0.19 0.22% 15,938,556 NYSE:

GE $20.19 -0.16 0.79% 48,459,604 NYSE: WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Hewlett-Packard HPQ $40.7 -0.38 0.93% 13,262,007 NYSE: WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Barron's p38 "Mailbag" is a letter from Will Wohl, Chief Communications Officer for HPQ saying HPQ has made big strides recently to strengthen its standards of corp. governance.

Home Depot HD $37.46 -0.37 0.98% 9,845,559 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Intel INTC $20.02 -0.01 0.05% 46,407,855 NASDAQ-GS: NYT pB5 "Intel, ont he outside, takes aim at Smartphones" by Laurie Flynn says the days of "Intel Inside" stickers on all PCs are gone as now the insides are made by firms like Qualcomm, Mvidia & Marvell so now the fight is turning to making what's inside the smartphones. Intel will have an Intel powered smartphone on the market before the year is out per Inte'ls CEO, Paul Otellini.

WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's pM15 "Research reports" says Roth has a report on Intel as a Buys aying INTC stock will outperform and rev growthis likely to accelerate just from the PC market.

Barron's p27 "Putting Cisco on the road to recovery" by Tiernan Ray says Cisco has to get back to its roots as its shares have languished badly trading at 12 times forward earnings. Cisco should sell off the consumer businesses which is 10% of all its sales. They don't make sense for a firm whose main bis is a computer switching & other networking functions. Cisco has 70% of the total switch market although Hewlett-Packard is a threat. Microsoft and Intel have found that it is hard to repeat their success in a single market, such a computer networking in other markets.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

IBM $164.05 -0.33 0.2% 3,321,544 NYSE: No mentions found.

JPMorgan JPM $46.84 -0.56 1.18% 23,606,689 NYSE: NYT pB1 "JPMorgan accused of faling a duty" by Louise Story says a class action lawsuit has been filed against JPMorgan saying it made $1.9 bil from a troubled investment vehicle called Sigma, based in London but clients lost $500 after Sigma failied.

WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's p15 "Week preview" says Alcoa will report results on 4/11, Mon, the unofficial start of 1Q earnings season and same day Chevron gives an interim updated. On Wed Barclays sees JPMorgan posting EPS of $1.23 a share on higher than forecast investment banking fees & lower mortgage buyback costs.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Johnson & Johnson JNJ $59.46 -0.02 0.03% 7,855,138 NYSE: WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's p14 "In Brief", Fin Times p10 "J&J to pay US regulators $70 mil" by Andrew Jack, Inv. Bus Daily "In Brief", WSJ pB4 "J&J settlement in bribery case" by Peter Loftus, Sat. NYT pB3 "Johnson & Johnson settles bribery complaint for $70 Mil in fines" by Gardiner Harris says a wide-ranging gov investigation of corrupt overseas marketing practices scored its first victory Fri when Johnson & Johnson admitted bribing European doctors and agreed to pay $70 mil in civil and criminal fines.

Kraft KFT $31.67 -0.11 0.35% 7,841,336 NYSE: No mentions found.

McDonald's MCD $76.04 +0.03 0.04% 3,693,135 NYSE: No mentions found.

Merck MRK $33.67 +0.34 1.02% 18,380,947 NYSE: No mentions found.

Microsoft MSFT $26.07 -0.13 0.5% 39,869,383 NASDAQ-GS: Barron's p27 "Putting Cisco on the road to recovery" by Tiernan Ray says Cisco has to get back to its roots as its shares have languished badly trading at 12 times forward earnings. Cisco should sell off the consumer businesses which is 10% of all its sales. They don't make sense for a firm whose main bis is a computer switching & other networking functions. Cisco has 70% of the total switch market although Hewlett-Packard is a threat. Microsoft and Intel have found that it is hard to repeat their success in a single market, such a computer networking in other markets.

Pfizer PFE $20.46 +0.13 0.64% 35,009,963 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Procter & Gamble PG $61.9 -0.23 0.37% 7,274,255 NYSE: WSJ pB9 "Search is on for fresh exec talent" profiles 12 up & coming execs including Dave Donattli, evp Hewlett-Packard, John Rice Vice Chair of GE, Ed Gillligan vice chair of Amex, Sheri McCoy vice chair of Johnson & Johnson, Dave DeWalt, Pres of McAfeeunit of Intel, Charles Scharf, head of retail banking at JPMorgan & Ed Shirley, vice chair of Procter & Gamble.

Barron's pM3 "The trader' by Kopin Tan says mergers help put a floor beneath stock prices and three deals were announced last week including P&G's sale of Pringles to Diamond Foods.

3M MMM $93.22 +0.03 0.03% 2,464,098 NYSE: Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

Travelers TRV $59.58 -0.21 0.35% 1,924,142 NYSE: No mentions found.

United Technologies UTX $84.81 -0.55 0.64% 2,549,523 NYSE: No mentions found.

Verizon VZ $37.72 -0.04 0.11% 9,316,493 Dual Listed: No mentions found.

Walmart WMT $52.54 -0.46 0.87% 9,713,155 NYSE: WSJ pB3 "Walmart touts products restored to tis shelves" by Miguel Bustillo says Walmart will start a campaign next month called "it's Back" to tell more customers it is restoring merchandise it removed from store shelves in a flubbed renovation efforts such as fishing tackle, bolts of fabric.

Barron's p36 "Speaking of Dividends" by Shriley Lazo says 6 of the Dow hiked their dividends in the 1Q: Coke, Hewlett-Packard, Home Depot, JPMorgan & Walmart and Cisco declared its first. AT&T, Disney, GE, Intel & Pfizer paid higher dividends, too but those had been declared in 4Q.

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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 as of 3/21/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $401 [5]
2. Procter & Gamble PG 243 [4]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 207 [2]
5. GE 204 [10.5]
6. IBM 190 [1]
7. WalMart WMT 184 [3.5]
8. JPMorgan Chase JPM 182 [4]
9. AT&T T 165 [6]
10. Pfizer PFE 161 [8]
11. Johnson & Johnson JNJ 160 [3]
12. Coke KO 144 [2.5]
13. Bank of America BAC 142 [10]
14. Intel INTC 111 [5.5]
15. Verizon VZ 101 [3]
16. Merck MRK 98 [3]
17. Cisco CSCO 95 [5.5]
18. Hewlett-Packard HPQ 89 [2]
19. Disney DIS 78 [2]
20. McDonald's MCD 76 [1]
21. United Technologies UTX 74 [1]
22. Caterpillar CAT 67 [.5]
23. 3M MMM 63 [.5]
24. Home Depot HD 59 [1.5]
25. Kraft KFT 54 [2]
26. American Express AXP 53 [1]
27. Boeing BA 51 [1]
28. DuPont DD 49 [1]
29. Travelers TRV 25 [.5]
30. Alcoa AA 17 [1]

Here are the latest 8K, 10Q & 10K & Proxy SEC filings as of 3/21/11:

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

AT&T T: 3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark
3/7/11 8K re; departure of Richard G. Lindner as CFO to be replaced by John T. Stephens
3/1/11 10K re: Fiscal year ended 12/31/10

Alcoa AA: 3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA
2/17/11 10K re: Fiscal year ended 12/31/10
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

American Express AXP: 3/18/11 8K re: Reg. FD disclosures re: its Comprehensive Capital Plan re: share repurchases & dividends
3/15/11 8K re: delinquency & write-off statistics for 3 months ended 2/28/11
3/4/11 Prelim Proxy Statement re: Shareholder Meeting to be held 5/2/11 in NYC
2/2811 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: delinquency & write0off statistics for 3 months ended 1/31/11
1/18/11 8K re: comp to CEO Chanault

Bank of Am BAC: 3/17/11 8K re: issuance of $1.5 bil of 3.625% of Senior Notes due 2016
3/16/11 8K re: election of Mukesh D. Ambani to Board of Directors & Compensation & Benefit Committee & Audit Committee
1/31/11 8K re: compensation of officers
1/21/11 8K re: 4Q & FY 2010 results

Boeing BA: 3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago
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

Caterpiller CAT: 3/8/11 8K re: price changes of products
3/18/11 8K re: Reg FD disclosures re: 3 months dealer statistics
2/22/11 10K re: Fiscal year ended 12/31/10
2/18/11 8K re: dealer statistics for January

Chevron CVX:
2/24/11 10K re: Fiscal year ended 12/31/10
2/1/11 8K re: compensation to officers including CEO John Watson

Cisco CSCO 3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20
3/16 & 3/15 8Ks re: issuance of debt securities
3/9/11 8K re: recasting of fin'l stmts due to combining Asia Pacific & Japan operations
2/23/11 8K re: election of Gary B. Moore as COO
2/23/11 10Q re: Quarter ended 1/29/11

Coke KO 3/10/11 Proxy Statement re: Annual Meeting of Shareholders to be held 4/27/11 in Atlanta
2/28/11 10K re: Fiscal year ended 12/31/10
2/17/11 8K re: election of Evan G. Greenberg to Board of Directors & Audit Comm.
2/17/11 8K re: Amendment of Stock Option Plan

Disney DIS 3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.
3/2/11 Proxy Materials re: shareholder proposal re: exec compensation
2/25/11 8K re: $2.25 bil 4 year Credit Agreement
2/8/11 10Q & 2/8/11 8K re: 1Q results
1/28/11 Proxy statement for annual shareholder meeting to be held 3/23/11 at Salt Lake City, Utah

DuPont DD: 3/18/11 Proxy re: Annual Stockholders Meeting to be held on 4/27/11 in Wilmington, DE
3/8/11 8K re: retirement of Samuel W. Bodman & John T. Dillon from Board of Directors due to reaching age 72
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: 3/15/11 8K re: results of operations presentation at analyst meeting
2/28 10K/A & 2/25 10K re: Fiscal year ended 12/31/10
2/15/11 8K re: FD Disclosure re: worldwide proved oil and gas reserve

GE: 3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah
2/25/11 10K re: Fiscal year ended 12/31/10
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

Hewlett-Packard HPQ: 3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.
3/11/11 & *k 2/22/11 re: Quarter ended 1/31/11
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

Home Depot HD: 3/2/11 8K re: approval of Stock Option Plan
2/22/11 8K re: fin'l results of fiscal year & quarter ended 1/30/11
1/12/11 8K re: promotion of Aaron Carmack as Pres. of Home Depot Canada

Intel INTC: 2/28/11 8K re: completion of acquisition of McAfee
2/28/11 10K re: Fiscal year ended 12/25/10

IBM: 3/18/11 8K re: settlement with SEC of bribery charges in Asia for $10 mil
3/8/11 8K re: FD disclosure re: presentation at investor briefing
3/7/11 Proxy rel Annual Stockholders Meeting on 4/26 in St. Louis, Mo.
2/22/11 10K re: Fiscal year ended 12/31/10

JPMorganChase JPM: 2/28/11 10K re: fiscal year ended 12/31/10
2/24/11 8K re: clsoing of public offering of $3 bil of 3.45% Notes due 2016

Johnson & Johnson JNJ : 3/16/11 Proxy re: Annual Shareholders Meeting on 4/28 in New Brunswick, NJ
3/10/11 8K re: Entering into a consent decree with the FDA regarding its oversight of JNJ's McNeil Unit plants in Puerto Rico and Pennslyvania
2/25/11 10 K e: fiscal year ended 1/2/11

Kraft KFT: 3/14/11 8K re: departure of CFO timothy R. McLevish to be replaced by David A. Brearton
2/28/11 10K re: Fiscal year ended 12/31/10
2/22/11 8K re: FD disclosure re: presentation at Consumer Analyst Group of NY

McDonalds MCD: 3/9/11 8K re: FD disclosure re: comparable sales rising 3.9% in Feb.
3/3/11 Proxy re: Annual Meeting of Shareholders on 5/19/11 at Oak Brook, Ill.
2/25/11 10K re: fiscal year ended 12/31/10
2/8/11 8K re: Jan 2011 global sales

Merck MRK: 2/28/11 10K re: Fiscal year ended 12/31/10

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

Pfizer PFE: 2/28/11 10K re: fiscal year ended 12/31/10

Procter & Gamble PG: 3/1/11 8K re: resignation of Rajat KJ. Gupta from Board of Directors
2/11/11 8K re: election of Meg Whitman to Board of Directors

3M MMM: 3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline
2/16/11 10K re: Fiscal year ended 12/31/10
2/16/11 & 2/15/11 four 8Ks re: adoption by four executives of pre-arranged trading programs

Travelers TRV: 2/17/11 10K re: Fiscal year ended 12/31/10
1/28/11 8K re: departure of Blythe McGarvie from Board
1/25/11 8K results of 4Q

United Technologies UTX: 2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ
2/10/11 10K for FY 12/31/10

Verizon Communications Inc. VZ: 3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)
2/28/11 10K re: fiscal year ended 12/31/10
2/3/11 8K re: increase to stock repurchase program

WalMart WMT: 2/22/11 8K re: revising fin'l info for prior operating results