4/19/11 Tues pm Dow Closes at 12,266.75 up 65.16 or 0.53%

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Post No. 976 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 Tuesday at 12,266.75 up65.16 or 0.53% from Monday's close of 12,201.59. Of the 30 Dow components 20 gained, AT&T was unchanged and 9 declined. The biggest gainer dollar-wise and percentage-wise was Johnson & Johnson JNJ $62.69 +2.23 3.69% 26,083,137 NYSE. The biggest decliner dollar-wise and percentage-wise was Travelers TRV $58.18 -0.83 1.41% 3,250,400 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.71 down from Monday's trailing P/E of 14.86 (year ago it was 17.24); the P/E estimate is 12.65 unchanged from Friday's P/E estimate of 12.65 (year ago it was 14.00), and the dividend yield is 2.41 up from Monday's dividend yield of 2.38 (last year it was 2.46). 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 1,620.80 up 8.61 from Monday's closing numerator of 1,612.19. 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 $54.03 up 0.30 from Monday's average closing price of $53.73. The median closing price of Tuesday's Dow Jones Industrial Average was $45.65 (AXP/JPM) up 0.64 from Monday's median closing price of $45.01. The lowest volume was 3M MMM $91.86 +0.41 0.45% 2,435,097 NYSE and the highest volume was again Bank of America BAC $12.34 -0.08 0.64% 182,112,057 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 $861 ($162,080 - $161,219).

MarketWatch Tuesday 4/19/1 5:19 pm by Kate Gibson says U.S. stocks closed moderately higher Tuesday after better-than-forecast earnings from Dow component Johnson & Johnson and ahead of reports from blue-chip technology giants International Business Machines Corp. and Intel Corp.
The Dow Jones Industrial Average ended up 65.16 points, or 0.5%, to 12,266.75, with 20 of its 30 components notching gains. It was a partial recovery from the prior session, during which the average lost 140 points after Standard & Poor’s lowered its outlook on long-term U.S. sovereign credit. Johnson & Johnson shares led Dow gainers with a 3.7% rise, advancing after the health-care company’s results topped analysts’ expectations with first-quarter sales and adjusted profit; J&J’s management also raised its 2011 earnings forecast. That outlook and anticipation of results from tech bellwethers due after the close of regular trading helped Wall Street recover some lost ground.
“This is an earnings-driven market at this point, and some of the commentary out of the companies isn’t as bad as we expected, and forecasts going forward are reasonable,” said Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital. “IBM and Intel for the tech sector will give us some clarity tonight,” said Forrest of the results expected after the close. IBM is a “superbellwether,” in that its businesses include hardware, software and related services, she added. Results issued over the past week have been patchy. Late Monday, chip manufacturer Texas Instruments Inc. / warned of slower-than-usual quarterly sales growth. “Japan continues to be an issue for companies like Texas Instruments that sell a lot of their products there,” according to Forrest. But Japan’s economy impacts other sectors, “like automotive and other export-oriented goods. People may have anticipated Japan Inc. to have shut down, and it really hasn’t, and that is giving people some hope for the second half,” she said. The Nasdaq Composite Index gained 9.59 points, or 0.4%, to 2,744.97. Johnson & Johnson's first-quarter earnings declined 23% from a year-earlier period that was boosted by a litigation gain, while a series of product recalls continued to hamper sales growth. The S&P 500 Index SPX +0.57% rose 7.48 points, or 0.6%, to 1,312.62, with materials up the most. Telecommunications was the only sector among 10 to drop. Buoying materials stocks, steel makers U.S. Steel Corp. and AK Steel Holding Corp. AKS -0.50% gained more than 4% each after Steel Dynamics Inc. reported a surge in profit, thanks in part to rising prices for the metal. Read more on Steel Dynamics, rally in steel stocks. Zions Bancorp shares climbed 3.9% after the regional bank reported a profitable first quarter compared with a year-ago loss. Harley Davidson Inc. shares fell 5.3% after the motorcycle maker missed analysts’ estimates in reporting a near-tripling of quarterly income. Goldman Sachs Group Inc. also reported earnings that surpassed estimates, with the investment bank tallying a 21% decline in first-quarter profit, a drop less than analysts had expected. Read more on Goldman’s drop in quarterly earnings after payment of preferred dividends. Advancers outpaced decliners by almost 2 to 1 on the New York Stock Exchange, where 848 million shares traded hands, or 90% of the past month’s volume. Oil prices turned higher, with crude futures for May delivery rising $1.03 to end at $108.15 a barrel on the New York Mercantile Exchange. Nearly two years into the economic recovery, the Commerce Department reported builders broke new ground on a seasonally adjusted 549,000 units in March, with the highest count in six months for housing starts topping expectations. PulteGroup Inc. shares gained 5.1%, making the home builder’s stock the second-best performer on the S&P 500.
Noting that stock-index futures added to their gains after the government’s housing report, which came an hour ahead of Wall Street’s start, one analyst found reason to be wary in the data. “House prices are in the process of double-dipping and banks are on the cusp of another round of mortgage write-downs, and the last thing we need are brand-new homes,” wrote Peter Boockvar, managing director at Miller Tabak, in an emailed note. Wall Street on Monday came under steep selling pressure after a credit-rating warning on U.S. debt followed a move by China to hike its bank-reserve requirements and increased concern about European debt. Making the morning rounds on the major business networks Tuesday, Treasury Secretary Timothy Geithner dismissed the notion that the nation’s triple-A credit rating might be in jeopardy, saying both political parties agree on the need for reform to bring down long-term debt.

Tuesday's Closing Dow Numbers:

At&t T $30.31 unch unch 23,748,781 NYSE
Alcoa AA $16.44 +0.31 1.92% 23,755,188 NYSE
Amex AXP $46.64 +0.58 1.26% 7,586,940 NYSE
Bank of America BAC $12.34 -0.08 0.64% 182,112,057 NYSE
Boeing BA $73.15 +0.36 0.49% 4,353,043 NYSE
Caterpillar CAT $106.1 +2.20 2.12% 7,152,997 NYSE
Chevron CVX $105.4 +0.90 0.86% 4,995,765 NYSE
CSCO $16.61 -0.12 0.72% 76,250,943 NASDAQ-GS
Coke KO $67.0899 -0.2201 0.33% 5,348,676 NYSE
Disney DIS $41.35 +0.15 0.36% 6,907,384 NYSE
DuPont DD $54.67 +0.87 1.62% 4,166,506 NYSE
Exxon XOM $83.8 +0.70 0.84% 12,779,349 NYSE
GE $20.2699 +0.2899 1.45% 63,468,037 NYSE
Hewlett-Packard HPQ $39.9901 +0.2401 0.6% 13,487,492 NYSE
Home Depot HD $37.77 +0.01 0.03% 6,977,938 NYSE
Intel INTC $19.86 +0.24 1.22% 78,339,332 NASDAQ-GS
IBM $165.4 -0.54 0.33% 6,306,510 NYSE
JPMorgan JPM $44.6501 +0.6901 1.57% 26,697,102 NYSE
Johnson & Johnson JNJ $62.69 +2.23 3.69% 26,083,137 NYSE
KFT $33.4 +0.18 0.54% 9,922,671 NYSE
McDonalds MCD $76.5999 -0.4001 0.52% 4,816,218 NYSE
Merck MRK $33.7499 -0.1801 0.53% 15,177,714 NYSE
MSFT $25.15 +0.07 0.28% 38,819,380 NASDAQ-GS
Pfizer PFE $20.53 +0.13 0.64% 33,034,083 NYSE
Procter & Gamble PG $63.86 -0.14 0.22% 9,286,389 NYSE
3M MMM $91.86 +0.41 0.45% 2,435,097 NYSE
Travelers TRV $58.18 -0.83 1.41% 3,250,400 NYSE
United Technologies UTX $82.36 +0.66 0.81% 3,410,862 NYSE
Verizon VZ $37.24 -0.07 0.19% 10,442,655 DualListed
Walmart WMT $53.35 +0.04 0.08% 6,108,788 NYSE




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The following are excerpts from Tuesday morning's Blog.

A read of the print editions of Tuesday's Wall Street Journal, Financial Times, New York Times, USA Today, Investor's Business Daily, Atlanta Journal Constitution & Daily Report (Georgia -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 Monday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Monday at 12,201.59 down 140.24 or 1.14% from Friday's close of 12,341.83. For the year the Dow is up 5.39%. Of the 30 Dow components only Boeing gained and 29 declined. The only gainer dollar-wise and percentage-wise was Boeing BA $72.8 +0.20 0.28% 5,938,767 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $103.88 -3.33 3.11% 10,810,285 NYSE.

WSJ pC1 "Dow sinks 140 points, worst fall in month" by Brendan Conway says stocks recorded their biggest decline in more than a month, after a warning on the US's credit rating highlighted worries about the nation's debt load. The Dow had its biggest point & percentage drop since mid-March. Gold soared to a record to $1,492.30 & oil prices fell. S&P cut its outlook on US gov debt to negative from stable citing a risk that policy makers may not agree on budgetary restrictions by '13. Among Dow stocks, Bank of America and Caterpillar each fell 3.1%.

WSJ p22 "Wider downward trend hits J&J afe early gains on takeover talk" by Michael Stothard says Johnson & Johnson shares were in focus after Sythes confirmed it was in takeover talks with JNJ, while the wider markets tumbled after S&P lowered its outlook on US sovereign debt. Among the worst performing stocks were Caterpillar, the world's largest earthmoving equipment maker by rev, which lost 3.1% & Bank of America which fell 3.1%.

NYT pA1 "Wall St sends warning to US on debt levels" by Chris Hauser says S&P lowered its outlook on the US rating to negative, the first time since the S&P started assigning outlooks in '89 that the country was given an outlook that was other than stable. This caused the markets to turn sharply lower.

Inv. Bus. Daily pA1 "Stocks take a beating, but end off worst levels" by Vincent Mao says stocks fell sharply Mon but managed to shave a good chunk of their intraday losses. Action was that the stocks fell in mixed trade. The current outlook is still uptrend under pressure.

USA Today p1B "Could US default on its debt" by John Waggoner says the Dow ;lunged after S&P warned Mon that the US's AAA credit rating could fall if legislators don't take action on the nation's $9.7 trillion debt.

USA Today p4B "Stocks plunge on S&P US debt outlook" by Bloomberg says Caterpillar lost $3.31, Alcoa lost 39 cents amid a broad decline by Dow stocks. Of the 30 Dow stocks, only Boeing ended higher rising 19 cents.

Monday's Dow Jones Industrial Average closing numerator was 1,612.19 down 18.53 from Friday's closing numerator of 1,630.72. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $53.73 down 0.63 from Friday's average closing price of $54.36. The median closing price of Monday's Dow Jones Industrial Average was $45.01 (AXP/JPM) down 0.04 from Friday's median closing price of $45.05. The lowest volume was United Technologies UTX $81.7 -1.75 2.1% 5,307,267 NYSE and the highest volume was again Bank of America BAC $12.4 -0.42 3.28% 244,383,243 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 lost $1,853 ($163,022 - $161,169).

MarketWatch Monday 4/18/1 4:12 pm by Laura Mandaro says U.S. stocks ended broadly lower Monday on worries over the prospects for U.S. borrowings after Standard & Poor's cut its outlook on the U.S. to negative. The major indexes recovered from the day's lows, however. The Dow Jones Industrial Average DJIA -1.14% ended down 140.24 points, or 1.1%, at 12,201.59, its worst one-day drop since March 16, in the aftermath of Japan's quake and tsunami. It had fallen more than 240 points earlier. The S&P 500 SPX fell 14.54 points, or 1.1%, to 1,305.14, with energy leading declines across all 10 industry sectors. The Nasdaq Composite fell 29.27 points, or 1.1%, to 2,735.38.

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

AT&T T $30.31 -0.34 1.11% 19,969,086 NYSE: No mentions found.

Alcoa AA $16.1401 -0.3799 2.3% 34,194,877 NYSE: USA Today p4B "Stocks plunge on S&P US debt outlook" by Bloomberg says Caterpillar lost $3.31, Alcoa lost 39 cents amid a broad decline by Dow stocks. Of the 30 Dow stocks, only Boeing ended higher rising 19 cents.

American Express AXP $46.07 -0.18 0.39% 6,537,267 NYSE: No mentions found.

Boeing BA $72.8 +0.20 0.28% 5,938,767 NYSE: USA Today p4B "Stocks plunge on S&P US debt outlook" by Bloomberg says Caterpillar lost $3.31, Alcoa lost 39 cents amid a broad decline by Dow stocks. Of the 30 Dow stocks, only Boeing ended higher rising 19 cents.

Bank of America BAC $12.4 -0.42 3.28% 244,383,243 NYSE: WSJ pC3 "Citi struggles to return to growth" by Randall Smith says Citigroup's net profit fell 32% to $3 bil and rev was lower by 22%. Loan growth, which can boost earnings was down at Citigroup, JPMorgan and Bank of America.

WSJ pC1 "Dow sinks 140 points, worst fall in month" by Brendan Conway says stocks recorded their biggest decline in more than a month, after a warning on the US's credit rating highlighted worries about the nation's debt load. The Dow had its biggest point & percentage drop since mid-March. Gold soared to a record to $1,492.30 & oil prices fell. S&P cut its outlook on US gov debt to negative from stable citing a risk that policy makers may not agree on budgetary restrictions by '13. Among Dow stocks, Bank of America and Caterpillar each fell 3.1%.

Caterpillar CAT $103.88 -3.33 3.11% 10,810,285 NYSE: WSJ pC1 "Dow sinks 140 points, worst fall in month" by Brendan Conway says stocks recorded their biggest decline in more than a month, after a warning on the US's credit rating highlighted worries about the nation's debt load. The Dow had its biggest point & percentage drop since mid-March. Gold soared to a record to $1,492.30 & oil prices fell. S&P cut its outlook on US gov debt to negative from stable citing a risk that policy makers may not agree on budgetary restrictions by '13. Among Dow stocks, Bank of America and Caterpillar each fell 3.1%. Caterpillar is charted under Bad News saying S&P's move to cut its outlook on the US hurt industrials & materials stocks.

WSJ pB1 "Big US firms shift hiring abroad" by David Wessel says US multinat'l corporations that employ a fifth of all US workers have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the US economy. US multinat'ls employed 21.1 mil people at home in '09 and 10.3 mil elsewhere. The trend highlights the rising importance of other economies, especially in Asia to big US businesses such as Ge, Caterpillar, Microsoft & Walmart.

WSJ p22 "Wider downward trend hits J&J afe early gains on takeover talk" by Michael Stothard says Johnson & Johnson shares were in focus after Sythes confirmed it was in takeover talks with JNJ, while the wider markets tumbled after S&P lowered its outlook on US sovereign debt. Among the worst performing stocks were Caterpillar, the world's largest earthmoving equipment maker by rev, which lost 3.1% & Bank of America which fell 3.1%.

USA Today p4B "Stocks plunge on S&P US debt outlook" by Bloomberg says Caterpillar lost $3.31, Alcoa lost 39 cents amid a broad decline by Dow stocks. Of the 30 Dow stocks, only Boeing ended higher rising 19 cents.

Chevron CVX $104.52 -1.72 1.62% 6,361,213 NYSE: No mentions found.

CSCO $16.73 -0.30 1.76% 85,391,995 NASDAQ-GS: No mentions found.

Coke KO $67.32 -0.69 1.01% 7,313,122 NYSE: No mentions found.

Disney DIS $41.22 -0.30 0.72% 9,385,787 NYSE: No mentions found.

duPont DD $53.845 -1.045 1.9% 4,705,773 NYSE: No mentions found.

Exxon XOM $83.16 -1.13 1.34% 13,426,871 NYSE: No mentions found.

GE $19.97 -0.07 0.35% 59,275,902 NYSE: WSJ pB1 "Big US firms shift hiring abroad" by David Wessel says US multinat'l corporations that employ a fifth of all US workers have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the US economy. US multinat'ls employed 21.1 mil people at home in '09 and 10.3 mil elsewhere. The trend highlights the rising importance of other economies, especially in Asia to big US businesses such as Ge, Caterpillar, Microsoft & Walmart.

Hewlett-Packard HPQ $39.7403 -0.5197 1.29% 17,012,028 NYSE: WSJ pB6 "Data center boom" by Ben Worthen says Hewlett-Packard, Dell and Microsoft are embracing a more efficient ways to build data centers, the warehouses of computers that power the Internet and that create the could by making prefab modules.

Home Depot HD $37.75 -0.42 1.1% 7,744,937 NYSE: No mentions found.

Intel INTC $19.62 -0.13 0.66% 45,655,256 NASDAQ-GS:

IBM $166.08 -0.13 0.08% 5,692,374 NYSE:

JPMorgan JPM $43.95 -0.94 2.09% 45,940,709 NYSE: WSJ pC3 "Citi struggles to return to growth" by Randall Smith says Citigroup's net profit fell 32% to $3 bil and rev was lower by 22%. Loan growth, which can boost earnings was down at Citigroup, JPMorgan and Bank of America.

Johnson & Johnson JNJ $60.4599 -0.1001 0.17% 19,253,871 NYSE: WSJ pC8 "J&J medical deal: a pain for industry" by Hester Plumridge says J&J's purchase of Swiss orthopedics specialist Sythes for $20 bil could impede competition in the medical device industry.

Fin Times p12 "J&J/Synthes, p17 "Synthes confirms discussions with J&J" by Haig Simonian, p17 "Deal could be just what doctor ordered" by Alan Rappeport says the deal wold be mildly accretive for J&J's earnings per share if financed mostly with cash.

WSJ p22 "Wider downward trend hits J&J afe early gains on takeover talk" by Michael Stothard says Johnson & Johnson shares were in focus after Sythes confirmed it was in takeover talks with JNJ, while the wider markets tumbled after S&P lowered its outlook on US sovereign debt. Among the worst performing stocks were Caterpillar, the world's largest earthmoving equipment maker by rev, which lost 3.1% & Bank of America which fell 3.1%.

Kraft KFT $33.24 -0.12 0.36% 13,358,995 NYSE: No mentions found.

McDonald's MCD $77.01 -0.37 0.48% 4,417,616 NYSE: No mentions found.

Merck MRK $33.97 -0.54 1.56% 16,613,498 NYSE: No mentions found.

Microsoft MSFT $25.08 -0.29 1.14% 57,074,925 NASDAQ-GS: NYT pB3 "Court hears Microsoft patent case" by Adam Litpak, USA Today p1B "Sup. Ct. hears Microsoft appeal", say the US. Supreme Court on Monday heart Microsoft's challenge to a $290 mil award against it in a patent infringement suit brought by the Canadian software firm, i4i Limited Partnership.

WSJ pB1 "Big US firms shift hiring abroad" by David Wessel says US multinat'l corporations that employ a fifth of all US workers have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the US economy. US multinat'ls employed 21.1 mil people at home in '09 and 10.3 mil elsewhere. The trend highlights the rising importance of other economies, especially in Asia to big US businesses such as Ge, Caterpillar, Microsoft & Walmart.

WSJ pB6 "Data center boom" by Ben Worthen says Hewlett-Packard, Dell and Microsoft are embracing a more efficient ways to build data centers, the warehouses of computers that power the Internet and that create the could by making prefab modules.

Pfizer PFE $20.39 -0.14 0.68% 38,608,162 NYSE: No mentions found.

Procter & Gamble PG $64 -0.18 0.28% 11,158,459 NYSE: No mentions found.

MMM $91.45 -1.37 1.48% 3,588,933 NYSE: No mentions found.

Travelers TRV $59.01 -0.79 1.32% 3,538,195 NYSE: No mentions found.

United Technologies UTX $81.7 -1.75 2.1% 5,307,267 NYSE: No mentions found.

Verizon VZ $37.31 -0.54 1.43% 12,139,419 DualListed: No mentions found.

Walmart WMT $53.31 -0.24 0.45% 9,455,830 NYSE: WSJ pB2 "Walmart's CEO earned $18.7 mil; to acquie Kosmix says CEO Michael Duke's comp dropped 2.7% to $18.7 mil for fy ended in Jan as Walmart's overall performance wasn't as strong as in the prior year. Walmart said it will buy Silicon Valley start-up Kosmix Corp. in a move to accelerate WMT'ssocial media & mobile commerce offerings on undisclosed terms. Koxmix filters and organizes content in social networks to connect people with real time info.

WSJ pB1 "Big US firms shift hiring abroad" by David Wessel says US multinat'l corporations that employ a fifth of all US workers have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the US economy. US multinat'ls employed 21.1 mil people at home in '09 and 10.3 mil elsewhere. The trend highlights the rising importance of other economies, especially in Asia to big US businesses such as Ge, Caterpillar, Microsoft & 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 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