4/8/11 Fri pm Dow Closes at 12,380.05 down 29.44 or 0.24%

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Post No. 958 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 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. 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.

As of the open of the market Friday, 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 15.08 down from Thursday's trailing P/E of 15.10 (year ago it was 17.04); the P/E estimate is 12.75 unchanged from yesterday's P/E estimate of 12.75 (year ago it was 14.00), and the dividend yield is 2.37 unchanged from yesterday's dividend yield of 2.37 (last year it was 2.50). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Friday's Dow Jones Industrial Average closing numerator was 1,635.77 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:

AT&T T $30.71 +0.17 0.56% 26,134,701 NYSE
Alcoa AA $17.92 -0.20 1.1% 29,222,779 NYSE
American Express AXP $46.28 +0.12 0.26% 5,295,057 NYSE
Boeing BA $73.47 -0.82 1.1% 3,099,484 NYSE
Bank of America BAC $13.48 -0.13 0.96% 86,948,194 NYSE
Caterpillar CAT $109.82 -0.03 0.03% 5,393,135 NYSE
Chevron CVX $109.66 +0.72 0.66% 6,732,737 NYSE
Cisco CSCO $17.65 -0.26 1.45% 82,647,244 NASDAQ-GS
Coke KO $67.27 -0.17 0.25% 5,597,331 NYSE
Disney DIS $41.76 -0.28 0.67% 7,269,707 NYSE
DuPont DD $55.4 -0.17 0.31% 2,723,499 NYSE
Exxon XOM $85.95 +0.19 0.22% 15,938,556 NYSE
GE $20.19 -0.16 0.79% 48,459,604 NYSE
Hewlett-Packard HPQ $40.7 -0.38 0.93% 13,262,007 NYSE
Home Depot HD $37.46 -0.37 0.98% 9,845,559 NYSE
Intel INTC $20.02 -0.01 0.05% 46,407,855 NASDAQ-GS
IBM $164.05 -0.33 0.2% 3,321,544 NYSE
JPMorgan JPM $46.84 -0.56 1.18% 23,606,689 NYSE
Johnson & Johnson JNJ $59.46 -0.02 0.03% 7,855,138 NYSE
Kraft KFT $31.67 -0.11 0.35% 7,841,336 NYSE
McDonald's MCD $76.04 +0.03 0.04% 3,693,135 NYSE
Merck MRK $33.67 +0.34 1.02% 18,380,947 NYSE
Microsoft MSFT $26.07 -0.13 0.5% 39,869,383 NASDAQ-GS
Pfizer PFE $20.46 +0.13 0.64% 35,009,963 NYSE
Procter & Gamble PG $61.9 -0.23 0.37% 7,274,255 NYSE
3M MMM $93.22 +0.03 0.03% 2,464,098 NYSE
Travelers TRV $59.58 -0.21 0.35% 1,924,142 NYSE
United Technologies UTX $84.81 -0.55 0.64% 2,549,523 NYSE
Verizon VZ $37.72 -0.04 0.11% 9,316,493 Dual Listed
Walmart WMT $52.54 -0.46 0.87% 9,713,155 NYSE
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The following are excerpts from Fri morning's Blog.

A read of the print editions of Friday'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 Thursday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Thursday at 12,409.49 down 17.26 points or 0.14% from Wednesday's close of 12,426.75.For the year the Dow is up 7.19%. Of the 30 Dow components 12 gained and 18 declined. The biggest gainer dollar-wise dollar wise was Exxon XOM $85.76 +0.58 0.68% 16,031,492 NYSE and percentage-wise was Home Depot HD $37.83 +0.33 0.88% 10,406,504 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $109.85 -1.15 1.04% 8,412,646 NYSE.

WSJ pC5 "Dow recovers, ends in red" by Kristina Peterson says stocks posted modest losses after another earthquake struck Japan's ne coast, but retailers climbed following strong Mar. sales.

Fin Times p22 'GE & 3M hit as industrials suffer sharpest falls" by Michael Stothard says the industrial and tech sectors helped lead Wall St lower after another earthquake hit the already devastated ne coast of Japan. GE was down 1% & 3M fell 0.7%. Ge which supplied reactors to Fukushima nuclear plant lost 6.9% int he days following the earthquake.

NYT pB8 "markets turn lower, & oil prices rise again" by Chris Hauser says oil prices rose to their highest level in more than 2 years on Thurs, while Wall St. erased gains prompted by better than expected economic data after reports of another earthquake in Japan.

USA Today p4B "Turmoil in US & Japan hurts stocks" by Bloomberg says stocks fell Thurs, dragging the Dow down from an almost 3 year high, as another earthquake shook Japan & a dispute over the fed budget threatened to shut down the US gov.

Inv. Bus. Daily pA1 "Indexes slip, but leaders mostly quiet" by Paul Whitfield says stocks struggled Thurs after an earthquake in japan grabbed the spotlight from better than expected numbers on retail sales & jobless claims. The action was down in mixed volume and the current outlook remains confirmed uptrend.

Thursday's Dow Jones Industrial Average closing numerator was 1,639.66 down 2.60 from Wednesday's closing numerator of 1,641.94. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $54.66. The median closing price of Thursday's Dow Jones Industrial Average was $46.78 (JPM/AXP) up 0.32 from Wednesday's median closing price of $46.46. The lowest volume was Travelers TRV $59.79 -0.15 0.25% 2,363,601 NYSE and the highest volume was again Bank of America BAC $13.61 -0.11 0.8% 119,233,696 NYSE.

If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $260 ($164,194 - $163966,).

MarketWatch Thursday 4/7/11 4:55 by Kate Gibson says U.S. stocks fell Thursday as investors digested news that another earthquake had rocked Japan, less than a month after the country’s worst quake on record. “It’s another setback in Japan’s long road to recovery,” Jack Ablin, chief investment officer at Harris Private Bank, said of Thursday’s temblor, which follows the March 11 devastating quake and tsunami.
In addition, the ongoing unrest in North Africa and Middle East prompted concern that shipments might be curtailed, pushing crude prices above $110 for the first time in 30 months. After falling nearly 100 points, the Dow Jones Industrial Average (DJIA 12,409, -17.26, -0.14%) settled off 17.26 points to 12,409.49, with 18 of its 30 components sliding. The S&P 500 Index (SPX 1,334, -2.03, -0.15%) fell 2.03 points to 1,333.51, with industrials and utilities the hardest hit of its 10 industry groups. The Nasdaq Composite Index (COMP 2,796, -3.68, -0.13%) declined 3.68 points to 2,796.14. On Capitol Hill, the standoff that threatens a government shutdown continued, with House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., meeting with President Barack Obama Thursday afternoon.
While the government’s inability to agree on a budget prompted verbal barbs on both sides, the markets “could care less,” Peter Boockvar, equity strategist at Miller Tabak, wrote in an email. “For perspective, the last time there was a shutdown in late 1994 into early ’95, the stock market also gave it a yawn and in fact rallied about 1% during it,” Boockvar noted. Reports that a strong quake had struck in Japan also prompted a sharp drop in a major exchange-traded fund that invests in Japanese companies. Recovering a bit, the iShares MSCI Japan Index Fund (EWJ 9.80, +0.01, +0.10%) was off 0.8%, after falling 1.5% earlier. The nearly $6 billion ETF is down 4.9% for the week so far. “My concern is the longer their production is disrupted, the bigger the threat” that production will shift from Japan to neighboring countries, such as Taiwan and South Korea, said Ablin at Harris.
The nearly $6 billion ETF is down 5.5% for the week so far. The nearly $6 billion ETF is down 5.5% for the week so far. As for the impact on U.S. business, Ablin pointed out that since Japanese consumers purchase nearly 11% of global luxury goods, any hits to its economy “would certainly impact high-end discretionary spending,” such as travel to Hawaii and casinos. Japan’s ongoing crisis brings near-term disruption to both U.S. and Japanese manufacturers of automobiles and related components, while the longer-term threat is Japan permanently losing production to others. “In general, there is overcapacity, so if production shifts they’ll lose market share, especially with a strong currency,” added Ablin, referring to the rise of the yen, which makes its goods and services more costly to holders of other currencies. Benchmark indexes had opened lower as investors considered whether the European Central Bank would continue to raise interest rates to curb inflation. ECB President Jean-Claude Trichet said the central bank would continue to track inflation risks “very closely” after the first interest-rate hike in almost three years. At a news conference held after the rate announcement, Trichet remarked that it’s not clear yet whether Thursday’s move would be the start of a string of increases. The ECB’s quarter-percentage point increase to its main interest rate to 1.25% came one day after Portugal requested a bailout.
Offsetting those concerns, the U.S. government reported its tally of Americans applying for jobless benefits fell by 10,000 last week, with the four-week average declining to its lowest level since July 2008. Also, major retailers reported better-than-expected sales at stores open at least a year, with Costco Wholesale Corp. (COST 77.82, +2.83, +3.77%) among those beating Wall Street estimates. Read about retailers’ March sales results. On the New York Mercantile Exchange, crude futures for May delivery (CLK11 110.38, +0.08, +0.07%) climbed $1.47 to settle at $110.30 a barrel.

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

AT&T T $30.54 +0.07 0.23% 30,020,608 NYSE: WSJ pB3 "Cellphone data roaming rules get FCC green light" by Amy Schatz says the FCC approved rules that require large firms like AT&T and Verizon TO offer data-roaming rates to rivals at "fair & reasonable rates." AT&T says the rules are unnecessary since they already allows each other's customers to roam each other's networks. The FDA split 3/2 on party lines with the 2 Repubs saying since the FDA deregulated Internet it has no power to adopt these rules.

Alcoa AA $18.12 -0.01 0.06% 29,141,527 NYSE: No mentions found.

Amex AXP $46.16 -0.12 0.26% 7,494,801 NYSE: No mentions found.

Bank of Am BAC $13.61 -0.11 0.8% 119,233,696 NYSE: No mentions found.

Boeing BA $74.29 +0.57 0.77% 4,379,128 NYSE: WSJ pB1 "Southwest's solo flight in crisis" by Tim Martin talks about Southwest's move to voluntarily ground its fleet after the fuselage of one of its Boeing 737s ripped open in flight last Fri.

Inv. Bus/ Daily pA2 "Boeing lands new 737 orders" says BA took orders for 18 aircraft last week with 17 of them 737s.

Caterpillar CAT $109.85 -1.15 1.04% 8,412,646 NYSE: No mentions found.

Chevron CVX $108.94 -0.28 0.26% 7,017,639 NYSE: WSJ pB1 "Chevron rekindles old Tex flame" by Isabel Ordonez says high oil prices and new technologies is causing Chevron to exxpand operations in the Permian Basin in west Tex and N. Mex.

CSCO $17.91 -0.16 0.89% 119,269,194 NASDAQ-GS: No mentions found.

Coke KO $67.44 -0.19 0.28% 6,376,401 NYSE: No mentions found.

Disney DIS $42.04- 0.23 0.54% 9,461,465 NYSE: NYT pB1 "Disney, lured by China's poential, plans alvish park in Shanghia" by Brooks Barnes says the theme park will cost $4.4 bil and ground was broken.

DuPont DD $55.57 -0.45 0.8% 4,082,716 NYSE: No mentions found.

Exxon XOM $85.76 +0.58 0.68% 16,031,492 NYSE: No mentions found.

GE $20.35 -0.20 0.97% 52,159,681 NYSE: WSJ pB4 "GE plan will tap solar power" by Bob Sechler, USA Todayp1 B "GE to spend $600 mil on soalr panel plant", Inv. Bus Daily pA2 "GE shines light on solar plant", Fin Times p17 "GE to build thin film solar factory" by Jeremy Lemer, Inv. Bus. Daily "Solar ETFs YtD returns glow" by Trang Ho say GE said it will build the biggest photovoltaic panel factory in the US.

Fin Times p22 'GE & 3M hit as industrials suffer sharpest falls" by Michael Stothard says the industrial and tech sectors helped lead Wall St lower after another earthquake hit the already devastated ne coast of Japan. GE was down 1% & 3M fell 0.7%. Ge which supplied reactors to Fukushima nuclear plant lost 6.9% int he days following the earthquake.

Hewlett-Packard HPQ $41.08 -0.10 0.24% 16,702,857 NYSE: WSJ pB3 "HP says ex-exec stole secrets" by Ben Worthen says Hewlett-Packard sued a former sales exec, alleging he stole trade secrets from it before joining Oracle, the latest act in an ongoing drama between the 2 firms.

WSJ pB3 "Dell seeds "cloud" business" by Ben Worthen says Dell will spend $1 bil this year to build data centers for "cloud computing" services, the latest effort to tack away from its core biz of selling PCs. Amazon.com and IBM have made similar moves. Hewlett-Packard made cloud services a centerpiece of its new strategy last month. Cloud computing is one of IBM's 4 key growth initiatives.

Home Depot HD $37.83 +0.33 0.88% 10,406,504 NYSE: No mentions found.

Intel INTC $20.03 +0.08 0.4% 51,606,392 NASDAQ-GS: Inv. Bus Daily pA4 "Techs, gov't get behind the drive for smarter cars" by Jason Ma says smart cars will be able to brake & change lanes on their own. Car frims and tech leaders such as IBM, Intel & Qualcom are supporting a bill to accelerate a public private smart car effort called Intelligent Transportation Systems.

IBM $164.38 +0.34 0.21% 3,670,064 NYSE: Daily Rept p6 "IBM looks to sell busienss on its cloud" by Aaron Ricadela, Bloomberg says IBM introduced Smartcloud a cloud coputing service aimed to help large firms save money by storing data in the cloud on IBM servers.

WSJ pB3 "Dell seeds "cloud" business" by Ben Worthen says Dell will spend $1 bil this year to build data centers for "cloud computing" services, the latest effort to tack away from its core biz of selling PCs. Amazon.com and IBM have made similar moves. Hewlett-Packard made cloud services a centerpiece of its new strategy last month. Cloud computing is one of IBM's 4 key growth initiatives.

JPMorgan JPM $47.4 -0.24 0.5% 29,988,334 NYSE: NYT pD6 "Dimon's payday", WSJ pC2 "Financial briefing book" - David benoit writes that JPM's CEO Jamie Dimon received $20.8 mil in '10 per recent proxy & Carol Van Hasselt writes that JPM is acting as Royal Bank of Canada's advisor in a possible sale of its US consumer bank.

Fin Times p1 "madoff spreads the blame for Ponzi scheme" by David Gelles says Bernie Madoff says JPMorgan had to know about the fraud because of the huge amounts of money coming into their accounts.

Johnson & Johnson JNJ $59.48 -0.18 0.3% 9,243,687 NYSE: WSJ pB3 "Johnson & Johnson" by Jonathan Rockoff says Denice Torres was named pres at JNJ's McNeil Consumer Healthcare unit, the latest step to fix problems that led to Tylenol recalls.

Inv. Bus. Daily pA9 "Drugmaker exapnds reach as star drug fades" by Vance Cariaga says Endo Pharmacueticals will get a boost from its Emoquette oral contraceptive which won FDA apporval on 3/7 & is the generica version of Johnson & Johnson's Ortho0Cept.

KFT $31.78 +0.03 0.09% 8,167,214 NYSE: No mentions found.

MCD $76.01 -0.71 0.93% 5,419,500 NYSE: No mentions found.

MRK $33.33 -0.02 0.06% 12,584,622 NYSE: No mentions found.

Microsoft MSFT $26.2 +0.05 0.19% 46,134,637 NASDAQ-GS: Fin Times p13 "Smartphone growth helps HTC surge past Nokia in market value" by Robin Kown says Taiwan's HTC has overtaken Nokia in market value. On Thurs Moddy's cut Nokia from A2 to A3 citing uncertainty over its transition to Microsoft's Windows Phone software.

Prizer PFE $20.33 +0.04 0.2% 44,112,709 NYSE: No mentions found.

Procter & Gam PG $62.13 +0.37 0.6% 7,704,711 NYSE: No mentions found.

3M MMM $93.19 -0.63 0.67% 3,439,683 NYSE: Fin Times p22 'GE & 3M hit as industrials suffer sharpest falls" by Michael Stothard says the industrial and tech sectors helped lead Wall St lower after another earthquake hit the already devastated ne coast of Japan. GE was down 1% & 3M fell 0.7%. Ge which supplied reactors to Fukushima nuclear plant lost 6.9% int he days following the earthquake.

Travelers TRV $59.79 -0.15 0.25% 2,363,601 NYSE:

United Tech UTX $85.36 -0.30 0.35% 2,590,366 NYSE: No mentions found.

Verizon VZ $37.76 -0.09 0.24% 15,152,654 DualListed: WSJ pB3 "Cellphone data roaming rules get FCC green light" by Amy Schatz says the FCC approved rules that require large firms like AT&T and Verizon TO offer data-roaming rates to rivals at "fair & reasonable rates." AT&T says the rules are unnecessary since they already allows each other's customers to roam each other's networks. The FDA split 3/2 on party lines with the 2 Repubs saying since the FDA deregulated Internet it has no power to adopt these rules.

WMT $53 +0.02 0.04% 12,181,219 NYSE: No mentions found.

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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