7/25/11 Mon am Coke Pepsi War Heats Up; United Tech may Sell Rocket Biz

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Post No. 1,128 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, and a ranking of the Dow 30 components by market capitalization and Dow 30 components' SEC filings in each case as of July 7, 2011.

A read of the print editions of Monday's Barron's, Wall St. Journal, Financial Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,681.86 down 43.25 or 0.34% from Thursday's close of 12,724.411. For the week the Dow was up 1.6%. For the year the Dow is up 9.53%. Of the 30 Dow components 13 gained and 17 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's MCD $88.56 +2.02 2.33% 11,410,069 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $105.15 -6.45 5.78% 25,775,680 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. Monday's closing trailing P/E ratio is 14.69 up from Friday's trailing P/E ratio of 14.53 (year ago it was 14.51); Monday's P/E estimate is 12.75 up from Friday's P/E estimate of 12.60 (year ago it was 12.59), and Monday's dividend yield is 2.38 unchanged from Friday's dividend yield of 2.38 (last year it was 2.70). 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 1,675.55 down 5.71 from Thursday's closing numerator of 1,681.26. 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 Friday by the divisor (0.132129493) you get the decrease in Friday'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 $55.85 down 0.81 from Thursday's average closing price of $56.04. The median closing price of Friday's Dow Jones Industrial Average was $47.22 (AXP/JPM) down 0.22 from Thursday's median closing price of $47.44. The lowest volume was 3M MMM $95.38 -0.46 0.48% 2,846,219 NYSE and the highest volume again was Bank of America BAC $10.13 -0.10 0.98% 138,456,149 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 $576 ($168,126 - $167,550).

MarketWatch Friday 7/22/11 5:07 pm by Kate Gibson says U.S. stocks closed Friday’s session with more than 1% weekly gains as robust results from Advanced Micro Devices Inc. highlighted a generally strong streak of earnings reports. “In general this has been a week of positive earnings announcements, we’ve started to change investor focus from the slowdown of the second quarter to the anticipated acceleration of growth in the third and fourth quarters,” said Ken Tower, senior analyst at Quantitative Analysis Service. “Prospects for an agreement on the budget and removing uncertainty over the debt ceiling” also lifted equities in recent days, said Tower, who added that it “seems as though discussions continue in the background even when the headline news is not so good.” The Dow Transports are lagging the Dow Jones Industrial Average, a potentially bearish sign for stocks since the transportation index is often viewed as a leading indicator, according to MarketWatch columnist Mark Hulbert. Friday’s low-volume session also included some upsets. The Dow Jones Industrial Average DJIA -0.34% ended down 43.25 points, or 0.3%, to 12,681.16. Component and equipment maker Caterpillar CAT -5.78% led losses for 17 of the index’s 30 components with a drop of 5.8%, to $105.15. The Dow, which is a price-weighted index, is most sensitive to moves in its high-priced stocks.
“Caterpillar and several smaller companies delivered earnings that missed estimates, balancing out the list of positive surprises,” according to Fred Dickson, chief investment strategist at Davidson Cos. McDonald Corp. MCD +2.33% shares led Dow advancers with a 2.3% gain after the hamburger seller reported better-than-expected profit for the second quarter, on robust sales in the United States and Europe.
For the week, the Dow gained 1.6%. The S&P 500 Index SPX +0.09% gained 1.22 points, or 0.1%, to 1,345.02 on Friday. For the week, it gained 2.2%. Technology companies fared the best among the index’s 10 industry groups, with Advanced Micro Devices AMD +19.23% up 19% after the maker of processors used in personal computers projected third-quarter sales that beat market expectations. The Nasdaq Composite Index COMP +0.86% added 24.4 points, or 0.9%, to 2,858.83. It gained 2.5% for the week. For every 14 stocks gaining 15 declined on the New York Stock Exchange, where volume topped 738 million. Crude-oil futures CL1U +0.69% closed up 0.8% at $99.87 a barrel on the New York Mercantile Exchange, while gold futures GC1Q +0.79% added $14.50 to $1,601.5 an ounce. Equities had climbed sharply on Thursday as European officials brokered new aid for Greece, while closer to home, negotiations to raise the debt limit and avert a U.S. default have so far failed to yield an agreement in Washington. “I would suggest it is going to be a hot weekend here in Washington,” Speaker John Boehner (R., Ohio) told reporters on Friday following a meeting of House Republicans.

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

AT&T T $30.32 +0.04 0.13% 27,530,465 NYSE: WSJ pC10 "A rising telephone tide is lifting Apple" by Martin Peers says AT&T reported last Thurs it activated 3.6 mil iPhone in the June qtr, ore than the 3.2 mil it activated prior year and flat with 1Q. It did that even though Verizon's majority owned wireless unit is now also selling the device & activated 2.3 mil in 2Q.

Barron's p12 "Week Review" say Bank of America last week reported a record loss on defective mortgages. The chairman of the Senate's antitrust subcommittee urged the US to block AT&T's bid to buy T-Mobile. The FCC extended review of the deal.

Alcoa AA $15.83 +0.06 0.38% 11,848,215 NYSE: No mentions found.

American Express AXP $52.24 -0.34 0.65% 6,066,254 NYSE: No mentions found.

Bank of America BAC $10.13 -0.10 0.98% 138,456,149 NYSE: Barron's p12 "Week Review" say Bank of America last week reported a record loss on defective mortgages. The chairman of the Senate's antitrust subcommittee urged the US to block AT&T's bid to buy T-Mobile. The FCC extended review of the deal.

Boeing BA $72.67 -0.22 0.3% 2,921,707 NYSE: Fin Times p22 "Boeing faces griling as EADS soars", Barron's p13 "Week preview" say on Tues 3M will report earnings with consensus estimates of $1.60 per sahre vs year ago of $1.54. Boeing reports on Wed with expectations of 96 cents per share and rev of $15.8 for 2Q.

Fin Times p17 "Boeing customers forced compan's hand over new engine option" by Jeremy Lemer says customers forced Boeing into announcing an upgrade of its 737 aircraft.

Caterpillar CAT $105.15 -6.45 5.78% 25,775,680 NYSE: WSJ pB1 "Business abroad drives US profits" by Kate Linebaugh says a third of the way through 2Q reporting season, earnings at large firms are the highest in 4 years. Caterpillar raised their earnings forecasts for later in the year. The gains have come mostly from emerging markets internationally. Firms from Untied Technologies to McDonald's have pointed to strength in their foreign ops. GE reported a 21% increase in earnings to $3.8 bi, saw US rev shrink 3.4% while int'l industrial rev soared 23% to 13.4 bil.

Chevron CVX $108.97 -0.46 0.42% 5,415,613 NYSE: WSJ pC2 "Market events this week" says on Thurs Exxon reports earnings with estimates of $2.29 per share vs year ago $1.60 as does DuPont $1.34/$1.17 & on Fri Chevron reports 3.50/2.70 as does Merck 0.95/0.86.

Cisco CSCO $16.46 +0.11 0.67% 48,364,746 NASDAQ-GS: No mentions found.

Coke KO $69.73 +0.39 0.56% 6,663,465 NYSE: WSJ pC10 "Pepsi-Coke wars bubbling back to surface" by John Jannarone says Coke shares outperformed Pepsi's by 7% points last week, when both firms reported 2Q earnings. The biggest difference is domestic soda as Pepsi's profit suffered as it tried to pass higher costs to consumers. Coke had cost savings due to its recent acquisition of its N. Amer. bottling biz. Advertising, rather than pricing, could emerge as a dominant facotr affecting consumer choice. But more money on advertising won't help Pepsi's profit margins.

Disney DIS $40.65 -0.09 0.22% 7,723,656 NYSE: No mentions found.

DuPont DD $54.85 +0.04 0.07% 3,891,202 NYSE: WSJ pC2 "Market events this week" says on Thurs Exxon reports earnings with estimates of $2.29 per share vs year ago $1.60 as does DuPont $1.34/$1.17 & on Fri Chevron reports 3.50/2.70 as does Merck 0.95/0.86.

Exxon XOM $85.22 +0.20 0.24% 13,153,877 NYSE: WSJ pC10 "Advocates for a split at BP must wait" bny Andrew Peaple ways a BP breakup would be a logical extension of recent trends as it has been steadily selling off refining assets. Exploration and production profit before interest and tax was 5.6 times that of refining in '10, compared with 2.8 times at Exxon Mobil.

WSJ pC2 "Market events this week" says on Thurs Exxon reports earnings with estimates of $2.29 per share vs year ago $1.60 as does DuPont $1.34/$1.17 & on Fri Chevron reports 3.50/2.70 as does Merck 0.95/0.86.

WSJ pA4 "Montana spill clouds pipeline plan" by Jeffrey Ball says Exxon's Silvertip pipeline accident has been used as a reason not to allow the expansion of a pipeline that would carry more crude from Canada.

GE $19.04 -0.12 0.63% 82,155,363 NYSE: WSJ pB1 "Business abroad drives US profits" by Kate Linebaugh says a third of the way through 2Q reporting season, earnings at large firms are the highest in 4 years. Caterpillar raised their earnings forecasts for later in the year. The gains have come mostly from emerging markets internationally. Firms from Untied Technologies to McDonald's have pointed to strength in their foreign ops. GE reported a 21% increase in earnings to $3.8 bi, saw US rev shrink 3.4% while int'l industrial rev soared 23% to 13.4 bil.

Hewlett-Packard HPQ $36.7 +0.47 1.3% 16,045,861 NYSE: No mentions found.

Home Depot HD $36.52 -0.20 0.54% 8,011,606 NYSE: No mentions found.

Intel INTC $23.13 +0.32 1.4% 45,085,427 NASDAQ-GS: Barron's p24 "Plugged in" bymark Veverka says as another big cap each firm that has matured, Intel has yet to throw in the towel on being a growth firm. laast week it beat analysts' estimates but it stock did not increase as it cut expectations for full year PC growth.

IBM $185.18 +0.28 0.15% 4,517,396 NYSE: Barron's p17 "Big Blue muscles through" by Leslie Norton says IBM is doing what few blue-chip stocks do these days: delivering steady earnings growth through good times and bad - and with no surprises. T. Rose Price's Daniel Flax says at a multiple of 13.4 applied to 2015 earnings targets, the stock could be worth $268.

JPMorgan JPM $42.19 -0.10 0.24% 19,986,046 NYSE: Fin Times p15 "European investment banks set for heavy cost savings" by Megan Murphy says JPMorgan's fixed income trading is down 18% while its advisory/underwriting is up 8%.

Barron's p11 "Streetwise" by Vito Racanelli says JPMorgan and organ Stanley look cheap as the economy may be ok and Greece is cordoned off for now.

Johnson & Johnson JNJ $66.72 +0.25 0.38% 7,721,253 NYSE: Fin Times p16 "Johnson & Johnson plaintiffs shrug off report into mismanagement claims" by Andrew Jack says plaintiffs threatening legal action against JNJ rejected a report from it that dismisses suggestions of systemic or board level failures behind recent recalls, and aggressive marketing claims and regulatory settlements for paying bribes.

Kraft KFT $35.43 -0.04 0.11% 5,697,518 NYSE: No mentions found.

McDonald's MCD $88.56 +2.02 2.33% 11,410,069 NYSE: WSJ pB3 "McDonald's" says McDonald's 2Q profit rose 15% and has a 2.4% price increase in the US and between 2 to 3% in the rest of the world. It had a profit of $1.41 bil or 1.35 a share in 2Q up from $1.23 bil or 1.13 a share a year earlier. Rev jumped 16% to $6.91 bil.

WSJ pB1 "Business abroad drives US profits" by Kate Linebaugh says a third of the way through 2Q reporting season, earnings at large firms are the highest in 4 years. Caterpillar raised their earnings forecasts for later in the year. The gains have come mostly from emerging markets internationally. Firms from Untied Technologies to McDonald's have pointed to strength in their foreign ops. GE reported a 21% increase in earnings to $3.8 bi, saw US rev shrink 3.4% while int'l industrial rev soared 23% to 13.4 bil.

Barron's pM3 "The trader" by Kopin Tan says firms from IBM to McDonald's continue to push all time highs after beating estimates.

Merck MRK $36.09 -0.09 0.25% 7,582,240 NYSE: WSJ pC2 "Market events this week" says on Thurs Exxon reports earnings with estimates of $2.29 per share vs year ago $1.60 as does DuPont $1.34/$1.17 & on Fri Chevron reports 3.50/2.70 as does Merck 0.95/0.86.

WSJ pB1 "threat of generic copycat comes back to nip at Teva" by Jonathan Rockoff says Teva selling generic copies of costlier brand name medicines but now it's band name drug, Copaxone is facing knockoffs. Both Pfizer and Merck have said they're working on biologic knockoffs.

Microsoft MSFT $27.53 +0.435 1.61% 76,380,505 NASDAQ-GS: NYT pB2 "At Microsoft, Bing too costly to keep" by Robert Cyran says the Microsoft division that includes Bing lost $2.6 bil in the latest fiscal year so it is looking for a buyer for Bing, its online search biz.

Pfizer PFE $20.07 -0.03 0.15% 25,825,469 NYSE: WSJ pB1 "threat of generic copycat comes back to nip at Teva" by Jonathan Rockoff says Teva selling generic copies of costlier brand name medicines but now it's band name drug, Copaxone is facing knockoffs. Both Pfizer and Merck have said they're working on biologic knockoffs.

Procter & Gamble PG $64.25 -0.24 0.37% 6,047,490 NYSE: No mentions found.

3M MMM $95.38 -0.46 0.48% 2,846,219 NYSE: WSJ pC2 "Happening this Week" says on Tues 3M reports earnings and on Thurs so does DuPont and Exxon, and on Fri. Chevron and Merck.

Barron's p13 "Week preview" says on Tues 3M will report earnings with consensus estimates of $1.60 per sahre vs year ago of $1.54. Boeing reports on Wed with expectations of 96 cents per share and rev of $15.8 for 2Q.

Travelers TRV $57.58 -0.11 0.19% 3,543,499 NYSE: No mentions found.

United Technologies UTX $87.7 -0.51 0.58% 3,645,130 NYSE: WSJ pB3 "UTC studies sale of rocket assets" by Andy Pasztor says United Technologies may sell its rocket engine business, high lighting increased fragility of the US space industrial base. Rocetdyne is part of the Pratt & Whitney operations which it bought from Boeing in '05.

WSJ pB1 "Business abroad drives US profits" by Kate Linebaugh says a third of the way through 2Q reporting season, earnings at large firms are the highest in 4 years. Caterpillar raised their earnings forecasts for later in the year. The gains have come mostly from emerging markets internationally. Firms from Untied Technologies to McDonald's have pointed to strength in their foreign ops. GE reported a 21% increase in earnings to $3.8 bi, saw US rev shrink 3.4% while int'l industrial rev soared 23% to 13.4 bil.

Verizon VZ $36.74 -0.83 2.21% 30,321,805 DualListed: WSJ pC10 "A rising telephone tide is lifting Apple" by Martin Peers says AT&T reported last Thurs it activated 3.6 mil iPhone in the June qtr, ore than the 3.2 mil it activated prior year and flat with 1Q. It did that even though Verizon's majority owned wireless unit is now also selling the device & activated 2.3 mil in 2Q.

Walmart WMT $54.52 +0.05 0.09% 6,802,420 NYSE: Barron's pM7 "European Trader" by Jon Buck says some of the world's biggest merchandisers ave stumbled in their quest for overseas growth - Walmart, Carrefour and Ahold among them.

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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) (Lowell McAdam becomes CEO in August)
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 7/7/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $404 [5]
2. Procter & Gamble PG 260 [4]
3. Microsoft MSFT 224.5 [8.5]
4. Chevron CVX 214 [2]
5. IBM 214 [1]
6. GE 204.5 [10.5]
7. WalMart WMT 190.5 [3.5]
8. Johnson & Johnson JNJ 185.6 [3]
9. AT&T T 185 [6]
10. JPMorgan Chase JPM 165 [4]
11. Pfizer PFE 161 [8]
12. Coke KO 157.5 [2.5]
13. Intel INTC 123 [5.5]
14. Verizon VZ 110.5 [3]
15. Merck MRK 110 [3]
16. Bank of America BAC 110 [10]
17. McDonald's MCD 89 [1]
18. Cisco CSCO 87 [5.5]
19. United Technologies UTX 83 [1]
20. Hewlett-Packard HPQ 75.5 [2]
21. Disney DIS 75.5 [2]
22. Caterpillar CAT 72 [.5]
23. 3M MMM 69 [.5]
24. American Express AXP 64.5 [1]
25. Kraft KFT 63 [2]
25. Home Depot HD 59 [1.5]
27. Boeing BA 55.5 [1]
28. DuPont DD 52 [1]
29. Travelers TRV 25 [.5]
30. Alcoa AA 17.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 7/7/11:

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

AT&T T: 6/27/11 8K re: minor amendments to Bylaws
5/6/11 10Q for quarter ended 3/31/11
5/5/11 8K re: voting results of 4/29 Annual Meeting of Stockholders
4/29/11 8K re: sale of $3 bil of Global Notes due '16 & '21
4/20/11 2 8Ks re: first quarter results
4/13/11 Prospectus & 4/1/aa S-4 re: offer to exchange $3.5 bil of 5.35% Global Notes due '40
3/31/11 & 3/21/11 2 8Ks re: purchase of T-Mobile USA, Inc. from Deutsche Telekom for $20 bil
3/29/11 8KA re: replacement of Richard Lindner as CFO with John J. Stephens
3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark

Alcoa AA: 6/2/11 8K re: Regulation FD disclosure re: Internal Relations Presentation of "Nomura Aluminum Seminar"
5/31/11 8K re: redemption of notes due '13
5/18/11 8K re: Chris Ayers elected Pres. of AA Blobal Primary Products
5/11/11 8K re: retirement of Joe Gorman from Bd. of Dires
5/6/11 8K re: Issuance of Sustainability Highlights Report
4/29/11 8K re: tender offer for 6% '13 Notes
4/29/11 8K re: grants under Stock Incentive Plan
4/27/11 Proxy materials re: exec comp
4/21/11 10Q & 4/21/11 8K re: first quarter results ending 3/31/11
4/14/11 8K transcript re: 1Q earnings conference call
4/13/11 8K & Prospectus re: issuance of $1.2 bil of 5.4% Notes due '21 & tnender offer for 5.3% Notes due '13
3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA

American Express AXP: 6/15/11 8K re: U.S. Card Services delinquency & write-off statistics for 3 months ended 5/31/11
5/16/11 re: delinquency & write-off stats for period ended 4/30/11
5/5/11 8KA & 8K re: appointment & compensation of David Cornish as Acting Comptroller
5/4/11 10Q quarter ended 3/31/11
4/26/11 8K re: departure of Comptroller & also Deputy Comptroller
4/20/11 8K re: 1Q results ending 3/31/11
4/18/11 8K re: delinquency & write-off statistics for 1Q ended 3/31/11
3/28/11 8K re new digital payments platform "Serve"
3/24/11 & 3/23 & 3/22 Proxy materials re: 2011 Annual Meeting of Shareholders at 5/2/11 at AXP Headquarters in NYC
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

Bank of Am BAC: 7/6/11 8KA re: settlement of Countrywide mortgage claims
6/29 8K re: election of Bruce R. Thompson as CFO
5/11/11 8K re: Voting results of Stockholders Annual Meeting held 5/16
5/5 10Q for quarter ended 3/31/11
5/2/11 8K re: update of legal opinion re: Medium-Term Notes
4/28/11 Proxy re: voting at 5/11 Stockholder Meeting and info re: independence of nominee for Board
4/15/11 8K re: shuffling of execs, C. Noski, E. O'Keefe & B. Thompson
4/15/11 re results of 1Q ending 3/31/11
3/3011 Proxy re: Annual Meeting of Stockholders on 5/11/11 at BAC Headquarters in Charlotte, N.C.
3/23/11 8K re: submission to Fed Res. Baord of comprehensive capital plan
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

Boeing BA: 6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Comerce & amendment of By-Laws to decrease number of directors from 12 to 11
5/3/11 8K re: amending bylaws decreasing Board from 13 to 12
4/27 10Q & 4/27/11 8K re: quarter ended 3/31/11
3/21/11 Annual Report to Sahreholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 6/20/11 8K re: 3 months dealer statistics ended 5/31/11
6/9/11 8K re: voting results of 6/8 Annual Stockholders Meeting
6/8/11 two 8Ks re: press release and declaration of 0.46 cents per share dividend payable 8/20 for record holders on 7/20
5/26/11 8K re: underwriting agreement re: floting rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendingations at upcoming annual meeting of stockholders
5/23/11 Proxy re: voting reminder re: 6/8 Meeting of Stockholders
5/23/11 8K re: revisions to 10K fin'l statements
5/19/11 8K re: dealer stats
5/9/11 10Q for quarter ended 3/31/11
4/29/11 8K re: info re: sales to dealers
4/29/11 8K re fin'l results quarter ended 3/31/11
4/15/11 Proxy re: Annual Meeting of Stockholders on 6/8/11 at Little Rock, Ark.
3/8/11 8K re: price changes of products

Chevron CVX: 6/1/11 8K re: results of votes at 5/25 Annual Stockholder Meeting
5/31/11 8K re: receipt of imminent danger order under Fed. Mine Safety Act re: Kemmerer Mine, Lincoln, WY and the vacating of the order on 5/26
5/5/11 10Q & 4/29/11 8K re quarter ended 3/31/11
4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11 at Chevron headquarters in San Ramon, CA.

Cisco CSCO 6/22/11 8K re: executives' pre-arranged stock trading plans
5/25/11 10Q re: Qtr ended 4/30/11
5/11/11 8K re: results of quarter ended 4/30/11
3/28/11 8K re: pre-arranged stock trading plan for certain execs
3/22/11 8K-A re: election of Gary B. Moore as COO
3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20

Coke KO 5/2/11 10Q & 4/26/11 8K for quarter ended 4/1/11
4/29/11 8K re: voting results of Annual Meeting of Shareholders held on 4/27
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.

Disney DIS 5/20/11 8K re: sales of $500 mil 3.75% Global Notes Due '21
5/10 8K & 5/10/11 10Q re: quarter ended 4/2/11
3/25/11 8K re: adoption of exec stock option plan
3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.

DuPont DD: 5/24/11 8K re: completion of acquisition of 92.2% of shares of Danisco SA
5/5/11 8K re: tender offer for Danisco
5/3/11 8K re: voting results of 4/27 Annual Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11 in Wilmington, DE
3/31/11 S-3 shelf registration for debt securities and common stock
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

ExxonMobil XOM: 5/31/11 8K re: results of voting of 5/25 Annual Shareholders Meeting
5/6/11 Proxy re: add'l material re: advisory vote on exec comp
5/5/11 10Q & 4/28/11 for quarter ended 3/31/11
4/29/11 8K re: amendment of bylaws making Treasurer also CFO
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/25/11 in Dallas, TX

GE: 5/6/11 10Q for quarter ended 3/31/11
5/2/11 8K re: voting results of 4/27 Annual Meeting of Shareholders
4/21/11 8K re: first quarter results
4/18/11 proxy re: answers to shareholder's question re: CEO's stock options
4/15/11 Annual Report to Shareholders
4/711 & 3/30/11 Proxy materials re: proposal on exec comp proposal at annual meeting of shareholders on 4/27/11
3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah

Hewlett-Packard HPQ: 6/16/11 8K re: election of Ann Livermore to Board of Directors, her resignation as Exec. VP & amendment to By-Laws to increase number of directors from 13 to 14
6/8/11 10Q re: Quarter ended 4/30/11
6/1/11 8K re: underwriting agreement re: Flaoting Rate Glboal Notes due '14 through '21
5/7/11 8k re: fin'l results for quarter ended 4/30/11
3/28/11 8K re amendment of by-laws to decrease number of directors from 17 to 13
3/22/11 8K re: info re: status of Hewlett-Packard employees as a result of Japanese earthquake
3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.

Home Depot HD: 6/7/11 8K re: amnding by-laws re voting by consent for shareholders
6/8/11 10Q re: Quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 5/1/11
4/18/11 Annual Report to Shareholders
4/15/11 proxy re: annual meeting of shareholders on 6/2/11 in Atlanta
3/31/11 8K re: underwriting agreement re: $3 bil of Senior Notes due 2021 & 2041

Intel INTC: 5/24/11 8K re: Voting results of 5/19/11 Annual Meeting of Stockhodlers
5/17/11 8K re: FD disclosures re: investor Meeting
5/11/11 8K re: increase in 3rd Quarter dividend
5/9/11 8K & 5/9/11 10Q for quarter ended 4/2/11
4/20/11 & 4/19/11 8Ks re: financial info & CFO commentary re: results for quarter ended 4/2/11
4/13/11 8K re: fin'l info re: recently closed acquisition of Infineon Wireless & McAfee
4/7/11, 4/5/11 & 4/4/11 Proxy materials re: annual meeting of shareholders on 5/19/11 at Intel's headquarters in Santa Clara, CA
3/21/11 8K re: fin'l info re: its McAfeesubsidiary
2/28/11 8K re: completion of acquisition of McAfee

IBM: 5/11/11 8K re: issuance of $1 bil of debt
4/28/11 8K re: voting results of 4/26/11 Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
4/20/11 & 4/19/11 8Ks re: CFO comments re: 1Qtr fin'l results ended 3/31/11
3/25/11 Proxy re: voting at annual meeting of stockholders on 4/26
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.

JPMorganChase JPM: 6/29/11 8K re: closing of $2.5 bil issue of 3.15% Notes due 2016
6/21/11 8K re: closing of $400 mil flotating rate senior med-term notes dues '14
5/24/11 8K re: legal opinion re: $500 mil Floating Senior Medium Term Notes due '16
5/23/11 8K Voting results of Shareholder Meeting held 5/17/11
5/10/11 8K re: legal opinion re: $2 bil of 4.6% Notes due '21
5/6/11 10Q for quarter ended 3/31/11
4/29/11 8K re: legal opinion for $2 bil Floating Senior Medium Term Notes
4/29/11 8K re: registering Global Notes
4/20/11 Proxy brochure entitled "Overview"
4/14/11 8K re: entering into consent orders with Fed. Reserve re: residential mortgage servicing activities
4/13/11 2 8Ks re: first quarter results
4/7/11 3 proxy filings re: annual meeting of shareholders on 5/17/11 in Columbus, Ohio
3/24/11 8K re: offering of $500 mil Floating Rate Notes due 2016
3/24/11 & 3/23/11 8Ks re: offering of Global Medium Term Notes

Johnson & Johnson JNJ : 5/20/11 8K re: sale of over $4 bil of Notes due '13 - '41
5/2/11 8K re: merger agreement with Synthes
4/29/11 8K re: voting results of 4/28 Meeting of Shareholders
4/27/11 8K re: offer to buy Synthes for $21.3 bil
4/19/11 Proxy re: annual meeting of shareholders on 4/28 in New Brunswick, NJ
4/19/11 8K re: first quarter results
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/8/11 8K re: payment of $70,0006,316 fine for violating Foreign Corrupt Practices Act
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 Pennsylvania

Kraft KFT: 7/1/11 8K re: departure of CFO timothy R. McLevish (change to termination agreement)
5/31/11 8K re: results of 5/24 Annual Shareholder Meeting
5/6/11 10Q & 5/5/11 8K for quarter ended 3/31/11
4/8/11 8K & 3/14/11 8K re: departure of CFO Timothy R. McLevish to be replaced by David A. Brearton
4/5/11 8K re: entering into revolving credit agreement for $4.5 bil
3/31/11 8K & Proxy re: nomination of Dr. Peter Henry for Board of Dir at 5/24/11 annual meeting of shareholders in Skokie, Ill

McDonald's MCD: 7/1/11 Prospectus re: issuance of 3,430,000 shares of commons tock in Direct Stock Purchase Plan
6/10/11 8K re: press release re: global sales rising 3.1% in May
5/23/11 8K re: voting results of 5/19 Shareholder Meeting
5/20/11 8K re: issuance of $400 mil Medium-Term Notes
5/16/11 proxy material re: stock options
5/9/11 8K re: Invetor Release re: April sales
5/6/11 10Q for quarter ended 3/31/11
5/3/11 proxy materials re: reminder how to vote
4/21/11 8K re: first quarter results
4/15/11 Proxy re: talking points
4/13/11 Annual Report to Shareholders
4/18/11 3 Proxy filings re: annual meeting of shareholders on 5/19/11 at McDonald's Headquarters in Oak Brook, Ill & proposal to amend cert. of incorp.
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.

Merck MRK: 5/27/11 8K re: Voting results of 5/24 Annual Meeting of Shareholders
5/9/11 10Q & 4/29/11 8K re: quarter ended 3/31/11
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/24/11 at North Branch, NJ
4/5/11 Schedule to tender offer to shareholders of Inspire Pharmaceuticals
3/24/11 8K re: termination of agreement between Merck & Sanofi-Aventis re: Sanofi's right to buy Merck's Merial animal health subsidiary

Microsoft MSFT: 5/10/11 8K re: purchase of Skype for $8.5 bil in cash
4/28/11 10Q & 4/28/11 8K for quarter ended 3/31/11
2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016

Pfizer PFE: 5/12/11 10Q & 5/3/11 8K for quarter ended 4/3/11
5/3/11 8K re: voting results of shareholder Meeting held on 4/28
4/14/11 & 4/11/11 Proxy & 3/22/11 2 Proxy filings re: 4/28/11 annual meeting of shareholders in Dallas, TX
4/4/11 8K re: selling Capsugel subsidiary to KKR
3/24/11 Annual report to shareholders

Procter & Gamble PG: 7/1/11 Prelim Proxy re: Annual Shareholder Meeting 10/11/11 in Cincinnati
5/12/11 8KA re: election of Margaret Whitman to Board
5/4/11 8K re: retirement of Ed Shirley as Vice Chair, Beauty & Grooming
4/29/11 10Q & 4/28/11 8K for quarter ended 3/31/11
4/11/11 8K re: declaration of 9% quarterly dividend increase
4/5/11 8K re: sale of Pringles to Diamond
3/24/11 8K re: P&G & Teva Pharmaceutical Industries partnership for OTC medicines
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: 5/26/11 8K re: restatement of Form 10K re: produ8ct moves between busienss segments
5/18/11 2 8Ks re: pre-arranged stock trading plans for General Counsel & CEO respectively
5/16/11 8K re: election of Inge Thulin as EVP & COO
5/11/11 8K re: voting results from 5/10/11 Annual Meeting of Stockholders
5/5/11 10Q & 4/26/11 for quarter ended 3/31/11
4/26/11 Porxy material re: how to vote at 5/10 Annual Meeting of Stockholders
4/7/11 8K re: results of first quarter 2011
4/6/11 8K re: executive changes re: chief accounting officer
3/29/11 Proxy material to correct errors re: prior filing re: stock ownership of directors & officers
3/24/11 annual report to shareholders
3/23/11 2 proxy filings re: 5/10/11 annual meeting of stockholders in St. Paul, Minnesota
3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline

Travelers TRV: 6/10/11 8K re: fin'l info re: annual investor conference
6/1/11 re: Voting results of 5/26 annual shareholders meeting
4/21/11 10Q & 8K for quarter ended 3/31/11
4/12/11 anual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 6/9/11 8K/A re: amendment of 4/13 8K re: frequency of intent to take shareholder advisory votes
4/25/11 10Q for quarter ended 3/31/11
4/20/11 8K re: first quarter results
4/19/11 8K re proposal to amend long term incentive plan
2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ

Verizon Communications Inc. VZ: 6/24/11 8K re: Gurantee of debentures of 10 domestic telephone subsidiaries
5/10/11 8K re: voting results from 5/5/11 Annual Meeting of Shareholders
4/28/11 10Q for quarter ended 3/31/11
4/21/11 8K re: first quarter results
4/11/11 8K re: Verizon completion of Terremark acquisition
4/8/11 Schedule to tender offer re: Terremark acquisition
4/4/11 Proxy re; compensation proposal
3/25/11 Prospectus re: $6.25 bil notes
3/21/11 Proxy re: 5/5/11 annual meeting of shareholders in Indianapolis, Indiana
3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)

WalMart WMT: 6/9/11 8K re: voting results of 6/3 annual shareholders meeting
6/3/11 10Q re: quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 4/30/11
4/19/11 annual report to shareholders
4/18/11 2 Proxy filings re: annual meeting of shareholders on 6/3/11 at U. of Ark in Fayetteville, Ark.
4/15/11 8K & 4/13/11 Prospectus re: issuance of $5 bil of notes
3/30/11 10K for fiscal year ended 1/31/11