Monday, July 4, 2011

7/4/11 Mon/Sun/Sat ExxonMobil Pipeline Ruptures in Montana

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Post No. 1,101 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 as of June 20, 2011 and Dow 30 components' SEC filings as of June 20, 2011.

A read of Monday's Barron's, New York Times & AJC, the combined Saturday and Sunday print editions of Wall St. Journal & Financial Times and Sunday's & Saturday's New York Times & Atlanta Journal Constitution 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 12,582.77 up 168.43 or 1.36% from Thursday's close of 12,261.42. For the week the Dow is up 648.19 or 5.43% from last Friday's close of 11,934.58. For the year the Dow is %. Of the 30 Dow components all 30 gained and 0 declined. The biggest gainer dollar-wise and percentage-wise was Caterpillar CAT $108.57 +2.11 1.98% 8,708,917 NYSE.

Sat WSJ pB1 "DIA's fireworks: best week in years" by Matt Phillips says US stocks notched their biggest weekly jump in 2 years as investors pounced on fresh data, suggesting the economy could be slogging its way out of its recent malaise. The Dow is was 5.4% for the week, its best performance on a percentage basis since July '09 and with an increase of 648.19 points in 5 days, the best week since Nov. '0.

Sat NYT pB7 "Optimism pushes Dow to best week in 2 years" by AP says a rebound in manufacturing surprised investors Fri, sending the Dow up nearly 170 points.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E is 14.32 up from Friday's trailing P/E of 14.12 (year ago it was 14.06); Saturday's P/E estimate is 12.54 up from Friday's P/E estimate of 12.20 (year ago it was 11.95), and Saturday's dividend yield is 2.39 down from Friday's dividend yield of 2.41 (last year it was 2.85). 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 1,662.55 up 22.25 from Thursday's closing numerator of 1,640.30. 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 $55.41 up 0.73 from Thursday's average closing price of $54.68. The median closing price of Friday's Dow Jones Industrial Average was $47.00 (AXP/JPM) up 0.67 from Thursday's median closing price of $46.33. The lowest volume was Travelers TRV $59.11 +0.73 1.25% 3,618,591 NYSE and the highest volume again was Bank of America BAC $11.085 +0.125 1.14% 127,850,651 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 made $2,225 ($166,255 - $164,030).

MarketWatch Friday 7/1/11 4:35 pm by Kate Gibson says US stocks surged Friday after an upbeat measure of U.S. manufacturing propelled Wall Street to what looks like its best week this year. “The economic numbers came out strong, the market took off and hasn’t receded since,” said Stephen Carl, head equity trader at the Williams Capital Group. Extending gains into a fifth consecutive session, the Dow Jones Industrial Average climbed 168.43 points, or 1.4%, to 12,582.77. The blue-chip index, which began the day nearly 500 points higher from where it stood at last Friday’s close, tallied a weekly gain of 5.4%. Up 5.6% for the week, the S&P 500 Index rose 19.03 points, or 1.4%, to 1,339.67, with consumer discretionary the best performing of its 10 major industry groups, led by Harman International Industries Inc., up 2.2% a day after the supplier of audio equipment said it would hike its annual dividend to 30 cents a share. Among the leading gainers on the S&P 500, Darden Restaurants Inc.’s shares climbed 6.1% after the restaurant-chain operator late Thursday projected 2011 earnings above expectations. The Nasdaq Composite Index added 42.51 points, or 1.5%, to 2,816.03, giving it for a weekly rise of 6.2%. With the benchmark indexes finishing higher every day so far this week, the market’s “a little toppy, so we can anticipate a bit of profit-taking Tuesday morning for those institutions that are in,” according to Carl at Williams Capital. “The drivers … were end-of-quarter window dressing by managers wanting to look good, coupled to corporate-stock buybacks with a little dumb money thrown in for good measure,” said Steven Evanson, president of Evanson Asset Management of the four-day winning streak that closed out the second quarter Thursday. For every stock that fell, almost five gained on the New York Stock Exchange, with volume ahead of the three-day weekend hitting a slight 865 million shares. Composite volume topped 3.4 billion. The weeklong rally in equities followed a bout of softness during the past two months as investors fretted over the recovery, Greece’s debt troubles and the approaching end of the Federal Reserve’s $600 billion bond-buying program, which came to an end Thursday. Noting the end of the second round of stimulus otherwise known as quantitative easing, Peter Boockvar, equity director at Miller Tabak commented: “QE2 RIP, the market manipulation stops for now.” Federal Reserve Bank of Richmond President Jeffrey M. Lacker says it's up to the U.S. government to lift the economy, while the Fed should focus on keeping inflation in check. The catalyst for the gains was the Institute for Supply Management, which said its index of manufacturing activity climbed to 55.3% in June from 53.5% the prior month. The gauge had fallen sharply in May as a result of a shortage in parts manufactured in Japan that are needed to make automobiles. Read more about the ISM manufacturing reading. The ISM report, combined with a similar reading the prior day on factory activity in the Chicago area, “suggests that manufacturing has indeed picked up — it just did so in the latter half of June rather than its beginning,” said Dan Greenhaus, chief global strategist at BTIG LLC. Separately, the Thomson Reuters/University of Michigan consumer-sentiment survey worsened in June, falling to a reading of 71.5 from 74.3 in May. U.S. construction spending fell 0.6% in May from a revised 0.6% drop in April.

Friday's Closing Dow Numbers and Mon/Sun/ Saturday's News:


AT&T T $31.655 +0.245 0.78% 17,734,386 NYSE: Barron's p23 "Sprint Nextel's tough choice" by Tiernan Ray says Sprint's margin on wireless operating profits is about 19%, well below 40% at AT&T and 45% at Verizon. That means there's lots of upside for Sprint if costs can be cut. Sprint's 4G service is provided by Clearwire which is 54% owned by Sprint. Other investors include Google & Intel.

Alcoa AA $16.3 +0.44 2.77% 17,576,066 NYSE: No mentions found.

American Express AXP $52.37 +0.67 1.3% 5,412,112 NYSE: No mentions found.

Bank of America BAC $11.085 +0.125 1.14% 127,850,651 NYSE: Sun NYT pB1 "We knew they got raises. But This?" by Pradnya Joshi says Microsoft CEO Steve Ballmer holds $9.39 billion of Microsoft stock and lists the has a chart that shows the stock total return of the highest paid CEOs including JPMorgan's Jamie Dimon, Exxon's Rex Tillerson & Disney's Robert Iger. IBM is listed as a big payer to execs.

Sat WSJ pB1 "New York attorney general steps up probe into BofA-Merrill disclosures" by Dan Fizpatrick says AG Eric Schneiderman has issued subpoenas seeking new depositions from current and former CEOs and other execs in a sign that he doesn't intend to drop the civil fraud investigation of Bank of America started over a year ago under predecessor Andrew Cuomo.

Sat Fin Times p12 "Fresh burst of optimism sees S& P rally gather pace by Michael Stothard says Wall st was on course for its sharpest weekly gains in a year after better than expected manufacturing data buoyed risk appetite, helping the major indices achieve their 5 straight session of gains.

Sat Fin Times p9 "BofA reveals $20 bil cost of global fin'l crisis" by Justin Bear says BofA set aside over $20 bil in 2Q to settle mortgage backed claims.

Barron's p10 Week review", Sat WSJ pA6 "This week" say American Airlines is in negotiations with Airbus & Boeing to replace 38% of its fleet. PepsiCola is launching the first new ad campaign for Pepsi in 3 years after it sank to No. 3 behind Coke & Diet Coke. Bank of America settled Countrywide mortgage claims for $8.5 bil.

Sat WSJ "Somany worries, so many buying opportunities" by Dave Kansas says Bank of America's $8.5 bil settlement indicates that fin'ls are starting to see the other side of the valley. Big names in the midst of large share buyback plans include Intel, Exxon, IBM & Walmart.

Boeing BA $74.26 +0.33 0.45% 3,293,612 NYSE: Sat WSJ pA6 "This week" says American Airlines is in negotiations with Airbus & Boeing to replace 38% of its fleet. PepsiCola is launching the first new ad campaign for Pepsi in 3 years after it sank to No. 3 behind Coke & Diet Coke. Bank of America settled Countrywide mortgage claims for $8.5 bil.

Caterpillar CAT $108.57 +2.11 1.98% 8,708,917 NYSE: No mentions found.

Chevron CVX $104.04 +1.20 1.17% 5,701,163 NYSE: No mentions found.

Cisco CSCO $15.86 +0.25 1.6% 56,480,285 NASDAQ-GS: Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, Merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Coke KO $68.05 +0.76 1.13% 7,191,385 NYSE: Sun AJC "Cradle of icons keeps rocking" by Ruseell Grantham lists Exxon in 1960 as being number 2 ont he Fortune 500 rank and in 2010 they were still No. 2. In '60 Exxon had revenues of $8 bil compared to $354 bil in '10. In '60 Coke was 93 and in '10 it was '10 with revs of $35 bil compared to $502 mil in '60. Walmart and Microsoft are lifted among the rising stars with Walmart ranking 1 on the Fortune 500.

Sat WSJ pA6 "This week" says American Airlines is in negotiations with Airbus & Boeing to replace 38% of its fleet. PepsiCola is launching the first new ad campaign for Pepsi in 3 years after it sank to No. 3 behind Coke & Diet Coke. Bank of America settled Countrywide mortgage claims for $8.5 bil.

Disney DIS $39.73 +0.69 1.77% 8,364,068 NYSE: Sun NYT pB1 "We knew they got raises. But This?" by Pradnya Joshi says Microsoft CEO Steve Ballmer holds $9.39 billion of Microsoft stock and lists the has a chart that shows the stock total return of the highest paid CEOs including JPMorgan's Jamie Dimon, Exxon's Rex Tillerson & Disney's Robert Iger. IBM is listed as a big payer to execs.

Sat NYT pB1 "A Collision of creativity and cash" by James Stewart says that since Disney bought Pixar for $7.4 bil in '06 it has unveiled a series of critical and commercial hits such as Ratatouilee.

DuPont DD $54.42 +0.37 0.68% 5,122,785 NYSE: No mentions found.

Exxon XOM $81.9503 +0.5703 0.7% 15,067,983 NYSE: Mon NYT pA10 "Ruptured pipeline in Montana had been shut down this Spring" by Dan Bilefsky & Anahad O'Connor says an Exxon Mobil pipeline that ruptured late Fri along the Yellowstone River in south central Montana, spilling crude oil into the river and forcing evacuations had been shut down for a day in May. The pipeline is buried 8 feet below the river & runs 70 miles to Billings, Mont where it supplies an Exxon refinery.

Sun NYT pB1 "We knew they got raises. But This?" by Pradnya Joshi says Microsoft CEO Steve Ballmer holds $9.39 billion of Microsoft stock and lists the has a chart that shows the stock total return of the highest paid CEOs including JPMorgan's Jamie Dimon, Exxon's Rex Tillerson & Disney's Robert Iger. IBM is listed as a big payer to execs.

Sun AJC "Cradle of icons keeps rocking" by Ruseell Grantham lists Exxon in 1960 as being number 2 ont he Fortune 500 rank and in 2010 they were still No. 2. In '60 Exxon had revenues of $8 bil compared to $354 bil in '10. In '60 Coke was 93 and in '10 it was '10 with revs of $35 bil compared to $502 mil in '60. Walmart and Microsoft are lifted among the rising stars with Walmart ranking 1 on the Fortune 500.

Sat WSJ pB3 "Exxon seeks to overturn $1.5 bil verdict" by Russell Gold says Exxon will try to overtrun on appeal a verdict that included $1.5 bil in damages handed up by a Maryland jury this week for an underground gas leak that contaminated local drinking water.

Sat WSJ "So many worries, so many buying opportunities" by Dave Kansas says Bank of America's $8.5 bil settlement indicates that fin'ls are starting to see the other side of the valley. Big names in the midst of large share buyback plans include Intel, Exxon, IBM & Walmart.

Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

GE $19.19 +0.33 1.75% 50,531,462 NYSE: Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Hewlett-Packard HPQ $37.04 +0.64 1.76% 13,736,635 NYSE: No mentions found.

Home Depot HD $36.7 +0.48 1.33% 8,987,834 NYSE: No mentions found.


Intel INTC
$22.53 +0.37 1.67% 35,359,687 NASDAQ-GS: Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, Merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Sat WSJ "So many worries, so many buying opportunities" by Dave Kansas says Bank of America's $8.5 bil settlement indicates that fin'ls are starting to see the other side of the valley. Big names in the midst of large share buyback plans include Intel, Exxon, IBM & Walmart.

Barron's p23 "Sprint Nextel's tough choice" by Tiernan Ray says Sprint's margin on wireless operating profits is about 19%, well below 40% at AT&T and 45% at Verizon. That means there's lots of upside for Sprint if costs can be cut. Sprint's 4G service is provided by Clearwire which is 54% owned by Sprint. Other investors include Google & Intel.

IBM $174.5 +2.95 1.72% 4,543,841 NYSE: Sun NYT pB1 "We knew they got raises. But This?" by Pradnya Joshi says Microsoft CEO Steve Ballmer holds $9.39 billion of Microsoft stock and lists the has a chart that shows the stock total return of the highest paid CEOs including JPMorgan's Jamie Dimon, Exxon's Rex Tillerson & Disney's Robert Iger. IBM is listed as a big payer to execs.

Sat WSJ "So many worries, so many buying opportunities" by Dave Kansas says Bank of America's $8.5 bil settlement indicates that fin'ls are starting to see the other side of the valley. Big names in the midst of large share buyback plans include Intel, Exxon, IBM & Walmart.

Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

JPMorgan JPM $41.63 +0.69 1.69% 28,783,648 NYSE: No mentions found.

Johnson & Johnson JNJ $67.31 +0.79 1.19% 8,002,022 NYSE: Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Kraft KFT $35.4711 +0.2411 0.68% 5,092,520 NYSE: Fin Times p11 "Peltz move on Kraft marks return of the raider" says Nelson Peltz, head of fund Trian, announced a stake in Kraft, a company that activist investors have had difficulty in pressuring.

McDonald's MCD $85.63 +1.31 1.55% 5,370,644 NYSE:

Merck MRK $35.59 +0.30 0.85% 8,516,149 NYSE: Barron's p13 "A prescription for profiting from drug stocks" by Andrew Bary says patent expiration & new drug approvals could alter drug firms' fortunes in the next 10 years. Glaxo, Novartis & Merck could be winners; Bristol-Myers and Lily, losers. Tim Anderson, an analyst at Sanford Bernstein says Glaxo-SmithKline, Novartis, Pfizer, Merck, Sanofi-Aventis & Roche Holdings are best positioned long term, while Eli Lilly, Bristol-Myers Squibb & AstraZeneca have a weaker outlook.

Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Microsoft MSFT $26.02 +0.02 0.08% 49,583,628 NASDAQ-GS: Sun AJC "Cradle of icons keeps rocking" by Ruseell Grantham lists Exxon in 1960 as being number 2 ont he Fortune 500 rank and in 2010 they were still No. 2. In '60 Exxon had revenues of $8 bil compared to $354 bil in '10. In '60 Coke was 93 and in '10 it was '10 with revs of $35 bil compared to $502 mil in '60. Walmart and Microsoft are lifted among the rising stars with Walmart ranking 1 on the Fortune 500.

Sat WsJ pB3 "Phone rivals gang up, outbid Google" by Sven Grunberg says a consortium including Apple & Microsoft agreed to pay $4.5 bil for a trove of Nortel Networks' patents outbidding Google and others, including Intel, in what is believed to be the largest intellectual property auction of all time.

Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Pfizer PFE $20.745 +0.145 0.7% 27,000,020 NYSE: Barron's p13 "A prescription for profiting from drug stocks" by Andrew Bary says patent expiration & new drug approvals could alter drug firms' fortunes in the next 10 years. Glaxo, Novartis & Merck could be winners; Bristol-Myers and Lily, losers. Tim Anderson, an analyst at Sanford Bernstein says Glaxo-SmithKline, Novartis, Pfizer, Merck, Sanofi-Aventis & Roche Holdings are best positioned long term, while Eli Lilly, Bristol-Myers Squibb & AstraZeneca have a weaker outlook.

Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

Procter & Gamble PG $64.27 +0.70 1.1% 9,609,596 NYSE: Barron's pM3 "For the holiday week, a sparkler" by Kopin Tan says Juniper has lost nearly a third of its value since March. Like its bigger rival, Cisco, Juniper makes switches, routers & other equipment for networks, but its focus on cloud computing and the mobile Web is a big draw. With Cisco preoccupied with its restructuring, analysts think Juniper can hold its 30% sahre of the core routing market. US firms have $1.4 trillion in undistributed profits in their overseas units and if tax rules were relaxed, some of this would be repatriated. There is a list of the top ten firms with undistributed foreign earnings with all but one being Dow firms: GE is first with $94 bil, 2nd is Pfizer 48.2, merck 40.4, Johnson & Johnson 37, ExxonMobil 35 and non-Dow is 6th, followed by Cisco with 31.6, then IBM with $31.1 bil in undistributed foreign earnings followed by Procter & Gamble at 30 and Microsoft at 29.5.

3M MMM $96.67 +1.82 1.92% 4,571,540 NYSE: No mentions found.

Travelers TRV $59.11 +0.73 1.25% 3,618,591 NYSE: No mentions found.

United Technologies UTX $90.13 +1.62 1.83% 4,451,720 NYSE: No mentions found.

Verizon VZ $37.8 +0.57 1.53% 14,730,405 DualListed: Barron's p23 "Sprint Nextel's tough choice" by Tiernan Ray says Sprint's margin on wireless operating profits is about 19%, well below 40% at AT&T and 45% at Verizon. That means there's lots of upside for Sprint if costs can be cut. Sprint's 4G service is provided by Clearwire which is 54% owned by Sprint. Other investors include Google & Intel.

Walmart WMT $53.51 +0.37 0.7% 9,431,170 NYSE: Sun AJC "Cradle of icons keeps rocking" by Ruseell Grantham lists Exxon in 1960 as being number 2 ont he Fortune 500 rank and in 2010 they were still No. 2. In '60 Exxon had revenues of $8 bil compared to $354 bil in '10. In '60 Coke was 93 and in '10 it was '10 with revs of $35 bil compared to $502 mil in '60. Walmart and Microsoft are lifted among the rising stars with Walmart ranking 1 on the Fortune 500.

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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 6/20/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $392.5 [5]
2. Procter & Gamble PG 261 [4]
3. Microsoft MSFT 205.5 [8.5]
4. Chevron CVX 201 [2]
5. IBM 200 [1]
6. GE 196 [10.5]
7. WalMart WMT 185 [3.5]
8. AT&T T 183.5 [6]
9. Johnson & Johnson JNJ 182 [3]
10. JPMorgan Chase JPM 161 [4]
11. Pfizer PFE 160 [8]
12. Coke KO 151 [2.5]
13. Intel INTC 117 [5.5]
14. Merck MRK 110.5 [3]
15. Bank of America BAC 107.5 [10]
16. Verizon VZ 106 [3]
17. McDonald's MCD 85.5 [1]
18. Cisco CSCO 83.5 [5.5]
19. United Technologies UTX 78 [1]
20. Hewlett-Packard HPQ 72.5 [2]
21. Disney DIS 72 [2]
22. 3M MMM 65.5 [.5]
23. Caterpillar CAT 63 [.5]
24. Kraft KFT 61 [2]
25. American Express AXP 58.5 [1]
26. Home Depot HD 55.5 [1.5]
27. Boeing BA 55 [1]
28. DuPont DD 47 [1]
29. Travelers TRV 24 [.5]
30. Alcoa AA 16 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 6/20/11:

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

AT&T T: 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: 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 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: 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: 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: 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: 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: 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 o 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