8/14/11 Sun/Sat Barron's Says Most of Dow Components are Cheap

www.DowJonesMonitor.com

The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.

Post No. 1,163 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 August 2, 2011.

A read of the print editions of Monday's Barron's, the combined Sat/Sunday issues of each of the Wall St. Journal & Financial Times, Sunday's & Saturday's issues of 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 11,269.02 up 125.71 or 1.13% from Thursday's close of 11,143.31. For the week the Dow is down 175.59 or 1.5% from last Friday's close of 11,444.61. For the year the Dow is down 2.66%. Of the 30 Dow components 22 gained and 8 declined. The biggest gainer dollar-wise and percentage-wise was Boeing BA $61.75 +2.90 4.93% 10,070,484 NYSE. The biggest decliner dollar-wise and percentage-wise was JPMorgan JPM $35.91 -0.78 2.13% 44,003,967 NYSE.

WSJ pB1 "Week ends on a positive note" by Brendan Conway says stocks ended on an upbeat note Fri, bringing a welcome end to one of th most volatile week in Wall St's history. Fin'l stocks were the biggest weekly losers. Bank of America led all blue chip stocks lower, shedding 12% on the week to $7.19.

Fin Times p1 "Investor retreat turns to stampede" by Richard Milne & p11 "Indices bounce back with retailers leading the charge" by Telis Demos say one of the most volatile weeks in market history sparked a bigger flight to safety than the collapse of Lehman as global investors parked a record $50 bil in money market funds this week, yanking cash out of bonds and shares.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B6 of Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E ratio is 12.62 up from Friday's trailing P/E ratio of 12.48 (year ago it was 13.89); Saturday's P/E estimate is 11.39 down from Friday's P/E estimate of 11.48 (year ago it was 12.49), and Saturday's dividend yield is 2.70 down from Friday's dividend yield of 2.73 (last year it was 2.71). 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 1,488.97 up 16.61 from Thursday's closing numerator of 1,472.36. 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 $49.63 up $0.45 from Thursday's average closing price of $49.08. The median closing price of Friday's Dow Jones Industrial Average was $40.40 (AXP/JPM) down $0.48 from Thursday's median closing price of $40.88. The lowest volume was Travelers TRV $51.13 -0.26 0.51% 4,776,012 NYSE and the highest volume again was Bank of America BAC $7.19 -0.06 0.83% 298,471,700 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 $1,661 ($148,897 - $147,236).

MarketWatch Friday 8/12/11 5:18 pm by Wallace Witkowski says U.S. stocks closed higher Friday, moderating losses for a week of violent swings, following a rally in European stocks and encouraging retail sales data.
The Dow Jones Industrial Average advanced 125.71 points, or 1.1%, to close at 11,269.02, for a fifth-straight triple-digit swing. The last time the Dow had five days of triple-digit moves was the period ended Jan. 22, 2010. The index closed down 175.59 points, or 1.5%, for the week, which included an unprecedented four sessions of 400-point-plus swings in a row, including two massive losses. “It’s true the market is off its meds for the moment, but it’s still highly susceptible to headline news,” said Karl Mills, chief investment officer at Jurika, Mills and Keifer in San Francisco. Twenty-one out of 30 Dow stocks advanced with shares of Boeing Co. Hewlett-Packard Co. and United Technologies Corp. leading gains and J.P. Morgan Chase & Co. shares lagging on the index. Joe Kinahan, chief derivatives strategist at T.D. Ameritrade, says traders are watching the 1,070 level on the S&P 500 index futures as the next point of resistance. In other words, there could be more short-term pain ahead. The Standard & Poor’s 500 Index advanced 6.17 points, or 0.5%, to close at 1,178.81, for a 1.5% loss for the week. The Nasdaq Composite Index rose 15.30 points, or 0.6%, to close at 2,507.98, for a 1% loss on the week. Investors looked past a mixed bag of U.S. data and traded on momentum from European stocks, where plans by German and French leaders to meet contributed to a dim hope that crisis conditions may be easing. Michael Gibbs, director of equity strategy at Morgan Keegan, said concerns about Europe are fueling about 80% of the unprecedented volatility and market swings of late. “You’ve got some extremely confused investors out there,” he said. The Chicago Board Options Exchange’s volatility index or so-called “fear index” declined 6.8% by the close, and is up 14% for the week. With the VIX indicating the market is in for heightened volatility for the foreseeable future, Gibbs said investors are in a regrouping mode and that markets will only gain solid footing when Europe stabilizes with either some increase to its stability fund or the launching of a common eurobond. Gibbs said next week’s planned meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy will serve as a catalyst for markets looking for some sign of resolution to European debt woes. Ken Tower, senior analyst at Quantitative Analysis Service in Jersey City, N.J., said much of Friday’s gains were a relief rally following in the footsteps of Europe’s gains. The STOXX Europe 600 ended Friday’s session 3% higher, trimming its weekly loss to 0.6%. “We kicked it off yesterday, but if Europe doesn’t follow our lead it doesn’t count for much,” Tower said. Tower expects volatility to begin tapering off as part of a market bottoming process over the next four to six weeks. Analysts shrugged off the influence of European short-sale bans on the market. Tower hoped the rally in European stocks wasn’t tied to the ban, calling it a “short-term artificial plug.” Gibbs called the ban a “joke” that allows stocks to just do OK at best, and is more likely cause them to underperform. Read more on short-sale ban. Mills called the short-sale news “window dressing” and said European markets were up because of constructive headlines like Sarkozy and Merkel meeting rather than the destructive headlines like liquidity concerns at French banks. Retail, consumer data
Stocks cooled briefly after the University of Michigan/Thomson Reuters index of consumer sentiment dropped to 54.9 in August — the lowest in 31 years. The major indexes had opened sharply higher after government data showed a 0.5% increase in retail sales for July. Advancers remained ahead of decliners by nearly two to one on the New York Stock Exchange, where more than 1.2 billion shares traded hands by the close. Composite volumes continued to be brisk. NYSE-listed share volume topped 5 billion shares on all exchanges Friday, and Nasdaq-listed share volume rose above 2.2 billion shares. Average daily volumes for NYSE-listed shares have reached an eye-popping 7.27 billion shares for August, compared with a 4.28 billion-share daily average for the year to date. Nasdaq-listed stocks have averaged 3.17 billion shares traded a day for August, compared with a year-to-date average daily volume of 2.03 billion shares.

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

AT&T T $28.22 -0.22 0.77% 42,560,081 NYSE: WSJ "Sprint abandons BlackBerry tablet" by Greg Bensinger says sprint Nextel has abandoned plans to sell the Blackberry PlayBook on its wireless network. AT&T and Verizon Wireless already aren't carrying the device though both sell Apple's iPad. Hewlett-Packard this week cut to $399 its cheapest TouchPad.

Barron's pM3 "The trader" by Kopin Tan says stocks were helped when companies such as Cisco reported better than expected profits. 22 of the Dow components now pay a dividend yield better than 10 year Treausries & Merck and Pfizer have yields of 4.5% or more. AT&T pays a 6.2% dividend and shares have pulled back 12% since July. While it faces competition from Verizon, AT&T's earnings have improved in recent quarters.

WSJ pB7 "Upside" by Dave Kansas says 5 Dow firms with solid track records paying nice dividends are Merck 4.9%, Pfizer 4.5%, Johnson & Johnson 3.7%, Verizon 5.7% and AT&T 6%.

Alcoa AA $12.26 +0.01 0.08% 36,107,609 NYSE:

American Express AXP $44.89 -0.18 0.4% 9,944,308 NYSE: WSJ pA4 "Obama sits down with execs" by Laura Meckler says among the CEO that met Fri with Obama were Ken Chenaultof American Express and Bill Weldon of JNJ.

Bank of America BAC $7.19 -0.06 0.83% 298,471,700 NYSE: Barron's p10 "Week review" says AIG sued Bank of America for $10 alleging massive fraud involving mortgage backed securities.

WSJ pB1 "Week ends on a positive note" by Brendan Conway says stocks ended on an upbeat note Fri, bringing a welcome end to one of th most volatile week in Wall St's history. Fin'l stocks were the biggest weekly losers. Bank of America led all blue chip stocks lower, shedding 12% on the week to $7.19.

Barron's p16 "Time to bet on Bank of America" by Jacqueline Doherty says shares of BofA re down 46% this year, thanks to the housing mess & worries about a global slowdown. At $7.19 a share, BofA shares are among the cheapest in the industry, trading at 57% of tangible book value & 4.9 times estimates for next year's earnings. The market is acting as if it needs to raise equity now to meet the capital requirements in order to be competitive with rivals like JPMorgan.

Barron's pM2 charts Bank of America saying CEO Moynihan said capital ratios have improved.

Boeing BA $61.75 +2.90 4.93% 10,070,484 NYSE: No mentions found.

Caterpillar CAT $89.81 +2.56 2.93% 11,439,905 NYSE: No mentions found.

Chevron CVX $95.86 +1.79 1.9% 13,358,884 NYSE: No mentions found.

Cisco CSCO $15.99 +0.07 0.44% 95,531,677 NASDAQ-GS: Barron's p31 "How Cisco can get its groove back" by Tiernan Ray Fin times p16 'Apple/Cisco" say John Chambers CEO of Cisco Systems can make pronouncements that move tech stocks and his good news about Cisco helped tech shares last week.

Barron's pM2 charts Cisco saying sales grew 3% in the July quarter and may continue to grow this quarter.

Barron's pM3 "The trader" by Kopin Tan says stocks were helped when companies such as Cisco reported better than expected profits. 22 of the Dow components now pay a dividend yield better than 10 year Treausries & Merck and Pfizer have yields of 4.5% or more. AT&T pays a 6.2% dividend and shares have pulled back 12% since July. While it faces competition from Verizon, AT&T's earnings have improved in recent quarters.

Coke KO $67.14 +0.67 1.01% 10,154,416 NYSE: Barron's p17 "Weekday trader" by Bob O'Brien" says with the market bashed a few select, high yielding megacap stocks are looking good such as Coke, McDonald's and Pfizer all of which have relatively low valuations & the resources to weather the economic storm.

Disney DIS $33.09 +0.97 3.02% 24,425,399 NYSE: No mentions found.

DuPont DD $47.36 +0.40 0.85% 8,911,982 NYSE: No mentions found.

Exxon XOM $72 +2.18 3.12% 31,125,702 NYSE: Barron's p13 "The smart money speaks" says Abby Jospeh Cohen says Goldman Sachs expect oil prices to rise and they like Exxon which has been under pressure, has a 2.8% dividend yields and trdes for 7.3 times '11 earnings. Return on equity exceeds 25%. Mario Gabelli says Wamart shoppers will see significant benefits from lower gas prices.

Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate decline this year.

GE $15.88 +0.20 1.28% 74,785,823 NYSE: No mentions found.

Hewlett-Packard HPQ $32.32 +1.27 4.09% 23,706,963 NYSE: WSJ "Sprint abandons BlackBerry tablet" by Greg Bensinger says sprint Nextel has abandoned plans to sell the Blackberry PlayBook on its wireless network. AT&T and Verizon Wireless already aren't carrying the device though both sell Apple's iPad. Hewlett-Packard this week cut to $399 its cheapest TouchPad.

Home Depot HD $30.58 +0.53 1.76% 18,734,619 NYSE: Barron's "Week preview" says on Tues 8/16 Home Depot's likely to manage expectations down for 2nd half when it reports. On Thurs 8/18 Hewlett-Packard holds earnings conference call after the market closes.

Intel INTC $20.65 -0.11 0.53% 54,159,031 NASDAQ-GS: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate decline this year.

IBM $168.2 +1.47 0.88% 5,186,531 NYSE: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate delcine this year.

JPMorgan JPM $35.91 -0.78 2.13% 44,003,967 NYSE: Barron's p16 "Time to bet on Bank of America" by Jacqueline Doherty says shares of BofA re down 46% this year, thanks to the housing mess & worries about a global slowdown. At $7.19 a share, BofA shares are among the cheapest in the industry, trading at 57% of tangible book value & 4.9 times estimates for next year's earnings. The market is acting as if it needs to raise equity now to meet the capital requirements in order to be competitive with rivals like JPMorgan.

Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate decline this year.

Johnson & Johnson JNJ $63.36 -0.08 0.13% 42,320,217 NYSE: WSJ pB7 "Upside" by Dave Kansas says 5 Dow firms with solid track records paying nice dividends are Merck 4.9%, Pfizer 4.5%, Johnson & Johnson 3.7%, Verizon 5.7% and AT&T 6%.

Kraft KFT $34.4 +0.30 0.88% 14,456,246 NYSE: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate delcine this year.

McDonald's MCD $86.5 +0.22 0.25% 6,530,507 NYSE: Barron's p17 "Weekday trader" by Bob O'Brien" says with the market bashed a few select, high yielding megacap stocks are looking good such as Coke, McDonald's and Pfizer all of which have relatively low valuations & the resources to weather the economic storm.

Merck MRK $31.34 +0.14 0.45% 19,718,883 NYSE: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate delcine this year.

Barron's pM3 "The trader" by Kopin Tan says stocks were helped when companies such as Cisco reported better than expected profits. 22 of the Dow components now pay a dividend yield better than 10 year Treausries & Merck and Pfizer have yields of 4.5% or more. AT&T pays a 6.2% dividend and shares have pulled back 12% since July. While it faces competition from Verizon, AT&T's earnings have improved in recent quarters.

WSJ pB7 "Upside" by Dave Kansas says 5 Dow firms with solid track records paying nice dividends are Merck 4.9%, Pfizer 4.5%, Johnson & Johnson 3.7%, Verizon 5.7% and AT&T 6%.

Microsoft MSFT $25.1 -0.09 0.36% 64,769,018 NASDAQ-GS: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate delcine this year.

Pfizer PFE $17.86 +0.05 0.28% 57,373,588 NYSE: Barron's p17 "Weekday trader" by Bob O'Brien" says with the market bashed a few select, high yielding megacap stocks are looking good such as Coke, McDonald's and Pfizer all of which have relatively low valuations & the resources to weather the economic storm.

Barron's pM3 "The trader" by Kopin Tan says stocks were helped when companies such as Cisco reported better than expected profits. 22 of the Dow components now pay a dividend yield better than 10 year Treausries & Merck and Pfizer have yields of 4.5% or more. AT&T pays a 6.2% dividend and shares have pulled back 12% since July. While it faces competition from Verizon, AT&T's earnings have improved in recent quarters.

WSJ pB7 "Upside" by Dave Kansas says 5 Dow firms with solid track records paying nice dividends are Merck 4.9%, Pfizer 4.5%, Johnson & Johnson 3.7%, Verizon 5.7% and AT&T 6%.

Procter & Gamble PG $61.14 +0.69 1.14% 13,436,061 NYSE: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate delcine this year.

3M MMM $82.54 +1.32 1.63% 5,717,759 NYSE: No mentions found.

Travelers TRV $51.13 -0.26 0.51% 4,776,012 NYSE: Barron's p20 "Bargain days' by Andrew Bary says a range of blue chip stocks including Microsoft, Merck, Intel, Exxon & JPMorgan trade for less than 10 times estimated '11 profits and have dividend yields that exceed the Treasury's 10 year note of 2.26%. Investors have a great opportunity to build a defensive portfolio that will throw off a good income stream such as IBM, Procter & Gamble & Kraft. Property & casualty stocks like Travelers carry lower risk than life insurers because their portfolios are heavy in bonds that have appreciated with the sharp rate decline this year.

United Technologies UTX $72.45 +2.71 3.89% 9,431,390 NYSE: No mentions found.

Verizon VZ $34.3 +0.32 0.92% 21,376,147 DualListed: WSJ pB4 "Verizon, union exchange complaints" by Greg Bensinger, Sat NYT pB1 "Strikers & Verizon trade barbs" by Steve Greenhouse say Verizon and the CWA filed formal charges aainst each other with the NLRB.

Barron's pM3 "The trader" by Kopin Tan says stocks were helped when companies such as Cisco reported better than expected profits. 22 of the Dow components now pay a dividend yield better than 10 year Treausries & Merck and Pfizer have yields of 4.5% or more. AT&T pays a 6.2% dividend and shares have pulled back 12% since July. While it faces competition from Verizon, AT&T's earnings have improved in recent quarters.

WSJ pB7 "Upside" by Dave Kansas says 5 Dow firms with solid track records paying nice dividends are Merck 4.9%, Pfizer 4.5%, Johnson & Johnson 3.7%, Verizon 5.7% and AT&T 6%.

Walmart WMT $49.75 +0.02 0.04% 15,134,819 NYSE: WSJ pB1 "Walmart shakes up its online business" by Miguel Bustillo says Walmart restructuredits Internet biz and 2 top online execs are leaving as it faces pressure to counter the growth of Web rivals such as Amazon.com.

Barron's p13 "The smart money speaks" says Abby Jospeh Cohen says Goldman Sachs expect oil prices to rise and they like Exxon which has been under pressure, has a 2.8% dividend yields and trdes for 7.3 times '11 earnings. Return on equity exceeds 25%. Mario Gabelli says Wamart shoppers will see significant benefits from lower gas prices.

******************************
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 Lowell McAdam (NY, NY) (Lowell C. 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 8/2/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $386.5 [5]
2. Procter & Gamble PG 244 [4]
3. Microsoft MSFT 228 [8.5]
4. IBM 214 [1]
5. Chevron CVX 210 [2]
6. GE 183.5 [10.5]
7. WalMart WMT 181.5 [3.5]
8. Johnson & Johnson JNJ 175 [3]
9. AT&T T 174 [6]
10. JPMorgan Chase JPM 159 [4]
11. Coke KO 154 [2.5]
12. Pfizer PFE 145.5 [8]
13. Intel INTC 116 [5.5]
14. Verizon VZ 110.5 [3]
15. Merck MRK 106 [3]
16. Bank of America BAC 97.5 [10]
17. McDonald's MCD 89 [1]
18. Cisco CSCO 85.5 [5.5]
19. United Technologies UTX 72.5 [1]
20. Hewlett-Packard HPQ 72 [2]
21. Disney DIS 71.5 [2]
22. Caterpillar CAT 63.5 [.5]
23. 3M MMM 61 [.5]
24. Kraft KFT 60 [2]
25. American Express AXP 59 [1]
26. Home Depot HD 53 [1.5]
27. Boeing BA 51 [1]
28. DuPont DD 47 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 15.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 8/2/11:

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

AT&T T: 8/1/11 8K re: tendering of all its shares of Telefonos de Mexcio
7/21/11 8K re: 2Q results
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: 7/28/11 8K re: 5 year revolving crdit agreement with Citibank
7/21/11 10Q for Qtr ended 6/30/11
7/14/11 8K re: 2Q earnings call transcript
7/12/11 8K re: 2Q results
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: 7/20/11 8K re: 2Q results
7/15/11 8K re: delinq. & write-off stats qtr. ended 6/30/11
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: 7/19/11 8K re: 2Q results
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.

Boeing BA: 7/27/11 10Q for Qtr ended 6/30/11
7/27/11 8K re: 2Q results
6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Commerce & 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 Shareholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 7/22/11 8K re: 3 mos. dealer stats
7/22/11 8K re: 2Q results ended 6/30/11
7/12/11 8K re: segment operating results 3/31/11
7/8/11 8K re: closing of Bucyrus acquisition
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: floating rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendations 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.

Chevron CVX: 7/29/11 8K re: 2Q results
7/11/11 8K re: 2Q interim update
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 7/18/11 8K re: cutting of 6,500 jobs
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 8/1/11 10Q 2 results ended 7/1/11
7/19/11 8K re: 2Q results
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

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: 7/28/11 8K re: 2Q results
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

ExxonMobil XOM: 7/28/11 8K re: 2Q results
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: 7/29/11 10Q 2Q results ended 6/30/11
7/29/11 13F-HR Inst't'l holdings
7/22/11 8K re: 2Q results
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: 7/22/11 8KA re: frequency of advisory votes on exec comp.
7/21/11 8K re: plan to repurchase $10 bil of its shares
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: Floating Rate Global 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: amending 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

Intel INTC: 7/27/11 8K re: election of Andy D. Bryant to Board of Dirs.
7/21 & 7/20/11 8Ks re: 3Q results ended 7/2/11
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: 7/26/11 10Q & 7/19/11 & 7/18/11 8Ks re: results for quarter ended 6/30/11
7/21/11 8K re: underwriting agreement re: issuance of $2 bil of debt
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: 7/27/11 & 7/21/11 8Ks re: legal opinions re: debt issues
7/14/11 8K re: investor presentation re: 2Q results
7/14/11 8K re: 2Q results
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

Johnson & Johnson JNJ : 7/19/11 8K re: selling of Ortho Dermatologics Div.
7/19/11 8K re: 2Q results 7/3/11
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: 7/14/11 8K re: change of exec vp.
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: 7/26/11 8K re: amendment to Bylaws
7/22/11 8K re: 2Q results ended 6/30/11
7/1/11 Prospectus re: issuance of 3,430,000 shares of commons stock 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: Investor 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: 7/29/11 8K re: 2Q results
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: 7/28/11 10K year ended 6/20/11
7/21/11 8K re: 4Q & year end results
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:8/2/11 8K re: 2Q results
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: 7/12/11 8K re: quarterly dividend of 0.525 cents payable 8/15 to recorder holders on 7/22
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

3M MMM: 7/26/11 8K re: 2Q results
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 Proxy 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

Travelers TRV: 7/21/11 & 7/21/11 8K re: Qtr. ended 6/30/11
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 annual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 7/25/11 10Q & 7/2011 8K re quarter ended 6/30/11
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: 7/28/11 10Q & 7/25/11 8K re: quarter ended 6/30/11
7/22/11 8K re: replacement of Ivan Seidenberg as CEO with Lowell C. McAdam effective 8/1/11
6/24/11 8K re: Guarantee 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