11/9/11 Wed am Microsoft Accused of Handheld Device Antitrust Charges

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Post No. 1,310 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 November 1, 2011.

A read of the print editions of Wednesday's The Wall St. Journal, Financial Times, New York Times, Investor's Business Daily, Int'l Herald Tribune & USA Today 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 Tuesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,170.18 up 101.79 or 0.84% from Monday's close of 12,068.39. Of the 30 Dow components 27 gained and 3 declined. For the year the Dow is up 5.1%. The biggest gainer dollar-wise and percentage-wise was 3M MMM $81.83 +2.14 2.69% 4,159,810 NYSE. The biggest decliner dollar-wise was IBM $187.25 -0.07 0.04% 4,295,975 NYSE and percentage-wise was Hewlett-Packard HPQ $27.84 -0.04 0.14% 17,171,923 NYSE.

WSJ pC4 "Stocks rise from ashes as Italy douses fire" by Brendan Conway says stocks advanced as the planned resignation of Italian Prime Minister Berlusconi was seen as a step toward resolving the nation's part in Europe's sovereign debt crisis.

Fin Times p22 "Fin'ls & resources help S&P keep its grip on positive territory" by Ajay Makan says shares in Wells Fargo rose after it said it had settled a long running legal dispute. JPMorgan the only bank other than Citigroup that may face a 2.5% capital surcharge was up 2.3%.

USA Today p4B "Italiam prime minister's offer to quit sends stocks up again" by Bloomberg says stocks rallied a second straight time as Berlusconi's offer to resign boosted optimism the nation will appoint a new leader who can tame the debt crisis.

NYT pB8 "Markets turn higher after Berlusconi offers to resign" by ChrisHauser says stocks gyrated Tues before ending higher on a day of significant political developments in Italy, the latest nation to come under fire in the drawn out euro zone debt crisis.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C6 of Tuesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 13.09 up from Tuesday's trailing P/E ratio of 12.98 (year ago it was 14.51); Wednesday's P/E estimate is 12.35 unchanged from Tuesday's P/E estimate of 12.35 (year ago it was 13.46), and Wednesday's dividend yield is 2.56 down from yesterday's dividend yield of 2.57 (last year it was 2.50). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Tuesday's Dow Jones Industrial Average closing numerator was 1,608.04 up 13.45 from Monday's closing numerator of 1,594.59. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $53.60 up 0.45 from Monday's average closing price of $53.15. The median closing price of Tuesday's Dow Jones Industrial Average was $43.45 (DD/VZ) up 0.28 from Monday's median closing price of 43.17. The lowest volume was United Technologies UTX $78.87 +0.53 0.68% 3,738,794 NYSE and the highest volume again was Bank of America BAC $6.53 +0.08 1.24% 217,611,253 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,345 ($160,804 - $159,459).

MarketWatch Tuesday 11/8/11 5:01 pm by Kate Gibson says US stocks overcame a choppy session to end decisively higher Tuesday on reports Silvio Berlusconi would resign as prime minister of Italy as the country works to reign in its debt.
Berlusconi offered to step down as soon as Italy’s Parliament approves austerity measures in a vote expected to occur next week. Italy’s surging borrowing costs have added to investor concerns about Europe, where the chance of a messy default in Greece recently sent shockwaves through markets. Prime Minister Silvio Berlusconi may be on his way out, clearing the way for a new administration to pass last year's budget deal. However, yields on 10-year Italian bonds are still rising and investor interest in euro-zone peripherals is still falling. “Europe is driving a lot of risk assessment in global markets,” said Stephen Wood, chief market strategist for Russell Investments.The Dow Jones Industrial Average added 101.79 points, or 0.8%, to 12,170.18, with 28 of its 30 components on the advance.The S&P 500 Index gained 14.80 points, or 1.2%, to 1,275.92, with energy and materials stocks gaining the most among its 10 sectors.The Nasdaq Composite Index rose 32.24 points, or 1.2%, to 2,727.49.For every stock falling, nearly three gained on the New York Stock Exchange, where 879 million shares exchanged hands.Stock indexes had meandered between gains and losses earlier in the day, after a vote by Italian lawmakers in which Berlusconi’s budget won parliamentary approval, but without a majority — leaving open the question of whether he’d stay in office. While there were never any expectations of a quick resolution to the European Union’s efforts to contain its debt trouble, the latest uncertainty had Wall Street focused on what normally would have been a routine vote in Italy to approve last year’s budget. The measure passed, but with too many abstaining for Berlusconi to claim a majority.“I think we are still in the risk-on, risk-off environment, by and large... We are [still] watching events in Europe, which has a political problem and needs a political solution,” said Wood.

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


Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.46 +0.02 0.07% 19,393,537 NYSE: WSJ pB7 "DOJ eager for AT&T trial to get started" by Tom Catan says Atty Gen Eric Holder said he doesn't file cases they don't want to see through and he is anxious to try the case to stop AT&T's $39 bil takeover of TMobile USA.

Alcoa AA $10.78 +0.03 0.28% 32,560,284 NYSE: No mentions found.

American Express AXP $51.34 +0.09 0.18% 6,480,438 NYSE: No mentions found.

Bank of America BAC $6.53 +0.08 1.24% 217,611,253 NYSE: No mentions found.

Boeing BA $66.65 +0.36 0.54% 4,790,517 NYSE: No mentions found.

Caterpillar CAT $95.89 +0.89 0.94% 7,285,947 NYSE: No mentions found.

Chevron CVX $108.86 +1.14 1.06% 7,676,479 NYSE: No mentions found.

Cisco CSCO $18.31 +0.30 1.67% 49,797,666 NASDAQ-GS: No mentions found.

Coke KO $68.65 +0.44 0.65% 5,968,350 NYSE: USA Today p3B "Coke wins on Facebook" by Jeff Graham says Coke is one of the most popular brand on the social network even though it is only part of Coke's overall $2.9 bil ad strategy.

Disney DIS $35.29 +0.14 0.4% 10,663,270 NYSE: No mentions found.

DuPont DD $49.81 +0.82 1.67% 8,197,946 NYSE: No mentions found.

Exxon XOM $79.76 +0.41 0.52% 18,733,044 NYSE: No mentions found.

GE $16.48 +0.09 0.55% 53,471,590 NYSE: No mentions found.

Hewlett-Packard HPQ $27.84 -0.04 0.14% 17,171,923 NYSE: No mentions found.

Home Depot HD $37.94 +0.60 1.61% 9,397,569 NYSE: No mentions found.

Intel INTC $24.75 +0.47 1.94% 55,394,689 NASDAQ-GS: No mentions found.

IBM $187.25 -0.07 0.04% 4,295,975 NYSE: No mentions found.

JPMorgan JPM $35.02 +0.78 2.28% 30,037,240 NYSE: Fin Times p22 "Fin'ls & resources help S&P keep its grip on positive territory" by Ajay Makan says shares in Wells Fargo rose after it said it had settled a long running legal dispute. JPMorgan the only bank other than Citigroup that may face a 2.5% capital surcharge was up 2.3%.

Johnson & Johnson JNJ $64.86 0.86 1.34% 7,901,186 NYSE: No mentions found.

Kraft KFT $35.48 +0.15 0.42% 7,444,419 NYSE: No mentions found.

McDonald's MCD $94.6 -0.02 0.02% 7,087,341 NYSE: WSJ pB6 "McDonald's reports strong sales for Oct" by Melodie Warner says McDonald's had strong sales for Oct as it benefited from its Monopoly game promotion and its locally relevant menu choices in Europe. Sales rose 5.5% vs expected growth of 4.13%.

Merck MRK $34.47 +0.15 0.44% 13,500,681 NYSE: No mentions found.

Microsoft MSFT $27.16 +0.36 1.34% 47,249,018 NASDAQ-GS: WSJ pB5 "B&N sought Microsoft inquiry" by Tom Catan says Barnes & Nobles lobbied the Justice Dept this summer to open an antitrust probe of Microsoft alleging that it was trying to kill off handheld devices like B&N's Nook ereader with a barrage of frivolous patent suits.

Fin Times p15 "Microsoft, Yahoo & AOL in ad alliance" by Richard Waters, USA Today p1B "Microsoft, Yahoo, AOL team on ad deal" say the 3 will sell each others' excess ad inventory in the US to stem the erosion in pricing that has hit the online display biz with the rise of Google & Facebook.

Pfizer PFE $20.08 +0.01 0.05% 39,785,889 NYSE: No mentions found.

Procter & Gamble PG $64.21 +0.75 1.18% 7,351,554 NYSE: No mentions found.

3M MMM $81.83 +2.14 2.69% 4,159,810 NYSE: No mentions found.

Travelers TRV $59.03 +0.41 0.7% 4,275,152 NYSE: No mentions found.

United Technologies UTX $78.87 +0.53 0.68% 3,738,794 NYSE: No mentions found.

Verizon VZ $37.52 +0.18 0.48% 9,849,377 DualListed: Fin Times p12 "Vodafone" says Vodafone's willinness to pay out dividends has boosted investor interest. Verizon owns 45% in Verizon Wireless with Verizon Comm owning the rest.

Fin Times p15 "Vodafone raises profit outlook" by Dan Thomas says it raised its outlook on the back of a stronger than expected performance in most of its largest markets.

Walmart WMT $59.32 +1.38 2.38% 19,973,571 NYSE: No mentions found.

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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 11/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $379.5 [5]
2. Microsoft MSFT 223 [8.5]
3. IBM 217.5 [1]
4. Chevron CVX 210.5 [2]
5. WalMart WMT 195.5 [3.5]
6. GE 177 [10.5]
7. Johnson & Johnson JNJ 176.5 [3]
8. Procter & Gamble PG 176 [3]
9. AT&T T 173.5 [6]
10. Coke KO 155 [2.5]
11. Pfizer PFE 150.5 [8]
12. JPMorgan Chase JPM 135.5 [4]
13. Intel INTC 129 [5]
14. Merck MRK 106 [3]
15. Verizon VZ 104.5 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 96 [1]
18. United Technologies UTX 70.5 [1]
19. Bank of America BAC 69 [10]
20. Disney DIS 65 [2]
21. Kraft KFT 62 [2]
22. Caterpillar CAT 61 [.5]
23. American Express AXP 60.5 [1]
24. Home Depot HD 56 [1.5]
25. 3M MMM 56 [.5]
26. Hewlett-Packard HPQ 53 [2]
27. Boeing BA 49 [1]
28. DuPont DD 44.5 [1]
29. Travelers TRV 24 [.5]
30. Alcoa AA 11.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 11/1/11:

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

AT&T T: 10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
8/5/11 10Q for quarter ended 6/30/11
8/2/11 8K re: sale of global notes
8/1/11 8K re: tendering of all its shares of Telefonos de Mexcio

Alcoa AA: 10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8/3/1/11
8/15/11 8K re: delinq. & write-off stats for months of May, June, and July 2011
8/3/11 10Q for quarter ended 6/30/11

Bank of Am BAC: 10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
8/29/11 8K re: selling of 13.1 bil shares of China Construct Bank
8/25/11 8K re: sale of securities to Berkshire Hathaway, Inc.

Boeing BA: 10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
8/18/11 8K re: 3 mos. dealer stats
8/12/11 8K re: clarification of order backlog
8/4/11 10Q for quarter ended 6/30/11

Chevron CVX: 10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
8/4/11 10Q for quarter ended 6/30/11

Cisco CSCO 10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
8/24/11 8K re: pre-arranged stock trading plan for CEO John Chambers
8/10/11 8K re: 4Qtr results

Coke KO 10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
9/1/11 8K re: issuance of senior notes
8/24 & 8/8 8Ks re: issuance of securities as an off-alance sheet arrangement re: Coca-Cola Refreshments USA, Inc.
8/1/11 10Q 2 results ended 7/1/11

Disney DIS 10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
8/19/11 8K re: sale of $750 mil of Global Notes
8/19 10Q & 8/9 8K re: results of quarter ended 7/2/11

DuPont DD: 10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
8/8/11 10Q for quarter ended 6/30/11

ExxonMobil XOM: 10/27/11 8K re: 3Qtr results
8/4/11 10Q for quarter ended 6/30/11

GE: 10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchase of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
8/19/11 8K re: offer to purchase Autonomy Corp plc
8/18/11 8K re: 3rd Quarter results ended 7/31/11

Home Depot HD: 9/1/11 10Q for quarter ended 7/31/11
8/16/11 8K re: results of quarter ended 7/31/11

Intel INTC: 10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
8/8/11 10Q for quarter ended 7/2/11

IBM: 10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
9/13/11 8K re: FD Disclosure re: guidance given at investor conference
8/24/11 8K re: Master Agency Agreement re: Notes offering from time to time
8/10/11 8K re: closing of sale of $1.25 bil of 4.35% notes due 2021
8/5/11 8K re: 10Q for quarter ended 6/30/11
8/5/11 8K re: closing of sale of notes due 2016

Johnson & Johnson JNJ : 10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
8/9/11 10Q for quarter ended 7/3/11

Kraft KFT: 9/7/11 8K re: FD Disclosure re: presentation at investor conference
8/5/11 10Q for quarter ended 6/30/11
8/14/11 8K re: amendment of severance agreement with ex-CFO Tim McLevish
8/4/11 8K re: Board of Dirs. intent to spin off global snack business & a N. Amer. grocery business
8/4/11 8K re: 2nd quarter results for quarter ended 6/30/11

McDonald's MCD: 10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
9/12/11 8K re: August sales
8/19/11 8Ka re: plans to hold annual advisory vote on exec compensation
8/8/11 8K re: investors release
8/5/11 10Q for quarter ended 6/30/11

Merck MRK: 10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
8/8/11 10Q for quarter ended 6/30/11

Microsoft MSFT: 10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 8/11 10Q for quarter ended 7/3/11
8/2/11 8K re: 2Q results

Procter & Gamble PG: 10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
8/26/11 Def. 14A Proxy Statement for Notice of Annual Meeting of Shareholder on 10/11/11
8/15/11 8K re: closing of public offering of $1 bil 1.4% Notes due '16
8/10/11 10K for year ended 6/30/11
8/5/11 8K re: results for quarter ended 6/30/11

3M MMM: 10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
8/30/11 8K re: $200 mil credit agreement with HSBC Bank
8/10/11 8K re: $1.5 bil 5 year revolving credit agreement with J.P.Morgan Chase
8/4/11 10Q for quarter ended 6/30/11
8/2/11 2 8Ks re: adoption of executive pre-arranged stock trading plans
8/2/11 8K re: results of 2nd quarter

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
8/8/11 8K re: restatement of articles of incorporation to cancel Series B Conv. Pref. Stock

United Technologies UTX: 10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
9/1/11 10Q for quarter ended 7/31/11
8/16/11 8K re: results for 3 and 6 months ended 7/31/11