12/7/11 Wed pm Dow closes at 12,196.37 up 46.24 or 0.38%

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Post No. 1,359 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 December 1, 2011.

The Dow Jones Industrial Average closed Wednesday at 12,196.37 up 46.24 or 0.38% from Tuesday's close of 12,150.13. Of the 30 Dow components 22 gained and 8 declined. The biggest gainer dollar-wise was IBM
$194.05 +1.11 0.58% 5,043,669 NYSE and percentage-wise was JPMorgan JPM
$34 +0.77 2.32% 44,254,955 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $94.89 -1.07 1.12% 8,129,595 NYSE.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 13.14 up from Tuesday's trailing P/E ratio of 13.09 (year ago it was 14.48); Wednesday's P/E estimate is 12.35 unchanged from Tuesday's P/E estimate of 12.35 (year ago it was 13.33), and today's dividend yield is 2.59 down from Tuesday's dividend yield of 2.60 (last year it was 2.52). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,611.50 up 6.11 from Tuesday's closing numerator of 1605.39. 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 Wednesday's Dow Jones Industrial Average was $53.72 up 0.21 from Tuesday's average closing price of $53.51. The median closing price of Wednesday's Dow Jones Industrial Average was $44.41 (DD/HD up $0.28 from Tuesday's median closing price of $44.13. The lowest volume was 3M MMM
$82.39 +0.26 0.32% 4,291,617 NYSE and the highest volume again was Bank of America BAC $5.89 +0.11 1.9% 240,311,430 NYSE.

If Wednesday 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 $611 ($161,150 - $160,539).

MarketWatch Wednesday 12/7/11 4:55 pm by Kate Gibson says US stocks on Wednesday closed near to where they began, with the Dow industrials displaying the most strength, as investors crossed their fingers two days ahead of a European Union summit. “We’ve got two big days ahead of us, which has freaked out the shorts, as people are assuming there will be an announcement that will buy us more time,” Peter Boockvar, equity strategist at Miller Tabak, said of a European Union summit on Friday. The bigger deal is how the European Central Bank responds to recent events, said Boockvar of conflicting messages that crossed computer screens late in Wednesday’s session. Japan’s Nikkei news agency reported the Group of 20 was considering a $600 billion International Monetary Fund lending program, but CNBC cited an IMF official who said no such plan was being considered. After a two-day decline, the Dow Jones Industrial Average gained 46.24 points, or 0.4%, to end at 12,196.37, supported by a 2.3% rise in JPMorgan Chase & Co. after the bank said it has the authority to buy back additional shares after spending less than regulators allowed on dividends.
The S&P 500 Index added 2.54 points, or 0.2%, to 1,261.01, while the Nasdaq Composite Index declined fractionally to 2,649.21. Advancers edged ahead of decliners on the New York Stock Exchange, where 968 million shares traded. Composite volume topped 4.1 billion. “When people are afraid, you’re going to get these big swings, because the foundation isn’t there for certainty,” said Kim Caughey Forrest, senior equity analyst at Fort Capital in Pittsburgh. “In general you have to have a bit of optimism when you look at the U.S. economy, but we’re being nagged by Europe,” said Jim Dunigan, managing executive of investments at PNC Wealth Management. In separate statements Wednesday, Standard & Poor’s said the European Union’s AAA long-term rating and some of the region’s biggest financial institutions could be downgraded. Investors largely have held out hope this week that European Union leaders would reach agreement Friday on a plan that would help the 17 nations that use the euro to further connect their economies. Those expectations were bolstered by comments from German Chancellor Angela Merkel supporting a stronger fiscal union among euro-zone members. Then late in Tuesday’s session, stocks made a brief surge on a Financial Times report that European leaders are considering letting the euro zone’s existing rescue fund continue running when a larger facility comes into force in the middle of next year, in a bid to bulk up the power of the bailout funds. Read Tuesday's Market Snapshot. But a German official on Wednesday threw cold water on that optimism in comments to reporters in Berlin, causing stocks in Europe giving up their gains after the reports. Read more about European markets. “There are conflicting messages on how much resolve they have in trying to fix the problem,” Dunigan said.“Some of those leaks are suggesting the optimism over what is going to happen may be overstated, and unfortunately we seem to be held hostage to that situation.”

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AT&T T
$29.4 +0.23 0.79% 40,702,658 NYSE

Alcoa AA
$9.9 -0.02 0.2% 20,982,561 NYSE

American Express AXP
$49.16 +0.60 1.24% 6,399,576 NYSE

Bank of America BAC
$5.89 +0.11 1.9% 240,311,430 NYSE

Boeing BA
$70.6 -0.27 0.38% 6,452,683 NYSE

Caterpillar CAT
$94.89 -1.07 1.12% 8,129,595 NYSE

Chevron CVX
$104.52 +0.16 0.15% 10,296,112 NYSE

CSCO
$18.99 +0.26 1.39% 54,839,817 NASDAQ-GS

Coke KO
$66.78 +0.10 0.15% 8,403,498 NYSE

Disney DIS
$37.1 +0.27 0.73% 9,528,364 NYSE

DuPont DD
$48.08 +0.14 0.29% 5,098,148 NYSE

Exxon XOM
$81.08 +0.26 0.32% 19,590,976 NYSE

GE
$16.74 +0.02 0.12% 65,183,970 NYSE

Hewlett-Packard HPQ
$28.41 +0.23 0.82% 17,896,298 NYSE

Home Depot HD
$40.73 +0.41 1.02% 12,165,752 NYSE

Intel INTC
$25.66 +0.31 1.22% 54,706,447 NASDAQ-GS

IBM
$194.05 +1.11 0.58% 5,043,669 NYSE

JPMorgan JPM
$34 +0.77 2.32% 44,254,955 NYSE

Johnson & Johnson JNJ
$64.45 +0.96 1.51% 11,459,348 NYSE

Kraft KFT
$36.35 -0.16 0.44% 8,485,141 NYSE

McDonald's MCD
$96.45 +0.44 0.46% 5,073,101 NYSE

Merck MRK
$35.61 +0.21 0.59% 20,821,251 NYSE

MSFT
$25.6 -0.06 0.23% 62,591,952 NASDAQ-GS

Pfizer PFE
$20.47 +0.24 1.19% 47,545,578 NYSE

Procter & Gamble PG
$65.23 +0.39 0.6% 11,095,518 NYSE

3M MMM
$82.39 +0.26 0.32% 4,291,617 NYSE

Travelers TRV
$55.9 +0.55 0.99% 6,472,042 NYSE

United Technologies UTX
$76.25 -0.06 0.08% 5,179,774 NYSE

Verizon VZ
$38.31 -0.01 0.03% 12,101,769 DualListed

Walmart WMT
$58.51 -0.27 0.46% 15,706,926 NYSE




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The following are excerpts from Wed. morning's Blog.

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

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12150.13 up 52.3 or 0.43% from Monday's close of 12,097.84. For the year the Dow is up 4.95%. Of the 30 Dow components 17 gained, Kraft and Procter and Gamble were unchanged and 11 declined. The biggest gainer dollar-wise was IBM $192.94 +2.10 1.1% 4,115,428 NYSE and percentage-wise was GE $16.72 +0.39 2.39% 82,687,634 NYSE. The biggest decliner dollar-wise and percentage-wise was Caterpillar CAT $95.96 -0.89 0.92% 6,441,548 NYSE.

WSJ pC4 "Blue Chips advance 52 points" by Steve Russolillo says the Dow closed higher after reports of 2 separate rescue funds that could bolster efforts to stem Europe's debt crisis. 3M paced the Dow rising $1.20 after it forecast earnings & sales for its coming fiscal year mostly ahead of expectations. GE rose 39 cents. Pfizer added 39 cents, too.

Fin Times p24 "Cheaper meals do little to spark appetite for Darden restaurants" by Ajay Makan says shares in Darden tumbled as steep discounts failed to attract customers to its flagship Olive Garden chain in Nov.

NYT pB10 "Markets optimistic a resolution to the Euro crisis will be found" by Bloomberg says stocks rose on Tues sending the S&P higher a second day, on speculation that European leaders may act to contain the debt crisis after S&P put 15 euro nations on review for possible downgrade.

USA Today p6B "Dow, S&P climb on European hopes: Nasdaq slides a bit" by Bloomberg says stocks rose Tues, sending the S&P higher a 2nd day amid optimism that Europe is discussing larger efforts to fight the debt crisis. 3M rallied $1.0 as it expects earnings per share of $6.25 to $6.50 next year. GE added 39 cents as Sanford Bernstein raised its recommendation to outperform citing rising dividends & energy orders starting in '12.

Tuesday's Dow Jones Industrial Average closing numerator was 1,605.39 up 6.91 from Monday's closing numerator of 1,598.48. 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 $53.51 up 0.23 from Monday's average closing price of $53.28. The median closing price of Tuesday's Dow Jones Industrial Average was $44.13 (DD/HD up $2.50 from Monday's median closing price of $41.63. . The lowest volume was United Technologies UTX $76.31-0.33 0.43% 3,549,707 NYSE and the highest volume again was Bank of America BAC $5.78 -0.01 0.17% 253,670,178 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 $691 ($160,539 - $159,848).

MarketWatch Tuesday 12/6/11 4:52 pm by Kate Gibson says US stocks on Tuesday mostly extended the prior day’s gains with Wall Street on standby ahead of what is viewed as a crucial European Union summit at the end of the week. “It’s very unrealistic to think they could disappoint us again when expectations are so high. If they do come out with a credible plan I think it’s going to help sustain the rally, so everyone is watching and waiting,” said Alan Skrainka, chief investment officer at Cornerstone Wealth Management. “I take all of these rumors and headlines with a grain of salt. We won’t know for certain until they come out with a plan,” said Skrainka of a Financial Times report that broke late in Tuesday’s session, causing a short-lived surge that had all three indexes lifted into positive turf.
After climbing nearly 120 points, the Dow Jones Industrial Average finished with a gain of 52.30 points, or 0.4%, at 12,150.13. Dow component General Electric Co. gained 2.4% after Bernstein Research upgraded the conglomerate to outperform, citing solid fundamentals and anticipated dividend increases. Also bolstering the blue-chip index, 3M Corp. rose 1.5% after the diversified manufacturer projected 2012 earnings mostly in line with estimates and a mild margin improvement. The S&P 500 rose 1.39 points, or 0.1%, to 1,258.47, with the natural-resource sector up the most among its 10 industry groups and consumer discretionary the laggard. Notable decliners included Darden Restaurants Inc. which fell 12% after the restaurant chain lowered its sales and profit outlook for 2012. The Nasdaq Composite fell 6.20 points, or 0.2%, to 2,649.56. Advancers edged just ahead of decliners on the New York Stock Exchange, where 802 million shares traded. Composite volume topped 3.7 billion. The Financial Times reported negotiations were underway to form two separate rescue funds to stem Europe’s debt crisis. The paper cited senior European officials in its report, which said negotiators are considering letting the euro zone’s existing rescue fund continue running when a larger facility comes into force in the middle of next year. “The unfortunate piece of this entire puzzle is what if we have another summit and walk away with nothing? No news would be a disaster here because we have greater expectations than Charles Dickens ever wrote about,” said Art Hogan, a strategist at Lazard Capital Markets.
With hopes raised that the EU meeting Friday would result in a solid plan to address the region’s debt crisis, borrowing costs in Italy came off levels seen as unsustainable. Italy’s benchmark 10-year Treasury yield was lately at 5.835%, down from the 7.56% required by investors at Italy’s last auction of those notes. The rise in yields above 7% edged the euro zone’s third-largest economy closer to a sovereign default. At the EU summit, finance ministers and other leaders are expected to discuss a coordinated budgetary process and coherent fiscal oversight.
“It’s a quiet week for economic data and events in the U.S., and that leaves us with Europe. And I do think there has been some significant progress made,” said John Connelly, a strategist at LPL Financial. On Monday, rating agency Standard & Poor’s said it might cut the sovereign credit rating of 15 euro-zone nations, with the initial reports prompting Wall Street to scale back gains late in the session.

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

Symbol Last Sale Change % Change Share Volume Market
AT&T T $29.17 +0.02 0.07% 17,009,401 NYSE: WSJ pA7 "Wild, wild wireless" by Homan Jenkins, Jr. says under the Verizon-Comcast deal, Comcast, Time Warner & Bright House will sell the unused wireless spectrum to Verizon. AT&T & Verizon need more customers to generate rev to expand infrastructure. The write criticizes today's outmoded legislative structure and says the gov should allow AT&T to buy T-Mobile.

Fin times p14 "Mobile payments" says every big carrie globally wants to get in on mobile phone payments. AT&T, T-Mobile USA & Verizon have formed a US mobile payments jv called Isis.

Alcoa AA $9.92 -0.08 0.8% 21,309,222 NYSE: No mentions found.

American Express AXP $48.56 -0.22 0.45% 5,520,607 NYSE: No mentions found.

Bank of America BAC $5.78 -0.01 0.17% 253,670,178 NYSE: WSJ pB1 "The battle over too big to fail continues" by David Reilly says the biggest banks have grown. The 4 biggest, JPMorgan, Bank of America, Citigroup & Wells Fargo, have assets equal to 62% of total comm'l bank assets up from 54% 5 years ago.

WSJ pC4 "Merrill's mortgage deal" by Dan Fitzpatrick, USA Today p2B "BofA settles suit for $315 Mil" by AP, NYT pB8 "Bank settles securities case" by AP say Bank of America's Merrill group will pay $315 mil to end a mortgage securities lawsuit in a preview of what could be a long line of settlements. The case was brought by pension funds led by the Public Employees' Retirement System of Miss.

Boeing BA $70.87 -0.22 0.31% 4,623,791 NYSE: WSJ pB3 "A Boeing accord looms to defuse big NLRB fight" by David Kesmodel says union members on Wed will approve a labor agreement that will clear the way for the dismissal of a dispute between it and the NLRB about relocating jobs.

Fin Times p18 "banks withdraw from aircraft financing" by Andrew Parker says airlines will lease more as banks are leaving the aircraft financing business.

Caterpillar CAT $95.96 -0.89 0.92% 6,441,548 NYSE: No mentions found.

Chevron CVX $104.36 +1.54 1.5% 7,440,788 NYSE: No mentions found.

CSCO $18.73 -0.06 0.32% 29,131,179 NASDAQ-GS: No mentions found.

Coke KO $66.68 +0.37 0.56% 8,236,871 NYSE: WSJ pB7 "Burger King to put Coke Freestyle in stores" by Paul Ziobro says Burger King will put this soda fountain in all 850 US company owner stores.

Disney DIS $36.83 -0.11 0.3% 6,560,062 NYSE: USA Today p1B "Watching TV get personal" by Mike Snider says Microsoft's Xbox 360 video game is the first game system to have a Netflix streaming app. Now its bringing in live TV from Verizon FiOS & the Epix movie channel to complement current offerings of ESPN (owned by Disney) and Hulu Plus (partially owned by Disney).

DuPont DD $47.94 -0.04 0.08% 5,106,598 NYSE: No mentions found.

Exxon XOM $80.82 +0.37 0.46% 20,112,551 NYSE: No mentions found.

GE $16.72 +0.39 2.39% 82,687,634 NYSE: WSJ pC3 "GE finance arm to seek deposits" by Kate Linebaugh says GE's finance arm will launch an Internet based effort to attract retail deposits in the US next year, an experiment aimed at shoring up its funding base. GE Capital is bigger than all but 7 US banks, but its wholesale funding model had made it go to the markets to raise the money it uses to make loans. Deposits are very stick and a safer funding base.

WSJ pC4 "Blue Chips advance 52 points" by Steve Russolillo says the Dow closed higher after reports of 2 separate rescue funds that could bolster efforts to stem Europe's debt crisis. 3M paced the Dow rising $1.20 after it forecast earnings & sales for its coming fiscal year mostly ahead of expectations. GE rose 39 cents. Pfizer added 39 cents, too.

USA Today p6B "Dow, S&P climb on European hopes: Nasdaq slides a bit" by Bloomberg says stocks rose Tues, sending the S&P higher a 2nd day amid optimism that Europe is discussing larger efforts to fight the debt crisis. 3M rallied $1.0 as it expects earnings per share of $6.25 to $6.50 next year. GE added 39 cents as Sanford Bernstein raised its recommendation to outperform citing rising dividends & energy orders starting in '12.

Hewlett-Packard HPQ $28.18 +0.06 0.21% 17,247,036 NYSE: No mentions found.

Home Depot HD $40.32 +0.09 0.22% 12,491,904 NYSE: No mentions found.

Intel INTC $25.35 +0.34 1.36% 48,860,159 NASDAQ-GS: No mentions found.

IBM $192.94 +2.10 1.1% 4,115,428 NYSE: No mentions found.

JPMorgan JPM $33.23 -0.28 0.84% 38,777,552 NYSE: WSJ pB1 "The battle over too big to fail continues" by David Reilly says the biggest banks have grown. The 4 biggest, JPMorgan, Bank of America, Citigroup & Wells Fargo, have assets equal to 62% of total comm'l bank assets up from 54% 5 years ago.

Johnson & Johnson JNJ $63.49 +0.13 0.21% 10,413,457 NYSE: No mentions found.

Kraft KFT $36.51 unch unch 8,140,795 NYSE: No mentions found.

McDonald's MCD $96.01 +0.66 0.69% 5,346,474 NYSE: No mentions found.

Merck MRK $35.4 +0.14 0.4% 13,886,235 NYSE: NYT pB2 "China's allure in drug research" says Merck pledged on Tues to invest $1.5 bil in r&d in China over 5 years.

MSFT $25.66 -0.04 0.16% 46,141,789 NASDAQ-GS: Fion times p15 "Android hits 10bn to narrow app gap with Apple" by Tim Bradshaw says Google is bridging the app gap between its Android smartphones & Apple's rival iPhone. In 3Q '11, Andorid had 52.5% of smartphones sold globally compared with Apple's 15%, Blackberry's 11% & Microsoft's 1.5%.

USA Today p1B "Watching TV get personal" by Mike Snider says Microsoft's Xbox 360 video game is the first game system to have a Netflix streaming app. Now its bringing in live TV from Verizon FiOS & the Epix movie channel to complement current offerings of ESPN (owned by Disney) and Hulu Plus (partially owned by Disney).

Pfizer PFE $20.23 +0.39 1.97% 52,547,597 NYSE: WSJ pC4 "Blue Chips advance 52 points" by Steve Russolillo says the Dow closed higher after reports of 2 separate rescue funds that could bolster efforts to stem Europe's debt crisis. 3M paced the Dow rising $1.20 after it forecast earnings & sales for its coming fiscal year mostly ahead of expectations. GE rose 39 cents. Pfizer added 39 cents, too.

Procter & Gamble PG $64.84 unch unch 8,308,539 NYSE: No mentions found.

MMM $82.13 +1.20 1.48% 6,007,609 NYSE: WSJ pC4 "Blue Chips advance 52 points" by Steve Russolillo says the Dow closed higher after reports of 2 separate rescue funds that could bolster efforts to stem Europe's debt crisis. 3M paced the Dow rising $1.20 after it forecast earnings & sales for its coming fiscal year mostly ahead of expectations. GE rose 39 cents. Pfizer added 39 cents, too.

USA Today p6B "Dow, S&P climb on European hopes: Nasdaq slides a bit" by Bloomberg says stocks rose Tues, sending the S&P higher a 2nd day amid optimism that Europe is discussing larger efforts to fight the debt crisis. 3M rallied $1.0 as it expects earnings per share of $6.25 to $6.50 next year. GE added 39 cents as Sanford Bernstein raised its recommendation to outperform citing rising dividends & energy orders starting in '12.

Travelers TRV $55.35 +0.68 1.24% 7,733,032 NYSE: No mentions found.

United Technologies UTX $76.31 -0.33 0.43% 3,549,707 NYSE: No mentions found.

Verizon VZ $38.32 +0.27 0.71% 13,699,693 DualListed: WSJ pB6 "Verizon discusses online video service with media firms" by Sam Schechner says Verizon is considering a new online subsc ription service offering older movies & TV shows, adding a new combatant to the war for online video subscribers. It wold be similar to Netflix & Amazon.com.

WSJ pA7 "Wild, wild wireless" by Homan Jenkins, Jr. says under the Verizon-Comcast deal, Comcast, Time Warner & Bright House will sell the unused wireless spectrum to Verizon. AT&T & Verizon need more customers to generate rev to expand infrastructure. The write criticizes today's outmoded legislative structure and says the gov should allow AT&T to buy T-Mobile.

WSJ pB1 "War over the digital wallet" by Amir Efrati, USA Today p2B "Verizon Wireless blocks Google Wallet on Galaxy Nexus" by Peter Svensson, AP say Google will bow to a demand by Verizon Wireless and withhold Google's mobile payment tech from devices sold by Verizon. Google claims Verizon is blocking its Google Wallet app from being pre-loaded on its smartphone. The new phone, the Galaxy Nexus is powered by Google's Android sofware.

USA Today p1B "Watching TV get personal" by Mike Snider says Microsoft's Xbox 360 video game is the first game system to have a Netflix streaming app. Now its bringing in live TV from Verizon FiOS & the Epix movie channel to complement current offerings of ESPN (owned by Disney) and Hulu Plus (partially owned by Disney).

Walmart WMT $58.78 +0.44 0.75% 11,396,856 NYSE: WSJ pC16 "Free shipping puts retailers in box" by John Jannarone says at Walmart more than half of online orders are picked up at stores. It is testing a program that would make local deliveries from stores.

Fin Times p16 "Who is afraid of the big bad box store?" by james Lamont discusses India's decision to delay allowing Walmart in.
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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 Meg Whitman (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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
Wal-Mart WMT Mike Duke (Bentonville, ARK)

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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 12/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $302.5 [5]
2. IBM 223 [1]
3. Microsoft MSFT 212 [8.5]
4. Chevron CVX 203 [2]
5. WalMart WMT 202 [3.5]
6. Procter & Gamble PG 176.5 [3]
7. Johnson & Johnson JNJ 176 [3]
8. AT&T T 171 [6]
9. GE 168 [10.5]
10. Pfizer PFE 154 [7.5]
11. Coke KO 152 [2.5]
12. Intel INTC 131 [5]
13. JPMorgan Chase JPM 116 [4]
14. Merck MRK 109 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 98 [1]
18. United Technologies UTX 69.5 [1]
19. Disney DIS 64.5 [2]
20. Kraft KFT 64.5 [2]
21. Caterpillar CAT 62.5 [.5]
22. Home Depot HD 60.5 [1.5]
23. Bank of America BAC 56 [10]
24. 3M MMM 56 [.5]
25. Hewlett-Packard HPQ 56 [2]
26. American Express AXP 55.5 [1]
27. Boeing BA 53 [1]
28. DuPont DD 43.5 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 12/1/11:

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

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
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

Alcoa AA: 11/16/11 8K re: exec changes
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: 11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
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

Bank of Am BAC: 12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
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

Boeing BA: 11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
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: 11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
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

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

Cisco CSCO 11/22/11 10Q & 8K for Qtr ended 10/29
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

Coke KO 11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
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

Disney DIS 11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
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

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
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: 11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
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

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
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

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
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: 11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
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

Johnson & Johnson JNJ : 11/30/11 8K re: purchase of synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
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

Merck MRK: 12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 11/17/11 8K re: votings results from Annual Shareholder Meeting
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: 11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
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

3M MMM: 11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
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

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

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
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: 11/15/11 8K re: results for 3 & 9 months ended 10/31/11
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