1/15/12 Sun/Sat NY Times Profiles Bank of America's Image Maker

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Post No. 1,423 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 January 1, 2012.

A read of the print editions of Monday's Barron's, Tuesday's Investor's Business Daily, the Saturday and Sunday combined issues of each of the Wall St. Journal and the Financial Times, and Sunday's and Saturday's New York Times and Atlanta Journal Constitution yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,422.06 up 48.96 or 0.39% from Thursday's close of 12,471.02. For the week the Dow is up 62.14 or 0.50% from last Friday's close of 12,359.92. For the year the Dow is up 1.67%. Of the 30 Dow components 9 gained, 2 (Procter & Gamble and Verizon were unchanged) and 19 declined. The biggest gainer dollar-wise and percentage-wise was Chevron CVX $106.09 +1.12 1.07% 8,262,538 NYSE. The biggest decliner dollar-wise was IBM $179.16 -1.39 0.77% 5,265,619 NYSE and percentage-wise was Hewlett-Packard HPQ $26.49 -0.46 1.71% 11,788,519 NYSE.

Inv. Bus. Daily pA1 "Stocks suffer distribution, but leaders stay strong" by Paul Whitfield says stocks retreated in mixed volume Fri as downgrades of European debt pressured the U.S. indexes. Friday's action was down in mixed volume as the current outlook is the market is in a confirmed uptrend.

WSJ pB4 "Downgrade fears hurt US stocks" by Jonathan Cheng says US stocks declined but squeaked out an advance for the week, as fears of a credit downgrade of several eurozone countries added to disappointing results from JPMorgan. Bank of America led the Dow decliners losing 18 cents as the WSJ reported it was willing to retreat from some parts of the country if its fin'l problems deepen. Intel dropped 61 cents and United Technologies gave up 1.16.

Sat. NYT pB7 "After 4 days of gains, shares slip backward" by Reuters says stocks snapped a 4 day winning streak on Fri after news reports that S&P would downgrade credit ratings on several euro zone nations.

As of the close of the market Friday, the current divisor for the Dow Jones Industrial Average found at page B5 of Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E ratio is 13.50 up from Friday's trailing P/E ratio of 13.49 (year ago it was 14.87); today's P/E estimate is 11.92 unchanged from yesterday's P/E estimate of 11.92 (year ago it was 12.75), and Saturday's dividend yield is 2.58 up from yesterday's dividend yield of 2.57 (last year it was 2.44). 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 1,641.32 down up 6.46 from Thursday's closing numerator of 1,647.78. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator decrease for today by the divisor (0.132129493) you get the decrease 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 $54.71 down up $0.22 from Thursday's average closing price of $54.93. The median closing price of Friday's Dow Jones Industrial Average was $45.96 (DD/HD) up $0.21 from Thursday's median closing price of $45.75. The lowest volume was Travelers TRV $59. NYSE and the highest volume again was Bank of America BAC $6.61 -0.18 2.65% 336,085,010 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $646 ($164,778 - $164,132).

MarketWatch Friday 1/13/12 5:15 pm by Kate Gibson says U.S. stocks fell Friday, denting weekly gains, after J.P. Morgan Chase & Co. reported a profit drop and as investors fretted a possible Greek default and coming downgrades of euro-area nations. Nick Raich, director of research at Key Private Bank in Cleveland, chalked up the end-of-week slide to “JP Morgan’s earnings, possibly the fear of Greece defaulting and the overhang of will the French lose their triple-A credit rating.’” France’s finance minister confirmed his nation’s rating would be downgraded by one notch, Dow Jones Newswires and other news services reported during the session. After the close of trading, Standard & Poor’s said it had lowered the long-term ratings of Italy, Portugal, and Spain by two notches, and the long-term ratings of Austria and France by one notch. The ratings agency said initiatives taken by European policymakers in recent weeks may fall short of fully addressing systemic stresses in the euro zone. After a 159-point fall, the Dow Jones Industrial Average DJIA -0.39% finished with a loss of 48.96 points, or 0.4%, at 12,422.06. J.P. Morgan Chase JPM -0.03% led the declines that included 21 of its 30 components. The blue chips tallied a second consecutive weekly rise, up 0.5% from last Friday’s close. The first major U.S. bank to report results for the fourth quarter, J.P. Morgan reported revenue fell to $22.2 billion on an adjusted basis, below Wall Street estimates of roughly $23 billion. The bank’s business is diversified, so it “gives you some flavor” for the coming week, when about 25% of the S&P 500 report results, including a slew of financial firms. Read analysis of J.P. Morgan earnings. “The revenue miss was disappointing, but the banking side for J.P. Morgan was good, so depending on whether you’re an asset manager or a commercial bank, that will dictate results,” said Raich. Up 0.9% for the week, the S&P 500 Index SPX -0.49% declined 6.41 points, or 0.5%, to 1,289.09 Friday, with financials hammered hardest among its 10 industry sectors. The Nasdaq Composite Index COMP -0.52% lost 14.03 points, or 0.5%, to 2,710.67, a level that has it up 1.4% from last Friday’s close. For each stock rising nearly two fell on the New York Stock Exchange, where 827 million shares exchanged hands. Composite volume topped 3.6 billion. Oil finished the week at $98.70 a barrel, with February futures CL2G -0.07% down 2.8% from the week-ago close. Gold futures GC2G -0.45% ended their session at $1,630.80 an ounce, up 0.9% from last Friday’s close. U.S. Treasury prices gained, with the yield on the 10-year note 10_YEAR -0.11% falling 6 basis points to 1.87%. Greece’s creditor banks are taking a break in discussions with the government in Athens after unsuccessful talks geared at determining the amount investors stand to lose by swapping their bonds. Proposals by a panel representing financial firms failed to yield a “constructive consolidated response by all parties,” according to a statement released Friday by the Institute of International Finance. Read account of breakdown in Greece talks. A report showing consumer sentiment rose in January failed to boost equities. In addition, Italy’s 3-year bond auction was “a mild disappointment to start the day,” said Art Hogan, a market strategist at Lazard Capital Markets, with the country raising 4.75 billion euros, but to tepid demand.

Friday's Closing Dow Numbers and Saturday's and Sunday's News:

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.07 +0.05 0.17% 22,070,216 NYSE: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Alcoa AA
$9.8 -0.13 1.31% 32,676,987 NYSE: Inv. Bus. Daily pA2 "In brief" says Alcoa said it will continue with plans to close its smelter in italy despite outcry from the Italian gov't as the closure will cut ,500 jobs. Alcoa will also close smelters in Spain as part of its plan to cut costs.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

American Express AXP
$49.76 -0.11 0.22% 5,708,737 NYSE:

Bank of America BAC
$6.61 -0.18 2.65% 336,085,010 NYSE: Sunday NYT Bus p1 "The image officer with a lot to fix" by Louise Story and Gretchen Morgenson is an in depth profile consisting of a quarter page of the first page of the Business section and an entire page on the jump of Anne Finucane whose challenge is to make Bank of America look good again after giving up its largest bank status to JPMorgan. Article discusses her marriage to Boston columnist Mike Barnicle and how she is friends with the Kennedy's and Barney Frank and she isn't a banker but a powerful pr person. I can't put my finger on it but there is something unsettling about the article, as if she is the person putting the perfume on the rotting wound instead of bringing in a surgeon to fix the problem.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

WSJ pB4 "Downgrade fears hurt US stocks" by Jonathan Cheng says US stocks declined but squeaked out an advance for the week, as fears of a credit downgrade of several eurozone countries added to disappointing results from JPMorgan. Bank of America led the Dow decliners losing 18 cents as the WSJ reported it was willing to retreat from some parts of the country if its fin'l problems deepen. Intel dropped 61 cents and United Technologies gave up 1.16.

Boeing BA
$74.6 -0.91 1.21% 4,640,012 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Caterpillar CAT
$102.48 +0.54 0.53% 9,350,229 NYSE:

Chevron CVX
$106.09 +1.12 1.07% 8,262,538 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Cisco CSCO
$19.06 -0.09 0.47% 32,051,037 NASDAQ-GS: Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Coca-Cola KO
$66.99 -0.58 0.86% 9,972,138 NYSE: Sat AJC pA9 "McDonald's extends Olympic sponsorship" says McDonalds will remain a top level sponsor through the 2020 Summer games. Other top tier sponsors who have renewed their partnership through 2020 includes Coca-Cola, GE, and Procter & Gamble.

Walt Disney DIS
$38.4 -0.33 0.85% 9,877,327 NYSE: Barron's p43 "Who's No. 1? In this case, 3D" by Mark Veverka says Disney's ESPN broadcast the BCS in 3D, its third 188th live 3D broadcast since launching its 3D channel in June '10 and its was a high quality sensory experience.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

DuPont DD
$48.4 +0.30 0.62% 6,027,114 NYSE: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

WSJ pB7 "How to profit from analysts' stock recommendations" by jack Hough says Transparent Value Index gives DuPont high marks.

ExxonMobil XOM
$84.88 +0.14 0.17% 15,538,772 NYSE: Barron's p46 "In God we trust" by J.R. Brandstrader interviewed George Schwartz & Richard Platte, Portfolio managers with Ave Maria Rising Dividend Fund. 3M makes up 3.2% of its portfolio and they call it a "Money machine" as it has lifted dividend for 53 years due to creating new proprietary products. The biggest holding is Exxon and they like Exxon saying they like that Exxon has reduced its shares by 30% over the last decade.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

GE
$18.84 -0.09 0.48% 41,990,442 NYSE: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Sat AJC pA9 "McDonald's extends Olympic sponsorship" says McDonalds will remain a top level sponsor through the 2020 Summer games. Other top tier sponsors who have renewed their partnership through 2020 includes Coca-Cola, GE, and Procter & Gamble.

Hewlett-Packard HPQ
$26.49 -0.46 1.71% 11,788,519 NYSE: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p50 "Mailbag" has a letter saying paying Hewlett-Packard's CEO $25 mil in severage to go away was a bargain considering the damage he was doing.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

NYT pB1 "Apple lists its supplies for 1st time" by Nick Wingfield and Charles Duhigg says Apples released a list of its major suppliers joining other big ALmerican firms such as Hewlett-Packard, Intel and Nike which have released similar lists.

Home Depot HD
$43.51 +0.12 0.28% 8,053,015 NYSE: Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Intel INTC
$25.14 -0.61 2.37% 63,209,294 NASDAQ-GS: Inv. Bus. Daily pB2 "Retail stocks well represented among landscape of top stocks" by Vincent Mao lists Intel as the tenth spot of the Bottom Ten of IBD's biggest price changes among IBD 50 stocks as Intel dropped 0.4% for the week.

Barron's p42 "CES report card: A for Intel, B for Microsoft" by Tiernan Ray says Intel gets an A for demonstrating promise and doing a good launch of its ultrabooks. Microsoft gets a B for effort as its Windows * was a big event in computing at the Consumer Electronics Shows.

WSJ pB4 "Downgrade fears hurt US stocks" by Jonathan Cheng says US stocks declined but squeaked out an advance for the week, as fears of a credit downgrade of several eurozone countries added to disappointing results from JPMorgan. Bank of America led the Dow decliners losing 18 cents as the WSJ reported it was willing to retreat from some parts of the country if its fin'l problems deepen. Intel dropped 61 cents and United Technologies gave up 1.16.

IBM
$179.16 -1.39 0.77% 5,265,619 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

JPMorgan Chase JPM
$35.92 -0.93 2.52% 61,524,342 NYSE: Inv. Bus. Daily pA6 "JPMorgan earnings fall, first since '09" by Vance Cariaga, WSJ pB1 "JPMorgan sings Wall Street blues" by Dan Ftizpatrick, WSJ pB16 "Dimon can't dodge bank malaise" by David Reilly, NYT pB1 "Lending helps JPMorgan, but 4th quarter was soft" by Ben Protess and Peter Eavis, Sat AJC pA9 "Nationls largest bank reports drop in income" say JPMorgan Chase's income fell 23% in 4Q '11 after it set aside a large sum for litigation reserves & its investment banking income declined. It earned $3.7 bi or 90 cents per share, short of the expected 93 cents per share. Rev fell 17% to $22.2 bil. For the year it had record net income of $19 bil vs $17.4 bil prior year.

Barron's pM10 "European downgrades, US calm" by Randall Forsyth says even JPMorgan tapped the debt market this past Friday despite the swoon in its common following a disappointing earnings report earlier that morning.

Barron's pM2 Charting the market" charts JPMorgan saying a 30% drop in investment banking rev dragged its earnings down by 23% to 90 cents per share.

Barron's pM3 "Financials' love fest continues to lift equities" by Vito Racanelli says Bank of America leads the Dow as it is up 19% in '12. JPMorgan, Wells Fargo, and US Bancorp are the favorites to be allowed to return more cash to shareholders.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

WSJ pB4 "Downgrade fears hurt US stocks" by Jonathan Cheng says US stocks declined but squeaked out an advance for the week, as fears of a credit downgrade of several eurozone countries added to disappointing results from JPMorgan. Bank of America led the Dow decliners losing 18 cents as the WSJ reported it was willing to retreat from some parts of the country if its fin'l problems deepen. Intel dropped 61 cents and United Technologies gave up 1.16.

Sunday NYT Bus p1 "The image officer with a lot to fix" by Louise Story and Gretchen Morgenson is an in depth profile consisting of a quarter page of the first page of the Business section and an entire page on the jump of Anne Finucane whose challenge is to make Bank of America look good again after giving up its largest bank status to JPMorgan. Article discusses her marriage to Boston columnist Mike Barnicle and how she is friends with the Kennedy's and Barney Frank and she isn't a banker but a powerful pr person. I can't put my finger on it but there is something unsettling about the article, as if she is the person putting the perfume on the rotting wound instead of bringing in a surgeon to fix the problem.

Johnson & Johnson JNJ
$65.26 +0.03 0.05% 8,976,557 NYSE:

Kraft KFT
$37.77 -0.45 1.18% 10,410,318 NYSE: Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

McDonald's MCD
$100.35 -0.22 0.22% 4,126,690 NYSE: Barron's pM13 "Shifting priorities" by Shirley A. Lazo says Goldman Sachs likes McDonald's.

Barron's p4 "The great divide" by Alan Abelson says analyst Dave Rosenberg likes McDonald's saying it is largely noncyclical with a 2.8% dividend yield.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Sat AJC pA9 "McDonald's extends Olympic sponsorship" says McDonalds will remain a top level sponsor through the 2020 Summer games. Other top tier sponsors who have renewed their partnership through 2020 includes Coca-Cola, GE, and Procter & Gamble.

Merck MRK
$38.32 -0.29 0.75% 9,649,320 NYSE:

Microsoft MSFT
$28.25 +0.25 0.89% 60,000,025 NASDAQ-GS: NYT Sun Bus p4 "A wireless answer to data traffic jams" by Anne Eisenberg describes Microsoft's data centers which process ast amounts of data.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p24 "Faster, thinner, smarter" by Mark Veverka, Barron's p42 "CES report card: A for Intel, B for Microsoft" by Tiernan Ray say Intel gets an A for demonstrating promise and doing a good launch of its ultrabooks. Microsoft gets a B for effort as its Windows 8 was a big event in computing at the Consumer Electronics Shows. There were no blockbuster product introductions at the CES and it was Steve Ballmer's swansong.

Pfizer PFE
$21.84 -0.15 0.68% 29,025,905 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Procter & Gamble PG
$65.81 unch unch 32,018,871 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Sat AJC pA9 "McDonald's extends Olympic sponsorship" says McDonalds will remain a top level sponsor through the 2020 Summer games. Other top tier sponsors who have renewed their partnership through 2020 includes Coca-Cola, GE, and Procter & Gamble.

3M MMM
$83.6 -0.68 0.81% 3,084,518 NYSE: Barron's p46 "In God we trust" by J.R. Brandstrader interviewed George Schwartz & Richard Platte, Portfolio managers with Ave Maria Rising Dividend Fund. 3M makes up 3.2% of its portfolio and they call it a "Money machine" as it has lifted dividend for 53 years due to creating new proprietary products. The biggest holding is Exxon and they like Exxon saying they like that Exxon has reduced its shares by 30% over the last decade.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Travelers TRV
$59.37 -0.43 0.72% 2,087,356 NYSE:

United Technologies UTX
$76.08 -1.16 1.5% 3,472,044 NYSE: WSJ pB4 "Downgrade fears hurt US stocks" by Jonathan Cheng says US stocks declined but squeaked out an advance for the week, as fears of a credit downgrade of several eurozone countries added to disappointing results from JPMorgan. Bank of America led the Dow decliners losing 18 cents as the WSJ reported it was willing to retreat from some parts of the country if its fin'l problems deepen. Intel dropped 61 cents and United Technologies gave up 1.16.

Verizon VZ
$38.92 unch unch 8,986,261 Dual Listed: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Walmart WMT
$59.54 +0.04 0.07% 7,728,022 NYSE:

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

1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]

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

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

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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
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

Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
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

Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
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

Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
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

Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results

Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
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

Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
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 12/1/11 8K re sale of $1.6 bil of Global Notes
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: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.

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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
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

Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
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: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
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: 12/2/11 8K re Nov sales rose 7.4%
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

Merck MRK: 12/21/11 8K re: technical amendments to bylaws
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: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting 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: 12/13/11 8K re election of 3 new members to Board
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

3M MMM: 12/6/11 8K re eps guidance
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

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

Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan