3/29/12 Thurs am RBC cuts Verizon Communication's Rating

www.DowJonesMonitor.com

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

Post No. 1,548 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 recent ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.

A read of the print editions of Thursday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution and 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 Wednesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 13,126.21 down 71.52 or 0.54% from Tuesday's close of 13,197.73. For the year the Dow is up 7.44%. Of the 30 Dow components 10 gained and 20 declined. The biggest gainer dollar-wise was American Express and percentage-wise was Bank of America. The biggest decliner dollar-wise and percentage-wise was Caterpillar.

WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

NYT pB8 "Shares dip lower led by oil prices" by Chris Hauser says the Wall St rally of '12 lost some steam on Wed as commodity prices fell sending stocks lower as investors weighed the possibility that the time had come for the market to pull back.

USA Today p4B "Investors send stocks down after Bernanke comments" by Bloomberg says stocks fell Wed sending the S&P down for a 2nd session as a slump in crude oil prices drove energy producers lower & gov data showed that orders for durable goods rose less than forecast.

Inv. Bus. Daily pA1 "Stocks slide as turnover rises; some leaders hit" by Vic Reklaitis says stocks sustained a 2nd straight day of losses this time with higher volume on both main exchanges & bigger declines as the current outlook is now changed to uptrend under pressure.

As of the open of the market on Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.69 down from yesterday's trailing P/E ratio of 14.77 (year ago it was 14.92); today's P/E estimate is 12.65 unchanged from Wednesday's P/E estimate of 12.65 (year ago it was 12.63) and today's dividend yield is 2.49 up from yesterday's dividend yield of 2.48 (last year it was 2.38). 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 1,734.36 down 9.44 from Tuesday's closing numerator of 1,743.80. 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 Wednesday's Dow Jones Industrial Average was $57.81 down $0.32 from Tuesday's average closing price of $58.13. The median closing price of Wednesday's Dow Jones Industrial Average was $51.43 (DD/HD) down $0.25 from Tuesday's median closing price of $51.68. The lowest volume was 3M and the highest volume again was Bank of America.

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 lost $944 ($174,380 - $173,436).

MarketWatch Wednesday 3/28/12 5:15 pm byLaura Mandaro says U.S. stocks fell for a second session Wednesday as investors dumped energy and other stocks closely tied to global growth after a disappointing report on durable-goods orders. The Dow Jones Industrial Average DJIA -0.54% ended down 71.52 points, or 0.5%, to 13,126.21, or 0.4% higher from last Friday’s close. At its lows of the day, down 128 points, it had briefly lost weekly gains. Caterpillar Inc. CAT -3.52% sank 3.5%, weighing the most in points and percentage terms. Alcoa Inc.AA -2.29% shares were the second-worst percentage loser, falling 2.3%. The Nasdaq Composite Index COMP -0.49% fell 15.39 points, or 0.5%, to 3,104.96. The S&P 500 Index SPX -0.49% lost 6.98 points, or 0.5%, to 1,405.54. Among the index’s 10 sectors, energy and materials — notably metals firms such as Freeport McMoRan Copper & Gold FCX -3.59% and Allegheny Technologies Inc. ATI -2.93% — weighed the most. The energy sector has dropped 4.2% this month and materials are down 0.3%, with much of that selloff in the past two weeks. “Those two sectors in particular, as well as industrials, are generally reflective of global growth concerns emanating out of China,” said Dan Greenhaus, chief global strategist at BTIG LLC. Worries that China was cooling faster than some expected helped rattle stocks last week, sending the Dow and S&P 500 to their worst week of the year. A report showed a deeper contraction in manufacturing activity. Read last week's report on China factory activity. On Wednesday, the Shanghai Composite -2.65% dropped 2.7%, its worst loss since late November, after the National Bureau of Statistics showed a 5.2% drop in profits for China’s largest industrial groups during the first two months of this year. Read more on Shanghai Composite. Ahead of the opening bell, U.S. stock futures erased gains after the Commerce Department reported orders for long-lasting goods rose 2.2% in February, rebounding from a sharp drop in January, but lagging the 2.9% growth anticipated by analysts. “The report was not as strong as we would have liked, especially given the drop-off in January,” added Greenhaus. U.S. equities had been lifted by a strong Monday rally following remarks from Federal Reserve Chairman Ben Bernanke. The three major indexes have surged between 7% and 19% this year. “We’ve got a little spoiled here in the last six months,” said Richard Ross, global technical strategist at Auerbach Grayson & Co. “We have a market move that’s not even off 1%, and it feels a lot worse than it’s been. We’ve been used to such a low volatility environment,” he said.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$31.36 -0.28 0.88% 31,387,107 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.


WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Alcoa AA
$9.83 -0.23 2.29% 36,367,305 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

American Express AXP
$59.06 +0.84 1.44% 7,925,515 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Fin Times p24 "Peabody energy continues to fall as pressure builds on the sector" by Arash Massoudi says energy stocks cont'd their March woes & led US equities lower again as the US, France & UK discussed a possible release of oil reserves to drive down triple digit oil prices & US natural gas prices traded near a 10 year low.

USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

Bank of America BAC
$9.75 +0.15 1.56% 233,191,151 NYSE: WSJ pC3 "Cashless bonus for BofA CEO" by Dan Fitzpatrick, NYT pB7 "Pay raise" say CEO Brian Moynihan was the only top exec who didn't get a cash bonus for last year. He made $8.1 mil in '11.

WSJ pC12 "Goldman's CEO bends, doesn't bow" by David Reilly says of the 6 biggest US fin'l firms only Citigroup & Bank of America have independent chairman and this is only due to the fin'l crisis problems.

WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Boeing BA
$74.33 -0.48 0.64% 3,412,047 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

Caterpillar CAT
$104.26 -3.80 3.52% 10,191,028 NYSE:WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Chevron CVX
$105.8-9 1.15 1.07% 6,816,031 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

CSCO
$21.08 +0.17 0.81% 39,812,748 NASDAQ-GS: No mentions found.

Coke KO
$72.66 +0.79 1.1% 13,116,266 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

Disney DIS
$43.51 0.64 1.45% 9,429,215 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil

DuPont DD
$52.95 -0.37 0.69% 4,618,502 NYSE: No mentions found.

Exxon XOM
$85.86 -0.76 0.88% 16,154,828 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

GE
$20.01 -0.03 0.15% 55,358,921 NYSE: Inv. Bus Daily pA4 "Cirrus hopes LED dimmer chips shine" by Pat Seitz says companies int he LED lighting field include GE, Philips, Siemens and Cree.

Hewlett-Packard HPQ
$23.58 -0.04 0.17% 20,501,303 NYSE: No mentions found.

Home Depot HD
$49.91 -0.13 0.26% 7,927,209 NYSE: No mentions found.

Intel INTC
$27.8 -0.39 1.38% 35,142,641 NASDAQ-GS: No mentions found.

IBM
$207.29 +0.11 0.05% 3,265,696 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

JPMorgan JPM
$46.27 +0.38 0.83% 29,725,184 NYSE: Fin Times p16 "MF Glboa used client funds, claims JPMorgan official" by Shahien Nasiripour says this came out in Congressional testimony.

Johnson & Johnson JNJ
$65.62 +0.22 0.34% 10,286,058 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

Kraft KFT
$37.97 -0.39 1.02% 9,181,623 NYSE: No mentions found.

McDonald's MCD
$97.08 -0.26 0.27% 5,035,690 NYSE: No mentions found.

Merck MRK
$38.31 -0.49 1.26% 16,284,786 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to "sector perform" from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Microsoft MSFT
$32.19 -0.33 1.01% 41,339,592 NASDAQ-GS: No mentions found.

Pfizer PFE
$22.41 -0.09 0.4% 32,970,526 NYSE: USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil.

WSJ pB3 "FTC weighs merger's impact on specialty drugs" by Tim Martin says it is looking at a $29 bil merger between Medco and Express Scripts. Attention to specialty drugs comes as blockbuster drugs such as Pfizer's Lipitor are coming off patent.

Procter & Gamble PG
$67.19 +0.04 0.06% 7,534,504 NYSE: No mentions found.

MMM
$88.45 -0.69 0.77% 2,289,893 NYSE: No mentions found.

Travelers TRV
$58.77 +0.29 0.5% 5,525,814 NYSE: No mentions found.

United Technologoes UTX
$81.52 -1.59 1.91% 4,873,046 NYSE: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

USA Today p1B "CEO pay rises slightly while workers stuggle to find jobs" by Matt Krantz, Barbara Hansen lists '11 comp for 25 of the most highly paid CEO's and lists total comp for Randall Stephenson CEO of AT&T at $18.6 mi, Amex's Ken Chenault $22.4 mil, Boeing's W. James McNerney got $18.4 mil, Coke's Muhtar Kent $21.1 mil, Disney's Robert Iger lead the Dow list at number 3 overall at $31,363,013, IBM's Samuel Palmisano got $24.2 mil Johnson & Johnson's William Weldon $23.3 mil, and Pfizer's Ian Read got $18.1 mil. United Tech's Louis Chenevert tot $22.8 mil.

Verizon VZ
$38.26 -0.40 1.03% 20,043,584 DualListed: WSJ pC4 "DJIA heads lower again" by Jon Cheng says stocks fell for the 5th day in 7 as commodities tumbled & investors eyed disappointing US & European economic data & weakness in overseas markets. Materials & energy stocks were hardest hit as Alcoa, Caterpillar & United Technologies, 3 firms exposed to swings in the global economic cycle led the Dow lower. Alcoa fell 23 cents, Caterpillar fell $3.80 and United Tech sank $1.59. They were also hurt by a report showing US durable goods orders rose 2.2% in Feb but coming in below expectations of a 3% rise.Exxon and Chevron fell after a weekly report on crude oil inventories showed US stockpiles rising by 7.1 mil barrels, much more than expected. France may release oil from its reserves. Exxon fell 76 cents and Chevron fell 41.15. Telecom firms fell after RBC Capital Markets cut its rating on Verizon to sector perform from outperform and cut its earnings estimates for AT&T. Verizon fell 40 cents and AT&T fell 28 cents. Health care stocks were hurt due to concern as the Sup. Ct heard arguments about the health care bill. Merck lost 49 cents. Fin'ls did well as Amex rose 84 cents and Bank of America rose 15 cents.

Walmart WMT
$61.19 +0.10 0.16% 7,091,469 NYSE: Inv. Bus. Daily pA2 "Walmart" says recent positive sales trends are continuing in recent weeks and due to its bringing back 10,000 items.

WSJ pB7 "Judge's ruling favors Supervalu" by Nathan Koppel says a fed court in Chicago says Supervalu didn't do anything wrong in a campaign to thwart those who tried to block shopping centers that were to include Walmart although Walmart wasn't a party in the suit.

******************************
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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky 4/24/12 (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner to be replaced July 1 by Don Thompson (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 Inge Thulin (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 3/7/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $404.5 [5]
2. IBM 229 [1]
3. Microsoft MSFT 268 [8.5]
4. Chevron CVX 216.5 [2]
5. WalMart WMT 205 [3.5]
6. GE 198.5 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. AT&T T 183 [6]
9. Johnson & Johnson JNJ 176.5 [3]
10. Pfizer PFE 161 [7.5]
11. Coke KO 155.5 [2.5]
12. JPMorgan Chase JPM 152.5 [4]
13. Intel INTC 137 [5]
14. Merck MRK 113.5 [3]
15. Verizon VZ 110 [3]
16. Cisco CSCO 104.5 [5.5]
17. McDonald's MCD 102 [1]
18. Bank of America BAC 86 [10.5]
19. United Technologies UTX 75 [1]
20. Disney DIS 75 [2]
21. Home Depot HD 73 [1.5]
22. Caterpillar CAT 70 [.5]
23. Kraft KFT 67 [2]
24. American Express AXP 61 [1]
25. 3M MMM 59.5 [.5]
26. Boeing BA 55 [1]
27. Hewlett-Packard HPQ 48 [2]
28. DuPont DD 47 [1]
29. Travelers TRV 22.5 [.5]
30. Alcoa AA 10 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/7/12:

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

AT&T T: 2/29/12 8K re: redemption of 5.87% Notes due 5/15/12
2/24/12 10K for FY ended 12/31/11
2/21/12 Prelim Proxy re: Annual Meeting of Stockholders on 4/27/12 Grand America Hotel, Salt Lake City, Utah
2/13 8K re: sale of $3 bil Global Notes
1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending commitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks

Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
3/1/12 Prelim Proxy re: Annual Meeting of Shareholders 5/4/12 Fairmont Hotel, Pittsburgh, PA
2/28/12 10K/A & 2/16/12 10K for FY ended 12/31/11
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plant in Alcoa, Tn & 2 plants in Tx

American Express AXP: 3/2/12 Prelim Proxy re: Annual Meeting of Shareholders 4/30/12 American Express HQ, NYC
2/29/12 & 2/24/12 10K/A & 10K for FY ended 12/31/11
2/15/12 8K re: Deling & write-off stats for 3 months ended 1/31/12
2/13/12 8K re: retirement of Director Dan Akerson
2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
12/15/11 8K re: delinq. & write-off stats for prior 3 months

Bank of Am BAC: 2/23/12 10K for FY ended 12/31/11
2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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

Boeing BA: 2/29/12 8K re: grant of stock options to exec
2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
12/15/11 8-K/A election of Gregory D. Smith as CFO

Caterpillar CAT: 2/21/12 10K for FY ended 12/31/11
2/21/12 8K re: Jan '12 dealer stats
1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan

Chevron CVX: 2/23/12 10K for FY ended 12/31/11
1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecast for 4Q
12/12/11 8K re grant of exec stock options

Cisco CSCO : 2/21/12 10Q for Qtr ended 1/28/12
2/17/12 8K re: $3 bil credit agreement with Bank of America
2/8/12 8K re: 2Q results
12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan

Coke KO 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Robert A. Kotick as Dir.
2/15/12 8K re: adoption of restricted stock plan
2/7/12 8K re: 4Q & full year '11 results
12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.

Disney DIS 2/13/12 8K re: sale of $1 bil of 1.125% Global Notes due '17
2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
12/1/11 8K re sale of $1.6 bil of Global Notes

DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results

ExxonMobil XOM: 2/29/12 8K re: election of Henrietta H. Fore as Dir.
2/24/12 10K for FY ended 12/31/11
2/23/12 8K re: worldwide proved oil & gas reserves
1/31/12 8K re: 4Q results
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

GE: 1/20/12 8K re: 2/24/12 10K re: FY ended 12/31/11

Hewlett-Packard HPQ: 2/22/12 8K re: 1Q results ended 1/31/12
2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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

Home Depot HD: 2/21/12 8K re: FY '11 results & FY '12 guidance
1/6/12 S-3 Shelf Registration for direct purchase of shares

Intel INTC: 2/28/12 8K re: expansion of JV with Micron Tech for flash memory
2/23/12 10K for FY ended 12/31/11
2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results

IBM: 2/28/12 10K for FY ended 12/31/11
2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11

JPMorganChase JPM: 3/1/12 8K re: 2/28/12 Investor Day Presentation
2/29/12 10K for FY ended 12/31/11
2/9/12 8K re: global settlement of mortgage foreclosure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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

Johnson & Johnson JNJ : 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Alex Gorsky as CEO & Dir as of 4/26/12
1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!

Kraft KFT: 2/27/12 10K for FY ended 12/31/11
2/21/12 2 8Ks re: '11 operating results & 4Q results
1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company

McDonald's MCD: 3/7/12 Prelim Proxy re: Annual Meeting of Shareholders 5/24/12 at McDonald's HQ Oak Brook, Ill.
2/24/11 10K for FY ended 12/31/11
2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
12/2/11 8K re Nov sales rose 7.4%

Merck MRK: 2/28/12 10K for FY ended 12/31/11
2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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

Microsoft MSFT: 2/27/12 8K re: election of John W. Thompson as Dir.
1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay

Pfizer PFE: 2/28/12 10K for FY ended 12/31/12
1/31/12 8K re: 4Q & full year 12/31/11 results
12/13/11 8K re election of 3 new members to Board

Procter & Gamble PG:2/23/12 8K re: Consumer Analyst Conference slides 2/23/12
2/15/12 8K re: sale of Pringles to Kellogg for $2.7 bil in cash
2/10/12 8K re: restructuring of Beauty & Grooming Global Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share

3M MMM:2 8ks 2/21/12 & 2 8ks 2/16/12 re: exec pre-arranged stock trading plans
2/16/12 10K FY 12/31/11
2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
12/6/11 8K re eps guidance

Travelers TRV: 2/16/12 10K FY 12/31/11
1/24/12 8K re: quarter results ending 12/31/11

United Technologies UTX: 2/24/12 Def. Proxy re: 4/11/12 Annual Meeting of Shareholders Riviera Theatre Charleston, SC
2/17/12 8K re: election of Pedro Baranda as Pres. of Otis Elevator
2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results

Verizon Communications Inc. VZ: 2/24/12 10K FY 12/31/11
1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil

WalMart WMT: 2/21/12 8K re: 4Q results
1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11