Wednesday, April 11, 2012

4/11/12 Wed pm Dow Closes at 12,805.39 up 89.46 or 0.7%

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. 1,568 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.

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.

The Dow Jones Industrial Average closed Wednesday at 12,805.39 up 89.46 or 0.7% from Tuesday's close of 12,715.93. Of the 30 Dow components 24 gained and 6 declined. The biggest gainer dollar-wise was Caterpillar and percentage-wise was Alcoa. The biggest decliner dollar-wise and percentage-wise was Chevron.

As of the open of the market on 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 14.25 down from Tuesday's trailing P/E ratio of 14.49 (year ago it was 15.04); Wednesday's P/E estimate is 12.55 unchanged from Tuesday's P/E estimate of 12.55 (year ago it was 12.73) and Wednesday's dividend yield is 2.58 down from Tuesday's dividend yield of 2.60 (last year it was 2.37). 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 1,691.97 up 11.82 from Tuesday's closing numerator of 1,680.15. 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 $56.40 up $0.40 from Tuesday's average closing price of $56.0. The median closing price of Wednesday's Dow Jones Industrial Average was $50.60 (DD/HD) up $1.39 from Tuesday's median closing price of $50.21. The lowest volume was Travelers 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 made $1,182 ($169,197 - $168,015).

MarketWatch Wednesday 4/11/12 4:12 pm by Kate Gibson Mandaro says U.S. stocks gained Wednesday, rebounding from an extended losing run after Spanish and Italian bond yields fell and aluminum maker Alcoa Inc. reported a surprising profit. “The Alcoa report really helped key the rally. In general, the tone of the earnings season will be positive,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc. in Hinsdale, Ill. The market will keep a close watch on weekly jobless claims data Thursday morning. “As long as it’s under 400,000, and shows not much of an increase from last week and last month, that will alleviate some concerns on the jobs front” that came with last week’s monthly jobs, which was likely a “one-time anomaly,” Fitzpatrick added. On Wednesday, The Dow Jones Industrial Average 7449 DJIA +0.70% rose 89.46 points, or 0.7%, to 12,805.3, halting a five-day losing streak, its longest since an eight-day run that ended Aug. 2, 2011. Alcoa AA +6.22% rallied the most among the index’s 30 components, up 6.2%. The aluminum maker’s surprise profit “speaks to what is happening elsewhere,” such as in China and Brazil, said Frances Hudson, an Edinburgh-based strategist at Standard Life Investments. “The world might be moving into a sustainable recovery even if China’s growth is slowing.” That said, “the market is not trading on high volumes or great convictions, so the things moving the market seem to be relatively flimsy. We’ve got a long way to go from Alcoa’s earnings figures to having the whole of the S&P 500 reporting,” she commented. The S&P 500 Index SPX +0.74% gained 10.12 points, or 0.7%, to 1,368.71, with financial firms leading and energy the poorest performeramong its 10 major industry groups. The bar for first-quarter earnings results has been “set so low, it will be very difficult to not have upside earnings growth,” according to Art Hogan, a strategist at Lazard Capital Markets in New York, who points out that less than 30 of the S&P 500 pre-announced. Just two S&P 500 sectors are expected to have positive earnings growth: technology and consumer staples, Hogan said. The Nasdaq Composite COMP +0.84% added 12.24 points, or 0.8%, to 3,016.46. For every stock declining, roughly four rose on the New York Stock Exchange, where nearly 590 million shares traded. Composite volume topped 3.7 billion. Oil prices scaled back gains a bit after the government reported U.S. supplies rose by 2.8 million barrels last week, with crude futures for May delivery CLK2 +1.54% rising 1.7% to end at $102.70 a barrel on the New York Mercantile Exchange. The Labor Department reported import prices rose 1.3% last month, with higher petroleum costs fueling the rise. Excluding food and energy, prices climbed more modestly. The dollar DXY -0.13% fell against other major currencies, including the euro EURUSD -0.0014%. Investor sentiment also drew a lift after a European Central Bank official reportedly indicated the ECB could resume its bond-purchase program. New details about CEO’s resignationBest Buy’s Brian Dunn resigned abruptly amid what the company described as a board probe into his "personal conduct." Half a dozen European countries sold debt Wednesday, with Germany drawing bids for less than its maximum target and Italy matching its objective. Yields on Spanish and Italian 10-year debt declined. “The biggest reason we’re up today is both Italian and Spanish debt spreads are coming back,” said Hogan at Lazard Capital Markets. On Wednesday afternoon, the Federal Reserve said economic expansion continued from mid-February through late March in all 12 of its regions, with manufacturing, hiring and retail sales displaying strength.
Tuesday marked a fifth consecutive down day for the Dow industrials and S&P 500, with both indexes losing more than 4% during the extended slide that many considered long overdue. “We had a shallow correction in a market that has been up in a straight line since the October lows,” noted Lazard’s Hogan, who chalks up the losing run to a “hangover from the volatile jobs number, weakening Chinese economic data and European debt spreads blowing out.” A steady stream of positive U.S. economic reports raised expectations, eventually making the bar more difficult to cross, offered Hudson at Standard Life Investments. “The payrolls figure last Friday was just a reality check; you can’t expect uninterrupted upward trajectory in these things. We subscribe to the view that the recovery is taking hold and will become sustainable.” Friday’s U.S. nonfarm payrolls report had only 120,000 jobs added in March, much below the 200,000-plus estimates offered by economists ahead of the data. On Wednesday, Atlanta Fed President Dennis Lockhart said that while the March jobs report was a disappointment, he does not believe another round of asset purchases by the central bank would help much.

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.45 +0.32 1.06% 21,550,857 NYSE

Alcoa AA
$9.9 +0.5799 6.22% 79,822,573 NYSE

American Express AXP
$56.95 +0.77 1.37% 6,443,346 NYSE

Bank of America BAC
$8.86 +0.32 3.75% 249,609,997 NYSE

Boeing BA
$71.77 +1.17 1.66% 5,086,038 NYSE

Caterpillar CAT
$101.75 +1.32 1.31% 6,173,035 NYSE

Chevron CVX
$100.95 -0.50 0.49% 8,555,847 NYSE

CSCO
$20.015 +0.465 2.38% 40,541,363 NASDAQ-GS

Coke KO
$72.12 +0.10 0.14% 6,006,930 NYSE

Disney DIS
$41.37 +0.38 0.93% 6,325,639 NYSE

DuPont DD
$51.45 +0.40 0.78% 3,920,300 NYSE

Exxon XOM
$82.7 +0.53 0.65% 15,845,196 NYSE

GE
$19.01 +0.27 1.44% 37,571,103 NYSE

Hewlett-Packard HPQ
$23.41 +0.14 0.6% 16,562,242 NYSE

Home Depot HD
$49.75 +0.39 0.79% 7,627,860 NYSE

Intel INTC
$27.85 +0.40 1.46% 26,659,172 NASDAQ-GS

IBM
$202.58 +0.25 0.12% 3,364,758 NYSE

JPMorgan JPM
$44.01 +1.05 2.44% 32,080,316 NYSE

Johnson & Johnson JNJ
$64.13 -0.07 0.11% 10,019,838 NYSE

Kraft KFT
$36.87 -0.15 0.41% 16,914,139 NYSE

McDonald's MCD
$98.56 +0.89 0.91% 6,350,843 NYSE

Merck MRK
$38.48 +0.03 0.08% 10,703,595 NYSE

Microsoft MSFT
$30.345 -0.125 0.41% 42,982,661 NASDAQ-GS

Pfizer PFE
$21.95 -0.035 0.16% 37,458,054 NYSE

Procter & Gamble PG
$66.44 +0.09 0.14% 7,584,450 NYSE

MMM
$85.35 +0.77 0.91% 2,522,792 NYSE

Travelers TRV
$58.17 +0.42 0.73% 2,052,204 NYSE

United Technologies UTX
$79.63 +1.15 1.47% 3,694,306 NYSE

Verizon VZ
$37.38 0+.58 1.58% 12,466,211 DualListed

Walmart WMT
$59.8 -0.13 0.22% 7,722,550 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, Investor's Business Daily, 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 Average The Dow Jones Industrial Average closed Tuesday at 12,715.93 down 213.66 or 1.65% from Monday's close of 12,929.59. For the year the Dow is up 4.08%. Of the 30 Dow components only Hewlett-Packard gained and 29 declined. The biggest gainer dollar-wise and percentage-wise was, of course, Hewlett-Packard. The biggest decliner dollar-wise was Caterpillar and percentage-wise was Bank of America.

WSJ pC4 "Stocks' drop is '12 worst" by Chris Dieterich says stocks suffered their biggest declines this year losing ground for the 5th straight session as worries over rising borrowing costs for European countries weighed on sentiment. Bank of America spearheaded the Dow's declines losing 39 cents. Industrials, materials & energy sectors each fell more than 1.9%. Caterpillar fell 3.14 after sales of excavators in China plunged 50% in March. Alcoa fell 28 cents as it kicked off the 1Q earnings season after the closing bell posting a quarterly profit. JPMorgan's report is due on Fri.

NYT pB1 "Worst loss this year for Wall St." by Chris Hauser says the stock market sank deeper on Tues eroding the 1Q's blockbuster gains for a 5th straight day as fears about the debt crisis in Europe reemerged.

Inv. Bus. Daily pA1 "Selling picks up in indexes, leaders" by Vic Reklaitis says the market correction intensified Tues as the major indexes suffered their biggest losses of '12 & many leading stocks faltered.

Fin Times p22 "Best Buy comes under renewed strain as its chief exec resigns" by Arash Massoudi says Wall St's sell off extended into a 5th straight session with equities now having given up more than a 3rd of the year's gains during the recent downward slide. Shares in Microsoft which bought 800 patents from AOL on Mon for $1 bil lost 2%. Bank of America was the biggest Dow loser.

USA Today p4B "Concern about Spain sends Dow to worst drop of the year" by AP says the stock market extended its longest & deepest slump of the year Tues caught between a recurring nightmare of European debt & the beginning of uncertain corp earnings reports at home.

Tuesday's Dow Jones Industrial Average closing numerator was 1,680.15 down 23.23 from Monday's closing numerator of 1,703.38. 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 Tuesday's Dow Jones Industrial Average was $56.0 down $0.95 from Monday's average closing price of $56.95. The median closing price of Tuesday's Dow Jones Industrial Average was $50.21 (DD/HD) down $1.06 from Monday's median closing price of $51.27. The lowest volume was Travelers and the highest volume again was Bank of America.

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 lost $2,323 ($170,838 - $168,015).

MarketWatch Tuesday 4/10/12 4:15 pm by Laura Mandaro says U.S. stocks made their steepest drop of the year Tuesday as investors used a jump in European bond yields and concerns over first-quarter earnings reports as an excuse to take profits. The Dow Jones Industrial Average DJIA -1.65% lost 213.66 points, or 1.7%, to 12,715.93. The S&P 500 SPX -1.71% fell 23.61 points, or 1.7%, to 1,358.59. For both, it was the fifth straight session of losses, the longest losing streak of the year. The Nasdaq Composite COMP -1.83% fell 55.86 points, or 1.8%, to 2,991.22, its first close below 3,000 in nearly a month. "After a record gain in Q1, it's not surprising that the market requires firm evidence that further gains are warranted," said Michael Yoshikami, chief investment officer at Destination Wealth Management in Walnut Creek, Calif.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.13 -0.51 1.66% 34,594,175 NYSE: No mentions found.

Alcoa AA
$9.3201 -0.2799 2.92% 44,103,596 NYSE: WSJ pB2 "Alcoa squeezed by lower prices" by John Miller, NYT pB11 "Alcoa surpasses estimates in a bellwether report" by AP say Alcoa's prfit fell 69% as higher energy costs added to pressure. Net income was $94 mil or 9 cents a share down from $308 mil or 27 cents a share a year earlier. Sales were up 0.8% to $6.01 bil.

WSJ pC4 "Stocks' drop is '12 worst" by Chris Dieterich says stocks suffered their biggest declines this year losing ground for the 5th straight session as worries over rising borrowing costs for European countries weighed on sentiment. Bank of America spearheaded the Dow's declines losing 39 cents. Industrials, materials & energy sectors each fell more than 1.9%. Caterpillar fell 3.14 after sales of excavators in China plunged 50% in March. Alcoa fell 28 cents as it kicked off the 1Q earnings season after the closing bell posting a quarterly profit. JPMorgan's report is due on Fri.

American Express AXP
$56.18 -0.98 1.71% 6,717,080 NYSE: No mentions found.

Bank of America BAC
$8.54 -0.39 4.37% 374,057,369 NYSE: WSJ pC4 "Stocks' drop is '12 worst" by Chris Dieterich says stocks suffered their biggest declines this year losing ground for the 5th straight session as worries over rising borrowing costs for European countries weighed on sentiment. Bank of America spearheaded the Dow's declines losing 39 cents. Industrials, materials & energy sectors each fell more than 1.9%. Caterpillar fell 3.14 after sales of excavators in China plunged 50% in March. Alcoa fell 28 cents as it kicked off the 1Q earnings season after the closing bell posting a quarterly profit. JPMorgan's report is due on Fri.

Fin Times p22 "Best Buy comes under renewed strain as its chief exec resigns" by Arash Massoudi says Wall St's sell off extended into a 5th straight session with equities now having given up more than a 3rd of the year's gains during the recent downward slide. Shares in Microsoft which bought 800 patents from AOL on Mon for $1 bil lost 2%. Bank of America was the biggest Dow loser.

Boeing BA
$70.6 -1.83 2.53% 5,304,944 NYSE: No mentions found.

Caterpillar CAT
$100.43 -3.14 3.03% 9,113,035 NYSE: WSJ pC4 "Stocks' drop is '12 worst" by Chris Dieterich says stocks suffered their biggest declines this year losing ground for the 5th straight session as worries over rising borrowing costs for European countries weighed on sentiment. Bank of America spearheaded the Dow's declines losing 39 cents. Industrials, materials & energy sectors each fell more than 1.9%. Caterpillar fell 3.14 after sales of excavators in China plunged 50% in March. Alcoa fell 28 cents as it kicked off the 1Q earnings season after the closing bell posting a quarterly profit. JPMorgan's report is due on Fri.

Chevron CVX
$101.45 -2.04 1.97% 8,857,475 NYSE: No mentions found.

Cisco CSCO
$19.55 -0.41 2.05% 44,741,571 NASDAQ-GS: Inv. Bus. Daily pA5 "IBM, HP making bid for converged lead" by Brian Deagon says IBM is unveiling PureSystems, a computer build to lead the move into so called "converged systems" and on Tues Hewlett-packard announced HP Converged Cloud with a similar product. Since these systems include everything a busienss user needs it is a threat to gear maker Cisco.

Inv. Bus. Daily pA5 "Factors may hit Q1 tech profits, but sector outperforming most" by Brian Deagon says Google and Intel's 1Q earnings will give invetors clues about Apple and others. The cloud trend has fueled the need for speed and Cisco and Juniper are positioning themselves as traffic managers. Story mentions IBM's and Hewlett-Pacards new computer redesigns.

Coke KO
$72.02 -0.85 1.17% 8,551,142 NYSE: No mentions found.

Disney DIS
$40.99 -1.12 2.66% 10,637,026 NYSE: No mentions found.

DuPont DD
$51.05 -0.90 1.73% 7,047,153 NYSE: No mentions found.

Exxon XOM
$82.17 -1.71 2.04% 19,885,767 NYSE: No mentions found.

GE
$18.74 -0.46 2.4% 54,149,619 NYSE: No mentions found.

Hewlett-Packard HPQ
$23.27 +0.13 0.56% 25,795,424 NYSE: Inv. Bus. Daily pA5 "IBM, HP making bid for converged lead" by Brian Deagon says IBM is unveiling PureSystems, a computer build to lead the move into so called "converged systems" and on Tues Hewlett-packard announced HP Converged Cloud with a similar product. Since these systems include everything a busienss user needs it is a threat to gear maker Cisco.

Inv. Bus. Daily pA5 "Factors may hit Q1 tech profits, but sector outperforming most" by Brian Deagon says Google and Intel's 1Q earnings will give invetors clues about Apple and others. The cloud trend has fueled the need for speed and Cisco and Juniper are positioning themselves as traffic managers. Story mentions IBM's and Hewlett-Pacards new computer redesigns.

Home Depot HD
$49.36 -1.22 2.41% 13,208,403 NYSE: Inv. Bus. Daily pB3 "Home Depot has deft feel for economy" by Paul Whitfield says Home Depot began paying cash dividends in '87 and the current annual yield is 2.3%. The Street expects 24% EPS growth on a 5% sales boosts this quarter which ends in April.

Intel INTC
$27.45 -0.31 1.12% 35,306,506 NASDAQ-GS: Inv. Bus. Daily pA5 "IBM, HP making bid for converged lead" by Brian Deagon says IBM is unveiling PureSystems, a computer build to lead the move into so called "converged systems" and on Tues Hewlett-Packard announced HP Converged Cloud with a similar product. Since these systems include everything a busienss user needs it is a threat to gear maker Cisco.

IBM
$202.33 -2.61 1.27% 4,039,652 NYSE: NYT pB4 "IBM aims to sharply simplify corporate data center technology" by Steve Lohr says IBM on Wed to unveil the Puresystems tech, the porduct of a $2 bil investment which is a quicker data center.

Inv. Bus. Daily pA5 "IBM, HP making bid for converged lead" by Brian Deagon says IBM is unveiling PureSystems, a computer build to lead the move into so called "converged systems" and on Tues Hewlett-Packard announced HP Converged Cloud with a similar product. Since these systems include everything a busienss user needs it is a threat to gear maker Cisco.

Inv. Bus. Daily pA5 "Factors may hit Q1 tech profits, but sector outperforming most" by Brian Deagon says Google and Intel's 1Q earnings will give invetors clues about Apple and others. The cloud trend has fueled the need for speed and Cisco and Juniper are positioning themselves as traffic managers. Story mentions IBM's and Hewlett-Pacards new computer redesigns.

JPMorgan JPM
$42.96 -0.93 2.12% 38,696,088 NYSE: WSJ pC1 "Making waves aainst Whale" by Katy Burne says dozens of hedge funds bet against the London whale, who is Bruno Iksil, a JPMorgan trade from France based in London. He took a bullish stance on the fin'l health of certain firms.

WSJ pC3 "Fed stress tests open to tweaks" by Victoria McGrane says JPMorgan won approval some time ago to buy increased dividends from Fed regulators and to buy back shares.

WSJ pC4 "Stocks' drop is '12 worst" by Chris Dieterich says stocks suffered their biggest declines this year losing ground for the 5th straight session as worries over rising borrowing costs for European countries weighed on sentiment. Bank of America spearheaded the Dow's declines losing 39 cents. Industrials, materials & energy sectors each fell more than 1.9%. Caterpillar fell 3.14 after sales of excavators in China plunged 50% in March. Alcoa fell 28 cents as it kicked off the 1Q earnings season after the closing bell posting a quarterly profit. JPMorgan's report is due on Fri.

Johnson & Johnson JNJ
$64.2 -0.72 1.11% 12,670,845 NYSE: No mentions found.

Kraft KFT
$37.02 -0.57 1.52% 11,211,088 NYSE: No mentions found.

McDonald's MCD
$97.67 -1.21 1.22% 7,531,732 NYSE: Fin Times p16 "Brazil's Congress to examine claims over McDonald's pay" by Samantha Pearson says there are allegations that McDonald's is paying less than the minimum wage.

Merck MRK
$38.45 -0.28 0.72% 13,912,933 NYSE: No mentions found.

Microsoft MSFT
$30.47 -0.63 2.03% 53,666,562 NASDAQ-GS: WSJ pB3 "Xbox grows with users beyond videogrames" by Katherine Boehret says apps for the Microsoft system are keeping up with gamers' unger for other forms of entertainment.

Fin Times p22 "Best Buy comes under renewed strain as its chief exec resigns" by Arash Massoudi says Wall St's sell off extended into a 5th straight session with equities now having given up more than a 3rd of the year's gains during the recent downward slide. Shares in Microsoft which bought 800 patents from AOL on Mon for $1 bil lost 2%. Bank of America was the biggest Dow loser.

Pfizer PFE
$21.985 -0.065 0.29% 47,934,825 NYSE: No mentions found.

Procter & Gamble PG
$66.35 -0.46 0.69% 9,373,305 NYSE: No mentions found.

MMM
$84.58 -1.75 2.03% 3,628,310 NYSE: No mentions found.

Travelers TRV
$57.75 -0.30 0.52% 3,329,506 NYSE: No mentions found.

United Technologies UTX
$78.48 -1.75 2.18% 5,004,367 NYSE: No mentions found.

Verizon VZ
$36.8 -0.66 1.76% 15,100,332 DualListed: No mentions found.

Walmart WMT
$59.93 -0.20 0.33% 9,501,066 NYSE: No mentions found.

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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 (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)

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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 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-1.

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

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