4/18/12 Wed am JNJ's & IBM's Profits Up; Intel's Down

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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. 1,580 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 as of April 15, 2012.

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.

A read of the print editions of Wednesday'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 Tuesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 13,115.54 up 194.13 or 1.5% from Monday's close of 12,921.41. For the year the Dow is up 7.35%. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was Chevron and percentage-wise was Disney.

WSJ pC1 "Stocks continue their wild ride up" by Jon Cheng says Tuesday's surge marked the 6th triple digit moves this month for the Dow as many as in the prior 3 months combined. On Tues an auction of Spanish gov debt was well received & European officials discounted any need for a bailout of the troubled economy. Meanwhile, positive earnings reports & a rebound by Apple helped drive stocks higher. Coke is charted under Good News due to increased 1Q earnings of 7.9% driven by higher sales & prices in emerging markets.

Inv. Bus. Daily pA1 "Stocks log big gains, but trade falls" by Vincent Mao says stocks rallied broadly Tues thanks to better than expected earnings & a successful debt auction i Spain as tues's action saw stocks surge in lower trade. The current outlook is still the market is in a correction.

Fin Times p22 "Apple breaks its losing run as $700 price target is maintained" by Arash massoudi says shares in Apple bounced back from their steepest fall in 6 months to nearly reclaim the $600 mark as all but 26 stocks on the S&P traded in positive territory Tues.

NYT pB11 "Upturn on profits & Spain's debt sale" by Victoria Shannon says markets rose Tues propelled by encouraging corp profits, a well received sale of gov debt in Spain, a recovery in Apple shares & the lack of any bad news.

USA Today p4B "Stocks soar as profit outlook improves, Spain worries ease" by AP says stocks stormed higher Tues after promising signals about the profitability of US firms and a strong debt auction by Spain. The Dow rose for the 4th session in 5 & posted its biggest gain in a month. 1Q results have impressed trades so far as Coke said its 1Q profit was better than expected and Johnson & Johnson posted strong results.

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 14.70 up from yesterday's trailing P/E ratio of 14.51 (year ago it was 14.71); today's P/E estimate is 12.55 unchanged from Tuesday's P/E estimate of 12.55 (year ago it was 12.65) and today's dividend yield is 2.50 down from yesterday's dividend yield of 2.52 (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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,732.95 up 25.65 from Monday's closing numerator of 1,707.30. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $57.76 up $0.85 from Monday's average closing price of $56.91. The median closing price of Tuesday's Dow Jones Industrial Average was $52.72 (DD/HD) up $0.51 from Monday's median closing price of $52.21. The lowest volume was 3M 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 made $2,565 ($173,295 - $170,730).

MarketWatch Tuesday 4/17/12 4:57 pm by kate Gibson says U.S. stocks leapt Tuesday, pushing the Dow average to its first finish above 13,000 in more than a week, as increased appetite for Spanish debt calmed global concerns and tech stocks rebounded. Spain sold more debt than it anticipated Tuesday, with yields on 10-year Spanish government notes declining below 6% after the auction. “If there is demand, then investors can exhale for a little while,” Paul Nolte, managing director at Dearborn Partners in Chicago, said of the debt sale. The Dow Jones Industrial Average DJIA +1.50% closed up 194.13 points, or 1.5%, to 13,115.54, its biggest point gain in a month, after rallying as much as 209 points. All 30 components ended higher, with International Business Machines Corp. IBM -2.39% contributing the most to the Dow’s point gains. It rose $4.73, or 2.3%, ahead of results after the close. The S&P 500 SPX +1.55% climbed 21.21 points, or 1.6%, to 1,390.78. Technology stocks rose 2.3%, the best performers among 10 industry sectors, all of which gained. Tech had been the worst performer Monday, losing more than 1%. After the close of trading Tuesday, IBM Corp. IBM -2.39% , Intel Corp. INTC -2.95%, and Yahoo YHOO +2.67% reported earnings. The Nasdaq Composite COMP +1.82% gained 54.42 points, or 1.8%, to 3,042.82, rebounding after two sessions of losses. Apple AAPL +5.10% , the biggest Dow component, rose 5.1%, recovering after a five-session losing streak. Shares of the iPhone maker fell 4.2% on Monday, with the S&P 500 losing 0.05%, the biggest negative impact Apple has ever had on the index. Had Apple not been a factor, the S&P 500 would have risen 0.14%, calculates Howard Silverblatt, senior index analyst at S&P Indices. But in looking to Apple’s coming quarterly results slated for release next week, Silverblatt questioned how long the company can continue its growth spurt. “They have a history of blowouts, but what do they have to do now to impress me? Eventually margins have to go down, and what happens when every person in the world owns an iPod?” said Silverblatt.
“Everybody seems to be on one side of the Apple equation, so if there is any disappointment, any hiccup, you could see a pretty violent reaction,” said Nolte of the coming quarterly numbers. On the Dow, Walt Disney Co. DIS +2.45% and Kraft Foods KFT +2.39% led percent gainers, up more than 2%. Coca-Cola Co. KO +2.08% also gained more than 2% after reporting earnings and revenue that topped estimates. Johnson & Johnson JNJ +0.38% added 0.4% after the health-care conglomerate reported quarterly earnings. On the S&P 500, First Solar Inc. FSLR +10.28% shares rallied 10% after the solar-panel maker said it would cut about 30% of its work force. Corporate results that beat expectations included Goldman Sachs Group Inc. GS -0.74% , which also said it would raise its dividend. Shares ended down 0.7%. Advancers beat decliners by more than three to one on the New York Stock Exchange, where 710 million shares traded. NYSE composite volume was 3.4 billion, while Nasdaq Composite volume was 1.5 billion. Treasury prices declined, with the yield on the benchmark 10-year 10_YEAR +0.76% used in determining mortgages and other consumer loans, edging above 2%.The International Monetary Fund on Tuesday offered a more optimistic take on the global economy, saying the U.S. economy should expand 2.1% this year. Europe will likely contract 0.3% and the world economy should expand 3.5%. The trio of estimates were a bit improved from the IMF’s January outlook. Wall Street offered little reaction to economic reports, which had home construction falling 5.8% and housing permits climbing 4.5% in March. A separate report had industrial production unchanged for a second month in March. “The data didn’t look fabulous. It fits in with the overall view that the U.S. and global economy is growing, just not at a very rapid pace,” Nolte said.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.89 +0.28 0.91% 16,399,955 NYSE: NYT pB1 "Traffic jam in the ether" by Brain Chen says AT&T, Verizon and others say they need more radio spectrum and they may not have enough in the next few years to meet the exploding demands for mobile data.

Alcoa AA
$9.99 +0.13 1.32% 20,346,933 NYSE: No mentions found.

American Express AXP
$58.18 +0.35 0.61% 5,074,132 NYSE: No mentions found.

Bank of American BAC
$8.92 +0.13 1.48% 190,806,863 NYSE: WSJ pC3 "Bank of America potential sale of units is being considered" by Dan Fitzpatrick says Bank of America may sell its non-US wealth management business.

Boeing BA
$74.09 +1.41 1.94% 3,289,322 NYSE: No mentions found.

Caterpillar CAT
$108.41 +1.67 1.56% 5,248,156 NYSE: No mentions found.

Chevron CVX
$103.62 +2.11 2.08% 5,334,855 NYSE: No mentions found.

CSCO
$20.08 +0.355 1.8% 28,319,942 NASDAQ-GS: No mentions found.

Coke KO
$73.95 +1.51 2.08% 11,051,851 NYSE: WSJ pB6 "coca-Cola profit up 7.9%" by Paul Ziobro, Inv. Bus. Daily pA2 "Coca-Cola volume lifts Q1 EPS", Fin Times p27 "Coke chief sees benefit from China slowdown" by Alan Rappeort, NYT pB2 "Strong sales lift earnings at Coca-Cola" by Stephanie Strom, AJC pA9 "Sales of Coke move upward" by Leon Stafford say earned 89 cents per share in 1Q vs 82 cents last year on rev of $11.14 bil for '12 1Q up from $10.55 b il a year ago.

WSJ pC1 "Stocks continue their wild ride up" by Jon Cheng says Tuesday's surge marked the 6th triple digit moves this month for the Dow as many as in the prior 3 months combined. On Tues an auction of Spanish gov debt was well received & European officials discounted any need for a bailout of the troubled economy. Meanwhile, positive earnings reports & a rebound by Apple helped drive stocks higher. Coke is charted under Good News due to increased 1Q earnings of 7.9% driven by higher sales & prices in emerging markets.

USA Today p4B "Stocks soar as profit outlook improves, Spain worries ease" by AP says stocks stormed higher Tues after promisng signals about the profitability of US firms and a strong debt auction by Spain. The Dow rose for the 4th session in 5 & posted its biggest gain in a month. 1Q results have impressed trades so far as Coke said its 1Q profit was better than expected and Johnson & Johnson posted strong results.

Disney DIS
$42.68 +1.02 2.45% 6,432,665 NYSE: WSJ pB6 "Hulu spends on shows" by William Launder says Hulu partly owned by Disney will acquire content for up to $500 mil this year, a 67% increase.

DuPont DD
$53.4 +0.68 1.29% 4,611,418 NYSE: No mentions found.

Exxon XOM
$85.45 +1.44 1.71% 13,816,390 NYSE: No mentions found.

GE
$19.34 +0.44 2.33% 34,332,388 NYSE: No mentions found.

Hewlett-Packard HPQ
$24.72 +0.41 1.69% 15,810,026 NYSE: No mentions found.

Home Depot HD
$52.03 +0.34 0.66% 8,946,328 NYSE: No mentions found.

Intel INTC
$28.47 +0.065 0.23% 58,077,566 NASDAQ-GS: WSJ pB6 "Intel expects lift in sales from PCs" by Don Clark, Inv. Bus. Daily pA5 "Intel's q1 results beat views, but profit margin seen falling" by Pat seitz, Inv. Bus. Daily pA1 "Intel shares fall on margins", NYT pB2 "Intel reports flat rev, but says growth is ahead" by Quentin Hardy, AJC pA10 "Intel stock hits 7 year high, then falls" say 1Q earnings at Intel fell 13% to $2.74 b il or 53 cents a share down from $3.16 bil a year earlier. Analysts expected earnings of 50 cents per share. Rev was flat at $12.9 bil.

IBM
$207.45 +4.73 2.33% 5,671,687 NYSE: WSJ pB4 "hardware sales are drag for IBM" by Shara Tibken, WSJ pB4 "Toshiba to buy IBM's retail systems busienss" by Kana Inagaki, Inv. Bus. Daily pa5 "IBM's Q1 rev falls short; sales growth still a challenge" by Brian Deagon, NYT pB3 "Sales are stagnant, but IMB earnings beat analysts' expectations" by Steve Lohr, AJC pA10 "IBM earns $3.07 bil in 1Q" say Rev was flat at $24.7 bil for 1Q as earnings were $3.07 bil or $2.61 per share up from $2.68 bil or $2.31 a year earlier.

JPMorgan JPM
$43.9 +0.57 1.32% 26,385,740 NYSE: WSJ pB4 "Hardware sales are drag for IBM" by Shara Tibken, WSJ pB4 "Toshiba to buy IBM's retail systems business" by kana Inagaki, WSJ pC10 "Retail acked deal unease" by Al Yoon says a $49 mil loan on a Fla shopping mall was stripped from an issue of commercial mortgage backed securities that JPMorgan is marketing this week.

Johnson & Johnson JNJ
$64.22 +0.24 0.38% 18,098,623 NYSE: WSJ pB6 "J&J posts sales drop for quarter" by Peter Loftus, Inv. Bus. Daily pA2 "J&J's Q1 EPS beats, sales miss", Fin times p14 "J&J earnings rise but recalls hold back sales" by Alan Rappeport, NYT pB2 "Return of popular J&J drugs may be pushed back to '13" by Katie Thomas, AJC pA10 "Less spending helps J&J profit increase" say Johnson & Johnson 1Q profit jumped 12.5% as net icnome rose to $3.91 bil from $3.48 bil in '11's 1Q. Rev dipped 0.2% to $16.14 bil from $16.17 bil.

USA Today p4B "Stocks soar as profit outlook improves, Spain worries ease" by AP says stocks stormed higher Tues after promisng signals about the profitability of US firms and a strong debt auction by Spain. The Dow rose for the 4th session in 5 & posted its biggest gain in a month. 1Q results have impressed trades so far as Coke said its 1Q profit was better than expected and Johnson & Johnson posted strong results.

Kraft KFT
$38.48 +0.90 2.39% 11,258,517 NYSE: USA Today p1B "Tongues are wagging about weird new flavors for foods" by Bruce Horovitz says to celebrate Oreo's 100th birthday in March Kraft rolled out Oreos with cake icing flavor & sprinkles.

McDonald's MCD
$97.11 +0.53 0.55% 7,515,450 NYSE: WSJ pC1 "Winning recipe at Yum won't last forever" by Spencer Jakab says Yum which owns KFC and Taco Bell is trading at 22.3 times prospective earnings versus just 16.9 times for McDonald's.

Merck MRK
$38.51 +0.56 1.48% 11,042,310 NYSE: No mentions found.

Microsoft MSFT
$31.44 +0.365 1.17% 33,737,005 NASDAQ-GS: WSJ pD1 "Permission to procrastinate: wait to get a new laptop" by by Walter Mossberg if you are looking for a new laptop wait until Microsoft introduces Windows 8.

Pfizer PFE
$22.31 +0.33 1.5% 28,716,332 NYSE: WSJ pB1 "Nestle near $9 bil purchase of Pfizer unit" by Anupreeta Das, AJC pA10 "Nestle may be buying Pfizer's infant products" say Pfizer may sell its infant nutrition business to Nestle for $9 bil.

Proecter & Gamble PG
$67.02 +0.24 0.36% 8,751,984 NYSE: No mentions found.

MMM
$87.45 +1.05 1.22% 2,321,349 NYSE: No mentions found.

Travelers TRV
$59.99 +0.83 1.4% 3,753,347 NYSE: No mentions found.

United Technologies UTX
$81.24 +1.36 1.7% 2,978,046 NYSE: No mentions found.

Verizon VZ
$37.74 +0.31 0.83% 10,155,499 DualListed: NYT pB1 "Traffic jam in the ether" by Brain Chen says AT&T, Verizon and others say they need more radio spectrum and they may not have enough in the next few years to meet the exploding demands for mobile data

Walmart WMT
$61.87 +1.29 2.13% 10,554,821 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 as of 4/15/12 ranked in order of market capitalization rounded to the nearest 1/2 billion followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $4391 [5]
2. Microsoft MSFT 258.5 [8.5]
3. IBM 235 [1]
4. WalMart WMT 203.5 [3.5]
5. GE 200 [10.5]
6. Chevron CVX 199 [2]
7. Procter & Gamble PG 181 [3]
8. AT&T T 181 [6]
9. Johnson & Johnson JNJ 175 [3]
10. JPMorgan Chase JPM 165 [4]
11. Pfizer PFE 164.5 [7.5]
12. Coke KO 162 [2.5]
13. Intel INTC 140.5 [5]
14. Merck MRK 115 [3]
15. Cisco CSCO 107 [5.5]
16. Verizon VZ 104.5 [3]
17. McDonald's MCD 98.5 [1]
18. Bank of America BAC 93.5 [10.5]
19. Home Depot HD 77.5 [1.5]
20. Disney DIS 75 [2]
21. United Technologies UTX 72.5 [1]
22. Caterpillar CAT 68.5 [.5]
23. American Express AXP 67 [1]
24. Kraft KFT 66 [2]
25. 3M MMM 59.5 [.5]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 48.5 [2]
28. DuPont DD 48.5 [1]
29. Travelers TRV 22.5 [.5]
30. Alcoa AA 10.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 4/15/12:

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

AT&T T: 3/12/12 Proxy Materials re: Annual Meeting of Stockholders to be held on 4/27/12 at 9 a.m. at Grand American Hotel, Salt lake City, Utah
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

Alcoa AA: 4/11/12 8K re: 1Q results
3/12/12 & 3/1/12 Proxy re: Annual Meeting of Shareholders 5/4/12 9:30 am, Fairmont Hotel, Pittsburgh, PA
2/28/12 10K/A & 2/16/12 10K for FY ended 12/31/11
2/26/12 8K re: amendment to bylaws re: notice to shareholders

American Express AXP: 3/26/12 8K re: dividend of 20 cents a share payable 5/10 to holders at 4/5 & stock buyback plan of up to 150 mil shares
3/20 & 3/2/12 Proxy re: Annual Meeting of Shareholders 4/30/12 9 am American Express HQ, NYC
3/15/12 8K re: delinq. & write-off stats thru 2/29
3/13/12 8K re: Comprehensive Capital Plan
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

Bank of Am BAC: 4/11/12 8K re: reclassification of business segments
3/16/12 8K re: sale of preferred stock
2/23/12 10K for FY ended 12/31/11
2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators

Boeing BA: 3/16/12 Proxy materials re: Annual Meeting of Shareholders 4/30/12 10 am Field Museum, Chicago
2/29/12 8K re: grant of stock options to exec
2/9/12 10K for year ended 12/31/11

Caterpillar CAT: 4/12/12 8K re: election of fromer Utah Gov. and Ambassador Jon Huntsman to Board of Dirs.
4/11/12 Proxy materials re: Annual Meeting of Stockholders on 6/13/12 at 8 am, Marriott Riverwalk, San Antonio, Texas
3/20/12 8K re: dealer stats thru 2/12
2/21/12 10K for FY ended 12/31/11
2/21/12 8K re: Jan '12 dealer stats

Chevron CVX: 4/12/12 & 3/29/12 Proxy material re: Annual Meeting og stockholders on 4/4/12 9:30 am HQ, San Ramon, CA
4/10/12 8K re: 1Q update
3/29/12 8K & Proxy materials re: amendment of bylaws re: litigation in Delaware courts, raise of CEO and other execs' salaries and election of Charles "Wick" Moorman to Board of Dirs.
2/23/12 10K for FY ended 12/31/11

Cisco CSCO : 3/27/12 8K re: execs' pre-arranged stock trading plans
3/15/12 8K re: acquisition of NDS Group Ltd, a provider of video software for $5 bil
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

Coke KO 3/14/12 8K re: closing of sale of over $1 bil of notes
3/8/12 Proxy materials re Annual meeting of shareowners 4/15/12 9:30 am Cobb Galeria, Atlanta
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

Disney DIS 3/16/12 8K re: amendment to 2011 Stock Incentive Plan
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

DuPont DD: 4/3/12 & 3/16/12 Proxy material re: Annual meeting of stockholders 4/25/12 10:30 am HQ Wilmington, Del
3/15/12 8K re: retirement of William K. Reilly from Board of Dirs.
2/9/12 10K re: FY ended 12/31/11

ExxonMobil XOM: 4/12/12 Proxy materials re: Annual meeting of shareholders 5/30/12 9 am Meyerson Center, Dallas
3/28/12 8K re: Fin'l Operations review info on website
3/14/12 8K re: transcript of 3/8 analysts meeting
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

GE: 4/9/12 & 3/9/12 Proxy material re: Annual meeting of shareholders on 4/25/12 10 am Detroit Marriott
4/6/12 8K re: downgrade of GE senior unsecured debt rating by Moodys from Aa2 to aa3 and other downgrade
3/16/12 8K re: GE Capital segment fin'l info as of 12/31/11
1/20/12 8K re: 2/24/12 10K re: FY ended 12/31/11

Hewlett-Packard HPQ: 3/23/12 8K re: exec changes and amendment to bylaws decreasing Board of Dirs from 14 to 11
3/12/12 10Q for Qtr ended 1/31/12
3/12/12 8K re: underwriting of $2 bil of Global Notes
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.

Home Depot HD: 4/2/12 Proxy material and 10K for year ended 1/29/12 and material re: Annual meeting of shareholders on 5/17 at 9 am at Cobb Galeria, Atlanta
2/21/12 8K re: FY '11 results & FY '12 guidance

Intel INTC: 4/4/12 Proxy material re: annual stockhodles meeting 5/17/12 8:30 am HQ, Santa Clara, CA
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 brought by NY Atty Gen'l

IBM: 3/22/12 & 3/12/12 Proxy material re: Annual meeting of stockholders on 4/24/12 10 am Charleston Convention Center, S.C.
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

JPMorganChase JPM: 4/13/12 2 8Ks re: fin'l info on website & 1Q results
4/4/12 Proxy material re: annual meeting of shareholders 5/15/12 at JPM campus in Tampa, Fl
4/4/12 8K re: annual report on website
3/29/12 8K re: Reg. statement re: Global Med. Term Notes'
3/27/12 8K re: changes to Board of Dirs: election of Tim Flynn and retirement of William Gray & David Novak
3/14/12 8K re: dividend of 30 cents payable 4/30 to record holders as of 4/5 and $15 bil share buyback program
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

Johnson & Johnson JNJ : 4/9/12 8K re: resignation of Vice Chair of Board, Sheri S. McCoy to join Avon as CEO
4/3/12 & 3/14/12 Proxy material re: Annual meeting of Shareholders on 4/26/12 10 am Grand Hyatt New Brunswick, NJ
3/28/12 8K re: new format for sales results
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

Kraft KFT: 4/2/12 & 3/23/12 Proxy material re: Annual meeting of shareholders on 5/23/12 at North Shore Performing Arts Center in Skokie, Ill.
3/20/12 8K re: $2.1 bil of costs and expenses re: spin-off of N. Amer. grocery business
3/15/12 8K re: nominations of Terry Lundgren & Jorge Mesquita to Board of Dirs.
3/14/12 8K re: revolving credit agreement
2/27/12 10K for FY ended 12/31/11
2/21/12 2 8Ks re: '11 operating results & 4Q results

McDonald's MCD: 4/13/12 & 3/7/12 Proxy materials re: annual meeting of shareholders on 5/24/12 at HQ at Oak Brook, Ill.
3/26/12 8K re: retirement of James Skinner as CEO effective 6/30/12 and his replacement as CEO of Donald Thompson
3/8/12 8K re: Feb. '12 sales results
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

Merck MRK: 4/12/12 Proxy materials re: annual meeting of Shareholders on 5/22/12 8:30 am at Bridgewater Marriott in NJ
3/30/12 8K re: Retirement from Board of Dirs of Steven Goldstone & Harry Jacobson
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

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

Pfizer PFE: 3/15/12 Proxy materials re: Annual meeting of shareholders 4/26/12 8:30 am Westin Governor Morris, Morristown, NJ
2/28/12 10K for FY ended 12/31/12
1/31/12 8K re: 4Q & full year 12/31/11 results

Procter & Gamble PG: 4/13/12 8K re: dividend of 0.562 cents payable 5/15/12 to record holders at 4/27
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

3M MMM: 3/21/12 Proxy materials re: annual meeting of stockhodlers 5/8/12 10 am River Centre, St. Paul, Minn
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

Travelers TRV: 4/10/12 Proxy materials re: Annual meeting of shareholders on 5/23/12 11 am Hartford, Marriott
2/16/12 10K FY 12/31/11

United Technologies UTX: 4/13/12 8K re: retriement of charles Lee from Board of Dirs.
3/22/12 & 2/24/12 Proxy materials re: 4/11/12 Annual Meeting of Shareholders Riviera Theatre Charleston, SC
3/15/12 8K re: structure for proposed Goodrich acquisition
2/17/12 8K re: election of Pedro Baranda as Pres. of Otis Elevator
2/9/12 10K for year ended 12/31/11

Verizon Communications Inc. VZ: 4/2/12 & 3/19/12 Proxy material re: Annual meeting of shareholders on 5/3/12 at 10:30 at Von Braun Center, Huntsville, Al.
2/24/12 10K FY 12/31/11

WalMart WMT: 3/27/12 10K for year ended 1/31/12
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