4/4/12 Wed pm Dow Closes at 13,074.75 down 124.8 or 0.95%

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Post No. 1,559 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 Dow Jones Industrial Average closed Wednesday at 13,074.75 down 124.8 or 0.95% from Tuesday's close of 13,199.55. Of the 30 Dow components 4 gained and 26 declined. The biggest gainer dollar-wise and percentage-wise was Merck. The biggest decliner dollar-wise was McDonald's and percentage-wise was Bank of America and Hewlett-Packard.

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 14.77 up from yesterday's trailing P/E ratio of 14.84 (year ago it was 15.07); today's P/E estimate is 12.63 unchanged from Tuesday's P/E estimate of 12.63 (year ago it was 12.75) and today's dividend yield is 2.48 up from yesterday's dividend yield of 2.46 (last year it was 2.36). 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 1,727.56 down 16.49 from Tuesday's closing numerator of 1,744.05. 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 $57.59 down $0.54 from Tuesday's average closing price of $58.13. The median closing price of Tuesday's Dow Jones Industrial Average was $51.24 (DD/HD) down $0.45 from Monday's median closing price of $51.69. 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 $1,649 ($174,403 - $172,756).

MarketWatch Wednesday 4/4/12 4:39 pm by Kate Gibson says U.S. stocks on Wednesday took their biggest hit in nearly a month on concern about Spain, where a weak bond sale revived investor concern about global growth. The Spanish debt sale “seemed to bring the focus back on Europe a little bit. It is reminding people that Europe isn’t fixed or solved,” said Brian Lazorishak at Chase Investment Counsel. “Labor’s share of income — meaning corporate profits — is the lowest in history, which is bad for employees today but good in terms of there is certainly enough cash on corporate balance sheets to continue hiring, so the trend is a good one.”
Glenn Guard, Campbell Wealth Management The market had also been on the prowl for a catalyst to take back at least some of the gains that had S&P 500 up 12% in the first quarter. “We were due for a pause, or a moderate pullback, so you might see some of that in the near term, given how strong the first quarter was,” said Glenn Guard, director of investment management at Campbell Wealth Management in Alexandria, Va. “The Spanish auction was a disappointment, but given the move we saw in the first quarter, the market at the very least was in need of some kind of consolidation,” said Lazorishak. The Dow Jones Industrial Average DJIA -0.95% fell 124.8 points, or 1.%, to 13,074.7. The S&P 500 Index SPX -1.02% declined 14.42 points, or 1%, to 1,398.96, with financials hardest hit and telecommunications the best performing of the index’s 10 major sectors. The session marked the worst for both indexes since March 6. Capping its worst session of 2012, the Nasdaq Composite COMP -1.46% retreated 45.48 points, or 1.5%, to 3,068.09. For every stock rising nearly six fell on the New York Stock Exchange, where more than 832 million shares traded; composite volume topped 3.8 billion. The dollar DXY +0.45% gained against other global currencies, including the euro, while commodities fell. “There’s growing concern about growth; the Spanish bond auction is particularly of concern for investors,” said Dan Greenhaus, chief global strategist at BTIG LLC in New York. “We’ve had a terrific rally in risk assets, so if this is going to be the catalyst, so be it,” said Greenhaus of Wall Street’s fall that began Tuesday when minutes from the Federal Reserve’s last policy meeting signaled less of an interest in further quantitative easing moves. “Economists knew the Fed was likely to tamp down debate on QE, but at the same time people were caught off guard by how few were interested in doing any additional easing,” Greenhaus said. Oil prices fell to a seven-week low after U.S. inventories climbed, with crude for May delivery CLK2 -1.89% off $2.54 at $101.47 a barrel. Gold declined to a 12-week low, with the futures contract for June delivery falling $57.90, or 3.5%, to end at $1,614.an ounce. Spain’s five-year yields climbed 19 basis points to 4.45%, their loftiest level since January. Spain sold 2.59 billion euros of bonds due between January 2015 and October 2020, versus an intended maximum of €3.5 billion. American companies grew payrolls in March, illustrating ongoing strengthening in the labor market two days ahead of the Labor Department’s monthly jobs report. Figures from ADP had payrolls up by 209,000 in March after a revised 230,000 gain in February. “The ADP report was essentially in line today. Bottom line, the ADP numbers were good. Labor’s share of income -- meaning corporate profits -- is the lowest in history, which is bad for employees today but good in terms of there is certainly enough cash on corporate balance sheets to continue hiring, so the trend is a good one,” said Guard at Campbell Wealth Management. Stock losses intensified after the Institute for Supply Management’s services-sector index for March declined to 56% from 57.3% in February. Read more about slight slowdown in service-sector expansion. “Was it weaker than expected, sure, but let’s be clear, 56 is a very high number, and it is not indicative of anything we need to be worried about,” said Greenhaus at BTIG.

Wednesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market

AT&T T $31.57 +0.14 0.45% 26,596,841 NYSE
Alcoa AA $9.81 -0.25 2.49% 24,608,139 NYSE
American Express AXP $57.37 -1.02 1.75% 5,106,398 NYSE
Bank of America BAC $9.2 -0.29 3.06% 226,523,709 NYSE
Boeing BA $73.67 -0.98 1.31% 2,490,420 NYSE
Caterpillar CAT $106.26 +0.05 0.05% 5,564,942 NYSE
Chevron CVX $105.6 -1.54 1.44% 5,430,213 NYSE
Cisco CSCO $20.36 -0.46 2.21% 43,728,764 NASDAQ-GS
Coke KO $73.46 -0.30 0.41% 6,223,844 NYSE
Disney DIS $42.93 -0.36 0.83% 8,562,045 NYSE
DuPont DD $52.63 -0.67 1.26% 5,344,092 NYSE
Exxon XOM $84.98 -0.85 0.99% 17,106,177 NYSE
GE $19.74 -0.22 1.1% 43,511,540 NYSE
Hewlett-Packard HPQ $23.27 -0.18 0.77% 15,360,771 NYSE
Home Depot HD $49.85 -0.15 0.3% 6,270,044 NYSE
Intel INTC $27.93 -0.18 0.64% 30,820,415 NASDAQ-GS
IBM $206.05 -3.45 1.65% 4,403,778 NYSE
JPMorgan JPM $44.41 -1.01 2.22% 41,187,273 NYSE
Johnson & Johnson JNJ $65.39 -0.49 0.74% 9,320,974 NYSE
Kraft KFT $38.22 -0.07 0.18% 6,919,627 NYSE
McDonald's MCD $97.48 -1.92 1.93% 7,748,273 NYSE
Merck MRK $38.905 +0.185 0.48% 15,149,305 NYSE
Microsoft MSFT $31.21 -0.73 2.29% 49,410,347 NASDAQ-GS
Pfizer PFE $22.385 -0.155 0.69% 30,237,257 NYSE
Procter & Gamble PG $67.26 +0.17 0.25% 8,372,142 NYSE
3M MMM $87.84 -0.95 1.07% 2,392,645 NYSE
Travelers TRV $59.22 -0.06 0.1% 2,689,319 NYSE
United Technologies UTX $81.92 -0.28 0.34% 2,970,392 NYSE
Verizon VZ $38.39 -0.07 0.18% 13,407,163 DualListed
Walmart WMT $60.26 -0.39 0.64% 10,825,161 NYSE

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

A read of the print editions of Wednesday's Wall St. Journal, Financial Times, 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 13,199.55 down 64.94 or 0.49% from Monday's close of 13,264.49. For the year the Dow is up 8.04%. Of the 30 Dow components 3 gained and 27 declined. The biggest gainer dollar-wise and percentage-wise was McDonald's. The biggest decliner dollar-wise was Exxon and percentage-wise were Bank of America and Hewlett-Packard.

WSJ pC4 "Stocks retreat, but not Apple" by Chris Dieterich says stocks fell from multiyear highs as the Fed Res' most recent policy meeting offered no signals that monetary stimulus is on the way. Dow's biggest decliners were Bank of America down 19 cents and Hewlett-Packard down 43 cents.

Inv. Bus. Daily pA3 "Stocks fall as trade rises but leades behave well" byVincent mao says stocks lost ground Tues but a late rally helped pare a large chunk off the losses. Tuesday's action was down in higher trade.

NYT pB9 "Stimulus outlook wanes, and shares turn down" by Reuters says stocks fell on Tues with the S&P retreating from 4 year highs after the Fed said it was less inclined to provide more economic stimulus.

Fin Times p24 "Apple's advance buoys tech stocks as Groupon drops to record low" by Arash Massoudi says Wall St turned away from post-fin'l crisis highs yesterday as tech stocks dominated the market's attention until notes from the latest Fed Ojpen market comm meeting suggested that a 3rd round of monetary easing was increasingly unlikely.

USA Today p4B "Investors bummed out by Fed minutes' lack of stimulus plans" by Bloomberg says stocks fell Tues after the SP index rose on Mon to its highest level since '08 as minutes form the Fed Res latest policy meeting damped expectations for more monetary stimulus.

Tuesday's Dow Jones Industrial Average closing numerator was 1,744.05 down 8.57 from Monday's closing numerator of 1,752.62. 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 $58.13 down $0.29 from Monday's average closing price of $58.42. The median closing price of Tuesday's Dow Jones Industrial Average was $51.61 (DD/HD) down $0.08 from Monday's median closing price of $51.69. 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 $857 ($175,260).

MarketWatch Tuesday 4/3/12 4:41 pm by Kate Gibson says U.S. stocks fall Tuesday, with the Dow industrials down for their first session in four, after minutes from the Federal Reserve signaled less of a need for more monetary stimulus. The market scaled back, however, on its first reaction. The Dow Jones Industrial Average DJIA -0.49% fell as much as 133 points, but by the close was down 64.94 points, or 0.5%, at 13,199.50. Wall Street’s negative initial response to details from the session is not surprising, according to Chip Cobb, portfolio manager at Bryn Mawr Trust. “The market always wants more stimulus, the ability to give it more of a shot in the arm, as if it would even work at this point,” he said.
The Fed minutes, which said the central bankers “generally agreed that the economic outlook, while a bit stronger overall, was broadly similar to that at the time of their January meeting” were also to be expected. “Most of the economic data we’ve seen have been positive; that would be less reason to support more stimulus. Overall, I think people were looking for a reason to finally take some profits. But I think this is short term. This is not the catalyst that is going to push us down 15%,” Cobb added. “I would say [the Fed] was a deflator for the day, and we’ll regroup by the end of the week.” The S&P 500 Index SPX -0.40% declined 5.88 points, or 0.4%, at 1,413.16, with energy the worst performer and utilities the least hit among the index’s 10 sectors. The slowing rate in China’s economic growth has been reflected in share prices for energy and natural-resource companies over the last month and a half, said Nick Raich, director of research with Key Private Bank in Cleveland. “Sectors tied to global growth haven’t really participated in the rally,” he commented. The Nasdaq Composite Index COMP -0.20% retreated 6.13 points, or 0.2%, at 3,113.57. For every stock gaining, nearly two fell on the New York Stock Exchange, where almost 817 shares traded; composite volume neared 3.8 billion. Gold prices fell further after the release of the Fed minutes, with futures for June delivery GCM2 -1.91% down $7.70, or 0.5%, to end at $1,672 an ounce on the Comex division of the New York Mercantile Exchange. Crude futures CLK2 -1.14% also declined more after the Fed release, with oil for May delivery off $1.22, or 1.2%, at $104.01 a barrel on Nymex. The U.S. dollar DXY +0.64% index rose to 79.453 and Treasury prices weakened, with yields on the 10-year note 10_YEAR +4.51% up to 2.284%. “You don’t want to fight the Feds — you want to participate as the market has rallied, but you have to tread with caution here, as it’s a dangerous game of trying to resolve too much debt with more debt,” Raich said of actions by central banks around the globe. The Commerce Department reported orders to American factories climbed in February for a third month in four, with the 1.3% rise just below the 1.5% expected by economists polled by MarketWatch. March proved a robust sales month for domestic car makers, with Chrysler, controlled by Fiat SpA IT:F -0.78% , reporting a 34% increase in U.S. sales for the month, and Ford Motor Co. F +0.16% reporting sales volume climbed 5% in March. General Motors Co. GM -4.56% said sales of its vehicles climbed 12% in March. Draghi weighs ECB rate decisionEuropean Central Bank chief Mario Draghi will have to consider the slew of gloomy European economic data on eve of a new rate setting. On Monday, a separate report showed manufacturing gained more traction in March, with the Institute for Supply Management’s gauge rising to 53.4 from 52.4 in February. The better-than-expected ISM data helped lift the S&P 500 to its highest level since May 2008. On Wednesday, the ADP employment report for March could draw more than the usual attention given it comes two days ahead of Friday’s nonfarm-payrolls report, set for release when the stock market will be closed.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$31.41 -0.04 0.13% 19,932,556 NYSE: WSJ pB2 "AT&T faces walkout" by Greg Bensinger says AT&T may face a walkout by 40,000 wireline employees Sun if the Comm. Workers of America doesn't reach an agreement on a new contract. CWA members staged a 2 wekk strike vs. Verizon Comm in Aug and have yet to reach a contract with them. AT&T has a total of 256,000 employees. Operating income at its wireline unit plunged 7.2% to $7.3 bil and its op rev declined 2.5% to $59.8 bil.

USA Today p3B "Lumia 900 4G smartphone for $100: a Nokia comeback? by Ed Baig, WSJ pD1 "It's big, it's blue, it's Windows, but can it beat rival phones?" by Walter Mossberg say the Nokia phone which AT&T will sell on Sun using Microsoft Windows op system is attractively priced, has a refreshing op system and a good supply of apps.

Alcoa AA
$10.045 -0.125 1.23% 28,640,230 NYSE: No mentions found.

American Express AXP
$58.41 +0.40 0.69% 5,049,682 NYSE: No mentions found.

Bank of America BAC
$9.51 -0.17 1.76% 177,593,399 NYSE: AJC pA10 "Bank of America adds small business bankers" by J. Scott Trubey says BofA hired more than 45 small business bankers in Georgia as part of a pledge to add 1,000 such positions nationwide by the middle of this year.

WSJ pC4 "Stocks retreat, but not Apple" by Chris Dieterich says stocks fell from multiyear highs as the Fed Res' most recent policy meeting offered no signals that monetary stimulus is on the way. Dow's biggest decliners were Bank of America down 19 cents and Hewlett-Packard down 43 cents.

Boeing BA
$74.64 -0.53 0.71% 3,104,398 NYSE: No mentions found.

Caterpillar CAT
$106.1975 -1.0525 0.98% 5,353,950 NYSE: No mentions found.

Chevron CVX
$107.21 -1.09 1.01% 3,968,489 NYSE: IBD pA2 "Chevron and drilling partner Transocean face a $11 bil lawsuit in Brazil over a 2nd offshore spill.

Cisco CSCO
$20.82 -0.29 1.37% 63,864,100 NASDAQ-GS: No mentions found.

Coke KO
$73.74 -0.40 0.54% 5,769,590 NYSE: AJC pA9 "Coca-Cola memorabilia" by Leon Stafford says Coke collectible aficionados are a wild and crazy group.

Disney DIS
$43.27 -0.57 1.3% 7,046,134 NYSE: Inv. Bus. Daily pA3 "Jim Henson, Puppet ace" by Nancy Gondo profiles Jim Henson the vreator of the Muppets which Disney bought in '04.

DuPont DD
$53.24 -0.15 0.28% 4,673,151 NYSE: No mentions found.

Exxon XOM
$85.8699 -1.2001 1.38% 15,899,862 NYSE: No mentions found.

GE
$19.93 -0.09 0.45% 38,451,554 NYSE: No mentions found.

Hewlett-Packard HPQ
$23.46 -0.42 1.76% 13,748,717 NYSE: WSJ pC4 "Stocks retreat, but not Apple" by Chris Dieterich says stocks fell from multiyear highs as the Fed Res' most recent policy meeting offered no signals that monetary stimulus is on the way. Dow's biggest decliners were Bank of America down 19 cents and Hewlett-Packard down 43 cents.

Home Depot HD
$49.98 -0.01 0.02% 7,922,047 NYSE: AJC pA9 "Home Depot CEO earns 3.3% bump" by Arielle Kass says Frank Blake made $10.8 mil in '11 vs. $10.5 mil in '10.

Intel INTC
$28.11 -0.27 0.95% 33,873,199 NASDAQ-GS: WSJ pB2 "ARM stirs rivalry with Intel in Mobile Security" by Shara Tibken says ARM Holdings is pushing deeper into mobile security opening up a new front with larger chip rival Intel.

IBM
$209.31 -0.16 0.08% 3,590,564 NYSE: Inv. Bus. Daily pA5 "Companies seek data scientists' to mine their ever increasing data" by Brian Deagon says IBM, Microsoft and others are investing heavily in Big Data analytics. IBM alone spent $14 bil buying analytics firms in the past 5 years.

JPMorgan JPM
$45.42 -0.71 1.54% 27,541,014 NYSE: WSJ pC3 "UK fines top deal maker" by Dana Cimilluca says the Fin' Services Authority fined one of London's most high profiled investment bankers for alleged market abuse. A 4718,695 fine was against Ian Hannam for allegedly disclosing inside info about Heritage Oil in '08 while JPMorgan was seeking a potential merger partner for it.

NYT pB5 "Departure at JPMorgan" by mark Scott says Ian Hannam, JJPM's global char of equity capital markets in London resigned on Tuesday.

NYT pB1 "US si said to penalize JPMorgan's Lehman ties" by Ben Protess says the Commodity Futures Trading Comm is expected to file a civil case vs. JPMorgan for actions tied to Lehman's demise.

Johnson & Johnson JNJ
$65.84 -0.37 0.56% 7,940,924 NYSE: WSJ pB6 "J&J trauma bus receives $280 mil bid" by Kristin Jones says Biomet offered this amount to buy Johnson & Johnson's DePuy Orthopaedics. Biomet designs and makes ortopedic products.

Kraft KFT
$38.26 -0.12 0.31% 8,683,299 NYSE: WSJ pB8 "Kraft lifts lid on foods business" by Matt Andrejczak says Kraft Foods Group will be the name of Kraft's N. Amer gorcery business once it is separated from the firm's snacks business. Earnins from opeations fell 2.5% to $1.8bil last year. Opearing margin dropped to 15.7% from 16.6%. CEO Irene Rosenfeld's '11 comp was $11 mil.

McDonald's MCD
$99.32 +0.96 0.98% 4,795,803 NYSE: No mentions found.

Merck MRK
$38.69 +0.18 0.47% 9,462,763 NYSE: Inv. Bus. Daily pA2 says Merck and Codexis will co-develop an enzyme based method to help make boceprevir, a hepatitis C treatment.

Microsoft MSFT
$31.94 -0.35 1.08% 42,438,248 NASDAQ-GS: WSJ pB4 "EU probes Motorola patents" by Ian Sherr, AJC pA10 "European Union looks into Motorola practices" say this is because Apple and Microsoft complained that Motorola Mobility was using injunctions against the iPhone, iPad or Xbox as a way of gaining an edge in the market.

Inv. Bus. Daily pA5 "Companies seek data scientists' to mine their ever increasing data" by Brian Deagon says IBM, Microsoft and others are investing heavily in Big Data analytics. IBM alone spent $14 bil buying analytics firms in the past 5 years.

USA Today p3B "Lumia 900 4G smartphone for $100: a Nokia comeback? by Ed Baig, WSJ pD1 "It's big, it's blue, it's Windows, but can it beat rival phones?" by Walter Mossberg say the Nokia phone which AT&T will sell on Sun using Microsoft Windows op system is attractively priced, has a refreshing op system and a good supply of apps.

Pfizer PFE
$22.495 -0.095 0.42% 33,032,293 NYSE: No mentions found.

Procter & Gamble PG
$67.09 -0.47 0.7% 6,845,367 NYSE: No mentions found.

MMM
$88.79 -0.44 0.49% 2,279,940 NYSE: No mentions found.

Travelers TRV
$59.28 -0.05 0.08% 2,752,659 NYSE: No mentions found.

United Technologies UTX
$82.19 -0.54 0.65% 3,044,782 NYSE: No mentions found.

Verizon VZ
$38.46 -0.06 0.16% 12,253,458 DualListed: WSJ pB2 "AT&T faces walkout" by Greg Bensinger says AT&T may face a walkout by 40,000 wireline employees Sun if the Comm. Workers of America doesn't reach an agreement on a new contract. CWA members staged a 2 wekk strike vs. Verizon Comm in Aug and have yet to reach a contract with them. AT&T has a total of 256,000 employees. Operating income at its wireline unit plunged 7.2% to $7.3 bil and its op rev declined 2.5% to $59.8 bil.

Walmart WMT
$60.61 -0.75 1.22% 10,609,264 NYSE: WSJ pA1 "Attention, frustrated inventors: Walmart wants you on aisle two" by Miguel Bustillo says Walmart sponsors a contest for inventors called "Get on the Shelf", an Internet popularity contest which has been successful.
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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