4/8/12 Sun/Sat/Fri Alcoa Cuts Back Production

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Post No. 1,562 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, and a recent ranking of the Dow 30 components by market capitalization and Dow 30 components' recent SEC filings.

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

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Thursday at 13,060.14 down 14.61 or 0.11% from Wednesday's close of 13,074.75. For the week the Dow was down 151.90 or 1.1% from last Friday's close of 13,212.04 (the Dow was closed Friday for Good Friday). For the year the Dow is up 6.90%. Of the 30 Dow components 11 gained and 19 declined. The biggest gainer dollar-wise was McDonald's and percentage-wise was Home Depot. The biggest decliner dollar-wise was Chevron and percentage-wise was AT&T.

Fri. WSJ pC4 "Dow loses luster, falls 1.1% on week" by Matt Jarzemsky says stocks mostly edged lower, capping the biggest weekly drop of the year as investors weighed steady domestic labor data vs. concerns about Europe's economy.

As of the close of the market on Thursday (the market was closed on Friday), the current divisor for the Dow Jones Industrial Average found at page B4 of Saturday's Wall St. Journal is 0.132129493. Saturday's trailing P/E ratio is 14.62 down from Thursday's trailing P/E ratio of 14.63 (year ago it was 15.10); Saturday's P/E estimate is 12.63 unchanged from Thursday's P/E estimate of 12.63 (year ago it was 12.75) and Saturday's dividend yield is 2.51 up from Thursday's dividend yield of 2.50 (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.

Thursday's Dow Jones Industrial Average closing numerator was 1,725.62 down 1.94 from Tuesday's closing numerator of 1,727.56. 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 Thursday's Dow Jones Industrial Average was $57.52 down $0.07 from Tuesday's average closing price of $57.59. The median closing price of Thursday's Dow Jones Industrial Average was $51.66 (DD/HD) up $0.42 from Wednesday's median closing price of $51.24. The lowest volume was 3M and the highest volume again was Bank of America.

If Thursday 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 $194 ($172,756 - $172,562).

MarketWatch Thursday 4/5/12 4:43 pm by Kate Gibson says U.S. stocks on Thursday closed with weekly losses as investors weighed Europe’s return to the headlines against positive weekly claims data ahead of Friday’s nonfarm payrolls report for March. “Every indication is tomorrow’s job report is going to be strong, and consumer spending has been strong,” said Adrian Day, president of Adrian Day Asset Management in Annapolis, Md. Yet, “in Europe, we’ve got a lot more turmoil coming,” Day added of the case for some trepidation, illustrated by a decline in Spanish bond prices, raising the nation’s borrowing costs. Off 1.2% from last Friday’s close, the Dow Jones Industrial Average DJIA -0.11% on Thursday declined 14.61 points, or 0.1%, at 13,060.1. The S&P 500 Index SPX -0.06% fell nearly 1 point to 1,398.08, or less than 0.1%, with the consumer-discretionary sector faring best and defensive sectors doing the worst among its major industry groups. The S&P 500 posted a weekly drop of 0.7%. The Nasdaq Composite Index COMP +0.40% added 12.41, or 0.4%, points to 3,080.50, leaving it down 0.4% for the week. For every two shares advancing, almost four fell on the New York Stock Exchange, where more than 719 million shares traded. Composite volume neared 3.3 billion. The U.S. stock market is closed on Friday. In economic news, the Labor Department reported claims for unemployment benefits dropped by 6,000 to 357,000 last week. The more stable four-week average declined to 361,750 from 366,000. Read story on jobless claims. “Since last August or September, we’ve had the best six-month stretch we’ve seen in the job market in about six years,” said Phil Orlando, chief equity-market strategist at Federated Investors. Friday’s nonfarm payrolls report from the Labor Department is projected to show an increase of 210,000, according to economists polled by MarketWatch. Read more about expectations for the jobs report. “We think the number is going to be fine,” said Orlando at Federated, which is forecasting a rise of 225,000 in Friday’s report. Target Corp. TGT -0.17% and department-store operator Macy’s Inc. M -0.09% were among those reporting better-than-expected monthly results. “We think the jobs market continues to strengthen; you’re getting sales data from individual stores today, and it looks like companies are blowing out March, on top of a much-stronger-than-expected February, so the consumer appears to be in pretty good shape,” said Orlando. Bed Bath & Beyond Inc. BBBY +8.49% rose 8.5% a day after the retailer reported a more profitable fourth quarter than Wall Street had anticipated. Constellation Brands Inc. STZ -12.47% fell 12% after the wine maker projected earnings for its current fiscal year below analysts’ estimates. Given the S&P 500’s 12% advance in the first quarter, the market was “absolutely” in need of a pause, and concerns about Europe, and in particular Spain’s escalated borrowing costs, provided a minor catalyst, according to Orlando. “There are lots of good reasons that we had a rally in the first quarter. Europe got off the front pages, the U.S. economy is moving along, and the Fed is going to be easing forever, and the market got a little bit complacent,” said Day of Adrian Day Asset Management. “Suddenly, [Federal Reserve Chairman Ben] Bernanke said no QE3 [third round of quantitative easing] coming, and Spain is back on the front pages, and now everyone is saying everything is not going as well as we thought, let’s just take what we’ve got while we’ve got it,” said Day of events in recent days, which had the major indexes down for the first week of the second quarter. But any pullback is more likely to be in the 3% to 5% range, in Orlando’s view. “I don’t think it’ll be a 20% to 30% correction. We’re up almost 33% from the October bottom, and much of that rally was achieved without the participation of hedge funds and retail investors.” “Retail investors are scared to death 2008 is around the corner and they’d lose everything,” Orlando said. “Hedge funds are out of the market because they think the world is coming to an end. The hedges are now realizing they missed out on one of the greatest rallies, so any minor pullback has been met with hedge-fund buying.” Retail investors remain sidelined, but would like to begin returning to equities later in the year, the strategist believes.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T $30.94 +0.63 2% 21,473,570 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Mon. Inv. Bus. Daily pA5 "Mobile data network demands boost Allot, Procera" by Reinhardt Krause says Verizon Wireless had adopted video optimization policies that take into account the type of data plan and smartphones customers use. AT&T has curtailed its all yo can eat unlimited data plans.

Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Sat. WSJ pB1 "Sprint's new 4G? Trek to Kankakee" by Greg Bensinger says Print is rolling out its 4G LTE phones but service will be limited until new cities come online. Sprint's phones-first strategy for its new network is part of its push to catch up with rivals AT&t and Verizon Wireless in offering what has become the industry standard for fourth generation wireless broadband.

Barron's p31 "Our gadget of the week" Microsoft strikes back" by Tiernan Ray says the Nokia Lumia 900 gets 3 of 5 stars. It is $99 with a 2 year AT&T contract and features Windows Phone 7.

Fri WSJ pB1 "Masters flap won't deter IBM chief" b Spencer E. Ane says CEO Rometty is expected to attend the Master. Pres. Obama said he believes Augusta should admit women adding it was kind of long past the time when women should be excluded from anything. Mitt Romney voiced similar sentiments. Rometty hasn't publicly commented on the matter. As one of 3 major sponsors, IBM gets 4 minutes during each hour of tv time. AT&t and Exxon also sponsor the masters.

Alcoa AA $9.63 -0.18 1.83% 24,537,368 NYSE: Mon. Inv. Bus. Daily pA2 "Aloca", Fri WSJ pB2 "Alcoa curbs alumina production" by Matt Day say Aloca said it will cut refining by 4% in the Atlantic region. The increased supply has lowered aluminum prices to $300 per ton.

American Express AXP $58.1 +0.73 1.27% 4,409,702 NYSE: No mentions fund.

Bank of America BAC $9.23 +0.03 0.33% 180,481,814 NYSE: Mon. Inv. Bus. Daily pA6 "bigger is better as banks rebound" by Alan Elliott says Bank of America is up 71% year to date and has 3 quarters of impressive earnings acceleration but analysts see EPS down 29% in Q1.

Boeing BA $73.59 -0.08 0.11% 2,638,496 NYSE: Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Caterpilar CAT $105.87 -0.39 0.37% 4,577,408 NYSE: Sat. WSJ pB5 "The great reversal: playing the US manufacturing boom" by Jack Hough says manufacturing's share of gross domestic product will be releaed on 4/26 and it is likely to be good because firms such as Caterpillar, Ford and NCR are moving some operations back to the US. Vanguard and iShares both count GE as their largest holding.

Chevron CVX $104.75 -0.85 0.8% 5,978,058 NYSE: No mentions found.

Cisco CSCO $20.22 -0.14 0.69% 29,135,226 NASDAQ-GS: Barron's pL14 "Tech: The apple of Investors' eyes" by Mike Hogan says tech stocks have merged as one of the big hunting grounds for both price gains and yield. This isn't the same sector that crushed babyboomer portfolios at the turn of the millenium. After Apple, the top 10 holdings for the 4 big ETFs include Microsoft, Intel, IBM, Oracle and Cisco ETF holdings have also turned into undervalued, low volatility giants which, except for Apple, get no respect.

Sat. WSJ pB3 "Cisco CEO wary of Huawei" by Don Clark says CEO John Chambers said Huawei technologies is Cisco's toughest rival, saying it doesn't always paly by the rules in areas such as IP property protection & computer security.

KO Coke: Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Disney DIS $43.08 +0.15 0.35% 6,339,622 NYSE: Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

DuPont DD $52.7 +0.07 0.13% 4,734,017 NYSE: No mentions found.

Exxon XOM $84.82 -0.16 0.19% 11,953,808 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Fri WSJ pB1 "Masters flap won't deter IBM chief" b Spencer E. Ane says CEO Rometty is expected to attend the Master. Pres. Obama said he believes Augusta should admit women adding it was kind of long past the time when women should be excluded from anything. Mitt Romney voiced similar sentiments. Rometty hasn't publicly commented on the matter. As one of 3 major sponsors, IBM gets 4 minutes during each hour of tv time. AT&t and Exxon also sponsor the masters.

GE $19.49 -0.25 1.27% 39,946,735 NYSE: Sat. WSJ pB5 "The great reversal: playing the US manufacturing boom" by Jack Hough says manufacturing's share of gross domestic product will be releaed on 4/26 and it is likely to be good because firms such as Caterpillar, Ford and NCR are moving some operations back to the US. Vanguard and iShares both count GE as their largest holding.

Hewlett-Packard HPQ $23.11 -0.16 0.69% 14,731,079 NYSE: Fri. USA Today p1B "Flexibe displays bend what's possible" by Jon Swartz says Hewlett-Packard is among firms that are developing flexible display technology, that will allow bendable displays from coffee mugs, newspapers, car dashboards, etc, so that every surface will become a video display.

Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Home Depot HD $50.62 +0.77 1.54% 9,550,651 NYSE: No mentions found.

Intel INTC $28.06 +0.13 0.47% 20,918,413 NASDAQ-GS: Barron's pL14 "Tech: The apple of Investors' eyes" by Mike Hogan says tech stocks have merged as one of the big hunting grounds for both price gains and yield. This isn't the same sector that crushed babyboomer portfolios at the turn of the millenium. After Apple, the top 10 holdings for the 4 big ETFs include Microsoft, Intel, IBM, Oracle and Cisco ETF holdings have also turned into undervalued, low volatility giants which, except for Apple, get no respect.

Fri WSJ pB5 "Intel chips to power Nissan vehicle displays" by Shara Tibken says Intel's Atom processor will appear in certain Nissan vehicles in '13.

IBM $205.47 -0.58 0.28% 3,799,897 NYSE: Sat. Fin Times p1 "Masters snub to IBM chief shines light on sub-par status of female executives" by Richard Waters in San Francisco says three months after rising to one of the top jobs in Corp. America, Ginni Romeety is this weekend coming to terms with a glass ceiling she has been unable to break: Membership of Augusta National, the male only club where the Masters golf tournament reaches its climax Sun. The failure to offer her membership, IBM is the event's chief sponsor, is fast turning into a snub that critics say will rebound on both the club and IBM should it fail to take a stand on the issue. The omission comes despite growing public attention, which late this week included mild rebukes of the gender bar for Pres. Obama and Mitt Romney, both of whom seized on the issue as a chance to woo female voters. "His opinion is that women should be admitted," White House spokesman jay Carney said. Rometty wold be the first female member in the club's 79 year history if Augusta National follows its tradition of offering honorary membership to the heads of the Masters' corporate sponsors. Rometty, who plays gold and IBM declined to comments. "All those female IBM employees would feel demoralized and see her appointment as just being symbolic<" said Mary Ellen Balunius, a professor of political science at La Salle Univ. She added that it could also make it harder for IBM to recruit in future, since young employees are "Looking for progressive places to work,." Others argue that Augusta snub is equally demoralizing for all aspiring female execs, who often feel left out of male dominated business networking. Ben Agger, a U of Texas professor described prestigious country clubs as the true corridors of power where important work relationships are cemented. He said that women execs, even when full members at exclusive clubs, often find they are related to the worst tee times, making the Augusta membership issue "both highly symbolic and substantive". "For a conservative, cautious company like Big Blue to pull out would make a profound statement," Mr. Agger said. Barron's pL14 "Tech: The apple of Investors' eyes" by Mike Hogan says tech stocks have merged as one of the big hunting grounds for both price gains and yield. This isn't the same sector that crushed babyboomer portfolios at the turn of the millenium. After Apple, the top 10 holdings for the 4 big ETFs include Microsoft, Intel, IBM, Oracle and Cisco ETF holdings have also turned into undervalued, low volatility giants which, except for Apple, get no respect. Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil. Sat. WSJ pA16 "Freddie needs a couple more days' by John Paul Newport says IBM CEO Virginia Rometty did not attend the Masters so far. She is in the middle of a controversy because IBM, one of the Masters 3 main sponsors, has had the previous for top execs offered membership. Rometty was expected to entertain clients at IBM's cabin near the 10th fairway but she was not there. Fri WSJ pB1 "Masters flap won't deter IBM chief" by Spencer E. Ane says CEO Rometty is expected to attend the Master. Pres. Obama said he believes Augusta should admit women adding it was kind of long past the time when women should be excluded from anything. Mitt Romney voiced similar sentiments. Rometty hasn't publicly commented on the matter. As one of 3 major sponsors, IBM gets 4 minutes during each hour of tv time. AT&t and Exxon also sponsor the masters. JPMorgan JPM $44.34 -0.07 0.16% 28,818,743 NYSE: Barron's p15 "Week preview" says on April 13 JPMorgan and Wells Fargo lead off big banks' quarterly reports.

Sat. Fin Times p10 "Funds hit by JPMorgan's CDX moves" by Tom Braithwaite, Fri. WSJ pA1 "London whale rattles debt market" by Greg Zuckerman say large positions in credit derivatives taken by JPMorgan in London are frustrating hedge funds and drawing attention to the might of JPM's chief investment office. JPM has amassed a big position in an index of credit default swaps, sufficient to move the market that hhurt hedge funds that have taken the other side of the trade.

Fr. WSJ pC10 " A leash for JPMorgan buybacks" by David Reilly says in his annual letter to shareholders, CEO James Dimon emphasized the need to be judicious in the sue of share buybacks.

Fri NYT pB4 "Talks over MF global funds" by Ben Protess says JMMorgan is talking with authorities about turning over customer money that disappeared from MF Global when it went bankrupt last year.

Johnson & Johnson JNJ $65.34 -0.05 0.08% 7,901,231 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Kraft KFT $38.04 -0.18 0.47% 7,627,477 NYSE: No mentions found.

McDonald's MCD $98.62 1+.14 1.17% 5,469,430 NYSE: Sat. Fin Times p11 "Burger King plans to float and take on McDonald's" by Alan Rappeport says Burger King will go public again.

Mon. Inv. Bus. Dialy pA2, Fri. USA Today p1B "McDonald's Happy Meal case dismissed" say a San Fran judge dismissed a proposed class action lawsuit that tried to stop McDonald's from using toys to market its meals to children in Cal.

Merck MRK $38.88 -0.025 0.06% 13,880,879 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Microsoft MSFT $31.52 +0.31 0.99% 50,340,569 NASDAQ-GS: Barron's pL14 "Tech: The apple of Investors' eyes" by Mike Hogan says tech stocks have merged as one of the big hunting grounds for both price gains and yield. This isn't the same sector that crushed babyboomer portfolios at the turn of the millenium. After Apple, the top 10 holdings for the 4 big ETFs include Microsoft, Intel, IBM, Oracle and Cisco ETF holdings have also turned into undervalued, low volatility giants which, except for Apple, get no respect.

Barron's p31 "Our gadget of the week" Microsoft strikes back" by Tiernan Ray says the Nokia Lumia 900 gets 3 of 5 stars. It is $99 with a 2 year AT&T contract and features Windows Phone 7.

Fri WSJ pB1 "Microsoft banks on mobile apps" by Shira Ovide, Fri NYT pB1 "Microsoft is writing checks to fill out app store" by Jenna Wortham say after years of struggling in the phone market, Microsoft teamed up with Nokia last year to challenge the dominance of Apple's iPhone and Google which make the Android oeprating system. ow the latest collaboration is the Lumia 900.

Pfizer PFE $22.34 -0.045 0.2% 22,046,412 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Procter & Gamble PG $67.31 +0.05 0.07% 7,695,873 NYSE: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on bluechip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

MMM $87.27 -0.57 0.65% 2,046,467 NYSE: No mentions found.

Travelers TRV $58.88 -0.34 0.57% 2,930,858 NYSE: No mentions found.

United Technologies UTX $81.6 -0.32 0.39% 2,482,211 NYSE: Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Verizon VZ $37.66 -0.73 1.9% 11,666,182 Dual Listed: Barron's pM9 "Aiming at a continuing recover" by Steven Sears says you could make money by selling puts on blue chip stocks that pay reliable dividends. There is dignity in letting the options market pay you simply for agreeing to buy good stocks, including Procter & Gamble, Exxon Mobil, Pfizer, Merck, Johnson & Johnson, Verizon Comm and AT&T. Selling puts that are 5 or 10% below the stock price and that expire in 3 to 6 months never hurts.

Mon. Inv. Bus. Daily pA5 "Mobile data network demands boost Allot, Procera" by Reinhardt Krause says Verizon Wireless had adopted video optimization policies that take into account the type of data plan and smartphones customers use. AT&T has curtailed its all yo can eat unlimited data plans.

Sun. NYT p Bus. 1 "A rich game of thrones" by Natasha Singer lists the highest 50 paid public company US CEO's and included: Meg Whitman, Hewlett-Packard $16.5 mil, Sam Palmisano IBM $24.2 mil, James McNerney Boeing $18.4 mil; Louis Chenevert United Technologies $22.9 mil; Randall Stephenson AT&T $18.7 mil, Robert McDonald Procter & gamble $16.2 mil, Muhtar Kent Coke $21.2 Mil, William Weldon Johnson & Johnson $23.4 mil, Ian Read Pfizer $18.1 mil, Robert Iger Disney $31.4 mil, and Lowell McAdam Verizon $23 mil.

Sat. WSJ pB1 "Sprint's new 4G? Trek to Kankakee" by Greg Bensinger says Print is rolling out its 4G LTE phones but service will be limited until new cities come online. Sprint's phones-first strategy for its new network is part of its push to catch up with rivals AT&t and Verizon Wireless in offering what has become the industry standard for fourth generation wireless broadband.

Walmart WMT $60.67 +0.41 0.68% 6,526,809 NYSE: Barron's pM8 "Grocery shopping in China" by Kopin Tan says as the recession threat eases, US food retailers' stocks have eked out small gains, while shares of so called hypermarket operators, the heavyweight class that includes Walmart and costco have jumped 17% over the past year while their Chinese counterparts have slipped weighed down by soaring rents and cautious consumers.

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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)

***************************
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