Friday, May 18, 2012

5/18/12 Fri. am Walmart Results Beats Forecasts; Hewlett-Packard may cut 30,000 JJobs



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. 1,631 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 as of May 16 and recent Dow 30 components' SEC filings as of May 16.



A read of the print editions of Friday's Wall St. Journal,  New York Times, USA Today  &amp & San Francisco Chronicle 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 a separate table of Dow component's symbol and Thursday's stock prices and related data in alphabetical order.

Dow Jones Industrial Average The Dow Jones Industrial Average closed Thursday at 12,442.49 down 156.06 or 1.24% from Wednesday's close of 12,598.55.  For the year the Dow is up 1.8%.Of the 30 Dow components 5 gained and 25 declined. The biggest gainer dollar-wise  and percentage-wise was Walmart. The biggest decliner dollar-wise  and percentage-wise was Caterpillar.

WSJ pC1 reasury yields drop: stocks' slide  deepens" by Matt Jarzemsky says unsettling news on boh sides of he Atlantic helped send stocks lunging and drove 10 year Treasury yields to their lowest closing level on records.  Caterpillar fell 44.06 suffering the biggest Dow  drop after saying sales of construction & mining machinery slowed in the qtr ended April.  Walmart jumped $2.49, its biggest percent increase since '08, afer it reported fiscal 1Q earnings & rev hat exceeded analyst forecast.

Fin Times p22 "Sears and Walmart both defy retail gloom with strong results" by Arash Massoui says despite Ears & Walmart's good esuls US markets suffered losses for a 5th straigh session falling to their lowest levels since Jan.

NYT pB8 "Spanish bank woes & US data hurt shares" by Reutes says the stock market hit a 4 month low as worries about the health of Spanish banks added to anxiety about Europe.

USA Today p4B "Stocks  tumble as economic reports add to Greece worries" by AP says he Dow  posed its 11th loss in 12 sessions Thurs after a pair of discouraging economic reorts unerved investors already worried ha Greece migh abandon he euro. Caerpillar was the bigges Dow decliner and Walmart rose 4%.

As of the open of the market on Friday the current divisor for the Dow Jones Industrial Average found at page C5 of  Friday's Wall St. Journal is 0.132129493. Friday's trailing P/E ratio is 13.68 down from   yesterday's trailing P/E ratio of 13.86 (year ago it was 14.31); today's P/E estimate is 12.11 unchanged from Thursday's P/E estimate of 12.11 (year ago it was 12.74) and today's dividend yield is 2.79 up from yesterday's dividend yield of 2.63 (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 1,644.02 down 20.62 from Wednesday's closing numerator of 1,664.64. 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 $54.80 down $0.69 fromlWednesday's average closing price of $55.49. The median closing price of Thursday's Dow Jones Industrial Average was $47.93 (DD/HD) down $1.38 from Wednesday's median closing price of $49.31. 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 $2,062 ($166,464 - $164,402).

MarketWatch  Thursday 4:34 by Kate Gibson says U.S. stocks slid on Thursday, with the Dow industrials down for an 11th out of 12 sessions, as a negative gauge of manufacturing in the Philadelphia region added to worries about Europe.Months before Bruno Iksil became famous as the "London whale," he was the "Caveman," pursuing trades that rivals sometimes thought were overly aggressive but often led to huge profits. Greg Zuckerman has details on the News Hub.
“We’re going to react negatively on those days we wake up and think, Europe really is important. We can’t overlook it just because Facebook is going public,” said Kim Caughey Forrest, senior equity analyst at Fort Capital in Pittsburgh.The Dow Jones Industrial Average  DJIA -1.24%  fell 156.06 points, or 1.2%, to 12,5442.49.J.P. Morgan Chase & Co.  JPM -4.31%  shares were among those weighing, its shares off 4.3% after the New York Times reported the bank’s trading loss announced last week had widened from $2 billion to more than $3 billion during the last four trading sessions. Dow component Hewlett-Packard Co. HPQ +0.14%  shares rose 0.1%. Bloomberg News cited people familiar with the plan in reporting the personal computer and services provider is considering cutting as many as 25,000 jobs, or 8% of its workforce.Leading the blue-chip index’s limited risers, shares of Wal-Mart Stores Inc. WMT +4.21%  jumped 4.2% after the discount retailer reported a better-than-expected rise in first-quarter income.Ending at a four-month low, the S&P 500 Index SPX -1.51%   shed 19.94 points, or 1.5%, to 1,304.86, with consumer discretionary losing the most among its 10 industry sectors.Both the Dow and the S&P 500 were off for a fifth day.“We are in the midst of a garden-variety correction, and those tend to manifest themselves anywhere from 5% to 10% from peak to trough, and now the S&P 500 is down about 7% from its April high,” said Art Hogan, a market strategist at Lazard Capital Markets.
“The biggest driver for the recent sell off is our over-arching concern that Greece’s inevitable exit from the euro zone may cause a run on some of the other southern European banks, like in Spain, Portugal and Italy,” Hogan added.Sears Holdings Corp. SHLD +3.05%  shares rose 3.1% after the retailer reported a far smaller-than-expected first-quarter loss and said it planned to sell part of its Sears Canada unit.Off for a fourth session, the Nasdaq Composite / COMP -2.10%  declined 60.35, or 2.1%, to 2,813.69.For every stock gaining five fell on the New York Stock Exchange, where 945 million shares traded; composite volume topped 4.6 billion.The Labor Department said claims for jobless benefits held steady last week, while the Conference Board’s gauge of the outlook for the next three to six months fell 0.1% in April. Another report had manufacturing in the Philadelphia region contracting in May for the first time in eight months. Crude-oil futures /2203144 CLM2 +0.10%   finished lower for a fifth day, with the contract for June delivery closing at a six-month low of $92.56 a barrel.Moody’s Investors Service is ready to downgrade the ratings of two Spanish banks, according to reports citing people with knowledge of the matter.

Friday's Dow News followed by Thursday's Dow Closing Numbers:

AT&T:
No mentions found.

Alcoa:
No mentions found.

American Express:
No mentions found.

Bank of America:  WSJ pC10 "Overheard" says Warrnet Buffett owns warrants for 700 mil BofA shares at strike price of $7.14.

WSJ pC10 "Peering over JPMorgan's hedges" by David Reilly, WSJ pC1 "Key void at top for JPMorgan" by Dan Fitzpatrick say JPMorgan hasn't had a treasurer in place for some time inlcidng when the $2 bil loss occurred.  Reilly says questions about JPMorgan's hedging strategies is spilling over to other banks including Bank of America.
Boeing:

Caterpillar:  WSJ pC1 reasury yields drop: stocks' slide  deepens" by Matt Jarzemsky says unsettling news on boh sides of he Atlantic helped send stocks lunging and drove 10 year Treasury yields to their lowest closing level on records.  Caterpillar fell 44.06 suffering the biggest Dow  drop after saying sales of construction & mining machinery slowed in the qtr ended April.  Walmart jumped $2.49, its biggest percent increase since '08, afer it reported fiscal 1Q earnings & rev hat exceeded analyst forecast.

USA Today p4B "Stocks  tumble as economic reports add to Greece worries" by AP says he Dow  posed its 11th loss in 12 sessions Thurs after a pair of discouraging economic reorts unerved investors already worried ha Greece migh abandon he euro. Caerpillar was the bigges Dow decliner and Walmart rose 4%.
Chevron:

Cisco: WSJ pC10 "Facebook's status: Tech's poor relative" by Rolfe Winkle says Facebook will have $11 bil in cash compared with Microsoft's 59.5 bil and $48.4 bil for Cisco.

Coke: San Fran Chron pD2 "No fruit fraud here Minue Maid wins pomegranagte case" by Bog Egelko says Coke's band won a case from a fed appeals cour in San Fran in a suit by Pom Wodnerful tha accused Minute Maid's "Pomegranagte Blueberry" of false advertising.

Disney:
No mentions found.

DuPont:
No mentions found.


Exxon:
No mentions found.

GE:
No mentions found.

Hewlett-Packard: WSJ pB1 "H-P chief may cut 30,000 workers" by Ben Worthen, USA Today p1B "Report: HP to slash 25,000 workers" by Jon Swartz,  NYT pB1 "Hewlett-Packard's plans include 30,000 job cuts" by Quentin Hardy, San Fran Chronicle pD1 "Hewlett-Pakard considering up to 25,000 job cuts"  by Aaron Ricadela  say Hewlett-Packard by do this as it grapples with declining rev and profits.

Home Depot:
No mentions found.

Intel:
No mentions found.

IBM:
No mentions found.

JPMorgan:  WSJ pA1 "Inside JPMorgan's blunder" by Monica Langley, WSJ pC10 "Peering over JPMorgan's hedges" by David Reilly,  NYT pB3 "JPMorgan chief agees to appear before Senate paneL" by Ben Protess,  Fin Times p20 "JPMorgan shows size can be deadly in a low rate world" by Gillian Tett, WSJ pC1 "Key void at top for JPMorgan" by Dan Fitzpatrick,  WSJ pA13 "Why Washington hates Jamie Dimon" by Lawrence Lindsey, Fin times p13 "JPMorgan unit has $100 bn of risky bonds" by Sam Jones, Fin Times p14 "Dimon will testify to Senate banking panel" by Shahien Nasirpour, Fin Times p12 "JPMorgan reaction",  say JPMorgan hasn't had a treasurer in place for some time inlcidng when the $2 bil loss occurred.  Reilly says questions about JPMorgan's hedging strategies is spilling over to other banks including Bank of America.


Johnson & Johnson:
No mentions found.

Kraft:
No mentions found.

McDonald's:
No mentions found.

Merck:
No mentions found.

Microsoft:  WSJ pC10 "Facebook's status: Tech's poor relative" by Rolfe Winkle says Facebook will have $11 bil in cash compared with Microsoft's 59.5 bil and $48.4 bil for Cisco.

Pfizer:
No mentions found.

Procter & Gamble:
No mentions found.

3M:
No mentions found.

Travelers:
No mentions found.

United Technologies:
No mentions found.

Verizon:  WSJ pB3 "Verizon offes a rade off on daa plans" by Gre Bensinger, USA Today p3B "Data sharing plans wave of the futurre" by Roger Yu say Verizon if custgomers pay full price fo their smartphones hey mmay wold keep all you can use plans.

Walmart:  WSJ pB3 "With more on shelves, Walmart profit rises" by Karen Talley says for the qtr ended 4/30 Walmart had a profit of $3.74 bil or $1.09 a share up from $3.4 bil or 97 cents a share a year earlier.  In Feb Walmart forecast earnings of $1.01 to $1.06 a share.  Rev. rose 8.5% to $113.02 bil.  For the current qtr Walmart forecast earnings of $1.13 to $1.18 a share.

WSJ pC10 "Walmart's stiff upper lip" by Justin Lahart, WSJ pC1 reasury yields drop: stocks' slide  deepens" by Matt Jarzemsky says unsettling news on boh sides of he Atlantic helped send stocks lunging and drove 10 year Treasury yields to their lowest closing level on records.  Caterpillar fell 44.06 suffering the biggest Dow  drop after saying sales of construction & mining machinery slowed in the qtr ended April.  Walmart jumped $2.49, its biggest percent increase since '08, afer it reported fiscal 1Q earnings & rev hat exceeded analyst forecast.  Walmart's UK traffic rose 2.9% the past quarter showing how its lower prices are working.

Fin Times p17 "Walmart warns of bribery claim risks" by Barney Jopson,NYT pB1 "Bribery case at Walmart may widen" by Stephanie Cifford say Walmart's quarterly earnings rose 10.1%.

USA Today p4B "Stocks  tumble as economic reports add to Greece worries" by AP says he Dow  posed its 11th loss in 12 sessions Thurs after a pair of discouraging economic reorts unerved investors already worried ha Greece migh abandon he euro. Caerpillar was the bigges Dow decliner and Walmart rose 4%.
Thursday's Dow Closing Numbers:

Symbol Last Sale Change % Change Share Volume Market
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
KFTNYSE
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
PFENYSE
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
VZDualListed
WMTNYSE
***********************
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 Alex Gorsky (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 as of 5/16/12 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 $382.5 [4.5]

2. Microsoft MSFT 253.5 [8.5]

3. IBM 229.5 [1]

4. WalMart WMT 202 [3.5]

5. Chevron CVX 200 [2]

6. AT&T T 195.5 [6]

7. GE 195 [10.5] 

8.Procter & Gamble PG 174.5 [3]


9. Johnson & Johnson JNJ 174.5 [3]

10. Coke KO 173 [2] 

11. Pfizer PFE 167 [7.5]

12.  JPMorgan Chase JPM 138 [4]

13. Intel INTC 134 [5]

14. Verizon VZ 116.5 [3] 

15. Merck MRK 115 [3] 

16. McDonald's MCD 92.5 [1]

17. Cisco CSCO 89 [5.5]

18. Disney DIS 80.5 [2] 

19. Bank of America BAC 78.5 [10.5]

20. Home Depot HD 74 [1.5]

21. United Technologies UTX 69.5 [1]

22. Kraft KFT 69 [2] 

23. American Express AXP 67 [1]

24. Caterpillar CAT 60.5 [.5]

25. 3M MMM 59.5 [.5]

26. Boeing BA 54.5 [1]

27. DuPont DD 47 [1]

28. Hewlett-Packard HPQ 44 [2]

29. Travelers TRV 25 [.5]

30. Alcoa AA 9 [1]


Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 5/16/12:



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



AT&T T: 5/4/12 10Q for Qtr ended 3/31

5/2/12 8K re: Results of Annual Stockholders Meeting

4/24/12 2 8Ks re: 1 Qtr results

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

Alcoa AA:  5/10/12 8K re: Results of Annual Shareholders Meeting

5/8/12 8K re: Sustainability Highlights Report

4/16/12 8K re: 1Q Earnings call transcript

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


American Express AXP:  5/15/12 8K re: delinquency & write-off stats thru 4/30

5/3/12 8K re: Annual Meeting of Shareholders results

5/1/12 10Q for Qtr ended 3/31

4/18/12 8K re: 1 Qtr results

4/16/12 8K re: delinq. & write-off stats thru 3/31

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




Bank of Am BAC:  5/9/12 8K re:  results of Annual Shareholders meeting

5/4/12 8K re: change of presentation of fin'l info

5/3/12 10Q for Qtr ended 3/31

4/23/12 Proxy material for 5/9 Annual Meeting

4/19/12 8K 1Q results

4/11/12 8K re: reclassification of business segments

3/16/12 8K re: sale of preferred stock




Boeing BA:  5/3/12 8K re: amendment to bylaws reducing number of directors from 12 to 11

4/25/12 10Q for quarter ended 3/31

4/25/12 8K re: 1 Qtr results

3/16/12 Proxy materials re: Annual Meeting of Shareholders 4/30/12 10 am Field Museum, Chicago




Caterpillar CAT:  5/7/12 10Q for 1 Qtr ended 3/31

4/25 8K re: 3/12 dealer stats

4/25/12 8K re: 1 Qtr results

4/23/12 Proxy re: 6/13/12 Annual Stockholders Meeting at San Antonio, Tx

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




Chevron CVX:  5/3/12 10Q for quarter ended 3/31

5/3/12 Proxy material re: voting recommendations

4/27/12 8K re: 1 Qtr results

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.



Cisco CSCO :  5/9/12 8K re: 3 Qtr results

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




Coke KO:  5/15/12 Proxy re: special meeting of stockholders to approve stock split to be held at Atlanta on 7/10/12 to get invited email: shareownerservices@na.ko.com by 5/21

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



Disney DIS:  5/8/12 10Q for quarter ended 3/31

5/8/12 8K re: 1 Qtr results

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




DuPont DD: 5/1/12 8K re: Annual meeting of stockholders results

4/24/12 10Q re: quarter ended 3/31

4/19/12 8K re: 1 Qtr results

4/17/12 Proxy re: voting recommendations

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.




ExxonMobil XOM: 5/11/12 proxy re: voting recommendations

5/3/12 10Q ended 3/31

4/26/12 8K re: 1 Qtr results

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




GE: 5/16/12 8K re: dividend of $475 mil & increase of stock buyback program

5/9/12 10Q/A & 5/4/12 10Q for Qtr ended 3/31

4/30/12 8K amending emmployee incentive plan

4/20/12 8K re: 1 Qtr results


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




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




Home Depot HD: 5/15/12 8K re: 1 Qtr results

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



Intel INTC:  5/11/12 8K re: Reg FD disclosure of webcast

5/7/12 8K re: 90 cents a share dividend

5/4/12 10Q for quarter ended 3/31

4/18/12 & 4/17/12 8Ks re: 1 Qtr results

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




IBM:  5/10/12 8K re: underwriting of notes

5/9/12 8K re: investor briefing materials

4/26/12 8K re: Annual stockholders meeting results

4/24/12 10Q re: Qtr ended 3/31

4/18/12 8K re: sale of IBM's Retail Store Solutions Business to Toshiba TEC

4/18/12 & 4/17/12 8Ks re: 1 Qtr results

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





JPMorganChase JPM:  5/15/12 8K re: retirement of Chief Inv. Office Ina Drew succeeded by Matthew E. Zames

5/10/12 10Q re: qtr ende 3/31

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




Johnson & Johnson JNJ :  5/8/12 8K re: sale of DePuy Orthopaedics to Biomet

5/7/12 10Q re: qtr ended 4/1

4/27/12 8K re: results of annual  meeting of stockholders

4/20/12 add'l proxy material
4/19/12 8K re: amendment to bylaws splitting the offices of Chairman & CEO

4/17/12 8K re: 1 Qtr results

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





Kraft KFT:  5/14/12 proxy material re Annual meeting

5/4/12 10Q for qtr ended 3/31

5/3/12 8K re: 1 Qtr results

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




McDonald's MCD:  5/8/12 8K re: April  sales

5/8/12 10Q for quarter ended 3/31

4/20/12 8K re: 1 Qtr results

4/16/12 8K re: election of Tim Fenton as COO

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.




Merck MRK:  4/27/12 10Q re Qr ended 3/31

4/27/12 8K re: 1 Qtr results

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




Microsoft MSFT:  5/3/12 8K re: election of Steve Luczo to Board, he is CEO of Seagate Tech

4/19/12 10Q for  qtr ended 3/31

4/19/12 8K re 1 Qtr results



Pfizer PFE:  5/10/12 10Q for quarter ended 4/1

5/1/12 8K re: 1 qtr results

4/27/12 8K re: results of annual meeting of shareholders

4/23/12 8K re: ale of Nutrition business to Nestle for $11.85 bil

44/16/12 add't'l proxy material

3/15/12 Proxy materials re: Annual meeting of shareholders 4/26/12 8:30 am Westin Governor Morris, Morristown, NJ




Procter & Gamble PG:  5/4/12 8K e: resentation of info re: Snack Business as a discontinued operation

4/27/12 10Q for qtr ended 3/31

4/27/12 2 8Ks re: 3 qtr results

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




3M MMM:  5/10/12 & 5/412 8Ks re: adoption of exec pre-arranged stock trading plans

5/9/12 2 8Ks re: approval of amendments to employee stock purchase plan

5/3/12 10Q for quarter ended 3/31

4/24/12 8K re: 1 qtr results

4/17/12 8K re: duties of Lead Inependent Director


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




Travelers TRV:  4/19/12 10Q for quarter ended 3/31

4/19/12 8K re: results of quarter ended 3/31

4/10/12 Proxy materials re: Annual meeting of shareholders on 5/23/12 11 am Hartford, Marriott


United Technologies UTX:  4/30/12 10Q for quarter ended 3/31

4/24/12 8K re: 1 qtr results

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




Verizon Communications Inc. VZ:  5/9/12 8K re: results of annual shareholders meeting

4/26/12 10Q for quarter ended 3/31

4/19/12 8K re: 1 qtr results

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.




WalMart WMT:  4/16/12 proxy material re: Annual Meeting of Shareholders to be held 6/1 at 7 am at U. of Arkansas in Fayetteville, Ark.

3/27/12 10K for year ended 1/31/12  END

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