Thursday, July 19, 2012

7/19/12 Thurs. pm Dow Closes at 12943.36 up 34.66 or 0.27%8


Post No. 1,734 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' SEC filings.

 The Dow Jones Industrial Average closed Thursday at 12,908.7 up 103.16 or 0.81% from Wednesday's close of 12,908.7. Of the 30 Dow components 15 gained, 2 -Exxon and Merck were unchanged and 13 declined. The biggest gainer dollar-wise and percentage-wise was  IBM up $7.09 or 3.77%. The biggest decliner dollar-wise was  American Express down $2.06 and percentage-wise was Bank of America 3.59 %.


As of the open of the market on Thursday the current divisor for the Dow Jones Industrial Average found at page C6 of Thursday's Wall St. Journal is 0.132129493. Thursday's trailing P/E ratio is 14.54 up from yesterday's trailing P/E ratio of 14.34 (year ago it was 14.21); today's P/E estimate is 12.23 unchanged from Wednesday's P/E estimate of 12.23 (year ago it was 12.60) and today's dividend yield is 2.60 down from yesterday's dividend yield of 2.62 (last year it was 2.40). 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 1,710.20 up 5:18 from Wednesday's closing numerator of 1,705.62. 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 increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $57.01 up 0.16 from Wednesday's average closing price of $56.85. The median closing price of  Thursday's Dow Jones Industrial Average was $50.08 (HD/DIS) down $0.03 from  Wednesday's median closing price of $50.11 (HD/DD. The lowest volume was United Technologies 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 made $518 ($171,020 - $170,562).

MarketWatch Thurs. 4:10 MarketWatch.com by and Laura Mandaro: U.S. stocks 
extended gains into a third session Thursday, led by tech stocks, as investors bought on relief earnings were largely beating expectations and helped by the latest round of results from blue-chip International Business Machines IBM +3.77% and S&P 500-component eBay Inc. EBAY +8.63% The Dow Jones Industrial Average DJIA +0.27% rose 34.66 points, or 0.3%, to 12,943.66. The S&P 500 SPX +0.27% gained 3.73 points, or 0.3%, to 1,376.51. The Nasdaq Composite COMP +0.79% rose 23.30 points, or 0.8%, to 2,965.90.
Thursday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
KFTNASDAQ-GS
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
PFENYSE
PGNYSE
MMMNYSE
TRVNYSE
UTXNYSE
VZDualListed
WMTNYSE

*******************
The following are excerpts from Thurs. morning's Blog.


A read of the print editions of Thursday's Wall St. Journal, Financial Times, Investor's Business Daily, New York Times, USA Today, Atlanta Journal Constitution &amp 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 a separate table of Dow component's symbol and Wednesday's stock prices and related data in alphabetical order.

Dow Jones Average The Dow Jones Industrial Average closed Wednesday at 12,908.7 up 103.16 or 0.81% from Tuesday's close of 12,805.54. For the year the Dow is up 5.66%. Of the 30 Dow components 23 gained and 7 declined. The biggest gainer dollar-wise was IBM up $4.18 and percentage-wise was Intel up 3.27 %. The biggest decliner dollar-wise was Bank of America down $5.11 and percentage-wise was Intel down 3.27%.

WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

USA Today p4b "Better than expected profit reports send stocks higher" by Bloomberg says stocks rallied Wed after firms from Intel to Honeywell reported profit that beat estimates & housing starts increased the fastest in 4 years.

NYT pB9 "Indexes rise on good nes for housing and earnings" by AP says a new sign of recovery in the housing market & strong corp earnings sent stocks higher for a 2nd day.

Inv. Bus. Daily pB2 "Techs help nasdaq outrun other indexes; volume up" by David Saito-Chung says the nasdaq resumed its leadership status Wed pacing a decent rally as more earnings surprises pwoered buying in the compuer & electronics sectors.  Wed's action saw naadaq leading indexes in higher volume while the current outlook is an uptrend under pressure.



Wednesday's Dow Jones Industrial Average closing numerator was 1,705.62 up 14.63 from Tuesday's closing numerator of 1,691.99. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $56.85 up 0.45 from Tuesday's average closing price of $56.40. The median closing price of Wednesday's Dow Jones Industrial Average was $50.11 (HD/DIS) up $0.07 from Tuesday's median closing price of $50.04 (HD/DIS. The lowest volume was United Technologies and the highest volume again was Bank of America.

If Wednesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,463 ($170,562 - $169,199).

MarketWatch 3:49 MarketWatch.com by Wallace Witkowski and Laura Mandaro: U.S. stocks extended gains into a second day Wednesday, turbocharged by a rally in tech stocks and Federal Reserve Chairman Ben Bernanke’s comments, and undeterred by a slightly weaker Beige Book.
Federal Reserve Board Chairman Ben Bernanke sketched out for members of Congress the weaker economic outlook and stressed that the central bank is prepared to take further action to try to give the recovery a jolt. The Dow Jones Industrial Average DJIA+0.81% stood 107 points higher, up 0.8% to 12,913. The index touched an intraday high of 12,921.94 earlier in the session. Intel Corp. INTC+3.27% led gainers on the Dow, up 3.9% after the chip company late Tuesday lowered its third-quarter forecast by less than some analysts had feared it would. Rounding out the top five stocks on the Dow, all with gains of 2% or more, were Cisco Systems Inc. CSCO+2.90% , Hewlett-Packard Co. HPQ+2.28% , International Business Machines Corp. IBM+1.94% , and Microsoft Corp. MSFT+2.66% . IBM reports quarterly results after the close of trading Wednesday. Stocks across the board received a boost after Bernanke reiterated remarks to Congress that the central bank was ready, though in no rush, to inject more stimulus into the U.S. economy. He added that he doesn’t expect the economy to slip back into recession. On the other hand, Bank of America Corp. BAC-4.92% shares led blue-chip decliners, down 4.2%, after the bank reported second-quarter results that beat Wall Street estimates. The profit was bulked up by reduced provisions for loan losses, however.
Because investor sentiment has been negative lately, even tepid news showing growth is enough to move sidelined investors into taking risks, said Stuart Freeman, chief equity strategist at Wells Fargo Advisors. For example, while U.S. housing data out earlier Wednesday appeared mixed, investors focused on a surge in June housing starts over a drop in building permits as a sign that the home-building market has bottomed. Even the addition of two more Fed regions showing slowed growth in the Beige Book did little to dent stock gains. “Gains are very highly concentrated in cyclicals versus defensive stocks,” said Freeman. “We’ll probably see more days of this.” Freeman has an end-of-year target for the S&P 500 index SPX+0.67% of 1,400 to 1,450. The S&P 500 gained 9.6 points, or 0.7%, to 1,373, led by a 1.9% rally in tech shares. The index earlier touched an intraday high of 1,375.27. Financials and consumer staples were the only two of 10 sectors lower. The tech-heavy Nasdaq CompositeCOMP+1.12% also rose, rallying 33 points, or 1.2%, to 2,943, standing near its intraday high of 2,951.30. “Markets are seeing some follow-through from yesterday’s turnaround advance,” said Michael Sheldon, chief market strategist at RDM Financial Group in Westport, Conn. High gold prices are compelling companies to start mining more aggressively in the difficult terrain in Mexico's mountainous areas. “The catalyst for that turnaround seemed to be that while economic data have clearly slowed, some investors are looking ahead to further Fed stimulus. ... Bernanke was fairly vague but did point out that the Fed was reviewing a number of options that could be deployed,” he said. U.S. stocks ended higher Tuesday, propelled by quarterly reports from Goldman Sachs Group Inc. GS -1.50% and Coca-Cola Co.KO -0.32% as well as the first of Bernanke’s two days of testimony on Capitol Hill. Also helping, said Sheldon, were corporate results that were beating recently lowered views. “Now that earnings are coming through, enough companies are beating estimates that investors are willing to go back into the market for now,” Sheldon said. But he cautioned, “There’s still plenty of uncertainty.” Both on the NYSE and Nasdaq advancing stocks outnumbered decliners by about three to two. Volume of NYSE-listed shares was at 3.02 billion shares, while Nasdaq-listed share volume was at 1.51 billion.

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

AT&T:  WSJ pB2 "AT&T fires back at verizon" by Tom Gryta, USA Today p3B "AT&T packages wireless data use" by AP, AJC pA16 "AT&T to roll out Mobile Share" by Peter Svensson, APsay AT&T following Verizon's lead introduced new subscriber plans that let customers share data among up to 10 mobile devices under a single contract.


Alcoa:  No mentions found.

American Express:  WSJ pC2 "American Express earnings are flat" by Andrew Johnson, IBD pA1 "AmEx rev falls short",  AJC pA16 "American Express earns $1.34 bil" say Amex's 2Q profit was flat as the pace of customer card spending slowed though it continued to benefit from low loan losses.  EPS rose 7% to $1.15 per share or $1.34 bilbeating by 6 cents expectations.  Rev grew 5% to $7.97 bil, below views for $8.11 bil. 

Bank of America:  WSJ pC2 "At BofA, a swing to profit" by Christian Berthelsen, WSJ pC12 "BofA hit by ghost of housing past" by David Reilly, NYT pB2 "Profit at Bank of America, but mortgage woes persist" by Nelson Schwartz, Inv. Bus. Daily pA2 "BofA Q2 beats, falls on cuts", AJC pA16 "Bank of America earns $2.5 bil in quarter" say Bank of america reported earnings of $2.5 bil or 19 cents a share beating expectations of 16 cents.  Rev was $22 bil vs.  analysts' projections of $22.8 bil.  Loans on the books declined by 5% compared to 2Q increases in loan totals at JPMorgan, Citi & Wells.

  WSJ pC1 "big banks prepare another round of cuts" by Dan Fitzpatrick says Bank of america, JPMorgan and 4 of the other  largest US banks have shed 18,000 jobs in the past year and will chop thousnad mores.

 WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

Boeing: WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

Caterpillar: No mentions found.

Chevron: No mentions found.

Cisco:  WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

Coke: No mentions found.

Disney: No mentions found.

DuPont: No mentions found.

Exxon: No mentions found.

GE: No mentions found.

Hewlett-Packard: WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

Home Depot: No mentions found.

Intel: WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

   WSJ pB6 "IBM raises profit outllok" by Shara Tibken says IBM boosted its outlook now expecting '12 operating earnings of at least $15.10 a sahre up 10 cents a share.  IBM reported rev fell 3.3% to $25.78 bil, less than the $26.28 bil projected by analysts.    Results from Intel on Tues shows biz spending is holding up.

 USA Today p4b "Better than expected profit reports send stocks higher" by Bloomberg says stocks rallied Wed after firms from Intel to Honeywell reported profit that beat estimates & housing starts increased the fastest in 4 years.

IBM:  WSJ pB6 "IBM raises profit outllok" by Shara Tibken, NYT pB2 "IBM posts a strong quarter despite softness in rev" by Steve Lohr, IBD pA4 "IBM rev misses views, but profit outlook boosted" by Brian Deagon  say IBM boosted its outlook now expecting '12 operating earnings of at least $15.10 a sahre up 10 cents a share.  IBM reported rev fell 3.3% to $25.78 bil, less than the $26.28 bil projected by analysts.    Results from Intel on Tues shows biz spending is holding up.

JPMorgan:   WSJ pC1 "big banks prepare another round of cuts" by Dan Fitzpatrick says Bank of america, JPMorgan and 4 of the other  largest US banks have shed 18,000 jobs in the past year and will chop thousnad mores.

AJC pA16 "Bank of America earns $2.5 bil in quarter" say Bank of america reported earnings of $2.5 bil or 19 cents a share beating expectations of 16 cents.  Rev was $22 bil vs.  analysts' projections of $22.8 bil.  Loans on the books declined by 5% compared to 2Q increases in loan totals at JPMorgan, Citi & Wells.

WSJ pC3 "Fed prods securities firms to trim Repo risks" by Liz Rappaport says JPMorgan, Bank of NY, & Mellon dominate the triparty repo system.

Johnson & Johnson: No mentions found.

Kraft: No mentions found.

McDonald's: No mentions found.

Merck: No mentions found.

Microsoft: WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

WSJ pB4 "Microsoft licensing, audits confound CIOs" by Clint Boulton says despite big changes to its biz technology since Windows 95, Microsoft still relies heavily on the perpetual license biz model and enforces the terms of complex licensing plans.

IBD pA2 "Microsoft may gain in phones" & "Microsoft's Windows 8" says Windows 8 will launch 10/26 & Microsoft may soon be mroe copetitive with other smartphones as it will grab a 45 Sahre of the 123 mil smartphones in the US up from 3% a year ago.

Pfizer:

Procter & Gamble:  WSJ pB3 "P&G's board backs CEO as Ackman presses change" by Juliet Chung, NYT pB5 "Procter board backs CEO" by Ed Wyatt  say the Board ubnanimously supports CEO Bob McDonald.

3M: No mentions found.

Travelers: No mentions found.

United Technologies: WSJ pC4 "Stocks sure, in black for July" by Jon cheng says investors pushed stocks higehr erasing all of July's losses due to storng corp earnigns and hopes for central bank intervention.  The top five gainers on the Dow were all tech firms: Intel, Cisco, Microsoft, IBM and Hewlett-Packard each rising at least 2%.  United Technologies & Boeing also gained. Bank fo America fell 39 cents. Intel is charted under Good news and Bank of America under Bad News.

Verizon:  WSJ pC1 "How to patch into Verizon on the cheap" by Spencer jakab says Verizon Communications reports earnings today & is expected to have eps of 64 cents up from 57 cents a year ago.

  WSJ pB2 "AT&T fires back at verizon" by Tom Gryta says AT&T following Verizon's lead introduced new subscriber plans that let customers share data among up to 10 mobile devices under a single contract.


Walmart:  WSJ pB8 "Back to school looks up" by karen Talley says Walmart has set up a display of more than 100 back to school items.

Wednesday's Closing Dow Numbers:

SymbolLast SaleChange% ChangeShare VolumeMarket
TNYSE
AANYSE
AXPNYSE
BACNYSE
BANYSE
CATNYSE
CVXNYSE
CSCONASDAQ-GS
KONYSE
DISNYSE
DDNYSE
XOMNYSE
GENYSE
HPQNYSE
HDNYSE
INTCNASDAQ-GS
IBMNYSE
JPMNYSE
JNJNYSE
KFTNASDAQ-GS
MCDNYSE
MRKNYSE
MSFTNASDAQ-GS
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 6/20/12 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 $397.5 [4.5]
2. Microsoft MSFT 260 [8.5]
3. IBM 229.5 [1]
4. WalMart WMT 233 [3.5]
5. Chevron CVX 204.5 [2]
6. AT&T T 207.5 [6]
7. GE 213 [10.5]
8.Procter & Gamble PG 165.5 [3]
9. Johnson & Johnson JNJ 184 [3]
10. Coke KO 170.5 [2.5]
11. Pfizer PFE 169.5 [7.5]
12. JPMorgan Chase JPM 138.5 [4]
13. Intel INTC 139 [5]
14. Verizon VZ 123 [3]
15. Merck MRK 119 [3]
16. McDonald's MCD 90 [1]
17. Cisco CSCO 94 [5.5]
18. Disney DIS 85.5 [2]
19. Bank of America BAC 87.5 [10.5]
20. Home Depot HD 81 [1.5]
21. United Technologies UTX 69 [1]
22. Kraft KFT 69 [2]
23. American Express AXP 66 [1]
24. Caterpillar CAT 57 [.5]
25. 3M MMM 60.5 [.5]
26. Boeing BA 54.5 [1]
27. DuPont DD 47.5 [1]
28. Hewlett-Packard HPQ 42 [2]
29. Travelers TRV 25 [.5]
30. Alcoa AA 9.5 [1]

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


Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 6/20/12:

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

AT&T T: 6/14/12 8K re: sale of approx. $2 bil of notes
6/7/12 8K re completion of sale of AT&T Advertising Solutions to Cerebrus
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

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: 6/15/12 8K re: delinq. & write-off stats 3/31, 4/30 & 5/31/12
6/13/12 8K re: fin'l presentation of Vice-Chair Edward Gilligan
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

Bank of Am BAC: 5/25/12 8K re: repurchase of notes
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


Boeing BA: 5/3/12 8K re: amendment to bylaws reducing number of directors from 12 to 114/25/12 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: 6/20/12 8K re: 3 month dealer stats thru 5/12
6/18/12 8K re: amended by-laws re: date of annual stockholders meeting
6/14/12 8K re: election of Jon M. Huntsman, Jr. to Bd. of Dirs.
6/13/12 8K re: increase of quarterly div to 52 cents payable 8/20 to 7/20 record holders
5/17/12 8K re: 3 month dealer stats thru 4/12
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

Chevron CVX: 6/4/12 8K re: voting results from annual stockholders meeting
5/27/12 proxy re: recommendation to vote against all stockholder proposals
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 of 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 : 6/13/12 8K re: director's pre-arranged stock trading plan
5/23/12 10Q for quarter ended 4/28/12
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: 5/25/12 Proxy material re: 7/10 Special stockholders meeting
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


Disney DIS:6/11/12 8K re: $2.25 bil 5 year credit agreement
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: 6/1/12 8K re: voting results from annual shareholders meeting
5/16/12 proxy re: exec compensation
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: 6/12/12 8K re: election of Manjin Dekkers to Board of Dirs.
5/23/12 10Q/A amend 10Q for quarter ended 3/31/12
5/16/12 8K re: dividend of $475 mil from GECC to GE & increase of stock buyback program
5/9/12 10Q/A & 5/4/12 10Q for Qtr ended 3/31
4/30/12 8K amending employee 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: 6/8/12 10Q re: quarter ended 4/30/12
5/23/12 8K re: 2nd Qtr results
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: 5/24/12 10Q for quarter ended 4/29/12
5/22/12 8K re: voting results of 5/17 annual shareholders meeting
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: 5/22/12 8K re: voting results of annual stockholders meeting
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 stockholders meeting 5/17/12 8:30 am HQ, Santa Clara, CA


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


JPMorganChase JPM: 6/13/12 8K re: CEO Jamie Dimon's testimony before US Senate Comm on Banking
6/12/12 8K re: redemption of $9 bil in Trust Preferred Capital Securities
5/18/12 8K re: Annual Meeting of Shareholders' results
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


Johnson & Johnson JNJ : 6/14/12 8K re: completion of Synthes purchase for $19.7 cash/stock
6/12/12 8K re: repurchase of shares from Goldman Sachs & JPMorgan
6/8/12 8K re: special charge of $600 mil related to legal charges related to Risperdal, Invega & Naterecor
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


Kraft KFT: 6/18/12 8K re: Exchange Offer
6/8/12 8K re: on 6/26 KFT to trade on NASDAQ not NYSE
5/31/12 8K re: issuance of $6 bil of notes
5/24/12 8K re: amendment of bylaws to do away with share certificates as of 6/15
5/22/12 8K re: 5 year revolving credit contract
5/18/12 8K re: favorable IRS ruling on tax-free nature of spin-off
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.

McDonald's MCD: 6/18/12 8K re: stocks options to Donald Thompson CEO as of 7/1
6/11/12 8K re: May '12 sales
5/29/12 8K re: issuance of approx. $1 bil of notes
5/29/12 8K re: approval of officers' stock plan
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
Merck MRK: 5/25/12 8K re: voting results of 5/22 Annual meeting of shareholders
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: 6/18/12 8K re: Amendment to By-laws re: timing of Annual Meeting of Shareholders
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: 5/23/12 8K re: exec promotions
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 Independent Director
3/21/12 Proxy materials re: annual meeting of stockhodlers 5/8/12 10 am River Centre, St. Paul, Minn

Travelers TRV: 5/25/12 8K re: voting results of 5/23 Annual Meeting of Shareholders
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: 6/18/12 8K re: issuance of equity unites
6/1/12 8K re: issuance of $9.8 bil of notes
4/30/12 10Q for quarter ended 3/31
4/24/12 8K re: 1 qtr results
4/13/12 8K re: retirement 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: 6/4/12 8K re: voting results of Annual Meeting of Shareholders
6/1/12 10Q for quarter ended 4/30/12
5/17/12 8K re: operating results & guidance
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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