11/18/13 Mon.

http://www.dowjonesmonitor.com/


Post No. 2,450 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 recent Dow 30 components' SEC filings.


A read of the print editions of  Monday's  Barron's & Investor's News Daily; the combined Sat/Sun issues of each of the Wall St. Journal &   Financial Times; and Monday's, Sunday's & Saturday's   New York Times & Atlanta Journal & Constitution & 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  Friday's closing stock prices and related data in alphabetical order.


The Dow Jones Industrial Average: The Dow Jones Industrial Average closed Fri. at 15961.70 up 85.48 or 0.54% from  Thursday's  close of 15876.22.   For the week the Dow was up 199.92 or 1.27%  from last Friday's close of 15,761.78. For the year the Dow is up 21.81%. Of  the Dow components  25  gained  and  5   declined.  The biggest gainer dollar-wise  and percentage-wise was Exxon up $2.05 or 2.2 % .  The biggest decliner dollar-wise   and percentage-wise was McDonald's down 64 cents or 0.66%.

IBD pB8 "Stock indexes add gains; IBD 50 up 4% for week" by Ken Shreve says the Dow and the S&P capped their 6th straight week of gains as Friday's action was options expiration sees gains in mixed vol while the current outlook is a confirmed uptrend.

FT p13 "ExxonMobil buoyed after Buffett buys $3.45bn stake" says the US hedge fund managers have zoned in on the consumer sector in 3Q.

Sat. WSJ pB5 "DJIA gains sixth week in row to a record" by Matt Jarzemsky says belief that Fed stimulus won't soon end outweighs soft manufacturing data. Exxon Mobil gained $2.05 after Berkshire said it bought a $3.45 bil stake in it.

Sat. NYT pB2 "Dow and S&P gain for a sixth week" by Reuters says the Dow & S&P hit highs for a 6th straight week of gains.

AJC pA10 "S&P steady rise continues" by AP says investors stayed upbeat Fri pushing US stock indexes deeper into record territory due to prospects for further stimulus from the Fed.

As of the open  of the market on Monday the current divisor for the Dow Jones Industrial Average found at page B6   of  Saturday's Wall St. Journal is 0.15571590501117.  Monday's   trailing P/E ratio is  17.88 up  from Friday's  trailing P/E of 17.78  (last year it was 13.75).  Monday's   P/E estimate is  15.02 unchanged from Friday's P/E estimate of 14.70  (year ago it was 11.99) and Monday's  dividend yield is 2.10 down from Friday's  dividend yield of 2.15  (last year it was 2.81). The Dow's all-time high was 15,961.70 on November 15, 2013. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.


Friday's Dow Jones Industrial Average closing numerator was 2485.49 up 13.31 from Thursday's closing numerator of 2472.18. 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 change for today by the divisor (0.15571590501117) you get the change in today's Dow. A dollar increase or decrease in a Dow stock results in a $6.42 change in the Dow Index.


The average closing price (the closing numerator divided by 30) of   Friday's Dow Jones Industrial Average was $82.85 up 44 cents from Thursday's average closing price of 82.41.  The median closing price of  Friday's Dow Jones Industrial Average was $79.62 (HD/WMT & NKE/) up 61  cents from Thursday's median closing price of $79.01  (HD/WMT).  The lowest volume was  Travelers and the highest volume was Cisco.


If  Friday 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 or dividends) and sold at the close you would have made $1,331    ($248,549 - $247,218).

MarketWatch 11/15/13 Fri. 4:38 pm by Victor Reklaitis says  U.S.stocks stepped higher on Friday, lifting the S&P 500 and Dow industrials to record closes again, as investors continued to find encouragement in Janet Yellen’s support for the Federal Reserve’s stimulus efforts.The S&P 500 index SPX +0.42%  climbed 7.56 points, or 0.4%, to finish at 1,798.18.The Dow Jones Industrial Average DJIA +0.54%  jumped 85.48 points, or 0.5%, to close at 15,961.70. Exxon Mobil Corp. XOM -1.09%   fared best among Dow components, rising 2.2% on news of Warren Buffett’s conglomerate establishing a stake in the oil major.The S&P 500 and Dow achieved their sixth weekly gains in a row, rising 1.6% and 1.3%, respectively. The S&P 500 has posted its longest winning streak since February.The Nasdaq Composite COMP +0.33%  tacked on 13.23 points, or 0.3%, to end at 3,985.97. The tech-heavy index gained 1.7% for the week, posting its first up week in three weeks. It has risen for six straight sessions.On Friday, the market also absorbed some softer-than-expected economic data, such as a weaker-than-anticipated reading on New York state manufacturing, a dip in industrial production and a bigger-than-expected drop in import prices.At a confirmation hearing on Thursday, Yellen, the nominee to lead the Fed, defended the central bank’s aggressive bond-buying program, known as quantitative easing or QE, and tried to ease concerns that bubbles were forming in the equity markets. That boosted stocks globally on Thursday and continued to contribute to positive sentiment on Friday. “Bulls have been given a boost by dovish comments this week from Fed chair nominee Janet Yellen, indicating that she believes the Fed has more work to do in order to strengthen the economy and suggesting that QE may continue for some time to come,” said Colin Cieszynski, senior market analyst at CMC Markets, in emailed comments on Friday.“Soft Empire manufacturing and industrial production data this morning support the case for delayed tapering,” Cieszynski added, referring to when the Fed might reduce its bond-buying program that has boosted stocks. He said reports of Chinese reforms have “also encouraged traders.” 

• Friday’s key headlines: A manufacturing index produced by the New York Fed unexpectedly turned negative. In addition, industrial production dipped 0.1% in October, slightly worse than forecasts, and prices paid for imported goods declined more than expected. In China, the reforms include a loosening of the one-child rule, an abolition of re-education through labor and easing of controls on prices for energy, water, telecom and other services.
  
• The buzz: Don’t get too caught up in the all-time highs is what Steve Rees, head of U.S. equity strategy for J.P. Morgan Private Bank, suggested when asked about the record closes for the Dow and S&P 500. “We’re not as focused on the charts. We’re looking at the fundamentals of the equity markets,” he said in a phone interview on Friday. His team is “still very comfortable” being overweight U.S. equities and expects corporate earnings will improve in 2014. FactSet said the S&P 500 forward 12-month price-to-earnings ratio reached 15.0 as of Thursday’s close, above that valuation metric’s five-year average of 13.0 and its 10-year average of 14.0. But that’s below its 15-year average of 16.2 and its peak level of 25 hit in the late 1990s and early 2000s.
  
• Today’s movers: Exxon Mobil Corp. gained 2.2% after Warren Buffett’s Berkshire Hathaway Inc. BRK.A -0.03%   BRK.B -0.19%   disclosed a stake in the oil major. FedEx Corp. FDX -0.17%  rose 1.6% after separate funds managed by Dan Loeb, George Soros and John Paulson revealed positions in the shipping giant. Chinese ETFs also popped. Read more in the Movers & Shakers column.
  
• Other markets: European markets ended mostly higher, while Asian bourses closed in positive territory. Crude-oil prices dipped, while gold prices edged up and scored their first weekly gain in three weeks. 

Sunday's & Saturday's Dow News followed by Friday's Closing Dow Numbers (Goldman Sachs is at the end after Walmart due to a senior moment).

AT&T: Barron's p29 "It's official Verizon concedes wireless network overload" by Alexander Eule says the CFO of Verizon conceded that Verizon's 4G has too many users in NYC, chiago, and San Francisco.  AT&T says it has the fastest and the most reliable 4G LTE network.

 Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

American Express:  IBD pA8 "Rekindling the credit card fetish" by Amy Reeves says Visa is up 33% year to date and American Express' shares are up 44%.

Barron's p11 "Heads, you win tails you win" by Ben Levisohn says American Express and GE are outperforming the S&P.

Boeing:  Sat. WSJ pB3 "Jet of the future? Look to Mideast" by Jon Ostrower says the 777X is tailored to appease its most important customers: Persian Gulf Airlines.

Caterpillar: Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

Chevron: Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

Cisco:  Barron's pM6 "Cisco" is charted says rev is expected to drop 9% this qtr.

Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

Coke:  No mentions found.

Disney:  No mentions found.

DuPont:  No mentions found.

Exxon:  Sat. AJC pA9 "Berkshire buys $3.45 bil stake in Exxon Mobil" says it is Berkshire's largest investment since it invested $10.7 bil in IBM 2 years ago.

Sat. WSJ pB5 "DJIA gains sixth week in row to a record" by Matt Jarzemsky says belief that Fed stimulus won't soon end outweighs soft manufacturing data. Exxon Mobil gained $2.05 after Berkshire said it bought a $3.45 bil stake in it.

 FT p13 "ExxonMobil buoyed after Buffett buys $3.45bn stake" says the US hedge fund managers have zoned in on the consumer sector in 3Q.

 Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

GE:  IBD pA2 "GE will spin off finance unit", FT p10 "GE fin'l services unit IPO set for next year" by Ed Crooks, Camilla Hall, FT p18 "General Electric", Sat. WSJ pB1 "GE to spin off retail lending" by Kate Linebaugh say GE will do an IPO of its N. Amer. retail finance operations in next year's 1Q and plans to sell 20% of the unit  to raise cash. It supplies credit cards for 55 mil Americans at Walmart and other stores & earned $2.2 bil last year.

 Barron's p11 "Heads, you win tails you win" by Ben Levisohn says American Express and GE are outperforming the S&P.

Goldman Sachs:  No mentions found.

Home Depot:  No mentions found.

Intel:  No mentions found.

IBM:   Sat. AJC pA9 "Berkshire buys $3.45 bil stake in Exxon Mobil" says it is Berkshire's largest investment since it invested $10.7 bil in IBM 2 years ago.

JPMorgan:  Barron's p14 "Week review", IBD pA2 "JPMorgan settles for $4.5 bil", Sat NYT pB3 "For JPMOrgan, $4.5 billlion to settle mortgage claims" by jessica Silver-Greenberg, Sat. WSJ pB1 "Another JPMorgan payout" by Dan Fitzpatrick, Julie Steinberg, Sat. AJC pA9 "JPMorgan reaces $4.5 bil settlement" say the settlement covers 21 inst'l investors and covers securities issued by JPMorgan  ear Stearns between '05 & '08.

Barron's p19 "Bubble trouble?" by Andrew Bary lists 13 value stocks that are attractively priced with PEs around 10 times estimated '14 earnings and dividend yields of more than 2% and includes these Dow stocks:  JPMorgan, Cisco, Chevron, ExxonMobil, Caterpillar, & AT&T.

Johnson & Johnson:

McDonald's:  AJC pA9 "McDonald's testing build your own burger" says Mocdonald's will try it in Cal by having assembly tables.

Merck:  IBD pA2 "Akorn buys Merck eye drugs" says Akorn bought rights to 3 eye drop brands from Merck div Inspire Pharmaceuticals for $52.8 mil.

Microsoft:  Barron's p15 "Week preview" says on Thursday the latest edition of Microsoft's Xbox One goes on sale.

Sat. WSJ pA1 "Impatient board sped Ballmer's exit" by Monica Langley discusses why CEO Steve Ballmer is retiring.

Nike:  No mentions found.

Pfizer:  No mentions found.

Procter & Gamble:  Barron's pM3 "The trader"  by Vito J. Racanelli says Procter & Gamble rallied 2.5% last week to an all time high of $84.84.

3M:  No mentions found.

Travelers:  No mentions found.

United Technologies:  No mentions found.

UnitedHealth:  Sat. WSJ pB1 "UnitedHealth culls doctros from plan" by Melinda Beck says UnitedHealth has dropped thousands of dcotros from its networks in recents weeks in 10 states.  UnitedHealth had a 3Q profit of $1.57 bil

Verizon: Barron's p29 "It's official Verizon concedes wireless network overload" by Alexander Eule says the CFO of Verizon conceded that Verizon's 4G has too many users in NYC, chiago, and San Francisco.  AT&T says it has the fastest and the most reliable 4G LTE network.

Visa:

Walmart:   Barron's pM3 "The trader" by Vito J. Racanelli  says Wlamrt 3Q results were stagnant.

Sat. WSJ pB1 "GE to spin off retail lending" by Kate Linebaugh says GE will do an IPO of its N. Amer. retail finance operations in next year's 1Q and plans to sell 20% of the unit  to raise cash. It supplies credit cards for 55 mil Americans at Walmart and other stores & earned $2.2 bil last year.

Friday's Closing Dow Numbers:

Symbol	Last Sale	Change	% Change	Share Volume	Market
T	$35.43	0.27	0.77%	17,669,490	NYSE
AXP	$82.8	0.91	1.11%	4,405,380	NYSE
BA	$136.08	0.99	0.73%	4,493,644	NYSE
CAT	$83.74	0.02	0.02%	4,738,776	NYSE
CVX	$120.06	0.50	0.42%	5,997,873	NYSE
CSCO	$21.535	0.17	0.8%	85,352,413	NASDAQ-GS
KO	$40.22	0.01	0.02%	11,975,486	NYSE
DIS	$70	0.02	0.03%	6,177,649	NYSE
DD	$62.11	0.32	0.52%	6,761,942	NYSE
XOM	$95.27	2.05	2.2%	18,312,070	NYSE
GE	$27.2	0.21	0.78%	51,641,327	NYSE
HD	$80.03	1.09	1.38%	10,397,996	NYSE
INTC	$24.52	0.135	0.55%	22,799,058	NASDAQ-GS
IBM	$183.19	0.98	0.54%	5,170,200	NYSE
JPM	$54.87	0.47	0.86%	20,298,463	NYSE
JNJ	$94.39	0.47	0.5%	7,057,197	NYSE
MCD	$96.92	0.64	0.66%	6,775,097	NYSE
MRK	$48.07	0.25	0.52%	11,985,769	NYSE
MSFT	$37.841	0.18	0.47%	50,510,681	NASDAQ-GS
NKE	$79.22	0.58	0.74%	2,879,976	NYSE
PFE	$32.2	0.20	0.63%	24,381,052	NYSE
PG	$84.84	0.52	0.62%	9,651,371	NYSE
MMM	$129.85	0.06	0.05%	2,358,762	NYSE
TRV	$88.67	0.42	0.48%	1,757,569	NYSE

UTX $108.59 0.10  0.09% 2,974,250 NYSE
  UNH $71.87 0.43  0.6% 3,870,299 NYSE
  VZ $50.31 0.04  0.08% 9,090,401 DualListed
V $202 1.85  0.92% 3,096,598 NYSE
  WMT $79.22 0.14  0.18% 5,898,559 NYSE

GS

$164.4

1.20

0.74%

2,665,301

NYSE

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

 Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)


American Express AXP Kenneth I. Chenault (NY, NY)


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)


Goldman Sachs GS Lloyd Blankfein (NY, NY)


Home Depot HD Frank Blake (Atlanta, GA)


Intel INTC Brian Krzanich (Santa Clara, CA)


IBM Virginia M. Rometty (Armonk, NY)


JPMorgan Chase JPM Jamie Dimon (NY, NY)


Johnson & Johnson JNJ Alex Gorsky (New Brunswick, NJ)


McDonald's MCD Donald Thompson (Oak Brook, Ill)


Merck MRK Kenneth Frazier (Whitehouse Station, N.J.)


Microsoft MSFT Steve Ballmer (Redmond, WA)


Nike NK Mark Parker (Beaverton, OR)


Pfizer PFE Ian Read (NY, NY)


Procter & Gamble PG A. G. Lafley (Cincinnati, OH)


3M MMM Inge Thulin (St. Paul, MN)


Travelers TRV Jay S. Fishman (NY, NY)


UnitedHealthUNC Stephen Hemsley (Minnetonka, MN)


United Technologies UTX Louis Chenevert (Hartford, CT)


Verizon VZ Lowell McAdam (NY, NY)


Visa V Charles W. Scharf (Foster City, CA)


Wal-Mart WMT Mike Duke (Bentonville, ARK)


***************************
Here are the Dow Jones Industrial Average 30 as of 10/22/13 ranked in order of market capitalization in billions:

1. Exxon Mobil XOM $385.89
2. Microsoft MSFT 288.72
3. GE 263.93
4. Johnson & Johnson JNJ 260.16
5. WalMart WMT 248.42
6. Chevron CVX 232.13
7. Procter & Gamble PG 220.14
8 .JPMorgan Chase JPM 203.50
9.  Pfizer PFE 202.80
10. IBM 190.30 
11. AT&T T 187.24
12. Coke KO 172.91
13. Verizon VZ 146.65
14. Merck MRK 136.30
15.  Visa V 129.10
16. Disney DIS 123.19
17. Cisco CSCO 121.12
18. Intel INTC 119.97
19. Home Depot HD 107.05
20.United Technologies UTX 97.12
21. McDonald's MCD 95.28
22. Boeing BA 92.12
23. American Express AXP 86.85
24. 3M MMM 84.69
25. Goldman Sachs GS 72.91
26. UnitedHealth UNH 70.50
27.Nike NKE 67.43
28.Caterpillar CAT 57.45
29. DuPont DD 55.40
30. Travelers TRV 32.27


****************************************
Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 10/22/13:


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


AT&T T: 10/21/13 8K re: contract to sell/lease 9,700 towers to Crown Castle Int'l for $4.85 bil
9/27/13 8K re: increase of # of directors from 13 to 14 & election of Beth E. Mooney to Board
9/10/13 8K re: purchase of spectrum from Verizon
8/28/13 8K re: redemption of 6.62% debentures due 10/15/34
8/2/13 10Q & 7/24/13 8K & 7/23/13 8K re: results for quarter ended 6/30/13
7/25/13 8K re: retirement from Board of Dr. Gilbert F. Amelia
7/12/13 8K re: AT&T agreeing to buy Leap Wireless


American Express AXP: 10/16/13 8K re: 3Q results
10/15/13 8K re: delinq. & write-off stats for qtr ended 9/30/13
9/25/13 8K re: creation of a jv with Certares for business travel unit
9/16/13 8K re: delinq. & write off stats for 3 months ended 8/31/13
8/15/13 8K re: delinq. & write-off stats for 3 mos. ended 7/31/13
7/29/13 10Q & 7/17/13 8K re: 2Q results ended 6/30/13
7/25/13 8K re: amdmt to sr. Exec. Severance Plan
7/15/13 8K re: delinq. & write-off statgs for 3 mos. ended 6/30/13


Boeing BA: 7/24/13 10Q & 8K re: results for qtr. ended 6/30/13
 5/3/13 8K re: issuance of floating rate senior notes due '14
4/30/13 8K re: voting results of 4/29 shareholders meeting held 4/29
4/24/13 10Q & 4/24/13 8K re: 1 Qtr. ended 3/31 results
4/22/13, 4/16 & 3/15/13 Proxy materials re: 4/29/13 annual mtg of shareholders at Field Museum, Chicago

Caterpillar CAT: 10/22/13 8K re: retail sales of machinery
10/9/13 8K re: amendment to bylaws re: majority voting for uncontested election of directors
9/30/13 8K re: price increases
 9/20/13 8K re: 3 month dealer stats for period ended 8/13
9/17/13 8K re: credit agrmt up to $3  bil led by Citibank
8/20/13 8K re: dealer stats for July '13
8/2/13 10Q & 7/24/13 8K re: 2Q ended 6/30/13 results
7/23/13 8K re: June '13 dealer stats


Chevron CVX: 10/9/13 8K re: interim update for 3Q
 8/7/13 10Q & 8/2/13 8K re: 2Q ended 6/30/13 results
 7/10/13 8K re: 2Q interim update
6/24/13 8K re: issuance of notes
6/4/13 8K re: approval by stockholders of Long Term Incentive Plan

Cisco CSCO: 9/30/13 Proxy Materials re: annual shareholder meeting 11/19 at Cisco in San Jose, CA
 9/10/13 10K for fiscal year ended 7/27/13
8/15/13 8K re: firing of 4,000 employees
8/14/13 8K re: FY '13 & 4Q results

Coke KO: 10/15/13 8K re: 3Q results
 7/25/13 10Q & 7/16/13 8K 2Q ended 6/28/13 results
7/19/13 8K re: election of Ana Botin to Board


Disney DIS: 10/8/13 8K re: amendment to bylaws to eliminate paper share certificates
10/2/13 8K re: new employment contract for Alan N. Braverman EVP, GC & Sec'y for annual salary of $1.4 mil
 8/6/13 10Q & 8/6/13 8K re: 3Q ended 6/29/13 results
 7/1/13 8K re: extension of CEO Robert A. Iger's employment contract to 6/30/16


DuPont DD: 10/22/13 & 8K re: results for qtr ended 9/30/13
  9/3/13 8K re: election of Patrick J. Ward to Board of Dires.
8/13/13 8K re: adoption of Sr. Exec. Severance Plan
7/23/13 10Q & 8K re: 2Q ended 6/31/13 results


ExxonMobil XOM: 8/6/13 10Q & 8/1/13 8K re: 2Q ended 6/30/13 results
 6/3/13 8K re: voting results of 5/29/13 Annual Meeting of Shareholders
5/13/13; 5/10; 4/12 Proxy materials
5/2/13 10Q & 4/25/13 8K re: 1 Qtr. ended 3/31 results


GE: 10/18/13 8K re: 3Q results
10/16/13 8K re: exercise by Berkshire Hathaway of warrants for 10.7 mil shares
 9/13/13 8K re: election of James E. Rohr to Board of Dires.
7/26/13 10Q & 7/19/13 8K re: 2Q ended 6/30/13 results
 6/14/13 8K re: election of Keith S. Sherlin, CEO GE Capital


Goldman Sachs GS: 10/21/13 8K re: retirement of J. Michael Evans as Vice Chair/Head of Growth Markets
10/17/13 8K re: 3Q results
10/1/13 8K re: exercise by Berkshire Hathaway of warrants for 13,062,594 shares
 8/8/13 10Q & 7/16 8K re: qr. ended 6/30/13
7/19/13 8K re: opinion of counsel re: $2.5 bil Notes due '18

Home Depot HD: 9/20/13 8K re: election of Helena B. Boulkes to Board of Dirs.
9/10/13 8K re: closing of sale of $3.25 bil notes
8/28/13 10Q re: qtr. ended8/4/13
8/20/13 8K re: 2Q results


Intel INTC: 10/15/13 2 8Ks re: results for qtr ended 9/28/13
7/29/13 & 7/18/13 & 7/17/13 8K re: results for qtr ended 6/29/13
 5/21/13 8K re: Brian M. Krzanich became CEO on 5/16
5/8/13 Proxy materials
5/2/13 8K re: election of Brian M. Krzanich as CEO Z& Renee J. James as pres. effective 5/16



IBM: 10/17/13 8K & 10/16/13 8K re: results for 3Q ended 9/30/13
9/10/13 8K re: sale of outsourcing services business to SYNNEX
 7/31/13 8K re: underwriting contracts for notes5/6/13 8K re: issuance of notes
7/31/13 10Q & 7/18/13 8K & 7/17/13 8K re: 2Q ended 6/30/13 results


JPMorganChase JPM: 10/16/13 8K re: settlement w/CFTC by payment of $100 mil fine
10/11/13 8K re: sale of Sr. Medium Term Notes of an indeterminate amount
10/14/13 & 10/11/13 8Ks re: 3Q results
  9/20/13 8K re: election of Linda B. Bammann to Board of Dirs. & amdmt to bylaws
9/19/13 8K re: consent decrees with Comptroller of Currency and Consuemr Fin'l Protection Bd. re:
credit card allegations
9/19/13 8K re: consent decrees with SEC & UK FCA & payment of $920 mil re: London Whale loss
9/10/13 8K re: fin'l services investor conf.presentation
8/21/13 8K re: closing of sale of $750 mil of 5.62% sub. notes due '43
8/21/13 8K re: sale of subordinated Notes
8/7/13 10Q re: 6/30/13 results
8/1/13 8K re: redemption of Non0cumulative Pref. Stock, Series J


Johnson & Johnson JNJ: 10/15/13 8K re: election of ex0FDA Commissioner Mark B. McClellan as director
10/15/13 8K re: 3Q results ended 9/29/13
 8/20/13 8K re: closing of purchase of Aragon Pharmaceuticals, Inc.
8/1/13 10Q & 7/16/13 8K re: 2Q ended 6/30/13 results
 6/20/13 8K re: agreement to buy Aragon Pharmaceuticals, Inc. for its late state prostate drugs


McDonald's MCD: 10/21/13 8K re: 3Q results
  9/18/13 8K re: declaration of quarterly dividend
9/10/13 8K re: Aug. '13 sales
7/31/13 10Q & 7/22/13 8K re: 2Q ended 6/30/13 results
7/19/13 8K re: dividend of 77 cents pe share payable 9/17/13 to record holders on 9/3/13
 6/10/13 8K re: Reg. FD disclosure re: Investor Release


Merck MRK: 10/1/13 8K re: global restructuring program and lay-offs of 8,500 employees
 8/7/13 10Q  & 7/30/13 8K re: results as of 6/30/13
 5/30/13 8K re: voting results of 5/28/13 Annual Meeting of Shareholders
5/22/13 8K re: accelerated stock repurchase agreement with Goldman Sachs
5/20/13 8K re: issuance of $6 bil of notes


Microsoft MSFT: 10/8/13; 10/7/13 & 10/3/13 Proxy Materials re: annual shareholders meeting on 11/19 in Bellevue, Washington
9/26/13 8K re: adoption of Senior Exec. Severance Benefit Plan
9/26/13 8K re: realignment to become a devices & services company
 9/23/13 8K re: amendment of exec comp. plans
9/20/13 8K re: realignment of structure to become a devices & service company
9/3/13 8K re: purchase of Nokia handset business
8/30/13 8K re: election of G. Mason Morfit to Board of Dires.
8/23/13 8K re: retirement of CEO Steven A.Ballmer within 12 months
7/30/13 10K & 7/18/13 8K re: results for year ended 6/30/13
 7/11/13 8K re: resignation of Pres. of Office Div. Kurt DelBene
7/3/13 8K re: retirement of Steve Sinofsky from Windows Div.

Nike NKE: 10/7/13 10Q, 9/30/13 8K & 9/26/13 8K re: results for qtr ended 8/31/13
9/24/13 8K re: voting results of annual meeting of shareholders on 9/19/13
 7/30/13 Proxy for 9/19/13 AnnualMeeting of Shareholders
7/23/13 10K for year ended 5/31/13


Pfizer PFE:  9/30/13 8K re: election of Shantanu Narayen, Pres. & CEO of Adobe Systems to Board of Directors
8/9/13 10Q & 7/30/13 8K re; 2Q ended 6/30/13 results
 6/3/13 8K re: issuance of $4 bil of notes


Procter & Gamble PG: 10/11/13 8K re: voting results of annual shareholders meeting 10/8/13
10/8/13 8K re: declaration of quarterly dividends
  9/16/13 8K re: changes to global  Business Unit Structure & Segment earnings
9/4/13 8K re: presentation at Barclays Back to School Conference
8/23/13 8K re: Proxy for Annual Meeting of Shareholders on 10/8/13 in Cincinnati
 8/15/13 8K re: sale of Floating Rate Notes due '63
 Pre-14A Proxy re: Annual Meeting of Shareholders on 10/8/13 at Aronoff Center in Cincinnati
7/9/13 8K re: declaration of dividend of $0.6015 on Common & Conv. Call A Pref. payable 8/15 to 7/19 record holders


3M MMM: 8/27/13 8K re: $150 mil credit agreement with HSBC Bank
8/13/13 8K re: election to Board of Thomas K. Brown  increase from 11 to 12
8/1/13 10Q & 7/25/13 8K re: 2Q ended 6/30/13 results
 5/16/13 8K re: amendment to Annual Report re: realignment of business groups and certain accounting revisions
5/15/13 8K re: voting results of 5/14 stockholders meeting
5/7/13 Proxy materials
5/2/13 10Q & 4/25/13 8K re: 1 Qtr ended 3/31 results


Travelers TRV:  10/22/13 10Q & 10/22/13 8K re: results for qtr ended 9/30/13
8/1/13 8K re: underwriting contracts re: issuance of 4.6% Sr. Notes due '43
7/23/13 10Q & 8K re: 2Q ended 6/30/13 results
 6/12/13 8K re: $1 bil revolving bank credit agreement
6/10/13 8K re: purchase of Dominion of Canada General Insurance for $1.1 bil
5/24/13 8K re: voting results of 5/22/13 Annual shareholders meeting


United Technologies UTX: 10/22/13 8K re: 3Q results
9/26/13 8K re: formation of UTC Building & Industrial Services by combining Otis Elevator & UTC Climate, Controls & Security to be headed by Geraud Darnis as Pres/CEO
 9/6/13 8K re: new Pres. at Pratt & Whitney: Paul Adams succeeds David Hess
8/28/13 8K re: redemption of Goodrich 3.6% notes due '21
7/26/13 10Q & 7/23/13 8K re: 2Q ended 6/30/13 results
 6/18/13 8K re: Ohio Fed. Ct. awarding $473 mil to U.S. re: False Claims Act re: overcharging by Pratt & Whitney on F100's
5/24/13 8K re: redemption of $1 bil 1.2% notes due 6/1/13


UnitedHealth Group UNH: 10/17/13 8K re: 3Q results
9/9/13 8K re: investor presentation at Morgan Stanley Global Health Care conf.
8/5/13 10Q & 7/18/13 8K re: 2Q ended 6/30/13 results
 6/6/13 8K re: Voting results of 6/3/13 Annual Shareholders Mtg
5/29/13 8K re: Reg FD disclosure re: Bernstein 29th Annual Strategic Decisions Conference
5/6/13 10Q & 4/18/13 8K re: 1 Qtr ended 3/31 results


Verizon Communications Inc. VZ: 10/17/13 8K re: 3Q results
10/8/13 Proxy; 10/8/13 S-8 & 10/3/13 8K re: approval by shareholders to buy Vodafone's 45% interest in Verizon Wireless, registration of shares to be issued to Vodafone, & $12 bil credit facility to fund the purchase
 9/16/13 8K re: saleof $49 bil of notes
9/5/13 8K re: election of Gregory D. Wasson to Board of Dires.
9/5/13 8K re: election of Kathyrn A. Tesija to Board of Dirs.
9/3/13 8K re: purchase of Vodafone's indirect 45% interest in Verizon Wirelss
7/25/13 10Q & 7/18/13 8K re: results for qtr ended 6/30/13
6/10/13 8K re: election of Anthony T. Skiadas, 44, Sr. VP & Controller
5/13/13 8K re: distribution of $7 bil to Wireless Comm and Vodafone by Verizon Wireless
5/7/13 8K re: voting results of 5/2 annual mtg of shareholders




Visa V: 9/17/13 8K & 9/12/13 8K & 7/26/13 8K re: adoption of exec pre-arranged trading plans for execs: William Sheedy, Byron H.Pollitt, Jr. & Elizabeth Buse
7/24/13 10Q for quarter ended6/30/13


WalMart WMT: 10/21/13 10Q for quarter ended 7/31/13
10/1/13 8K re: issuance of 1.95% Notes due 2018
8/15/13 9/5/13 10Q for qtr. ended 7/31/13
8K re: 2Q ended 7/31/13 results
6/7/13 10Q & 5/16/13 8K re: Qtr. ended 4/30
6/2/13 8K re: Voting results of 6/7 Annual shareholder meeting


THIS IS THE END END END