12/29/10 Wed pm Dow Closes at 11,585.38 up 9.84 or 0.09%

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Post No. 799 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, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

The Dow Jones Industrial Average closed Wednesday at 11,585.38 up 9.84 points or 0.09% from Tuesday's close of 11,575.54. Of the 30 Dow Jones component companies 17 gained and 13 declined. The biggest gainer dollar-wise was IBM $146.52 +0.81 0.56% 3,658,304 NYSE and percentage-wise was McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE. The biggest decliner dollar-wise was Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE and percentage-wise was Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.76 up from Tuesday's 14.73 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Tuesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Tuesday's 2.48 (last year it was 2.62). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Wednesday's Dow Jones Industrial Average closing numerator was 1,530.77 up 1.30 from Tuesday's closing numerator of 1,529.47. 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 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was $51.03 up $0.05 from Tuesday's Dow Jones Industrial Average average closing price of $50.98. The median closing price of Wednesday's Dow Jones Industrial Average was $42.59 (AXP/HPQ up $0.07 from Tuesday's median closing price of $42.52. The lowest volume was Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE and the highest volume was again Bank of America BAC $13.31 -0.03 0.22% 73,802,555 NYSE.

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 $130 ($153,077 - $152,947 - $).

MarketWatch Wednesday 12/29/10 4:36 by Kate Gibson says U.S. stock indexes ended modestly higher Wednesday, amplifying a rise that has the Dow Jones Industrial Average two days from finishing 2010 with a double-digit gain. “Funds are positioned as they would like to be for the end-of-the-year photo,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, of the light volume and narrow volatility range that have marked recent sessions. AIG stock's unlikely comeback Once left for dead, AIG has defied critics, its shares rallying to become one of the top performers in 2010, up nearly 97% and more than 42% in December alone. Evan Newmark and Ken Brown discuss. Also, there are money moves before year-end to reap benefits in 2011. “It would take a major bit of news to derail their plan,” he added. After closing Tuesday at its highest level since Aug. 28, 2008, the Dow Jones Industrial Average (DJIA 11,585, +9.84, +0.09%) ended up 9.84 points, or 0.09%, at 11585.38. Seventeen of the Dow’s 30 components gained, with fast-food giant McDonald’s Corp. (MCD 77.00, +0.01, +0.01%) leading the gainers. Up for a third straight session and by 13% for the year, the S&P 500 Index (SPX 1,260, +1.27, +0.10%) gained 1.27 points, or 0.1%, to 1,259.78, with energy companies gaining the most and financials ranking as the biggest laggard among the 10 S&P industry groups. The Nasdaq Composite Index (COMP 2,667, +4.05, +0.15%) rose 4.05 points, or 0.15%, at 2,666.93. Advancers outran decliners 19 to 11 on the New York Stock Exchange, where volume hit 520 million shares, just over half of the 30-day average. The narrow range of the last week has been frustrating for both bulls and bears, with bulls watching the S&P creep to new highs but with “no oomph,” and the bears tracking how the averages continue to hold their 10-day moving averages, said Elliot Spar, market strategist at Stifel, Nicolaus & Co. But Spar expects the narrow range to be resolved next week, saying “new money can come in at the beginning of the year, yet old money will have a chance to cash out and not have to pay the cash bill until April 2012.” With 2010 ending on a high note for equities, investors are now the most bullish they have been since 2004, according to Jeffrey Kleintop, chief market strategist at LPL Financial, who adds a cautionary note. “History tells us that when there are too many bulls the market may be due for a pullback,” said Kleintop, who forecasts a “middle-of-the-road” 2011 that he said should offer single-digit percentage gains for stocks, low to middle single-digit gains for bonds and a U.S. economy that muddles along at a 2.5% to 3% growth pace. ‘History tells us that when there are too many bulls the market may be due for a pullback.’ On Wednesday, Sears Holdings Corp. (SHLD 73.85, -0.64, -0.86%) shares (SHLD 73.85, -0.64, -0.86%) climbed after Sonic Solutions said the retailer was using its technology in entering the online film-downloading business. Shares of BJ’s Wholesale Club Inc. (BJ 47.80, +0.18, +0.38%) rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners might launch a hostile bid for the warehouse-club operator.
On the New York Mercantile Exchange, gold futures climbed for a third day, with the contract for February delivery rising $8, or 0.6%, to $1,413.50 an ounce on Comex. At Tuesday’s finish, gold was up 28% in 2010. On Thursday, the Institute for Supply Management in Chicago is scheduled to release data illustrating U.S. business expansion in December. Separately, the National Association of Realtors will report on pending sales of previously owned homes in November from October.

Wednesday's Closing Dow Numbers:

AT&T T $29.31 +0.08 0.27% 12,208,176 NYSE
Alcoa AA $15.13 -0.12 0.79% 16,999,857 NYSE
Amex AXP $42.86 +0.07 0.16% 3,201,994 NYSE
Bank of Am BAC $13.31 -0.03 0.22% 73,802,555 NYSE
Boeing BA $65.05 +0.19 0.29% 2,504,204 NYSE
Caterpillar CAT $93.78 +0.09 0.1% 2,777,597 NYSE
Chevron CVX $91.37 +0.18 0.2% 5,275,024 NYSE
CSCO $20.25 -0.10 0.49% 32,889,257 NASDAQ-GS
Coke KO $65.45 +0.09 0.14% 4,367,990 NYSE
Disney DIS $37.6 +0.24 0.64% 5,096,301 NYSE
DuPont DD $50.02 +0.20 0.4% 3,693,717 NYSE
Exxon XOM $73.37 -0.05 0.07% 11,749,790 NYSE
GE $18.27 -0.05 0.27% 34,493,015 NYSE
Hewlett-Pac HPQ $42.32 +0.07 0.17% 8,645,456 NYSE
Home Depot HD $34.89 -0.20 0.57% 6,125,758 NYSE
Intel INTC $20.94 +0.06 0.29% 20,791,952 NASDAQ-GS
IBM $146.52 +0.81 0.56% 3,658,304 NYSE
JPMorgan JPM $42.36 -0.25 0.59% 13,236,876 NYSE
JNJ $62.13 +0.08 0.13% 4,965,065 NYSE
Kraft KFT $31.56 -0.30 0.94% 5,258,863 NYSE
McDonald's MCD $76.99 +0.56 0.73% 3,581,065 NYSE
MRK $36.21 +0.01 0.03% 5,001,078 NYSE
MSFT $27.97 -0.04 0.14% 19,477,534 NASDAQ-GS
Pfizer PFE $17.6 +0.01 0.06% 23,632,627 NYSE
Procter & Gamble PG $64.4 -0.36 0.56% 4,908,076 NYSE
MMM $86.76 +0.02 0.02% 1,665,522 NYSE
Travelers TRV $55.59 -0.07 0.13% 1,375,731 NYSE
United Tech UTX $79.1 -0.19 0.24% 1,558,069 NYSE
Verizon VZ $35.58 -0.04 0.11% 14,290,636 DualListed
Walmart WMT $54.08 +0.34 0.63% 7,626,223 NYSE




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The following are excerpts from Wednesday morning's Blog:

A read of Wednesday's Wall St. Journal, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 11,575.54 up 20.51 points or 0.18% from Monday's close of 11,555.03. For the year the Dow is up 11.%. Of the 30 Dow Jones component companies 19 gained, McDonald's was unchanged and 10 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE and percentage-wise was American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE.

WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

NYT pB6 "Shares edge higher as Dec rally continues" by Bloomberg says stocks edged higher on Tues with the S&P 500 extending its biggest Dec rally since '91, helped by shares of commodity producers and signs of growing global demand.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

Tuesday's Dow Jones Industrial Average closing numerator was 1,529.47 up 2.71 from Monday's closing numerator of 1,526.76. 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 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $50.98 up $0.09 from Monday's Dow Jones Industrial Average average closing price of $50.89. The median closing price of Tuesday's Dow Jones Industrial Average was $42.52 (AXP/HPQ up $0.08 from Monday's median closing price of $42.44. The lowest volume was 3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE and the highest volume was again Bank of America BAC $13.34 +0.07 0.53% 118,530,982 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $281 ($152,947 - $152,676).

MarketWatch Tuesday 12/28/10 [As of 4:46 pm there was no post-closing MarketWatch, sorry]

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

AT&T T $29.23 -0.02 0.07% 13,572,720 NYSE: No mentions found.

Alcoa AA $15.25 +0.02 0.13% 12,970,478 NYSE: No mentions found.

American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE: No mentions found.

Bank of Am BAC $13.34 +0.07 0.53% 118,530,982 NYSE: No mentions found.

Boeing BA $64.86 +0.11 0.17% 2,626,515 NYSE: No mentions found.

Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE: No mentions found.

Chevron CVX $91.19 +1.07 1.19% 5,056,001 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

Cisco CSCO $20.35 +0.19 0.94% 57,125,653 NASDAQ-GS: Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

Coke KO $65.36 +0.29 0.45% 4,779,764 NYSE: WSJ pB2 "PepsiCo's latest challenge: snackify some beverages" by Valerie Bauerlein says this is a new strategyto tap into the market for more nutritious convenience foods as Pepsi's shares have been underperforming US rivals Coke and Dr Pepper Snapple Group Inc.

DIS $37.36 -0.12 0.32% 3,456,474 NYSE: No mentions found.

DuPont DD $49.82 +0.19 0.38% 2,676,422 NYSE: No mentions found.

Exxon XOM $73.42 +0.41 0.56% 14,368,033 NYSE: No mentions found.

GE $18.32 +0.13 0.71% 47,518,601 NYSE: No mentions found.

Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

Home Depot HD $35.09 -0.15 0.43% 4,064,223 NYSE: No mentions found.

Intel INTC $20.88 +0.04 0.19% 21,136,609 NASDAQ-GS: No mentions found.

IBM $145.71 +0.37 0.25% 2,692,358 NYSE: WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

JPMorgan JPM $42.61 -0.06 0.14% 20,253,282 NYSE:

Johnson & Johnson JNJ $62.05 +0.12 0.19% 6,316,609 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Kraft KFT $31.86 +0.25 0.79% 4,871,347 NYSE: Fin Times p13 "Fresh details in Starbucks' Kraft dispute" by Greg Farrell says Kraft allegedly tried to hit up Starbucks' for $200 mil more money after it had agreed to sell back distribution rights to Starbucks for its roast and ground coffee.

MCD $76.43 unch unch 2,956,650 NYSE: No mentions found.

MRK $36.2 -0.03 0.08% 5,383,244 NYSE: No mentions found.

MSFT $28.01 -0.06 0.21% 22,953,243 NASDAQ-GS: No mentions found.

Pfizer PFE $17.59 +0.10 0.57% 29,591,401 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Procter & Gamble PG $64.76 +0.09 0.14% 4,622,740 NYSE: No mentions found.

3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE: No mentions found.

TRV $55.66 -0.13 0.23% 1,852,098 NYSE: No mentions found.

United Tech UTX $79.29 +0.02 0.03% 2,064,928 NYSE: No mentions found.

Verizon VZ $35.62 +0.12 0.34% 11,885,284 DualListed: No mentions found.

Walmart WMT $53.74 +0.17 0.32% 6,758,660 NYSE: WSJ pB5 "Walmart joins investors funding Chinese retailer" by Loretta Chao says Walmart has invested in China's 360buy.com in another sign that competition is heating up in China's online retail sector.

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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. (Cyhicago, 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 Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (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 George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance

12/29/10 Wed am H-P Stock Rises on Award of NASA Contract

www.DowJonesMonitor.com

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. 798 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, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

A read of Wednesday's Wall St. Journal, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's stock prices and related data.

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Tuesday at 11,575.54 up 20.51 points or 0.18% from Monday's close of 11,555.03. For the year the Dow is up 11.%. Of the 30 Dow Jones component companies 19 gained, McDonald's was unchanged and 10 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE and percentage-wise was American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE.

WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

NYT pB6 "Shares edge higher as Dec rally continues" by Bloomberg says stocks edged higher on Tues with the S&P 500 extending its biggest Dec rally since '91, helped by shares of commodity producers and signs of growing global demand.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.76 up from Tuesday's 14.73 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Tuesday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Tuesday's 2.48 (last year it was 2.62). 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,529.47 up 2.71 from Monday's closing numerator of 1,526.76. 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 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $50.98 up $0.09 from Monday's Dow Jones Industrial Average average closing price of $50.89. The median closing price of Tuesday's Dow Jones Industrial Average was $42.52 (AXP/HPQ up $0.08 from Monday's median closing price of $42.44. The lowest volume was 3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE and the highest volume was again Bank of America BAC $13.34 +0.07 0.53% 118,530,982 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $281 ($152,947 - $152,676).

MarketWatch Tuesday 12/28/10 [As of 4:46 pm there was no post-closing MarketWatch, sorry]

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

AT&T T $29.23 -0.02 0.07% 13,572,720 NYSE: No mentions found.

Alcoa AA $15.25 +0.02 0.13% 12,970,478 NYSE: No mentions found.

American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE: No mentions found.

Bank of Am BAC $13.34 +0.07 0.53% 118,530,982 NYSE: No mentions found.

Boeing BA $64.86 +0.11 0.17% 2,626,515 NYSE: No mentions found.

Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE: No mentions found.

Chevron CVX $91.19 +1.07 1.19% 5,056,001 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

USA Today p4B "Dec rally pushes S&P 50 higher" by Bloomberg says Chevron, the second largest US energy firm, rose $1.07 as oil traded near a 26 month high.

Cisco CSCO $20.35 +0.19 0.94% 57,125,653 NASDAQ-GS: Fin Times p18 "Analysts boost GM while indices suffer on low volumes" by Hannah Kuchler says positive analyst ratings pushed up shares in GM while the rest of the market was amost flat despite weaker than expected economic data. Cisco added 0.9 after rising 2.4% on Mon when Barron's reported that the stock could rise as demand grows and the firm starts paying a dividend.

Coke KO $65.36 +0.29 0.45% 4,779,764 NYSE: WSJ pB2 "PepsiCo's latest challenge: snackify some beverages" by Valerie Bauerlein says this is a new strategyto tap into the market for more nutritious convenience foods as Pepsi's shares have been underperforming US rivals Coke and Dr Pepper Snapple Group Inc.

DIS $37.36 -0.12 0.32% 3,456,474 NYSE: No mentions found.

DuPont DD $49.82 +0.19 0.38% 2,676,422 NYSE: No mentions found.

Exxon XOM $73.42 +0.41 0.56% 14,368,033 NYSE: No mentions found.

GE $18.32 +0.13 0.71% 47,518,601 NYSE: No mentions found.

Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE: WSJ pC5"Chevron helps fuel Dow's 20.51 point gain" by Kristina Peterson says the Dow closed higher in thin trading on Tues, led by gains in Chevron and Hewlett-Packard. Chevron rose $1.07 afer a county official in Cal said that a company refinery there was operating reversing an earlier filing that said the plant had been closed. Hewlett-Packard rose 43 cents after it was given a 10 year contract for up to $2.5 bil to supply personal computers, accessories & support services to NASA.

WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

Home Depot HD $35.09 -0.15 0.43% 4,064,223 NYSE: No mentions found.

Intel INTC $20.88 +0.04 0.19% 21,136,609 NASDAQ-GS: No mentions found.

IBM $145.71 +0.37 0.25% 2,692,358 NYSE: WSJ pC3 "Three '10 Deals that mattered" by Shira Ovide lists the Hewlett-Packard/3Par deal first after bids soared 83% from Dell's first offer, HP bought it for $2.1 bil, 240% more than the market value of 3Par before the initial offer. Subsequently IBM bought Netezza, another data storer, for $1.7 bil.

JPMorgan JPM $42.61 -0.06 0.14% 20,253,282 NYSE:

Johnson & Johnson JNJ $62.05 +0.12 0.19% 6,316,609 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Kraft KFT $31.86 +0.25 0.79% 4,871,347 NYSE: Fin Times p13 "Fresh details in Starbucks' Kraft dispute" by Greg Farrell says Kraft allegedly tried to hit up Starbucks' for $200 mil more money after it had agreed to sell back distribution rights to Starbucks for its roast and ground coffee.

MCD $76.43 unch unch 2,956,650 NYSE: No mentions found.

MRK $36.2 -0.03 0.08% 5,383,244 NYSE: No mentions found.

MSFT $28.01 -0.06 0.21% 22,953,243 NASDAQ-GS: No mentions found.

Pfizer PFE $17.59 +0.10 0.57% 29,591,401 NYSE: WSJ pB2 "J&J & AstraZeneca trials for painkiller are halted" by Dinah Brin says their fulranumab development program has been linked to joint damage so trials were halted last week. In July Pfizer suspended certain trials of its tanezumab drug over joint concerns.

Procter & Gamble PG $64.76 +0.09 0.14% 4,622,740 NYSE: No mentions found.

3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE: No mentions found.

TRV $55.66 -0.13 0.23% 1,852,098 NYSE: No mentions found.

United Tech UTX $79.29 +0.02 0.03% 2,064,928 NYSE: No mentions found.

Verizon VZ $35.62 +0.12 0.34% 11,885,284 DualListed: No mentions found.

Walmart WMT $53.74 +0.17 0.32% 6,758,660 NYSE: WSJ pB5 "Walmart joins investors funding Chinese retailer" by Loretta Chao says Walmart has invested in China's 360buy.com in another sign that competition is heating up in China's online retail sector.

****************************
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. (Cyhicago, 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 Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (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 George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05

12/28/10 Tues pm Dow Closes at 11,575.54 up 20.51 or 0.18%

www.DowJonesMonitor.com

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. 797 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, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

The Dow Jones Industrial Average closed Tuesday at 11,575.54 up 20.51 points or 0.18% from Monday's close of 11,555.03. Of the 30 Dow Jones component companies 19gained, McDonald's was unchanged and 10 declined. The biggest gainer dollar-wise and percentage-wise was Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE and percentage-wise was American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.73 down from Monday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Monday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Monday's 2.48 (last year it was 2.62). 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,529.47 up 2.71 from Monday's closing numerator of 1,526.76. 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 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was $50.98 up $0.09 from Monday's Dow Jones Industrial Average average closing price of $50.89. The median closing price of Tuesday's Dow Jones Industrial Average was $42.52 (AXP/HPQ up $0.08 from Monday's median closing price of $42.44. The lowest volume was 3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE and the highest volume was again Bank of America BAC $13.34 +0.07 0.53% 118,530,982 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $281 ($152,947 - $152,676).

MarketWatch Tuesday 12/28/10 [As of 4:46 pm there was no post-closing MarketWatch, sorry]




Tuesday's Closing Dow Numbers:

AT&T T $29.23 -0.02 0.07% 13,572,720 NYSE
Alcoa AA $15.25 +0.02 0.13% 12,970,478 NYSE
American Express AXP $42.79 -0.26 0.6% 4,000,196 NYSE
Bank of Am BAC $13.34 +0.07 0.53% 118,530,982 NYSE
Boeing BA $64.86 +0.11 0.17% 2,626,515 NYSE
Caterpillar CAT $93.69 -0.38 0.4% 2,990,236 NYSE
Chevron CVX $91.19 +1.07 1.19% 5,056,001 NYSE
CSCO $20.35 +0.19 0.94% 57,125,653 NASDAQ-GS
Coke KO $65.36 +0.29 0.45% 4,779,764 NYSE
DIS $37.36 -0.12 0.32% 3,456,474 NYSE
DuPont DD $49.82 +0.19 0.38% 2,676,422 NYSE
Exxon XOM $73.42 +0.41 0.56% 14,368,033 NYSE
GE $18.32 +0.13 0.71% 47,518,601 NYSE
Hewlett-Packard HPQ $42.25 +0.43 1.03% 10,368,769 NYSE
Home Depot HD $35.09 -0.15 0.43% 4,064,223 NYSE
Intel INTC $20.88 +0.04 0.19% 21,136,609 NASDAQ-GS
IBM $145.71 +0.37 0.25% 2,692,358 NYSE
JPMorgan JPM $42.61 -0.06 0.14% 20,253,282 NYSE
JNJ $62.05 +0.12 0.19% 6,316,609 NYSE
KFT $31.86 +0.25 0.79% 4,871,347 NYSE
MCD $76.43 unch unch 2,956,650 NYSE
MRK $36.2 -0.03 0.08% 5,383,244 NYSE
MSFT $28.01 -0.06 0.21% 22,953,243 NASDAQ-GS
Pfizer PFE $17.59 +0.10 0.57% 29,591,401 NYSE
Procter & Gamble PG $64.76 +0.09 0.14% 4,622,740 NYSE
3M MMM $86.74 -0.27 0.31% 1,765,411 NYSE
TRV $55.66 -0.13 0.23% 1,852,098 NYSE
United Tech UTX $79.29 +0.02 0.03% 2,064,928 NYSE
Verizon VZ $35.62 +0.12 0.34% 11,885,284 DualListed
Walmart WMT $53.74 +0.17 0.32% 6,758,660 NYSE



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

A read of Tuesday's Wall St. Journal, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) 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 Monday's (market was closed Friday) stock prices and related data.

Dow: The Dow Jones Industrial Average closed Monday at 11,555.03 down 18.46 points or 0.16% from Thursday's close of 11,573.49. For the year the Dow is up 10.81%. Of the 30 Dow Jones component companies 11 gained, Intel was unchanged and 18 declined. The biggest gainer dollar-wise was JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE and percentage-wise was Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS. The biggest decliner dollar-wise was and percentage-wise was Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE.

WSJ pC1 "A blanket of snow hushes trading" by Mark Gongloff says stock & bond trading, already due for a sleepy holiday week, turned downright somnambulant after a snowstorm snarled transportation around NYC. 2 bil shares traded in NYSE Composite volume, the lowest full trading day of the year and well below the month's average of 4.5 bil a day.

Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

NYT pB4 "Investors shrug off china's rate increase as a snowstorm hinders trading" by Reuters says stock indexes were little changed & the dollar lost ground to the Euroo in thin trading on Mon as investors shrugged off China's interst rate increase.

USA Today p4B "Biggest Dec rally since '91 rolls on" by Bloomberg says most stocks rose Mon extending the biggest Dec rally since '91 for the S&P 500 index, as AIG led fin'l shares higher after obtaining $4.3 bil in bank credit lines. Cisco, the largest maker of networking equipment rallied 47 cents as demand for products grows and it initiates a dividend and it mentions a Barron's article.

Monday's Dow Jones Industrial Average closing numerator was 1,526.76 down 2.43 from Thursday's closing numerator of 1,529.19. 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 Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $50.89 down $0.08 from Thursday's Dow Jones Industrial Average average closing price of $50.97. The median closing price of Monday's Dow Jones Industrial Average was $42.44 (AXP/HPQ up $0.18 from Thursday's median closing price of $42.26. The lowest volume was 3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE and the highest volume was again Bank of America BAC $13.27 +0.21 1.61% 114,262,151 NYSE.

If Monday 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 ljost $243 ($152,919 - $152,676).

MarketWatch Monday 12/27/10 4:20 pm by Tom Bemis says US stocks closed with mixed results in post-Christmas trading Monday, as a snowstorm shuttered much activity on the East Coast. The Dow Jones Industrial Average (DJIA 11,555, -18.46, -0.16%) ended 18 points lower at 11,555, while the S&P 500 Index (SPX 1,258, +0.77, +0.06%) edged up 0.77 to 1257.54 and the Nasdaq Composite Index (COMP 2,667, +1.67, +0.06%) ended up 1.67 at 2667.27. Insurer American International Group Inc. stood out among financial stocks, gaining more than 9% after securing new credit facilities totaling more than $4 billion.

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

AT&T T $29.25 +0.05 0.17% 11,562,421 NYSE: AJC pA12 "AT&T exapnds WiFi zones in public spaces" says AT&T is deploying its first WiFi zone in a public, outdoor area of San Ran in the Embarcadero district.

Alcoa AA $15.23 -0.11 0.72% 13,424,819 NYSE: Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

Amex AXP $43.05 +0.28 0.65% 4,354,926 NYSE: No mentions found.

Bank of Am BAC $13.27 +0.21 1.61% 114,262,151 NYSE: WSJ pC1 Chartbuster" ranks the world's investment banks for M&A activity and ranks JPMorgan third and JPMorgan 6th.

Boeing BA $64.75 -0.31 0.48% 2,540,267 NYSE:

Caterpillar CAT $94.07 -0.38 0.4% 2,616,992 NYSE: Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

Chevron CVX $90.12 -0.56 0.62% 3,105,257 NYSE: No mentions found.

Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS: USA Today p4B "Biggest Dec rally since '91 rolls on" by Bloomberg says most stocks rose Mon extending the biggest Dec rally since '91 for the S&P 500 index, as AIG led fin'l shares higher after obtaining $4.3 bil in bank credit lines. Cisco, the largest maker of networking equipment rallied 47 cents as demand for products grows and it initiates a dividend and it mentions a Barron's article.

Coke KO $65.07 -0.51 0.78% 4,943,385 NYSE: No mentions found.

Disney DIS $37.48 -0.22 0.58% 3,506,495 NYSE: NYT pB1 "Disney technology tackles a theme park headache: lines" by Brooks Barnes says to handle over 30 mil annual visitors Disney World has turned the art of crowd control into a science. It has spent the last year outfitting an underground nerve center to address long lines as employees watch tvs showing lines.

DuPont DD $49.63 -0.14 0.28% 1,794,314 NYSE: No mentions found.

Exxon XOM $73.01 -0.19 0.26% 9,713,940 NYSE: No mentions found.

GE $18.19 +0.15 0.83% 33,250,386 NYSE: WSJ pB3 "GE, Russia join for energy, health projects by Ida Iosebashvili, USA Today p1B "GE enters jvs with Russian firms" says GE is furthering 2 joint venture agreements, in Russia, a new area of focus for GE as Russian officials aim to improve energy and health care infrastructure. GE will form separate ventures with Russian energy firm Inter RAO and state owned tech holding firm Rotstekhnologili. to sell gas turbines and build a factory near Rybinsk.

WSJ pC8 "Risky patriot games for renewable energy" by Liam Denning says renewable energy is dependent on government support. Just before Xmas, egged on by the United Steelworkers, the US Trade Rep said China's subsidies to its wind power firms blocked US competitors like GE. Protectionism is counterproductive for an industry predicated on global agreements to fix the climate.

Hewlett-Packard HPQ $41.82 +0.08 0.19% 6,545,481 NYSE: WSJ pB5 Lenovo's best fit abroad" by Loretta Chao says Lenovo Group Ltd. is gaining in emerging markets such as Russia & India where the Chinese firm can use experience gained at home to woo lower income customers. It is the world's 4gth largest pc firm by volume. and ranks fourth in India after Dell, Hewlett-Packard and Acer. Lenovo has struggled with weak consumer sales and declining market share after it bought IBM's PC business in '05.

Home Dep HD $35.24 +0.15 0.43% 5,101,119 NYSE: No mentions found.

Intel INTC $20.84 unch unch 18,530,728 NASDAQ-GS: No mentions found.

IBM $145.34 -0.55 0.38% 2,307,485 NYSE: WSJ pB5 Lenovo's best fit abroad" by Loretta Chao says Lenovo Group Ltd. is gaining in emerging markets such as Russia & India where the Chinese firm can use experience gained at home to woo lower income customers. It is the world's 4gth largest pc firm by volume. and ranks fourth in India after Dell, Hewlett-Packard and Acer. Lenovo has struggled with weak consumer sales and declining market share after it bought IBM's PC business in '05.

JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE: WSJ pC1 Chartbuster" ranks the world's investment banks for M&A activity and ranks JPMorgan third and JPMorgan 6th.

Fin Times p11 "Credit lines of $4.3 bil take AIG closer to regaining independence" by Suzanne Kapner says a group of 36 banks administered by JPMorgan Chase is lending money to AIG.

JNJ $61.93 -0.32 0.51% 5,122,600 NYSE: No mentions found.

KFT $31.61 -0.27 0.85% 4,513,133 NYSE: No mentions found.

MCD $76.43 -0.53 0.69% 2,590,753 NYSE: No mentions found.

MRK $36.23 -0.06 0.17% 4,328,548 NYSE: No mentions found.

Microsoft MSFT $28.07 -0.23 0.81% 21,569,876 NASDAQ-GS: WSJ pB6 "The rise of Apps, iPad & Andorid" by Andrew Dowell says Microsoft, a powerhouse on the desktop, is struggling to find a foothold in mobile computers, with just 2.8% of the market for its mobile operating system in 3Q. It has pinned its hopes on devices running a new version, Windows Phone 7, which are just hitting stores.

Pfizer PFE $17.49 -0.12 0.68% 19,694,811 NYSE: WSJ pB2 "Regeneron's pain drug put on hold by FDA" by Katherine Hobson says the FDA put a clinical hold on an experimental pain drug that Regeneron is developing with Sanofi-Aventis after another drug that is similar made by another firm was linked to a bone disorder. Pfizer said in June that it would suspend osteoarthrritis trials of its tanezumab after reports it caused some to require joint replacements.

AJC pA12 "Pfizer's Quigley unit bankruptcy should end" says Pfizer, the world's largest drug firm, should have the bankruptcy of its Quigley unit, which has protected it from asbestors related health problems since '04 dismissed.

Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE: Fin Times p8 "Open innovation powers growth" by Jonathan Birchall says P&G is raising its target for new products developed with external partners. It produced 5 of the top 10 US non-food product launches in '09 but as it pursues its drive to add another 1 bil customers to it the 2.5 bil it already reaches, it need to be even more innovative. P&G's Olay Regenerist cream was rated in partnership with Sederma and gives other examples.

3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE: No mentions found.

TRV $55.79 +0.31 0.56% 1,614,567 NYSE: No mentions found.

United Tech UTX $79.27 -0.23 0.29% 1,385,949 NYSE: No mentions found.

Verizon VZ $35.5 +0.06 0.17% 8,177,516 DualListed: No mentions found.

Walmart WMT $53.57 -0.03 0.06% 5,869,184 NYSE: NYT pB2 "Walmart in deal with Chinese retail site" by David Barboza says Walmart & 5 other firms have agreed to invest $500 mil in 360buy.com, a fast growing online retailer in China. 360buy.com is based in Beijing.

****************************
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. (Cyhicago, 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 Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (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 George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05

12/28/10 Tues am GE to JV with Russia; Walmart in China Deal

www.DowJonesMonitor.com

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Post No. 796 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, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

A read of Tuesday's Wall St. Journal, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) 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 Monday's (market was closed Friday) stock prices and related data.

Dow: The Dow Jones Industrial Average closed Monday at 11,555.03 down 18.46 points or 0.16% from Thursday's close of 11,573.49. For the year the Dow is up 10.81%. Of the 30 Dow Jones component companies 11 gained, Intel was unchanged and 18 declined. The biggest gainer dollar-wise was JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE and percentage-wise was Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS. The biggest decliner dollar-wise was and percentage-wise was Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE.

WSJ pC1 "A blanket of snow hushes trading" by Mark Gongloff says stock & bond trading, already due for a sleepy holiday week, turned downright somnambulant after a snowstorm snarled transportation around NYC. 2 bil shares traded in NYSE Composite volume, the lowest full trading day of the year and well below the month's average of 4.5 bil a day.

Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

NYT pB4 "Investors shrug off china's rate increase as a snowstorm hinders trading" by Reuters says stock indexes were little changed & the dollar lost ground to the Euroo in thin trading on Mon as investors shrugged off China's interst rate increase.

USA Today p4B "Biggest Dec rally since '91 rolls on" by Bloomberg says most stocks rose Mon extending the biggest Dec rally since '91 for the S&P 500 index, as AIG led fin'l shares higher after obtaining $4.3 bil in bank credit lines. Cisco, the largest maker of networking equipment rallied 47 cents as demand for products grows and it initiates a dividend and it mentions a Barron's article.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.73 down from Monday's 14.76 (year ago it was 18.30); the P/E estimate is 13.54 unchanged from Monday's 13.54 (year ago it was 16.00), and the dividend yield is 2.48 unchanged from Monday's 2.48 (last year it was 2.62). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,526.76 down 2.43 from Thursday's closing numerator of 1,529.19. 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 Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $50.89 down $0.08 from Thursday's Dow Jones Industrial Average average closing price of $50.97. The median closing price of Monday's Dow Jones Industrial Average was $42.44 (AXP/HPQ up $0.18 from Thursday's median closing price of $42.26. The lowest volume was 3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE and the highest volume was again Bank of America BAC $13.27 +0.21 1.61% 114,262,151 NYSE.

If Monday 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 ljost $243 ($152,919 - $152,676).

MarketWatch Monday 12/27/10 4:20 pm by Tom Bemis says US stocks closed with mixed results in post-Christmas trading Monday, as a snowstorm shuttered much activity on the East Coast. The Dow Jones Industrial Average (DJIA 11,555, -18.46, -0.16%) ended 18 points lower at 11,555, while the S&P 500 Index (SPX 1,258, +0.77, +0.06%) edged up 0.77 to 1257.54 and the Nasdaq Composite Index (COMP 2,667, +1.67, +0.06%) ended up 1.67 at 2667.27. Insurer American International Group Inc. stood out among financial stocks, gaining more than 9% after securing new credit facilities totaling more than $4 billion.

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

AT&T T $29.25 +0.05 0.17% 11,562,421 NYSE: AJC pA12 "AT&T exapnds WiFi zones in public spaces" says AT&T is deploying its first WiFi zone in a public, outdoor area of San Ran in the Embarcadero district.

Alcoa AA $15.23 -0.11 0.72% 13,424,819 NYSE: Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

Amex AXP $43.05 +0.28 0.65% 4,354,926 NYSE: No mentions found.

Bank of Am BAC $13.27 +0.21 1.61% 114,262,151 NYSE: WSJ pC1 Chartbuster" ranks the world's investment banks for M&A activity and ranks JPMorgan third and JPMorgan 6th.

Boeing BA $64.75 -0.31 0.48% 2,540,267 NYSE:

Caterpillar CAT $94.07 -0.38 0.4% 2,616,992 NYSE: Fin Times p16 "Profit takers & blizzards blow chill wind for retailers" by Hanah Kuchler says US stocks staged a recovery late in the day, shrugging off earlier worries about China's interest rate rise, while a blizzard in the eastern US pushed the retail sector off a 3 year high. The materials sector closed flat but Alcoa lost 0.7%. Caterpillar was down 0.4%.

Chevron CVX $90.12 -0.56 0.62% 3,105,257 NYSE: No mentions found.

Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS: USA Today p4B "Biggest Dec rally since '91 rolls on" by Bloomberg says most stocks rose Mon extending the biggest Dec rally since '91 for the S&P 500 index, as AIG led fin'l shares higher after obtaining $4.3 bil in bank credit lines. Cisco, the largest maker of networking equipment rallied 47 cents as demand for products grows and it initiates a dividend and it mentions a Barron's article.

Coke KO $65.07 -0.51 0.78% 4,943,385 NYSE: No mentions found.

Disney DIS $37.48 -0.22 0.58% 3,506,495 NYSE: NYT pB1 "Disney technology tackles a theme park headache: lines" by Brooks Barnes says to handle over 30 mil annual visitors Disney World has turned the art of crowd control into a science. It has spent the last year outfitting an underground nerve center to address long lines as employees watch tvs showing lines.

DuPont DD $49.63 -0.14 0.28% 1,794,314 NYSE: No mentions found.

Exxon XOM $73.01 -0.19 0.26% 9,713,940 NYSE: No mentions found.

GE $18.19 +0.15 0.83% 33,250,386 NYSE: WSJ pB3 "GE, Russia join for energy, health projects by Ida Iosebashvili, USA Today p1B "GE enters jvs with Russian firms" says GE is furthering 2 joint venture agreements, in Russia, a new area of focus for GE as Russian officials aim to improve energy and health care infrastructure. GE will form separate ventures with Russian energy firm Inter RAO and state owned tech holding firm Rotstekhnologili. to sell gas turbines and build a factory near Rybinsk.

WSJ pC8 "Risky patriot games for renewable energy" by Liam Denning says renewable energy is dependent on government support. Just before Xmas, egged on by the United Steelworkers, the US Trade Rep said China's subsidies to its wind power firms blocked US competitors like GE. Protectionism is counterproductive for an industry predicated on global agreements to fix the climate.

Hewlett-Packard HPQ $41.82 +0.08 0.19% 6,545,481 NYSE: WSJ pB5 Lenovo's best fit abroad" by Loretta Chao says Lenovo Group Ltd. is gaining in emerging markets such as Russia & India where the Chinese firm can use experience gained at home to woo lower income customers. It is the world's 4gth largest pc firm by volume. and ranks fourth in India after Dell, Hewlett-Packard and Acer. Lenovo has struggled with weak consumer sales and declining market share after it bought IBM's PC business in '05.

Home Dep HD $35.24 +0.15 0.43% 5,101,119 NYSE: No mentions found.

Intel INTC $20.84 unch unch 18,530,728 NASDAQ-GS: No mentions found.

IBM $145.34 -0.55 0.38% 2,307,485 NYSE: WSJ pB5 Lenovo's best fit abroad" by Loretta Chao says Lenovo Group Ltd. is gaining in emerging markets such as Russia & India where the Chinese firm can use experience gained at home to woo lower income customers. It is the world's 4gth largest pc firm by volume. and ranks fourth in India after Dell, Hewlett-Packard and Acer. Lenovo has struggled with weak consumer sales and declining market share after it bought IBM's PC business in '05.

JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE: WSJ pC1 Chartbuster" ranks the world's investment banks for M&A activity and ranks JPMorgan third and JPMorgan 6th.

Fin Times p11 "Credit lines of $4.3 bil take AIG closer to regaining independence" by Suzanne Kapner says a group of 36 banks administered by JPMorgan Chase is lending money to AIG.

JNJ $61.93 -0.32 0.51% 5,122,600 NYSE: No mentions found.

KFT $31.61 -0.27 0.85% 4,513,133 NYSE: No mentions found.

MCD $76.43 -0.53 0.69% 2,590,753 NYSE: No mentions found.

MRK $36.23 -0.06 0.17% 4,328,548 NYSE: No mentions found.

Microsoft MSFT $28.07 -0.23 0.81% 21,569,876 NASDAQ-GS: WSJ pB6 "The rise of Apps, iPad & Andorid" by Andrew Dowell says Microsoft, a powerhouse on the desktop, is struggling to find a foothold in mobile computers, with just 2.8% of the market for its mobile operating system in 3Q. It has pinned its hopes on devices running a new version, Windows Phone 7, which are just hitting stores.

Pfizer PFE $17.49 -0.12 0.68% 19,694,811 NYSE: WSJ pB2 "Regeneron's pain drug put on hold by FDA" by Katherine Hobson says the FDA put a clinical hold on an experimental pain drug that Regeneron is developing with Sanofi-Aventis after another drug that is similar made by another firm was linked to a bone disorder. Pfizer said in June that it would suspend osteoarthrritis trials of its tanezumab after reports it caused some to require joint replacements.

AJC pA12 "Pfizer's Quigley unit bankruptcy should end" says Pfizer, the world's largest drug firm, should have the bankruptcy of its Quigley unit, which has protected it from asbestors related health problems since '04 dismissed.

Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE: Fin Times p8 "Open innovation powers growth" by Jonathan Birchall says P&G is raising its target for new products developed with external partners. It produced 5 of the top 10 US non-food product launches in '09 but as it pursues its drive to add another 1 bil customers to it the 2.5 bil it already reaches, it need to be even more innovative. P&G's Olay Regenerist cream was rated in partnership with Sederma and gives other examples.

3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE: No mentions found.

TRV $55.79 +0.31 0.56% 1,614,567 NYSE: No mentions found.

United Tech UTX $79.27 -0.23 0.29% 1,385,949 NYSE: No mentions found.

Verizon VZ $35.5 +0.06 0.17% 8,177,516 DualListed: No mentions found.

Walmart WMT $53.57 -0.03 0.06% 5,869,184 NYSE: NYT pB2 "Walmart in deal with Chinese retail site" by David Barboza says Walmart & 5 other firms have agreed to invest $500 mil in 360buy.com, a fast growing online retailer in China. 360buy.com is based in Beijing.

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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. (Cyhicago, 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 Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (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 George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05

12/27/10 Mon pm Dow Closes at 11,555.03 down 18.46 or 0.16%

www.DowJonesMonitor.com

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Post No. 795 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, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.

The Dow Jones Industrial Average closed Monday at 11,555.03 down 18.46 points or 0.16% from Thursday's close of 11,573.49. Of the 30 Dow Jones component companies 11 gained, Intel was unchanged and 18 declined. The biggest gainer dollar-wise was JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE and percentage-wise was Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS. The biggest decliner dollar-wise was and percentage-wise was Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132129493. The trailing P/E is 14.76 (year ago it was 18.25); the P/E estimate is 13.54 (year ago it was 16.00) and the dividend yield is 2.48 (last year it was 2.62). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,526.76 down 2.43 from Thursday's closing numerator of 1,529.19. 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 Thursday by the divisor (0.132129493) you get the decrease in Thursday's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $50.89 down $0.08 from Thursday's Dow Jones Industrial Average average closing price of $50.97. The median closing price of Monday's Dow Jones Industrial Average was $42.44 (AXP/HPQ up $0.18 from Thursday's median closing price of $42.26. The lowest volume was 3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE and the highest volume was again Bank of America BAC $13.27 +0.21 1.61% 114,262,151 NYSE.

If Monday 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 ljost $243 ($152,919 - $152,676).

MarketWatch Monday 12/27/10 4:20 pm by Tom Bemis says US stocks closed with mixed results in post-Christmas trading Monday, as a snowstorm shuttered much activity on the East Coast. The Dow Jones Industrial Average (DJIA 11,555, -18.46, -0.16%) ended 18 points lower at 11,555, while the S&P 500 Index (SPX 1,258, +0.77, +0.06%) edged up 0.77 to 1257.54 and the Nasdaq Composite Index (COMP 2,667, +1.67, +0.06%) ended up 1.67 at 2667.27. Insurer American International Group Inc. stood out among financial stocks, gaining more than 9% after securing new credit facilities totaling more than $4 billion.

Monday's Closing Dow Numbers:

At&T T $29.25 +0.05 0.17% 11,562,421 NYSE
Alcoa AA $15.23 -0.11 0.72% 13,424,819 NYSE
Amex AXP $43.05 +0.28 0.65% 4,354,926 NYSE
Bank of Am BAC $13.27 +0.21 1.61% 114,262,151 NYSE
Boeing BA $64.75 -0.31 0.48% 2,540,267 NYSE
Caterpillar CAT $94.07 -0.38 0.4% 2,616,992 NYSE
Chevron CVX $90.12 -0.56 0.62% 3,105,257 NYSE
Cisco CSCO $20.16 +0.47 2.39% 61,811,466 NASDAQ-GS
Coke KO $65.07 -0.51 0.78% 4,943,385 NYSE
DIS $37.48 -0.22 0.58% 3,506,495 NYSE
DuPont DD $49.63 -0.14 0.28% 1,794,314 NYSE
Exxon XOM $73.01 -0.19 0.26% 9,713,940 NYSE
GE $18.19 +0.15 0.83% 33,250,386 NYSE
Hewlett-Pack HPQ $41.82 +0.08 0.19% 6,545,481 NYSE
Home Dep HD $35.24 +0.15 0.43% 5,101,119 NYSE
Intel INTC $20.84 unch unch 18,530,728 NASDAQ-GS
IBM $145.34 -0.55 0.38% 2,307,485 NYSE
JPMorgan JPM $42.67 +0.59 1.4% 16,739,731 NYSE
JNJ $61.93 -0.32 0.51% 5,122,600 NYSE
KFT $31.61 -0.27 0.85% 4,513,133 NYSE
MCD $76.43 -0.53 0.69% 2,590,753 NYSE
MRK $36.23 -0.06 0.17% 4,328,548 NYSE
MSFT $28.07 -0.23 0.81% 21,569,876 NASDAQ-GS
Pfizer PFE $17.49 -0.12 0.68% 19,694,811 NYSE
Procter & Gamble PG $64.67 -0.57 0.87% 7,089,220 NYSE
3M MMM $87.01 +0.54 0.62% 1,582,553 NYSE
TRV $55.79 +0.31 0.56% 1,614,567 NYSE
United Tech UTX $79.27 -0.23 0.29% 1,385,949 NYSE
Verizon VZ $35.5 +0.06 0.17% 8,177,516 DualListed
Walmart WMT $53.57 -0.03 0.06% 5,869,184 NYSE


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The following are excerpts from Monday morning's Blog.

A read of Monday's Barron's, Wall St. Journal, New York Times and USA Today 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 (market was closed Friday) stock prices and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 11,573.49 up 14 points or 0.12% from Wednesday's close of 11,559.49. Of the 30 Dow Jones component companies 14 gained, Kraft was unchanged and 15 declined. The biggest gainer dollar-wise was Chevron CVX $90.68 +0.76 0.85% 5,102,081 NYSE and percentage-wise was Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE. The biggest decliner dollar-wise was Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE and percentage-wise was Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE.

Thursday's Dow Jones Industrial Average closing numerator was 1,529.19 up 1.85 from Wednesday's closing numerator of 1,527.34. 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 Thursday by the divisor (0.132129493) you get the increase in Thursday's Dow. A $1 change in the price of any DJIA stock = a 7.56 change in the average.

The average closing price (the closing numerator divided by 30) of Thursday's Dow Jones Industrial Average was $50.97 up $0.06 from Wednessday's Dow Jones Industrial Average average closing price of $50.91. The median closing price of Thursday's Dow Jones Industrial Average was $42.26 (AXP/HPQ)f $42.15. The lowest volume was Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE and the highest volume was again Bank of America BAC $13.06 -0.32 2.39% 184,254,478 NYSE.

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 $185 ($152,919 - $152,734)

MarketWatch Thursday 12/23/10 5:08 pm by Donna Yesalavich says the Dow Jones Industrial Average edged up to a fresh two-year closing high Thursday while other measures slipped following a mixed bag of economic data that left investors with little reason to make major position changes ahead of the holiday. The Dow (DJIA 11,573, +14.00, +0.12%) rose 14 points, or 0.12%, to 11573.49, its highest closing level since August 2008. Alcoa, Inc. (AA 15.34, +0.20, +1.32%) led its climb with a 1.3% rise. Chevron Corp. (CVX 90.68, 0.00, 0.00%) was also strong, up 0.9%, and Exxon Mobil Corp. (XOM 73.20, 0.00, 0.00%) added 0.6%, boosted by a climb in crude-oil futures to fresh two-year highs above $91 a barrel. Stocks ended flat for the day in light pre-holiday trading but Joe Bel Bruno explains why it's a Merry Christmas for investors, with the Dow up 5% for the month and the S&P 500 and Nasdaq each up 6.5% so far in December. Plus, oil prices spike again. Thursday marked the conclusion of a positive week for stocks, with the Dow up 0.71% on the week, the S&P 500 up 1% and the Nasdaq up 0.9%, adding to their gains for the month. It was the fourth straight week of gains for the Dow and the S&P 500, and the fifth for the Nasdaq. Limiting the Dow’s ascent, Bank of America Corp. (BAC 13.06, -0.32, -2.39%) fell 2.4%, erasing part of its 3.2% Wednesday jump. Walt Disney Co. (DIS 37.70, 0.00, 0.00%) was also weak, off 0.7%, while Travelers Co. (TRV 55.48, -0.37, -0.66%) slipped 0.7%. The Nasdaq Composite (COMP 2,666, 0.00, 0.00%) fell 5.88, or 0.22%, to 2665.60. The Standard & Poor’s 500-stock index (SPX 1,257, -2.07, -0.16%) shed 2.07, or 0.16%, to 1256.77, with financials leading to the downside in a small pullback from the sector’s Wednesday rally while energy and materials stocks rose. The activity followed a mixed round of economic data with few surprises, prompting investors to see little need to change their positions heading into the holiday. While durable-goods orders fell more than twice the drop that was projected by economists, they were weighed down by a 53.1% plunge in commercial airplane orders. New orders for nondefense capital goods excluding aircraft—a metric that is considered a key barometer of capital spending—rose 2.6%, an indication businesses are spending as the economy recovers. Also encouraging, the Reuters/University of Michigan consumer sentiment index’s final reading for December edged higher, meeting expectations. Meanwhile, U.S. consumer spending was modest in November with a 0.4% increase, slightly smaller than the rise economists had forecast. Demand for new homes in the U.S. also rose less than expected with an increase of 5.5%. “Housing is a little bit worrisome, but it’s not totally out of expectations,” said Weyman Gong, chief investment officer at Signature. “We never expected the housing market to recover any time soon in a big move.” Despite some of the data missing expectations, taken together it was seen as confirming the recent trend of a slow-but-steady economic recovery, said Brian Gendreau, market strategist at Financial Network, a financial advisory firm. “I don’t think we can count on housing to lead us out of this recovery, but we are seeing strong export growth, and pretty strong consumer spending,” Gendreau said. “Those are all good signs.” Thursday’s stock moves came on thin volume as traders began departing for the holiday weekend. The stock market will be closed on Friday. Less than 3 billion shares changed hands in New York Stock Exchange Composite volume during the session, well below the month’s average of 4.8 billion shares a day. With one week left to December, the Dow is up 5.2% for the month, while the S&P 500 is up 6.5% and the Nasdaq is up 6.7%. Among stocks in focus, Bed Bath & Beyond (BBBY 50.10, +2.43, +5.10%) climbed 5.1%. The housewares retailer posted a 25% increase in fiscal third-quarter earnings, beating its guidance and raising its expectations for the remainder of the year. Jo-Ann Stores Inc. (JAS 60.19, +14.56, +31.91%) surged 32% after the fabric and craft retailer agreed to be acquired by private-equity firm Leonard Green & Partners LP for about $1.6 billion. Jo-Ann holders would get $61 a share under the buyout bid, a 34% premium to Wednesday’s closing price.

Thursday's Closing Dow Numbers & Friday's News:


AT&T T $29.2 +0.07 0.24% 12,697,307 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Alcoa AA $15.34 +0.20 1.32% 29,638,481 NYSE: No mentions found.

Amex AXP $42.77 -0.04 0.09% 4,832,099 NYSE: No mentions found.

Bank of America BAC $13.06 -0.32 2.39% 184,254,478 NYSE: USA Today p1B "BofA gets low marks in reports" by Julie Schmit says Bank of America routinely takes longer than its peers to answer phone calls from borrowers with distressed home loans and loses the highest percentage of calls, per a Treasury Dept. report. It takes Bank of America 42 second to answer calls while JPMorgan is 5th on the list taking 13 seconds.

WSJ pC1 "Bailed out banks slip toward failure" by Michael Rapoport says nearly 100 US banks that got bailout funds from the fed gov show signs they are in jeopardy of failing. Smaller TARP recipients are in worse shape than larger banks because the larger banks such as Bank of America and Citigroup got additional help by tapping the Fed Reserve's emergency liquidity programs frequently during the crisis.

WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

Boeing BA $65.06 +0.45 0.7% 3,329,799 NYSE: No mentions found.

Caterpillar CAT $94.45 -0.12 0.13% 2,206,023 NYSE: No mentions found.

Chevron CVX $90.68 +0.76 0.85% 5,102,081 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

CSCO $19.69 +0.13 0.66% 41,614,144 NASDAQ-GS: Barron's p1 & 21 "Why Cisco will get moving again" & "Ending the Cisco skid" by Micahel Santoli says investors are under sestimatingh Cisco's prospects and the stock looks cheap in this favorable article about Cisco and CEO John Chambers.

WSJ pC8 "Down in Silicon Valley, some like IT hot" by Rolfe Winkler says tech titans have plenty of fight when it comes to deals such as the fight between HP and Dell over 3Par. A few years ago, HP, Oracle and Cisco were largely specialty stores but now they are like the IT equivalent of big box retailers where Chief Info Officers can get most of their shopping done. Cisco may bug EMC for its 80% stake in VMware in which Cisco already has a 2% stake. HP may merge with SAP.

Coke KO $65.58 -0.01 0.02% 6,540,332 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Disney DIS $37.7 -0.25 0.66% 4,511,774 NYSE: WSJ pB4 "Box office figures through Sun" says Disney's Tron was third with $20.1 mil the past weekend with a cumulative $88.3, first was Little Fockers and second was True Grit.

NYT pB1 "Away from the middlebrow" by Brooks Barnes says movies studios recognize that movie goers armed with social networking info are demanding higher quality movies. Disney execs are quoted.

Barron's p25 "Shielding time sharesellers" by Jim McTeague says the time share industry dodged a bullet in the new Dodd-Frank law by being exempt from certain verification of borrower's income. Publicly traded firms own the largest time share outfits including Disney vacation club.

DuPont DD $49.77 -0.03 0.06% 2,430,653 NYSE: No mentions found.

Exxon XOM $73.2 +0.40 0.55% 11,389,829 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

GE $18.04 -0.02 0.11% 30,983,443 NYSE: WSJ pC3 "Santander will buy GE Mortgage assets": by Paul Galder says Spain's Grupo Sanander will buy a $2 bil mortgage portfolio of Mexican real estate assets from GE's finance division for $162 mil plus debt.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Hewlett-Packard HPQ $41.74 +0.26 0.63% 8,500,504 NYSE: WSJ pC8 "Down in Silicon Valley, some like IT hot" by Rolfe Winkler says tech titans have plenty of fight when it comes to deals such as the fight between HP and Dell over 3Par. A few years ago, HP, Oracle and Cisco were largely specialty stores but now they are like the IT equivalent of big box retailers where Chief Info Officers can get most of their shopping done. Cisco may bug EMC for its 80% stake in VMware in which Cisco already has a 2% stake. HP may merge with SAP.

WSJ pB6 "Year in review: ceo changes" by Dana Mattiolo says from HP's Hurd to Pfizer's Kindler, suprise exits stuned many in '10, though turnover at top was low overall all. Hurd's and Pfizer's departures are discussed in length.

Home Depot HD $35.09 -0.09 0.26% 6,241,470 NYSE: No mentions found.

Intel INTC $20.84 -0.05 0.24% 27,974,662 NASDAQ-GS: WSJ pB3 "Intel, AMD to unveil combination chips" by Don Clark says chip makers soon will deliver one of the biggest advances in years in the technology that powers laptop and desktop computers. The design trend shold be the focus of announcements by Intel and Advanced Micro Devices at the Consumer Electonics Show early next month and is based on bringing together 2 long separate classes of products: microporcessors and graphics processing units, which render images in videogames and other programs.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

IBM $145.89 -0.06 0.04% 2,425,001 NYSE: Barron's p14 "IBm shareholders hold enjoy new year" by Leslie Norton IBM may be undervlaued as it trades at discounts to Apple, Google and Oracle. Bob Djurdjevic of Annex Research thinks IBM is worth $176 per share.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

JPMorgan JPM $42.08 -0.08 0.19% 18,932,006 NYSE: WSJ pC1 "Bailed out banks slip toward failure" by Michael Rapoport says nearly 100 US banks that got bailout funds from the fed gov show signs they are in jeopardy of failing. Smaller TARP recipients are in worse shape than larger banks because the larger banks such as Bank of America and Citigroup got additional help by tapping the Fed Reserve's emergency liquidity programs frequently during the crisis.

WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

USA Today p1B "BofA gets low marks in reports" by Julie Schmit says Bank of America routinely takes longer than its peers to answer phone calls from borrowers with distressed home loans and loses the highest percentage of calls, per a Treasury Dept. report. It takes Bank of America 42 second to answer calls while JPMorgan is 5th on the list taking 13 seconds.

Barron's p41 "When one man was the central banks" by John Gordon says J.P. Morgan was so important a figure than in 1913 when he died the Fed Reserve came into being because J.P. Morgan showed the importance of having a central bank.

JNJ $62.25 +0.23 0.37% 7,250,206 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Kraft KFT $31.88 unch unch 4,491,944 NYSE: No mentions found.

McDonald's MCD $76.96 -0.05 0.06% 2,865,071 NYSE: WSJ pA1 "On McDonald's menu: variety, caution" by Julie Jargon says McDonald's is testing flatbread sandwiches and garden snack wraps, chicken and vegetables wrapped in a tortilla.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Merck MRK $36.29 +0.07 0.19% 7,244,660 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20. Merck was the only one of the 20 not to enhance their dividend in '10.

Microsoft MSFT $28.3 +0.1125 0.4% 24,913,722 NASDAQ-GS: WSJ pC8 "Overheard" says since the financial crisis Microsoft at a dividend rate of $5.5 bil now accounts for more dividends than the country's biggest banks combined with JPMorgan paying $780 mil and Bank of America which paid out $11 bil in '07 is back to $400 mil.

Pfizer PFE $17.61 +0.05 0.28% 21,721,032 NYSE: WSJ pB6 "Year in review: ceo changes" by Dana Mattiolo says from HP's Hurd to Pfizer's Kindler, suprise exits stuned many in '10, though turnover at top was low overall all. Hurd's and Pfizer's departures are discussed in length.

Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Procter & Gamble PG $65.24 +0.29 0.45% 5,953,258 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

3M MMM $86.47 -0.25 0.29% 1,890,335 NYSE: No mentions found.

Travelers TRV $55.48 -0.37 0.66% 1,609,165 NYSE: No mentions found.

United Tech UTX $79.5 -0.02 0.03% 1,862,679 NYSE: No mentions found.

Verizon VZ $35.44 +0.26 0.74% 10,427,290 DualListed: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

Walmart WMT $53.6 +0.29 0.54% 9,066,273 NYSE: Barron's pM13 "Speaking of dividends" says now that qualified dividends will continue to receive favorable tax treatment for at least another 2 years, this article lists who pays the most dividends and of the top 20 the top 10 are Dow components: AT&T, Exxon J&J, Chevron, Pfizer, Verizon, Microsoft, Procter & Gamble, GE and Merck and 5 of the next ten are also Dow compnents: Walmart, Coke and Intel at 11th, 12th, & 135h and IBM at 15th and McDonald's at 20.

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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. (Cyhicago, 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 Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (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 George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (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 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]

Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:

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

AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10

Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results

American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers

Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares

Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement

Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10

Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09

Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10

Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10

Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings

DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results

ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm

GE: 11/3/10 10Q re 9/30/10 results

Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO

Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance

Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10

IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10

JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results

Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10

Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results

McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10

Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10

Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders

Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.

Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10

3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales

Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67

United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10

Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10

WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05