8/12/09 pm Dow Closes at 9361.61 up 120.16 up 1.3%

Post #51 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report.

The Dow Jones Industrial Average closed Wednesday at 9361.61 up 120.16 or 1.3% from Tuesday's close of 9241.45. Of the 30 Dow Companies: 2 gained and 28 declined with the biggest loser being KO Coke $48.46 -0.58 1.18% 12,441,514 NYSE and the biggest gainers being IBM $119.29 +1.50 1.27% 6,288,689 NYSE & TRAVELERS TRV $46.43 +1.50 3.34% 4,952,466 NYSE.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged.

Wednesday's Dow Jones Industrial Average closing numerator was 1238.72 up 15.90 from Tuesday's closing Dow numerator of 1222.82. 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 of 12.77 by the divisor you get 120.16, the increase in Wednesday's Dow close.

The average closing price (the closing numerator divided by 30) of Tueday's Dow Jones Industrial Average was 41.29 up 0.53 from Tuesday's Dow Jones Industrial Average closing price of 40.76. The median closing price of Wednesday's Dow Jones Industrial Average was 37.35 up 0.24 from Tuesday's Dow Jones median closing price of 37.11.

The highest closing price Tuesday again was IBM IBM $119.29 +1.50 1.27% 6,288,689 NYSE and the lowest closing price Tuesday again was Alcoa AA $12.96 +0.25 1.97% 34,957,741 NYSE.

The lowest volume Wednesday was Boeing BA $46.34 +0.95 2.09% 4,681,883 NYSE and the highest volume again was BAC BofAm $$15.93 +0.08 0.5% 303,851,125 NYSE.

If Wednesday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $1,590
($123,870 - $122,280).

Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

T $25.65 +0.29 1.14% 21,036,352 NYSE
AA $12.96 +0.25 1.97% 34,957,741 NYSE
AXP $31.8 +0.29 0.92% 9,049,490 NYSE
BAC $15.93 +0.08 0.5% 303,851,125 NYSE
BA $46.34 +0.95 2.09% 4,681,883 NYSE
CAT $47.58 +1.30 2.81% 11,463,326 NYSE
CVX $68.72 +0.78 1.15% 8,949,582 NYSE
CSCO $21.43 +0.26 1.23% 49,293,734 NASDAQ-GS
KO $48.46 -0.58 1.18% 12,441,514 NYSE
DIS $26.22 +0.32 1.24% 8,956,569 NYSE
DD $32.49 -0.49 1.49% 9,595,766 NYSE
XOM $69.11 +0.98 1.44% 19,182,689 NYSE
GE $14.13 +0.14 1% 92,278,164 NYSE
HPQ $44.18 +0.79 1.82% 13,789,940 NYSE
HD $27.2 +0.31 1.15% 13,253,098 NYSE
INTC $18.81 +0.17 0.91% 52,899,896 NASDAQ-GS
IBM $119.29 +1.50 1.27% 6,288,689 NYSE
JPM $42.21 +0.97 2.35% 43,003,137 NYSE
JNJ $60.59 +0.37 0.61% 8,219,031 NYSE
KFT $28.5 +0.04 0.14% 7,377,772 NYSE
MCD $56.26 +0.24 0.43% 7,222,931 NYSE
MRK $30.74 +0.41 1.35% 12,308,696 NYSE
MSFT $23.53 +0.40 1.73% 61,922,401 NASDAQ-GS
PFE $15.86 +0.03 0.19% 35,396,090 NYSE
PG $52.08 +0.15 0.29% 10,133,140 NYSE
MMM $72.33 +0.99 1.39% 4,806,710 NYSE
TRV $46.43 +1.50 3.34% 4,952,466 NYSE
UTX $58.17 +2.40 4.3% 8,667,211 NYSE
VZ $31.21 +0.61 1.99% 23,399,724 NYSE
WMT $50.51 +0.47 0.94% 18,204,111 NYSE

The following appeared in Wednesday morning's blog; market data is from Tuesday's Close.
A read of Wednesday's 8/12/09 print editions of: Wall Street Journal, Financial Times, Investors Business Daily, New York Times, Atl Journal Const, 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 Tuesday's closing price and related data:

Dow Jones Industrial Average: This day in Dow history in 1981 IBM introduced its first PC the 8151; yesterday's Blog noted Legend Holdings Ltd., the parent of Chinese computer maker Lenovo Group in 2005 moved into the ranks of global personal computer manufacturers with the purchase of IBM's PC business in 2005.

Dow in the News: NYT pB7 "Investor Sell Bank Shhres Ahead of the Fed's Statement" says the Dow fell 96.50, its biggest drop since July 7 to close at 9241.45 as investors worried that the market's steep gains in the last month would unravel if the economy failed to show more signs of strength and notes that BAC Bank of Am fell 0.83 or 0.5% to 15.85 and WMT Wal-Mart rose 0.32 to 50.04 as investors looked for safe haven investments. Fin Times p20 "New warning over toxic assets sparks retreat in financials" says JPMorgan fell 3.4% to $41.24 as financial stocks led US equities to their worst day in more than a month yesterday amid signs that the effects of the financial crisis are still being fell. WSJ pC1 "Dow Rally Fades Further, Falling 96.50" says financial stocks led the broader market lower on worries that earnings gains may subside and concern that the Fed may indicate it is getting closer to raising interest rates. WSJ pC5 "BofA and JP Morgan Drive Down the Dow" says a recently surging stock market paused for the second consecutive days as BAC BofAm and JPM gave back some of their recents gains. Side bar charts BAC under "Bad News" saing Rochdale Securities analyst Dick Bove said the sector's recent rally reflected psychology, not fundamentals.

AT&T T $25.36 -0.22 0.86% 16,063,037 NYSE: WSJ pB7 "Tech Journal Wireless Firms Dial Up Lobbyists - Verizon, AT&T Hope to Stave Off Regulatory, Congressional Action" says lawmakers are looking at a bunch of issues from exclusive handset deals to test messaging rates that court hurt the largest US wireless carriers such as VZ and T who are hiring lobbyists, mostly Republicans but VZ hired Brian Rice, the chief telecom aide to MAss Sen. John Kerry who chairs the Senate subcommittee that oversees wireless and Internet issues.

Alco AA $12.71 +0.02 0.16% 31,410,481 NYSE: No mentions found.

AmEx AXP $31.51 -0.83 2.57% 12,868,304 NYSE: AJC pA13 reports that AXP and Discover will no longer charge overdraft fees for cardholders (this was widely reported yesterday).

BofAm BAC $15.85 -0.83 4.98% 317,260,889 NYSE: NYT pB7 "Investors Sell Bank Shares Ahead of the Fed's Statement" says the Dow fell 96.50, its biggest drop since July 7to close at 9241.45 as investors worried that the market's steep gains in the last month would unravel if the economy failed to show more signs of strength and notes that BAC Bank of Am fell 0.83 or 0.5% to 15.85 and WMT Wal-Mart rose 0.32 to 50.04 as investors looked for safe haven investments. WSJ pC5 "BofA and JP Morgan Drive Down the Dow" says a recently surging stock market paused for the second consecutive days as BAC BofAm and JPM gave back some of their recents gains. Side bar charts BAC under "Bad News" saing Rochdale Securities analyst Dick Bove said the sector's recent rally reflected psychology, not fundamentals.

Boeing BA $45.39 -0.38 0.83% 5,011,051 NYSE: No mentions found.

Caterpillar CAT $46.28 -0.87 1.85% 13,010,236 NYSE: No mentions found.

Chevron CVX $67.94 -1.29 1.86% 8,897,598 NYSE: No mentions found.

Cisco CSCO $21.17 -0.47 2.17% 52,852,412 NASDAQ-GS: WSJ pB5 "Cisco Shuns Used IT Gear - Analysts Say Gray Market Is Stealing Potential Sales" says demand for used networking equipment is flourishing, driven by the recession and tightening budgets, but CSCO remains skittish about entering the secondhand market with its routers and switches. Instead CSCO ignores the estimated $2 billion markets, due to risks and complications of using discarded gear. Story says CSCO is missing an opportunity to provide a low end offering when businesses are seeking a break noting that CSCO is already facing copetition from cheaper playes such as HPQ Hewlett-Packard.

Coke KO $49.04 -0.40 0.81% 6,170,510 NYSE: AJC pA11 "Coke Cleared of Columbia allegations - No connection between the Company and Union violence" says that a federal judge in Atlanta for the 11th Circuit upheld the lower court's finding that KO was not responsible for the torture of a union official who was engaged in union organizing against KO.

Disney DIS $25.9 -0.54 2.04% 8,450,659 NYSE: No mentions found.

DuPont DD $32.98 +0.60 1.85% 9,861,630 NYSE: No mentions found.

Exxon-Mobil XOM $68.13 -1.05 1.52% 16,519,420 NYSE: WSJ pD2 "A Time to Let Go Of Overvalued Stock" says XOM is on a list with high price to growth ratios and says that XOM and a lot of the energy companies have gotte ahead of earnings expectations, suggesting they're due for a pullback.

GE $13.99 -0.58 3.98% 101,828,742 NYSE: No mentions found.

Hewlett-Packard HPQ $43.39 -0.28 0.64% 10,652,754 NYSE: WSJ pB5 "Cisco Shuns Used IT Gear - Analysts Say Gray Market Is Stealing Potential Sales" says demand for used networking equipment is flourishing, driven by the recession and tightening budgets, but CSCO remains skittish about entering the secondhand market with its routers and switches. Instead CSCO ignores the estimated $2 billion markets, due to risks and complications of using discarded gear. Story says CSCO is missing an opportunity to provide a low end offering when businesses are seeking a break noting that CSCO is already facing copetition from cheaper playes such as HPQ Hewlett-Packard.

Home Depot HD $26.89 -0.21 0.77% 8,811,609 NYSE: No mentions found.

Intel INTC $18.64 -0.12 0.64% 32,470,261 NASDAQ-GS: No mentions found.

IBM $117.79 -0.91 0.77% 4,475,216 NYSE: This day in Dow history in 1981 IBM introduced its first PC the 8151; yesterday's Blog noted Legend Holdings Ltd., the parent of Chinese computer maker Lenovo Group in 2005 moved into the ranks of global personal computer manufacturers with the purchase of IBM's PC business in 2005.

JPM Morgan Chase JPM $41.24 -1.45 3.4% 47,182,302 NYSE: Fin Times p20 "New warning over toxic assets sparks retreat in financials" says JPMorgan fell 3.4% to $41.24 as financial stocks led US equities to their worst day in more than a month yesterday amid signs that the effects of the financial crisis are still being fell. WSJ pC5 "BofA and JP Morgan Drive Down the Dow" says a recently surging stock market paused for the second consecutive days as BAC BofAm and JPM gave back some of their recents gains. WSJ pC6 "Feeling Roomy, JP Morgan Shops Its Sapce- Lender Seeks to Unload Properties Following bear Stearns and Washington Mutual Acquisitions" says JPM is marketing 23 office properties across the US in an effort to rid itself of excess space but the timing is bad due to the worst property market in decades and any sale is likely to come with big concessions. Inv Bus Daily pA7 says RS Large Cap Alpha Fund boosted its position in JPM. USA Today p2B in a storya bout bankruptcy filings may hit 1.4 million by this year says JPM's credit cards lost $672 million in 2Q, compared with income of $250 million in 2Q last year and that JPM said losses in its Chase credit card portfolio may be 10% next quarter..

Johnson & Johnson JNJ $60.22 -0.50 0.82% 8,166,317 NYS: No mentions found.

Kraft KFT $28.46 -0.17 0.59% 5,944,258 NYSE: No mentions found.

McDonald's MCD $56.02 -0.25 0.44% 8,637,032 NYSE: No mentions found.

Merck MRK $30.33 -0.27 0.88% 10,770,215 NYSE: WSJ pB5 "Lilly Looks to Pipeline As Drug Patents Espire" says between 2010 and 2013, more than half of Lilly's current revenue will become exposed to generic competition because of US patent expirations on 4 of its 5 top drugs. CEO Lechleiter has ruled out a large scale merger, a path already taken by rivals PFE Pfizer and MRK Merck to solve their patent problems. PFE grabbed Wyether and MRK got Schering-Plough gaining access to fast growing products, promising research pipelines and opportunities for cost savings.

Microsoft MSFT $23.13 -0.29 1.24% 33,286,032 NASDAQ-GS: NYT pB7 "Microsoft to Put Office On PHones From Nokia" says MSFT and Nokia, long adversaries in mobile phone technology, have agreed to a partneship to equip Nokia cellphones with Microsoft Office software. It will be announced today in a conference. MSFT's Office line faces competitive threat from free Web based word processing, spreadsheet and other software, especially from Google. People are now using their smartphones to do tasks fromerly done on pc's. Nokia is the world's largest cellphone maker but is threatened by the iPhone from Apple and the BlackBerry by Research in Motion. Similar theme at WSJ pB3, "Microsoft and Nokia Reach a Mobile Agreement" where it says MSFT already makes a version of Office for devices running Windows Mobile, but there is also software from other companies that allow users to open Office files on BlackBerrys and other devices. WSJ pC12 "Yahoo Searches for an End to Its Dog Days" says Yahoo alienated much of Wall Street with the terms of its search deal with MSFT with the shares off 16% since the deal was announced but now it may be a buy according to the article.

Pfizer PFE $15.83 -0.08 0.5% 27,401,243 NYSE: WSJ pB5 "Lilly Looks to Pipeline As Drug Patents Espire" says between 2010 and 2013, more than half of Lilly's current revenue will become exposed to generic competition because of US patent expirations on 4 of its 5 top drugs. CEO Lechleiter has ruled out a large scale merger, a path already taken by rivals PFE Pfizer and MRK Merck to solve their patent problems. PFE grabbed Wyether and MRK got Schering-Plough gaining access to fast growing products, promising research pipelines and opportunities for cost savings.

Procter & Gamble PG $51.93 -0.24 0.46% 9,141,577 NYSE: No mentions found.

MMM $71.34 +0.43 0.61% 4,701,277 NYSE: No mentions found.

Travelers TRV $44.93 -1.49 3.21% 5,272,278 NYSE: No mentions found.

United TechUTX $55.77 -0.12 0.21% 5,457,406 NYSE : No mentions found.

Verizon VZ $30.6 -0.32 1.03% 9,717,224 NYSE: WSJ pB7 "Tech Journal Wireless Firms Dial Up Lobbyists - Verizon, AT&T Hope to Stave Off Regulatory, Congressional Action" says lawmakers are looking at a bunch of issues from exclusive handset deals to test messaging rates that court hurt the largest US wireless carriers such as VZ and T who are hiring lobbyists, mostly Republicans but VZ hired Brian Rice, the chief telecom aide to MAss Sen. John Kerry who chairs the Senate subcommittee that oversees wireless and Internet issues.

Wal-mart WMT $50.04 +0.32 0.64% 16,155,378 NYSE: NYT pB7 "Investors Sell Bank Shares Ahead of the Fed's Statement" says the Dow fell 96.50, its biggest drop since July 7to close at 9241.45 as investors worried that the market's steep gains in the last month would unravel if the economy failed to show more signs of strength and notes that BAC Bank of Am fell 0.83 or 0.5% to 15.85 and WMT Wal-Mart rose 0.32 to 50.04 as investors looked for safe haven investments. A story about the Balckberry at WSJ pD1 says it is sold at $49 at WMT. Inv Bus Daily pA5 "Corporate America Finding tweet Smell of Success on Twitter" says WMT used Twitter to keep its mroe than 2 million employees worldwide up to date on the week's worth of events at its Ark. headquarters that culminated with its annual shareholders meeting June 5 and uses itsfor other purposes such as announcing deals to customers.