10/27/09 Tues pm Dow Closes at 9882.17 up 14.21 or 0.14%

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Post #181 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. Towards the end of this Blog is a list of the Dow 30 CEO's, a ranking of the Dow 30 by market capitalization as of close of 10/12/09 and an update of the Dow 30's most recent SEC filings as of 10/12/09.

The Dow Jones Industrial Average closed Tuesday at 9882.17 up 14.21 or 0.14% from Monday's close of 9867.96. Of the 30 Dow Companies: 15 declined and 15 gained. The biggest gainer dollar-wise was Exxon XOM $74.91 +1.68 2.29% 29,969,520 NYSE and percentage-wise was American Express AXP $35.95 +1.07 3.07% 18,123,646 and the biggest decliner dollar-wise was 3M MMM $76 -0.82 1.07% 4,468,730 NYSE and percentage-wise was Alcoa AA $12.81 -0.47 3.54% 29,564,167 NYSE.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of market open Tuesday the Dow's trailing P/E ratio is 16.21 down from Monday's 16.38 (year ago was nil), the P/E estimate is 16.03 (1 year ago it was 9.93), and the dividend yield is 2.83 up from Monday's 2.80 (a year ago it was 3.98).

Tuesday's Dow Jones Industrial Average closing numerator was 1307.60 up 1.88 from Monday's closing Dow numerator of 1305.72. 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 of 1.88 for Tuesday by the divisor you get the increase of 14.21 in Tuesday's Dow close.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 43.59 up .07 from Monday's Dow Jones Industrial Average closing price of 43.52. The median closing price of Tuesday's Dow Jones Industrial Average was 39.93 up 0.58 from Monday's Dow Jones median closing price of 39.35.

The highest closing price Tuesday again was IBM $120.65 +0.54 0.45% 9,352,741 NYSE and the lowest closing price Tuesday again was Alcoa AA $12.81 -0.47 3.54% 29,564,167 NYSE.

The lowest volume Tueday was United Technologies NYSE and the highest volume again was Bank of Am BAC $15.45 +0.05 0.32% 268,631,631 NYSE.

If Tuesday 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 $210.
($130,770 - $130,560)

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

T $25.6 +0.29 1.15% 30,120,397 NYSE
AA $12.81 -0.47 3.54% 29,564,167 NYSE
AXP $35.95 +1.07 3.07% 18,123,646 NYSE
BAC $15.45 +0.05 0.32% 268,631,631 NYSE
BA $47.75 -0.54 1.12% 7,022,435 NYSE
CAT $56.69 -0.38 0.67% 10,501,550 NYSE
CVX $76.59 +1.14 1.51% 9,397,382 NYSE
CSCO $23.54 -0.16 0.68% 42,358,882 NASDAQ-GS
KO $53.46 +0.23 0.43% 7,198,350 NYSE
DIS $28.17 -0.48 1.68% 11,088,565 NYSE
DD $32.68 +0.26 0.8% 10,147,841 NYSE
XOM $74.91 +1.68 2.29% 29,969,520 NYSE
GE $14.93 -0.08 0.53% 86,692,024 NYSE
HPQ $47.3 -0.56 1.17% 9,927,790 NYSE
HD $26 0.10 -0.38% 15,944,847 NYSE
INTC $19.74 -0.09 0.45% 67,623,894 NASDAQ-GS
IBM $120.65 +0.54 0.45% 9,352,741 NYSE
JPM $43.9 +0.08 0.18% 37,654,179 NYSE
JNJ $60.02 -0.07 0.12% 10,135,110 NYSE
KFT $26.73 +0.03 0.11% 8,945,897 NYSE
MCD $59.02 -0.18 0.3% 8,262,258 NYSE
MRK $32.43 +0.41 1.28% 18,607,760 NYSE
MSFT $28.59 -0.09 0.31% 68,123,812 NASDAQ-GS
PFE $17.26 +0.14 0.82% 57,804,177 NYSE
PG $57.18 +0.28 0.49% 10,279,049 NYSE
MMM $76 -0.82 1.07% 4,468,730 NYSE
TRV $51.07 -0.17 0.33% 6,024,516 NYSE
UTX $64.09 -0.74 1.14% 5,537,784 NYSE
VZ $29.2 +0.56 1.96% 22,867,127 NYSE
WMT $49.87 +0.03 0.06% 15,421,712 NYSE
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The following appeared in Tues. morning's Blog:

A read of Tuesday's 10/7/09 print editions of: Wall Street Journal, New York Times, The Financial Times, USA Today, 10/19/09 issue of Securities Industry News, Atlanta Journal Constitution & Fulton Daily Report 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 closing price and related data:

Dow: The Dow Jones Industrial Average closed Monday at 9867.96 down 104.22 or 1.03% from Friday's close of 9972.18. Of the 30 Dow Companies: 27 declined and 3 gained. The biggest gainer dollar-wise and percentage-wise was Microsoft MSFT $28.68 +0.66 2.36% 124,019,871 NASDAQ-GS and the biggest decliner dollar-wise was Boeing BA $48.29 -1.60 3.21% 7,427,640 NYSE and percentage-wise was Bank of America BAC $15.4 -0.82 5.06% 375,773,441 NYSE NYSE.

WSJ pC1 "Dow tumbles 104.22, Down 2.1% in 2 Days, by Geoffrey Rogow, Donna Kardos Yesalavic says concerns about the strength of the recent rally and the ability of some banks to repay bailout funds sent stocks tumbling for the 2nd consecutive day, while commodities prices fell and Treasury yields rose to their highest level in 2 months. Bank of America led the Dow's slide in % terms, down 5.1%. An article in the Wall St. Journal on Sat. indicating that regulators want the bank to raise more capital to repay at least some of its $45 bil fed bailout, contributed to rumors of a secondary offering. JP Morgan Chase fell 3.1% among the biggest contributors to the decline in the Dow.

WSJ pC5 "Dow Sliders Include Bofa and Alcoa" by Geoffrey Rogow says bank capital worries that weighed on BofA and a drop in oil prices that hurt Alcoa, Chevron and other energy and materials firms sent the Dow Jones Industrial Average down more than 100 points. BofA led the index's decliners on concerns US regulators are pushing it to raise more capital. Also falling were other financial stocks such as J.P. Morgan Chase, off 3.1%.

NYT pB9 "Shares Sink on Jitters and Dollar's Rise" by AP says a strenthening dollar and worries about an overheated amrket pounded stocks on Mon. Shares started the day higher but turned sharply lower at midmorning as interest rates rose and a reboudn in the value of the dollar stalled a rally in commodities.

Fin Times p24 "Indices hit reverse with banking sector leading the retreat" by Aline van Duyn says Wall Street's positive mood lasted less than 2 hours Mon as weakness in the banking sector fed through to push major stock indices lower fro the second session in a row. Verizon Communications, the second largest US telecom company, did slightly better than forecast in the 3Q as it reduced costs by shedding workers and reported gains in mobile phone custoemrs, but profits were still lower so VZ shares were down 0.7%.

IBD pA1 "Stocks Give Up Gains, Close Lower In Mixed Volume" by Alan R. Elliott says the dollar and commodities seized center stage Mon. as stocks sold off.

USA Today p4B "Stocks fall as commodites rally stalls" by AP says a strengthening dolalr and worries about an overheated market pounded stocks on Mon.

The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged where it is also noted that as of market open Tuesday the Dow's trailing P/E ratio is 16.21 down from Monday's 16.38 (year ago was nil), the P/E estimate is 16.03 unchanged (1 year ago it was 9.93), and the dividend yield is 2.83 up from Monday's 2.80 (a year ago it was 3.98).

Monday's Dow Jones Industrial Average closing numerator was 1305.72 down 13.79 from Friday's closing Dow numerator of 1319.51. 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 of 13.79 for Monday by the divisor you get the decrease of 104.22 in Monday's Dow close.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 43.52 down 0.46 from Friday's Dow Jones Industrial Average closing price of 43.98. The median closing price of Monday's Dow Jones Industrial Average was 39.35 down 0.56 from Friday's Dow Jones median closing price of 39.91. The highest closing price Monday again was IBM $IBM $120.11 -0.25 0.21% 6,537,992 NYSE and the lowest closing price Friday again was Alcoa AA $13.28 -0.45 3.28% 30,917,331 NYSE. The lowest volume Monday was United Technologies UTX $64.83 -0.98 1.49% 5,456,677 NYSE and the highest volume again was Bank of Am BAC $15.4 -0.82 5.06% 375,773,441 NYSE.

If Monday 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 lost $1,380.
($131,940 -$130,560)

AT&T T $25.31 -0.42 1.63% 34,504,002 NYSE: WSJ pB3 "Verizon Profit Sinks as iPhone Dents Wireless Growth" by Roger Cheng (also reported at AJC p8) says Verizon Communications posted a 30% drop in its 3Q profits as rival AT&T and Apple Inc.'s iPHone took a bite out of Verizon's wireless growth. VZ's customer additions in 3Q fell to 1.3 mil from 2.1 mil a year earlier. The NY telecommunicaitons company has largely managed to keep pace with AT&T which has an exclusive deal to sell the iPhone in the US but fell behind int he latest quarter amid record sales of the Apple device as well as heightened low end competitive pressure. VZ's decreased addition of new wireless subscribers was due to a lack of new high profile devices. Verizon Wireless which is jointly owned by Vodafone Group PLC of Britain has remained insulated as customers clung to the service based largely on its rep for a sperior network. Pricing pressure continues to be a concern for the US wireless industry. T-Mobile USA, a unit of Deutsche Telekom AG, unveiled a series of cheaper pricing plans in an effort to reignite tis flagging subscriber growth. With a plan that costs as little as $50 a month with unlimited voice service and no long ter contract. VZ is looking for a better 4Q with a new version of the Blackberrry Storm and 2 devices running on Google's Android softwre. VZ is increasing its presence in the prepaid market. Wireless rev increased 24% to $15.8 bil, altho average rev per user declined 2.2%. Fixed line biz continues to decline. Businesses are laying off workers and have less need for phone lines and people are cancelling their home landlines. Vz's earnings fell to $1.18 bil or 41 cents a share from $1.67 bil or 59 cents a share a year earlier. Rev rose 10% to $27.27 bil. Wireline rev fell 4.8% to $11.6 bil. VZ is looking to its FiOS fiber optic service to provide growth with its tv and fast Internet service. VZ added 198,000 FiOS Internet customers and 191,00 tv custoemrs in 3Q. Video subscribers fell 185 from a year earlier and 36% from 2Q.

WSJ pB4 "Consumers Do Spend On Innovative Goods" by John Shipman, Paul Vigna says consumer spending isn't dead, its jsut becoming more selective. As 3Q ernings season rolls along, the ability to provide customers with new porducts is setting winners and losers apart. Businesses including Verizon Communications Inc. are squeezed by more innovative competitors. VZ posted a 30% drop in earnings, as iPHone tore into its wireless growth. What's troubling VZ is that it's being attacked from the high end, AT&T and Apple's iPHone, and at the low end, as rival wireless providers offer innovation through cheaper plans without long term contracts.

Alco AA $13.28 -0.45 3.28% 30,917,331 NYSE: WSJ pC5 "Dow Sliders Include Bofa and Alcoa" by Geoffrey Rogow says bank capital worries that weighed on BofA and a drop in oil prices that hurt Alcoa, Chevron and other energy and materials firms sent the Dow Jones Industrial Average down more than 100 points. BofA led the index's decliners on concerns US regulators are pushing it to raise more capital. Also falling were other financial stocks such as M>P> Morgan Chase, off 3.1%.

American Express AXP $34.88 +0.30 0.87% 17,916,487 NYSE: No mentions found.

Bank of America BAC $15.4 -0.82 5.06% 375,773,441 NYSE: WSJ pA20 "Rolling up the Tarp" is an editorial that says the Rroubled Asset Relief Program wille xpire on Dec. 31 unless Treasury Sec'y Timothy Geithner extends it to next Oct and the author hopes he doesn't. It says the $700 bil for banks has become an all purpose bailout fund. By insisting that BofA buy Merrill, Messrs. Paulson and Bernanke were in fact spreading systemic risk by stuffing a failing institution into a relatively sound one.

WSJ pC1 "Dow tumbles 104.22, Down 2.1% in 2 Days, by Geoffrey Rogow, Donna Kardos Yesalavic says concerns about the strength of the recent rally and the ability of some banks to repay bailout funds sent stocks tumbling for the 2nd consecutive day, while commodities prices fell and Treasury yields rose to their highest level in 2 months. Bank of America led the Dow's slide in % terms, down 5.1%. An article in the Wall St. Journal on Sat. indicating that regulators want the bank to raise more capital to repay at least some of its $45 bil fed bailout, contributed to rumors of a secondary offering. JP Morgan Chase fell 3.1% among the biggest contributors to the decline in the Dow.

WSJ pC5 "Bad News . . ." charts BofA saying a report that the bank had hit a snag in trying to repay TARP funds helped send stocks of other financial companies lower too.

WSJ pC5 "Dow Sliders Include Bofa and Alcoa" by Geoffrey Rogow says bank capital worries that weighed on BofA and a drop in oil prices that hurt Alcoa, Chevron and other energy and materials firms sent the Dow Jones Industrial Average down more than 100 points. BofA led the index's decliners on concerns US regulators are pushing it to raise more capital. Also falling were other financial stocks such as J.P. Morgan Chase, off 3.1%.

WSJ pC9 "For a Fidelity Fund, Bank Bets Pan Out" by Jon Kamp says Fidelity Dividend Growth Fund has ridden the wave of market recovery to outsize gains this year behind bets on rebounds among financial stocks and in other sectors. As of 9/30the top pick was Wells Fargo, followed by Bank of America, Pfizer and JP Morgan Chase.

Securities Industry News p1, "Bullish: BofA Integrates Merrill Lynch's Herd" by John Hintze says BofA snapped up Merrill Lynchfor $50 bil as the subprime mortgage mess battered its bottom line and wrecked the Bull's stock price. There was no time to examine Merrill's books. The story is a detailed discussion as to how BofA integrated Merrill's 17,000 brokers with BofA's 1,500 securities reps. The bullish article says Merrill's full array of products and services will become available to BofA Investments after the conversion which was scheduled to occur on 10/26 when BofA Investments legally becomes a part of Merrill Lynch Glboal Wealth management, the continuing brand for BofA's wealth management services.

Daily Report p5 "Lawyer's Merrill advice depended on the audience" by Sue Reisinger says a litigation partner at Wachtell, Lipton, Rosen & Katz, apparently was telling the Bank of America leadership one story about how difficult it would be escape from the merger with Merrill Lynch while singing quite a different tune to the fed gov according to emails released last week from the House committee on Oversightand Gov. Reform, which is investigating the merger.

Boeing BA $48.29 -1.60 3.21% 7,427,640 NYSE: NYT B2 "Bid Process for Air Force Tanker Is Criticized" by Christopher Drew says the battle over the Air Force's latest attempt to award a contract for aerial refueling tankers is heating up with the main competitors and their supporters in Congress calling for changes in the way the bids will be evaluated. The Pentagon has invited Northrop Grumman and its rival, Boeing, to air their concerns before it sets the final requirements for what will be a third attempt to replace its aging tanker fleet. Boeing claims that Northrop's partner, the European Aeronautic Defense and Space Company or EADS had benefited from improper subsidies on its Airbus planes.

Caterpillar CAT $57.07 -0.53 0.92% 9,791,895 NYSE: WSJ pB3 "Caterpillar to Trim 2,500 Employees" by Bob Tita says CAT will call back 550 laid-off employees back to work by the end of next year, but will permanently fire about 2,500 employees. The Peoria, Ill company said the additional workers are needed to meet an anticipated increase in orders in the coming months. CAT has aggressively slashed its production schedules and work force since late last year due to ailing production with sharply lower demand for the machiner in the weak global economy. The company has laid off more than 30,000 permanent and temp employees.

Related story at Fin Times p17 "Caterpillar rehiring adds to hopes of US recovery" by Hal Weitzman.

Chevron CVX $75.45 -1.23 1.6% 11,142,936 NYSE: WSJ pC5 "Dow Sliders Include Bofa and Alcoa" by Geoffrey Rogow says bank capital worries that weighed on BofA and a drop in oil prices that hurt Alcoa, Chevron and other energy and materials firms sent the Dow Jones Industrial Average down more than 100 points. BofA led the index's decliners on concerns US regulators are pushing it to raise more capital. Also falling were other financial stocks such as M>P> Morgan Chase, off 3.1%.

Cisco CSCO $23.7 -0.47 1.94% 45,675,950 NASDAQ-GS: WSJ pB1 "Silicon Valley Makes Bet Wit Ad Blitz" by Ben Worthen, Jessica E. Vascellaro says tech companies are launching big advertising campaigns as they wager on a pickup in biz spending and jockey to have their products stand apart in an environment where new customers are hard to find and competition is intensifying. Juniper Networks Inc. a maker of networking gear; is starting its first glboal campaign to raise awareness of its brand. Its bigger rival Cisco Systems Inc. last week launched a campaign promoting a line of products for small businesses and a new sysatem for corporate computer rooms. Microsoft Corp. tied a $300 mil ad blitz to the release of its Windows 7 operating system. Intel Corp, which in May kicked off a flurry of TV spots and online ads, is now launching a second wave of ads.

Coca-Cola KO $53.23 -0.01 0.02% 10,783,715 NYSE: No mentions found.

Disney DIS $28.65 -0.24 0.83% 13,255,664 NYSE: No mentions found.

DuPont DD $32.42 -0.81 2.44% 9,266,899 NYSE: No mentions found.

Exxon Mobil XOM $73.23- 0.34 0.46% 27,125,359 NYSE: WSJ pC1 "Investors May Be In for a Crude Correction" by Mark Gongloff says the recent surge in oil prices hasn't benefited Big Oil much, and the moment may be passing. ConocoPhilips reports earnings on Wed, Exxon Mobil and Royal Dutch Shell on Thurs. and Chevron on Friday. It is expected to be a tough quarter for the group because year ago comparisons will be brutal. In 3Q of '08 crude oil prices averaged $118 a barrel, lifting rev in exporation and production. Exxon's $14.83 bil in net income then set a record for profit from a recurring biz by a US company. But in 3Q of this year oil prices averaged $68 a barrel and analysts expect XM's income for the period to be less than half of the comparable quarter last year.

GE $15.01- 0.19 1.25% 96,199,180 NYSE: No mentions found.

Hewlett-Packard HPQ $47.86- 0.70 1.44% 11,215,353 NYSE: No mentions found.

Home Depot HD $26.1 -0.17 0.65% 17,851,210 NYSE: No mentions found.

Intel INTC $19.83 +0.05 0.25% 62,984,947 NASDAQ-GS: WSJ pB1 "Silicon Valley Makes Bet Wit Ad Blitz" by Ben Worthen, Jessica E. Vascellaro says tech companies are launching big advertising campaigns as they wager on a pickup in biz spending and jockey to have their products stand apart in an environment where new customers are hard to find and competition is intensifying. Juniper Networks Inc. a maker of networking gear; is starting its first glboal campaign to raise awareness of its brand. Its bigger rival Cisco Systems Inc. last week launched a campaign promoting a line of products for small businesses and a new sysatem for corporate computer rooms. Microsoft Corp. tied a $300 mil ad blitz to the release of its Windows 7 operating system. Intel Corp, which in May kicked off a flurry of TV spots and online ads, is now launching a second wave of ads.

WSJ pC1 "Galleon Judge Pushes the SEC" by Susan Pulliam, Kara Scannell says fed Judge Rakoff forces the civil case to proceed, complicating the criminal side and that could force the gov to tip its hand early in the burgeoning Galleon Group insider trading case that has ensnared execs at IBM and Intel.

Related story at Fin Times p3 by Joe Leahy, James Fontanella-Khan.

IBM $120.11 -0.25 0.21% 6,537,992 NYSE: WSJ pC1 "Galleon Judge Pushes the SEC" by Susan Pulliam, Kara Scannell says fed Judge Rakoff forces the civil case to proceed, complicating the criminal side and that could force the gov to tip its hand early in the burgeoning Galleon Group insider trading case that has ensnared execs at IBM and Intel.

Related story at Fin Times p3.

J.P. Morgan Chase JPM $43.82 -1.41 3.12% 42,064,558 NYSE: WSJ pC1 "Dow tumbles 104.22, Down 2.1% in 2 Days, by Geoffrey Rogow, Donna Kardos Yesalavic says concerns about the strength of the recent rally and the ability of some banks to repay bailout funds sent stocks tumbling for the 2nd consecutive day, while commodities prices fell and Treasury yields rose to their highest level in 2 months. Bank of America led the Dow's slide in % terms, down 5.1%. An article in the Wall St. Journal on Sat. indicating that regulators want the bank to raise more capital to repay at least some of its $45 bil fed bailout, contributed to rumors of a secondary offering. JP Morgan Chase fell 3.1% among the biggest contributors to the decline in the Dow.

WSJ pC9 "For a Fidelity Fund, Bank Bets Pan Out" by Jon Kamp says Fidelity Dividend Growth Fund has ridden the wave of market recovery to outsize gains this year behind bets on rebounds among financial stocks and in other sectors. As of 9/30the top pick was Wells Fargo, followed by Bank of America, Pfizer and JP Morgan Chase.

Johnson & Johnson JNJ $60.09 -0.45 0.74% 11,790,697 NYSE: No mentions found.

Kraft KFT $26.7 -0.35 1.29% 11,127,994 NYSE: No mentions found.

McDonald's MCD $59.2 -0.23 0.39% 9,013,504 NYSE: Fin Times A1 "Iceland's salad days are over as McDonald's bows out" by Drew Ward says McDonald's closed its 3 restaurants in Iceland and said that it had no plans to return due to the very challenging economic climate and the unique operational complexity of doing business in an island nation of just 300,000 people on the edge of the Article Circle. The European countries without a McDonald's includes Albania, Armenia, Bosnia and Herzegovina. Also reported at AJC p8.

Merck MRK $32.02- 0.41 1.26% 18,345,501 NYSE: No mentions found.

Microsoft MSFT $28.68 +0.66 2.36% 124,019,871 NASDAQ-GS: WSJ pB1 "Silicon Valley Makes Bet Wit Ad Blitz" by Ben Worthen, Jessica E. Vascellaro says tech companies are launching big advertising campaigns as they wager on a pickup in biz spending and jockey to have their products stand apart in an environment where new customers are hard to find and competition is intensifying. Juniper Networks Inc. a maker of networking gear; is starting its first global campaign to raise awareness of its brand. Its bigger rival Cisco Systems Inc. last week launched a campaign promoting a line of products for small businesses and a new sysatem for corporate computer rooms. Microsoft Corp. tied a $300 mil ad blitz to the release of its Windows 7 operating system. Intel Corp, which in May kicked off a flurry of TV spots and online ads, is now launching a second wave of ads.

Pfizer PFE $17.12 -0.13 0.75% 64,462,280 NYSE: WSJ pC9 "For a Fidelity Fund, Bank Bets Pan Out" by Jon Kamp says Fidelity Dividend Growth Fund has ridden the wave of market recovery to outsize gains this year behind bets on rebounds among financial stocks and in other sectors. As of 9/30the top pick was Wells Fargo, followed by Bank of America, Pfizer and JP Morgan Chase.

Procter & Gamble PG $56.9 -0.74 1.28% 10,404,180 NYSE: No mentions found.

3M MMM $76.82 -1 1.29% 3,881,252 NYSE: No mentions found.

Travelers TRV $51.24 -0.06 0.12% 6,702,365 NYSE: No mentions found.

United Technologies UTX $64.83 -0.98 1.49% 5,456,677 NYSE: No mentions found.

Verizon VZ $28.64 -0.21 0.73% 26,809,211 NYSE: WSJ pB3 "Verizon Profit Sinks as iPhone Dents Wireless Growth" by Roger Cheng (also reported at NYT pB9 & AJC p8) says Verizon Communications posted a 30% drop in its 3Q profits as rival AT&T and Apple Inc.'s iPHone took a bite out of Verizon's wireless growth. VZ's customer additions in 3Q fell to 1.3 mil from 2.1 mil a year earlier. The NY telecommunicaitons company has largely managed to keep pace with AT&T which has an exclusive deal to sell the iPhone in the US but fell behind int he latest quarter amid record sales of the Apple device as well as heightened low end competitive pressure. VZ's decreased addition of new wireless subscribers was due to a lack of new high profile devices. Verizon Wireless which is jointly owned by Vodafone Group PLC of Britain has remained insulated as custoemrs clung to the service based largely on its rep for a sperior network. Pricing pressure continues to be a concern for the US wireless industry. T-Mobile USA, a unit of Deutsche Telekom AG, unveiled a series of cheaper pricing plans in an effort to reignite its flagging subscriber growth. With a plan that costs as little as $50 a month with unlimited voice service and no long ter contract. VZ is looking for a better 4Q with a new version of the Blackberrry Storm and 2 devices running on Google's Android softwre. VZ is increasing its presence in the prepaid market. Wireless rev increased 24% to $15.8 bil, altho average rev per user declined 2.2%. Fixed line biz continues to decline. Businesses are laying off workers and have less need for phone lines and people are cancelling their home landlines. Vz's earnings fell to $1.18 bil or 41 cents a share from $1.67 bil or 59 cents a share a year earlier. Rev rose 10% to $27.27 bil. Wireline rev fell 4.8% to $11.6 bil. VZ is looking to its FiOS fiber optic service to provide growth with its tv and fast Internet service. VZ added 198,000 FiOS Internet customers and 191,00 tv custoemrs in 3Q. Video subscribers fell 185 from a year earlier and 36% from 2Q.

WSJ pB4 "Consumers Do Spend On Innovative Goods" by John Shipman, Paul Vigna says consumer spending isn't dead, its jsut becoming more selective. As 3Q ernings season rolls along, the ability to provide customers with new sporducts is setting winners and losers apart. Businesses including Verizon Communications Inc. are squeezed by more innovative competitors. VZ posted a 30% drop in earnings, as iPHone tore into its wireless growth. What's troubling VZ is that it's being attacked from the high end, AT&T and Apple's iPHone, and at he low end, as rival wireless providers offer innovation through cheaper plans without long term contracts.

Related stories at Fin Times p14 where Verizon ceo Ivan Seidenberg is quoted as saying that worrying about access line losses is "like the dog chasing the bus" and also at Fin Times p23 "Verizon enjoys smart growth" by Jonathan Birchall, Andrew Edgecliffe-Johnson.

WSJ pC10 "Verizon's Not so Big FiOS Rollout" by Martin Peers says Verizon likes to promote its tV service with the tagline "This is FiOS. This is Big." But in 3Q FiOS proved to be anything but. Net new additions for the FiOS TV service amounted to only 191,000 down from 300,000 in 2Q and the lowest since the 2Q of last year. The worry is FiOS's growth already is slowing as the network's rollout nears its end. The cost of signing up new FiOS customers is already pressuring margins at VZ's wireline arm which includes the shrinking landline phone biz. Operating income margins fell to 3.8% in 3Q from 8.6% a year earlier.

IBD pA4 "Verizon's Growth Slows In Wireless, TV" by Reinhardt Krause says iPhone Competitin took its toll and that wireless subscriber additions were way down from year ago as 3Q earnings decline.

Fin Times p24 "Indices hit reverse with banking sector leading the retreat" by Aline van Duyn says Wall Street's positive mood lasted less than 2 hours Mon as weakness in the banking sector fed through to push major stock indices lower fro the second session in a row. Verizon Communications, the second largest US telecom company, did slightly better than forecast in the 3Q as it reduced costs by shedding workers and reported gains in mobile phone custoemrs, but profits were still lower so VZ shares were down 0.7%.

Wal-Mart WMT $49.84 -0.60 1.19% 15,271,837 NYSE: No mentions found.
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Here are the CEOs of the Dow 30 Companies:

T Randall L. Stephenson
AA Klaus Kleinfeld
AXP Kenneth I. Chenault
BAC Kenneth D. Lewis (on 10/1 he announced his resignation as of year-end).
BA W. James McNerney, Jr.
CAT James W. Owens who will be replaced by Douglas Oberhelman in 2010.
CVX David O'Reilly who will be replaced by John Watson at year end.
CSCO John Chambers
KO Muhtar Kent
DIS Robert Iger
DD Ellen Kullman
XOM Rex W. Tillerson
GE Jeffrey R. Immelt
HPQ Mark Hurd
HD Frank Blake
INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPM Jamie Dimon
JNJ William C. Weldon
KFT Irene Rosenfeld
MCD Jim Skinner
MRK Robert Clark
MSFT Steve Ballmer
PFE Jeffrey Kindler
PG Bob McDonald
MMM George W. Buckley
TRV Jay S. Fishman
UTX Louis Chenevert
VZ Ivan Seidenberg
WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 10/12/09:

1. Exxon Mobil XOM $337
2. Microsoft MSFT 229
3. WalMart WMT 191
4. JPMorgan Chase 181
5. GE 174
6. Johnson & Johnson JNJ 172
7. Procter & Gamble PG 168
8. IBM 167
9. Bank of Am BAC 156
10. At&t T 151
11. Chevron CVX 148
12. Cisco CSCO 137
13. Coke KO 127
14. Pfizer PFE 115
15. Intel INTC 114
16. Hewlett-Packard HPQ 112
17. Verizon VZ 82
18. Merck MRK 69
19. McDonald's MCD 62
20. United Technologies UTX 58
21. Disney DIS 53
22. 3M MMM 52
23. Home Depot 46
24. American Express AXP 42
25. Kraft KFT 39
26. Boeing BA 38
27. Caterpillar CAT 33
28. DuPont DD 30
29. Traveler's TRV 28
30. Alcoa AA 14

Here are the latest SEC filings as of 10/12/09 other than ownership filings and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 10/2/09 11K Annual Report of employee stock purchase plan.

8/28/09 two 8K's, one announcing it had reached agreement with the Communications Workers of America (on a new, three-year contract covering approximately 7,000 wireline employees (located across the U.S.) under the CWA Communications and Technologies contract, subject to approval by these employees. The second 8K said two subsidiaries of AT&T redeemed certain long-term debt issues as of September 28, 2009.

Alcoa AA: 10/8/09 announcing financial results for the third quarter.

7/29/09 8K announcing that Alain J. P. Belda, executive Chairman of the Board of Directors of AA retired as an executive officer but is staying on as a director until April 23, 2010.

American Express AXP: 10/2/09 8K announcing departure of Alfred F. Kelly, Jr., as Pesident and head of AXP Global Consumer Group as of 4/10/09.

9/15/09 8K annoucing delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended June 30, July 31 and August 31, 2009.

9/2/09 10Q;

Bank of Am BAC: 10/9/09 several free writing prospectus regarding issuance of securities.

Boeing BA: 10/9/09 8K announcing the election to the Board and Audit & Fin. Committee of retired Admiral Edmund P. Giambastiani, Jr. former Vice-Chair of Joint Chiefs of Staff '05- '07.

10/6/09 8K announcing a charge to third quarter earnings in connection with delays in the 747-8 program.

9/15/09 8K announcing that pursuant to a 1978 SEC settlement, BA informed the SEC of a change in its policy re the appointment of foreign consultants and to whom they report.

8/31/09 8K announcing the retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer, Boeing Commercial Airplanes, effective January 1, 2010. Effective September 1, 2009, Mr. Carson will leave his current position and assume the role of Executive Vice President. Carson will be replaced by James F. Albaugh.

8/27/09 8K announcing a revised schedule for the 787 Dreamliner and a charge to third quarter earnings related to flight test aircraft.

Caterpiller CAT: 10/5/09 8K announcing price changes on most machines worldwide effective Jan. '10.

9/23/09 8K announcing a new credit agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., that provides for an unsecured aggregate revolving credit facility up to $2.38 billion that serves as an alternative source of funds, if necessary, for CAT's commercial paper programs.

9/21/09 8K furnishing supplemental information concerning deliveries to users for its Machinery and Engines lines of business. Caterpillar sells the majority of its machinery and engines to independently owned and operated dealers and Original Equipment Manufacturers to meet the demands of their customers, the end users. Retail Sales of Machines by marketing region for the 3-month rolling period compared with the same months of the prior year were down significantlly.

9/15/09 8K announcing CAT and Navistar International Corporation (NYSE: NAV)formed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market to be based in Chicago.

Chevron CVX: 10/8/09 8K announcing third quarter interim financial results.

9/30/09 8K announcing the retirement of CEO David J. OReilly who is being replaced by John S. Watson and the election to the Board as Vice-Chairman of George L. Kirkland.

8/6/09 10Q

Cisco CSCO: 10/5/09 8K announcing its offer to buy the Norwegian fimr Tandberg ASA for $3 bil.

9/23/09 Proxy Statement in connection with its Annual Meeting to be held 11/12/09.

9/11/09 10K.

9/9/09 8K Cisco appointed Arun Sarin, former CEO of Vodafone Group Plc, to its Board of Directors.

9/4/09 8K annoucing bonus payments for '09 fiscal year to: John T. Chambers, Chairman and Chief Executive Officer, $2,031,000; Frank A. Calderoni, Executive Vice President, Chief Financial Officer, $900,000; Willaim Elfrink, Executive Vice President, Cisco Services and Chief Globalization Officer, $1,000,000; Randy Pond, Executive Vice President, Operations, Processes and Systems, $900,000; and Richard J. Justice, former Executive Vice President, Worldwide Operations and Business Development and current Executive Vice President – Executive Advisor, $750,000.

Coke KO: 7/30/09 10Q

Disney DIS: 9/22/09 Form S-4 Proxy and 9/16/09 Prospectus related to the takeover of Marvel.

8/31/09 8K announcing a merger between its subsidiary, Maverick Acquisition Sub, Inc., and its subsidiary, Maverick Merger Sub, LLC, a single member Delaware limited liability company and Marvel Entertainment, Inc.. As a result of the Merger, Marvel will become a wholly owned subsidiary of Disney. Each share of Marvel common stock will be converted into $30 in cash and 0.7452 shares of Disney common stock.

DuPont DD: 10/7/09 8K regulation FD disclosure regarding comments made by Executive Vice President Mark Vergnano who said DuPont would return to its level of '08 profitability in 2 and a half years.

9/29/09 and 8/13/09 8Ks announcing Nicholas C. Fanandakis, age 53, Senior Vice President & Chief Financial Officer effective September 1, 2009 with an increase in annual salary from $387,708 to $500,000 and target short-term incentive award for 2009 will increase from $328,500 to $464,100. Mr. Fanandakis was named to his current position, Group Vice President- Applied BioSciences, in January 2008. Prior to that, he was vice president and general manager- DuPont Chemical Solutions Enterprise from September 2003 through September 2006 and vice president- Corporate Plans from October 2006 through December 2007. Jeffrey L. Keefer, EVP and Chief Financial Officer, will remain EVP and transition from the position of Chief Financial Officer to assume leadership responsibility for the DD's Performance Coatings business, corporate strategy development, Information Technology and overall cost and working capital productivity efforts effective November 1, 2009. Richard R. Goodmanson, EVP and Chief Operating Officer will retire effective September 30, 2009.

ExxonMobil XOM: 8/5/09 10Q

GE: 8/4/09 8K GE reached a settlement with the SEC & consented to a judgment of a fine of $50 million relating to four accounting matters arising in 2002 - 2003: the application of SFAS 133 to GE’s since-discontinued commercial paper hedging program and, separately, to certain swap derivatives where fees were paid or received at inception; a change in accounting for profits on spare parts in the commercial aviation engine business; and certain year-end transactions in the rail business.

Hewlett-Packard HPQ: 9/24/09 8K saying at its Securities Analyst Meeting, HPQ addressed how it is uniquely positioned to grow and expand in the global information technology market. “We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market,” said Mark Hurd, CEO.

9/17/09 8K announcing the election of Marc L. Andreessen as a dierctor and chair of the Technology Committee of the Board. Andreessen is a co-founder and general partner of Andreessen Horowitz, a venture capital firm, and a co-founder and chairman of Ning, Inc., an online platform for people to create their own social networks. Andreessen co-founded Opsware Inc. & served as chief technology officer of America Online, Inc. and was a co-founder of Netscape Communications Corporation. Andreessen gets an retainer of $100,000, an annual equity retainer of $150,000, and $2,000 in cash for each Board meeting attended in excess of six per year. Mr. Andreessen also will be eligible to participate in the product matching portion of the HP Employee Giving Program under which each non-employee director may contribute up to $100,000 worth of HP products each year to a qualified charity by paying 25% of the list price of those products, with HP paying the remaining 75%. In addition, Mr. Andreessen will receive an annual retainer of $10,000 for service as the chair of the Technology Committee. HPQ also increased the number of HPQ directors from ten to eleven.

9/8/09 10-QA

Home Depot HD: 9/3/09 10-Q

8/26/09 8K announcing amendments to their By-Laws dealing with resignations of directors.

Intel INTC: 10/8/09 amended the 9/21/09 tender offer regarding exchange of some of its stock options with its employees.

9/15/09 8K Intel announcing Intel's consolidation of all of its major product divisions into the newly formed Intel Architecture Group, which will be co-managed by Sean Maloney and David (Dadi) Perlmutter, executive vice presidents. Maloney will be responsible for business and operations while Perlmutter will lead product development and architecture. Paul Otellini, CEO, will devote more time to corporate strategy and driving the company’s growth initiatives. Intel’s global manufacturing organization, the Technology and Manufacturing Group will now report to Andy Bryant, Intel’s chief administrative officer. Pat Gelsinger and Bruce Sewell, General Counsel, will leave INTC.

IBM: 9/8/09 8K announcing that IBM representatives will be meeting with a number of institutional investors through mid-September.

7/28/09 10Q

JPMorganChase JPM: 10/9/09 Various free writing prospectus re: issuance of securities.

Johnson & Johnson JNJ: 8/4/09 10Q

Kraft KFT: 10/6/09 8K announcing the promotion of Kim H. Jones, 49, to VP & Corp. Controller.

9/9/09 prospectus relating to Kraft's bid to take over Cadbury that was announced on 9/7/09.

9/9/09 8K announcing a strategic update, including a review of the company’s successful three-year turnaround plan.

8/5/09 10Q

McDonalds MCD: 9/25/09 8K announcing a quarterly cash dividend of .55 cents per share payable 12/15/09.

9/9/09 8K announcing that global comparable sales rose 2.2% in August and by segment performance was as follows: U.S. up 1.7%; Europe up 3.5%; andAsia/Pacific, Middle East and Africa declined 0.5%.

8/11/09 re: press release "McDonald’s Reports Global Comparable Sales Up 4.3% in July"

Merck MRK: 9/21/09 8K announcing that the acquisition by Sanofi-aventis of Merck’s 50percent interest in Merial Limited (Merial) has been completed. Sanofi-aventis acquired Merck’s interest in Merial for a cash consideration of $4 billion. Formed in 1997, Merial is a leading animal health company that was a 50/50 joint venture between Merck and sanofi-aventis and is now a wholly-owned subsidiary of sanofi-aventis.

8/3/09 Sched 14A proxy material re: updated of acquisition of Schering-Plough.

Microsoft MSFT: 10/6/09 Proxy Statement regarding the Shareholders Annual Meeting to be held in Bellevue, Washington on 11/19/09.

9/11/09 8K James Cash to retire from Board of Directors. The
Harvard Business School professor and senior associate dean emeritus had served on the board since 2001. With Cash’s departure, the Microsoft board will have nine members: Bill Gates, chairman of Microsoft; Steve Ballmer; Dina Dublon, former chief financial officer of JPMorgan Chase; Raymond V. Gilmartin, former chairman, president and chief executive officer of Merck & Co. Inc.; Reed Hastings, founder, chairman and CEO of Netflix Inc.; Maria M. Klawe, president, Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of AT&T Corp.; and Dr. Helmut Panke, former chairman of the board of management at BMW AG.

8/24/09 S-8 Securities to be offered to employees in employee benefit plans

Pfizer PFE: 9/24/09 8K announcing the expansion of the Board to 14 members pursuant to the agreement to merge with Wyeth and electing two Wyeth directors to the newly expanded Board: Frances D. Fergusson and John P. Mascotte.

9/24/09 11-K Annual Report of Employee Stock Option Plan.

9/2/09 8K announcing an agreement with the U.S. Department of Justice to settle an investigation regarding off-label promotional practices related to Bextra, which Pfizer withdrew from the market in 2005 and other DOJ investigations involving off-label promotional practices concerning Zyvox, Geodon and Lyrica, and allegations related to payments to healthcare professionals involving these and nine other Pfizer medicines. Pfizer previously disclosed a related $2.3 billion charge to its fourth-quarter and full-year 2008 earnings in connection with the DOJ agreement in principle on January 26, 2009. PFE has reached agreements with attorneys general in 432 states to settle state civil consumer protection allegations regarding promotional practices concerning Geodon. PFE will pay a total of $33 million to the settling states.

Procter & Gamble PG: 11K Annual Report of Employee Stock Purchase Plan.

9/10/09 8K confirmed its fiscal year 2010 and July – September quarter outlook for organic sales growth. The company also stated it expects to return to organic sales growth in the October – December quarter compared to prior year levels, following two quarters of organic sales declines. P&G also updated earnings per share guidance to include the anticipated impacts from the Pharmaceutical divestiture, which was announced on August 24, 2009. For fiscal year 2010, P&G confirmed previous guidance for organic sales growth of one to three percent. P&G expects net sales in the range of flat to up three percent versus prior year levels, which includes a foreign exchange impact of zero to minus one percent. P&G now expects fiscal 2010 earnings per share in the range of $3.99 to $4.12 per share. This includes a one-time net increase in earnings of $0.44 per share from the sale of the Pharmaceutical business, which will be partially offset by $0.10 to $0.12 per share of earnings dilution related to the transaction.

8/28/09 S-8 Securities to employees and 8/28 8K annoucning public offering of $500,000,000 aggregate principal amount of 3.150% Notes due 2015.
Also a PG subsidiary, Procter & Gamble International Funding SCA issued $1,000,000,000 aggregate principal amount of 1.350% Notes due 2011.

3M MMM: 8/5/09 3M contributed 8,329,862 shares of its common stock with a corresponding dollar value of approximately $600 million to its defined benefit pension plan, the 3M Employee Retirement Income Plan, made from treasury stock.

Travelers TRV: 8/5/09 10Q/A Amended 10Q

United Technologies UTX: 7/24/09 10Q

Verizon Communications Inc. VZ: 8K 9/11/09 8K announcing VZ's cash flow and balance sheet are strong, and VZ recently increased its dividend for the third consecutive year. VZ is not planning for any economic improvements in the second half of 2009. Verizon expects that economic conditions will continue to pressure revenues and margins in the second half of 2009, particularly in its Wireline segment. VZ expects to add one million wireless customers per quarter for the next several quarters.
The company expects to achieve its stated Alltel cost synergy targets & greater cash flow from operations in the second half of 2009 compared to the first half of 2009.

9/4/09 8K VZ raised its quarterly dividend 3.3% to 47.5 Cents per Share. This is the third consecutive year that VZ has approved a quarterly dividend increase in September.

9/4/09 8K annoucning retirement of Dennis F. Strigl, President and Chief Operating Officer of Verizon Communications Inc.

Wal-Mart WMT: 8K 9/18 Pricing agreement re: the 9/16 filed prospectus relating to $1 bil of Euro Note Offering at 4.875%

9/14/09 Prospectus re debt securities of $364,600,000

9/9/09 10Q

8/13/09 8K re 7/31/09 2Q report of earnings