2/17/10 Wed. pm Dow Closes 10,309.24 up 40.43 or 0.39%

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Post #299 The following is brought to you by Intellivest Securities Research, Inc. Towards 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 2/1/10 and an update of the Dow 30 component's most recent SEC filings as of 2/1/10.

The Dow Jones Industrial Average closed Wednesday at 10,309.24 up 40.43 or 0.39% from Tuesday's close of 10,268.81. Of the 30 Dow Companies: 19 gained and 11declined. The biggest gainer dollar-wise was IBM $126.33 +1.10 0.88% 5,827,357 NYSE and percentage-wise was Bank of America BAC $15.66 +0.50 3.3% 261,541,836 NYSE . The biggest decliner dollar-wise and percentage-wise was American Express AXP $39.05- 0.57 1.44% 9,849,997 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 0.132319125 unchanged, the trailing P/E ratio is 16.19 down from Tuesday morning's 16.36 (year ago it was 17.94) the P/E estimate is 12.85 unchanged from Tuesday's 12.85 (year ago it was 12.00) and the current dividend yield is 2.65 down from Tuesday's 2.70 (it was 4.14 a year ago).

Wednesday's Dow Jones Industrial Average closing numerator was 1364.11 up 5.35 from Tuesday's closing Dow numerator of 1,358.76. 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 of 5.35 for Wednesday by the divisor you get the increase in Wednesday's Dow close of 40.43. 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 $45.47 up 0.18 from Tuesday's Dow Jones Industrial Average closing price of $45.29. The median closing price of Wednesday's Dow Jones Industrial Average was 39.55 down 0.50 from Tuesday's median closing price of 40.05. The lowest volume was 3M MMM $80.14 -0.33 0.41% 3,095,120 NYSE and the highest volume again was Bank of America BAC $15.66 +0.50 3.3% 261,541,836 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 $640 ($136,410 - $135,870).

MarketWatch By Peter McKay Wed. 4:31 pm says U.S. stocks get lift from U.S. housing data, recent earnings. U.S. stocks surge on U.S. data, Europe confidence. U.S. stocks posted a second-straight gain Wednesday, boosted by strong profit reports and economic data that reinforced investors' newfound preference for the U.S. over Europe as a venue to put their money to work. That attitude also boosted the dollar, marking a rare instance of the currency rallying in tandem with stocks and some commodities, notably oil. The gains were limited, but investors were happy for whatever they could get, considering the recent trend in which strength in the greenback has often signaled an appetite for safe havens. The Dow Jones Industrial Average (INDU 10,309, +40.51, +0.39%) rose 40.43 points, or 0.4%, to 10,309.24, putting its two-day gain at 210 points. The S&P 500 (SPX 1,100, +4.64, +0.42%) posted a 0.4% gain, with its consumer and health-care categories leading the way.
Whole Foods Market Inc.'s (WFMI 34.25, -0.10, -0.29%) shares helped boost the consumer-staples sector. The grocer's stock jumped nearly 13% after reporting a 71% rise in fiscal first-quarter profit, topping Wall Street expectations. Deere Co. (DE 56.45, -0.03, -0.05%) shares rose 5% after it posted a surprise 19% rise in earnings that beat market expectations. Deere also lifted its profit forecast for the year. The Nasdaq Composite (COMP 2,226, +12.10, +0.55%) and the Russell 2000 gained 0.6% each. Heavy debt loads of some of the euro bloc's 16 members remained a source of concern, however, after Italy's audit court said derivative contracts taken out by Italian municipalities could jeopardize local public finances for decades. Amid the worries, the euro turned lower against the dollar. One euro cost $1.3609, down from $1.3769 late Tuesday. The U.S. Dollar Index (DXY 80.57, +0.19, +0.24%) gained 0.9%. Market watchers said they expect the euro zone would do what is necessary to protect the common currency and the countries bound together by it.
In the U.S., the minutes of the Federal Reserve rate committee's January meeting showed officials were slightly more confident that a recovery is taking hold. They also plotted an exit from their longstanding easy-money policies. Though traders aren't thrilled that tighter Fed policy may be on the way, they've generally accepted it as a byproduct of a welcome upturn in the U.S. economy.

On the Dow, Bank of America Corp.(BAC 15.63, -0.03, -0.19%) was the measure's best performer, extending its gains from Tuesday with a 3.3% rise.

Home Depot Inc. (HD 30.00, -0.02, -0.07%) added 2%, as housing starts rose to their highest level in six months, while Caterpillar Inc. (CAT 57.56, +0.06, +0.10%) advanced 0.7% as a report on industrial production topped expectations.

Humana Inc. (HUM 46.66, +0.02, +0.04%) among the health-care sector's gainers on the S&P 500. The health insurer's shares rose 1.4% after it said it would shed nearly 1,400 jobs, or 5% of its work force, this year.

Toyota Motor Corp. (TM 74.60, +0.45, +0.61%) shares slipped 2.5% after saying it was looking into complaints about possible mechanical issues with its Corolla model. In other markets, Treasury prices dropped, with the 10-year note off 21/32 to yield 3.742%. Crude-oil futures edged up to $77.33 a barrel, while the April gold contract topped $1,120 per ounce in New York.

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

AT&T T $25.4 +0.08 0.32% 19,506,412 NYSE
Alcoa AA $13.6 -0.14 1.02% 26,052,728 NYSE
American Express AXP $39.05- 0.57 1.44% 9,849,997 NYSE
Bank of America BAC $15.66 +0.50 3.3% 261,541,836 NYSE
Boeing BA $61.82+ 0.56 0.91% 4,116,171 NYSE
Caterpillar CAT $57.5 +0.38 0.67% 8,454,108 NYSE
Chevron CVX $72.84 -0.15 0.21% 8,728,002 NYSE
Cisco CSCO $24.07 +0.07 0.29% 48,507,156 NASDAQ-GS
Coca-Cola KO $55.33 +0.51 0.93% 8,532,286 NYSE
Disney DIS $30.86 +0.39 1.28% 9,768,588 NYSE
DuPont DD $33.13 +0.39 1.19% 6,940,951 NYSE
ExxonMobil XOM $65.76 -0.52 0.78% 21,822,728 NYSE
GE $16.15 +0.11 0.69% 60,553,867 NYSE
Hewlett-Packard HPQ $50.12 +0.68 1.38% 23,481,276 NYSE
Home Depot HD $30.02 +0.58 1.97% 21,524,574 NYSE
Intel INTC $20.66 -0.06 0.29% 47,296,651 NASDAQ-GS
IBM $126.33 +1.10 0.88% 5,827,357 NYSE
J.P.Morgan Chase JPM $40.04 -0.03 0.07% 34,650,608 NYSE
Johnson & Johnson JNJ $63.98 +0.37 0.58% 9,485,408 NYSE
Kraft KFT $28.63 -0.34 1.17% 24,839,413 NYSE
McDonald's MCD $64.26 +0.25 0.39% 5,424,589 NYSE
Merck MRK $37.34 -0.32 0.85% 11,961,247 NYSE
Microsoft MSFT $28.59 +0.24 0.85% 45,882,842 NASDAQ-GS
Pfizer PFE $17.67 -0.05 0.28% 58,260,429 NYSE
Procter & Gamble PG $62.85 +0.02 0.03% 14,384,373 NYSE
3M MMM $80.14 -0.33 0.41% 3,095,120 NYSE
Travelers TRV $51.75 +0.14 0.27% 4,512,749 NYSE
United Technologies UTX $67.35 +1.02 1.54% 5,988,692 NYSE
Verizon VZ $29.14 -0.04 0.14% 13,421,278 NYSE
WalMart WMT $54.06 +0.50 0.93% 15,534,113 NYSE
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The following are excerpts from Wed. morning's Blog:

A read of Wednesday's print editions of: The Wall Street Journal, The New York Times, USA Today, & New Orleans Times-Picayune 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: The Dow Jones Industrial Average closed Tuesday at 10,268.81 up 169.67 or 1.68% from Friday's close of 10,099.14. Of the 30 Dow Companies: 28 gained and 2 (Kraft and Pfizer) declined. The biggest gainer dollar-wise was Chevron CVX $72.99 +1.98 2.79% 14,213,696 NYSE and percentage-wise was Bank of America BAC $15.16 +0.71 4.91% 204,566,229 NYSE . The biggest decliner dollar-wise was Kraft KFT $28.97 -0.12 0.41% 54,147,751 NYSE and percentage-wise was Pfizer PFE $17.72 -0.08 0.45% 63,269,741 NYSE.

WSJ pC1 "Growth Spurt: Dow Surges 169.67" by Peter A. McKay says stocks posted their biggest gain in 3 months, commodities jumped and the euro soared amid improving US economic data and rising confidence in Europe's efforts to help Greece. BofA rose 4.9% after it reported significant gains in the number of modified mortgages it handles through the gov's Home Affordable Modification Program.

WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

NYT pB9 "Shares Gain as Merck Reports Strong Results" by Reuters says stocks posted their biggest daily percentage gain in 3 month on Tues after strong rev from Merck and positive regional manufacturing data instilled confidence in the economic outlook.

USA Today p4B "Brighter economic news boosts stocks" by AP says signs that the economy is strengthening gave investors a surge of optimism and sent stocks sharply higher Tues. Kraft Foods and Abercrombie & Fitch reported earnings that beat expectations, while Merck said profits jumped after it bought its longtime partner Schering-Plough.

Tuesday's Dow Jones Industrial Average closing numerator was 1358.76 up 22.45 from Friday's closing Dow numerator of 1,336.31. 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 22.45 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 169.67. 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 $45.29 up 0.75 from Friday's Dow Jones Industrial Average closing price of $44.54. The median closing price of Tuesday's Dow Jones Industrial Average was 40.05 up 0.36 from Friday's median closing price of 38.69 The lowest volume was 3M MMM $80.47 +1.29 1.63% 3,619,048 NYSE NYSE and the highest volume again was Bank of America BAC $15.16 +0.71 4.91% 204,566,229 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 $1,650 ($135,870 - $134,220 ).

Market Watch online Feb. 16, 2010, 4:38 p.m. "Dow average posts triple-digit rise as Europe fears abate; Bank, energy stocks rally; housing and business data help sentiment" by Peter McKay says stocks jumped on Tuesday, aided by improving U.S. economic data and rising confidence in Europe's efforts to help heavily indebted Greece.

The Dow Jones Industrial Average's (INDU 10,269, +169.75, +1.68%) gains mounted steadily throughout the session, and the blue-chip indicator ended with a 169.67-point gain, up 1.7%, at 10,268.81, within 11 points of its daily high. The Dow's strongest component by far was Bank of America Corp. (BAC 15.19, -0.01, -0.07%) , whose shares surged 4.9% after it reported "significant gains" in the number of modified mortgages it handles through the government's Home Affordable Modification Program. Also, it reported better payment performance on its credit card loans last month. BofA's share gains helped to boost the broader financial sector, as did a better-than-expected quarterly earnings report from Barclays Plc . The British banking giant's American depositary shares soared 13.7%. In economic news, the Federal Reserve Bank of New York's Empire Manufacturing Survey showed conditions for New York manufacturers improved sharply in February. Its business conditions index rose to 24.91 this month, from 15.92 in January. Economists had expected a reading of 16.0 in February. The National Association of Home Builders said its monthly index of U.S. builder confidence grew in February, recovering form a seven-month low. However, the measure is still at levels signaling worry in the housing sector. Tuesday's focus on the U.S. shifted investors' attention away from Europe, where meetings over the past two days provided more visibility regarding the European Union's coordination to stabilize Greece. Traders have become content that the EU will back up any of its members before their woes spread too widely through the world economy. Read more on Greece. The Nasdaq Composite Index rose 1.4% on Tuesday. The S&P 500 climbed 1.8%, helped by gains in all its sectors. The strongest were energy, which rose 2.7% due to a rally in oil prices; financials, up 2.5%; and materials, up 2.5%, thanks to a weakening dollar.
Some traders cautioned that Tuesday's gains, though impressive, weren't accompanied by the sort of robust volume that tends to confirm widespread confidence in stocks to fuel continued gains. Composite volume in New York Stock Exchange-listed companies hit 4.2 billion shares, below the daily average around 5 billion for 2010 so far. The dollar fell as investors took on risk. That helped the prices of raw materials, pushing the broad Dow Jones-UBS Commodity Index up 2.5%. April gold ended $29.80 an ounce higher at $1,119.80 an ounce. The dollar's slide and renewed tension over Iran's nuclear ambitions boosted crude-oil futures. Futures rose almost $3 to top $77 a barrel. Among stocks to watch, Merck & Co. (MRK 37.55, -0.11, -0.29%) shares gained 2% after the company's fourth-quarter profit and sales rose sharply on its recent takeover of Schering-Plough. Treasurys firmed. The 10-year note climbed 8/32 to yield 3.665%. Read more on bonds.

AT&T T $25.32 +0.25 1% 25,896,699 NYSE: WSJ pB4 "Verizon Opens Its network to Skype Calling Service" by Roger Cheng says Verizon Wireless struck a partnership with Skype to offer the free Internet calling service on some of its smart phones, the latest sign hhe biggest US carrier is willing to sacrifice voice rev to lure customers willing to pay for data service. This comes a few weeks after Verizon Wireless and rival AT&T dropped prices for their unlimited calling plans by $30 but tacked on requirements for data services for smartphone users. Most telecom firms have been agaisnt allowing Internet calls to run across their cellular networks, because a Skype call would use a customer's unlimited data plan rather than voice minutes.

Alcoa AA $13.74 +0.46 3.46% 37,104,362 NYSE: WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

American Express AXP $39.62 +1.20 3.12% 10,931,138 NYSE: No mentions found.

Bank of America BAC $15.16 +0.71 4.91% 204,566,229 NYSE: WSJ pC1 "Growth Spurt: Dow Surges 169.67" by Peter A. McKay says stocks posted their biggest gain in 3 months, commodities jumped and the euro soared amid improving US economic data and rising confidence in Europe's efforts to help Greece. BofA rose 4.9% after it reported significant gains in the number of modified mortgages it handles through the gov's Home Affordable Modification Program.

WSJ pC4 "Hartford Taps Christopher Swiftz as CFO" by Kthy Shwiff and he will report to he CEO of Hartford Financial Services Group, Liam McGee, a former head of consumer banking at Bank of America.

WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

Boeing BA $61.26 +1.61 2.7% 4,268,159 NYSE: No mentions found.

Caterpillar CAT $57.12 +0.92 1.64% 7,363,745 NYSE: No mentions found.

Chevron CVX $72.99 +1.98 2.79% 14,213,696 NYSE: WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

Cisco CSCO $24 +0.24 1.01% 46,748,425 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.82 +0.84 1.56% 9,669,422 NYSE: No mentions found.

Disney DIS $30.47 +0.40 1.33% 9,061,563 NYSE: WSJ pB6 "Icahn Seeks To Lift Lion's Gate Stake" by Lauren A.E. Schuker says Carl Icahn tried to increase his stake in Lions Gate Entertainment Corp to 30% but the move cold provoke consequences for the studio because it could trigger a change in control provision which would cause a default under its loan agreements. Also, the studio is considering buying the film libraries of Disney's Miramax and also MGM which could be disrupted.

DuPont DD $32.74 +0.46 1.43% 8,566,936 NYSE: No mentions found.

ExxonMobil XOM $66.28 +1.48 2.28% 30,488,451 NYSE: WSJ pB3 "Exxon Adds 2 Bil Barrels to Reserves" by Angel Gonzalez says Exxon Mobil Corp. led by natural gas projects, added 2 bil barrels of oil equivalent to its proved reserves in '09, replacing 133% of its production that year. However, it found fewer new oil deposits than it depleted last year.

NYT pB1 "More Deals Expected in Energy" by Jad Mouawad says after a 2 year slowdown in m & a in the energy industry, firms are now looking for acquisitions to expand their reserves, buy new tech or snap up promising oil and gas fields. But it won't be the big firms like Exxon and ConocoPhillips but smaller firms. While the number of transactions was down last year, the size of the Exxon-XTO deal helped raise the total value of last year's mergers to $144 bil.

GE $16.04 +0.49 3.15% 69,233,963 NYSE: No mentions found.

Hewlett-Packard HPQ $49.44 +0.98 2.02% 14,676,660 NYSE: WSJ pC1 "Seeking HP Results Among the Printouts" by Justin Scheck says HP reports earnings today and its printing division which once provided most of its profits via high profit ink sales will be closely watched because it is seen as an area ripe for improvement. HP is a bellwether because of its presence in businesses from computers to tech services to printing. It has weathered the recession better than some of its competitors. Analysts expect quarterly rev of $30 bil, up from $28.8 bil a year ago.

Home Depot HD $29.44 +0.44 1.52% 13,266,992 NYSE: No mentions found.

Intel INTC $20.72 +0.29 1.42% 68,738,678 NASDAQ-GS: No mentions found.

IBM $125.23 +1.23 0.99% 6,777,265 NYSE: No mentions found.

J.P.Morgan Chase JPM $40.07 +1.12 2.88% 46,185,158 NYSE: WSJ pC16 "JPMorgan Hedges on Volcker Rule" by Liam Denning says JPM is buying the European and Asian arms of Sempra Energy's commodities trading jv with Royal Bank of Scotland for $1.7 bil even though it comes at a time when there are critics saying big banks should not get so big they are too big to fail, known as the Volcker Rule.

Johnson & Johnson JNJ $63.61 +0.89 1.42% 10,197,788 NYSE: No mentions found.

Kraft KFT $28.97 -0.12 0.41% 54,147,751 NYSE: WSJ pB2 "Kraft's Profit Rose in Fourth Period" by Anjali Cordeiro, Tess Stynes & NYT pB5 "Kraft Profit Climbs on Sales in Emerging Markets" by AP say Kraft Foods Inc. reported a jmp in its 4Q profit amid moderating commodity prices and efforts to slash costs, and the firm siad it will push to bring down its det levels in coming months. Kraft reported a profit of $710 mil, or 48 cents a share, up from $178 mil or 12 cents a share a year earlier. Rev increased 3.2% to $11.03 bil. At its US cheese business rev fell 14% due to lower prices as it passed along reduced dairy costs.

WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

McDonald's MCD $64.01 +0.42 0.66% 7,079,173 NYSE: No mentions found.

Merck MRK $37.66 +0.74 2% 20,768,986 NYSE: WSJ pB3 "Schering-Plough Deal Boosts Merck's Profit" by Peer Loftus & NYT pB5 "In Wake of Merger, Merck Beats Forecasts" by Reuters say Merck & Co.'s 4Q profit and sales rose sharply on its recent takeover of Schering-Plough, while it laid out plans to cut 15% of its work force in order to generate promised cost savings from the deal. Merck closed its $41 bil acquisition of Schering-Plough in Nov designed to address Merck's thin late stage research pipeline and patent expirations for top selling drugs and to diversity its product lineup and generate cost savings. 4Q sales increased by 67% to $10.09 bil. Its 4Q profit rose to $6.49 bil or $2.35 a share, from $1.64 bil or 78 cents a share a year earlier.

WSJ pC5 "BofA, Alcoa Advance; Terra Soars on Buyout" by Donna Kardos Yesalavich says stocks climbed, with Alcoa, Chevron and Exxon Mobil among the gainers as worries over the European debt crisis eased and a report showed improvements in NY area manufacturing. BofA reported a lower write off rate for its credit card unit than in Dec. and is charted under "Good News." Merck also helped lift the Dow as its 4Q profit and sales rose on its recent takeover of Schering-Plough. Kraft was among the few decliners. Its 4Q earnings soared on lower restructuring costs as well as hedging gains but rev fell short of analysts' expectations.

NYT pB9 "Shares Gain as Merck Reports Strong Results" by Reuters says stocks posted their biggest daily percentage gain in 3 month on Tues after strong rev from Merck and positive regional manufacturing data instilled confidence in the economic outlook.

USA Today p4B "Brighter economic news boosts stocks" by AP says signs that the economy is strengthening gave investors a surge of optimism and sent stocks sharply higher Tues. Kraft Foods and Abercrombie & Fitch reported earnings that beat expectations, while Merck said profits jumped after it bought its longtime partner Schering-Plough.

Microsoft MSFT $28.35 +0.55 1.98% 51,695,696 NASDAQ-GS: WSJ pD7 "The Mossberg Solution" by Katherine Boehret says its impossible to use a computer without running into a social network and now Google Buzz joined this trend by integrating social networking into email. Microsoft and Yahoo already incorporate social networking into their Web email in Windows Live Hotmail and Yahoo Mail, respectively.

Pfizer PFE $17.72 -0.08 0.45% 63,269,741 NYSE: No mentions found.

Procter & Gamble PG $62.83 +1.07 1.73% 13,251,998 NYSE: No mentions found.

3M MMM $80.47 +1.29 1.63% 3,619,048 NYSE: No mentions found.

Travelers TRV $51.61 +1.16 2.3% 5,379,058 NYSE: No mentions found.

United Technologies UTX $66.33 +0.64 0.97% 6,283,651 NYSE: No mentions found.

Verizon VZ $29.18 +0.25 0.86% 11,678,498 NYSE: WSJ pB4 "Verizon Opens Its network to Skype Calling Service" by Roger Cheng says Verizon Wireless struck a partnership with Skype to offer the free Internet calling service on some of its smart phones, the latest sign hhe biggest US carrier is willing to sacrifice voice rev to lure customers willing to pay for data service. This comes a few weeks after Verizon Wireless and rival AT&T dropped prices for their unlimited calling plans by $30 but tacked on requirements for data services for smartphone users. Most telecom firms have been agaisnt allowing Internet calls to run across their cellular networks, because a Skype call would use a customer's unlimited data plan rather than voice minutes.

WalMart WMT $53.56 +0.66 1.25% 15,766,681 NYSE: No mentions found.
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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 2/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $318 [5]
2. Microsoft MSFT 252 [9]
3. WalMart WMT 203 [4]
4. Chevron CVX 180 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 173 [10.5]
8. IBM 164 [1.5]
9 JPMorgan Chase 156 [4]
10. Pfizer PFE 152 [8]
11. AT&T 150 [6]
12. BAC 134 [8.5]
13. Cisco CSCO 131 [6]
14. Coke KO 126 [2]
15. Hewlett-Packard HPQ 113 [2]
16. Intel INTC 108 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 84 [3]
19. Merck MRK 81 [2]
20. United Technologies UTX 63 [1]
21. 3M MMM 57 [.5]
22. Disney DIS 57 [2]
23. Home Depot 48 [2]
24. American Express AXP 45 [1]
25. Boeing BA 45 [1]
26. Kraft KFT 41 [1.5]
27. Caterpillar CAT 33 [.5]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 2/1/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses 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: 1/29/10 8K re: 29,500 employees represented by Communications Workers of America District 3 failed to ratify the tentative labor agreement announced on December 14, 2009.

1/28/10 8K re: 4Q earnings were $0.51 per diluted share compared with $0.41 per share for the 4Q '08. 4Q net income was $3.0 bil compared with $2.4 bil for 4Q '08. Reported earnings for the full year '09 were $2.12 per diluted share, down from $2.16 per share for the full year '0 &net income for '09 was $12.5 bil, down from $12.9 bil for '08.

Alcoa AA: 1/27/10 8K re: contributions to pension plan of stock.

1/25/10 8K re: quarterly dividend on Alcoa’s common stock and preferred stock and that a contribution was authorized of up to $600 million in Alcoa common stock to Alcoa’s defined benefit pension plans.

1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

American Express AXP: 1/25/10 8K re: increases to the annual base salaries Kenneth I. Chenault, Chairman & CEO from $1,250,000 $2,000,000; Edward P. Gilligan, Vice Chairman from $1,100,000 to $1,450,000; Stephen J. Squeri, Group President – Global Services & Chief Information Officer from $750,000 to $1,000,000; and Daniel T. Henry, Exec. VP & CFO from $700,000 to $850,000.

1/21/10 8K re: 4Q EPS of $0.59, up from $0.26 a year ago & other fin'l results.

1/15/10 8K re: owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months of Oct., Nov. and Dec. '09.

Bank of Am BAC: 1/20/10 8K re: '09 net income of $6.3 bil, compared with net income of $4.0 bil '08. Including preferred stock dividends & the negative impact from the repayment of the U.S. gov’s $45 billion preferred stock investment in the company under the Troubled Asset Relief Program, income applicable to common shareholders was a net loss of $2.2 billion, or $0.29 per diluted share.

1/15/10 8K re: Brian Moynihan, CEO's new senior management team: Steele Alphin, chief admin. officer; Cathy Bessant, Global Technology & Operations exec, David Darnell, pres. of Global Commercial Banking; Barbara Desoer, pres. of Home Loans & Insurance; Anne Finucane, global strategy & marketing officer; Sallie Krawcheck, pres. of Global Wealth & Investment Management; Tom Montag, pres. Global Banking & Markets; Ed O’Keefe, gen'. counsel; Joe Price, president of Consumer, Small Business & Card Banking; Neil Cotty interim CFO; Bruce Thompson chief risk officer; & Greg Curl will focus on key strategic partnerships critical to BAC’s global capabilities.

12/17/09 8K re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

Boeing BA: 1/27/10 8K re: 4Q '09 results: rev grew to $17.9 bil & operating margin grew to 9.4% with net income of $1.75 per share. Operating cash flow increased to $3.2 bil.

Caterpiller CAT: 1/27/10 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.

1/27/10 8K re: sales & rev of $32.39 bil for '09, a decrease of 37% from $51.32 biln in '08. Profit per share was $1.43, down 75%. 4Q sales & rev. were $7.9 bil, down 39% from 4Q '08. Profit per share for 4Q was $0.36, down 67% from 4Q '08.

Chevron CVX: 1/29/10 8K re: earnings for 4Q '09: net income was $3.1 bil, down 37% from $4.9 bil in 4Q '08.

12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/25/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 1/22/10 Proxy Statement for '10 Annual Meeting of shareholders, which will be held on Wednesday, 3/10/10 at 10 a.m. at the JW Marriott San Antonio Hill Country in San Antonio, Texas.

1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

DuPont DD: 1/26/10 8K re: 4Q EPS of $.48 compared to a 4Q '08 loss of $.70 per share. Sales of $6.4 bil were up 10% vs prior year, led by sales growth greater than 20% for titanium dioxide, electronic materials, performance polymers & seed products.

ExxonMobil XOM: 2/1/10 8K re: 4Q results: earnings were $6,050 mil, a decrease of 23% or $1,770 mil from 4Q '08. EPS were $1.27, a decrease of 18%. Capital & exploration expenditures were $8.3 bil, up 21% from the 4Q '08.

GE: 1/22/10 8K re: 4Q ’09 EPS of $0.28; FY ’09 EPS of $1.03; rev of $41.4 bil for Quarter; $157 bi for Year.

12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 1/27/10 Def. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, Cal.

1/27/10 8K re: Electronic Data Systems Corporation, which HP acquired in '08 is a defendant in litigation filed in the United Kingdom by Sky Subscribers Services Limited and British Sky Broadcasting Limited in '04 alleging deceit, negligent misrepresentation, negligent misstatement and breach of contract. On 1/26/10, the court issued a decision finding EDS UK liable to BSkyB for deceit in one area of the claim, for negligent misrepresentation and negligent misstatement in another area of the claim, and for breach of contract. The court also dismissed all of BSkyB’s other claims. The court will issue a final quantification of damages at a later date. HP plans to appeal.

Home Depot HD: 12/3/09 10Q

Intel INTC: 1/25/10 8K re: promotions of Renee J. James, Thomas M. Kilroy, Brian M. Krzanich & Stacy J. Smith to sr. vp.

1/15/10 8K re: 4Q earnings of revenue of $10.6B, up 13% sequentially; nearly twice the average seasonal sequential growth seen in 4Q; gross margin of 64.7% was a record, and up 7 points compared to 3Q; operating income of $2.5B was down 3% sequentially, and up 62% from a year ago. Net income of $2.3B was up 23% sequentially, and up 875% from a year ago.

12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 1/29/10 8K re: compensation for its top 5 execs.

1/19/10 8K re: Record diluted earnings per share of $10.01, up 13%; 7th consecutive year of double-digit EPS growth; record net income of $13.4 bil, up 9%; gross profit margin of 45.7%, 6th consecutive year of increase; record free cash flow of $15.1 bil, up $0.8 bil.

JPMorganChase JPM: 1/25/10 8K re: amendments to By-laws re: special meetings of stockholders.

1/19/10 8K re: 4Q results.

Kraft KFT: 2/1/10 8K re: further details about the dealing facilities that will be available to accepting Cadbury Securityholders who hold their Cadbury Shares or Cadbury ADSs in certificated form.

1/27/10 8K re: Kraft reduced the number of acceptances required to fulfil the Acceptance Condition of the recommended Final Offer for Cadbury from 90% to 50% plus one Cadbury Share.

1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

McDonalds MCD: 1/26/10 8K re: compensation to execs.

1/22/10 8K re: '09 results: global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% & Asia/Pacific, Middle East & Africa 3.4%; growth in McDonald’s combined operating margin to 30.1%; consolidated operating income increase of 6% (10% in constant currencies) over the prior year; earnings per share of $4.11, up 9% over the prior year; & return of $5.1 bil to shareholders through shares repurchased & dividends paid, bringing the 3-year total to
$16.6 bil under MCD’s $15 bil to $17 bil cash return to shareholders target for '07 through '09.

1/15/10 8K re: Donald Thompson elected Pres. & Chief Operating Officer. He's been with McDonald's for 19 years.

12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

Merck MRK: 11/18/09 8KA amending financial stmts re: the earlier announcement of the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 1/28/10 10Q.

1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.

12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/16/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/28/10 8K re: net sales growth of 6% for the October - December quarter to $21.0 bil. Organic sales grew 5%. Diluted net earnings per share were $1.49.

1/28/10 10Q

1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 1/28/10 8K re: 4Q earnings of $1.30 per share on sales of $6.1 bil, with operating income margins of 21.9%. Sales & per-share earnings increased 11.1% & 69% year-on-year, respectively. Profits grew at double-digit rates in each of the company’s six business segments and in all geographic regions. Free cash flow for 4Q grew by 16% to $770 million. 3M '09 sales of $23.1 bil & earnings per share of $4.52, down 8.5% & 7.6% respectively. Excluding special items, '09 earnings declined 9.3%to $4.69 per share.

Travelers TRV: 1/26/10 8K re: net income of $1.285 bil, or $2.36 per diluted share, for the quarter ended 12/31/09, compared to $801 mil, or $1.35 per diluted share, for the quarter ended 12/3108. Operating income in the current quarter was $1.155 bil, or $2.12 per diluted share, compared to $939 mil, or $1.58 per diluted share, in the prior year quarter.

United Technologies UTX: 1/27/10 8K re: 4Q '09 earnings per share of $1.15 & net income attributable to common shareowners of $1.1 bil, down 7% and 6%, respectively, over the year ago quarter. Consolidated revenues for the quarter of $14.1 billion were 5% below prior year.

Verizon Communications Inc. VZ: 1/26/10 8K re: Consolidated cash flow growth in 4Q '09: $31.6 bil in cash flow from operations in '09, up $4.0 bil, or 14.5 percent, from '08 & other financial results inlcuding a loss of 23 cents per share and adjusted earnings of 54 cents per share, compared with 4Q '08 EPS of 43 cents and 61 cents, respectively.

WalMartWMT: 1/28/10 8K re: business restructurings to leverage operating expenses consistent with its priorities of growth, leverage and returns. These include the closure of 10 Sam’s Clubs announced on 1/11/10, the elimination of Sam’s Club new business membership representatives, the new operations structure for Walmart U.S.; the integration of the Puerto Rican operations into Walmart U.S. and Sam’s Club.
The net impact from the charges for these business restructurings on 4Q earnings for fiscal year 2010 is estimated to be 0.04 per share. Walmart will announce fourth quarter earnings before the market opens on February 18, 2010.

12/8/09 10Q