5/17/10 Mon. pm Dow Closes 10,625.83 up 5.67 or 0.05%

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Post No. 435. The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 5/1/10 and an update of the Dow 30 component's SEC filings as of 5/10/10.

The Dow Jones Industrial Average closed Monday at 10,625.83 up 5.67 0.05%. Of the 30 Dow Companies 15 gained 3 unchnaged and 12 declined. The biggest gainer dollar-wise was Procter & Gamble PG $63.38 +0.84 1.34% 14,584,798 NYSE and percentage-wise was Kraft KFT $30.55 +0.52 1.73% 13,539,651 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $63.78 -1.10 1.7% 11,728,562 NYSE and percentage-wise was Alcoa AA $12.1 -0.26 2.1% 38,700,449 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 15.52 down from Friday's open of 15.76 (year ago it was 41.54) the P/E estimate is 13.10 up from Friday's 12.84 (year ago it was 24.03) and the current dividend yield is 2.59 up from Friday's 2.55 (it was 3.70 a year ago). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.

Monday's Dow Jones Industrial Average closing numerator was 1,406.00 up 0.75 from Friday's closing numerator of 1,405.25. 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 0.75 for Monday by the divisor (0.132319125) you get the ijcrease in Monday's Dow of 5.67. 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 Monday's Dow Jones Industrial Average was $46.87 up 0.03 from Friday's Dow Jones Industrial Average average closing price of $46.84. The median closing price of Monday's Dow Jones Industrial Average was 40.53 up 0.27 from Friday's median closing price of $40.26. The lowest volume was 3M MMM $86.68 unch unch 3,165,702 NYSE and the highest volume again was Bank of America BAC $16.35 +0.01 0.06% 179,466,242 NYSE.

If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made 90 $ ($140,610- $140,520).

Market Watch Mon. 5/17/10 4:14 p.m. by Laura Mandaro says the U.S. closed slightly higher Monday, and well off earlier lows, after a late-session dash led by private-school operators and some technology stocks. The Dow Jones Industrial Average (DJIA 10,627, +6.80, +0.06%) gained 5.67 points, or 0.1%, to 10,625.83, led by a 1.7% gain in Kraft Foods Inc. (KFT 30.56, +0.01, +0.03%) and a 1.5% rise in AT&T / (T 25.89, +0.12, +0.47%) shares. Earlier, the blue-chip average had been down as much as 184 points. Consumer staples and telecommunications sectors, both viewed as defensive plays, also led gainers on the S&P 500 Index. (SPX 1,137, +1.26, +0.11%) But it was a turn higher in certain discretionary shares, including a late-session rally in school operator Apollo Group (APOL 57.95, +0.10, +0.17%) and DeVry (DV 61.97, -0.06, -0.10%) shares, that helped turn the sector around.

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

AT&T T $25.77 +0.37 1.46% 29,816,311 NYSE
Alcoa AA $12.1 -0.26 2.1% 38,700,449 NYSE
American Express AXP $41.22 +0.58 1.43% 14,826,438 NYSE
Bank of American BAC $16.35 +0.01 0.06% 179,466,242 NYSE
Boeing BA $69.68 -0.14 0.2% 4,767,225 NYSE
Caterpillar CAT $63.78 -1.10 1.7% 11,728,562 NYSE
Chevron CVX $77.87 +0.04 0.05% 13,577,701 NYSE
CSCO $24.87 -0.07 0.28% 72,120,143 NASDAQ-GS
Coke KO $53.41 +0.07 0.13% 8,575,224 NYSE
DuPont DD $37.65 unch unch 6,470,197 NYSE
Disney DIS $34.2 +0.14 0.41% 15,098,154 NYSE
ExxonMobil XOM $63.27 -0.33 0.52% 31,671,975 NYSE
GE $17.56 -0.08 0.45% 70,514,132 NYSE
Hewlett-Packard HPQ $47.52 +0.09 0.19% 16,852,610 NYSE
Home Depot HD $35.59 +0.39 1.11% 33,396,949 NYSE
Intel INTC $22.02 +0.13 0.59% 64,312,678 NASDAQ-GS
IBM $130.44 -0.75 0.57% 8,817,501 NYSE
J.P.MorganJPM $39.84 -0.05 0.13% 55,560,199 NYSE
Johnson & Johnson JNJ $63.88 -0.09 0.14% 10,187,617 NYSE
Kraft KFT $30.55 +0.52 1.73% 13,539,651 NYSE
McDonald's MCD $70.14 +0.55 0.79% 7,427,398 NYSE
Merck MRK $32.78 -0.10 0.3% 15,336,509 NYSE
Microsoft MSFT $28.94 +0.01 0.03% 44,714,885 NASDAQ-GS
Pfizer PFE $16.11 +0.09 0.56% 98,610,788 NYSE
Procter & Gamble PG $63.38 +0.84 1.34% 14,584,798 NYSE
3M MMM $84.68 unch unch 3,165,702 NYSE
Travelers TRV $50.12 unch unch 5,907,722 NYSE
United Tech UTX $71.03 -0.55 0.77% 5,976,298 NYSE
Verizon VZ $28.66 +0.15 0.53% 20,780,200 Dual Listed
WalMart WMT $52.73 +0.61 1.17% 16,870,741 NYSE

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The following are excerpts from Mon. morning's Blog.

A read of Monday's Wall St. Journal, Financial Times, New York Times, USA Today, & Atlanta Journal & Constitution & 5/17/10 issue of Barron's 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 Friday's stock prices and related data.

Dow The Dow Jones Industrial Average closed Friday at 10,620.16 down 162.79 or 1.51% from Thursday's close of 10,782.95. For the week the Dow was up 239.73 or 2.3% from last Friday's close of 10,380.43. For the year the Dow Jones Industrial Average is up 1.84%. Of the 30 Dow Companies all 30 declined. The biggest decliner dollar-wise was and percentage-wise was American Express AXP $40.64 -2.17 5.07% 27,485,534 NYSE.

Friday's Dow Jones Industrial Average closing numerator was 1,405.25 down 36.5 from Thursday's closing numerator of 1,441.75. 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 36.5 for Friday by the divisor (0.132319125) you get the decrease in Friday's Dow of 162.79. 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 Friday's Dow Jones Industrial Average was $46.84 down 0.72 from Thursday's Dow Jones Industrial Average average closing price of $47.56. The median closing price of Thursday's Dow Jones Industrial Average was 40.26 down 1.55 from Thursday's median closing price of $41.81. The lowest volume was 3M MMM $86.68 -0.91 1.06% 4,138,399 NYSE and the highest volume again was Bank of America BAC $16.34 -0.53 3.14% 212,906,844 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $2,160 ($ $142,680 - 140,520).

Market Watch Fri. 5/14/10 5:17 p.m. by Kristina Peterson says the U.S. stock market ended Friday with a hefty loss fueled by renewed worries about Europe's finances but still managed to end a turbulent week higher, helped by early enthusiasm over a large European bailout package. The Dow Jones Industrial Average (INDU 10,621, -162.34, -1.51%), which traded with a loss of more than 200 points through much of the afternoon, ended down 162.79 points, or 1.5%, at 10620.16, hurt by declines in all 30 components. The Nasdaq Composite (COMP 2,347, -47.51, -1.98%) slid 2%, and the S&P 500 (SPX 1,136, -21.75, -1.88%) was off 1.9%, hurt by selling in every sector. The Russell 2000 index of small-capitalization stocks, considered riskier because of their higher volatility and lower cash reserves, plunged 2.2%. The euro sank to its lowest level since October 2008, trading recently below $1.24, after new economic data showed core inflation in Spain turned negative in April. Deflation would make it harder for Spain to grow out of its debt woes. Some analysts questioned whether austerity measures announced this week in Spain and Portugal could lead to civil strife, and Deutsche Bank Chief Executive Josef Ackermann told German television Thursday evening that there are some doubts about Greece's ability to repay debt. Friday's plunge marked a sour ending to a week that began with hope as the European Union approved a nearly $1 trillion bailout for its most heavily indebted members. But as the week went along, traders focused more on the details of implementing those measures and the likelihood that, even in a best case, the EU's financial weaklings will face years of struggle to get on surer footing. The CBOE Market Volatility Index (VIX 31.24, +4.56, +17.09% , known as the market's "fear gauge," jumped 22%. With two hours of trading to go, 3.9 billion shares had changed hands in New York Stock Exchange composite trading. Early euphoria over that bailout package, which came in concert with the Federal Reserve and other central banks saying they would reestablish a foreign-exchange swaps program, helped push the Dow Jones Industrial Average up 405 points on Monday. For the week, the Dow rose 2.3%, the S&P 500 (SPX 1,136, -21.75, -1.88%) gained 2.2% and the Nasdaq Composite (COMP 2,347, -47.51, -1.98%) added 3.6%. On Friday, basic materials and energy stocks slid as a stronger dollar cut into buying power. Crude-oil prices slid $2.79 to a three-month low of $71.61 a barrel, and other raw materials weakened as prospects of the international economic recovery dimmed in the wake of austerity measures adopted in several European countries. United States Steel (X 52.63, -0.18, -0.34%) slid 5.7%, while AK Steel (AKS 15.41, -0.59, -3.69%) fell 3.7%. Titanium Metals Corp. (TIE 16.84, -0.57, -3.27%) shed 3.3%. Chemical companies, which tend to have more European exposure, sank. Dow Chemical Co. (DOW 27.31, -0.03, -0.11%) slid 5.9% and Eastman Chemical Co.(EMN 62.50, -0.28, -0.45%) fell 2.2%. Only three Dow components are left to report quarterly earnings, and if previous reports are any guide, the companies should have done well. On Capitol Hill, the Senate will be debating financial-reform legislation. Financials also weakened as investors flocked toward more defensive stocks. J.P. Morgan Chase (JPM 39.98, +0.09, +0.23%) slid 2.3%, while Citigroup (C 3.99, +0.01, +0.25%) fell 2.7%. For U.S. investors, especially those with memories of the Asian currency crisis of the late 1990s, the concern is that debt crises like Greece's will spread to other euro-zone members, weakening growth in a major market and hurting American financial companies with ties to European banks. Almost a week after the European Union outlined a nearly $1 trillion rescue package for Greece, some U.S. investors say they have lost confidence in the will of European nations to enact proposed austerity measures. The dollar strengthened against the euro, but slipped against the yen. The U.S. Dollar Index (DXY 86.10, +0.89, +1.04%), which tracks the dollar against a basket of six other currencies, surged 1% and investors swarmed to Treasurys. The 10-year note rose 22/32, pushing yield down to 3.457%. Meanwhile, gold futures edged higher. Financial stocks sank after the Senate voted to allow the Federal Reserve to regulate fees on debit card transactions. The measure will also allow retailers more leverage in negotiating with credit-card firms and banks over the fees for card transactions. Visa tumbled 9.9%, while MasterCard (MA 212.62, +0.17, +0.08%) fell 8.6% and Bank of America (BAC 16.39, +0.05, +0.31%) fell 3.1%. The Senate also approved a measure that would establish a federal credit-rating board that would act as a middleman between issuers seeking ratings and the rating agencies. Moody's declined 0.6%. In economic news, the Commerce Department said retail sales rose 0.4% in April, better than expected. However, some of that demand may have been driven by the government's home buyer tax credit, which expired at the end of last month. Building-material and garden-supply-store sales posted the largest gain of any category in April.
Offsetting the data, several retailers reporting earnings on Friday disappointed investors. Nordstrom (JWN 39.75, -0.01, -0.03%) slid 3.7% after its profit missed analyst estimates, while J.C. Penney (JCP 27.76, +0.22, +0.80%) shed 2.2% after its first-quarter earnings rose but its second-quarter and full-year outlook disappointed analysts. See more on Retail Stocks.

AT&T T $25.4 -0.34 1.32% 37,805,902 NYSE: No mentions found.

Alcoa AA $12.36 -0.44 3.44% 40,189,960 NYSE: No mentions found.

American Express AXP $40.64 -2.17 5.07% 27,485,534 NYSE:

Bank of America BAC $16.34 -0.53 3.14% 212,906,844 NYSE: WSJ pC1 "Bank of America Manages to Avoid Rakoff" by Dan Fitzpatrick says Bank of am tried to cases against it from going before Judge Jed Rakoff in order to avoid another confrontation with him over the handling of their takeover of Merrill Lynch.

Barron's "Think Greece, It's Friday" by Michael Santoli says that another front int he attack on fin'l firms has coalesced on the fact that numerous large banks, Goldman Sachs, JPMorgan Chase and Bank of America disclosed in filings that their trading operations were profitable each day in the 1Qtr.

Boeing BA $69.82 -1.94 2.7% 7,954,557 NYSE: Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

Barron's p29 "Weekdkay Trader" by Teresa Rivas says Goldman is suggesting cliens buy Boeing's Aug 80 calls and sell Aug 90 calls to lower the purchase price.

Caterpillar CAT $64.88- 2.03 3.03% 9,939,773 NYSE: No mentions found.

Chevron CVX $77.83 -1.09 1.38% 13,607,726 NYSE: No mentions found.

CSCO $24.94 -0.59 2.31% 82,159,544 NASDAQ-GS: Barron's pM3 "The Trader" by Kopin Tan says Nasdaq last week closed up 2.2% to 1136 even after Cisco Systems disappointed traders with a modest sales outlook.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate America is ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping out of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

Coke KO $53.34 -0.15 0.28% 12,934,069 NYSE: No mentions found.

Disney DIS $34.06 -0.69 1.99% 16,945,117 NYSE: Barron's p29 "Weekday Trader" by Teresa Rivas says Disney's ability to present and market films like Alice in Wonderland is a reason why Disney remains worth owning.

DuPont DD $37.65- 0.94 2.44% 7,899,144 NYSE: No mentions found.

Exxon XOM $63.6 -1.14 1.76% 38,815,331 NYSE:
WSJ pC8 "Rethinking Oil Investing May Be On Tap" by Laim Denning says a decade ago the three supermajors, Exxon Mobil, Royal Dutch Shell & BP accounted for half of the oil and as indsutry's market cap and now they are less than a third, having lost ground to exploration and production, services and infrastructure stocks. Barring a strong rebound in industrialized world oil demand or severe supply disruption, oil futures look like a risky bet.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate America is ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping otu of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

GE $17.64 -0.41 2.27% 83,715,625 NYSE: WSJ pB5 "GE's NBC Aims to Establish a Prime Time Identity" by Sam Schechner, Suzanne Vranica say NBC seeks to reverse years of sshrinking audience by picking "moe colorful" shows. NBC plans to unveil its 12 new shows in a presentation to advertisers Mon. morning.

Barron's pM9 "Research" says a report by Raymond James says Energy Transfer Equity is an Outperform as a partnership for which it is GP will buy Regency's GP from GE.

Hewlett-Packard HPQ $47.43 -1.29 2.65% 25,960,819 NYSE: WSJ p24 "HP to follow peers in profit growth" says Hewlett-Packard is expected to report solid profit growth for 2Qtr after the markets close on Tues, with investors looking to see if it matches ther ecent strong repors from IBM and Cisco. Analysts expect earnings per share of 1.05 compared with .86 a year ago and sales are projected to reach $29.8 bil.

Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate Americais ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping otu of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

Home Depot HD $35.2-0.07 0.2% 22,621,282 NYSE: Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

Intel INTC $21.89 -0.61 2.71% 83,526,108 NASDAQ-GS: Fin Times p19 "Google & Intel in web TV launch" by Chris Nuttall says Google & Intel will announce a significant breakthrough into consumer electronics and the broadcast industry this week with the launch of a "Smart TV" platform. The deal with Sony will bring web services to televsions using Intel's Atom microprocessor and Google's Android operating system.

Barron's pM9 "Research" by Anita Peltonen says INtel was given a Hold by Roth Capital Partners on 5/12 saying there is a risk of product shift.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate Americais ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping otu of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

IBM $131.19 -0.29 0.22% 9,920,567 NYSE: WSJ pC6 "A Week in the Life of the DJIA" says IBM was last week's top performer up 7.44% and the worst performer was JPMorgan down 2.13%.

NYT pB8 IBM's Future: Steady Course" by Claire Cain Miller says Big Blue laid out its "Roadmap to 2015" on Wed at its yearly investors gathering, and Wall St. applauded. IBM said it would deliver earningsof at least $20 s share in '15 or double last year's performance.

Barron's pM5 "Big Blue's Big goals Look Viable" by Leslie Norton says says IBM's CEO Sam Palmisano says eps cold reach $20 in '15 which is possible according to quoted analysts.

Barron's p31 "Plugged In" by Mark Veverka says IBM's expansion into business software and Hewlett-Packard's as well will cause the huge software firms like Oracle and SAP will respond as SAP did by buying biz sofware outfit Sybase which will irritate SAP's database partners, IBM and Microsoft.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate Americais ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping otu of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

JPMorgan JPM $39.89 -0.92 2.25% 60,719,888 NYSE: IBM $131.19 -0.29 0.22% 9,920,567 NYSE: WSJ pC6 "A Week in the Life of the DJIA" says IBM was last week's top performer up 7.44% and the worst performer was JPMorgan down 2.13%.

Barron's "Think Greece, It's Friday" by Michael Santoli says that another front int he attack on fin'l firms has coalesced on the fact that numerous large banks, Goldman Sachs, JPMorgan Chase and Bank of America disclosed in filings that their trading operations were profitable each day in the 1Qtr.

Barron's p14 "Review" says US prosecutors have started an inquiry into whetehr Morgan Stanley, JPMorgan Chase, Citigroup, Deutsche Bank and UBS misled investors about their roles in mortgage derivative deals.

Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

Johnson & Johnson JNJ $63.97 -0.70 1.08% 12,505,046 NYSE: No mentions found.

Kraft KFT $30.03 -0.28 0.92% 16,108,608 NYSE: Barron's p20 "A Sweeter Future for Kraft" by Dimitra DeFotis says in this profile of Kraft that the fact that Kraft's stock price has languished is that Wall Street is skeptical about the Cadbury takeover and Kraft's disappointing performance. But if the integration of Cadbury goes as planned, Kraft's stock could do well. Kraft is now the second largest food firm in the world. Kraft trades for 13 times '11 estimates, below the p/e of Nestle, Hershey and General Mills which suggest that there is room for growth.

McDonald's MCD $69.59 -0.91 1.29% 9,112,269 NYSE: USA Today p1B "McDonald's hopes new cold drinks will be hot" by Bruce Horovitz says the nation's largest fast food chain is on a multibillion dollar missio nto become a serious beverage juggernaut by redefining consumer habits in buying coffee.

Barron's pM13 "Coffee's Hot" by Tom Sellen says a 3.8% rise in US April same store sales at McDonald's was drive nby an increase in its McCafe biz.

Merck MRK $32.88 -0.43 1.29% 21,105,039 NYSE: WSJ pB3 "BArriers Arise in new Drug Field" by Thomas Gryta says Merck's decision to end efforts to copy Amgen's Aranesp anemia drug shows how the emerging field of developing generic versions of biotch therapies won't be easy to enter. The drugs, called biosimilars, were given a regulatory pathway to approval int he recent US health care overhaul and are expected to be lucative bu their development is costly.

Barron's p25 "Stronger than Ever" by Michael Santoli says flush with cash, Corporate Americais ready to start spending and growing again. ExxonMobil's deal to buy XTO energy and Hewlett-Packard's bid for Palm show that the idea of acquiring growth is reviving. IBM's optimistic comments on corp techs pending in its quarterly conference in April indicated that CEOs are stepping otu of the bunker. Cisco and Intel execs were boastful in their recent conference calls about their plans to begin aggressively hiring, a start departure from recent years when thrift and efficiency were the focus. Merck's buying Schering-Plough to build scale is another sign of growth.

Microsoft MSFT $28.93 -0.31 1.06% 63,333,959 NASDAQ-GS: Barron's p31 "Plugged In" by Mark Veverka says IBM's expansion into business software and Hewlett-Packard's as well will cause the huge software firms like Oracle and SAP will respond as SAP did by buying biz sofware outfit Sybase which will irritate SAP's database partners, IBM and Microsoft.

Pfizer PFE $16.2 -0.36 2.17% 62,673,216 NYSE: No mentions found.

Procter & Gamble PG $62.54 -0.21 0.33% 14,651,577 NYSE: No mentions found.

3M MMM $84.68 -0.91 1.06% 4,138,399 NYSE: No mentions found.

Travelers TRV $50.12 -0.05 0.1% 6,948,448 NYSE: Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

United Tech UTX $71.58 -1.28 1.76% 6,648,659 NYSE: No mentions found.

Verizon VZ $28.51 -0.18 0.63% 23,075,384 Dual Listed: No mentions found.

WalMart WMT $52.12 -0.28 0.53% 18,653,215 NYSE: Fin Times p24 "Corp. Diary" says WalMart prospered during the recession as its low cost stores lured frugal shoppers but now its more upmarket rivals are recovering lost groudn.

Barron's Preview p15 says on Tues WalMart, Home Depot and Hewlett-Packard post results, on Wed a trial begins where JPMorgan and other banks are accused of fraud in a derivatives swap of a Eurobond issue, and on Thurs. Boeing and Travelers meet with investors.

Barron's p16 "Follow Up" by Kopin Tan says Barron's Michelle Index of 10 firms that offer consumers unusual value is up 54.5% since June 1, 2009 copared with 5.4% for WalMart.

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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 5/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $319 [5]
2. Microsoft MSFT 268 [9]
3. WalMart WMT 201 [4]
4. GE 201 [10.5]
5. Procter & Gamble PG 180 [3]
6. BAC 179 [10]
7. Johnson & Johnson JNJ 177 [3]
8. JPMorgan Chase 169 [4]
9. IBM 166 [1]
10. Chevron CVX 163 [2]
11. AT&T 154 [6]
12. Cisco CSCO 154 [6]
13. Pfizer PFE 135 [8]
14. Intel INTC 126 [5.5]
15. Coke KO 123 [2]
16. Hewlett-Packard HPQ 122 [2]
17. Merck MRK 109 [3]
18. Verizon VZ 82 [3]
19. McDonald's MCD 76 [1]
20. Disney DIS 71 [2]
21. United Technologies UTX 70 [1]
22. 3M MMM 63 [.5]
23. Home Depot 60 [1.5]
24. Boeing BA 55 [1]
25. American Express AXP 55 [1]
26. Kraft KFT 51 [1.5]
27. Caterpillar CAT 43 [.5]
28. DuPont DD 36 [1]
29. Travelers 25 [.5]
30. Alcoa AA 14 [1]

Here are the latest SEC filings as of 5/10/10 market 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: 5/6/10 10-Q
5/4/10 8K: re: results from the annual meeting of the stockholders of AT&T Inc. held on April 30, 2010, in Chattanooga, Tennessee.

Alcoa AA: 5/4/10 8K re: Alcoa Inc.’s 2009 Sustainability Highlights Report.

American Express AXP: 5/5/10 10Q
4/28/10 8-K re: transcript of 4/22/10 American Express live audio conference call/webcast to discuss the Company’s financial results for the three months ended March 31, 2010

Bank of Am BAC: 5/10/10 Rule 424(b) Prospectus
5/7/10 10-Q

Boeing BA: 4/28/10 8-K re: results of its Annual Meeting of Shareholders on April 26, 2010

Caterpiller CAT: 5/10/10 Definitive Proxy materials
5/510 8-K re: departure of directors and officers
5/3/10 10Q

Chevron CVX: 5/510 10Q
4/30/10 8K re: 4/30/10 press release announcing unaudited first quarter 2010 net income of $4.6 billion

Cisco CSCO: 2/17/10 8K re: amendment of an excec vp's employment agreement.

Coke KO: 4/29/10 10Q
4/26/10 8K re: results of 4/21/10 voting results from annual meeting in Duluth, Ga.

Disney DIS: 3/16/10 8K re: amendment to stock option plan & by-laws

DuPont DD: 4/29/10 8K re: voting results from annual meeting held on 4/28/10.
4/27/10 10Q

ExxonMobil XOM: 5/6/10 10Q

GE: 5/7/10 8K to update fin'l info from form 10K
5/7/10 10Q

Hewlett-Packard HPQ: 4/29/10 Definitive proxy materials

Home Depot HD: 4/7/10 Proxy Statement

Intel INTC: 5/7/10 8K re: Micron Technology, Inc. completed its acquisition of Numonyx Holdings BV & issued shares of common stock to Numonyx shareholders. In exchange for Intel’s investment in Numonyx, Intel received approximately 64.2 million shares of Micron common stock, and issued a $72 million short-term payable.

5/3/10 10Q

IBM: 4/29/10 8K re: voting results from annual meeting of stockholders on 4/27/10
4/27/10 10Q

JPMorganChase JPM: 5/10/10 10Q

Kraft KFT: 5/7/10 10Q

McDonalds MCD: 5/6/10 10Q

Merck MRK: 5/7/10 10Q

Microsoft MSFT: 4/22/10 10Q.

Pfizer PFE: 5/4/10 8K re: 1Qtr results
4/28/10 8K re: voting results of Pfizer's annual meeting of shareholders held on 4/22/10

Procter & Gamble PG: 4/30/10 10Q

3M MMM: 5/5/10 10Q

Travelers TRV: 8K re: voting results of Travlers annual meeting of shareholders on 5/4/10

4/23/10 10Q

United Technologies UTX: 4/26/10 10Q

Verizon Communications Inc. VZ: 4/28/10 10Q

WalMart WMT: 8K re: press release re: negative court decision against WalMart allowing an employee sex discrimination case to go forward