Tuesday, June 1, 2010

6/1/10 Tues. am Intel to Launch New Chips for Supercomputers

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Post No. 459. 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.

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

Dow:The Dow Jones Industrial Average closed Friday at 10,136.63 down 122.36 or 1.19% from Thursday's close of 10,258.99. For the Week the Dow was down 56.76 or 0.55% from last Friday's close of 10,193.39. Of the 30 Dow Companies: 3 gained and 27 declined. The biggest gainer dollar-wise was Coke KO $51.4 +0.17 0.33% 11,449,115 NYSE and percentage-wise was Coke and Procter & Gamble PG $61.09 +0.14 0.23% 13,530,463 NYSE. The biggest decliner dollar-wise was 3M MMM $79.31 -2.12 2.6% 6,365,592 and percentage-wise was Bank of America BAC $15.74 -0.44 2.72% 156,924,599 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page B4 of today's Wall St. Journal is 0.132319125 unchanged, the trailing P/E ratio is 14.74 down Friday's 14.92 (year ago it was 42.72) the P/E estimate is 12.62 up from Friday's 12.45 (year ago it was 23.66) and the current dividend yield is 2.73 up from Friday's 2.69 (it was 3.61 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.

Friday's Dow Jones Industrial Average closing numerator was 1,341.27 down 16.19 from Thursday's closing numerator of 1,357.46. 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 16.19 for Friday by the divisor (0.132319125) you get thede ncrease in Thursday's Dow of 122.36. 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 $44.71 down 0.54 from Thursday's Dow Jones Industrial Average average closing price of $45.25. The median closing price of Friday's Dow Jones Industrial Average was $39.73 down 0.65 from Thursday's median price of $40.38. The lowest volume was United Technologies UTX $67.38 -0.73 1.07% 4,663,019 NYSE and the highest volume again was Bank of America BAC $15.74 -0.44 2.72% 156,924,599 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 havelost $1,623 (135,750 - $134,127).

AT&T T $24.3- 0.33 1.34% 29,185,142 NYSE: No mentions found.

Alcoa AA $11.64 -0.18 1.52% 20,693,970 NYSE: No mentions found.

Amex AXP $39.87 -0.46 1.14% 12,090,092 NYSE: No mentions found.

Bank of America BAC $15.74 -0.44 2.72% 156,924,599 NYSE: Fin Times p18 "HK watchdog slaps fine on Merrill units" by Robert Cookson says Hong Kong's market regulator has fined 2 Bank of America Merrill Lynchsubsidiaries $450,00 for systems and controls failings after a managing director mismarked a trading book of illiquid securities.

NYT pB2 "Banking Shares Are Looking Up by Antony Currie says the selloff of the past 6 weeks have lopped up to a th of the value of large and regional banks, pushing even strongholds like JPMorgan back to book value or below which ought to make them a bargain. Bank of America is now trading at 3/4 of book value. Bank of Smerica should be worth $28 a share, some 76% below where it is trading.

Boeing BA $64.18 -0.95 1.46% 5,626,990 NYSE: No mentions found.


Caterpillar CAT $60.76 -1.30 2.09% 7,587,114 NYSE: No mentions found.

Chevron CVX $73.87 -0.49 0.66% 14,092,219 NYSE: No mentions found.

Cisco CSCO $23.15 -0.52 2.2% 52,573,342 NASDAQ-GS: No mentions found.

Coke KO $51.4 +0.17 0.33% 11,449,115 NYSE: No mentions found.

Disney DIS $33.42 -0.95 2.76% 15,594,607 NYSE: Fin times p18 "CBS syes India TV" by Joe Leahy, WSJ pB1 "CBS Seeks to Enter India" by Amol Sharma, Sam Schechner say CBS is late in the Indian broadcast market as Disney, News Corp, Time Warner and Viacom have launched channels in India over the past several years, looking to capitalize on an explosion in viewership.

DuPont DD $36.17 -0.62 1.69% 5,302,194 NYSE: No mentions found.

Exxon XOM $60.46 -1 1.63% 30,974,841 NYSE: No mentions found.

GE $16.35 -0.31 1.86% 68,674,129 NYSE: WSJ pB7 "GE Chief Sees Japan as Fertile Field" by Daisuke Wakabayashi says GE cEO Jeffrey Immelt says Japan could lead in health care info tech and home care devices.

Hewlett-Packard HPQ $46.01 -0.93 1.98% 18,703,165 NYSE: No mentions found.

Home Depot HD $33.86- 0.69 2% 17,206,524 NYSE: No mentions found.

Intel INTC $21.44- 0.32 1.47% 68,912,232 NASDAQ-GS: WSJ pB2 "Tech Giants Offer Glimpse Into Future" by Charmian Kok, Peter Loftus says a pair of tech conferences will be held in the Pacific this week. Computex draws execs from Intel to software giants such as Gooogle and Microsoft to present the latest in cloud computing and mobile gadgets.

WSJ pB7 "Intel to Make Chips for Use in Big System" by Don Clark says INtel announced plans for a new class of chips aimed at the supercomputer market while a big machine in Cina neared the top spot fo the world's fastest systems.

IBM $125.26 -1.13 0.89% 7,208,186 NYSE: No mentions found.

JPMorgan JPM $39.58- 0.84 2.08% 40,024,104 NYSE: NYT pB2 "Banking Shares Are Looking Up by Antony Currie says the selloff of the past 6 weeks have lopped up to a th of the value of large and regional banks, pushing even strongholds like JPMorgan back to book value or below which ought to make them a bargain. Bank of America is now trading at 3/4 of book value. Bank of Smerica should be worth $28 a share, some 76% below where it is trading.

Johnson & Johnson JNJ $58.3 -0.73 1.24% 26,360,479 NYSE: No mentions found.

Kraft KFT $28.6 -0.46 -1.58% 10,615,471 NYSE: No mentions found.

McDonalds MCD $66.87 -0.33 0.49% 6,968,040 NYSE: No mentions found.

Merck MRK $33.69 +0.07 0.21% 24,375,877 NYSE: No mentions found.

Microsoft MSFT $25.83 -0.17 0.65% 61,568,667 NASDAQ-GS: NYT pB2 "Microsoft in Venture of Canadian Health Database" by Bloomberg says Microsoft is creating an online database with Telus, a large wireless carrire and will be available to Candadian consumers and their health care providers.

WSJ pB2 "Tech Giants Offer Glimpse Into Future" by Charmian Kok, Peter Loftus says a pair of tech conferences will be held in the Pacific this week. Computex draws execs from Intel to software giants such as Gooogle and Microsoft to present the latest in cloud computing and mobile gadgets.

Procter & Gamble PG $61.09 +0.14 0.23% 13,530,463 NYSE: No mentions found.

Pfizer PFE $15.23 -0.14 0.91% 59,855,865 NYSE: WSJ pB2 "Researchers to Present New Cancer Study Findings" by Andrew Morse says oncologists will meet Fri in Chicago at the annual scientific meeting of the American Society of Clinical Oncology and among those presenting will be Pfizer and other pharma firms underscoring the rising interest in cancer drugs by large pharma firms.

3M MMM $79.31 -2.12 2.6% 6,365,592 NYSE: No mentions found.

Travelers TRV $49.47 -0.26 0.52% 5,297,678 NYSE: No mentions found.

United Technologies UTX $67.38 -0.73 1.07% 4,663,019 NYSE: No mentions found.

Verizon VZ $27.52 -0.06 0.22% 17,877,102 Dual Listed: No mentions found.

WalMart WMT $50.56 -0.14 0.28% 13,686,461 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 5/1/10 (except for Microsoft) followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $319 [5]
2. Microsoft MSFT 219 [9] (As of 5/26/10 market close)
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