Friday, June 4, 2010

6/4/10 Fri. pm Dow Closes at 9,931.97 down 323.31 or 3.15%

www.DowJonesMonitor.com

The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.

Post No. 466. 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 6/4/10 and an update of the Dow 30 component's SEC filings as of 6/4/10.

The Dow Jones Industrial Average closed Friday at 9,931.97 down 323.31 or 3.15% from Thursday's close of 10,255.28. For the week the Dow was down 204.66 or 2.01% from last Friday's close of 10,136.63. Of the 30 Dow Companies: all 30 declined. The biggest decliner dollar-wise was Boeing BA $61.1525 -3.1575 4.91% 8,060,166 NYSE and percentage-wise was Caterpillar CAT $57.76 -3.35 5.48% 10,109,432 NYSE.

As of the open of the market Friday, 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 14.91 up from Thursday's 14.90 (year ago it was 43.98) the P/E estimate is 12.62 down from Thursday's 15.91 (year ago it was 13.66) and the current dividend yield is 2.70 down up from Thursday's 2.77 (it was3.46 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 1,314.19 down 42.78 from Thursday's closing numerator of 1,356.97. 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 42.78 for Friday by the divisor (0.132319125) you get the decrease in Friday's Dow of 323.31. 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 $43.81 1.42 from Thursday's Dow Jones Industrial Average average closing price of $45.23. The median closing price of Friday's Dow Jones Industrial Average was $38.01 down 1.81 from Thursday's median price of $39.82. The lowest volume was Travelers TRV $48.61 -1.11 2.23% 6,141,242 NYSE and the highest volume again was Bank of America BAC $15.35 -0.46 2.91% 144,907,877 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 $4,260made $ ($135,690 - $131,430).

MarketWatch Fri. 6/4/10 4:14 pm by Nick Godt says U.S. stocks finished sharply lower on Friday, with the Dow industrials sliding below the 10,000 mark as a disappointing U.S. jobs report and worries about Hungary's finances rekindled worries about growth. The Dow Jones Industrial Average (DJIA 9,931, -324.06, -3.16%) fell 323 points, or 3.2%, to end at 9,931.97, its worst one-day drop since May 20. Cyclical blue-chip stocks such as Caterpillar Inc. (CAT 57.76, -3.35, -5.48%) , off 5.5%, and Alcoa Inc. (AA 10.84, -0.53, -4.66%) , down 4.7%, led the way lower. The S&P 500 (SPX 1,065, -37.95, -3.44%) fell 37.95 points, or 3.4%, to 1,064.88. Of the S&P's 10 sectors, industrials fell the hardest, off 4.6%, followed by financials and materials, both down 3.9%. The Nasdaq Composite (COMP 2,219, -83.86, -3.64%) fell 83.86 points, or 3.6%, to 2,219.17. For the week, the Dow fell 2%, the S&P was down 2.3%, and the Nasdaq dropped 1.7%

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



AT&T T $24.17 -0.63 2.54% 35,933,216 NYSE
Alcoa AA $10.84 -0.53 4.66% 29,974,464 NYSE
American Express AXP $38.41 -2.13 5.25% 13,237,302 NYSE
Bank of America BAC $15.35 -0.46 2.91% 144,907,877 NYSE
Boeing BA $61.1525 -3.1575 4.91% 8,060,166 NYSE
Caterpillar CAT $57.76 -3.35 5.48% 10,109,432 NYSE
Chevron CVX $71.28 -2.63 3.56% 17,640,790 NYSE
Cisco CSCO $22.955 -0.765 3.23% 59,440,210 NASDAQ-GS
Coke KO $51.27 -1.48 2.81% 11,579,395 NYSE
DuPont DD $34.41 -1.37 3.83% 8,277,034 NYSE
Disney DIS $33.69 -1.02 2.94% 21,385,867 NYSE
ExxonMobil XOM $59.525 -2.035 3.31% 43,869,833 NYSE
GE $15.71 -0.74 4.5% 112,715,200 NYSE
Hewlett-Packard HPQ $46.05 -1.43 3.01% 18,232,218 NYSE
Home Depot HD $32.15 -1.28 3.83% 19,694,651 NYSE
Intel INTC $20.945 -0.955 4.36% 66,497,279 NASDAQ-GS
IBM $125.28 -2.68 2.09% 9,384,744 NYSE
JPMorgan Chase JPM $37.62 -1.48 3.79% 51,383,890 NYSE
Johnson & Johnson JNJ $58.01 -1.76 2.94% 21,221,999 NYSE
kraft KFT $28.51 -0.77 2.63% 11,562,536 NYSE
McDonalds MCD $66.7 -1.15 1.69% 7,327,313 NYSE
Merck MRK $33.17 -1.12 3.27% 17,736,294 NYSE
Microsoft MSFT $25.79 -1.07 3.98% 88,308,275 NASDAQ-GS
Pfizer PFE $14.755 -0.4775 3.13% 76,422,012 NYSE
Procter & Gamble PG $60.8 -1 1.62% 17,449,846 NYSE
3M MMM $76.1 -2.24 2.86% 7,967,806 NYSE
Travelers TRV $48.61 -1.11 2.23% 6,141,242 NYSE
United Technologies UTX $65.14 -2.71 3.99% 6,261,998 NYSE
Verizon VZ $27.21 -0.43 1.56% 20,519,171 Dual Listed
WalMart WMT $50.4 -1.32 2.55% 23,649,120 NYSE

*******************
The following are excerpts from Friday morning's Blog.

A read of Friday's Wall St. Journal, Financial Times, New York Times, USA Today & Atlanta Journal Constituion 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 Thursday's stock prices and related data.

Dow: The Dow Jones Industrial Average closed Thursday at 10,255.28 up 5.74 from Wednesday's close of 10,249.54. For the year the Dow is down 1.66%. Of the 30 Dow Companies: 16 gained, WalMart was unchanged and 13 declined. The biggest gainer dollar-wise was ExxonMobil XOM $61.56 +0.79 1.3% 32,372,433 NYSE and percentage-wise was Cisco CSCO $23.72 +0.37 1.58% 48,987,441 NASDAQ-GS NYSE. The biggest decliner dollar-wise was JPMorgan Chase JPM $39.1 -0.45 1.14% 30,913,740 NYSE and percentage-wise was Home Depot HD $33.43 -0.44 1.3% 15,651,527 NYSE.

WSJ pC1 "Payrolls Bets Push the Dow Into the Green" by Peter McKay says stocks posted tiny gains, and Treasury selling pushed up the yield on the 10 year note to its highest level in 2 weeks as some investors placed bets that Fri's jobs report will show solid employment growth. The Nasdaq Composite Index and the Russell 2000 each rose 1%, led by gains in Google and Cisco Systems.

WSJ pC5 "Cisco, Microsoft Rise" Nordstrom Falls" by Donna Yesalavich says tech firms Cisco and Microsoft led stocks slightly higher as investors edged their way back toward riskier areas of the market. Energy firms such as Exxon Mobil also bolstered shares.

Fin Times p24 "Rally wanes after tepid retail results fail to impress" by masa Serdarevic says US stocks continued the previous day's rally yesterday, helped by some positive macroeconomic news, but lacklustre retail sales figures weighed on sentiment. JPMorgan pulled back 1.1% as is securities arm was fined by the UK's Fin'l Services Authority for failing to segregate client money.

NYTpB7 "Hopeful Outlook on Jobs Gives the Market a Lift" by Bllomberg says stocks rose on Thurs as speculation that a jobs report on Fri would bolster optimism in the economy overshadowed concern about slowing growth in China.

USA Today "p4B "Job report optimism helps buoy stocks" by Bloomberg says stocks rallied Thurs, giving the S&P 500 its first back to back gains since April 29 as speculation that today's job report will show a strengthening economy offset concern about Europe's debt crisis.

Thursday's Dow Jones Industrial Average closing numerator was 1,356.97 up 0.76 from Wednesday's closing numerator of 1,356.21. 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 0.76 for Thursday by the divisor (0.132319125) you get the increase in Thursday's Dow of 5.74. 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 Thursday's Dow Jones Industrial Average was $45.23 up 0.02 from Wednesday's Dow Jones Industrial Average average closing price of $45.21. The median closing price of Thursday's Dow Jones Industrial Average was $39.82 down 0.45 from Wednesday's median price of $40.27. The lowest volume was Travelers TRV $49.72 -0.06 0.12% 3,673,233 NYSE and the highest volume again was Bank of America BAC $15.81 -0.08 0.5% 123,958,729 NYSE.

If Thursday 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 $60 ($135,690 - $135,630).

AT&T T $24.8 +0.02 0.08% 23,547,268 NYSE: WSJ pB6"AT&T Pricing Shift Will Test Behavior" by Spencer Ante says AT&T's shift toward charging wireless subscribers based on he amount of data they use is expected to be an important test of consumer behavior in the tech industry's fastest growing area.

Alcoa AA $11.37 -0.11 0.96% 25,573,877 NYSE: No mentions found.

Amex AXP $40.54 -0.43 1.05% 8,849,934 NYSE: WSJ pC2 "AmEx Won't match Visa's Banin Cina" by Dinny McMahon says Visa claims it has the right to process certain transactions that banks using its and American Express co-branded cards are processing on a rival network. Visa is trying to stop the banks and American Express has announced it won't follow Visa's course of action.

Bank of America BAC $15.81 -0.08 0.5% 123,958,729 NYSE: WSJ pC3 "Rating Firms To Hold Off downgrades Of Big Banks" by Mark Gongloff says credit ratings firms say they plan to delay issuing any credit rating downgrades to the largest US banks as a result of new fin'l regulations. Moddy's didn't specify which banks it considers systemically important but the short list includes Bank of America, JPMorgan, Citi, Wells, Goldman and Morgan Stanley.

Boeing BA $64.31 -0.03 0.05% 3,774,593 NYSE: No mentions found.

Caterpillar CAT $61.11 +0.25 0.41% 8,982,466 NYSE: No mentions found.

Chevron CVX $73.91 -0.22 0.3% 14,275,526 NYSE: No mentions found.

Cisco CSCO $23.72 +0.37 1.58% 48,987,441 NASDAQ-GS: WSJ pC1 "Payrolls Bets Push the Dow Into the Green" by Peter McKay says stocks posted tiny gains,a nd Treasury selling pushed up the yield on the 10 year note to its highest level in 2 weeks as some investors placed bets that Fri's jobs report will show solid employment growth. The Nasdaq Composite Index and the Russell 2000 each rose 1%, led by gains in Google and Cisco Systems.

WSJ pC5 "Cisco, Microsoft Rise" Nordstrom Falls" by Donna yesalavich says techf irms Cisco and Microsoft led stocks slightly higher as investors edged their way back toward riskier areas of the market. energy firms such as Exxon Mobil also bolstered shares.

Coke KO $52.75 +0.34 0.65% 11,771,695 NYSE: AJC pA14 "Coke European bran to hit US in Sept" by Jeremiah McWilliams says Coke will introduce a new energy drink called Relentless in the US in Sept that will be aimed at territories where coke bottlers do not carry onster energy drinks. It is alsready sold in Europe with increasing sales.

Disney DIS $34.71 -0.03 0.09% 17,752,439 NYSE: No mentions found.

DuPont DD $35.78 -0.41 1.13% 6,635,188 NYSE: No mentions found.

ExxonMobil XOM $61.56 +0.79 1.3% 32,372,433 NYSE: Fin Times p4 "Big oil groups break ranks with BP" by Sheila McNulty, Javier Blas says some of the world's biggest oil firms including ExxonMobil and Chevron, are distancing themselves from BP as its growing oil spill in the Gulf of Mexico threatens Big Oil's plans for the ost productive oil producing region of the US.

WSJ pC5 "Cisco, Microsoft Rise" Nordstrom Falls" by Donna Yesalavich says tech firms Cisco and Microsoft led stocks slightly higher as investors edged their way back toward riskier areas of the market. Energy firms such as Exxon Mobil also bolstered shares.

GE $16.45 +0.10 0.61% 51,779,645 NYSE: WSj pB4 "GE Banks on Gains From Appliances Unit" by Bob Scheler says GE's head of its appliances unit forecast rising rev and profit for '10 and next year, though he credited gov stimulus programs rather than the economic recovery for boosting sales for the GE Appliances & Lighting unit.

Hewlett-Packard HPQ $47.48 +0.21 0.44% 16,838,402 NYSE: No mentions found.

Home Depot HD $33.43 -0.44 1.3% 15,651,527 NYSE: No mentions found.

Intel INTC $21.9 +0.09 0.41% 54,587,004 NASDAQ-GS: No mentions found.

IBM $127.96 +0.55 0.43% 6,645,219 NYSE: No mentions found.

JPMorgan Chase JPM $39.1 -0.45 1.14% 30,913,740 NYSE: Fin Times p1 "JPMorgan fined for account mingling", WSJ pC10 "Safety First for Broker clients" by Peter Eavis, NYT pB3 "JPMorgan Penalized by Regulator in Britain" by Julia Werdigier, USAToday p1B "JPMorgan Securities fined $49 mil" say a unit of JPMorgan Chase was hit with a hefty fine by UK securities regulators after it failed to properly segregate customers' money.

WSJ pC3 "Rating Firms To Hold Off downgrades Of Big Banks" by Mark Gongloff says credit ratings firms say they plan to delay issuing any credit rating downgrades to the largest US banks as a result of new fin'l regulations. Moddy's didn't specify which banks it considers systemically important but the short list includes Bank of America, JPMorgan, Citi, Wells, Goldman and Morgan Stanley.

Fin Times p24 "Rally wanes after tepid retail results fail to impress" by masa Serdarevic says US stocks continued the previous day's rally yesterday, helped by some positive macroeconomic news, but lacklustre retail sales figures weighed on sentiment. JPMorgan pulled back 1.1% as is securities arm was fined by the UK's Fin'l Services Authority for failing to segregate client money.

Johnson & John JNJ $59.77 +0.04 0.07% 14,243,360 NYSE: No mentions found.

KFT $29.28 -0.25 0.85% 13,755,979 NYSE: No mentions found.

McDonalds MCD $67.85 +0.08 0.12% 4,402,406 NYSE: No mentions found.

Merck MRK $34.29 -0.07 0.2% 13,108,355 NYSE: WSJ pB1 "Amgen Bets on Osteoporosis Drug to Revive its Flagging Cgrowth" by Ron Windslow says Amege nhas become the biotech industry's most valuable firm on the soulders o drugs that strengthen the blood. Now to revive its tepid growth, it is counting on a new medicine that strengthens bones, the drug Prolia which in the past week US and European regulators approved. There are 8 million women in the US who suffer from osteoporosis and 75 million worldwide but Merck's Fosamax has a generic version called alendronate that is widely available for between $100 & $200 a year.

Microsoft MSFT $26.86 +0.40 1.51% 67,771,983 NASDAQ-GS: WSJ pC5 "Cisco, Microsoft Rise" Nordstrom Falls" by Donna Yesalavich says tech firms Cisco and Microsoft led stocks slightly higher as investors edged their way back toward riskier areas of the market. Energy firms such as Exxon Mobil also bolstered shares.

Fin Times p17 "Microsoft chief defends software strategy" by Joseph Menn, WSJ pB1 "Ballmer Jabs Jobs Over PCs" by Nick Wingfield say Microsoft CEO Steve Ballmer sought to counter the idea the the ea of PCs is waning at the All Things Digital conference.

WSJ pB6 "AOL Talks to Search Firms as Google Deal nears End" by Scott Morrison says AOL's CEO Tim Armstrong said his struggling Internet firm kicked off talks last week with multiple potential partners to secure a new Web search deal. Google is AOL's current search provider. AOL will talk to Microsoft which has moved aggressively to boost its US search market share since launching its revamped Bing search engine a year ago.

Pfizer PFE $15.2325 +0.0325 0.21% 34,021,319 NYSE: No mentions found.

Procter & Gamble PG $61.8 +0.06 0.1% 10,739,799 NYSE: No mentions found.

MMM $78.34 -0.40 0.51% 7,876,454 NYSE: No mentions found.

Travelers TRV $49.72 -0.06 0.12% 3,673,233 NYSE: No mentions found.

United Tech UTX $67.85 +0.39 0.58% 3,912,195 NYSE: No mentions found.

Verizon VZ $27.64 +0.05 0.18% 15,907,773 Dual Listed: No mentions found.

WalMart WMT $51.72 unch unch 10,498,788 NYSE: NYT pB1 "Lawyers Alerted Walmart to Risks years Before a Bias Suit" by Steven Greenhouse says ore than 6 years before the biggest sex discrimination lawsuit in history was filed against WalMart, the firm hired a law firm to examine its vulnerability to just such a suit.

WSJ pB4 "Walmart to Offer Workers Online Degree Assitance" by Miguel Bustillo, NYT pB4 "WalMart Offers Workers Aid for college" by Stephanie Clifford, Stephanie Rosenbloom say Walmart will offer its 1.4 mil US employees fin'l assistance to attain a higher education from an online university.

***********************
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 1/2 billion as of 6/4/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $283 [4.5]
2. Procter & Gamble PG 244.5 [4]
3. Microsoft MSFT 229 [9]
4. WalMart WMT 190.5 [4]
5. GE 168 [10.5]
6. IBM 161 [1]
7. Johnson & Johnson JNJ 160 [3]
8. Bank of America BAC 155.5 [10]
9. JPMorgan Chase 152 [4]
10. Chevron CVX 144 [2]
11. AT&T 143 [6]
12. Cisco CSCO 132 [6]
13. Pfizer PFE 120 [8]
14. Coke KO 119 [2.5]
15. Intel INTC 117 [5.5]
16. Hewlett-Packard HPQ 108.5 [2.5]
17. Merck MRK 104 [3]
18. Verizon VZ 77 [3]
19. McDonald's MCD 72 [1]
20. Disney DIS 66.5 [2.5]
21. United Technologies UTX 61 [1]
22. 3M MMM 55 [1]
23. Home Depot 54.5 [1.5]
24. Kraft KFT 50 [2]
25. Boeing BA 47 [1]
26. American Express AXP 47 [1]
27. Caterpillar CAT 36.5 [.5]
28. DuPont DD 31 [1]
29. Travelers 24.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest SEC filings as of 6/4/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and third party shareholder proposals:

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

AT&T T: 5/24/10 8K: re: sale ofl its Sterling Commerce subsidiary to IBM for $1.4 billion in cash. Sterling Commerce provides business to business applications and integration solutions to more than 18,000 customers worldwide. AT&T expects the transaction to close in the second half of '10, subject to receipt of regulatory approvals . AT&T expects to record a one-time, pre-tax gain of $750 million for the quarter in which the transaction closes.

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: 6/2/10 8K re: statistics re: worldwide billed business.

5/17/10 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended February 28, March 31 and April 30, 2010.

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: 6/4/10 Free Writing Prospectuses

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: 6/1/10 8K re: purchase of Electro-Motive Diesel, Inc. for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC.

5/28/10 8K re: retirement of David B. Burritt, VP & CFO as of 6/1/10.

5/20/10 8K re: statistics re: deliveries to users for its Machinery and Engines lines of business.

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

Chevron CVX: 6/2/10 8K re: results of 5/26/10 vote at annual meeting for election of Directors & other matters.

5/19/10 definitive proxy materials

5/13/10 8K re: certain revisions of 10-K annual report for year ended 12/31/09.

5/5/10 10Q

Cisco CSCO: 5/26/10 10Q

5/12/10 8K re: results of operations for its fiscal third quarter 2010 ended May 1, 2010.

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: 5/11/10 10Q
5/11/10 8-K re: press release re: 10Q re: quarter ended 4/3/10.

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

ExxonMobil XOM: 6/1/10 8K re: voting results from 5/26/10 Annual Meeting of Shareholders

5/6/10 10Q

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

Hewlett-Packard HPQ: 6/1/10 8K re: plans to invest $1 billion in its enterprise services business to enhance client experience and better position the business for growth.

5/18/10 8K re: 2Qtr results

Home Depot HD: 6/3/10 10Q
5/25/10 8K re: voting results from 5/20/10 annual meeting of shareholders.

5/18/10 8K re: results for quarter ended 5/2/10

Intel INTC: 5/21/10 8K re: voting results from 5/19/10 annual meeting of stockholders.

5/12/10 8K re: info provided at an Investor meeting by Paul S. Otellini, Pres. & CEO.

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: 5/12/10 8K re: information presented at Investor Briefing on 5/12/10.

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

JPMorganChase JPM: 6/3/10 Rule 424 Prospectus

5/26/10 8K re: Washington Mutual Litigations.

5/20/10 8K re: voting results from 5/18/10 annual meeting of shareholders

5/10/10 10Q

Johnson & Johnson JNJ 5/10/10 10 Q

Kraft KFT: 5/21/10 8K: re voting results from 5/18/10 annual meeting of shareholders

5/7/10 10Q

McDonalds MCD: 5/24/10 8K re: voting results of 5/20/10 annual shareholders' meeting

5/17/10 additional proxy materials

5/11/10 8K re: press release re: April and year to date '10 sales.

5/6/10 10Q

Merck MRK: 5/28/10 8K re: Kenneth C. Frazier to succeed Richard T. Clark as Pres. Of the Company as of 5/1/10 and Dr. Sam Their's retirement from the Board & voting results from 5/25/10 annual meeting of shareholders.

5/11/10 8K re: information presented at 5/11/10 Annual Business Briefing

5/7/10 10Q

Microsoft MSFT: 5/28/10 8K re: retirement of Robbie Bach, pres. Of Entertainment & Devices Div.

Pfizer PFE: 5/26/10 8K re: retirement of Dr. Martin Mackay, Sr. VP & Pres, Pharma Therapeutics R&D of Pfizer Inc.

5/13/10 10Q

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: 5/19/10 8K re: closing of 100 bil Euro 0.955 Note Offering due 2015.

4/30/10 10Q

3M MMM: 5/17/10 8K re: reclassification of certain data in 10K for 12/31/09.

5/12/10 8K re: voting results of 5/11/10 annual meeting of stockholders.

5/5/10 10Q

Travelers TRV: 5/7/10 8K re: voting results of 5/4/10 annual meeting of shareholders

4/23/10 10Q

United Technologies UTX: 5/14/10 8K re: exercise of its rights to redeem $500 mil of outstanding 7.125% Notes due 11/15/10.

4/26/10 10Q

Verizon Communications Inc. VZ: 5/27/10 8K re: record date of 6/7/10 re: proposed spinof of shares of New Communications Holdings.

5/12/10 8K re: voting results from 5/6/10 annual meeting of shareholders.

4/28/10 10Q

WalMart WMT: 6/14/10 10Q.

5/18/10 8K reconciliation of non-GAP measures.