6/9/10 Wed am DuPont's new Soybean gets US Approval

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Post No. 473. 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.

A read of Wednesday'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 Tuesday's stock prices and related data.

Dow:The Dow Jones Industrial Average closed Tuesday at 9,939 up 123.49 or 1.26% from Monday's close of 9,931.97. For the year the Dow is down 4.68%. Of the 30 Dow Companies: 27 gained and 3 declined. The biggest gainer dollar-wise was Exxon XOM $61.24 +1.94 3.27% 48,404,401 NYSE and percentage-wise was DuPont DD $35.49 +1.40 4.11% 11,573,959 NYSE. The biggest decliner dollar-wise was IBM $123.72 -0.41 0.33% 8,266,881 NYSE and percentage-wise was Microsoft MSFT $25.11 -0.18 0.71% 85,274,678 NASDAQ-GS.

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 14.45 up from Tuesday's 14.27 (year ago it was 12.76) the P/E estimate is 12.36 unchanged from Tuesday's 12.36 (year ago it was 25.00) and the current dividend yield is 2.79 down from Tuesday's 2.82 (it was 3.31 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.

WSJ pC1 "DJIA Jumps 123.49 Points; Gold at Peak" by Peter McKay says stocks staged a late rally, belying what was otherwise a day of continued anxiety about the state of the world economy. Gold hit a record above $1,245 an oz, amid signs that central banks may be stepping in and buying it.

WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. fo Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

Fin Times p22 "Growth assurances lift sentiment on another choppy day" by Masa Serdarevic says the bulls staged a moderate rally late in the session yesterday but the main indices remained near their closing lows for the year so far. JPMorgan rose 2.9% on reports it is selling $716 mil of bonds tied to commercial properties on less favorable terms than when the debt was issued.

USA Today p4B "Dow pulls out a comeback to rise 1.3%" by AP says stocks snapped out of a day of choppy trading Tues. and staged a late rally after Red Res chair Ben Bernanke said he didn't expect the economy to slide back into recession. A rebound in the euro also helped support the market.

NYT pB1 "Whither Wall Strett? Pick Your Indicator" by Graham Bowley says the spread between the 3 month LIBOR rate and the rate on overnight indexed swaps has been rising indicting that banks are becoming more reluctant to lend to each other.

Tuesday's Dow Jones Industrial Average closing numerator was 1,315.25 up 16.34 from Monday's closing numerator of 1,298.91. 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 16.34 for Tuesday by the divisor (0.132319125) you get the increase in Tuesday's Dow of 123.49. 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 $43.84 up 0.54 from Monday's Dow Jones Industrial Average average closing price of $43.30. The median closing price of Tuesday's Dow Jones Industrial Average was $38.11 up 0.89 from Monday's median price of $37.22. The lowest volume was Travelers TRV $48.09 +0.82 1.7% 5,964,764 NYSE and the highest volume again was Bank of America BAC $15.33 +0.50 3.37% 167,344,276 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 $1,629 ($131,520 -$129,891).

MarketWatch Tues. 6/8/10 4:17 pm pm by Nick Godt says U.S. stocks ended firmly higher Tuesday, with gains accelerating before the close,Tuesday, even as the technology sector stayed lower, rebounding from two days of heavy losses helped by Federal Reserve Chairman Ben Bernanke's assessment that another recession is unlikely. The Dow Jones Industrial Average (DJIA 9,940, +123.49, +1.26%) gained 123.49 points, or 1.3%, to 9,939.98, as 26 of its 30 components ended higher. The S&P 500 index /(SPX 1,062, +11.53, +1.10%) rose 11.53 points, or 1.1%, to 1,062. The materials sector led the gains, up 2.5%, closely followed by financials and telecoms, both up 2%. However, the tech-heavy Nasdaq Composite (COMP 2,171, -3.33, -0.15%) remained underwater, losing 0.2%

AT&T T $24.97 +0.65 2.67% 41,428,021 NYSE: WSJ pB1 "Verizon Strives to Close iPhone gap" by Spencer Ante says Steve Jobs announced the new iPHone 4 but did not mention Verizon Wireless. Verizon, the nation's largest wireless carrier by subscribers is loosening its grip over operations and deepening its relationships with allies such as software giant Google and handset makers HtC and Motoroal. Verizon Wireless is finally making progress int he smartphone race. While AT&T remains the exclusive iPhone carrier in the US, Verizon Wireless is working with Google to develop a tablet copuer and other Android smartphones are slated for release this year.

Alcoa AA $10.76 +0.25 2.38% 27,912,271 NYSE: No mentions found.

Amex AXP $38.43 +0.72 1.91% 11,546,139 NYSE: No mentions found.

Bank of America BAC $15.33 +0.50 3.37% 167,344,276 NYSE: WSJ pC6 "BofA's Loss is BoA's Gain" by Maura Sadovi says giving a fresh start to developers of a town square style mixed use project in Centennial Col, Bank of America has cut its losses and sold the group the projects $212 mil construction loan at a discount in this "deal of the week" profile.

WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. of Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

Boeing BA $61.015 +0.905 1.51% 7,189,123 NYSE: WSJ pB1 "Jets Fuel German Air Fight" by Danie Michaels says in a battle of super jumbo jetliners, Dubai's Emirates Airline ordered 32 mroe Airbus A380s and deliberately announced the $11.5 bil del in Germany's capital to ramp up a trade fight with flag carrier Deutsche Lufthansa. Airbus, like its rival Boeing, sells its planes to airlines at home and to their foreign rivals.

Caterpillar CAT $56.61 +0.78 1.4% 11,601,151 NYSE: No mentions found.

CSCO $22.955 +0.195 0.86% 71,462,405 NASDAQ-GS: No mentions found.

Coke KO $51.56 +0.76 1.5% 11,200,870 NYSE: No mentions found.

DuPont DD $35.49 +1.40 4.11% 11,573,959 NYSE: WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. fo Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

Disney DIS $33.15 +0.11 0.33% 15,651,602 NYSE: No mentions found.

Exxon XOM $61.24 +1.94 3.27% 48,404,401 NYSE: WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. fo Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

GE $15.48 +0.07 0.45% 89,309,522 NYSE: No mentions found.

Hewlett-Packard HPQ $45.88 +0.6425 1.42% 19,904,528 NYSE: No mentions found.

HD $31.81 +0.26 0.82% 16,153,269 NYSE: No mentions found.

Home Depot INTC $20.18 -0.1275 0.63% 91,284,439 NASDAQ-GS: No mentions found.

IBM $123.72 -0.41 0.33% 8,266,881 NYSE: WSJ pB5 "IBM to Open Research Lab in Brazil" by Spencer Ante, Nathan Becker says IBM will cooperate with the gov in opening a research lab in Brazil to develop tech systems around natural resource development and large scale events, It will be IBM's 9th research lab and the first in S. America.

Intel INTC $20.18 -0.13 0.63% NASDAQ: WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. fo Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and Susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

JPMorgan JPM $37.78 +1.06 2.89% 50,939,755 NYSE: Fin Times p22 "Growth assurances lift sentiment on another choppy day" by Masa Serdarevic says the bulls staged a moderate rally late in the session yesterday but the main indices remained near their closing lows for the year so far. JPMorgan rose 2.9% on reports it is selling $716 mil of bonds tied to commercial properties on less favorable terms than when the debt was issued.


Johnson & Johnson JNJ $58.64 +0.64 1.1% 14,907,399 NYSE: No mentions found.

Kraft KFT $28.64 +0.32 1.13% 13,227,891 NYSE: No mentions found.

McDonalds MCD $68.375 +1.625 2.43% 13,564,410 NYSE: NYT pB3 "Mcdonald's Offers CashIn Its Recall of Shrek Glasses" by William Neuman says it will pay $3 for each returned glass.

WSJ pC5 "DuPont's 4.1% Gain Paces the Blue Chips" by Donna Yesalavich says a range of stocks, including DuPont, Bank of America and Exxon climbed indicating increased confidence in the economy, although worries about Europe's economy kept the gains in check. DuPont is charted under Good News saying its new high oleic soybean was approved for cultivation in the US by the Dept. fo Agriculture. Intel is charted under Bad News as some analysts pointed to signs of weakening demand and susquehana downgraded it to neutral. Intel was among the Dow's few decliners with a drop of 0.6%. McDonalds climbed 2.4% as its global same store sales rose 4.8% in May, exceeding analysts' views, although MCD said it thinks foreign exchange rates, especially a weakening euro, will hurt earnings for the year.

Merck MRK $33.81 +0.50 1.5% 15,479,491 NYSE: No mentions found.

Microsoft MSFT $25.11 -0.18 0.71% 85,274,678 NASDAQ-GS: WSJ pC13 "Microsoft is Looking to Raise $1.25 Bil" by Matt Jarzemsky says it will be raised by selling 3 year convertible senior notes to qualified instit'l investors.

WSJ pC16 "Microsoft's Reign Isn't Set in Stone" by Martin Peers says the key point arising from comments last week from Apple CEO Steve Jobs and Microsoft CEO Steve Ballmer at the All Things Digital conference is that Microsoft's overwhelming dominance of computer oeprating systems for PCs, tablets or whatever won't be sustained.

Pfizer PFE $14.55 +0.03 0.21% 63,234,045 NYSE: No mentions found.

PG $62.14 +1.52 2.51% 15,319,156 NYSE: No mentions found.

3M MMM $74.92 +0.18 0.24% 7,221,254 NYSE: No mentions found.

Travelers TRV $49.09 +0.82 1.7% 5,964,764 NYSE: No mentions found.

United Tech UTX $64.21 +0.99 1.57% 7,419,739 NYSE: No mentions found.

Verizon VZ $27.68 +0.60 2.22% 20,216,850 Dual Listed: WSJ pB1 "Verizon Strives to Close iPhone gap" by Spencer Ante says Steve Jobs announced the new iPHone 4 but did not mention Verizon Wireless. Verizon, the nation's largest wireless carrier by subscribers is loosening its grip over operations and deepening its relationships with allies such as software giant Google and handset makers HtC and Motoroal. Verizon Wireless is finally making progress int he smartphone race. While AT&T remains the exclusive iPhone carrier in the US, Verizon Wireless is working with Google to develop a tablet copuer and other Android smartphones are slated for release this year.

WalMart WMT $50.78 +0.04 0.08% 20,313,428 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 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.