Monday, June 27, 2011

6/27/11 Mon pm Dow Closes at 12,043 up 108.98 or 0.91%

www.DowJonesMonitor.com

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Post No. 1,090 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, and a ranking of the Dow 30 components by market capitalization as of June 20, 2011 and Dow 30 components' SEC filings as of June 20, 2011.

The Dow Jones Industrial Average closed Monday at 12,043 up 109.98 or 0.91% from Friday's close of 11,934.58. Of the 30 Dow components 26 gained and 4 declined. The biggest gainer dollar-wise was IBM $167.56 +2.49 1.51% 3,893,286 NYSE and percentage-wise was Microsoft MSFT $25.2 +0.90 3.7% 84,087,489 NASDAQ-GS. The biggest decliner dollar-wise and percentage-wise was DuPont DD $51.77 -0.19 0.37% 5,282,123 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of Monday's Wall St. Journal is 0.132129493. Monday's trailing P/E is 13.58 down from Friday's trailing P/E of 13.71 (year ago it was 14.75); Monday's P/E estimate is 12.20 up from Friday's P/E estimate of 12.15 (year ago it was 12.60), and Monday's dividend yield is 2.51 up from Friday's dividend yield of 2.49 (last year it was 2.73). 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 1,591.23 up 14.32 from Friday's closing numerator of 1,576.91. 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 for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of today's Dow Jones Industrial Average was $53.04 up 0.48 from Friday's average closing price of $52.56. The median closing price of today's Dow Jones Industrial Average was $44.71 (AXP/JPM) up 0.79 from Friday's median closing price of $43.92. The lowest volume was 3M MMM $92.25 +1.36 1.5% 2,752,707 NYSE and the highest volume was again Bank of America BAC $10. 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 $1,432 ($159,123- $157,691).

MarketWatch Monday 6/27/11 4:28 pm by Kate Gibson says US stocks surged Monday to their first winning session in four as investors looked to the end of a quarter and cheered a French proposal to help debt-riddled Greece. “The heads of Europe, the ECB [European Central Bank], understand the magnitude of what is going on, and people smarter than me are going to figure out how to work it out,” said Gary Flam, managing director and portfolio manager at Bel Air Investment Advisors. “We’re placing our bets on what we think will happen, a solution short of calamity. The Dow Jones Industrial Average rose 108.98 points, or 0.9%, to 12,043.56, with all but four of its 30 components rising. Microsoft Corp. shares led the gainers, up 3.7%. The software giant is expected to announce a version of its Office software Tuesday that is accessible via Internet. Also lifting the blue-chip index, Bank of America Corp. shares rose 3.1% after Rochdale Securities LLC analyst Richard Bove called it undervalued, saying shares would rise as earnings overcome costs tied to troubled mortgages. The Standard & Poor’s 500 Index added 11.64 points, or 0.9%, to 1,280.09, with technology companies faring the best among 10 industry groups. Consumer-discretionary shares also rallied, led by a 4.5% rise in Amazon.com Inc. after Morgan Stanley put the online retailer on its list of “best ideas.” Bank shares also advanced, lifted in part by relief that new capital rules issued during the weekend to protect the global financial system were not more burdensome. The Nasdaq Composite Index gained 35.39 points, or 1.3%, to 2,688.28. For every stock that fell, more than two gained on the New York Stock Exchange, where volume topped 835 million shares. French banks proposed a plan to help Greece avoid default on its debts by allowing for slower repayment of funds lent to Greece. Lawmakers in Greece were expected to vote later this week on austerity measures that have to be approved before the nation can get more rescue funds to help it avert default. One analyst, however, played down the developments overseas as a reason for Monday’s rally, saying much remains up in the air about Greece. “A lot of people are winding up the quarter right now with a ton of cash on the books, and, like it or not, they have to put it to work,” said Robert Pavlik, chief market strategist at Banyan Partners. “The market got oversold, and now we have quarter-end window dressing,” Pavlik added.

The U.S. Supreme Court on Monday struck down a California law banning sales of violent videogames to minors. Microsoft was among those challenging the law, which had not yet been enforced. Friday had seen Wall Street falling for a third straight session on concern about Italian banks as well as Greece’s debt troubles. “It’s probably a relief rally [Monday],” offered Michael Gibbs, director of equity strategy at Morgan Keegan. “There was a little news out of the Greek situation over the weekend, as France threw in a plan there to get the private sector involved.” The U.S. government on Monday reported that, when adjusted for inflation, consumer spending declined in May. It also revised April’s figures downward, illustrating the first drop since January 2010.

After the close, athletic-clothing retailer Nike Inc. reported results from its fourth quarter.

Monday's Closing Dow Numbers:

AT&T T $30.76 +0.32 1.05% 18,540,407 NYSE
Alcoa AA $15.28 +0.05 0.33% 12,982,342 NYSE
American Express AXP $49.54 +1.20 2.48% 5,568,873 NYSE
Bank of America BAC $10.85 +0.33 3.14% 181,806,827 NYSE
Boeing BA $71.62 +0.36 0.51% 3,789,875 NYSE
Caterpillar CAT $100.8 +0.79 0.79% 5,340,812 NYSE
Chevron CVX $98.9 +1 1.02% 7,018,368 NYSE
Cisco CSCO $15.05 +0.12 0.8% 76,411,690 NASDAQ-GS
Coa-Cola KO $65.21 +0.28 0.43% 7,319,561 NYSE
DIS $38.07 +0.49 1.3% 8,210,142 NYSE
DuPont DD $51.77 -0.19 0.37% 5,282,123 NYSE
Exxon XOM $77.92 +1.14 1.48% 19,849,831 NYSE
GE $18.28 +0.31 1.73% 45,783,287 NYSE
Hewlett-Packard HPQ $34.98+ 0.08 0.23% 14,442,456 NYSE
Home Depot HD $35.2 +0.12 0.34% 8,371,208 NYSE
Intel INTC $21.34 +0.14 0.66% 44,763,845 NASDAQ-GS
IBM $167.56 +2.49 1.51% 3,893,286 NYSE
JPMorgan JPM $39.88 +0.39 0.99% 30,346,954 NYSE
Johnson & Johnson JNJ $65.27 +0.21 0.32% 6,450,798 NYSE
Kraft KFT $34.5 -0.10 0.29% 9,239,354 NYSE
McDonald's MCD $82.32 +0.48 0.59% 4,466,731 NYSE
ZMerck MRK $34.53 -0.02 0.06% 10,487,759 NYSE
Microsoft MSFT $25.2 +0.90 3.7% 84,087,489 NASDAQ-GS
Pfizer PFE $20.17 +0.09 0.45% 33,679,455 NYSE
Procter & Gamble PG $62.82 +0.23 0.37% 6,652,834 NYSE
3M MMM $92.25 +1.36 1.5% 2,752,707 NYSE
Travelers TRV $57.22 +0.54 0.95% 3,284,929 NYSE
United Technologies UTX $85.33 +1 1.19% 2,969,730 NYSE
Verizon VZ $36.4 +0.40 1.11% 12,425,584 DualListed
Walmart WMT $52.29 -0.12 0.23% 10,098,600 NYSE



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The following are excerpts from Monday morning's Blog.

A read of the print editions of Monday's Barron's,Wall St. Journal, Financial Times, New York Times, Atlanta Journal Constitution & Daily Report (Ga. - carries Bloomberg) 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 Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 11,934.58 down 115.42 or 0.96% from Thursday's close of 12,050.15. For the week the Dow is down 69.78 points or 0.58% from last Friday's close of 12,004.36. For the year the Dow is up 3.06%. Of the 30 Dow components 3 gained and 27 declined. The biggest gainer dollar-wise and percentage-wise was DuPont DD $51.96 +0.64 1.25% 11,933,332 NYSE. The biggest decliner dollar-wise was Exxon XOM $76.78 -1.66 2.12% 36,263,346 NYSE and percentage-wise was Cisco CSCO $14.93 -0.54 3.49% 162,095,616 NASDAQ-GS..

Friday's Dow Jones Industrial Average closing numerator was 1,576.91 down 15.27 from Thursday's closing numerator of 1,592.18. 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 for today by the divisor (0.132129493) you get the decrease in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.

The average closing price (the closing numerator divided by 30) of today's Dow Jones Industrial Average was $52.56 down 0.82 from yesterday's average closing price of $53.35. The median closing price of today's Dow Jones Industrial Average was $43.92 (AXP/JPM) down 0.67 from Thursday's median closing price of $44.59. The lowest volume was 3M MMM $90.89 -1.45 1.57% 4,164,326 NYSE and the highest volume was again Bank of America BAC $10.52 -0.19 1.77% 121,604,031 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 $1,527 ($159,218 - $157,691).

MarketWatch Friday 6/24/11 4:38 pm by Kate Gibson says US stocks finished lower Friday, with the Dow Industrials marking a third-straight session of losses, a day after Moody’s Investors Service put ratings of more than a dozen Italian banks on review and Oracle Corp. reported disappointing results. “The market unravel was probably precipitated by worries about European banks and earnings shortfalls in the tech sector,” said Elliot Spar, market strategist at Stifel, Nicolaus & Co. Down for a third day to post a loss of 0.2% for the week, the Standard & Poor’s 500 Index declined 15.05 points, or 1.2%, to close at 1,268.45, with energy and technology knocked the hardest among its 10 industry groups. Also off for a third consecutive session, the Dow Jones Industrial Average fell 115.42 points, or 1%, to end at 11,934.58 — down 0.6% for the week. All but three of its 30 components declined, led by Cisco Systems Inc. , off 3.5%. The Nasdaq Composite Index shed 33.86 points, or 1.3%, to finish at 2,652.89, with the technology-heavy index scoring a weekly gain of 1.4%. That was its first winning week in the past six. For every stock gaining nearly two fell on the New York Stock Exchange, where 1.74 billion shares traded by the close. Looking ahead, “we are expecting a stronger dollar and weaker markets -- this isn’t over,” said David Pankiw, partner at Cubic Financial Advisors. “I don’t believe the Greece situation, nor the expected [company] earnings reports, will be a positive to the markets.” The U.S. will see the end of the second round of quantitative easing and Europe is not out of the woods with the Greece approval not a fix to the overall situation, he said. “Overseas pressures are too much. Investors are very pessimistic.” Moody’s late Thursday put the long-term debt and deposit ratings of more than a dozen Italian banks and two Italian government-related financial institutions on review for possible downgrade. “Worries are building again in whether the European Union can contain the debt crisis around Greece, Ireland and Portugal,” said Peter Boockvar, equity strategist at Miller Tabak, who noted a rise in Spanish and Italian bond yields. Spain’s two-year note yield climbed to its highest since late May, while Italy’s two-year note hit its highest level since late in 2008, noted Boockvar. Spain’s 10-year note yield hit its highest level since May 2000, while Italy’s 10-year note was just shy of highs not seen since November 2008, Boockvar said. Oracle’s shares closed 4.1% lower after the company reported late Thursday that hardware sales were off 6% in its fourth quarter. Oracle in March had projected an increase in sales. Shares of Micron Technology Inc. lapsed nearly 15% after the maker of computer-memory chips reported third-quarter sales and profit below Wall Street’s expectations. The latest U.S. economic data proved stronger than anticipated, with durable-goods orders up by 1.9% in May, as the Commerce Department also revised up its estimate of economic growth to a 1.9% rate for the first quarter. “As has been the case lately, the domestic numbers are playing second fiddle to the events overseas,” said Kevin Giddis, fixed-income strategist at Morgan Keegan & Co.

Friday's Closing Dow Numbers and Monday's News:

AT&T T $30.44 -0.28 0.91% 20,152,589 NYSE: WSJ pB1 "Hacker group calls it quits" by Ian Sherr says a a hacker group known as Lulz Security or LulzSec says it is ceasing operations after a 2 month spree of electronic break-ins. It released a final cashe of files purportedly stolen from AT&T, AOL Electronic Arts & the FBI.

Barron's p28"Mobile party's just staring" by Mark Veverka says Apple doesn't go out and do something & figure out the business model later to fill niches which seems to be Microsoft's approach. AT&T has never looked back since it gambled on Apple which had never made a cellular phone. Now other device firms like Hewlett-Packard and Della re playing catch up and flooding the market with smartphones & tablets.

Alcoa AA $15.23 -0.05 0.33% 25,727,869 NYSE: No mentions found.

American Express AXP $48.34 -0.87 1.77% 10,171,663 NYSE: No mentions found.

Bank of America BAC $10.52 -0.19 1.77% 121,604,031 NYSE: WSJ pC14 "Biggest banks fitted for new collar" by David Reilly says the Basel Committee's capital atio decision maens Bank of america & JPMorgan will together need $150 bil of more capital. The banks won't have to raise fresh equity because the new rules doesn't kick in fully until 2019.

Barron's p12 "Week review" says JPMorgan agreed to pay $153.6 mil to settle SEC charges that it defrauded mortgage securities investors. Also, JPMorgan said it dropped more than 1,000 debt collection lawsuits in the US. Also, a judge said Bank of America Merrill Lynch must face a class aciton suit related to mortgage backed securities. Walmart won a Sup Ct. class action sex bia suit.

Boeing BA $71.26 +0.01 0.01% 6,086,895 NYSE: Barron's pM7 "When saels are just the start" by Jonathan Buck says CFM Int'l the jv of Safran and GE landed a stack of orders at last week's Paris Air which is good for the long term. As many as 9,500 of the more than 21,000 CFM56 engines in service powering the Airbus A320 and Boeing 737 still haven't made their first shop visit which bodes well for Safran's aftermarket parts business. The Leap-X1A is one of 2 engine options for the A320neo alongside the geared turbofan, or GRF, made by United Technologies' Pratt & Whitney. The GTF had a n early lead in the market for A320neos but the Leap-X1A has narrowed it.

Caterpillar CAT $100.01 -0.54 0.54% 8,494,461 NYSE: Barron's pM12 "Research reports" says Baird Equity Research on 6/17 released a report on Caterpillar with a price of 95.95 and a "outperform".

Chevron CVX $97.9 -1.46 1.47% 8,028,477 NYSE: Barron's pM8 "Striking price options" by Steven Sears says a Obama's decision to release 30 mil barrels for oil from the Int'l energy Agency should drive the price of oil down and therefore result in more bearish option strategies for shares of Exxon and Chevron.

Cisco CSCO $14.93 -0.54 3.49% 162,095,616 NASDAQ-GS: Barron's p7 "Show Ralph the money" by Randall Forsyth says Ralph Nader is criticizing Cisco for failing to lift the value of its shares which have lost 80% of their value since the top of the dot com bubble in 2000, ore than half again the decline in Nasdaq. Nader owns 18,000 share of Cisco.

Barron's p13 "Cisco visit the Oracle" by Kevin Sheehan says Cisco is sponsoring a contest with the Greek gov "Make Innovation Work Competition" with $100,000 1st prize for the best busienss plan to advance the Greek economy.

Coca-Cola KO $64.93 -0.05 0.08% 16,027,713 NYSE: Barron's p37 "Steady as she goes" by Shirley Lazo says Catherine Avery did a report "Total Return Investing: Dividends for an Uncerain world" and she likes McDonald's, Coca-Cola and Johnson & Johnson due to their solid stock price momentum, rising dividends and strong balance sheets as well as lasting busienss models and well-known names.

Disney DIS $37.58 -0.24 0.63% 13,423,290 NYSE: WSJ pB1 "Hulu's owners weigh cons of a possible sale of the site" by Jessica Vascellaro NYT pB2 "Hulu held back" by Robert Cyran say Hulu, partially owned by Disney, Comcast, and News Corp., is at a disadvantage because joint ventures have a knack for degenerating and Hulu already has shown signs of strain. Hulu's owners plan to meet with a range of potential buyers in coming weeks following an overture from yahoo that prompted the owners of Hulu to consider putting it up for sale.

DuPont DD $51.96 +0.64 1.25% 11,933,332 NYSE: No mentions found.

Exxon XOM $76.78 -1.66 2.12% 36,263,346 NYSE: Barron's pM8 "Striking price options" by Steven Sears says a Obama's decision to release 30 mil barrels for oil from the Int'l energy Agency should drive the price of oil down and therefore result in more bearish option strategies for shares of Exxon and Chevron.

GE $17.97 -0.41 2.23% 79,632,696 NYSE: Barron's pM7 "When saels are just the start" by Jonathan Buck says CFM Int'l the jv of Safran and GE landed a stack of orders at last week's Paris Air which is good for the long term. As many as 9,500 of the more than 21,000 CFM56 engines in service powering the Airbus A320 and Boeing 737 still haven't made their first shop visit which bodes well for Safran's aftermarket parts business. The Leap-X1A is one of 2 engine options for the A320neo alongside the geared turbofan, or GRF, made by United Technologies' Pratt & Whitney. The GTF had a n early lead in the market for A320neos but the Leap-X1A has narrowed it.

Hewlett-Packard HPQ $34.9 -0.33 0.94% 36,847,230 NYSE: Barron's p28 "Mobile party's just staring" by Mark Veverka says Apple doesn't go out and do something & figure out the business model later to fill niches which seems to be Microsoft's approach. AT&T has never looked back since it gambled on Apple which had never made a cellular phone. Now other device firms like Hewlett-Packard and Della re playing catch up and flooding the market with smartphones & tablets.

Barron's p27 "Its getting awfully lonely in PC land" by Tiernan Ray says it seems as if firms can't get out of the PC business fast enough. Dell and Hewlett-Packard have made strides to bulk up heir offerings in services & sales of servers and networking and storage equip and software in order to look more like IBM which left the PC biz in '05. Intel stands for the PC business and isw CEO Paul Otellini said on 4/19 that the PC market should expand by double digits this year.

Home Depot HD $35.08 -0.57 1.6% 15,721,636 NYSE: No mentions found.

Intel INTC $21.2 -0.51 2.35% 114,180,843 NASDAQ-GS: NYT pB2 "Unappreciated Big Tech waits" by Robert Cyran says Microsoft, Apple & Google are all trading at a discount to the market after accounting for their cash hoards. Investors shunned the sector for long stretches twice over the last 40 years, worrying that obsolescence might pre-empt expansion. Intel in the 70's was trading for only 6 times earning. IBM and Xerox were once in the nifty fifty large caps whose growth was supposed to go on unabated but stopped when computer orders slowed. Microsoft is at 7.5 times cash adjusted earnings.

Barron's p27 "Its getting awfully lonely in PC land" by Tiernan Ray says it seems as if firms can't get out of the PC business fast enough. Dell and Hewlett-Packard have made strides to bulk up heir offerings in services & sales of servers and networking and storage equip and software in order to look more like IBM which left the PC biz in '05. Intel stands for the PC business and isw CEO Paul Otellini said on 4/19 that the PC market should expand by double digits this year.

IBM $165.07 -1.05 0.63% 4,391,098 NYSE: NYT pB2 "Unappreciated Big Tech waits" by Robert Cyran says Microsoft, Apple & Google are all trading at a discount to the market after accounting for their cash hoards. Investors shunned the sector for long stretches twice over the last 40 years, worrying that obsolescence might pre-empt expansion. Intel in the 70's was trading for only 6 times earning. IBM and Xerox were once in the nifty fifty large caps whose growth was supposed to go on unabated but stopped when computer orders slowed. Microsoft is at 7.5 times cash adjusted earnings.

Barron's p27 "Its getting awfully lonely in PC land" by Tiernan Ray says it seems as if firms can't get out of the PC business fast enough. Dell and Hewlett-Packard have made strides to bulk up heir offerings in services & sales of servers and networking and storage equip and software in order to look more like IBM which left the PC biz in '05. Intel stands for the PC business and isw CEO Paul Otellini said on 4/19 that the PC market should expand by double digits this year.

JPMorgan JPM $39.49 -0.58 1.45% 36,065,137 NYSE: WSJ pC14 "Biggest banks fitted for new collar" by David Reilly says the Basel Committee's capital atio decision maens Bank of america & JPMorgan will together need $150 bil of more capital. The banks won't have to raise fresh equity because the new rules doesn't kick in fully until 2019.

Barron's p12 "Week review" says JPMorgan agreed to pay $153.6 mil to settle SEC charges that it defrauded mortgage securities investors. Also, JPMorgan said it dropped more than 1,000 debt collection lawsuits in the US. Also, a judge said Bank of America Merrill Lynch must face a class aciton suit related to mortgage backed securities. Walmart won a Sup Ct. class action sex bias suit.

Johnson & Johnson JNJ $65.06 -0.61 0.93% 13,184,044 NYSE: Barron's p25 "J&J's time for healing" by Johanna Bennett says its makeover should bring 20% returns. J&J will leave the $5 bil stent market it pioneered but it is getting into the trauma biz, buying medical device maker Synthes for $21 bil. It faces thousands of lawsuits over the recalled DePuy hip implants but it has lots fo cash, a growing dividend and a good drug pipeline and its shares should soon be in glowing health again.

Barron's p37 "Steady as she goes" by Shirley Lazo says Catherine Avery did a report "Total Return Investing: Dividends for an Uncerain world" and she likes McDonald's, Coca-Cola and Johnson & Johnson due to their solid stock price momentum, rising dividends and strong balance sheets as well as lasting busienss models and well-known names.

Kraft KFT $34.6 +0.34 0.99% 11,476,348 NYSE: No mentions found.

McDonald's MCD $81.84 -0.45 0.55% 6,467,461 NYSE: Barron's p37 "Steady as she goes" by Shirley Lazo says Catherine Avery did a report "Total Return Investing: Dividends for an Uncerain world" and she likes McDonald's, Coca-Cola and Johnson & Johnson due to their solid stock price momentum, rising dividends and strong balance sheets as well as lasting business models and well-known names.

Merck MRK $34.55 -0.42 1.2% 16,561,323 NYSE: No mentions found.

Microsoft MSFT $24.3 -0.33 1.34% 94,579,705 NASDAQ-GS: Fin Times p15 "Microsoft trial to use TV signals for WiFi" by Andrew Parker says a consortium led by Microsoft will begin a tech trial in the UK this week that should pave the way for new mobile broadband networks that can support bandwidth hungry smartphones. The BBC, British Sky Broadcasting & BT are among the consortium members that will investigate how radio spectrum that is not needed for transmuting tv could be used for new wireless broadband networks. This " "white space" spectrum could create super WiFi networks.

NYT pB2 "Unappreciated Big Tech waits" by Robert Cyran says Microsoft, Apple & Google are all trading at a discount to the market after accounting for their cash hoards. Investors shunned the sector for long stretches twice over the last 40 years, worrying that obsolescence might pre-empt expansion. Intel in the 70's was trading for only 6 times earning. IBM and Xerox were once in the nifty fifty large caps whose growth was supposed to go on unabated but stopped when computer orders slowed. Microsoft is at 7.5 times cash adjusted earnings.

WSJ pB2 "Microsoft challenges itself in the clouds" by Steven Jones, Barron's p13 "Week preview" say on Tues 6/28 Microsoft's Steve Ballmer introduces a cloud version of Office called Office 365, a combo of communication, collaboration and productivity software delivered via the Internet.

Barron's p28 "Mobile party's just staring" by Mark Veverka says Apple doesn't go out and do something & figure out the business model later to fill niches which seems to be Microsoft's approach. AT&T has never looked back since it gambled on Apple which had never made a cellular phone. Now other device firms like Hewlett-Packard and Della re playing catch up and flooding the market with smartphones & tablets.

Pfizer PFE $20.08 -0.57 2.76% 63,090,835 NYSE: No mentions found.

Procter & Gamble PG $62.59 -0.87 1.37% 15,249,129 NYSE: No mentions found.

3M MMM $90.89 -1.45 1.57% 4,164,326 NYSE: No mentions found.

Travelers TRV $56.68 -0.48 0.84% 4,457,916 NYSE: No mentions found.

United Technologies UTX $84.33 -0.79 0.93% 4,331,095 NYSE: Barron's p21 "Dragon Fire" by leslie Norton says China's economy has been growing at a 10% annual rate for the past decade. United Technologies is listed as one of seven firms that will benefit from the Chinese military buildup due to the fact that Pratt & Whitney's PW9000 may be used in long range strike aircraft.

Barron's pM7 "When sales are just the start" by Jonathan Buck says CFM Int'l the jv of Safran and GE landed a stack of orders at last week's Paris Air which is good for the long term. As many as 9,500 of the more than 21,000 CFM56 engines in service powering the Airbus A320 and Boeing 737 still haven't made their first shop visit which bodes well for Safran's aftermarket parts business. The Leap-X1A is one of 2 engine options for the A320neo alongside the geared turbofan, or GRF, made by United Technologies' Pratt & Whitney. The GTF had a n early lead in the market for A320neos but the Leap-X1A has narrowed it.

Verizon VZ $36 -0.05 0.14% 19,912,199 DualListed: No mentions found.

Walmart WMT $52.41 -0.88 1.65% 20,765,624 NYSE: Fin Times p7 "Walmart should fear its gender bias culture" by Philip Broughton says Walmart's gender bias could result in a backlash against it and result in stricter federal anti-bias laws and union action.

WSJ pB7 "Walmart exec aims to accelerate growth overseas" by Miguel Bustillo is an interview with Doug McMillon Walmart's head of International Business.

Barron's p12 "Week review" says JPMorgan agreed to pay $153.6 mil to settle SEC charges that it defrauded mortgage securities investors. Also, JPMorgan said it dropped more than 1,000 debt collection lawsuits in the US. Also, a judge said Bank of America Merrill Lynch must face a class aciton suit related to mortgage backed securities. Walmart won a Sup Ct. class action sex bia suit.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest as of 6/20/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $392.5 [5]
2. Procter & Gamble PG 261 [4]
3. Microsoft MSFT 205.5 [8.5]
4. Chevron CVX 201 [2]
5. IBM 200 [1]
6. GE 196 [10.5]
7. WalMart WMT 185 [3.5]
8. AT&T T 183.5 [6]
9. Johnson & Johnson JNJ 182 [3]
10. JPMorgan Chase JPM 161 [4]
11. Pfizer PFE 160 [8]
12. Coke KO 151 [2.5]
13. Intel INTC 117 [5.5]
14. Merck MRK 110.5 [3]
15. Bank of America BAC 107.5 [10]
16. Verizon VZ 106 [3]
17. McDonald's MCD 85.5 [1]
18. Cisco CSCO 83.5 [5.5]
19. United Technologies UTX 78 [1]
20. Hewlett-Packard HPQ 72.5 [2]
21. Disney DIS 72 [2]
22. 3M MMM 65.5 [.5]
23. Caterpillar CAT 63 [.5]
24. Kraft KFT 61 [2]
25. American Express AXP 58.5 [1]
26. Home Depot HD 55.5 [1.5]
27. Boeing BA 55 [1]
28. DuPont DD 47 [1]
29. Travelers TRV 24 [.5]
30. Alcoa AA 16 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 6/20/11:

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

AT&T T: 5/6/11 10Q for quarter ended 3/31/11
5/5/11 8K re: voting results of 4/29 Annual Meeting of Stockholders
4/29/11 8K re: sale of $3 bil of Global Notes due '16 & '21
4/20/11 2 8Ks re: first quarter results
4/13/11 Prospectus & 4/1/aa S-4 re: offer to exchange $3.5 bil of 5.35% Global Notes due '40
3/31/11 & 3/21/11 2 8Ks re: purchase of T-Mobile USA, Inc. from Deutsche Telekom for $20 bil
3/29/11 8KA re: replacement of Richard Lindner as CFO with John J. Stephens
3/10/11 Proxy Statement re: Annual Meeting of Stockholders to be held on 4/29/11 in Little Rock, Ark

Alcoa AA: 6/2/11 8K re: Regulation FD disclosure re: Internal Relations Presentation of "Nomura Aluminum Seminar"
5/31/11 8K re: redemption of notes due '13
5/18/11 8K re: Chris Ayers elected Pres. of AA Blobal Primary Products
5/11/11 8K re: retirement of Joe Gorman from Bd. of Dires
5/6/11 8K re: Issuance of Sustainability Highlights Report
4/29/11 8K re: tender offer for 6% '13 Notes
4/29/11 8K re: grants under Stock Incentive Plan
4/27/11 Proxy materials re: exec comp
4/21/11 10Q & 4/21/11 8K re: first quarter results ending 3/31/11
4/14/11 8K transcript re: 1Q earnings conference call
4/13/11 8K & Prospectus re: issuance of $1.2 bil of 5.4% Notes due '21 & tnender offer for 5.3% Notes due '13
3/7/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/6/11 in Pittsburg, PA

American Express AXP: 6/15/11 8K re: U.S. Card Services delinquency & write-off statistics for 3 months ended 5/31/11
5/16/11 re: delinquency & write-off stats for period ended 4/30/11
5/5/11 8KA & 8K re: appointment & compensation of David Cornish as Acting Comptroller
5/4/11 10Q quarter ended 3/31/11
4/26/11 8K re: departure of Comptroller & also Deputy Comptroller
4/20/11 8K re: 1Q results ending 3/31/11
4/18/11 8K re: delinquency & write-off statistics for 1Q ended 3/31/11
3/28/11 8K re new digital payments platform "Serve"
3/24/11 & 3/23 & 3/22 Proxy materials re: 2011 Annual Meeting of Shareholders at 5/2/11 at AXP Headquarters in NYC
3/18/11 8K re: Reg. FD disclosures re: its Comprehensive Capital Plan re: share repurchases & dividends
3/15/11 8K re: delinquency & write-off statistics for 3 months ended 2/28/11
3/4/11 Prelim Proxy Statement re: Shareholder Meeting to be held 5/2/11 in NYC

Bank of Am BAC: 5/11/11 8K re: Voting results of Stockholders Annual Meeting held 5/16
5/5 10Q for quarter ended 3/31/11
5/2/11 8K re: update of legal opinion re: Medium-Term Notes
4/28/11 Proxy re: voting at 5/11 Stockholder Meeting and info re: independence of nominee for Board
4/15/11 8K re: shuffling of execs, C. Noski, E. O'Keefe & B. Thompson
4/15/11 re results of 1Q ending 3/31/11
3/3011 Proxy re: Annual Meeting of Stockholders on 5/11/11 at BAC Headquarters in Charlotte, N.C.
3/23/11 8K re: submission to Fed Res. Baord of comprehensive capital plan
3/17/11 8K re: issuance of $1.5 bil of 3.625% of Senior Notes due 2016
3/16/11 8K re: election of Mukesh D. Ambani to Board of Directors & Compensation & Benefit Committee & Audit Committee

Boeing BA: 6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Comerce & amendment of By-Laws to decrease number of directors from 12 to 11
5/3/11 8K re: amending bylaws decreasing Board from 13 to 12
4/27 10Q & 4/27/11 8K re: quarter ended 3/31/11
3/21/11 Annual Report to Sahreholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 6/20/11 8K re: 3 months dealer statistics ended 5/31/11
6/9/11 8K re: voting results of 6/8 Annual Stockholders Meeting
6/8/11 two 8Ks re: press release and declaration of 0.46 cents per share dividend payable 8/20 for record holders on 7/20
5/26/11 8K re: underwriting agreement re: floting rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendingations at upcoming annual meeting of stockholders
5/23/11 Proxy re: voting reminder re: 6/8 Meeting of Stockholders
5/23/11 8K re: revisions to 10K fin'l statements
5/19/11 8K re: dealer stats
5/9/11 10Q for quarter ended 3/31/11
4/29/11 8K re: info re: sales to dealers
4/29/11 8K re fin'l results quarter ended 3/31/11
4/15/11 Proxy re: Annual Meeting of Stockholders on 6/8/11 at Little Rock, Ark.
3/8/11 8K re: price changes of products

Chevron CVX: 6/1/11 8K re: results of votes at 5/25 Annual Stockholder Meeting
5/31/11 8K re: receipt of imminent danger order under Fed. Mine Safety Act re: Kemmerer Mine, Lincoln, WY and the vacating of the order on 5/26
5/5/11 10Q & 4/29/11 8K re quarter ended 3/31/11
4/14/11 4 Proxy filings re: Annual Meeting of Stockholders on 5/25/11 at Chevron headquarters in San Ramon, CA.

Cisco CSCO 5/25/11 10Q re: Qtr ended 4/30/11
5/11/11 8K re: results of quarter ended 4/30/11
3/28/11 8K re: pre-arranged stock trading plan for certain execs
3/22/11 8K-A re: election of Gary B. Moore as COO
3/18/11 8K re: initiation of quarterly cash dividends of 6 cents per share to be paid 4/20

Coke KO 5/2/11 10Q & 4/26/11 8K for quarter ended 4/1/11
4/29/11 8K re: voting results of Annual Meeting of Shareholders held on 4/27
3/10/11 Proxy Statement re: Annual Meeting of Shareholders to be held 4/27/11 in Atlanta
2/28/11 10K re: Fiscal year ended 12/31/10
2/17/11 8K re: election of Evan G. Greenberg to Board of Directors & Audit Comm.

Disney DIS 5/20/11 8K re: sales of $500 mil 3.75% Global Notes Due '21
5/10 8K & 5/10/11 10Q re: quarter ended 4/2/11
3/25/11 8K re: adoption of exec stock option plan
3/18/11 two 8Ks re: amendment to employment Agreement of CEO Robert A. Iger & other execs.

DuPont DD: 5/24/11 8K re: completion of acquisition of 92.2% of shares of Danisco SA
5/5/11 8K re: tender offer for Danisco
5/3/11 8K re: voting results of 4/27 Annual Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
4/21/11 8K re results for quarter ended 3/31/11
4/13/11 Proxy re annual meeting of stockholders on 4/27/11 in Wilmington, DE
3/31/11 S-3 shelf registration for debt securities and common stock
3/18/11 Proxy re: Annual Stockholders Meeting to be held on 4/27/11 in Wilmington, DE
3/8/11 8K re: retirement of Samuel W. Bodman & John T. Dillon from Board of Directors due to reaching age 72

ExxonMobil XOM: 5/31/11 8K re: results of voting of 5/25 Annual Shareholders Meeting
5/6/11 Proxy re: add'l material re: advisory vote on exec comp
5/5/11 10Q & 4/28/11 for quarter ended 3/31/11
4/29/11 8K re: amendment of bylaws making Treasurer also CFO
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/25/11 in Dallas, TX

GE: 5/6/11 10Q for quarter ended 3/31/11
5/2/11 8K re: voting results of 4/27 Annual Meeting of Shareholders
4/21/11 8K re: first quarter results
4/18/11 proxy re: answers to shareholder's question re: CEO's stock options
4/15/11 Annual Report to Shareholders
4/711 & 3/30/11 Proxy materials re: proposal on exec comp proposal at annual meeting of shareholders on 4/27/11
3/14/11 Proxy re: Annual Shareholders Meeting on 4/27/11 in Salt Lake City, Utah

Hewlett-Packard HPQ: 6/16/11 8K re: election of Ann Livermore to Board of Directors, her resignation as Exec. VP & amendment to By-Laws to increase number of directors from 13 to 14
6/8/11 10Q re: Quarter ended 4/30/11
6/1/11 8K re: underwriting agreement re: Flaoting Rate Glboal Notes due '14 through '21
5/7/11 8k re: fin'l results for quarter ended 4/30/11
3/28/11 8K re amendment of by-laws to decrease number of directors from 17 to 13
3/22/11 8K re: info re: status of Hewlett-Packard employees as a result of Japanese earthquake
3/11/11 Proxy Materials re: opposition to ISS voting recommendations re: exec comp.

Home Depot HD: 6/7/11 8K re: amnding by-laws re voting by consent for shareholders
6/8/11 10Q re: Quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 5/1/11
4/18/11 Annual Report to Shareholders
4/15/11 proxy re: annual meeting of shareholders on 6/2/11 in Atlanta
3/31/11 8K re: underwriting agreement re: $3 bil of Senior Notes due 2021 & 2041

Intel INTC: 5/24/11 8K re: Voting results of 5/19/11 Annual Meeting of Stockhodlers
5/17/11 8K re: FD disclosures re: investor Meeting
5/11/11 8K re: increase in 3rd Quarter dividend
5/9/11 8K & 5/9/11 10Q for quarter ended 4/2/11
4/20/11 & 4/19/11 8Ks re: financial info & CFO commentary re: results for quarter ended 4/2/11
4/13/11 8K re: fin'l info re: recently closed acquisition of Infineon Wireless & McAfee
4/7/11, 4/5/11 & 4/4/11 Proxy materials re: annual meeting of shareholders on 5/19/11 at Intel's headquarters in Santa Clara, CA
3/21/11 8K re: fin'l info re: its McAfeesubsidiary
2/28/11 8K re: completion of acquisition of McAfee

IBM: 5/11/11 8K re: issuance of $1 bil of debt
4/28/11 8K re: voting results of 4/26/11 Meeting of Stockholders
4/26/11 10Q for quarter ended 3/31/11
4/20/11 & 4/19/11 8Ks re: CFO comments re: 1Qtr fin'l results ended 3/31/11
3/25/11 Proxy re: voting at annual meeting of stockholders on 4/26
3/18/11 8K re: settlement with SEC of bribery charges in Asia for $10 mil
3/8/11 8K re: FD disclosure re: presentation at investor briefing
3/7/11 Proxy rel Annual Stockholders Meeting on 4/26 in St. Louis, Mo.

JPMorganChase JPM: 5/24/11 8K re: legal opinion re: $500 mil Floating Senior Medium Term Notes due '16
5/23/11 8K Voting results of Shareholder Meeting held 5/17/11
5/10/11 8K re: legal opinion re: $2 bil of 4.6% Notes due '21
5/6/11 10Q for quarter ended 3/31/11
4/29/11 8K re: legal opinion for $2 bil Floating Senior Medium Term Notes
4/29/11 8K re: registering Global Notes
4/20/11 Proxy brochure entitled "Overview"
4/14/11 8K re: entering into consent orders with Fed. Reserve re: residential mortgage servicing activities
4/13/11 2 8Ks re: first quarter results
4/7/11 3 proxy filings re: annual meeting of shareholders on 5/17/11 in Columbus, Ohio
3/24/11 8K re: offering of $500 mil Floating Rate Notes due 2016
3/24/11 & 3/23/11 8Ks re: offering of Global Medium Term Notes

Johnson & Johnson JNJ : 5/20/11 8K re: sale of over $4 bil of Notes due '13 - '41
5/2/11 8K re: merger agreement with Synthes
4/29/11 8K re: voting results of 4/28 Meeting of Shareholders
4/27/11 8K re: offer to buy Synthes for $21.3 bil
4/19/11 Proxy re: annual meeting of shareholders on 4/28 in New Brunswick, NJ
4/19/11 8K re: first quarter results
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/8/11 8K re: payment of $70,0006,316 fine for violating Foreign Corrupt Practices Act
3/16/11 Proxy re: Annual Shareholders Meeting on 4/28 in New Brunswick, NJ
3/10/11 8K re: Entering into a consent decree with the FDA regarding its oversight of JNJ's McNeil Unit plants in Puerto Rico and Pennsylvania

Kraft KFT: 5/31/11 8K re: results of 5/24 Annual Shareholder Meeting
5/6/11 10Q & 5/5/11 8K for quarter ended 3/31/11
4/8/11 8K & 3/14/11 8K re: departure of CFO Timothy R. McLevish to be replaced by David A. Brearton
4/5/11 8K re: entering into revolving credit agreement for $4.5 bil
3/31/11 8K & Proxy re: nomination of Dr. Peter Henry for Board of Dir at 5/24/11 annual meeting of shareholders in Skokie, Ill

McDonald's MCD: 6/10/11 8K re: press release re: global sales rising 3.1% in May
5/23/11 8K re: voting results of 5/19 Shareholder Meeting
5/20/11 8K re: issuance of $400 mil Medium-Term Notes
5/16/11 proxy material re: stock options
5/9/11 8K re: Invetor Release re: April sales
5/6/11 10Q for quarter ended 3/31/11
5/3/11 proxy materials re: reminder how to vote
4/21/11 8K re: first quarter results
4/15/11 Proxy re: talking points
4/13/11 Annual Report to Shareholders
4/18/11 3 Proxy filings re: annual meeting of shareholders on 5/19/11 at McDonald's Headquarters in Oak Brook, Ill & proposal to amend cert. of incorp.
3/9/11 8K re: FD disclosure re: comparable sales rising 3.9% in Feb.
3/3/11 Proxy re: Annual Meeting of Shareholders on 5/19/11 at Oak Brook, Ill.

Merck MRK: 5/27/11 8K re: Voting results of 5/24 Annual Meeting of Shareholders
5/9/11 10Q & 4/29/11 8K re: quarter ended 3/31/11
4/15/11 8K re: settlement between Merck & JNJ re: dispute re: distribution of Remicade & Simponi
4/14/11 Annual Report to Shareholders
4/13/11 2 Proxy filings re: annual meeting of shareholders on 5/24/11 at North Branch, NJ
4/5/11 Schedule to tender offer to shareholders of Inspire Pharmaceuticals
3/24/11 8K re: termination of agreement between Merck & Sanofi-Aventis re: Sanofi's right to buy Merck's Merial animal health subsidiary

Microsoft MSFT: 5/10/11 8K re: purchase of Skype for $8.5 bil in cash
4/28/11 10Q & 4/28/11 8K for quarter ended 3/31/11
2/8/11 8K re: underwriting agreement for $750 mil of 2.5% Notes due 2016

Pfizer PFE: 5/12/11 10Q & 5/3/11 8K for quarter ended 4/3/11
5/3/11 8K re: voting results of shareholder Meeting held on 4/28
4/14/11 & 4/11/11 Proxy & 3/22/11 2 Proxy filings re: 4/28/11 annual meeting of shareholders in Dallas, TX
4/4/11 8K re: selling Capsugel subsidiary to KKR
3/24/11 Annual report to shareholders

Procter & Gamble PG: 5/12/11 8KA re: election of Margaret Whitman to Board
5/4/11 8K re: retirement of Ed Shirley as Vice Chair, Beauty & Grooming
4/29/11 10Q & 4/28/11 8K for quarter ended 3/31/11
4/11/11 8K re: declaration of 9% quarterly dividend increase
4/5/11 8K re: sale of Pringles to Diamond
3/24/11 8K re: P&G & Teva Pharmaceutical Industries partnership for OTC medicines
3/1/11 8K re: resignation of Rajat KJ. Gupta from Board of Directors
2/11/11 8K re: election of Meg Whitman to Board of Directors

3M MMM: 5/26/11 8K re: restatement of Form 10K re: produ8ct moves between busienss segments
5/18/11 2 8Ks re: pre-arranged stock trading plans for General Counsel & CEO respectively
5/16/11 8K re: election of Inge Thulin as EVP & COO
5/11/11 8K re: voting results from 5/10/11 Annual Meeting of Stockholders
5/5/11 10Q & 4/26/11 for quarter ended 3/31/11
4/26/11 Porxy material re: how to vote at 5/10 Annual Meeting of Stockholders
4/7/11 8K re: results of first quarter 2011
4/6/11 8K re: executive changes re: chief accounting officer
3/29/11 Proxy material to correct errors re: prior filing re: stock ownership of directors & officers
3/24/11 annual report to shareholders
3/23/11 2 proxy filings re: 5/10/11 annual meeting of stockholders in St. Paul, Minnesota
3/15/11 8K re: retirement of CFO Patrick D. Cambell to be replaced by David W. Meline

Travelers TRV: 6/10/11 8K re: fin'l info re: annual investor conference
6/1/11 re: Voting results of 5/26 annual shareholders meeting
4/21/11 10Q & 8K for quarter ended 3/31/11
4/12/11 anual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 6/9/11 8K/A re: amendment of 4/13 8K re: frequency of intent to take shareholder advisory votes
4/25/11 10Q for quarter ended 3/31/11
4/20/11 8K re: first quarter results
4/19/11 8K re proposal to amend long term incentive plan
2/25/11 Proxy re: Annual Meeting of Shareholders on 4/13/11 in Phoenix, AZ

Verizon Communications Inc. VZ: 5/10/11 8K re: voting results from 5/5/11 Annual Meeting of Shareholders
4/28/11 10Q for quarter ended 3/31/11
4/21/11 8K re: first quarter results
4/11/11 8K re: Verizon completion of Terremark acquisition
4/8/11 Schedule to tender offer re: Terremark acquisition
4/4/11 Proxy re; compensation proposal
3/25/11 Prospectus re: $6.25 bil notes
3/21/11 Proxy re: 5/5/11 annual meeting of shareholders in Indianapolis, Indiana
3/7/11 8K re: election of Lowell C. McAdam to Board of Director (he is Pres/COO)

WalMart WMT: 6/9/11 8K re: voting results of 6/3 annual shareholders meeting
6/3/11 10Q re: quarter ended 4/30/11
5/17/11 8K re: fin'l results for quarter ended 4/30/11
4/19/11 annual report to shareholders
4/18/11 2 Proxy filings re: annual meeting o shareholders on 6/3/11 at U. of Ark in Fayetteville, Ark.
4/15/11 8K & 4/13/11 Prospectus re: issuance of $5 bil of notes
3/30/11 10K for fiscal year ended 1/31/11