Thursday, August 11, 2011

8/11/11 Thurs am Cisco's Profits Down but Rev Rose 3.3%, Bank of America's Shares Sink

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Post No. 1,158 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 and Dow 30 components' SEC filings in each case as of August 2, 2011.

A read of the print editions of Thursday's Wall St. Journal, Financial Times, New York Times, USA Today, & 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 Wednesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 10,719.94 down 519.83 or 4.62% from Tuesday's close of 11,239.77. For the year the Dow is down 7.41%. Of the 30 Dow components all 30 declined. The biggest decliner dollar-wise was IBM $162.54 -8.07 4.73% 13,990,919 NYSE and percentage-wise was Bank of America BAC $6.77- 0.83 10.92% 493,505,263 NYSE.

WSJ pC7 "US stocks plummet, led by fin'ls" by Jon Cheng says fin'l stocks led the decliners Wed as the Dow plunged to an 11 month low. Bank of America was off 83 cents or 11%, JP Morgan was down $2.03 and American Express shed $3.30. Disney is charted under bad news as investors were concerned about higher costs of its ESP network.

Fin Times p20 "Citigroup & Bank of America hurt as fin'ls lead declines" by Telis Demos says US equities once again fell on Wed, quickly ending a late Tues rally that many had hoped would represent a bottom to August's steep declines.

NYT pB1 "Fin'l stocks plunge in US as anxiety rises" by Eric Dash says fear is on the rise again that worsening problems at some of Europe's biggest banks may wind up hurting fin'l institutions in the US.

USA Today p6B "Fin'l companies lead way down as markets plummet" by Bloomberg says fin'l shares led a renewed plunge on Wall St that pushed stock prices back to Sept '10 level.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C4 of Thursday's Wall St. Journal is 0.132129493. Today's trailing P/E ratio is 11.99 down from Wednesday's trailing P/E ratio of 12.59 (year ago it was 14.01); Thursday's P/E estimate is 11.48 unchanged from yesterday's P/E estimate of 11.48 (year ago it was 12.80), and Thursday's dividend yield is 2.84 up from Tuesday's dividend yield of 2.70 (last year it was 2.69). 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.

Wednesday's Dow Jones Industrial Average closing numerator was 1,416.42 down 68.68 from Tuesday's closing numerator of 1,485.10. 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 Wednesday's Dow Jones Industrial Average was $47.21 down $2.29 from Tuesday's average closing price of $49.50. The median closing price of Wednesday's Dow Jones Industrial Average was $38.59 (AXP/JPM) down $2.66 from Tuesday's median closing price of $41.25. The lowest volume was 3M MMM $78.23 -4.46 5.39% 9,376,695 NYSE and the highest volume again was Bank of America BAC $6.77- 0.83 10.92% 493,505,263 NYSE.

If Wednesday 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 $6,859 ($148,510 - $141,642).

MarketWatch Wednesday 8/10/11 4:46 pm by Kate Gibson says U.S. stocks toppled again Wednesday, continuing a manic trend that has had the Dow industrials swinging 400 points each day this week. Intensifying worries about Europe’s sovereign-debt crisis had Wall Street more than erasing the prior day’s rally. “The turmoil that now envelopes global financial markets has come upon us with a frightening suddenness,” said David Kelly, chief market strategist at J.P. Morgan Funds. Less than three weeks ago, on July 22, the S&P 500 closed at 1,345, up almost 7% for the year, noted Kelly. At Wednesday’s close, the S&P 500 was off nearly 11% for the year. Treasurys climbed for a third day; bank stocks were slammed in the U.S. and Europe; the U.S. dollar gained and the euro lost ground. The Dow Jones Industrial Average fell 519.83 points, or 4.6%, to 10,719.94. On Tuesday the blue-chip index closed with a 429.92-point gain. On Monday, it lost 634.76 points. The three-session stretch of 400-plus moves in either direction last occurred November 2008. “Fears of a ‘repeat of 2008’ have led many individual investors to sell stocks and other risky assets,” said Kelly. But, the selloff may well be overblown, given the market has already priced in an outcome that is not yet clear. “Over the next few weeks we will get a much clearer idea about whether the economy has the resilience to stay on a growth path,” Kelly said. The Standard & Poor’s 500 Index dropped 51.77 points, or 4.4%, to 1,120.76, with financials slammed the hardest and utilities faring the best of its 10 major industry groups. Read more about financials. Bank of America Corp. shares slid 11% after Brian Moynihan, its chief executive officer, told a conference call the lender is positioned to perform even in a slower recovery, but also said economic fundamentals have improved for the country and his bank from a year ago. The Nasdaq Composite Index shed 101.47 points, or 4.1%, to 2,381.05. For every stock on the rise two fell on the New York Stock Exchange, where nearly 2.2 billion shares traded. Composite volume neared 8.3 billion. “Investors have been poking at the euro, saying they have to have a legitimate solution, they are not looking for papering over the problem, and they won’t rest until they figure out a way to devalue the euro or allow constituent countries to go back to their respective currencies,” said Jack Ablin, chief investment officer at Harris Private Bank. The benchmark indexes came off session lows after Societe Generale, the second biggest bank in France, issued a broad denial of all market rumors following speculation about the nation’s credit worthiness, which sent the expense of insuring French government debt to a high. “I think this is investors’ indictment of central governments. I thought maybe central banks commanded a bit more respect, but investors worry that we’re going to enter a downturn without the assistance of fiscal stimulus,” said Ablin. The Federal Open Market Committee on Tuesday said it would keep benchmark interest rates near zero to help prop up a recovery that is progressing slower than the central bank had anticipated. On Wednesday afternoon, President Barack Obama and Federal Reserve Chairman Ben Bernanke met at the White House, one of a series of meetings on the economy after the downgrade of the nation’s credit rating and partisan battle over the debt ceiling.

Wednesday's Closing Dow Numbers and Thursday's News:

AT&T T $27.88 -0.97 3.36% 61,979,820 NYSE: WSJ pB1 "Turmoil hits Sprint at just the wrong time" by Spencer Ante says Sprint needs cash just as borrowing becomes harder and will have trouble competing with Verizon and AT&T both of whch have Apple's iPHone, which Sprint doesn't.

Daily Report p6 "AT&T bid for T-Mobile faces Cal review" by Olga Hkarif, Bloomberg says Cal regulators have raised questions about AT&T's proposed $39 bil acquisition of T-Mobile and the deal's effect on customers.

Alcoa AA $11.6 -0.64 5.23% 37,278,784 NYSE: No mentions found.

American Express AXP $42.8 -3.30 7.16% 16,723,834 NYSE: WSJ pC7 "US stocks plummet, led by fin'ls" by Jon Cheng says fin'l stocks led the decliners Wed as the Dow plunged to an 11 month low. Bank of America was off 83 cents or 11%, JP Morgan was down $2.03 and American Express shed $3.30. Disney is charted under bad news as investors were concerned about higher costs of its ESP network.

Bank of America BAC $6.77- 0.83 10.92% 493,505,263 NYSE: WSJ pC1 "BofA on defense as shares sink" by Dan Fitzpatrick, Fin Times p13 "BofA chief defends record but rules out increasing dividend" by Tom Braithwaite say BofA shares led a fin'l rout for the 2nd time ths week as pressure builds on BofA CEO Brian Moynihan. BofA shares slid yesterday 11% to $6.77 Moynihan struck a contrite tone in an unusual public conference call.

WSJ pC7 "US stocks plummet, led by fin'ls" by Jon Cheng says fin'l stocks led the decliners Wed as the Dow plunged to an 11 month low. Bank of America was off 83 cents or 11%, JP Morgan was down $2.03 and American Express shed $3.30. Disney is charted under bad news as investors were concerned about higher costs of its ESP network.

WSJ pC12 "Banks face 2 mroe years of famine" by David Reilly says all 6 of the biggest US banks, including Bank of America and JPmorgan, traded Wed for less than book value or net worth. Investors believe they are either under capitalized or will destroy value because they won't generate returns that exceed their cost of capital. Low interest rates are bad for banks and could have banks singing the blues for the next 2 years.

Boeing BA $57.41 -4.93 7.91% 13,536,331 NYSE: No mentions found.

Caterpillar CAT $83.51 -3.97 4.54% 15,324,281 NYSE: No mentions found.

Chevron CVX $90.57 -2.83 3.03% 18,072,841 NYSE: No mentions found.

Cisco CSCO $13.73 -0.325 2.31% 145,894,020 NASDAQ-GS: WSJ pB5 "At Cisco, results show progress" by Don Clark, NYT pB3 "Profit slides on soft sales, but Cisco stays upbeat" by VeneKopytoff say Cisco had a steep drop in quarterly profit but showed signs of weathering an uncertain tech market as its 4Q net income fell 36% but rev rose 3.3%, higher than expected. Cisco had earnings per share of 40 cents. Net income declined to $2.2 bil down from $2.5 bil or 43 cents a sahre from eyar earlier period. Rev rose to $11.2 bil from $10.8 bil.

Coke KO $63.96 -2.72 4.08% 19,130,853 NYSE: No mentions found.

Disney DIS $31.54 -3.16 9.11% 87,029,766 NYSE: FT p10 "Disney" Disney reported 78 cents in earnings pe Share on Tues but it was a penny short of expectations so that helped send its shares down 10 the next day, more than the market.

WSJ pC7 "US stocks plummet, led by fin'ls" by Jon Cheng says fin'l stocks led the decliners Wed as the Dow plunged to an 11 month low. Bank of America was off 83 cents or 11%, JP Morgan was down $2.03 and American Express shed $3.30. Disney is charted under bad news as investors were concerned about higher costs of its ESP network.

DuPont DD $44.83 -1.88 4.02% 18,148,924 NYSE: No mentions found.

Exxon XOM $68.03 -3.61 5.04% 47,733,225 NYSE: No mentions found.

GE $15.09 -0.87 5.45% 134,797,877 NYSE: No mentions found.

Hewlett-Packard HPQ $29.86 -1.67 5.3% 27,694,811 NYSE: No mentions found.

Home Depot HD $28.51 -1.64 5.44% 23,454,746 NYSE: No mentions found.

Intel INTC $19.93 -0.67 3.25% 95,392,696 NASDAQ-GS: No mentions found.

IBM $162.54 -8.07 4.73% 13,990,919 NYSE: No mentions found.

JPMorgan JPM $34.37 -2.03 5.58% 83,826,978 NYSE: WSJ pC7 "US stocks plummet, led by fin'ls" by Jon Cheng says fin'l stocks led the decliners Wed as the Dow plunged to an 11 month low. Bank of America was off 83 cents or 11%, JP Morgan was down $2.03 and American Express shed $3.30. Disney is charted under bad news as investors were concerned about higher costs of its ESP network.

Johnson & Johnson JNJ $60.2 -2 3.22% 32,684,008 NYSE: WSJ pB3 "J&J makes progress in probe of Risperdal drug" by Jonn Rockoff says Johnson & Johnson has agreed in principle to plead guilty to a misdemeanor criminal charge as part of a settlement of a fed probe into off label marketing of antipsychotic Rispedal, though several other issues remain under discussion.

Kraft KFT $32.8 -1.42 4.15% 23,871,305 NYSE: No mentions found.

McDonald's MCD $84.08 -1.88 2.19% 13,492,907 NYSE: No mentions found.

Merck MRK $29.81 -1.41 4.52% 33,578,686 NYSE: No mentions found.

Microsoft MSFT $24.2 -1.38 5.39% 127,774,268 NASDAQ-GS: No mentions found.

Pfizer PFE $17.05 -0.55 3.13% 101,710,431 NYSE: No mentions found.

Procter & Gamble PG $58.51 -1.71 2.84% 23,345,424 NYSE: WSJ pC12 "The Tide cold be turning against Procter & Gamble" by John Jannarone says since 8/1 Procter & Gamble has been one of the market's best performers down just 4% while the S&P is down 12% due to the belief that people still have to buy basic household products but P&G have already lowered costs, has shed brands and face price cuts from competition so they may not do as well this time around.

3M MMM $78.23 -4.46 5.39% 9,376,695 NYSE: No mentions found.

Travelers TRV $49.04 -2.65 5.13% 11,452,401 NYSE: No mentions found.

United Technologies UTX $67.44 -4.13 5.77% 10,378,852 NYSE: No mentions found.

Verizon VZ $33.66 -0.63 1.84% 33,747,210 DualListed: WSJ pB4 "Verizon may expand unlimited prepaid plan" by Greg Bensinger says Veizon may epand a $50 unlimited prepaid offering being tested in Fla & Cal to more markets, a direct threat to Sprint & MetroPCS.

WSJ pB5 "A smaller strike at Verizon Wireless" by Greg Bensinger, NYT pB2 "Verizon landline unit at heart of strike" by Steve Greenhouse say while most of the 45,000 landline workers were on strike for a 4th day, less than 0.2% of the Wireless operations, who due to legacy issues are still part of the Comm. Workers of America also went on strike.

Walmart WMT $48.41 -2.41 4.74% 26,998,294 NYSE: Fin Times p14 "Walmart taps iPad opportunity" by Barney Jopson says Walmart is launching its video streaming service on Apple's iPad as it steps up digital investments to counter the effect of declining DVD sales.

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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 Lowell McAdam (NY, NY) (Lowell C. McAdam becomes CEO in August)
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 8/2/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $386.5 [5]
2. Procter & Gamble PG 244 [4]
3. Microsoft MSFT 228 [8.5]
4. IBM 214 [1]
5. Chevron CVX 210 [2]
6. GE 183.5 [10.5]
7. WalMart WMT 181.5 [3.5]
8. Johnson & Johnson JNJ 175 [3]
9. AT&T T 174 [6]
10. JPMorgan Chase JPM 159 [4]
11. Coke KO 154 [2.5]
12. Pfizer PFE 145.5 [8]
13. Intel INTC 116 [5.5]
14. Verizon VZ 110.5 [3]
15. Merck MRK 106 [3]
16. Bank of America BAC 97.5 [10]
17. McDonald's MCD 89 [1]
18. Cisco CSCO 85.5 [5.5]
19. United Technologies UTX 72.5 [1]
20. Hewlett-Packard HPQ 72 [2]
21. Disney DIS 71.5 [2]
22. Caterpillar CAT 63.5 [.5]
23. 3M MMM 61 [.5]
24. Kraft KFT 60 [2]
25. American Express AXP 59 [1]
26. Home Depot HD 53 [1.5]
27. Boeing BA 51 [1]
28. DuPont DD 47 [1]
29. Travelers TRV 23 [.5]
30. Alcoa AA 15.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 8/2/11:

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

AT&T T: 8/1/11 8K re: tendering of all its shares of Telefonos de Mexcio
7/21/11 8K re: 2Q results
6/27/11 8K re: minor amendments to Bylaws
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: 7/28/11 8K re: 5 year revolving crdit agreement with Citibank
7/21/11 10Q for Qtr ended 6/30/11
7/14/11 8K re: 2Q earnings call transcript
7/12/11 8K re: 2Q results
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: 7/20/11 8K re: 2Q results
7/15/11 8K re: delinq. & write-off stats qtr. ended 6/30/11
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: 7/19/11 8K re: 2Q results
7/6/11 8KA re: settlement of Countrywide mortgage claims
6/29 8K re: election of Bruce R. Thompson as CFO
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.

Boeing BA: 7/27/11 10Q for Qtr ended 6/30/11
7/27/11 8K re: 2Q results
6/14/11 8K re: resignation of John E. Bryson from Baord of Directors to be Pres. Obama's US Sec'y of Commerce & 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 Shareholders
3/18/11 Proxy Statement re: Annual Meeting of Shareholders to be held 5/2/11 in Chicago

Caterpiller CAT: 7/22/11 8K re: 3 mos. dealer stats
7/22/11 8K re: 2Q results ended 6/30/11
7/12/11 8K re: segment operating results 3/31/11
7/8/11 8K re: closing of Bucyrus acquisition
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: floating rate senior notes due '12 through '17
5/26/11 Porxy Material re Letter to institutional stockholders re: voting recommendations 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.

Chevron CVX: 7/29/11 8K re: 2Q results
7/11/11 8K re: 2Q interim update
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 7/18/11 8K re: cutting of 6,500 jobs
6/22/11 8K re: executives' pre-arranged stock trading plans
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 8/1/11 10Q 2 results ended 7/1/11
7/19/11 8K re: 2Q results
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

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: 7/28/11 8K re: 2Q results
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

ExxonMobil XOM: 7/28/11 8K re: 2Q results
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: 7/29/11 10Q 2Q results ended 6/30/11
7/29/11 13F-HR Inst't'l holdings
7/22/11 8K re: 2Q results
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: 7/22/11 8KA re: frequency of advisory votes on exec comp.
7/21/11 8K re: plan to repurchase $10 bil of its shares
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: Floating Rate Global 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: amending 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

Intel INTC: 7/27/11 8K re: election of Andy D. Bryant to Board of Dirs.
7/21 & 7/20/11 8Ks re: 3Q results ended 7/2/11
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: 7/26/11 10Q & 7/19/11 & 7/18/11 8Ks re: results for quarter ended 6/30/11
7/21/11 8K re: underwriting agreement re: issuance of $2 bil of debt
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: 7/27/11 & 7/21/11 8Ks re: legal opinions re: debt issues
7/14/11 8K re: investor presentation re: 2Q results
7/14/11 8K re: 2Q results
6/29/11 8K re: closing of $2.5 bil issue of 3.15% Notes due 2016
6/21/11 8K re: closing of $400 mil flotating rate senior med-term notes dues '14
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

Johnson & Johnson JNJ : 7/19/11 8K re: selling of Ortho Dermatologics Div.
7/19/11 8K re: 2Q results 7/3/11
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: 7/14/11 8K re: change of exec vp.
7/1/11 8K re: departure of CFO timothy R. McLevish (change to termination agreement)
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: 7/26/11 8K re: amendment to Bylaws
7/22/11 8K re: 2Q results ended 6/30/11
7/1/11 Prospectus re: issuance of 3,430,000 shares of commons stock in Direct Stock Purchase Plan
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: Investor 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: 7/29/11 8K re: 2Q results
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: 7/28/11 10K year ended 6/20/11
7/21/11 8K re: 4Q & year end results
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:8/2/11 8K re: 2Q results
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: 7/12/11 8K re: quarterly dividend of 0.525 cents payable 8/15 to recorder holders on 7/22
7/1/11 Prelim Proxy re: Annual Shareholder Meeting 10/11/11 in Cincinnati
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

3M MMM: 7/26/11 8K re: 2Q results
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 Proxy 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

Travelers TRV: 7/21/11 & 7/21/11 8K re: Qtr. ended 6/30/11
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 annual report to shareholders
4/12/11 2 proxy filings re: annual meeting of shareholders on 5/26/11 at Hartford, CT

United Technologies UTX: 7/25/11 10Q & 7/2011 8K re quarter ended 6/30/11
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: 7/28/11 10Q & 7/25/11 8K re: quarter ended 6/30/11
7/22/11 8K re: replacement of Ivan Seidenberg as CEO with Lowell C. McAdam effective 8/1/11
6/24/11 8K re: Guarantee of debentures of 10 domestic telephone subsidiaries
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 of 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