Thursday, October 20, 2011

10/20/11 Thurs pm Dow Closes at 11,541.78 up 37.16 or 0.32%

www.DowJonesMonitor.com

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

Post No. 1,277 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 September 23, 2011.

The Dow Jones Industrial Average closed Thursday at 11,541.78 up 37.16 or 0.32% from Wednesday's close of 11,504.62. Of the 30 Dow components 21 gained and 9 declined. The biggest gainer dollar-wise was Chevron CVX $103.39 +1.15 1.12% 8,705,824 NYSE and percentage-wise was JPMorgan JPM $33.13 +0.88 2.73% 41,644,365 NYSE. The biggest decliner dollar-wise was Intel INTC $23.61 -0.63 2.6% 88,610,892 NASDAQ-GS and percentage-wise was Boeing BA $62.49 -0.62 0.98% 6,272,653 NYSE.

As of the open of the market Thursday, the current divisor for the Dow Jones Industrial Average found at page C5 of Thursday's Wall St. Journal is 0.132129493. Today's trailing P/E ratio is 12.7 up from Wednesday's trailing P/E ratio of 12.72 (year ago it was 14.42); Thursday's P/E estimate is 11.70 unchanged from yesterday's P/E estimate of 11.70 (year ago it was 13.25), and today's dividend yield is 2.69 up from yesterday's dividend yield of 2.67 (last year it was 2.57). 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.

Thursday's Dow Jones Industrial Average closing numerator was 1,525 up 4.90 from Wednesday's closing numerator of 1,520.10. 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 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 Thursday's Dow Jones Industrial Average was $50.83 up $0.16 from Wednesday's average closing price of $50.67. The median closing price of Thursday's Dow Jones Industrial Average was $40.62 (DD/VZ)up 0.19 from Wednesday's median closing price of 40.43. The lowest volume was 3M MMM $78.68 +0.98 1.26% 4,084,566 NYSE and the highest volume again was Bank of America BAC $6.47 +0.07 1.09% 254,499,245 NYSE.

If Thursday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $490 ($152,500 - $152,967).

MarketWatch Thursday 10/20/11 5:06 pm by Wallace Witkowski & Laura Mandaro says US stocks closed an uneven day of trading with modest gains, finding some support in a commitment by Germany and France to produce a comprehensive plan to bolster the region’s banks and expand a sovereign rescue fund. The Dow Jones Industrial Average closed up 37.16 points, or 0.3%, at 11,541.78. J.P. Morgan Chase & Co. led gainers, rising 2.7%. Intel Corp. / was off the most, with a 2.6% slide. Stocks Thursday were weighed by early news reports that the EU summit — seen as a crucial step in coming up with new measures to prevent one or more sovereign debt defaults in Europe — could be postponed. But they tacked higher after Germany and France issued a joint statement that they would meet Saturday night ahead of the EU summit on Sunday, with the aim of providing a “comprehensive and ambitious response to the current crisis in the euro area,” including a revamped bailout fund and plans to strengthen European bank capital. They’ll follow that meeting with another one no later than Wednesday at which they will finalize their agreement, according to the statement. Read more on what's expected at EU summit. “Overshadowing it all is Europe,” said Doug Roberts, chief investment officer for Channel Capital Research. “People are really concerned about an 11th hour resolution” for Europe, he said. Extending the week’s choppy trading, stocks spent most of Thursday’s session bouncing between gains and losses, pushing the Dow average across zero 45 times. The index has closed in a different direction from its prior session for 10 straight sessions, the longest such streak since May 2009, when stocks were climbing off bear market lows hit in March of that year. Stocks had gained in morning trading after a regional October index of manufacturing showed its first positive reading in three months.
The Philadelphia Federal Reserve said its index of manufacturing activity rebounded to 8.7 in October from negative 17.5 in September, the first positive reading in three months, and topping views for a a negative 10 reading. U.S. economic data and stronger earnings reports have vied for investors’ attention with deep uncertainty about Europe, where large deficits in some countries have made at least one sovereign bond default likely. James Paulsen, chief investment strategist at Wells Capital Management, said the market’s early drop reflected anxiety leading into the weekend meeting, and that U.S. data is consistently showing the economy is not heading toward a double-dip recession. “If we weren’t having good numbers, we’d be at 1,100 [on the S&P 500 Index] or worse,” Paulsen said. The Standard & Poor’s 500 ended up 5.51 points, or 0.5%, at 1,215.39, led by a 1.8% gain in financials as regional banks led by Fifth Third Bancorp. rallied.
Tech stocks fell the most on the index, weighed by a 5.4% drop in Dell Inc. and declines in chip makers on worries that Thai floods would disrupt some electronic parts production, perhaps for more than a quarter. The Nasdaq Composite lost 5.42 points, or 0.2%, to close at 2,598.62. Advancers surpassed decliners by 3 to 2 on the New York Stock Exchange, where 958 million shares traded hands. Headlines from Europe largely overshadowed the day’s U.S. economic reports. The Conference Board’s index of leading indicators rose 0.2% in September, in line with views. And the National Association of Realtors said existing home sales fell 3% in September, to a seasonally adjusted annually rate of 4.91 million. Economists had expected 4.9 million. Ahead of the opening bell, the Labor Department said first-time claims for unemployment benefits slipped to 403,000 last week from 409,000 two weeks ago. Economists had expected a drop to 400,000. Many analysts look for a sustained fall below 400,000 as a sign labor markets are improving.

Thursday's Closing Dow Numbers:

AT&T T $28.99 -0.10 0.34% 31,352,964 NYSE
Alcoa AA $9.95 +0.18 1.84% 36,603,179 NYSE
American Express AXP $46.19 +0.06 0.13% 12,214,569 NYSE
Bank of America BAC $6.47 +0.07 1.09% 254,499,245 NYSE
Boeing BA $62.49 -0.62 0.98% 6,272,653 NYSE
Caterpillar CAT $84.26 +0.70 0.84% 9,435,854 NYSE
Chevron CVX $103.39 +1.15 1.12% 8,705,824 NYSE
Cisco CSCO $17.19 +0.03 0.17% 39,719,348 NASDAQ-GS
Coke KO $67.12 +0.09 0.13% 6,656,854 NYSE
Disney DIS $33.84 +0.23 0.68% 7,315,582 NYSE
DuPont DD $44.13 +0.33 0.75% 6,190,150 NYSE
Exxon XOM $78.71 +0.28 0.36% 22,217,687 NYSE
GE $16.63 +0.11 0.67% 54,948,478 NYSE
Hewlett-Packard HPQ $24.74 -0.24 0.96% 18,694,759 NYSE
Home Depot HD $35.73 +0.33 0.93% 9,477,086 NYSE
Intel INTC $23.61 -0.63 2.6% 88,610,892 NASDAQ-GS
IBM $177.25 -0.14 0.08% 7,510,289 NYSE
JPMorgan JPM $33.13 +0.88 2.73% 41,644,365 NYSE
Johnson & Johnson JNJ $62.53 -0.11 0.18% 11,547,192 NYSE
Kraft KFT $35.06 +0.21 0.6% 8,148,993 NYSE
McDonald's MCD $89.01 -0.61 0.68% 6,965,147 NYSE
Merck MRK $32.8 +0.26 0.8% 13,555,596 NYSE
MSFT $27.04 -0.09 0.33% 75,919,745 NASDAQ-GS
Pfizer PFE $18.73 +0.08 0.43% 41,996,677 NYSE
Procter & Gamble PG $65.09 +0.34 0.53% 7,712,370 NYSE
3M MMM $78.68 +0.98 1.26% 4,084,566 NYSE
Travelers TRV $54.53 +0.14 0.26% 6,867,974 NYSE
United Technologies UTX $74.25 +0.99 1.35% 5,019,377 NYSE
Verizon VZ $37.1 +0.05 0.13% 12,341,001 DualListed
Walmart WMT $56.37 +0.12 0.21% 12,641,688 NYSE
******************
The following are excerpts from Thurs morning's Blog.

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

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Wednesday at 11,504.62 down 72.43 or 0.63% from Tuesday's close of 11,577.05. For the year the Dow is down 0.63%. Of the 30 Dow components 4 gained and 26 declined. The biggest gainer dollar-wise and percentage-wise was Travelers $54.39 +2.93 5.69% 7,801,262 NYSE. The biggest decliner dollar-wise was Johnson & Johnson JNJ $62.64 -1.78 2.76% 19,849,946 and percentage-wise was Alcoa AA $9.77 -0.37 3.65% 34,886,049 NYSE.

WSJ pC4 "Beige Book casts pal over the Blue Chips" by Jon Cheng says stocks dropped as a gloomy assessment of the US economy from the Fed Res added toa sharp fall in tech stocks after Apple's earnings disappointment. High tech stocks were weak as Hewlett-Packard lost 63 cents & Cisco fell 35 cents.

Fin Times p22 "Western Digital sinks as Brussels approves rival's hard drive deal" b yAjay Makan says hard drive maker Western Digital sank on news that the Euopean Comm had approved rival Seagate's purchase of Samsung's hard disk drive div. Intel rose 3.6% after posting record quarterly rev & earnings per share of 65 cents, despite a 32% decline in sales.

NYT pB4 "Profit disappointment at Apple weighs down tech issues" by Bloomberg says stocks in the US fell & the euro erased gains as a split emerged between France & Germany on ways to increase the European bailout fund. Apple's shares pushed tech stocks lower after iPhone sales in 4Q disappointed.

USA Today p4B "Stocks drop as investors fear Europe's time is running out" by Bloomberg says stocks fell Wed amid concern about the strength of the economy & an impasse over European bailout talks.

Wednesday's Dow Jones Industrial Average closing numerator was 1,520.10 down 9.57 from Tuesday's closing numerator of 1,529.67. 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 $50.67 down $0.32 from Tuesday's average closing price of $50.99. The median closing price of Wednesday's Dow Jones Industrial Average was $40.43 (DD/VZ)down 0.68 from Tuesday's median closing price of 41.11. The lowest volume was 3M MMM $77.7 0.66 0.84% 3,839,657 NYSE and the highest volume again was Bank of America BAC $6.4 -0.24 3.61% 314,611,264 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 $957 ($152,967).

MarketWatch Wednesday 10/19/11 5:13 pm by Wallace Witkowski & Laura Mandaro says U.S. stocks fell Wednesday after indications showed the U.S. economy was growing at a weak pace and on disappointing earnings from Apple Inc., and as investors assessed European efforts to fix the region’s debt problems. The decline, which solidified in the latter part of the session, marks the ninth straight session the Dow Jones Industrial Average DJIA -0.63% has closed in a different direction from the prior trading day. Joel Greenblatt, founder and value investor at Gotham Capital in New York, talks with Steve Eder about why investing in hedge funds is seen as a way to get "more bang for your buck." The Dow industrials ended down 72.43 points, or 0.6%, at 11,504.62, after rising nearly 57 points and falling as much as 108 points. The index had been higher before the Federal Reserve’s afternoon release of regional indicators, known as the Beige Book. The report said many districts saw “modest” to “slight” growth. “Contacts generally noted weaker or less certain outlooks for business conditions,” the report said. Investments recently sought as safe-haven assets, such as Treasurys and the U.S. dollar, pared losses after the report. The S&P 500 Index SPX -1.26% ended down 15.5 points, or 1.3%, to 1,209.88 points. It had risen as high as 1,229.64. Losses were led by declines in the metals and chemicals-heavy materials sector, followed by technology. Utilities was the only sector to gain. Other so-called defensive sectors, such as health care, also outperformed. The Nasdaq Composite Index COMP -2.01% slid 53.39 points, or 2.01%, at 2,604.04, weighed down by a 5.6% drop in the shares of Apple Inc. AAPL +0.30%. John Canally, an investment strategist at LPL Financial, said the market is still in a tug of war between economic data and earnings and the sovereign-debt crisis in Europe, with the continent exerting about 80% of the influence. Markets were sensitive to media reports on possible European efforts to leverage their bailout fund. French President Nicolas Sarkozy was expected to fly to Frankfurt Wednesday to meet with German Chancellor Angela Merkel, International Monetary Fund chief Christine Lagarde and other officials ahead of a key summit meeting of euro-area leaders on Sunday, news reports said. Sarkozy told French lawmakers that a dispute over how to boost the firepower of the European Financial Stability Facility, the region’s bailout fund, had stalled talks, Reuters reported. Stocks had been bolstered late Tuesday after an article in U.K.’s Guardian newspaper late Tuesday said Germany and France had agreed on a plan to expand the bailout fund to 2 trillion euros, or $2.67 trillion. The article was later shot down by unnamed sources cited by Dow Jones Newswires. Canally said the S&P 500 should maintain its 1,225 level or trade higher if investors still believe progress is being made in Europe. E.U. leaders are expected to announce progress on the region’s debt crisis at a summit meeting this Sunday. He cautioned, however, that European leaders need to come up with a large-funded, specific plan or risk a flop much like Treasury Secretary’s Timothy Geithner’s much-criticized stability plan in February 2009. “This could end up being Europe’s Tim Geithner moment,” LPL’s Canally said. Analysts have noted that even disparate talk of a more powerful fix to the euro-zone crisis could provide a floor for stocks and investments that are closely correlated to equities. “We’re on pause as to what’s going to come from Europe,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott LLC. “The market could drift higher in the absence of anything affirmative, but so far we’ve seen a lot of talk and no action, so we have to keep an eye toward disappointment.” Alcoa Inc. AA +1.54% and Bank of America Corp. BAC +0.16% led Dow decliners, falling more than 3%. On the positive side of the market, Travelers Cos. TRV -0.21% shares rallied 5.7%, leading the blue-chip gains, after the insurer’s earnings report included progress on raising prices — signaling the industry may be on the mend. Intel Corp. INTC +0.12% shares also provided support to the Dow, adding 3.6% after the semiconductor maker reported a 17% jump in quarterly earnings late Tuesday. Apple, a significant component of the Nasdaq, had its worst session since December 2008 after the consumer-electronics maker late Tuesday reported earnings that fell short of analysts’ estimates because of a surprise drop in iPhone sales from the June quarter. Morgan Stanley MS +0.06% pared earlier gains to close up 0.1%. The investment bank reported a jump in profit and a 46% surge in revenue. Accounting for changes in credit spreads boosted its bottom line, similar to other big banks this quarter. Stock futures had pared losses following before-the-bell economic releases on consumer prices and housing. Housing starts jumped 15% in September to a 17-month high, according to the Commerce Department. Increased demand for rental stock and rebuilding after Hurricane Irene supported new construction. The Labor Department also reported that consumer prices rose 0.3% in September.

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

AT&T T
$29.09 -0.12 0.41% 19,612,103 NYSE: WSJ pB5 "IPhone new host isn't T-Mobile" by Greg Bensinger says C Spire, f/k/a Cellular South is offering cheaper monthly unlimited data plans that AT&T and Verizon wireless.

Alcoa AA
$9.77 -0.37 3.65% 34,886,049 NYSE: No mentions found.

American Express AXP
$46.13 -0.55 1.18% 8,692,566 NYSE: WSJ pC2 "American Express earnings climb 13%" by Andy Johnson says its profit rose 13% to $1.2 bil or 1.03 a share up from $1.1 bil or 90 cents a share a year ago. Rev increased 9% to $7.6 bil.

Bank of America BAC
$6.4 -0.24 3.61% 314,611,264 NYSE: WSJ pC1 "Citi pays $285 mil to settle fraud charges" by Jean Eaglesham says Citi will pay this amount to settle with the SEC for civil fraud. Similar cases are pending against other banks including Bank of America & JPMorgan.

WSJ pC2 "Judge OKs BofA settlement" by Joe Checkler says a judge ok'd Lehman's settlement with Bank of America to reduce by more than $4 bil their derivative claims vs. the liquidating bank.

Boeing BA
$63.11 -0.36 0.57% 4,823,896 NYSE: No mentions found.

Caterpillar CAT
$83.56 -1.16 1.37% 8,649,972 NYSE: No mentions found.

Chevron CVX
$102.24 -0.71 0.69% 8,556,079 NYSE: No mentions found.

Cisco CSCO
$17.16 -0.35 2% 35,479,082 NASDAQ-GS: WSJ pC4 "Beige Book casts pal over the Blue Chips" by Jon Cheng says stocks dropped as a gloomy assessment of the US economy from the Fed Res added toa sharp fall in tech stocks after Apple's earnings disappointment. High tech stocks were weak as Hewlett-Packard lost 63 cents & Cisco fell 35 cents.

Coke KO
$67.03 +0.29 0.43% 7,651,512 NYSE: No mentions found.

Disney DIS
$33.61 -0.33 0.97% 7,430,734 NYSE: No mentions found.

DuPont DD
$43.8 -1.18 2.62% 6,709,953 NYSE: No mentions found.

Exxon XOM
$78.43 -0.46 0.58% 20,768,918 NYSE: No mentions found.

GE
$16.52 -0.19 1.14% 51,436,977 NYSE: WSJ pA2 "Fed to fix flaws at regional boards" by Michael Crittenden says the Gov Accountability Office singled out conflicts of interests among Fed Board members and singled out officer from GE & JPMorgan.

Fin Times p15 "Nomura set for GE Capital deal" by indsay Whipp says Nomura will buy a finance firm from GE Capital's China business.

Hewlett-Packard HPQ
$24.98 -0.63 2.46% 13,724,530 NYSE: WSJ pC4 "Beige Book casts pal over the Blue Chips" by Jon Cheng says stocks dropped as a gloomy assessment of the US economy from the Fed Res added toa sharp fall in tech stocks after Apple's earnings disappointment. High tech stocks were weak as Hewlett-Packard lost 63 cents & Cisco fell 35 cents.

Home Depot HD
$35.4 -0.55 1.53% 9,614,256 NYSE: No mentions found.

Intel INTC
$24.24 +0.84 3.59% 139,192,661 NASDAQ-GS: Fin Times p22 "Western Digital sinks as Brussels approves rival's hard drive deal" b yAjay Makan says hard drive maker Western Digital sank on news that the Euopean Comm had approved rival Seagate's purchase of Samsung's hard disk drive div. Intel rose 3.6% after posting record quarterly rev & earnings per share of 65 cents, despite a 32% decline in sales.

IBM
$177.39 -1.51 0.84% 6,609,911 NYSE: No mentions found.

JPMorgan JPM
$32.25 -0.62 1.89% 48,973,231 NYSE: WSJ pC1 "Citi pays $285 mil to settle fraud charges" by Jean Eaglesham says Citi will pay this amount to settle with the SEC for civil fraud. Similar cases are pending against other banks including Bank of America & JPMorgan.

WSJ pA2 "Fed to fix flaws at regional boards" by Michael Crittenden says the Gov Accountability Office singled out conflicts of interests among Fed Board members and singled out officer from GE & JPMorgan.

Johnson & Johnson JNJ
$62.64 -1.78 2.76% 19,849,946 NYSE: No mentions found.

Kraft KFT
$34.85 -0.39 1.11% 7,996,922 NYSE: No mentions found.

McDonald's MCD
$89.62 0.02 0.02% 5,659,192 NYSE: No mentions found.

Merck MRK
$32.54 -0.25 0.76% 11,849,396 NYSE: No mentions found.

Microsoft MSFT
$27.13 -0.18 0.66% 42,382,573 NASDAQ-GS: WSJ pC1 "Staid & stead keeps Microsoft in race" by Kelly Evans says Microsoft reports its 1Q results today and analysts expect them to show a 7% year on year increase in rev & a near 10% in earnings to 68 cents a share helped by cost controls. Microsoft pays a 3% dividend yield at is trading at just 9 times consensus fiscal '12 earnings.

Pfizer PFE
$18.81 -0.16 0.84% 30,598,412 NYSE: WSJ pB10 "Gene discovery was only first step" by Jon Rockoff says Vertex, Pfizer & PTC are among the firms working on drugs that aim to arrest cystic fibrosis and at last effective drugs seem near.

3M MMM
$77.7 -0.66 0.84% 3,839,657 NYSE: No mentions found.

Travelers TRV
$54.39 +2.93 5.69% 7,801,262 NYSE: WSJ pC2 "Travelers Storms hit bottom line" b Erik Holm says a rash of bad weather incuding Irene caused 3Q profit to fall 67% to $333 mil. Premium rev rose 3% to $5.6 bil.

United Technologies UTX
$73.26 -0.86 1.16% 6,394,215 NYSE: WSJ pB6 "United Technojlogies expects more cooling" by Kate Linebaugh says for 3Q UTX had a profit of $1.32 bil up from $1.2 bil a year earlier, per share earnings rose to $1.47 from 1.30 & rev increased 8.7% to $14.8 bil.

Verizon VZ
$37.05 -0.19 0.51% 10,228,502 DualListed: WSJ pB5 "IPhone new host isn't T-Mobile" by Greg Bensinger says C Spire, f/k/a Cellular South is offering cheaper monthly unlimited data plans that AT&T and Verizon wireless.

Walmart WMT
$56.25 +0.36 0.64% 12,653,293 NYSE: No mentions found.

******************************
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 Meg Whitman (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
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 9/23/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $337 [5]
2. Microsoft MSFT 210 [8.5]
3. IBM 202 [1]
4. Chevron CVX 180 [2]
5. WalMart WMT 175 [3.5]
6. Johnson & Johnson JNJ 169 [3]
7. Procter & Gamble PG 168.5 [3]
8. AT&T T 165 [6]
9. GE 161 [10.5]
10. Coke KO 155 [2.5]
11. Pfizer PFE 136 [8]
12. Intel INTC 116.5 [5]
13. JPMorgan Chase JPM 115.5 [4]
14. Verizon VZ 106.5 [3]
15. Merck MRK 95.5 [3]
16. McDonald's MCD 90 [1]
17. Cisco CSCO 86 [5.5]
18. Bank of America BAC 64 [10]
19. United Technologies UTX 62.5 [1]
20. Kraft KFT 59.5 [2]
21. American Express AXP 55.5 [1]
22. Disney DIS 55 [2]
23. Home Depot HD 53 [1.5]
24. 3M MMM 52.5 [.5]
25. Caterpillar CAT 48 [.5]
26. Hewlett-Packard HPQ 44.5 [2]
27. Boeing BA 44 [1]
28. DuPont DD 38 [1]
29. Travelers TRV 20 [.5]
30. Alcoa AA 11 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 9/23/11:

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

AT&T T: 9/8/11 8K re: redemption of certain notes
9/1/11 8K re: Dept. of Justice lawsuit to block AT&T acquisition of T-Mobile saying it will lessen competition & raise prices
8/5/11 10Q for quarter ended 6/30/11
8/2/11 8K re: sale of global notes
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

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

American Express AXP: 9/15/11 & 9/14/11 8Ks re: delinquency & write-off stats for 3 months ended 8/3/1/11
8/15/11 8K re: delinq. & write-off stats for months of May, June, and July 2011
8/3/11 10Q for quarter ended 6/30/11
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

Bank of Am BAC: 9/7/11 8K re: exec changes including departure of Sallie Krawcheck
9/1/11 8K re: Amend Cert of Inc to designate Pref. Shares sold to Berkshire Hathaway for $5 bil
8/29/11 8K re: selling of 13.1 bil shares of China Construct Bank
8/25/11 8K re: sale of securities to Berkshire Hathaway, Inc.
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

Boeing BA: 9/30/11 8K & 8KA re: frequency of shareholder advisory votes
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: 9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreemet
8/18/11 8K re: 3 mos. dealer stats
8/12/11 8K re: clairifcation of order backlog
8/4/11 10Q for quarter ended 6/30/11
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: 9/7/11 8K/A re: frequency of shareholder advisory votes
8/4/11 10Q for quarter ended 6/30/11
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 9/20/11 8K re: contract with Exec VP Wim Elfrink
9/14/11 10K for year ended 7/30/11
8/24/11 8K re: pre-arranged stock trading plan for CEO John Chambers
8/10/11 8K re: 4Qtr results
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 9/1/11 8K re: issuance of senior notes
8/24 & 8/8 8Ks re: issuance of securities as an off-alance sheet arrangement re: Coca-Cola Refreshments USA, Inc.
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 8/19/11 8K re: sale of $750 mil of Global Notes
8/19 10Q & 8/9 8K re: esults of quarter ended 7/2/11
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

DuPont DD: 8/8/11 10Q for quarter ended 6/30/11
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

ExxonMobil XOM: 8/4/11 10Q for quarter ended 6/30/11
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: 9/13/11 8K re: redemption of shares held by Berkshire hathaway for $3.3 bil
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

Hewlett-Packard HPQ: 9/22/11 8K re: replaceemnt of CEO Leo Apotheker with Meg Whitman effective immediately
9/19/11 8KA & 8K re: issuance of flotaing global notes
9/13/11 8K re: purchse of Autonomy Corp.
9/9/11 10Q for quarter ended 7/31/11
8/19/11 8K re: offer to purchase Autonomy Corp plc
8/18/11 8K re: 3rd Quarter results ended 7/31/11
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

Home Depot HD: 9/1/11 10Q for quarter ended 7/31/11
8/16/11 8K re: results of quarter ended 7/31/11
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: 9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
8/8/11 10Q for quarter ended 7/2/11
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

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

JPMorganChase JPM: 9/13/11 8K re: FD Disclosure re: guidance given at investor conference
8/24/11 8K re: Master Agency Agreement re: Notes offering from time to time
8/10/11 8K re: closing of sale of $1.25 bil of 4.35% notes due 2021
8/5/11 8K re: 10Q for quarter ended 6/30/11
8/5/11 8K re: closing of sale of notes due 2016
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 : 8/9/11 10Q for equarter ended 7/3/11
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

Kraft KFT: 9/7/11 8K re: FD Disclosure re: presentation at investor conference
8/5/11 10Q for quarter ended 6/30/11
8/14/11 8K re: amendment of severance agreement with ex-CFO Tim McLevish
8/4/11 8K re: Board of Dirs. intent to spin off global snack business & a N. Amer. grocery business
8/4/11 8K re: 2nd quarter results for quarter ended 6/30/11
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

McDonald's MCD: 9/12/11 8K re: August sales
8/19/11 8Ka re: plans to hold annual advisory vote on exec compensation
8/8/11 8K re: investors release
8/5/11 10Q for quarter ended 6/30/11
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.

Merck MRK: 8/8/11 10Q for quarter ended 6/30/11
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

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

Pfizer PFE: 8/11 10Q for quarter ended 7/3/11
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

Procter & Gamble PG: 9/7/11 Def. 14A Proxy Material re: voting recommendations for directors
8/26/11 Def. 14A Proxy Statement for Notice of Annual Meeting of Shareholder on 10/11/11
8/15/11 8K re: closing of public offering of $1 bil 1.4% Notes due '16
8/10/11 10K for year ended 6/30/11
8/5/11 8K re: results for quarter ended 6/30/11
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

3M MMM: 9/8/11 8K re: Distribution Agrmt with Goldman Sachs re: $3 bil of notes
8/30/11 8K re: $200 mil credit agreement with HSBC Bank
8/10/11 8K re: $1.5 bil 5 year revolving credit agreement with J.P.Morgan Chase
8/4/11 10Q for quarter ended 6/30/11
8/2/11 2 8Ks re: adopotion of executive pre-arranged stock trading plans
8/2/11 8K re: results of 2nd quarter
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

Travelers TRV: 9/20/11 8K/A re: frequency of non-binding advisory shareholder votes
8/8/11 8K re: restatement of articles of incorporation to cancel Series B Conv. Pref. Stock
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: 9/23/11 8K & Def. 14A Proxy Material re: acqusition of Goodrich
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

Verizon Communications Inc. VZ: 9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.
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

WalMart WMT: 9/1/11 10Q for quarter ended 7/31/11
8/16/11 8K re: results for 3 and 6 months ended 7/31/11
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