11/3/11 Thurs. am Kraft's Profits Up 22%; Procter & Gamble May Not Sell Pringles to Diamond

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Post No. 1,300 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 November 1, 2011.

A read of the print editions of Thursday's The Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga-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 11,836.04 up 178.08 or 1.53 from Tuesday's close of 11,657.96. For the year the Dow is up 2.23%. Of the 30 Dow components 29 gained and only Intel declined. The biggest gainer dollar-wise was IBM and percentage-wise was Bank of America NYSE. The only decliner dollar-wise and percentage-wise was Intel.

WSJ pC1 "Stocks up big on Ben" by Jon Cheng says Fed Res Char Ben Bernanke indicated he is prepared to step in if needed to help the economy which sent the Dow up 1.5%, drove Treasury yields below 2% & sparked a brief rally in mortgage bonds.

Fin Tmes p24 "Wireless network providers surge after House votes to ban new taxes" by Ajay Makan says wireless network providers surged after the House of Reps voted Mon night to bar new state & local taxes on wireless services. The fin'l sector was up in a clear sign of a Europe driven rally as Bank of America was up 3.9%.

USA Today p4B "Stocks rise on optimism for strengthening economy" by Bloomberg says stocks rose as the Fed Res said economic growth strengthened & it is prepared to take action if necessary to safeguard the recovery. Verizon rose 33 cents, AT&T added 38 cents as the S House voted to bar new state & local taxes on wireless service.

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. Thursday's trailing P/E ratio is 12.78 up from Wednesday's trailing P/E ratio of 12.58 (year ago it was 14.28); Thursday's P/E estimate is 12.59 unchanged from Wednesday's P/E estimate of 12.59 (year ago it was 13.15), and Thursday's dividend yield is 2.62 down up from yesterday's dividend yield of 2.52 (last year it was 2.53). 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 1,563.89 up 23.53 from Tuesday's closing numerator of 1,540.36. 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 Wednesday's Dow Jones Industrial Average was $52.13 up 0.78 from Tuesday's average closing price of $51.35. The median closing price of Wednesday's Dow Jones Industrial Average was $42.32 (DD/VZ) up 0.64 from Tuesday's median closing price of 41.68. The lowest volume was 3M and the highest volume again was Bank of America.

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 $2,393 ($156,389 - $154,036).

MarketWatch Wednesday 11/2/11 4:12 pm by Laura Mandaro says US stocks closed sharply higher Wednesday, bouncing back after a deep two-day retreat, as investors took heart from better-than-forecast October jobs data from payroll provider ADP and comments from the Federal Reserve, which noted recent improvement in the economy. Europe's future was also in play as European officials signaled further Greek bailout money was on hold. The Dow Jones Industrial Average DJIA +1.53% was up 178.08 points, or 1.5%, to 11,836.04. It had fallen 4.7% over the prior two sessions. The S&P 500 gained 19.62 points, or 1.6%, to 1,237.9. The Nasdaq Composite rose 33.02 points, or 1.3%, to 2,639.98.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T $29.1 +0.40 1.39% 18,977,505 NYSE: USA Today p4B "Stocks rise on optimism for strengthening economy" by Bloomberg says stocks rose as the Fed Res said economic growth strengthened & it is prepared to take action if necessary to safeguard the recovery. Verizon rose 33 cents, AT&T added 38 cents as the S House voted to bar new state & local taxes on wireless service.

Alcoa AA $10.71 +0.31 2.98% 26,537,375 NYSE: No mentions found.

American Express AXP $50.4 +1.41 2.88% 6,369,331 NYSE: No mentions found.

Bank of America BAC $6.72 +0.32 5% 199,995,510 NYSE: Fin Tmes p24 "Wireless network providers surge after House votes to ban new taxes" by Ajay Makan says wireless network providers surged after the House of Reps voted Mon night to bar new state & local taxes on wireless services. The fin'l sector was up in a clear sign of a Europe driven rally as Bank of America was up 3.9%.

Boeing BA $64.46 +1.29 2.04% 5,233,443 NYSE: NYT pB1 "280 big public firms paid little US tax" by David Kocieniewski said Boeing escaped liability for three years.

Caterpillar CAT $94.01 +2.38 2.6% 8,785,644 NYSE: No mentions found.

Chevron CVX $104.66 +2.58 2.53% 7,175,881 NYSE: No mentions found.

CSCO $17.85 +0.26 1.48% 37,881,113 NASDAQ-GS: No mentions found.

Coke KO $67.8 +0.76 1.13% 6,146,179 NYSE: No mentions found.

Disney DIS $34.06 +0.46 1.37% 7,834,197 NYSE: No mentions found.

Dupont DD $47.83 +0.95 2.03% 7,067,181 NYSE: No mentions found.

Exxon XOM $77.45 +1.51 1.99% 19,348,287 NYSE: No mentions found.

GE $16.28 +0.26 1.62% 40,343,636 NYSE: No mentions found.

Hewlett-Packard HPQ $25.915 +0.275 1.07% 14,943,404 NYSE: No mentions found.

Home Depot HD $36 +0.46 1.29% 8,029,393 NYSE: AJC pA13 "Home Depot to hrie 700" by Janel Davis says Home Depot will open a new customer support call cente rnear Atlanta.

Intel INTC $23.85 -0.05 0.21% 55,300,160 NASDAQ-GS: No mentions found.

IBM $184.11 +2.76 1.52% 3,585,058 NYSE: No mentions found.

JPMorgan JPM $33.7 +0.99 3.03% 30,198,720 NYSE: No mentions found.

Johnson & Johnson JNJ $63.65 +0.27 0.43% 9,073,400 NYSE: No mentions found.

Kraft KFT $34.68 +0.12 0.35% 7,431,084 NYSE: WSJ pB3 "Kraft passes along costs, profit rises" by Paul Ziobro, NYT pB6 "Kraft raises its outlook for the year" by AP say Kraft had a profit of $922 mil or 52 cents a share up from $754 mil or 43 cents a share a year earlier. Rev rose 12% to $13.2 bil For the full year, it projected operating earnings of $2.27 a share up from previous guidance of $2.25.

McDonald's MCD $92.55 +0.64 0.7% 4,930,288 NYSE: No mentions found.

Merck MRK $34.21 +0.15 0.44% 11,231,326 NYSE: No mentions found.

Microsoft MSFT $26.01 +0.02 0.08% 51,784,401 NASDAQ-GS: No mentions found.

Pfizer PFE $19.55 +0.22 1.14% 34,344,764 NYSE: WSJ pB1 "The free speech pill" by Tom Burton says drug makers are mounting a legal campaign to overturn longstanding US regulations prohibiting them from pitching medicines for uses not listed on the bottle. Fed prosecutors have securted huges settlements from Pfizer & other pharma firms for violating these rules.

Procter & Gamble PG $62.86 +0.15 0.24% 8,242,352 NYSE: WSJ pC12 "Procter & Gamble's Diamond loses its sparkle" by John Jannarone, WSJ pB14 "Investors punish Diamond for deay" by Hannah Karp say Diamond's audit committee is investigating how it accounts for its crop payments to walnut growers & this may put its deal to acquire Pringles from Procter & Gamble.

MMM $78.06 +1.53 2% 3,455,784 NYSE: No mentions found.

Travelers TRV $57.65 +1.22 2.16% 3,738,014 NYSE: No mentions found.

United Technologies UTX $76.91 +1.72 2.29% 4,648,788 NYSE: No mentions found.

Verizon VZ $36.8 +0.33 0.9% 12,914,492 DualListed: USA Today p4B "Stocks rise on optimism for strengthening economy" by Bloomberg says stocks rose as the Fed Res said economic growth strengthened & it is prepared to take action if necessary to safeguard the recovery. Verizon rose 33 cents, AT&T added 38 cents as the S House voted to bar new state & local taxes on wireless service.

Walmart WMT $56.86 +0.63 1.12% 8,610,621 NYSE: No mentions found.
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Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 11/1/11 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $379.5 [5]
2. Microsoft MSFT 223 [8.5]
3. IBM 217.5 [1]
4. Chevron CVX 210.5 [2]
5. WalMart WMT 195.5 [3.5]
6. GE 177 [10.5]
7. Johnson & Johnson JNJ 176.5 [3]
8. Procter & Gamble PG 176 [3]
9. AT&T T 173.5 [6]
10. Coke KO 155 [2.5]
11. Pfizer PFE 150.5 [8]
12. JPMorgan Chase JPM 135.5 [4]
13. Intel INTC 129 [5]
14. Merck MRK 106 [3]
15. Verizon VZ 104.5 [3]
16. Cisco CSCO 102 [5.5]
17. McDonald's MCD 96 [1]
18. United Technologies UTX 70.5 [1]
19. Bank of America BAC 69 [10]
20. Disney DIS 65 [2]
21. Kraft KFT 62 [2]
22. Caterpillar CAT 61 [.5]
23. American Express AXP 60.5 [1]
24. Home Depot HD 56 [1.5]
25. 3M MMM 56 [.5]
26. Hewlett-Packard HPQ 53 [2]
27. Boeing BA 49 [1]
28. DuPont DD 44.5 [1]
29. Travelers TRV 24 [.5]
30. Alcoa AA 11.5 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 11/1/11:

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

AT&T T: 10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results
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

Alcoa AA: 10/20/11 10Q for Qtr ended 9/30/11
10/14/11 8K re: transcript of 3Qtr earnings call
10/12/11 8K re: 3Qtr results

American Express AXP: 10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11
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

Bank of Am BAC: 10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price
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.

Boeing BA: 10/26/11 10Q for Qtr ended 9/30/11
10/26/11 8K re: 3Qtr results
10/4/11 8K re: election of ex-Contintel CEO Larry Kellner as Director
9/30/11 8K & 8KA re: frequency of shareholder advisory votes

Caterpiller CAT: 10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11
9/30/11 8K re: price increases
9/29/11 8K re: 3 month dealer stats
9/20/11 8KA 3 Mos dealer stats thru Aug
9/16/11 re: credit agreement
8/18/11 8K re: 3 mos. dealer stats
8/12/11 8K re: clarification of order backlog
8/4/11 10Q for quarter ended 6/30/11

Chevron CVX: 10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results
9/7/11 8K/A re: frequency of shareholder advisory votes
8/4/11 10Q for quarter ended 6/30/11

Cisco CSCO 10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA
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

Coke KO 10/28/11 S-4 re: exchange of 3.3% Notes due '21 for 1.8% Notes due '16
10/27/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
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

Disney DIS 10/25/11 8K re: resignation of Director John E. Bryson to become U.S. Secretary of Commerce
10/7/11 8K re: extension of CEO Robert A. Iger's employment contract
8/19/11 8K re: sale of $750 mil of Global Notes
8/19 10Q & 8/9 8K re: results of quarter ended 7/2/11

DuPont DD: 10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11
8/8/11 10Q for quarter ended 6/30/11

ExxonMobil XOM: 10/27/11 8K re: 3Qtr results
8/4/11 10Q for quarter ended 6/30/11

GE: 10/21/11 8K re: 3Qtr results
9/13/11 8K re: redemption of shares held by Berkshire Hathaway for $3.3 bil

Hewlett-Packard HPQ: 10/27/11 8K re: decision to keep PC unit
10/3/11 8K re: acceptance of offers to acquire Autonomy
9/29/11 8K re: separation contract with ex-CEO Leo Apotheker
9/28/11 8K re foreign antitrust approval of acquisition of Autonomy
9/22/11 8K re: replacement 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: purchase 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

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

Intel INTC: 10/19/11 & 10/18/11 8Ks re: Results for Qtr ended 10/1/11
9/19/11 & 9/14/11 8Ks re; offering of $5 bil of notes
8/8/11 10Q for quarter ended 7/2/11

IBM: 10/31/11 8K re: offering of $1.85 bil of debt
10/26/11 8K re: election of Virginia M. Rometty as CEO
10/25/11 8K re: election of David Farr, CEO of Emerson, to Bd.
10/25/11 10Q & 10/18/11 8K & 10/17/11 8K re: results for Qtr ended 9/30/11

JPMorganChase JPM: 10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results
9/30/11 8K re: reorganiz. of Retail Fin'l Services & Card Business segments
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

Johnson & Johnson JNJ : 10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11
8/9/11 10Q for quarter ended 7/3/11

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

McDonald's MCD: 10/21/11 8K re: results for 3Qtr ended 9/30/11
9/30/11 8K re: issuance of $500 mil med-term notes
9/26/11 8K re; declaration of quarterly cash dividend
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

Merck MRK: 10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp
8/8/11 10Q for quarter ended 6/30/11

Microsoft MSFT: 10/20/11 10Q & 8K re: results for Qtr ended 9/30/11
10/18/11 & 10/4/11 & 10/3/11 14A Proxies re: Annual Meeting of Shareholders to be held 11/15/11 at Bellevue, Wash.

Pfizer PFE: 8/11 10Q for quarter ended 7/3/11
8/2/11 8K re: 2Q results

Procter & Gamble PG: 10/27/11 10Q & 8Ks (two) re: results of 3 Qtr ended 9/30/11
10/14/11 8K re: voting results of annual meeting of shareholders
10/11/11 *K re: quarterly dividend of 52.5 cents
10/11/11 CEO's Bob McDonald speech at annual shareholders meeting
10/6/11 8K re: political contribution policy
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

3M MMM: 10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes
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: adoption of executive pre-arranged stock trading plans
8/2/11 8K re: results of 2nd quarter

Travelers TRV: 10/19/11 10Q & 8K re: results for Qtr ended 9/30/11
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

United Technologies UTX: 10/24/11 10Q & 10/19/11 8K re: results for Qtr ended 9/30/11
10/18/11 8K re: Pratt & Whitney & Rolls Royce partnership to develop next generation engines for mid-size aircraft
9/29/11 8K re: exec personnel changes
9/23/11 8K & Def. 14A Proxy Material re: acquisition of Goodrich

Verizon Communications Inc. VZ: 10/25/11 10Q & 10/21/11 8K re: results for Qtr ended 9/30/11
9/14/11 8K re: presentation to Merrill Lynch Media, Communication & Entertainment Conf.

WalMart WMT: 9/29/11 8K re: adoption of Deferred Com Plan
9/27/11 8K re: retirement of Vice-Chair Eduardo Castro-Wright
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