1/17/12 Tues pm Dow Closes at 12,482.07 up 60.01 or 0.48%

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Post No. 1,426 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 January 1, 2012.

The Dow Jones Industrial Average closed Tuesday at 12,422.06 up 48.96 or 0.39% from Friday's close of 12,422.06. Of the 30 Dow components 23 gained and 7 declined. The biggest gainer dollar-wise was United Technologies UTX $77.04 +0.96 1.26% 5,143,199 NYSE and percentage-wise was Merck MRK $38.82 +0.50 1.3% 16,550,598 NYSE. The biggest decliner dollar-wise was and percentage-wise was JPMorgan JPM $34.91 -1.01 2.81% 54,964,487 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 13.50 up from Friday's trailing P/E ratio of 13.49 (year ago it was 14.87); today's P/E estimate is 11.92 unchanged from yesterday's P/E estimate of 11.92 (year ago it was 12.75), and Tuesday's dividend yield is 2.58 up from yesterday's dividend yield of 2.57 (last year it was 2.44). 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.

Tuesday's Dow Jones Industrial Average closing numerator was 1,649.24 up 7.92 from Friday's closing numerator of 1,641.32. 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 Tuesday's Dow Jones Industrial Average was $54.97 up $0.26 from Friday's average closing price of $54.71. The median closing price of Tuesday's Dow Jones Industrial Average was $46.14 (DD/HD) up $0.18 from Friday's median closing price of $45.96. The lowest volume was Travelers TRV $59.69 +0.32 0.54% 2,181,030 NYSE and the highest volume again was Bank of America BAC $6.8 -0.13 1.97% 293,154,498 NYSE.

If Tuesday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $792 (164,925 - $164,132).

MarketWatch Tuesday 1/17/12 4:31 pm by Kate Gibson says U.S. stocks trimmed gains Tuesday as investors turned cautious on financial-sector earnings ahead in the wake of mixed results from Citigroup Inc. and Wells Fargo & Co. “We had Citigroup on the downside and Wells Fargo on the upside, and in the battle between Citigroup and Wells Fargo, Citigroup won,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. “The afternoon weakness is just [that] the market is just nervous, this is bank week, super Tuesday-type stuff,” added Pado of results scheduled to be released Wednesday, including earnings from Goldman Sachs Group Inc. GS +0.13% , followed by Bank of America Corp. BAC -1.97% and American Express Co. AXP -0.04% the next day. People are bracing for not such great news from Goldman Sachs and Bank of America,” he commented.
Scaling back from a 151-point jump, the Dow Jones Industrial Average DJIA +0.48% advanced 60.01 points, or 0.5%, to 12,482.07, with J.P. Morgan Chase & Co. JPM -0.06% leading blue-chip decliners after the bank on Friday reported lackluster earnings. The S&P 500 Index SPX +0.36% climbed 4.58 points, or 0.4%, to 1,293.67 with energy rising the most among its 10 major sectors. The Nasdaq Composite COMP +0.64% added 17.41 points, or 0.6%, to 2,728.08. For every stock that lost ground, nearly two gained on the New York Stock Exchange, where 810 million shares traded. Composite volume neared 3.9 billion. Carnival Corp. CCL +0.34% shares declined nearly 14%. A Carnival cruise-ship accident off the Italian coast late Friday killed at least 11 people. Citigroup. C +0.16% shares slid 8.2% after the bank reported a fourth-quarter profit decline. Wells Fargo WFC -0.08% gained 0.7% after it reported a fourth-quarter rise in income.
A gauge of manufacturing in the New York region rose in January, with the Federal Reserve Bank of New York’s index rising to 13.5, its highest level since April. Government figures from China illustrated the slowdown in that nation’s economic growth in the fourth quarter of 2011 to have been less than thought, with Beijing pegging China’s growth rate at 8.9%. “While Chinese GDP data are surprisingly reliable in being slightly better than expected, these numbers should support the case of an EM [emerging markets] soft landing,” wrote David Kelly, chief market strategist at J.P. Morgan Funds, in a research note. Another report from the ZEW Center for European Economic Research had German investor confidence rising the most on record. The euro gained against the dollar EURUSD +0.02% and yen USDJPY +0.00% after Spanish and Greek borrowing costs declined at auctions, curbing worry about how both nations would finance their deficits. Yet Greece could default as government talks with creditors stalled ahead of a March 20 bond payment of 14.5 billion euros, or $18 billion. “The biggest driver of the market is the relative success of European sovereign-debt auctions, and the story there is the stealth quantitative easing that is happening,” said Art Hogan, a strategist at Lazard Capital Markets, of the low-cost money going from the European Central Bank to European banks, which then can use the funds to purchase sovereign debt. “It’s the Merkozy carry trade,” added Hogan, a reference to German Chancellor Angela Merkel and French President Nicolas Sarkozy, the unifying forces behind the European Union’s efforts to stem the euro-zone’s debt crisis. Oil prices CL2G +2.31% climbed $2.01 to end at $100.71 a barrel in New York. Gold GC2G +1.33% rose $24.80 at $1,655.60 an ounce. On Monday, Standard & Poor’s followed up on its recent downgrade of nine European countries by cutting the credit rating of the European Financial Stability Facility, the region’s bailout fund. “This market goes through periods where things aren’t as good as they seem, and then periods where things aren’t as bad as they seem, and right now we’re in a ‘things aren’t as bad as they seem’ time frame, so we can ignore things like S&P’s downgrades of European debt and focus on stronger-than-expected Chinese GDP numbers, and the continuing better-than-expected U.S. economic data calendar,” said Lazard’s Hogan. The rating agency’s move “does add to the negative sentiment in the region and may lead to another spike in volatility,” according to Bill Stone, chief investment strategist at PNC Asset Management Group in Pittsburgh. However, the downgrades could also give European policy-makers another reason to make progress before a meeting of European Union finance ministers on Monday, to be followed by an EU summit one week later, he said. “We remain cautiously optimistic,” Stone added. U.S. markets were closed for the Martin Luther King Jr. federal holiday.

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market
AT&T T $30.25 +0.18 0.6% 23,495,662 NYSE
Alcoa AA $9.76 -0.04 0.41% 24,205,270 NYSE
American Express AXP $50.22 +0.46 0.92% 6,450,586 NYSE
Bank of America BAC $6.48 -0.13 1.97% 293,154,498 NYSE
Boeing BA $75.24 +0.64 0.86% 3,699,019 NYSE
Caterpillar CAT $103.37 +0.89 0.87% 8,862,719 NYSE
Chevron CVX $106.72 +0.63 0.59% 6,917,302 NYSE
CSCO $19.305 +0.245 1.29% 40,387,164 NASDAQ-GS
Coke KO $67.35 +0.36 0.54% 7,671,174 NYSE
Disney DIS $38.48 +0.08 0.21% 9,142,149 NYSE
DuPont DD $48.54 +0.14 0.29% 5,390,888 NYSE
Exxon XOM $85.69 +0.81 0.95% 15,620,009 NYSE
GE $18.74 -0.10 0.53% 48,905,633 NYSE
Hewlett-Packard HPQ $26.455 -0.035 0.13% 11,186,119 NYSE
Home Depot HD $43.74 +0.23 0.53% 7,688,296 NYSE
Intel INTC $25.04 -0.10 0.4% 60,374,797 NASDAQ-GS
IBM $180 +0.84 0.47% 6,000,399 NYSE
JPMorgan JPM $34.91 -1.01 2.81% 54,964,487 NYSE
Johnson & Johnson JNJ $65.12 -0.14 0.21% 8,246,420 NYSE
Kraft KFT $38.13 +0.36 0.95% 8,489,310 NYSE
McDonald's MCD $100.55 +0.20 0.2% 4,529,108 NYSE
Merck MRK $38.82 +0.50 1.3% 16,550,598 NYSE
Microsoft MSFT $28.255 +0.005 0.02% 72,363,651 NASDAQ-GS
Pfizer PFE $21.935 +0.095 0.43% 35,518,669 NYSE
Procter & Gamble PG $66.26 +0.45 0.68% 35,660,956 NYSE
MMM $84.23 +0.63 0.75% 2,694,081 NYSE
Travelers TRV $59.69 +0.32 0.54% 2,181,030 NYSE
United Technologies UTX $77.04 +0.96 1.26% 5,143,199 NYSE
Verizon VZ $39.02 +0.10 0.26% 11,716,272 DualListed
Walmart WMT $59.85 +0.31 0.52% 8,495,852 NYSE


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The following are excerpts from Tuesday morning's Blog.

A read of the print editions of Tuesday's Investor's Business Daily, Monday's Barron's, Tuesday's Wall St. Journal, Financial Times, New York Times, USA Today, Atlanta Journal Constitution and Daily Report (Ga- carries Bloomberg) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Friday at 12,422.06 up 48.96 or 0.39% from Thursday's close of 12,471.02. For the week the Dow was up 62.14 or 0.50% from last Friday's close of 12,359.92. For the year the Dow is up 1.67%. Of the 30 Dow components 9 gained, 2 (Procter & Gamble and Verizon were unchanged) and 19 declined. The biggest gainer dollar-wise and percentage-wise was Chevron CVX $106.09 +1.12 1.07% 8,262,538 NYSE. The biggest decliner dollar-wise was IBM $179.16 -1.39 0.77% 5,265,619 NYSE and percentage-wise was Hewlett-Packard HPQ $26.49 -0.46 1.71% 11,788,519 NYSE.

Inv. Bus. Daily pA1 "Stocks suffer distribution, but leaders stay strong" by Paul Whitfield says stocks retreated in mixed volume Fri as downgrades of European debt pressured the U.S. indexes. Friday's action was down in mixed volume as the current outlook is the market is in a confirmed uptrend.

Friday's Dow Jones Industrial Average closing numerator was 1,641.32 down up 6.46 from Thursday's closing numerator of 1,647.78. 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 Friday's Dow Jones Industrial Average was $54.71 down up $0.22 from Thursday's average closing price of $54.93. The median closing price of Friday's Dow Jones Industrial Average was $45.96 (DD/HD) up $0.21 from Thursday's median closing price of $45.75. The lowest volume was Travelers TRV $59. NYSE and the highest volume again was Bank of America BAC $6.61 -0.18 2.65% 336,085,010 NYSE.

If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have lost $646 ($164,778 - $164,132).

MarketWatch Friday 1/13/12 5:15 pm by Kate Gibson says U.S. stocks fell Friday, denting weekly gains, after J.P. Morgan Chase & Co. reported a profit drop and as investors fretted a possible Greek default and coming downgrades of euro-area nations. Nick Raich, director of research at Key Private Bank in Cleveland, chalked up the end-of-week slide to “JP Morgan’s earnings, possibly the fear of Greece defaulting and the overhang of will the French lose their triple-A credit rating.’” France’s finance minister confirmed his nation’s rating would be downgraded by one notch, Dow Jones Newswires and other news services reported during the session. After the close of trading, Standard & Poor’s said it had lowered the long-term ratings of Italy, Portugal, and Spain by two notches, and the long-term ratings of Austria and France by one notch. The ratings agency said initiatives taken by European policymakers in recent weeks may fall short of fully addressing systemic stresses in the euro zone. After a 159-point fall, the Dow Jones Industrial Average DJIA -0.39% finished with a loss of 48.96 points, or 0.4%, at 12,422.06. J.P. Morgan Chase JPM -0.03% led the declines that included 21 of its 30 components. The blue chips tallied a second consecutive weekly rise, up 0.5% from last Friday’s close. The first major U.S. bank to report results for the fourth quarter, J.P. Morgan reported revenue fell to $22.2 billion on an adjusted basis, below Wall Street estimates of roughly $23 billion. The bank’s business is diversified, so it “gives you some flavor” for the coming week, when about 25% of the S&P 500 report results, including a slew of financial firms. Read analysis of J.P. Morgan earnings. “The revenue miss was disappointing, but the banking side for J.P. Morgan was good, so depending on whether you’re an asset manager or a commercial bank, that will dictate results,” said Raich. Up 0.9% for the week, the S&P 500 Index SPX -0.49% declined 6.41 points, or 0.5%, to 1,289.09 Friday, with financials hammered hardest among its 10 industry sectors. The Nasdaq Composite Index COMP -0.52% lost 14.03 points, or 0.5%, to 2,710.67, a level that has it up 1.4% from last Friday’s close. For each stock rising nearly two fell on the New York Stock Exchange, where 827 million shares exchanged hands. Composite volume topped 3.6 billion. Oil finished the week at $98.70 a barrel, with February futures CL2G -0.07% down 2.8% from the week-ago close. Gold futures GC2G -0.45% ended their session at $1,630.80 an ounce, up 0.9% from last Friday’s close. U.S. Treasury prices gained, with the yield on the 10-year note 10_YEAR -0.11% falling 6 basis points to 1.87%. Greece’s creditor banks are taking a break in discussions with the government in Athens after unsuccessful talks geared at determining the amount investors stand to lose by swapping their bonds. Proposals by a panel representing financial firms failed to yield a “constructive consolidated response by all parties,” according to a statement released Friday by the Institute of International Finance. Read account of breakdown in Greece talks. A report showing consumer sentiment rose in January failed to boost equities. In addition, Italy’s 3-year bond auction was “a mild disappointment to start the day,” said Art Hogan, a market strategist at Lazard Capital Markets, with the country raising 4.75 billion euros, but to tepid demand.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$30.07 +0.05 0.17% 22,070,216 NYSE: WSJ pB8 "GE's Welch leads list of golden parachutes" says 21 CEOs of public firms have walked away with golden parachutes of more than $100 mil and says Gillette's CEO got $165 mil when Procter & Gamble bought Gillette in '05. The top exit pays for the top 5 amounts had 4 Dow firms: 1 was GE's Jack Welch, 2nd was Lee Raymond of Exxon, 4th was Ed Whitacre of AT&T and 5th was Robert Nardelli who got $223 mil when he left Home Depot.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Alcoa AA
$9.8 -0.13 1.31% 32,676,987 NYSE: Inv. Bus. Daily pA2 "In brief" says Alcoa said it will continue with plans to close its smelter in italy despite outcry from the Italian gov't as the closure will cut ,500 jobs. Alcoa will also close smelters in Spain as part of its plan to cut costs.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

American Express AXP
$49.76 -0.11 0.22% 5,708,737 NYSE: WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Bank of America BAC
$6.61 -0.18 2.65% 336,085,010 NYSE: WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Boeing BA
$74.6 -0.91 1.21% 4,640,012 NYSE: WSJ pB1 "Jet rivals keep a tight race" by Daniel Michaels says Airbus is expected to book almost twice as many orders as Boeing The average price of a Boeing plane ordered last year was $145 vs. Airbus's average of $105 mil.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Caterpillar CAT
$102.48 +0.54 0.53% 9,350,229 NYSE: No mentions found.

Chevron CVX
$106.09 +1.12 1.07% 8,262,538 NYSE: Fin Times p24 "US groups start to suffer as dollar gains threaten foreign revenues" by Vivianne Rodrigues says US firms are beginning to feel the pinch of steady gains in the dollar which could be bad news for firms such as McDonald's and GE which derived most of their '10 rev from foreign sales. Coke sharers have seen a negative correlation of 0.93 with the strength of the dollar in the past 3 years. The dollar could reduce earnings at Hewlett-Packard by up to 10%. Last week Chevron issued a 4Q profit warning saying foreign currency earnings would be down.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Cisco CSCO
$19.06 -0.09 0.47% 32,051,037 NASDAQ-GS: Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Coca-Cola KO
$66.99 -0.58 0.86% 9,972,138 NYSE: Fin Times p24 "US groups start to suffer as dollar gains threaten foreign revenues" by Vivianne Rodrigues says US firms are beginning to feel the pinch of steady gains in the dollar which could be bad news for firms such as McDonald's and GE which derived most of their '10 rev from foreign sales. Coke sharers have seen a negative correlation of 0.93 with the strength of the dollar in the past 3 years. The dollar could reduce earnings at Hewlett-Packard by up to 10%. Last week Chevron issued a 4Q profit warning saying foreign currency earnings would be down.

Walt Disney DIS
$38.4 -0.33 0.85% 9,877,327 NYSE: WSJ pB12 "Hulu to create more shows" by Sam Schechner says Hulu which is partially owned by Disney, will increase its output of original shows, the latest in an escalation of TV-like programs being made directly for the Internet, further blurring the lines between the Web and TV.

WSJ pB12 "Contraband finishes atop weekend box office" by Michelle King says Disney's Beauty and the Beast finished second.

Barron's p43 "Who's No. 1? In this case, 3D" by Mark Veverka says Disney's ESPN broadcast the BCS in 3D, its third 188th live 3D broadcast since launching its 3D channel in June '10 and its was a high quality sensory experience.

WSJ pB12 "On the horizon" by Alex cheney says Jim Henson Co sold the Muppets to Disney in '04.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

DuPont DD
$48.4 +0.30 0.62% 6,027,114 NYSE: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

ExxonMobil XOM
$84.88 +0.14 0.17% 15,538,772 NYSE: WSJ pB8 "GE's Welch leads list of golden parachutes" says 21 CEOs of public firms have walked away with golden parachutes of more than $100 mil and says Gillette's CEO got $165 mil when Procter & Gamble bought Gillette in '05. The top exit pays for the top 5 amounts had 4 Dow firms: 1 was GE's Jack Welch, 2nd was Lee Raymond of Exxon, 4th was Ed Whitacre of AT&T and 5th was Robert Nardelli who got $223 mil when he left Home Depot.

Barron's p46 "In God we trust" by J.R. Brandstrader interviewed George Schwartz & Richard Platte, Portfolio managers with Ave Maria Rising Dividend Fund. 3M makes up 3.2% of its portfolio and they call it a "Money machine" as it has lifted dividend for 53 years due to creating new proprietary products. The biggest holding is Exxon and they like Exxon saying they like that Exxon has reduced its shares by 30% over the last decade.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

GE
$18.84 -0.09 0.48% 41,990,442 NYSE: WSJ pB2 "RBS jet lessor fetches $7.3 bil" by Marietta Cauchi says Int'l Lease finance Corp. is a unit of Ameican Int'l Group and is the world's 2nd largest aircraft leasing company after GE's Gecas unit.

WSJ pB8 "GE's Welch leads list of golden parachutes" says 21 CEOs of public firms have walked away with golden parachutes of more than $100 mil and says Gillette's CEO got $165 mil when Procter & Gamble bought Gillette in '05. The top exit pays for the top 5 amounts had 4 Dow firms: 1 was GE's Jack Welch, 2nd was Lee Raymond of Exxon, 4th was Ed Whitacre of AT&T and 5th was Robert Nardelli who got $223 mil when he left Home Depot.

Fin Times p24 "US groups start to suffer as dollar gains threaten foreign revenues" by Vivianne Rodrigues says US firms are beginning to feel the pinch of steady gains in the dollar which could be bad news for firms such as McDonald's and GE which derived most of their '10 rev from foreign sales. Coke sharers have seen a negative correlation of 0.93 with the strength of the dollar in the past 3 years. The dollar could reduce earnings at Hewlett-Packard by up to 10%. Last week Chevron issued a 4Q profit warning saying foreign currency earnings would be down.

WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Hewlett-Packard HPQ
$26.49 -0.46 1.71% 11,788,519 NYSE: Fin Times p24 "US groups start to suffer as dollar gains threaten foreign revenues" by Vivianne Rodrigues says US firms are beginning to feel the pinch of steady gains in the dollar which could be bad news for firms such as McDonald's and GE which derived most of their '10 rev from foreign sales. Coke sharers have seen a negative correlation of 0.93 with the strength of the dollar in the past 3 years. The dollar could reduce earnings at Hewlett-Packard by up to 10%. Last week Chevron issued a 4Q profit warning saying foreign currency earnings would be down.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p50 "Mailbag" has a letter saying paying Hewlett-Packard's CEO $25 mil in severage to go away was a bargain considering the damage he was doing.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Home Depot HD
$43.51 +0.12 0.28% 8,053,015 NYSE: WSJ pB8 "GE's Welch leads list of golden parachutes" says 21 CEOs of public firms have walked away with golden parachutes of more than $100 mil and says Gillette's CEO got $165 mil when Procter & Gamble bought Gillette in '05. The top exit pays for the top 5 amounts had 4 Dow firms: 1 was GE's Jack Welch, 2nd was Lee Raymond of Exxon, 4th was Ed Whitacre of AT&T and 5th was Robert Nardelli who got $223 mil when he left Home Depot.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Intel INTC
$25.14 -0.61 2.37% 63,209,294 NASDAQ-GS: WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Inv. Bus. Daily pB2 "Retail stocks well represented among landscape of top stocks" by Vincent Mao lists Intel as the tenth spot of the Bottom Ten of IBD's biggest price changes among IBD 50 stocks as Intel dropped 0.4% for the week.

Barron's p42 "CES report card: A for Intel, B for Microsoft" by Tiernan Ray says Intel gets an A for demonstrating promise and doing a good launch of its ultrabooks. Microsoft gets a B for effort as its Windows * was a big event in computing at the Consumer Electronics Shows.

IBM
$179.16 -1.39 0.77% 5,265,619 NYSE: WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

JPMorgan Chase JPM
$35.92 -0.93 2.52% 61,524,342 NYSE: WSJ pC1 "MF probe targets back office unit" by Aaron Lucchetti says three days before MF Global filed bankruptcy MF Global transferred $200 mil to JPMorgan.

Inv. Bus. Daily pA6 "JPMorgan earnings fall, first since '09" by Vance Cariaga, Sat AJC pA9 "Nationls largest bank reports drop in income" say JPMorgan Chase's income fell 23% in 4Q '11 after it set aside a large sum for litigation reserves & its investment banking income declined. It earned $3.7 bi or 90 cents per share, short of the expected 93 cents per share. Rev fell 17% to $22.2 bil. For the year it had record net income of $19 bil vs $17.4 bil prior year.

Barron's pM10 "European downgrades, US calm" by Randall Forsyth says even JPMorgan tapped the debt market this past Friday despite the swoon in its common following a disappointing earnings report earlier that morning.

Barron's pM2 Charting the market" charts JPMorgan saying a 30% drop in investment banking rev dragged its earnings down by 23% to 90 cents per share.

Barron's pM3 "Financials' love fest continues to lift equities" by Vito Racanelli says Bank of America leads the Dow as it is up 19% in '12. JPMorgan, Wells Fargo, and US Bancorp are the favorites to be allowed to return more cash to shareholders.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Johnson & Johnson JNJ
$65.26 +0.03 0.05% 8,976,557 NYSE: No mentions found.

Kraft KFT
$37.77 -0.45 1.18% 10,410,318 NYSE: Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

McDonald's MCD
$100.35 -0.22 0.22% 4,126,690 NYSE: USA Today p3B "Burger King tests home delivery" by Bruce Horovitz says Burger King will do this in D.C. McDonald's says it won't expand home delivery beyond 2 stores in Manhattan that delivery only to businesses.

Barron's pM13 "Shifting priorities" by Shirley A. Lazo says Goldman Sachs likes McDonald's.

Barron's p4 "The great divide" by Alan Abelson says analyst Dave Rosenberg likes McDonald's saying it is largely noncyclical with a 2.8% dividend yield.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Merck MRK
$38.32 -0.29 0.75% 9,649,320 NYSE: No mentions found.

Microsoft MSFT
$28.25 +0.25 0.89% 60,000,025 NASDAQ-GS: WSJ pC2 "The ticker" says on Thursday American Express, Bank of America, Intel, IBM and Microsoft reports earnings and on Friday GE reports earnings.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p24 "Faster, thinner, smarter" by Mark Veverka, Barron's p42 "CES report card: A for Intel, B for Microsoft" by Tiernan Ray say Intel gets an A for demonstrating promise and doing a good launch of its ultrabooks. Microsoft gets a B for effort as its Windows 8 was a big event in computing at the Consumer Electronics Shows. There were no blockbuster product introductions at the CES and it was Steve Ballmer's swansong.

Pfizer PFE
$21.84 -0.15 0.68% 29,025,905 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

Barron's p18 "Daredevils of the Dow" by Michael Santoli discusses the performance of Dow components and says Alcoa was one of the worst but should come back strong in '12. It has a chart saying 8 of the 30 stocks in the Dow rose or fell 20% or more last year but the average barely budged. the five best were McDonald's, IBM, Pfizer, Home Depot and Kraft. Home Depot was supported by bottoming housing market, but the stock is getting price. Kraft's steady business and pending breakup appear fully reflected in its valuation. The five worst were bank of America, Alcoa, Hewlett-Packard, JPMorgan and Cisco. Cisco's cost cutting is complete and its share now appear attractive.

Procter & Gamble PG
$65.81 unch unch 32,018,871 NYSE: Barron's p26 "Listen up, class: Here's how to profit" by Lauren R. Rublin is a roundtable with various money managers. Abby Joseph Cohen's likes GE, ExxonMobil, Procter & Gamble, and Disney. Marc Faber picks Chevron and ExxonMobil. Fred Hickey picks Microsoft. Hickey says Hewlett-Packard's latest quarter was a disaster, IBM's growth slowed in all major regions and Tech has been in a 12 year bear market with low P/Es citing Intel and Microsoft. Gabelli speaks favorably about Boeing and how its ramp up rate is high and they should be producing 10 787s be month by the end of '13 versus the current 2 per month. Faber is shorting IBM. Faber says large cap stocks are cheap and cites Pfizer which doesn't have a huge downside risk.

3M MMM
$83.6 -0.68 0.81% 3,084,518 NYSE: Barron's p46 "In God we trust" by J.R. Brandstrader interviewed George Schwartz & Richard Platte, Portfolio managers with Ave Maria Rising Dividend Fund. 3M makes up 3.2% of its portfolio and they call it a "Money machine" as it has lifted dividend for 53 years due to creating new proprietary products. The biggest holding is Exxon and they like Exxon saying they like that Exxon has reduced its shares by 30% over the last decade.

Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Travelers TRV
$59.37 -0.43 0.72% 2,087,356 NYSE: No mentions found.

United Technologies UTX
$76.08 -1.16 1.5% 3,472,044 NYSE: No mentions found.

Verizon VZ
$38.92 unch unch 8,986,261 Dual Listed: Barron's p44 "Touchdowns and fumbles" by Andrew Bary lists under a chart "2011 Report Card" how the stocks Barron's wrote about last year fared. The 97 it wrote positively about trailed the performance of their benchmarks, on average, the opposite was true for the 30 that we panned. Shares of the 97 it wrote favorable about fell 6.9% on average compared with a 2.4% decline in their benchmarks. Barron's was bullish on AT&T and it rose 4.8% compared to a -4.3% change in its benchmark. It was bullish on 3M which was down 9.4% compared to its benchmark being down 4.7%. Also bullish on GE which was down 12% compared to benchmark down 5.6%, bullish on Dupont which was down 12.9% compared to its benchmark down 4.1%. Also bullish on Hewlett-Packard down 38.3% compared to its benchmark which was down 3.6%. Barron's was bullish on Bank of America which was down 61.3% compared to its benchmark being down 3.6%. Barron's was bearish on Microsoft which was up 7% compared to its benchmark being down 1.1% and also on Verizon which was up 13.1% compared to its benchmark being down 2.8%.

Walmart WMT
$59.54 +0.04 0.07% 7,728,022 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 Virginia M. Rometty (replaces Samuel J. Palmisano 1/1/12) (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)
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 1/2 billion as of 1/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $406 [5]
2. Microsoft MSFT 218 [8.5]
3. IBM 216 [1]
4. Chevron CVX 212 [2]
5. WalMart WMT 204.5 [3.5]
6. GE 189 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. Johnson & Johnson JNJ 179 [3]
9. AT&T T 179 [6]
10. Pfizer PFE 166.5 [7.5]
11. Coke KO 159 [2.5]
12. JPMorgan Chase JPM 126.5 [4]
13. Intel INTC 123.5 [5]
14. Merck MRK 115 [3]
15. Verizon VZ 113.5 [3]
16. McDonald's MCD 102.5 [1]
17. Cisco CSCO 97 [5.5]
18. Disney DIS 67.5 [2]
19. United Technologies UTX 66 [1]
20. Kraft KFT 66 [2]
21. Home Depot HD 65 [1.5]
22. Caterpillar CAT 58.5 [.5]
23. 3M MMM 57 [.5]
24. Bank of America BAC 56.5 [10]
25. American Express AXP 54.5 [1]
26. Boeing BA 54.5 [1]
27. Hewlett-Packard HPQ 51 [2]
28. DuPont DD 42 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 9 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 1/1/12:

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

AT&T T: 11/28 8K re: redemption of subsidiary Cingular Wirelss' $2.97 bil debt
11/25/11 8K re: withdrawal from FCC of application to buy T-Mobile
11/7/11 10Q for qtr ended 9/30/11
10/27/11 8K re: redemption of 5.87% Notes due 2/1/12
10/20/11 2 8Ks re: 3Qtr results

Alcoa AA: 11/16/11 8K re: exec changes
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: 12/15/11 8K re: delinq. & write-off stats for prior 3 months
11/15/11 8K re: delinq. & write-off stats for Aug, Sept & Oct
11/4/11 8K re: exec changes
11/2/11 10Q for Qtr ended 9/30/11
10/19/11 8K re: 3Qtr results
10/17/11 8K re: delinq & write-f stats for 3 months eded 9/30/11

Bank of Am BAC: 12/16/11 8K re: unregistered sale of $885.4 of Senior Notes
12/6/11 8K re: stating it is unaffiliated from IPIC Group's mini-tender off of 4.86% of its common
12/2/11 8K re exchange of $442.3 of senior notes
12/1/11 Proxy re: amendment of Dec. of Trust for Preferred HITs
11/17/11 8K re: exchange of preferred shares
11/2/11 10Q for Qtr ended 9/30/11
10/18/11 8K re: 3Qtr results
10/7/11 8K re: separation contracts with Sallie L. Krawcheck & Joe L. Price

Boeing BA: 12/15/11 8-K/A election of Gregory D. Smith as CFO
11/14/11 8K re: $2.3 bil revolving credit agrmt.
11/1/11 8K re: exec changes
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

Caterpiller CAT: 12/19/11 8K re pst 3 months dealer stats.
12/16/11 8K re extension of stock repurchase plan
11/18/11 8K re: past 3 monts dealer stats
11/4/11 10Q for Qtr ended 9/30
10/24/11 8K re: 3 month dealer stats
10/24/11 8K re: results for quarter ended 9/30/11

Chevron CVX: 12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11
10/28/11 8K re: 3Qtr results
10/11 8K re: 3Qtr results

Cisco CSCO 12/16/11 8K re pre-arranged exec stock trading plan
12/8/11 8K re amendment of stock option plan
11/22/11 10Q & 8K for Qtr ended 10/29
10/18/11 14A proxy (two) re: Annual Shareholder Meeting to be held 12/7/11 at Santa Clara, CA

Coke KO 12/19/11 re election of ex Mayor of Chicago Richard M. Daley to Board of Dirs.
11/10/11 Prospectus re: exchange of $1.6 bil of 2016 Notes
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

Disney DIS 12/1/11 8K re sale of $1.6 bil of Global Notes
11/23/11 10K & 11/10/11 8K re: results for fiscal year ened 10/1/11
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

DuPont DD: 11/22/11 8K : re: election of Lee M. Thomas as Director
10/25/11 10Q & 8K re: results for 3Qtr ended 9/30/11

ExxonMobil XOM: 12/6/11 8K re disclosure of exec bonuses and salaries (CEO's Rex Tillerson's base effective 1/1/12 is $2,567,000 and no exec has a contract, all are employees at will
11/29/11 8K re: exec changes
11/3/11 10Q for Qtr ended 9/30/11
10/27/11 8K re: 3Qtr results

GE: 11/8/11 10Q for Qtr ended 9/30/11
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: 12/14/11 10Q for year ended 10/31/11
12/12/11 8K re close of sale of $3.5 bil of Global Notes
11/8/11 10Q & 11/21/11 8K re: results of year and Qtr ended 10/31/11
11/17/11 8K re: election of Ralph V. Whitworth to Board of Dirs
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 floating global notes
9/13/11 8K re: purchase of Autonomy Corp.

Home Depot HD: 11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11
9/1/11 10Q for quarter ended 7/31/11

Intel INTC: 11/4/11 10Q for Qtr ended 10/1/11
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

IBM: 11/14/11 8K re: $10 bil Credit Agrmt
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: 12/22/11 8K re closing of $1.25 bil 5.4% Notes
12/8/11 8K re increase to share repurchase program
12/8/11 8K re FD disclosure re guidance presentation
11/8/11 8K re: election of James A. Bell as Dir.
11/4 28ks & 10Q re: Qtr ended 9/30/11
10/26/11 8K re: offering of $1.75 mil of 4.35% Notes due '21
10/13/11 8K re: 3Qtr results

Johnson & Johnson JNJ : 12/13/11 8K re closing of divestiture of assets of Ortho Dematologics division which made Retin-!
11/30/11 8K re: purchase of Synthes & offer to hire its CEO
11/22/11 8K re: exec changes
11/8/11 10Q for Qtr ended 10/2
10/27/11 S-4 re: acquisition of Synthes
10/18/11 8K re: results for Qtr ended 10/2/11

Kraft KFT: 12/5/11 8K re appointment of Irene Rosenfeld to lead Global Snacks and Tony Vernon as CEO fo N. American Grocery company
11/4/11 10Q & 11/2/11 8K re: Qtr ended 9/30/11
9/7/11 8K re: FD Disclosure re: presentation at investor conference

McDonald's MCD: 12/2/11 8K re Nov sales rose 7.4%
11/14/11 8K re: Investor Release re: Growth Plans
11/8/11 8K re: Oct sales
11/4/11 10Q for Qtr ended 9/30/11
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

Merck MRK: 12/21/11 8K re: technical amendments to bylaws
12/1/11 8K re: election of CEO Ken Frazier to Bd & retirement of former CEO Richard Clark from Board
11/10/11 8K & 11/8/11 10Q re Investor Presentation re results for Qtr ended 9/30/11
10/28/11 8K re: results for 3Qtr
10/12/11 8K/A re: frequency of shareholder advisory votes on exec comp

Microsoft MSFT: 12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting
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: 12/13/11 8K re election of 3 new members to Board
11/10/11 10Q & 11/1/11 8K for Qtr ended 10/2/11

Procter & Gamble PG: 11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food
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

3M MMM: 12/6/11 8K re eps guidance
11/3/11 10Q re Qtr ended 9/30/11
11/3/11 8K re: pre-arranged stock trading plan for an exec
10/25/11 8K re: results of 3Qtr
9/29/11 8K re: offer of $4 bil of notes

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

United Technologies UTX: 11/16/11 8K re: edemption of $500 mil of 6/1% Notes due 5/15/12
11/15/11 8K re: $15 bil Credit Agrmt
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

Verizon Communications Inc. VZ: 12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil
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: 12/8/11 8K re registration rights agreement with certain selling shareholders
12/8/11 10Q for qtr ended 10/1/11
11/15/11 8K re: results for 3 & 9 months ended 10/31/11
9/29/11 8K re: adoption of Deferred Com Plan