Wednesday, February 15, 2012

2/15/12 Wed am Boeing Gets Huge Order; Apple Working on a Smaller Tablet for AT&T & Verizon Networks

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Post No. 1,475 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' recent SEC filings.

A read of the print editions of Wednesday's Wall Street Journal, Financial Times, Investor's Business Daily, 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 Tuesday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Tuesday at 12,878.38 up 4.24 or 0.03% from Monday's close of 12,874.04. For the year the Dow is up 5.41%. Of the 30 Dow components 16 gained and 14 declined. The biggest gainer dollar-wise was CAT Caterpillar Inc 114.45 +0.75 +0.66% 6.41 Mil NYSE and percentage-wise was HPQ Hewlett Packard Co 29.08 +0.33 +1.15% 10.89 Mil NYSE. The biggest decliner dollar-wise and percentage-wise was DD E I du Pont de Nemours and Co 49.66 -0.94 -1.86% 6.94 Mil NYSE.

WSJ pC4 "Stocks battles to end day flat" by Christian Berthelsen says stocks ended little changed after a volatile session in which the market flirted with its worst point decline of the year only to recover in the last half hour of trading due to disappointing retail sales data & uncertainty over resolution to Greece's debt problems. Bank of America was the Dow's biggest loser down 27 cents after it was downgraded to neutral from buy by Citigroup.

Fin Times p24 "Homebuilders knocked as Masco's lacklustre sales raise concerns" by Ajay Makan says shares in Masco plunged 12.1% due to a large 4Q loss. Bank of America fell 3.3% after Citigroup downgraded it saying that earnings headwinds would check a rally which has seen BofA shares climb 40% this year.

NYT pB8 "Hopes for Greek debt talks spur late rally" by Reuters says the stock market rallied in the last half hour Tues seizing on reports that said the Greek debt talks might be saved.

Fin Times pA1 "Stocks lift off lows for a mxied finish" by Vic Reklaitis says the market showed resilience Tues as the major indexes bounced back from early losses to finish mixed and near their session highs as the action was mixed in higher volume with the current outlook still in a "confirmed uptrend."

USA Today p4B "Markets overcome early losses, relatively unchanged at close" by Bloomberg says stocks closed almost flat Tues after paring losses in the last half hour of trading amid optimism Greek leaders will commit to austerity measures needed for a 2nd bailout.

As of the open of the market Wednesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Wednesday's Wall St. Journal is 0.132129493. Wednesday's trailing P/E ratio is 14.37 up from Tuesday's trailing P/E ratio of 14.36 (year ago it was 14.97); today's P/E estimate is 12.26 unchanged from Wednesday's P/E estimate of 12.26 (year ago it was 12.81) and today's dividend yield is 2.50 unchanged from yesterday's dividend yield of 2.50 (last year it was 2.37). 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 1,701.61 up 0.57 from Monday's closing numerator of 1,701.04. 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 $56.72 up $0.02 from Monday's average closing price of $56.70. The median closing price of Tuesday's Dow Jones Industrial Average was $47.86 (DD/HD) down $0.14 from Monday's median closing price of $48. The lowest volume was TRV Travelers Companies Inc 59.16 +0.17 +0.29% 2.37 Mil NYSE and the highest volume again was Bank of America BAC $7.98 -0.27 -3.27% 383.65 Mil 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 $57 ($170,161 - $170,104).

MarketWatch Tuesday 2/14/12 4:11 pm by Laura Mandaro says U.S. stocks made a late-session recovery Tuesday to recoup most losses, as investors reassessed Greece's prospects and a retail sales report that, while weaker than expected, still showed improvement. The Dow Jones Industrial Average DJIA +0.03% rose 4.24 points to 12,878.28. The S&P 500 SPX -0.09% was off 1.3 point to 1,350.5. The Nasdaq Composite COMP +0.02% gained 0.4 point to 2,931.83. The Commerce Department on Tuesday said U.S. retail sales rose 0.4% in January, the most in four months, but less than the 1% expected. The disappointing retail sales number was a "handy excuse" for a market pullback, said Marc Pado, U.S. market strategist at DowBulls.

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

SYMBOL COMPANY NAME LAST CHANGE % CHANGE VOLUME

T
AT&T Inc
30.07 +0.03 +0.10% 21.46 Mil: WSJ pB4 "Measuring mobile data" by Greg Bensinger says AT&T said it was seeing an annual doubling in data use on its network just a month after it upped the price of its data plans by $5 while adding higher limits due to a 40% average annual growth in data use.

WSJ pB4 "Apple to test smaller tablet" by Lorraine Luk says Apple is working on a new tablet computer with a smaller screen that will run on 4G wireless networks from Verizon Wireless & AT&T. It's screen will be 8 inches smaller than the iPad 2's 9.7 inch screen.

WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% mroe than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

AA
Alcoa Inc 10.21 -0.12 -1.16% 24.7 Mil: No mentions found.

AXP
American Express Co 51.96 -0.11 -0.21% 4.77 Mil: No mentions found.

BAC
Bank of America Corp
7.98 -0.27 -3.27% 383.65 Mil: WSJ pC4 "Stocks battles to end day flat" by Christian Berthelsen says stocks ended little changed after a volatile session in which the market flirted with its worst point decline of the year only to recover in the last half hour of trading due to disappointing retail sales data & uncertainty over resolution to Greece's debt problems. Bank of America was the Dow's biggest loser down 27 cents after it was downgraded to neutral from buy by Citigroup.

Fin Times p24 "Homebuilders knocked as Masco's lacklustre sales raise concerns" by Ajay Makan says shares in Masco plunged 12.1% due to a large 4Q loss. Bank of America fell 3.3% after Citigroup downgraded it saying that earnings headwinds would check a rally which has seen BofA shares climb 40% this year.

BA
Boeing Co
75.56 +0.71 +0.95% 4.63 Mil: WSJ pB6 "Emerging markets lfit aviation industry" by Gaurav Raghuvanshi, AJC pA10 "Lion Air's $22.4 bil order sets Boeing record" say Lion Air, an Indonesian low cost carrier confirmed it will buy 230 Boeing jetlienrs for $22.4 bil.

CAT
Caterpillar Inc 114.45 +0.75 +0.66% 6.41 Mil: No mentions found.

CVX
Chevron Corp 106.49 +0.11 +0.10% 5.93 Mil: No mentions found.

CSCO
Cisco Systems Inc 20.07 +0.04 +0.20% 31.71 Mil: No mentions found.

KO
Coca-Cola Co 68.90 +0.46 +0.67% 6.25 Mil: No mentions found.

DIS
Walt Disney Co 41.60 -0.19 -0.45% 8.17 Mil: No mentions found.

DD
E I du Pont de Nemours and Co 49.66 -0.94 -1.86% 6.94 Mil: No mentions found.

XOM
Exxon Mobil Corp
84.67 +0.25 +0.30% 12.85 Mil: WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% more than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

GE
General Electric Co 18.94 -0.13 -0.68% 38.98 Mil: WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% mroe than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

HPQ
Hewlett Packard Co 29.08 +0.33 +1.15% 10.89 Mil: No mentions found.

HD
Home Depot Inc 46.06 +0.13 +0.28% 7.68 Mil: No mentions found.

INTC
Intel Corp
26.78 +0.08 +0.30% 25.19 Mil: WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% more than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

IBM
International Business Machines Corp 192.22 -0.40 -0.21% 3.37 Mil: WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% more than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

JPM
JPMorgan Chase & Co 37.92 -0.38 -0.99% 26.93 Mil: No mentions found.

JNJ
Johnson & Johnson
64.61 -0.07 -0.11% 8.91 Mil: Inv. Bus. Daily pB4 "Pfizer" says Pfizer and Johnson & Johnson is developing an experimental Alzheimer's drug, bapineuzumab, that shows promises.

KFT
Kraft Foods Inc 38.50 +0.10 +0.26% 7.98 Mil: No mentions found.

MCD
McdonaldS Corp 99.55 -0.10 -0.10% 3.5 Mil: No mentions found.

MRK
Merck & Co Inc 38.21 +0.10 +0.26% 11.09 Mil: No mentions found.

MSFT
Microsoft Corp
30.25 -0.13 -0.43% 59.44 Mil: WSJ pC1 "Apple's size clouds market" by Jon Cheng says Apple's size is making it too much of an influence on the Nasdaq-100 Index and the S&P as it is 17% of the weight on the Nasdaq-100 Index. Apple's share of the S&P 500 is 3.8% more than Microsoft & IBM combined. On the Nasdaq-100 Apple's 16.6 weighting is more than Google, Intel and Amazon.com combined. Since '80, IBM, GE, AT&T, Microsoft & Exxon Mobil have at some point had a heavier weighting on the S&P 500 than Apple did at the end of Dec.

PFE
Pfizer Inc
21.33 +0.03 +0.14% 25.06 Mil: Inv. Bus. Daily pB4 "Pfizer" says Pfizer and Johnson & Johnson is developing an experimental Alzheimer's drug, bapineuzumab, that shows promises.

WSJ pB1 "Pharmacies swept into drug wars" by Devlin Barrett says says the DEA says pharmacies says pharmacies should be on notice that they may be supplying an illegal drug market for prescription drugs. Distributors buy large amounts of drugs from makers like Pfizer and Novartis and then distribute the product to pharmacies and doctors and hospitals.

PG
Procter & Gamble Co 64.48 +0.25 +0.39% 6.92 Mil: No mentions found.

MMM
3M Co 87.99 -0.04 -0.05% 2.83 Mil: No mentions found.

TRV
Travelers Companies Inc 59.16 +0.17 +0.29% 2.37 Mil: No mentions found.

UTX
United Technologies Corp 84.64 -0.24 -0.28% 3.53 Mil: No mentions found.

VZ
Verizon Communications Inc
38.04 -0.09 -0.24% 10.08 Mil: WSJ pB4 "Apple to test smaller tablet" by Lorraine Luk says Apple is working on a new tablet computer with a smaller screen that will run on 4G wireless networks from Verizon Wireless & AT&T. It's screen will be 8 inches smaller than the iPad 2's 9.7 inch screen.

WMT
Wal-Mart Stores Inc
62.22 +0.43 +0.70% 5.13 Mil: Fin Times p14 "Walmart brought down to size in the battlefield of Cina" by Simon Rabinovitch says says retail sales in China are doubling every 5 years but Walmart, Tesco, Carrefour and Metro headline the foreign retail entrants versus Japanese, Korean, Taiwanese and Hong Kong competitors in this retail battlefield. Walmart has more than 350 stores in 140 cites compared to Carrefour's 200.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Chicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ 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 Inge Thulin replaces George W. Buckley on 2/24(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)

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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 2/1/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $402 [5]
2. Microsoft MSFT 251.5 [8.5]
3. IBM 227 [1]
4. WalMart WMT 213 [3.5]
5. Chevron CVX 204.5 [2]
6. GE 198 [10.5]
7. Johnson & Johnson JNJ 179 [3]
8. AT&T T 175.5 [6]
9. Procter & Gamble PG 174 [3]
10. Pfizer PFE 164 [7.5]
11. Coke KO 154 [2.5]
12. JPMorgan Chase JPM 143 [4]
13. Intel INTC 135 [5]
14. Merck MRK 118 [3]
15. Verizon VZ 107 [3]
16. Cisco CSCO 106.5 [5.5]
17. McDonald's MCD 100.5 [1]
18. Bank of America BAC 74.5 [10]
19. United Technologies UTX 72.5 [1]
20. Caterpillar CAT 71.5 [.5]
21. Disney DIS 70.5 [2]
22. Home Depot HD 68.5 [1.5]
23. Kraft KFT 68 [2]
24. 3M MMM 61 [.5]
25. American Express AXP 59 [1]
26. Hewlett-Packard HPQ 57 [2]
27. Boeing BA 56 [1]
28. DuPont DD 47.5 [1]
29. Travelers TRV 24.5 [.5]
30. Alcoa AA 11 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 2/11/12:

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

AT&T T: 1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending comitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks
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

Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
1/19/12 8K re: Sir Martin Sorrell's appointment to Board of Dirs
1/12/12 8K e: transcript of 4Q earnings call
1/10 8K re: 4Q results
1/6/12 8K re: closing of smelter plannt in alcoa, tn & 2 plants in Tx
11/16/11 8K re: exec changes

American Express AXP: 2/9/12 8K re: Investor presentation
1/27/12 8K re: amendment to '07 Incentive Comp Plan
1/19 8K re: 4Q & FY '11 results
1/17/12 8K re: delinq. & write-off stats thru 12/31/11
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

Bank of Am BAC: 2/10/12 8K re: settlement of mortgage abuse case with state & fed regulators
1/19/12 4Q & FY '11 results
1/13/12 8K re: restated indenture
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

Boeing BA: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q results
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

Caterpiller CAT: 1/26/12 two 8Ks re: 4Q & full year '11 results & dealer stats.
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

Chevron CVX: 1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecst for 4Q
12/12/11 8K re grant of exec stock options
11/3/11 10Q for Qtr ended 9/30/11

Cisco CSCO 2/8/12 8K re: 2Q results
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

Coke KO 2/7/12 8K re: 4Q & full year '11 results
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

Disney DIS 2/7/12 10Q for 12/31/11
2/7/12 8K re: 1Q results
1/20/12 Proxy re: annual mtg of shareholders on 3/13/12 at 10 am at Westin, Kansas City
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

DuPont DD: 2/9/12 10K re: FY ended 12/31/11
1/25/12 8K re: comp to CEO Ellen Kullman
1/24/12 8K re: Qtr ended 12/31/11 results
11/22/11 8K : re: election of Lee M. Thomas as Director

ExxonMobil XOM: 1/31/12 8K re: 4Q results
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

GE: 1/20/12 8K re: 4Q results
11/8/11 10Q for Qtr ended 9/30/11

Hewlett-Packard HPQ: 2/3/12 Proxy re: 3/21/12 annual meeting of shareholders at Santa Clara, CA Convention Ctr.
1/30/12 8K re: Lawrence Babbio retiring from Board of Dirs.
1/20/12 8K re: Sari Baldauf retiring from Board of Dirs.
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

Home Depot HD: 1/6/12 S-3 Shelf Registration for direct purchase of shares
11/29/11 10Q & 11/15/11 8K re: results of Qtr ended 10/31/11

Intel INTC: 2/9/12 8K re: settlement of antitrust case beought by NY Atty Gen'l
1/20/12 8K re: appointment of Brian M. Krzanich as COO
1/20/12 8K & 1/19/12 8K re: Qtr & FY 12/31/11 results
11/4/11 10Q for Qtr ended 10/1/11

IBM: 2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreeement for notes due '15 - '17
2/3/12 8K re: exec salaries for top 5 execs
1/3/12 8K re: election of CEO Virginia Rometty & also David Farr to Board of Dirs
1/20/12 8K, 1/19/12 8K, & 1/3/12 8K re: results for FY 12/31/11
11/14/11 8K re: $10 bil Credit Agrmt

JPMorganChase JPM: 2/9/12 8K re: global settlement of mortgage foreclsure suits brought by state & fed regulators
1/23/12 8K re: issuance of $3.25 bil notes
1/13/12 two 8Ks re: 4Q results
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

Johnson & Johnson JNJ : 1/24/12 8K re: 4Q & FY 12/31/12 results
1/13/12 8K re: stock option form certificates
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

Kraft KFT: 1/17/12 8K re: forecast of '11 results
1/10/12 8K re: issuance of $800 mil floating rate notes
1/9/12 8K re: execs named for spin-off of N. Amer. grocery business
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

McDonald's MCD: 2/10/12 8K re: grant of exec stock options
2/8/12 8K re: Jan '12 sales
2/7/12 8K re: issuance of $750 mil med term notes
1/31/12 8K re: exec comp awards to 5 top execs
1/24/12 8K re: 4Q & FY 12/31/11 results
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

Merck MRK: 2/9/12 8K re: Dr. Thomas Shenk retiring from Board of Dirs.
2/2/12 8K re: full year & 4Q results 12/31/11
1/13/12 8K re: settlement of shareholder derivative suit in US Dist Ct. New Jersey
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

Microsoft MSFT: 1/27/12 10Q/A & 1/19/12 10Q for year ended 12/31/11
1/19/12 8K re: 2Q 12/31/11 results
12/22/11 8K/A re frequency of advisory votes on exec pay
11/17/11 8K re: voting results from Annual Shareholder Meeting

Pfizer PFE: 1/31/12 8K re: 4Q & full year 12/31/11 results
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:2/10/12 8K re: restructuring of Beauty & Grooming Blobal Business Unit
2/6/12 8K re: issuance of $2 bil 2.3% & floating rate notes
1/27/12 10Q & two 8Ks re: 12/31/11 results
1/17/12 8K re: change to segment reporting structure
1/10/12 8K re: declaration of quarterly dividend of 52 & half cents per share
11/3/11 8K re: Guidance
11/1/11 8K re: delay of sale of Pringles to Diamond Food

3M MMM: 2/8/12 8K re: Inge G. Thulin replacing George W. Buckley as CEO on 2/24/12
1/26/12 8K re: 4Q & full FY 12/31/11 results
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

Travelers TRV: 1/24/12 8K re: quarter results ending 12/31/11
10/19/11 10Q & 8K re: results for Qtr ended 9/30/11

United Technologies UTX: 2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results
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

Verizon Communications Inc. VZ: 1/24/12 8K re: 4Q results & '12 outlook
1/6/12 8K re: investor presentation
12/6/11 8K re: election of Lowell McAdam as new CEO
12/2/11 8K re purchase of spectrum for $3.6 bil

WalMart WMT: 1/25/12 8K re: election of Rosalind Brewer as CEO of Sam's Club
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