Tuesday, March 13, 2012

3/13/12 Tues pm Dow Closes at 13,177.68 up 217.97 or 1.68%

www.DowJonesMonitor.com

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Post No. 1,521 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 as of 3/7/12 and Dow 30 components' recent SEC filings as of 3/7/12.

The Dow Jones Industrial Average closed Tuesday at 13,177.68 up 217.97 or 1.68% from Monday's close of 12,959.71. Of the 30 Dow components all 30 gained. The biggest gainer dollar-wise was Caterpillar CAT $113.3 +4.36 4% 7,993,261 and percentage-wise was JPMorgan JPM $43.39 +2.85 7.03% 75,442,600 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.50 up from Monday's trailing P/E ratio of 14.44 (year ago it was 14.64); Tuesday's P/E estimate is 12.39 unchanged from Monday's P/E estimate of 12.39 (year ago it was 12.42) and Tuesday's dividend yield is 2.52 unchanged from Monday's dividend yield of 2.52 (last year it was 2.42). 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 1,741.16 up 28.77 from Monday's closing numerator of 1,712.39. 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 $58.04 up $0.96 from Monday's average closing price of $57.08. The median closing price of Tuesday's Dow Jones Industrial Average was $50.91 (DD/HD)up $0.73 from Monday's median closing price of $50.18. The lowest volume was 3M MMM $88.75 +1.21 1.38% 3,070,929 NYSE and the highest volume again was Bank of America BAC $8.49 +0.50 6.26% 374,779,578 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 $2,877 ($174,116 - $171,239).

MarketWatch Tuesday 3/13/12 4:42 pm by Kate Gibson says U.S. stocks leapt Tuesday, with the Nasdaq Composite finishing above 3,000 for the first time in 11 years, after J.P. Morgan Chase & Co. hiked its dividend, retail sales climbed and the Federal Reserve held rates at record lows. “You don’t want to fight the Feds,” Nick Raich, director of research at Key Private Bank in Cleveland, said of the coordinated actions by the U.S. Federal Reserve and its counterparts overseas.
The Federal Reserve, as expected, keeps its interest rate target between 0% and 0.25% and says a rise in oil and gasoline prices will only "temporarily" push up inflation. “It’s been across the globe, the rally, and a lot of it has to do with the over $6 trillion in stimulus being pumped into the economy,” Raich added.
“We avoided a major banking crisis in Europe, and central banks are doing all they can to reinflate the economy and prop up stock prices,” Raich said. “Today’s news by and large was positive. This economy is still picking up steam,” said Peter Tuz, president of Chase Investment Counsel. Reclaiming its perch above 13,000, the Dow Jones Industrial Average DJIA +1.68% rose 217.97 points, or 1.7%, at 13,177.68, its biggest single-day jump since Dec. 20, 2011, and its highest level since Dec. 31, 2007. The Dow last closed above 13,000 on Feb. 28, its first finish above that level since the middle of 2008. J.P. Morgan Chase JPM -0.62% led blue-chip gains, up 7% after the bank said it would hike its quarterly dividend and repurchase $15 billion of its stock by the end of the first quarter 2013. The S&P 500 Index SPX +1.81% added 24.87 points, or 1.8%, to 1,395.96, with financial companies rallying the hardest among its 10 sectors. Even with Nasdaq above 3,000, the market will likely remain cautious and most leading tech-sector stocks will rise slowly, says tech commentator John C. Dvorak. Also topping a psychological milestone, the Nasdaq Composite COMP +1.88% climbed 56.22 points, or 1.9%, to 3,039.88, its highest level since Nov. 15, 2000.The Nasdaq cleared 3,000 on Feb. 29, but failed to retain the level through the close. That last occurred Dec. 11, 2000. The Nasdaq hit its all-time high of 5,048.62 on March 10, 2000. Apple Inc. AAPL +0.05% shares, the biggest Nasdaq component, hit a record $568.18, and finished at $568.10, up 2.9%, after Jefferies raised its price target on the technology company and research group IDC hiked its outlook for table computer shipments for 2012.
For every stock falling more than three gained on the New York Stock Exchange, where 907 million shares traded. Composite volume topped 4.3 billion. “I don’t know what to make of the low volume, maybe institutions are fully invested and we have not successfully gotten retail investors back into the stock market,” said Tuz.
The dollar climbed against the euro EURUSD -0.07% and the yen USDJPY +0.05% , while bond prices fell, with the yield on the benchmark 10-year note 10_YEAR +0.42% rising to 2.08%. The price of crude wavered between gains and losses, with oil futures for April delivery CLJ2 +0.10% closing up 37 cents at $106.71 a barrel on the New York Mercantile Exchange. As expected, the central bank kept interest rates at record lows and said it would continue its program of swapping short-term for longer-term Treasurys. “They are in a balancing act between some signs of economic growth, chiefly better employment numbers, against rising gas and food prices, so it’s steady as she goes until the next meeting,” said Tuz at Chase Investment Counsel. The Commerce Department reported retail sales climbed 1.1% to $407.8 billion in February, while the prior two months were revised higher. The rising sales were pretty impressive in that rising gas prices haven’t hurt the consumer,” said Raich at Key Private Bank. The upward revisions imply first-quarter economic growth could be “a bit stronger” than first estimated, noted Dan Greenhaus, chief global strategist at BTIG LLC in New York.

Tuesday's Closing Dow Numbers:

Symbol Last Sale Change % Change Share Volume Market

AT&T T $31.63 +0.19 0.6% 23,445,812 NYSE
Alcoa AA $10.31 +0.44 4.46% 40,165,762 NYSE
American Express AXP $54.25 +1.48 2.8% 6,775,356 NYSE
Bank of America BAC $8.49 +0.50 6.26% 374,779,578 NYSE
Boeing BA $74.31 +0.71 0.96% 4,422,112 NYSE
Caterpillar CAT $113.3 +4.36 4% 7,993,261 NYSE
Chevron CVX $111.19 +1.19 1.08% 7,195,556 NYSE
CSCO $20.22 +0.39 1.97% 32,763,201 NASDAQ-GS
Coke KO $70.25 +0.10 0.14% 8,880,232 NYSE
Disney DIS $44.01 +1.67 3.94% 14,898,262 NYSE
DuPont DD $52.68 +1.48 2.89% 6,998,475 NYSE
Exxon XOM $86.86 +1.31 1.53% 16,536,708 NYSE
GE $19.59 +0.46 2.4% 62,585,955 NYSE
Hewlett-Packard HPQ $24.57 +0.53 2.2% 22,399,149 NYSE
Home Depot HD $49.14 +0.55 1.13% 10,766,565 NYSE
Intel INTC $27.49 +0.505 1.87% 33,229,520 NASDAQ-GS
IBM $203.78 +2.78 1.38% 4,793,975 NYSE
JPMorgan JPM $43.39 +2.85 7.03% 75,442,600 NYSE
Johnson & Johnson JNJ $65.33 +0.23 0.35% 9,599,984 NYSE
Kraft KFT $38.52 +0.40 1.05% 6,763,579 NYSE
McDonald's MCD $96.78 +0.12 0.12% 6,258,080 NYSE
Merck MRK $38.28 +0.18 0.47% 14,858,087 NYSE
MSFT $32.67 +0.63 1.97% 48,122,402 NASDAQ-GS
Pfizer PFE $22.01 +0.47 2.18% 44,368,640 NYSE
Procter & Gamble PG $67.9 +0.19 0.28% 8,955,814 NYSE
MMM $88.75 +1.21 1.38% 3,070,929 NYSE
Travelers TRV $58.41 ++0.80 1.39% 3,428,536 NYSE
United Technologies UTX $86.57 2.58 3.07% 7,539,747 NYSE
Verizon VZ $39.48 +0.16 0.41% 10,343,395 DualListed
Walmart WMT $61 +0.32 0.53% 8,638,284 NYSE

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The following are excerpts from Tuesday morning's Blog.

A read of the print editions of Tuesday's Wall St. 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 Monday's stock prices and related data.

Dow Jones Industrial AverageThe Dow Jones Industrial Average closed Monday at 12,959.71 up 37.69 or 0.29% from Friday's close of 12,922.02. For the year the Dow is up 6.07%. Of the 30 Dow components 21 gained, Travelers was unchanged and 8 declined. The biggest gainer dollar-wise and percentage-wise was Exxon XOM $85.59 +1.29 1.53% 17,182,862 NYSE. The biggest decliner dollar-wise was Caterpillar CAT $108.99 -1.23 1.12% 6,085,396 NYSE and percentage-wise was JPMorgan JPM $40.54 -0.49 1.19% 28,588,744 NYSE.

WSJ pC4 "Dow extends streak to 4 sessions" by Chris Dieterich says the Dow rose for the 4th straight session in listless trading as trade data from China raised concerns about growth there. Exxon rose $1.25 and Merck was up 1.3% while JPMorgan fell 49 cents and Caterpillar fell $1.28.

NYT pB8 "Slowdown in China weighs on Wall St" by Bloomberg says stocks were mixed on Mon in light trading as investors weighed whether an economic slowdown in China could lead to an easing of monetary policy.

Fin Times p24 "BofA falls below $8 threshold as banks drive fin'ls down" by Arash Massoudi says US equities were mixed Mon as fresh economic data out of China added to growing concerns that its economy was cooling.

USA Today p6B "Uncertainty has Dow, S&P slightly up, while Nasdaq slips" by AP says stocks struggled for direction Mon, unsure of what to make of news about Greece's debt workout and eclectic announcements from a few well known US firms, such as Seal and Michael Kors.

Inv. Bus. Daily pA1 "Stocks end little hanged ahead of Fed's meeting" by Vincent Mao
says stocks struggled for direction and ended narrowly mixed following a quiet session Mon as the current outlook is still a confirmed uptrend.
As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C5 of Tuesday's Wall St. Journal is 0.132129493. Tuesday's trailing P/E ratio is 14.50 up from Monday's trailing P/E ratio of 14.44 (year ago it was 14.64); Tuesday's P/E estimate is 12.39 unchanged from yesterday's P/E estimate of 12.39 (year ago it was 12.42) and today's dividend yield is 2.52 unchanged from yesterrday's dividend yield of 2.52 (last year it was 2.42). 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.

Monday's Dow Jones Industrial Average closing numerator was 1,712.39 up 5.1 from Friday's closing numerator of 1,707.38. 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 Monday's Dow Jones Industrial Average was $57.08 up $0.17 from Friday's average closing price of $56.91. The median closing price of Monday's Dow Jones Industrial Average was $50.18 (DD/HD)up $0.38 from Friday's median closing price of $49.80. The lowest volume was 3M MMM $87.54 +0.74 0.85% 1,813,167 NYSE and the highest volume again was Bank of America BAC $7.975 -0.075 0.93% 156,147,483 NYSE.

If Monday 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 $510 ($171,239 - $170,738).

MarketWatch Monday 3/12/12 4:08 pm by Laura Mandaro says U.S. stocks managed moderate gains in low volume Monday, pushing the Dow Jones Industrial Average DJIA +0.29% to its fourth straight win. The Dow average rose 37.69 points, or 0.3%, to 12,959.71, its longest string of gains since the win streak ended Jan. 20. The S&P 500 SPX +0.02% inched up 0.22 point to 1,371.09. The Nasdaq Composite COMP -0.16% fell 4.68 points, or 0.2%, to 2,983.66. New York Stock Exchange volume was 611 million with 3 billion NYSE-listed shares trading hands, or about 80% of the last month's average. With a light U.S. economic and corporate calendar, investors traded cautiously ahead of bigger events this week, including Tuesday's Federal Reserve meeting.

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

Symbol Last Sale Change % Change Share Volume Market

AT&T T
$31.4686 +0.2886 0.93% 18,191,385 NYSE: Inv. Bus. Daily pA4 "Feds unlikely to free up airwaves sought" by Reinhardt Krause says the Obama admin won't reach its '15 target for freeing up radio spectrum for wireless broadband services even if the FCC auctions off airwaves held by TV broadcasters as AT&T and Verizon crave more spectrum. AT&T & Verizon should get some in '13 auction.

Alcoa AA
$9.88 +0.07 0.71% 19,907,359 NYSE: No mentions found.

American Express AXP
$52.73 -0.47 0.88% 3,418,879 NYSE: No mentions found.

Bank of America BAC
$7.975 -0.075 0.93% 156,147,483 NYSE: WSJ pC3 "Foreclosure pact alleges a pattern of malfeasance" by Ruth Simon, AJC pA10 "Bank settlement details revealed" by Nelson Schwartz, NYTimes say the filing by US & state officials accusing Bank of America, JPMorgan and 3 other banks of overcharging and misleading borrowers as part of a $25 bil settlement offered a detailed description of the abuses.

WSJ pC3 "Fed fights subpoena on Bernanke" by Dan Fitzpatrick says in a class action suit vs Bank of america re: charges Merrill Lynch was taken over by BofA based on improper disclosures by BofA, plaintiffs' lawyers are trying to subpoena Bernnanke.

Boeing BA
$73.64 +0.35 0.48% 2,376,248 NYSE: WSJ pB3 "Boeing subsidy ruling upheld" by Daniel Michaels, NYT pB7 "In appeal, WTO upholds a decision against Boeing" by Chris Drew, Fin Times p4 "Boeing gained from illegal subsidies, confirms WTO" by James Pliti, AJC pA10 "WTO upholds ruling on Boeing's US subsidies" say Boeing's subsidies from the US and states damaged Airbus by more than $5.3 bil and the WTO's Appellate Body backed a Mar '11 report finding the additional aid to Beoing re: the 787 Dreamliner.

Caterpillar CAT
$108.99 -1.23 1.12% 6,085,396 NYSE: WSJ pC4 "Dow extends streak to 4 sessions" by Chris Dieterich says the Dow rose for the 4th straight session in listless trading as trade data from China raised concerns about growth there. Exxon rose $1.25 and Merck was up 1.3% while JPMorgan fell 49 cents and Caterpillar fell $1.28.

Chevron CVX
$109.76 +0.19 0.17% 3,803,162 NYSE: No mentions found.

CSCO
$19.83 +0.03 0.15% 26,062,712 NASDAQ-GS: No mentions found.

Coke KO
$70.175 +0.665 0.96% 8,137,589 NYSE: NYT pB1 "Pepsi chief shuffles management to soothe investors" by Stephanie Strom, Fin Times p18 "PepsiCo signals succession plans" by Alan Rappeport say Pepsi has reacted to Coke's move in pricing Minute Maid juices and Powerade sports drinks competitively causing Pepsi to lose market share with brands that had been dominant.

Disney DIS
$42.35 +0.11 0.26% 5,811,045 NYSE: WSJ pB3 "Disney takes on proxy adviser" by Joann Lublin says Disney accuses Institutional Shareholder Services, a proxy advisory firm, of being out of touch as it gets ready for its annual shareholders meeting today in a vote on exec-pay practices.

DuPont DD
$51.2295 -0.2705 0.53% 5,754,923 NYSE: No mentions found.

Exxon XOM
$85.59 +1.29 1.53% 17,182,862 NYSE: WSJ pC4 "Dow extends streak to 4 sessions" by Chris Dieterich says the Dow rose for the 4th straight session in listless trading as trade data from China raised concerns about growth there. Exxon rose $1.25 and Merck was up 1.3% while JPMorgan fell 49 cents and Caterpillar fell $1.28.

GE
$19.145 +0.105 0.55% 31,767,189 NYSE: No mentions found.

Hewlett-Packard HPQ
$24.04 -0.14 0.58% 14,856,110 NYSE: No mentions found.

Home Depot HD
$48.58 +0.48 1% 8,628,101 NYSE: No mentions found.

Intel INTC
$26.985 -0.085 0.31% 23,668,329 NASDAQ-GS: WSJ pB1 "Intel wants to sell TV, too" by Sam Schechner says Intel is developing an Internet based tv services it will sell in the US, a strategic shift as it sets its sights on the pay-TV business.

IBM
$200.99 +0.37 0.18% 2,717,782 NYSE: No mentions found.

JPMorgan JPM
$40.54 -0.49 1.19% 28,588,744 NYSE: WSJ pC3 "Foreclosure pact alleges a pattern of malfeasance" by Ruth Simon say the filing by US & state officials accusing Bank of America, JPMorgan and 3 other banks of overcharging and misleading borrowers as part of a $25 bil settlement offered a detailed description of the abuses.

WSJ pC4 "Dow extends streak to 4 sessions" by Chris Dieterich says the Dow rose for the 4th straight session in listless trading as trade data from China raised concerns about growth there. Exxon rose $1.25 and Merck was up 1.3% while JPMorgan fell 49 cents and Caterpillar fell $1.28.

Johnson & Johnson JNJ
$65.095 +0.355 0.55% 6,268,385 NYSE: No mentions found.

Kraft KFT
$38.15 +0.20 0.53% 4,547,106 NYSE: No mentions found.

McDonald's MCD
$96.72 -0.12 0.12% 3,960,202 NYSE: No mentions found.

Merck MRK
$38.08 +0.48 1.28% 9,166,561 NYSE: No mentions found.

Microsoft MSFT
$32.04 +0.05 0.16% 33,578,393 NASDAQ-GS: WSJ pC4 "Dow extends streak to 4 sessions" by Chris Dieterich says the Dow rose for the 4th straight session in listless trading as trade data from China raised concerns about growth there. Exxon rose $1.25 and Merck was up 1.3% while JPMorgan fell 49 cents and Caterpillar fell $1.28.

Pfizer PFE
$21.555 +0.075 0.35% 33,303,112 NYSE: No mentions found.

Procter & Gamble PG
$67.7485 +0.8185 1.22% 8,062,000 NYSE: No mentions found.

3M MMM
$87.54 +0.74 0.85% 1,813,167 NYSE: No mentions found.

Travelers TRV
$57.61 unch unch 2,323,723 NYSE: No mentions found.

United Technologies UTX
$84 +0.45 0.54% 3,249,000 NYSE: No mentions found.

Verizon VZ
$39.32 +0.22 0.56% 8,914,745 DualListed: Inv. Bus. Daily pA4 "Feds unlikely to free up airwaves sought" by Reinhardt Krause says the Obama admin won't reach its '15 target for freeing up radio spectrum for wireless broadband services even if the FCC auctions off airwaves held by TV broadcasters as AT&T and Verizon crave more spectrum. AT&T & Verizon should get some in '13 auction.

Walmart WMT
$60.69 +0.61 1.02% 6,950,314 NYSE: No mentions found.

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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 (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon to be replaced by Alex Gorsky 4/24/12 (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 (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 3/7/12 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $404.5 [5]
2. IBM 229 [1]
3. Microsoft MSFT 268 [8.5]
4. Chevron CVX 216.5 [2]
5. WalMart WMT 205 [3.5]
6. GE 198.5 [10.5]
7. Procter & Gamble PG 183.5 [3]
8. AT&T T 183 [6]
9. Johnson & Johnson JNJ 176.5 [3]
10. Pfizer PFE 161 [7.5]
11. Coke KO 155.5 [2.5]
12. JPMorgan Chase JPM 152.5 [4]
13. Intel INTC 137 [5]
14. Merck MRK 113.5 [3]
15. Verizon VZ 110 [3]
16. Cisco CSCO 104.5 [5.5]
17. McDonald's MCD 102 [1]
18. Bank of America BAC 86 [10.5]
19. United Technologies UTX 75 [1]
20. Disney DIS 75 [2]
21. Home Depot HD 73 [1.5]
22. Caterpillar CAT 70 [.5]
23. Kraft KFT 67 [2]
24. American Express AXP 61 [1]
25. 3M MMM 59.5 [.5]
26. Boeing BA 55 [1]
27. Hewlett-Packard HPQ 48 [2]
28. DuPont DD 47 [1]
29. Travelers TRV 22.5 [.5]
30. Alcoa AA 10 [1]

Here are the latest 8K, 10Q & 10K & Proxy & certain other SEC filings as of 3/7/12:

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

AT&T T: 2/29/12 8K re: redemption of 5.87% Notes due 5/15/12
2/24/12 10K for FY ended 12/31/11
2/21/12 Prelim Proxy re: Annual Meeting of Stockholders on 4/27/12 Grand America Hotel, Salt Lake City, Utah
2/13 8K re: sale of $3 bil Global Notes
1/26/12 two 8Ks re redemption of 6.3% Sr. notes & reduction of Citibank lending commitment to $3 bil
1/13/12 two 8Ks re: 4Q results and stock buybacks

Alcoa AA: 2/26/12 8K re: amendment to bylaws re: notice to shareholders
3/1/12 Prelim Proxy re: Annual Meeting of Shareholders 5/4/12 Fairmont Hotel, Pittsburgh, PA
2/28/12 10K/A & 2/16/12 10K for FY ended 12/31/11
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 plant in Alcoa, Tn & 2 plants in Tx

American Express AXP: 3/2/12 Prelim Proxy re: Annual Meeting of Shareholders 4/30/12 American Express HQ, NYC
2/29/12 & 2/24/12 10K/A & 10K for FY ended 12/31/11
2/15/12 8K re: Deling & write-off stats for 3 months ended 1/31/12
2/13/12 8K re: retirement of Director Dan Akerson
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

Bank of Am BAC: 2/23/12 10K for FY ended 12/31/11
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

Boeing BA: 2/29/12 8K re: grant of stock options to exec
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

Caterpillar CAT: 2/21/12 10K for FY ended 12/31/11
2/21/12 8K re: Jan '12 dealer stats
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

Chevron CVX: 2/23/12 10K for FY ended 12/31/11
1/27/12 two 8Ks re: 4Q results & grant of exec stock options
1/11/12 8K re: forecast for 4Q
12/12/11 8K re grant of exec stock options

Cisco CSCO : 2/21/12 10Q for Qtr ended 1/28/12
2/17/12 8K re: $3 bil credit agreement with Bank of America
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

Coke KO 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Robert A. Kotick as Dir.
2/15/12 8K re: adoption of restricted stock plan
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.

Disney DIS 2/13/12 8K re: sale of $1 bil of 1.125% Global Notes due '17
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

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

ExxonMobil XOM: 2/29/12 8K re: election of Henrietta H. Fore as Dir.
2/24/12 10K for FY ended 12/31/11
2/23/12 8K re: worldwide proved oil & gas reserves
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

GE: 1/20/12 8K re: 2/24/12 10K re: FY ended 12/31/11

Hewlett-Packard HPQ: 2/22/12 8K re: 1Q results ended 1/31/12
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

Home Depot HD: 2/21/12 8K re: FY '11 results & FY '12 guidance
1/6/12 S-3 Shelf Registration for direct purchase of shares

Intel INTC: 2/28/12 8K re: expansion of JV with Micron Tech for flash memory
2/23/12 10K for FY ended 12/31/11
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

IBM: 2/28/12 10K for FY ended 12/31/11
2/9/12 8K re: underwriting agreement for 2.2% Notes due '17
2/3/12 8K re: underwriting agreement 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

JPMorganChase JPM: 3/1/12 8K re: 2/28/12 Investor Day Presentation
2/29/12 10K for FY ended 12/31/11
2/9/12 8K re: global settlement of mortgage foreclosure 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

Johnson & Johnson JNJ : 2/23/12 10K for FY ended 12/31/11
2/21/12 8K re: election of Alex Gorsky as CEO & Dir as of 4/26/12
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-!

Kraft KFT: 2/27/12 10K for FY ended 12/31/11
2/21/12 2 8Ks re: '11 operating results & 4Q results
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

McDonald's MCD: 3/7/12 Prelim Proxy re: Annual Meeting of Shareholders 5/24/12 at McDonald's HQ Oak Brook, Ill.
2/24/11 10K for FY ended 12/31/11
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%

Merck MRK: 2/28/12 10K for FY ended 12/31/11
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

Microsoft MSFT: 2/27/12 8K re: election of John W. Thompson as Dir.
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

Pfizer PFE: 2/28/12 10K for FY ended 12/31/12
1/31/12 8K re: 4Q & full year 12/31/11 results
12/13/11 8K re election of 3 new members to Board

Procter & Gamble PG:2/23/12 8K re: Consumer Analyst Conference slides 2/23/12
2/15/12 8K re: sale of Pringles to Kellogg for $2.7 bil in cash
2/10/12 8K re: restructuring of Beauty & Grooming Global 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

3M MMM:2 8ks 2/21/12 & 2 8ks 2/16/12 re: exec pre-arranged stock trading plans
2/16/12 10K FY 12/31/11
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

Travelers TRV: 2/16/12 10K FY 12/31/11
1/24/12 8K re: quarter results ending 12/31/11

United Technologies UTX: 2/24/12 Def. Proxy re: 4/11/12 Annual Meeting of Shareholders Riviera Theatre Charleston, SC
2/17/12 8K re: election of Pedro Baranda as Pres. of Otis Elevator
2/9/12 10K for year ended 12/31/11
1/25/12 8K re: 4Q & full '11 year results

Verizon Communications Inc. VZ: 2/24/12 10K FY 12/31/11
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: 2/21/12 8K re: 4Q results
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

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