2/2/10 Tues. pm Dow closes 10,296.85 up 111.32 or 1.09%

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Post #274 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 2/1/10 and an update of the Dow 30component's most recent SEC filings as of 2/1/10.

The Dow Jones Industrial Average closed Tuesday at 10,296.85 up 111.32 or 1.09% from Monday's close of 10,067.33. Of the 30 Dow Companies: 28 gained and 2 (DuPont and 3M) declined. The biggest gainer dollar-wise was Merck MRK $39.54 +1.24 3.24% 15,069,423 NYSE and percentage-wise was GE $16.85 0.60 3.69% 115,487,982 NYSE. The biggest decliner dollar-wise was and percentage-wise was DuPont DD $33.63 -0.03 0.09% 8,228,919 NYSE.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 16.50 down from Monday morning's 16.30 (year ago it was 19.17) the P/E estimate is 12.99 unchanged from Monday's 12.99 (year ago it was 9.71) and the current dividend yield is 2.69 down from Monday's 2.72 (it was 3.94 a year ago).

Tuesday's Dow Jones Industrial Average closing numerator was 1,362.47 up 14.73 from Monday's closing Dow numerator of 1,347.74. 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 of 14.73 for Tuesday by the divisor you get the increase in Tuesday's Dow close of 111.32.

The average closing price (the closing numerator divided by 30) of Tuesday's Dow Jones Industrial Average was 45.42 up 0.50 from Monday's Dow Jones Industrial Average closing price of $44.92. The median closing price of Tuesday's Dow Jones Industrial Average was 40.04. The lowest volume again was 3M MMM $MMM $80.43 -0.01 0.01% 4,669,589 NYSE and the highest volume again was Bank of Am BAC $15.6 +0.18 1.17% 171,050,602 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 $1,500 ($136,260 - $134,760).

Tuesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

AT&T T $25.69 +0.31 1.22% 31,113,039 NYSE
Alcoa AA $13.67 +0.31 2.32% 50,349,363 NYSE
American Express AXP $39.02 +0.81 2.12% 11,248,945 NYSE
Bank of America BAC $15.6 +0.18 1.17% 171,050,602 NYSE
Boeing BA $61.94 +0.24 0.39% 7,813,700 NYSE
Caterpillar CAT $53.55 +0.61 1.15% 7,647,068 NYSE
Chevron CVX $74.45 +0.87 1.18% 12,842,797 NYSE
Cisco CSCO $23.02 +0.29 1.28% 53,951,793 NASDAQ-GS
Coca-Cola KO $55.05 +0.67 1.23% 8,426,346 NYSE
Disney DIS $29.98 +0.46 1.56% 10,093,582 NYSE
DuPont DD $33.63 -0.03 0.09% 8,228,919 NYSE
ExxonMobil XOM $66.96 +0.78 1.18% 33,793,591 NYSE
GE $16.85 0.60 3.69% 115,487,982 NYSE
Home Depot HD $29.03 +0.64 2.25% 19,506,404 NYSE
Hewlett-Packard HPQ $48.59 +0.76 1.59% 17,442,773 NYSE
Intel INTC $19.91 +0.30 1.53% 61,822,051 NASDAQ-GS
IBM $125.53 +0.86 0.69% 5,888,697 NYSE
J.P. Morgan Chase JPM $40.55 +0.92 2.32% 45,845,495 NYSE
Johnson & Johnson JNJ $63.99 +0.90 1.43% 13,537,707 NYSE
Kraft KFT $28.5 +0.44 1.57% 21,602,802 NYSE
McDonald's MCD $64.03 +0.14 0.22% 7,257,925 NYSE
Merck MRK $39.54 +1.24 3.24% 15,069,423 NYSE
Microsoft MSFT $28.46 +0.05 0.18% 54,070,019 NASDAQ-GS
Pfizer PFE $19.24 +0.45 2.39% 67,350,089 NYSE
Procter & Gamble PG $62.9 +0.91 1.47% 17,611,475 NYSE
3M MMM $80.43 -0.01 0.01% 4,669,589 NYSE
Travelers TRV $51.09 +0.40 0.79% 5,630,171 NYSE
United Technologies UTX $68.03 +0.48 0.71% 6,121,265 NYSE
Verizon VZ $29.73 +0.12 0.41% 16,497,701 NYSE
WalMart WMT $53.49 +0.01 0.02% 11,378,824 NYSE
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The following are excerpts from Tues. morning's Blog:

A read of Tuesday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, Investor's Business Daily, USA Today, Atlanta Journal Constitution & (Ga.) Daily Report 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: The Dow Jones Industrial Average closed Monday at 10,185.53 up 118.2 or 1.17% from Friday's close of 10,067.33. For the year the Dow is down 2.33%. Of the 30 Dow Companies: 28 gained and 2 (Disney and 3M) declined. The biggest gainer dollar-wise was IBM $124.67 2.28 1.86% 7,143,319 NYSE and percentage-wise was Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE. The biggest decliner dollar-wise was 3M MMM $80.44 0.05 0.06% 3,603,556 and percentage-wise was Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE.

WSJ pC1 "Exxon Fuels Stock Gains; Dow Up 1.2%" by Peter A. Mckay says strong earnings & manufacturing data spurred stocks to their best gain since the first trading day of the year. The Dow Jones Industrial Average rose 1.2% boosted by a 2.7% gain in Exxon Mobil, which reported better than expected earnings. The gains represented the Dow's biggest rise in point and percentage terms since its 156 point rally on 1/4. But the Dow failed to keep up the momentum in Jan, ending the month down 3.5%, the worst showing since Feb. '09.

WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better thane expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

Fin Times p24 "Positive industrial data help prompt S&P 500 recovery" by Samantha Pearson says positive manufacturing data and encouraging results from ExxonMobil helped to lift Wall St. sharply higher Mon. ExxonMobil also added to Wall St's optimism as the nation's largest oil firm posted a 23% decline in 4Q profit, mainly because of difficulties at its refinery business.

Inv. Bus. Daily pA1 "Industrial Stocks lead As Market Jumps; Trade Falls" by Juan Carlos Arancibia says stocks recouped a bit of their recent losses Mon as the market cheered a manufacturing report. Monday's action was sharply higher but on lower volume. The current outlook is that the market is in a correction.

NYT pB8 "Shares Rise on a Flurry of Hopeful Economic Reports" by AP says shares rose on hopes that the economy was recovering. The stronger reports on manufacturing activity and person incomes helped shore up the market's mood afer three lossing weeks that left stocks with a loss for Jan. Manufacturing activity in the US grew in Jan. for a sixth consecutive month tot he strongest level since Aug. '04 according to the Institute for Supply management, a trade group. the comerce Dept. said consumer spending increased 0.2% in Dec, its 3rd straight monthly gain.

Fin Times p16 "CME in talks to buy Dow Jones index arm" by Hal Weitzman says the CME Group the world's biggest futures exchange is in alks to buy Dow Jone's index business from News Corp for as much as $700 mil. CME cold crate new instruments to trade off of Dow Jones indexes and would gain exclusive trading rights.

USA Today p4B "Stocks rebound on economic reports" by Bloomberg says US stocks rallied Mon, driving a rebound in the S&P 500 from a 3 month low, afer measures of manufacturing and income increased more than estimated and ExxonMobil beat forecasts. While the S&P has surged 61% since march 9, it notched a third weekly loss in a row last week after Qualcomm, Motorola and Microsoft tempered enthusiasm about an earnings season in which 80% of index members reporting have topped expectations since 1/11.

Monday's Dow Jones Industrial Average closing numerator was 1,347.74 up 15.64 from Friday's closing Dow numerator of 1,332.1. 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 of 15.64 for Monday by the divisor you get the increase in Monday's Dow close of 118.2.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 44.92 up 0.52 from Friday's Dow Jones Industrial Average closing price of $44.40. The median closing price of Friday's Dow Jones Industrial Average was 38.42 down 0.12 from Friday's $38.54. The lowest volume again was 3M MMM $MMM $80.44 0.05 0.06% 3,603,556 NYSE and the highest volume again was Bank of Am BAC $BAC $15.42 0.24 1.58% 157,052,552 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 $1,560 ($134,760 - $133,200).

AT&T T $25.38 0.02 0.08% 36,270,735 NYSE: WSJ pB3 "Leap Wireless Seeks Suitor" by Jeffrey McCracken, Niraj Sheth says cellular provider Leap Wirelss Int'l is trying to sell the firm or merge. It sells its service under the Cricket band and has 4.7 mil customers. MetroPCS is the most likely partner but the firm has been feeling out larger wireless carriers such as AT&T and Verizon Wireless. Leap provides prepaid service at the lowe end of the market is being squeezed as major carriers like AT&T, Verizon and Sprint Nextel encroach on its prepaid turf and slash their contract rates.

WSJ pB4 "Carriers Try Software for Data Flood" by Niraj Sheth says facinga deluge of Web and video traffic that is pushing the limits of their networks, big wireless carriers are resorting to software shortcuts and other tricks to streamline data traffic until they install more cellular towers and roll out next generation networks. In the US, At&t ahs been at the forefront of the data explosion, because it offers the iPhone, which can surft the Web and run apps. In the last 3 years, its data traffic has grown 50 fold. Verizon Wireless is a customer of FlashNetworks which sells video files formats that are more efficient in using bandwdith to download videos.

Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE: WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better thane expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

American Express AXP $38.21 0.55 1.46% 9,205,561 NYSE: No mentions found.

Bank of America BAC $15.42 0.24 1.58% 157,052,552 NYSE: WSJ pB5 "Asset Based Lending Grows in Popularity" by Kyle Stocks says last resort type of financing gains ground as tradition sources of capital dry up. However, the asset based finance industry is still dominated by Wall Street's biggest firms and almost all of those banks pulled back during the crisis. From '07 to '08 half of asset based loan volume from the industry's top 25 firms disappeared. Bank of America is the industry leader with a third of the market while JPMorgan Chase was the No. 3 asset based lender in '09, is expanding its asset based lending unit through the western US.

Boeing BA $61.7 1.10 1.82% 5,830,336 NYSE: WSJ pA6 "Over $700 Bil Sought for Defense" by August Cole says the Obama admin is seeking a record $708 bil in fiscal '11 for the Defense Sept. as the US military continues to wrestle with a mounting bill for operations in Iraq and Afghanistan. The Obama admin is trying to kill off the Boeing c-17 transport plane program. Overall, the funding for military hardware is set to rise by 7.7% to $112.9 bil with a lot to be spent on battle ready weapons like helicopters from Boeing and United Technologies Corp.'s Sikorsky unit that see heavy use in current military operations.

Caterpillar CAT $52.94 0.70 1.34% 7,106,997 NYSE: No mentions found.

Chevron CVX $73.58 1.46 2.02% 11,757,631 NYSE: WSJ pB1 "Exxon Dives Deep Into High Risk Exploration" by Russell Gold says Exxon Mobil is searching for oil in most of the world's regions where high risk exploration is under way, even as other big oil firms are being more selective and cutting capital spending. So far Exxon has little to show from its exploration campaign and needs to make large discoveries soon to justify the increased spending. Chevron reduced upstream capital spending last year by 7.9% as are other oil firms.

Cisco CSCO $22.73 0.26 1.16% 53,712,040 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.38 0.13 0.24% 7,182,219 NYSE: No mentions found.

Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE: WSJ pC1 "Investors to Get Reading on Ad Rev" by Shira Ovide says the economic downturn has led firms to cut advertising on TV, radio, newspapers and magazines. Investors will get a read this week on advertising activity as News Corp., owner of The Wall St. Jrnl will psot fiscal 2Q earnings on Tues, Time Warner on Wed and the rest of the Big Five, Disney, Viacom and CBS will report earnings later this month.

duPont DD $33.66 1.05 3.22% 6,943,981 NYSE: WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better than expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

ExxonMobil XOM $66.18 1.75 2.72% 37,233,333 NYSE: WSJ pC1 "Exxon Fuels Stock Gains; Dow Up 1.2%" by Peter A. Mckay says strong earnings & manufacturing data spurred stocks to their best gain since the first trading day of the year. The Dow Jones Industrial Average rose 1.2% boosted by a 2.7% gain in Exxon Mobil, which reported better than expected earnings. The gains represented the Dow's biggest rise in point and percentage terms since its 156 point rally on 1/4. But the Dow failed to keep up the momentum in Jan, ending the month down 3.5%, the worst showing since Feb. '09.

WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better than expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

WSJ pB1 "Exxon Dives Deep Into High Risk Exploration" by Russell Gold, Fin Times p17 "Exxon hit by lower refining margins" by Sheila McNulty, NYT pB3 "In '09, Exxon Grew as the Oil Industry Contract" by Jad Mouawad, USA Today p1B & AJC pA8 say Exxon Mobil is searching for oil in most of the world's regions where high risk exploration is under way, even as other big oil firms are being more selective and cutting capital spending. So far Exxon has little to show from its exploration campaign and needs to make large discoveries soon to justify the increased spending. Chevron reduced upstream capital spending last year by 7.9% as are other oil firms. Exxon posted 4Q profit of $6.05 bil, down 23% from a year earlier while rev rose 6.1% to $89.84 bil. Exxon raised its full year dividend by 7% to $1.66 pe share. Exxon spent a record $27.1 bil on its exploration and development programs last year continuing its long standing strategy of investing during market declines. Exxon's earnings for the year were $3.98 a share, compared with $8.66 a share in '08.

Fin Times p24 "Positive industrial data help prompt S&P 500 recovery" by Samantha Pearson says positive manufacturing data and encouraging results from ExxonMobil helped to lift Wall St. sharply higher Mon. ExxonMobil also added to Wall St's optimism as the nation's largest oil firm posted a 23% decline in 4Q profit, mainly because of difficulties at its refinery business.

GE $16.25 0.17 1.06% 56,302,373 NYSE: No mentions found.

Home Depot HD $28.39 0.38 1.36% 16,941,249 NYSE: No mentions found.

Hewlett-Packard HPQ $47.83 0.76 1.61% 15,463,189 NYSE: No mentions found.

Intel INTC $19.61 0.21 1.08% 49,573,731 NASDAQ-GS: No mentions found.

IBM $124.67 2.28 1.86% 7,143,319 NYSE: No mentions found.

J.P.Morgan Chase JPM $39.63 0.69 1.77% 36,643,601 NYSE: WSJ pC1 "Banks Gear Up for a Battle" by Kate Kelly says defining what proprietary trading is the key to how Pres. Obama's proposed curbs on proprietary trading on banks with insured deposits will affect big banks. JPMorgan's Chief Risk Officer will testify Thurs. before the Senate Banking Committee. At JPM and Bank of America proprietary trading is about 1% or less of total rev.

WSJ pB5 "Asset Based Lending Grows in Popularity" by Kyle Stocks says last resort type of financing gains ground as tradition sources of capital dry up. However, the asset based finance industry is still dominated by Wall Street's biggest firms and almost all of those banks pulled back during the crisis. From '07 to '08 half of asset based loan volume from the industry's top 25 firms disappeared. Bank of America is the industry leader with a third of the market while JPMorgan Chase was the No. 3 asset based lender in '09, is expanding its asset based lending unit through the western US.

Johnson & Johnson JNJ $63.09 0.23 0.37% 9,927,003 NYSE: WSJ pB3 "Boston Scientific to Pay $1.73 Bil to Settle Stent Suits" by Jon Kamp, Inv. Bus. Daily pA2, NYT pB3 "$1.7 Bil Settlement in Dispute Over Stents" by Barry Meier say Boston Scientific Corp. will pay Johnson & Johnson $1.73 bil to end more disputes in long running legal battles over patents for heart stent. It paid $1 bil on J& J on Mon after paying $716 mil in Sept. to settle 14 other patent infringement suits. J&J's stent making Corids unit is involved in other litigation with Boston Scientific.

Kraft KFT $28.06 0.40 1.45% 16,255,021 NYSE: No mentions found.

McDonald's MCD $63.89 1.46 2.34% 8,017,685 NYSE: NYT pB3 "Russia's Evolution, as Seen Trhough the golden Arches" by Andrew E. Kramer says McDonalds ceelbrated on Mon. the 20th annivesary of the opening of its first store in the Soviet Union. It has to build its own factory to make its hamburger buns because there were no vendors in the Soviet Union to sell them but now McDonald's is going to outsource them Now private businesses in Russia supply 80% of McDonald's ingredients.

Merck MRK $38.3 0.12 0.31% 9,104,813 NYSE: No mentions found.

Microsoft MSFT $28.41 0.23 0.82% 84,765,710 NASDAQ-GS: WSJ pB4 "google Plans Online Store For Software" by Jessica E. Vascellaro, Nick Wingfield says Google will launch an online store selling software enlisting software developers in its battle against Microsoft corp.

USA Today p4B "Stocks rebound on economic reports" by Bloomberg says US stocks rallied Mon, driving a rebound in the S&P 500 from a 3 month low, afer measures of manufacturing and income increased moe than estimated and ExxonMobil beat forecasts. While the S&P has surged 61% since march 9, it notched a third weekly loss in a row last week after Qualcomm, Motorola and Microsoft tempered enthusiasm about an earnings season in which 80% of index members reporting have topped expectations since 1/11.

Pfizer PFE $18.79 0.13 0.7% 37,977,851 NYSE: No mentions found.

Procter & Gamble PG $61.99 0.44 0.71% 12,783,010 NYSE: WSJ pC8 "P&G Rides High Grade Wave" by Kellie Geressy-Nilsen says Procter & Gamble's bond sale is the first in what is expected to be a wave of corporate issues that may extend the record pace of high grade debt offerings set in Jan. P&G sold $1.25 bil of 2.6 year notes, with a risk premium of 0.55% points over Treasurys. Prelim price projections suggested a spread of 0.57 points over the 2 year Treasury note. the narrower spread indicates good interest. P&G's 4.70% issue due '19 recently traded at 0.63% point over Treasurys. P&G is a frequent issuer of high grade debt, having sold 50 issues since '95. P&G last sold debt in Aug.

3M MMM $80.44 0.05 0.06% 3,603,556 NYSE: No mentions found.

Travelers TRV $50.69 0.02 0.04% 4,084,641 NYSE: No mentions found.

United Technologies UTX $67.55 0.07 0.1% 4,810,541 NYSE: WSJ pA6 "Over $700 Bil Sought for Defense" by August Cole says the Obama admin is seeking a record $708 bil in fiscal '11 for the Defense Sept. as the US military continues to wrestle with a mounting bill for operations in Iraq and Afghanistan. The Obama admin is tyring to kill off the Boeing C-17 transport plane program. Overall, the funding for military hardware is set to rise by 7.7% to $112.9 bil with a lot to be spent on battle ready weapons like helicopters from Boeing and United Technologies Corp.'s Sikorsky unit that see heavy use in current military operations.

Verizon VZ $29.61 0.19 0.65% 16,670,151 NYSE: WSJ pB3 "Leap Wireless Seeks Suitor" by Jeffrey McCracken, Niraj Sheth says cellular provider Leap Wirelss Int'l is trying to sell the firm or merge. It sells its service under the Cricket band and has 4.7 mil customers. MetroPCS is the most likely partner but the firm has been feeling out larger wireless carriers such as AT&T and Verizon Wireless. Leap provides prepaid service at the lower end of the market is being squeezed as major carriers like AT&T, Verizon and Sprint Nextel encroach on its prepaid turf and slash their contract rates.

WSJ pB4 "Carriers Try Software for Data Flood" by Niraj Sheth says facinga deluge of Web and video traffic that is pushing the limits of their networks, big wireless carriers are resorting to software shortcuts and other tricks to streamline data traffic until they install more cellular towers and roll out next generation networks. In the US, At&t ahs been at the forefront of the data explosion, because it offers the iPhone, which can surft the Web and run apps. In the last 3 years, its data traffic has grown 50 fold. verion Wirelss is a customer of FlashNetworks which sells video files formats that are more efficient in using bandwdith to download videos.

WalMart WMT $53.48 0.05 0.09% 10,904,970 NYSE: Inv. Bus. daily pB3 "WalMart's Allue Is Value, Not Growth" by Patrick Cain says by being so big, WalMart has cornered the market in low prices on the products it sells and on its stock. Its sahres are trading at about the same level they were a decade ago. that, plus its record dividend, has given investors an interest proposal. WalMart gives investors a 2% annual dividend yield. Its earning growth isn't huge, but its picking up. Its profit growth has jumped from 1% to 25 and most recently to 9%. It has a number of institutional investors including City Nat'l Banks. WalMart's P/E ratio is only 15.5 which is the biggest discount to the S&P 500 since '90. Its 2% dividend is also the highest ever relative to the S&P 500. Walmart is doing better internationally than domestically. Its int'l biz accounts for a quarter of net sales.
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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 2/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $318 [5]
2. Microsoft MSFT 252 [9]
3. WalMart WMT 203 [4]
4. Chevron CVX 180 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 173 [10.5]
8. IBM 164 [1.5]
9 JPMorgan Chase 156 [4]
10. Pfizer PFE 152 [8]
11. AT&T 150 [6]
12. BAC 134 [8.5]
13. Cisco CSCO 131 [6]
14. Coke KO 126 [2]
15. Hewlett-Packard HPQ 113 [2]
16. Intel INTC 108 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 84 [3]
19. Merck MRK 81 [2]
20. United Technologies UTX 63 [1]
21. 3M MMM 57 [.5]
22. Disney DIS 57 [2]
23. Home Depot 48 [2]
24. American Express AXP 45 [1]
25. Boeing BA 45 [1]
26. Kraft KFT 41 [1.5]
27. Caterpillar CAT 33 [.5]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 2/1/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 1/29/10 8K re: 29,500 employees represented by Communications Workers of America District 3 failed to ratify the tentative labor agreement announced on December 14, 2009.

1/28/10 8K re: 4Q earnings were $0.51 per diluted share compared with $0.41 per share for the 4Q '08. 4Q net income was $3.0 bil compared with $2.4 bil for 4Q '08. Reported earnings for the full year '09 were $2.12 per diluted share, down from $2.16 per share for the full year '0 &net income for '09 was $12.5 bil, down from $12.9 bil for '08.

Alcoa AA: 1/27/10 8K re: contributions to pension plan of stock.

1/25/10 8K re: quarterly dividend on Alcoa’s common stock and preferred stock and that a contribution was authorized of up to $600 million in Alcoa common stock to Alcoa’s defined benefit pension plans.

1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

American Express AXP: 1/25/10 8K re: increases to the annual base salaries Kenneth I. Chenault, Chairman & CEO from $1,250,000 $2,000,000; Edward P. Gilligan, Vice Chairman from $1,100,000 to $1,450,000; Stephen J. Squeri, Group President – Global Services & Chief Information Officer from $750,000 to $1,000,000; and Daniel T. Henry, Exec. VP & CFO from $700,000 to $850,000.

1/21/10 8K re: 4Q EPS of $0.59, up from $0.26 a year ago & other fin'l results.

1/15/10 8K re: owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months of Oct., Nov. and Dec. '09.

Bank of Am BAC: 1/20/10 8K re: '09 net income of $6.3 bil, compared with net income of $4.0 bil '08. Including preferred stock dividends & the negative impact from the repayment of the U.S. gov’s $45 billion preferred stock investment in the company under the Troubled Asset Relief Program, income applicable to common shareholders was a net loss of $2.2 billion, or $0.29 per diluted share.

1/15/10 8K re: Brian Moynihan, CEO's new senior management team: Steele Alphin, chief admin. officer; Cathy Bessant, Global Technology & Operations exec, David Darnell, pres. of Global Commercial Banking; Barbara Desoer, pres. of Home Loans & Insurance; Anne Finucane, global strategy & marketing officer; Sallie Krawcheck, pres. of Global Wealth & Investment Management; Tom Montag, pres. Global Banking & Markets; Ed O’Keefe, gen'. counsel; Joe Price, president of Consumer, Small Business & Card Banking; Neil Cotty interim CFO; Bruce Thompson chief risk officer; & Greg Curl will focus on key strategic partnerships critical to BAC’s global capabilities.

12/17/09 8K re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

Boeing BA: 1/27/10 8K re: 4Q '09 results: rev grew to $17.9 bil & operating margin grew to 9.4% with net income of $1.75 per share. Operating cash flow increased to $3.2 bil.

Caterpiller CAT: 1/27/10 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.

1/27/10 8K re: sales & rev of $32.39 bil for '09, a decrease of 37% from $51.32 biln in '08. Profit per share was $1.43, down 75%. 4Q sales & rev. were $7.9 bil, down 39% from 4Q '08. Profit per share for 4Q was $0.36, down 67% from 4Q '08.

Chevron CVX: 1/29/10 8K re: earnings for 4Q '09: net income was $3.1 bil, down 37% from $4.9 bil in 4Q '08.

12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/25/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 1/22/10 Proxy Statement for '10 Annual Meeting of shareholders, which will be held on Wednesday, 3/10/10 at 10 a.m. at the JW Marriott San Antonio Hill Country in San Antonio, Texas.

1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

DuPont DD: 1/26/10 8K re: 4Q EPS of $.48 compared to a 4Q '08 loss of $.70 per share. Sales of $6.4 bil were up 10% vs prior year, led by sales growth greater than 20% for titanium dioxide, electronic materials, performance polymers & seed products.

ExxonMobil XOM: 2/1/10 8K re: 4Q results: earnings were $6,050 mil, a decrease of 23% or $1,770 mil from 4Q '08. EPS were $1.27, a decrease of 18%. Capital & exploration expenditures were $8.3 bil, up 21% from the 4Q '08.

GE: 1/22/10 8K re: 4Q ’09 EPS of $0.28; FY ’09 EPS of $1.03; rev of $41.4 bil for Quarter; $157 bi for Year.

12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 1/27/10 Def. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, Cal.

1/27/10 8K re: Electronic Data Systems Corporation, which HP acquired in '08 is a defendant in litigation filed in the United Kingdom by Sky Subscribers Services Limited and British Sky Broadcasting Limited in '04 alleging deceit, negligent misrepresentation, negligent misstatement and breach of contract. On 1/26/10, the court issued a decision finding EDS UK liable to BSkyB for deceit in one area of the claim, for negligent misrepresentation and negligent misstatement in another area of the claim, and for breach of contract. The court also dismissed all of BSkyB’s other claims. The court will issue a final quantification of damages at a later date. HP plans to appeal.

Home Depot HD: 12/3/09 10Q

Intel INTC: 1/25/10 8K re: promotions of Renee J. James, Thomas M. Kilroy, Brian M. Krzanich & Stacy J. Smith to sr. vp.

1/15/10 8K re: 4Q earnings of revenue of $10.6B, up 13% sequentially; nearly twice the average seasonal sequential growth seen in 4Q; gross margin of 64.7% was a record, and up 7 points compared to 3Q; operating income of $2.5B was down 3% sequentially, and up 62% from a year ago. Net income of $2.3B was up 23% sequentially, and up 875% from a year ago.

12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 1/29/10 8K re: compensation for its top 5 execs.

1/19/10 8K re: Record diluted earnings per share of $10.01, up 13%; 7th consecutive year of double-digit EPS growth; record net income of $13.4 bil, up 9%; gross profit margin of 45.7%, 6th consecutive year of increase; record free cash flow of $15.1 bil, up $0.8 bil.

JPMorganChase JPM: 1/25/10 8K re: amendments to By-laws re: special meetings of stockholders.

1/19/10 8K re: 4Q results.

Kraft KFT: 2/1/10 8K re: further details about the dealing facilities that will be available to accepting Cadbury Securityholders who hold their Cadbury Shares or Cadbury ADSs in certificated form.

1/27/10 8K re: Kraft reduced the number of acceptances required to fulfil the Acceptance Condition of the recommended Final Offer for Cadbury from 90% to 50% plus one Cadbury Share.

1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

McDonalds MCD: 1/26/10 8K re: compensation to execs.

1/22/10 8K re: '09 results: global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% & Asia/Pacific, Middle East & Africa 3.4%; growth in McDonald’s combined operating margin to 30.1%; consolidated operating income increase of 6% (10% in constant currencies) over the prior year; earnings per share of $4.11, up 9% over the prior year; & return of $5.1 bil to shareholders through shares repurchased & dividends paid, bringing the 3-year total to
$16.6 bil under MCD’s $15 bil to $17 bil cash return to shareholders target for '07 through '09.

1/15/10 8K re: Donald Thompson elected Pres. & Chief Operating Officer. He's been with McDonald's for 19 years.

12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

Merck MRK: 11/18/09 8KA amending financial stmts re: the earlier announcement of the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 1/28/10 10Q.

1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.

12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/16/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/28/10 8K re: net sales growth of 6% for the October - December quarter to $21.0 bil. Organic sales grew 5%. Diluted net earnings per share were $1.49.

1/28/10 10Q

1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 1/28/10 8K re: 4Q earnings of $1.30 per share on sales of $6.1 bil, with operating income margins of 21.9%. Sales & per-share earnings increased 11.1% & 69% year-on-year, respectively. Profits grew at double-digit rates in each of the company’s six business segments and in all geographic regions. Free cash flow for 4Q grew by 16% to $770 million. 3M '09 sales of $23.1 bil & earnings per share of $4.52, down 8.5% & 7.6% respectively. Excluding special items, '09 earnings declined 9.3%to $4.69 per share.

Travelers TRV: 1/26/10 8K re: net income of $1.285 bil, or $2.36 per diluted share, for the quarter ended 12/31/09, compared to $801 mil, or $1.35 per diluted share, for the quarter ended 12/3108. Operating income in the current quarter was $1.155 bil, or $2.12 per diluted share, compared to $939 mil, or $1.58 per diluted share, in the prior year quarter.

United Technologies UTX: 1/27/10 8K re: 4Q '09 earnings per share of $1.15 & net income attributable to common shareowners of $1.1 bil, down 7% and 6%, respectively, over the year ago quarter. Consolidated revenues for the quarter of $14.1 billion were 5% below prior year.

Verizon Communications Inc. VZ: 1/26/10 8K re: Consolidated cash flow growth in 4Q '09: $31.6 bil in cash flow from operations in '09, up $4.0 bil, or 14.5 percent, from '08 & other financial results inlcuding a loss of 23 cents per share and adjusted earnings of 54 cents per share, compared with 4Q '08 EPS of 43 cents and 61 cents, respectively.

WalMartWMT: 1/28/10 8K re: business restructurings to leverage operating expenses consistent with its priorities of growth, leverage and returns. These include the closure of 10 Sam’s Clubs announced on 1/11/10, the elimination of Sam’s Club new business membership representatives, the new operations structure for Walmart U.S.; the integration of the Puerto Rican operations into Walmart U.S. and Sam’s Club.
The net impact from the charges for these business restructurings on 4Q earnings for fiscal year 2010 is estimated to be 0.04 per share. Walmart will announce fourth quarter earnings before the market opens on February 18, 2010.

12/8/09 10Q

2/2/10 Tues. am ExxonMobil Earnings Beat Expectations

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Post #273 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 2/1/10 and an update of the Dow 30component's most recent SEC filings as of 2/1/10.

A read of Tuesday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, Investor's Business Daily, USA Today, Atlanta Journal Constitution & (Ga.) Daily Report 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: The Dow Jones Industrial Average closed Monday at 10,185.53 up 118.2 or 1.17% from Friday's close of 10,067.33. For the year the Dow is down 2.33%. Of the 30 Dow Companies: 28 gained and 2 (Disney and 3M) declined. The biggest gainer dollar-wise was IBM $124.67 2.28 1.86% 7,143,319 NYSE and percentage-wise was Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE. The biggest decliner dollar-wise was 3M MMM $80.44 0.05 0.06% 3,603,556 and percentage-wise was Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE.

WSJ pC1 "Exxon Fuels Stock Gains; Dow Up 1.2%" by Peter A. Mckay says strong earnings & manufacturing data spurred stocks to their best gain since the first trading day of the year. The Dow Jones Industrial Average rose 1.2% boosted by a 2.7% gain in Exxon Mobil, which reported better than expected earnings. The gains represented the Dow's biggest rise in point and percentage terms since its 156 point rally on 1/4. But the Dow failed to keep up the momentum in Jan, ending the month down 3.5%, the worst showing since Feb. '09.

WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better thane expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

Fin Times p24 "Positive industrial data help prompt S&P 500 recovery" by Samantha Pearson says positive manufacturing data and encouraging results from ExxonMobil helped to lift Wall St. sharply higher Mon. ExxonMobil also added to Wall St's optimism as the nation's largest oil firm posted a 23% decline in 4Q profit, mainly because of difficulties at its refinery business.

Inv. Bus. Daily pA1 "Industrial Stocks lead As Market Jumps; Trade Falls" by Juan Carlos Arancibia says stocks recouped a bit of their recent losses Mon as the market cheered a manufacturing report. Monday's action was sharply higher but on lower volume. The current outlook is that the market is in a correction.

NYT pB8 "Shares Rise on a Flurry of Hopeful Economic Reports" by AP says shares rose on hopes that the economy was recovering. The stronger reports on manufacturing activity and person incomes helped shore up the market's mood afer three lossing weeks that left stocks with a loss for Jan. Manufacturing activity in the US grew in Jan. for a sixth consecutive month tot he strongest level since Aug. '04 according to the Institute for Supply management, a trade group. the comerce Dept. said consumer spending increased 0.2% in Dec, its 3rd straight monthly gain.

Fin Times p16 "CME in talks to buy Dow Jones index arm" by Hal Weitzman says the CME Group the world's biggest futures exchange is in alks to buy Dow Jone's index business from News Corp for as much as $700 mil. CME cold crate new instruments to trade off of Dow Jones indexes and would gain exclusive trading rights.

USA Today p4B "Stocks rebound on economic reports" by Bloomberg says US stocks rallied Mon, driving a rebound in the S&P 500 from a 3 month low, afer measures of manufacturing and income increased more than estimated and ExxonMobil beat forecasts. While the S&P has surged 61% since march 9, it notched a third weekly loss in a row last week after Qualcomm, Motorola and Microsoft tempered enthusiasm about an earnings season in which 80% of index members reporting have topped expectations since 1/11.

As of the open of the market Tuesday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 16.50 down from Monday morning's 16.30 (year ago it was 19.17) the P/E estimate is 12.99 unchanged from Monday's 12.99 (year ago it was 9.71) and the current dividend yield is 2.69 down from Monday's 2.72 (it was 3.94 a year ago).

Monday's Dow Jones Industrial Average closing numerator was 1,347.74 up 15.64 from Friday's closing Dow numerator of 1,332.1. 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 of 15.64 for Monday by the divisor you get the increase in Monday's Dow close of 118.2.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 44.92 up 0.52 from Friday's Dow Jones Industrial Average closing price of $44.40. The median closing price of Friday's Dow Jones Industrial Average was 38.42 down 0.12 from Friday's $38.54. The lowest volume again was 3M MMM $MMM $80.44 0.05 0.06% 3,603,556 NYSE and the highest volume again was Bank of Am BAC $BAC $15.42 0.24 1.58% 157,052,552 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 $1,560 ($134,760 - $133,200).

AT&T T $25.38 0.02 0.08% 36,270,735 NYSE: WSJ pB3 "Leap Wireless Seeks Suitor" by Jeffrey McCracken, Niraj Sheth says cellular provider Leap Wirelss Int'l is trying to sell the firm or merge. It sells its service under the Cricket band and has 4.7 mil customers. MetroPCS is the most likely partner but the firm has been feeling out larger wireless carriers such as AT&T and Verizon Wireless. Leap provides prepaid service at the lowe end of the market is being squeezed as major carriers like AT&T, Verizon and Sprint Nextel encroach on its prepaid turf and slash their contract rates.

WSJ pB4 "Carriers Try Software for Data Flood" by Niraj Sheth says facinga deluge of Web and video traffic that is pushing the limits of their networks, big wireless carriers are resorting to software shortcuts and other tricks to streamline data traffic until they install more cellular towers and roll out next generation networks. In the US, At&t ahs been at the forefront of the data explosion, because it offers the iPhone, which can surft the Web and run apps. In the last 3 years, its data traffic has grown 50 fold. Verizon Wireless is a customer of FlashNetworks which sells video files formats that are more efficient in using bandwdith to download videos.

Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE: WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better thane expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

American Express AXP $38.21 0.55 1.46% 9,205,561 NYSE: No mentions found.

Bank of America BAC $15.42 0.24 1.58% 157,052,552 NYSE: WSJ pB5 "Asset Based Lending Grows in Popularity" by Kyle Stocks says last resort type of financing gains ground as tradition sources of capital dry up. However, the asset based finance industry is still dominated by Wall Street's biggest firms and almost all of those banks pulled back during the crisis. From '07 to '08 half of asset based loan volume from the industry's top 25 firms disappeared. Bank of America is the industry leader with a third of the market while JPMorgan Chase was the No. 3 asset based lender in '09, is expanding its asset based lending unit through the western US.

Boeing BA $61.7 1.10 1.82% 5,830,336 NYSE: WSJ pA6 "Over $700 Bil Sought for Defense" by August Cole says the Obama admin is seeking a record $708 bil in fiscal '11 for the Defense Sept. as the US military continues to wrestle with a mounting bill for operations in Iraq and Afghanistan. The Obama admin is trying to kill off the Boeing c-17 transport plane program. Overall, the funding for military hardware is set to rise by 7.7% to $112.9 bil with a lot to be spent on battle ready weapons like helicopters from Boeing and United Technologies Corp.'s Sikorsky unit that see heavy use in current military operations.

Caterpillar CAT $52.94 0.70 1.34% 7,106,997 NYSE: No mentions found.

Chevron CVX $73.58 1.46 2.02% 11,757,631 NYSE: WSJ pB1 "Exxon Dives Deep Into High Risk Exploration" by Russell Gold says Exxon Mobil is searching for oil in most of the world's regions where high risk exploration is under way, even as other big oil firms are being more selective and cutting capital spending. So far Exxon has little to show from its exploration campaign and needs to make large discoveries soon to justify the increased spending. Chevron reduced upstream capital spending last year by 7.9% as are other oil firms.

Cisco CSCO $22.73 0.26 1.16% 53,712,040 NASDAQ-GS: No mentions found.

Coca-Cola KO $54.38 0.13 0.24% 7,182,219 NYSE: No mentions found.

Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE: WSJ pC1 "Investors to Get Reading on Ad Rev" by Shira Ovide says the economic downturn has led firms to cut advertising on TV, radio, newspapers and magazines. Investors will get a read this week on advertising activity as News Corp., owner of The Wall St. Jrnl will psot fiscal 2Q earnings on Tues, Time Warner on Wed and the rest of the Big Five, Disney, Viacom and CBS will report earnings later this month.

duPont DD $33.66 1.05 3.22% 6,943,981 NYSE: WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better than expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

ExxonMobil XOM $66.18 1.75 2.72% 37,233,333 NYSE: WSJ pC1 "Exxon Fuels Stock Gains; Dow Up 1.2%" by Peter A. Mckay says strong earnings & manufacturing data spurred stocks to their best gain since the first trading day of the year. The Dow Jones Industrial Average rose 1.2% boosted by a 2.7% gain in Exxon Mobil, which reported better than expected earnings. The gains represented the Dow's biggest rise in point and percentage terms since its 156 point rally on 1/4. But the Dow failed to keep up the momentum in Jan, ending the month down 3.5%, the worst showing since Feb. '09.

WSJ pC5 "Exxon, DuPont Rise: Alcoa Advances 5%" by Donna Kardos Yesalavich says stocks rose broadly as better than expected quarterly earnings from Exxon Mobil & a rebound in crude oil prices lifted the energy sector, while materials stocks, included Alcoa and DuPont, were boosted by a rise in metals futures. Alcoa and DuPont were the Dow's best performers on Mon., with Exxon Mobil not far behind. Alcoa rose 5% & DuPont rose 3.2%. Exxon Mobil climbed 2.7% as its 4Q earnings fell 23% as lower margins on refinancing and fuels and lower natural gas prices were partly offset by higher crude prices. But Exxon's earnings beat Wall St. expectations as oil and gas output had an unforeseen jump. The stock was also boosted by a rise in crude oil prices. Exxon Mobil is charted saying its 4Q earnings, while down from year earlier data was higher as oil prices squeezed profit margins. Still the earnings were above analysts' estimates.

WSJ pB1 "Exxon Dives Deep Into High Risk Exploration" by Russell Gold, Fin Times p17 "Exxon hit by lower refining margins" by Sheila McNulty, NYT pB3 "In '09, Exxon Grew as the Oil Industry Contract" by Jad Mouawad, USA Today p1B & AJC pA8 say Exxon Mobil is searching for oil in most of the world's regions where high risk exploration is under way, even as other big oil firms are being more selective and cutting capital spending. So far Exxon has little to show from its exploration campaign and needs to make large discoveries soon to justify the increased spending. Chevron reduced upstream capital spending last year by 7.9% as are other oil firms. Exxon posted 4Q profit of $6.05 bil, down 23% from a year earlier while rev rose 6.1% to $89.84 bil. Exxon raised its full year dividend by 7% to $1.66 pe share. Exxon spent a record $27.1 bil on its exploration and development programs last year continuing its long standing strategy of investing during market declines. Exxon's earnings for the year were $3.98 a share, compared with $8.66 a share in '08.

Fin Times p24 "Positive industrial data help prompt S&P 500 recovery" by Samantha Pearson says positive manufacturing data and encouraging results from ExxonMobil helped to lift Wall St. sharply higher Mon. ExxonMobil also added to Wall St's optimism as the nation's largest oil firm posted a 23% decline in 4Q profit, mainly because of difficulties at its refinery business.

GE $16.25 0.17 1.06% 56,302,373 NYSE: No mentions found.

Home Depot HD $28.39 0.38 1.36% 16,941,249 NYSE: No mentions found.

Hewlett-Packard HPQ $47.83 0.76 1.61% 15,463,189 NYSE: No mentions found.

Intel INTC $19.61 0.21 1.08% 49,573,731 NASDAQ-GS: No mentions found.

IBM $124.67 2.28 1.86% 7,143,319 NYSE: No mentions found.

J.P.Morgan Chase JPM $39.63 0.69 1.77% 36,643,601 NYSE: WSJ pC1 "Banks Gear Up for a Battle" by Kate Kelly says defining what proprietary trading is the key to how Pres. Obama's proposed curbs on proprietary trading on banks with insured deposits will affect big banks. JPMorgan's Chief Risk Officer will testify Thurs. before the Senate Banking Committee. At JPM and Bank of America proprietary trading is about 1% or less of total rev.

WSJ pB5 "Asset Based Lending Grows in Popularity" by Kyle Stocks says last resort type of financing gains ground as tradition sources of capital dry up. However, the asset based finance industry is still dominated by Wall Street's biggest firms and almost all of those banks pulled back during the crisis. From '07 to '08 half of asset based loan volume from the industry's top 25 firms disappeared. Bank of America is the industry leader with a third of the market while JPMorgan Chase was the No. 3 asset based lender in '09, is expanding its asset based lending unit through the western US.

Johnson & Johnson JNJ $63.09 0.23 0.37% 9,927,003 NYSE: WSJ pB3 "Boston Scientific to Pay $1.73 Bil to Settle Stent Suits" by Jon Kamp, Inv. Bus. Daily pA2, NYT pB3 "$1.7 Bil Settlement in Dispute Over Stents" by Barry Meier say Boston Scientific Corp. will pay Johnson & Johnson $1.73 bil to end more disputes in long running legal battles over patents for heart stent. It paid $1 bil on J& J on Mon after paying $716 mil in Sept. to settle 14 other patent infringement suits. J&J's stent making Corids unit is involved in other litigation with Boston Scientific.

Kraft KFT $28.06 0.40 1.45% 16,255,021 NYSE: No mentions found.

McDonald's MCD $63.89 1.46 2.34% 8,017,685 NYSE: NYT pB3 "Russia's Evolution, as Seen Trhough the golden Arches" by Andrew E. Kramer says McDonalds ceelbrated on Mon. the 20th annivesary of the opening of its first store in the Soviet Union. It has to build its own factory to make its hamburger buns because there were no vendors in the Soviet Union to sell them but now McDonald's is going to outsource them Now private businesses in Russia supply 80% of McDonald's ingredients.

Merck MRK $38.3 0.12 0.31% 9,104,813 NYSE: No mentions found.

Microsoft MSFT $28.41 0.23 0.82% 84,765,710 NASDAQ-GS: WSJ pB4 "google Plans Online Store For Software" by Jessica E. Vascellaro, Nick Wingfield says Google will launch an online store selling software enlisting software developers in its battle against Microsoft corp.

USA Today p4B "Stocks rebound on economic reports" by Bloomberg says US stocks rallied Mon, driving a rebound in the S&P 500 from a 3 month low, afer measures of manufacturing and income increased moe than estimated and ExxonMobil beat forecasts. While the S&P has surged 61% since march 9, it notched a third weekly loss in a row last week after Qualcomm, Motorola and Microsoft tempered enthusiasm about an earnings season in which 80% of index members reporting have topped expectations since 1/11.

Pfizer PFE $18.79 0.13 0.7% 37,977,851 NYSE: No mentions found.

Procter & Gamble PG $61.99 0.44 0.71% 12,783,010 NYSE: WSJ pC8 "P&G Rides High Grade Wave" by Kellie Geressy-Nilsen says Procter & Gamble's bond sale is the first in what is expected to be a wave of corporate issues that may extend the record pace of high grade debt offerings set in Jan. P&G sold $1.25 bil of 2.6 year notes, with a risk premium of 0.55% points over Treasurys. Prelim price projections suggested a spread of 0.57 points over the 2 year Treasury note. the narrower spread indicates good interest. P&G's 4.70% issue due '19 recently traded at 0.63% point over Treasurys. P&G is a frequent issuer of high grade debt, having sold 50 issues since '95. P&G last sold debt in Aug.

3M MMM $80.44 0.05 0.06% 3,603,556 NYSE: No mentions found.

Travelers TRV $50.69 0.02 0.04% 4,084,641 NYSE: No mentions found.

United Technologies UTX $67.55 0.07 0.1% 4,810,541 NYSE: WSJ pA6 "Over $700 Bil Sought for Defense" by August Cole says the Obama admin is seeking a record $708 bil in fiscal '11 for the Defense Sept. as the US military continues to wrestle with a mounting bill for operations in Iraq and Afghanistan. The Obama admin is tyring to kill off the Boeing C-17 transport plane program. Overall, the funding for military hardware is set to rise by 7.7% to $112.9 bil with a lot to be spent on battle ready weapons like helicopters from Boeing and United Technologies Corp.'s Sikorsky unit that see heavy use in current military operations.

Verizon VZ $29.61 0.19 0.65% 16,670,151 NYSE: WSJ pB3 "Leap Wireless Seeks Suitor" by Jeffrey McCracken, Niraj Sheth says cellular provider Leap Wirelss Int'l is trying to sell the firm or merge. It sells its service under the Cricket band and has 4.7 mil customers. MetroPCS is the most likely partner but the firm has been feeling out larger wireless carriers such as AT&T and Verizon Wireless. Leap provides prepaid service at the lower end of the market is being squeezed as major carriers like AT&T, Verizon and Sprint Nextel encroach on its prepaid turf and slash their contract rates.

WSJ pB4 "Carriers Try Software for Data Flood" by Niraj Sheth says facinga deluge of Web and video traffic that is pushing the limits of their networks, big wireless carriers are resorting to software shortcuts and other tricks to streamline data traffic until they install more cellular towers and roll out next generation networks. In the US, At&t ahs been at the forefront of the data explosion, because it offers the iPhone, which can surft the Web and run apps. In the last 3 years, its data traffic has grown 50 fold. verion Wirelss is a customer of FlashNetworks which sells video files formats that are more efficient in using bandwdith to download videos.

WalMart WMT $53.48 0.05 0.09% 10,904,970 NYSE: Inv. Bus. daily pB3 "WalMart's Allue Is Value, Not Growth" by Patrick Cain says by being so big, WalMart has cornered the market in low prices on the products it sells and on its stock. Its sahres are trading at about the same level they were a decade ago. that, plus its record dividend, has given investors an interest proposal. WalMart gives investors a 2% annual dividend yield. Its earning growth isn't huge, but its picking up. Its profit growth has jumped from 1% to 25 and most recently to 9%. It has a number of institutional investors including City Nat'l Banks. WalMart's P/E ratio is only 15.5 which is the biggest discount to the S&P 500 since '90. Its 2% dividend is also the highest ever relative to the S&P 500. Walmart is doing better internationally than domestically. Its int'l biz accounts for a quarter of net sales.
*************************************

Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 2/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $318 [5]
2. Microsoft MSFT 252 [9]
3. WalMart WMT 203 [4]
4. Chevron CVX 180 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 173 [10.5]
8. IBM 164 [1.5]
9 JPMorgan Chase 156 [4]
10. Pfizer PFE 152 [8]
11. AT&T 150 [6]
12. BAC 134 [8.5]
13. Cisco CSCO 131 [6]
14. Coke KO 126 [2]
15. Hewlett-Packard HPQ 113 [2]
16. Intel INTC 108 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 84 [3]
19. Merck MRK 81 [2]
20. United Technologies UTX 63 [1]
21. 3M MMM 57 [.5]
22. Disney DIS 57 [2]
23. Home Depot 48 [2]
24. American Express AXP 45 [1]
25. Boeing BA 45 [1]
26. Kraft KFT 41 [1.5]
27. Caterpillar CAT 33 [.5]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 2/1/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 1/29/10 8K re: 29,500 employees represented by Communications Workers of America District 3 failed to ratify the tentative labor agreement announced on December 14, 2009.

1/28/10 8K re: 4Q earnings were $0.51 per diluted share compared with $0.41 per share for the 4Q '08. 4Q net income was $3.0 bil compared with $2.4 bil for 4Q '08. Reported earnings for the full year '09 were $2.12 per diluted share, down from $2.16 per share for the full year '0 &net income for '09 was $12.5 bil, down from $12.9 bil for '08.

Alcoa AA: 1/27/10 8K re: contributions to pension plan of stock.

1/25/10 8K re: quarterly dividend on Alcoa’s common stock and preferred stock and that a contribution was authorized of up to $600 million in Alcoa common stock to Alcoa’s defined benefit pension plans.

1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

American Express AXP: 1/25/10 8K re: increases to the annual base salaries Kenneth I. Chenault, Chairman & CEO from $1,250,000 $2,000,000; Edward P. Gilligan, Vice Chairman from $1,100,000 to $1,450,000; Stephen J. Squeri, Group President – Global Services & Chief Information Officer from $750,000 to $1,000,000; and Daniel T. Henry, Exec. VP & CFO from $700,000 to $850,000.

1/21/10 8K re: 4Q EPS of $0.59, up from $0.26 a year ago & other fin'l results.

1/15/10 8K re: owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months of Oct., Nov. and Dec. '09.

Bank of Am BAC: 1/20/10 8K re: '09 net income of $6.3 bil, compared with net income of $4.0 bil '08. Including preferred stock dividends & the negative impact from the repayment of the U.S. gov’s $45 billion preferred stock investment in the company under the Troubled Asset Relief Program, income applicable to common shareholders was a net loss of $2.2 billion, or $0.29 per diluted share.

1/15/10 8K re: Brian Moynihan, CEO's new senior management team: Steele Alphin, chief admin. officer; Cathy Bessant, Global Technology & Operations exec, David Darnell, pres. of Global Commercial Banking; Barbara Desoer, pres. of Home Loans & Insurance; Anne Finucane, global strategy & marketing officer; Sallie Krawcheck, pres. of Global Wealth & Investment Management; Tom Montag, pres. Global Banking & Markets; Ed O’Keefe, gen'. counsel; Joe Price, president of Consumer, Small Business & Card Banking; Neil Cotty interim CFO; Bruce Thompson chief risk officer; & Greg Curl will focus on key strategic partnerships critical to BAC’s global capabilities.

12/17/09 8K re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

Boeing BA: 1/27/10 8K re: 4Q '09 results: rev grew to $17.9 bil & operating margin grew to 9.4% with net income of $1.75 per share. Operating cash flow increased to $3.2 bil.

Caterpiller CAT: 1/27/10 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.

1/27/10 8K re: sales & rev of $32.39 bil for '09, a decrease of 37% from $51.32 biln in '08. Profit per share was $1.43, down 75%. 4Q sales & rev. were $7.9 bil, down 39% from 4Q '08. Profit per share for 4Q was $0.36, down 67% from 4Q '08.

Chevron CVX: 1/29/10 8K re: earnings for 4Q '09: net income was $3.1 bil, down 37% from $4.9 bil in 4Q '08.

12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/25/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 1/22/10 Proxy Statement for '10 Annual Meeting of shareholders, which will be held on Wednesday, 3/10/10 at 10 a.m. at the JW Marriott San Antonio Hill Country in San Antonio, Texas.

1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

DuPont DD: 1/26/10 8K re: 4Q EPS of $.48 compared to a 4Q '08 loss of $.70 per share. Sales of $6.4 bil were up 10% vs prior year, led by sales growth greater than 20% for titanium dioxide, electronic materials, performance polymers & seed products.

ExxonMobil XOM: 2/1/10 8K re: 4Q results: earnings were $6,050 mil, a decrease of 23% or $1,770 mil from 4Q '08. EPS were $1.27, a decrease of 18%. Capital & exploration expenditures were $8.3 bil, up 21% from the 4Q '08.

GE: 1/22/10 8K re: 4Q ’09 EPS of $0.28; FY ’09 EPS of $1.03; rev of $41.4 bil for Quarter; $157 bi for Year.

12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 1/27/10 Def. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, Cal.

1/27/10 8K re: Electronic Data Systems Corporation, which HP acquired in '08 is a defendant in litigation filed in the United Kingdom by Sky Subscribers Services Limited and British Sky Broadcasting Limited in '04 alleging deceit, negligent misrepresentation, negligent misstatement and breach of contract. On 1/26/10, the court issued a decision finding EDS UK liable to BSkyB for deceit in one area of the claim, for negligent misrepresentation and negligent misstatement in another area of the claim, and for breach of contract. The court also dismissed all of BSkyB’s other claims. The court will issue a final quantification of damages at a later date. HP plans to appeal.

Home Depot HD: 12/3/09 10Q

Intel INTC: 1/25/10 8K re: promotions of Renee J. James, Thomas M. Kilroy, Brian M. Krzanich & Stacy J. Smith to sr. vp.

1/15/10 8K re: 4Q earnings of revenue of $10.6B, up 13% sequentially; nearly twice the average seasonal sequential growth seen in 4Q; gross margin of 64.7% was a record, and up 7 points compared to 3Q; operating income of $2.5B was down 3% sequentially, and up 62% from a year ago. Net income of $2.3B was up 23% sequentially, and up 875% from a year ago.

12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 1/29/10 8K re: compensation for its top 5 execs.

1/19/10 8K re: Record diluted earnings per share of $10.01, up 13%; 7th consecutive year of double-digit EPS growth; record net income of $13.4 bil, up 9%; gross profit margin of 45.7%, 6th consecutive year of increase; record free cash flow of $15.1 bil, up $0.8 bil.

JPMorganChase JPM: 1/25/10 8K re: amendments to By-laws re: special meetings of stockholders.

1/19/10 8K re: 4Q results.

Kraft KFT: 2/1/10 8K re: further details about the dealing facilities that will be available to accepting Cadbury Securityholders who hold their Cadbury Shares or Cadbury ADSs in certificated form.

1/27/10 8K re: Kraft reduced the number of acceptances required to fulfil the Acceptance Condition of the recommended Final Offer for Cadbury from 90% to 50% plus one Cadbury Share.

1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

McDonalds MCD: 1/26/10 8K re: compensation to execs.

1/22/10 8K re: '09 results: global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% & Asia/Pacific, Middle East & Africa 3.4%; growth in McDonald’s combined operating margin to 30.1%; consolidated operating income increase of 6% (10% in constant currencies) over the prior year; earnings per share of $4.11, up 9% over the prior year; & return of $5.1 bil to shareholders through shares repurchased & dividends paid, bringing the 3-year total to
$16.6 bil under MCD’s $15 bil to $17 bil cash return to shareholders target for '07 through '09.

1/15/10 8K re: Donald Thompson elected Pres. & Chief Operating Officer. He's been with McDonald's for 19 years.

12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

Merck MRK: 11/18/09 8KA amending financial stmts re: the earlier announcement of the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 1/28/10 10Q.

1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.

12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/16/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/28/10 8K re: net sales growth of 6% for the October - December quarter to $21.0 bil. Organic sales grew 5%. Diluted net earnings per share were $1.49.

1/28/10 10Q

1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 1/28/10 8K re: 4Q earnings of $1.30 per share on sales of $6.1 bil, with operating income margins of 21.9%. Sales & per-share earnings increased 11.1% & 69% year-on-year, respectively. Profits grew at double-digit rates in each of the company’s six business segments and in all geographic regions. Free cash flow for 4Q grew by 16% to $770 million. 3M '09 sales of $23.1 bil & earnings per share of $4.52, down 8.5% & 7.6% respectively. Excluding special items, '09 earnings declined 9.3%to $4.69 per share.

Travelers TRV: 1/26/10 8K re: net income of $1.285 bil, or $2.36 per diluted share, for the quarter ended 12/31/09, compared to $801 mil, or $1.35 per diluted share, for the quarter ended 12/3108. Operating income in the current quarter was $1.155 bil, or $2.12 per diluted share, compared to $939 mil, or $1.58 per diluted share, in the prior year quarter.

United Technologies UTX: 1/27/10 8K re: 4Q '09 earnings per share of $1.15 & net income attributable to common shareowners of $1.1 bil, down 7% and 6%, respectively, over the year ago quarter. Consolidated revenues for the quarter of $14.1 billion were 5% below prior year.

Verizon Communications Inc. VZ: 1/26/10 8K re: Consolidated cash flow growth in 4Q '09: $31.6 bil in cash flow from operations in '09, up $4.0 bil, or 14.5 percent, from '08 & other financial results inlcuding a loss of 23 cents per share and adjusted earnings of 54 cents per share, compared with 4Q '08 EPS of 43 cents and 61 cents, respectively.

WalMartWMT: 1/28/10 8K re: business restructurings to leverage operating expenses consistent with its priorities of growth, leverage and returns. These include the closure of 10 Sam’s Clubs announced on 1/11/10, the elimination of Sam’s Club new business membership representatives, the new operations structure for Walmart U.S.; the integration of the Puerto Rican operations into Walmart U.S. and Sam’s Club.
The net impact from the charges for these business restructurings on 4Q earnings for fiscal year 2010 is estimated to be 0.04 per share. Walmart will announce fourth quarter earnings before the market opens on February 18, 2010.

12/8/09 10Q

2/1/10 Mon. pm. Dow Closes 10,185.53 up 118.2 or 1.17%

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

Post #272 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 2/1/10 and an update of the Dow 30component's most recent SEC filings as of 2/1/10.

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

The Dow Jones Industrial Average closed Monday at 10,185.53 up 118.2 or 1.17% from Friday's close of 10,067.33. Of the 30 Dow Companies: 28 gained and 2 (Disney and 3M) declined. The biggest gainer dollar-wise was IBM $124.67 2.28 1.86% 7,143,319 NYSE and percentage-wise was Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE. The biggest decliner dollar-wise was 3M MMM $80.44 0.05 0.06% 3,603,556 and percentage-wise was Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE.

As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 16.30 unchanged from Friday morning's 16.30 (year ago it was 19.33) the P/E estimate is 12.99 down from Friday's 13.30 (year ago it was 9.71) and the current dividend yield is 2.72 up from Friday's 2.71 (it was 3.91 a year ago).

Monday's Dow Jones Industrial Average closing numerator was 1,347.74 up 15.64 from Friday's closing Dow numerator of 1,332.1. 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 of 15.64 for Monday by the divisor you get the increase in Monday's Dow close of 118.2.

The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was 44.92 up 0.52 from Friday's Dow Jones Industrial Average closing price of $44.40. The median closing price of Friday's Dow Jones Industrial Average was 38.42 down 0.12 from Friday's $38.54. The lowest volume again was 3M MMM $MMM $80.44 0.05 0.06% 3,603,556 NYSE and the highest volume again was Bank of Am BAC $BAC $15.42 0.24 1.58% 157,052,552 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 $1,560 ($134,760 - $133,200).

Monday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market

At&T T $25.38 0.02 0.08% 36,270,735 NYSE
Alcoa AA $13.36 0.63 4.95% 39,315,344 NYSE
American Express AXP $38.21 0.55 1.46% 9,205,561 NYSE
Bank of America BAC $15.42 0.24 1.58% 157,052,552 NYSE
Boeing BA $61.7 1.10 1.82% 5,830,336 NYSE
Caterpillar CAT $52.94 0.70 1.34% 7,106,997 NYSE
Chevron CVX $73.58 1.46 2.02% 11,757,631 NYSE
Cisco CSCO $22.73 0.26 1.16% 53,712,040 NASDAQ-GS
Coca-Cola KO $54.38 0.13 0.24% 7,182,219 NYSE
Disney DIS $29.52 0.03 0.1% 10,752,259 NYSE
duPont DD $33.66 1.05 3.22% 6,943,981 NYSE
ExxonMobil XOM $66.18 1.75 2.72% 37,233,333 NYSE
GE $16.25 0.17 1.06% 56,302,373 NYSE
Home Depot HD $28.39 0.38 1.36% 16,941,249 NYSE
Hewlett-Packard HPQ $47.83 0.76 1.61% 15,463,189 NYSE
Intel INTC $19.61 0.21 1.08% 49,573,731 NASDAQ-GS
IBM $124.67 2.28 1.86% 7,143,319 NYSE
J.P.Morgan Chase JPM $39.63 0.69 1.77% 36,643,601 NYSE
Johnson & Johnson JNJ $63.09 0.23 0.37% 9,927,003 NYSE
Kraft KFT $28.06 0.40 1.45% 16,255,021 NYSE
McDonald's MCD $63.89 1.46 2.34% 8,017,685 NYSE
Merck MRK $38.3 0.12 0.31% 9,104,813 NYSE
Microsoft MSFT $28.41 0.23 0.82% 84,765,710 NASDAQ-GS
Pfizer PFE $18.79 0.13 0.7% 37,977,851 NYSE
Procter & Gamble PG $61.99 0.44 0.71% 12,783,010 NYSE
3M MMM $80.44 0.05 0.06% 3,603,556 NYSE
Travelers TRV $50.69 0.02 0.04% 4,084,641 NYSE
United Technologies UTX $67.55 0.07 0.1% 4,810,541 NYSE
Verizon VZ $29.61 0.19 0.65% 16,670,151 NYSE
WalMart WMT $53.48 0.05 0.09% 10,904,970 NYSE

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Below are excerpts from Monday's Blog:

A read of Monday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, USA Today & Miami Herald 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 as of 2:17 pm (late Blog today).

Dow: As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 16.30 unchanged from Friday morning's 16.30 (year ago it was 19.33) the P/E estimate is 12.99 down from Friday's 13.30 (year ago it was 9.71) and the current dividend yield is 2.72 up from Friday's 2.71 (it was 3.91 a year ago).

USA Today p1B "is a market correction looming" by Adam Shell says ever since stocks hit a recovery high on 1/19, mounting evidence points to a possible corrections as follows: Price action is poor as the Dow Jones ha suffered triple digit losses in 4 of the past 8 sessions; seelling greets good nes, e.g. Fri's report of the biggest GDP gain in 6 years send the Dow down 53 points to 10,067, fear is on the rise and Jan. drop is bearish. when stocks do bad in Jan, this often signals the trend for the rest of the year.

WSJ pC1j "Bull Looks Long in the Tooth" by E.S. Browning says after 64% runup, no one expects the market to maintain its breakneck pace although few analysts beliee the bull market has ended. Investors lately have been using temporary stok gains as an opportunity to cash in profits, a change from their behavior of the pasat 10 months.

AT&T T $25.4183 0.0583 0.23% 18,441,440 NYSE: NYT pB5 "AT&T Gears Up Fora Heavy Load" by Jenna Wortham says in the next three months, AT&T plans to increae the amount of 3G radio capacity by more than one third in Manhattan because of the surge in use due to the iPad which will be out in March. In 4 years carriers will generate mroe than half of the rev from data, up from less than 30% today.

Alcoa AA $13.19 0.46 3.61% 23,210,999 NYSE: No mentions found.

American Express AXP $38.1 0.44 1.17% 6,267,150 NYSE: No mentions found.

Bank of America BAC $15.34 0.16 1.05% 104,546,137 NYSE: WSJ pB1 "Something New for BofA: Washington's ear" by Dan Fitzpatrick, Damian Paletta says one month into his new job. Bank of America CEO Brian Moynihan is sepnding as much time in DC as in the bank's hyeadquarters of Charlotte, NC. Since 1/1 he has met with Ben Bernanke, Fed chair, Sheila Bair, FDCIC Chair, John C. Dugan, Chief of the Office of the Ckomptroller of the Currency, treasury Sec'y tim Geithner, and his sec'y Neal Wolin, Phil Angelides, the Fin'l Criisis Inquiry Comm. Chair, and Pres. Obama adviser Valerie Jarrett.

Boeing BA $61.68 1.08 1.78% 2,957,156 NYSE: No mentions found.

Caterpillar CAT $53.05 0.81 1.55% 4,817,462 NYSE: No mentions found.

Chevron CVX $73.46 1.34 1.86% 7,786,402 NYSE: No mentions found.

Cisco CSCO $22.63 0.16 0.71% 38,525,464 NASDAQ-GS: NYT pB2 "Looking Ahead" & Fin Times p22 say today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Coca-Cola KO $54.31 0.06 0.11% 4,447,542 NYSE: No mentions found.

Disney DIS $29.49 0.06 0.2% 7,162,018 NYSE: NYT pB3 "disney Is Said to Be Seeking a Buyer for its Beleaguered Miramax Unit" by Brooks Barnes says Dis has been quietly shopping what remains of its Miramax film unit and has attracted about 10 intereted bidder. It is seeking a $700 mil price for the name and its 700 film library that includes "Pulp Fiction" and "Shakespeare in Love." disney is overhaulting its movie oeprations, which lost money in the lasat 2 quarters. It put in a new chairman in Oct and has fired over a dozen managers. In addition to Pixar and its own brand, disney now has Marvel and a distribution deal with Speilberg's DreamWorks.

DuPont DD $33.4 0.79 2.42% 3,533,721 NYSE: No mentions found.

ExxonMobil XOM $66.32 1.89 2.93% 24,182,602 NYSE: NYT pB2 "Looking Ahead" says today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Fin Times p17 "Exxon in spotlight over XTO" by Sheila McNulty says ExxonMobil, the US's biggest oil firm, releases its results today, with analysts hoping for updates in 2 areas, its aquistion of XTO energy and moves to enter Ghana's deepwater Jubilee field. In Dec., exxon signalled a shift in strategy with a deal to pay $31 bil in stock for XTO energy, which will give it a big position in the booming domestic natural gas scene.

GE $16.29 0.21 1.31% 36,317,963 NYSE: No mentions found.

Home Depot HD $28.27 0.26 0.93% 8,382,729 NYSE: No mentions found.

Hewlett-Packard HPQ $47.69 0.62 1.32% 10,639,100 NYSE: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

Intel INTC $19.595 0.195 1.01% 31,951,722 NASDAQ-GS: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

WSJ pB4 "Intel challenges FTC comissioner's Role" by Thomas Catan, Don Clark who says J. Thomas Rosch is a member of the FTC, and is now a proponent of robust antitrust enforcement. Intel wants him disqualified because he was formerly Intel's lead outside antitrust counsel. Intel, which supplies 4/5 of the world's chips that serve as electornic brains in computers, ahs amanged to avoid the kind of harsh reulatory scrutiny that dogged Microsoft bu since '04, Intel has faced antitrust acitons from agencies in Japan, S. Korea, europe, NY state and the FTC.

IBM $124.71 2.32 1.9% 4,202,798 NYSE: WSJ pB5 "Infineon Posts Profit, Raises its Outlook" by Archibald Presuschat which says this firm had a Euro 81 mil charge related to the deconsolidtion of Altis, the firm's jv with IBM in France.

JPMorgan Chase JPM $39.58 0.64 1.64% 23,673,362 NYSE: "Insurers Aim to Build Longevity Swaps" by Mark cobley, Dominic Elliott says 8 investment banks and insurers have formed a gorup to devleop an organized market to help them spread the financial risks and costs of an aging society. The Life and Longevity Markets Association aims to take instruments known swaps into the mainstream. The group includes JPMorgan Chase.

Johnson & JohnsonJNJ $63.06 0.20 0.32% 5,829,124 NYSE: No mentions found.

Kraft KFT $27.99 0.33 1.19% 10,337,990 NYSE: No mentions found.

McDonald's MCD $63.86 1.43 2.29% 4,627,205 NYSE: WSJ pB1 "As Sales Drop, Burger King Draws Critics for Courting Super Fans" by Julie Jargon says thanks to high unnemployment and healthier eating habits. Buger King's key groups, its "super fans" 18 to 34 who account for half of all visits to BK restuarants, ahven't been so super lately. Burger King has felt the impact more acutely than McDonald's, its main rival, whose sales are growing.

WSJ pB8 "McDonald's Bets LeBron Won't Become a Tiger" by Lee Hawkins, Suzanne Vanica
McDonald's joins Coca-Cola and Nike in hiring Lebron James as a spokesman.

Merck MRK $38.43 0.25 0.65% 5,808,572 NYSE: No mentions found.

Microsoft MSFT $28.42 0.24 0.85% 64,240,122 NASDAQ-GS: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

WSJ pB4 "Intel challenges FTC comissioner's Role" by Thomas Catan, Don Clark who says J. Thomas Rosch is a member of the FTC, and is now a proponent of robust antitrust enforcement. Intel wants him disqualified because he was formerly Intel's lead outside antitrust counsel. Intel, which supplies 4/5 of the world's chips that serve as electornic brains in computers, ahs amanged to avoid the kind of harsh reulatory scrutiny that dogged Microsoft bu since '04, Intel has faced antitrust acitons from agencies in Japan, S. Korea, europe, NY state and the FTC.

Pfizer PFE $18.8185 0.1585 0.85% 23,780,372 NYSE: NYT pB2 "Looking Ahead" says today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Procter & Gamble PG $62.15 0.60 0.97% 8,375,456 NYSE: No mentions found.

3M MMM $80.25 0.24 0.3% 2,011,123 NYSE: No mentions found.

Traveler's TRV $50.53 0.14 0.28% 2,010,935 NYSE: No mentions found.

United Technologies UTX $67.51 0.03 0.04% 2,688,970 NYSE: No mentions found.

Verizon VZ $29.54 0.12 0.41% 7,743,609 NYSE: No mentions found.

WalMart WMT $53.48 0.05 0.09% 6,982,158 NYSE: Miami Hereald quotes Jay Leno as saying that Walmart announced it's cutting over 11,000 jobs. Walmart said it's cheaper to fire people in bulk.

*************************************

Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 2/1/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $318 [5]
2. Microsoft MSFT 252 [9]
3. WalMart WMT 203 [4]
4. Chevron CVX 180 [2.5]
5. Procter & Gamble PG 180 [3]
6. Johnson & Johnson JNJ 174 [3]
7. GE 173 [10.5]
8. IBM 164 [1.5]
9 JPMorgan Chase 156 [4]
10. Pfizer PFE 152 [8]
11. AT&T 150 [6]
12. BAC 134 [8.5]
13. Cisco CSCO 131 [6]
14. Coke KO 126 [2]
15. Hewlett-Packard HPQ 113 [2]
16. Intel INTC 108 [5.5]
17. McDonald's MCD 106 [1.5]
18. Verizon VZ 84 [3]
19. Merck MRK 81 [2]
20. United Technologies UTX 63 [1]
21. 3M MMM 57 [.5]
22. Disney DIS 57 [2]
23. Home Depot 48 [2]
24. American Express AXP 45 [1]
25. Boeing BA 45 [1]
26. Kraft KFT 41 [1.5]
27. Caterpillar CAT 33 [.5]
28. DuPont DD 30 [1]
29. Travelers 28 [.5]
30. Alcoa AA 13 [1]

Here are the latest SEC filings as of 2/1/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 1/29/10 8K re: 29,500 employees represented by Communications Workers of America District 3 failed to ratify the tentative labor agreement announced on December 14, 2009.

1/28/10 8K re: 4Q earnings were $0.51 per diluted share compared with $0.41 per share for the 4Q '08. 4Q net income was $3.0 bil compared with $2.4 bil for 4Q '08. Reported earnings for the full year '09 were $2.12 per diluted share, down from $2.16 per share for the full year '0 &net income for '09 was $12.5 bil, down from $12.9 bil for '08.

Alcoa AA: 1/27/10 8K re: contributions to pension plan of stock.

1/25/10 8K re: quarterly dividend on Alcoa’s common stock and preferred stock and that a contribution was authorized of up to $600 million in Alcoa common stock to Alcoa’s defined benefit pension plans.

1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

American Express AXP: 1/25/10 8K re: increases to the annual base salaries Kenneth I. Chenault, Chairman & CEO from $1,250,000 $2,000,000; Edward P. Gilligan, Vice Chairman from $1,100,000 to $1,450,000; Stephen J. Squeri, Group President – Global Services & Chief Information Officer from $750,000 to $1,000,000; and Daniel T. Henry, Exec. VP & CFO from $700,000 to $850,000.

1/21/10 8K re: 4Q EPS of $0.59, up from $0.26 a year ago & other fin'l results.

1/15/10 8K re: owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months of Oct., Nov. and Dec. '09.

Bank of Am BAC: 1/20/10 8K re: '09 net income of $6.3 bil, compared with net income of $4.0 bil '08. Including preferred stock dividends & the negative impact from the repayment of the U.S. gov’s $45 billion preferred stock investment in the company under the Troubled Asset Relief Program, income applicable to common shareholders was a net loss of $2.2 billion, or $0.29 per diluted share.

1/15/10 8K re: Brian Moynihan, CEO's new senior management team: Steele Alphin, chief admin. officer; Cathy Bessant, Global Technology & Operations exec, David Darnell, pres. of Global Commercial Banking; Barbara Desoer, pres. of Home Loans & Insurance; Anne Finucane, global strategy & marketing officer; Sallie Krawcheck, pres. of Global Wealth & Investment Management; Tom Montag, pres. Global Banking & Markets; Ed O’Keefe, gen'. counsel; Joe Price, president of Consumer, Small Business & Card Banking; Neil Cotty interim CFO; Bruce Thompson chief risk officer; & Greg Curl will focus on key strategic partnerships critical to BAC’s global capabilities.

12/17/09 8K re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

Boeing BA: 1/27/10 8K re: 4Q '09 results: rev grew to $17.9 bil & operating margin grew to 9.4% with net income of $1.75 per share. Operating cash flow increased to $3.2 bil.

Caterpiller CAT: 1/27/10 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.
12/15/09 8K re: amendments to Bylaws.

1/27/10 8K re: sales & rev of $32.39 bil for '09, a decrease of 37% from $51.32 biln in '08. Profit per share was $1.43, down 75%. 4Q sales & rev. were $7.9 bil, down 39% from 4Q '08. Profit per share for 4Q was $0.36, down 67% from 4Q '08.

Chevron CVX: 1/29/10 8K re: earnings for 4Q '09: net income was $3.1 bil, down 37% from $4.9 bil in 4Q '08.

12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/25/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 1/22/10 Proxy Statement for '10 Annual Meeting of shareholders, which will be held on Wednesday, 3/10/10 at 10 a.m. at the JW Marriott San Antonio Hill Country in San Antonio, Texas.

1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

DuPont DD: 1/26/10 8K re: 4Q EPS of $.48 compared to a 4Q '08 loss of $.70 per share. Sales of $6.4 bil were up 10% vs prior year, led by sales growth greater than 20% for titanium dioxide, electronic materials, performance polymers & seed products.

ExxonMobil XOM: 2/1/10 8K re: 4Q results: earnings were $6,050 mil, a decrease of 23% or $1,770 mil from 4Q '08. EPS were $1.27, a decrease of 18%. Capital & exploration expenditures were $8.3 bil, up 21% from the 4Q '08.

GE: 1/22/10 8K re: 4Q ’09 EPS of $0.28; FY ’09 EPS of $1.03; rev of $41.4 bil for Quarter; $157 bi for Year.

12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 1/27/10 Def. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, Cal.

1/27/10 8K re: Electronic Data Systems Corporation, which HP acquired in '08 is a defendant in litigation filed in the United Kingdom by Sky Subscribers Services Limited and British Sky Broadcasting Limited in '04 alleging deceit, negligent misrepresentation, negligent misstatement and breach of contract. On 1/26/10, the court issued a decision finding EDS UK liable to BSkyB for deceit in one area of the claim, for negligent misrepresentation and negligent misstatement in another area of the claim, and for breach of contract. The court also dismissed all of BSkyB’s other claims. The court will issue a final quantification of damages at a later date. HP plans to appeal.

Home Depot HD: 12/3/09 10Q

Intel INTC: 1/25/10 8K re: promotions of Renee J. James, Thomas M. Kilroy, Brian M. Krzanich & Stacy J. Smith to sr. vp.

1/15/10 8K re: 4Q earnings of revenue of $10.6B, up 13% sequentially; nearly twice the average seasonal sequential growth seen in 4Q; gross margin of 64.7% was a record, and up 7 points compared to 3Q; operating income of $2.5B was down 3% sequentially, and up 62% from a year ago. Net income of $2.3B was up 23% sequentially, and up 875% from a year ago.

12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 1/29/10 8K re: compensation for its top 5 execs.

1/19/10 8K re: Record diluted earnings per share of $10.01, up 13%; 7th consecutive year of double-digit EPS growth; record net income of $13.4 bil, up 9%; gross profit margin of 45.7%, 6th consecutive year of increase; record free cash flow of $15.1 bil, up $0.8 bil.

JPMorganChase JPM: 1/25/10 8K re: amendments to By-laws re: special meetings of stockholders.

1/19/10 8K re: 4Q results.

Kraft KFT: 2/1/10 8K re: further details about the dealing facilities that will be available to accepting Cadbury Securityholders who hold their Cadbury Shares or Cadbury ADSs in certificated form.

1/27/10 8K re: Kraft reduced the number of acceptances required to fulfil the Acceptance Condition of the recommended Final Offer for Cadbury from 90% to 50% plus one Cadbury Share.

1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

McDonalds MCD: 1/26/10 8K re: compensation to execs.

1/22/10 8K re: '09 results: global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% & Asia/Pacific, Middle East & Africa 3.4%; growth in McDonald’s combined operating margin to 30.1%; consolidated operating income increase of 6% (10% in constant currencies) over the prior year; earnings per share of $4.11, up 9% over the prior year; & return of $5.1 bil to shareholders through shares repurchased & dividends paid, bringing the 3-year total to
$16.6 bil under MCD’s $15 bil to $17 bil cash return to shareholders target for '07 through '09.

1/15/10 8K re: Donald Thompson elected Pres. & Chief Operating Officer. He's been with McDonald's for 19 years.

12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

Merck MRK: 11/18/09 8KA amending financial stmts re: the earlier announcement of the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 1/28/10 10Q.

1/28/10 8K re: record revenue of $19.02 bil for 2Q ended 12/31/09, a 14% increase from the same period of the prior year. Operating income, net income & diluted earnings per share for the quarter were $8.51 bil, $6.66 bil & $0.74 per share, which represented increases of 43%, 60% and 57%, respectively, when compared with the prior year period.

12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/16/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/28/10 8K re: net sales growth of 6% for the October - December quarter to $21.0 bil. Organic sales grew 5%. Diluted net earnings per share were $1.49.

1/28/10 10Q

1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 1/28/10 8K re: 4Q earnings of $1.30 per share on sales of $6.1 bil, with operating income margins of 21.9%. Sales & per-share earnings increased 11.1% & 69% year-on-year, respectively. Profits grew at double-digit rates in each of the company’s six business segments and in all geographic regions. Free cash flow for 4Q grew by 16% to $770 million. 3M '09 sales of $23.1 bil & earnings per share of $4.52, down 8.5% & 7.6% respectively. Excluding special items, '09 earnings declined 9.3%to $4.69 per share.

Travelers TRV: 1/26/10 8K re: net income of $1.285 bil, or $2.36 per diluted share, for the quarter ended 12/31/09, compared to $801 mil, or $1.35 per diluted share, for the quarter ended 12/3108. Operating income in the current quarter was $1.155 bil, or $2.12 per diluted share, compared to $939 mil, or $1.58 per diluted share, in the prior year quarter.

United Technologies UTX: 1/27/10 8K re: 4Q '09 earnings per share of $1.15 & net income attributable to common shareowners of $1.1 bil, down 7% and 6%, respectively, over the year ago quarter. Consolidated revenues for the quarter of $14.1 billion were 5% below prior year.

Verizon Communications Inc. VZ: 1/26/10 8K re: Consolidated cash flow growth in 4Q '09: $31.6 bil in cash flow from operations in '09, up $4.0 bil, or 14.5 percent, from '08 & other financial results inlcuding a loss of 23 cents per share and adjusted earnings of 54 cents per share, compared with 4Q '08 EPS of 43 cents and 61 cents, respectively.

WalMartWMT: 1/28/10 8K re: business restructurings to leverage operating expenses consistent with its priorities of growth, leverage and returns. These include the closure of 10 Sam’s Clubs announced on 1/11/10, the elimination of Sam’s Club new business membership representatives, the new operations structure for Walmart U.S.; the integration of the Puerto Rican operations into Walmart U.S. and Sam’s Club.
The net impact from the charges for these business restructurings on 4Q earnings for fiscal year 2010 is estimated to be 0.04 per share. Walmart will announce fourth quarter earnings before the market opens on February 18, 2010.

12/8/09 10Q

2/1/10 Mon. am Disney Selling Miramax

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Post #271 The following is brought to you by Intellivest Securities Research, Inc. Towards the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of 1/13/10 and an update of the Dow 30component's most recent SEC filings as of 1/13/10.

A read of Monday's print editions of: The Wall Street Journal, The Financial Times, The New York Times, USA Today & Miami Herald 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 as of 2:17 pm (late Blog today).

Dow: As of the open of the market Monday, the current divisor for the Dow Jones Industrial Average found at page C4 of today's Wall St. Jrnl is .132319125 unchanged, the trailing P/E ratio is 16.30 unchanged from Friday morning's 16.30 (year ago it was 19.33) the P/E estimate is 12.99 down from Friday's 13.30 (year ago it was 9.71) and the current dividend yield is 2.72 up from Friday's 2.71 (it was 3.91 a year ago).

USA Today p1B "is a market correction looming" by Adam Shell says ever since stocks hit a recovery high on 1/19, mounting evidence points to a possible corrections as follows: Price action is poor as the Dow Jones ha suffered triple digit losses in 4 of the past 8 sessions; seelling greets good nes, e.g. Fri's report of the biggest GDP gain in 6 years send the Dow down 53 points to 10,067, fear is on the rise and Jan. drop is bearish. when stocks do bad in Jan, this often signals the trend for the rest of the year.

WSJ pC1j "Bull Looks Long in the Tooth" by E.S. Browning says after 64% runup, no one expects the market to maintain its breakneck pace although few analysts beliee the bull market has ended. Investors lately have been using temporary stok gains as an opportunity to cash in profits, a change from their behavior of the pasat 10 months.

AT&T T $25.4183 0.0583 0.23% 18,441,440 NYSE: NYT pB5 "AT&T Gears Up Fora Heavy Load" by Jenna Wortham says in the next three months, AT&T plans to increae the amount of 3G radio capacity by more than one third in Manhattan because of the surge in use due to the iPad which will be out in March. In 4 years carriers will generate mroe than half of the rev from data, up from less than 30% today.

Alcoa AA $13.19 0.46 3.61% 23,210,999 NYSE: No mentions found.

American Express AXP $38.1 0.44 1.17% 6,267,150 NYSE: No mentions found.

Bank of America BAC $15.34 0.16 1.05% 104,546,137 NYSE: WSJ pB1 "Something New for BofA: Washington's ear" by Dan Fitzpatrick, Damian Paletta says one month into his new job. Bank of America CEO Brian Moynihan is sepnding as much time in DC as in the bank's hyeadquarters of Charlotte, NC. Since 1/1 he has met with Ben Bernanke, Fed chair, Sheila Bair, FDCIC Chair, John C. Dugan, Chief of the Office of the Ckomptroller of the Currency, treasury Sec'y tim Geithner, and his sec'y Neal Wolin, Phil Angelides, the Fin'l Criisis Inquiry Comm. Chair, and Pres. Obama adviser Valerie Jarrett.

Boeing BA $61.68 1.08 1.78% 2,957,156 NYSE: No mentions found.

Caterpillar CAT $53.05 0.81 1.55% 4,817,462 NYSE: No mentions found.

Chevron CVX $73.46 1.34 1.86% 7,786,402 NYSE: No mentions found.

Cisco CSCO $22.63 0.16 0.71% 38,525,464 NASDAQ-GS: NYT pB2 "Looking Ahead" & Fin Times p22 say today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Coca-Cola KO $54.31 0.06 0.11% 4,447,542 NYSE: No mentions found.

Disney DIS $29.49 0.06 0.2% 7,162,018 NYSE: NYT pB3 "disney Is Said to Be Seeking a Buyer for its Beleaguered Miramax Unit" by Brooks Barnes says Dis has been quietly shopping what remains of its Miramax film unit and has attracted about 10 intereted bidder. It is seeking a $700 mil price for the name and its 700 film library that includes "Pulp Fiction" and "Shakespeare in Love." disney is overhaulting its movie oeprations, which lost money in the lasat 2 quarters. It put in a new chairman in Oct and has fired over a dozen managers. In addition to Pixar and its own brand, disney now has Marvel and a distribution deal with Speilberg's DreamWorks.

DuPont DD $33.4 0.79 2.42% 3,533,721 NYSE: No mentions found.

ExxonMobil XOM $66.32 1.89 2.93% 24,182,602 NYSE: NYT pB2 "Looking Ahead" says today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Fin Times p17 "Exxon in spotlight over XTO" by Sheila McNulty says ExxonMobil, the US's biggest oil firm, releases its results today, with analysts hoping for updates in 2 areas, its aquistion of XTO energy and moves to enter Ghana's deepwater Jubilee field. In Dec., exxon signalled a shift in strategy with a deal to pay $31 bil in stock for XTO energy, which will give it a big position in the booming domestic natural gas scene.

GE $16.29 0.21 1.31% 36,317,963 NYSE: No mentions found.

Home Depot HD $28.27 0.26 0.93% 8,382,729 NYSE: No mentions found.

Hewlett-Packard HPQ $47.69 0.62 1.32% 10,639,100 NYSE: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

Intel INTC $19.595 0.195 1.01% 31,951,722 NASDAQ-GS: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

WSJ pB4 "Intel challenges FTC comissioner's Role" by Thomas Catan, Don Clark who says J. Thomas Rosch is a member of the FTC, and is now a proponent of robust antitrust enforcement. Intel wants him disqualified because he was formerly Intel's lead outside antitrust counsel. Intel, which supplies 4/5 of the world's chips that serve as electornic brains in computers, ahs amanged to avoid the kind of harsh reulatory scrutiny that dogged Microsoft bu since '04, Intel has faced antitrust acitons from agencies in Japan, S. Korea, europe, NY state and the FTC.

IBM $124.71 2.32 1.9% 4,202,798 NYSE: WSJ pB5 "Infineon Posts Profit, Raises its Outlook" by Archibald Presuschat which says this firm had a Euro 81 mil charge related to the deconsolidtion of Altis, the firm's jv with IBM in France.

JPMorgan Chase JPM $39.58 0.64 1.64% 23,673,362 NYSE: "Insurers Aim to Build Longevity Swaps" by Mark cobley, Dominic Elliott says 8 investment banks and insurers have formed a gorup to devleop an organized market to help them spread the financial risks and costs of an aging society. The Life and Longevity Markets Association aims to take instruments known swaps into the mainstream. The group includes JPMorgan Chase.

Johnson & JohnsonJNJ $63.06 0.20 0.32% 5,829,124 NYSE: No mentions found.

Kraft KFT $27.99 0.33 1.19% 10,337,990 NYSE: No mentions found.

McDonald's MCD $63.86 1.43 2.29% 4,627,205 NYSE: WSJ pB1 "As Sales Drop, Burger King Draws Critics for Courting Super Fans" by Julie Jargon says thanks to high unnemployment and healthier eating habits. Buger King's key groups, its "super fans" 18 to 34 who account for half of all visits to BK restuarants, ahven't been so super lately. Burger King has felt the impact more acutely than McDonald's, its main rival, whose sales are growing.

WSJ pB8 "McDonald's Bets LeBron Won't Become a Tiger" by Lee Hawkins, Suzanne Vanica
McDonald's joins Coca-Cola and Nike in hiring Lebron James as a spokesman.

Merck MRK $38.43 0.25 0.65% 5,808,572 NYSE: No mentions found.

Microsoft MSFT $28.42 0.24 0.85% 64,240,122 NASDAQ-GS: WSJ pB1 "Windows 7 Fails to Boost Profits of PC Makers" by ustin Scheck says Microsoft's new Windows 7 op systems has fattened MSFT's earnings and boosted PC sales at retailers like best Buy but it hasn't increased the profits of PC giants Hewlett-Packard, Dell and others. Intel which supplies chips to PC makers, last month reported a 28% jump in rev and a tenfold increase in profit from a year earlier thanks to strong chip sales.

WSJ pB4 "Intel challenges FTC comissioner's Role" by Thomas Catan, Don Clark who says J. Thomas Rosch is a member of the FTC, and is now a proponent of robust antitrust enforcement. Intel wants him disqualified because he was formerly Intel's lead outside antitrust counsel. Intel, which supplies 4/5 of the world's chips that serve as electornic brains in computers, ahs amanged to avoid the kind of harsh reulatory scrutiny that dogged Microsoft bu since '04, Intel has faced antitrust acitons from agencies in Japan, S. Korea, europe, NY state and the FTC.

Pfizer PFE $18.8185 0.1585 0.85% 23,780,372 NYSE: NYT pB2 "Looking Ahead" says today Exxon Mobil reports ernings and on Wed so does Cisco and Pfizer.

Procter & Gamble PG $62.15 0.60 0.97% 8,375,456 NYSE: No mentions found.

3M MMM $80.25 0.24 0.3% 2,011,123 NYSE: No mentions found.

Traveler's TRV $50.53 0.14 0.28% 2,010,935 NYSE: No mentions found.

United Technologies UTX $67.51 0.03 0.04% 2,688,970 NYSE: No mentions found.

Verizon VZ $29.54 0.12 0.41% 7,743,609 NYSE: No mentions found.

WalMart WMT $53.48 0.05 0.09% 6,982,158 NYSE: Miami Hereald quotes Jay Leno as saying that Walmart announced it's cutting over 11,000 jobs. Walmart said it's cheaper to fire people in bulk.

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Here are the current CEOs of the Dow 30 Companies:

AT&T T Randall L. Stephenson
Alcoa AA Klaus Kleinfeld
American Express AXP Kenneth I. Chenault
Bank of America BAC Brian T. Moynihan
Boeing BA W. James McNerney, Jr.
Caterpillar CAT Douglas Oberhelman
Chevron CVX John Watson
Cisco CSCO John Chambers
Coca Cola KO Muhtar Kent
Disney DIS Robert Iger
DuPont DD Ellen Kullman
ExxonMobil XOM Rex W. Tillerson
GE Jeffrey R. Immelt
Hewlett-Packard HPQ Mark Hurd
Home Depot HD Frank Blake
Intel INTC Paul S. Otellini
IBM Samuel J. Palmisano
JPMorgan Chase JPM Jamie Dimon
Johnson & Johnson JNJ William C. Weldon
Kraft KFT Irene Rosenfeld
McDonald's MCD Jim Skinner
Merck MRK Robert Clark
Microsoft MSFT Steve Ballmer
Pfizer PFE Jeffrey Kindler
Procter & Gamble PG Bob McDonald
3M MMM George W. Buckley
Travelers TRV Jay S. Fishman
United Technologies UTX Louis Chenevert
Verizon VZ Ivan Seidenberg
Wal-Mart WMT Mike Duke

Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest billion as of 1/13/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:

1. Exxon Mobil XOM $335 [5]
2. Microsoft MSFT 267 [9]
3. WalMart WMT 208 [4]
4. Chevron CVX 195 [2.5]
5. Johnson & Johnson JNJ 179 [3]
6. Procter & Gamble PG 179 [3]
7. GE 177 [10.5]
8. IBM 171 [1.5]
9 JPMorgan Chase 169 [4]
10. AT&T 158 [6]
11. Pfizer PFE 153 [8]
12. Cisco CSCO 140 [6]
13. BAC 140 [8.5]
14. Coke KO 133 [2]
15. Hewlett-Packard HPQ 123 [2]
16. Intel INTC 113 [5.5]
17. McDonald's MCD 104 [1.5]
18. Verizon VZ 90 [3]
19. Merck MRK 82 [2]
20. United Technologies UTX 68 [1]
21. 3M MMM 59 [.5]
22. Disney DIS 58 [1]
23. American Express AXP 50 [1]
24. Home Depot 48 [2]
25. Boeing BA 45 [1]
26. Kraft KFT 44 [1.5]
27. Caterpillar CAT 39 [.5]
28. DuPont DD 31 [1]
29. Travelers 27 [.5]
30. Alcoa AA 16 [1.5]

Here are the latest SEC filings as of 1/13/10 other than ownership filings, registration of shares for employee benefit plans, free writing prospectuses and, except for certain cases, I do not include third party shareholder proposals:

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

T AT&T: 12/18/09 8K re: amendment Bylaws to provide that the Chairman of the Board shall call a special meeting of the stockholders whenever requested in writing to do so by stockholders representing 15% (rather than 25%) of the outstanding shares of AT&T.

12/14/09 8K re: agreement with the Communications Workers of America on new, three-year contracts covering approximately 30,000 employees in CWA District 3 (AT&T's Southeast region).

Alcoa AA: 1/12/10 8K re: Alcoa finished its 4Q '08 free cash flow positive, the first such quarterly achievement since 2Q '08. In 4Q '09, Alcoa generated free cash flow of $761 million, a $947 million improvement from 3Q '09 driven by strong cash from operations performance of $1.1 billion, a $940 million increase from the third quarter of 2009.

12/24/09 8K re: a joint venture with Saudi Arabian Mining Company (Ma’aden) for the development of an integrated bauxite mine, alumina refinery, aluminum smelter, and rolling mill in the Kingdom of Saudi Arabia.

American Express AXP: 12/15/09 8K re: delinquency and write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended September 30, October 31 and November 30, 2009.

Bank of Am BAC: 12/17/09 8K re: election of Brian T. Moynihan to succeed Kenneth D. Lewis as the new President and Chief Executive Officer effective January 1, 2010 and his appointment to the Board and Executive Committee of the Board. Moynihan, 50, joined FleetBoston Financial Corporation in April 1993. He was promoted to lead Corporate Strategy and Development and then went on to lead Global Wealth and Investment Management at FleetBoston. Following the Corporation’s 2004 merger with FleetBoston, he served as president of Global Wealth and Investment Management from April 2004 to October 2007. From October 2007 to December 2008, Mr. Moynihan served as president of Global Corporate and Investment Banking. From December 2008 to January 2009, Mr. Moynihan served as the Corporation’s General Counsel. From January 2009 to August 2009, Mr. Moynihan served as president of Global Corporate and Investment Banking and Global Wealth Management. Since August 2009, he has served as president of Consumer and Small Business Banking.

12/9/09 8K re: amending its Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of the Series S Preferred Stock.

12/3/09 Form 8K re: BAC's repaying the entire $45 billion investment borrowed under the Troubled Asset Relief Program.

12/3/09 8K re: BAC being named as a defendant in two related lawsuits filed in the U.S. District Court for the Southern District of New York.

Boeing BA: 11/20/09 8K re: Boeing issued $700,000,000 of 1.875% Senior Notes due 2012 and $500,000,000 of 3.750% Senior Notes due 2016.

Caterpiller CAT: 12/18/09 8K re: supplemental information concerning deliveries to users for its Machinery and Engines lines of business.

12/15/09 8K re: amendments to Bylaws.

Chevron CVX: 1/11/10 8K re: earnings for 4Q '09 are expected to be lower than 3Q '09. Upstream earnings are projected to be in line with third quarter results as the benefit of higher commodity prices is offset by the absence of gains recognized in 3Q from approval of the Gorgon project in Australia. Downstream results are expected to be sharply lower, mainly due to significantly weaker refining margins.

12/11/09 8K re: a new base salary of $1,500,000 for J.S. Watson (a $500,000 increase) to be effective January 1, 2010 when Mr. Watson assumes the position of Chairman & CEO and other exec compensation changes.

Cisco CSCO: 11/2/09 8K re: Mark Chandler, Senior Vice President, Legal Services, General Counsel & Secretary of Cisco Systems adopting a pre-arranged stock trading plan.

Coke KO: 10/29/09 10QA

Disney DIS: 1/12/10 8K re: new form of agreement for the award of stock units and stock options awarded to executive officers.

1/4/10 8K re: new employment agreement with James A. Rasulo and amendment of employment agreement with Thomas O. Staggs. Rasulo will serve as Sr. EVP & CFO with an annual salary of $1,400,000.

12/2/09 10K

DuPont DD: 11/5/09 Prospectus relating to $1,000,000,000 3.250% Notes due 1/15 & $1,000,000,000 4.625% Notes due January 15, 2020

ExxonMobil XOM: 12/14/09 8K re: Merger Agreement to buy XTO Energy.

12/1/09 8K re: fixing a total ceiling of $139 million in respect of 2009 under XOM's Short Term Incentive Program, of which bonuses were granted to certain officers as follows

GE: 12/3/09 8K re: GE, NBC Universal, Inc. and Comcast Corporation entering into a Master Agreement pursuant to which they will form a joint venture. The joint venture will consist of the businesses of NBCU, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments, collectively valued at $30 billion, and Comcast’s cable networks including E!, Versus and the Golf Channel, ten regional sports networks and certain digital media properties, collectively valued at $7.25 billion. NBCU will borrow $9.1 billion from third party lenders, and the proceeds of this debt financing will be distributed to GE. Comcast will make a payment of approximately $6.5 billion in cash to GE. GE also entered into a Stock Purchase Agreement with Vivendi SA pursuant to which,GE will acquire Vivendi’s 20% interest in NBCU for $5.8 billion. GE expects to realize approximately $9.8 billion pre-tax in cash after the buyout of Vivendi’s 20% interest. The new venture initially will be 51% owned by Comcast and 49% owned by GE.

Hewlett-Packard HPQ: 1/12/10 Prelim. Proxy Statement re: annual stockholders meeting on 3/1710 at 2 pm at Computer History Museum, 1401 N. Shoreline Boulevard, Mountain View, California.

12/17/09 10K

Home Depot HD: 12/3/09 10Q

Intel INTC: 8K 1/12/10 8K re: release of 4Q earnings report on Thursday, 1/14 A public webcast of Intel’s earnings conference call will follow at 2:30 p.m. PST at www.intc.com.

12/17/09 8K re: a press release commenting on the suit filed against Intel by the Federal Trade Commission alleging anticompetitive practices.

IBM: 11/5/09 8K announcing its Form S-3, effective August 3, 2007, relating to $2,000,000,000 of debt securities.

JPMorganChase JPM: 12/22/09 8K re: the closing of a public offering of $1,500,000,000 aggregate liquidation amount of an affiliated trust.

12/16/09 8K re: the U.S. Treasury selling in a secondary public offering, 88,401,697 warrants, each representing the right to purchase one share of the common stock, of JPM at an exercise price of $10.75 per warrant.

Kraft KFT: 1/12/10 8K re: increase of guidance for '09 diluted earnings per share to at least $2.00 versus the previous expectation of at least $1.97.1 reflecting strong operating gains & a significant increase in marketing investments versus the prior year.

12/22/09 8K re: amendment of By-Laws to expand the Board to twelve members and appointment of Mackey J. McDonald & Jean-Francois M. L. van Boxmeer as directors, effective January 1, 2010. Mr. McDonald will serve on the Audit Committee, and Mr. van Boxmeer will serve on the Public Affairs Committee.

12/15/09 8K re: a press release relating to the formal response issued by Cadbury plc regarding the offer by Kraft Foods to acquire all of the shares of Cadbury plc.

McDonalds MCD: 12/23/09 8K re: am agreement re: the retirement of Ralph Alvarez, President and Chief Operating Officer.

12/9/09 8K re: an Investor Release reporting MCD's November and year-to-date 2009 sales.

12/4/09 8K re: resignation of Ralph Alvarez as President & COO effective December 31, 2009 & Director and MCD reduced its size by one for a total of 13 Directors.

Merck MRK: 11/184/09 8KA amending financial stmts re: the earlier announcement of the consummation on November 3, 2009 of the merger of Merck & Co., Inc. &, Schering-Plough Corporation.

Microsoft MSFT: 12/4/09 8K re: the resignation of Christopher P. Liddell, the former chief financial officer and his settlement agreement.

Pfizer PFE: 12/6/09 8K re: amendment of bylaws & change in fiscal year.

Procter & Gamble PG: 1/12/10 8K re: quarterly dividend of $0.44 per share on the Common Stock & on the Series A & Series B ESOP Conv. Class A Pref. Stock, payable 2/16/10 with record date of 1/22/10, which is its consistent dividend since incorporation in 1890. 4 bil times a day, P&G brands are sold globally, products include Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3, Bounty, Dawn, Gain, Pringles, Charmin, Downy, Lenor, Iams, Crest, Oral-B, Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun Fusion. P&G has 135,000 employees in 80 countries.

1/8/10 8K re:changes to its segment reporting structure & agreement to sell its global pharmaceuticals business to Warner Chilcott plc.

12/11/09 8K re: the purchase of Sara Lee's Ambi Pur brand by PG.

12/8/09 8K re: Angela F. Braly being appointed to the Board of Directors, effective December 8, 2009.

12/8/09 8K re: the retirement of Alan G. Lafley, Chairman of the Board and former President & CEO, will retire from his position as Chairman of the Board effective January 1, 2010 & Robert A. McDonald (56), currently President & CEO being elected to Chairman of the Board effective January 1, 2010.

3M MMM: 12/8/09 8K re: 2010 sales and earnings outlook.

Travelers TRV: 12/11/09 8K re: the election of Donald J. Shepard as a director. He is the former chairman of the executive board and chief executive officer of AEGON N.V.

United Technologies UTX: 12/18/10 8K re: incorp by reference of prior filings.

11/17/09 8K re: its purchase of the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Verizon Communications Inc. VZ: 1/8/10 8K re: estimates that '09 adjusted EPS will be approximately 13 to 15 cents lower than '08 adjusted EPS of $2.54 and that revenues in '09 will be higher than '08. Verizon Wireless will begin providing 4G Long-Term Evolution service in 25 to 30 markets covering 100 million points of presence)by the end of '10 &within 24 months following its start of LTE service, Verizon Wireless expects to provide LTE service to 80 to 90% of the US.

12/23/09 8K re: grant of stock options to executives.

12/7/09 8K re:amendments to bylaws.

WalMartWMT: 12/8/09 10Q