Below is a list of Dow Jones Industrial Average components that are actually down the least on an ugly day.  There has been news on most of these or if not there was on Friday.  Right after the open all 30 DJIA components are lower and we are down almost 400 points.  These may change quite a bit as the day goes on, but here are the ones down the least so far:

• DuPont (NYSE: DD) -1.3% at $42.15 after posting earnings that were above plan.
• General Electric (NYSE: GE) down -1.6% at $33.75 after Friday’s earnings and guidance in-line.
• Home Depot (NYSE: HD) only -0.6% at $26.10 after a positive note from Bernstein upgrading on valuation.
• Johnson & Johnson (NYSE: JNJ) down -1.7% at $65.14 after posting in-line earnings.
• Wal-Mart (NYSE: WMT) -1.2% at $47.03, maybe it really is a defensive name now.

Jon C. Ogg
January 22, 2008