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The Daily Dow LEXINGTON, Ky. (Apr. 2): Today's gain for the Dow was largely the result of a strong move in IBM on brokerage comments that the stock is undervalued. Taking out IBM's $7 move, the Dow was up only slightly. Yet our Foolish Four anchor stock, Chevron, picked up a little steam after sitting out of yesterday's rally. (Keep in mind the Foolish Four we track in this recap is dated from January 2, 1996. If you were buying today, you should buy the current list of stocks, which is posted on the front page of the Dow Dividend Approach Area.)
Chevron reported today that its Caltex affiliate has completed the $2 billion sale of its 50% interest in Nippon Petroleum Refining. Chevron's dividend from Caltex equaled $550 million and Chevron will recognize a gain from the sale of about $325 million toward net income in the second quarter.
The other Foolish Four winner today was DuPont. DuPont's 50/50 joint venture with Dow Chemical <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DOW)") else Response.Write("(NYSE:DOW)") end if %>, DuPont Dow Elastomers officially opened for business today. The new venture incorporates Insite technology from Dow and DuPont's established leadership in elastomers, and is expected to have 1996 revenues of more than $1 billion.
One of today's Foolish Four laggards, 3M announced that its Industrial Tape and Specialties Division has formed an alliance with ITW Deltar to provide fastening products to the automotive industry. Deltar will be the contact, developer and supplier for 3M's Dual Lock fastener applications to Original Equipment Manufacturers.
Stay Foolish out there!
Transmitted: 4/2/96
Dow Stocks <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:ALD)") else Response.Write("(NYSE:ALD)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:AA)") else Response.Write("(NYSE:AA)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:AXP)") else Response.Write("(NYSE:AXP)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BS)") else Response.Write("(NYSE:BS)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BA)") else Response.Write("(NYSE:BA)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CAT)") else Response.Write("(NYSE:CAT)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DIS)") else Response.Write("(NYSE:DIS)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GE)") else Response.Write("(NYSE:GE)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GT)") else Response.Write("(NYSE:GT)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IBM)") else Response.Write("(NYSE:IBM)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MCD)") else Response.Write("(NYSE:MCD)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MRK)") else Response.Write("(NYSE:MRK)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JP)") else Response.Write("(NYSE:JP)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:PG)") else Response.Write("(NYSE:PG)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:S)") else Response.Write("(NYSE:S)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UK)") else Response.Write("(NYSE:UK)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UTX)") else Response.Write("(NYSE:UTX)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:WX)") else Response.Write("(NYSE:WX)") end if %> <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:Z)") else Response.Write("(NYSE:Z)") end if %>
Today's Dow NumbersTHE FOOLISH FOUR (4/2/96) |
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