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BTD 10
As Of 07/29/96

#1
International Paper
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>

#2
General Motors
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>

#3
AT&T
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>

#4
Chevron Corp
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>

#5
Minnesota Mining & Mfg
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>

#6
Du Pont de Nemours & Co.
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

#7
Exxon
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>

#8
Texaco
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %>

#9
J.P. Morgan
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>

#10
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Monday, July 29, 1996
by Robert Sheard

LEXINGTON, KY. (July 29): The Monday blahs hit the Foolish Four portfolio, with only 3M posting a gain. Traders appear to be scared that Friday's employment report will be a repeat of the past few months when the market sold off dramatically after better-than-expected jobs numbers were reported. This week some sellers are doing their business early, trying to beat the Friday rush.

As usual, I have no clue whether this explanation is really behind today's decline, but neither do any of the highly paid "experts" either. Fortunately, my paycheck isn't tied to the accuracy of my market calls. For all I know, there may even be a clause in my contract where the Fools cut my pay if I start making Wise predictions, so let's get out of the deep end of the pool and on to the news.

3M bucked the Dow trend today and gained a couple of tics after posting earnings ever-so-slightly ahead of Street expectations. Operating income climbed 10.1% over last year's results and earnings per share were up 11.0% to $0.91. Both are record numbers for 3M, despite some painful currency effects which lowered earnings roughly 4 cents a share for the quarter.

In other good news (although who could tell in today's action?), Eastman Kodak was named one of First Boston's featured stocks of the week. Incidentally, Enron Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:ENE)") else Response.Write("(NYSE:ENE)") end if %> was the other.

And finally, Chevron (along with British Gas and Nova) was given the green light by the European Commission to pursue a joint venture in the natural gas field. Chevron will transfer its natural gas business along with its subsidiary, Warren Petroleum Company, to NGC Corp., which is currently controlled by British Gas and Nova. The operation will create North America's largest natural gas and natural gas liquids company.

For all of you Dow variation followers, the discussion in the Beating the Dow folder has recently centered on other possibilities for extending the strategy beyond the 30 Dow Jones Industrial Average stocks. Come join us as the numbers fly and the possibilities are scrutinized.

Transmitted: 7/29/96


Today's Dow Numbers
      THE FOOLISH FOUR MODEL (7/29/96)  



            Day     Week    Quarter   Year   History

Fool-4    -0.54%   -0.54%    -3.14%   9.50%   9.50%

DJIA      -0.70%   -0.70%    -3.89%   6.20%   6.20%

S&P 500   -0.78%   -0.78%    -5.92%   2.43%   2.43%

NASDAQ    -1.21%   -1.21%   -10.01%   1.36%   1.36%





Bought    #    Stock      In At    Now     Change



1/2/96   142   DuPont     69.88   79.50    13.77%

1/2/96   380   Chevron    52.38   57.63    10.02%

1/2/96   148   E. Kodak   67.00   72.00     7.46%

1/2/96   149   3M         63.76   63.88     0.18%

7/16/96   14   Imation    26.16   20.38   -22.11%



Bought    #    Stock          Cost         Value       Change



1/2/96   142   DuPont       $9,922.25   $11,289.00   $1,366.75     

1/2/96   380   Chevron     $19,902.50   $21,897.50   $1,995.00     

1/2/96   148   E. Kodak     $9,916.00   $10,656.00     $740.00    

1/2/96   149   3M           $9,500.09    $9,517.38      $17.28    

7/16/96   14   Imation        $366.21      $285.25     $(80.96)   



         CASH       $1,106.15        

         TOTAL     $54,751.28        







Transmitted: 7/29/96

      
      

      
      

       

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