The Daily Dow
Thursday, August 8, 1996
by Robert Sheard

LEXINGTON, KY. (August 8): Even with the market slightly lower today, the Foolish Four managed to eke out a tiny gain, just enough of a victory to make the day worth recording.

The biggest mover for the Foolish Four today was Eastman Kodak, alas but in the wrong direction. Kodak shares sold off nearly a point on news that the company is taking a 51% stake in CPI's Fox Photo subsidiary. The joint venture will be formed to introduce Kodak's retail identity strategy for consumer imaging products and services.

Chevron, the 1996 model's double-weighted stock, announced today positive results from a second appraisal well in the Moho field, part of Chevron's efforts in the Congo.

The Moho field, located nine miles off the Congolese coast, was discovered last November in the Haute-Mer concession and is the largest discovery in deep water (2,300 feet) offshore West Africa. The concession also includes the N'Kossa field, currently producing over 70,000 barrels of oil per day, well above early projections for this period.

And finally, recent 3M spin-off Imation announced an agreement to integrate the Realist print engine developed by Iris Graphics, a Scitex company, as a component in its new, large format (A2) digital proofing system.

The new digital proofing system will be marketed by Imation and is expected to be available during the first quarter of 1997. Imation will announce details of its new proofing solution at the Seybold Conference and Exhibition on September 11, 1996, in San Francisco.

All-in-all, a pretty mild day as the markets grabbed a breath after recent surges. Stay Foolish!

Transmitted: 8/8/96

THE FOOLISH FOUR MODEL (8/8/96)  

           Day   Week   Quarter  Year  History
Fool-4    0.32%  0.33%   0.69%  13.83%  13.83%
DJIA     -0.09%  0.59%   1.04%  11.65%  11.65%
S&P 500  -0.24%  0.02%  -1.20%   7.58%   7.58%
NASDAQ   -0.32%  1.12%  -4.01%   8.11%   8.11%


Bought  #    Stock     In At   Now    Change

1/2/96  142  DuPont    69.88  83.38   19.32%
1/2/96  148  E. Kodak  67.00  77.38   15.49%
1/2/96  380  Chevron   52.38  58.75   12.17%
1/2/96  149  3M        63.76  66.25    3.91%
7/16/96  14  Imation   26.16  23.00  -12.07%

Bought  #    Stock          Cost       Value      Change

1/2/96  142  DuPont      $9,922.25  $11,839.25  $1,917.00    
1/2/96  148  E. Kodak    $9,916.00  $11,451.50  $1,535.50    
1/2/96  380  Chevron    $19,902.50  $22,325.00  $2,422.50    
1/2/96  149  3M          $9,500.09   $9,871.25    $371.16   
7/16/96  14  Imation       $366.21     $322.00    $(44.21)  

      CASH      $1,106.15      
      TOTAL    $56,915.15      



Transmitted: 8/8/96 

      
      

      
      

        

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