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BTD 10
As Of 10/07/96

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

#2
International Paper
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>

#3
General Motors
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") 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
J.P. Morgan
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>

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

#8
Du Pont de Nemours & Co.
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

#9
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

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

***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Monday, October 7, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (October 7): I picked quite a week to be gone, didn't I?: the Dow nearly cracks the 6000 mark, AT&T spins off Lucent Technologies, and the Beating the Dow order scrambles as a result.

But I've got all the files updated again and we should be back to full speed today. For those of you wondering how the AT&T spin-off affects the Dow order, here's the important detail. First of all, the $1.32 AT&T dividend remains the same after the Lucent spin-off. (Lucent will pay out its own dividend.) So with the lower price after the spin-off and the same dividend payment, AT&T's yield is considerably higher, meaning it will remain firmly in the top ten yielding Dow stocks.

It's yield isn't so high now, though, that it takes over the top yielding spot (that still clearly belongs to Philip Morris), so if you're following the Unemotional Value approach, AT&T remains part of the group you would include.

Keep in mind that the *only* difference between the Unemotional Value approach and the basic Beating the Dow approach is that you throw out the #1 stock when it is also the highest yielder. Right now, it's not, so you would include it.

If you're using the Foolish Four approach, AT&T is in the slot you would skip and the current #2 stock (the one the Foolish Four method doubles up on) is now International Paper.

As for the Foolish Four model portfolio, there wasn't any direct news today, but that didn't stop DuPont and Kodak from suffering a little weekend hangover. Overall, the blue-chip Dow Jones Average couldn't muster enough momentum to climb above the 6000 mark today after Friday's 60-point gain, but give it time. Sooner or later it will get there. When it does, it won't mean anything in the long run, but it sure is a worthy excuse to drink a little champagne and begin calculating how long it should take to get to 7000 based on its average 10.5% annual growth rate. (It would take just over 18 months at that rate. It helps to calculate these things before you drink the champagne).

It's good to be back home, Fools, and my heartfelt thanks to Python, Elwood and Venus for writing the daily reports while I was gone.

Transmitted: 10/7/96


Today's Dow Numbers 
      THE FOOLISH FOUR MODEL (10/7/96)  

          Day    Week  Quarter  Year  History
Fool-4  -0.59%  -0.59%  2.01%  22.80%  22.80%
DJIA    -0.22%  -0.22%  1.66%  16.86%  16.86%
S&P 500  0.27%   0.27%  2.34%  14.20%  14.20%
NASDAQ   0.27%   0.27%  1.95%  18.89%  18.89%


Bought  #    Stock     In At   Now   Change

1/2/96  142  DuPont    69.88  92.38  32.20%
1/2/96  380  Chevron   52.38  65.38  24.82%
1/2/96  148  E. Kodak  67.00  75.38  12.50%
1/2/96  149  3M        63.76  69.88   9.59%
7/16/96  14  Imation   26.16  24.88  -4.90%

Bought  #    Stock         Cost        Value      Change

1/2/96  142  DuPont      $9,922.25  $13,117.25  $3,195.00    
1/2/96  380  Chevron    $19,902.50  $24,842.50  $4,940.00    
1/2/96  148  E. Kodak    $9,916.00  $11,155.50  $1,239.50    
1/2/96  149  3M          $9,500.09  $10,411.38    $911.28   
7/16/96  14  Imation       $366.21     $348.25    $(17.96)  

      CASH      $1,524.50      
      TOTAL    $61,399.38      



Transmitted: 10/7/96

      
      

      
      

       

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