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BTD 10
As Of 10/21/96

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

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

Last Update: 10/21/96

The Daily Dow
Monday, October 21, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (October 21): And they're off! These mega-giants are sprinting ahead, pouring on the power. Oops, what's that? Starting to fade already? Why the blue face? Yikes, get some oxygen, quick!!!!

That was pretty much the story today on Wall Street. This morning, IBM posted earnings news which helped the market get off to a fast start, quickly gaining 30 points in early trading. But as the day wore on, analysts started looking more closely at IBM's detailed report and thought better of the early-day optimism. By mid-afternoon, the market had given back the 30 points, plus 30 more on the down side. By the end of the day, it turned out to be a moderate losing session. All you long-distance runners out there are thinking the same thing: those jokers who sprint the first mile of a marathon are never going to make it.

Ah well, some decent news anyway for the Foolish Four model. CHEVRON posted better-than-expected earnings for the third quarter, along with the two other Dow oil components, EXXON and TEXACO. For the quarter, Chevron posted a buck a share in profits. (The First Call consensus forecast was for 95 cents.)

The good numbers were largely the result of higher crude oil and natural gas prices, resulting in net income more than double last year's results.

In news from late Friday, a Memphis, Tennessee jury rules in favor of 3M in the breast-implant case involving Sandra Tyson. The decision in effect held that Ms. Tyson isn't able to hold 3M liable because she claims her breast implants caused her to have health problems.

According to the company, this is the eleventh decision in favor of the manufacturers involved in a revised class action settlement in the last year. In addition there has been one loss and three mistrials since last October. This is the second time a jury has specifically found in favor of 3M. A third case found the jury dead-locked, but in 3M's favor.

Just as another reminder, if you're holding a small handful of IMATION shares as a result of the recent 3M spin-off, Imation has offered to buy back shares at a fee of only 90 cents per share for the rest of October. (I believe the deadline is in early November.) Rather than hold your 3 or 4 shares until your annual roll-over (which is the usual procedure), it may be worth it to sell them back now rather than pay a normal commission to sell them back later. Call the company for details.

Transmitted: 10/21/96


Today's Dow Numbers 
      THE FOOLISH FOUR MODEL (10/21/96)  

           Day    Week  Quarter  Year  History
Fool-4   -0.28%  -0.28%  5.78%  27.34%  27.34%
DJIA     -0.06%  -0.06%  3.55%  19.03%  19.03%
S&P 500  -0.14%  -0.14%  3.28%  15.25%  15.25%
NASDAQ   -0.49%  -0.49%  0.77%  17.51%  17.51%


Bought  #    Stock     In At   Now   Change

1/2/96  142  DuPont    69.88  96.88  38.64%
1/2/96  380  Chevron   52.38  67.25  28.40%
1/2/96  148  E. Kodak  67.00  79.88  19.22%
1/2/96  149  3M        63.76  71.63  12.34%
7/16/96  14  Imation   26.16  24.38  -6.82%

Bought  #    Stock          Cost       Value     Change

1/2/96  142  DuPont      $9,922.25  $13,756.25  $3,834.00    
1/2/96  380  Chevron    $19,902.50  $25,555.00  $5,652.50    
1/2/96  148  E. Kodak    $9,916.00  $11,821.50  $1,905.50    
1/2/96  149  3M          $9,500.09  $10,672.13  $1,172.03    
7/16/96  14  Imation       $366.21     $341.25    $(24.96)  

      CASH      $1,524.50      
      TOTAL    $63,670.63      





Transmitted: 10/21/96

      
      

      
      

       

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