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BTD 10
As Of 10/28/96

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: 10/28/96

The Daily Dow
Monday, October 28, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (October 28): Monday's session was a sitting-on-hands affair. With a spate of economic data to be released this week, including such heavy-weights as the third-quarter Gross Domestic Product and the monthly employment numbers, not to mention election day next Tuesday, Wall Street was in no mood to commit itself to anything serious today. And for the most part, stocks were slightly up or slightly down alternately. In the last half-hour or so, they finally took the cautious bus home and dropped a few points.

And with the exception of 3M, the Foolish Four stocks all stayed in the back of the bus for the ride. 3M, however, sat up front after Friday's big earnings report and tacked on a little gain.

The analysts' reactions to 3M's earnings release on Friday points out just how inexact the whole process of evaluating companies and stocks (not necessarily the same thing, mind you) can be. Following the report on Friday, Prudential Securities raised its earnings estimates for 3M and restated its "buy" recommendation. Prudential bumped 1996 estimates up a nickel to $3.60 a share, 1997 estimates by a dime to $4.10, and 1998 estimates by a dime to $4.60.

Today, though, Donaldson Lufkin & Jenrette cut its rating on 3M from "market perform" to "under-perform," citing a valuation basis for the change. DLJ moved because 3M is "trading at the high end of its range of between a 20% discount to the market and a 5% premium." I'm not sure who's right between the two, but I'll throw myself behind the Beating the Dow technique any day, and right now, 3M is on the elite Dow Approach list.


Today's Dow Numbers 
      THE FOOLISH FOUR MODEL (10/28/96)  

           Day    Week   Quarter  Year  History
Fool-4   -0.75%  -0.75%   3.99%  25.19%  25.19%
DJIA     -0.57%  -0.57%   1.54%  16.72%  16.72%
S&P 500  -0.52%  -0.52%   1.44%  13.20%  13.20%
NASDAQ   -0.55%  -0.55%  -0.90%  15.56%  15.56%


Bought  #    Stock     In At   Now   Change

1/2/96  142  DuPont    69.88  93.00  33.09%
1/2/96  380  Chevron   52.38  66.00  26.01%
1/2/96  149  3M        63.76  75.25  18.02%
1/2/96  148  E. Kodak  67.00  76.00  13.43%
7/16/96  14  Imation   26.16  23.00 -12.07%

Bought  #    Stock         Cost       Value      Change

1/2/96  142  DuPont      $9,922.25  $13,206.00  $3,283.75    
1/2/96  380  Chevron    $19,902.50  $25,080.00  $5,177.50    
1/2/96  149  3M          $9,500.09  $11,212.25  $1,712.16    
1/2/96  148  E. Kodak    $9,916.00  $11,248.00  $1,332.00    
7/16/96  14  Imation       $366.21     $322.00    $(44.21)  

      CASH      $1,524.50      
      TOTAL    $62,592.75      





Transmitted: 10/28/96

      
      

      
      

       

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