The Daily Dow FOOL GLOBAL WIRE by Robert Sheard (TMF Sheard) LEXINGTON, KY. (Apr. 28, 1997) -- It's not too often one of the 30 Dow components can drop the equivalent of 25 Dow points and we see the index rise nearly 50 points anyway. But that's precisely what happened today. Aerospace giant BOEING <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: BA)") else Response.Write("(NYSE: BA)") end if %> hit full flaps today when it missed the Street's consensus earnings estimates by 13%. Mayday! The stock dropped $7 a share on the news, the first real disappointment of the earnings season for the Dow. Financial and drug stocks made up for the drop in Boeing however. AMERICAN EXPRESS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: AXP)") else Response.Write("(NYSE: AXP)") end if %>, J.P. MORGAN <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: JPM)") else Response.Write("(NYSE: JPM)") end if %>, TRAVELERS GROUP <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TRV)") else Response.Write("(NYSE: TRV)") end if %>, MERCK <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MRK)") else Response.Write("(NYSE: MRK)") end if %>, and JOHNSON & JOHNSON <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: JNJ)") else Response.Write("(NYSE: JNJ)") end if %> posted impressive numbers on the day, driving the Dow close to 6,800. The good news for Foolish Four followers is that AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: T)") else Response.Write("(NYSE: T)") end if %> finally showed some signs of life today. The worst performer of the 30 Dow stocks at the beginning of the year, AT&T has kept the Dow Approach models in the dumps for 1997. Today, however, the telephone mammoth gained nearly 2.5%, its first significant positive jump in recent memory. Is the decline over for Ma Bell? Or is this a proverbial dead-cat bounce? (You know a dog lover had to dream up that term.) There's no telling, of course, but the draw-down for T has been significant, some 25% just since January. Given that the earnings report for last quarter was what management expected, it's not unthinkable that the worst may be over for T. If it does begin to bounce back, don't be surprised if the move is abrupt; that's often the case when one of our Dogs breaks off of the leash. Woof. (c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. ________________________________

The Current BTD 10 AT&T <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %> *Philip Morris <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %> *Intl. Paper <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %> * Exxon <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %> *General Motors <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %> Chevron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %> Eastman Kodak <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %> Minnesota Mining <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %> J.P. Morgan <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %> DuPont <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %> NOTE: Foolish four stocks are preceded by an asterisk. Updated Daily

1997 Foolish Four Model Stock Change Last -------------------- T +1 3/4 32.88 GM + 3/8 55.25 CHV + 1/4 66.00 MMM +1 86.38 Day Month Year FOOL-4 +2.34% -2.76% -6.94% DJIA +0.66% 3.03% 5.19% S&P 500 +0.99% 2.09% 4.35% NASDAQ +0.64% -0.38% -5.73% Rec'd # Security In At Now Change 1/2/97 120 3M 83.00 86.38 4.07% 1/2/97 153 Chevron 65.00 66.00 1.54% 1/2/97 179 Gen. Motor 55.75 55.25 -0.90% 1/2/97 479 AT&T 41.75 32.88 -21.26% Rec'd # Security In At Value Change 1/2/97 120 3M 9960.00 10365.00 $405.00 1/2/97 153 Chevron 9945.00 10098.00 $153.00 1/2/97 179 Gen. Motor 9979.25 9889.75 -$89.50 1/2/97 479 AT&T 19998.25 15747.13 -$4251.13 CASH $431.29 TOTAL $46531.17

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