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Contributors: Douglas McIntyre Jon C. Ogg

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Tuesday, August 15, 2006

Most Actives Review for DJIA and Related Stocks

Stock Tickers: HD, WMT, LOW, HPQ, MO, INTC, MU, XOM

With two DJIA components getting earnings behind them today and H-P reporting tomorrow, it may be worth reviewing the actives on a strong day. Mid-morning the DJIA is up at 11,193.60 (+95.73, or 0.86%).

Wal-Mart (WMT) is down 2% at $44.19 after posting its first drop in earnings in about a decade. We think this is actually manageable for the company and that this is setting the bar very low for the coming 18 months, but so far the street is saying "Fuggetaboutit" this morning.

Home Depot (HD) is now up 3.7%% at $34.52 after posting EPS slightly ahead of estimates, even with the lower-end of the range of guidance for 2006. Lowe's (LOW) is up 0.6% at $28.28.

Altria (MO) is up 0.19% at $80.71 after Morgan Stanley thinks the company will raise its dividend at the next meeting, but not free up Kraft (KFT) in a spin-off. Kraft (KFT) is trading down 0.44% at $33.97.

Shares of Intel (INTC) were up 1.4% at $18.12 after it has reportedly now made its flash chips available with Micron (MU) via their venture; MU was up 2.3% at $16.16.

Shares of Exxon Mobil (XOM) fell another 0.6% to $68.83 as oil shares slumped again and as the cease-fire in Lebanon has at least held for a day and after the BP pipeline is still partially running.

Despite many laptop makers using the same problem lithium ion batteries, H-P (HPQ) was up 1.8% to $33.91 the day ahead of its earnings.

Jon C. Ogg
August 15, 2006
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