FEATURED ARTICLES FROM S&P PERSONAL WEALTH

NEW YORK, Aug. 18 /PRNewswire/ -- Read the following articles exclusively
at S&P Personal Wealth (http://www.personalwealth.com).  Standard & Poor's is
a division of the McGraw-Hill Companies: 


     "S&P Passes Judgment on Effects of Clinton's Testimony"
     http://www.personalwealth.com/prn23
     The U.S. stock market managed to brush aside President Bill Clinton's
     grand jury testimony Monday, finishing the day in positive territory
     after a "sell on the rumor" dip at the open.  Market players didn't
     appear too concerned about one of the biggest Presidential crises in
     decades.  But should they be?  Find out what impact, if any, Standard &
     Poor's market watchers think the testimony will have on the financial
     markets in Equity Insights.
     "S&P Cuts Estimate for Hewlett-Packard"
     http://www.personalwealth.com/prn05
     S&P equity analyst Megan Graham-Hackett lowered her fiscal 1998 (Oct.)
     earnings per share estimate for Hewlett-Packard (NYSE: HWP) by $0.07 to
     $2.85 after the company posted third quarter earnings per share of
     $0.58, the same as in the year-earlier period, on 5% higher revenues.
     Graham-Hackett said earnings were at the high end of the company's
     pre-announced range, helped by larger than expected interest income.
     She continues to rank the stock 3 STARS (hold), saying it is fairly
     valued at 15 times her fiscal 1999 earnings per share estimate of
     $3.65.  Get unbiased opinions on stocks in the news every trading day
     from S&P STARS Picks and Pans.
     "Cooper Industries Shares Gain on News of Automotive Business Sale"
     http://www.personalwealth.com/prn03
     Shares of Cooper Industries (NYSE: CBE) opened higher after the
     manufacturer of electrical products, tools and hardware, and
     automotive products agreed to sell its automotive business to
     Federal-Mogul Corp. (NYSE: FMO) for about $1.9 billion.  CBE also said
     that it expects to be able to complete its previously-announced
     $500 million stock repurchase plan before the transaction closes.
     Other stocks featured in this morning's MarketMovers include Talbots Inc.
     (NYSE: TLB), Deere & Co. (NYSE: DE), Tommy Hilfiger (NYSE: TOM), Jones
     Apparel Group (NYSE: JNY), Gadzooks Inc. (Nasdaq: GADZ), J.C. Penney
     (NYSE: JCP), AnnTaylor Stores (NYSE: ANN), Home Depot (NYSE: HD), Estee
     Lauder (NYSE: EL), and Limited Inc. (NYSE: LTD).


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SOURCE  Standard & Poor's 
-0-                             08/18/98 
/CONTACT:  Mark Roth of  Standard & Poor's, A Division of The McGraw-Hill
Companies, 212-770-4752/ 
/Web site:  http://www.personalwealth.com/ 
(HWP CBE FMO TLB DE TOM JNY GADZ JCP ANN HD EL LTD) 
CO:  Standard & Poor's Personal Wealth
ST:  New York
IN:  FIN MLM PUB
SU:  RTG
-0- Aug/18/1998   11:10
EOS   (PRN)    Aug/18/98    11:10      86
â
-0- (PRN) Aug/18/  98   11:25
 
 
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