DAVE HARRIS: This is the Dave On Stocks podcast 67. It's Tuesday July 24^th 2007. I'm Dave Harris. I'm a long term investor with a perspective on the market with individual stock advice.

The market is selling off after a fresh batch of some mixed earnings news. But I think McDonalds (MCD) did well in the quarter. Although they reported a loss from the sale of various Latin American restaurants, excluding those charges earnings were .71 cents per share in the quarter, which matched expectations. The revenue figure beat the street views with a 12 percent rise at over $6 billion. McDonalds sold the Latin American operations to zone in on where the real growth is-China. Same store sales were up almost 11 percent in Asia. I'm particularly impressed with the 5 percent U.S. growth. Face it, no other restaurant has succeeded the way McDonalds has. With their premium coffee choices, later hours and solid breakfast selection, I see continued growth here and overseas. The company also has a strong advertising presence. This stock is a buy in my view. At about 17 times earnings, it's cheaper than both Yum Brands (YUM) and Burger King (BKC) and the industry's average P/E of 25. McDonalds is .10 cents lower at $52.40 this morning.

Chemical maker DuPont (DD) is trading over 5 percent lower at 50.41 per share on second quarter earnings that came in flat. Results reflect the continuing housing problems and higher energy costs. Adjusted earnings of 1.01 per share were below views, but revenue came in slightly better than expected. The company sees continued problems in housing but reiterated their full year forecast of $3.15 per share, which is slightly below the street's consensus. I would hold the stock.

On a brighter note, it was a great quarter for AT&T (T) as the telecom company said revenue rose to over $29 billion and adjusted EPS was .70 cents. This was generally better than Wall Street expected. Revenue rose to $29.5 billion. Shares aren't doing much and trading about .02 cents lower at 40.01 per share. AT&T is the exclusive carrier for Apple's new iPhone. About 146,000 iPhones were activated and the industry insiders were expecting roughly twice that. 40 percent of the customers were new subscribers. I think the media hyped the product too much. And remember that the quarter includes only the first few days of the iPhone (June 29^th and 30^th). Apple will have earnings tomorrow and that should give a better indication of how many units sold. As for AT&T, they expect operating income margins to increase about 24 percent this year. I have a buy rating on the stock.

The DOW is 62.67 lower at 13,880.75. The S&P 500 is down 8.41 1,533.16. The NASDAQ is falling 16.78 to 2,673.80. Bond prices are up with the yield on the 10 year note slightly lower at 4.94 percent.

That's all for today's podcast of Dave On Stocks. I'm Dave Harris. Write me with any questions or comments at the "contact us" link on this page. My website is www.daveonstocks.com. I'll talk to you again soon.