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Investment Figures of the Week
Investment Figures of the Week
The Dow Jones industrial average climbed above the 3600 level once again--but
just barely. With the economy still not out of the woods, cyclicals were
lackluster. The real action was in small-cap stocks, which surged to new highs.
The price of gold rebounded smartly, sending gold stocks bounding higher. And
as the table on this page shows, Lexington Strategic Investments, a mutual fund
that invests solely in South African gold mining shares, has advanced a
stunning 166% over the past year.
MARKET ANALYSIS
% change
U.S. STOCKS Latest Week 52-week
DOW JONES INDUSTRIALS 3603.2 0.1 12.8
MIDSIZE COMPANIES (S&P MidCap Index) 176.5 0.8 23.8
SMALL COMPANIES (Russell 2000) 257.9 1.4 35.5
ALL COMPANIES (Russell 3000) 268.5 0.4 16.2
% change (local currency)
FOREIGN STOCKS Latest Week 52-week
LONDON (FINANCIAL TIMES 100) 3080.9 -0.6 19.7
TOKYO (NIKKEI INDEX) 20,038.4 -2.3 15.5
TORONTO (TSE COMPOSITE) 4111.8 1.4 28.7
FUNDAMENTALS Latest Week ago Year ago
90-DAY TREASURY BILL YIELD 3.10% 3.04% 3.00%
30-YEAR TREASURY BOND YIELD 5.92% 6.01% 7.50%
S&P 500 DIVIDEND YIELD 2.77% 2.74% 3.09%
TECHNICAL INDICATORS Latest Week ago Reading
S&P 500 PRICE/EARNINGS RATIO 21.7 21.7 21.1
S&P 500 26-week moving average 450.7 450.2 Positive
Stocks above 26-week moving average 63.8% 63.4% Neutral
Speculative sentiment: Put/call ratio 0.43 0.41 Positive
Insider sentiment: Vickers sell/buy ratio 2.61 2.73 Negative
BRIDGE INFORMATION SYSTEMS INC.
INDUSTRY GROUPS
% change Strongest %change
FOUR-WEEK LEADERS 4-week 52-week stock in group 4-week 52-week Price
GOLD MINING 24.8 49.3 PLACER DOME 31.9 89.4 22 1/4
HOSPITAL MANAGEMENT 16.1 46.8 NATIONAL MEDICAL
ENTERPRISES 46.8 11.0 11 3/8
HOTELS AND MOTELS 15.0 114.0 PROMUS 18.3 320.6 79 1/8
OIL AND GAS DRILLING 14.9 23.9 ROWAN 30.6 15.7 10 1/8
SPECIALTY APPAREL
RETAILERS 13.4 11.1 TJX 23.3 41.5 32 3/8
% change Weakest %change
FOUR-WEEK LAGGARDS 4-week 52-week stock in group 4-week 52-week Price
INSURANCE BROKERS -9.4 -9.4 ALEXANDER &
ALEXANDER SVCS. -20.9 -23.3 19 3/8
ENGINEERING AND
CONSTRUCTION -7.4 3.9 FLUOR -9.5 -6.0 39 1/2
PAPER CONTAINERS -7.1 -16.6 STONE CONTAINER -15.2 -45.1 7
FOOD CHAINS -6.7 13.0 GREAT ATLANTIC &
PACIFIC TEA -12.5 17.3 25 3/8
MACHINE TOOLS -6.1 44.6 CINCINNATI MILACRON-7.8 74.1 23 1/2
MORNINGSTAR INC.
MUTUAL FUNDS
LEADERS LAGGARDS
Four-week total return% Four-week total return %
LEXINGTON STRATEGIC INVESTMENTS 30.9 PILGRIM CORPORATE UTILITIES -4.9
UNITED SERVICES GOLD SHARES 21.7 EQUIFUND ITALIAN NATIONAL
FIDUCIARY EQUITY -4.2
VAN ECK INTERNATIONAL INVESTORS 15.7 SMITH BARNEY SHEARSON
TELECOMM. INCOME -3.3
52-week total return% 52-week total return %
LEXINGTON STRATEGIC INVESTMENTS 166.3 PILGRIM CORPORATE UTILITIES -12.1
PBHG GROWTH 100.7 YACKTMAN -6.8
SMITH BARNEY SHEARSON SPECIAL
EQUITIES B 74.6 JENSEN -4.3
RELATIVE PORTFOLIOS
Foreign stocks Treasury bonds U.S. stocks Gold Money market fund
$14,346 $12,700 $11,588 $10,475 $10,221
+2.20% +1.03% -0.02% +1.92% +0.04%
DRI/McGRAW-HILL
Dollar amounts
represent the present value of $10,000
invested one year ago in each portfolio
Percentages indicate
five-day total returns
All data on this page are as of market close Wednesday, Oct. 13, 1993, unless
otherwise indicated. Industry groups include S&P 500 companies only;
performance and share prices are as of market close Oct. 12. Mutual fund
returns are as of Oct. 8. Relative portfolios are valued as of Oct. 12. A more
detailed explanation of this page is available on request.