Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

The Dow cleared 4800 on Sept. 14 but pulled back as investors started to worry

about third-quarter earnings reports. High-profile companies like IBM and

Caterpillar warned Wall Street analysts their profit forecasts were too high.

But on Sept. 20, AT&T's surprise announcement that it would voluntarily split

itself into three companies put investors in a happy mood again. AT&T shares

shot up $6 per share, over 10%. A strong bond market helped buoy stocks as

long-term yields fell below 6.5%.

MARKET ANALYSIS

% change

U.S. STOCKS Latest Week 52-week

DOW JONES INDUSTRIALS 4792.7 0.6 24.4

MIDSIZE COMPANIES (S&P MidCap Index) 218.5 0.4 25.7

SMALL COMPANIES (Russell 2000) 314.8 -0.4 23.7

ALL COMPANIES (Russell 3000) 338.2 1.2 27.3

FUNDAMENTALS Latest Week ago Year ago

90-DAY TREASURY BILL YIELD 5.33% 5.45% 4.91%

30-YEAR TREASURY BOND YIELD 6.47% 6.52% 7.80%

S&P 500 DIVIDEND YIELD 2.32% 2.34% 2.75%

S&P 500 PRICE/EARNINGS RATIO 16.9 16.7 18.3

% change (local currency)

FOREIGN STOCKS Latest Week 52-week

LONDON (FINANCIAL TIMES 100) 3561.5 -0.3 18.1

TOKYO (NIKKEI INDEX) 18,198.6 -2.2 -8.5

TORONTO (TSE COMPOSITE) 4550.5 -0.8 4.4

TECHNICAL INDICATORS Latest Week ago Reading

S&P 500 200-day moving average 515.1 511.8 Positive

Stocks above 200-day moving average 77.0% 78.0%r Negative

Speculative sentiment: Put/call ratio 0.61 0.53r Neutral

Insider sentiment: Vickers sell/buy ratio 2.54 2.30 Negative

BLOOMBERG FINANCIAL MARKETS

INDUSTRY GROUPS

% change % change

1- 12- Strongest stock 1- 12-

ONE-MONTH LEADERS month month in group month month Price

1 LIFE INSURANCE 11.8 16.0 PROVIDIAN 14.9 27.2 41 1/2

2 SAVINGS AND LOANS 11.5 13.5 H.F. AHMANSON 15.8 11.9 24 3/4

3 PERSONAL LOANS 11.4 46.1 HOUSEHOLD 13.5 58.4 60

INTERNATIONAL

4 MULTI-LINE INSURERS 11.0 43.4 AETNA LIFE 12.6 46.2 70 3/8

& CASUALTY

5 MONEY CENTER BANKS 10.4 42.3 CHASE MANHATTAN 14.3 69.0 60

% change % change

1- 12- Weakest stock 1- 12-

ONE-MONTH LAGGARDS month month in group month month Price

1 METAL AND GLASS -9.1 4.0 CROWN CORK -10.1 0.3 38 3/4

CONTAINERS & SEAL

2 COMPUTER SYSTEMS -7.5 40.1 APPLE COMPUTER -18.1 3.5 36 3/4

3 STEEL -7.3 -30.0 INLAND STEEL -13.1 -39.9 24 1/8

INDUSTRIES

4 ALUMINUM -7.2 19.1 ALCAN ALUMINIUM -9.1 19.4 32 3/8

5 DIVERSIFIED -6.5 8.2 CATERPILLAR -13.1 4.0 58 7/8

MACHINERY

MORNINGSTAR INC.

MUTUAL FUNDS

LEADERS LAGGARDS

Four-week total return % Four-week total return %

1 VAN ECK ASIA 10.4 EV MARATHON -6.7

INFRASTRUCTURE A GREATER INDIA

2 WEITZ HICKORY 9.8 PIONEER INDIA A -4.4

3 FIDELITY SELECT 9.0 BLANCHARD -4.3

ENERGY SERVICE PRECIOUS METALS

52-week total return % 52-week total return %

1 FIDELITY SELECT 91.1 WRIGHT -47.4

ELECTRONICS EQUIFUND-MEXICO

2 GOVETT SMALLER 87.1 BT INVESTMENT -37.6

COMPANIES A LATIN AMERICAN EQUITY

3 ALGER CAPITAL 84.7 HERCULES LATIN -35.9

APPRECIATION AMERICAN VALUE

DRI/McGRAW-HILL

RELATIVE PORTFOLIOS

Dollar amounts represent the present value of $10,000 invested one year ago in

each portfolio

Percentages indicate five-day total returns

U.S. Treasury Foreign Money

stocks bonds stocks market fund Gold

$13,005 $12,442 $11,046 $10,541 $9,840

+1.33% -0.23% -1.03% +0.12% +0.46%

All data on this page are as of market close Wednesday, Sept. 20, 1995, unless

otherwise indicated. Industry groups include S&P 500 companies only;

performance and share prices are as of market close Sept. 19. Mutual fund

returns are as of Sept. 15. Relative portfolios are valued as of Sept. 19. A

more detailed explanation of this page is available on request. r=revised

NA=Not available