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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

Stocks were slammed this week, even though interest rates retreated in the wake of good numbers on the inflation front. For the week, the Dow industrials were down an unnerving 4.0%, about the same as the decline in the Nasdaq. The new worry on Wall Street: earnings. Pity the company whose earnings came in below what analysts were expecting. Disappointments in such large-cap stocks as Hewlett-Packard and United Healthcare sent their stocks plummeting more than 10%. The decline in high-tech stocks reporting poor earnings was a lot worse.

MARKET ANALYSIS % change

U.S. STOCKS Latest Week 52-week

DOW JONES INDUSTRIALS 5376.9 -4.0 16.2

MIDSIZE COMPANIES (S&P MidCap Index) 220.2 -3.8 10.7

SMALL COMPANIES (Russell 2000) 318.2 -4.4 10.8

ALL COMPANIES (Russell 3000) 359.6 -3.5 14.6

FUNDAMENTALS Latest Week Ago Year Ago

90-DAY TREASURY BILL YIELD 5.26% 5.27% 5.55%

30-YEAR TREASURY BOND YIELD 7.03% 7.08% 6.51%

S&P 500 DIVIDEND YIELD 2.26% 2.19% 2.45%

S&P 500 PRICE/EARNINGS RATIO 18.7 18.9 16.8

% change (local currency)

FOREIGN STOCKS Latest Week 52-week

LONDON (FINANCIAL TIMES 100) 3658.2 -2.9 7.4

TOKYO (NIKKEI INDEX) 21,412.9 -1.7 30.4

TORONTO (TSE COMPOSITE) 4940.0 -3.1 7.2

TECHNICAL INDICATORS Latest Week ago Reading

S&P 500 200-day moving average 634.1 656.1r Positive

Stocks above 200-day moving average 39.0% 55.0%r Positive

Speculative sentiment: Put/call ratio 0.89 0.72r Positive

Insider sentiment: Vickers sell/buy ratio 2.26 2.57 Neutral

DATA: BLOOMBERG FINANCIAL MARKETS

INDUSTRY GROUPS

% change % change

1- 12- Strongest stock 1- 12-

ONE-MONTH LEADERS month month in group month month Price

1.OIL AND GAS

DRILLING 16.1 73.6 1.ROWAN COMPANIES 19.6 127.1 16 3/4

2.OIL EXPLORATION 2.BURLINGTON

AND PRODUCTION 9.5 15.1 RESOURCES 11.9 16.7 44 5/8

3.NATURAL GAS 4.9 29.9 3.COLUMBIA GAS 12.7 60.4 52 1/8

SYSTEM

4.OIL WELL EQUIPMENT

AND SERVICES 4.8 33.6 4.BAKER HUGHES 10.0 54.7 32 7/8

5.ELECTRIC COMPANIES 2.2 4.9 5.TEXAS UTILITIES 6.9 25.7 42 3/4

% change % change

1- 12- Weakest stock 1- 12-

ONE-MONTH LAGGARDS month month in group month month Price

1.TRUCKING -31.3 -42.2 1.CALIBER SYSTEM -41.0 -50.9 21 3/8

2.HMOs -22.5 -3.1 2.UNITED

HEALTHCARE -38.5 -30.2 32 1/8

3.MACHINE TOOLS -22.2 -37.8 3.GIDDINGS

& LEWIS -32.1 -38.6 11 1/8

4.TOYS -19.1 3.6 4.MATTEL -21.0 4.4 22 1/8

5.BROADCASTING -16.3 -16.8 5.TELE-

COMMUNICATIONS -19.0 -20.8 14 3/8

MUTUAL FUNDS

LEADERS LAGGARDS

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

FIDELITY SELECT

NATURAL GAS 9.2 PREMIER STRATEGIC GROWTH A -22.4

FIDELITY SELECT

ENERGY SERVICE 7.8 JUNDT U.S. EMERGING GROWTH C -19.3

EXCELSIOR LONG-TERM

SUPPLY OF ENERGY 6.7 DEAN WITTER HEALTH SCIENCES -17.7

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

LANDMARK SMALL CAP

EQUITY A 77.2 STEADMAN TECHNOLOGY GROWTH -35.9

MONITREND GOLD 48.4 STEADMAN AMERICAN INDUSTRY -29.5

FREMONT U.S. MICRO-CAP 48.3 SELIGMAN COMMUNICATIONS

& INFORM. D. -24.2

MORNINGSTAR INC.

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. stocks Foreign stocks Money market fund Gold Treasury bonds

$11,599 $10,945 $10,530 $10,148 $10,119

-4.03% -1.09% +0.11% +0.72% +1.49%

DRI/McGRAW-HILL

All data on this page are as of market close Wednesday, July 10, 1996, unless

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

and share prices are as of market close July 9. Mutual fund returns are

as of July 5. Relative portfolios are valued as of July 9. A more detailed

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

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