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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYDespite the decision by the Federal Reserve on Aug. 20 not to raise rates, U.S.stocks hardly moved for the week. Clearly the markets had already factored inthe Fed's nonaction. The performance overseas was another story: The Londonmarket hit a new high; the Nikkei, after bouncing around for weeks, zoomedahead and broke through the 21,000 level; and the Mexican Bolsa, reflecting amuch improved economy, surged a stunning 18.5% for the week. Note the topperforming mutual fund over the last four weeks: Wright EquiFund-Mexico.MARKET ANALYSIS

% change

U.S. STOCKS Latest Week 52-week

DOW JONES INDUSTRIALS 5689.8 0.4 24.1

MIDSIZE COMPANIES (S&P MidCap Index) 231.3 0.7 9.9

SMALL COMPANIES (Russell 2000) 328.9 0.7 8.0

ALL COMPANIES (Russell 3000) 376.5 0.4 17.1

FUNDAMENTALS Latest Week Ago Year Ago

90-DAY TREASURY BILL YIELD 5.13% 5.17% 5.59%

30-YEAR TREASURY BOND YIELD 6.83% 6.79% 6.91%

S&P 500 DIVIDEND YIELD 2.16% 2.18% 2.42%

S&P 500 PRICE/EARNINGS RATIO 19.0 18.9 16.0

% change (local currency)

FOREIGN STOCKS Latest Week 52-week

LONDON (FINANCIAL TIMES 100) 3872.1 1.0 10.1

TOKYO (NIKKEI INDEX) 21,275.0 1.4 20.0

TORONTO (TSE COMPOSITE) 5167.1 2.3 12.1

TECHNICAL INDICATORS Latest Week ago Reading

S&P 500 200-day moving average 640.8 638.8 Positive

Stocks above 200-day moving average 57.0% 54.0%r Neutral

Speculative sentiment: Put/call ratio 0.59 0.59r Negative

Insider sentiment: Vickers sell/buy ratio 1.43 1.66 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.HMOs 12.9 17.9 UNITED HEALTHCARE 13.2 -11.5 38 5/8

2.APPAREL

MANUFACTURING 11.1 17.1 LIZ CLAIBORNE 17.7 48.4 34 3/8

3.MAJOR REGIONAL

BANKS 10.9 34.6 COMERICA 17.7 43.4 49 7/8

4.METAL AND GLASS

CONTAINERS 10.2 4.0 CROWN CORK & SEAL 11.3 11.3 48 3/4

5.DIVERSIFIED

MANUFACTURING 10.2 25.1 ALLIEDSIGNAL 14.7 41.1 63 7/8

% change % change

1- 12- Weakest stock 1- 12-

ONE-MONTH LAGGARDS month month in group month month Price

1.TOBACCO -9.4 19.6 PHILIP MORRIS -10.0 22.9 91 1/2

2.REGIONAL TELEPHONE

COMPANIES -3.7 8.0 BELLSOUTH -9.6 13.8 38 1/8

3.TRANSPORTATION

SERVICES -3.6 7.7 FEDERAL EXPRESS -6.1 -0.5 74 3/8

4.TRUCKING -3.5 -38.6 CALIBER SYSTEM -13.2 -59.2 18 3/4

5.HARDWARE

AND TOOLS -1.8 21.1 STANLEY WORKS -5.4 34.7 28 3/4

MUTUAL FUNDS

LEADERS LAGGARDS

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

1.WRIGHT EQUIFUND-MEXICO 11.2 PIONEER INDIA B -15.0

2.FIDELITY SELECT

MEDICAL DELIVERY 9.4 EV MARATHON GREATER INDIA -9.9

3.ROBERTSON STEPHENS

VALUE & GROWTH 9.0 AMERICAN HERITAGE -7.8

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

1.LANDMARK SMALL CAP

EQUITY A 63.9 STEADMAN TECHNOLOGY GROWTH -38.6

2.MONITREND GOLD 50.4 UNITED SERVICES GOLD SHARES -26.4

3.FONTAINE GLOBAL RESERVE INFORMED INVESTORS

GROWTH 47.8 GROWTH A -24.8

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

$12,218 $11,387 $10,703 $10,524 $10,141

+0.83% +0.52% -0.23% +0.11% -0.13%

DRI/McGRAW-HILL

All data on this page are as of market close Wednesday, Aug. 21, 1996, unless

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

performance and share prices are as of market close Aug. 20. Mutual fund

returns are as of Aug. 16. Relative portfolios are valued as of Aug. 20. A more

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

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