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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYStocks hardly moved for the week. The big news instead was in the fixed-incomemarket. The Fed's decision not to raise rates sparked a mini-rally inTreasuries, which in fact had been firming even before the Fed meeting on Sept.24. With retail sales losing vigor and home resales actually falling, theoutlook for fixed-income securities appears bright. The critical question forstocks: Will this make equities more attractive, or will investors view it asforeshadowing a slowdown in earnings, and thus lower stock prices?MARKET ANALYSIS

% change

U.S. STOCKS Latest Week 52-week

DOW JONES INDUSTRIALS 5877.4 0.0 23.4

MIDSIZE COMPANIES (S&P MidCap Index) 240.8 1.1 12.9

SMALL COMPANIES (Russell 2000) 343.7 0.6 12.4

ALL COMPANIES (Russell 3000) 390.2 0.8 16.9

FUNDAMENTALS Latest Week Ago Year Ago

90-DAY TREASURY BILL YIELD 5.04% 5.25% 5.41%

30-YEAR TREASURY BOND YIELD 6.92% 7.01% 6.58%

S&P 500 DIVIDEND YIELD 2.11% 2.12% 2.34%

S&P 500 PRICE/EARNINGS RATIO 19.7 19.5 16.8

% change (local currency)

FOREIGN STOCKS Latest Week 52-week

LONDON (FINANCIAL TIMES 100) 3935.7 -0.5 12.9

TOKYO (NIKKEI INDEX) 21,350.7 0.9 16.9

TORONTO (TSE COMPOSITE) 5322.6 1.0 18.3

TECHNICAL INDICATORS Latest Week ago Reading

S&P 500 200-day moving average 648.9 647.2 Positive

Stocks above 200-day moving average 56.0% 58.0%r Neutral

Speculative sentiment: Put/call ratio 0.53 0.53r Negative

Insider sentiment: Vickers sell/buy ratio 1.27 1.27 Positive

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.SHOES 13.7 90.8 STRIDE RITE 22.6 -17.4 9 1/2

2.SEMICONDUCTORS 13.0 -7.5 NATIONAL SEMICONDUCTOR 33.1 -28.3 20 5/8

3.MEDICAL PRODUCTS

AND SUPPLIES 10.6 19.0 BOSTON SCIENTIFIC 22.2 38.2 56 1/2

4.COMPUTER SYSTEMS 9.7 23.1 DATA GENERAL 24.7 38.8 13 7/8

5.COMMUNICATIONS

EQUIPMENT 9.4 25.5 3COM 28.7 18.0 56 5/8

% change % change

1- 12- Weakest stock 1- 12-

ONE-MONTH LAGGARDS month month in group month month Price

1.ALUMINUM -7.1 0.7 ALCOA -8.2 10.1 58 1/2

2.METAL AND GLASS

CONTAINERS -7.0 15.3 CROWN CORK & SEAL -7.9 25.1 45 1/2

3.SPECIALTY APPAREL

RETAILERS -6.0 47.6 CHARMING SHOPPES -14.7 15.1 6 3/16

4.AUTOMOBILES -5.8 2.7 FORD MOTOR -7.4 0.8 31 1/4

5.LONG-DISTANCE

TELECOMMUNICATIONS -5.4 -11.6 WORLDCOM -25.1 20.2 19 3/4

MUTUAL FUNDS

LEADERS LAGGARDS

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

1.ROBERTSON STEPHENS

INFORMATION AGE 15.9 CAPPIELLO-RUSHMORE GOLD -7.7

2.VOYAGEUR AGGRESSIVE

GROWTH A 15.1 RYDEX PRECIOUS METALS -5.3

3.VANGUARD HORIZON

CAPITAL OPPORTUNITY 13.7 VAN ECK GOLD/RESOURCES A -5.3

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

1.LANDMARK SMALL CAP

EQUITY A 67.3 STEADMAN TECHNOLOGY GROWTH -44.9

2.IDS PRECIOUS METALS 55.2 MATTHEWS KOREA -27.0

3.GT GLOBAL CONSUMER

PROD. & SVCS. ADV. 54.5 UNITED SERVICES GOLD SHARES -22.2

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

$12,066 $11,194 $10,520 $10,168 $9,839

+0.39% -0.01% +0.11% +0.21% +0.05%

DRI/McGRAW-HILL

All data on this page are as of market close Wednesday, Sept. 25, 1996, unless

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

performance and share prices are as of market close Sept. 24. Mutual fund

returns are as of Sept. 20. Relative portfolios are valued as of Sept. 24. A

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

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