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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYStocks continued to show strength in shortened holiday trading. But the actionwas again concentrated in the big- cap issues, with the Dow Jones industrialshitting another record. The sharp 13-point sell-off in Computer Associates onDec. 27, in the wake of its announcement that revenues would fall short ofStreet estimates, took the wind out of the computer group. And we may see someselling there in the week ahead. Bonds rallied on signs that Christmas salesfell short of expectations.

% change

U.S. MARKETS Latest Week 52-week

Dow Jones Industrials 6549.4 0.4 28.0

NASDAQ Combined Composite 1287.8 0.0 22.4

S&P MidCap 400 255.4 1.1 17.2

S&P SmallCap 600 144.6 0.8 19.4

S&P SuperComposite 1500 162.2 0.5 21.7

% change

SECTORS Latest Week 52-week

Bloomberg Information Age 233.5 1.4 21.3

S&P Financials 84.1 0.6 35.7

S&P Utilities 200.8 0.6 -0.9

PSE Technology 243.8 -0.9 19.7

% change

FOREIGN MARKETS Latest Week 52-week

London (FT-SE 100) 4115.7 0.6 11.6

Frankfurt (DAX) 2888.7 1.5 28.2

Tokyo (NIKKEI 225) 19,361.4 1.0 -2.6

Hong Kong (Hang Seng) 13,480.8 1.0 33.8

Toronto (TSE 300) 5954.3 1.5 26.3

Mexico City (IPC) 3347.0 1.5 20.5

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.90% 1.95% 2.21%

S&P 500 P/E Ratio (Last 12 mos.) 21.2 20.8 17.6

S&P 500 P/E Ratio (Next 12 mos.)* 16.4 16.2 NA

First Call Earnings Revision* -0.06% -0.22% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 679.3 677.6 Positive

Stocks above 200-day average 65.0% 62.0% Neutral

Options: Put/call ratio 0.51 0.60 Negative

Insiders: Vickers Sell/buy ratio 1.80 1.83 Positive

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.95 4.94 NA

90-DAY TREASURY BILLS 5.14 5.02 5.10

6-MONTH BANK CDS 5.26 5.26 5.17

1-YEAR TREASURY NOTES 5.43 5.49 5.18

10-YEAR TREASURY BONDS 6.30 6.35 5.58

30-YEAR TREASURY BONDS 6.54 6.59 5.96

LONG-TERM AA INDUSTRIALS 7.05 7.12 6.58

LONG-TERM BBB INDUSTRIALS 7.51 7.58 6.96

LONG-TERM AA TELEPHONES 7.24 7.29 6.90

BEST-PERFORMING Last Last 12

GROUPS month% months%

Defense Electronics 13.0 Oil & Gas Drillling 110.9

Tobacco 10.0 Shoes 69.0

Long-Dist. Telecomm. 8.2 Semiconductors 58.3

Shoes 8.1 Computer Software 50.8

Machine Tools 6.8 Personal Loans 50.7

WORST-PERFORMING Last Last 12

GROUPS month% months%

Hardware & Tools -9.2 Trucking -32.2

Manufactured Housing -9.0 Machine Tools -18.1

Toys -8.5 Broadcasting -17.3

Health-Care Services -8.0 Steel -11.2

Leisure Time -7.1 HMOs -8.2

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 155 1/8 -7 7/8

Texas Instrument 64 1/8 -1 1/2

Apple Computer 23 1/8 -2

Compaq Computer 75 1/8 -5 3/8

Caterpillar 76 3/4 -2 1/4

Paccar 67 11/16 -1/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 84 1/4 5 3/8

Intel 135 3/8 8 1/4

Dell Computer 55 15/16 3 1/2

Worldcom 24 7/8 1 5/8

Eli Lilly 75 3/8 3/4

Zitel 61 1/4 37 1/2

BLOOMBERG MUNI YIELD EQUIVALENTS

Taxable equivalent yields on AAA-rated, tax-exempt municipal bonds,

assuming a 31% federal tax rate.

10-yr. bond 30-yr. bond

Latest Last Latest Last

week week week week

GENERAL OBLIGATIONS 4.72% 4.78% 5.36% 5.42%

PERCENT OF TREASURIES 74.95 75.57 81.97 82.4

TAXABLE EQUIVALENT 6.84 6.93 7.77 7.86

INSURED REVENUE BONDS 4.87 4.91 5.63 5.67

PERCENT OF TREASURIES 77.34 77.63 86.10 86.28

TAXABLE EQUIVALENT 7.06 7.12 8.16 8.22

EQUITY FUNDS

Leaders Laggards

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

Cohen & Steers Realty Sh. 10.4 Matthews Korea -12.6

GT Global Health Care A 9.9 DFA Japanese Small Comp. -12.3

Delaware Pool Real Estate 9.7 Premier Strat. Growth A -10.2

Vanguard Spec. REIT Index 9.6 Steadman Technology Grth. -9.1

Van Kampen Real Estate A 9.4 Fidelity Japan Small Co. -8.6

Leaders Laggards

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

State St. Res. Glob. Res. A 72.6 Matthews Korea -31.9

Interactive Inv. Tech Val. 62.4 Steadman Technology Grth. -30.4

Portico MicroCap Instl. 56.6 United Svcs. Gold Shares -26.4

PBHG Technology & Commun. 54.3 Fidelity Japan Small Co. -24.6

Fidelity Sel. Energy Serv. 52.1 DFA Japanese Small Co. -23.0

EQUITY FUND OBJECTIVES

Leaders Laggards

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

Specialty-Real Estate 7.5 Pacific -1.8

Specialty-Health 2.2 Aggressive Growth -1.8

Specialty-Utilities 1.4 Specialty-Technology -1.6

Diversified Emerging Market 0.8 Specialty-Precious Metals -1.6

Specialty-Natural Resources 0.6 Specialty-Communication -1.1

Leaders Laggards

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

Specialty-Natural Resources 32.7 Pacific 5.4

Specialty-Real Estate 32.2 Specialty-Precious Metals 7.3

Specialty-Financial 29.6 Specialty-Communication 7.7

Growth and Income 23.0 Specialty-Utilities 11.4

Europe 22.3 Diversified Emerging Market 11.4

All data are as of market close Monday, Dec. 30, 1996, unless otherwise

indicated. Industry groups include S&P 500 companies only. Fundamentals,

technical indicators, Bloomberg money flow analysis, and mutual fund returns

are as of Dec. 29. For a more detailed explanation, write to us or E-mail

figures@businessweek.com NA=Not available **Vanguard Index 500 Fund

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