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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA strong week in the U.S. equity markets. Upbeat earnings news at financial,airline, and energy companies buoyed the market, as did continued expectationsof muted inflation. The Dow Jones industrial average rose 60 points to a recordhigh of 6770 on Jan. 14--its sixth gain in seven days. Traders were cheered byword that consumer prices rose at a lower-than-expected rate. But the marketgave back some of its gains on Jan. 15, as downbeat earnings forecasts forIntel Corp. put a damper on computer stocks.

% change

U.S. MARKETS Latest Week 52-week

Dow Jones Industrials 6726.9 2.7 33.4

NASDAQ Combined Composite 1333.5 1.0 34.9

S&P MidCap 400 262.0 1.5 26.0

S&P SmallCap 600 147.8 1.2 28.0

S&P SuperComposite 1500 165.2 2.3 27.7

% change

SECTORS Latest Week 52-week

Bloomberg Information Age 240.3 2.7 31.4

S&P Financials 84.7 3.3 42.2

S&P Utilities 202.7 1.4 0.8

PSE Technology 256.1 2.4 40.1

% change

FOREIGN MARKETS Latest Week 52-week

London (FT-SE 100) 4158.9 1.7 13.5

Frankfurt (DAX) 2988.5 2.8 26.7

Tokyo (NIKKEI 225) 18,093.1 -3.1 -10.8

Hong Kong (Hang Seng) 13,766.7 2.3 29.5

Toronto (TSE 300) 6065.3 2.3 28.0

Mexico City (IPC) 3728.0 4.8 28.2

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.88% 1.92% 2.27%

S&P 500 P/E Ratio (Last 12 mos.) 21.6 21.2 17.1

S&P 500 P/E Ratio (Next 12 mos.)* 16.5 16.1 NA

First Call Earnings Surprise* 4.59% 1.92% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 685.5 682.2 Positive

Stocks above 200-day average 72.0% 69.0% Negative

Options: Put/call ratio 0.51 0.52 Negative

Insiders: Vickers Sell/buy ratio 1.85 1.85 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling 23.5 Gold Mining -8.3

Oil-Well Equip. & Svces.16.0 Toys -5.4

Soft Drinks 14.2 Specialty Appar. Retailers -5.3

Shoes 14.0 Specialty Retailers -4.6

Hardware & Tools 12.1 Manufactured Housing -4.3

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling 162.7 Trucking -24.9

Semiconductors 95.7 Broadcasting -21.7

Shoes 78.7 Gold Mining -17.1

Personal Loans 64.4 Machine Tools -12.4

Oil-Well Equip. & Svces.62.5 Steel -7.6

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Micron Technology 33 -1 3/4

Novell 9 7/8 -1/8

Time Warner 37 3/4 -1/2

PacifiCare Health Systems 74 -9

Adobe Systems 38 3/4 -1/4

Ross Stores 45 5/8 -3 11/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 147 1/8 19 7/8

Microsoft 85 3/8 8 5/8

Oracle 43 1/4 11/16

Cisco Systems 72 1/8 8 3/4

Worldcom 26 7/8 3 1/8

Dell Computer 65 3/8 11

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.95 4.98 5.17

90-DAY TREASURY BILLS 5.13 5.16 5.14

6-MONTH BANK CDS 5.01 5.01 4.91

1-YEAR TREASURY BILLS 5.55 5.61 5.06

10-YEAR TREASURY NOTES 6.52 6.60 5.66

30-YEAR TREASURY BONDS 6.79 6.83 6.09

LONG-TERM AA INDUSTRIALS 7.28 7.33 6.67

LONG-TERM BBB INDUSTRIALS 7.70 7.80 7.10

LONG-TERM AA TELEPHONES 7.49 7.54 7.02

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 4.89% 4.85% 5.53% 5.49%

PERCENT OF TREASURIES 75.05 73.62 81.46 80.24

TAXABLE EQUIVALENT 7.09 7.03 8.01 7.96

INSURED REVENUE BONDS 5.01 4.98 5.77 5.74

PERCENT OF TREASURIES 76.89 75.59 84.99 83.89

TAXABLE EQUIVALENT 7.26 7.22 8.36 8.32

EQUITY FUNDS

Leaders Laggards

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

Vontobel Eastern Europ. Eq. 18.9 DFA Japanese Small Co. -13.5

Pioneer India A 15.6 Capstone Nikko Japan -10.4

Morgan Stanley Em. Mkts. B 15.5 Fidelity Japan Small Co. -10.0

Lexington Troika Russia 15.2 Dean Witter Japan -9.5

American Heritage 14.8 Franklin Templeton Japan -9.3

Leaders Laggards

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

State St. Res. Glob. Res. A 84.7 United Svcs. Gold Shares -37.9

Interactive Inv. Tech Value 82.0 Fidelity Japan Small Co. -28.3

PBHG Technology & Commun. 77.1 Matthews Korea -28.3

Portico MicroCap Instl. 74.3 DFA Japanese Small Co. -28.3

Fidelity Sel. Energy Serv. 63.5 Lexington Strat. Invmnts. -27.1

EQUITY FUND OBJECTIVES

Leaders Laggards

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

Diversified Emerging Market 9.6 Specialty-Precious Metals -3.0

Specialty-Natural Resources 7.6 Pacific 0.9

Specialty-Technology 7.4 Multiasset Global 2.4

Specialty-Real Estate 6.7 Balanced 3.2

Maximum Growth 6.3 Asset Allocation 3.3

Leaders Laggards

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

Specialty-Natural Resources 36.5 Specialty-Precious Metals -7.6

Specialty-Technology 36.2 Pacific 1.5

Specialty-Real Estate 35.0 Foreign 11.8

Specialty-Financial 34.2 Diversified Emerging 12.6

Market

Growth and Income 27.5 Specialty-Utilities 12.7

All data are as of market close Wednesday, Jan. 15, 1997, 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 Jan. 14. 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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