Businessweek Archives

Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYThe stock market's torrid runup finally gave way as the yield on the longTreasury bond jumped to nearly 7% before easing back. The Dow Jones industrialsshed nearly 200 points, or 2.8%, in four days even in the face of strongearnings reports. The average equity mutual fund trails the S&P 500 so far thisyear, but large-cap growth funds are beating the index. That's unusual assmall-cap stocks tend to lead January rallies. Japanese stocks, which have beenpummeled so far this year, rebounded for the week, ending with a 1.8% gain.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 6740.7 -1.6 27.1

NASDAQ Combined Composite 1355.2 -2.4 30.0

S&P MidCap 400 261.1 -2.0 20.4

S&P SmallCap 600 146.3 -1.2 21.9

S&P SuperComposite 1500 166.0 -1.8 23.3

% change

SECTORS Latest Week Year

Bloomberg Information Age 243.9 -1.7 23.7

S&P Financials 86.3 -1.7 37.7

S&P Utilities 199.2 -2.8 -1.4

PSE Technology 261.6 -1.4 29.4

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4207.5 -0.3 12.7

Frankfurt (DAX) 2999.2 -1.0 22.6

Tokyo (NIKKEI 225) 18,335.3 1.8 -10.9

Hong Kong (Hang Seng) 13,285.4 -3.0 20.1

Toronto (TSE 300) 6071.3 0.2 22.7

Mexico City (IPC) 3631.6 -2.1 17.6

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.89% 1.85% 2.14%

S&P 500 P/E Ratio (Last 12 mos.) 20.2 21.8 18.1

S&P 500 P/E Ratio (Next 12 mos.)* 16.3 16.7 NA

First Call Earnings Surprise* 2.11% 2.63% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 691.4 688.7 Positive

Stocks above 200-day average 70.0% 2.0% Neutral

Options: Put/call ratio 0.58 0.48 Negative

Insiders: Vickers Sell/buy ratio 1.81 1.89 Positive

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.95 4.96 5.13

90-DAY TREASURY BILLS 5.17 5.18 5.17

6-MONTH BANK CDS 5.02 5.02 4.80

1-YEAR TREASURY BILLS 5.55 5.60 5.05

10-YEAR TREASURY NOTES 6.62 6.56 5.69

30-YEAR TREASURY BONDS 6.91 6.83 6.09

LONG-TERM AA INDUSTRIALS 7.39 7.32 6.68

LONG-TERM BBB INDUSTRIALS 7.82 7.74 7.07

LONG-TERM AA TELEPHONES 7.61 7.52 7.04

BEST-PERFORMING Last Last 12

GROUPS month% months%

Hardware & Tools 14.4 Oil & Gas Drilling 111.2

Semiconductors 12.6 Semiconductors 92.7

Hotels & Motels 10.3 Shoes 86.4

Engineering & Constr. 9.7 Personal Loans 55.1

Pollution Control 9.0 Computer Software 51.7

WORST-PERFORMING Last Last 12

GROUPS month% months%

Specialty Appar. Retailers -11.0 Broadcasting -20.6

Specialty Retailers -7.9 Trucking -19.8

Manufactured Housing -6.3 Gold Mining -19.2

Department Stores -4.7 Steel -12.7

Oil Exploration & Prod. -4.7 Restaurants -9.3

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 150 3/4 -2 7/8

Caterpillar 75 3/4 - 1/4

Bell Atlantic 65 5/8 -1 3/8

Ameritech 57 1/8 -4 1/8

Berkshire Hathaway 33,900 -500

Royal Dutch Petroleum 170 1/4 -1 7/8

Intel 151 17 3/4

Microsoft 95 5/8 12 1/8

Cisco Systems 68 7/8 4

Sun Microsystems 32 1/4 6 1/8

Amgen 55 3/4 5/8

Republic Industries 41 1/8 12 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 4.94% 4.91% 5.54% 5.51%

PERCENT OF TREASURIES 74.60 74.98 80.16 80.71

TAXABLE EQUIVALENT 7.16 7.12 8.03 7.99

INSURED REVENUE BONDS 5.06 5.04 5.79 5.76

PERCENT OF TREASURIES 76.41 76.96 83.78 84.37

TAXABLE EQUIVALENT 7.33 7.30 8.39 8.35

EQUITY FUNDS

Leaders Laggards

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

Lexington Troika Russia 24.0 Capstone Nikko Japan -10.2

Vontobel Eastern Europ. Eq. 18.5 Dean Witter Japan -10.2

American Heritage 14.3 Warburg Japan OTC Comm. -10.2

Merrill Mid. East/Africa B 12.8 DFA Japanese Small Co. -10.0

Federated Emerging Mkt. A 12.2 Fidelity Japan Small Co. -9.9

Leaders Laggards

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

State St. Res. Glob. Res. A 79.3 United Svcs. Gold Shares -43.4

Interactive Inv. Tech Value 70.2 Steadman Technology Grth. -33.6

Portico MicroCap Instl. 69.2 Matthews Korea -32.1

PBHG Technology & Commun. 63.5 Fidelity Japan Small Co. -31.0

Warburg Small Co. Val. Com. 60.4 DFA Japanese Small Co. -30.4

EQUITY FUND CATEGORIES

Leaders Laggards

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

Latin America 7.6 Japan -8.0

Diversified Emerging Markets 7.5 Precious Metals -2.9

Technology 5.0 Diversified Pacific -2.1

Large-cap Growth 3.5 Foreign -0.7

Financial 3.3 Real Estate 0.5

Leaders Laggards

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

Real Estate 33.8 Japan -18.0

Financial 32.0 Precious Metals -10.8

Natural Resources 31.3 Diversified Pacific -1.5

Technology 28.6 Pacific ex-Japan 6.4

Small-cap Value 25.0 Foreign 9.8

All data are as of market close Wednesday, Jan. 29, 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. 28. For a more detailed explanation, write to us or E-mail

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

Return to top


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus