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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA record-shattering week on Wall Street, which saw the major market indexesrise to all-time highs on Feb. 12. On that day, the Standard & Poor's 500-stockindex climbed 13 points to close at 803, piercing the 800 mark for the firsttime, and the Dow Jones industrial average climbed 103 points to close at 6962,also a record. Strong earnings expectations propelled the market. But the bondmarket was tepid, as investors showed lackluster demand for 10-year Treasurynotes at the auction on Feb. 12.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 6961.6 3.2 24.3

NASDAQ Combined Composite 1359.0 0.8 24.1

S&P MidCap 400 265.7 1.6 17.0

S&P SmallCap 600 146.0 -0.1 17.8

S&P SuperComposite 1500 171.9 2.9 20.8

% change

SECTORS Latest Week Year

Bloomberg Information Age 249.4 2.7 18.1

S&P Financials 92.5 4.2 37.6

S&P Utilities 200.0 1.3 -6.5

PSE Technology 262.6 2.3 21.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4304.3 0.5 15.5

Frankfurt (DAX) 3216.1 3.8 32.5

Tokyo (NIKKEI 225) 18,410.0 1.2 -12.1

Hong Kong (Hang Seng) 13,462.6 -1.4 19.6

Toronto (TSE 300) 6165.4 0.9 22.1

Mexico City (IPC) 3802.6 4.1 28.9

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.84 % 1.84 % 2.10 %

S&P 500 P/E Ratio (Last 12 mos.) 20.6 20.6 18.9

S&P 500 P/E Ratio (Next 12 mos.)* 16.7 16.6 NA

First Call Earnings Revision* -0.41 % -0.2 % NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 698.1 694.8 Positive

Stocks above 200-day average 70.0 % 71.0 % Neutral

Options: Put/call ratio 0.62 0.54 Positive

Insiders: Vickers Sell/buy ratio 1.76 1.78 Positive

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.95 4.96 5.02

90-DAY TREASURY BILLS 5.13 5.13 4.93

6-MONTH BANK CDS 5.03 5.03 4.63

1-YEAR TREASURY BILLS 5.49 5.53 4.80

10-YEAR TREASURY NOTES 6.41 6.47 5.61

30-YEAR TREASURY BONDS 6.70 6.75 6.05

LONG-TERM AA INDUSTRIALS 7.17 7.22 6.62

LONG-TERM BBB INDUSTRIALS 7.51 7.59 7.02

LONG-TERM AA TELEPHONES 7.39 7.45 6.96

BEST-PERFORMING Last Last 12

GROUPS month% months%

Savings & Loans 16.6 Shoes 98.0

Shoes 16.4 Semiconductors 81.8

Defense Electronics 15.6 Oil & Gas Drilling 71.1

Money Center Banks 15.3 Money Center Banks 51.8

Trucking 15.0 Personal Loans 49.6

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -14.9 Gold Mining -20.4

Oil Exploration & Prod. -13.4 Broadcasting -17.6

Communications Equip. -7.1 Trucking -17.4

Oil-Well Equip. & Svcs. -5.7 Steel -15.7

Aluminum -4.8 Restaurants -14.6

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 145 1/4 -18 5/8

Motorola 63 1/2 -2 1/4

Ascend Communications 60 3/8 -8 1/8

Exxon 101 5/8 -1 1/2

Read-Rite 26 3/8 -2 7/8

Caterpillar 79 1/8 - 1/4

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 151 3/4 4 7/8

Microsoft 98 1/2 14 3/4

Sun Microsystems 33 3/8 5 5/8

Amgen 56 5/8 3 5/8

Republic Industries 36 1/8

Dell Computer 63 5/8 2 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 4.81% 4.88% 5.41% 5.48%

PERCENT OF TREASURIES 75.03 75.53 80.67 81.20

TAXABLE EQUIVALENT 6.97 7.07 7.84 7.94

INSURED REVENUE BONDS 4.92 4.99 5.64 5.72

PERCENT OF TREASURIES 76.75 77.26 84.09 84.76

TAXABLE EQUIVALENT 7.13 7.23 8.17 8.29

EQUITY FUNDS

Leaders Laggards

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

American Heritage 32.3 GT Glob. Natural Res. A -14.8

Lexington Troika Russia 23.4 Fidelity Sel. Natural Gas -14.6

Merrill Mid. East/Africa A 11.4 Van Wagoner Emerging Gr. -13.0

Vontobel Eastern Europ. Eq. 0.2 Van Wagoner Mid-Cap -10.6

Fidelity Sel. Brokerage 9.5 Pin Oak Aggressive Stock -10.6

Leaders Laggards

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

State St. Res. Glob. Res. A 63.4 United Svcs. Gold Shares -44.7

Interactive Inv. Tech Val. 58.0 Steadman Technology Grth. -38.7

Portico MicroCap Instl. 55.1 DFA Japanese Small Co. -35.3

Warburg Small Co. Val. Com. 51.1 Fidelity Japan Small Co. -32.0

Oakmark Small Cap 49.4 Van Eck Intl. Inv. Gold A -30.2

EQUITY FUND CATEGORIES

Leaders Laggards

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

Financial 5.4 Natural Resources -6.0

Latin America 4.7 Technology -4.7

Diversified Emerging Markets 4.1 Small-cap Growth -3.7

Health 3.7 Japan -3.0

Large-cap Blend 1.9 Mid-cap Growth -2.1

Leaders Laggards

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

Real Estate 32.8 Japan -19.5

Financial 32.5 Precious Metals -16.9

Latin America 24.4 Diversified Pacific -2.3

Europe 23.7 Communications 3.7

Natural Resources 21.7 Pacific ex-Japan 4.8

All data are as of market close Wednesday, Feb. 12, 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 Feb. 11. 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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