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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA discouraging week in the financial markets. The Dow Jones industrial averageclimbed to 7038 on Feb. 25, only to plunge on Feb. 26 in reaction to commentsby Federal Reserve Chairman Alan Greenspan. After the Fed chairman warned thatthe Federal Reserve might boost rates to head off inflation, the Dow fell 122points. The market recovered, ending the day down 55 points, at 6983. Bondprices sustained their biggest losses since July in the wake of the Greenspanremarks.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 6983.2 0.8 25.8

NASDAQ Combined Composite 1340.6 -0.5 21.2

S&P MidCap 400 266.4 0.1 16.2

S&P SmallCap 600 146.0 -1.8 16.4

S&P SuperComposite 1500 172.5 -0.9 22.7

% change

SECTORS Latest Week Year

Bloomberg Information Age 247.4 -0.9 18.2

S&P Financials 94.2 -1.7 40.8

S&P Utilities 196.6 -1.4 -0.8

PSE Technology 265.1 -1.5 21.2

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4329.3 -0.6 16.5

Frankfurt (DAX) 3237.9 1.3 32.4

Tokyo (NIKKEI 225) 18,990.9 -0.3 -5.0

Hong Kong (Hang Seng) 13,541.8 1.0 20.9

Toronto (TSE 300) 6201.4 -0.1 25.2

Mexico City (IPC) 3890.2 0.4 31.6

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.79% 1.78% 2.15%

S&P 500 P/E Ratio (Last 12 mos.) 21.2 21.4 18.7

S&P 500 P/E Ratio (Next 12 mos.)* 17.2 17.2 NA

First Call Earnings Revision* -0.71% -0.34% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 705.5 701.4 Positive

Stocks above 200-day average 72.0% 73.0% Negative

Options: Put/call ratio 0.59 0.58 Negative

Insiders: Vickers Sell/buy ratio 1.79 1.78 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Savings & Loans 23.5 Shoes 121.7

Leisure Time 14.8 Savings & Loans 72.8

Genl. Merchandise Chains 14.5 Semiconductors 69.1

Invest. Banking/Brkrge. 13.9 Oil & Gas Drilling 58.5

Trucking 13.7 Money Center Banks 51.5

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -15.5 Broadcasting -26.3

Communications Equip. -12.8 Machine Tools -20.1

Oil Exploration & Prod. -12.1 Gold Mining -19.4

Oil-Well Equip. & Svcs. -6.6 Trucking -17.2

Engineering & Constr. -5.0 Steel -11.7

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Motorola 57 3/8 -7 3/8

ITT 57 1/4 -1 1/4

Tele-Communications 13 -13/16

Heftel Broadcasting 40 7/8 -3 5/8

Conrail 104 1/2 -1 5/8

WMX Technologies 33 3/8 -1 3/8

Microsoft 99 1/2 3 3/8

Oracle 40 7/8 2 3/4

Amgen 62 7/8 7 15/16

Sun Microsystems 32 3/4 1 1/2

Worldcom 26 5/8 3/4

Gateway 2000 61 1/4 5/8

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.95 4.96 4.93

90-DAY TREASURY BILLS 5.18 5.11 4.98

6-MONTH BANK CDS 5.01 5.01 4.63

1-YEAR TREASURY BILLS 5.59 5.46 5.05

10-YEAR TREASURY NOTES 6.53 6.30 6.01

30-YEAR TREASURY BONDS 6.78 6.57 6.45

LONG-TERM AA INDUSTRIALS 7.28 6.99 7.06

LONG-TERM BBB INDUSTRIALS 7.61 7.39 7.47

LONG-TERM AA TELEPHONES 7.48 7.27 7.36

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 4.84% 4.75% 5.44% 5.35%

PERCENT OF TREASURIES 74.17 75.36 80.32 81.39

TAXABLE EQUIVALENT 7.01 6.88 7.88 7.75

INSURED REVENUE BONDS 4.91 4.82 5.63 5.54

PERCENT OF TREASURIES 75.24 76.47 83.13 84.28

TAXABLE EQUIVALENT 7.12 6.99 8.16 8.03

EQUITY FUNDS

Leaders Laggards

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

American Heritage 21.9 Van Wagoner Emerging Gr. -12.2

Lexington Troika Russia 21.4 Fidelity Sel. Natural Ga -12.0

Morg. Stn. Inst. Lat. Am. A 13.3 Calvert Strat. Growth C -10.3

Morgan Stan. Latin Am. A 13.2 Van Wagoner Micro-Cap -9.5

Merrill Latin America A 11.9 OVB Emerging Growth A -9.5

Leaders Laggards

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

Vontobel Eastern Europ. Eq. 84.7 Steadman Technology Grth. -41.7

State St. Res. Glob. Res. A 58.6 United Svcs. Gold Shares -34.3

Interactive Inv. Tech Val. 56.1 Matthews Korea -31.8

Morg. Stanley Inst. Lat. Am. A 54.1 DFA Japanese Small Co. -31.1

Morgan Stanley Latin Am. A 53.0 Fidelity Japan Small Co -30.3

EQUITY FUND CATEGORIES

Leaders Laggards

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

Latin America 10.9 Small-cap Growth -3.4

Financial 8.6 Natural Resources -2.1

Precious Metals 7.9 Technology -1.3

Health 5.4 Mid-cap Growth -0.3

Leaders Laggards

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

Diversified Emerging Markets 5.1 Small-cap Blend 0.1

Financial 36.8 Japan -15.3

Latin America 33.8 Precious Metals -7.2

Real Estate 33.0 Diversified Pacific -0.3

Europe 23.0 Pacific ex-Japan 4.4

Small-cap Value 22.1 Communications 5.4

All data are as of market close Wednesday, Feb. 26, 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. 25. 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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