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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA lackluster week in the financial markets. The Dow Jones industrial averageand the S&P 500 both climbed on Oct. 13--Columbus Day--and Oct. 14, butfaltered on Oct. 15. On that day, stocks fell marginally--the Dow was down 38points, to 8058. Earnings concerns beset traders after Intel Corp. reportedlower-than-estimated profits. But gains in airline stocks cushioned the damage.The dollar showed little change against the major currencies, and bonds wereweakened by concern that the Federal Reserve may raise interest rates.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8058.0 -0.5 34.2

NASDAQ Combined Composite 1723.4 -1.1 37.0

S&P MidCap 400 338.8 0.1 38.3

S&P SmallCap 600 191.5 -0.2 36.8

S&P SuperComposite 1500 208.8 -0.7 37.5

% change

SECTORS Latest Week Year

Bloomberg Information Age 304.1 -1.8 40.7

S&P Financials 115.2 -1.1 55.3

S&P Utilities 206.9 0.8 7.3

PSE Technology 343.2 -0.6 49.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5263.7 0.0 29.9

Frankfurt (DAX) 4193.7 -3.5 53.7

Tokyo (NIKKEI 225) 17,331.4 -1.6 -19.1

Hong Kong (Hang Seng) 13,384.2 -9.8 7.2

Toronto (TSE 300) 7128.9 -0.9 30.1

Mexico City (IPC) 5345.2 0.8 64.4

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.56% 1.54% 2.05%

S&P 500 P/E Ratio (Last 12 mos.) 24.5 24.5 20.3

S&P 500 P/E Ratio (Next 12 mos.)* 19.2 19.5 NA

First Call Earnings Surprise* 3.41% 4.88% NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 852.6 847.2 Positive

Stocks above 200-day average 84.0% 85.0% Negative

Options: Put/call ratio 0.49 0.45 Negative

Insiders: Vickers Sell/buy ratio 3.36 3.60 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Trucking 32.4 Trucking 232.2

Invest. Banking/Brkrge. 20.8 Invest. Banking/Brkrge. 98.7

Broadcasting 15.9 Oil & Gas Drilling 85.4

Oil & Gas Drilling 14.2 Savings & Loans 79.7

Communications Equip. 13.8 Heavy-Duty Trucks 75.7

WORST-PERFORMING Last Last 12

GROUPS month% months%

Steel -8.2 Photography/Imaging -19.7

Pollution Control -5.5 Engineering & Constr. -10.1

Genl. Merchandise Chains -5.5 Gold Mining -9.8

Chemicals -4.1 Hospital Management -8.1

Specialty Appar. Retailers -3.4 Shoes -6.0

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Micron Technology 37 1/2 -2 15/16

Lockheed Martin 104 15/16 - 1/2

Atmel 35 7/16 -2 7/16

Smart Modular Technologies 64 1/2 -5 7/8

American Home Products 70 15/16 -2 5/16

Cigna 171 -19 1/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

WorldCom 36 3/4 1 15/16

Ascend Communications 33 1/16 9/16

Dell Computer 99 11 5/8

Cisco Systems 80 15/16 11 3/16

Amgen 48 3/8 15/16

3Com 53 1/4 4 5/16

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.14 5.14 4.98

90-DAY TREASURY BILLS 5.03 5.06 5.17

6-MONTH BANK CDS 5.18 5.18 5.03

1-YEAR TREASURY BILLS 5.50 5.38 5.58

10-YEAR TREASURY NOTES 6.10 5.94 6.56

30-YEAR TREASURY BONDS 6.40 6.24 6.85

LONG-TERM AA INDUSTRIALS 6.86 6.72 7.35

LONG-TERM BBB INDUSTRIALS 7.23 7.10 7.76

LONG-TERM AA TELEPHONES 7.19 7.04 7.56

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 4.64 4.56 5.22 5.14

PERCENT OF TREASURIES 76.01 75.04 81.61 80.79

TAXABLE EQUIVALENT 6.72 6.61 7.57 7.45

INSURED REVENUE BONDS 4.79 4.72 5.45 5.38

PERCENT OF TREASURIES 78.50 77.67 85.20 84.56

TAXABLE EQUIVALENT 6.94 6.84 7.90 7.80

Data: Bloomberg Financial Markets

EQUITY FUNDS

Leaders Laggards

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

Blanchard Precious Metals 16.4 Guinness Flight Asia Sm. Cap -17.6

Pioneer Gold B 14.9 DFA Japanese Small Co. -15.9

Rydex Precious Metals 14.6 Lexington Crosby Sm. Cap Asia -15.9

Am. Cent. Global Gold 14.4 Eaton Vance Grtr. China B -15.5

Fidelity Sel. Amer. Gold 14.3 United Svcs. China Reg. Op. -14.9

Leaders Laggards

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

Lexington Troika Russia 149.5 DFA Japanese Small Co. -48.8

Fidelity Sel. Energy Serv. 95.0 Bull & Bear Gold Investors -45.1

Hartford Cap. Apprec. A 87.6 United Svcs. Gold Shares -41.7

Fidelity Sel. Brokerage 80.1 Midas -38.0

Evergreen US Real Est.Eq.Y 80.0 Fontaine Global Growth -36.7

EQUITY FUND CATEGORIES

Leaders Laggards

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

Precious Metals 10.8 Pacific/Asia ex-Japan -7.6

Latin America 7.8 Diversified Pacific/Asia -3.0

Communications 6.6 Japan -1.0

Europe 6.2 Domestic Hybrid 2.1

Health 5.5 Large-cap Value 2.2

Leaders Laggards

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

Financial 52.1 Precious Metals -22.9

Latin America 46.5 Japan -11.0

Small-cap Value 42.2 Diversified Pacific/Asia -7.3

Real Estate 39.7 Pacific/Asia ex-Japan -6.6

Small-cap Blend 38.2 International Hybrid 14.0

All data are as of market close Wednesday, Oct. 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 Oct. 14. For a more detailed explanation, write to us or E-mail

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

Data: Morningstar, Inc.

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