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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYConcerns that slower economic growth overseas could drag down corporate profitsin the U.S. kept markets jittery. But the Dow Jones industrial average gained2.5% and the Standard & Poor's 500-stock index rose 2.6% as the markets--andinvestors--recovered from the shock of Oct. 27. The week's stunner came on Nov.3, when the Dow jumped 232 points, or 3.1%. Among equity mutual funds, thePrudent Bear fund's short positions in tech and consumer debt stocks helpedkeep it the leader in four-week total return (see below).

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7692.6 2.5 24.5

NASDAQ Combined Composite 1637.3 2.2 33.2

S&P MidCap 400 327.1 2.9 33.9

S&P SmallCap 600 184.6 2.7 35.2

S&P SuperComposite 1500 203.5 2.6 32.3

% change

SECTORS Latest Week Year

Bloomberg Information Age 289.6 2.7 35.4

S&P Financials 113.2 2.1 43.5

S&P Utilities 207.3 0.7 3.6

PSE Technology 317.6 4.6 43.6

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4908.3 0.7 24.7

Frankfurt (DAX) 3866.7 2.0 41.7

Tokyo (NIKKEI 225) 16,448.1 -2.4 -21.6

Hong Kong (Hang Seng) 10,681.8 -0.8 -14.6

Toronto (TSE 300) 6976.6 1.9 23.2

Mexico City (IPC) 4823.7 0.6 46.8

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.62 % 1.65 % 1.99 %

S&P 500 P/E Ratio (Last 12 mos.) 23.4 23.0 20.1

S&P 500 P/E Ratio (Next 12 mos.)* 18.6 18.3 NA

First Call Earnings Revision* -1.63 % -1.81 % NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 866.0 862.3 Positive

Stocks above 200-day average 73.0 % 70.0 % Negative

Options: Put/call ratio 0.67 0.69 Neutral

Insiders: Vickers Sell/buy ratio 3.43 3.45 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Toys 13.5 Trucking 183.0

Oil-Well Equip. & Svcs. 9.7 Oil & Gas Drilling 93.3

Airlines 9.5 Invest. Banking/Brkrge. 87.3

Broadcasting 9.0 Oil-Well Equip. & Svcs. 83.6

Drugs 8.6 Homebuilding 81.4

WORST-PERFORMING Last Last 12

GROUPS month% months%

Engineering & Constr. -28.3 Engineering & Constr. -36.0

Gold Mining -20.8 Gold Mining -24.7

Pollution Control -20.4 Photography/Imaging -20.8

Semiconductors -16.9 Metals -12.6

Forest Products -13.7 Pollution Control -10.0

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Telebras-ADR 114 1/16 -29 9/16

Microsoft 134 1/4 -7/8

Citicorp 131 -8

IBM 101 15/16 -2 7/8

Chase Manhattan 118 15/16 -6

Salomon 81 9/16 -3/4

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 83 7/16 3 7/8

Amgen 53 3/16 5 1/2

Immunex 71 1/2 5 3/8

Tellabs 56 3/8 1 1/4

Ciena 57 1/4 2 1/4

Linear Technology 67 3/4 2 1/4

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.14 5.14 4.96

90-DAY TREASURY BILLS 5.25 5.19 5.17

6-MONTH BANK CDS 5.18 5.19 5.02

1-YEAR TREASURY BILLS 5.40 5.35 5.43

10-YEAR TREASURY NOTES 5.92 5.91 6.28

30-YEAR TREASURY BONDS 6.23 6.23 6.60

LONG-TERM AA INDUSTRIALS 6.78 6.75 7.06

LONG-TERM BBB INDUSTRIALS 7.18 7.12 7.50

LONG-TERM AA TELEPHONES 7.08 7.01 7.26

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 4.57% 4.56% 5.15% 5.14%

PERCENT OF TREASURIES 77.32 77.50 82.78 82.82

TAXABLE EQUIVALENT 6.62 6.61 7.46 7.45

INSURED REVENUE BONDS 4.74 4.70 5.40 5.36

PERCENT OF TREASURIES 80.19 79.88 86.80 86.36

TAXABLE EQUIVALENT 6.87 6.81 7.83 7.77

EQUITY FUND CATEGORIES

Leaders Laggards

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

Prudent Bear 7.5 Wright EquiFund-Hong Kong -28.7

Gintel 4.6 Fidelity Hong Kong & China -28.4

Rydex Ursa 3.8 Guinness Flight China -25.1

DFA Japanese Small Co. 3.6 Montgomery Emerg. Asia R -25.0

Fidelity Sel. Energy Service 3.0 Eaton Vance Grtr. China B -24.0

Leaders Laggards

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

Lexington Troika Russia 106.1 U.S. Global Investors Gold -52.4

Fidelity Sel. Energy Service 94.9 Bull & Bear Gold Investors -49.3

Hartford Capital Apprec. A 82.2 Midas -47.4

Fidelity Select Brokerage 71.5 Morgan Stan. Instl. Gold A -46.6

American Heritage 71.2 Gabelli Gold -44.5

Leaders Laggards

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

Utilities -2.2 Pacific/Asia ex-Japan -17.5

Domestic Hybrid -2.6 Latin America -15.4

Small-cap Value -3.4 Precious Metals -14.9

Financial -3.6 Diversified Pacific/Asia -12.0

Mid-cap Value -3.8 Diversified Emerging Mkts. -11.9

Leaders Laggards

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

Financial 44.7 Precious Metals -33.1

Small-cap Value 37.9 Pacific/Asia ex-Japan -20.8

Small-cap Blend 34.7 Diversified Pacific/Asia -16.0

Real Estate 33.9 Japan -12.1

Mid-cap Value 33.2 Diversified Emerging Markets 6.3

All data are as of market close Wednesday, Nov. 5, 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 Nov. 4. 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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