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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

STOCKSCOMMENTARYJapanese stocks went into a tailspin on Nov. 19--a 5% decline that was theworst one-day drop in three years. Traders were reacting to word that thegovernment would not spend money to support the nation's financialinstitutions. The dollar surged, but U.S. markets shrugged off the woes inJapan. Expectations of still more merger activity sent the Dow climbing 74points on Nov. 19, which followed a 126-point gain on Nov. 17. Falling rateshelped spur the rally on Nov. 19.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7724.7 4.4 20.1

NASDAQ Combined Composite 1601.2 3.9 26.6

S&P MidCap 400 319.1 2.3 25.8

S&P SmallCap 600 178.5 1.5 26.6

S&P SuperComposite 1500 203.0 3.9 26.8

% change

SECTORS Latest Week Year

Bloomberg Information Age 293.6 6.8 28.6

S&P Financials 112.2 5.3 36.4

S&P Utilities 212.7 2.3 5.1

PSE Technology 303.1 5.0 26.6

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4830.1 2.3 21.9

Frankfurt (DAX) 3834.8 4.8 38.2

Tokyo (NIKKEI 225) 15,842.5 2.6 -25.2

Hong Kong (Hang Seng) 10,154.4 5.7 -22.9

Toronto (TSE 300) 6719.3 1.1 12.6

Mexico City (IPC) 4679.2 7.9 39.3

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.63 % 1.65 % 1.95 %

S&P 500 P/E Ratio (Last 12 mos.) 23.7 23.1 20.5

S&P 500 P/E Ratio (Next 12 mos.)* 18.6 18.2 16.2

First Call Earnings Revision* -1.47 % -1.65 % NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 873.5 870.0 Positive

Stocks above 200-day average 69.0 % 70.0 % Neutral

Options: Put/call ratio 0.69 0.68 Neutral

Insiders: Vickers Sell/buy ratio 2.81 3.34 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Drug Chains 16.3 Trucking 136.8

Specialty Appar. Retailers 11.7 Homebuilding 66.9

Genl. Merchandise Chains 11.2 Invest. Banking/Brkrge. 66.8

Regional Telephone Cos. 9.8 Savings & Loans 66.7

Entertainment 9.8 Specialty Appar. Retailers 64.3

WORST-PERFORMING Last Last 12

GROUPS month% months%

Engineering & Constr. -29.9 Engineering & Constr. -41.6

Gold Mining -25.5 Gold Mining -37.6

Metals -16.5 Photography/Imaging -27.7

Trucking -16.2 Metals -25.0

Pollution Control -13.3 Manufactured Housing -17.2

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Telebras-ADR 99 -45 5/8

Wells Fargo 286 7/8 -4 13/16

Citicorp 122 1/8 -16 3/4

Texas Instruments 98 5/8 -23 1/4

Salomon 81 1/8 -1/16

Merck 90 5/8 -4 1/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 82 5/16 7/8

Oracle 34 3/4 1/4

Philip Morris 42 1/16 1 3/8

Amgen 52 1/4 5 3/8

Coca-Cola 59 3/4 15/16

Sears Roebuck 46 13/16 1 3/16

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.16 5.15 4.94

90-DAY TREASURY BILLS 5.26 5.30 5.17

6-MONTH BANK CDS 5.19 5.19 5.03

1-YEAR TREASURY BILLS 5.44 5.43 5.40

10-YEAR TREASURY NOTES 5.82 5.89 6.17

30-YEAR TREASURY BONDS 6.03 6.13 6.44

LONG-TERM AA INDUSTRIALS 6.68 6.71 6.96

LONG-TERM BBB INDUSTRIALS 7.00 7.08 7.39

LONG-TERM AA TELEPHONES 6.88 6.97 7.13

Data: Bloomberg Financial Markets; *First Call Corp.

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

BLOOMBERG MUNI YIELD

GENERAL OBLIGATIONS 4.56% 4.56% 5.14% 5.14%

PERCENT OF TREASURIES 78.44 78.04 85.20 84.31

TAXABLE EQUIVALENT 6.61 6.61 7.45 7.45

INSURED REVENUE BONDS 4.67 4.72 5.34 5.38

PERCENT OF TREASURIES 80.33 80.78 88.51 88.25

TAXABLE EQUIVALENT 6.77 6.84 7.74 7.80

MUTUAL FUNDS

EQUITY FUND CATEGORIES

Leaders Laggards

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

Smith Barney Telecom. Inc. 7.9 Midas -32.6

Prudent Bear 7.5 U.S. Global Investors Gold -30.8

Fidelity Sel. Retailing 5.1 Morgan Stan. Instl. Gold A -29.1

Countrywide Utility A 2.7 Gabelli Gold -28.8

Rydex Ursa 2.7 Blanchard Precious Metals -27.5

Leaders Laggards

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

Hartford Capital Apprec. A 71.9 U.S. Global Investors Gold -59.3

Lexington Troika Russia 63.4 Midas -58.3

Fidelity Sel. Energy Service 62.9 Morgan Stan. Instl. Gold A -56.1

Mutual Shares II 61.8 Bull & Bear Gold Investors -55.1

Evergreen U.S. Real Est. Y 61.6 Gabelli Gold -53.4

Leaders Laggards

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

Utilities -0.6 Precious Metals -24.5

Real Estate -2.3 Latin America -23.8

Domestic Hybrid -2.3 Diversified Emerging Mkts. -17.8

International Hybrid -3.6 Pacific/Asia ex-Japan -13.4

Large-cap Value -3.8 Diversified Pacific/Asia -10.9

Leaders Laggards

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

Financial 38.1 Precious Metals -42.7

Small-cap Value 32.9 Pacific/Asia ex-Japan -28.7

Real Estate 29.6 Diversified Pacific/Asia -22.0

Small-cap Blend 28.8 Japan -17.7

Mid-cap Value 27.1 Diversified Emerging Mkts. -3.9

All data are as of market close Wednesday, Nov. 19, 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. 18. 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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