Investment Figures Of The Week

Investment Figures of the Week

Investment Figures of the Week

COMMENTARYFinancial turmoil continued in the Far East with the collapse of YamaichiSecurities, one of Japan's leading brokerage firms. Even so, the Nikkei 225remains about 5% higher than its Nov. 14 low. The fallout from Yamaichi'sfailure knocked 113 points off the Dow on Nov. 24, but it recouped 41 of thosepoints the next day. All told, the Dow industrials and the broader S&P 500index are still trading slightly higher than they were right before the Oct. 27minicrash. Steady interest rates helped U.S. stocks keep their footing.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7809.0 1.1 19.6

NASDAQ Combined Composite 1589.0 -0.8 24.0

S&P MidCap 400 319.7 0.2 25.1

S&P SmallCap 600 176.4 -1.2 23.6

S&P SuperComposite 1500 204.1 0.5 25.6

% change

SECTORS Latest Week Year

Bloomberg Information Age 294.8 0.4 26.2

S&P Financials 112.5 0.3 33.2

S&P Utilities 219.3 3.1 8.8

PSE Technology 300.9 -0.7 22.7

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4863.5 0.7 19.5

Frankfurt (DAX) 3849.2 0.4 37.0

Tokyo (NIKKEI 225) 15,867.5 0.2 -25.9

Hong Kong (Hang Seng) 10,325.6 1.7 -23.4

Toronto (TSE 300) 6630.5 -1.3 11.0

Mexico City (IPC) 4787.1 2.3 46.3

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.61 % 1.63 % 1.91 %

S&P 500 P/E Ratio (Last 12 mos.) 23.9 23.7 21.0

S&P 500 P/E Ratio (Next 12 mos.)* 18.7 18.6 16.6

First Call Earnings Revision* -0.98 % -1.47 % -0.86

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 876.9 873.5 Positive

Stocks above 200-day average 68.0 % 69.0 % Neutral

Options: Put/call ratio 0.65 0.69 Neutral

Insiders: Vickers Sell/buy ratio 2.81 2.81 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Drug Chains 13.8 Trucking 151.8

Genl. Merchandise Chains 13.4 Invest. Banking/Brkrge. 64.7

Soft Drinks 11.1 Savings & Loans 63.8

Tobacco 9.8 Homebuilding 61.6

Entertainment 9.2 Specialty Appar. Retailers 57.2

WORST-PERFORMING Last Last 12

GROUPS month% months%

Engineering & Constr. -27.4 Engineering & Constr. -41.9

Gold Mining -23.6 Gold Mining -36.6

Metals -18.1 Metals -27.5

Aluminum -12.2 Photography/Imaging -25.1

Oil & Gas Drilling -11.6 Hospital Management -13.7

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Wells Fargo 293 1/4 -15/16

Texas Instruments 49 3/4 -1 5/8

Citicorp 122 1/16 -1 1/4

America Onlline 72 1/8 -1 7/8

Chase Manhattan 110 -6 15/16

Burlington Northern Santa Fe 92 5/8 -1/2

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 78 1/8 3 3/8

Applied Materials 33 1/8 2 5/8

WorldCom 31 13/16 3/4

Cisco Systems 83 1/4 10 3/8

Sun Microsystems 35 9/16 1 5/16

Boeing 49 5/8 6 5/8

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.17 5.16 4.94

90-DAY TREASURY BILLS 5.28 5.31 5.16

6-MONTH BANK CDS 5.19 5.19 5.01

1-YEAR TREASURY BILLS 5.45 5.48 5.41

10-YEAR TREASURY NOTES 5.84 5.85 6.13

30-YEAR TREASURY BONDS 6.05 6.07 6.43

LONG-TERM AA INDUSTRIALS 6.65 6.70 6.98

LONG-TERM BBB INDUSTRIALS 7.03 7.07 7.43

LONG-TERM AA TELEPHONES 6.93 6.92 7.14

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 4.59% 4.56% 5.17% 5.14%

PERCENT OF TREASURIES 78.65 78.44 85.46 85.20

TAXABLE EQUIVALENT 6.65 6.61 7.49 7.45

INSURED REVENUE BONDS 4.69 4.67 5.36 5.34

PERCENT OF TREASURIES 80.36 80.33 88.60 88.51

TAXABLE EQUIVALENT 6.80 6.77 7.77 7.74

EQUITY FUNDS

Leaders Laggards

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

Berger Balanced 21.1 Matthews Korea -21.5

Fidelity Select Retailing 14.7 Lexington Troika Russia -20.7

Rydex Nova 12.5 Midas -20.5

Victory Stock Index 11.6 Blanchard Precious Metals -19.6

Smith Barney Telecom. Inc. 10.6 Vontobel Eastern Europ. Eq. -18.3

EQUITY FUNDS

Leaders Laggards

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

Hartford Capital Apprec. A 66.8 U.S. Global Investors Gold -59.4

Lexington Troika Russia 61.9 Midas -59.0

Evergreen U.S. Real Est. Y 60.8 Bull & Bear Gold Investors -56.3

Mutual Shares II 60.5 Morgan Stan. Instl. Gold A -55.4

American Heritage 59.7 Gabelli Gold -52.7

EQUITY FUND CATEGORIES

Leaders Laggards

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

Large-cap Growth 6.3 Precious Metals -12.4

Large-cap Blend 6.2 Diversified Emerging Mkts. -7.1

Utilities 6.1 Japan -5.4

Large-cap Value 5.2 Diversified Pacific/Asia -4.6

Communications 4.4 Pacific/Asia ex-Japan -4.1

EQUITY FUND CATEGORIES

Leaders Laggards

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

Financial 37.7 Precious Metals -42.4

Small-cap Value 30.2 Pacific/Asia ex-Japan -30.0

Real Estate 30.2 Diversified Pacific/Asia -23.7

Small-cap Blend 26.5 Japan -16.4

Mid-cap Value 25.5 Diversified Emerging Mkts. -4.4

All data are as of market close Tuesday, Nov. 25, 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. 24. 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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