Businessweek Archives

Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY The unfolding crisis in Asia continued to roil the markets. Earnings worriesled the Dow Jones industrial average down 222.2 points on Jan. 9. Better thanexpected earnings from Intel helped computer-related stocks stage a late rally,but a closer look at Intel's numbers renewed fears of slower sales growth.Consumer prices rose just 0.1% in December, and on the whole, 1997 had thesmallest annual price increase in more than ten years. The yield on the 30-yearTreasury bond fell from 5.79% to 5.69% before inching back to 5.74%.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7784.7 -1.5 15.7

NASDAQ Combined Composite 1548.8 -0.8 16.1

S&P MidCap 400 320.0 -1.8 22.1

S&P SmallCap 600 173.8 -2.3 17.6

S&P SuperComposite 1500 205.3 -0.8 24.3

% change

SECTORS Latest Week Year

Bloomberg Information Age 295.9 0.8 23.1

S&P Financials 114.1 -1.8 34.8

S&P Utilities 229.6 0.6 13.2

PSE Technology 286.9 -1.3 12.0

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5106.9 -2.2 22.8

Frankfurt (DAX) 4190.1 -4.6 40.2

Tokyo (NIKKEI 225) 15,122.0 0.6 -16.4

Hong Kong (Hang Seng) 9226.6 -3.3 -33.0

Toronto (TSE 300) 6351.1 -3.6 4.7

Mexico City (IPC) 4650.1 -5.9 24.7

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.60 % 1.59 % 1.88 %

S&P 500 P/E Ratio (Last 12 mos.) 23.8 24.6 21.6

S&P 500 P/E Ratio (Next 12 mos.)* 18.7 19.0 16.5

First Call Earnings Surprise* 3.12 % -4.70 % 4.59 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 903.8 899.6 Positive

Stocks above 200-day average 57.0 % 64.0 % Neutral

Options: Put/call ratio 0.68 0.55 Neutral

Insiders: Vickers Sell/buy ratio 1.80 1.90 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Defense Electronics 11.6 Trucking 157.7

Photography/Imaging 7.1 Airlines 70.5

Long-Distance Telecom. 6.9 Specialty Appar. Retailers 66.8

Semiconductors 6.6 Broadcasting 65.9

Drugs 6.2 Invest. Banking/Brkrge. 62.9

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -18.1 Metals -41.8

Savings & Loans -12.6 Engineering & Constr. -40.0

Invest. Banking/Brkrge. -9.2 Gold Mining -37.1

Metals -9.1 Shoes -32.4

Oil-Well Equip. & Svcs. -8.8 Photography/Imaging -27.8

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Telebras-ADR 106 1/4 -1 3/4

Citicorp 114 -18 1/8

Wells Fargo 315 7/8 -21 7/16

Microsoft 132 1/8 -4

Chase Manhattan 103 5/8 -8 5/8

Coca-Cola 65 3/8 - 1/2

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 76 15/16 4 13/16

Cisco Systems 56 4 21/64

Applied Materials 29 15/16 1 7/8

KLA-Tencor 38 5/16 3 15/16

PeopleSoft 34 5/16 1 7/16

Qwest Communications Intl. 65 3/8 5 7/8

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.23 5.25 4.95

90-DAY TREASURY BILLS 5.14 5.23 5.19

6-MONTH BANK CDS 5.18 5.20 5.01

1-YEAR TREASURY BILLS 5.18 5.31 5.60

10-YEAR TREASURY NOTES 5.45 5.55 6.53

30-YEAR TREASURY BONDS 5.74 5.80 6.77

LONG-TERM AA INDUSTRIALS 6.37 6.41 7.26

LONG-TERM BBB INDUSTRIALS 6.71 6.74 7.68

LONG-TERM AA TELEPHONES 6.70 6.74 7.47

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 4.24% 4.37% 4.82% 4.95%

PERCENT OF TREASURIES 77.80 79.10 84.03 85.63

TAXABLE EQUIVALENT 6.14 6.33 6.99 7.17

INSURED REVENUE BONDS 4.35 4.46 5.02 5.13

PERCENT OF TREASURIES 79.82 80.73 87.52 88.74

TAXABLE EQUIVALENT 6.30 6.46 7.28 7.43

EQUITY FUND

Leaders Laggards

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

Bailard, Biehl Diversa 8.8 Lexington Crosby Sm. Asia -28.5

Fountain Sq. Balanced A 8.1 U.S. Glob. Inv. China Reg. -28.0

Fountain Sq. Qual. Gr. A 6.9 Guinness Flgt. Asia Sm. Cap -27.5

American Heritage 5.8 Montgomery Emerg. Asia R -24.9

Fidelity Select Telecom. 4.9 Colonial Newport Gr. Ch. A -24.6

Leaders Laggards

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

Pilgrim Amer. Bank & Thr. A 52.6 Midas -61.3

Fidelity Sel. Brokerage 51.2 Invesco Strategic Gold -59.7

Smith Barn. Telecom. Income 50.1 Matthews Korea -59.4

FBR Small Cap Financial 49.7 US Global Investors Gold -59.4

Evergreen U.S. Real Est Y 48.5 Bull & Bear Gold Investors -59.2

EQUITY FUND CATEGORIES

Leaders Laggards

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

Communications 2.3 Pacific/Asia ex-Japan -15.4

Utilities 1.8 Diversified Pacific/Asia -8.4

Technology 1.3 Diversified Emerging Mkts. -7.3

Real Estate 1.0 Latin America -6.8

International Hybrid -0.2 Natural Resources -6.7

Leaders Laggards

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

Financial 37.4 Pacific/Asia ex-Japan -46.3

Communications 23.9 Precious Metals -45.8

Large-cap Blend 22.4 Diversified Pacific/Asia -32.7

Utilities 21.8 Diversified Emerging Mkts. -17.4

Small-cap Value 21.6 Japan -16.9

All data are as of market close Wednesday, Jan. 14, 1998, 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 Jan. 13. For a more detailed explanation, write to us or E-mail

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

Return to top


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus