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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYAnother up week for stocks, but the real action was in the tech-heavy NASDAQcomposite index, which jumped 2.9% for the week vs. a 0.2% gain for the DowIndustrials. The big boys on the NASDAQ block, Microsoft and Intel, were bothflying high. Microsoft rose more than 7 points, to 98 7/8, while Intel surgedmore than 9 points, to 84 1/16. The reason: The earnings outlook for bothcompanies is robust. The NASDAQ index is up 22% since the beginning of theyear, 6 percentage points above the gain in the Dow or the S&P 500.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9176.7 0.2 34.7

NASDAQ Combined Composite 1917.6 2.9 56.3

S&P MidCap 400 380.7 0.9 51.5

S&P SmallCap 600 205.8 0.9 50.7

S&P SuperComposite 1500 242.5 1.0 46.8

% change

SECTORS Latest Week Year

Bloomberg Information Age 354.8 4.5 52.4

S&P Financials 139.7 -0.4 63.7

S&P Utilities 241.7 -1.6 32.1

PSE Technology 360.7 2.6 49.3

% change

FOREIGN MARKETS Latest Week Year

Frankfurt (DAX) 5360.7 -0.5 57.9

Tokyo (NIKKEI 225) 15,761.5 -3.3 -15.9

Hong Kong (Hang Seng) 10,977.5 -3.5 -13.6

Toronto (TSE 300) 7822.3 0.1 33.2

Mexico City (IPC) 5164.7 3.5 35.0

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.38% 1.45% 1.90%

S&P 500 P/E Ratio (Last 12 mos.) 26.9 27.7 19.9

S&P 500 P/E Ratio (Next 12 mos.)* 22.2 21.9 16.2

First Call Earnings Surprise* 2.88% 2.88% 3.64%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 978.6 973.0 Positive

Stocks above 200-day average 65.0% 65.0% Neutral

Options: Put/call ratio 0.47 0.64 Negative

Insiders: Vickers Sell/buy ratio 3.09 2.79 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Gold Mining 28.9 Broadcasting 125.7

Restaurants 16.4 Homebuilding 121.5

Communications Equip. 15.6 Communications Equip. 105.0

Computer Systems 13.3 Specialty Appar. Retailers 98.1

Computer Software 13.1 Personal Loans 94.8

WORST-PERFORMING Last Last 12

GROUPS month% months%

Commercial Systems -16.0 Metals -25.7

Food Chains -10.2 Engineering & Constr. -15.0

Tobacco -10.1 Shoes -11.2

Engineering & Constr. -8.4 Tobacco -7.4

Hotels & Motels -6.8 Photography/Imaging -4.6

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Oracle 27 9/1 6 -2 1/2

AT&T 63 3/8 -2 9/16

Telebras-ADR 125 3/4 -8 1/8

Lockheed Martin 113 1/2 -3 1/8

Household International 131 7/8 -8 3/8

Teleport Communications Group 57 3/8 -7/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 94 7/8 11

Pfizer 116 3/16 19 15/16

WorldCom 43 5/8 1/16

Intel 78 15/16 3 27/32

Dell Computer 74 3/8 12 1/8

Cisco Systems 73 7/8 9 1/8

Data: Bloomberg Financial Markets; *First Call Corp.

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.10 5.06

90-DAY TREASURY BILLS 5.07 5.08 5.37

6-MONTH BANK CDS 5.08 5.08 5.22

1-YEAR TREASURY BILLS 5.39 5.38 6.00

10-YEAR TREASURY NOTES 5.67 5.60 6.89

30-YEAR TREASURY BONDS 5.96 5.89 7.09

LONG-TERM AA INDUSTRIALS 6.55 6.47 7.61

LONG-TERM BBB INDUSTRIALS 7.01 6.92 7.94

LONG-TERM AA TELEPHONES 6.80 6.73 7.84

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 4.48% 4.45% 5.08% 5.05%

PERCENT OF TREASURIES 78.88 79.60 85.18 85.90

TAXABLE EQUIVALENT 6.49 6.45 7.36 7.32

INSURED REVENUE BONDS 4.64 4.61 5.29 5.25

PERCENT OF TREASURIES 81.70 82.46 88.70 89.30

TAXABLE EQUIVALENT 6.72 6.68 7.67 7.61

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Lexington Strat. Invmnts. 20.9 Matthews Korea I -12.9

Rydex Precious Metals 17.6 Lex. Troika Dialog Russia -8.6

Pioneer Gold A 16.4 Pilgrim Amer. Asia-Pac. B -8.3

Am.Cent. Global Gold 16.3 Montgomery Emerg. Asia R -7.7

PIMCo Precious Metals C 16.1 Fidelity Southeast Asia -7.6

Leaders Laggards

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

Delaware Aggressive Gr. A 115.2 Matthews Korea I -50.4

Munder Micro-Cap Equity Y 96.5 U.S. Global Investors Gold -49.4

Weitz Hickory 96.2 Merrill Emerging Tigers C -47.9

FMI Focus 93.0 Morgan Stan. Asian Grth C -47.9

Texas Capital Val. & Grth. 90.6 Morg. Stan. Inst. Asia Eq. A -47.6

EQUITY FUND CATEGORIES

Leaders Laggards

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

Precious Metals 12.9 Pacific/Asia ex-Japan -4.6

Technology 6.9 Diversified Pacific/Asia -2.3

Europe 4.4 Utilities -0.9

Small-cap Growth 4.1 Real Estate 0.2

Foreign 3.8 Health 1.0

Leaders Laggards

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

Communications 65.5 Pacific/Asia ex-Japan -32.1

Financial 61.7 Diversified Pacific/Asia -23.8

Small-cap Growth 51.3 Precious Metals -23.0

Small-cap Blend 51.1 Japan -10.2

Large-cap Growth 51.1 Diversified Emerging Mkts. -5.0

All data are as of market close Wednesday, Apr. 22, 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 Apr. 21. 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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