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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYAn uncertain week in the financial markets turned sprightly, with the mostencouraging action on July 8. Both the Standard & Poor's 500-stock index andthe NASDAQ composite rose to record highs on that date. Travelers Corp. andCiticorp led the list of gainers, and a surge in Intel helped the NASDAQ.Meanwhile, the Dow Jones industrial average rose 90 points to 9175, close toits all-time high. The dollar climbed against the yen, after the JapanesePrime Minister failed to elaborate on plans to cut taxes.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9175.0 1.4 17.0

NASDAQ Combined Composite 1935.4 1.1 30.2

S&P MidCap 400 369.6 1.1 25.5

S&P SmallCap 600 193.7 0.4 18.6

S&P SuperComposite 1500 246.3 0.8 27.0

% change

SECTORS Latest Week Year

Bloomberg Information Age 358.9 0.9 29.0

S&P Financials 145.7 4.8 41.4

S&P Utilities 245.3 -1.0 22.6

PSE Technology 356.1 1.7 18.0

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 6009.6 1.5 26.2

Frankfurt (DAX) 6013.1 1.8 48.3

Tokyo (NIKKEI 225) 16,531.0 1.0 -16.1

Hong Kong (Hang Seng) 8629.2 1.0 -41.3

Toronto (TSE 300) 7451.3 1.1 13.3

Mexico City (IPC) 4573.3 3.4 -5.4

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.36% 1.38% 1.63%

S&P 500 P/E Ratio (Last 12 mos.) 27.6 27.1 23.3

S&P 500 P/E Ratio (Next 12 mos.)* 22.1 21.9 18.6

First Call Earnings Surprise* 7.50% NA% 4.01%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1027.0 1022.7 Positive

Stocks above 200-day average 51.0% 48.0% Neutral

Options: Put/call ratio 0.49 0.50 Negative

Insiders: Vickers Sell/buy ratio 1.99 2.05 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Homebuilding 19.8 Specialty Appar. Retailers 114.5

Computer Software 18.0 Broadcasting 91.6

Broadcasting 14.6 Homebuilding 90.3

Communications Equip. 14.3 Automobiles 78.9

Drug Chains 13.8 Airlines 78.0

WORST-PERFORMING Last Last 12

GROUPS month% months%

Machine Tools -18.4 Metals -45.0

Oil & Gas Drilling -15.3 Oil & Gas Drilling -33.1

Metals -10.6 Engineering & Constr. -22.7

Oil-Well Equip. & Svcs. -10.2 Gold Mining -21.5

Leisure Time -9.8 Hospital Management -20.9

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 113 7/8 -4 15/16

Berkshire Hathaway-A 77,775 -225

AT&T 56 3/16 -5 11/16

J.P. Morgan 122 11/16 -1

BellSouth 66 7/16 -3/8

Berkshire Hathaway-B 2598 -12

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

WorldCom 50 3/8 5 1/2

Microsoft 107 15/16 22 1/4

Cisco Systems 92 3/4 15 1/4

Intel 75 1/8 5 13/16

Dell Computer 91 7 5/16

Qwest Communications Intl. 37 7/16 4 15/16

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.11 5.10 5.17

90-DAY TREASURY BILLS 5.07 5.10 5.11

6-MONTH BANK CDS 5.03 5.05 5.18

1-YEAR TREASURY BILLS 5.32 5.38 5.53

10-YEAR TREASURY NOTES 5.43 5.44 6.25

30-YEAR TREASURY BONDS 5.62 5.62 6.56

LONG-TERM AA INDUSTRIALS 6.24 6.23 7.02

LONG-TERM BBB INDUSTRIALS 6.73 6.73 7.40

LONG-TERM AA TELEPHONES 6.63 6.61 7.31

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 4.39% 4.39% 4.93% 4.95%

PERCENT OF TREASURIES 80.95 80.88 87.70 87.99

TAXABLE EQUIVALENT 6.36 6.36 7.14 7.17

INSURED REVENUE BONDS 4.56 4.56 5.16 5.18

PERCENT OF TREASURIES 84.08 84.01 91.79 92.07

TAXABLE EQUIVALENT 6.61 6.61 7.48 7.51

MUTUAL FUNDS

EQUITY FUNDS

EQUITY FUND CATEGORIES

Leaders Laggards

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

ProFunds UltraOTC Investor 20.4 Lexington Troika Russia -27.2

DFA Japanese Small Co. 14.1 Guinness Flgt. Asia Sm. Cap -11.3

Amerindo Technology D 13.6 Fidelity Sel. Energy Serv. -11.1

Transamerica Prem. Sm. Co. 12.9 Potomac OTC/Short -9.9

Potomac OTC Plus 12.7 GMO Emerging Markets III -9.6

Leaders Laggards

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

Transamerica Prem. Sm. Co. 77.5 Matthews Korea I -66.8

Transamerica Prem. Ag. Gr. 75.6 Lexington Troika Russia -66.8

Weitz Hickory 63.3 Lex. Crosby Sm. Cap Asia -64.4

Fidelity Select Brokerage 60.1 Montgomery Emerg. Asia R -63.2

Fidelity Select Retailing 53.9 Guinness Flgt. Asia Sm. Cap -62.6

EQUITY FUND CATEGORIES

Leaders Laggards

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

Large-cap Growth 5.6 Diversified Emerging Mkts. -4.9

Communications 5.4 Natural Resources -3.4

Japan 4.8 Latin America -3.2

Technology 3.9 Precious Metals -3.0

Mid-cap Growth 3.8 Pacific/Asia ex-Japan -2.3

Leaders Laggards

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

Communications 36.5 Pacific/Asia ex-Japan -52.3

Financial 34.5 Diversified Pacific/Asia -39.9

Large-cap Growth 29.8 Diversified Emerging Mkts. -32.9

Europe 27.6 Precious Metals -27.3

Unaligned 25.0 Latin America -24.3

All data are as of market close Wednesday, July 8, 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 July 7. 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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