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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYStocks wilted in the steamy summer heat. The Dow Jones industrials and theStandard & Poor's 500 hit highs on July 17, but fear of falling profitsprompted investors to sell. Federal Reserve Chairman Alan Greenspan didn'thelp, either. While his remarks before Congress didn't suggest he would soonraise interest rates, his comments led people to conclude that lower rateswere not in the cards, either. Overseas, the battered Hong Kong stock marketcontinued to slide, losing 0.4% for the week. It's down 46.4% over the lastyear.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9128.9 -1.1 12.9

NASDAQ Combined Composite 1969.8 -1.2 25.6

S&P MidCap 400 364.9 -1.9 18.8

S&P SmallCap 600 188.2 -3.1 11.9

S&P SuperComposite 1500 246.9 -1.1 23.3

% change

SECTORS Latest Week Year

Bloomberg Information Age 372.3 -0.3 25.8

S&P Financials 141.9 -2.6 34.0

S&P Utilities 241.7 -0.6 22.3

PSE Technology 359.4 -1.4 10.7

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5989.6 -2.6 22.9

Frankfurt (DAX) 6110.7 0.0 38.7

Tokyo (NIKKEI 225) 16,293.1 -1.9 -19.1

Hong Kong (Hang Seng) 8420.7 -0.4 -46.5

Toronto (TSE 300) 7349.9 -0.5 8.6

Mexico City (IPC) 4564.8 -0.6 -3.7

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.34% 1.32% 1.60%

S&P 500 P/E Ratio (Last 12 mos.) 27.8 27.8 23.4

S&P 500 P/E Ratio (Next 12 mos.)* 22.4 22.7 19.0

First Call Earnings Surprise* 2.32% 2.40% 2.55%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1038.1 1033.6 Positive

Stocks above 200-day average 48.0% 50.0% Neutral

Options: Put/call ratio 0.46 0.45 Negative

Insiders: Vickers Sell/buy ratio 1.50 1.65 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Communications Equip. 21.9 Specialty Appar. Retailers 98.3

Photography/Imaging 20.6 Broadcasting 97.1

Pollution Control 16.5 Homebuilding 75.4

Invest. Banking/Brkrge. 16.0 Automobiles 75.0

Broadcasting 15.8 Long-Dist. Telecomm. 69.9

WORST-PERFORMING Last Last 12

GROUPS month% months%

Engineering & Constr. -12.7 Metals -43.6

Oil & Gas Drilling -12.5 Oil & Gas Drilling -42.6

Machine Tools -11.4 Engineering & Constr. -33.7

Furnishings & Appliances -8.9 Gold Mining -27.0

Oil Exploration & Prod. -8.9 Leisure Time -25.2

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Camco International 74 15/16 -13/16

General Re 252 7/16 -7 1/16

Berkshire Hathaway-A 75,000 -2500

BellSouth 67 11/16 -9/16

Berkshire Hathaway-B 2508 -87

AT&T 58 9/16 -4 1/2

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 112 3/16 17

WorldCom 56 1/8 8 9/16

Cisco Systems 98 15/16 14 5/16

Dell Computer 110 7/8 23

Excite 48 3/4 9

Tellabs 89 23

Data: Bloomberg Financial Markets; *First Call Corp.

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.10 5.16

90-DAY TREASURY BILLS 5.06 5.14 5.20

6-MONTH BANK CDS 5.06 5.04 5.18

1-YEAR TREASURY BILLS 5.35 5.35 5.52

10-YEAR TREASURY NOTES 5.45 5.48 6.14

30-YEAR TREASURY BONDS 5.68 5.70 6.42

LONG-TERM AA INDUSTRIALS 6.31 6.32 6.90

LONG-TERM BBB INDUSTRIALS 6.76 6.78 7.24

LONG-TERM AA TELEPHONES 6.66 6.71 7.13

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 4.43% 4.43% 4.98% 4.98%

PERCENT OF TREASURIES 81.26 80.89 87.67 87.34

TAXABLE EQUIVALENT 6.42 6.42 7.22 7.22

INSURED REVENUE BONDS 4.58 4.58 5.18 5.18

PERCENT OF TREASURIES 84.01 83.63 91.19 90.85

TAXABLE EQUIVALENT 6.64 6.64 7.51 7.51

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Matthews Korea I 32.3 Fidelity Sel. Energy Serv. -15.5

American Heritage 20.3 Rydex Energy Svcs. Inv. -14.0

ProFunds UltraOTC Investor 19.2 Lighthouse Contrarian -12.7

Pioneer India A 17.6 Oppenheimer Real Asset B -11.7

Montgomery Global Comm. R 15.9 Potomac OTC/Short -9.6

Leaders Laggards

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

Transamerica Prem. Sm. Co. 75.3 Lex. Crosby Sm. Cap Asia -65.3

Transamerica Prem. Agg. Gr. 66.5 Montgomery Emerg. Asia R -63.8

Weitz Hickory 65.3 Guinness Flgt. Asia Sm. Cap -63.4

Flag Investors Communs. A 64.7 Morg. Stan. Inst. Asia Eq. A -61.1

Fidelity Select Brokerage 62.3 Morgan Stan. Asian Grth. C -60.1

EQUITY FUND CATEGORIES

Leaders Laggards

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

Communications 9.5 Natural Resources -4.1

Japan 8.3 Small-cap Value 1.3

Technology 7.5 Mid-cap Value 1.7

Foreign 7.5 Utilities 2.3

Latin America 7.4 Large-cap Value 2.3

Leaders Laggards

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

Communications 43.8 Pacific/Asia ex-Japan -51.3

Financial 34.7 Diversified Pacific/Asia -38.5

Europe 33.6 Precious Metals -30.7

Large-cap Growth 30.4 Diversified Emerging Mkts. -27.2

Utilities 27.5 Japan -23.6

All data are as of market close Wednesday, July 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 July 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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