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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYAn unsettling week in the financial markets, which continued to reverberate tothe Asian travails. After small gains on Aug. 6 and 7, the U.S. marketsplummeted again on Aug. 11. The Dow Jones industrial average fell 112 points,or 1.3%, and the S&P 500 sustained a similar drop, as traders continued toworry about the Asian economic slump. But the biggest decline was sustained bythe NASDAQ Composite, which plunged 2.5%, as high-tech companies fell. A mildrecovery took place on Aug. 12.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8553.0 0.1 6.6

NASDAQ Combined Composite 1825.5 2.1 12.1

S&P MidCap 400 335.1 1.8 6.5

S&P SmallCap 600 173.2 3.1 -0.6

S&P SuperComposite 1500 229.6 0.5 13.9

% change

SECTORS Latest Week Year

Bloomberg Information Age 355.2 1.2 16.9

S&P Financials 126.6 -2.4 17.0

S&P Utilities 236.2 2.5 18.6

PSE Technology 344.0 2.7 1.6

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5462.2 -3.0 10.2

Frankfurt (DAX) 5402.4 -4.1 27.9

Tokyo (NIKKEI 225) 15,379.0 -3.8 -20.1

Hong Kong (Hang Seng) 6859.5 -8.1 -56.7

Toronto (TSE 300) 6495.4 -3.5 -4.1

Mexico City (IPC) 3561.5 -12.2 -30.5

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.47% 1.46% 1.62%

S&P 500 P/E Ratio (Last 12 mos.) 25.6 26.6 23.3

S&P 500 P/E Ratio (Next 12 mos.)* 20.5 20.5 18.6

First Call Earnings Revision* -2.72% -2.64% -1.20%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1049.2 1046.1 Positive

Stocks above 200-day average 26.0% 28.0% Positive

Options: Put/call ratio 0.62 0.55 Neutral

Insiders: Vickers Sell/buy ratio 1.28 1.46 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Photography/Imaging 7.2 Specialty Appar. Retailers 88.5

Semiconductors 7.2 Broadcasting 75.2

Tobacco 4.2 Automobiles 59.5

Computer Systems 3.7 Drug Chains 59.4

Communications Equip. 2.8 Genl. Merchandise Chains 59.0

WORST-PERFORMING Last Last 12

GROUPS month% months%

HMOs -45.7 Metals -51.5

Oil & Gas Drilling -23.2 Oil & Gas Drilling -51.2

Shoes -21.9 Engineering & Constr. -43.2

Oil-Well Equip. & Svcs. -21.3 Gold Mining -41.8

Engineering & Constr. -17.8 Shoes -37.5

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

America Online 107 1/8 -11 3/4

Citicorp 144 3/4 -29 1/2

Lucent Technologies 88 7/16 -15/16

Merrill Lynch 86 1/2 -21 7/16

R.P. Scherer 90 5/8 -1 1/8

Pfizer 103 15/16 -14 3/4

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 98 3 3/4

Dell Computer 106 1/4 1/16

Compaq Computer 33 7/8 1 1/4

Applied Materials 32 7/8 4 5/16

American Home Products 50 3/8 1 1/8

Johnson & Johnson 74 2 3/16

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.11 5.16

90-DAY TREASURY BILLS 4.99 5.07 5.23

6-MONTH BANK CDS 5.07 5.06 5.17

1-YEAR TREASURY BILLS 5.19 5.28 5.51

10-YEAR TREASURY NOTES 5.38 5.44 6.24

30-YEAR TREASURY BONDS 5.61 5.66 6.54

LONG-TERM AA INDUSTRIALS 6.30 6.34 7.05

LONG-TERM BBB INDUSTRIALS 6.82 6.83 7.41

LONG-TERM AA TELEPHONES 6.60 6.65 7.33

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% 4.41% 4.93% 4.95%

PERCENT OF TREASURIES 81.44 81.15 87.84 87.38

TAXABLE EQUIVALENT 6.36 6.39 7.14 7.17

INSURED REVENUE BONDS 4.54 4.57 5.15 5.18

PERCENT OF TREASURIES 84.22 84.10 91.76 91.44

TAXABLE EQUIVALENT 6.58 6.62 7.46 7.51

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

ProFunds UltraBear Investor 21.2 Lexington Troika Russia -28.5

Potomac U.S./Short 11.2 Fidelity Sel. Energy Serv. -26.0

Rydex Ursa 10.6 Rydex Energy Svcs. Inv. -25.6

Comstock Part. Cap. Val. R 7.7 Guinness Mainland China -24.8

Prudent Bear 7.5 Wright EquiFd.-Mexico -23.2

Leaders Laggards

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

Transamerica Prem. Sm. Co. 53.1 Lexington Troika Russia -76.3

Weitz Hickory 53.0 Montgomery Emerg. Asia R -71.7

Transamerica Prem. Agg. Gr. 46.8 Lex. Crosby Sm. Cap Asia -71.2

Flag Investors Communs. A 41.6 Guinness Flgt. Asia Sm. Cap -69.9

Scudder Greater Europe Gr. 39.5 Matthews Korea I -69.0

EQUITY FUND CATEGORIES

Leaders Laggards

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

International Hybrid -4.9 Latin America -18.9

Domestic Hybrid -5.5 Diversified Emerging Mkts. -14.9

Utilities -5.7 Natural Resources -14.5

Japan -5.8 Precious Metals -13.9

Technology -7.2 Financial -13.4

Leaders Laggards

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

Communications 24.4 Pacific/Asia ex-Japan -59.0

Europe 18.9 Diversified Pacific/Asia -45.0

Utilities 18.0 Precious Metals -43.3

Large-cap Growth 16.1 Diversified Emerging Mkts. -41.4

Financial 16.0 Latin America -36.3

All data are as of market close Wednesday, Aug. 12, 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 Aug. 11. 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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