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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYThe bull made a return appearance, with U.S. stocks surging to all-time highs.The Dow Jones industrial average climbed 215 points on Nov. 23, rising to9374--smashing the previous record set on July 17. A spate of takeovers, includingDeutsche Bank's agreement to buy Bankers Trust, fueled the market rally.Internet stocks were particularly strong, aided by America Online's mergertalkswith Netscape. Stocks gave back some of their gains on Nov. 24. Bonds and thedollar were strong.STOCKS

% change

U.S. MARKETS Latest Week Year

Investment Figures of the Week

Dow Jones Industrials 9301.2 2.9 19.1

NASDAQ Combined Composite 1965.9 3.6 23.7

S&P MidCap 400 355.9 1.2 11.3

S&P SmallCap 600 166.6 2.5 -5.6

S&P SuperComposite 1500 248.8 3.2 21.9

% change

SECTORS Latest Week Year

Bloomberg Information Age 419.1 4.3 42.2

S&P Financials 131.4 5.7 16.8

S&P Utilities 258.2 0.6 17.7

PSE Technology 402.9 3.7 33.9

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5798.3 5.9 19.2

Frankfurt (DAX) 4958.8 5.5 28.8

Tokyo (NIKKEI 225) 15,164.6 3.9 -4.4

Hong Kong (Hang Seng) 10,851.7 6.2 5.1

Toronto (TSE 300) 6570.3 3.6 -0.9

Mexico City (IPC) 4032.2 -0.7 -15.8

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.32% 1.40% 1.61%

S&P 500 P/E Ratio (Last 12 mos.) 30.8 29.5 23.9

S&P 500 P/E Ratio (Next 12 mos.)* 23.2 22.2 18.7

First Call Earnings Revision* -4.03% -4.35% -0.98%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1086.7 1083.6 Positive

Stocks above 200-day average 37.0% 32.0% Positive

Options: Put/call ratio 0.46 0.54 Negative

Insiders: Vickers Sell/buy ratio 0.62 0.52 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Invest. Banking/Brkrge. 34.5 Communications Equip. 77.5

HMOs 26.9 Genl. Merchandise Chains 66.3

Semiconductors 26.5 Specialty Appar. Retailers 65.4

Transportation Services 24.1 Drugs 61.5

Communications Equip. 22.7 Automobiles 59.5

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -17.0 Oil & Gas Drilling -61.2

Oil Exploration & Prod. -6.8 Oil-Well Equip. & Svcs. -35.6

Oil-Well Equip. & Svcs. -3.5 Leisure Time -34.7

Domestic Oil -1.8 Oil Exploration & Prod. -32.1

Pollution Control -1.1 Machine Tools -31.1

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

AT&T 63 7/8 -3/8

Apple Computer 36 1/4 -1 3/16

Telefonos de Mexico-ADR 50 1/4 -3/4

BEA Systems 13 3/4 -5 1/4

Lockheed Martin 108 3/8 -2 11/16

Chevron 80 5/16 -1/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Dell Computer 65 7/8 3 3/8

Cisco Systems 76 3/16 14 13/16

MCI WorldCom 58 9/16 5 15/16

Amazon.com 218 96 9/16

Biogen 82 5/8 12 1/4

Inktomi 146 3/8 61 3/8

INTEREST RATES

Latest Week Year

MONEY MARKET FUNDS 4.80 4.83 5.18

90-DAY TREASURY BILLS 4.61 4.42 5.23

6-MONTH BANK CDS 4.47 4.47 5.20

1-YEAR TREASURY BILLS 4.59 4.52 5.49

10-YEAR TREASURY NOTES 4.83 4.87 5.82

30-YEAR TREASURY BONDS 5.21 5.30 6.01

LONG-TERM AA INDUSTRIALS 6.15 6.28 6.55

LONG-TERM BBB INDUSTRIALS 7.08 7.27 6.97

LONG-TERM AA TELEPHONES 6.51 6.59 6.96

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 4.17% 4.19% 4.84% 4.86%

PERCENT OF TREASURIES 86.38 86.33 92.96 92.41

TAXABLE EQUIVALENT 6.04 6.07 7.01 7.04

INSURED REVENUE BONDS 4.29 4.31 5.08 5.10

PERCENT OF TREASURIES 88.87 88.80 97.57 96.97

TAXABLE EQUIVALENT 6.22 6.25 7.36 7.39

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Amerindo Technology D 42.9 ProFunds UltraShort OTC Inv. -26.3

ProFunds UltraOTC Investor 33.2 ProFunds UltraBear Serv. -18.6

Munder NetNet B 31.5 Fidelity Sel. Energy Serv. -16.5

Matthews Korea A 27.1 Rydex Energy Svcs. Inv. -16.2

TCW/DW Mid-Cap Equity D 25.8 Oppenheimer Real Asset C -14.4

Leaders Laggards

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

Amerindo Technology D 65.6 Lexington Troika Russia -82.0

Transamerica Aggr. Gr. Inv. 63.2 Eaton Vance Wwde. Dv. Res. B -49.4

Flag Investors Communs. A 58.5 Frontier Equity -48.0

Dreyfus Technology Growth 56.8 Dreyfus Aggressive Growth -47.5

Northern Technology 54.0 Fidelity Sel. Energy Serv. -47.0

EQUITY FUND CATEGORIES

Leaders Laggards

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

Technology 19.1 Natural Resources -0.9

Communications 14.8 Real Estate 1.9

Mid-cap Growth 12.8 International Hybrid 3.9

Large-cap Growth 12.6 Utilities 5.4

Latin America 12.2 Domestic Hybrid 5.8

Leaders Laggards

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

Communications 29.0 Latin America -27.5

Large-cap Growth 24.3 Natural Resources -25.4

Utilities 20.0 Diversified Emerging Mkts. -24.3

Technology 20.0 Pacific/Asia ex-Japan -16.1

Large-cap Blend 18.6 Real Estate -14.4

All data are as of market close Tuesday, Nov. 24, 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 Nov. 23. 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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