Investment Figures Of The Week

Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

After a spectacular first week--the Dow Jones industrials hit a new record of 9643.3 on Jan. 8--the bears rushed in. The first wave of selling came over concern about upcoming profit reports. Then, Brazil's financial bailout plan started to unravel, and its currency sank. Reacting to the bad news from Latin America, the Dow plunged 260 points, or 2.8%, in the first half hour of trading on Jan. 13. But bargain hunters came back, and the market made up about half the loss to close at 9349.6. The Dow is still up 168 points, or 1.8%, in 1999.

STOCKS

Investment Figures of the Week % change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9349.6 -2.0 20.1

NASDAQ Combined Composite 2316.8 -0.2 49.6

S&P MidCap 400 382.9 -3.1 19.7

S&P SmallCap 600 176.4 -1.2 1.4

S&P SuperComposite 1500 260.5 -2.9 26.9

% change

SECTORS Latest Week Year

Bloomberg Information Age 498.5 0.0 68.5

S&P Financials 131.4 -3.1 15.2

S&P Utilities 253.9 -2.5 10.6

PSE Technology 482.2 1.5 68.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5850.1 -4.9 14.6

Frankfurt (DAX) 4931.8 -9.4 17.7

Tokyo (NIKKEI 225) 13,403.6 -0.5 -11.4

Hong Kong (Hang Seng) 10,273.8 0.4 11.4

Toronto (TSE 300) 6632.1 -2.5 4.4

Mexico City (IPC) 3300.4 -11.9 -29.0

Week

FUNDAMENTALS Latest ago Year

S&P 500 Dividend Yield 1.27% 1.27% 1.60%

S&P 500 P/E Ratio (Last 12 mos.) 32.3 32.6 23.8

S&P 500 P/E Ratio (Next 12 mos.)* 24.1 24.2 18.7

First Call Earnings Surprise* 15.13% 9.99% 3.12%

Week

TECHNICAL INDICATORS Latest ago Year

S&P 500 200-day average 1111.3 1106.5 Positive

Stocks above 200-day average 40.0% 41.0% Positive

Options: Put/call ratio 0.39 0.45 Negative

Insiders: Vickers Sell/buy ratio 1.33 1.25 Positive

Data: Bloomberg Financial Markets; *First Call Corp.

KEY RATES Latest Week Year

week% ago ago

MONEY MARKET FUNDS 4.71 4.75 5.23

90-DAY TREASURY BILLS 4.44 4.47 5.17

6-MONTH BANK CDS 4.38 4.39 5.18

1-YEAR TREASURY BILLS 4.46 4.53 5.17

10-YEAR TREASURY NOTES 4.71 4.73 5.41

30-YEAR TREASURY BONDS 5.13 5.17 5.71

LONG-TERM AA INDUSTRIALS 6.10 6.13 6.35

LONG-TERM BBB INDUSTRIALS 6.89 6.97 6.70

LONG-TERM AA TELEPHONES 6.33 6.43 6.68

BEST-PERFORMING Last Last 12

GROUPS month% months%

Broadcasting 23.6 Communications Equip. 120.4

Personal Loans 23.0 Specialty Appar. Retailers 94.0

Savings & Loans 21.1 Computer Systems 88.4

Cosmetics 21.0 Genl. Merchandise Chains 80.8

Health-Care Services 19.0 Computer Software 75.6

WORST-PERFORMING Last Last 12

GROUPS month% months%

Toys -14.6 Oil & Gas Drilling -47.2

Hospital Management -12.0 Oil-Well Equip. & Svcs. -30.7

Engineering & Constr. -8.1 Oil Exploration & Prod. -26.9

International Oil -5.1 Hospital Management -26.7

Specialty Printing -3.4 Toys -25.7

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Exxon 70 3/4 -3 11/16

GTE 63 1/16 -1/8

Telebras-ADR 62 5/8 -11 3/4

Mobil 85 3/4 -3 5/8

Telefonos de Mexico-ADR 43 7/8 -3

Chevron 82 1/16 -3 5/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 98 1/8 17 3/4

Microsoft 142 3/16 14 1/4

MCI WorldCom 72 1/2 10 5/16

Dell Computer 80 7/16 15 11/16

Intel 135 9/16 24

CMGI 130 3/4 97 3/4

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.71 4.75 5.23

90-DAY TREASURY BILLS 4.44 4.47 5.17

6-MONTH BANK CDS 4.38 4.39 5.18

1-YEAR TREASURY BILLS 4.46 4.53 5.17

10-YEAR TREASURY NOTES 4.71 4.73 5.41

30-YEAR TREASURY BONDS 5.13 5.17 5.71

LONG-TERM AA INDUSTRIALS 6.10 6.13 6.35

LONG-TERM BBB INDUSTRIALS 6.89 6.97 6.70

LONG-TERM AA TELEPHONES 6.33 6.43 6.68

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% 4.16% 4.89% 4.88%

PERCENT OF TREASURIES 88.59 88.37 95.28 94.54

TAXABLE EQUIVALENT 6.04 6.03 7.09 7.07

INSURED REVENUE BONDS 4.32 4.29 5.16 5.12

PERCENT OF TREASURIES 91.78 91.14 100.54 99.19

TAXABLE EQUIVALENT 6.26 6.22 7.48 7.42

Data: Bloomberg Financial Markets

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Amerindo Technology D 66.3 ProFunds UltraShort OTC Inv. -26.4

Internet 60.0 Potomac OTC/Short -14.4

Apex Mid Cap Growth 56.4 Montgomery Latin Amer. R -13.1

Munder NetNet A 41.6 Prudent Bear -11.9

TCW/DW Mid-Cap Equity D 35.4 ProFunds UltraBear Serv. -11.9

Leaders Laggards

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

Internet 317.7 Lexington Troika Russia -80.3

ProFunds UltraOTC Inv. 226.3 American Heritage -63.3

Amerindo Technology D 182.9 Potomac OTC/Short -57.0

Dreyfus Technology Growth 133.6 Montgomery Latin Amer. R -54.0

Potomac OTC Plus 125.9 Offitbank Latin Amer. Sel. -48.1

EQUITY FUND CATEGORIES

Leaders Laggards

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

Technology 18.7 Latin America -8.8

Communications 16.1 Real Estate 1.6

Small-cap Growth 13.0 Japan 2.3

Mid-cap Growth 12.9 International Hybrid 2.9

Large-cap Growth 9.3 Domestic Hybrid 3.9

Leaders Laggards

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

Technology 69.5 Latin America -38.6

Communications 57.6 Diversified Emerging Mkts. -16.1

Large-cap Growth 42.2 Real Estate -13.9

Mid-cap Growth 27.5 Natural Resources -13.2

Large-cap Blend 27.3 Small-cap Value -2.1

All data are as of market close Wednesday, Jan. 13, 1999, 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 Jan. 12. 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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