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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

What a roller-coaster ride! In the last five sessions, the Dow industrials had three day-to-day price changes of over 120 points. But the net change for the week was just -1.5%. The losses were surprising, considering better-than-expected profit reports from many blue-chip companies. The bright spot, of course, was technology: Microsoft, Compaq, and America Online delivered super gains. And after a few days' sell-off, the Net stocks again raced up at warp speed. On Jan. 27, online auctioneer eBay soared 83 points to close at 304.

STOCKS % change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9200.2 -1.5 16.2

NASDAQ Combined Composite 2407.1 -0.3 49.4

S&P MidCap 400 374.7 -2.1 15.2

S&P SmallCap 600 172.2 -3.1 -2.7

S&P SuperComposite 1500 261.5 -1.2 24.9

% change

SECTORS Latest Week Year

Bloomberg Information Age 517.7 -2.1 68.0

S&P Financials 127.3 -3.7 10.9

S&P Utilities 248.7 -0.3 9.6

PSE Technology 493.7 1.0 65.3

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5876.4 -3.8 9.4

Frankfurt (DAX) 5061.2 -1.6 15.3

Tokyo (NIKKEI 225) 14,450.1 3.0 -14.9

Hong Kong (Hang Seng) 9719.7 -5.8 5.1

Toronto (TSE 300) 6651.7 -0.9 -1.2

Mexico City (IPC) 3815.4 1.1 -16.1

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.26% 1.26% 1.59%

S&P 500 P/E Ratio (Last 12 mos.) 32.6 33.1 24.1

S&P 500 P/E Ratio (Next 12 mos.)* 24.3 24.3 19.2

First Call Earnings Surprise* 4.44% 6.93% 2.56%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1116.4 1113.9 Positive

Stocks above 200-day average 35.0% 37.0% Positive

Options: Put/call ratio 0.46 0.47 Negative

Insiders: Vickers Sell/buy ratio 1.43 1.39 Positive

Data: Bloomberg Financial Markets; *First Call Corp.

BEST-PERFORMING Last Last 12

GROUPS month% months%

Computer Software 16.0 Communications Equip. 132.9

Broadcasting 15.9 Specialty Appar. Retailers 98.1

Specialty Appar. Retailers 13.2 Computer Systems 92.1

Personal Loans 12.8 Genl. Merchandise Chains 91.1

Automobiles 12.3 Computer Software 90.9

WORST-PERFORMING Last Last 12

GROUPS month% months%

Hospital Management -20.4 Oil & Gas Drilling -53.2

Tobacco -14.7 Oil Exploration & Prod. -37.4

Oil Exploration & Prod. -12.9 Hospital Management -34.0

Property-Casual. Insurers -12.2 Toys -33.6

Engineering & Constr. -11.0 Metals -33.5

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

America Online 155 -2 1/4

IBM 185 5/8 -3 5/8

Lucent Technologies 110 -1 3/16

Exxon 72 1/4 -2 1/4

American Express 101 3/4 - 3/16

Telebras-ADR 63 3/8 -11 1/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 171 9/16 29 3/16

Cisco Systems 107 1/8 12 15/16

MCI WorldCom 77 15/16 6

Intel 136 15/16 14 13/16

Dell Computer 88 1/2 13 3/4

Sun Microsystems 106 5/8 21 5/8

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 4.66 4.69 5.19

90-DAY TREASURY BILLS 4.46 4.37 5.23

6-MONTH BANK CDS 4.36 4.38 5.12

1-YEAR TREASURY BILLS 4.49 4.53 5.33

10-YEAR TREASURY NOTES 4.67 4.76 5.69

30-YEAR TREASURY BONDS 5.13 5.18 5.94

LONG-TERM AA INDUSTRIALS 6.09 6.09 6.60

LONG-TERM BBB INDUSTRIALS 6.75 6.84 7.01

LONG-TERM AA TELEPHONES 6.35 6.40 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

BLOOMBERG MUNI YIELD

GENERAL OBLIGATIONS 4.08% 4.16% 4.82% 4.90%

PERCENT OF TREASURIES 87.35 87.67 94.05 94.84

TAXABLE EQUIVALENT 5.91 6.03 6.99 7.10

INSURED REVENUE BONDS 4.23 4.32 5.09 5.18

PERCENT OF TREASURIES 90.56 91.04 99.32 100.21

TAXABLE EQUIVALENT 6.13 6.26 7.38 7.51

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Perkins Opportunity 33.7 Montgomery Latin Amer. R -31.3

Internet 32.5 ProFunds UltraShort OTC Inv. -23.7

WWW Internet 26.9 Offitbank Latin Amer. Sel. -23.1

ProFunds UltraOTC Inv. 25.9 Invesco Latin American Gr. -22.3

Munder NetNet A 21.8 Ivy South America B -20.5

Leaders Laggards

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

Internet 283.2 Lexington Troika Russia -79.0

ProFunds UltraOTC Inv. 238.0 Montgomery Latin Amer. R -63.4

Amerindo Technology D 154.2 American Heritage -59.0

Potomac OTC Plus 130.2 Potomac OTC/Short -58.5

Dreyfus Technology Growth 127.7 Offitbank Latin Amer. Sel. -54.3

EQUITY FUND CATEGORIES

Leaders Laggards

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

Technology 11.9 Latin America -15.9

Communications 10.2 Pacific/Asia ex-Japan -4.1

Small-cap Growth 5.1 Diversified Emerging Mkts. -3.2

Mid-cap Growth 4.3 Natural Resources -1.4

Japan 3.3 Financial -0.9

Leaders Laggards

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

Technology 69.1 Latin America -42.7

Communications 58.4 Diversified Emerging Mkts. -23.0

Large-cap Growth 42.4 Natural Resources -22.2

Large-cap Blend 25.4 Real Estate -16.0

Mid-cap Growth 24.8 Precious Metals -15.2

All data are as of market close Wednesday, Jan. 27, 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. 26 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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