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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA discouraging week in the U.S. financial markets, with stocks falling afterthe Dow Jones industrial average briefly touched the magical 10,000 mark. TheDow closed at a record 9998 on Mar. 18, after climbing above 10,000 during theday. But profit worries, fueled by reports of declining sales in thetechnology sector, sent stocks falling over the next four trading days. Theworst day was Mar. 23, with the Dow falling 219 points. The attack on Kosovocontributed to investor skittishness on Mar. 24.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9666.8 -2.2 8.9

NASDAQ Combined Composite 2365.3 -2.6 29.6

S&P MidCap 400 357.8 -2.6 -2.9

S&P SmallCap 600 155.2 -4.4 -22.0

S&P SuperComposite 1500 264.7 -2.3 12.1

% change

SECTORS Latest Week Year

Bloomberg Information Age 498.6 -2.7 47.3

S&P Financials 137.5 -2.6 2.7

S&P Utilities 246.4 0.9 -0.6

PSE Technology 474.2 -3.1 37.3

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 6016.7 -2.0 0.8

Frankfurt (DAX) 4780.1 -5.9 -6.2

Tokyo (NIKKEI 225) 15,515.5 -4.6 -6.9

HOng Kong (Hang Seng) 10,711.3 -2.1 -9.3

Toronto (TSE 300) 6527.3 -1.0 -13.9

Mexico City (IPC) 4819.5 -0.7 -3.6

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.27% 1.23% 1.36%

S&P 500 P/E Ratio (Last 12 mos.) 33.2 34.3 27.7

S&P 500 P/E Ratio (Next 12 mos.)* 24.0 24.8 21.9

First Call Earnings Revision* -1.48% -1.64% -3.48%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1146.4 1141.5 Positive

Stocks above 200-day average 29.0% 32.0% Positive

Options: Put/call ratio 0.52 0.50 Negative

Insiders: Vickers Sell/buy ratio 1.06 1.09 Positive

Data: Bloomberg Financial Markets; *First Call Corp.

BEST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling 36.3 Specialty Appar. Retailers 78.1

Oil Exploration & Prod. 28.1 Restaurants 66.0

Oil-Well Equip. & Svcs. 21.7 Computer Systems 64.8

Domestic Oil 16.3 Communications Equip. 64.0

Invest. Banking/Brkrge. 14.9 Broadcasting 59.8

WORST-PERFORMING Last Last 12

GROUPS month% months%

Drug Chains -22.7 Engineering & Constr. -50.9

Engineering & Constr. -20.8 Machine Tools -48.4

Machine Tools -12.4 Oil & Gas Drilling -48.0

Manufactured Housing -11.9 Hospital Management -43.5

Homebuilding -11.6 Metal & Glass Containers -41.7

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 165 3/8 -8 3/8

Vodapone Group-ADR 166 1/16 -21 5/16

Texas Instruments 91 1/4 -10 3/4

Motorola 70 -2 3/8

Lucent Technologies 100 3/16 -2 3/4

Micron Technology 50 5/8 -21 3/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 166 9/16 13 11/16

MCI WorldCom 86 2 1/16

Amgen 75 13/16 12 5/16

Sun Microsystems 109 7/8 8 13/16

Cisco Systems 100 5/16 3/8

eBay 146 3/8 51 3/64

INTEREST RATES

Latest Week Year

week% ago% ago%

MONEY MARKET FUNDS 4.48 4.50 5.11

90-DAY TREASURY BILLS 4.48 4.50 5.17

6-MONTH BANK CDS 4.35 4.35 5.07

1-YEAR TREASURY BILLS 4.68 4.72 5.37

10-YEAR TREASURY NOTES 5.15 5.12 5.64

30-YEAR TREASURY BONDS 5.53 5.50 5.94

LONG-TERM AA INDUSTRIALS 6.45 6.37 6.51

LONG-TERM BBB INDUSTRIALS 7.12 7.00 6.98

LONG-TERM AA TELEPHONES 6.62 6.58 6.79

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 4.22% 4.23% 4.94% 4.95%

PERCENT OF TREASURIES 81.84 82.62 89.28 89.98

TAXABLE EQUIVALENT 6.12 6.13 7.16 7.17

INSURED REVENUE BONDS 4.31 4.32 5.18 5.19

PERCENT OF TREASURIES 83.59 84.38 93.61 94.34

TAXABLE EQUIVALENT 6.25 6.26 7.51 7.52

EQUITY FUNDS

Leaders Laggards

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

Fidelity Sel. Energy Serv. 29.5 American Heritage -20.0

Icon Energy 26.9 CGM Focus -13.6

Rydex Energy Svcs. Inv. 26.7 PBHG Emerging Growth -12.8

Matthews Korea I 23.7 Navellier Aggr. Micro Cap -12.6

Internet 21.0 PBHG Limited -12.3

Leaders Laggards

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

Internet 324.5 Lexington Troika Russia -75.9

Amerindo Technology D 148.7 American Heritage -63.2

ProFunds UltraOTC Investor 120.7 Vontobel Eastern Europ. Eq. -54.0

Grand Prix 115.0 Excelsior Latin America -51.4

Berkshire Capital Gr. & Val. 111.2 State St. Res. Glob. Res. C -51.1

EQUITY FUND CATEGORIES

Leaders Laggards

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

Japan 13.5 Small-cap Blend -4.7

Diversified Pacific/Asia 12.3 Small-cap Value -4.7

Latin America 12.1 Small-cap Growth -4.3

Pacific/Asia ex-Japan 11.5 Real Estate -3.6

Natural Resources 11.2 Mid-cap Blend -2.4

Leaders Laggards

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

Technology 43.8 Latin America -38.6

Communications 34.9 Diversified Emerging Mktks. -27.5

Large-cap Growth 24.9 Natural Resources -25.0

Japan 21.3 Small-cap Value -23.0

Large-cap Blend 10.4 Small-cap Blend -22.0

All data are as of market close Wednesday, Mar. 24, 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 Mar. 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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