Investment Figures Of The Week

COMMENTARY

Another great week for stocks. The major indexes all posted new highs, with the

Dow industrials rising 1.8%, the S&P 500 2.2%, and the Nasdaq composite 2.4%.

The big move in the Nasdaq reflected a sharp rebound in computer stocks as well

as continued strength in biotech. But underlying it all is the flood of money

going into the market from mutual funds. In January, investors poured a record

$24.5 billion into equity mutual funds, topping the previous monthly high set

two years ago by more than $6 billion.

MARKET ANALYSIS

Investment Figures of the Week
                                                             % change
      U.S. STOCKS                               Latest    Week     52-week
      DOW JONES INDUSTRIALS                     5492.1    1.8      39.6
      MIDSIZE COMPANIES (S&P MidCap Index)      224.1     1.5      26.4
      SMALL COMPANIES (Russell 2000)            319.4     1.3      25.9
      ALL COMPANIES (Russell 3000)              369.0     2.0      33.9
      
      FUNDAMENTALS                              Latest    Week ago Year ago
      90-DAY TREASURY BILL YIELD                4.94%     5.04%    5.89%
      30-YEAR TREASURY BOND YIELD               6.15%     6.02%    7.64%
      S&P 500 DIVIDEND YIELD                    2.11%     2.14%    2.69%
      S&P 500 PRICE/EARNINGS RATIO              18.8      18.1     16.4
      
                                                  % change (local currency)
      FOREIGN STOCKS                            Latest    Week     52-week
      LONDON (FINANCIAL TIMES 100)              3726.1    -0.9     21.3
      TOKYO (NIKKEI INDEX)                      20,943.5  0.6      14.5
      TORONTO (TSE COMPOSITE)                   5026.5    1.2      22.5
      
      TECHNICAL INDICATORS                      Latest    Week ago Reading
      S&P 500 200-day moving average            574.3     571.0    Positive
      Stocks above 200-day moving average       71.0%     70.0%r   Negative
      Speculative sentiment: Put/call ratio     0.63      0.62r    Neutral
      Insider sentiment: Vickers sell/buy ratio 1.63      1.57     Positive
      BLOOMBERG FINANCIAL MARKETS
      
      INDUSTRY GROUPS
                             % change                      % change
                            1-    12-   Strongest stock   1-    12-
      ONE-MONTH LEADERS     month month in group          month month Price
      1 DEFENSE ELECTRONICS 25.6  131.8 LORAL             28.3  124.8 46 1/2
      2 COMPUTER SYSTEMS    20.0   50.6 DIGITAL EQUIPMENT 29.7  104.8 75 1/4
      3 HOTELS AND MOTELS   17.8   28.1 HILTON HOTELS     41.8   31.9 89 7/8
      4 COMMUNICATIONS      15.9   60.3 TELLABS           25.3   83.4 47
        EQUIPMENT
      5 GOLD MINING         15.9   57.7 SANTA FE          28.8   98.6 17 7/8
                                        PACIFIC GOLD
                             % change                    % change
                            1-    12-   Weakest stock   1-    12-
      ONE-MONTH LAGGARDS    month month in group        month month Price
      1 MACHINE TOOLS       -10.7  -0.8 CINCINNATI      -12.4   3.3 23 3/4
                                        MILACRON
      2 TRUCKING             -7.6 -10.2 CONSOLIDATED    -15.1  10.1 23 1/8
                                        FREIGHTWAYS
      3 POLLUTION CONTROL    -4.6  -1.1 WMX TECHNOLOGIES -6.1   0.0 29
      4 HOMEBUILDING         -4.4  30.5 CENTEX          -13.2  20.4 29 1/2
      5 GENERAL MERCHANDISE  -4.3   1.8 KMART           -12.5 -49.6  7
        CHAINS
      MORNINGSTAR INC.
      
      MUTUAL FUNDS
      LEADERS                        LAGGARDS
      Four-week total return      %  Four-week total return         %
      1 MIDAS                   21.7 WRIGHT EQUIFUND-SWITZERLAND  -4.6
      2 BLANCHARD PRECIOUS      21.3 HOTCHKIS & WILEY SMALL CAP   -3.9
        METALS
      3 SCUDDER GOLD            21.0 FIDELITY SELECT              -3.6
                                     AIR TRANSPORTATION
      52-week total return        %  52-week total return           %
      1 MIDAS                  106.0 EV MARATHON GREATER INDIA   -29.2
      2 ALGER CAPITAL           80.5 AMERICAN HERITAGE           -25.9
        APPRECIATION
      3 IDS PRECIOUS            79.8 STEADMAN AMERICAN INDUSTRY  -18.6
        METALS A
      DRI/McGRAW-HILL
      
      RELATIVE PORTFOLIOS
      Dollar amounts represent the present value of $10,000 invested one year ago in 
      each portfolio
      
      Percentages indicate five-day total returns
      
         U.S.      Treasury  Foreign             Money
         stocks    bonds     stocks    Gold      market fund
         $13,697   $12,767   $12,191   $10,583   $10,563
         +2.57%    -1.16%    +1.94%    +1.43%    +0.12%
      
      All data on this page are as of market close Wednesday, Feb. 7, 1996, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close Feb. 6. Mutual fund returns 
      are as of Feb. 2. Relative portfolios are valued as of Feb. 6. A more detailed 
      explanation of this page is available on request. r=revised
      
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