Investment Figures Of The Week

COMMENTARY

The postelection rally rolls on. The supercharged Dow industrials logged 96

points, to close at a new high of 6274 as the yield on the 30-year U.S.

Treasury bond fell to 6.44%, the lowest since March. The S&P 500 and NASDAQ

Composite climbed to new highs on Nov. 11, but pulled back slightly. Technology

stock indexes also reached record levels.

CHANGES IN THIS PAGE

Statistics for gold and the trade-weighted dollar, formerly on this page, are

now on the Business Week Index page. The Russell 2000 index has been replaced

by the S&P supercomposite. For a more detailed explanation of this page, see

page 144. You can also E-Mail figures@businessweek.com.

Data: Bloomberg Financial Markets; First Call Corp.

STOCKS:

Investment Figures of the Week
Investment Figures of the Week
                                           % change
      U.S. MARKETS               Latest  Week    52-week
      Dow Jones Industrials      6274.2  1.6     28.8
      NASDAQ Combined Composite  1260.7  1.2     19.1
      S&P MidCap 400              251.0  1.4     16.3
      S&P SmallCap 600            139.7  1.4     18.8
      S&P SuperComposite 1500     157.5  1.0     22.5
      
                                             % change
      SECTORS                     Latest  Week    52-week
      Bloomberg Information Age   222.0   2.2     12.7
      S&P Financials               79.6  -0.2     33.7
      S&P Utilities               201.7  -0.3     7.9
      PSE Technology              231.8   1.4     NA
      
      FOREIGN MARKETS                         % change
                                  Latest  Week    52-week
      London (FT-SE 100)          3926.9  -0.2    11.0
      Frankfurt (DAX)             2773.4   1.6    27.5
      Tokyo (NIKKEI 225)        20,979.4  -0.1    17.9
      Hong Kong (Hang Seng)     12,943.7   1.3    37.9
      Toronto (TSE 300)           5799.0   0.9    26.3
      Mexico City (IPC)           3401.0   3.4    50.9
      
                                                  Week      Year
      FUNDAMENTALS                      Latest    ago       ago
      S&P 500 Dividend Yield            1.98 %    1.99 %    2.27 %
      S&P 500 P/E Ratio (Last 12 mos.)  20.2      20.1      16.7
      S&P 500 P/E Ratio (Next 12 mos.)  16.0      15.6      NA
      First Call Earnings Surprise      2.50 %    2.53 %    NA
      
      TECHNICAL INDICATORS                      Week
                                     Latest     ago      Reading
      S&P 500 200-day average        664.4      661.7    Positive
      Stocks above 200-day average   64.0 %     61.0 %   Neutral
      Options: Put/call ratio        0.53       0.58     Negative
      Insiders: Vickers Sell/        1.79       1.81     Positive
       buy ratio
      
      BEST-PERFORMING     Last                          Last 12
      GROUPS             month%                         months%
      Toys                 16.9   Oil & Gas Drilling     159.0
      Drugs                       Shoes                   62.9
      Semiconductors       11.7   Oil-Well Equip. & Svcs. 57.8
      Household Products   11.1   Manufactured Housing    57.2
      Building Materials   11.1   Electrical Equipment    48.8
      
      WORST-PERFORMING     Last                        Last 12
      GROUPS               month%                      months%
      Genl. Merchandise
       Chains              -6.9   Trucking               -33.2
      Office Equip. & Supp.-6.2   Machine Tools          -20.6
      Shoes                -5.1   Broadcasting           -15.5
      Food Chains          -4.9   Long-Dist. Telecomm.    -5.8
      Health-Care Svcs.    -4.6   Homebuilding            -4.9
      
      BLOOMBERG MONEY FLOW ANALYSIS
      
      Rebound ahead?
      Stocks with most significant buying on price weakness
                                  1-month
                        Price     change
      Mobil             118 1/4     - 1/4
      Biogen             78 3/4    -4 3/4
      Caterpillar        73 3/4    -  3/8
      Fila Holding-ADR   81 3/8    -9 1/2
      Wal-Mart Stores    25 1/8    -2 1/8
      Texas Instrument   55 1/8     - 1/2
      
      Decline ahead?
      Stocks with most significant selling on price strength
                                  1-month
                        Price     change
      Microsoft         141 3/4     5 1/8
      Worldcom           24 3/8     1 3/4
      Tellabs            84         2 3/16
      Peoplesoft         94 1/2     8 1/2
      Berkshire
       Hathaway         33,500      1600
      Chiron            22 3/4     3 3/8
      
      INTEREST RATES:
      
                               Latest  Week    Year
      KEY RATES                week%   ago%    ago%
      MONEY MARKET FUNDS        4.94    4.96    NA
      90-DAY TREASURY BILLS     5.18    5.17    5.55
      6-MONTH BANK CDS          5.29    5.27    NA
      1-YEAR TREASURY NOTES     5.43    5.43    NA
      10-YEAR TREASURY BONDS    6.19    6.28    NA
      30-YEAR TREASURY BONDS    6.44    6.60    6.29
      LONG-TERM AA INDUSTRIALS  6.95    7.06    NA
      LONG-TERM BBB INDUSTRIALS 7.37    7.50    NA
      LONG-TERM AA TELEPHONES   7.16    7.26    NA
      
      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     4.81%   4.86%   5.45%   5.50%
      PERCENT OF TREASURIES   77.73   77.92   84.52   84.03
      TAXABLE EQUIVALENT      6.97    7.04    7.90    7.97
      INSURED REVENUE BONDS   5.02    5.00    5.72    5.70
      PERCENT OF TREASURIES   81.15   80.20   88.71   87.07
      TAXABLE EQUIVALENT      7.28    7.25    8.29    8.26
      
      Data: Bloomberg Financial Markets
      
      MUTUAL FUNDS:
      
      EQUITY FUNDS
      
      Leaders                  Laggards
      Four-week total            Four-week total
       return           %        return                %
      --------------------------------------------------
      Sequoia          7.4     Dreyfus Aggressive    -11.8
                               Grth.
      CGM Realty       7.2     Premier Strat.Grth. A -11.6
      Rydex Precious   7.1     Matthews Korea        -11.6
       Metals
      Fidelity Sel.    6.5     Dreyfus Special        -9.9
       Air Trans.              Grth. Inv.
      American Cap     6.4     Lutheran Brother       -9.9
       Exchange                Oppt. Gr.
      
      Leaders                  Laggards
      52-week total return     52-week total return
      --------------------------------------------------
      State St. Res.  81.8     Steadman Technology   -33.1
      Glob. Res. A             Grth.
      Fidelity Sel.   67.4     Matthews Korea        -27.9
       Energy Serv.
      Landmark Small  61.8     United Svcs.          -20.2
       Cap Eq. A               Gold Shares
      Dreyfus         56.8     Bhirud Mid Cap Growth -18.6
       Aggressive Value
      Dreyfus         55.1     Merrill Technology C  -16.2
       Aggressive Grth.
      
      EQUITY FUND OBJECTIVES
      Leaders                    Laggards
      Four-week total            Four-week total
      ---------------------------------------------------------------
      Specialty-Financial   4.8  Specialty-Technology            -1.8
      Specialty-Utilities   4.3  Maximum Growth                  -1.8
      Specialty-Real Estate 4.0  Small Company                   -1.3
      Growth and Income     3.3  Specialty-Health                -1.1
      Equity-Income         3.0  Diversified Emerging Market     -0.7
      
      Leaders                    Laggards
      52-week total return       52-week total return
      Specialty-Natural   35.9   Specialty-Technology             8.4
       Resources
      Specialty-Real      28.8   Specialty-Communication         10.3
       Estate
      Specialty-Financial 28.8   Pacific                         10.9
      Growth and Income   23.1   Maximum Growth                  14.5
      Equity-Income       21.5   Asset Allocation                14.7
      
         All data on this page are as of market close Wednesday, Nov. 13, 1996, 
      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. 12. A more detailed explanation of this page is 
      available on request. NA=Not available.  *Vanguard Index 500 fund.
      
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