Figures Of The Week

Figures of the Week
Figures of the Week
COMMENTARY
      Stocks performed surprisingly well considering the sharp 0.7% uptick in the 
      consumer price index and the Fed's move toward tightening. Bonds rallied on 
      May 19, in large part reflecting the break in oil prices below $17 a barrel, 
      compared with almost $19 two weeks ago. Japanese stocks lost ground as 
      evidence mounted that Japan is failing to cope with its economic problems.
      Data: Bloomberg Financial Markets
      
      STOCKS
                                                               % change
      U.S. MARKETS                             May 19       Week       Year
      Dow Jones Industrials                   10,887.4      -1.0       18.7
      NASDAQ Composite                          2577.4      -1.1       40.7
      NASDAQ 100                                2186.2      -1.4       76.6
      S&P MidCap 400                             403.7      -1.0       10.0
      S&P SmallCap 600                           176.8      -0.4       -9.7
      S&P SuperComposite 1500                    282.3      -1.4       18.1
      
                                                               % change
      SECTORS                                    May 19     Week       Year
      S&P BARRA Growth                           747.7      -1.1       27.9
      S&P BARRA Value                            616.3      -1.8       11.6
      S&P Basic Materials                        137.4      -2.3       -2.9
      S&P Capital Goods                         1002.8      -1.6       14.1
      S&P Energy                                 823.8      -2.4        5.4
      S&P Financials                             145.4      -2.9        7.0
      S&P REIT                                    87.6      -2.4      -16.5
      S&P Transportation                         791.6      -4.5       11.5
      S&P Utilities                              264.0       2.7       12.0
      GSTI Internet                              562.7      -2.8      298.4
      Morgan Stanley Cyclical                    591.2      -3.0        8.2
      PSE Technology                             549.9       0.5       58.0
      
                                                               % change
      GLOBAL MARKETS                            May 19      Week       Year
      S&P Euro Plus                             1298.0      -1.0        1.0
      London (FT-SE 100)                        6266.7      -1.2        6.1
      Frankfurt (DAX)                           5213.3      -0.7       -5.4
      Tokyo (NIKKEI 225)                      16,128.2      -4.8        3.0
      Hong Kong (Hang Seng)                   12,403.1      -4.7       29.9
      Toronto (TSE 300)                         7014.4       0.2       -8.8
      Mexico City (IPC)                         5731.2      -2.5       24.4
      
                                                               % change
      FUNDAMENTALS                               May 18     Week       Year
      S&P 500 Dividend Yield                      1.21%     1.17%      1.41%
      S&P 500 P/E Ratio (Trailing 12 mos.)        33.3      34.5       26.4
      S&P 500 P/E Ratio (Next 12 mos.)*           24.5      24.6       21.6
      First Call Earnings Revision*               0.77%     0.57%     -1.20%
      
      *First Call Corp.
      
                                                               % change
      TECHNICAL INDICATORS                      May 18      Week       Year
      S&P 500 200-day average                   1184.3    1178.9       Positive
      Stocks above 200-day average                57.0%     69.0%      Neutral
      Options: Put/call ratio                     0.49      0.45       Negative
      Insiders: Vickers Sell/buy ratio            0.94      0.81       Positive
      
      BEST-PERFORMING        Last                                  Last 12
      GROUPS                 month%                                months %
      Computer Systems       25.5         Broadcasting              83.1
      Tobacco                22.4         Communications Equip.     76.8
      HMOs                   20.9         Long-Dist. Telecomms.     76.1
      Broadcasting           18.3         Transportation Services   68.7
      Communications Equip.  17.2         Computer Systems          66.9
      
      WORST-PERFORMING       Last                                  Last 12
      GROUPS                 month%                                months %
      Food Wholesalers      -13.0         Manufactured Housing     -41.3
      Manufactured Houisng  -12.3         Oil & Gas Drilling       -35.7
      Automobiles           -11.5         Metal & Glass Containers -28.3
      Homebuilding          -11.4         Machine Tools            -28.0
      Gold Mining            -8.8         Hospital Management      -27.1
      
      EQUITY FUND CATEGORIES
      LEADERS                                 LAGGARDS
      FOUR-WEEK TOTAL RETURN         %        FOUR-WEEK TOTAL RETURN     %
      Latin America               11.5        Precious Metals         -4.6
      Technology                   9.1        Japan                   -0.3
      Diversified Emerging Mkts.   8.3        Financial               -0.3
      Small-cap Growth             6.9        International Hybrid     0.8
      Small-cap Blend              6.6        Foreign                  1.0
      
      LEADERS                                 LAGGARDS
      52-WEEK TOTAL RETURN          %         52-WEEK TOTAL RETURN      %
      Technology                  60.2        Precious Metals        -18.7
      Communications              49.1        Small-cap Value        -13.2
      Japan                       28.3        Natural Resources      -12.0
      Large-cap Growth            26.9        Latin America          -10.5
      Pacific/Asia ex-Japan       23.2        Small-cap Blend         -8.7
      
      INTEREST RATES
                                                   Week       Year
      KEY RATES                       May 19       ago        ago
      MONEY MARKET FUNDS              4.44%        4.44%      5.10%
      90-DAY TREASURY BILLS           4.59         4.60       5.23
      1-YEAR TREASURY BILLS           4.87         4.79       5.45
      10-YEAR TREASURY NOTES          5.59         5.51       5.65
      30-YEAR TREASURY BONDS          5.80         5.83       5.94
      30-YEAR FIXED MORTGAGE*******   7.29         7.19       7.12
      
      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
      GENERAL OBLIGATIONS            4.37%                5.06%
      TAXABLE EQUIVALENT             6.33                 7.33
      INSURED REVENUE BONDS          4.50                 5.30
      TAXABLE EQUIVALENT             6.52                 7.68
      *******BanxQuote, Inc.
      
      BW PRODUCTION INDEX
      The production index continued to climb during the week ended May 8. The 
      unaveraged index was up 1.1% to 144.5, from 142.9. After seasonal adjustment, 
      coal output rose 3%, with increased production in Alabama, Kansas, and 
      Kentucky. Rail-freight traffic was up 0.9%, led by a 21.6% increase in grain 
      traffic. Output of autos, trucks, and lumber also rose. On the downside, steel 
      dropped by 1.5%, and crude oil was down 0.8%. Electricity production was 
      unchanged.