HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Stocks End Mixed on Earnings and Tariff Talk

Earnings and tariffs fueled a bumpy ride that closed mixed as our trading session ended August 15, 2018.


The HVACR Business Stock Index slid 27.90 points, or 1.81 percent, and closed at 1511.08. However, advancing issues outpaced declining issues at a 17-to-14 count.


The Commerce Department reported that sales of new homes fell sharply in June, down 5.3 percent, as homebuilders face rising costs of lumber, and home buyers face rising mortgage rates. In a separate report, the department said that spending on construction fell 1.1 percent in June, the largest drop in over a year.


Watsco tumbled 14.01 points, or 7.61 percent, and closed at 170.05 after missing second quarter estimates. WSO earned net income of $90 million, or $2.40 per share, compared to last year’s net income of $2.07 per share.


Newell Brands fell 6.91 points, or 24.86 per share after exceeding on revenue but falling short on revenue. For the second quarter, NWL earned $131.7 million, or $0.27 per share.


U.S. shipments of central air conditioners and air-source heat pumps totaled 1,120,459 units in June 2018, up 3.8 percent from 1,079,859 units shipped in June 2017.


Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 6.1 percent, to 4,654,900, up from 4,386,386 units shipped in June 2017. Year-todate shipments of central air conditioners increased 4 percent, to 3,049,440 units, up from 2,932,294 units shipped during the same period in 2017.


Stock Index
August 15, 2018

AAON $39.95 4.20
ABB $22.12 0.49
AOS $57.98 2.25
FIX $55.40 7.10
DOV $82.35 7.44
ELON $8.40 0.11
DWDP $66.46 0.10
EME $76.55 0.80
EMR $73.56 2.98
FCAU $15.61 3.82
F $9.45 1.53
GM $35.94 3.42
HON $153.18 5.68
HDSN $1.83 0.33
IR $97.90 6.85
JCI $37.55 2.43
LII $222.08 6.99
LXU $6.73 0.24
MTW $21.82 5.57
MLI $31.01 1.39
NWL $20.89 6.91
NSANY $18.57 0.38
OFLX $86.55 3.59
PH $166.49 4.98
RBC $80.40 2.05
ROK $171.69 0.62
SIEGY $62.31 5.91
SPXC $33.93 2.68
TXN $109.60 5.54
UTX $131.75 2.24
WSO $170.05 14.01
  Price 8/15/18 Price 7/13/18 Net Change Percent Change
HVACR Business Stock Index $1,511.08 $1,538.98 -27.90 -1.81%
Dow Jones Industrial Average $25,162.41 $25,019.41 143.00 0.57%
S&P 500 Index $2,818.37 $2,801.31 17.06 0.61%
NASDAQ Composite $7,774.12 $7,825.98 -51.86 -0.66%
 

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