HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Market Turbulence Dominates Session

Wall Street began our session on concerns of an oil glut and the slowdown of the global economy, and closed with trouble about Brexit and worries about China’s economy as our trading session ended Dec. 14, 2018.


The HVACR Business Stock Index lost 90.83 points, or 6.38 percent, and ended at 1332.91, its lowest close in over two years. Declining issues dominated advancing issues by a 9-to-1 margin.


The Commerce Department reported that durable goods slid by 4.4 percent in October, the biggest drop in 15 months. However, consumers spent more in October, at the fastest rate in seven months.


Parker-Hannifin tumbled 18.92 points, or 11.13 percent, and closed at 151.02. Korean energy firm LS Industrial Systems has acquired PH’s division, Energy Grid Tie.


Manitowoc slid 3.80 points, or 19.93 percent, and closed at 15.27. MTW has a consensus rating of “hold” from the sixteen analysts that cover the stock. The average price objective is $30.91.


Year-to-date U.S. shipments of residential gas storage water heaters increased 3.7 percent, to 3,768,786, compared to 3,633,403 shipped during that same period in 2017.


Year-to-date U.S. shipments of gas warm air furnaces increased 10.5 percent, to 2,804,483 units, compared with 2,538,683 units shipped during the same period in 2017. Year-to-date U.S. shipments of oil warm air furnaces increased 2.8 percent, to 29,046 units, compared with 28,249 units shipped during the same period in 2017.


Stock Index
December 14, 2018

AAON 35.30 5.66
ABB 19.40 0.55
AOS 41.41 4.84
FIX 45.08 11.03
DOV 76.32 9.87
DWDP 52.78 5.95
EME 63.51 10.75
EMR 60.44 8.37
FCAU 15.47 1.11
F 8.52 0.79
GM 35.10 0.45
HON 136.44 11.33
HDSN 1.27 0.18
IR 95.97 7.75
JCI 31.97 1.55
LII 213.88 1.32
LXU 6.50 0.75
MTW 15.27 3.80
MLI 24.00 1.29
NWL 22.08 0.70
NSANY 16.32 1.61
OFLX 53.53 5.14
PH 151.02 18.92
RBC 73.03 4.74
ROK 156.74 15.96
SIEGY 56.34 1.59
SPXC 26.87 2.88
TXN 94.26 3.70
UTX 118.80 10.93
WSO 147.43 1.62
  Price 12/14/18 Price 11/15/18 Net Change Percent Change
HVACR Business Stock Index $1,332.91 $1,423.73 -90.83 -6.38%
Dow Jones Industrial Average $24,100.51 $25,289.27 -1,188.76 -4.70%
S&P 500 Index $2,599.95 $2,730.20 -130.25 -4.77%
NASDAQ Composite $6,910.67 $7,259.03 -348.36 -4.80%
 

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