HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Stocks Plummet into Negative Terrain

As our month began, it took just eight trading days for the Dow industrials to surge from 25,000 to 26,000, but as our trading session ended Feb. 15, 2018, Wall Street had tumbled just as far and fast into correction territory.


The HVACR Business Stock Index plunged 101.46 points, or 5.91 percent and closed at 1615.38. Declining issues dominated advancing issues by a 29-to-2 count.


Ingersoll-Rand met fourth quarter earnings estimates, but exceeded on revenue and posted a bullish forecast, which sent its shares ahead 0.91 points, or 1.00 percent. IR said it earned $459.9 million, or $1.81 per share.


Analysts expected earnings of $1.02, and revenue of $3.52 billion. For 2018, revenues are expected to increase between 5 percent and 5.5 percent. IR ended at 92.01, and was the top dollar gainer.


Although Parker-Hannifin beat on fiscal second quarter earnings and revenue, it also received a downgrade, and tumbled 25.41 points, or 12.10 percent.


U.S. shipments of gas warm air furnaces for December 2017 increased 2.6 percent, to 310,688 units, up from 302,668 units shipped in December 2016.


Oil warm air furnace shipments decreased 14.2 percent, to 4,730 units in December 2017, down from 5,510 units shipped in December 2016.


Stock Index
February 15, 2018

AAON $34.60 1.95
ABB $25.47 2.62
AOS $65.23 0.09
FIX $41.45 2.65
DOV $101.59 2.55
ELON $4.71 1.19
DWDP $71.85 3.56
EME $76.50 7.64
EMR $71.50 2.41
FCAU $22.39 1.00
F $10.76 2.47
GM $41.85 2.22
HON $153.42 5.65
HDSN $6.06 0.31
IR $92.01 0.91
JCI $38.19 1.61
LII $207.23 3.45
LXU $7.33 2.43
MTW $35.27 4.09
MLI $26.65 10.26
NWL $27.64 4.62
NSANY $21.05 0.30
OFLX $60.90 5.30
PH $184.63 25.41
RBC $75.95 2.10
ROK $187.58 20.34
SIEGY $69.10 5.55
SPXC $31.30 1.63
TXN $104.57 8.15
UTX $130.00 6.58
WSO $169.73 4.51
  Price 2/15/18 Price 1/16/18 Net Change Percent Change
HVACR Business Stock Index $1,615.38 $1,716.84 -101.46 -5.91%
Dow Jones Industrial Average $25,200.37 $25,803.19 -602.82 -2.34%
S&P 500 Index $2,731.20 $2,786.24 -55.04 -1.98%
NASDAQ Composite $7,256.43 $7,261.06 -4.63 -0.06%
 

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