HVACR BUSINESS Market Watch
MARKETWATCH
Nexstar
 
 
 
Tariff Wars Create Market Jitters
as Wall Street Begins Earnings Season

It was a turbulent month, as trade worries and looming inflationary pressures vied with strong labor and tech as our trading session ended July 13, 2108.


The HVACR Business Stock Index fell 45.11 points, or 2.85 percent, and closed at 1538.98. Declining issues outpaced advancing issues by a 20-to-11 count.


The Commerce Department said that May’s consumer spending cooled, rising just 0.2 percent. The Commerce Department said that orders for durable goods fell 0.6 percent in May, the second monthly drop.


Echelon Corp jumped 4.14 points, or 99.76 percent after Adesto Technologies announced an agreement with ELON to acquire the company for $8.50 per share, for a total value of about $45 million.


Parker-Hannifin lost 9.41 points, or 5.51 percent. Investment firm KeyBanc Capital Markets maintained its “overweight” rating, but cut its price target to $200, from $225. PH ended at 161.51, and was the top dollar loser.


Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 6.8 percent, to 3,531,224, up from 3,306,527 units shipped in May 2017.


U.S. shipments of central air conditioners and air-source heat pumps totaled 971,246 units in May 2018, up 7.9 percent from 900,459 units shipped in May 2017. U.S. shipments of air conditioners increased 8.2 percent, to 673,010 units, up from 622,245 units shipped in May 2017.


Stock Index
July 13, 2018

AAON $35.75 2.45
ABB $21.63 1.40
AOS $60.23 2.65
FIX $48.30 0.40
DOV $74.91 1.91
ELON $8.29 4.14
DWDP $66.36 1.39
EME $77.35 0.35
EMR $70.58 1.70
FCAU $19.43 1.42
F $10.98 0.90
GM $39.36 4.55
HON $147.50 2.73
HDSN $2.16 0.03
IR $91.05 1.09
JCI $35.12 0.08
LII $215.09 3.76
LXU $6.97 1.82
MTW $27.39 1.94
MLI $29.62 0.79
NWL $27.80 1.75
NSANY $18.19 1.58
OFLX $82.96 13.26
PH $161.51 9.41
RBC $82.45 0.05
ROK $171.07 6.59
SIEGY $68.22 1.24
SPXC $36.61 0.25
TXN $115.14 0.75
UTX $129.51 2.60
WSO $184.06 3.84
  Price 7/13/18 Price 6/15/18 Net Change Percent Change
HVACR Business Stock Index $1,538.98 $1,584.08 -45.11 -2.85%
Dow Jones Industrial Average $25,019.41 $25,090.48 -71.07 -0.28%
S&P 500 Index $2,801.31 $2,779.66 21.65 0.78%
NASDAQ Composite $7,825.98 $7,746.38 79.60 1.03%
 

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