HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Geopolitical, Trade Tensions Continue;
Wall Street Remains Positive

Our session was book-ended with the Korean summit: as the month began, the summit was abruptly cancelled, then revived, and concluded as our session ended June 15, 2018.


The HVACR Business Stock Index rose 28.81 points, or 1.85 percent. Advancing issues topped declining issues by a 17-to-14 count.


The Commerce Department reported a slowdown in the U.S. economy in the first quarter, with the gross domestic product (GDP) up a modest 2.3 percent annual growth rate; consumer spending was the softest in almost five years.


General Motors jumped 6.97 points, or 18.87 percent. Investment firm Evercore ISI Research increased its rating to “outperform” from “in-line.” GM ended at 43.91, and was the top percentage gainer.


Omega Flex fell 2.40 points, or 3.33 percent. The company announced its regular quarterly dividend. The $0.24 per share will be payable on July 3, 2018 to shareholders of record as of June 18, 2018.


U.S. shipments of central air conditioners and air-source heat pumps totaled 732,858 units in April 2018, up 5.6 percent from 694,089 units shipped in April 2017. U.S. shipments of air conditioners increased 4.6 percent, to 489,558 units, up from 467,884 units shipped in April 2017.


Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 6.4 percent, to 2,559,978, up from 2,406,068 units shipped in April 2017.


Stock Index
June 15, 2018

AAON $33.30 3.80
ABB $23.03 0.79
AOS $62.88 0.10
FIX $47.90 3.15
DOV $76.82 0.13
ELON $4.15 0.04
DWDP $67.75 0.60
EME $77.70 2.23
EMR $72.28 0.45
FCAU $20.85 1.53
F $11.88 0.66
GM $43.91 6.97
HON $150.23 2.88
HDSN $2.19 0.33
IR $92.14 3.26
JCI $35.04 1.23
LII $211.33 12.20
LXU $5.15 0.27
MTW $25.45 0.05
MLI $30.41 1.13
NWL $26.05 0.29
NSANY $19.77 0.66
OFLX $69.70 2.40
PH $170.92 5.74
RBC $82.40 3.10
ROK $177.66 0.52
SIEGY $69.46 0.57
SPXC $36.86 3.41
TXN $115.89 6.68
UTX $126.91 2.36
WSO $187.90 9.13
  Price 6/15/18 Price 5/15/18 Net Change Percent Change
HVACR Business Stock Index $1,584.08 $1,555.28 $28.81 1.85%
Dow Jones Industrial Average $25,090.48 $24,706.41 $384.07 1.55%
S&P 500 Index $2,779.66 $2,711.45 $68.21 2.52%
NASDAQ Composite $7,746.38 $7,351.63 $394.75 5.37%
 

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