HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Inflation Fears Vie with Earnings; Earnings Win

Markets were choppy with inflationary concerns and trade war jitters, but ended with a broad rally powered by health care, tech and energy as our trading session ended May 15, 2018.


The HVACR Business Stock Index rose 20.97 points, or 1.37 percent, and closed at 1555.28. Advancing issues topped declining issues at a 19-to-12 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.


Regal Beloit jumped 7.10 points, or 9.83 percent. RBC posted first quarter net income of $58.4 million, or $1.31 per share, compared to last year’s $46.3 million, or $1.02 per share.


Comfort Systems increased 4.10 points, or 10.09 percent. FIX reported net income of $16.7 million, or $0.44 per share, from $7.5 million, or $0.20 per share in last year’s first quarter.


Year-to-date U.S. shipments of commercial gas storage water heaters decreased 1.5 percent, to 25,374 units, compared with 25,761 units shipped during the same period in 2017.


Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 6.7 percent, to 1,827,120, up from 1,711,938 units shipped in March 2017.


Stock Index
May 15, 2018

AAON $29.50 4.95
ABB $23.82 0.96
AOS $62.98 0.81
FIX $44.75 4.10
DOV $76.95 1.13
ELON $4.19 0.29
DWDP $67.15 0.98
EME $75.47 3.31
EMR $71.83 3.41
FCAU $22.38 1.03
F $11.22 0.06
GM $36.94 1.79
HON $147.35 1.23
HDSN $2.52 1.90
IR $88.88 4.75
JCI $36.27 2.19
LII $199.13 0.42
LXU $5.42 0.74
MTW $25.50 2.62
MLI $29.28 2.57
NWL $26.34 0.62
NSANY $20.43 0.41
OFLX $72.10 5.60
PH $176.66 4.18
RBC $79.30 7.10
ROK $178.18 5.30
SIEGY $68.89 4.24
SPXC $33.45 0.87
TXN $109.21 7.05
UTX $124.55 1.84
WSO $178.77 4.64
  Price 5/15/18 Price 4/13/18 Net Change Percent Change
HVACR Business Stock Index $1,555.28 $1,534.31 20.97 1.37%
Dow Jones Industrial Average $24,706.41 $24,360.14 346.27 1.42%
S&P 500 Index $2,711.45 $2,656.30 55.15 2.08%
NASDAQ Composite $7,351.63 $7,106.65 244.98 3.45%
 

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