HVACR BUSINESS Market Watch
MARKETWATCH
Ruth King
 
 
 
Stock Index Recovers from Last Month’s Swoon

Our month began in turbulence with the start of earnings season and closed as stocks see-sawed with a plunge in oil as our trading session ended mixed Nov. 15, 2018.


The HVACR Business Stock Index inched down 3.01 points, or 0.21 percent, closing at 1423.73; the largest four companies in the index ended in negative terrain. However, advancing squeezed by declining issues by a 15-to-14 count.


The National Association of Realtors said that home sales in September dropped for the sixth consecutive month, down 3.4 percent, the largest decline in two and a half years, and the lowest rate since November 2015.


LSB Industries widened its loss and shares fell 1.35 points, or 15.70 percent. For the third quarter, LXU said it lost $26.1 million, or $1.22 per share, compared to a loss of $17.1 million, or $0.91 per share in the year-ago quarter.


Lennox was the top dollar gainer this month despite missing on earnings and revenue. For the third quarter, LII posted net income of $108 million, or $2.65 per share. Adjusted for one-time items, Lennox earned $2.72 per share.


U.S. shipments of residential gas storage water heaters for September 2018 decreased 12.8 percent, to 328,712 units, down from 377,044 units shipped in September 2017.


Year-to-date U.S. shipments of residential gas storage water heaters increased 2.9 percent, to 3,395,336, compared to 3,298,549 shipped during that same period in 2017. Residential electric storage water heater shipments increased 2.9 percent year-to-date, to 3,198,946 units, compared to 3,108,192 shipped during the same period in 2017.


Stock Index
September 14, 2018

AAON $40.96 8.71
ABB $19.95 1.14
AOS $46.25 1.31
FIX $56.11 4.18
DOV $86.19 4.16
DWDP $58.73 0.21
EME $74.26 5.14
EMR $68.81 2.61
FCAU $16.58 0.36
F $9.31 0.50
GM $35.55 3.43
HON $147.77 8.44
HDSN $1.09 0.14
IR $103.72 6.61
JCI $33.52 0.37
LII $215.20 15.49
LXU $7.25 1.35
MTW $19.07 1.98
MLI $25.29 0.52
NWL $21.38 3.95
NSANY $17.93 0.11
OFLX $58.67 4.23
PH $169.94 6.41
RBC $77.77 0.55
ROK $172.70 3.68
SIEGY $57.93 0.26
SPXC $29.75   0.00
TXN $97.96 1.47
UTX $129.73 0.60
WSO $145.81 18.46
  Price 11/15/18 Price 10/15/18 Net Change Percent Change
HVACR Business Stock Index $1,423.73 $1,426.74 -3.01 -0.21%
Dow Jones Industrial Average $25,289.27 $25,250.55 38.72 0.15%
S&P 500 Index $2,730.20 $2,750.79 -20.59 -0.75%
NASDAQ Composite $7,259.03 $7,430.74 -171.71 -2.31%
 

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