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Wall Street Mixed after Late Stumbles

Originally published: 11.17.15 by Margot Crabtree


Markets began our session solidly positive, but as our trading session ended November 13, 2015, a looming rate hike and weak retail going into the holiday season dampened investor spirits.

As the session began, word of more economic stimulus in Europe and an interest rate cut by Chinese central bankers helped buoy markets. Home sales and housing starts rallied in September after the August slump. The National Association of Realtors said that sales of existing homes climbed 4.7 percent in September.

The Commerce Department said that September’s housing starts jumped 6.5 percent, but a 17 spike in multi-family housing was responsible for nearly all that improvement. The National Association of Home Builders/Wells Fargo builder sentiment index grew to 64 in October, from 61 in September, the highest in 10 years.

October ended with the biggest gains in four years.

The Commerce Department reported that the economy cooled off in the summer months, with lower production and inventories. The gross domestic product improved just 1.5 percent, lower than forecast. The Federal Reserve indicated that the economy may be strong enough to weather a rate hike in December.

Weak worldwide demand showed that Chinese exports fell in October by 6.9 percent, and imports also tumbled, further


dampening hopes for an economic turnaround there.

“The market has internalized the fact that there is going to be a rate increase,” said Donald Selkin, chief market strategist at National Securities in New York. “The market is going to drift for the next few weeks until the Fed announces its decision, but you will see big moves in individual stocks.”

Exchange
Symbol
Company Name
Price
11/13/15
Price
10/15/15
Net
Change
PercentChange
52-Week
High
52-Week
Low
Shares
Outstanding
Market
Capitalization
NASD AAON AAON, Inc. 23.48 21.07 2.41 11.44% 25.17 18.85 54090 1270033.2
NYSE ABB ABB Ltd. 18.29 18.66 -0.37 -1.98% 23.66 17.13 2220000 40603800
NYSE ARG Airgas, Inc. 101.82 92.79 9.03 9.73% 119.00 86.09 72060 7337149.2
NYSE AOS AO Smith Corp. 75.60 69.44 6.16 8.87% 78.97 50.09 74890 5661684
NYSE FIX Comfort Systems USA, Inc. 29.90 29.50 0.40 1.36% 35.00 13.99 37290 1114971
NYSE DOV Dover Corp. 63.10 59.80 3.30 5.52% 83.55 55.50 154970 9778607
NASD ELON Echelon Corp. 0.71 0.61 0.10 16.39% 1.95 0.48 44160 31353.6
NYSE DD E. I. DuPont de Nemours & Co. 67.05 56.70 10.35 18.25% 76.59 47.11 876410 58763290.5
NYSE EME EMCOR Group, Inc. 48.32 45.85 2.47 5.39% 49.98 39.43 62720 3030630.4
NYSE EMR Emerson Electric Co. 47.69 46.82 0.87 1.86% 65.94 42.21 657140 31339006.6
NYSE FCAU Fiat Chrysler 13.52 16.32 -2.80 -17.16% 17.08 11.08 1290000 17440800
NYSE F Ford Motor Co. 13.92 15.22 -1.30 -8.54% 16.74 10.44 3900000 54288000
NYSE GM General Motors Co. 34.31 33.32 0.99 2.97% 38.99 24.62 1560000 53523600
NYSE HON Honeywell International, Inc. 101.08 98.50 2.58 2.62% 107.41 87.00 770690 77901345.2
NASD HDSN Hudson Technologies, Inc. 3.01 3.30 -0.29 -8.79% 4.75 2.45 32690 98396.9
NYSE IR Ingersoll-Rand Plc 56.86 54.25 2.61 4.81% 70.93 49.74 261050 14843303
NYSE JCI Johnson Controls, Inc. 43.08 44.21 -1.13 -2.56% 54.52 38.48 647400 27889992
NYSE LII Lennox International Inc. 133.33 117.82 15.51 13.16% 136.90 90.85 45060 6007849.8
NYSE LXU LSB Industries, Inc. 6.96 17.71 -10.75 -60.70% 47.33 5.50 22810 158757.6
NYSE MTW Manitowoc Co., Inc. 15.56 15.07 0.49 3.25% 23.15 13.86 136590 2125340.4
NYSE MLI Mueller Industries, Inc. 30.19 31.78 -1.59 -5.00% 37.18 28.81 57160 1725660.4
NYSE NWL Newell Rubbermaid, Inc. 42.68 42.42 0.26 0.61% 44.99 34.44 267100 11399828
OTC NSANY Nissan Motor Co. Ltd. 20.57 20.17 0.40 1.98% 21.75 16.65 2100000 43197000
NASD NTK Nortek, Inc. 45.67 62.80 -17.13 -27.28% 92.96 44.41 16260 742594.2
NASD OFLX OmegaFlex, Inc. 39.30 36.45 2.85 7.82% 43.20 23.50 10090 396537
NYSE PH Parker-Hannifin Corp. 99.85 102.37 -2.52 -2.46% 133.41 93.47 135980 13577603
NYSE RBC Regal-Beloit Corp. 61.95 60.83 1.12 1.84% 81.36 54.51 44840 2777838
NYSE ROK Rockwell Automation 102.64 105.24 -2.60 -2.47% 127.05 98.47 134110 13765050.4
OTC SIEGY Siemens Aktiengesellschaft  99.48 96.68 2.80 2.90% 120.26 87.88 822420 81814341.6
NYSE SPXC SPX Corp.  10.74 11.80 -1.06 -8.98% 23.87 10.64 40800 438192
NYSE TXN Texas Instruments 56.13 52.43 3.70 7.06% 59.99 43.49 1010000 56691300
NYSE UTX United Technologies Corp. 96.48 93.18 3.30 3.54% 124.45 85.50 887020 85579689.6
NYSE WSO Watsco, Inc. 120.86 126.64 -5.78 -4.56% 133.09 99.15 27610 3336944.6

 

The HVACR Business Stock Index gained 13.21 points, or 1.15 percent, and closed at 1158.73. Advancing issues topped declining issues at a 21-to-12 count.

Lennox bested expectations and shares soared 15.51 points, or 13.16 percent. LII reported third quarter net income of $80.3 million, or $1.76 per share, compared to net income of $67.4 million, or $1.38 per share earned in the same quarter last year. Adjusted for one-time items, Lennox earned $1.82 per share. Revenue rose to $955 million, from $898 million.

Analysts surveyed by Zacks expected earnings of $1.80 per share and revenue of $940.3 million. LII closed at 133.33, and was the top dollar gainer.

Nortek tumbled 17.13 points, or 27.28 percent after swinging to a loss for the third quarter. NTK posted a loss of $14.4 million, or $0.90 per share, versus net income of $4.6 million, or $0.29 per share in the year-ago quarter. Revenue fell to $618.5 million, from $642 million a year ago. Nortek ended at 45.67, and was the top dollar loser.

Although earnings for DuPont fell in its third quarter, the results beat expectations, and shares jumped 10.35 points, or 18.25 percent. DD earned net income of $235 million, or $0.26 per share, versus net income of $433 million, or $0.47 per share last year, on weak agricultural sales and a strong dollar.

Sales fell to $4.9 billion, from $5.9 billion last year. Adjusted for one-time items, DuPont earned $0.13 per share. Analysts polled by Zacks expected earnings of $0.11 per share and sales of $5.22 billion. DuPont ended at 67.05, and was the top percentage gainer.


Margot Crabtree is president of Trade Trends, Inc., a financial data services provider. She has been offering market analysis with customized stock indices and financial commentaries since 1999. For additional information, visit  www.tradetrendsonline.com

 




About Margot Crabtree

Margot is president of Trade Trends, Inc., a financial data services provider. She has been offering market analysis with customized stock indices and financial commentaries since 1999. For additional information, visit tradetrendsonline.com.

 

 




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