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Volatile Markets End Mixed

Originally published: 05.01.14 by Margot Crabtree


Wall Street see-sawed this month, with geo-political pressures weighing on markets and economic data — in general — trending upward. As our trading session ended April 15, 2014, retail sales numbers and earnings results boosted all sectors except tech into positive terrain. Bio-techs stumbled as our session began, while uncertainty in China growth and tensions in Russia kept the geo-political pot bubbling, and comments from Fed chief Janet Yellen indicated that the central bankers are eyeing interest rate hikes down the road.

The Commerce Department reported that permits to build new homes — an indicator of future housing health — rose to the highest level in four months. The Thomson Reuters/University of Michigan index of consumer sentiment fell to 80.0 in March, down from 81.6 the month before.

In early April, payroll company ADP said that private companies added 191,000 jobs in March, and upwardly revised February numbers to 153,000, from an earlier-reported 139,000. Then, the Labor Department reported that employers added 192,000 jobs in March, below what analysts expected. The rate of hiring in the private sector reached a milestone in regaining the employment that disappeared in the 2007-2009 recession, when 8.8 million jobs were lost; 8.9 million jobs have


since been created.

The supply sector index from the Institute for Supply Management rose to 53.1 in the month, from 51.6 in February. The Commerce Department reported that factory orders improved 1.6 percent in February, the strongest in five months.

"Weakness in the biotech and momentum names is getting investors worried about where the market is headed in the near term, eventually triggering a sell-off in everything," said Robert Pavlik, chief market strategist at Banyan Partners in New York. "Our long-term outlook on the market hasn't changed because if you understand why the market is selling off, you know it's not rational, that it doesn't make sense."

Exchange
Symbol
Company Name
Price
7/15/14
Price
6/15/14
Net
Change
PercentChange
52-Week
High
52-Week
Low
Shares
Outstanding
Market
Capitalization
NASD AAON AAON, Inc. 25.89 27.66 -1.77 -0.063991323 34.27 17.92 36690 949904.1
NYSE ABB ABB Ltd. 25.49 24.61 0.88 0.035757822 27.25 20.65 2300000 58627000
NYSE ARG Airgas, Inc. 105.69 106.09 -0.4 -0.003770384 113.16 92.86 73960 7816832.4
NYSE AOS AO Smith Corp. 45.7 45.84 -0.14 -0.003054101 55.18 33.93 91250 4170125
NYSE FIX Comfort Systems USA, Inc. 14.61 16.54 -1.93 -0.11668682 20.95 11.66 37440 546998.4
NYSE DOV Dover Corp. 81.95 79.8 2.15 0.026942356 85.93 55.98 170020 13933139
NASD ELON Echelon Corp. 2.63 3 -0.37 -0.123333333 4.18 1.99 43360 114036.8
NYSE DD E. I. DuPont de Nemours & Co. 66.9 65.77 1.13 0.017181086 68.82 48.23 927720 62064468
NYSE EME EMCOR Group, Inc. 44.46 44.93 -0.47 -0.010460717 48 35.58 66920 2975263.2
NYSE EMR Emerson Electric Co. 66.55 62.56 3.99 0.063778772 70.66 53.09 702980 46783319
NYSE F Ford Motor Co. 15.84 15.08 0.76 0.050397878 18.02 12.65 3940000 62409600
NYSE GM General Motors Co. 33.36 34.09 -0.73 -0.021413904 41.85 28.75 1590000 53042400
NYSE HON Honeywell International, Inc. 91.71 92.01 -0.3 -0.003260515 95.91 70.92 784130 71912562.3
NASD HDSN Hudson Technologies, Inc. 2.94 2.72 0.22 0.080882353 4.45 1.75 25090 73764.6
NYSE IR Ingersoll-Rand Plc 55.57 56.9 -1.33 -0.023374341 63.42 41.56 278040 15450682.8
NYSE JCI Johnson Controls, Inc. 45.96 45.81 0.15 0.003274394 52.5 31.95 664030 30518818.8
NYSE LII Lennox International Inc. 87.05 91.59 -4.54 -0.04956873 94.69 59.26 48940 4260227
NYSE LXU LSB Industries, Inc. 37.28 34.17 3.11 0.091015511 42.06 28.15 22530 839918.4
NYSE MTW Manitowoc Co., Inc. 30.43 31.13 -0.7 -0.022486348 32.8 16.18 134180 4083097.4
NYSE NWL Newell Rubbermaid, Inc. 29.03 29.32 -0.29 -0.009890859 32.54 24.32 278900 8096467
NYSE MLI Mueller Industries, Inc. 29.13 30.235 -1.105 -0.036547048 32.13 24.05 56670 1650797.1
OTC NSANY Nissan Motor Co. Ltd. 17.76 16.75 1.01 0.060298507 24.15 16.45 2100000 37296000
NASD OFLX OmegaFlex, Inc. 20.75 22.85 -2.1 -0.09190372 24.99 12.48 10090 209367.5
NYSE PH Parker-Hannifin Corp. 121.27 116.19 5.08 0.043721491 129.77 84.5 149130 18084995.1
NYSE RBC Regal-Beloit Corp. 74.54 70.92 3.62 0.051043429 80.41 61.86 45090 3361008.6
NYSE ROK Rockwell Automation 122.43 120 2.43 0.02025 128.13 80.6 138780 16990835.4
NYSE SI Siemens AG 131.72 125.75 5.97 0.047475149 139.28 98.69 844420 111227002.4
NYSE SPW SPX Corp.  97.36 101.62 -4.26 -0.041920882 109.89 67.19 44880 4369516.8
NYSE TXN Texas Instruments 45.81 44.31 1.5 0.033852404 49.77 33.56 1080000 49474800
NYSE UTX United Technologies Corp. 115.84 112.6 3.24 0.028774423 120.49 90.3 915240 106021401.6
NYSE WSO Watsco, Inc. 97.72 97.09 0.63 0.006488825 101.13 77.09 32240 3150492.8

 

The HVACR Business Stock Index marched solidly into positive terrain, up 31.93 points, or 2.53 percent, closing at 1292.62. Advancing issues squeaked past declining issues at a 16-to-15 count.

Siemens rose 5.97 points, or 4.75 percent, and closed at 131.72. SI sold its Environmental Systems and Services to Foster Wheeler's Global Power subsidiary. The transaction is expected to close in the second quarter. Siemens has also received a $230 million order for 32 diesel-electric passenger locomotives, and options for another 225 locomotives, valued at up to $1.5 billion. SI was the top dollar gainer.

Despite an upgrade, shares of Lennox International slid 4.54 points, or 4.96 percent. Investment firm Wells Fargo upped its rating to "outperform" from "market perform," citing improvement in the company's market share. LII closed at 87.05, and was the top dollar loser.

LSB Industries rose this session on the news that its subsidiary El Dorado Chemical will not renew its exclusive agreement with Orica International for ammonium nitrate.

LXU Chairman Jack Golsen said, "As a result of the exclusivity provision in our current Agreement with Orica, we cannot sell ammonium nitrate produced at our El Dorado, Arkansas facility into the explosives market."

The current agreement will expire April 9, 2015. LXU added 3.11 points, or 9.10 percent, and was the top percentage gainer. LXU ended at 37.28.


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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