Despite Wrinkles, Markets Continue Bullish Dominance
Originally published: 06.16.17 by Margot Crabtree
Geo-political turmoil and dust-ups closer to home ruffled the calm, but the stock market continued its determined upward trend. As our trading session ended June 15, 2017, Wall Street shed some of its optimism to close on a downward trend.
The March National Association of Home Builders/Wells Fargo builder sentiment index increased to 70, from April’s 68. The Commerce Department said that new home sales tumbled 11.4 percent in April. The National Association of Realtors said that sales of existing homes in April fell 2.3 percent, as supply shrinks and prices rise.
The Commerce Department said that overall construction spending slid 1.4 percent in April, the deepest drop since a 2.9 downturn a year ago in April. The department also said that new home sales tumbled 11.4 percent in April.
The Commerce Department said that factory orders fell in April 0.2 percent, down for the first time in five months. It was the first drop since November. The Institute for Supply Management reported that its national factory activity inched forwarded to 54.9 in May, from 54.8 in April.
The Commerce Department said that consumer spending rose 0.4 percent in April, from a 0.3 percent in March. Incomes also increased, up 0.4 percent. The Conference Board reported that its consumer confidence index fell to 117.9 in May, from 119.4 in April. The index was 124.9 in March, the highest level in 16 years.
The Commerce Department reported that wholesale inventories slid 0.5 percent in April following a 0.1 percent increase in March. It was greater drop than expected. Job openings in April rose 4.5 percent, the most in 16 years, but hiring fell and not as many people quit. Congressional testimony from James Comey buoyed the market because there were no new revelations.
“This is a market that’s taking a breather and is prepared to move, the question is in which direction?” said Quincy Krosby, a market strategist at Prudential Financial. “Perhaps the move is going to be, in the short term, a pullback and perhaps that’s another reason we have money going into the Treasury markets as a hedge.”
Exchange |
Symbol |
Company Name |
Price
|
Price
|
Net
|
PercentChange |
52-Week
|
52-Week
|
Shares
|
Market
|
| NASD | AAON | AAON, Inc. | 37.65 | 36.60 | 1.05 | 2.87% | 38.20 | 25.33 | 52600 | 1980390 |
| NYSE | ABB | ABB Ltd. | 24.91 | 24.78 | 0.13 | 0.52% | 25.83 | 18.72 | 2140000 | 53307400 |
| NYSE | AOS | AO Smith Corp. | 56.80 | 54.00 | 2.80 | 5.19% | 57.22 | 40.51 | 146890 | 8343352 |
| NYSE | FIX | Comfort Systems USA, Inc. | 35.70 | 35.10 | 0.60 | 1.71% | 39.67 | 26.05 | 37120 | 1325184 |
| NYSE | DOV | Dover Corp. | 82.38 | 81.32 | 1.06 | 1.30% | 84.40 | 63.93 | 155670 | 12824094.6 |
| NASD | ELON | Echelon Corp. | 5.83 | 6.66 | -0.83 | -12.46% | 7.20 | 4.17 | 4440 | 25885.2 |
| NYSE | DD | E. I. DuPont de Nemours & Co. | 82.17 | 79.46 | 2.71 | 3.41% | 83.93 | 61.12 | 867030 | 71243855.1 |
| NYSE | EME | EMCOR Group, Inc. | 65.31 | 64.74 | 0.57 | 0.88% | 73.44 | 45.47 | 59230 | 3868311.3 |
| NYSE | EMR | Emerson Electric Co. | 60.26 | 58.34 | 1.92 | 3.29% | 64.36 | 48.45 | 644480 | 38836364.8 |
| NYSE | FCAU | Fiat Chrysler | 10.68 | 11.14 | -0.46 | -4.13% | 11.65 | 5.45 | 1540000 | 16447200 |
| NYSE | F | Ford Motor Co. | 11.24 | 10.94 | 0.30 | 2.74% | 14.04 | 10.67 | 3910000 | 43948400 |
| NYSE | GM | General Motors Co. | 34.60 | 33.82 | 0.78 | 2.31% | 38.55 | 27.34 | 1510000 | 52246000 |
| NYSE | HON | Honeywell International, Inc. | 134.47 | 131.98 | 2.49 | 1.89% | 135.00 | 105.25 | 762340 | 102511859.8 |
| NASD | HDSN | Hudson Technologies, Inc. | 8.44 | 8.14 | 0.30 | 3.69% | 8.93 | 3.09 | 41540 | 350597.6 |
| NYSE | IR | Ingersoll-Rand Plc | 89.86 | 88.53 | 1.33 | 1.50% | 90.18 | 59.10 | 256020 | 23005957.2 |
| NYSE | JCI | Johnson Controls, Inc. | 41.94 | 42.45 | -0.51 | -1.20% | 48.97 | 39.16 | 938110 | 39344333.4 |
| NYSE | LII | Lennox International Inc. | 187.72 | 167.88 | 19.84 | 11.82% | 188.44 | 134.14 | 42670 | 8010012.4 |
| NYSE | LXU | LSB Industries, Inc. | 10.39 | 8.68 | 1.71 | 19.70% | 13.85 | 4.52 | 28410 | 295179.9 |
| NYSE | MTW | Manitowoc Co., Inc. | 5.88 | 6.16 | -0.28 | -4.55% | 7.57 | 3.65 | 140540 | 826375.2 |
| NYSE | MLI | Mueller Industries, Inc. | 30.46 | 29.67 | 0.79 | 2.66% | 43.96 | 27.72 | 57600 | 1754496 |
| NYSE | NWL | Newell Rubbermaid, Inc. | 54.59 | 53.00 | 1.59 | 3.00% | 55.45 | 43.43 | 483100 | 26372429 |
| OTC | NSANY | Nissan Motor Co. Ltd. | 19.49 | 19.28 | 0.21 | 1.09% | 20.76 | 17.67 | 3910000 | 76205900 |
| NASD | OFLX | OmegaFlex, Inc. | 63.25 | 59.49 | 3.76 | 6.32% | 66.37 | 34.00 | 10090 | 638192.5 |
| NYSE | PH | Parker-Hannifin Corp. | 159.36 | 156.53 | 2.83 | 1.81% | 166.60 | 99.10 | 133180 | 21223564.8 |
| NYSE | RBC | Regal-Beloit Corp. | 81.55 | 78.00 | 3.55 | 4.55% | 83.65 | 51.57 | 44810 | 3654255.5 |
| NYSE | ROK | Rockwell Automation | 161.60 | 158.02 | 3.58 | 2.27% | 165.00 | 107.17 | 128840 | 20820544 |
| OTC | SIEGY | Siemens Aktiengesellschaft | 70.30 | 71.32 | -1.02 | -1.43% | 73.42 | 47.72 | 1620000 | 113886000 |
| NYSE | SPXC | SPX Corp. | 24.88 | 27.63 | -2.75 | -9.95% | 28.93 | 14.00 | 42390 | 1054663.2 |
| NYSE | TXN | Texas Instruments | 80.08 | 81.55 | -1.47 | -1.80% | 84.65 | 58.61 | 996320 | 79785305.6 |
| NYSE | UTX | United Technologies Corp. | 120.75 | 120.92 | -0.17 | -0.14% | 122.85 | 96.89 | 801230 | 96748522.5 |
| NYSE | WSO | Watsco, Inc. | 149.96 | 139.58 | 10.38 | 7.44% | 159.55 | 128.60 | 27500 | 4123900 |
|
|
Price 6/15/17 |
Price 5/15/17 |
Net Change |
Percent Change |
| HVACR Business Stock Index | 1,494.51 | 1,480.93 | 13.58 | 0.92% |
| Dow Jones Industrial Average | 21,359.90 | 20,981.94 | 377.96 | 1.80% |
| S&P 500 Index | 2,432.46 | 2,402.32 | 30.14 | 1.25% |
| NASDAQ Composite | 6,165.50 | 6,149.67 | 15.83 | 0.26% |
Gainers/Losers |
||||
| $ Gainer | Lennox International Inc. | 19.84 | ||
| $ Loser | SPX Corp. | -2.75 | ||
| % Gainer | LSB Industries, Inc. | 19.70% | ||
| % Loser | Echelon Corp. | -12.46% | ||
| Advancers | 23 | |||
| Decliners | 8 | |||
The HVACR Business Stock Index inched ahead 13.58 points, or 0.92 percent, and closed at 1494.51. Advancing issues topped declining issues by a 23-to-8 count.
Lennox got a boost from last month’s first quarter income post that exceeded expectations, and the company this month increased its dividend by 19 percent. LII said it will increase its dividend to $0.51 per share, from $0.43 per share.
The dividend will be payable July 17 to shareholders of record as of June 30. Lennox soared 19.84 points, or 11.82 percent, and closed at 187.72. Lennox was the top percentage gainer.
SPX Corp fell 2.75 points, or 9.95 percent, despite an upgrade. ValuEngine increased its rating to “buy” from “hold.” SPXC ended at 24.88, and was the top dollar loser.
LSB Industries rose 1.71 points, or 19.70 percent. LXU received a couple of upgrades: Zacks boosted their rating to “buy” from “hold.” Their price target is $12. ValuEngine upped its rating to “sell” from “strong sell.” LXU ended at 10.39, and was the top percentage gainer.