ID Index Loses Across The Board

As of Friday, May 18th, the index is down again a staggering 54.39 points for a total value of 709.34 . . .

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Two weeks ago, the ID Index suffered a spotty but overall loss. This week, the loss is even greater, and every single company lost value with no gain on the week at all. In fact, it is the largest loss by twice that any other we have seen since beginning to track the index in January. Again, this could be a reflection of AmazonSupply entering the marketplace.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Friday, May 18, 2012.

A week ago, the ID Index came in at 763.73 after an overall loss of 28.86. As of Friday, May 18th, the index is down again a staggering 54.39 points for a total value of 709.34.

W.W. Grainger (GWW) continues its lead of the index at 187.32 points, but suffered a 13.38 point loss.  The company still doubles any other in its value, but lost significant ground once again.

Lawson Products has eclipsed Houston Wire & Cable Company (HWCC) as the lowest valued stock in the index coming in at 10.88 points as opposed to HWC’s 10.93 points.

Other economic data worth noting:

  • $1 = 0.78 Euros, the first major change in months, and then only .02.
  • A gallon of regular gas is averaging $3.68 in the U.S., and $3.86 a year ago.
  • Crude oil is currently trading at $91.96, versus $98.49/barrel two weeks ago.
  • Natural gas is currently at $2.74/BTU, up almost .50 since last index.
  • Gold is at $1591.90/Troy ounce, losing over 50.00 on the week.
  • Copper is at $3.48/pound, down a little since last index.

Manufacturing Index

Manufacturer

Last Week

This Week

3M (MMM)

87.99

83.88

United Technologies (UTX)

78.98

72.59

General Electric (GE)

19.14

18.99

Boeing (BA)

75.80

70.46

Dow Industrial (DIA)

129.50

123.68

Deere & Co. (DE)

80.20

73.63

General Motors (GM)

21.85

21.34

Ford Motor Company (F)

10.54

10.02

Caterpillar (CAT)

97.67

89.53

Dow Chemical (DOW)

32.35

29.40

Lear Corporation (LEA)

41.90

38.68

Illinois Tool Works (ITW)

56.44

53.84

Questions? Comments? Concerns? Is there a publicly traded manufacturer that you would like to see listed? Let me know at abbigail.kriebs@advantagemedia.com.

The ID Index is comprised of your publicly-traded peer companies that we can track in offering some insight on the comparative health of industrial distribution. All of these companies are found in our Big 50, with their rankings ranging from #3 to #32. Each week we’ll offer a look at how the index performed collectively, as well as individually. Additional, pertinent economic data will also be included from time to time.

 

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