ID Index Gains 8.11 Points

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Because you asked for it, the ID Index will be running in Monday's edition of Today in Distribution instead of on Fridays. Any questions? Or is there something you would like to see tracked in the Index? Email me at abbigail.kriebs@advantagemedia.com.

Two weeks ago we saw explosive growth across the ID Index, and a slight drop followed last week in response.  This week, the Index makes up the loss from a week ago and gains an additional four points, for a total gain of 8.11. Growth was moderate across the board, and only four companies lost at all on the week: Houston Wire & Cable lost .77 points, Interline Brands lost .18, Kaman Corp. lost .09 points, and Lawson Products was down just .07 on the week.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Friday, March 30, 2012.

A week ago, the ID Index came in at 781.85 after losing 4.26 points on the week. As of Friday, March 30th, the index is back up a total of 8.11 points for a total value of 789.96.

W.W. Grainger (GWW) continues its lead of the index at 214.65 points, gaining 1.03 on the week. Houston Wire & Cable Company (HWCC) remains the lowest valued stock in the index coming in at 13.82 points after a loss of .77 on the week. They now trail Lawson Products (LAWS) by just over a dollar. In comparison, Ford Motor Company was trading at 12.50, Panasonic at 9.15, and Nokia at 5.40, all with slight gains on the week.

This week’s biggest loss comes from Houston Wire & Cable (HWCC), at the aforementioned .77 points.  The largest gain: Airgas, Inc. (ARG) for the second week in a row, almost doubling last week’s gain for a total of 3.14 on the week.

Other economic data worth noting:

  • $1 = 0.75 Euros, holding steady.
  • A gallon of regular gas is averaging $3.93 in the U.S., compared with $3.65 a year ago.
  • Crude oil is currently trading at $102.77, versus $105.67/barrel last week.
  • Natural gas is currently at $2.12/BTU, down .15 since last week.
  • Gold is at $1678.00/Troy ounce.
  • Copper is at $3.85/pound, up .08 on the week.

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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