ID Index Hovers

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In response to last week’s explosive growth across the ID Index, this week the Index is just hovering, down slightly a total of 4.26 points on the week. Only five companies made a gain at all on the week, and only for a total of 4.65 points.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Thursday, March 22, 2012.

A week ago, the ID Index came in at 786.11 after gaining an impressive 23.90 points. As of Thursday, March 22nd, the index is down 4.26 points for a total value of 781.85.

W.W. Grainger (GWW) continues its lead of the index at 213.62 points, losing 2.56 on the week. Houston Wire & Cable Company (HWCC) remains the lowest valued stock in the index coming in at 14.59 points after a gain of 1.09 on the week. They now trail Lawson Products (LAWS) by less than a dollar. In comparison, Ford Motor Company was trading at 12.31, Panasonic at 8.90, and Nokia at 5.24.

This week’s biggest loss comes from W.W. Grainger, dropping 2.56 on the week, counting for over half of the total loss of the Index.  The largest gain: Airgas, Inc. (ARG), with a gain of 1.65 on the week.

Other economic data worth noting:

  • $1 = 0.75 Euros, down slightly on the week.
  • A gallon of regular gas is averaging $3.88 in the U.S., compared with $3.55 a year ago.
  • Crude oil is currently trading at $105.67, versus $105.33/barrel last week, back up slightly.
  • Natural gas is currently at $2.27/BTU.
  • Gold is at $1652.00/Troy ounce, down 7.50 since last week.
  • Copper is at $3.77/pound, down .13 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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