ID Index Keeps Rolling Forward

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As we introduced to you last Friday, 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.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Thursday, February 9, 2012.

A week ago, the ID Index came in at 698.93. As of Thursday, February 09, 2012, the index is up 49.69 points for a total of 748.62. This seems like an outrageous jump, and it is. However, it is attributed almost entirely (33.33 points) to Kaman Corporation since they formally began trading on the NYSE on Tuesday of this week. Kaman (KAMN) opened on Tuesday at 33.03, and in two days climbed to 33.65 and back down to 33.33 where we see them sitting Thursday.

If we disregard the addition of Kaman’s point value for the week, the ID Index did indeed climb 16.36 points, over double what it climbed the week ending with February 2nd, to a total value of 715.29. From now on we will be including Kaman in our grand totals, and week -to-week differences.

Still ranking on top this week, W.W. Grainger (GWW) is valued at 201.64, up 5.33 points, or 4.43 percent, from last week. Houston Wire & Cable Company (HWCC) is the lowest valued stock in the index, coming in at 14.93 points, up 3.02 percent from last week’s value of 14.49. In comparison, Ford Motor Company was trading at 12.71, Panasonic at 8.46, and Nokia at 5.07.

This week’s biggest loss comes from Rexel SA, down 4.79 for the week.

Other economic data worth noting:

  • $1 = 0.75 Euros
  • A gallon of regular gas is averaging $3.48 in the U.S., compared with $3.15 a year ago.
  • Crude oil is currently trading at $99.79, versus $96.53/barrel last week and $89.03 a year ago.
  • Natural gas is currently at $2.48/BTU.
  • Gold is at $1741.20/Troy ounce.
  • Copper is at $3.98/pound.

 

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