ID Index Loses Last Week’s Gain & More

This week we are intrducing a Manufacturing Index as a complement to the ID Index . . .

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This week, the ID Index lost all gains from last week plus a few more points, for a total loss of 12.93. Only two companies gained at all on the week, and then only marginally: DXP Enterprises (DXP) gained 1.09 and Barnes Group gained .37.

This week we are also introducing a Manufacturing Index, compiling a list of ten major manufacturers and how their stock is performing, as a reference for you. Is there a publicly traded manufacturer that you would like to see listed? Let me know at [email protected].

One disclaimer: Please consider that market values may have changed slightly since the close of business on Friday, April 6, 2012.

A week ago, the ID Index came in at 789.96 after gaining 8.11 points on the week. As of Friday, April 6th, the index is back down a total of 12.93points for a total value of 777.03.

W.W. Grainger (GWW) continues its lead of the index at 214.25 points, boasting one of the smaller losses of .40 on the week. Houston Wire & Cable Company (HWCC) remains the lowest valued stock in the index coming in at 13.11 points after a loss of .71 on the week, following a previous week’s loss of .77.

This week’s biggest loss comes from Anixter International (AXE), down 3.01 points.  The largest gain: DXP with 1.09 points.

Other economic data worth noting:

  • $1 = 0.77 Euros, up .02 from last week and the first change in over a month.
  • A gallon of regular gas is averaging $3.93 in the U.S., compared with $3.76 a year ago.
  • Crude oil is currently trading at $101.41, versus $102.77/barrel last week.
  • Natural gas is currently at $2.09/BTU, down .03 since last week.
  • Gold is at $1648.00/Troy ounce, down $30.00 on the week.
  • Copper is at $3.72/pound, down .13 on the week.

Manufacturing Index

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.