ID Index On The Upswing

Two weeks ago, the index plunged again with a total loss of 31.23 points on the week. Now it has regained a decent portion of the losses and appears to once again be heading in the right direction . . .

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After several large losses in the last two months, the ID Index is bank on the upswing with a gain of 22.29 in the two weeks since the last Index report.

A month and a half ago, the ID Index suffered an exceptionally large loss of 54.39. Two weeks ago, the index plunged again with a total loss of 31.23 points on the week. Now it has regained a decent portion of the losses and appears to once again be heading in the right direction.

One disclaimer: Please consider that market values may have changed slightly since the close of business on Friday, June 29th, 2012.

A week ago, the ID Index came in at 685.33 after a large loss of 31.23 points. As of Friday, June 14th, the index is up 22.29 points for a total value of 707.61.

W.W. Grainger (GWW) continues its lead of the index at 190.69 points, up 13.01 points, reversing its loss last index of 12.19 and then some. This is an encouraging trend considering Grainger has lost over 50 points in the last two months, suffering the largest losses of any company in the index.

Lawson Products is once again the lowest valued stock coming in at 9.21 points, up a slight .63 points on the week. This small gain comes on the heels of their recent restructuring announcement, which will include cutting about 11% of its workforce. You can read the details here.

Other economic data worth noting:

  • $1 = 0.79 Euros, holding steady amidst turmoil in Europe.
  • A gallon of regular gas is averaging $3.32 in the U.S., and $3.56 a year ago.
  •  Crude oil is currently trading at $84.96, versus $83.91/barrel two weeks ago.
  •  Natural gas is currently at $2.82/BTU, up .32 since last index.
  • Gold is at $1604.20/Troy ounce, down 15.00 in two weeks.
  • Copper is at $3.47/pound, once again up a little since last index.

Manufacturing Index

Manufacturer

Last Week

This Week

3M (MMM)

86.31

89.29

United Technologies (UTX)

73.59

75.40

General Electric (GE)

19.36

20.74

Boeing (BA)

72.08

74.21

Dow Industrial (DIA)

125.12

128.63

Deere & Co. (DE)

73.34

81.00

General Motors (GM)

21.84

19.70

Ford Motor Company (F)

10.27

9.50

Caterpillar (CAT)

85.31

85.35

Dow Chemical (DOW)

31.7

31.56

Lear Corporation (LEA)

37.79

37.94

Illinois Tool Works (ITW)

54.53

52.46

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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