Market briefing: Performance of engineering and machinery stocks
In this commentary, Stock Trader Report provides insight into recent movements in share prices of some engineering and machinery companies
On Thursday, July 19, 2018, US markets saw five out of nine sectors finishing the day in red and four in green.
Benchmark US indices were bearish at the end of the previous day’s session:
- Nasdaq Composite down 0.37% closing at 7,825.30;
- the Dow Jones Industrial Average 0.53% lower, finishing at 25,064.50;
- and the S&P 500 ending at 2,804.49, down 0.40%.
Before the market opening today – July 20 – StockTraderReport.com scans the performance of the following four diversified engineering and machinery stocks:
- ABB (NYSE: ABB);
- Ametek (NYSE: AME);
- Actuant (NYSE: ATU); and
- Colfax (NYSE: CFX).
More detailed information about these and other companies can be found on the Stock Trader Report website, and the company is offering a free limited time offer.
On Thursday, shares in Switzerland-headquartered ABB recorded a trading volume of 3.13 million shares, which was higher than their three months average volume of 2.01 million shares.
The stock ended at $22.60, rising 2.73% from the last trading session. The company’s shares have gained 0.58% in the last month. The stock is trading below its 50-day moving average by 0.93%.
Furthermore, shares of ABB, which manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide, have a Relative Strength Index (RSI) of 55.97 and have a dividend yield of 3.67%.
USA-based Ametek stock finished yesterday’s session 0.16% lower at $73.64. A total volume of 639,777 shares was traded. The Company’s shares have gained 19.51% in the last twelve months. The stock is trading above its 200-day moving average by 0.63%.
Furthermore, shares of Ametek, which manufactures and sells electronic instruments and electromechanical devices worldwide, have an RSI of 51.48 and have a dividend yield of 0.76%.
On July 13th, 2018, Ametek announced that it will issue its Q2 2018 earnings release before the market opens on July 31st, 2018.
The company will webcast its investor conference call at 8.30am ET that same day. The live audio webcast can be accessed by clicking on the “Events & Presentations” link found under the “Investors” section of the company’s website.
At the close of trading on Thursday, shares in USA-based Actuant saw a drop of 0.18%, ending the day at $28.05. The stock recorded a trading volume of 385,932 shares.
The company’s shares have advanced 14.49% in the previous three months, 14.26% over the past 12 months, and 10.87% since the start of this year.
The stock is trading above its 50-day and 200-day moving averages by 6.31% and 11.69%, respectively.
Moreover, shares of Actuant, which designs, manufactures, and distributes a range of industrial products and systems worldwide, have an RSI of 51.71 and have a dividend yield of 0.14%.
On June 21st, 2018, research firm JP Morgan downgraded the company’s stock rating from “Neutral” to “Underweight”.
USA-headquartered Colfax’ shares ended yesterday 1.09% higher at $30.68 with a total trading volume of 519,385 shares. The stock has gained 1.59% in the last month.
The company’s shares are trading below their 50-day moving average by 1.59%. Additionally, shares of Colfax, which operates as a diversified industrial technology company worldwide, have an RSI of 47.91.
On July 09th, 2018, Colfax announced that it will issue a press release providing its financial results for Q2 2018 on the morning of August 06th, 2018.
The company will hold a conference call at 8:30 a.m. ET that same day to discuss these results.
A webcast of the call will be available under the “Investors” section of the company’s website.
