Home Improvement Industry Stocks +8% YTD
The Hard Fax Composite of home improvement
industry stocks gained four points in the latest week of trading to end at 1217,
up from 1213 the prior week and up eight percent on the year. The Dow Jones Industrial Average fell 60 for
the week, ending at 12660, or plus four percent on the year.
Last week, 19 of the stocks in our
market basket of industry-related stocks gained while nine declined.
With many
investors expecting a rebound in the home improvement industry at some point
during 2012, 25 of the stocks in The Hard Fax composite are up for the year
while only three are down. Orchard
Supply Hardware, spun off from Sears Holdings at the beginning of the year with
a stock value set at $25, is showing the largest percentage decline (-28%) on
the year.
-TVG
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