"During this seven week stretch the PD&D Index has improved an average of 38 points/week."
For seven straight weeks, improvements continue to occur
For the seventh straight week the Product Design & Development Stock Index showed improvement.
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This week the index is up a little more than 20 points in posting a total value of 1372.93. During this same stretch the Dow rose about 200 points, staying consistently above the 8000 mark.
During this seven week stretch the PD&D Index has improved an average of 38 points/week, with the Dow showing average weekly improvements of 232 points.
Looking more closely at each marketplace:
Aerospace is up $9.33. Raytheon (RTN) and Boeing (BA) lead the way with $3.83 and $2.20 gains, respectively.
Automotive was up slightly, with Ford’s stock value cresting above the $5 watermark for first time since late September. Supplier Federal-Mogul (FDML) also continued its value improvement.
The medical index was the only negative performer, as it shows an $8.37 decline. In particular, Conmed (CNMD) is down 3.26 and Arthrocare’s (ARTC) value has halved since mid December. It seems this group of stocks rarely follows the trends of the other segments.
The industrial segment posted gains of over 10 points, with Ingersoll-Rand (IR) up $3.81 in reaching its highest value since late October.
The consumer electronics segment continued its upswing, with consumer spending levels helping drive Radio Shack’s (RSH) $3.34 improvement. Apple (AAPL) posted another positive week with $2.23 gains. Nokia (NOK) is down $1.72 from a week ago.
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