5/16/2011
HEADLINES
FINdex Outperforms Related Industrials
Industrial stocks proved a safe bet for investors in 2010, helping to drive up the FIN Fastener Stock Index 34% — its second straight year of gains of 30% or more.
After a solid double-digit performance in 2010, the FIN Fastener Stock Index climbed 7% in the first quarter of 2011, a modest gain that sufficiently outperformed a more tepid 6.2% rise of an index of related industrial stocks during the period.
The strongest FINdex performance during Q1 was achieved by Anixter, whose shares gained 16.6% during the period.
Other fastener companies with gains of 10% or more included Alcoa, Stanley Black & Decker, Danaher and Dorman Products.
Fastener companies whose stock value dropped during the opening quarter of 2011 included Lawson Products, Simpson Manufacturing, B/E Aerospace, Kaydon, Paulin, Park Ohio and Grainger.
Industrial stocks proved a safe bet for investors in 2010, helping to drive up the FIN Fastener Stock Index 34% — its second straight year of gains of 30% or more.
The 2010 FINdex nearly tripled the performance of an index of related industrial stocks, which increased 12.2% during the year.
The strong FINdex results included solid gains in the the final half of 2010. The FINdex grew 16% in the fourth quarter after achieving a 14.6% jump in the third quarter. More than eight in ten public fastener companies saw their shares gain double-digit value during the second half of the year.
During 2009 the FIN Fastener Stock Index rose 33.4%, gaining back most of the value it lost during the stock plunge of 2008. ©2011 GlobalFastenerNews.com
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