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Electrical Stocks Approach 52-Week Highs; Earnings Reports Spoil Some of the Fun
Wall Street has been holding an anniversary bash of sorts this week — it's one year since the stock market bottomed out in March 2009. Some popular stocks are celebrating in high style, like Apple is setting new records and on March 10 topped $220 per share for the first time ever. Surprisingly, many publicly held stocks with interests in the electrical market (see chart on page 2 for full list) are joining in the fun, too. Littelfuse Inc., Des Plaines, Ill., and W.W. Grainger Inc., Lake Forest, Ill., recently set new 52-week highs and quite a few companies are within one dollar a share of their 52-week highs. It does make you wonder where prices for electrical stocks will go when the economy really picks up.
Electrical Marketing doesn't want to be the one to shut off the music when stocks are having such a grand time, but it's earnings report season and as you can see below from the some of the numbers and comments from senior executives in the industry, 2009 was an ugly year.
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Electrical Marketing's LiveWire brings you breaking news, on-the-fly analysis and running commentary about the electrical products marketing channel from the editors of Electrical Marketing.
Industry Calendar
June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org
July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org
.... More events and information
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