FIN Fastener Stock Index Down 3.4% in 2001 1st Quarter; Fastener Stocks Outperform Overall Stock Market
April 09
00:00
2001
FIN Fastener Stock Index Down 3.4% in 2001 1st Quarter; Fastener Stocks Outperform Overall Stock Market
John Wolz
The FIN Fastener Stock Index lost less than an overall index of industrial stocks in the first quarter of 2001. Fastener stocks dipped 3.4%, compared with a combination of related stock indexes, which dropped 9.5%.\
Fastener stocks gaining more than 10% were Aviall, Kaydon, Penn Engineering, Pentacon, Textron, TransTechnology, Industrial Holdings, R&B Inc., SunSource, Chicago Rivet and Ivaco.
Fastener stocks slipping more than 10% were Danaher, Dover, Fairchild, Honeywell, Precision Castparts and Lawson Products.
Fastener stocks edged up 1% during the full year of 2000, while the related indexes were down 10%.
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