Mestek Inc
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MCCK Mestek Inc
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Consumer Discretionary : Household Durables | Company profile

Mestek Inc. operates primarily in two manufacturing business segments: heating, ventilating and air conditioning equipment (HVAC), including architectural products, and metal forming equipment. The Company manufactures its HVAC equipment and metal forming equipment at approximately 10 factory locations, and sells through distributor, dealer and manufacturer's representative channels, primarily in the United States and Canada. The Company's HVAC product lines include commercial boilers, commercial radiation, residential baseboard, unit heaters, engineered commercial and mission critical equipment, industrial HVAC equipment, and dampers and louvers. The Company's products also include Dadanco active chilled beams, and Linel and AWV architectural products. The Company also holds interests in Turbonics, Inc., which manufactures hydronic kickspace heaters and related products.

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Today's volume of 0 shares is on pace to be much lighter than MCCK's 10-day average volume of 590 shares.


Bank stocks sink as yield curve inverts, with Bank of America, Citigroup and Regions leading the losers

7:56 am ET August 14, 2019 (MarketWatch)

Banks stock took a broad hit in premarket trading Wednesday, as an inversion in the closely watched 2-year-10-year Treasury yield spread stoked fears of an impending credit crunch. The SPDR Financial Select Sector ETF (XLF) dropped 1.9% ahead of the open, as all of the components seeing premarket activity lost ground. Among the biggest declines, shares of Regions Financial Corp. (RF) fell 3.2%, Citigroup Inc. (C) slid 3.0% and Bank of America Corp. (BAC) shed 3.0%. Elsewhere, the stocks of J.P. Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) both dropped 2.6%, and were the leading early losers among Dow Jones Industrial Average components. Meanwhile, Dow industrials futures tumbled 344 points, or 1.3%. An inverted yield curve ( can hurt bank profits, as it can make the usual practice of borrowing shorter term to lend longer term is no longer profitable.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

August 14, 2019 07:56 ET (11:56 GMT)

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