The week ending Sept. 23 saw marginal gains (in this segment) amid the Federal Reserve’s third straight rate hike 75 basis points to fight inflation. However, electric flying taxi company Eve managed to retain the first place for the third consecutive time (in this segment). The SPDR S&P 500 Trust ETF (TO SPY) was in the red for the second week in a row (-4.57%), the 11 sectors being again in the red. Since the beginning of the year, SPY has -22.53%. The Select Industrial Sector SPDR (XLI) was also in the red for the second week (-5%). Since the start of the year, XLI has been -19.90%.
The top five gainers in the industrials sector (stocks with a market capitalization of over $2 billion) all gained more than +2% everyone this week. Since the beginning of the year, four of these five stocks are in the green.
Eve holding (New York stock market :EVEX) +6.13%. Shares of Melbourne, Fla.-based aircraft maker eVTOL rose the most on Sept. 21 (+5.54%). The SA Quant Rating on shares is a Hold, which takes into account factors such as Momentum, Profitability and Valuation, among others. EVEX has an F factor rating for Valuation and an A+ factor rating for Momentum. The rating contrasts with the average Wall Street analyst rating of To buy, in which 2 analysts mark the stock as a strong buy while the other two see it as a hold. Since the start of the year, equities have gained +15.72%.
Xometry (XMTR) +5.95%. Shares of the Derwood, Maryland-based company were among the top five winners for the third time this month, including No. 1 winner spot once. Xometry – which provides a market for parts manufacturing – has an SA quantitative rating of Holdwith growth possessing a score of A+ and profitability with a factor rating of D. The average Wall Street analyst rating differs by a To buy rating, in which 3 out of 8 analysts consider the stock a strong buy. YTD, XMTR increased +17.17%the most among this week’s top five winners for this period.
The chart below shows YTD price-yield performance of the top five winners and SP500:
ICF International (ICFI) +3.54%. The Fairfax, Va.-based consulting firm ink a $12 million contract with the US CDC to modernize laboratory services. Since the beginning of the year, the title has won +5.32%. The average Wall Street analyst rating on ICFI is strong buy, where 3 out of 4 analysts see the stock as such. The SA Quant rating is consistent with a strong buy clean rating, where valuation has a factor rating of D and profitability has a score of B-.
FTI Council (FCN) +2.97%. The Washington, DC-based company has grown +4.02% YTD. The SA quantitative rating on the stock is Hold, with a factor rating of B for Momentum and C- for Growth. The average Wall Street analyst rating differs completely with a strong buy rating, in which the 2 analysts see the security as such; the average price target being $220.
Allegation (GO) +2.62%. The Irish home security maker was among building products industry stocks that gained earlier in the week (September 19 +2.81%) after rising from multi-year lows as homebuilding stocks climbed on an analyst Upgrade. However, since the beginning of the year, ALLE has lost -30.50%, being the only one of this week’s top five earners to be in the red for that time. The SA quantitative rating on the stock is Salewhile the average Wall Street analyst rating is To buy.
This week’s top five declines among industrial stocks (market cap over $2 billion) all lost more than -14% each. Since the start of the year, these five stocks have been in the red.
Plug hole (NASDAQ:PLUG) -19.89%. Shares of the Latham, New York-based company have seen high volatility over the past two months. The title lost throughout this week, but was in the top five winners for two weeks in august and see also important UPS stockings in July. The SA quantitative rating on the stock is Hold, with a factor rating of F for Profitability and D+ for Growth. The rating contrasts with the average Wall Street analyst rating of To buy, where 14 out of 28 analysts give the stock a Strong Buy rating. Since the beginning of the year, PLUG has declined -19.84%.
Vertiv Holdings (TRV) -19.30%. The Ohio-based company, which provides equipment/services to data centers, saw its stock fall the most on September 23. -9.79%. VRT was in the top five winners two weeks ago, but since the beginning of the year, the title has collapsed -60.15% – the most among the 5 worst this week for this period – and was the worst perform industrial inventory (in this segment) in H1 (-67.12%). The SA quantitative rating on the stock is Hold, with Momentum carrying an A- score and Valuation with a C+ factor rating. The average rating of Wall Street analysts differs from one To buy rating, in which 4 out of 10 analysts consider the stock a strong buy.
The chart below shows YTD price-yield performance of the five worst decliners and XLI:
ZIM Integrated Shipping Services (ZIM) -15.78%. The Israeli shipping company was back among the five worst decliners after two weeks. Shipping inventory have been impacted for several months by a drop in container prices and a global economic downturn. The SA Quant rating on ZIM is Hold, profitability and valuation both carrying an A+ factor rating. The average Wall Street analyst rating is consistent with Hold rating of its own, in which 5 out of 7 analysts consider it Hold. Since the beginning of the year, the title has fallen -57.75%.
Bloom Energy (BE) -15.20%. The San Jose, Calif.-based company – which provides a power generation platform – was among the five worst decliners over a month ago but i had a good time Course before that with a Three weeks to win streak. Earlier in the week, Taylor Farms in partnership with Bloom, Ameresco and Concept Clean Energy to install a microgrid to power a food processing plant in San Juan Bautista. Since the beginning of the year, the stock has lost -2.60%. Wall Street analysts’ rating on BE is To buy, where 7 out of 20 analysts consider it a strong buy. The SA Quant rating, however, differs with a Hold grade, with an A+ score for Momentum and B+ for Growth.
Enovix (ENVX) -14.81%. The Fremont, Calif.-based lithium-ion battery maker surpassed the winners list he found himself in last week to land among the losers this week. ENVX saw volatility – having switched to earnings after its quarterly results but swapping places among the top earners and decliners from. The SA quantitative rating on the stock is Holdwhile the average Wall Street analyst rating is strong buy. Since the beginning of the year, ENVX has fallen -32.11%.