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The select industrial sector (XLI) ended its 3 week run in the red and pink +1.32% for the week ending May 19. XLI was among seven, out of 11 S&P 500 sectors, that closed the week in green. Meanwhile, the SPDR S&P 500 Trusted ETFs (TO SPY) also ended his two-week losing streak and won +1.71%.
The top five gainers in the industrials sector (stocks with a market capitalization of over $2 billion) all gained more than +8% everyone this week. Since the beginning of the year, 4 of these 5 stocks are in the green.
Rocket Lab USA (NASDAQ:RKLB) +13.35%. The company announced on Monday that it was preparing to launch the second half of NASA’s TROPICS satellite constellation for storm monitoring as early as May 22. Since the beginning of the year, the stock has increased +23.87%.
RKLB has an SA quantitative rating – which takes into account factors such as momentum, profitability and valuation, among others – of Sell. The stock has a factor rating of D- for profitability and C+ for growth. The average rating of Wall Street analysts differs from one Buywhere 4 out of 8 analysts consider the stock a strong buy.
Advanced drainage systems (WMS) +12.70%. The Hilliard, Ohio-based company saw its shares increase +10.97% Thursday after Q4 results beat the estimates. The quantitative SA rating on WMS is Plug with a score of C+ for Momentum but F for Valuation. The rating contrasts with the average Wall Street analyst rating of Buy, where 4 out of 7 analysts mark the stock as Strong Buy. YTD, +17.79%.
The chart below shows YTD price-yield performance of the top five winners and SP500:
Joby Aviation (JOBY) +9.66%. The electric air taxi maker’s stock rose the most on Thursday +5.74% but fell Friday (-7.59%). On Thursday, a filing with the SEC informed of propose sale of securities by a corporate officer.
JOBY has a SA Quant Rating of Plug with a factor rating of A- for Momentum but D- for Profitability. Average Wall Street analyst rating agrees with Plug its own rating, in which 3 out of 6 analysts consider the stock to be Hold. Since the start of the year, stocks have soared +52.54%.
Bloom Energy (BE) +9.59%. JP Morgan improved the stock at Overweight from Neutral that sent stocks soaring +5.11% Wednesday. However, since the beginning of the year, the shares have fallen -27.09%. The SA Quant Rating on BE is Sellwhich contrasts sharply with the average Wall Street analyst rating of Buy.
NXT Crane (CXT) +8.67%. Shares of the Stamford, Connecticut-based company rose throughout the week. YTD, +53.84%, the most among the top 5 winners this week. The average Wall Street analyst rating is strong buywith 1 buy rating and 1 strong buy rating.
This week’s top five declines among industrial stocks (market cap over $2 billion) all lost more than -3% each. Since the beginning of the year, 1 of these 5 stocks has been in the red.
Industrial doors (New York stock market :GTES) -11.60%. The Denver-based maker of engineered power transmission products saw its stock plummet -9.60% Wednesday after the company said some selling shareholders associated with Blackstone were offer up to 22.5 million common shares for sale. However, since the beginning of the year, the title has won +4.82%.
The SA Quant rating on GTES is Plug with a factor rating of B- for Profitability and C for Growth. The average rating of Wall Street analysts differs from one Buywhere 4 out of 12 analysts consider the stock a strong buy.
Knight-Swift Carriage (KNX) -4.70%. Swiss credit downgraded several actions, one of which was Knight-Swift (KNX) Neutral but remained in the green on Wednesday (+1.14%). The SA Quant rating on KNX is Plug with a factor rating of B- for Momentum and D+ for Valuation. The rating contrasts with the average Wall Street analyst rating of Buy, where 11 out of 20 analysts mark the stock as Strong Buy. YTD, +4.16%.
The chart below shows YTD price-yield performance of the five worst decliners and XLI:
JB Hunt Transportation Services (JBHT) -4.43%. JBHT was another carrier service provider besides Knight-Swift that was on the denial list. However, since the start of the year, shares of JB Hunt have fallen -3.44%. The SA Quant rating on JBHT is Plug, with a score of A- for Profitability and C+ for Growth. The average of Wall Street analysts differs with a Buy rating, in which 11 out of 26 analysts consider the stock a strong buy.
AON (AON) -3.45%. The Tulsa, Okla-based manufacturer of cooling and heating equipment. was among the decliners for the second week in a row. However, since the beginning of the year, the title has won +21.38%, the most among the worst performers this week. The SA quantitative rating on AAON is Plugwhich contrasts with the average Wall Street analyst rating of Buy.
Enovis (ENOV) -3.04%. Since the beginning of the year, the title has increased +2.41%. The SA quantitative rating on ENOV is Plugwhich differs from the average Wall Street analyst rating of Buy.