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The Industrial Select Sector (XLI) fell -3% for the week ending Oct. 20, while the SPDR S&P 500 Trust ETF (SPY) dipped -2.39%, weighed down by geopolitical concerns and sell-off in bonds which sent Treasury yields soaring.
XLI was among the nine of the 11 S&P 500 sectors which ended the week in red. Year-to-date, XLI is +0.50%, while SPY is up +10.14%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +4% each this week. YTD, 3 out of these 5 stocks are in the green.
Spirit AeroSystems Holdings (NYSE:SPR) +27.03%. The Wichita, Kan.-based company saw its stock soar +23.09% on Wednesday after the aerostructure maker said it signed a pact with Boeing to enable production increases and boost quality. However, YTD, the stock has tumbled -27.60%, the most among this week’s top five gainers for this period.
SPR has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Sell. The stock has a factor grade of D for Profitability and F for Growth. The average Wall Street Analysts’ Rating differs and has a Hold rating, wherein 10 out of 18 analysts tag the stock as such.
Knight-Swift Transportation (KNX) +7.15%. Shares of the freight transporter surged +11.75% on Friday after Q3 results (post market Thursday) beat estimates. YTD, shares have dipped -2.18%.
The SA Quant Rating on KNX is Hold with score of C- for Momentum and B- for Valuation. The average Wall Street Analysts’ Rating has a more positive view with a Buy rating, wherein 12 out of 19 analysts see the stock as Strong Buy.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Symbotic (SYM) +5.43%. The company, which provides warehouse automation systems, made it to the top 5 for the second week in a row. The shares have been seeing gains again in the past few weeks after having witnessed slowdown in the earlier weeks of September and August. YTD, the shares have rocketed +246.48%, the most among this week’s top five gainers for this period.
The SA Quant Rating on SYM is Hold with score of A+ for Momentum and C+ for Growth. The rating is in contrast to the average Wall Street Analysts’ Rating of Buy, wherein 8 out of 13 analysts see the stock as Strong Buy.
AeroVironment (AVAV) +4.80%. The Arlington, Va.-based drone maker’s stock rose throughout the week, barring Friday. YTD, +36.43%. The SA Quant Rating on AVAV is Hold, while the average Wall Street Analysts’ Rating is Buy.
Embraer (ERJ) +4.70% This week the Brazilian aircraft maker saw a rating upgrade to Buy at Citi and also announced an order for 4 regional jets from American Airlines. YTD +28.45%. ERJ has a SA Quant Rating of Hold, which is in contrast to the average Wall Street Analysts’ Rating of Buy.
This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -9% each. YTD, 3 out of these 5 stocks are in the red.
Rentokil Initial (NYSE:RTO) -24.42%. The pest control company, which acquired Terminix Global last week, saw its shares slump the most on Thursday (-14.81%) this week.
The SA Quant Rating on RTO is Hold with a factor grade of B+ for Profitability and C- for Momentum. The average Wall Street Analysts’ Rating disagrees and has Buy rating, wherein 2 out of 3 analysts view the stock as Strong Buy.
Plug Power (PLUG) -16.89%. The stock leapfrogged from the gainers list it found itself in last week to land among the decliners this week. The Latham, N.Y.-based company’s shares fell the most on Wedesday -9.33%. YTD, the stock has slumped -50.69%, the most among this week’s worst five performers for this period.
The SA Quant Rating on PLUG is Sell with score of D- for Momentum and C+ for Valuation. The average Wall Street Analysts’ Rating has a completely different view with a Buy rating, wherein 18 out of 31 analysts tag the stock as Strong Buy.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
Generac (GNRC) -13.04%. The generator maker’s stock fell throughout the week. YTD, -12.20%. The SA Quant Rating on GNRC is Hold with score of C- for Profitability and D+ for Growth. The rating is in contrast to the average Wall Street Analysts’ Rating of Buy rating, wherein 11 out of 28 analysts view the stock as Strong Buy.
Terex (TEX) -10.14%. The Norwalk, Conn.-based company, which makes lifting and material-handling machinery and vehicles, saw its stock fell -9.48% on Wednesday after it provided a disappointing earnings outlook (Tuesday postmarket). However, YTD, the shares have risen +11.56%. The SA Quant Rating on TEX is Strong Buy, while the average Wall Street Analysts’ Rating is Buy.
SiteOne Landscape Supply (SITE) -9.84%. Shares of the Roswell, Ga.-based company declined the most on Wednesday -8.60%. YTD, +17%. The SA Quant Rating on SITE is Hold, which differs with the average Wall Street Analysts’ Rating of Buy.