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The Industrial Select Sector (XLI) was back in the red for the week ending May 26 (-1.44%), briefly halting the 3-week slide by gaining in the previous week. Meanwhile, the SPDR S&P 500 Trust ETF (SPY) was in the green for the second week in a row (+0.33%).
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +6% each this week. YTD, 4 out of these 5 stocks are in the green.
Vertiv (NYSE:VRT) +26.86%. The Ohio-based company, which provides infrastructure and services for data centers, saw its stock soar the most on Thursday (+13.98%).
VRT has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Hold. The stock has a factor grade of A- for Growth and C- for Profitability. The average Wall Street Analysts’ Rating differs with a Buy, wherein 6 out of 10 analysts see the stock as Strong Buy. YTD, the shares have risen +44.51%, the most among this week’s top five gainers.
EnerSys (ENS) +14.73%. The stored energy solutions provider’s Q4 results beat estimates which sent the stock surging +14.44% on Thursday.
The SA Quant Rating on ENS is Buy with score of A+ for Momentum but D+ for Valuation. Meanwhile, the average Wall Street Analysts’ Rating is Strong Buy, wherein 3 out of 3 analysts tag the stock as such. YTD, +33.22%.
The chart below shows YTD price-return performance of the top five gainers and SP500:
WESCO International (WCC) +8.84%. The Pittsburgh-based business-to- business logistics and supply chain solutions provider announced an expanded portfolio of services on Wednesday.
WCC has a SA Quant Rating of Hold with factor grade of A+ for Growth and C for Momentum. The rating is in contrast to the average Wall Street Analysts’ Rating of Strong Buy, wherein 9 out of 12 analysts view the stock as such. YTD, +16.68%.
Advanced Energy Industries (AEIS) +8.49%. Denver-based Advanced Energy’s stock rose the most on Thursday (+5.53%). YTD, the shares have gained +17.34%. The SA Quant Rating on AEIS is Hold, which is differs with the average Wall Street Analysts’ Rating of Buy.
Plug Power (PLUG) +6.73%. On Monday, the shares soared +14.23% after the company said it landed three deals in Europe for its 5 MW green hydrogen-producing electrolyzers. However, the stock pared off gains with being in the red for the next four days.
YTD, the shares have slumped -33.31%, and PLUG is only stock among this week’s top five gainers which is in the red for this period. The average Wall Street Analysts’ Rating is Buy, which is in stark contrast to the SA Quant Rating of Strong Sell.
This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -6% each. YTD, 1 out of these 5 stocks is in the red.
Kanzhun (NASDAQ:BZ) -17.99%. Shares of the Beijing-based online recruitment platform fell -9.29% on Wednesday despite first quarter results surpassing analysts expectations. The stock also saw a considerable drop on Thursday as well (-8.48%). However, Kanzhun did see Barclays upgrading the stock to Overweight from Equal Weight on attractive valuation and return potential.
YTD, the stock has shed -29.95%, the only one among this week’s worst five decliners which is in the red for the period. The company’s shares had seen volatility in 2022. The SA Quant Rating on BZ is Hold with a factor grade of B for Profitability and Growth, both. The average Wall Street Analysts’ Rating differs with a Strong Buy, wherein 10 out of 14 analysts see the stock as Strong Buy.
AeroVironment (AVAV) -13.33%. The Arlington, Va.-based company’s shares dipped -15.51% on Thursday after its Jump 20 drone was not selected by the U.S. Army to proceed further within the Future Tactical Unmanned Aircraft System program.
The SA Quant Rating on AVAV is Hold with a factor grade of B for Momentum and C- for Valuation. The rating is in contrast to the average Wall Street Analysts’ Rating of Buy, wherein 2 out of 6 analysts tag the stock as Strong Buy. YTD, +7.77%.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
HEICO (HEI) -9.99%. The aerospace products maker’s Q2 results exceeded analysts expectations but the stock took a dive on Tuesday (-7.89%).
The SA Quant Rating on HEI is Hold, with a score of B+ for Profitability and B- for Growth. The average Wall Street Analysts’ differs with a Buy rating, wherein 4 out of 11 analysts view the stock as Strong Buy. YTD, +3.68%.
BWX Technologies (BWXT) -6.83%. Shares of the nuclear components maker fell throughout the week. YTD, the stock has gained +6.11%. The SA Quant Rating on BWXT is Hold, which is in contrast to the average Wall Street Analysts’ rating of Buy.
Canadian Pacific Kansas City (CP) -6.72%. The freight rail received a Buy-equivalent rating from analyst Alison Poliniak-Cusic who noted that the company was “uniquely positioned for growth over the long term,”
YTD, the stock has risen +3.30%. The SA Quant Rating on CP is Hold, which differs with the average Wall Street Analysts’ rating of Buy.
