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The Selected Manufacturing Sector Index (XLI) fell for the third week in a row, ending -1.04%while the SPDR S&P 500 Trust ETF (SPY) sank (-0.25%) for the second week in a row. XLI was among the nine, out Of the 11 S&P 500 sectors, which closed the week in the red. On Thursday, the producer price index came out cooler than is expected In April on a Y/Y and M/M basis.
The five biggest gainers in the industrial sector (stocks with a market cap of more than $2 billion) gained more than +6% All this week. To date, 4 of these 5 stocks are in the green.
Cuba Holding (New York Stock Exchange: CPA) +13.10%. The Panama-based airline saw its stock surge Thursday (+10.56%After the results of the first quarter outperformed estimates.
CPA has a quantitative SA rating – which takes into account factors such as momentum, profitability and valuation among others – as a Strong Buy. The stock has a factor grade of A+ for growth and a B for profitability. The average Wall Street analyst rating is Buy, with 9 out of 15 analysts seeing the stock as a Strong Buy. YTD, +25.90%.
Eve Holding (EVEX) +8.37%. Stocks rose the most this week on Monday (+4.99%). The air taxi developer also reported its quarterly results on Tuesday, but the stock only closed +0.77% higher that day.
The SA’s quantitative rating on EVEX carries a grade of B for Momentum and D for Rating. The average rating of Wall Street analysts varies with the Buy rating, with 2 out of 7 analysts rating the stock as Strong Buy, 1 as Buy and 4 as Hold. YTD, +11.53%.
The chart below shows the year-to-date price-return performance of the five biggest gainers and the SP500:
Embraer (ERJ) +7.68%. Shares of the Brazilian planemaker rose 4.23% on Friday after NetJets said in an after-market release Thursday that it signed a deal worth more than $5 billion for up to 250 Praetor 500 jets with Embraer.
ERJ is rated SA Quantitative for retention factor grade A for momentum and D+ for growth. Meanwhile, the average rating of Wall Street analysts is Buy, with 7 out of 14 analysts seeing the stock as a Strong Buy. YTD, +30.83%.
MSA Safety (MSA) +6.92%. Stocks of the safety equipment maker rose over the course of the week. SA’s quantitative rating on MSA is Hold, which contrasts with the Wall Street analysts’ average Buy rating. YTD, -0.50%.
GXO Logistics (GXO) +6.88%. First-quarter earnings and revenue that beat expectations helped boost stocks on Wednesday (+2.90%). Year-to-date, shares are up + 31.44%, the most among the five biggest gainers this week. SA’s quantitative rating on GXO is Hold, which varies with the Wall Street analysts’ average Buy rating.
The five biggest losers this week among industrial stocks (market capitalization over $2 billion) lost more than -8% all. To date, 3 of these 5 stocks are in the red.
Plum Energy (New York Stock Exchange: BE) -25.18%. The company’s stock has fallen throughout the week, the lowest on Wednesday (-8.49%(Following mixed first-quarter post-market results Tuesday and Thursday)-12.96%) after revealing plans to offer $500 million in large notes convertible into cash and common stock. YTD, -33.47%.
The SA’s quantitative rating on BE carries a factor grade of A+ for growth and D- for profitability. Wall Street analysts’ average rating varies with Buy, with 7 out of 21 analysts seeing the stock as a Strong Buy.
conduction power (conduction) -19.48%. Latham shares declined in New York -13.83% On Tuesday after announcing a larger-than-expected loss for the first quarter and issuing a fiscal year 23 revenue forecast that lagged analysts’ expectations. YTD, -39.53%the most among the five worst artists this week.
The SA quantitative rating on PLUG is sold with a factor grade of F for both profitability and momentum. The rating contrasts starkly with Wall Street analysts’ average Buy rating, with 14 of 29 analysts indicating the stock as a Strong Buy.
The chart below shows the year-to-date price-return performance of the five worst losers and XLI:
Planning Industries (GTLS) -9.68%. The globe’s refrigerated solutions provider, Ga. Throughout the week, except for Monday. YTD, -0.82%. GTLS has an SA Quantitative Suspension rating, with a grade of A+ for growth but C for profitability. The average Wall Street analyst disagrees with a Strong Buy rating, with 12 out of 17 analysts seeing the stock as a Strong Buy.
Axon Enterprise (AXON) -8.37%. Tasers maker saw its stock drop on Wednesday (-15.05%) Although the results of the first quarter exceeded estimates. SA’s quantitative rating on AXON is Hold, but the average Wall Street analyst disagrees with the Buy rating. YTD, +21.44%.
AAON (AAON) -8.30%. The refrigeration and heating equipment manufacturer’s inventory fell on Monday (-6.11%). SA’s quantitative rating on AAON is Hold, which contrasts with Wall Street’s average rating of Buy. YTD, +25.72%the most declining among the worst losers this week.