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Selected Industrial Sector (XLI) declined-0.28%) for the week ending May 17 after gaining for three straight weeks, while the SPDR S&P 500 Trust ETF (SPY) rose (+1.65%) Climb four weeks on the trot.
Year-to-date, or since the beginning of the year, XLI has risen +9.95% SPY rose +11.39%.
The top five stocks in the industrial sector (stocks with a market capitalization of more than $2 billion) rose by more than +10% All this week. Since the beginning of the year, 3 out of 5 stocks are in the green zone.
power delivery (Nasdaq: Delivery) +26.95%. The company, which develops hydrogen and fuel cell product solutions, saw its shares surge on Tuesday (+19.03%) after it said it had received a conditional commitment to guarantee a loan of up to $1.66 billion from the US Department of Energy. A day ago, among the stocks that rose was Plug (PLUG +12.89%) after the Biden administration announced plans to impose tariffs on Chinese solar companies. However, the stock has been in the red since the beginning of the year -27.78%.
PLUG has an SA Quant Rating – which takes into account factors such as momentum, profitability and valuation among other factors – of Strong Sell. The stock has a factor grade of F for profitability and C+ for growth. The average Wall Street analyst rating disagrees with a Hold rating, with 18 out of 29 analysts tagging the stock as such.
Embraer (ERJ) +19.33%. The Brazilian aircraft maker's stock rose the most on Tuesday (+9.11%). YTD, +67.64%.
The SA Quantitative rating on ERJ is a Strong Buy with a grade of A+ for Momentum and C+ for Valuation. The average Wall Street analyst rating is also positive, with a Buy rating, with 5 out of 13 analysts seeing the stock as a Strong Buy.
The chart below shows the YTD price return performance of the top five gainers and the SPY:
ZTO Express (ZTO) +17.94%. Shares of the Chinese logistics provider jumped +10.24% on Thursday after first-quarter results beat estimates. YTD, +15.55%.
SA Quant's rating on ZTO was held at A for Profitability and B- for Valuation. The average Wall Street analyst rating varies and has a Strong Buy rating, with 15 out of 21 analysts seeing the stock that way.
Loar Holdings (LOAR) +12.02%. Loar, which went public in April, saw its shares rise over the week. The aircraft spare parts and defense systems manufacturer also announced its first-quarter results this week. YTD, +5.59%.
Bloom Energy (BE) +10.48%. The company's shares rose +8.05% on Tuesday after announcing a collaboration with C3.ai to launch software to integrate the C3 AI Reliability Suite for precise modeling of fuel cell performance and design into Bloom.
The US government also said on Tuesday that it would increase tariffs on a range of Chinese imports, including electric cars and semiconductors. YTD, -16.69%. SA's quantitative rating on Bloom is a Hold, while the average Wall Street analyst rating is a Buy.
The top five losers this week among industrial stocks (market capitalization greater than $2 billion) lost more than -4% all. However, since the beginning of the year, all five of these stocks are in the green.
IES Holdings (NASDAQ:ESC) -12.26%. Shares of IES, which provides network infrastructure installation services, fell the most on Monday (-10.62%). The stock has also been among the biggest gainers since the past two weeks. YTD, +101.91%.
Comfort Systems USA (FIX) -8.29%. Stock of the Houston-based mechanical and electrical installation services provider fell the most on Tuesday (-5.29%). YTD, +53.76%.
SA Quant's rating on FIX is Hold, with a factor grade of B+ for Profitability and A+ for Momentum. The average Wall Street analyst rating varies and it has a Buy rating, with 3 out of 4 analysts seeing the stock as a Hold and 1 seeing it as a Strong Buy.
The chart below shows the YTD price return performance of the five worst decliners and XLI:
Griffon (GFF) -5.36%. The home and building products maker saw its shares decline this week, but they have been rising since the beginning of the year +10.39%. SA's Quantitative rating on GFF is a Strong Buy, with an A for Growth and a C for Valuation. The average Wall Street analyst rating agrees and it has a Strong Buy rating as well, with 4 out of 5 analysts tagging the stock as such.
Ferguson (FERG) -4.89%. Trian Fund reduced its stakes in the plumbing and heating products distributor in the first quarter, and billionaire investor Nelson Peltz's fund disclosed the information in its latest 13F filing, published on Wednesday. YTD, +9.13%.
SA's quantitative rating on FERG is outstanding, with a factor grade of A for profitability and a D- for growth. The rating contrasts with the average Wall Street analyst rating of Buy rating, with 10 out of 19 analysts seeing the stock as a Strong Buy.
AXON Corporation -4.82%. The Taser maker's stock has fallen all week. YTD, +11.79%. SA Quantitative rating on AXON is Hold, while the average Wall Street analyst rating is Buy.
