metamorworks
The Industrial Select Sector (XLI) fell -2.43% for the week ending Aug. 18 following last week’s mild gains. The SPDR S&P 500 Trust ETF (SPY) sank for the third week in a row (-2.05%). However, Year-to-date, XLI has risen +8.18%, while SPY has climbed +14.14%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +3% each this week. YTD, 4 out of these 5 stocks are in the green.
Net Power (NYSE:NPWR) +16.39%. The stock soared on Monday (+9.06%) following Q2 results, wherein the clean energy technology company noted that it had $649M in cash and cash equivalents with no debt, and provided business updates. YTD, the stock has surged +51.52%.
NPWR 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 Momentum but F for Profitability. The average Wall Street Analysts’ Rating differs with a Strong Buy rating, wherein 4 out of 5 analysts tag the stock as such.
Mercury Systems (MRCY) +6.32%. The aero-defense company’s stock rose +6.89% on Wednesday despite Q4 results (post market on Tuesday) misssed estimates. mercury also appointed Bill Ballhaus as president and CEO. YTD, the shares have slumped -16.12%, and it’s the only stock among this week’s gainers which is in the red for this period.
The SA Quant Rating on MRCY is Sell with score of D+ for Valuation and D- for Growth. The rating is in stark contrast to the average Wall Street Analysts’ Rating of Buy, wherein 2 out of 8 analysts see the stock as Strong Buy.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Generac (GNRC) +5.38%. The generator maker’s stock was among the worst five decliners two weeks ago and this week climbed the most on Monday (+4.35%). YTD, the stock has risen +12.61%.
The SA Quant Rating on GNRC is Sell, with factor grade of C for Growth and C- for Profitability. The average Wall Street Analysts’ rating differs with a Buy, wherein 11 out of the 27 analysts view the stock as Strong Buy.
Corporación América Airports (CAAP) +4.72%. The Luxembourg-based airport operator’s shares surged +7.61% on Friday after Q2 GAAP EPS beat estimates (post market on Thursday). YTD, the shares have soared +65.18%, the most among this week’s top 5 gainers. The SA Quant Rating on CAAP is Strong Buy, while the average Wall Street Analysts’ Rating is Hold.
Hexcel (HXL) +3.89%. The maker of lightweight materials for planes saw rating upgrades at RBC Capital and at Wolfe Research on airplane demand on aerospace growth. The SA Quant Rating and the average Wall Street Analysts’ Rating, both, on HXL is Hold. YTD, the stock has gained +20.41%.
This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -9% each. YTD, 4 out of these 5 stocks are in the green.
Forward Air (NASDAQ:FWRD) -16.83%. The freight and logistics company’s stock saw the top decliner’s spot for the second week in a row after Baird downgraded the shares, adding to the chorus of Omni deal critics.
The SA Quant Rating on FWRD is Hold with a factor grade of B+ for Profitability and C+ for Valuation. The average Wall Street Analysts’ Rating agrees with a Hold rating of its own, wherein 5 out of 8 analysts see the stock as such. YTD, the shares have fallen -38.43% and is the only one among this week’s top five decliners which is in the red for this period.
Symbotic (SYM) -13.53%. The stock continued to lose steam agin this week and landed among the top five decliners for the second week in a row. The shares fell the most on Tuesday (-9.76%). However, YTD, the shares have gained +215.24%. The SA Quant Rating on SYM is Hold with score of A+ for Momentum and D for Valuation. The average Wall Street Analysts’ Rating has a more positive view with a Buy rating, wherein 7 out of 13 analysts tag the stock as Strong Buy.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
Enovix (ENVX) -12.79%. The lithium-ion battery maker’s stock declined the most on Thursday (-7.65%). The SA Quant Rating on ENVX is Hold with score of A+ for Profitability and C+ for Growth. The average Wall Street Analysts’ Rating differs with a Strong Buy rating, wherein 9 out of 12 analysts view the stock as such. YTD, +12.94%.
Eve Holding (EVEX) -9.76%. Electric air taxi developer Eve’s shares fell throughout the week. The SA Quant Rating on EVEX is Hold, while the average Wall Street Analysts’ Rating is Buy. YTD, +6.53%.
Trex (TREX) -9.57%. The decking products maker has a SA Quant Rating of Hold, while the average Wall Street Analysts’ Rating is Buy. YTD, the stock has jumped +59.23%.
