Mireya Acierto/Getty Images Entertainment
The Industrial Select Sector (XLI) was back in the green (+2.60%) for the week ending March 22, while the SPDR S&P 500 Trust ETF (SPY) also swung to gains (+2.23%) amid the Federal Reserve keeping the interest rates steady for the fifth straight meeting.
XLI was among the 10 of the 11 S&P 500 sectors which ended the week in the green. Year-to-date, XLI has soared +9.84%, while SPY has risen +9.66%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +11% each this week. YTD, 4 out of these 5 stocks are in the green.
Wheels Up Experience (NYSE:UP) +16.17%. The New York-based private aviation services provider saw its stock soar throughout the week, with the most on Thursday +13.41%. However, YTD the stock has dipped -9.91%, the only one among this week's gainers which is in the red for this period.
Embraer (ERJ) +14.57%. The Brazilian aircraft maker's stock climbed the most on Friday +8.09%. Earlier this week, the company reported fourth quarter results and noted that aircraft deliveries and revenue this year would grow despite ongoing impediments in its supply chain. YTD, +44.88%.
ERJ has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Strong Buy. The stock has a factor grade of C- for Profitability and B for Growth. The average Wall Street Analysts' Rating is Buy, wherein 5 out of 12 analysts tag the stock as Strong Buy.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Core & Main (CNM) +14.26%. Shares of the Saint Louis, Mo.-based company — which supplies water, sewer and fire protection products — rose +7.50% on Tuesday after it forecast sales and earnings growth for fiscal 2024. YTD, +43.97%.
The SA Quant Rating on CNM is Strong Buy with score of A+ for Momentum and C- for Valuation. The average Wall Street Analysts' Rating is positive too, with a Buy rating, wherein 5 out of 11 analysts see the stock as Strong Buy.
FedEx (FDX) +12.25%. The stock surged +7.35% on Friday after better-than-expected results (Thursday post-market) from the company's Express segment along with upbeat remarks from leadership during the earnings call. YTD, +12.39%. The SA Quant Rating on FDX is Hold, which is in contrast to the average Wall Street Analysts' Rating of Buy.
Chart Industries (GTLS) +11.66%. The shares climbed the most on Thursday +4.20%. Earlier in the week, UBS upgraded the stock to Buy from Neutral, and separately, the company received an order from Element Resources for a green hydrogen production facility in Lancaster, California.
The SA Quant Rating and the average Wall Street Analysts' Rating, both, on GTLS is Buy. YTD, +16.94%.
This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -2% each. YTD, 4 out of these 5 stocks are in the red.
AAR (NYSE:AIR) -4.34%. The company, which provides products and services to the aviation markets, saw its stock dip -5.94% on Friday after third quarter results post market on Thursday. YTD, -3.65%.
The SA Quant Rating on AIR is Hold with a factor grade of C- for Profitability and C for Momentum. The average Wall Street Analysts' Rating differs and has a Strong Buy rating, wherein 4 out of 5 analysts view the stock as such.
ZTO Express (ZTO) -3.62%. The Chinese logistics services provider's stock rose +4.39% on Wednesday after fourth quarter results beat estimates, however, it gave up the gains the following day by falling -4.16%. YTD, -1.22%.
The SA Quant Rating on ZTO is Hold with score of B- for Growth and D+ for Momentum. The average Wall Street Analysts' Rating disagrees and has a Strong Buy rating, wherein 15 out of 20 analysts tag the stock as such.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
Kanzhun (BZ) -3.33%. Shares of the Chinese online recruitment platform pared off gains made last week when it was the top gainer, to land among the decliners' list this week. However, YTD, the stock has gained +11.80% and is the only one among this week's top five decliners which is in the green for this period.
The SA Quant Rating on BZ is Hold, with a factor grade of B+ for Profitability and A- for Growth. The average Wall Street Analysts' Rating differs and has a Strong Buy rating, wherein 13 out of 20 analysts tag the stock as such.
Schneider National (SNDR) -2.88%. The transportation and logistics services provider saw its stock fall the most on Monday (-3.50%). YTD, -13.95%. The SA Quant Rating on SNDR is Sell, which is in contrast to the average Wall Street Analysts' Rating of Buy.
Knight-Swift Transportation (KNX) -2.88%. Shares of the Phoenix, Ariz.-based company has declined -8.79%, YTD. The SA Quant Rating on KNX is Hold, while the average Wall Street Analysts' Rating is Buy.