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The Industrial Select Sector (XLI) dipped -0.21% for the week ending March 15, while the SPDR S&P 500 Trust ETF (SPY) fell for the second straight week (-0.37%). XLI was among the 6 of the 11 S&P 500 sectors which ended the week in the red.
However, Year-to-date, or YTD, both of these are in the green, XLI +7.06%, SPY +7.26%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +7% each this week. YTD, 4 out of these 5 stocks are in the green.
Kanzhun (NASDAQ:BZ) +13.20%. Shares of the Chinese online recruitment platform soared +18.80% on Tuesday after its fourth quarter results beat estimates and the company announced a stock buyback plan worth up to $200M. YTD, +15.25%.
BZ 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 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.
3M Company (MMM) +11.82%. The stock rose the most on Wednesday (+5.42%) after CEO Mike Roman said the Saint Paul, Minn.-based company is likely to report a higher profit for the first quarter. A day before this, the company appointed former L3Harris Technologies’ Chairman and CEO William Brown as its new CEO, effective May 1. YTD, -3.95%.
The SA Quant Rating on MMM is Hold with score of C for Momentum and A- for Valuation. The average Wall Street Analysts’ Rating agrees and has a Hold rating too, wherein 16 out of 19 analysts see the stock as such.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Embraer (ERJ) +8.82%. The Brazilian aircraft maker’s stock jumped +9.51% on Thursday after it selected Dassault Systèmes’ Simulation Technology to support quieter eVTOL aircraft development for Eve Air Mobility. Separately, Embraer also secured a 120 minute extended twin-engine operations approval for the E190-E2 and E195-E2 from Brazil’s Civil Aviation Authority. YTD, +26.45%.
The SA Quant Rating on ERJ is Buy with score of C- for Profitability and C+ for Valuation. The average Wall Street Analysts’ Rating is also Buy, wherein 6 out of 13 analysts view the stock as Strong Buy.
ZTO Express (ZTO) +8.29%. The Chinese logistics services provider’s stock climbed the most on Tuesday (+4.23%). YTD, +2.49%. The SA Quant Rating on ZTO is Hold, which is in contrast to the average Wall Street Analysts’ Rating of Strong Buy.
Air Lease (AL) +7.60%. YTD, shares of the Los Angeles-based aircraft leasing company have risen +12.37%. The SA Quant Rating on AL is Hold, which differs from the average Wall Street Analysts’ Rating of Buy.
This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -9% each. YTD, 3 out of these 5 stocks are in the red.
Southwest Airlines (NYSE:LUV) -17.25%. The company’s stock fell -14.86% on Tuesday following its 2024 capacity reduction plan, citing Boeing issues. YTD, -1.84%.
The SA Quant Rating on LUV is Hold with a factor grade of B+ for Profitability and D+ for Momentum. The average Wall Street Analysts’ Rating concurs and has a Hold rating too, wherein 11 out of 21 analysts view the stock as such.
Plug Power (PLUG) -17.16%. The Latham, N.Y.-based company’s shares fell the most on Monday (-8.96%). Plug was the top industrial gainer (in this segment) two weeks ago. YTD, -26%.
The SA Quant Rating on PLUG is Strong Sell with score of D for Growth and F for Momentum. The average Wall Street Analysts’ Rating differs and has a Hold rating, wherein 17 out of 30 analysts tag the stock as such.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
AeroVironment (AVAV) -10.61%. The Arlington, Va.-based drone maker shed gains made from last week, when it was the top industrial gainer (in this segment). YTD, +17.90%. The SA Quant Rating on AVAV is Hold with a factor grade of D+ for Profitability and A for Growth. Meanwhile, the average Wall Street Analysts’ Rating is Buy rating, wherein 2 out of 5 analysts tag the stock as Strong Buy.
Bloom Energy (BE) -10.18%. Shares of the company leapfrogged from the gainers’ group it found itself in last week to land among the decliners’ list this week. YTD, -37.43%. The SA Quant Rating on BE is Sell, which is in contrast to the average Wall Street Analysts’ Rating of Buy.
IES Holdings (IESC) -9.99%. The Houston-based company, which provides infrastructure products and services, saw its stock dip the most on Monday (-9.48%). YTD, +29.02%.