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The Industrial Select Sector (XLI) climbed +1.08% for the week ending March 1, while the SPDR S&P 500 Trust ETF (SPY) grew +0.98%, with XLI being among the 6 of the 11 S&P 500 sectors which ended the week in the green.
Year-to-date, XLI has gained +6.61%, while SPY has risen +7.90%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +16% each this week. YTD, 4 out of these 5 stocks are in the green.
Plug Power (NASDAQ:PLUG) +29.24%. The Latham, N.Y.-based company’s shares surged the most on Tuesday (+16.78%) followed by +10.20% on Friday when it reported its earnings noting that it has resolved “going concern” doubts. However, YTD the stock has slumped -13.56%, and is the only one among this week’s top five gainers which is in the red for this period.
Plug has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Sell. The stock has a factor grade of F for Profitability and C- for Growth. Meanwhile, the average Wall Street Analysts’ Rating is Hold, wherein 17 out of 30 analysts tag the stock as such.
Sterling Infrastructure (STRL) +27.53%. The construction company’s stock rose +18.09% on Tuesday following fourth quarter results wherein non-GAAP EPS beat analysts expectations. YTD, +26.21%. The SA Quant Rating on STRL is Strong Buy with score of A+ for Momentum and B- for Valuation. The average Wall Street Analysts’ (1 analyst in this case) Rating is Hold.
The chart below shows 6-month price-return performance of the top five gainers and SPY:
MasTec (MTZ) +19.66%. The infrastructure construction company’s stock rose throughout the week with the most on Friday +12.44% after fourth quarter results, which beat estimates. YTD, +12.06%. The SA Quant Rating on MTZ is Hold with score of C- for Profitability and B- for Valuation. The average Wall Street Analysts’ Rating differs and has Buy rating, wherein 7 out of 12 analysts tag the stock as Strong Buy.
Emcor Group (EME) +18.64%. Shares of the Norwalk, Conn.-based construction and energy solutions’ provider jumped +10.08% on Wednesday after reporting, what it called “record quarterly,” revenue of $3.44B and raising dividend amount. YTD, +48.54%. The SA Quant Rating on EME is Hold, which is in contrast to the average Wall Street Analysts’ Rating of Buy.
Axon Enterprise (AXON) +16.12%. The Taser maker’s stock surged +13.76% on Wednesday after Q4 adjusted earnings easily beat Wall Street estimates and the company’s sales guidance exceeded expectations. YTD, +21.65%. The SA Quant Rating on AXON is Strong Buy, while the average Wall Street Analysts’ Rating is Buy.
This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -5% each. YTD, 3 out of these 5 stocks are in the red.
First Advantage (NASDAQ:FA) -8.45%. Shares of the background screening services provider fell -7.01% on Thursday after it said it was acquiring Sterling Check (STER) in a deal worth about $2.2B. The company also reported fourth quarter results which missed estimates. YTD, -4.59%.
The SA Quant Rating on FA is Hold with a factor grade of B- for Profitability and C+ for Momentum. The average Wall Street Analysts’ Rating disagrees and has a Buy rating wherein 3 out of 7 analysts view the stock as Strong Buy.
Vestis (VSTS) -6.59%. The company, which provides uniforms and workplace supplies, saw its stock dip throughout the week. YTD, -11.49%. The average Wall Street Analysts’ Rating on VSTS is Buy rating, wherein 6 out of 9 analysts tag the stock as Strong Buy.
The chart below shows 6-month price-return performance of the worst five decliners and XLI:
FTI Consulting (FCN) -5.42%. The Washington, D.C.-based company’ stock dipped this week but YTD, the shares are in the green, +2.63%. The SA Quant Rating on FCN is Hold with a factor grade of B- for Profitability and C- for Growth. The average Wall Street Analysts’ Rating differs and has a Buy rating, wherein 2 out of 3 analysts view the stock as Strong Buy.
Matson (MATX) -5.28%. The SA Quant Rating on the shipping company is Hold while the average Wall Street Analysts’ Rating is Buy. YTD, +0.57%.
Knight-Swift Transportation (KNX) -5.19%. The trucking company, which promoted Adam Miller to CEO earlier this week, has seen its stock dip -4.25% year-to-date. The SA Quant Rating on KNX is Hold, while the average Wall Street Analysts’ Rating is Buy.