The Industrial Select Sector (XLI) rose +1.82% for the week ending April 26, which saw trucking stocks among the decliners.
The SPDR S&P 500 Trust ETF (SPY) rose +2.65%. Both SPY and XLI, swung back to gains after last week’s losses. All 11 S&P 500 sectors ended the week in the green amid the busy earnings season. Year-to-date, or YTD, XLI has jumped +7.61%, while SPY has climbed +6.93%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +17% each this week. YTD, 4 out of these 5 stocks are in the green.
Vertiv (NYSE:VRT) +24.64%. Shares of Vertiv — which provides products and services for data centers and communication networks — soared after first quarter results beat estimates and the company raised its full year outlook. YTD, +94.65%
VRT 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 Profitability and A+ for Growth. The rating is in contrast to the average Wall Street Analysts’ Rating of Strong Buy rating, wherein 9 out of 13 analysts tag the stock as such.
Exponent (EXPO) +20.26%. The science and engineering consulting company’s stock surged the most on Friday (+19.49%) after first quarter GAAP EPS and revenue results (post market Thursday) exceeded analysts’ expectations. YTD, +8.14%.
The SA Quant Rating on EXPO is Sell with score of D+ for Momentum and F for Valuation. The average Wall Street Analysts’ Rating disagrees and has a Buy rating, wherein 1 analyst tags it as Strong Buy and 2 see it as Hold.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Joby Aviation (JOBY) +17.84%. The electric air taxi maker saw its stock rise throughout the week. However, YTD the shares have fallen -19.55%.
The SA Quant Rating on Joby is Sell with score of D- for Profitability and B- for Valuation. The average Wall Street Analysts’ Rating differs and has a Hold rating, wherein 2 out of 7 analysts view the stock as such.
Grupo Aeroportuario del Pacífico (PAC) +17.50%. The Mexican airport operator’s stock climbed the most on Tuesday after the company’s first quarter results (post market on Monday). YTD, +4.71%. The SA Quant Rating on PAC is Hold, while the average Wall Street Analysts’ Rating is Buy.
Grupo Aeroportuario del Centro Norte (OMAB) +17.34%. OMAB was another Mexican airport operator which witnessed its stock surge on Tuesday (+7.24%), following its fourth quarter earnings (post market on Monday). YTD, +4.12%. The SA Quant Rating on OMAB is Hold, which is in contrast to 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 -7% each. YTD, 4 out of these 5 stocks are in the red.
TriNet (NYSE:TNET) -17.57%. The human resource services provider’s stock fell -16.61% on Friday after it released first quarter results and provided outlook for the second quarter and full year. YTD, -11.11%.
The SA Quant Rating on TNET is Hold with a factor grade of A- for Profitability and B+ for Momentum. The average Wall Street Analysts’ Rating differs and has a Buy rating, wherein 3 out of 7 analysts view the stock as Strong Buy.
Saia (SAIA) -17.14%. The trucking company’s stock fell for the second week in a row. The company’s first quarter results on Friday missed estimates, following which the stock declined -21.03%. YTD, -2.15%.
The SA Quant Rating on SAIA is Strong Buy with score of B for Growth and D for Valuation. The average Wall Street Analysts’ Rating is also positive and has a Buy rating, wherein 9 out of 21 analysts tag the stock as Strong Buy.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
Old Dominion Freight Line (ODFL) -13.88%. The Thomasville, N.C.-based company was another name in the trucking sector to report less-than-stellar metrics. The stock dipped the most on Wednesday (-11.05%) after the company’s first quarter earnings. YTD, -9.99%.
The SA Quant Rating on ODFL is Hold, with a factor grade of A+ for Profitability and A- for Growth. The average Wall Street Analysts’ Rating agrees and has a Hold rating too, wherein 13 out of 23 analysts tag the stock as such.
Southwest Airlines (LUV) -8%. The stock fell -6.96% on Thursday after the airline posted a slightly wider loss than anticipated with its Q1 earnings report. YTD, -6.41%. The SA Quant Rating on LUV is Buy, while the average Wall Street Analysts’ Rating is Hold.
ArcBest (ARCB) -7.35%. ArcBest was another trucking company which saw its stock dip this week, with the most on Friday (-7.38%). However, YTD the stock has risen +6.39% the most among this week’s top five decliners in this period. The SA Quant Rating on ARCB is Hold, which differs from the average Wall Street Analysts’ Rating of Buy.