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The Industrial Select Sector (XLI) fell for the second week in a row for the week ending Oct. 27 (-2.29%), while the SPDR S&P 500 Trust ETF (SPY) also saw losses for the second week straight (-2.50%).
XLI was among the 10 of the 11 S&P 500 sectors which ended the week in red. Year-to-date, XLI has dipped -1.80%, while SPY has risen +7.39%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +8% each this week. YTD, 4 out of these 5 stocks are in the green.
Textainer Group (NYSE:TGH) +43.98%. The stock surged +44.69% on Monday after Infrastructure fund Stonepeak agreed to acquire the Bermuda-based shipping container lessor for $2.1B, according to an Oct. 22 report. YTD, the shares have risen +58.56%, the most among this week’s top five gainers for this period.
TGH 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 D+ for Growth. The average Wall Street Analysts’ Rating differs and has a Buy rating, wherein 1 out of 3 analysts tag it as Strong Buy, while the other 2 see it as Hold.
FTI Consulting (FCN) +15.98%. The Washington, D.C.-based company’s stock rose +17.64% on Thursday after its Q3 results beat estimates. YTD, +35.99%. The SA Quant Rating on FCN is Hold with score of A for Momentum but D+ for Valuation. The average Wall Street Analysts’ Rating has a more positive view with a Buy rating, wherein 2 out of 3 analysts see the stock as Strong Buy.
The chart below shows YTD price-return performance of the top five gainers and SPY:
Comfort Systems USA (FIX) +14.56%. The Houston-based mechanical and electrical installation provider’s Q3 EPS and revenue surpassed analysts estimates which sent the stock soaring +14.55% on Friday. YTD, +52.87%.
The SA Quant Rating on FIX is Hold with score of A for Momentum and B+ for Growth. The rating is in contrast to the average Wall Street Analysts’ Rating of Buy, wherein 1 out of 3 analysts see the stock as Strong Buy, while the other 2 tag it as Hold.
RTX (RTX) +9.11%. The aerospace and defense company’s stock jumped +7.18% on Tuesday after the company announced its Q3 results, which beat analysts expectations, and a $10B stock buyback plan. However, YTD, the stock has tumbled -21.56%, the only one among this week’s top five gainers which is in the red for this period. The SA Quant Rating on RTX is Hold, while the average Wall Street Analysts’ Rating is Buy.
Crane (CR) +8.48%. Third-quarter results of the Stamford, Conn.-based company helped the stock climb +13.57% on Tuesday. YTD, +26.72%. Crane has a SA Quant Rating of 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 -15% each. YTD, all these 5 stocks are in the red.
TransUnion (NYSE:TRU) -33.05%. The Chicago-based company’s stock fell throughout the week, the most on Tuesday (-23.30%) after Q3 results missed analysts expectations. YTD, -23.17%.
The SA Quant Rating on TRU is Hold with a factor grade of B for Profitability and C for Growth. The average Wall Street Analysts’ Rating disagrees and has Buy rating, wherein 9 out of 19 analysts view the stock as Strong Buy.
Chart Industries (GTLS) -26.74%. The cryogenic equipment maker saw its stock slump -24.87% on Friday after Q3 EPS and revenue missed estimates. YTD, -4.43%.
The SA Quant Rating on GTLS is Buy with score of B for Momentum and B- for Valuation. The average Wall Street Analysts’ Rating agrees with a Buy rating of its own, wherein 12 out of 19 analysts tag the stock as Strong Buy.
The chart below shows YTD price-return performance of the worst five decliners and XLI:
Valmont (VMI) -18.75%. The Omaha, Neb.-based metal products maker’s stock fell -13.95% on Thursday after mixed Q3 performance. YTD, the stock has fallen -42.90%, the most among this week’s top five decliners for this period.
The SA Quant Rating on VMI is Sell with score of D+ for Valuation and D for Momentum. The rating is in stark contrast to the average Wall Street Analysts’ Rating of Buy rating, wherein 2 out of 7 analysts view the stock as Strong Buy.
Grupo Aeroportuario del Centro Norte (OMAB) -17.13%. The Mexican airport operator’s stock fell throughout the week. YTD, -8.21%. The SA Quant Rating on OMAB is Hold, while the average Wall Street Analysts’ Rating is Buy.
Exponent (EXPO) -15.45%. The engineering consulting company’s shares tumbled -14.37% on Friday after Q3 results, post market on Thursday. YTD, -26.60%. The SA Quant Rating on EXPO is Hold, which differs with the average Wall Street Analysts’ Rating of Buy.
