The Industrial Select Sector (XLI) set sail for its third consecutive week of gains, rising by a steady +2.37%. Not to be outdone, the SPDR S&P 500 Trust ETF (SPY) also charted a positive course, up +1.87% for the week ending May 10.
All 11 S&P 500 sectors rode the rising tide, painting the week green. Year-to-date, XLI boasted a solid +10.26% while SPY clocked in at +9.58%.
The ocean of industrial stocks — those with a market cap exceeding $2 billion — saw the top five gainers surf to gains exceeding +12% each. YTD, these five champions held strong in the positive seas.
All Aboard the ZIM Voyage
ZIM Integrated Shipping Services (NYSE:ZIM) emerged as the star of the show, with a remarkable surge of +36.57%. The Israeli shipping company’s stock saw a relentless climb, notably peaking on Thursday with a buoyant +9.88%, leading to an impressive YTD growth of +78.22%.
ZIM’s performance metrics paint a mixed picture, with a SA Quant Rating of Hold. The stock received a D for Profitability and D- for Growth, echoing sentiments from the average Wall Street Analysts’ Rating, which also settled on a Hold designation, with 2 out of 6 analysts concurring.
Rising Stars in the Industrial Sky
Sterling Infrastructure (STRL) set sail on a positive trajectory, gaining +27.40%. The company’s stock surged by +15.78% on the crest of Tuesday’s trading wave, propelled by a revenue beat in the first quarter, resulting in a YTD growth of +46.56%.
The STRL voyage showcased a Strong Buy SA Quant Rating, highlighting A+ for Momentum and C for Valuation. On the shore of Wall Street, the average analyst opinion leaned towards the cautious Hold.
The chart below showcases the YTD performance of the top gainers and SPY:
Mueller Water Products (MWA) floated to a gain of +18.73%, with a notable +8.82% surge following the second-quarter results beat on Tuesday. YTD growth stood at +33.82%.
With a Strong Buy rating from SA Quant, MWA scored a D- for Profitability and B- for Valuation. The average Wall Street Analysts’ Rating resonated positivity, siding with a Buy rating, where 3 out of 6 analysts pegged the stock as a Strong Buy.
Louisiana-Pacific (LPX) soared, gaining +17.43%. The company, catering to home construction needs, saw its shares escalate by +20.79% after an upbeat first quarter. YTD growth held firm at +23.18%.
Builders FirstSource Hits Rough Waters
This week’s top decliners among the industrial elite, with a market cap exceeding $2 billion, all experienced a turbulent ride, witnessing losses exceeding -7% each. YTD, only 2 out of these 5 stocks managed to stay afloat.
Builders FirstSource (NYSE:BLDR) found itself in choppy waters, plummeting by -14.73%. The Texas-based company’s stock took a harsh -19.05% plunge post the first quarter results and outlook announcement, while YTD growth barely stayed positive at +0.01%.
The SA Quant Rating on BLDR signaled a Hold with a solid A- for Profitability and B- for Momentum. Wall Street analysts differed in opinion, leaning towards a Buy rating, with a majority — 9 out of 16 analysts — advocating for a Strong Buy stance.
Atkore (ATKR) encountered a storm, witnessing a -11.37% decline. The electrical product maker’s stock plummeted by -12.51% after a revenue miss in the second quarter, leading to a downward revision in the full-year outlook. YTD showed a negative drift at -2.37%.
The SA Quant Rating gave ATKR a Hold status, highlighting a D for Growth and C+ for Valuation. Meanwhile, the average Wall Street Analysts’ Rating provided a slight silver lining, showcasing a Buy rating and identifying 2 out of 5 analysts as Strong Buy advocates.
Embroiled in a tempest, airplane carrier Ryanair (RYAAY) faced a turbulent flight, recording a -7.80% drop. The Irish airline stock nosedived by -9.33% following a warning by CEO Michael O’Leary about lesser-than-expected summer fare hikes. YTD took a beating at -3.01%.
The SA Quant Rating rated RYAAY as a Hold, with a stellar A for Profitability and Growth. Interestingly, Wall Street Analysts viewed it through rose-tinted glasses, branding it as a Strong Buy, with 4 out of 5 analysts endorsing the sentiment.
The industrial landscape unraveled further as BWX Technologies (BWXT) spiraled downwards by -7.64%. The nuclear components maker took a nosedive of -11.97% despite trumping first-quarter estimates. However, YTD managed to escape the storm, holding at a positive +17.16%.
Spirit AeroSystems (SPR) faced turbulence, watching its stock dip by -7.41%, with a significant tumble of -6.11% post the first-quarter results announcement. YTD showcased a cloudy sky with a -4.06% descent. SPR’s SA Quant Rating labeled it a Hold, in contrast to the Buy sentiment echoing from the Wall Street Analysts’ Rating.
The charts below reveal the YTD performance of both the best winners and the worst losers among the industrial realm:
