Saturday, May 25, 2024

Symbotic climbs to top industrial gainer of week, freight transport companies among losers

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Distribution Warehouse With Automated Guided Vehicles And Robots Working On Conveyor Belt

onurdongel/E+ via Getty Images

For the week ending June 9, the Industrial Select Sector (XLI) gained (+1.45%) and was among the seven, out of the 11 S&P 500 sectors, which closed the week in green. The SPDR S&P 500 Trust ETF (SPY) also rose (+0.46%).

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +9% each this week. YTD, all these 5 stocks are in the green.

Symbotic (NASDAQ:SYM) +28.86%. The robotics warehouse automation company saw its shares surge the most on Wednesday (+12.68%). YTD, the stock has soared +260.89%, the most among this week’s top five gainers.

SYM 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 D for Growth. The average Wall Street Analysts’ Rating differs with a Strong Buy, wherein 10 out of 13 analysts see the stock as Strong Buy.

Joby Aviation (JOBY) +22.32%. The electric air-taxi maker’s stock rose the most on Friday (+11.18%) and YTD, the shares have gained +107.76%. The SA Quant Rating on JOBY is Hold with score of A+ for Momentum but C- for Valuation. The average Wall Street Analysts’ Rating agrees with Hold rating of its own, wherein 3 out of 7 analysts tag the stock as such.

The chart below shows YTD price-return performance of the top five gainers and SP500:

TriNet Group (TNET) +13.03%. The stock jumped on Friday (+9.79%) after a report that the Dublin, Calif.-based payroll services provider was exploring a potential sale. TNET has a SA Quant Rating of Hold with factor grade of A- for Momentum A+ but D for Growth. The rating is in contrast to the average Wall Street Analysts’ Rating of Buy, wherein 2 out of 6 analysts view the stock as Strong Buy. YTD, +57.60%.

Avis Budget (CAR) +10.54%. The car rental company’s shares rose throughout the week, barring Friday (-0.89%). YTD, the shares have gained +17.89%. The SA Quant Rating on CAR is Hold, which differs with the average Wall Street Analysts’ Rating of Buy.

EnPro Industries (NPO) +9.36%. YTD, shares of the Charlotte, N.C.-based company has risen +9.42%. The average Wall Street Analysts’ Rating is Strong Buy, which is in contrast to the SA Quant Rating of Hold.

This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -3% each. YTD, 2 out of these 5 stocks are in the red.

C.H. Robinson Worldwide (NASDAQ:CHRW) -8.13%. The freight transport services provider’s stock dipped on Monday (-6.42%) after reports suggested that the company was closing in on naming Ford executive David Bozeman as its CEO. The official announcement was made a day later.

The SA Quant Rating on CHRW is Hold with a factor grade of A for Profitability but F Growth. The average Wall Street Analysts’ Rating concurs with a Hold, wherein 19 out of 29 analysts see the stock as such. YTD, -2%.

The Toro Company (TTC) -5.19%. The shares fell -7.29% on Thursday after the mowing equipment maker narrowed its sales and EPS guidance for the year. The company’s Q2 revenue also missed estimates.

The SA Quant Rating on TTC is Hold with a factor grade of C for Momentum and D- for Valuation. The average Wall Street Analysts’ Rating is also Hold, wherein 4 out of 6 analysts tag the stock as such. YTD, the stock has fallen -14.54%, the most among this week’s top decliners.

The chart below shows YTD price-return performance of the worst five decliners and XLI:

TFI International (TFII) -4.93%. The Canadian logistics services provider is in the green YTD, +4.75%. The SA Quant Rating on TFII is Hold, with a score of A- for both Profitability and Growth. The average Wall Street Analysts’ rating differs with a Buy rating, wherein 9 out of 21 analysts view the stock as Strong Buy.

Old Dominion Freight Line (ODFL) -4.22%. The freight transport company on Monday said that its revenue per day for May fell -15.7% Y/Y. YTD, the shares have risen +7.90%. The SA Quant Rating and the average Wall Street Analysts’ rating, both, on ODFL is Hold.

Enovix (ENVX) -3.78%. The stock fell the most on Monday (-8.13%) but the lithium-ion battery maker did pare off losses on Tuesday (+4.65%) after announcing agreements with Japanese company Elematec and South Korean power management and IoT-focused distributor Semicomtech.

YTD, the shares have risen +10.37%. The SA Quant Rating on ENVX is Hold, which differs with the average Wall Street Analysts’ rating of Strong Buy.

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