Vladimir Zapletin
Industry Choice Fields (XLI) ended its two-week losing streak to end the week ending March 24 in the green (+0.24%).
SPDR S&P 500 Trust ETF (spy) is also achieved (+1.48%) between a The banking crisis lasted and a week saw the Federal Reserve wander Its main lending rate increased by 25 basis points while noting that the additional policy firm can come. Meanwhile, February Durable Goods Orders decreased by 1.0% M/M, fall in three of the past four months.
The top five gainers in the industrial sector (stocks with market capitalizations over $2 billion) all rose more than +6% every week. Since the beginning of the year, only 2 out of 5 stocks have been in green.
Worthington Industry (NYSE:JOB) +20.34%. Ohio-based steelmaker shares soaring on Thursday (+15.45%) after Q3 result beat analysts’ estimates.
WOR has an SA Quantitative Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Strong buy. The stock has a C+ factor score for both Profitability and Growth. Rating as opposed to Wall Street Analysts Average Rating of Hold, where 3 out of 3 analysts view the stock as such. YTD +26.17%.
Kanzhun (BZ) +9.81%. Beijing-based online recruitment platform has leapt from the lead in decline establish itself in the previous two weeks to gain a place among the bulls. The week saw Kanzhun report Q4 result Beats estimates and announces $150 million worth of stock repurchase plan. Kanzhun’s securities saw volatility throughout 2022, while YTD in 2023, the stock is -3.83%.
The Quantitative Rating of SA on BZ is Hold with a C- for Momentum and a D for Valuation. Wall Street analysts’ average ratings differ from Strong buy ratings, where 9 out of 13 analysts rate the stock as such.
Charting Industry (GTLS) +8.40%. Chart, which makes cryogenic equipment for the clean gas and energy markets, also recovered from its biggest loser position last week to become one of the gainers this time around. Stocks that gained the most on Tuesday (+10.01%).
The SA Quantitative Rating on GTLS is Sell with an F for Profitability and a D for Momentum. Rating in stark contrast to Wall Street Analysts’ Average Rating of Strong buy, where 13 out of 16 analysts consider the stock a Strong Buy. YTD, -3.16%.
The chart below shows YTD return price Movements of the top 5 gainers and SP500:
Carpenter Technology (CRS) +6.80%. Philadelphia-based specialty metals maker made the most money on Monday (+5.11%). YTD, CRS is +10.99% and is the only stock, other than WOR, of this week’s top five stocks in the green during this period. Wall Street analysts’ average rating for CRS is Buywhile the SA Quantitative Rating is Hold.
Flowering energy (TO BE) +6.59%. Solar-related stocks, including Bloom, rose on Tuesday, recover Some of last week’s losses stemmed from concerns that the bankruptcy of Silicon Valley Bank could hurt the clean energy industry. blooming roses +6.57% However, on Tuesday, YTD, the stock fell -4.39%.
The Quantitative Rating of SA on BE is Holddiffers from Wall Street Analysts’ Average Rating of Buy.
The top five losers this week among industrial stocks (market capitalization over $2 billion) all lost more than -4% each. YTD, 2 out of 5 stocks are in the red.
Vision brand (NYSE:AYI) -7.31%. The lighting solutions provider may have taken the top spot this week but YTD is still in the green (+1.95%). The SA Quantitative Rating on AYI is Hold with a score of B+ for Profitability and C- for Growth. Wall Street analysts’ average ratings differ from Buy rating, where 3 out of 8 analysts rate the stock as Strong Buy.
U-Haul Organization (UHAL) -4.86%. A storage and migration operator based in Reno, Nev. saw his stock slide -ten% YTD. The SA Quantitative Rating on UHAL is Holdwith a B+ for Valuation and a C+ for Momentum.
The chart below shows the last 6 months return price movements of the 5 worst losers and XLI:
Pool (POOL) -4.86%. The pool equipment distributor, based in Covington, Louisiana, was one of three of five stocks that fell this week in green. YTD, +7.57%. The SA Quantitative Rating on POOL is Hold, with an A for Profitability and a C for Growth. Wall Street analysts’ average ratings differ from Buy ratings, where 4 out of 11 analysts consider the stock a Strong Buy.
RXO (RXO) -4.71% took fourth place while the company that the trucking provider split off from, XPO (XPO) -4.61% landed in fifth place among this week’s discounters. YTD, RXO had a better run, increased +8.26%while XPO refused -8.68%.
Wall Street analysts’ average rating for RXO is Hold No Quantitative Rating yet. Meanwhile, SA Quant Rating on XPO is Selland the Average Rating of Wall Street Analysts is Buy.
