SPY - Ameresco charges to top industrial gainer of week airline stocks among losers

2023-07-15 12:35:56 ET

For the week ending July 14, the Industrial Select Sector ( XLI ) gained +2.27% , Meanwhile, the SPDR S&P 500 Trust ETF ( SPY ) rose +2.45% . All 11 S&P 500 sectors closed the week in green.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +10% each this week. YTD, 3 out of these 5 stocks are in the green.

Ameresco ( NYSE: AMRC ) +15.77% . The Framingham, Mass.-based energy solutions provider signed a contract for a battery energy storage asset in collaboration with United Power. The stock rose the most on Monday, +9.42% . However, YTD the stock has dipped -5.81% , the largest decline among this week's top five gainers.

AMRC 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 D+ for Profitability and A- for Growth. The average Wall Street Analysts' Rating differs with a Strong Buy rating of its own, wherein 10 out of 13 analysts see the stock as such.

Plug Power ( PLUG ) +14.42% . The company's stock shot up the most on Thursday ( +7.48% ) after announcing an order for 100 MW of proton exchange membrane electrolyzers from an unnamed company for a European project. The week also saw the company announce a contract win in Australia and an upgrade by Northland.

The SA Quant Rating on PLUG is Sell with score of D for Momentum and D+ for Valuation. The rating is in contrast to the average Wall Street Analysts' Rating of Buy , wherein 16 out of 30 analysts tag the stock as Strong Buy. YTD, -1.86% .

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

Trex Company ( TREX ) +12.40% . The Winchester, Va.-based decking product maker's stock rose for three days straight from Monday but lost a bit of steam and dipped on Thursday and Friday. YTD, the shares have surged +65.11% .

Trex has a SA Quant Rating of Hold with factor grade of A- for Momentum and C- for Profitability. The average Wall Street Analysts' is more positive with a Buy rating, wherein 9 out of 18 analysts view the stock as Strong Buy.

LegalZoom.com ( LZ ) +11.48% . Shares of the online legal and compliance solutions provider rose throughout the week, sans Friday. YTD, the stock has soared +68.09% , the most among this week's top five gainers. The SA Quant Rating on LZ is Strong Buy , while the average Wall Street Analysts' Rating is Buy .

Rocket Lab USA ( RKLB ) +10.30% . Rocket's stock got a boost on Thursday ( +9.39% ) after the company said it signed a deal with Japanese Earth imaging company Synspective to launch two dedicated Electron missions. The SA Quant Rating on RKLB is Hold , which differs with the average Wall Street Analysts' Rating of Buy . YTD, the shares have zoomed +67.64% .

This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -3% each. YTD, only 1 out of these 5 stocks is in the red.

JetBlue Airways ( NASDAQ: JBLU ) -9.85% . Airline stocks trended lower on Wednesday after a report showed airfares in the U.S. fell ~19% in June Y/Y on an unadjusted basis. JetBlue stock fell the most on Thursday ( -5.32% ) following Delta Air Lines' Q2 results, which beat estimates, but DAL executives pointed on the earnings call that capacity constraints were expected to remain for an “extended period." JetBlue also fell on Friday after announcing next steps as it winds down its partnership with American Airlines Group.

The SA Quant Rating on JBLU is Strong Buy with a factor grade of A for Valuation and B+ for Growth. The average Wall Street Analysts' Rating differs with a Hold rating, wherein 9 out of 13 analysts tag the stock as such. YTD, +24.23% .

RXO ( RXO ) -5.83% . The Charlotte, N.C.-based truckload freight transport company saw its stock dip the most on Wednesday ( -4.87% ) despite announcing new partnerships to help truck drivers save money via the company's carrier rewards program and marketplace.

The average Wall Street Analysts' Rating on RXO is Hold , wherein 11 out of 17 analysts seeing the stock as such. YTD, +18.43% .

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

Frontier Group ( ULCC ) -5.72% . Frontier was among the airline stocks which declined on Wednesday following the Airline fares June data. YTD, the Denver-based company's shares have fallen -5.26% , the most among this week's worst five performers.

ULCC has a SA Quant Rating of Hold with factor grade of D+ for Profitability and A for Growth. The average Wall Street Analysts' disagrees with a Buy rating, wherein 6 out of 13 analysts view the stock as Strong Buy.

Dycom Industries ( DY ) -4.73% . Shares of the engineering services provider slumped the most on Friday ( -5.52% ). YTD, the stock has gained +14.79% . The SA Quant Rating and the average Wall Street Analysts' Rating, both, on DY is Strong Buy .

United Airlines ( UAL ) -3.70% . The Chicago-based company's stock fell throughout the week, barring Monday. However, YTD the shares have soared +41.49% , the most gains among this week's worst five performers. The SA Quant Rating on UAL is Strong Buy , while the average Wall Street Analysts' rating is Buy .

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