EVEX - Earnings help Copa soar to top industrial gainer Bloom Energy sees No. 1 loser tag

2023-05-13 12:35:29 ET

The Industrial Select Sector ( XLI ) fell for the third week in a row, ending -1.04% , while the SPDR S&P 500 Trust ETF ( SPY ) sunk ( -0.25% ) for the second week straight. XLI was among the nine, out of the 11 S&P 500 sectors, which closed the week in red. On Thursday, the Producer Price Index came in cooler than expected in April on a Y/Y and M/M basis.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +6% each this week. YTD, 4 out of these 5 stocks are in the green.

Copa Holdings ( NYSE: CPA ) +13.10% . The Panama-based airline saw its stock soar on Thursday ( +10.56% ) after Q1 results beat estimates.

CPA has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Strong Buy . The stock has a factor grade of A+ for Growth and B for Profitability. The average Wall Street Analysts' Rating is Buy, wherein 9 out of 15 analysts see the stock as Strong Buy . YTD, +25.90% .

Eve Holding ( EVEX ) +8.37% . The shares shot up the most this week on Monday ( +4.99% ). The electric air taxi developer also reported its quarterly result on Tuesday but the stock closed only +0.77% higher that day.

The SA Quant Rating on EVEX is Hold with score of B for Momentum and D for Valuation. The average Wall Street Analysts' Rating differs with a Buy rating, wherein 2 out of 7 analysts tag the stock as Strong Buy, 1 as Buy and 4 as Hold. YTD, +11.53% .

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

Embraer ( ERJ ) +7.68% . The Brazilian aircraft maker's shares rose +4.23% on Friday after NetJets said in a post-market release on Thursday that it signed a deal worth over $5B for up to 250 Praetor 500 jets with Embraer.

ERJ has a SA Quant Rating of Hold with factor grade of A for Momentum and D+ for Growth. Meanwhile, the average Wall Street Analysts' Rating is Buy , wherein 7 out of 14 analysts view the stock as Strong Buy. YTD, +30.83% .

MSA Safety ( MSA ) +6.92% . The safety equipment maker's stock rose throughout the week. The SA Quant Rating on MSA is Hold , which is in contrast to the average Wall Street Analysts' Rating of Buy . YTD, -0.50% .

GXO Logistics ( GXO ) +6.88% . Q1 earnings and revenue exceeding expectations helped boost the stock on Wednesday ( +2.90% ).  YTD, the shares have risen +31.44% , the most among this week's top five gainers. The SA Quant Rating on GXO is Hold , which differs with 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 -8% each. YTD, 3 out of these 5 stocks are in the red.

Bloom Energy ( NYSE: BE ) -25.18% . The company's stock fell throughout the week, the most on Wednesday ( -8.49% ) following mixed Q1 results post-market Tuesday, and on Thursday ( -12.96% ) after unveiling plans to offer $500M in senior notes convertible to cash and common stock. YTD, -33.47% .

The SA Quant Rating on BE is Hold with a factor grade of A+ for Growth and D- for Profitability. The average Wall Street Analysts' Rating differs with a Buy , wherein 7 out of 21 analysts see the stock as Strong Buy.

Plug Power ( PLUG ) -19.48% . Shares of the Latham, N.Y.-based company declined -13.83% on Tuesday after posting a larger than expected Q1 loss and issuing a FY23 revenue forecast that lagged analyst expectations. YTD, -39.53% , the most among this week's worst five performers.

The SA Quant Rating on PLUG is Sell with a factor grade of F for both Profitability and Momentum. The rating is in stark contrast to the average Wall Street Analysts' Rating of Buy , wherein 14 out of 29 analysts tag the stock as Strong Buy.

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

Chart Industries ( GTLS ) -9.68% . The Ball Ground, Ga.-based cryogenic solutions provider's stock declined throughout the week, barring Monday. YTD, -0.82% . GTLS has a SA Quant Rating of Hold , with a score of A+ for Growth but C for Profitability. The average Wall Street Analysts' differs with a Strong Buy rating, wherein 12 out of 17 analysts view the stock as Strong Buy.

Axon Enterprise ( AXON ) -8.37% . The maker of Tasers saw its stock plunge on Wednesday ( -15.05% ) despite Q1 results beating estimates. The SA Quant Rating on AXON is Hold , but the average Wall Street Analysts' differs with a Buy rating. YTD, +21.44% .

AAON ( AAON ) -8.30% . The cooling and heating equipment manufacturer's stock fell the most on Monday ( -6.11% ). The SA Quant Rating on AAON is Hold , which is in contrast to the average Wall Street Analysts' rating of Buy . YTD, +25.72% , gaining the most among this week's worst decliners.

For further details see: