XLI - Earnings make Ritchie Bros. top industrial gainer while Kornit dives to pick #1 loser tag

With earnings being the major theme again this week, Ritchie Bros. led the gainers, while Kornit's stock lost over 30% of its worth. Despite gains early on May 13 trading, the S&P 500 (SP500) remains close to bear market territory for 2022. For the week ending May 13, The SPDR S&P 500 Trust ETF (SPY) -2.34% has been in the red for six weeks a row now. YTD, the ETF is -15.42%. The Industrial Select Sector SPDR (XLI) -2.53% was in the red after a rare week in green last week, which had followed five weeks of decline. YTD, XLI -12.01%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +10% each. Ritchie Bros. Auctioneers (NYSE:RBA) +18.23%. The Canadian industrial equipment seller saw its stock rise the most on May 10 (+11.98%) a day after its Q1 earnings beat analysts' estimates. The company's revenue also grew +18.8% Y/Y. YTD, the stock

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Earnings make Ritchie Bros. top industrial gainer, while Kornit dives to pick #1 loser tag