JOBY - Earnings show propels Acuity to #1 industrial gainer Lion Electric drives to top loser

Earnings show drove the top industrial gainer while concerns in the electric vehicle sector pulled down Lion Electric for the week ending Oct. 8 Industrial Select Sector SPDR (NYSEARCA:XLI) finished the week in the green +1.78% after being in the red for two weeks on the trot. It was among the gaining sectors in SPDR S&P 500 Trust ETF (NYSEARCA:SPY) which itself rose +0.83% for the week after being on a decline for two weeks. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than 12% this week. Acuity Brands (NYSE:AYI) +16.71% rode the earnings wave and rose the most on Oct. 6 (+10.90%) after its FQ4 results beat analysts estimates. The company, which provides lighting and building management solutions, reported quarterly adjusted EPS that increased nearly 40% Y/Y and revenue that grew 11.4%. Enovix (NASDAQ:ENVX) +13.60%. The battery maker was back among the top gainers this week.

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Earnings show propels Acuity to #1 industrial gainer, Lion Electric drives to top loser