JOBS - M&A drives industrial gainers while TuSimple takes top loser spot twice in July

Multibillion dollar deals and earnings drove this week's top industrial stocks as the five new entrants rallied close behind each other with less than 3.5% gains separating the leader and #5. Meanwhile, earnings continued to rattle some stocks in the decliners list. Industrial Select Sector SPDR (NYSEARCA:XLI) gained +0.38% in the week ending July 30. The top five gainers in the industrial sector (stocks with a market cap of over $2B): APi Group (NYSE:APG) +15.91%. APi surged during the week after Carrier Global (NYSE:CARR) agreed to sell its Chubb fire and security business to the company for an enterprise value of $3.1B. RBC Bearings (NASDAQ:ROLL) +15.83% came in close second after it agreed to acquire ABB's (NYSE:ABB) Dodge mechanical power transmission business for $2.9B in cash. TriNet Group (NYSE:TNET) +13.31% rode the earnings wave after it reported Q2 total revenues increased 16% Y/Y to $1.1B. Aluminum products maker Arconic (NYSE:ARNC) +12.80% soared after aluminum prices surged to the highest in more

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M&A drives industrial gainers while TuSimple takes top loser spot twice in July