XYL - Microvast climbs to top industrial gainer while C.H. Robinson picks #1 loser tag
Meme stock Microvast led the industrial gainers in a week which saw earnings making or breaking it for the companies in the week ending Feb. 4. Industrial Select Sector SPDR (NYSEARCA:XLI) +0.41% was in the green after sliding for three weeks in a row. Meanwhile, SPDR S&P 500 Trust ETF (NYSEARCA:SPY) +1.53% ended the week in the green for the second week straight. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +13%. Microvast Holdings (NASDAQ:MVST) +31.13%. The battery system maker's stock rose the most on Feb. 4 (+11.59%), along with several electric vehicle stocks as the sector stayed tightly correlated with some of the recent sentiment on the tech sector. The meme stock has been swaying between gainers and losers since last year. SA contributor Livy Investment Research had written in December 2021, Microvast Stock Forecast: What To Consider For 2022. Allegheny Technologies (NYSE:ATI) +23.36%. The specialty materials
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Microvast climbs to top industrial gainer, while C.H. Robinson picks #1 loser tag