BE - Power shipping stocks top industrial gainers while Avis Budget falls to pick #1 loser tag

Shipping and power/renewable energy-related stocks made the top five gainers, with Bloom Energy taking the #1 tag this week; while trucking/logistics stocks decline was a main theme among the losers. Meanwhile, the S&P 500 is dipping into bear market territory, and volatility levels in the S&P VIX Index (VIX) have risen 5.7%. Traders are telling BofA Securities that an additional 8% drop in the S&P 500 (SP500) (SPY) is a bullish scenario. For the week ending May 20, The SPDR S&P 500 Trust ETF (SPY) was -3.01%, now in the red for seven weeks a row. YTD, the ETF is -17.97%. The Industrial Select Sector SPDR (XLI) was -3.61%, now in the red for two weeks straight. YTD, XLI is -15.19%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +5% each. Bloom Energy (NYSE:BE) +12.68%. The San Jose, Calif.-based company leapfrogged from the #1 decliner spot it

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Power, shipping stocks top industrial gainers, while Avis Budget falls to pick #1 loser tag