EVEX - Symbotic takes top industrial gainer spot again Mercury dips to see loser tag

2023-06-17 12:35:18 ET

For the week ending June 16, the Industrial Select Sector ( XLI )  gained +2.98% . XLI was among the 10, out of the 11 S&P 500 sectors, which closed the week in green. YTD, XLI has risen +7.37% .

Meanwhile, the SPDR S&P 500 Trust ETF ( SPY ) rose +2.22% (YTD +14.91% ), helped by the Federal Reserve keeping its policy rate unchanged , which broke a streak of 10 straight rate hikes. The SP500 index has now been on a five-week winning streak.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +12% each this week. YTD, 2 out of these 5 stocks are in the green.

Symbotic ( NASDAQ: SYM ) +18.87% . The Wilmington, Mass.-based company took the top spot for the second week in a row after seeing gains of ~30% last week. Shares of the robotics warehouse automation company soared the most on Tuesday ( +15.25% ). YTD, the stock has risen +328.98% , the most among this week's top five gainers.

SYM has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Hold . The stock has a factor grade of B+ for Profitability but D for Growth. The rating is in contrast to the average Wall Street Analysts' Rating of Strong Buy , wherein 10 out of 13 analysts see the stock as Strong Buy.

Eve ( EVEX ) +18.41% . Shares of the electric air taxi developer shot up the most on Tuesday ( +8.78% ). The SA Quant Rating on EVEX is Hold with score of A for Momentum and D for Valuation. The average Wall Street Analysts' Rating differs with a Buy rating, wherein 3 out of 8 analysts tag the stock as Strong Buy. YTD, +36.67% .

The chart below shows YTD price-return performance of the top five gainers and SP500:

Plug Power ( PLUG ) +15.27% . On Monday, the shares soared +13.09% after the company detailed plans for its investor day on Wednesday, which included above-consensus guidance for 2023 sales.

However, YTD, the shares have fallen -14.55% . PLUG has a SA Quant Rating of Sell with factor grade of F for Profitability and D- for Momentum. The average Wall Street Analysts' disagrees with a Buy rating, wherein 14 out of 29 analysts view the stock as Strong Buy.

Bloom Energy ( BE ) +13.34% . Similar to its peer Plug, Bloom's stock also rose the most on Monday (+11.29%). YTD, the shares have declined -10.25% . The SA Quant Rating on BE is Sell , which is in contrast to the average Wall Street Analysts' Rating of Buy .

Kanzhun ( BZ ) +13.34% . The Beijing-based online recruitment company rounded off the top five but its shares have seen some volatility. YTD, the stock has declined -15.41% . The SA Quant Rating on BZ is Hold but the average Wall Street Analysts' Rating is Strong Buy .

This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -5% each. YTD, 2 out of these 5 stocks are in the red.

Mercury Systems ( NASDAQ: MRCY ) -9.74% . The aerospace and defense products maker carries a Sector Perform rating at RBC Capital Markets. YTD, the shares have declined -13.59% , the most among this week's worst five performers.

The SA Quant Rating on MRCY is Sell with a factor grade of D+ for Profitability and D- for Momentum. The rating is in contrast to the average Wall Street Analysts' Rating of Buy , wherein 3 out of 8 analysts tag the stock as Strong Buy.

ABM Industries ( ABM ) -8.69% . The New York-based company's stock fell throughout the week. YTD, the shares have dipped -4.66% . The SA Quant Rating on ABM is Hold with a score of A+ for Growth and C+ for Valuation. The average Wall Street Analysts' Rating differs with a Buy , wherein 4 out of 8 analysts see the stock as Strong Buy.

The chart below shows YTD price-return performance of the worst five decliners and XLI:

TriNet ( TNET ) -8.25% . The Dublin, Calif.-based payroll services provider landed among the losers this week after being among the top five gainers the previous week on a report that it was exploring a potential sale.

The SA Quant Rating on TNET is Hold with factor grade of B+ for Profitability and D for Growth. The rating is in contrast to the average Wall Street Analysts' Rating of Buy , wherein 2 out of 6 analysts tag the stock as Strong Buy. YTD, the shares have gained +44.59% , the most among this week's top five decliners.

Casella Waste Systems ( CWST ) -6.14% . The stock fell -4.96% on Tuesday after the company on Monday post market announced that it will buy the assets of Consolidated Waste Services for $219M, and launched a $400M stock offering according to a separate release. The SA Quant Rating on CWST is Hold , which differs with the average Wall Street Analysts' Rating of Buy . YTD, +9.47% .

Insperity ( NSP ) -5.72% . The staffing solutions provider's stock fell the most on Wednesday ( -7.71% ). However, YTD, the shares have risen +5.43% . The SA Quant Rating and the average Wall Street Analysts' rating, both, on NSP is Buy .

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