Wheels Up soars to top industrial gainer of week, earnings drag down FedEx

The Industrial Select Sector (XLI) and the SPDR S&P 500 Trust ETF (SPY) continued their winning runs seen in the past few weeks and closed the week ending Dec. 22 rising +0.10% and +0.92%, respectively.

Year-to-date, XLI has gained +15.19%, while SPY has soared +23.85%.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +11% each this week. YTD, 3 out of these 5 stocks are in the green.

Wheels Up Experience (NYSE:UP) +80.11%. The New York-based private aviation services provider saw its stock soar throughout the week, with the most on Thursday +22.77%. However, YTD the stock has slumped -69.22%, the most among this week’s top five gainers for this period. Read – Warning: UP is at high risk of performing badly.

Wheels Up has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Strong Sell. The stock has a factor grade of F for Profitability and D+ Growth. The average Wall Street Analysts’ (1 analyst rating in this case) Rating disagrees and has a Strong Buy rating.

Rocket Lab USA (RKLB) +18%. The shares rose +22.80% on Friday after the space company announced that it secured a $515M contract with a U.S. government customer to make and operate 18 space vehicles.

The SA Quant Rating on RKLB is Hold with score of C for Momentum and C- for Valuation. The average Wall Street Analysts’ Rating has a more positive view with a Buy rating, wherein 5 out of 9 analysts see the stock as Strong Buy. YTD, +44.30%.

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

PGT Innovations (PGTI) +13.60%. Shares of the doors and windows maker climbed +9.39% on Monday after Masonite (DOOR) said it will acquire PGT in a $3B cash and stock deal. YTD, PGT’s stock has surged +128.29%, the most among this week’s top five gainers for this period.

The SA Quant Rating on PGTI is Strong Buy with score of B+ for Growth and A+ for Momentum. The average Wall Street Analysts’ Rating is also positive and has a Buy rating, wherein 2 out of 3 analysts view the stock Strong Buy.

The Toro Company (TTC) +13.02%. The turf and landscape equipment manufacturer’s stock rose +8.94% on Wednesday after fourth-quarter results beat estimates. However, YTD, the stock is in the red, -12.74%. The SA Quant Rating on TTC is Hold, and so is the average Wall Street Analysts’ Rating, Hold.

TFI International (TFII) +11.43%. The Canadian trucking company’s stock gained +8.08% on Friday after it announced it was acquiring peer transportation and logistics services’ provider Daseke (DSKE) in a deal which has an enterprise value of about $1.1B. The SA Quant Rating on TFII is Hold, which is in contrast to the average Wall Street Analysts’ Rating of Buy. YTD, +32%.

This week’s top five decliners among industrial stocks (market cap of over $2B) all lost more than -6% each. YTD, only 1 out of these 5 stocks is in the red.

FedEx (NYSE:FDX) -11.82%. The stock fell -12.05% on Wednesday after second quarter results (post market on Tuesday) missed estimates and the company warned that revenue will continue to be pressured by volatile macroeconomic conditions. However, YTD, the stock has soared +43.20%, the most among this week’s top five decliners for this period.

The SA Quant Rating on FDX is Hold with a factor grade of A+ for Profitability and B for Valuation. The rating differs with average Wall Street Analysts’ Rating of Buy, wherein 17 out of 32 analysts view the stock as Strong Buy.

AAR Corp. (AIR) -10.41%. The shares tumbled -10.20% on Friday after the Wood Dale, Ill.-based company’s second quarter revenue came below estimates and the aircraft parts maker and service provider’s said it was acquiring Triumph Group’s Product Support business for $725M. YTD, +41.58%.

The SA Quant Rating on AIR is Buy with score of B+ for Growth and A- for Momentum. The average Wall Street Analysts’ Rating concurs and has a Strong Buy rating, wherein 4 out of 5 analysts tag the stock as such.

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

Enovix (ENVX) -7.76%. The lithium-ion battery maker’s stock swapped places from the gainers’ list it found itself in last week to land among the losers this week, with the shares dipping the most on Wednesday -5.73%.

The SA Quant Rating on ENVX is Hold with factor grade of D for Profitability and C for Growth. The rating is in stark contrast to the average Wall Street Analysts’ Rating of Strong Buy rating, wherein 10 out of 13 analysts see the stock as such. YTD, +7.96%.

Trinity Industries (TRN) -6.99%. The rail transportation products and services’ provider’s stock also declined the most on Wednesday -5.52%, as did the broader market. YTD, the shares have fallen -10.89%, the only one among this week’s top five decliners to be in the red for this period. The SA Quant Rating on TRN is Hold, while the average Wall Street Analysts’ Rating is Buy.

Avis Budget (CAR) -6.26%. The car rental company’s shares slumped on Wednesday (-5.42%). The company noted in a regulatory filing that President and CEO Joseph Ferraro sold 18,460 shares on Dec. 15, in a price ranging between $193.73 and $196.57, worth $3.6M. YTD, the stock has gained +17.03%. The SA Quant Rating and the average Wall Street Analysts’ Rating, both, are Hold for CAR.