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Earnings drive Toro to top industrial gainer of week, while dragging down Core & Main

seekingalpha.com 2024/10/6
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The Industrial Select Sector (XLI) dipped -0.96% for the week ended June 7, while, the SPDR S&P 500 Trust ETF (SPY) rose +1.26%.

XLI was among the 6 of the 11 S&P 500 sectors which ended the week in the red. Year-to-date, or YTD, XLI has gained +7.32%, while SPY has climbed +12.35%.

The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +7% each this week. YTD, 4 out of these 5 stocks are in the green.

The Toro Company (NYSE:TTC) +19.69%. Shares of the turf equipment maker surged +14.40% on Thursday after second quarter results beat estimates. YTD, -0.01%.

TTC 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 C+ for Profitability and D for Growth. The average Wall Street Analysts' Rating agrees and has a Hold rating too, wherein 5 out of 8 analysts tag the stock as such.

GFL Environmental (GFL) +15.73%. The stock jumped +10.36% on Monday following a report that a consortium of private equity firms may be interested in acquiring all or parts of the waste management company. YTD, +5.53%.

The SA Quant Rating on GFL is Hold with a score of B for Momentum and F for Valuation. The average Wall Street Analysts' Rating is more positive with a Buy rating, wherein 8 out of 16 analysts see the stock as Strong Buy.

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

Stericycle (SRCL) +14.42%. Stericycle's shares soared +14.57% on Monday after Waste Management (WM) said it will acquire the provider of regulated medical waste and compliance services for in a deal worth an enterprise value of about $7.2B. YTD, +18.99%.

The SA Quant Rating on SRCL is Hold with a score of D+ for Growth and B+ for Momentum. The average Wall Street Analysts' Rating concurs and has a Hold rating as well, wherein 7 out of 9 analysts view the stock as such.

Saia (SAIA) +8.85%. The trucking company's stock climbed +6.67% on Tuesday after it said April LTL shipments per workday increased 18%. The SA Quant Rating on SAIA is Hold, which differs from the average Wall Street Analysts' Rating of Buy. YTD, +1.71%.

ABM Industries (ABM) +7.76%. The New York-based company's stock rose throughout the week, with the most on Friday +5.25%. On Thursday, the company reported second quarter results, wherein adjusted EPS of $0.87 beat analysts estimates. The SA Quant Rating on ABM is Strong Buy, while the average Wall Street Analysts' Rating is Hold. YTD, +13.63%.

This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -13% each. YTD, 2 out of these 5 stocks are in the red.

Core & Main (NYSE:CNM) -17.46%. Shares of the company, which distributes pipes, hydrants and other water and fire protection products, saw its stock tumble -14.46% on Tuesday after mixed first quarter results. YTD, +17.57%.

The SA Quant Rating on CNM is Buy, with a factor grade of A- for both Profitability and Momentum. The average Wall Street Analysts' Rating is also Buy, wherein 4 out of 11 analysts view the stock as Strong Buy.

SiteOne Landscape Supply (SITE) -17.23%. The Roswell, Ga.-based company's stock fell throughout the week, with the most on Tuesday -10.26%. YTD, -21.14%. The SA Quant Rating on SITE is Hold, with a score of D+ for both Growth and Valuation. The average Wall Street Analysts' Rating is more positive and has a Buy rating, wherein 5 out of 9 analysts tag the stock as Strong Buy.

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

IES Holdings (IESC) -15.94%. Shares of IES, which provides network infrastructure installation services, declined the most on Tuesday -8.11%. The stock was among the top five gainers two weeks in a row in May, before breaking that streak and landing as the top decliner the following week. YTD, +61.76%.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) -14.34%. The Mexican airport operator's stock slumped -13.16% on Monday. On Tuesday, the company reported that passenger traffic for May fell 2.3% year-over-year. YTD, -7.77%.

The SA Quant Rating on PAC is Hold, with a factor grade of B for Profitability and F for Growth. The average Wall Street Analysts' Rating concurs and has a Hold rating too, wherein 3 out of 9 analysts see the stock as such.

ZIM Integrated Shipping Services (ZIM) -13.31%. The shipping company's stock declined -18.74% on Thursday after Citi downgraded the shares to Sell from Neutral. YTD, +97.97%. The SA Quant Rating on ZIM is Hold, while the average Wall Street Analysts' Rating is Sell.

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