As the earnings season sets off, the industrial sector’s performance was dominated by the companies’ quarterly results.
Overall, the industry, depicted by the Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI) fell 1.86% in the past week, compared to a 2.41% fall in the broader S&P500 index.
Weekly top 5 gainers
- Huntington Ingalls Industries (NYSE:HII) continued to top the list of gainers this week, with shares +9.25%. Analysts are bullish on the stock’s long-term performance on the back of favorable policies and improving margins.
- Previously: Earnings Snapshot: Netflix tops Q1 estimates on higher subscription and ad revenue (April 17)
- Fastenal Company (NASDAQ:FAST) ended +7.65% this week.
- United Airlines (NASDAQ:UAL) extended its gains this week to close at +5.66% after posting better-than-expected Q1 results. The carrier posted a $0.91 profit per share, swinging from a $0.15 loss last year and beating estimates by 17 cents.
- Northrop Grumman (NYSE:NOC) saw its shares close +4.71% in the week ended April 18.
- Otis Worldwide (NYSE:OTIS) joined the list of top gainers this week, with its shares +4.45%.
Weekly top 5 losers
- Snap-on (NYSE:SNA) shares drowned this week, closing at -5.25% after it missed both top line and bottom line estimates.
- Southwest Airlines (NYSE:LUV) ended in the red this week, with its shares -4.07%.
- J.B. Hunt Transport Services (NASDAQ:JBHT) was among the biggest losers this week, with its shares -3.80% after the company’s Q1 operating revenue dipped nearly 1%. Operating income also fell 8% YoY.
- Stanley Black & Decker (NYSE:SWK) ended the week -2.51%.
- Builders FirstSource (NYSE:BLDR) continued to bleed this week, with shares -2.50%.
ETFs to tab the industrial sector include: (
NYSEARCA:XLI), (
NYSEARCA:VIS), (
NYSEARCA:XAR), (
NYSEARCA:EXI), (
NASDAQ:PSCI), (
NASDAQ:PRN), (
NYSEARCA:FIDU).