The Industrial Select Sector SPDR Fund ETF (XLI) was flat this week, at +0.18%. On a year-to-date basis, XLI has been slightly ahead of the broader markets, gaining 15.16% compared to the S&P500’s 13.30% return.
Weekly top 5 gainers
- J.B. Hunt Transport Services (NASDAQ:JBHT) soared 20.25% this week, gaining the most among industrial stocks after topping Q3 estimates. The company reported an EPS of $1.76 and a revenue of $3.05B.
- Generac (NYSE:GNRC) widened its gains in the week, ending +12%.
- Caterpillar (NYSE:CAT) added 7.28% after Oppenheimer named it its top sector pick, rating it Outperform. Caterpillar also announced it plans to acquire RPMGlobal Holdings.
- Southwest Airlines (NYSE:LUV) was +7.13% in the week. The company said that it has partnered with Volantio, a post-booking revenue management firm, to improve efficiency, optimize demand, and provide passengers with more travel options.
- Expeditors International of Washington (NYSE:EXPD) was +6%.
Weekly top 5 losers
- Fastenal (NASDAQ:FAST) fell the most this week among industrial stocks, -7.25%, after missing Q3 profit estimates.
- Northrop Grumman (NYSE:NOC) lost 4.65% among other defense stocks after the U.S. Treasury Department said that the government may ask defense companies to scale back share repurchases amid rising federal spending on national security.
- Axon Enterprise (NASDAQ:AXON) was down 4.60%.
- Verisk Analytics (NASDAQ:VRSK) continued to lose this week, ending -4.41%.
- L3Harris Technologies (NYSE:LHX) -2.90%.
ETFs to tab the industrial sector include: (XLI), (VIS), (XAR), (EXI), (PSCI), (PRN), (FIDU).