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Enovix surges to top industrial gainer of week, freight/logistics providers see decline

da-kuk The Industrial Select Sector SPDR Fund ETF (XLI) rose +0.50% for the week ended Oct. 4, while the SPDR S&P 500 Trust ETF (SPY) inched +0.26% higher. Enovix was the top industrial gainer (in the segment), while freight and logistics services providers formed the bulk of decliners in the week. Industrials was among the 6 of the 11 S&P 500 sectors which ended the week in the green. Year-to-date, or YTD, XLI has jumped +18.88%, while SPY has surged +20.55%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +13% each this week. YTD, 3 out of these 5 stocks are in the green. Enovix (NASDAQ:ENVX) +24.46%. Shares of the lithium-ion battery maker surged +20.05% on Wednesday after it said that it began shipping EX-1M battery cell samples from its new Agility Line in Malaysia last week. YTD, -5.11%. ENVX has a SA Quant Rating — which takes into account factors such as Momentum, Profitability, and Valuation among others — of Sell. The stock has a factor grade of D- for Profitability and B- for Growth. The average Wall Street Analysts' rating differs and has a Strong Buy rating, wherein 10 out of 13 analysts tag the stock as such. Joby Aviation (JOBY) +13.98%. The stock soared +27.92% on Wednesday after the electric air taxi maker said it will get $500M investment by Japanese carmaker Toyota Motor. YTD, -10.53%. The SA Quant Rating on JOBY is Buy, with a score of B- for Valuation and C+ for Momentum. The average Wall Street Analysts' Rating concurs and has a Buy rating as well, wherein 2 out of 8 analysts see the stock as such. The chart below shows YTD price-return performance of the top five gainers and SPY: JetBlue Airways (JBLU) +13.71%. The airline's stock soared +14.24% on Friday following a report that Spirit Airlines (SAVE) reportedly, has begun discussions on a potential bankruptcy. Spirit has struggled since March when JetBlue Airways (JBLU) abandoned a merger agreement with the company. YTD, JetBlue has risen +31.53%. The SA Quant Rating on JBLU is Hold, and so is the average Wall Street Analysts' Rating, Hold. Acuity Brands (AYI) +13.64%. The stock jumped +8.70% on Tuesday following the lighting solutions' provider's fourth quarter results. YTD, +49.80%. The SA Quant Rating on AYI is Hold, and so is the average Wall Street Analysts' Rating, Hold. Barnes (B) +13.60%. The stock rose +12.98% on Friday after a report (post market Thursday) that private equity firm Apollo Global is in talks to acquire the aerospace components maker for about $2B. YTD, +38.71%. The SA Quant Rating on Barnes is Hold, which is in contrast to the average Wall Street Analysts' Rating of Buy. This week's top five decliners among industrial stocks (market cap of over $2B) all lost more than -6% each. YTD, 3 out of these 5 stocks are in the red. Zim Integrated Shipping Services (NYSE:ZIM) -21.82%. The Israeli shipping company's stock dipped the most on Friday (-12.55%). The week saw dockworkers at ports in the East and Gulf coasts end their three-day strike, Crude oil futures extending gains on Friday amid rising Middle East tensions, and Jefferies downgrading Zim to Hold from Buy. YTD, +92%. The SA Quant Rating on ZIM is Strong Buy, with a factor grade of C+ for Growth and B- for Profitability. The average Wall Street Analysts' Rating differs and has a Hold rating, wherein 2 out of 7 analysts view the stock as such. Knight-Swift Transportation (KNX) -7.77%. The trucking company's stock fell throughout the week, with the most on Friday (-3.11%). YTD, -13.53%. The SA Quant Rating on KNX is Hold, with a score of C- for Momentum and D for Valuation. The rating is in contrast to the average Wall Street Analysts' rating of Buy, wherein 9 out of 20 analysts tag the stock as Strong Buy. The chart below shows YTD price-return performance of the worst five decliners of the week and XLI: ArcBest (ARCB) -7.75%. Shares of the Fort Smith, Ark.-based logistics company also tumbled throughout the week. YTD, -16.12%. The SA Quant Rating on ARCB is Sell, which is in contrast to the average Wall Street Analysts' Rating of Buy. Aspen Aerogels (ASPN) -7.22%. The aerogel insulation product maker's stock declined the most on Tuesday (-5.89%) but did manage to salvage some gains on Friday (+9.60%). YTD, +67.81%. Expeditors International of Washington (EXPD) -6.58%. The Seattle-based logistics services provider's stock has dipped -5.31%, YTD. The SA Quant Rating, and the average Wall Street Analysts' Rating concur on EXPD, with a Hold tag.

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