Nielsen was the top gainer on the back of its acquisition news while trucking companies made the decliners’ list for the week ending April 1.
The SPDR S&P 500 Trust ETF (SPY) +0.05% barely managed to be in the green for the third week in a row. YTD the ETF is -4.64%. Just over half of the 11 sectors of the S&P 500 saw gains for the week. But the Industrial Select Sector SPDR (XLI) -1.48% ended the week in the red after gaining for two weeks straight. YTD, XLI is -3.43%.
The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +10% each.
Nielsen (NYSE:NLSN) +22.67%. The TV/Internet ratings company gained after it announced that it was being acquired by Elliott Management and Brookfield Asset Management for $16B including debt. Nielsen’s stock maintained gains later in the week after it was reported that holder WindAcre appeared to have exited its swap position in the company.
Volaris (VLRS) +19.02%. The Mexico-based airlines was back in the top five gainers after over a month. The stock gained consistently throughout the week. The Wall Street Analysts’ Rating is Buy with an Average Price Target of $26.83.
The chart below shows 6-month total return performance of the top five gainers and SP500TR:
Vertiv (VRT) +13.46%. The Ohio-based company, which provides equipment and services to data centers, leap frogged from the losers’ list it found itself in about a month ago. However, YTD the stock is down -41.61%.
51job (JOBS) +11.51%. The Chinese staffing company reported its Q4 results, where revenues increased +15.7% Y/Y. The stock was #1 gainer over two months in January, a month which saw gains for the stock in other weeks as well. YTD, the stock is up +23.18%.
Kornit Digital (KRNT) +10.41%. The Israeli digital printing solutions provider rounded up the top five. However, YTD, the stock is down -43.16%. But the Wall Street Analysts’ Rating is Strong Buy with an Average Price Target of $158.63.
This week’s top five decliners among industrial stocks (market cap of over $2B) all belonged to the trucking/logistics sector, and lost more than -10% each. YTD all the five stocks are in the red.
J.B. Hunt Transport Services (NASDAQ:JBHT) -13.23%. The Arkansas-based trucking lost the most on April 1 (-9.60%). However, the Wall Street Analysts’ Rating is buy with an Average Price Target of $213.45.
Hub Group (HUBG) -12.73%. The transportation and logistics solutions provider was downgraded by Stephens’ analyst Justin Long to equal-weight from overweight with a price target of $93 down from $97. The company too saw a sharp fall in stock price on April 1 (-9.16%).
The chart below shows 6-month total return performance of the top five decliners and XLI:
Saia (SAIA) -11.44% and Old Dominion Freight Line (ODFL) -11.24% came in close third and fourth, respectively. YTD, the Johns Creek, Ga.-based company Saia is down -30.65%, while Old Dominion has lost -22.29%.
Schneider National (SNDR) -10.73% wrapped up the list of the top five decliners. The stock too was down the most on April 1 (-8.63%). However, the Wall Street Analysts’ Rating is Buy for SNDR with an Average Price Target of $30.71.