Industrial Revolution - Winners and Losers
As Matt Nesto reported, there is a new Industrial Revolution underway, particularly in areas affected by global demand. When compared to its peers, the overall S&P 500 Industrials Sector, down about 6% year-to-date, is right in the middle of the pack with about half the other sectors outperforming Industrials and half underperforming.
However, looking at the industries within the Sector, you begin to see some strong performers. Today, Matt reported on some of the metal and mining stocks. Other winners are railroads, truckers and aviation companies. Ryder leads the pack, up 27% YTD. It also has the third best performance YTD of the entire S&P 500.
Here are the top 10 performers within the S&P 500 Industrials Index:
Among the laggards are Industrial Conglomerate, Textron down 20% YTD and Truck Manufacturer PACCAR Inc. , down 19% YTD.