Weekly top industrial gainers and losers: RTX climbs to top spot, IDEX loses most

Wall Street ended lower last week amid fears over tensions in the Middle East. Now, following America’s attack on Iran’s nuclear facilities on Sunday, investors are bracing for a spike in oil prices.

The industrial sector is also likely to bear the brunt of the heightened crisis. The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI [https://seekingalpha.com/symbol/XLI]) declined 0.88% compared to a 1.08% fall in the S&P500 index.

Weekly top 5 gainers

RTX (NYSE:RTX [https://seekingalpha.com/symbol/RTX]) widened its gains this week to become the top gainer with its shares +4.01% after airlines including Frontier Airlines [https://seekingalpha.com/news/4458296-frontier-airlines-selects-rtxs-pratt-whitney-gtf-engines-to-power-91-airbus-a321neo-aircraft] and Wizz Air [https://seekingalpha.com/news/4458900-wizz-air-doubles-down-on-pratt-and-whitney-for-jet-engine-supply] partnered with its subsidiary Pratt & Whitney. Cebu Pacific [https://seekingalpha.com/news/4458393-cebu-pacific-signs-12-yr-maintenance-deal-with-rtxs-pratt-and-whitney] also entered into a 12-year jet-engine maintenance agreement with the manufacturer.

Huntington Ingalls (NYSE:HII [https://seekingalpha.com/symbol/HII]) rose 2.37% this week after its Mission Technologies unit won a spot on a U.S. Army training contract [https://seekingalpha.com/news/4458362-hii-selected-for-the-us-armys-live-training-contract]. However, Seeking Alpha analyst Harold Goldmeier [https://seekingalpha.com/article/4795948-mixed-feelings-for-huntington-ingalls-industries] issued a Hold call on the stock over its valuation and volatility.

Emerson Electric (NYSE:EMR [https://seekingalpha.com/symbol/EMR]) ended the week +1.27%.

Hubbell (NYSE:HUBB [https://seekingalpha.com/symbol/HUBB]) was +1.21%.

Howmet Aerospace (NYSE:HWM [https://seekingalpha.com/symbol/HWM]) was +1.06%.

Weekly top 5 losers

IDEX Corporation (NYSE:IEX [https://seekingalpha.com/symbol/IEX]) ended the week -5.13%, the top loser, after declaring [https://seekingalpha.com/news/4459742-idex-declares-071-dividend]a dividend of $0.71 for the second consecutive quarter.

Equifax (NYSE:EFX [https://seekingalpha.com/symbol/EFX]) was -4.93% after Seking Alpha analyst Redfox Capital Ideas [https://seekingalpha.com/article/4796197-equifax-still-not-positive-about-the-outlook] reiterated their hold rating on the stock arguing that its long-term cloud and EWS opportunities are offset by near-term macro and margin headwinds.

Fastenal Company (NASDAQ:FAST [https://seekingalpha.com/symbol/FAST]) was -4.48% in the week ended June 22.

Stanley Black & Decker (NYSE:SWK [https://seekingalpha.com/symbol/SWK]) -4.26%.

Snap-on (NYSE:SNA [https://seekingalpha.com/symbol/SNA]) was -4.20%.

ETFs to tab the industrial sector include: (NYSEARCA:XLI [https://seekingalpha.com/symbol/XLI]), (VIS [https://seekingalpha.com/symbol/VIS]), (XAR [https://seekingalpha.com/symbol/XAR]), (EXI [https://seekingalpha.com/symbol/EXI]), (PSCI [https://seekingalpha.com/symbol/PSCI]), (PRN [https://seekingalpha.com/symbol/PRN]), (FIDU [https://seekingalpha.com/symbol/FIDU]).

MORE ON INDUSTRIALS

* Equifax: Still Not Positive About The Outlook [https://seekingalpha.com/article/4796197-equifax-still-not-positive-about-the-outlook]
* Mixed Feelings For Huntington Ingalls Industries [https://seekingalpha.com/article/4795948-mixed-feelings-for-huntington-ingalls-industries]
* Emerson Electric Co. (EMR) Presents at Wells Fargo Industrials & Materials Conference Transcript [https://seekingalpha.com/article/4793884-emerson-electric-co-emr-presents-at-wells-fargo-industrials-and-materials-conference]
* Safran must sell assets to secure $1.8B deal for RTX unit, DoJ says [https://seekingalpha.com/news/4459200-safran-must-sell-assets-to-secure-18b-deal-for-rtx-assets-doj-says]
* RTX's Raytheon awarded $299.7M U.S. Navy contract modification [https://seekingalpha.com/news/4459191-rtxs-raytheon-awarded-2997m-us-navy-contract-modification]