Strong Weekly Performance for Diesel Companies
The Diesel Companies segment has displayed a notable increase of +9.44% in performance over the past week. This uptick highlights a positive trend in the sector, encompassing companies involved in the manufacturing of diesel vehicles and the distribution of transportation fuels.
Overview of Diesel Companies
This sector includes a range of businesses that produce and distribute motor fuels, diesel trucks, and engines. Companies like CrossAmerica Partners LP (CAPL) engage in wholesale fuel distribution, Paccar (PCAR) manufactures heavy-duty diesel trucks, and Cummins Inc. (CMI) is a global leader in producing diesel and natural gas engines. Many companies within this theme also engage in ancillary services such as engine maintenance, fuel system servicing, and emission control technologies. The focus on diesel vehicles and their associated fuel systems continues to drive momentum in the market as industries such as logistics, construction, and freight rely heavily on diesel-powered machinery.
Market Capitalization Across the Diesel Theme
The average market capitalization of companies within the diesel theme is $36.8 billion, ranging from as small as $1.2 million to as large as $181.6 billion. Notably, Caterpillar (CAT) holds the highest valuation in this group, standing at a staggering $181.6 billion, making it a prominent player in the diesel and heavy machinery segment. On the opposite side of the spectrum, CDTI (Clean Diesel Technologies Inc.) is valued at just $1.2 million, representing the lower end of the diesel market.
Price Performance
The diesel theme has seen moderate growth in its stock prices. The average weekly price increase across all stocks in the diesel theme stood at 2.61%. On a broader scale, the theme experienced an average monthly price growth of 6.57% and a quarterly increase of 5.98%. Among the top performers, CrossAmerica Partners LP (CAPL) saw a notable +3.26% price growth this past week. Conversely, Clean Diesel Technologies (CDTI) experienced a significant drop of -13.64%, making it the biggest laggard in the sector.
Notable Movements in Diesel Stocks
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Caterpillar (CAT): On September 18, 2024, CAT's stock price reached $353.69, gaining +5.84% and emerging as a top weekly gainer. However, just a few weeks prior, on September 6, 2024, the stock had dipped by -5.14%, highlighting its volatility over short timeframes.
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Paccar (PCAR): PCAR, another significant player, experienced a sharp decline on July 24, 2024, when its stock price fell -10.83% to $97.1, marking it as a top loser during that period.
Volume Trends
The diesel theme also showed fluctuating trading volumes. Weekly volume growth saw a sharp decline of -34.46%, while the monthly volume shrank by -6.22%. Over the quarter, the overall volume decreased by -4.98%. However, there were instances where individual stocks bucked this trend:
- Paccar (PCAR) had a 226% surge in volume growth for one day on March 16, 2024, breaking a record relative to its 65-day moving average.
- Kirby (KEX), another important stock within the theme, also posted impressive results on September 20, 2023, with a 112% volume increase over four consecutive days.
Positive Technical Indicators for Key Diesel Stocks
Several stocks in the diesel sector are signaling potential upward trends based on technical indicators.
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Paccar (PCAR): As of September 19, 2024, PCAR's price moved above its 50-day moving average, indicating a possible trend reversal to the upside. Historically, in 38 out of 50 past instances, the stock has continued to rise after crossing this threshold, with 76% odds of further gains in the next month.
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Caterpillar (CAT): On September 17, 2024, CAT’s momentum indicator turned positive, suggesting a potential for continued upward movement. This technical change presents a bullish signal for investors, with a 70% probability of further price appreciation.
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Kirby (KEX): KEX also showed a positive technical trend when its 10-day moving average crossed above its 50-day moving average on September 19, 2024. Historically, KEX has a 90% chance of continued gains in the following month when this pattern occurs.
Summary: A Resilient Diesel Sector
The diesel theme continues to demonstrate strength, bolstered by key players such as Caterpillar, Paccar, and Cummins, which are essential to industries reliant on heavy machinery and transportation. Despite some volatility in individual stock performances, the overall sector outlook remains positive, driven by strong technical indicators and steady market capitalization growth. Investors interested in the diesel segment might find this a compelling time to explore opportunities in companies with proven track records and positive technical signals.
Momentum Indicator for CAPL turns positive, indicating new upward trend
CAPL saw its Momentum Indicator move above the 0 level on December 31, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAPL advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 253 cases where CAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CAPL moved out of overbought territory on December 16, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where CAPL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CAPL turned negative on January 06, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CAPL broke above its upper Bollinger Band on January 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CAPL's P/B Ratio (294.118) is very high in comparison to the industry average of (9.385). P/E Ratio (21.886) is within average values for comparable stocks, (25.032). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.907). Dividend Yield (0.091) settles around the average of (0.061) among similar stocks. P/S Ratio (0.200) is also within normal values, averaging (0.487).
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a maker of diesel and natural gas engines
Industry IndustrialMachinery