Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week's standout is Industrials. Despite sliding 1 spot, the sector remains in the top 5 with a growing number of industrial subgroups rising in the ranks.
Industrials have been one of the most consistent areas of leadership this year, and the index reflects it, with XLI sitting just shy of new highs.
Meanwhile, evidence suggests the sector trend has legs as internals for the group continue to improve. Transports, electrical equipment, and machinery names are all pulling their weight and breaking out together.
That slow, orderly grind is what real leadership looks like, and it's usually the tell that a group has staying power. It's also why some of the best setups keep showing up inside industrials right now.
This is our overall industry rankings, showing Ground Transportation stocks rising 18 spots to take 15th place.
Here are the top-performing names in the Ground Transportation industry, ranked by relative strength.
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