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Cycle Short '24: Machinery & Engines
7 tickers · $408.31B total market cap
Group: Cycle Short
The investment thesis for Cycle '24 Shorts: Machinery & Engines is predominantly bearish. The sector is expected to face headwinds due to a broad economic slowdown and reduced capital spending in the industrial sector. High interest rates and tightening credit conditions are likely to dampen demand for heavy machinery and engines. Additionally, supply chain constraints and increased input costs are anticipated to pressure margins further.
Cycle Short '24: Machinery & Engines tracks 7 publicly listed stocks in this theme: AGCO, CMI, DE, DTG.XETRA, FTAI, PCAR, WAB. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Deere & CompanyDE | 02/19/2026 (BMO) | 05/21/2026 (BMO) | 11.67% | — | -15.76% | — | $150.74B | 14.2857 |
Cummins Inc.CMI | 05/05/2026 (BMO) | 05/05/2026 (BMO) | -4.61% | 8.99% | 13.67% | -7.87% | $91.00B | 14.2857 |
PACCAR IncPCAR | 04/28/2026 (BMO) | 04/28/2026 (BMO) | 0.78% | -7.12% | 3.36% | -7.41% | $57.57B | 14.2857 |
Westinghouse Air Brake Technologies CorporationWAB | 04/22/2026 (BMO) | 04/22/2026 (BMO) | 2.98% | 4.59% | 1.64% | -5.26% | $43.32B | 14.2857 |
Daimler Truck Holding AGDTG.XETRA | 05/06/2026 (BMO) | 05/06/2026 (BMO) | 0.94% | -0.14% | -0.80% | -5.97% | $34.69B | 14.2857 |
FTAI Aviation Ltd.FTAI | 04/29/2026 (AMC) | 04/29/2026 (AMC) | 1.25% | 15.59% | -30.31% | -10.49% | $22.93B | 14.2857 |
AGCO CorporationAGCO | 05/05/2026 (BMO) | 05/05/2026 (BMO) | 8.95% | -0.87% | -8.52% | -7.24% | $8.07B | 14.2857 |
| Average | 3.14% | 3.51% | -5.24% | -7.37% | $58.33B | 14.2857 | ||
| Median | 1.25% | 2.23% | -0.80% | -7.33% | $43.32B | 14.2857 | ||
| Std Dev | 5.08% | 7.33% | 13.36% | 1.65% | $44.99B | 0.0% | ||
| Min | -4.61% | -7.12% | -30.31% | -10.49% | $8.07B | 14.2857 | ||
| Max | 11.67% | 15.59% | 13.67% | -5.26% | $150.74B | 14.2857 | ||
| % Positive Tickers | 85.71% | 50.00% | 42.86% | 0.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.