Themes / Group
Inactive · established relationshipLatest completed snapshot · Aug 21 · 16:11 ET

MARKET-DISCOVERED GROUP

Auto Parts & Equipment

THE TRADER READRecurring relationship, inactive in the latest snapshot

4 of 8 measured SPY-adjusted paths align to the upside across 4.1 effective names. EPC is also moving with filing-linked members. Capital-flow agreement is 40%, so the basket is not yet clean.

Price breadth6 up · 1 down+0.2% median path versus SPY
Capital-flow alignment40%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 12/100 · lift 0.8×
Evidence depth2 episodesLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

5 timed events · 10:20–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  2. 5-minute inferenceDE registered the first material upside path

    +3.48% session path at the threshold · DE

  3. 5-minute inferenceAZZ registered a material upside path

    +0.72% session path at the threshold · AZZ

  4. 5-minute inferenceTXT registered a material downside path

    -1.09% session path at the threshold · TXT

  5. 5-minute inferenceWAB registered a material upside path

    +0.95% session path at the threshold · WAB

2 earlier filing context receipts

TUE, FEB 10TXT filing documented shared operating contextdemand / volume affecting revenue · date precision only

THU, FEB 12ATMU filing documented shared operating contextdemand / volume affecting revenue · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is balanced across 4.1 effective names. DE represents 43.1% of absolute path energy; 4 of 8 members align with the up relative path.

ConstructionBalanced43.1% from the largest path
Effective names4.1 / 8Movement diversity after concentration
Direction breadth4/8 alignedupside relative path · 4 counter-moving
Largest moverDE 43.1%57.4% from the top two paths
DE43.1%Dominant mover · path +4.28% · basket +0.54pp
AZZ14.3%Aligned contributor · path +1.42% · basket +0.18pp
TXT11.3%Counter-move · path -1.12% · basket -0.14pp
WAB10.6%Aligned contributor · path +1.05% · basket +0.13pp
KMT8.7%Counter-move · path -0.86% · basket -0.11pp
ATMU7.1%Aligned contributor · path +0.70% · basket +0.09pp
GTES2.5%Counter-move · path -0.25% · basket -0.03pp
DCI2.4%Counter-move · path -0.24% · basket -0.03pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. DE moved higher firstFirst member to clear the material path threshold · path +3.48%
  2. AZZ registered a material higher path0m after the first price move · path +0.72%
  3. TXT registered a material lower path0m after the first price move · path -1.09%
  4. WAB registered a material higher path0m after the first price move · path +0.95%
  5. ATMU registered a material higher path0m after the first price move · path +0.69%
  6. GTES registered a material lower path75m after the first price move · path -0.35%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted
Aug 21 · 10:20 ETMove visible 14:20 ETAug 21 · 15:55 ET
Group median +0.23%Strongest relative path DEWeakest relative path TXT

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY THIS GROUP EXISTS

Shared filing context

8/8 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AZZ, DCI, DE.

demand / volume affecting revenue

“Textron Aviation % Change (Dollars in millions) 2025 2024 2023 2025 2024 Revenues: Aircraft $ 3,922 $ 3,374 $ 3,577 16% (6)% Aftermarket parts and services 2,033 1,910 1,796 6% 6% Total revenues 5,955 5,284 5,373 13% (2)% Cost of sales 4,637 4,102 4,116 13% —% Research and development costs 214 208 199 3% 5% Selling and administrative expense 410 408 409 —% —% Segment profit $ 694 $ 566 $ 649 23% (13)% Profit margin 11.7% 10.7% 12.1% Backlog $ 7,724 $ 7,845 $ 7,169 (2)% 9% Textron Aviation’s revenues increased $671 million, 13%, in 2025, compared with 2024, reflecting higher aircraft revenues of $548 million and higher aftermarket parts and services revenues of $123 million.”

TXT 10-K · 2026-02-11
credit / rates affecting interest expense

“In 2025, interest expense, net increased $29 million, 30%, compared with 2024, primarily due to higher average debt outstanding and lower interest income.”

TXT 10-K · 2026-02-11
restructuring

“23 Table of Contents Industrial's segment profit increased $10 million, 33%, in the first quarter of 2026, compared with the first quarter of 2025, primarily due to manufacturing efficiencies, which included the benefit of cost reductions resulting from prior year restructuring activities.”

TXT 10-Q · 2026-04-30
CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

EPCMoving with group

ATMU · text peer

IEXNot confirming

DCI · text peer

AGCONot confirming

DE · text peer

CNHNot confirming

DE · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
TXTWABDEAZZDCIATMUKMTGTES

5/8 active6 rising · 1 falling · 1 flat

MemberUnusual activityToday's moveRead now
TXTTextron Inc.
Most unusual · 100/100
-1.7%
Counter-move / dispersionActive in 26.7% of observed group sessions
WABWestinghouse Air Brake Technolo
Elevated · 83/100
+1.8%
Aligned path contributorActive in 0% of observed group sessions
DEDeere & Company
Elevated · 70/100
+4.3%
Dominant path moverActive in 13.3% of observed group sessions
AZZAZZ Inc.
Elevated · 45/100
+0.7%
Aligned path contributorActive in 20% of observed group sessions
DCIDonaldson Company, Inc.
Elevated · 42/100
+0.8%
Counter-move / dispersionActive in 33.3% of observed group sessions
ATMUAtmus Filtration Technologies Inc.
Quiet · 36/100
+0.9%
Watch / laggardActive in 13.3% of observed group sessions
KMTKennametal Inc.
Quiet · 29/100
+0.6%
Watch / laggardActive in 6.7% of observed group sessions
GTESGates Industrial Corporation Ltd.
Quiet · 20/100
+0.0%
Watch / laggardActive in 33.3% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
TXTTextron Inc.Most unusual-1.7%26.7% of 15 sessionsMost unusual activity in this snapshot; performance direction may differ.
WABWestinghouse Air Brake TechnoloParticipating+1.8%0% of 15 sessionsPrice participation is not yet confirmed by per-name flow.
DEDeere & CompanyParticipating+4.3%13.3% of 15 sessionsPrice participation with distributing signed flow.
AZZAZZ Inc.Participating+0.7%20% of 15 sessionsPrice participation is not yet confirmed by per-name flow.
DCIDonaldson Company, Inc.Participating+0.8%33.3% of 15 sessionsPrice participation is not yet confirmed by per-name flow.
ATMUAtmus Filtration Technologies Inc.Quiet / lagging+0.9%13.3% of 15 sessionsNot participating yet; a breadth test or a genuine divergence.
KMTKennametal Inc.Quiet / lagging+0.6%6.7% of 15 sessionsNot participating yet; a breadth test or a genuine divergence.
GTESGates Industrial Corporation Ltd.Quiet / lagging+0.0%33.3% of 15 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Early observed follow-through

2/2 events completed
30 minutes+0.06%100% continuation · n=1Median MFE +1.80% · MAE -0.02%
60 minutes+0.29%100% continuation · n=1Median MFE +1.80% · MAE -0.02%
Session close+0.53%100% continuation · n=1Median MFE +1.80% · MAE -0.02%
Next-session close+1.80%100% continuation · n=1Median MFE +1.80% · MAE -0.02%
Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 2 completed episodes across 15 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support24 daysHow often the cohort identity was observed
Completed episodes2Separate periods of broad group activity
Active sessions15Completed session observations, not trades
2026-08-18 → 2026-08-192 active sessions25% composition consistency through the episode
2026-07-17 → 2026-08-1213 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
DCI33.3% · 2 episodes
GTES33.3% · 1 episode
TXT26.7% · 2 episodes
AZZ20% · 2 episodes
ATMU13.3% · 2 episodes
DE13.3% · 2 episodes
KMT6.7% · 1 episode
WAB0% · 0 episodes