Watsco · Industrials
WSO
$371.91
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States.Watsco,Inc.是美国一家空调、供暖和制冷设备及相关零件和耗材（HVAC/R）的分销商。
Cyclical周期股
Engine stance引擎立场2026-07-20
Lagging — relative weakness落后 — 相对弱势
A cycle low is due in roughly ~0–12 trading days — watch for the turn, don't front-run it.周期低点预计在约 ~0–12 个交易日内出现——等待转向，切勿抢跑。
Key Statistics关键统计
Price价格
$371.91
22.2% below 52-week high低于52周高点 22.2%
Beta贝塔
1.02
Moves about 1.0x the market波动幅度约为市场的 1.0 倍
RSI (14)RSI（14）
40
Depressed偏低
Next Earnings下次财报
2026-07-29 (10d)
Volatility Rank波动率分位
70th pctile
hist. vol. percentile历史波动率分位数
Performance价格表现
| Period周期 | WSO | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | -2.3% | -1.5% | In line with the index与指数基本持平 |
| 1 Month近1月 | -3.2% | +0.6% | Lagged the index by 3.8 points落后指数 3.8 个百分点 |
| 3 Months近3月 | -13.6% | +4.7% | Lagged the index by 18.3 points落后指数 18.3 个百分点 |
| 6 Months近6月 | -1.7% | +7.8% | Lagged the index by 9.5 points落后指数 9.5 个百分点 |
| Year to date年初至今 | +8.8% | +9.1% | In line with the index与指数基本持平 |
| 1 Year近1年 | -19.3% | +19.4% | Lagged the index by 38.7 points落后指数 38.7 个百分点 |
| 3 Years近3年 | +7.7% | +69.4% | Lagged the index by 61.7 points落后指数 61.7 个百分点 |
Technicals技术面
RSI (14)RSI（14）
40
Depressed偏低
vs 50-day相对50日均线
-4.7% vs 50-day avg
vs 200-day相对200日均线
-1.8% vs 200-day avg
Volatility rank波动率分位
70th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$363.25
Don't chase above不追高于
$371.90
Stop止损
$371.90
Watch — a low is approaching观察 — 低点临近
Earnings财务业绩
10
days until next report天后公布财报
2026-07-29
Estimates being cut预期下调
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 7.4%
Earnings Per Share每股收益
5yr CAGR5年复合增速: 11.8%
Free Cash Flow自由现金流
Margins利润率
21.1%Return on Equity股本回报率
13.3%Return on Assets资产回报率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | -0.57 |
| Current ratio流动比率 | 4.12 |
Piotroski皮奥特罗斯基 5/7
Clean稳健
Snapshot Gauges综合指标
Beta市场敏感度
1.02×
0.21×3×
Moves about 1.0× the market波动幅度约为市场的 1.0 倍
Financial Health财务健康
5/7
Adequate financial health财务健康状况一般
Dividend分红
—
Does not pay a dividend不派发股息
Why Is It Moving为何波动
Sector / Theme行业/主题
Industrial Distribution & Capital Goods theme — #20 of 46 themes「工业分销与资本品」主题 — 46 个主题中第 20 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Quiet — no confirmed driver平静 — 无明确驱动
Technical技术面
WSO lost its 200-day averageWSO 跌破200日均线
Options Positioning期权持仓
Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±2.67%
Expected weekly move预期周波动
±5.96%
Call wall看涨密集区
$400
Put wall看跌密集区
$330
25d risk reversal25d风险逆转
-2.5%
Skew: 偏斜：balanced
Signal History信号历史
BOTTOM WATCH
NEARING A LOW
Jul 17, 2026
WSO lost its 200-day averageWSO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $371.91.收盘跌破200日均线 — 经典的空头分界线。$371.91。
Jul 17, 2026
WSO broke down vs the marketWSO 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $371.91.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$371.91。
Jul 13, 2026
WSO StochRSI turned up from oversoldWSO StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $390.35.StochRSI重回20上方 — 下行动量趋缓的最早预警。$390.35。
Jul 10, 2026
WSO reclaimed its 200-day averageWSO 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $380.59.收盘重回200日均线 — 经典的多头分界线。$380.59。
Jul 10, 2026
WSO weekly MACD crossed downWSO 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Jul 9, 2026
WSO broke down vs the marketWSO 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $374.51.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$374.51。
Jul 8, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 8, 2026
WSO lost its 200-day averageWSO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $376.98.收盘跌破200日均线 — 经典的空头分界线。$376.98。
Jul 8, 2026
WSO daily MACD crossed downWSO 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $376.98.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$376.98。
Jul 3, 2026
WSO weekly MACD crossed upWSO 周线MACD上穿
The weekly MACD histogram turned positive — the slower, less-whippy momentum read.周线MACD柱状图转正 — 更慢、更少来回的动量信号。
Jul 2, 2026
UPTREND → BOTTOMING上涨趋势 → 筑底中
BUY SETUP买入预备
Showing last 15 of显示最近15条，共 266 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: 0.28
Profitability盈利能力
+0.8
Quality质量
-0.7
Investment资本投入
+0.6
Low volatility低波动
+0.4
Low market beta低市场敏感度
-0.2
Earnings quality盈利质量
-0.9
Short interest空头兴趣
-2.8
Company Profile公司档案
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States.Watsco,Inc.是美国一家空调、供暖和制冷设备及相关零件和耗材（HVAC/R）的分销商。
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Capital intensity rising
Get the full picture获取完整视图
Nightly signals, options flow, and factor analysis across all S&P 500 names.每日更新的信号、期权资金流向和因子分析，覆盖所有标普500成分股。