Stocks股票 / Industrials / WSO
Watsco · Industrials
WSO US listed · USD美股 · 美元
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
Industrials
S&P 400标普400中盘
$370.77
-$1.14 · -0.31%
52w low52周低 $313high高 $483
Lagging — relative weakness落后 — 相对弱势
A cycle low is due in roughly ~0–11 trading days — watch for the turn, don't front-run it.周期低点预计在约 ~0–11 个交易日内出现——等待转向，切勿抢跑。
Engine read引擎解读 · 2026-07-21
Price chart价格图表
daily · interactive日线 · 可交互
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Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-07-21
Momentum (RSI 14)动量（RSI 14）
40
Depressed偏低
vs 50-day average相对50日均线
-4.7% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-2.1% below下方
Long trend down长期向下
Volatility波动率
51th percentile第51百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-07-299days to go天后公布
Estimates being cut预期下调
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 7.4%
Earnings per share每股收益
5-yr growth5年复合增速 11.8%
Free cash flow自由现金流
Gross margin毛利率
28.0%
Operating margin营业利润率
10.0%
Net margin净利率
8.1%
FCF margin自由现金流利润率
7.9%
Balance-sheet quality财务体质 5/7
Return on equity股本回报率 21%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-0.57
Current ratio流动比率4.12
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
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
as of last close截至上一收盘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
±2.61%
Expected weekly move预期周波动
±5.85%
25d risk reversal25d风险逆转
-3.6%
Skew: fear偏斜：避险
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY. Day 33 of a typical 23-44-day cycle — inside the window where lows usually form, and short-term momentum is washed out. No confirmed turn yet准备。典型 23-44 天周期的第 33 天——处于低点通常形成的窗口内，且短期动量已被洗净。尚无确认的转向
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 the last 15 of显示最近15条，共 265 signals条信号
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。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Profitability盈利能力
Above market高于市场
Quality质量
Below market低于市场
Investment资本投入
Above market高于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Above market高于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
24/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
12/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
35/100 — middle of the pack居中
vs market, 12 months相对大盘（12个月）
14/100 — weaker than most弱于多数
Rank in sector行业内排名
#205 / 250
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -5.0% | -0.9% |
| 1 Month近1月 | -6.8% | -0.6% |
| 3 Months近3月 | -15.8% | +5.4% |
| 6 Months近6月 | -2.9% | +8.6% |
| Year to date年初至今 | +8.5% | +8.9% |
| 1 Year近1年 | -19.3% | +19.2% |
| 3 Years近3年 | +8.8% | +69.9% |
Trading information交易信息
Beta vs market贝塔
1.02
Volatility rank波动率分位
51th pctile
Off 52-week high距52周高点
-22.5%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $5.1B | $6.3B | $7.3B | $7.3B | $7.6B | $7.2B |
| EPS每股收益 | $7.01 | $10.78 | $15.41 | $13.67 | $13.30 | $12.25 |
| Free cash flow自由现金流 | $518M | $324M | $536M | $526M | $743M | $535M |
| Gross margin毛利率 | 24.2% | 26.6% | 27.9% | 27.4% | 26.8% | 28.0% |
| Net margin净利率 | 5.3% | 6.7% | 8.3% | 7.4% | 7.0% | 6.9% |
| FCF margin自由现金流利润率 | 10.2% | 5.2% | 7.4% | 7.2% | 9.8% | 7.4% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$7.2B
Gross profit毛利润
$2.0B
Net income净利润
$588M
Operating cash flow经营现金流
$570M
Total assets总资产
$4.4B
Shareholder equity股东权益
$2.8B
Dividends paid股息支出
$474M
Returns & growth回报与增长
Return on equity股本回报率
21.1%
Return on assets资产回报率
13.3%
Profit growth利润增速
-7.6%
Asset growth资产增速
-1.4%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: inventory +77% vs sales +43% — inventory building, demand risk营运资本：存货 +77% 对销售 +43%——存货积压，需求风险
- Pricing power: gross margin +3.8pts over 6 years定价能力：毛利率 6 年上升 3.8 个百分点
- Capital discipline: disciplined growth, returning cash资本纪律：增长克制、回报股东
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
40
RSI (2-day)RSI（2日）
8
vs 20-day average相对20日均线
-5.2%
vs 50-day average相对50日均线
-4.7%
vs 200-day average相对200日均线
-2.1%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down动能向下
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
49/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
3
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-3.6%
Net upgrades, 30 days净上调（30天）
+1
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$400
Put wall看跌期权墙
$330
Upside magnet上方磁吸位
$430
Downside magnet下方磁吸位
$310
Net dealer gamma做市商净伽玛
+$0.0B
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
0%
25-delta risk reversal25-delta风险逆转
-3.6%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Days to cover回补天数
7.8
Short interest change空头变化
+0.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Feb · 100%
Weakest month最弱月份
Aug · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +1.7% | 3 |
| Feb2月 | 100% | +5.9% | 3 |
| Mar3月 | 67% | +1.2% | 3 |
| Apr4月 | 67% | +4.7% | 3 |
| May5月 | 33% | -3.3% | 3 |
| Jun6月 | 50% | +4.1% | 4 |
| Jul7月 | 50% | +3.1% | 4 |
| Aug8月 | 0% | -3.4% | 3 |
| Sep9月 | 100% | +3.7% | 3 |
| Oct10月 | 0% | -6.9% | 3 |
| Nov11月 | 67% | +9.4% | 3 |
| Dec12月 | 33% | -2.4% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。