Weekly top industrial gainers and losers: Delta Air Lines leads gains as airline stocks take off

The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI) closed flat this week, about +0.87% higher compared to a +0.48% movement in the wider S&P500 index. The week-ended July 11 saw travel stocks advancing with airlines being the top three gainers.

Weekly top 5 gainers

Delta Air Lines (NYSE:DAL) gained the most in the week with its shares +11.38% after posting strong Q2 results. DAL shares rallied to a 4-month high after it beat analysts’ consensus for both revenue and EPS, and reaffirmed its full-year outlook.

Southwest Airlines (NYSE:LUV) rose 8.95% in the week despite receiving a Hold rating from Seeking Alpha analyst Albert Anthony who noted that the firm’s profit margins still lag behind its peers.

United Airlines (NASDAQ:UAL) climbed 6.47% in the week.

Boeing (NYSE:BA) +5.06% was fourth among gainers after a sharp rise in June deliveries, including its first to China since a trade suspension was lifted. Additionally, a report attributing last month’s Air India crash to pilot confusion lifted some pressure off the company.

Builders FirstSource (NYSE:BLDR) was up 4.76%.

Weekly top 5 losers

Axon Enterprise (NASDAQ:AXON) lost the most with its shares declining 8.28%. Seeking Alpha analyst Diesel issued a Hold call for the stock arguing that despite its “rapid revenue and profit growth, Axon’s valuation is extremely high.”

Copart (NASDAQ:CPRT) was -3.77%.

United Parcel Service (NYSE:UPS) lost 2.75%.

Expeditors International of Washington (NYSE:EXPD) slid 2.21% after Bank of America downgraded the stock to Underperform, citing falling containership rates which it said could lead to flat earnings and subdued performance.

FedEx (NYSE:FDX) -2.14%.

ETFs to tab the industrial sector include: (XLI), (VIS), (XAR), (EXI), (PSCI), (PRN), (FIDU).