Wall Street closed higher last week after better-than-expected jobs data cheered investors’ sentiment. The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI) gained 1.61% largely in line with the S&P500’s 1.09% rise.
Weekly top 5 gainers
- United Airlines (NASDAQ:UAL) ended as the biggest gainer last week with its shares +6.02%. The carrier has teamed up with Spotify to make its contents available in its aircraft, enhancing their in-flight experience.
- Axon Enterprise (NASDAQ:AXON) continued its winning streak last week with its shares ending at +5.53%.
- Quanta Services (NYSE:PWR) ended the week +5.49%.
- Delta Air Lines (NYSE:DAL) was +5.29% after Seeking Alpha analyst Moretus Research initiated coverage on the stock last week with a Buy rating driven by its premiumization, margin resilience, and earnings durability. However, another analyst George Atuan sees mounting macroeconomic headwinds for the airline going ahead.
- Generac Holdings (NYSE:GNRC) was +4.77% in the week ended June 6.
Weekly top 5 losers
- Copart (NASDAQ:CPRT) closed in the red territory for the third straight week, ending up as the biggest industrial loser with its shares -2.62%.
- Allegion (NYSE:ALLE) was -2.49%. On June 3, the company said that it had acquired Nova Hardware, an Australia-based architectural door hardware business.
- Lennox International (NYSE:LII) closed at -2.14%.
- Waste Management (NYSE:WM) ended -1.93%
- 3M (NYSE:MMM) was -1.92% at the end of the week.
ETFs to tab the industrial sector include: (NYSEARCA:XLI), (VIS), (XAR), (EXI), (PSCI), (PRN), (FIDU).
More on Industrials
- Axon Enterprise, Inc. (AXON) Presents at William Blair 45th Annual Growth Stock Conference Transcript
- Delta Air Lines: Premium Strength But Growing Turbulence Ahead
- Delta Outperforms While The Industry Wobbles
- Spotify teams with United Airlines for in-flight streaming
- BofA Securities: Hedge fund inflow surges, institutional investors continue to sell