Union Pacific leads industrials this week, while Axon Enterprise trails

The Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI [https://seekingalpha.com/symbol/XLI]) closed 0.90% higher this week. On a year-to-date basis, XLI has been slightly ahead of the broader markets, gaining 15.80% compared to the S&P500’s 12.96% returns.

WEEKLY TOP 5 GAINERS

Union Pacific (NYSE:UNP [https://seekingalpha.com/symbol/UNP]) gained the most this week, with shares +6.61% after Donald Trump supported UNP’s planned $72B acquisition [https://seekingalpha.com/news/4497184-trump-supports-union-pacifics-takeover-of-norfolk-southern---report]of rival railroad operator Norfolk Southern (NYSE:NSC [https://seekingalpha.com/symbol/NSC]).

Norfolk Southern (NYSE:NSC [https://seekingalpha.com/symbol/NSC]) also gained +4.86% following the announcement, becoming the second top gainer among industrial stocks.

Quanta Services (NYSE:PWR [https://seekingalpha.com/symbol/PWR]) was up 4.34% after Jefferies [https://seekingalpha.com/news/4498567-quanta-services-raised-to-buy-at-jefferies-as-continued-tam-expansion-underpins-growth]raised its rating on the company to Buy from Hold, pointing to its ability to tap a larger addressable market, driven mainly by expansion into data center opportunities.

Westinghouse Air Brake Technologies (NYSE:WAB [https://seekingalpha.com/symbol/WAB]) was +4.22% as Citi [https://seekingalpha.com/news/4497103-westinghouse-air-brake-rated-buy-in-new-coverage-at-citi]initiated coverage of the firm with a Buy recommendation, citing expectations of rising demand from railroad operators. The company also secured a $4.2B multiyear agreement [https://seekingalpha.com/news/4497432-wabtec-lands-4_2b-locomotive-deal-with-kazakhstan-s-railway]to supply locomotives and long-term maintenance services to Kazakhstan’s state railway.

Northrop Grumman (NYSE:NOC [https://seekingalpha.com/symbol/NOC]) ended +3.75% after a report said it was in line to win a €1.2 billion ($1.41 billion) contract [https://seekingalpha.com/news/4497029-germany-set-to-award-1_2b-eurofighter-upgrade-contract-to-saab-northrop-grumman]from Germany to equip its Eurofighter jets.

WEEKLY TOP 5 LOSERS

Axon Enterprise (NASDAQ:AXON [https://seekingalpha.com/symbol/AXON]) lost the most this week, with its shares -8.48%. The company announced its plans to acquire [https://seekingalpha.com/news/4497865-axon-to-acquire-emergency-communications-platform-prepared]Prepared this week. Piper Sandler [https://seekingalpha.com/news/4498484-axon-enterprise-rated-overweight-in-new-coverage-at-piper-sandler] also initiated coverage on the firm with an Overweight rating during the week.

United Airlines (NASDAQ:UAL [https://seekingalpha.com/symbol/UAL]) was -7.90% after its flights were grounded [https://seekingalpha.com/news/4498193-faa-grounds-mainline-united-airlines-flights-due-to-tech-issue]by the FAA, citing an equipment/technology issue.

Generac Holdings (NYSE:GNRC [https://seekingalpha.com/symbol/GNRC]) was -7.69%.

Builders FirstSource (NYSE:BLDR [https://seekingalpha.com/symbol/BLDR]) -4.79%.

Delta Air Lines (NYSE:DAL [https://seekingalpha.com/symbol/DAL]) ended -4.28%. The company announced a quarterly dividend [https://seekingalpha.com/news/4499325-delta-air-lines-declares-0_1875-dividend] of $0.1875/share in the week.

ETFs to tab the industrial sector include: (NYSEARCA:XLI [https://seekingalpha.com/symbol/XLI]), (VIS [https://seekingalpha.com/symbol/VIS]), (XAR [https://seekingalpha.com/symbol/XAR]), (EXI [https://seekingalpha.com/symbol/EXI]), (PSCI [https://seekingalpha.com/symbol/PSCI]), (PRN [https://seekingalpha.com/symbol/PRN]), (FIDU [https://seekingalpha.com/symbol/FIDU]).

MORE ON INDUSTRIALS

* Delta Air Lines Is Set To Soar Into A Second Century Of Flight [https://seekingalpha.com/article/4826091-delta-air-lines-stock-set-to-soar-into-second-century-of-flight]
* Axon Is Outgrowing Its Critics And That's Why It's A Clear Buy For Me [https://seekingalpha.com/article/4825820-axon-is-outgrowing-its-critics-and-thats-why-its-a-clear-buy-for-me]
* Delta Air Lines: Don't Run Away Now [https://seekingalpha.com/article/4823425-delta-air-lines-dont-run-away-now]
* Key deals this week: STAAR Surgical, Pfizer, DB Insurance, Strive, Rocket Lab and more [https://seekingalpha.com/news/4499663-key-deals-this-week-staar-surgical-pfizer-db-insurance-strive-rocket-lab-and-more]
* United Airlines lands key FAA certification for Starlink on mainline flights [https://seekingalpha.com/news/4499461-united-airlines-lands-key-faa-certification-for-starlink-on-mainline-flights]