BZ - United Airlines soars to top industrial gainer AeroVironment dives to pick #1 loser tag
While United Airlines (NASDAQ:UAL) rose to the top for the week ending April 22 on a positive outlook, aerospace/defense and power/electric equipment stocks formed the majority in the decliners' list. The SPDR S&P 500 Trust ETF (SPY) -2.68% was in the red for the third week in a row. YTD, the ETF is -10.30%. The Industrial Select Sector SPDR (XLI) -1.51% was in the red for a month now (4 weeks straight). YTD, XLI is -6.97%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +7% each. YTD, all the stock are in the green, barring AAON which is -29.33%. United Airlines (UAL) +14.03%. The Chicago-based company's stock rose the day after it reported its Q1 earnings on April 20 post market. Despite a miss on the headline figures, a forecast of better times ahead helped United Airlines stock soar. JPMorgan upgraded United Airlines to an Overweight rating after
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United Airlines soars to top industrial gainer, AeroVironment dives to pick #1 loser tag