NASDAQ: AAWW Outperforming Other Transportation Stocks This Year?
July 24, 2020
Atlas Air Worldwide (NASDAQ: AAWW at https://www.webull.com/quote/nasdaq-aaww) is a main worldwide supplier of redistributed aircraft and aeronautics working administrations. It is the parent organization of Atlas Air, Inc. (NASDAQ: AAWW), Southern Air Holdings, Inc., and Titan Aviation Holdings, Inc., and is the larger part investor of Polar Air Cargo Worldwide, Inc. Our organizations work the world’s biggest armada of 747 tanker aircraft and give clients the broadest cluster of Boeing 747, 777, 767 and 737 aircraft for household, provincial and universal payload and traveller tasks.
Speculators concentrated on the Transportation space have likely known about Atlas Air Worldwide Holdings (NASDAQ: AAWW), however, is the stock performing great in contrast with the remainder of its per peers? By investigating the stock’s year-to-date execution in contrast with its Transportation peers, we may have the option to respond to that question.
Atlas Air Worldwide Holdings (NASDAQ: AAWW) is one of 141 individual stocks in the Transportation division. All in all, these organizations sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 distinctive segment gatherings. The normal Zacks Rank of the individual stocks inside the gatherings is estimated, and the parts are recorded from best to most noticeably awful.
The Zacks Rank is a demonstrated model that features an assortment of stocks with the correct attributes to outflank the market throughout the following one to a quarter of a year. The framework underlines profit gauge updates and favours organizations with improving income viewpoints. NASDAQ: AAWW is as of now donning a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAWW’s entire year income has moved 27.31% higher inside the past quarter. This implies expert notion is more grounded and the stock’s profit viewpoint is improving.
As indicated by our most recent information, AAWW has moved about 78.60% on a year-to-date premise. In correlation, Transportation organizations have restored a normal of – 7.85%. This implies Atlas Air Worldwide Holdings is outflanking the part all in all this year.
Looking all the more explicitly, AAWW has a place with the Transportation – Air Freight and Cargo industry, which includes 5 individual stocks and presently sits at #53 in the Zacks Industry Rank. All things considered, this gathering has increased a normal of 13.08% so far this year, implying that AAWW is performing better regarding year-to-date returns.
Going ahead, speculators inspired by Transportation stocks should keep on giving close consideration to AAWW as it hopes to proceed with its strong presence. You can do trading online for these stocks. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.