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Are Transportation Stocks Lagging Atlas Air Worldwide Holdings (AAWW) This Year?

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Atlas Air Worldwide (AAWW) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.

Atlas Air Worldwide is one of 142 individual stocks in the Transportation sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Atlas Air Worldwide is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for AAWW's full-year earnings has moved 0.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, AAWW has returned 1.4% so far this year. Meanwhile, stocks in the Transportation group have lost about 23.5% on average. This means that Atlas Air Worldwide is outperforming the sector as a whole this year.

Another stock in the Transportation sector, Covenant Logistics (CVLG), has outperformed the sector so far this year. The stock's year-to-date return is 10.9%.

For Covenant Logistics, the consensus EPS estimate for the current year has increased 18.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Atlas Air Worldwide belongs to the Transportation - Air Freight and Cargo industry, a group that includes 5 individual companies and currently sits at #96 in the Zacks Industry Rank. This group has lost an average of 26.9% so far this year, so AAWW is performing better in this area.

Covenant Logistics, however, belongs to the Transportation - Truck industry. Currently, this 12-stock industry is ranked #16. The industry has moved -24.3% so far this year.

Atlas Air Worldwide and Covenant Logistics could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.

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