Are Transportation Stocks Lagging SkyWest (SKYW) This Year?

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is SkyWest (SKYW) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.SkyWest is one of 124 individual stocks in the Transportation sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SkyWest is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for SKYW's full-year earnings has moved 3.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that SKYW has returned about 0.5% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 5.7% on average. As we can see, SkyWest is performing better than its sector in the calendar year.Westinghouse Air Brake Technologies (WAB) is another Transportation stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8%.Over the past three months, Westinghouse Air Brake Technologies' consensus EPS estimate for the current year has increased 2.1%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, SkyWest belongs to the Transportation - Airline industry, which includes 29 individual stocks and currently sits at #147 in the Zacks Industry Rank. This group has lost an average of 9% so far this year, so SKYW is performing better in this area.On the other hand, Westinghouse Air Brake Technologies belongs to the Transportation - Equipment and Leasing industry. This 10-stock industry is currently ranked #68. The industry has moved +5.5% year to date.Going forward, investors interested in Transportation stocks should continue to pay close attention to SkyWest and Westinghouse Air Brake Technologies as they could maintain their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Wabtec (WAB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks