|Bid||150.00 x 800|
|Ask||202.00 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||19.22%|
|Beta (3Y Monthly)||1.34|
|Expense Ratio (net)||0.42%|
The iShares Transportation Average ETF (CBOE: IYT) , the largest ETF dedicated to transportation stocks, is up more than 9% just this month and that could prove to be good news given the historical importance of transportation stocks in November. IYT seeks to track the investment results of the Dow Jones Transportation Average Index composed of U.S. equities in the transportation sector. The underlying index measures the performance of large, well-known companies within the transportation sector of the U.S. equity market.
From a historical standpoint, the iShares Transportation Average ETF (IYT) has been the ETF to own in the month of November, looking back 10 years, notes Bernie Schaeffer, technical expert and senior editor of Schaeffer's Investment Research.
Auto manufacturer Ford Motor topped earnings expectations for the third quarter, but the company also tamped down over-exuberant profitability forecasts for the future as it lowered its earnings guidance for the rest of 2019. Adjusted earnings: 34 cents per share vs. 26 cents expected. “The third-quarter results do have evidence of the global redesign of Ford,” CEO Jim Hackett said Wednesday on a call with investors.
Lyft shares got a lift from an earlier-than-expected profit forecast after startup co-founders Logan Green and John Zimmer said the ridesharing company could churn a profit by the year 2021. Shares of Lyft jumped as high as 8% in Tuesday’s trading session. Lyft made its IPO debut back in March, but with no clear path to profit, shares of the company stumbled.
Economists and Dow Theorists have worried about the poor showing of the Dow Jones Transportation Average and what it means for the economy.
Heading into Monday, the iShares Transportation Average ETF (CBOE: IYT) , the largest ETF dedicated to transportation stocks, was higher by nearly 19% year-to-date. IYT seeks to track the investment results of the Dow Jones Transportation Average Index composed of U.S. equities in the transportation sector. The underlying index measures the performance of large, well-known companies within the transportation sector of the U.S. equity market.
US airline stocks fell drastically on August 23. The industry seems to be bearing the brunt of the escalating trade war and sluggish economic growth concerns.
The U.S.-China Trade war is making its effects apparent in higher freight costs. This could certainly put transportation-focused exchange-traded funds (ETFs) on notice moving forward, particularly after China recently introduced new tariffs and resumed automotive duties as well.
UPS stock was up nearly 3% in premarket trading on July 24. The upswing came after it reported better-than-expected second-quarter results.
UPS is scheduled to report its second-quarter earnings results on July 24. Estimates suggest that things aren't looking good for it this quarter.
On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.
Analysts expect lower revenue growth to hurt Union Pacific’s bottom-line results. They expect the company to report revenues of $5.63 billion.
As far as any potential roadblocks for transportation exchange-traded funds, the U.S.-China trade wars are certainly a potential danger, but selecting the right exchange-traded funds (ETFs) could relegate them to a mere speed bump. The trade wars between the two largest economies have certainly been a negative factor for many sectors, and the transportation industry wasn't immune to its effects. “You need to recognize that it creates opportunities at the same time, if you are so inclined to take advantage of those market movements,” said Ric Edelman, co-founder and chairman of Edelman Financial Engines.