|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||186.26 - 188.50|
|52 Week Range||157.65 - 189.77|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
The iShares Transportation Average ETF (NYSEArca: IYT) and the SPDR S&P Transportation ETF (NYSEArca: XTN) each jumped 6% last week in the last sign transportation stocks are roaring back. XTN, the equal-weight ...
The increase in price pressure, although reassuring for the Fed, might not lead to a higher rate of inflation in the short term.
The airline industry has not always had the best reputation from a stock investment perspective. Southwest Airlines Co (NYSE:LUV) is one airline that has a better reputation for its business acumen than most others. LUV stock is up 16% in the past 12 months, even after its correction that started in July.
In 3Q17, BNSF’s revenues rose 2.8%, and its operating expenses rose 2.3%. The pace of revenue growth was marginally higher than its operating expenses.
In 3Q17, the Industrial Products segment's revenues rosed 4% to ~$1.3 billion compared to $1.2 billion in 3Q16.
Burlington Northern Santa Fe’s 3Q17 revenues rose mainly due to an overall 3.1% rise in shipments. In the first nine months of 2017, freight volumes rose 6%.
When United Continental reported its latest batch of earnings on Oct. 18, it failed to impress investors. As a side note, the weakness on Tuesday wasn’t just concentrated to UAL stock but indeed the transportation stocks as a group traded heavy, resulting in the iShares Dow Jones Transport. This is no reason to sell everything and head for cover, but it does warrant paying more attention to the transportation stocks again.
While the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 14% year-to-date, United Continental Holdings Inc (NYSE:UAL) is down over 11%. UAL is up 27% in 12 months which is more than the SPY. Today I want to reload with a bullish trade that I’ve done already a few times this year.
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Avg. (ETF) (BATS:IYT) are up by over 5% for the year-to-date, Kansas City Southern (NYSE:KSU) has rallied closer to 25% over the same period, thus showing leadership in the space. Transportation stocks are always a hotly debated group of stocks among the smart-money investors I speak with, not the least of which is because opinions are split as to whether the Dow theory still applies in today’s economy. Looking at the multiyear weekly chart, we see that KSU stock after a strong run out of the financial crisis lows in 2009 began to correct/consolidate this move in 2014.
The “Fast Money Halftime Report” traders discuss the fallout of the tech sector and FANG and what to focus on during this market pullback.
Rich Ross, Evercore ISI, discusses FedEx's dip after an earnings miss and whether there's trouble with the transports. The “Fast Money” traders weigh in.