|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||190.82 - 194.22|
|52 Week Range||157.65 - 206.73|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
Active traders, particularly those who are followers of Dow Theory, tend to have an affinity for analyzing the charts within the transportation sector. In this article, we take a look at several key charts within the transportation sector and try to determine how traders will position themselves over the weeks and months ahead. The iShares Transportation Average ETF is one of the most popular funds used by active traders for gaining exposure to the transportation sector.
The iShares Transportation Average ETF (IYT) and the SPDR S&P Transportation ETF (XTN) have traded slightly lower on a year-to-date basis, but both transportation exchange traded funds have recently shown signs of life. IYT tracks the Dow Jones Transportation Average (DJT). Transportation stocks were expected to benefit from lower oil prices and while that has been the case for airline stocks, other industry groups represented in IYT, including railroads, have lagged broader equity benchmarks.
Unlike most of the Street, FDX has already reported its latest quarterly earnings so traders can swing away without fear of a poor release throwing a wrench into what is becoming quite the beautiful chart.
With earnings on tap this week and next, the transportation group will likely cover more miles than usual. To one technician, the only direction for the group is up.
Delta Air Lines (DAL) reported record first-quarter revenue of $9.97 billion in 1Q18, a rise of 9.6% on a YoY (year-over-year) basis. It beat analysts’ revenue estimate of $9.84 billion.
Delta Air Lines (DAL) is projected to post revenues of $9.84 billion in 1Q18—7.6%% growth on a YoY (year-over-year) basis. Delta Air Lines reported revenues of $9.1 billion in 1Q17. If Delta Air Lines manages to meet or beat the expectations, it would likely post record first-quarter revenues. Higher revenues would also signal a turnaround in the first quarter revenues after sliding for two years. Jetblue Airways (JBLU), American Airlines (AAL), and Southwest Airlines (LUV) are projected to grow 9.2%, 8.5%, and 2.8%, respectively, in 1Q18.
Delta Air Lines (DAL) is set to announce its 1Q18 earnings on April 12, 2018, during market hours. The company will hold a conference call at 10:00 AM EST the same day to address the results.
In early February, the stock market had a sharp correction on the headline of an overheated jobs report. But since then, we’ve had a slew of political headlines threatening global growth, which exacerbated the situation. This morning is a perfect example as stocks are falling again on yet another headline From President Donald Trump about escalating tariff amounts.
Boeing: Could It Be Impacted by US-China Trade Standoff? In the first week of September 2017, Boeing (BA) came up with its estimate on the Chinese aviation market (IYT) for the next 20 years. Boeing’s September estimate for China refers to a 6% rise from its prediction in 2016.
Are We Starting to Witness the Positive Impact of Tax Cuts? Durable goods orders reflect new orders placed with domestic manufacturers for the delivery of factory hard goods in the near term. This report is published by the United States Census Bureau every month, and the required data is gathered through the United States Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders (or M3) survey.
On March 27, 2018, Memphis-headquartered global logistics giant FedEx announced the acquisition of P2P Mailing for ~$130 million (or 92.0 million pounds). P2P has partnership agreements with final-mile delivery partners across the world. The company’s innovative IT platform allows customers to communicate with the platform in their local language.
The iShares Transportation Average ETF (NYSEArca: IYT) and the SPDR S&P Transportation ETF (NYSEArca: XTN) have traded almost flat this year, but some market observers believe transportation could play ...
President Trump has threatened in the past to scrap the NAFTA deal unless the whole agreement is thoroughly reviewed in the present light. The Association of American Railroads is an alliance of major US railroads across North America. On NAFTA, it had written to the US President calling for constructive negotiations and maintaining in place elements that proved beneficial for the US.
In February 2018, Genesee & Wyoming’s (GWR) freight volumes from North American, European, and Australian operations were ~254,300 carloads, which represents a rise of 0.8% or 2,000 plus carloads compared with February 2017. GWR’s same-railroad carloads in the reported month expanded 0.6% to less than 254,000 carloads compared with over 252,200 carloads in February 2017.
The durable goods orders metric is an economic indicator that reflects new orders placed with domestic manufacturers for the delivery of factory hard goods in the near term or future. The US Census Bureau publishes this report every month and it is prepared based on results from the US Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders (or M3) survey, which is a voluntary survey authorized by Title 13 of the United States Code.
Avg. (ETF) (BATS:IYT) underperformed the broader stock market on Tuesday, closing lower by 2.25%. Furthermore, transportation stocks as a group, and especially airline stocks, have lagged the broader market’s rebound over the past couple of weeks. Before looking at the charts of UAL stock, allow me to say a word on the broader stock market environment.
What Happened Barclay’s recently hosted its 35th annual Barclays Industrial Select Conference, and analyst Brandon Oglenski summarized his takeaways from the airlines and transportation sectors in an investor ...