|Bid||187.95 x 1000|
|Ask||189.39 x 2200|
|Day's Range||187.97 - 189.32|
|52 Week Range||155.24 - 200.42|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||15.59%|
|Beta (3Y Monthly)||1.33|
|Expense Ratio (net)||0.42%|
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.
On Tuesday, CSX (CSX) is scheduled to report its second-quarter earnings results. Analysts expect the company to report an adjusted EPS of $1.11.
Goldman Sachs (GS) initiated its coverage on FedEx (FDX) and UPS (UPS) with “buy” ratings. Goldman Sachs argued that the stocks are too cheap to ignore.
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations.
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations due to the grounding of Boeing’s (BA) 737 MAX planes.
Along with the spirit of Americans, this Independence Day should lift revenues and profits in various corners. Industries like transportation, lodging, hotel, restaurants, food and retail will benefit the most.