|Bid||22.00 x 1300|
|Ask||29.41 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.98%|
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.
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.
As global growth remains a concern, investors can look to sector-specific plays--one of them being infrastructure. "One market segment that has performed remarkably well of late—and one that may continue to perform well given the backdrop of potentially slowing growth—is infrastructure," wrote Kieran Kirwan, Senior Investment Strategist at ProShares. Most people by now recognize a huge need exists for more infrastructure investment.
The Dow Jones Transportation Average is up almost 20 percent year-to-date (YTD), which is keeping the Direxion Daily Transportation Bull 3X Shares (TPOR) on the move with its own 59.31 gain thus far this year. The Dow Jones Transportation Average is outpacing the Dow Jones Industrial Average thus far in 2019 by about 7 percent. The strength of the average, composed of primarily 20 airline, rail and trucking stocks, is showing itself in ETFs like TPOR that track the transportation sector.
The Dow Jones Transportation Average is outpacing the Dow Jones Industrial Average by about 4 percent thus far in 2019. The strength of the average, composed of primarily 20 airline, rail and trucking stocks, is showing itself in exchange-traded funds (ETFs) that track the transportation sector. The index is getting help from strong earnings results from the likes of Kansas City Southern, CSX and United Continental.
The week of April 15 brings a fair amount of first-quarter earnings reports. Just over 14 percent of the S&P 500 delivers earnings during that week, but for some sectors and industries, the percentages ...
Transportation stocks and sector-related ETFs have been gaining momentum, a bullish signal that the U.S. economy is on the mend after the broad market pullback last year and concerns over slowing growth. The Direxion Daily Transportation Bull 3X Shares ETF (TPOR) is an idea for aggressive traders looking to make bullish short-term bets on transportation stocks. TPOR, the first leveraged transportation ETF, attempts to deliver triple the daily returns of the widely followed Dow Jones Transportation Average (DJTTR).
Transportation sector-related ETFs are on the move as the markets try to recover from the fall-off last year. The iShares Transportation Average ETF (CBOE:IYT) gained 4.7% so far this year, with Direxion Daily Transportation Bull 3X Shares ETF (TPOR) , which takes the 3x or +300% daily leverage of the transportation sector performance, up 14.1% year-to-date. While transportation stocks have been rebounding, some market observers are wary of the potential pullback if the economy takes a wrong turn.
With just a few trading days left in October, active traders employing seasonal strategies are turning their attention to strategies that have historically performed well in November. If some positive historical trends pertaining to transportation stocks repeat this November, Direxion Daily Transportation Bull 3X Shares ETF (TPOR) could prove to be a leveraged exchange traded fund to consider next month. TPOR, the first leveraged transportation ETF, attempts to deliver triple the daily returns of the widely followed Dow Jones Transportation Average (DJTTR).
The Dow Jones Transportation Average Index is up about 7 percent year-to-date, lagging the broader market in the process, but there are ways for traders to magnify their transportation gains while playing a potential rebound in the sector. “Rail companies in particular are riding high on strong consumer spending and increased demand from domestic manufacturers that has started making its way through their 2018 balance sheets,” said Direxion in a recent note. “Given economic indicators like steadily rising GDP growth and strong consumer sentiment, as well as limited direct exposure to Chinese markets, transport stocks like the above as well as FedEx and UPS will likely see strong results in the upcoming earnings season,” said Direxion. What's Next?