|Bid||23.84 x 800|
|Ask||31.21 x 800|
|Day's Range||24.39 - 25.99|
|52 Week Range||15.36 - 41.40|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.98%|
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).
Investors seeking exposure to the transportation sector can consider three ETFs that are poised for new potential gains after a rough period.
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?
In a world where online shopping is a dominant force in retail, the sector has been an unlikely source of fuel for the transportation sector as evidenced in the correlation between the Direxion Daily Retail Bull 3X ETF (RETL) and the Direxion Daily Transportation Bull 3X Shares ETF (TPOR) . A tailwind of positive economic data from the Commerce Department with retail sales increasing by 0.5% in July has helped to propel the retail sector through the beginning of the third quarter. Retail ETFs like RETL have been the beneficiaries of an extended bull market where consumers are more apt to open their wallets. With investor exuberance ready to hop on board the retail ETF train, RETL experienced $14 million in inflows since the beginning of the third quarter. Based on Yahoo! Finance performance figures, RETL is up 23.72% year-to-date and 59.26% the past year.
The month of July was strong for the U.S. stock market with the S&P 500 re-claiming its 2800 level despite escalating trade worries. The rally was fueled by strong corporate earnings, accelerating economic growth, and the perception that American stocks are largely insulated from potential trade wars.Source: Shutterstock