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As the economy staggers back from coronavirus, a split is appearing in the world of transportation. Railroads are thriving and air travel is struggling. Consider these two points from yesterday: The Association of American Railroads reported that train traffic...
After a historic rally, last night's earnings proved Tesla has a place among the great American companies. The electric-car innovator maker crushed both profit and revenue forecasts as CEO Elon Musk fixed manufacturing problems. That resulted in both higher margins...
Truckers, airlines and railroads have been on the move as confidence recovers in the U.S. economy. The iShares Transportation Average ETF (IYT) rose 4.4 percent in the last week. That's the biggest gain among over 50 major funds tracked by Market Insights for our...
Economists have worried about the economy slowing, but railroads are telling a different story. The Dow Jones US Railroads Index ($DJUSRR) rose more than 2 percent today to a new all-time high. They've helped the broader transportation index ($DJT) and industrial...
Banks and railroads continue to advance as investors seem to focus on a strong U.S. economy. Banks and financials are the best-performing major sector in the S&P 500. The move comes after strong earnings from Bank of America (BAC) and JPMorgan Chase (JPM). Perhaps...
How schizophrenic is the transportation sector? Look no further than yesterday's headlines. On one hand, analysts at JPMorgan raised price targets on major railroads like CSX (CSX), Union Pacific (UNP) and Norfolk Southern (NSC). All three inched lower along with the...
Here's a breakdown of some big options spreads from Tuesday. Both reflected continued optimism about the economy. First, a put ratio spread in the SPDR S&P Retail ETF (XRT): A block of 50,000 27-July 48 puts was bought for $0.36. Some 100,000 27-July 47 puts were...
Railroads closed at a new high as freight traffic climbs to its strongest level in years.