NEW YORK (TheStreet) -- The Dow Jones Transportation Average has the weakest year-to-date performance of the major equity indices I follow.
Transports are up just 1.1% so far in 2012, while the Dow Jones Industrial Average is up 7.4%, the Russell 2000 has gained 9.4%, the S&P 500 has risen 12.2% and the Nasdaq is up 18.0%.
Stubbornly high fuel costs remain an issue for the Transportation sector, which is just 3.1% undervalued, according to www.ValuEngine.com.
Today I profile the 20 stocks that are tracked by the iShares Dow Jones Transportation Average (IYT). Five of the stocks are airlines, four are railroads, three are truckers, two are in air & ground freight and package deliveries, five are in transportation services & equipment leasing, and one is in ocean shipping.The Dow transports are up 28.4% from their October 2011 low at 3950.66 but are down 9.9% from their all-time high of 5627.85 set on July 7, 2011. The decline from the all-time high to the October 2011 low was 29.8%. The weekly chart for the Dow Jones Transportation Average now shows a declining momentum (12x3x3 weekly slow stochastic) reading falling to 60.93 from 62.39. The weekly chart will shift to negative on a close this week below its five-week modified moving average at 5124. My semiannual value levels are 4449 and 4129 with a weekly pivot at 5051 and a monthly risky level at 5373. Source: Thomson Reuters
Reading the TableOV/UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. VE Rating: A "1-Engine" rating is a Strong Sell, a "2-Engine" rating is a Sell, a "3-Engine" rating is a Hold, a "4-Engine" rating is a Buy and a "5-Engine" rating is a Strong Buy.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV