NEW YORK ( TheStreet) -- The Dow transportation average gained momentum Tuesday in a technical move towards a test of its May 20 all time high at 6,568.41. What this has done is raise the earnings bar for the transportation sector, which still has a sector allocation rating of 'avoid-source of funds.'I profiled these eight transportation stocks I have been following in Continue to Avoid Transportation Stocks. I have not changed this June 19 assessment and thus re-iterate that transportation stocks should be sold on strength.
The Earnings Bar Is Hurdle for Transportation Stocks
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.