NEW YORK (
) -- 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
has risen 12.2% and the
is up 18.0%.
Stubbornly high fuel costs remain an issue for the Transportation sector, which is just 3.1% undervalued, according to
Today I profile the 20 stocks that are tracked by the
iShares Dow Jones Transportation Average
. 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
The above pop-up table shows data from
covering the 20 stocks in the Dow Jones Transportation Average.
Reading the Table
: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
: 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.