5 Stocks Pushing The Transportation Industry Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the transportation industry higher today, Nov. 15, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 887 issues advancing vs. 2,072 declining with 104 unchanged. The Transportation industry currently sits down 2.0% versus the S&P 500, which is down 0.5%. Top gainers within the industry include Spirit Airlines ( SAVE), up 7.7%, and Grupo Aeroportuario del Sureste S.A.B. de ( ASR), up 2.7%. On the negative front, top decliners within the industry include Safe Bulkers ( SB), down 32.4%, DryShips ( DRYS), down 14.2%, CSX ( CSX), down 1.5%, Norfolk Southern Corporation ( NSC), down 1.0% and Canadian National Railway ( CNI), down 0.8%. TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today: 5. JetBlue Airways Corporation ( JBLU) is one of the companies pushing the Transportation industry higher today. As of noon trading, JetBlue Airways Corporation is up $0.14 (2.7%) to $5.11 on average volume Thus far, 1.6 million shares of JetBlue Airways Corporation exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $4.95-$5.18 after having opened the day at $4.96 as compared to the previous trading day's close of $4.98. JetBlue Airways Corporation provides passenger air transportation services in the United States. As of August 10, 2012, the company operated approximately 700 daily flights through a fleet of 175 Airbus and EMBRAER aircrafts. JetBlue Airways Corporation has a market cap of $1.5 billion and is part of the services sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate JetBlue Airways Corporation a buy, 2 analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates JetBlue Airways Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full JetBlue Airways Corporation Ratings Report now.
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