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17 Transportation Stocks Illustrate Difficult Stock Picking

NEW YORK (TheStreet) -- The Dow Jones Transportation Average (OTC: ^DJT) outperformed the other four major averages in 2013 with a gain of 39.4%. Dow transports set a new all-time multi-year high on Monday at 7485.34 before falling to 7,361.84 at the close, between my monthly and semiannual pivots at 7327 and 7376. Transports stayed above my second semiannual pivot at 7245 on Jan. 6.

Today I provide a table of my buy-and-trade parameters for 17 brand-named companies from the transportation sector: three airlines, two air freighters, one in leasing, three railroads and eight truckers.

One airline set a new all time intra-day high on Monday and another flew to a new multi-year intra-day high. Railroad CSX (CSX) set a new all-time intra-day high and reports quarterly earnings after the close tomorrow. Two truckers reached new all-time intra-day highs and another a new multi-year high helping transports drive to its new high.

The airlines are flying at altitudes that should be difficult to sustain, but with no risky levels. The leader is Delta Airlines (DAL) up 130.1% over the last 12 months and in the flight to new heights has become 89.7% overvalued with a sell rating according to

Must Read: Wrong Calls: Intel, America Online and Apple

Air freighter FedEx (FDX - Get Report) outperformed United Parcel Services (UPS - Get Report) with a gain of 42.8% over the last 12 months compared to 26.5% for its rival. Both are overvalued by 34.1% and 26.6% respectively.

On the rails Norfolk Southern (NSC) was the fractional outperformer with a gain of 39% over the last 12 months but is the most overvalued by 24.5%.

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FDX $160.55 -2.80%
UPS $102.26 -0.82%
AAPL $92.91 -0.76%
FB $117.65 -0.35%
GOOG $701.08 0.77%


Chart of I:DJI
DOW 17,626.85 -24.41 -0.14%
S&P 500 2,051.41 +0.29 0.01%
NASDAQ 4,725.6260 -0.0130 -0.00%

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