JBLU, LUV And FDX, Pushing Transportation Industry Downward
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 13 points (0.1%) at 17,825 as of Wednesday, Nov. 25, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,252 declining with 187 unchanged.
The Transportation industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include
(
), down 1.4%, and
(
), down 1.4%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Transportation industry lower today. As of noon trading, JetBlue Airways is down $0.37 (-1.5%) to $24.97 on light volume. Thus far, 1.6 million shares of JetBlue Airways exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $24.97-$25.58 after having opened the day at $25.39 as compared to the previous trading day's close of $25.34.
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JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts. JetBlue Airways has a market cap of $8.1 billion and is part of the services sector. Shares are up 59.8% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate JetBlue Airways a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
JetBlue Airways
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
JetBlue Airways Ratings Report
now.
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2. As of noon trading,
(
) is down $0.52 (-1.1%) to $45.71 on light volume. Thus far, 1.7 million shares of Southwest Airlines exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $45.70-$46.60 after having opened the day at $46.43 as compared to the previous trading day's close of $46.23.
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Southwest Airlines Co. operates passenger airlines that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft. Southwest Airlines has a market cap of $30.9 billion and is part of the services sector. Shares are up 9.2% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Southwest Airlines a buy, 2 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Southwest Airlines
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, good cash flow from operations, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
Southwest Airlines Ratings Report
now.
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1. As of noon trading,
(
) is down $1.14 (-0.7%) to $162.05 on light volume. Thus far, 300,736 shares of FedEx exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $161.80-$163.49 after having opened the day at $163.19 as compared to the previous trading day's close of $163.19.
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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx has a market cap of $46.2 billion and is part of the services sector. Shares are down 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate FedEx a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
FedEx
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the transportation industry could consider
iShares Dow Jones Transportation
(
) while those bearish on the transportation industry could consider
ProShares UltraShort Industrials
(
).