Norfolk Southern Corporation

(

NSC

) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day up 3.3%. By the end of trading, Norfolk Southern Corporation rose $2.60 (3.7%) to $73.04 on average volume. Throughout the day, 3.1 million shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in a price between $72.37-$73.20 after having opened the day at $72.75 as compared to the previous trading day's close of $70.44. Other companies within the Transportation industry that increased today were:

DS Torm

(

TRMD

), up 14.6%,

Scorpio Tankers Inc

(

STNG

), up 12.7%,

Greenbrier Companies Inc

(

GBX

), up 9.4%, and

Ship Finance International

(

SFL

), up 9.3%.

Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. Norfolk Southern Corporation has a market cap of $24.08 billion and is part of the

services

sector. The company has a P/E ratio of 13.7, below the average transportation industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 12.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates Norfolk Southern as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider

iShares Dow Jones Transportation

(

IYT

) while those bearish on the transportation industry could consider

ProShares UltraShort Industrials

(

SIJ

).

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