Investors interested in the platinum group of metals will want to keep a close watch on the auto and truck sales numbers slated to be released on Tuesday. Due to their extensive use in the production of catalytic converters, PALL and the platinum-linked ETFS Physical Platinum Shares ( PPLT) tend to move in correlation to the automotive industry.
The fear of rising fuel costs weighed heavily on the airline industry resulting in a steep tumble for the FAA. In the past, I have warned long-term investors that FAA is a dangerously top-heavy fund. Together, Southwest ( LUV), United Continental ( UAL), and Delta ( DAL)account for over 40% of its total portfolio. Investors looking for a safer way to access transports stocks should turn to the iShares Dow Jones Transportation Average Index Fund ( IYT).