NEW YORK ( TheStreet) -- The Dow Jones Transportation Average has the weakest year-to-date performance of the major equity indices I follow. Transports are up just 1.1% so far in 2012, while the Dow Jones Industrial Average is up 7.4%, the Russell 2000 has gained 9.4%, the S&P 500 has risen 12.2% and the Nasdaq is up 18.0%. Stubbornly high fuel costs remain an issue for the Transportation sector, which is just 3.1% undervalued, according to www.ValuEngine.com. Today I profile the 20 stocks that are tracked by the iShares Dow Jones Transportation Average ( IYT). Five of the stocks are airlines, four are railroads, three are truckers, two are in air & ground freight and package deliveries, five are in transportation services & equipment leasing, and one is in ocean shipping. The Dow transports are up 28.4% from their October 2011 low at 3950.66 but are down 9.9% from their all-time high of 5627.85 set on July 7, 2011. The decline from the all-time high to the October 2011 low was 29.8%. The weekly chart for the Dow Jones Transportation Average now shows a declining momentum (12x3x3 weekly slow stochastic) reading falling to 60.93 from 62.39. The weekly chart will shift to negative on a close this week below its five-week modified moving average at 5124. My semiannual value levels are 4449 and 4129 with a weekly pivot at 5051 and a monthly risky level at 5373.
Source: Thomson Reuters The above pop-up table shows data from www.ValuEngine.com covering the 20 stocks in the Dow Jones Transportation Average.
Last 12-Month Return (%): Stocks with a red number declined by that percentage over the past 12 months. Stocks with a black number rallied by that percentage over the past 12 months. Forecast One-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.
Kansas City Southern ($77.16) tested a multiyear high at $79.50 on May 1. My monthly value level is $73.32 with a quarterly risky level at $80.95. Norfolk Southern ( NSC) ($73.37): My semiannual value level is $68.50 with an annual risky level at $77.92. Union Pacific ($123.65) tested a multiyear high at $126.91 on Aug. 3. My quarterly value level is $118.06, with monthly and quarterly risky levels at $124.67 and $132.91, respectively. United Parcel Service ($75.26) My semiannual and annual value levels are $70.89 and $67.19, respectively, with a weekly pivot at $75.30 and monthly, quarterly and annual risky levels at $78.96, $81.50 and $90.02, respectively. At the time of publication, Suttmeier had no positions in stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.