Alaska Air Group Inc. (ALK): Today's Featured Transportation Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Alaska Air Group ( ALK) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day up 0.2%. By the end of trading, Alaska Air Group rose $0.58 (1.0%) to $58.49 on light volume. Throughout the day, 511,676 shares of Alaska Air Group exchanged hands as compared to its average daily volume of 1,100,200 shares. The stock ranged in a price between $57.88-$59.02 after having opened the day at $57.88 as compared to the previous trading day's close of $57.91. Other companies within the Transportation industry that increased today were: Paragon Shipping ( PRGN), up 18.5%, TOP Ships ( TOPS), up 10.4%, Frontline ( FRO), up 7.7% and Ultrapetrol Bahamas ( ULTR), up 6.0%.

Alaska Air Group, Inc., through its subsidiaries, provides scheduled air transportation for passengers and cargo. Alaska Air Group has a market cap of $4.1 billion and is part of the services sector. Shares are up 34.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Alaska Air Group a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alaska Air Group as a buy. 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Newlead Holdings ( NEWL), down 7.2%, Universal Truckload Services ( UACL), down 6.1%, China Metro-Rural Holdings ( CNR), down 4.9% and Sino-Global Shipping America ( SINO), down 4.4%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

American, Spirit and United Get Downgrades as Ticket Pricing War Rages

Airlines Will Have Some Explaining to Do With Stock Prices Down Sharply

Alaska Air, Corcept Therapeutics, First Solar: 'Mad Money' Lightning Round

Markets Focus on Business: Cramer's 'Mad Money' Recap (Monday 8/28/17 )

Solar Eclipse Offers Airlines a Shot at Boosting Profits