5 Stocks Advancing The Transportation Industry

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 16,380 as of Friday, Jan. 10, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,832 issues advancing vs. 1,123 declining with 123 unchanged.

The Transportation industry currently sits down 0.4% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Con-way ( CNW), up 5.5%, United Continental Holdings ( UAL), up 4.0%, Southwest Airlines ( LUV), up 1.7%, Canadian Pacific Railway ( CP), up 0.8% and Delta Air Lines ( DAL), up 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Old Dominion Freight Lines ( ODFL) is one of the companies pushing the Transportation industry higher today. As of noon trading, Old Dominion Freight Lines is up $1.25 (2.3%) to $54.94 on heavy volume. Thus far, 581,341 shares of Old Dominion Freight Lines exchanged hands as compared to its average daily volume of 601,700 shares. The stock has ranged in price between $54.52-$56.54 after having opened the day at $55.21 as compared to the previous trading day's close of $53.69.

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States and North America. It provides regional, inter-regional, and national LTL services. Old Dominion Freight Lines has a market cap of $4.6 billion and is part of the services sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 1.3% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Old Dominion Freight Lines a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Old Dominion Freight Lines 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, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Old Dominion Freight Lines Ratings Report now.

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