Norfolk Southern Corporation (NSC): 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.

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 0.7%. By the end of trading, Norfolk Southern Corporation rose $1.02 (1.1%) to $96.27 on light volume. Throughout the day, 1,290,843 shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 2,319,600 shares. The stock ranged in a price between $95.08-$96.59 after having opened the day at $95.57 as compared to the previous trading day's close of $95.25. Other companies within the Transportation industry that increased today were: Marten Transport ( MRTN), up 4.7%, ModusLink Global Solutions ( MLNK), up 4.2%, USA Truck ( USAK), up 4.0% and Paragon Shipping ( PRGN), up 3.9%.

Norfolk Southern Corporation, together with its subsidiaries, is engaged in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2013, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. Norfolk Southern Corporation has a market cap of $31.2 billion and is part of the services sector. Shares are up 2.6% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Norfolk Southern Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Norfolk Southern Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Providence & Worcester Railroad Company ( PWX), down 4.5%, Republic Airways Holdings ( RJET), down 3.0%, Box Ships ( TEU), down 2.2% and Globus Maritime ( GLBS), down 2.2% , were all laggards within the transportation industry with JetBlue Airways Corporation ( JBLU) being today's transportation industry laggard.

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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