3 Transportation Stocks Pushing Industry Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Transportation industry currently sits up 0.4% versus the S&P 500, which is up 0.3%. A company within the industry that increased today was Delta Air Lines ( DAL), up 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. 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 $2.11 (3.7%) to $58.57 on heavy volume. Thus far, 480,287 shares of Old Dominion Freight Lines exchanged hands as compared to its average daily volume of 553,800 shares. The stock has ranged in price between $56.95-$59.36 after having opened the day at $56.96 as compared to the previous trading day's close of $56.46.

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in North America. It provides regional, inter-regional, and national LTL services; and other logistics services. Old Dominion Freight Lines has a market cap of $4.9 billion and is part of the services sector. Shares are up 7.5% year-to-date as of the close of trading on Wednesday. Currently there are 5 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Old Dominion Freight Lines Ratings Report now.

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

2. As of noon trading, CSX ( CSX) is up $0.20 (0.7%) to $28.36 on average volume. Thus far, 2.6 million shares of CSX exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $28.06-$28.46 after having opened the day at $28.31 as compared to the previous trading day's close of $28.16.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. CSX has a market cap of $28.3 billion and is part of the services sector. Shares are down 2.1% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate CSX a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CSX Ratings Report now.

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

1. As of noon trading, Southwest Airlines ( LUV) is up $0.32 (1.3%) to $24.40 on average volume. Thus far, 4.8 million shares of Southwest Airlines exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $23.51-$24.45 after having opened the day at $24.33 as compared to the previous trading day's close of $24.08.

Southwest Airlines Co. operates passenger airlines that provide scheduled air transportation services in the United States. As of December 31, 2012, the company operated 694 aircraft, including 606 Boeing 737 aircraft and 88 Boeing 717 aircraft. Southwest Airlines has a market cap of $16.5 billion and is part of the services sector. Shares are up 27.8% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Southwest Airlines a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Southwest Airlines Ratings Report now.

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 are interested in one of these 3 stocks, 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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