Today's Stocks Driving Success For 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Transportation industry currently sits down 0.6% versus the S&P 500, which is unchanged.

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

3. Canadian National Railway ( CNI) is one of the companies pushing the Transportation industry higher today. As of noon trading, Canadian National Railway is up $0.43 (0.7%) to $65.71 on average volume. Thus far, 354,453 shares of Canadian National Railway exchanged hands as compared to its average daily volume of 857,000 shares. The stock has ranged in price between $65.27-$66.05 after having opened the day at $65.37 as compared to the previous trading day's close of $65.28.

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business in North America. Canadian National Railway has a market cap of $53.5 billion and is part of the services sector. Shares are up 14.5% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Canadian National Railway a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Canadian National Railway 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, Norfolk Southern ( NSC) is up $0.82 (0.8%) to $103.37 on average volume. Thus far, 953,457 shares of Norfolk Southern exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $102.31-$103.54 after having opened the day at $103.08 as compared to the previous trading day's close of $102.55.

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 has a market cap of $31.9 billion and is part of the services sector. Shares are up 10.5% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Norfolk Southern a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Norfolk Southern as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Norfolk Southern 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, Canadian Pacific Railway ( CP) is up $2.98 (1.6%) to $183.18 on average volume. Thus far, 370,603 shares of Canadian Pacific Railway exchanged hands as compared to its average daily volume of 839,300 shares. The stock has ranged in price between $182.04-$184.34 after having opened the day at $183.84 as compared to the previous trading day's close of $180.20.

Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. Canadian Pacific Railway has a market cap of $31.7 billion and is part of the services sector. Shares are up 19.1% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Canadian Pacific Railway a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Pacific Railway 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, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Canadian Pacific Railway 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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