3 Transportation Stocks Driving The Industry Higher

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Transportation industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Air Methods ( AIRM), up 11.3%, and Ryanair Holdings ( RYAAY), up 0.6%.

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

3. Spirit Airlines ( SAVE) is one of the companies pushing the Transportation industry higher today. As of noon trading, Spirit Airlines is up $0.84 (1.3%) to $65.86 on light volume. Thus far, 245,609 shares of Spirit Airlines exchanged hands as compared to its average daily volume of 902,200 shares. The stock has ranged in price between $63.93-$66.12 after having opened the day at $65.04 as compared to the previous trading day's close of $65.02.

Spirit Airlines, Inc. provides low-fare airline services. It operates approximately 250 daily flights to 50 destinations in the United States, Caribbean, and Latin America. Spirit Airlines has a market cap of $4.7 billion and is part of the services sector. Shares are up 43.2% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Spirit Airlines a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Spirit Airlines as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Spirit 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.

2. As of noon trading, Kansas City Southern ( KSU) is up $0.68 (0.6%) to $108.08 on light volume. Thus far, 265,240 shares of Kansas City Southern exchanged hands as compared to its average daily volume of 755,100 shares. The stock has ranged in price between $107.22-$108.78 after having opened the day at $107.89 as compared to the previous trading day's close of $107.40.

Kansas City Southern, through its subsidiaries, engages in the freight rail transportation business. Kansas City Southern has a market cap of $12.0 billion and is part of the services sector. Shares are down 13.3% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Kansas City Southern a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Kansas City Southern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Kansas City 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, JetBlue Airways ( JBLU) is up $0.28 (2.5%) to $11.41 on average volume. Thus far, 5.1 million shares of JetBlue Airways exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $11.01-$11.43 after having opened the day at $11.19 as compared to the previous trading day's close of $11.13.

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services in the United States, the Caribbean, and Latin America. As of December 31, 2013, it operated a fleet of 4 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 EMBRAER 190 aircraft. JetBlue Airways has a market cap of $3.2 billion and is part of the services sector. Shares are up 27.9% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate JetBlue Airways a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates JetBlue Airways as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full JetBlue Airways 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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