3 Stocks Driving The Transportation 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 52 points (0.3%) at 17,129 as of Tuesday, Aug. 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,998 issues advancing vs. 975 declining with 164 unchanged.

The Transportation industry currently is unchanged today versus the S&P 500, which is up 0.2%.

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 $0.69 (1.0%) to $70.65 on average volume. Thus far, 386,624 shares of Canadian National Railway exchanged hands as compared to its average daily volume of 838,400 shares. The stock has ranged in price between $70.24-$70.74 after having opened the day at $70.37 as compared to the previous trading day's close of $69.96.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $56.9 billion and is part of the services sector. Shares are up 22.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Canadian National Railway a buy, no analysts rate it a sell, and 8 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, growth in earnings per share, increase in net income and expanding profit margins. 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.

STOCKS TO BUY: 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, Golar LNG ( GLNG) is up $1.72 (2.6%) to $66.36 on heavy volume. Thus far, 1.4 million shares of Golar LNG exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $64.27-$67.76 after having opened the day at $64.64 as compared to the previous trading day's close of $64.64.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, is engaged in the transportation, regasification and liquefaction, and trading of LNG. The company operates in two segments, Vessel Operations and Commodity Trading. Golar LNG has a market cap of $5.2 billion and is part of the services sector. Shares are up 78.1% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Golar LNG a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Golar LNG as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Golar LNG Ratings Report now.

STOCKS TO BUY: 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 $1.05 (0.5%) to $200.79 on light volume. Thus far, 229,638 shares of Canadian Pacific Railway exchanged hands as compared to its average daily volume of 787,900 shares. The stock has ranged in price between $200.24-$201.23 after having opened the day at $200.62 as compared to the previous trading day's close of $199.74.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $34.5 billion and is part of the services sector. Shares are up 32.0% year-to-date as of the close of trading on Monday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Canadian Pacific Railway Ratings Report now.

STOCKS TO BUY: 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).

null

More from Markets

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs