The market is currently up, with the Nasdaq climbing 0.9%, the S&P 500 increasing 0.5% and the Dow up 0.2%. The transportation sector is a category of stocks relating to the transportation of goods or customers. It is made up of airlines, railroads and trucking companies. The performance of the transportation sector is sensitive to the price of oil. Because operations revolve around the use of vehicles, fuel prices represent a significant cost to transportation companies. As the price of oil rises, transportation companies will be expected to earn less. Inversely, these companies do well when the cost of fuel decreases.
The Transportation sector (IYT) is down 0.5% on a good day for the market overall. The biggest movers in the sector so far are:
|Company||Market Cap||Percentage Change|
|Air (Nasdaq:AIRM)||$1.35 billion||+4.9%|
|Navios Maritime Partners (NYSE:NMM)||$877.6 million||-4.5%|
|GulfMark Offshore (NYSE:GLF)||$816.1 million||+2.8%|
|Hornbeck Offshore Services (NYSE:HOS)||$1.17 billion||+2%|
|China Eastern Airlines Corp. Ltd (NYSE:CEA)||$3.81 billion||+1.9%|
|Teekay (NYSE:TK)||$2.19 billion||-1.8%|
|Grupo Aeroportuario del Sureste (NYSE:ASR)||$3.03 billion||+1.6%|
After an increase of 4.9%, Air (Nasdaq:AIRM) has reached a current price of $109.33. The company's volume is currently 96,592 shares for the day, 1.2 times the current daily average.
After a decline of 4.5%, Navios Maritime Partners (NYSE:NMM) has hit a share price of $13.94. The company's volume for the day so far is 311,082 shares.
GulfMark Offshore (NYSE:GLF) has increased to a share price of $31.13, a 2.8% rise. With 128,459 shares changing hands so far today, the company's volume is 0.7 times its average over the past three months.
Hornbeck Offshore Services (NYSE:HOS) is at $33.64 per share after an increase of 2%. So far today, the company's volume is 183,315 shares. At this rate, trading activity will likely be down from yesterday when 799,772 shares changed hands.
China Eastern Airlines Corp. Ltd (NYSE:CEA) is currently trading at $17.23 per share, a 1.9% increase. At 4,348 shares, the company's volume so far today is 0.2 times the average daily volume.
Teekay (NYSE:TK) has decreased to $31.04 per share, a 1.8% fall. So far today, the company's volume is 416,270 shares.
Grupo Aeroportuario del Sureste (NYSE:ASR) is up 1.6% to reach a current price of $102.62 per share. The company's volume is currently 15,855 shares for the day, 0.2 times the average volume over the last three months.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.