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%|
Forex Broker Summary: Forex Capital Markets (FXCM)
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.
EconomicsWe share some insights on how the recent terrorist attacks in Paris could impact the economy and markets going forward.
Options & FuturesInvesting during an economic downturn simply means changing your focus. Discover the benefits of defensive stocks.
Investing BasicsHeld onto a stock for too long? Selling at a loss is never ideal, but it is possible to minimize the damage. Here's how.
EconomicsWill remaining calm and staying long present significant risks to your investment health?
Stock AnalysisIs DKS a bargain here?
Investing NewsA third of Americans use an AT&T mobile phone. How did it evolve from a state-sponsored monopoly, though antitrust and a technological revolution?
Stock AnalysisHome Depot has outperformed the market by a wide margin in the last 12 months. Is this sustainable?
Stock AnalysisYelp investors have had reason to be happy recently. Will the good spirits last?
Stock AnalysisWalmart is enjoying a short-term rally. Is it sustainable? Is Amazon still a better bet?
Stock AnalysisAs a company that primarily sells discretionary products, GoPro and its potential falls right in line with consumer trends. Is that good or bad?
When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>