After the morning's trading, the Nasdaq has been relatively flat, the S&P 500 has increased 0.2% and the Dow has risen 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.
These are the biggest movers in the Transportation sector (IYT) (+0.2%):
|Company||Market Cap||Percentage Change|
|GulfMark Offshore (NYSE:GLF)||$839.2 million||+7.1%|
|China Eastern Airlines Corp. Ltd (NYSE:CEA)||$4.06 billion||+3.4%|
|Greenbrier (NYSE:GBX)||$530.6 million||-2.5%|
|Golar LNG Limited (Nasdaq:GLNG)||$3.04 billion||-2.4%|
|China Southern Airlines Limited (NYSE:ZNH)||$4.6 billion||+2.4%|
|Huntington Ingalls Industries (NYSE:HII)||$2.04 billion||+2.4%|
|Knight (NYSE:KNX)||$1.15 billion||-2.1%|
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Rising 7.1%, GulfMark Offshore (NYSE:GLF) is currently trading at $33.35 per share. So far this morning, 179,324 shares have changed hands. This is 0.8 times the current daily average.
Increasing 3.4%, China Eastern Airlines Corp. Ltd (NYSE:CEA) is trading at $18.62 per share. So far today, 5,656 shares have changed hands, consistent with the volume from yesterday.
Falling 2.5%, Greenbrier (NYSE:GBX) is currently at a share price of $19.07. So far today, the company's volume is 319,845 shares.
Golar LNG Limited (Nasdaq:GLNG) has fallen 2.4% and is currently trading at $36.85 per share. The company's volume for the day so far is 114,476 shares, 0.2 times its current three-month average.
China Southern Airlines Limited (NYSE:ZNH) is up 2.4% to reach a current price of $24 per share. The company's volume for the morning is 4,940 shares. This is 0.3 times its average daily volume.
Huntington Ingalls Industries (NYSE:HII) has risen 2.4% to hit a current price of $42.01 per share. The company's volume is currently 144,171 shares for the day, on pace to finish the day below yesterday's volume of 438,538 shares.
Knight (NYSE:KNX) is currently trading at a share price of $14.16, a 2.1% decline. The company's volume for the day so far is 304,842 shares.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.