The Nasdaq has decreased 0.5%, the S&P 500 has declined 0.3% and the Dow is unchanged so far today. 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) has changed little on a quiet day for the overall market. These are the biggest movers in the sector currently:
|Company||Market Cap||Percentage Change|
|Navios Maritime Partners (NYSE:NMM)||$801.3 million||-3.7%|
|Copa Holdings (NYSE:CPA)||$4.18 billion||+3%|
|Greenbrier (NYSE:GBX)||$510.8 million||+2.4%|
|Ryanair Holdings plc (Nasdaq:RYAAY)||$9.96 billion||+2.3%|
|Seaspan (NYSE:SSW)||$1.05 billion||-2.2%|
|Kirby (NYSE:KEX)||$3.23 billion||-1.6%|
|Grupo Aeroportuario del Pacifico (NYSE:PAC)||$2.89 billion||+1.4%|
Beginner's Guide To NinjaTrader Trading Software
Navios Maritime Partners (NYSE:NMM) is trading at $12.84 per share, down 3.7%. The company is currently trading a volume of 220,482 shares.
Rising 3%, Copa Holdings (NYSE:CPA) is currently trading at $97.13 per share. This morning, 183,830 shares have been traded, with trading activity in keeping with yesterday's.
After an increase of 2.4%, Greenbrier (NYSE:GBX) has reached a current price of $19.27. The company's volume for the day so far is 258,840 shares. This is 0.7 times its current three-month average.
Ryanair Holdings plc (Nasdaq:RYAAY) has risen 2.3% and is currently trading at $35.39 per share. The company's volume is currently 800,562 shares for the day, 2.9 times the average daily volume.
Seaspan (NYSE:SSW) has fallen 2.2% and is currently trading at $16.32 per share. So far today, the company's volume is 18,660 shares.
Kirby (NYSE:KEX) has decreased to $56.93 per share, a 1.6% fall. At 90,132 shares, the company's volume so far today is which is likely to result in less activity than yesterday's volume of 558,887 shares.
Grupo Aeroportuario del Pacifico (NYSE:PAC) has moved up 1.4% and is currently trading at $52.25 per share. So far today, the company's volume is 7,274 shares. This is 0.1 times its average volume over the past three months.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.