From Taki Tsaklanos: One of sectors that is attracting a strong bid this week, after Trump’s victory, is the transportation sector. Obviously, the transportations are of strategic importance to the market as a whole, given the Dow Theory signals.
From Zacks: Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk announced that the company would continue to stick to its no-discount policy, and that employees should follow suit.
From BlackRock: The stars are seeming to align for more infrastructure spending in the U.S. and elsewhere. Head of Investment Strategy for U.S. iShares Heidi Richardson discusses whether this can happen and how investors can benefit.
The U.S. Global Jets ETF (NYSE:JETS) was on the rise this afternoon, following a regulatory filing from Southwest Airlines that indicated the carrier would slow capacity growth next year.
According to the New York Port, tech titan Apple Inc. (NASDAQ:AAPL) was recently in talks to invest in ride-sharing company Lyft.
NYSE:NSC, NYSE:UNP, NYSE:CSX, NYSE:NSC
NASDAQ:JBHT, NYSE:UNP, NYSE:UPS
NYSEARCA:IYT, NYSE:FDX, NYSE:UNP
NYSEARCA:IYT, NYSEARCA:XLF, NYSEARCA:ITB
NYSEARCA:AMLP, NYSEARCA:YMLP, NYSEARCA:MLPJ
NYSEARCA:FAA, NYSE:DAL, NYSE:LUV, NYSE:UAL
NYSE:AMJ, NYSE:AMLP, NYSE:KMI, NYSE:BPL, NYSE:EPD
If you subscribe to the theory that the the market is in recovery mode, than the transportation index should experience improvement. Don Dion (TheStreet.com) finds that “Recent strength is showing up as improved momentum, and IYT’s short-term momentum crossed into positive territory during the past week.