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Struggling transport stocks may be enjoying a lift today on Citi's upgrade of the sector. "While...

Struggling transport stocks may be enjoying a lift today on Citi's upgrade of the sector. "While there have been several negative profit pre-announcements of late, they appear to be priced in already," Citi says, noting transports typically do well from October through April. Trucking stocks: ABFS +6.3%, JBHT +1.7%, ODFL +1.4% CNW +1.4%. Rails: NSC +2%, UNP +1.4%.
Comments (1)
  • KenCharles
    , contributor
    Comment (1) | Send Message
     
    I am a retired investor who enjoys watching the ups and downs of the stock market, and one of the stocks that I follow closely is Conway (CNW). I am no expert in predicting stock market movements and I am even less knowledgeable about the technical aspects of stocks.

     

    But the one deterrent I see for the transport stocks with any major movement in the stock market is the rising price of oil. It seems like whenever there has been any glimmer of hope for the market in the past couple of years, the price of oil rises and I see that pattern continuing in the near future. Since transport stock profits are very dependent on the cost of fuel, I am not as bullish on these stocks as others seem to be.

     

    Am I being too cautious?????
    25 Sep 2012, 12:03 PM Reply Like
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