Fri, Jun. 17, 7:24 PM
- SPDR S&P Healthcare Services ETF (NYSEARCA:XHS) $0.0392. 30-Day Sec yield of 0.28%.
- SPDR S&P Metals & Mining ETF (NYSEARCA:XME) $0.0779. 30-Day Sec yield of 1.25%.
- SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) $0.0731. 30-Day Sec yield of 0.99%.
- SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) $0.0684. 30-Day Sec yield of 0.70%.
- SPDR S&P Retail ETF (NYSEARCA:XRT) $0.1523. 30-Day Sec yield of 1.32%.
- SPDR S&P Semiconductor ETF (NYSEARCA:XSD) $0.1018. 30-Day Sec yield of 0.66%.
- SPDR S&P Software & Services ETF (NYSEARCA:XSW) $0.0291. 30-Day Sec yield of 0.18%.
- SPDR MSCI USA Quality Mix ETF (NYSEARCA:QUS) $0.3275. 30-Day Sec yield of 2.07%.
- SPDR S&P Telecom ETF (NYSEARCA:XTL) $0.1828. 30-Day Sec yield of 1.18%.
- SPDR S&P Transportation ETF (NYSEARCA:XTN) $0.1014. 30-Day Sec yield of 0.78%
- Payable June 27; for shareholders of record June 21; ex-div June 17. 30-Day Sec yield as of 6/16/16.
Wed, Apr. 6, 12:07 PM
- Transportation stocks have decoupled from broad market averages this week on some macroeconomic concerns.
- Notable movers include Heartland Express (HTLD -2.3%), Universal Truckload Services (UACL -3.8%), Kansas City Southern (KSU -1.7%), CSX Corp (CSX -1%), Genesee & Wyoming (GWR -1%), Spirit Airlines (SAVE -0.7%), Allegiant Travel (ALGT -2.7%), Ryder System (R -1.4%), and Werner Enterprises (WERN -1.2%).
- Related ETFs: IYT, XTN
- Now read U.S. Equity And Economic Review: Could We Rally From Here? Edition
Fri, Mar. 18, 3:38 PM
- SPDR S&P Transportation ETF (NYSEARCA:XTN) - quarterly distribution of $0.0804. 30-Day Sec yield of 0.74% (as of 3/16/2016).
- SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) - quarterly distribution of $0.0107. 30-Day Sec yield of 0.37% (as of 3/16/2016).
- SPDR Russell 1000 Low Vol ETF (NYSEARCA:LGLV) - quarterly distribution of $0.3917. 30-Day Sec yield of 2.51% (as of 3/16/2016).
- SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) - quarterly distribution of $0.3675. 30-Day Sec yield of 1.75% (as of 3/16/2016).
- SPDR S &P 1500 Value Tilt ETF (NYSEARCA:VLU) - quarterly distribution of $0.4496. 30-Day Sec yield of 2.38% (as of 3/16/2016).
- SPDR S&P 500 High Dividend ETF (NYSEARCA:SPYD) - quarterly distribution of $0.2772. 30-Day Sec yield of 4.15% (as of 3/16/2016).
- SPDR S&P 500 Fossil Fuel Free ETF (SPYX) - quarterly distribution of $0.2381. 30-Day Sec yield of 1.88% (as of 3/16/2016).
- SPDR Russell 1000 Momentum Focus ETF (NYSEARCA:ONEO) - quarterly distribution of $0.2556.
- SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) - quarterly distribution of $0.3144.
- SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) - quarterly distribution of $0.4792.
- SPDR SSGA Gender Diversity Index ETF (SHE) - quarterly distribution of $0.0731.
- All are payable Mar. 29; for shareholders of record Mar. 22; ex-div Mar. 18.
Dec. 18, 2015, 5:59 PM
Dec. 2, 2015, 12:17 PM
- Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
- Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
- A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
- United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
- The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
- Related ETFs: IYT, XTN, JETS.
Oct. 13, 2015, 1:12 PM
- Transportation stocks are weak today on macroeconomic concerns and with a guidance cut from Ryder capturing some attention. Investment firms have also chipped away at the airline and railroad sectors with downgrades and price target revisions.
- The move lower includes a wide variety of trucking, freight, and logistics stocks. FedEx (FDX -1.4%), Norfolk Southern (NSC -1.5%), CSX Corporation (CSX -1.7%), Knight Transportation (KNX -4.8%), J.B. Hunt Transport Services (JBHT -2.4%), Landstar System (LSTR -1.5%), Heartland Express (HTLD -2.7%), Air Transport Services Group (ATSG -1.6%), Allegiant Travel (ALGT -3.4%), Virgin America (VA -4.3%), and Hub Group (HUBG -2.9%) are all lower than broad market averages.
- The Dow Jones Transportation Average is off 1.76% vs. the S&P 500 -0.26%.
- Related ETFs: IYT, XTN.
Sep. 18, 2015, 1:44 PM
Sep. 3, 2015, 3:12 PM
- How bad a year has it been for multi-industry stocks? Year-to-date underperformance relative to the S&P 500 is among the poorest in a decade and has gotten worse in recent weeks, say Goldman analyst Joe Ritchie and team. The negative news is no secret: Broad industrial de-stock, softening oil capex, the strong dollar, and the troubles in China. Because of this, the team remains Neutral on the beaten-up sector, but does have a few names investors should steer clear of:
- With de-stock keeping U.S. industrial growth in a "headlock," the implications are particularly negative for Sell-rated Emerson Electric (NYSE:EMR), WW Grainger (NYSE:GWW), and Neutral-rated Parker-Hannifin (NYSE:PH) and Rockwell Automation (NYSE:ROK).
- With oil capex going from bad to worse, and oil lower for longer, the Street is underestimating the impact of price declines for Dover (NYSE:DOV), Emerson, and Flowserve (NYSE:FLS). On the flip side, lower input costs should be a boon to Buy-rated Illinois Tool Works (NYSE:ITW) and Neutral-rated 3M (NYSE:MMM).
- The weaker China backdrop is most negative for Emerson, and Neutral-rated Eaton (NYSE:ETN) and Colfax (NYSE:CFX). Though Buy-rated Honeywell (NYSE:HON) and ITT Corp (NYSE:ITT) have exposure, growth is more insulated due to their market share gains.
- Source: Barron's Ben Levinsohn
- ETFs: XHB, ITB, XLI, PHO, IYT, ITA, VIS, PPA, XTN, XAR, FIDU, PKB, IYJ, FXR, UXI, PRN, RGI, SIJ, PSCI, AIRR
Aug. 28, 2015, 10:50 AM
- UBS lines up three transportation stocks it sees as trading at attractive valuations.
- FedEx (FDX -0.2%): The shipping giant trades at a discount to UPS and is leveraged to e-commerce growth, notes the investment firm. The UBS price target of $195 implies 27% upside potential.
- Knight Transportation (KNX +2.9%): Lower fuel costs and strong GDP numbers bode well for the trucking stock. UBS has a price target of $33.
- Kansas City Southern (KSU +0.9%): UBS thinks additional capacity could make a difference for the railroad. A 19% breakout for shares to $111 is seen.
- Related ETFs: IYT, XTN.
Jun. 19, 2015, 2:16 PM
May 15, 2015, 11:02 AM
- Dow Theory types have something to worry about thanks to a widening spread between the record-setting DJIA (NYSEARCA:DIA) and the underperforming Dow Jones Transportation Average (XTN, IYT).
- The divergence began last November when the Transports hit a record-high. Since, the Transports are down 6.7% while the DJIA is ahead more than 2%.
- The editor of TheDowTheory.com, Jack Schannep found 14 instances of wide divergences over the last 25 years. In nine of them, the broader market subsequently declined by less than 10%, but in the other five, the fall averaged 25.7%, i.e. a full-scale bear market.
- ETFs: DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
Mar. 20, 2015, 2:24 PM
Dec. 19, 2014, 1:44 PM
Jun. 30, 2014, 6:53 PM
- Barclays upgrades its view of the transportation sector to positive, as an improving fundamental backdrop is set to drive meaningful earnings expansion across a broad array of transport companies.
- Among signs of improving fundamentals: rail volume up 7%, U.S. trucking demand up 3%-4%, small package markets up 5%, and global trade up 5%-6% - all implying strong industrial demand.
- Sector valuations are the highest since the 2009 recession and has outperformed YTD, but with Q2 results ripe to usher in more bullish sentiment in the space, Barclays expects valuations could have further to run as markets discount a more robust outlook.
- The firm's top recommendations in sector are UNP, UPS, SWFT, CP and JBHT, while also upgrading CNI and NSC to Overweight, adding more exposure to the favorable North American rail vertical.
- ETFs: IYT, XTN.
Jan. 24, 2014, 12:08 PM
- Previously immune to the selloff in the broader averages, things catch up to the Dow Transports Index (IYT -3%), with today's decline following yesterday's new all-time record.
- Richard Russell alert? Followers of Dow Theory like to see industrials and transports moving together to confirm a trend. Prior to today's action the DJIA (DIA -1.2%) was down 2.3% YTD while the transports were up 2.3% - giving hope the broad market might be set to reverse course. Today's slump though, brings the transports into the red for the year.
- Another transport ETF is the XTN.
- DJIA ETFs: DIA, DOG, DXD, UDOW, SDOW, DDM
Oct. 7, 2011, 1:09 PM
Sterne Agee gets a tepid response from the market after initiating the airliners today: AMR (AMR -0.6%), Allegiant Travel (ALGT -2%), Delta (DAL -2%), JetBlue (JBLU -0.2%) and United Continental (UAL -3.2%) are all started with buys, and US Airways (LCC -3%) and Southwest Airlines (LUV -4%) are initiated with a neutral.| Oct. 7, 2011, 1:09 PM
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