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SPDR S&P Transportation ETF (XTN)

  • Dec. 19, 2014, 1:44 PM
    • SPDR S&P Transportation ETF (NYSEARCA:XTN) announces quarterly distribution of $0.171.
    • 30-Day Sec yield of 0.25% (as of 12/17/2014).
    • Payable Dec 30; for shareholders of record Dec 23; ex-div Dec 19.
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  • 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.
    | 1 Comment
  • 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.
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  • 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.
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  • Sep. 7, 2011, 12:31 PM
    Fitch Ratings keeps its transportation-related ratings unchanged saying signs in the sector point to an economy growing, albeit at a slower rate. The usual suspects - higher oil and commodity prices, lower government spending and consumer tightening - were pinned by Fitch as leading causes for a slowdown in transportation activity.
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  • Aug. 25, 2011, 6:05 PM
    Airline shares took a hit today as investors anticipate a wave of flight cancellations due to Hurricane Irene. The ripple effects are likely to be felt across the country as flights become grounded throughout major U.S. travel corridors. United Continental (UAL -2.9%), AMR (AMR -2.9%), Delta (DAL -5.8%).
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  • Jul. 6, 2011, 3:11 PM
    Arkansas Best (ABFS +9.6%) pops after saying it will increase freight rates by 6.9%, and winning an appeal to continue a lawsuit seeking $750M in damages from the Teamsters and other trucking companies.
    | Comment!
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XTN Description
The SPDR® S&P® Transportation ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Transportation Select Industry Index (index ticker: SPSITN). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs. 
See more details on sponsor's website
Sector: Services
Country: United States
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