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iShares Transportation Average ETF (IYT)

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  • Nov. 12, 2013, 12:10 PM
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  • Jul. 9, 2013, 11:10 AM
    Shares of UPS (UPS +2.2%) ride the coattails of FedEx higher without any direct news on the company out. With the significant help of the air freight stocks, the Dow Jones Transports (IYT +2.5%) ETF is having itself a nice little day.
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  • Jul. 1, 2013, 11:32 AM
    Get out of transports (IYT), says Citigroup, noting the sector will be hard-pressed to continue its 400 basis point outperformance to the S&P 500 over the last quarter. In addition to expected cyclical weakening, Citi says seasonals don't favor transports during the summer. Also lowered to underweight is telecoms (XTL, IYZ) despite attractive valuations, as Citi believes technology will continue to erode pricing power.
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  • May 17, 2013, 8:13 AM
    Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF).
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  • Mar. 7, 2013, 3:17 PM
    Dow Theorists get chatty as both the DJIA (DIA) and DJ Transports (IYT) set all-time highs yesterday. "I've never seen anything like the action since the 2009 bottom," says Richard Russell. Ryan Detrick says when both averages make new highs near the same time, stocks tend to see strong returns over the following year.
  • Jan. 30, 2013, 9:11 AM
    Quick question: What's the biggest holding in the SPDR Retail ETF (XRT)? It's Netflix, with 1.68% of assets. Money poured into the XRT yesterday, with the fund growing AUM by 31.25% (Amazon is a 1.07% holding). The Transports (IYT) saw a big inflow, growing AUM by 17.9%. Losing funds was the SPDR Oil & Gas Explorers (XOP), down 15%.
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  • Sep. 29, 2012, 8:55 AM
    Stick the part from Dow Theory about the Transports and the DJIA needing to confirm each other in the same closet with your bell-bottoms, writes Jacqueline Doherty. Since the 1970s - as the U.S. has become a more service-oriented economy - the S&P 500 has gained an average 6.5% in the six months following a period (such as now) when the Transports have lagged. This handily beats the S&P's average 6-month gain of 4%.
  • Sep. 24, 2012, 11:10 AM
    Leading the bounce in the market today? It's the transports, IYT +0.9% as the S&P erases nearly all of its early loss. A dive in the transport index last week (and a general divergence from the S&P since the big rally started in June) has the Dow Theorists in a lather.
  • Sep. 12, 2012, 5:01 PM
    One leg of the bear case for stocks - the lagging performance of the transports (IYT) - may be getting knocked out. In the last week, transports have sharply outperformed, catching up to the SPY on a M/M basis. In fact, the broader - but obviously economically sensitive - cyclical index has led the way for the past 6 weeks. (h/t ukarlewitz)
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  • Sep. 3, 2012, 1:30 PM
    Technician Louise Yamada urges clients to keep stops tight as she watches equities with growing unease. "You could call it a vacuum rally," she says, characterized by short-covering, low volume, and deteriorating new highs vs. new lows. The lagging Transport Index (IYT) has her attention as well, but following this indicator kept some out of the big summer rally.
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IYT Description
The iShares Dow Jones Transportation Average Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.
See more details on sponsor's website
Sector: Services
Country: United States
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