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iShares Transportation Average ETF (IYT)

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  • Aug. 14, 2012, 1:05 PM
    Doug Kass continues net short into this rising market, noting the S&P - back at its spring highs - could be making a triple top. Also of interest, the Transports (IYT) and Small-caps (IWM) have sharply diverged from SPY's solid performance over the past month. Then there's the VIX - it's rarely paid to buy stocks when it's been this low, he says.
    | 10 Comments
  • Jan. 19, 2012, 9:40 AM
    Defining overbought as being more than 5% above a 50-day moving average, Bespoke says 24% of tracked ETFs fit the bill. Leading the list is the homebuilders (XHB), more than 13% above its 50 day MA; Brazil (EWZ) leads the country ETFs, 8.2% above. A few more days of market gains and look for talk about the entire market being overbought.
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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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  • Aug. 16, 2011, 2:18 PM
    Ed Yardeni looks at the 26-week moving average of railcar loadings, and he thinks it shows the economy may be coming out of its soft patch, despite prior divergences between the measure and transport stocks (IYT -1.7%) that sometimes have foreshadowed a recession. Loading activity has rebounded to its best reading since December.
    | 5 Comments
  • Jun. 2, 2011, 3:51 PM
    A breath of economic exuberance: Union Pacific (UNP +1.4%) CEO James Young says his company has seen no evidence of a slowdown, and believes second-half freight shipments will exceed first-half results. UNP and other railroads lifting transports (IYT +0.4%): KSU +2.8%, CSX +1.2%, NSC +1.2%.
    | 9 Comments
  • Mar. 21, 2011, 5:10 PM
    Despite oil’s rise, airline stocks (IYT +2.2%) gained altitude today, as Maxim Group's Ray Neidl expects a spring rally in airlines with the worst winter weather behind the industry and strong demand allowing carriers to pass through increased fuel costs to consumers. "Fuel costs may be near their top, which should provide U.S. carriers with a very strong 2012 as fares continue to rise."
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  • Mar. 7, 2011, 4:42 PM
    Airline stocks (IYT) mostly moved higher today, bucking rising oil prices and the falling stock market. Researcher Maxim says recent meetings with carriers indicate continued strong demand for seats, and if pricing remains firm, airlines could rally from depressed levels despite rising fuel costs. UAL +4.7%, DAL +1.8%, AMR +1.1%, LCC +0.2%.
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  • Mar. 3, 2011, 9:54 AM
    Airline stocks (IYT) soar after US Airways (LCC +4.6%) says February fare hikes were enough to offset the recent jump in fuel prices. Also: UAL +3.7%, AMR +1.1%, DAL +1.5%, LUV +1.6%, JBLU +2.6%. Nymex crude -1.1% to $101.11.
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  • Feb. 7, 2011, 2:56 PM
    Dry bulk shippers take a hit after Dahlman Rose downgrades Eagle Bulk (EGLE -3.7%), Paragon (PRGN -1.2%), FreeSeas (FREE +2.8%), Navios Maritime (NM -2.7%) and Genco (GNK -1.4%), noting the freight market is on the decline, loan-to-value ratios are worrying, and spot rates are in dangerous territory.
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  • Feb. 3, 2011, 9:23 AM
    Chart watchers note a growing divergence between transportation stocks and the broader stock market. The headline rally in the Dow Industrials (or S&P 500) is not confirmed by similar gains in the Dow Transports (DJT) or iShares Transportation ETF (IYT).
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  • Jan. 31, 2011, 8:03 AM
    Shipping lines are canceling trips to U.S. ports as inflation in China is pricing many of its goods too high for Western buyers. A continuation of the trend is likely to ease the $275B trade imbalance, but a slowdown in trade is rarely good news for any economy.
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  • Jan. 25, 2011, 8:27 AM
    Deutsche Bank reshuffles its ratings on shipping stocks, upgrading Frontline (FRO +1.5%) and Teekay Tankers (TNK) to Buy from Hold and calling both 'best-in-class operators.' Deutsche downgrades Genco (GNK -3.2%) to Hold from Buy, given Genco's spot exposure and what "will likely be a weak dry bulk market in the near-to-intermediate term."
    | 1 Comment
  • Mar. 9, 2010, 3:13 PM
    Airline stocks soar as United Airlines' (C +6.8%) CFO and Continental (CAL +5.2%) CEO say corporate travelers were starting to return and unit revenue growth jumped in February. (ETF: IYT)
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  • Feb. 22, 2010, 3:14 PM
    Sector ETF strength: Regional Banks– RKH +2.3%. Commercial Banks– KBE +2.3%. Financials– XLF +1.5%. Coal– KOL +1%. Transports– IYT +1%.
    Sector ETF weakness: Solar– KWT -1.6%. Biotech– BBH -1.2%. Energy– XLE -1.1%. Agriculture– DBA -0.9%.
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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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