The transportation sector is one area of the stock market that is closely watched as a gauge of global economic strength. Many of the stocks in this group are subject to cyclical forces that include oil prices, consumer spending, capital goods orders, and other exogenous factors.
More recently, the rebound in crude oil prices has been a headwind for the airline, trucking, and railroad companies that make up the iShares Transportation Average ETF (NYSE: IYT). After all, energy costs are a significant component of profit margins in the transportation business and investors are keenly aware of this correlation.
This ETF has over $1.1 billion dedicated to 20 large-cap stocks in the global transportation and logistics game. That includes ...
/www.benzinga.com/etfs/sector-etfs/15/05/5528336/transportation-etfs-in-danger-of-technical-breakdown alt=Transportation ETFs In Danger Of Technical Breakdown>Full story available on Benzinga.com
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