Transports Powered by Macro Forces
The transports are having a field day! It's incredible. Look at the rallies in United Parcel Service (UPS) and Norfolk Southern (NSC). Alaska Air (ALK) is back to being a stud. Where the heck did this rally come from?
Wrong question. Here's the deal. The transport index had been decimated by oil, by low coal prices, by crops. Now I am seeing all of these markets coming full circle for the transports. Oil, despite predictions that it would skyrocket off QE3, is sinking like a stone. Crops? Hey, wait until next year, they will be bountiful, or at least that's what people are thinking. Coal? Natural gas has moved up to the point where these pro-coal utilities are anxiously willing to switch back....58 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.