Certain stock sectors are great tools for measuring the health and state of the economy. Transportation is arguably the sector that says the most about it. When transportation companies are posting profits, that means more goods are being shipped and the economy is growing. And when those same companies are missing earnings, it means that fewer goods are being shipped and the economy is either stagnating or contracting.
So far this year, the Dow Jones Transportation Average doesn't reflect a strong and robust economy. It's fallen around 10% year-to-date and most transportation stocks have been bouncing around their 52-week lows for the past six months or so. However, that downward trend could be on the verge of entering a major reversal. Continue reading "This Small Cap Stock Is Overdue For A Breakout Performance"
