Some traders think the recent decline in transportation stocks may be poised to bounce back. Airline stocks have benefited from lower oil prices; however, other industries like railroads have lagged broader equity benchmarks. Infrastructure investing could also go up as more governments focus on upgrading old, dangerous bridges, pipelines, and roads.
“Decades ago, it appeared transportation and technology stocks could not be more different, but a correlation between the groups is growing,” said Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors. “As the connection between companies like Amazon and shipping firms intensifies, transport stocks should be favored for the long haul.”
In light of these movements, ETF Trends posits that the U.S. Global Jets ETF (JETS) is “showing signs of rebound potential.”
READ THE ARTICLE FROM ETF TRENDS
Past performance does not guarantee future results.
Please click here for standardized performance.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end please visit www.usglobaletfs.com
U.S. Global Investors has authored and is responsible for the summary on this page.
All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.
The Dow Jones Transportation Average (DJTA) is a price-weighted average of 20 U.S. transportation stocks.
For more information on the iShares Transportation Average ETF (IYT) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), please see those funds prospectuses.