Transportation: A 2021 Theme -- April 30, 2021

At the sidebar at the right, near the top, I track "Themes - 2021."

At the first post there, at the top is a link to "Investors."

And from there, well down the list:  

• Rail: link here.  

This story will be add at that site.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

From today's Wall Street Journal: rally in transportation stocks nears 122-year-old record streak. Gains underscore investors' expectations that rebounding economy will boost companies carrying goods, raw materials.

The Dow Jones Transportation Average on Friday notched a weekly advance of 1.4%—its 13th consecutive week of gains. That marks the index’s longest such streak since it rose for 15 straight weeks ended in January 1899.

The transportation average has gained 23% this year to record levels, beating the Dow Jones Industrial Average’s 11% climb to its own recent highs.

Some analysts say transports might still have some open road ahead, as passengers return and freight volumes increase. Adam Scheiner, industrials analyst at UBS Global Wealth Management, said his group expects railroads and airlines in particular to benefit from the return to normal activity.

From late last night, re-posting:

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Dow Transports

I think I heard today that "Dow Transports" hit an all time high. Whether it did or not, the DJTA chart is pretty amazing.

Years ago I subscribed to a financial newsletter called "Dow Theory." It's long-running thesis was this: if the Dow Transports confirmed the Dow Industrials (going up) it was going to be a bull market, or the bull market would continue. So, I learned to watch "Dow Transports," although to this day I have no idea if that theory holds water. 

Tonight, looking at US equity futures (over at CNN and CNBC) I noted the "pre-market movers" (up and down) over at CNN. 

And look at this: one of my favorite companies to follow, UNP is at the top of the list of movers. Whoo-hoo.

The 52-week high for UNP is $228, so if "that" holds, it will be quite a day tomorrow. It's been my experience that futures at 7:30 p.m. never reflect what's going to happen the next day, unless it's bad news. LOL.

I have found no story explaining why UNP might be surging (of course, the railroads are of more interest right now simply due to the KSC story) but there was this press release nine hours ago:

Union Pacific today announced that it is building a state-of-the-art grain transload facility within its Global IV intermodal terminal in Joliet, Illinois that will reduce supply-chain costs for agricultural producers and processors. The Union Pacific Global IV Transload facility will be managed by JCT, which is a 50/50 joint venture between Consolidated Grain and Barge Co. and Gavilon Grain, LLC.