Transports Likely to Close at Historic Highs

KLM Airlines

Dow Transports poised to close at an historic high. This is, at first glance, a play on airlines.

Why the airlines? Because they have turned their businesses around: 1) they have paid down debt, 2) mergers have increased, with more to come, 3) they have limited capacity, and 4) raised prices.

But the group to keep an eye on is railroads. They have a bigger market capitalization than airlines and, most notably, underperformed the S&P 500 last year.

Railroads have now become relative value plays.

In addition, railroads are plays on the U.S. economy in 2013...on cars, agriculture, and coal, so any downturn in outlook will affect their recent rally.

Air freight: improving Asian freight data will help companies like Federal Express (FDX) and Expeditors International (EXPD).

element

Font
font-family
font-size
font-style
font-variant
font-weight
letter-spacing
line-height
text-decoration
text-align
text-indent
text-transform
white-space
word-spacing
color
Background
bg-attachment
bg-color
bg-image
bg-position
bg-repeat
Box
width
height
border-top
border-right
border-bottom
border-left
margin
padding
max-height
min-height
max-width
min-width
outline-color
outline-style
outline-width
Positioning
position
top
bottom
right
left
float
display
clear
z-index
List
list-style-image
list-style-type
list-style-position
Table
vertical-align
border-collapse
border-spacing
caption-side
empty-cells
table-layout
Effects
text-shadow
-webkit-box-shadow
border-radius
Other
overflow
cursor
visibility

element

Font
font-family
font-size
font-style
font-variant
font-weight
letter-spacing
line-height
text-decoration
text-align
text-indent
text-transform
white-space
word-spacing
color
Background
bg-attachment
bg-color
bg-image
bg-position
bg-repeat
Box
width
height
border-top
border-right
border-bottom
border-left
margin
padding
max-height
min-height
max-width
min-width
outline-color
outline-style
outline-width
Positioning
position
top
bottom
right
left
float
display
clear
z-index
List
list-style-image
list-style-type
list-style-position
Table
vertical-align
border-collapse
border-spacing
caption-side
empty-cells
table-layout
Effects
text-shadow
-webkit-box-shadow
border-radius
Other
overflow
cursor
visibility

element

Font
font-family
font-size
font-style
font-variant
font-weight
letter-spacing
line-height
text-decoration
text-align
text-indent
text-transform
white-space
word-spacing
color
Background
bg-attachment
bg-color
bg-image
bg-position
bg-repeat
Box
width
height
border-top
border-right
border-bottom
border-left
margin
padding
max-height
min-height
max-width
min-width
outline-color
outline-style
outline-width
Positioning
position
top
bottom
right
left
float
display
clear
z-index
List
list-style-image
list-style-type
list-style-position
Table
vertical-align
border-collapse
border-spacing
caption-side
empty-cells
table-layout
Effects
text-shadow
-webkit-box-shadow
border-radius
Other
overflow
cursor
visibility