The following stocks were moving the Transportation sector today.
Some of the biggest gainers among Transportation stocks include:
American Midstreampartners LP (AMID): AMID stock is up 4.48% today. Pampa Energia S.A. (PAM): PAM stock is up 3.84% today. Danaos Corp (DAC): DAC stock is up 5.88% today. Golden Ocean Gp Cmn (GOGL): GOGL stock is up 3.06% today. Companhia Paranaense De Energia (ELP): ELP stock is up 2.79% today. Cia De Saneamento Basico Do Estado (SBS): SBS stock is up 2.36% today. Controladora Vuela Compaia De (VLRS): VLRS stock is up 2.74% today. Radio One Inc Cl D (ROIAK): ROIAK stock is up 1.69% today. Cheniere Energy Partners LP Holdings Llc (CQH): CQH stock is up 2.49% today. Black Hills Corp (BKH): BKH stock is up 2.05% today.
Some of the biggest losers among Transportation stocks include:
Beasley Brdcst Gr (BBGI): BBGI stock is down 11.36% today. Gener8 Maritime Inc (GNRT): GNRT stock is down 5.45% today. Hornbeck Offshore Services (HOS): HOS stock is down 3.8% today. Pangaea Logistics So (PANL): PANL stock is down 3.53% today. Star Bulk Carriers (SBLK): SBLK stock is down 3.78% today. Costamare Inc (CMRE): CMRE stock is down 3.61% today. Teekay Tankers Ltd (TNK): TNK stock is down 3.78% today. Cryoport Inc (CYRX): CYRX stock is down 3.26% today. YRC Worldwide (YRCW): YRCW stock is down 3.07% today. Aquaventure Holdings Ltd (WAAS): WAAS stock is down 2.77% today.
For more information on the best stocks to buy right now, check out the latest commentary on InvestorPlace.com.
Best Energy Stocks For 2019: NewStar Financial, Inc.(NEWS)
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Best Energy Stocks For 2019: Rockwell Collins, Inc.(COL)
- [By Jayson Derrick]
Honorable Mention: Rockwell Collins, Inc. (NYSE: COL) with a $122 price target.
Technology, Media And Telecom
Within the crowded technology, media and telecommunication group, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is a top pick given its prospects for continued growth in mobile search and YouTube. Beyond these two segments, the analysts also see continued momentum in Alphabet’s core Google operations.
- [By Ben Levisohn]
Rockwell Collins (COL) has fallen 2.6% to $68.21 after it was downgraded to Neutral from Outperform at Credit Suisse.
General Electric (GE) has gained 1% to $24.25 after signing a bunch of deals and getting a positive mention from my colleague Jack Hough in this weekend’s Barron’s.
- [By Lisa Levin]
United Technologies Corporation (NYSE: UTX) will acquire Rockwell Collins, Inc. (NYSE: COL) in a deal worth $30 billion , forging an aerospace behemoth producing virtually all types of avionics systems for commercial and defense aircraft.
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Rockwell Collins, Inc. (NYSE: COL) is estimated to report quarterly earnings at $1.31 per share on revenue of $1.33 billion.
General Electric Company (NYSE: GE) is expected to report quarterly earnings at $0.17 per share on revenue of $26.46 billion.
Honeywell International Inc. (NYSE: HON) is estimated to report quarterly earnings at $1.60 per share on revenue of $9.32 billion.
Interpublic Group of Companies Inc (NYSE: IPG) is expected to report quarterly earnings at $0.03 per share on revenue of $1.76 billion.
Schlumberger Limited. (NYSE: SLB) is estimated to report quarterly earnings at $0.26 per share on revenue of $7.02 billion.
SunTrust Banks, Inc. (NYSE: STI) is expected to report quarterly earnings at $0.83 per share on revenue of $2.21 billion.
ManpowerGroup Inc. (NYSE: MAN) is projected to report quarterly earnings at $1.11 per share on revenue of $4.68 billion.
Kansas City Southern (NYSE: KSU) is estimated to report quarterly earnings at $1.15 per share on revenue of $593.82 million.
Stanley Black & Decker, Inc. (NYSE: SWK) is projected to report quarterly earnings at $1.19 per share on revenue of $2.74 billion.
WABCO Holdings Inc. (NYSE: WBC) is estimated to report quarterly earnings at $1.44 per share on revenue of $721.89 million.
- [By Ben Levisohn]
Rockwell Collins (COL) soared to the top of the S&P 500 today after the aerospace & defense company’s adjusted earnings topped analyst forecasts.
Rockwell Collins gained 5.1% to $104.70 today, while the S&P 500 declined 0.3% to 2,348.69. The Industrial Select Sector SPDR ETF (XLI) ticked up 0.1% to$65.41 as strength in Rockwell Collins and Honeywell International (HON) offset earnings-related weakness in General Electric (GE). Honeywell, which also reported today, gained 2.7% to $127.08, while General Electric dropped 2.4% to $29.55.
CFRA’s Jim Corridore offers his take on Rockwell Collins’ earnings:
We raise our 12-month target price by $10 to $120, 18.4X our FY 18 (Sep.) EPS estimate of $6.52 (raised today from $5.80), in line with COL’s 3-year average. We think this balances commercial aerospace (which carry higher P/Es) and military (lower P/E) peers. We raise our FY 17 EPS estimate to $6.05 from $5.49, in the middle of COL’s FY 17 (Sep.) guidance of $5.95-$6.15. COL Q1 adjusted EPS of $1.27 vs. $1.30 was three cents shy of our forecast. We are positive on demand drivers and completed acquisition of B/E Aerospace increases COL’s commercial aerospace market share.
Rockwell Collins’ market capitalization rose to $13.7 billion today from $16.2 billion yesterday.
- [By Ben Levisohn]
Of the 21 stocks Walton covers, he Buy ratings on eight, including Boeing (BA), Northrop Grumman (NOC), and Rockwell Collins (COL).
Shares of General Dynamics have dropped 4% to $129 at 2:34 p.m. today, while Boeing has fallen 1.1% to $131.43, Northrop Grumman has declined 0.6% to $193.89, and Rockwell Collins has 0.9% $90.83.
Best Energy Stocks For 2019: Spark Networks, Inc.(LOV)
- [By Peter Graham]
Small cap dating site stock Match Group Inc (NASDAQ: MTCH), which was spun off from media and Internet stock IAC/InterActiveCorp (NASDAQ: IAC) and is a peer or remaining dating stock Spark Networks Inc (NYSEMKT: LOV), is the eight most shorted stock on theNASDAQ with short interest of 43.96% according to Highshortnterest.com.