Transports Hit a Bump in the Road

 | Sep 04, 2012 | 6:33 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

fdx

,

ups

,

hek

Sure, we want central bankers to act. But it isn't like nothing happens while we wait. Just the opposite. While we wait, we get news like we got tonight from FedEx (FDX).

I know we all suspected that numbers could be too high since the last time FedEx gave guidance, particularly after United Parcel Service (UPS) said so many negative things when it spoke.

But it doesn't make the sting any less and the selling any lighter. In fact, I figure now that we have to endure a round of transport estimate cuts that could nauseate us as we wait for the European Central Bank and the Labor Department to make their pronouncements.

As we are in the last month of the quarter, you have to bet that this is not an isolated, one-off incident. That puts more pressure on the cyclicals than we got today. They remain the most difficult place to be.

Random musings: Yes, I think that Heckmann (HEK) should still be bought. It's not done yet. 

Columnist Conversations

We bought some calls yesterday and rolled up.  This chart is fantastic, I'll have that out for everyone o...
Today I'll be talking credit spreads and specific trading strategies after the close today.  This will be...
Market slightly up at midday across the major indices.  Oil drifting back down to $50 a barrel as some eu...
The new Johnson Controls (JCI) had its introductory investor day yesterday in NYC, and laid out the structure,...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.