Here's where I'd look to be a buyer.
Let's take a look at the charts and indicators.
Higher costs for diesel fuel in particular are pushing transportation costs higher, which is hurting businesses big and small.
The charts of the ride-sharing giant aren't sending positive signals.
We check out the charts of a ride-hailing company, a recruitment platform and a solar panel giant.
The technical signs for the marine energy transportation and storage company are flashing positive.
Some investors may be asking whether we're seeing another 'nail in the coffin' of the secular bull market as several transport names get downgraded. Let's not ... go off the rails.
Let's see what the charts and indicators look like.
I found several 'interesting' things on this airline's charts.
All of the major cruise lines are suffering from their own form of long Covid, and they largely lacked a government lifesaver. Here's why even the best of the businesses looks like a sinking stock ... for now.