Vermilion Macro Vision: Transportation Sector Synopsis
Transportation: On review from an Underweight to Market Weight. The Major Airlines are staging price and RS reversals to the upside. This is a welcome sight, and we would recommend adding to positions on weakness. Names we like include: AAL, UAL, DAL, LUV, ALK, SAVE, HA, SKYW, LFL, CPA and GOL. Many of the Railroads have pulled back to their respective 200-day movings and should be bought. Names we find technically attractive are: UNP, NSC, CNI, and CSX. Group TR-05, Air Freight & Logistic, Large-Cap, is exhibiting breakouts and price and RS reversals. Names in this Group that we like are: UPS, FDX, and EXPD. Many of the truckers are breaking above important resistance levels or reversing multi-year price and RS downtrends. Names we like include: JBHT, ODFL, LSTR, KNX, SWFT, WERN, SAIA and ARCB (see attached document for complete sector thoughts and recommendations).For a trial to Vermilion Technical Research call (952) 922-7500, or visit our website at: www.vermilioncap.com
Alaska Air Group operates two airlines, Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon). The company's operation also includes McGee Air Services, an aviation services provider. The company has three segments: Mainline, which includes scheduled air transportation on Alaska's Boeing or Airbus jet aircraft for passengers and cargo throughout the United States., and in parts of Canada, Mexico, and Costa Rica; Regional, which includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchase agreements (CPA); and Horizon, which includes the capacity sold to Alaska under CPA.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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