3 Stocks Pulling The Transportation Industry Downward
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One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.
The Transportation industry currently sits down 0.1% versus the S&P 500, which is unchanged.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3. United Continental Holdings (UAL) is one of the companies pushing the Transportation industry lower today. As of noon trading, United Continental Holdings is down $0.68 (-1.6%) to $42.10 on average volume. Thus far, 3.3 million shares of United Continental Holdings exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $41.76-$42.77 after having opened the day at $42.46 as compared to the previous trading day's close of $42.78.
United Continental Holdings, Inc., through its subsidiaries, provides passenger and cargo transportation services. The company transports people and cargo through its mainline operations, which use jet aircraft with 118 seats, and its regional operations. United Continental Holdings has a market cap of $16.9 billion and is part of the services sector. Shares are up 13.1% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate United Continental Holdings a buy, 2 analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates United Continental Holdings as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full United Continental Holdings Ratings Report now.