3 Stocks Pulling The Transportation Industry Downward
Written by: Raina Sharma
Tickers in this article: LFL TGP UAL
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged. The Transportation industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. TheStreet would like to highlight 3 stocks pushing the industry lower today: 3. LATAM Airlines Group ( LFL) is one of the companies pushing the Transportation industry lower today. As of noon trading, LATAM Airlines Group is down $0.23 (-1.9%) to $11.66 on average volume. Thus far, 261,847 shares of LATAM Airlines Group exchanged hands as compared to its average daily volume of 646,200 shares. The stock has ranged in price between $11.61-$11.88 after having opened the day at $11.88 as compared to the previous trading day's close of $11.89. LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in South America. LATAM Airlines Group has a market cap of $6.6 billion and is part of the services sector. Shares are down 27.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates LATAM Airlines Group a buy, 1 analyst rates it a sell, and 4 rate it a hold. TheStreet Ratings rates LATAM Airlines Group as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full LATAM Airlines Group Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.