AECOM reported both earnings and revenue beats which made the large players volume turn up sharply while the Twiggs Money Flow broke positive.
The Transportation ETF XTN outperformed last week’s market prediction. The buying across the transports sector was stronger than forecast putting transports into a more supportive role for the S&P 500 last week.
Transports have been under-performing the S&P 500 so far in 2017. Year to date the S&P 500 is up about 12% while the Transportation ETF XTN is up about 10%. Airlines are struggling, trains have improved some, and shippers (UPS, FedEx) are doing ok.
Transports generally tend to do well in the last three months of the year. Transports tend to bottom at the end of September or first part of October, then uptrend through mid-December from an increased level of packages, shipping, and people traveling for the holidays.
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