iShares Trust iShares U.S. Transportation ETF (BATS: IYT)

에 대한 최신 뉴스 iShares Trust iShares U.S. Transportation ETF (BATS:IYT)

iShares Trust iShares U.S. Transportation ETF

iShares Transportation AverageETF

Industrials

The fund seeks to track the investment results of the Dow Jones Transportation Average Index (the Underlying Index), which measures the performance of large, well-known companies within the transportation sector of the U.S. equity market. The Underlying Index includes large-, mid- and small-capitalization companies and may change over time.

Union Pacific Corp

Uber Technologies Inc

United Parcel Service Inc

Fedex Corp.

Old Dominion Freight Line Inc.

Norfolk Southern Corp.

Csx Corp.

Delta Air Lines Inc.

Expeditors International Of Washington Inc.

Southwest Airlines Co.

United Airlines Holdings Inc.

iShares US Transportation ETF

Warsaw,,Poland,-,May,11,,2024:,Uber,Taxi,Car,Waiting

Sector ETFs

Specialty ETFs

Topics

ETFs

ARKK

DRIV

FTXR

iShares Dow Jones Transportation Average Index Fund

NVDA

UBER

제너럴 모터스(NYSE:GM)와 엔비디아(NASDAQ:NVDA)의 혁신적인 제휴 이후 우버 테크놀로지스(NYSE:UBER)가 자율주행 혁명의 다음 물결을 타게 될 수도 있다. 

우버의 자율주행에 베팅하려면? 관련 ETF 3종목

What We Know So Far

JETS

최근 항공 산업은 유가 변동성 증가로 인해 불안정한 상황을 겪고 있다. 3월 6일 브렌트 원유 가격이 배럴당 70달러 이하로 떨어졌다가 3월 7일 급격히 반등하면서 항공사 주식과 섹터 중심 ETF는 롤러코스터를 탄 셈이다. 투자자들은 항공사 운영의 주요 요소인 에너지 비용이 항공 시장 전반에 미치는 영향을 면밀히 주시하고 있다.

항공 ETF, 유가 변동으로 혼란에 빠지고 항공사 주식 하락

Soybean,Agriculture.,Farmer,Touching,Soybean,Grains,Close-up.,Agriculture,Business,Soy

Analyst Color

Asia

Commodities

Markets

Analyst Ratings

CORN

SOYB

WEAT

도널드 트럼프 대통령의 최근 관세 조치가 글로벌 무역에 큰 혼란을 일으키고 있지만, 중국은 익숙한 반격을 준비하고 있을지도 모른다. JP모건의 애널리스트인 브라이언 P. 오센벡(Brian P. Ossenbeck)에 따르면, 농산물 수출—특히 옥수수, 소맥 및 대두—이 중국의 보복 타겟이 될 가능성이 높다.

중국의 보복 관세 전략서: 미국산 옥수수, 소맥 및 대두가 표적으로

The airline industry is back in the headlines, though not in a way that would make investors cheer. Another batch of earnings releases from large U.S. carriers—American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), and Alaska Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>)—has brought a somber message: the skies are cloudy for forward-looking guidance. As these airlines take back their 2025 outlooks in response to escalating macroeconomic uncertainty, investors holding <a href="https://www.benzinga.com/etfs">airline-themed ETFs</a> are replanning their altitude.
ETFs In Focus
These are the three most susceptible ETFs most exposed to the turbulence shaking up the skies:
U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>)
This is the most widely held airline ETF among most investors, providing access to a portfolio of global airline shares, with a heavy U.S. bias. JETS has large stakes in Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NYSE">UAL</a>), American, and Southwest—all of which have watched their share prices spiral downward more than 20% on an average so far into 2025. Needless to say, JETS has declined sharply year to date, almost 23%, both as a result of weaker domestic demand and increasing economic headwinds.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44993378/schd-is-down-but-its-dividend-is-up-and-these-2-etfs-are-quietly-catching-up">SCHD Is Down, But Its Dividend Is Up And These 2 ETFs Are Quietly Catching Up</a>
iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>)
Although not airline-centric, IYT does have high exposure to airlines, along with freight and logistics stocks. The fund has been stressed by weakness within the passenger air travel component, as air travel demand between the U.S. and other countries especially Canada, has been affected due to tariffs and is susceptible to additional challenges if the slowdown permeates to cargo and global travel.
SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>)
XTN provides equal-weighted exposure to the wider transportation space, including regional carriers. It&#8217;s more attuned to under-the-radar participants such as Alaska Air, which have fallen harder than their big-cap peers because they&#8217;ve been more dependent on domestic routes—now the weakest part of the market.
Guidance Cuts
Although first-quarter results were largely better than projected, the actual theater of action is in the empty forecast columns.
American Airlines topped revenue expectations and reported a smaller-than-expected Q1 loss, but <a href="https://www.benzinga.com/25/04/44982328/american-airlines-flies-into-uncertainty-q1-revenue-miss-2025-outlook-pulled-but-debt-plan-on-track">withdrew its full-year forecast</a>, stating visibility is limited and clouds are dense.
Southwest seconded that view, regardless of record Q1 revenue, <a href="https://www.benzinga.com/general/travel/25/04/44968055/southwest-airlines-tosses-out-profit-guidance-amid-macroeconomic-uncertainty-shares-slide-despite-better-than-expected-q1-results">withdrawing earnings guidance for 2025 and 2026</a> after experiencing demand weaken over the course of the quarter.
Alaska Air fell <a href="https://www.benzinga.com/25/04/44976464/alaska-air-hit-by-demand-dip-in-q1-loss-skips-fy25-guidance-update-amid-uncertainty">short on revenue and sharply reduced Q2 expectations</a>, stating it is anticipating a 6 percentage point revenue hit from soft demand.
If investors were expecting clarity, they received fog instead.
Macro Headwinds And Tariff Crosswinds
Aside from consumer demand, geopolitics and trade tensions are also blowing fiercely. Tariffs imposed by President Donald Trump have contributed to growing economic uncertainty, with spillovers affecting airline sentiment. 
Boeing, meanwhile, is seeking to reroute dozens of undeliverable planes originally destined for Chinese customers. &#8220;We have many customers who want near-term deliveries, so we plan to redirect the supply to the stable demand. And we are not going to continue to build aircraft (and ship it) to customers who will not take them,&#8221; Boeing CEO Kelly Ortberg explained <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">in the earnings call.</a>
So far this year, American Airlines has fallen 43%, Southwest is down 22%, Delta and United have slid 30% and 28%, respectively.
The domestic demand drag is evident across the board. Airlines are hoping that international and premium segments, currently holding up, don't catch the same cold, as expressed by TD Cowen analyst Tom Fitzgerald, <a href="https://www.barrons.com/articles/american-southwest-airlines-earnings-stock-price-498f8b9c">cited </a>by Barron&#8217;s. But that's a risky bet in a macro environment where clarity is more elusive than a free in-flight upgrade.
What's Next For Airline ETFs?
Investors are struggling with mixed signals: strong near-term performance in certain segments vs. gigantic uncertainty to come. Fitzgerald warned that airline stocks are likely to remain range-bound until more definitive economic data are available, citing risks to second-half 2025 and 2026 earnings estimates.
While airline ETFs might still be a long-term bargain—currently, investors are in a holding pattern. Until economic skies brighten, it may be best to have that seatbelt tightly buckled.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/04/44947467/voo-vs-vti-buffett-approves-this-battle-for-your-portfolio">VOO Vs. VTI: Buffett Approves This Battle For Your Portfolio</a></li>
</ul>
Photo: Shutterstock

Airline Stocks Hit Headwinds As Carriers Cut Guidance, ETFs Enter Turbulence

Goldman Sachs analyst Jordan Alliger reiterated a Neutral Rating on Old Dominion Freight Line, Inc. (NASDAQ: <a href="https://www.benzinga.com/stock/ODFL#NASDAQ" target="_blank" rel="noreferrer noopener">ODFL</a>) with a price forecast of $192 <a href="https://www.benzinga.com/news/earnings/25/04/44954335/old-dominion-earnings-shine-despite-revenue-slide" target="_blank" rel="noreferrer noopener">following first quarter FY25 results</a>.
The company reported a revenue decline of&nbsp;5.8%&nbsp;year-over-year (Y/Y) to&nbsp;$1.375 billion, slightly beating the consensus of&nbsp;$1.37 billion and EPS of $1.19,<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">&nbsp;beat the consensus of&nbsp;$1.14.</a>
Old Dominion CEO&nbsp;Marty Freeman&nbsp;said the company's financial results for the&nbsp;first quarter&nbsp;reflect "ongoing softness in the domestic economy."
The analyst writes that during the conference call, he anticipates management to offer <a target="_blank" href="https://www.benzinga.com/quote/ODFL/analyst-ratings" rel="noreferrer noopener">updates on April revenue trends</a>.
Goldman Sachs and consensus estimates for second-quarter revenue per day showed a Y/Y decline of 1% and 2%, respectively, adds the analyst.
Alliger says tonnage growth is expected to be down 4% and 5%, respectively, and revenue per hundredweight, excluding fuel, is projected to grow by approximately 4%-5% Y/Y. He also expects insights into the sequential margin performance. 
Historically, Old Dominion Freight Line management commentary suggests an average operating ratio improvement of around 350-400 basis points from the first to the second quarter, with analyst&#8217;s pre-COVID calculation yielding an average of roughly 400-450 basis points.
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>).
Price Action: ODFL shares are up 1.74% at $154.71&nbsp;at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44697177/marjorie-taylor-greene-buys-the-dip-congresswoman-purchases-shares-of-apple-amazon-nike-and-more-following-tariff-related-sell-off" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Buys The Dip: Congresswoman Purchases Shares Of Apple, Amazon, Nike And More Following Tariff-Related Sell-Off</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

News

ODFL

ProShares Trust ProShares Supply Chain Logistics ETF

SUPL

Goldman Sachs Sticks To Neutral On Old Dominion, Eyes April Revenue, Tonnage Trends, Q2 Margin Improvement

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares are trading higher <a href="https://www.benzinga.com/pressreleases/25/04/b44945180/old-dominion-freight-line-reports-first-quarter-2025-earnings-per-diluted-share-of-1-19" target="_blank" rel="noreferrer noopener">following first-quarter results</a>.
Here's a breakdown of what the company reported:
<ul>
<li>Revenue declined&nbsp;5.8%&nbsp;year-over-year (Y/Y) to&nbsp;$1.375 billion, slighly beating the consensus of&nbsp;$1.37 billion.</li>
<li>There was a 6.3% Y/Y decrease in LTL tons per day, a 5% Y/Y drop in LTL shipments per day and, a 1.4% Y/Y reduction in LTL weight per shipment.</li>
<li>LTL revenue per hundredweight, excluding fuel surcharges, rose&nbsp;4.1% Y/Y in the quarter.</li>
<li>EPS was&nbsp;$1.19,<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener"> beating the consensus of&nbsp;$1.14.</a></li>
<li>Operating income fell&nbsp;12.5%&nbsp;to&nbsp;$338 million, with an operating ratio of&nbsp;75.4%, compared to&nbsp;73.5%&nbsp;a year ago.</li>
<li>Old Dominion&#8217;s operating cash flow was&nbsp;$336.5&nbsp;million&nbsp;for the&nbsp;first quarter.</li>
<li>As of March 31, the company had&nbsp;$97.2&nbsp;million&nbsp;in cash and equivalents.</li>
<li>Capital expenditures stood at&nbsp;$88.1&nbsp;million&nbsp;in the&nbsp;quarter.</li>
<li>Roughly&nbsp;$201.1&nbsp;million&nbsp;was spent on share repurchases and&nbsp;$59.5&nbsp;million&nbsp;in dividends.</li>
</ul>
Old Dominion CEO Marty Freeman said the company&#8217;s financial results for the first quarter reflect &#8220;ongoing softness in the domestic economy.&#8221; 
&#8220;While we were encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy,&#8221; he added.
The company brass insists they are &#8220;uniquely positioned to respond to an improving economy.&#8221;
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>).
Price Action: Old Dominion shares are up&nbsp;5.46%&nbsp;at&nbsp;$160.37 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44697177/marjorie-taylor-greene-buys-the-dip-congresswoman-purchases-shares-of-apple-amazon-nike-and-more-following-tariff-related-sell-off" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Buys The Dip: Congresswoman Purchases Shares Of Apple, Amazon, Nike And More Following Tariff-Related Sell-Off</a></li>
</ul>
Image: Shutterstock

Earnings

Movers

Old Dominion Earnings Shine Despite Revenue Slide, CEO Blames 'Ongoing Softness' In Economy

We might see Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) riding the next wave of the autonomous revolution with a revolutionary tie-up between General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). With GM leveraging Nvidia&#8217;s AI brawn to create autonomous driving technology, <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44399929/how-the-nvidia-gm-partnership-could-challenge-tesla-boost-uber">Uber stands to gain significantly </a>as the ride-hailing sector moves closer to an autonomous future. And for investors looking to cash in on this trend, certain <a href="https://www.benzinga.com/etfs">ETFs could be the way to go</a>.
ETFs That Could Benefit
If you're looking to play the Uber angle in this self-driving shake-up, here are some ETFs that offer solid exposure:
iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>)
Why It Matters: Puts emphasis on leading transportation and logistics companies and Uber&#8217;s AV aspirations may accelerate its long-term growth. Holds Uber as one of its core holdings, allocating over 19% to it currently.
Cambiar Aggressive Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NYSE">FTXR</a>)
Why It Matters: Seeks long-term capital appreciation by way of an alpha-generating strategy. The firm suggests this fund for investors with higher risk tolerance. 5.85% of the fund is allocated to Uber.
Pacer US Cash Cows Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUL#NYSE">BUL</a>)
Why It Matters: Targets capital appreciation by mirroring the S&amp;P 900 Pure Growth Index for the top 50 companies based on free cash flow yield. 6.54% of the fund is dedicated to Uber.
Also Read: <a href="https://www.benzinga.com/insights/news/25/03/44342158/100-invested-in-uber-technologies-5-years-ago-would-be-worth-this-much-today">$100 Invested In Uber Technologies 5 Years Ago Would Be Worth This Much Today</a>
The Uber Connection
GM&#8217;s recent partnership with Nvidia is a big bet on AI-powered automation, leveraging Nvidia&#8217;s AI know-how to speed up its autonomous push. The automaker previously deployed Nvidia&#8217;s chips in its Cruise robotaxis, and now it&#8217;s turning to driver-assistance technology for consumer vehicles. GM estimated that its Super Cruise technology would bring in $2 billion a year within five years, thus upping its competitive presence.
Uber&#8217;s not sitting on its hands, either. The ride-hailing company has already partnered with GM&#8217;s Cruise unit, seeing a future where Uber passengers might order up self-driving Chevys run by Nvidia&#8217;s AI. CEO Dara Khosrowshahi has indicated clearly enough -Uber views self-driving technology as a tremendous core of its long-term plan.
With Uber, GM and Nvidia pushing the boundaries of AI-driven transportation, the investment opportunities are hard to ignore. If you're looking for a way to ride this wave, these Uber-focused ETFs might be your best bet.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/03/44401175/oil-prices-ease-what-it-means-for-energy-etfs-investors">Oil Prices Ease: What It Means For Energy ETFs, Investors</a></li>
</ul>
Photo: Shutterstock

Betting On Uber's Driverless Future? These ETFs Could Pay Off

Goldman Sachs analyst Jordan Alliger lowered estimates for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) ahead of its third-quarter FY25 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">earnings release on March 20</a>.
The analyst has rated the company Buy <a target="_blank" href="https://www.benzinga.com/quote/fdx/analyst-ratings" rel="noreferrer noopener">with a price forecast of $315, down from $328</a>.
Alliger reduced third-quarter EPS estimates from $4.65 to $4.40 due to ongoing transportation challenges, particularly in industrial-exposed LTL.
The analyst also reduced FY25 EPS estimates from $18.85 to $18.65, citing volume declines in B2B parcel services like U.S. Priority and Ground Commercial.
For FY26, Alliger lowered EPS estimates from $23.30 to $22.20, with B2B parcel volumes expected to remain negative in early FY26 before improving in the second half. Also, for FY27, the analyst slashed EPS estimate from $26.30 to $25.50.
The analyst says that the lowered estimates for the remainder of the year reflect uncertainty surrounding tariffs and the recovery timeline for the manufacturing and B2B sectors.
This adjustment aligns with the broader estimate reductions made across the transportation sector following the fourth quarter earnings season, adds the analyst.
Meanwhile, Alliger says that he remains optimistic about FDX&#8217;s ongoing cost-cutting efforts and investments in its LTL business.
These initiatives boost confidence in the company&#8217;s ability to achieve significant operational leverage when the industrial economy rebounds, adds the analyst.
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>).
Price Action: FDX shares are down 0.71% at $241.77 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44305160/revolutionizing-gaming-nvidia-and-microsofts-neural-shading-brings-ai-to-graphics" target="_blank" rel="noreferrer noopener">NVIDIA &amp; Microsoft Unlock RTX Neural Shaders For Next-Gen Graphics: Details</a></li>
</ul>
Photo via Shutterstock.

Price Target

Reiteration

Trading Ideas

Goldman Sachs Trims FedEx Forecast, Cites B2B Weakness, Tariffs And Industrial Slowdown

The aviation sector has been flying in turbulent skies recently, thanks to heightened oil price volatility. With Brent crude oil prices slipping below $70 per barrel on March 6, followed by a sharp rebound on March 7, airline stocks and <a href="https://www.benzinga.com/etfs">sector-focused ETFs </a>have been on a rollercoaster ride. Investors are keeping a close watch on energy costs, a key component of airline operations, and how they impact the broader aviation market. 
Also Read: <a href="https://www.benzinga.com/news/global/25/03/44176027/geopolitics-tariffs-supply-glut-whats-next-for-oil-etfs">Geopolitics, Tariffs, Supply Glut: What&#8217;s Next For Oil ETFs?</a>
<h3 class="wp-block-heading">Three Aviation-Focused ETFs to Watch</h3>
U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) &#8211; Down 1.05% at the time of publication Friday. The fund is one of the most popular aviation ETFs, offering exposure to major airlines, aircraft manufacturers, and airport operators. The fund holds stocks from global carriers such as Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), and Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>). While JETS has struggled amid oil price fluctuations, its diversified approach provides investors with broad exposure to the airline industry.
iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) &#8211; Up 0.66% at the time of publication Friday. While not solely focused on airlines, the iShares Transportation Average ETF includes a significant allocation to aviation stocks alongside railroads, trucking, and logistics firms. Given the importance of fuel costs across the transportation sector, IYT's performance is closely linked to oil price movements, making it an interesting choice for investors looking for a broader transportation play.
SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) &#8211; Up 0.08% at the time of publication Friday. This fund tracks an equal-weighted index of U.S. transportation stocks, including airlines, railroads, and shipping companies. This ETF offers a more balanced approach compared to JETS, which is heavily weighted toward major airlines. As a result, XTN may offer a smoother ride for investors during periods of oil price volatility.
Also Read: <a href="https://www.benzinga.com/news/25/03/44150023/why-exxon-mobil-xom-stock-hit-a-new-52-week-low-today">Why Exxon Mobil (XOM) Stock Hit A New 52-Week Low Today</a>
What's Driving Oil Prices?
Oil prices have been gyrating lately, largely due to geopolitical and economic factors. 
U.S. airline stocks tumbled again on Tuesday, hitting their lowest levels since late last year following data indicating economic concerns. United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), which has the highest exposure to China among U.S. airlines, fell about 6%, along with Delta Air Lines. American Airlines dropped close to 4%, while domestic-focused carriers such as JetBlue Airways lost nearly 6% on Tuesday.
Airlines, particularly full-service carriers with extensive international networks, had been performing well due to strong demand and moderating domestic flight growth. However, some analysts now anticipate potential demand impacts, particularly for price-sensitive customers ahead of the crucial spring travel season, <a href="https://www.cnbc.com/2025/03/04/airline-stocks-tumble-amid-economic-concerns.html#:~:text=Airline%20stocks%20fall%20as%20possible%20economic%20'soft%20patch'%20raises%20demand%20concerns,-Published%20Tue%2C%20Mar&amp;text=U.S.%20airline%20stocks%20tumbled%20to,to%20recent%20Commerce%20Department%20data.">according </a>to CNBC. Adding to the concerns, <a href="https://www.benzinga.com/content/44139359/consumer-spending-is-slowing-but-these-stocks-will-still-thrive">U.S. consumer spending fell in January </a>for the first time in nearly two years, as per the U.S. Commerce Department.
However, by Friday, oil futures rebounded as reports emerged that the U.S. planned to refill its Strategic Petroleum Reserve (SPR) to full capacity, tightening global supply, <a href="https://www.bnnbloomberg.ca/investing/2025/03/07/us-energy-chief-plans-to-seek-20b-to-refill-oil-reserve/">according </a>to BNN Bloomberg.
Despite this temporary bounce, crude prices remained weak for the week, with the U.S. benchmark poised for a seventh consecutive weekly decline.
Aviation Stocks React
The S&amp;P 500 Airlines Industry Index felt the impact of these price swings, dipping around 5% by midday on Friday, while the Nasdaq Global Smart Airlines Index dipped around 1.7%.
Higher oil prices typically translate to increased fuel costs for airlines, squeezing margins and impacting profitability. However, despite the weakness in oil prices this week, ETFs exposed to the aviation sector have remained under pressure, signaling the other factors at play that weighed heavily on the stocks. If oil prices remain weak, it can boost airline earnings, making aviation ETFs an interesting play for investors looking to capitalize on these trends.
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Photo: Shutterstock

Aviation ETFs Face Turbulence As Oil Prices Fluctuate, Airline Stocks Slide

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43490369/old-dominion-freight-line-reports-fourth-quarter-2024-earnings-per-diluted-share-of-1-23" rel="noreferrer noopener">higher following&nbsp;fourth-quarter&nbsp;results</a>.
Here&#8217;s a breakdown of what the company reported: 
<ul>
<li>Revenue declined 7.3% year-over-year (Y/Y) to $1.386 billion, beating the consensus of $1.379 billion.</li>
<li>There was an 8.2% decrease in LTL tons per day, a 7.6% drop in LTL shipments per day and a 0.7% reduction in LTL weight per shipment.</li>
<li>LTL revenue per hundredweight, excluding fuel surcharges, rose&nbsp;3.8%&nbsp;in the quarter.</li>
<li>EPS was&nbsp;$1.23,<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">&nbsp;beating the consensus of&nbsp;$1.18.</a></li>
<li>Operating income fell 20.7% to $334 million, with an operating ratio of 75.9%, compared to 71.8% a year ago.</li>
<li>Old Dominion's operating cash flow was&nbsp;$401.1&nbsp;million for the&nbsp;fourth quarter and&nbsp;$1.7&nbsp;billion for the year.</li>
<li>As of Dec. 31, the company had $108.7 million in cash and equivalents. </li>
<li>Capital expenditures stood at $170.9 million in the quarter.</li>
<li>Roughly $967.3 million was spent on share repurchases, including a $200 million accelerated program, and $223.6 million in dividends.</li>
</ul>
Dividend Raise: The Old Dominion board declared a first-quarter dividend of $0.28 per share, payable on March 19, 2025, to shareholders on record as of March 5.
Adjusted for the March 2024 stock split, this marks a 7.7% increase from the first quarter of 2024.
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, &#8220;The challenging macroeconomic environment over the past couple of years has created persistent demand headwinds for our business. &#8221;
&#8221;&#8230;..we are confident that Old Dominion&#8217;s unmatched value proposition makes us the best-positioned carrier to win market share once a positive inflection in industry demand occurs.&#8221;
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Pacer Funds Pacer Industrials and Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHPP#NYSE">SHPP</a>).
Price Action: Old Dominion shares are up 7.17% at $196.85 at the last check Wednesday.
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Image: Shutterstock

Dividends

SHPP

Old Dominion Q4 Earnings: Strong Pricing Offsets Volume Decline, Dividend Raised 7.7%

President Donald Trump's <a href="https://www.benzinga.com/topic/tariffs">latest tariff moves</a> are shaking up global trade, but China may have a familiar counterstrike in mind. 
According to JPMorgan analyst Brian P. Ossenbeck, agricultural exports—particularly corn, wheat, and soybeans—are prime targets for Chinese retaliation. 
Any new developments on this front could be relevant to investors in the Teucrium Corn Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CORN#NYSE">CORN</a>), the Teucrium Wheat Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEAT#NYSE">WEAT</a>) and the Teucrium Soybean Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOYB#NYSE">SOYB</a>).
With a history of leveraging tariffs to disrupt U.S. farm exports, Beijing could once again use this tactic to put pressure on American producers and policymakers.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43432736/copper-stocks-on-shaky-ground-jpmorgan-analysts-say-tariffs-deepseek-cloud-outlook">Copper Stocks On Shaky Ground, JPMorgan Analysts Say: Tariffs, DeepSeek Cloud Outlook</a>
<h2 class="wp-block-heading">A Familiar Playbook: Agriculture As A Pressure Point</h2>
Ossenbeck highlights that U.S. agricultural exports to China, especially soybeans, have been heavily impacted by past trade tensions. "A study by the U.S. Department of Agriculture found tariffs reduced U.S. agricultural exports by $27 billion in 2018-2019 and soybeans accounted for the majority of the decline at 71%." 
If history repeats itself, American farmers could face another round of painful disruptions.
<h2 class="wp-block-heading">Railroads On Alert</h2>
The impact of potential tariffs won't stop at the farms. U.S. rail giants like BNSF (2.5% exposure) and Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) (1% exposure) are directly tied to soybean exports and could feel the squeeze. 
Ossenbeck's analysis suggests that retaliatory tariffs on grains could weigh on transportation stocks, adding another layer of volatility to the already embattled Transports sector. Investors in the iShares US Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>) should remain wary of their holdings.
<h2 class="wp-block-heading">Trade Tensions Fuel Import Rush</h2>
Meanwhile, data from JPMorgan indicates that importers have been bracing for impact. Ossenbeck points to a "pull-forward of imports from China that started in 2H24 and appears to have continued into early 2025." 
January containerized imports hit an all-time record, signaling that businesses have been stockpiling goods ahead of expected tariffs.
<h2 class="wp-block-heading">A Volatile Road Ahead</h2>
While a 30-day delay on tariffs for Mexico and Canada brought temporary relief to markets, "we are hardly sounding the ‘all clear' after the first salvo in what could be a long and volatile trade war on multiple fronts," says Ossenbeck. 
Investors should stay alert, as China's next move could be just around the corner—potentially hitting U.S. agriculture where it hurts most.
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43454424/china-strikes-back-new-tariffs-up-to-15-on-certain-us-imports-in-retaliation-for-trumps-10-levy-on-chinese-goods">China Strikes Back: New Tariffs Up To 15% On Certain US Imports In Retaliation For Trump&#8217;s 10% Levy On Chinese Goods</a></li>
</ul>
Image: Shutterstock

China's Retaliatory Tariff Playbook: Corn, Wheat, Soybeans In The Crosshairs

BMO Capital Markets analyst Fadi Chamoun upgraded United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) to Outperform from Market Perform and reduced the <a target="_blank" href="https://www.benzinga.com/quote/UPS/analyst-ratings" rel="noreferrer noopener">target price to $150 (from $155)</a>.
The analyst writes that they still have concerns about the trajectory of UPS&#8217;s Domestic operating margins in the medium-to-long term.
Chamoun notes the combination of cyclical tailwinds, moderating unit cost inflation, positive contributions from cost reduction programs, and a low valuation make the near-term risk/reward favorable.
After nearly two years of soft B2B demand, the analyst expects lower interest rates and a recovering industrial economy to drive a return to low single-digit growth in B2B volumes.
Additionally, UPS has implemented more pricing actions on lower-margin B2C customers, particularly in the U.S. Domestic segment, which the analyst notes will improve the volume mix going forward.
Chamoun estimates EPS of $7.49 (vs. $7.52 prior) for 2024 and $8.68 (vs. $8.81 prior) for 2025.
In October, UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars" rel="noreferrer noopener">above the consensus of $1.63.</a>
Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: UPS shares are up 1.05% at $129.88 at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/legal/24/12/42347179/amazon-blasts-lawsuit-over-alleged-slow-deliveries-to-certain-zip-codes-tells-ag-were-protecting-drivers" target="_blank" rel="noreferrer noopener">Amazon Blasts Lawsuit Over Alleged Slow Deliveries To Certain Zip Codes, Tells AG: &#8216;We&#8217;re Protecting Drivers&#8217;</a></li>
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Photo via Shutterstock.

Upgrades

UPS Near-Term Outlook Is Favorable Despite Margin Concerns, Analyst Upgrades Stock

President-elect Donald Trump announced former Congressman Sean Duffy to oversee the Department of Transportation (DOT) on Monday. 
Here's a look at how the latest Trump selection could affect companies in <a href="https://www.benzinga.com/news/24/11/42053292/trump-picks-sean-duffy-as-next-transportation-secretary-says-he-will-usher-in-the-golden-age-of-travel">the transportation sector. </a>
The Details: Duffy, who served in the U.S. House of Representatives from 2011 to 2019, most recently worked as Fox News Media host. He left the position on Monday, according <a href="https://www.nytimes.com/2024/11/18/us/politics/sean-duffy-trump-transportation-dot.html">to</a> the New York Times.
Duffy is the second Fox News employee to be nominated by Trump for a cabinet position. Last week, Trump picked Fox News host Pete Hegseth as Defense Secretary despite <a href="https://www.benzinga.com/news/24/11/41952962/trumps-surprise-defense-secretary-pick-pete-hegseth-jolts-wall-street">lack of government experience</a>.
In 1997, he was a cast member on MTV's "The Real World: Boston.&#8221;
As Transportation Secretary, Duffy would be in charge of major federal agencies, including the Federal Aviation Administration (FAA) and the National Highway Traffic Safety Administration (NHTSA). 
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
"He will prioritize Excellence, Competence, Competitiveness and Beauty when rebuilding America's highways, tunnels, bridges and airports. He will ensure our ports and dams serve our Economy without compromising our National Security, and he will make our skies safe again by eliminating DEI for pilots and air traffic controllers," Trump said in his announcement.&nbsp;&nbsp;
<h3 class="wp-block-heading">Air Travel</h3>
If approved by the Senate, Duffy can be expected to address ongoing aviation <a href="https://www.benzinga.com/general/travel/24/11/42014904/boeing-begins-layoffs-is-the-737-max-recovery-enough-to-lift-ba-stock">safety issues</a>. This could include matters relating to Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and air traffic control challenges. As part of Trump's focus on efficiency, Duffy could potentially work to enhance safety measures while streamlining regulations. 
Major airline companies like Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) may be affected by potential policy and regulatory changes, as well. 
<h3 class="wp-block-heading">&#8216;Overall Negative For EV Industry&#8217;</h3>
The DOT also oversees the National Highway Traffic Safety Administration (NHTSA) which is expected to focus on regulatory frameworks for electric vehicles and autonomous driving technologies in the near term.  The NHTSA is likely to establish guidelines for emerging technologies like Tesla, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) autonomous driving software. 
Recent reports suggest Trump has plans to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban">ease restrictions</a> on self-driving vehicles, which could help companies like Tesla expand FSD and bring robotaxis to the market.
Tesla CEO Elon Musk campaigned heavily for Trump and provided millions to his campaign coffers ahead of Election Day.
At the same time, it seems likely that the incoming Trump administration <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">will eliminate </a>or reduce many of the EV purchase incentives included in the Biden administration&#8217;s Inflation Reduction Act (IRA). 
Wedbush analysts said that Tesla&#8217;s rivals, U.S.-based EV startups like Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), could face a major set-back if Trump rolls back current EV tax incentives and rebates, as reports suggest. 
"We believe a Trump presidency would be an overall negative for the EV industry as likely the EV rebates/tax incentives get pulled," Wedbush analysts wrote.&nbsp;
<h3 class="wp-block-heading">Railroads</h3>
If Duffy is confirmed, he will also oversee the Federal Railroad Administration (FRA), which is responsible for safety measures across the rail network. He may address safety concerns following incidents like the East Palestine <a href="https://www.benzinga.com/news/24/04/38240139/norfolk-southern-to-pay-600m-in-ohio-train-derailment-lawsuit">derailment in 2023</a>.
Duffy will also manage billions in federal grants aimed at improving rail infrastructure and upgrading aging rail systems to enhance efficiency and safety. Railroad companies including CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Norfolk Southern Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) and Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) may benefit from such improvement projects. 
Investors can also monitor the broader transportation sector through ETFs which track its performance including the iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and the First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>). 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Image: Shutterstock&nbsp;

Politics

Travel

General

LCID

RIVN

TSLA

What Trump's DOT Pick Could Mean For EVs, Airlines, Railroad Stocks

The U.S. Justice Department's Antitrust Division and the Department of Transportation announced on Thursday they have opened a broad public inquiry into the state of competition in air travel on topics including previous airline mergers, aircraft manufacturing, airline ticket sales, <a href="https://www.benzinga.com/government/24/09/40745931/delta-southwest-and-other-airlines-in-hot-waters-with-us-transportation-department-for-unfair-reward">pricing and rewards practices</a>.
The Details: The agencies <a href="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state">have issued</a> a Request for Information (RFI) and seek the public's input on anticompetitive conduct, consolidation and issues affecting the availability and affordability of air travel options.&nbsp;
"Competition in air travel is a vehicle for better quality, better fares and better choices for Americans," said Assistant Attorney General Jonathan Kanter of the Justice Department's Antitrust Division.
"With this inquiry, we hope to learn more from the businesses and travelers at the center of this essential industry. Their feedback will ensure the Justice Department can continue to build on its historic efforts to protect competition in air travel," Kanter added.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
The U.S. Travel Association reacted to the DOJ's public inquiry into competition in air travel, which it sees as politically motivated.&nbsp;
"Today's announcement by the Departments of Transportation and Justice that they will launch ‘broad inquiries' into airline business practices is another in a long line of disappointing political stunts," the U.S. Travel Association said <a href="https://www.ustravel.org/press/us-travel-reacts-doj-dot-inquiry-air-travel-competition">in a statement</a>.
DOJ Cracks Down: Under the Biden administration, the DOJ has cracked down on industry consolidation and mergers and successfully blocked <a href="https://www.benzinga.com/news/24/03/37455281/jetblue-spirit-airlines-shares-are-moving-monday-whats-going-on">the merger</a> of JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and Spirit Airlines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NASDAQ">SAVE</a>) earlier this year.  
Spirit Airlines continues to face financial trouble and a potential bankruptcy after the deal with JetBlue fell through. Earlier this week, it was reported the<a href="https://www.benzinga.com/m-a/24/10/41496171/whats-going-on-with-spirit-airlines-stock-wednesday"> airline had resumed</a> preliminary merger discussions with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>). The potential merger of the two airlines would likely coincide with Spirit's restructuring of its debt and other liabilities in bankruptcy and could be affected by actions resulting from the DOJ's latest inquiry. 
Last month, the DOT launched an inquiry into whether the loyalty programs of the four largest U.S. airlines have engaged in unfair, deceptive or noncompetitive practices. Transportation Secretary Pete Buttigieg sent a letter to American Airlines, Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) requesting records and reports related to the airlines&#8217; loyalty programs, practices and policies.
Federal agencies did allow a merger between Hawaiian Holdings, Inc. and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) <a href="https://www.benzinga.com/government/24/08/40455513/alaska-airlines-hawaiian-airlines-1-9b-merger-gets-doj-green-light-awaits-transportation-department">to be completed</a> in September. However, the DOT required the companies to agree to a set of consumer protections before giving the deal the green light. 
Why It Matters: Other companies in the airline industry may be affected by the joint inquiry announced Thursday, including planemaker Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and parts supplier Spirit Aerosystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>). Investors can monitor the effects on the industry through airline-focused ETFs, including the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and the iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>). 
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41551820/flying-taxis-are-almost-here-joby-archer-aviation-applaud-new-faa-regulations-for-evtol-aircraft">Flying Taxis Are Almost Here: Joby, Archer Aviation Applaud New FAA Regulations For eVTOL Aircraft</a></li>
</ul>
Image: Courtesy of&nbsp;United Airlines Holdings, Inc.

Legal

iShares Dow Jones US Financial Sector Index Fund

JBLU

SAVE

ULCC

DOJ, DOT Open Inquiry Into Airline Competition Amid Rising Concerns

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares are trading lower following <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41483669/old-dominion-freight-line-reports-third-quarter-2024-earnings-per-diluted-share-of-1-43" rel="noreferrer noopener">third-quarter results</a>.
The company reported a revenue decline of&nbsp;3.0%&nbsp;year-over-year to&nbsp;$1.470 billion, missing the consensus of&nbsp;$1.492 billion. EPS was&nbsp;$1.43,<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> missing the consensus of&nbsp;$1.47.</a>
The revenue decrease is primarily due to a&nbsp;4.8% decrease in LTL tons per day, partially offset by a 1.5% increase in LTL revenue per hundredweight.
The decline in LTL tons per day is attributed to a 3.4% drop in LTL shipments per day and a 1.4% reduction in LTL weight per shipment.
LTL revenue per hundredweight, excluding fuel surcharges, rose 4.6% in the quarter.
Operating income fell 9.7%&nbsp;to&nbsp;$401.9 million, with an operating ratio of&nbsp;72.7%, compared to&nbsp;70.6%&nbsp;a year ago.
Old Dominion&#8217;s operating cash flow was&nbsp;$446.5&nbsp;million&nbsp;for the&nbsp;third quarter&nbsp;and&nbsp;$1.3&nbsp;billion&nbsp;for the first nine months.
As of September 30, the company had&nbsp;$74.2&nbsp;million&nbsp;in cash and equivalents. Capital expenditures stood at&nbsp;$242.8&nbsp;million&nbsp;in the&nbsp;third&nbsp;quarter.
For the first nine&nbsp;months of this year, Old Dominion returned capital to shareholders, spending&nbsp;$824.8&nbsp;million&nbsp;on share repurchases, including a&nbsp;$200 million&nbsp;accelerated program, and paying&nbsp;$168.2&nbsp;million&nbsp;in dividends.
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, &#8220;Old Dominion&#8217;s third quarter financial results reflect ongoing softness in the domestic economy. The challenging operating environment, and strong comparable results for the third quarter of 2023, resulted in the first year-over-year decrease in our quarterly revenue and earnings per diluted share this year.&#8221;
&#8220;The decrease in revenue had a deleveraging effect on many of our operating expenses, which contributed to the 110 basis point increase in our overhead costs as a percent of revenue. Direct operating costs also increased as a percent of revenue despite our team operating very efficiently during the third quarter.&#8221;
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>).
Price Action: ODFL shares are down 5.79% at $187.99 premarket at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41407450/old-dominion-freight-line-faces-sluggish-industrial-demand-analyst-downgrades-stock" target="_blank" rel="noreferrer noopener">Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock</a></li>
</ul>

Old Dominion Freight Line Q3: Misses On Earnings And Revenue As Economic Headwinds Weigh

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price <a target="_blank" href="https://www.benzinga.com/quote/USM/analyst-ratings" rel="noreferrer noopener">target to $210 from $214</a>.
The analyst writes that consensus/BMOe F2025 earnings expectations have decreased by 13%/15%. Demand remains muted, and the timeline for a recovery in freight markets continues to be delayed.
The downgrade reflects anticipation of further negative revisions as the recovery timeline for freight markets extends.
Chamoun says that industrial demand, which represents two-thirds of LTL traffic, remains sluggish.
The analyst writes that although loosening monetary policy is expected to boost volume eventually, the delay between lower rates and a resurgence in demand extends the potential recovery timeline into H2 2025 or beyond.
With multiples at record highs, the near-term margin of safety is limited, adds the analyst.
The analyst reduced the below-consensus forecast for FY25 by 2.5% to $6.00 (versus consensus at $6.27) and for FY26 by 3.3% to $7.06 (compared to consensus of $7.15).
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>).
Price Action: ODFL shares are down 0.82% at $199.86 at the last check Friday.
Photo via Shutterstock
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</ul>

Downgrades

Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41343973/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" rel="noreferrer noopener">reported&nbsp;third-quarter results</a>.
Operating revenue fell 3% Y/Y to $3.07 billion, beating the consensus of $3.02 billion. Revenue declined mainly due to a 5% Y/Y drop in gross revenue per load in Intermodal (JBI) and a 6% Y/Y decrease in Truckload (JBT).
Additionally, load volumes fell by 10% in Integrated Capacity Solutions (ICS) and 6% in Dedicated Contract Services (DCS), along with 6% fewer stops in Final Mile Services (FMS).
Total operating revenue, excluding fuel surcharge revenue, decreased by less than 1% Y/Y in the quarter.
Operating income dipped 7%&nbsp;Y/Y to&nbsp;$224.1&nbsp;million due to decreased revenue across all segments except JBI, along with rising expenses related to personnel, insurance, claims, and equipment.
EPS of&nbsp;$1.49 surpassed <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.47</a>.
As of September 30, the company had cash and cash equivalents of about $120 million.
In the third quarter of 2024, the company repurchased shares worth around $200 million. As of September 30, J.B. Hunt had around $967 million remaining under its share repurchase authorization.
Investors can gain exposure to the stock via&nbsp;IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>).
Price Action: JBHT shares are up 7.12% at $187.09 premarket at the last check Wednesday.
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</ul>

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

JBHT

Why Is J.B. Hunt Stock Surging Premarket On Wednesday?

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) formed a multiyear partnership to incorporate Avride&#8217;s delivery robots and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41163664/uber-and-avride-announce-autonomous-delivery-and-mobility-partnership" rel="noreferrer noopener"> autonomous vehicles into Uber and Uber Eats</a>.
The delivery partnership will begin with sidewalk robots for Uber Eats in Austin in the coming weeks, followed by expansions to Dallas and Jersey City later this year. The mobility partnership is set to launch for riders in Dallas next year.
Post-launch, consumers requesting a qualifying delivery or ride on the Uber Eats or Uber apps may have the option to use an Avride delivery robot or autonomous vehicle for their trip.
Dara Khosrowshahi, CEO of Uber, stated, &#8220;Autonomous mobility and delivery hold a ton of promise for consumers and communities. We&#8217;re excited to partner with Avride to bring their technology to more people in more places, as they continue to scale.&#8221;
Dmitry Polishchuk, CEO of Avride, said, &#8220;We plan to expand the total fleet of Avride robots operating within Uber Eats to hundreds in 2025, followed by the launch of our robotaxi service.&#8221;
In a separate release, Uber revealed a three-year strategic partnership with tire technology company ENSO to <a target="_blank" href="https://www.uber.com/newsroom/enso/" rel="noreferrer noopener">introduce </a>energy-efficient, low-emission EV tires in the U.K. and the U.S.
Earthshot Prize Finalist, ENSO is a London-born company that makes EV tires that extend EV range and reduce tire pollution. Uber has become a Founding Partner of The Earthshot Prize, founded by HRH Prince William, and will support the climate solutions.
Last month, Uber partnered with Spirit Halloween for on-demand delivery, offering discounts and perks for Uber One <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41070711/uber-secures-5b-revolving-credit-facility-also-teams-up-with-spirit-halloween-for-delivery" rel="noreferrer noopener">members during Halloween season</a>.
Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are down 0.4% at $72.58 at the last check Thursday.
Photo by yu_photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41157836/teslas-cybercabs-could-be-a-potential-ride-sharing-disruptor-says-analyst-heres-wha" target="_blank" rel="noreferrer noopener">Tesla&#8217;s &#8216;Cybercabs&#8217; Could Be A Potential Ride-Sharing Disruptor, Says Analyst: Here&#8217;s What Investors Can Expect At Oct 10 Robotaxi Event</a></li>
</ul>

Contracts

BUYZ

Uber & Avride Join Forces for Autonomous Delivery; Partners With ENSO For Low-Emission EV Tires

Oppenheimer analyst raised the price target at Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to $95 (from $90) and <a target="_blank" href="https://www.benzinga.com/quote/UBER/analyst-ratings" rel="noreferrer noopener">maintained an Outperform rating</a>.&nbsp;&nbsp;
The analyst performed a survey that indicates a significant opportunity for restaurant delivery.
The analyst writes that despite economic pressures, 71% of non-users are unaware of savings from monthly subscriptions, highlighting the potential for new user acquisition through better marketing.
Grocery delivery lags behind restaurant delivery by ten percentage points (57% vs. 67%), with 73% preferring in-person shopping.
Based on favorable restaurant delivery trends, the analyst raised the 2025 estimated delivery share gains to 58 basis points, up from the previous 46 basis points.
Consequently, the analyst increased Uber Delivery gross transaction value (GTV) by 2% for 2025 and 2026 to account for greater frequency opportunities and anticipated consumer tailwinds from expected rate cuts in 2025.
Friday, Uber partnered with Spirit Halloween for on-demand delivery, offering discounts and perks for Uber One <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41070711/uber-secures-5b-revolving-credit-facility-also-teams-up-with-spirit-halloween-for-delivery" rel="noreferrer noopener">members during Halloween season</a>.
Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares closed lower by 1.73% to $75.75 on Friday.
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</ul>
Photo by yu_photo via Shutterstock

Tech

This Analyst Sees More Than 25% Upside In Uber Thanks To Increased Food Delivery Penetration

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading slightly higher on Friday following the announcement of the addition of 20 Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) Tre fuel cell electric vehicles (FCEVs) to enhance sustainability solutions for customers<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41068791/j-b-hunt-adds-20-additional-nikola-fcevs-to-expand-sustainability-solutions-for-customers" rel="noreferrer noopener"> with freight needs along the West Coast.</a>
The Nikola FCEVs will complement the more than 200 alternative-powered vehicles that J.B. Hunt currently operates for its customers, including battery-electric, hydrogen-electric, and renewable natural gas (RNG) vehicles.
&#8220;Zero-emission vehicles such as these will help along the path to generate viable, sustainable options that help customers advance their efforts to reduce carbon emissions,&#8221; &nbsp;said Greer Woodruff, executive vice president of safety, sustainability, and maintenance at J.B. Hunt.
Nikola will provide fueling and infrastructure support through its HYLA brand. According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NKLA stock has lost over 90% in the past year.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40310274/nikola-ceo-steve-girsky-is-not-worried-about-competition-from-tesla-battery-trucks-dont-work-everywh" rel="noreferrer noopener">Nikola CEO Steve Girsky Is Not Worried About Competition From Tesla: &#8216;&#8230;Battery Trucks Don&#8217;t Work Everywhere&#8217;</a>
Earlier, in 2023, J.B. Hunt acquired three Nikola FCEVs that are now supporting dedicated customer operations.
Recently, the company launched a pilot program with Clean Energy featuring the new Cummins X15N engine, which represents the latest advancements in RNG-powered vehicles.
Additionally, J.B. Hunt has helped customers like Daimler Truck North America and Electrolux incorporate alternative-powered vehicles into their operations.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, JBHT stock has lost over 6% in the past year. Investors can gain exposure to the stock via&nbsp;Vesper US Large Cap Short-Term Reversal Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTRN#NYSE">UTRN</a>) and iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: JBHT shares are trading higher by 1.25% to $173.65 at last check Friday. NKLA shares were up 2.39% to $4.28.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41068397/tesla-cranks-up-the-heat-in-china-extends-5-year-0-interest-loan-offer-to-oct-31" target="_blank" rel="noreferrer noopener">Tesla Cranks Up The Heat In China, Extends 5-Year, 0% Interest Loan Offer to Oct 31</a></li>
</ul>
Photo via Shutterstock

NKLA

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN

J.B. Hunt Expands Fleet with 20 Nikola EVs: What's Going On?

On Friday, Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) announced it has partnered with Spirit Halloween to enhance<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41065750/uber-eats-partners-with-spirit-halloween-across-north-america" rel="noreferrer noopener"> its on-demand delivery services</a>.
The Spirit Halloween catalog will be accessible on Uber at the same in-store prices.
Uber One members will get a $0 delivery fee and a 5% discount on Spirit Halloween orders over $35. Additionally, all consumers can receive up to 40% off their next Spirit Halloween purchase of $50 or more through Halloween.
Beryl Sanders, Director of U.S. Grocery &amp; Retail partnerships at Uber said, "The holiday season officially kicks off this time of year, and households across the country are looking to on-demand delivery to get what's needed—now,"
"That's one of the reasons we're most excited to bring Spirit Halloween to Uber Eats and our other Uber apps to make costumes and other Halloween must-haves a cinch."
Also, Uber entered into a new $5 billion Credit Agreement with Bank of America, replacing its previous <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1543151/000155278124000539/e24397_uber-8k.htm" target="_blank" rel="noreferrer noopener">2015</a> agreement.
The unsecured revolving loans mature in 2029 and can be drawn in U.S. dollars or other currencies for general corporate purposes.
The loans offer interest options tied to either the term SOFR rate plus a 1% margin or a base rate with no margin.
The commitment fee starts at 0.125% annually, with interest rates and fees fluctuating based on Uber's debt ratings.
The agreement includes standard covenants and default conditions, requiring a minimum EBITDA-to-interest ratio of 3:1. At closing, $413 million in letters of credit were transitioned from the previous agreement, but no funds were borrowed.
Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are down 1.03% at $75.90 at the last check on Friday.
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</ul>
Image Courtesy of Dutchmen Photography via Shutterstock

Financing

Uber Secures $5B Revolving Credit Facility, Also Teams Up With Spirit Halloween for Delivery

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares are trading marginally higher on Wednesday <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">in the premarket session.</a>
Today, the company has finalized a partnership with WeRide, an autonomous driving technology firm, to integrate WeRide&#8217;s self-driving vehicles into the Uber platform, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41020151/weride-and-uber-partner-to-bring-autonomous-vehicles-to-the-uber-platform-beginning-in-the-united-" rel="noreferrer noopener">starting in the United Arab Emirates</a>.
The partnership is gearing up for an exciting launch in Abu Dhabi later this year, featuring a fleet of WeRide&#8217;s autonomous vehicles ready to roll through the Uber app. WeRide currently operates the largest robotaxi fleet in the UAE, where residents can access its robotaxi services through the TXAI app.
However, this bold venture won&#8217;t be expanding to the U.S. or China.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41020937/us-stocks-may-stall-after-s-p-500-hits-another-record-micron-earnings-meta-connect-on-traders-radar" rel="noreferrer noopener">US Stocks May Stall After S&amp;P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders&#8217; Radar: Why This Strategist Is Optimistic About Q4</a>
Additionally, in July 2023, WeRide received the UAE&#8217;s first and only national license for self-driving vehicles, which permits the testing and operation of its autonomous vehicles on public roads throughout the country.
Earlier this month, Uber inked a multi-year delivery partnership with Darden Restaurants, Inc., <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40935338/darden-and-uber-partner-to-introduce-on-demand-delivery-with-olive-garden-the-first-to-pilot" rel="noreferrer noopener">set to begin with Olive Garden in late 2024.</a>
The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber&#8217;s national delivery network.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UBER stock has gained over 72% in the past year. Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are trading higher by 0.59% to $77.90 premarket at last check Wednesday.
Photo by Daniel Fung on Shutterstock
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</ul>

Uber Teams With WeRide For UAE Robotaxi Rollout: Details

A possible strike by thousands of dockworkers at <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">East and Gulf coast ports</a> in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade.
The International Longshoremen's Association (ILA), representing more than 85,000 dockworkers, may go on strike on Oct. 1 as the union&#8217;s contract expires on Sept. 30 and negotiations between the ILA and U.S. Maritime Alliance of terminal operators show signs of breaking down, said Christian Roeloffs, CEO of online container leasing platform Container xChange.
&#8220;A strike now appears increasingly likely, threatening to disrupt nearly half of the nation&#8217;s ocean trade,&#8221; he said on Tuesday.
&#8220;The uncertainty is compounded by the fact that the duration of these strikes is unclear — it could be resolved within weeks or drag on for months, as seen with the West Coast strike last year.
&#8220;September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush.&#8221;
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
But it isn&#8217;t just a strike that threatens to disrupt the shipment of goods for the retail, automotive and other sectors, he said.
&#8220;This year presents an unprecedented combination of challenges that could heavily impact supply chains. Potential labor strikes, natural disasters, and tariff uncertainties are converging, creating a highly volatile environment for global trade,&#8221; he said. 
&#8220;This also led to the pulling forward of orders by retailers, which led to strong inventories in the U.S.&#8221;
A strike could also cause havoc for container leasing and trading companies by causing major delays, port congestion and rerouted cargo, Roeloffs said.
"Companies should anticipate short-term spikes in demand for leased containers as retailers rush to secure goods ahead of potential disruptions, particularly for seasonal inventory and industrial shipments," he said.
&#8220;While the threat of strikes looms large, it's important to note that U.S. inventories are currently strong due to the pulling forward of orders earlier this year to avoid existing disruptions. 
The retail, automotive and semiconductor industries, all of which could be impacted by a port strike, saw gains and losses into Tuesday&#8217;s mid-day trading.
<h1 class="wp-block-heading">Retail</h1>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell 1.18% to $79.61</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.26% to $152.45</li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) gained 0.89% to $385.42</li>
</ul>
<h1 class="wp-block-heading">Automotive</h1>
<ul>
<li>Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) gained 1.30% to $10.94</li>
<li>General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) picked up 1.59% to $47.62</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 0.18% to $15.16</li>
</ul>
<h1 class="wp-block-heading">Semiconductor</h1>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fell 0.43% to $168.35</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) declined 0.87% to $162.59</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.13% to $68.50</li>
</ul>
<h1 class="wp-block-heading">Indexes that follow the retail and automotive sectors trended upward</h1>
<ul>
<li>Dow Jones Transportation Average, which is tracked by the iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>), rose 1.2% to 16,032.91 points</li>
<li>S&amp;P Retail Select Industry Index, which is tracked by the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), gained 1.4% to 10,375.45 points</li>
<li>S&amp;P 500 Automobiles &amp; Components Index&nbsp;rose 2.7% to 130.02 points. There is no exchanmge-traded fund that closely follows this index, but First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) provides broad exposure to global automobile manufacturers and related companies, including those in the S&amp;P 500 Automobiles &amp; Components Index.</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a></li>
</ul>
Photo: Shutterstock

AVGO

CARZ

QCOM

STLA

US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert

제너럴 모터스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)와 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 혁신적인 제휴 이후 우버 테크놀로지스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)가 자율주행 혁명의 다음 물결을 타게 될 수도 있다.
제너럴 모터스가 엔비디아의 AI 기술을 활용하여 자율주행 기술을 개발함에 따라 차량호출 부문이 자율주행 미래에 가까워지고, <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44399929/how-the-nvidia-gm-partnership-could-challenge-tesla-boost-uber" target="_blank" rel="noopener">우버는 상당한 이익을 얻을 수 있을 것</a>으로 보인다. 이러한 추세에 투자하고자 하는 투자자에게는 특정 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">ETF가 좋은 방법이 될 수 있다</a>.
자율주행의 변화 속에서 우버에 투자하고 싶다면 확실한 노출을 제공하는 몇 가지 ETF는 다음과 같다.
iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>)
중요한 이유: 주요 운송 및 물류 회사에 중점을 두고 있으며, 우버의 자율주행차 포부는 장기적인 성장을 가속화할 수 있다. 우버를 핵심 보유 종목 중 하나로 보유하고 있으며 현재 19% 이상의 지분을 할당하고 있다.
Cambiar Aggressive Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NYSE">FTXR</a>)
중요한 이유: 알파 생성 전략을 통해 장기적인 자본 이득을 추구하며, 위험 감수성이 높은 투자자에게이 펀드를 제안한다. 펀드의 5.85%는 우버에 할당된다.
Pacer US Cash Cows Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUL#NYSE">BUL</a>)
중요한 이유: 잉여현금흐름 수익률을 기준으로 상위 50개 기업을 대상으로 S&amp;P 900 순수 성장 지수를 반영하여 자본 가치 상승을 목표로 한다. 펀드의 6.54%가 우버에 투자된다.
<h3>우버와의 연결 고리</h3>
제너럴 모터스는 최근 엔비디아와의 파트너십을 통해 AI 기반 자동화에 큰 베팅을 하고 있으며, 엔비디아의 AI 노하우를 활용하여 자율주행의 속도를 높이고 있다.
제너럴 모터스는 이전에 크루즈 로보택시에 엔비디아의 칩을 배포한 바 있으며, 이제 소비자 차량을 위한 운전자 지원 기술로 눈을 돌리는 중이다. 슈퍼 크루즈(Super Cruise) 기술을 통해 5년 내에 연간 20억 달러의 매출을 올릴 수 있을 것으로 예상하고 있으며, 이를 통해 경쟁 우위를 점할 수 있을 것으로 기대한다.
차량호출 회사 우버도 가만히 있는 것은 아니다. 이미 제너럴 모터스의 크루즈 사업부와 제휴를 맺어 우버 승객이 엔비디아의 AI로 구동되는 자율주행 쉐보레를 주문할 수 있는 미래를 내다보고 있다. 다라 코스로샤히(Dara Khosrowshahi) CEO는 자율주행 기술을 장기적인 계획의 핵심으로 보고 있음을 분명히 밝혔다.
우버, 제너럴 모터스, 엔비디아가 AI 기반 교통수단의 경계를 넓혀가고 있는 상황에서 투자 기회는 무시하기 어렵다. 이 물결에 편승할 방법을 찾고 있다면 우버에 초점을 맞춘 ETF가 최선의 선택이 될 수 있다.
사진: Shutterstock
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최근 항공 산업은 유가 변동성 증가로 인해 불안정한 상황을 겪고 있다. 3월 6일 브렌트 원유 가격이 배럴당 70달러 이하로 떨어졌다가 3월 7일 급격히 반등하면서 항공사 주식과 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener" data-google-interstitial="false">섹터 중심 ETF</a>는 롤러코스터를 탄 셈이다. 투자자들은 항공사 운영의 주요 요소인 에너지 비용이 항공 시장 전반에 미치는 영향을 면밀히 주시하고 있다.
또한 읽어보기: <a href="https://www.benzinga.com/news/global/25/03/44176027/geopolitics-tariffs-supply-glut-whats-next-for-oil-etfs">지정학적 요인, 관세, 공급 과잉: 석유 ETF의 향후 전망은?</a>
<h3 class="wp-block-heading">주목해야 할 항공 중심 ETF 세 가지</h3>
U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) – 금요일 종가 기준으로 0.99% 하락했다.
이 펀드는 주요 항공사, 항공기 제조사 및 공항 운영사에 대한 노출을 제공하는 가장 인기 있는 항공 ETF 중 하나이다. 이 펀드는 델타 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), 아메리칸 항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) 및 사우스웨스트 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>)과 같은 글로벌 항공사들의 주식을 보유하고 있다. JETS는 유가 변동성 속에서 어려움을 겪고 있지만, 다양한 접근 방식을 통해 투자자들에게 항공 산업에 대한 폭넓은 노출을 제공한다.
iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) – 금요일 종가 기준으로 0.69% 상승했다.
비록 항공사들에만 집중된 것은 아니지만, iShares Transportation Average ETF는 항공 주식에 상당한 비중을 두고 있으며, 철도, 트럭 운송 및 물류 회사들도 포함되어 있다. 연료 비용이 운송 부문 전반에 미치는 중요성을 감안할 때, IYT의 성과는 유가 변동과 밀접하게 연관되어 있어, 더 넓은 운송 분야에 대한 투자를 원하는 투자자에게 흥미로운 선택이 된다.
SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) – 금요일 종가 기준으로 0.01% 상승했다.
이 펀드는 항공사, 철도 및 해운 회사를 포함한 미국 운송 주식의 동등 가중 지수를 추적한다. 이 ETF는 주요 항공사들에 중점을 두고 있는 JETS에 비해 보다 균형 잡힌 접근 방식을 제공한다. 결과적으로, XTN은 유가 변동성 기간 동안 투자자에게 더 안정적인 수익을 제공할 수 있다.
또한 읽어보기: <a href="https://www.benzinga.com/news/25/03/44150023/why-exxon-mobil-xom-stock-hit-a-new-52-week-low-today">엑손 모빌(XOM) 주식이 오늘 52주 최저가를 기록한 이유</a>
유가를 흔드는 요인은?
최근 유가가 크게 변동하는 것은 주로 지정학적 및 경제적 요인 때문이다.
미국 항공사 주식은 경제적 우려를 나타내는 데이터가 발표된 후에 다시 하락하여 지난해 말 이후 최저 수준으로 떨어졌다. 유나이티드 항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)은 미국 항공사들 중 중국 노출이 가장 높은 항공사로 금요일 3.93% 하락 마감했고, 델타 항공도 3.06% 하락 마감했다. 아메리칸 항공은 금요일 1.66% 하락 마감했으며, 국내 중심의 항공사인 제트블루는 지난 화요일에 거의 6% 하락했다.
특히 광범위한 국제 네트워크를 가진 풀서비스 항공사들은 강한 수요와 완만한 국내 비행 성장 덕분에 잘 운영되고 있었다. 그러나 일부 애널리스트들은 이제 특히 가격에 민감한 고객을 위한 수요에 영향이 있을 수 있다고 예상하고 있으며, 이는 중요한 봄 여행 시즌을 앞두고 발생하는 일이다. <a href="https://www.cnbc.com/2025/03/04/airline-stocks-tumble-amid-economic-concerns.html#:~:text=Airline%20stocks%20fall%20as%20possible%20economic%20'soft%20patch'%20raises%20demand%20concerns,-Published%20Tue%2C%20Mar&amp;text=U.S.%20airline%20stocks%20tumbled%20to,to%20recent%20Commerce%20Department%20data.">CNBC에 따르면</a> 소비자 지출이 1월에 거의 2년 만에 처음으로 감소했다.
그러나 금요일에 미국이 전략비축유를 최대 용량으로 재충전할 계획을 밝혔다는 보도가 나오면서 유가 선물이 반등하였고, 이는 글로벌 공급을 긴축시켰다고 <a href="https://www.bnnbloomberg.ca/investing/2025/03/07/us-energy-chief-plans-to-seek-20b-to-refill-oil-reserve/">BNN 블룸버그</a>가 전했다.
이러한 일시적인 반등에도 불구하고, 원유 가격은 지난주 동안 약세를 보였으며, 미국 기준 유가는 7주 연속 하락세를 보였다.
항공사 주식의 반응
S&amp;P 500 항공사 산업 지수는 이러한 가격 변동의 영향을 받아 금요일 2.94% 하락 마감했으며, 나스닥 글로벌 스마트 항공사 지수는 0.98% 하락 마감 했다.
유가 상승은 일반적으로 항공사의 연료비 상승으로 이어져 마진을 압박하고 수익성에 영향을 미친다. 그러나 이번 주 유가가 약세를 보였음에도 불구하고 항공 부문에 노출된 ETF는 압박을 받고 있어 주식에 영향을 미치는 다른 요인이 작용하고 있음을 나타낸다. 유가가 약세를 유지하면 항공사 수익이 증가할 수 있어, 이러한 추세를 활용하려는 투자자에게 항공 ETF가 흥미로운 선택이 될 수 있다.
다음 읽기: 
<ul>
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/03/44196788/exclusive-vistashares-launches-warren-buffett-inspired-etf-filling-a-gap-in-the-market-says-ceo">독점: 비스타셰어즈, &#8216;시장 공백을 메운&#8217; 워렌 버핏 영감을 받은 ETF 출시</a></li>
</ul>
사진: Shutterstock
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

도널드 트럼프 대통령의 <a href="https://www.benzinga.com/topic/tariffs" target="_blank" rel="noopener" data-google-interstitial="false">최근 관세 조치</a>가 글로벌 무역에 큰 혼란을 일으키고 있지만, 중국은 익숙한 반격을 준비하고 있을지도 모른다.
JP모건의 애널리스트인 브라이언 P. 오센벡(Brian P. Ossenbeck)에 따르면, 농산물 수출—특히 옥수수, 소맥 및 대두—이 중국의 보복 타겟이 될 가능성이 높다.
이와 관련된 새로운 전개는 튜크리움 옥수수 펀드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CORN#NYSE">CORN</a>), 튜크리움 소맥 펀드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEAT#NYSE">WEAT</a>) 및 튜크리움 대두 펀드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOYB#NYSE">SOYB</a>)에 투자하는 투자자들에게도 중요한 영향을 미칠 수 있다.
과거에도 미국 농산물 수출을 방해하기 위해 관세를 활용해온 베이징은 다시 한번 이 전술을 사용하여 미국 생산자와 정책 입장에 압력을 가할 수 있다.
관련 기사 읽기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43432736/copper-stocks-on-shaky-ground-jpmorgan-analysts-say-tariffs-deepseek-cloud-outlook">구리 주식, 불안한 상황: JP모건 애널리스트들이 말하는 관세와 딥시크 클라우드 전망</a>
<h2 class="wp-block-heading">익숙한 플레이북: 농업이 압박 수단</h2>
오센벡은 미국의 농산물 수출, 특히 대두가 과거의 무역 긴장으로 인해 심각한 영향을 받아왔다고 강조한다. &#8220;미국 농무부의 연구에 따르면, 관세가 2018-2019년 동안 미국 농산물 수출을 270억 달러 감소시켰고, 대두가 그 감소의 71%를 차지했다.&#8221;
역사가 반복된다면, 미국 농부들은 또 다른 고통스러운 혼란을 겪게 될 수 있다.
<h2 class="wp-block-heading">철도 경고</h2>
잠재적인 관세의 영향은 농장에서 그치지 않는다. BNSF(2.5% 노출)와 유니언 퍼시픽 철도(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) (1% 노출)과 같은 미국 철도 대기업들은 대두 수출과 직접적으로 연결되어 있어 압박을 받을 수 있다.
오센벡의 분석에 따르면, 곡물에 대한 보복 관세는 운송 주식에 부담을 줄 수 있으며, 이미 어려움을 겪고 있는 운송 부문에 또 다른 변동성의 층을 추가할 수 있다. iShares US Transportation ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>)에 투자하는 투자자들은 자신들의 보유 자산에 주의해야 한다.
<h2 class="wp-block-heading">무역 긴장이 수입 러시를 촉발</h2>
한편, JP모건의 데이터에 따르면 수입업체들이 영향을 대비하고 있다. 오센벡은 &#8220;2024년 하반기부터 중국에서의 수입이 미리 반입된 것이 계속해서 2025년 초까지 이어진 것으로 보인다&#8221;고 지적한다.
1월 컨테이너화된 수입이 사상 최대치를 기록하여 기업들이 예상되는 관세 전에 물품을 비축하고 있음을 나타냈다.
<h2 class="wp-block-heading">앞으로의 변동성이 큰 길</h2>
멕시코와 캐나다에 대한 관세 30일 연기가 시장에 일시적인 안도감을 주었지만, &#8220;우리는 여러 전선에서 길고 변동성 있는 무역 전쟁의 첫 발포 이후에 &#8216;안전하다&#8217;고 소리치는 것이 아니다&#8221;라고 오센벡이 말한다.
투자자들은 경계를 유지해야 하며, 중국의 다음 움직임은 바로 코앞에 있을 수 있으며, 이는 미국 농업에 가장 큰 타격을 줄 수 있다.
다음 읽기: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43454424/china-strikes-back-new-tariffs-up-to-15-on-certain-us-imports-in-retaliation-for-trumps-10-levy-on-chinese-goods">중국의 반격: 미국 수입품에 최대 15%의 새로운 관세 부과, 트럼프의 10% 중국산 제품 관세에 대한 보복</a></li>
</ul>
이미지: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

오펜하이머(Oppenheimer)의 애널리스트가 우버 테크놀로지스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)의 목표 주가를 90달러에서 95달러로 상향 조정하고 <a href="https://www.benzinga.com/quote/UBER/analyst-ratings" target="_blank" rel="noreferrer noopener">아웃퍼폼(</a><a href="https://www.benzinga.com/quote/UBER/analyst-ratings" target="_blank" rel="noreferrer noopener">Outperform</a><a href="https://www.benzinga.com/quote/UBER/analyst-ratings" target="_blank" rel="noreferrer noopener">) 등급을 유지</a>했다.
이 애널리스트는 설문조사를 실시하여 레스토랑 배달 서비스에 대한 상당한 기회를 확인했다.
이 애널리스트는 경제적 압박에도 불구하고 비사용자의 71%가 월간 구독으로 인한 비용 절감을 인식하지 못하고 있으며, 이는 더 나은 마케팅을 통해 신규 사용자 확보 가능성을 강조한다고 썼다.
식료품 배달 서비스는 레스토랑 배달 서비스에 비해 10% 포인트 뒤처지며(57% 대 67%), 73%는 직접 쇼핑을 선호한다.
레스토랑 배달 서비스의 긍정적인 추세를 기반으로 이 애널리스트는 2025년 예상 배달 점유율 증가폭을 46베이시스포인트(bp)에서 58bp로 상향 조정했다.
결과적으로 이 애널리스트는 2025년에 예상되는 요금 인하로 인해 더 큰 빈도 기회와 예상되는 소비자 순풍을 설명하기 위해 2025년과 2026년에 우버 딜리버리(Uber Delivery)의 총 거래 가치(GTV)를 2% 늘렸다.
금요일, 우버는 주문형 배달을 위해 스피릿 할로윈(Spirit Halloween)과 파트너십을 맺고 <a href="https://www.benzinga.com/markets/equities/24/09/41070711/uber-secures-5b-revolving-credit-facility-also-teams-up-with-spirit-halloween-for-delivery" target="_blank" rel="noreferrer noopener">할로윈 시즌 동안</a> 우버 원(Uber One) 회원에게 할인과 혜택을 제공했다.
투자자들은 iShares Trust iShares U.S. Transportation ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) 및 Franklin Disruptive Commerce ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>)를 통해 주식에 노출될 수 있다.
주가 움직임: 우버의 주식은 금요일에 1.73% 하락하여 75.75달러로 마감했다.
다음 기사 읽기:
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%EB%B3%B4%EC%9E%89-737-%EB%A7%A5%EC%8A%A4-%EC%A0%9C%ED%8A%B8%EA%B8%B0-%EC%8A%B5%EA%B8%B0-%EB%88%84%EC%B6%9C%EB%A1%9C-%EC%A1%B0%EC%A2%85-%ED%8E%98%EB%8B%AC%EC%9D%B4-%EB%A7%89%ED%98%80-%EC%83%88/" target="_blank" rel="noopener">보잉 737 맥스 제트기, 조작 페달 고장으로 인한 새로운 안전 문제 발생 및 조사관들이 습기 누수 위험 지적</a></li>
</ul>
사진 제공: yu_photo via Shutterstock
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

이 분석가는 음식 배달 보급률 증가로 인해 우버의 상승 여력이 25% 이상이라고 예측

4월이 끝나가면서 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">이번 달</a>의 최고 성과 부문 및 업계 상장지수펀드(ETF) 순위를 집계할 때가 되었다.
주식 시장을 더 폭넓게 살펴보면 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)로 대표되는 S&amp;P 500 지수는 약 3% 하락하며 4월을 하락세로 마감했다. 이로써 5개월 연속 상승세가 끝났다.
마찬가지로, Invesco QQQ Trust(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)가 추적하는 기술주 중심의 나스닥 100 지수는 3.5% 하락했다.
대형주 지수 중에서 우량주는 SPDR Dow Jones Industrial Average ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)가 4.5% 하락하는 등 저조한 성과를 보였다.
iShares Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)로 대표되는 소형주는 6% 이상 급락하여 2023년 10월 이후 최악의 실적을 기록했다.
전반적으로 이번 달은 예상을 뛰어넘는 인플레이션으로 인해 주식시장에 어려운 달이었다. 이로 인해 연방준비제도(연준)의 금리 인하 가능성에 대한 시장 기대가 재조정되었다.
또한 현재 진행 중인 가자지구 문제와 함께 특히 이스라엘과 이란 간의 복잡한 글로벌 지정학적 긴장이 대두되고 있다.
5월은 투자자들이 수요일 연준의 공개시장위원회(FOMC) <a href="https://www.benzinga.com/general/macro-notification/24/04/38526201/is-hawkish-shift-on-inflation-imminent-wall-street-analysts-traders-brace-for-fed-impa">회의</a>를 기다리면서 중요한 행사로 시작될 것으로 예상된다.
금리 변동은 없을 것으로 예상되지만 최근 인플레이션에 대한 대응으로 연준의 입장을 평가하기 위한 제롬 파월 연준 의장의 발언에 모든 ​​관심이 쏠릴 것이다.
<h2 class="wp-block-heading">2024년 4월 섹터 ETF의 성과</h2>
섹터수준에서는 유틸리티 섹터만 이번 달 손실을 피해 2.1% 상승했다.
4월에 유틸리티 섹터의 가장 큰 주식 공헌자는 넥스트에라 에너지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), 서던 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), 도미니언 에너지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) 및 NRG 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)로 4%에서 8% 사이의 월간 상승을 보여주었다.
에너지 주식들은 전반적으로 안정적이었으며, S&amp;P 500의 다른 9개의 섹터들은 모두 손실을 보여주었다.
부동산은 한 달 동안 국채 수익률이 전반적으로 상승함에 따라 금리에 대한 높은 민감도로 인해 7% 이상 하락하는 최악의 실적을 기록했다.
부동산 다음으로, 기술 및 헬스케어 섹터 역시 4월에는 좋지 않은 성과를 보였다.
<h4 class="wp-block-heading">4월의 최고와 최악의 섹터 ETF: 유틸리티 우위, 부동산 부진</h4>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>Sector</th>
<th>April 2024 performance</th>
</tr>
</thead>
<tbody>
<tr>
<td>유틸리티 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>2.06%</td>
</tr>
<tr>
<td>에너지 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>0.01%</td>
</tr>
<tr>
<td>생필품 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-1.11%</td>
</tr>
<tr>
<td>산업 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-3.23%</td>
</tr>
<tr>
<td>생활소비재 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-3.68%</td>
</tr>
<tr>
<td>금융섹터 셀렉트 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-3.85%</td>
</tr>
<tr>
<td>소재 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-4.13%</td>
</tr>
<tr>
<td>통신서비스 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-4.24%</td>
</tr>
<tr>
<td>기술 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-4.78%</td>
</tr>
<tr>
<td>건강관리 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-4.85%</td>
</tr>
<tr>
<td>부동산 셀렉트 섹터 SPDR 펀드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-7.83%</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">2024년 4월 30일 오후 2시 50분 EDT 기준</figcaption></figure>
<h2 class="wp-block-heading">2024년 4월 산업 ETF의 성과</h2>
블랙록(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)의 iShares가 제공하는 업계 ETF 목록에 따르면 25개 산업 중 5개 산업만이 4월에 상승세를 기록했다. 그중 광업주들은 은, 구리, 금 광산주가 강력한 상승세를 보이는 등 전반적으로 좋은 성적을 거두었다.
4월에 광업 산업의 개수의 존재의 의미있는 기여자들은 팬 아메리칸 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>)가 20% 이상 상승, 뉴몬트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)이 14% 상승, 앵글로 아메리칸(OTCPK:AAUKF)이 40% 이상 상승 등이었다.
에너지 생산업체들도 상승 마감할 수 있었다.
업계 순위에서 가장 낮은 부분에 있는 주택 건설업체, 운송, 생명공학 주식, 디지털 인프라 및 부동산은 모두 4월에 7%에서 9.6% 사이의 손실을 보고했습니다.
On the bottom side of the industry rankings, homebuilders, transportation, biotech stocks, digital infrastructure and real estate all report losses between 7% and 9.6% in April.
산업순위의 하위권에서는, 4월에 홈빌더, 운송, 바이오 기술 주식, 디지털 인프라 및 부동산이 각각 7%에서 9.6% 사이의 손실을 보고 있다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th></th>
<th>성과</th>
</tr>
</thead>
<tbody>
<tr>
<td>iShares MSCI 글로벌 실버 및 금속 채광업 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLVP#NYSE">SLVP</a>)</td>
<td>12.11%</td>
</tr>
<tr>
<td>iShares Copper and Metals Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>)</td>
<td>9.50%</td>
</tr>
<tr>
<td>iShares MSCI 글로벌 금괴 채굴업 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RING#NYSE">RING</a>)</td>
<td>5.93%</td>
</tr>
<tr>
<td>iShares MSCI 글로벌 금속 및 광업 생산업체 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PICK#NYSE">PICK</a>)</td>
<td>2.81%</td>
</tr>
<tr>
<td>iShares MSCI_Global_Energy_Producers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FILL#NYSE">FILL</a>)</td>
<td>2.46%</td>
</tr>
<tr>
<td>iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>)</td>
<td>-1.16%</td>
</tr>
<tr>
<td>한미파이 체인지 트럼프 월가 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEO#NYSE">IEO</a>)</td>
<td>-1.37%</td>
</tr>
<tr>
<td>아이쉐어스 레지던셜 앤 멀티섹터 부동산 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>)</td>
<td>-1.66%</td>
</tr>
<tr>
<td>iShares 리튬 채광 및 생산업체 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILIT#NYSE">ILIT</a>)</td>
<td>-3.30%</td>
</tr>
<tr>
<td>iShares U.S. 브로커-딜러 및 유가증권 거래소 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>)</td>
<td>-3.74%</td>
</tr>
<tr>
<td>iShares U.S. 금융 서비스 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>)</td>
<td>-3.88%</td>
</tr>
<tr>
<td>iShares 확장된 기술 섹터 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGM#NYSE">IGM</a>)</td>
<td>-4.37%</td>
</tr>
<tr>
<td>iShares 반도체 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>)</td>
<td>-4.40%</td>
</tr>
<tr>
<td>iShares U.S. Healthcare Providers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHF#NYSE">IHF</a>)</td>
<td>-4.79%</td>
</tr>
<tr>
<td>iShares U.S. 보험 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAK#NYSE">IAK</a>)</td>
<td>-4.85%</td>
</tr>
<tr>
<td>iShares U.S. Regional Banks ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAT#NYSE">IAT</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td>iShares U.S. Pharmaceuticals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHE#NYSE">IHE</a>)</td>
<td>-5.38%</td>
</tr>
<tr>
<td>iShares U.S. Oil Equipment &amp; Services ETF (NYSE:&lt;</td>
</tr>
</tbody>
</table>
</figure>

Biotech

Market Summary

Mid Cap

REIT

Broad U.S. Equity ETFs

Health Care

Small Cap

Econ #s

Federal Reserve

Real Estate

AAUKF

COPX

FILL

IDGT

ILIT

PAAS

PICK

RING

SLVP

SOXX

XLRE

월가에 소나기 내린 4월: 우울한 시장에 광업 및 유틸리티 부문이 상승하며 부상

J.B. 헌트 트랜스포트 서비스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>)의 주식은 회사가 <a href="https://www.benzinga.com/pressreleases/24/04/b38279872/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" target="_blank" rel="noreferrer noopener">2024년 1분기 실적을 보고한</a> 이후 하락했다.
영업 수익은 전년 동기 대비 9% 감소한 29억 4천만 달러로 컨센서스인 31억 2천만 달러를 하회했다.
수익 감소는 복합운송(JBI)과 트럭 운송(JBT) 모두에서 부하당 부문 총 수익이 9% 감소하고, 통합 용량 솔루션(ICS)에서 부하가 22% 감소했으며, 전용 계약 서비스(DCS)에서 평균 트럭 및 생산성이 완만하게 감소했기 때문이다.
유류 할증료 수익을 제외한 총 영업 수익은 1분기에 전년 동기 대비 약 7% 감소했다.
영업 이익은 JBI, ICS, JBT의 생산량 감소와 수율 압력, 장비, 보험, 청구 및 대손 비용 증가로 인해 전년 동기 대비  30% 감소한 1억 9,440만 달러를 기록했다.
1.22 달러의 주당 순이익은 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">1.52달러에 달할 것으로 예상된</a> 것보다 낮은 수치이다.
2024년 3월 31일 기준 회사의 현금 및 현금 등가물은 6,400만 달러이다.
2024년 1분기에 회사는 2,500만 달러의 주식을 다시 매수했다. 2024년 3월 31일 기준 J.B. 헌트는 주식 재매입 승인 아래 3억 6,600만 달러의 잔액을 유지하고 있다.
또 읽기 <a href="https://www.benzinga.com/news/earnings/24/04/38272659/j-b-hunt-transport-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-ear" target="_blank" rel="noreferrer noopener">J.B. 헌트 트랜스포트의 실적 이슈; 이 정확한 예측을 하는 몇몇 분석가들</a>
투자자들은 IShares Trust IShares U.S. 운송 ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) 및 VictoryShares 나스닥 넥스트 50 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQN#NASDAQ">QQQN</a>)를 통해 이 주식에 노출을 늘릴 수 있다.
JBHT shares are down 6.01% at $172.00 premarket on the last check Wednesday.
주가 움직임: 이 기사 작성 시점에 JBHT의 주식은 6.01% 떨어진 172.00달러에 거래되었다.
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