에 대한 최신 뉴스 SPDR S&P Transportation ETF (ARCA:XTN)

SPDR S&P Transportation ETF

Industrials

Technology

In seeking to track the performance of the S&P Transportation Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation segment of the S&P Total Market Index (S&P TMI).

Fedex Corp.

Joby Aviation Inc

Old Dominion Freight Line Inc.

Arcbest Corp

Ryder System Inc

Jetblue Airways Corp

GXO Logistics, Inc.

Knight-Swift Transportation Holdings Inc

Norfolk Southern Corp.

Xpo Logistics Inc.

Uber Technologies Inc

Alaska Air Group Inc.

Union Pacific Corp

Expeditors International Of Washington Inc.

Matson Inc

Csx Corp.

United Airlines Holdings Inc.

United Parcel Service Inc

What We Know So Far

Sector ETFs

ETFs

iShares Dow Jones Transportation Average Index Fund

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

Government

Latin America

News

Politics

Global

BDRY

CMRE

NMPGY

최근 도널드 트럼프 대통령이 파나마 운하의 지위 변경 가능성에 대해 언급한 발언은 여러 주식과 상장지수펀드(ETF)에 미칠 수 있는 영향에 대한 우려를 불러일으켰다. 전 세계 무역의 약 4%가 이 운하를 통과하며, 그 중 70% 이상이 미국을 오가는 화물이라는 점은 월스트리트 저널에 보도된 바 있다.

트럼프의 파나마 운하 인수? 외교가 대통령의 계획에 영향을 미칠 때 주목해야 할 주식

Specialty ETFs

항만 노동자들은 화요일에 화물 후크를 내려놓을 것으로 예상되며, 이로 인해 미국의 가장 바쁜 항구들의 활동이 중단될 가능성이 있다. 무슨 일이 (What Happened): 뉴욕 타임스에 따르면, 동부 및 걸프 해안에서 고용주와의 노조 대결로 인해 수십억 달러 상당의 화물을 중단시킬 수 있으며, 이로 인해 휴가를 앞두고 쇼핑이 복잡해질 수 있다.

美 항만 노동 파업이 임박: 대치로 하루 $10억의 비용 발생,  추수감사절 준비에 어려움 초래

Xtant Medical Holdings, Inc. Common Stock

Xtant Medical Holdings Inc

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.
Read Next: 
<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">EXCLUSIVE: VistaShares Launches Warren Buffett-Inspired ETF, &#8216;Filling A Gap In The Market,&#8217; Says CEO</a></li>
</ul>
Photo: Shutterstock

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

Recent <a href="https://www.benzinga.com/markets/equities/25/02/43420421/marco-rubios-panama-visit-will-trumps-aggressive-rhetoric-lead-to-war-or-diplomacy">statements</a> by President Donald Trump regarding potential changes in the status of the Panama Canal have raised concerns about possible impacts on various stocks and exchange-traded funds. After all, some 4% of global trade passes through the canal, with more than 70% of that traffic bound for or coming from the U.S., <a href="https://www.wsj.com/world/americas/china-panama-canal-development-what-it-means-7c5dc870">according</a> to the Wall Street Journal.
What Happened: On Sunday, Secretary of State Marco Rubio warned Panama&#8217;s President José Raúl Mulino that Washington will &#8220;take measures necessary&#8221; if Panama does not immediately take steps to put an end to what Trump&nbsp;considers China&#8217;s influence and control over the Panama Canal.
Following the talks with Rubio, who is on a tour of Central America, Mulino signaled he would review agreements involving China and Chinese businesses. Since Trump took office, he has reiterated his <a href="https://www.benzinga.com/24/12/42639737/trumps-call-to-reclaim-panama-canal-sparks-backlash-every-square-meter-belongs-to-panama-says-president-mulino" target="_blank" rel="noreferrer noopener">threat to forcibly retake the Panama Canal</a>, which generates some $2.5 billion in annual revenue for Panama.
As a critical conduit for international maritime trade, any changes to its operations could naturally affect companies involved in shipping, logistics and transportation.
<h1 class="wp-block-heading">Which Companies Might Be Affected? Quite A Few</h1>
Let's start with the shipping-owning company SFL Corporation Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>), which is engaged in the ownership and operation of vessels and offshore-related assets. There are two others that could see changes: Costamare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMRE#NYSE">CMRE</a>), which owns and charters container ships, and Navios Maritime Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMPGY#NYSE">NMPGY</a>), an international owner and operator of dry cargo vessels.
Next, we have the railway companies that provide freight services across the U.S. These include 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>), Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), Canadian Pacific Kansas City Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and the Canadian National Railway Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>).
Now let's look at the ETFs that focus on all of the above — shipping, air freight and the courier industries.
U.S. Global Sea to Sky Cargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEA#NYSE">SEA</a>), Breakwave Dry Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRY#NYSE">BDRY</a>) provides exposure to the daily change in the price of dry bulk freight futures and SPRD S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>), which represents the transportation segment of the S&amp;P Total Market Index ("S&amp;P TMI") designed to&nbsp;track the broad U.S. equity market.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/02/43420421/marco-rubios-panama-visit-will-trumps-aggressive-rhetoric-lead-to-war-or-diplomacy">Marco Rubio&#8217;s Panama Visit: Will Trump&#8217;s Aggressive Rhetoric Lead to War or Diplomacy?</a></li>
</ul>
Photo: Shutterstock

Trump's Takeover Of Panama Canal? Stocks To Watch As Diplomacy Affects President's Plan

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares dipped on Friday after Wells Fargo cut its price target on the stock <a target="_blank" href="https://www.benzinga.com/quote/jbht/analyst-ratings" rel="noreferrer noopener">from $200 to $190</a>.
Yesterday, the company reported fourth-quarter EPS&nbsp;of $1.53, which missed the consensus of $1.63, while sales&nbsp;of $3.15 billion were in<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43040470/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" rel="noreferrer noopener"> line with the street view</a>.
Operating revenue fell 5% year over year to $3.15 billion due to a 3% and 2% decline in revenue per load excluding fuel surcharge revenue in Intermodal and Truckload segments, respectively, a 4% reduction in average trucks in Dedicated Contract Services and a 22% decrease in load volume in <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">Integrated Capacity Solutions</a>.
Also, JP Morgan cut the price forecast to $200 from $205, while reiterating an Overweight rating.
Evercore ISI Group trimmed the price forecast to $202 from $207, reaffirming an Outperform rating.
Meanwhile, Stifel analyst J. Bruce Chan raised the price forecast to $174 from $161 <a target="_blank" href="https://www.benzinga.com/quote/jbht/analyst-ratings" rel="noreferrer noopener">while maintaining a Hold Rating</a>.
The analyst notes an unexpected $16 million intangible impairment charge, translating to about $0.10 per share.
Intermodal ended 2024 with record volumes, but residual contract pricing from earlier in the year weighed on revenue. The analyst adds that it is expected to remain a headwind until the third quarter of FY25, with only gradual improvement.
The analyst says the Dedicated segment continues to experience fleet contraction, likely persisting into the second quarter of FY25.
Chan writes that management guided first-quarter FY25 margins lower, citing a disconnect between optimistic Street estimates and expectations of inventory pull-forward, projecting a 20% &#8211; 25% sequential decline in operating income.
Overall, the analyst says this quarter had positives but raised concerns about near-term earnings and stock performance.
Chan lowered the first-quarter EPS estimates from $1.46 to $1.15, 2025 from $7.00 to $6.55, and set a 2026 EPS estimate of $8.10.
Benchmark analyst Christopher Kuhn writes that excluding an impairment charge in ICS from the BNSF acquisition, fourth-quarter EPS of $1.66 exceeded expectations owing to slightly better operating income than he expected. The analyst adds that first-quarter guidance is a disappointment.
The analyst says that he continues to consider JBHT&#8217;s diversified model and secular growth in Intermodal and Dedicated could support long-term EPS growth. However, patience may wane as estimates are revised down and mid-cycle earnings continue to get pushed out.&nbsp;&nbsp;
Investors can gain exposure to the stock via ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: JBHT shares are down 6.24% at $174.58 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43051358/us-stock-likely-to-open-higher-ahead-of-trumps-inaugration-all-11-sectors-to-report-growing-profits-in-2025-says-analyst" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Higher Ahead of Trump&#8217;s Inaugration: All 11 Sectors To Report Growing Profits In 2025, Says Analyst</a></li>
</ul>
Photo by Ground Picture on Shutterstock.

Analyst Color

Equities

Large Cap

Price Target

Reiteration

Analyst Ratings

Movers

Trading Ideas

JBHT

ProShares Trust ProShares Supply Chain Logistics ETF

SUPL

J.B. Hunt Q1 Guidance A Disappointment, Analyst Says

XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares are trading higher after it&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41620296/xpo-reports-third-quarter-2024-results" rel="noreferrer noopener">third-quarter results</a>.
Revenue growth of&nbsp;3.7% year-over-year to&nbsp;$2.05 billion,&nbsp;beating the consensus of&nbsp;$2.020 billion.
The revenue&nbsp;growth was aided&nbsp;by higher yield in the North American LTL segment and volume increase in the European Transportation segment.
Operating income was&nbsp;$176&nbsp;million, compared to&nbsp;$154&nbsp;million a year ago.
Adjusted EBITDA increased&nbsp;19.8% to&nbsp;$333&nbsp;million in the quarter, and the margin expanded to&nbsp;16.2% from&nbsp;14.0% last year in the same quarter.
North American Less-Than-Truckload revenue was&nbsp;$1.25 billion (+1.9% Y/Y). The adjusted operating ratio was&nbsp;84.2%, up 200&nbsp;bps year over year.&nbsp;
The segment saw a&nbsp;3.2%&nbsp;increase in shipments per day, a&nbsp;3.9%&nbsp; decline in daily tonnage, and a&nbsp;6.7%&nbsp;increase in yield, excluding fuel.
European Transportation generated revenue of&nbsp;$803&nbsp;million (+6.8% Y/Y), and the adjusted EBITDA margin was&nbsp;5.4%, down 40&nbsp;bps Y/Y, in the quarter.&nbsp;
Adjusted EPS was&nbsp;$1.02, up&nbsp;15.9% from the prior year,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$0.91.</a>
The company generated&nbsp;$264&nbsp;million of cash flow from operating activities&nbsp;in the quarter&nbsp;and ended the quarter with&nbsp;$378&nbsp;million&nbsp;of cash and cash equivalents on hand.
Mario Harik, chief executive officer of XPO, said, &nbsp;&#8220;And we&#8217;re tracking three years ahead of plan with linehaul insourcing, which enhances our network efficiency and quality of service.&#8221;
&#8220;We&#8217;re delivering on the strong results we promised for 2024, while positioning the business to accelerate earnings growth when the freight market recovers. The world-class service we provide creates value for our customers and will continue to be a key driver of our margin expansion.&#8221;
Investors can gain exposure to the stock via&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>) and&nbsp;SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: XPO shares are up 6.44% at $127.99 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41268133/nasdaq-s-p-500-futures-slip-as-september-cpi-data-looms-tesla-on-radar-ahead-of-robotaxi-event-stra" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Slip As September CPI Data Looms, Tesla On Radar Ahead Of Robotaxi Event: Strategist Offers Stock Tips Aligned With Presidential Candidates&#8217; Trade Policies</a></li>
</ul>

Earnings

Guidance

XPO Q3 Hits The Mark: North American LTL Segment Fuels Growth, EBITDA Up 20%

Ryder System Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) shares are trading lower on Thursday after it <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41512368/ryder-reports-third-quarter-2024-results" rel="noreferrer noopener">reported third-quarter results</a>.
Sales grew&nbsp;8%&nbsp;year-on-year to&nbsp;$3.17 billion,&nbsp;missing the analyst consensus estimate of&nbsp;$3.29 billion.
Revenue from Fleet Management Solutions fell&nbsp;1%&nbsp;to&nbsp;$1.47 billion, Supply Chain Solutions climbed&nbsp;10%&nbsp;to&nbsp;$1.317 billion&nbsp;and Dedicated Transportation Solutions jumped&nbsp;41%&nbsp;to&nbsp;$633 million.
Earnings before tax declined to $188 million from $213 million a year ago quarter. Adjusted EPS of&nbsp;$3.44 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the analyst consensus of&nbsp;$3.42.</a>
Operating cash flow for nine months totaled&nbsp;$1.7 billion, with a free cash flow of&nbsp;$218 million. Ryder System held&nbsp;$162 million&nbsp;in cash and equivalents as of September-end.
The company&#8217;s board recently authorized a new discretionary 2 million share repurchase program that <a target="_blank" href="https://www.benzinga.com//node/41327050" rel="noreferrer noopener">replaces the recently completed program.</a>
Ryder Chairman &amp; CEO Robert Sanchez said, &#8220;We saw double-digit earnings growth in our contractual businesses. Higher ChoiceLease results from our pricing and maintenance initiatives benefited FMS. Stronger operating performance and cost-management actions benefited SCS. DTS delivered strong earnings growth, demonstrating the resiliency of our legacy business. Each of the segments also benefited from recent acquisitions.&#8221;
&#8220;The long-term secular growth trends remain intact for all of our contractual businesses, although we are experiencing near-term sales headwinds that reflect the extended freight downturn and overall economic uncertainty.&#8221;
Outlook: Ryder lowered its FY24 operating revenue growth to ~7%&nbsp;(vs. ~8% prior) and tightened the adjusted EPS forecast to $11.90&nbsp;&#8211;&nbsp;$12.10 (vs. consensus of $12.13) <a target="_blank" href="https://www.benzinga.com//node/39966615" rel="noreferrer noopener">from&nbsp;$11.90&nbsp;&#8211;&nbsp;$12.40 earlier</a>.
For&nbsp;the fourth quarter, Ryder sees adjusted EPS of&nbsp;$3.32&nbsp;&#8211;&nbsp;$3.52&nbsp;against <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the consensus of&nbsp;$3.57</a>.
Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: R shares are down 4.36% at $138.71 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41512809" target="_blank" rel="noreferrer noopener">Uber, Lyft Shares Are Sliding In Premarket Today: Is Elon Musk&#8217;s Robotaxi Plan The Reason?</a></li>
</ul>

Buybacks

FTXR

Ryder System Reports Mixed Q3: Contractual Growth Meets Freight Market Challenges

Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of <a href="https://www.benzinga.com/markets/equities/24/09/41086120/us-market-soars-after-fed-rate-cut-but-chartist-warns-of-potential-stock-plunge-citing-this-clas">the U.S.&#8217;s busiest ports</a>.
What Happened: According <a href="https://www.nytimes.com/2024/09/30/business/port-strike-dockworkers.html">to</a> the New York Times, a union showdown on the East and Gulf coasts with their employers could halt billions of dollars <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike">worth of goods</a>, potentially complicating shopping ahead of the holidays.
The International Longshoremen's Association (ILA) hasn't orchestrated a strike this big since 1977, but its got leverage this time. Recent labor victories by big unions such as the Teamsters and the United Auto Workers (UAW) have <a href="https://www.benzinga.com/markets/equities/23/10/35492334/gm-uaw-reach-tentative-agreement-potentially-putting-an-end-to-costly-6-week-strike">set a high bar</a>.
Longshoremen are now looking for their slice of the pie.
In addition to demanding a pay raise, longshoremen are also wary of labor-saving tech creeping into their workspace.
With a strike potentially costing the economy billions per day, President Joe Biden could step in using a 1947 law to force the longshoremen back to work.
But Biden, who supported the <a href="https://www.benzinga.com/news/23/09/34922731/biden-makes-historic-visit-to-auto-worker-picket-line-tells-union-to-you-deserve-raise">UAW strike last year</a>, said Sunday he would <a href="https://www.c-span.org/video/?538805-1/president-biden-speaks-reporters-dover-air-force-base">not</a> intervene with the longshoremen strike. 
The United States Maritime Alliance, representing the employers, is locked in a months-long standoff with the ILA over wages and benefits.
The union is asking for a $5-an-hour raise for each of the next six years. This would bring their top hourly rate to $69 — a significant bump from the current $39 an hour.
Compare that to their West Coast counterparts, who will be pulling in $60.85 an hour by 2027, and it's easy to see why the ILA feels shortchanged.
See Also: <a href="https://www.benzinga.com/markets/asia/24/09/41012532/chinas-exports-at-risk-from-anticipated-us-port-strikes-typhoons-golden-week-warns-container-trade-e">China&#8217;s Exports At Risk From Anticipated US Port Strikes, Typhoons, Golden Week, Warns Container Trade Expert</a>
Why It Matters: The ILA&#8217;s 47,000 members handle three-fifths of U.S. container traffic.
Many businesses, fearing a potential strike, have scrambled to get goods through the ports before Tuesday.
With some cargo still stranded at sea, delays are inevitable. The backlog could reportedly take weeks to clear, even if the strike is brief. 
Various distributors, including MHW Ltd., fear the strike could affect the Thanksgiving holiday. MHW chief operating officer John Wrenn told the New York Times that sales &#8220;will just be lost because products will not be on the shelves.&#8221;
A different union operates West Coast ports, leaving them unaffected. 
Observers say trucking goods from the West Coast to the East is too expensive to serve as a workaround. 
The ILA has said they won't disrupt work on cruise ships. 
ETFs To Watch:
<ul>
<li>Breakwave Dry Bulk Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRY#NYSE">BDRY</a>): This ETF is the first to focus on dry bulk shipping. Launched in partnership with ETF Managers Group, the Breakwave holds near-dated futures contracts on various dry bulk indexes.</li>
<li>SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>): Tracks the transportation sector, including shipping companies and logistics providers like FedEx and UPS. A strike would disrupt their operations.</li>
</ul>
Investors can gain exposure to cruise stocks via Vanguard Mid-Cap Growth Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>) and iShares Russell Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWR#NYSE">IWR</a>).
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41016169/boeing-should-pick-up-aircraft-production-soon-after-strike-end-analyst-says">Boeing Should Pick Up Aircraft Production Soon After Strike End, Analyst Says</a></li>
</ul>
Photo: Shutterstock

Longshoremen Strike Looms, Standoff Could Cost $1B A Day, Leave Thanksgiving Prep In A Pinch

LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) is poised to miss on earnings when it reports <a href="http://Uber Q2 Earnings: Revenue And EPS Beat, 30M Trips Per Day, CEO Highlights Record Growth And More">second-quarter results</a> on Thursday as it faces concerns over consumer trends and market share, analysts say.
KeyBanc Capital Markets forecasts earnings before income tax, depreciation and amortization to come in at $97 million for the quarter, below analyst consensus of $101 million. It expects gross bookings of $4.05 billion to narrowly miss Wall Street expectations of $4.06 billion.
&#8220;We believe many ridesharing use cases are more resilient to macro but do believe riders can opt for cheaper alternatives like public transportation in some scenarios,&#8221; KeyBanc analyst Justin Patterson said in a note.
&#8220;Thus, we believe consumer strength trends will be important to monitor.&#8221;
RBC Capital Markets expects Lyft to post $97.5 million in EBITDA for the second quarter, below analyst consensus of $98.1 million, and $4.053 billion in bookings that will miss analyst expectations of $4.058 billion.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39233761/lyft-competing-in-lock-step-with-uber-technologies-analysts-eye-multiple-shots-on-g">Lyft Competing In Lock-step With Uber Technologies: Analysts Eye &#8216;Multiple Shots&#8217; On Goal For Growth</a>
&#8220;Our recent driver supply analysis, conducted in July &#8217;24, indicated some erosion in rider pick-up times, where pick-up times for UBER came down significantly compared to LYFT,&#8221; RBC analyst Brad Erickson said in a note.
&#8220;Although we have noticed some fluctuation in both directions for UBER and LYFT in terms of pickup times and total travel time, we believe this is not necessarily a red flag but worth monitoring.&#8221;
RBC has also noticed &#8220;some weakness&#8221; in Lyft&#8217;s data related to third-party arrangements with DoorDash and other delivery services.
&#8220;It is important to note price continues to move in lock-step, giving us confidence LYFT continues to keep pace with its major competitor,&#8221; Erickson wrote.
Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) reported fiscal second-quarter 2024 revenue growing 16% year-on-year to $10.7 billion, beating Wall Street consensus of $10.57 billion. The company also posted GAAP EPS of 47 cents; analysts consensus expectations were 31 cents.
Price Action: Lyft gained 3.03% to $10.89 as of Tuesday&#8217;s mid-day trading.
Most exchange-traded funds that track Lyft also advanced on Tuesday.
<ul>
<li>Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) gained 1.74%.</li>
<li>ProShares On-Demand ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OND#NYSE">OND</a>) slipped 2.83%.</li>
<li>Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) picked up 2.23%.</li>
<li>SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) rose 2.23%.</li>
<li>Amplify Online Retail RTF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBUY#NYSE">IBUY</a>) edged up 0.91%.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38215593/uber-and-lyfts-minneapolis-exit-delayed-as-wage-ordinance-postponed">Uber And Lyft&#8217;s Minneapolis Exit Delayed As Wage Ordinance Postponed</a></li>
</ul>
Photo: Shutterstock

AWAY

IBUY

LYFT

RVER

UBER

Lyft's Ride Gets Bumpy: Earnings Expected To Fall Short While  Market Shifts

ArcBest Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>)&nbsp;reported&nbsp;a second-quarter&nbsp;FY24&nbsp;revenue of&nbsp;$1.08 billion,&nbsp;ahead <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40125158/arcbest-announces-second-quarter-2024-results" rel="noreferrer noopener">of the consensus of&nbsp;$1.06 billion</a>.
Sales by segments: Asset-Based&nbsp;$712.7 million&nbsp;(per-day decrease of&nbsp;2.1%), and Asset-Light&nbsp;$395.8 million&nbsp;(per-day decrease of&nbsp;4.2%).&nbsp;&nbsp;
Asset-based business total tonnage per day decreased by&nbsp;20.3%, and total&nbsp;shipments per day&nbsp;fell by&nbsp;4.8% Y/Y.
Pricing momentum persisted this quarter due to a better freight mix, higher pricing on transactional shipments and contract renewal increases of&nbsp;5.1%, with overall LTL industry pricing staying rational.
Meanwhile, Asset-Light revenues declined due to lower revenue per shipment and reduced margins from a soft rate environment and a higher share of lower-margin managed transportation business. Shipments per day grew by&nbsp;12.6%&nbsp;Y/Y.
Adjusted EBITDA from continuing operations rose to $94.8 million from $76.30 million a year ago. Adjusted EPS was&nbsp;$1.98&nbsp;compared to&nbsp;$1.54&nbsp;a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of&nbsp;$2.06.</a>
ArcBest&#8217;s operating cash flow for the six months totaled&nbsp;$140.2 million, compared to&nbsp;$103.8 million&nbsp;a year ago.&nbsp;The company held cash and equivalents of&nbsp;$260.5 million&nbsp;as of&nbsp;June-end.
ArcBest declared a quarterly cash dividend of&nbsp;$0.12 per share, <a target="_blank" href="https://www.benzinga.com//node/40039769" rel="noreferrer noopener">payable on&nbsp;August 27, 2024.</a>
Judy R. McReynolds, ArcBest Chairman and CEO, said, &#8220;I am incredibly proud of our employees&#8217; commitment to utilizing our quality process in pursuit of excellence every day. This dedication has led to significant improvements in our operational execution, with ABF Freight achieving its best on-time service performance in recent years.&#8221;
&#8220;Furthermore, our substantial year-over-year improvement in operating income is a solid performance, especially considering ongoing macroeconomic headwinds.&#8221;
Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRSH#NYSE">NRSH</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: ARCB shares traded lower by&nbsp;10.9%&nbsp;at&nbsp;$108.37 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Mid Cap

Dividends

ARCB

NRSH

Why Is Logistics Company ArcBest Stock Plunging Today?

FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares are trading lower after the company experienced <a target="_blank" href="https://www.fedex.com/en-us/service-alerts.html?cmp=EMC-1002168-1-1-200-1111110-GLBL-US-EN-SRDISRUPT071924" rel="noreferrer noopener">disruptions </a>across its networks due to a global IT outage caused by a software vendor on Friday.
This widespread tech outage has affected multiple industries, including airlines, broadcasters, banking, and healthcare, creating substantial operational challenges.
It remains unclear if FedEx's network disruptions are linked to the outages at Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), reported Reuters.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat" rel="noreferrer noopener">Windows PCs Crash Worldwide With Users Experiencing Blue Screen Of Death Issue, CrowdStrike Confirms Defect: &#8216;Fix Has Been Deployed&#8217; (UPDATED)</a>
FedEx said it &#8220;has activated contingency plans to mitigate impacts from a global IT outage experienced by a third party software vendor. However, potential delays are possible for package deliveries with a commitment of July 19, 2024.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39579791/is-fedex-spying-on-you-civil-rights-analyst-calls-ai-surveillance-program-profoundly-disconcerting" rel="noreferrer noopener">Is FedEx Spying On You? Civil Rights Analyst Calls AI Surveillance Program &#8216;Profoundly Disconcerting&#8217;</a>
FedEx is not the only logistics company facing challenges. Peer company United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also warned of possible delivery delays, citing contingency plans to address the issues, the report added.
Additionally, railroad operator Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) <a target="_blank" href="https://www.up.com/index.htm" rel="noreferrer noopener">reported </a>that the CrowdStrike software outage had &#8220;varying levels of impact&#8221; across its network, though backup protocols have assisted in maintaining communication with teams and dispatchers.
The global tech outage on Friday disrupted operations in various sectors, causing airlines to halt flights, broadcasters to go off-air, and impacting banking and healthcare systems.
Also See: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country" rel="noreferrer noopener">Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED)</a>
FedEx stock has gained about 17% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: FDX shares are trading lower by 0.54% at $304.95 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/39509568" target="_blank" rel="noreferrer noopener">FedEx Q4 Results &#8216;Solid,&#8217; 2025 Guidance &#8216;Appropriate,&#8217; Freight Spinoff &#8216;Tantalizing Opportunity For Investors&#8217;: 7 Analysts Size Up Results, What&#8217;s Next</a></li>
</ul>

Media

General

CRWD

MSFT

Why Is Logistics Giant FedEx's Stock Trading Lower Today?

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39803406/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" rel="noreferrer noopener">second-quarter&nbsp;2024 results</a>.
Operating revenue fell&nbsp;7%&nbsp;Y/Y to&nbsp;$2.93 billion, missing the consensus of&nbsp;$3.05 billion.
Revenue declined mainly due to a 5% drop in gross revenue per load in Intermodal (JBI), coupled with decreased load volumes: 25% in Integrated Capacity Solutions (ICS), 9% in Truckload (JBT), and 9% in Dedicated Contract Services (DCS).
Meanwhile, the Final Mile Services (FMS) segment saw a 5% revenue growth, driven by new contracts implemented over the past year, alongside a 5% increase in revenue per load in ICS.
Total operating revenue, excluding fuel surcharge revenue, decreased by around&nbsp;6%&nbsp;Y/Y in the quarter.
Operating income decreased 24% Y/Y to $205.7 million&nbsp;due to reduced revenue and increased expenses in insurance and claims, equipment, and certain personnel costs.
EPS of&nbsp;$1.32&nbsp;missed&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.57</a>.
As of June 30, 2024, the company had cash and cash equivalents of&nbsp;about $54 million.
In the&nbsp;second quarter&nbsp;of 2024, the company repurchased shares worth&nbsp;$203 million. As of June-end, J.B. Hunt had around&nbsp;$163 million&nbsp;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 SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: JBHT shares are down&nbsp;3.41%&nbsp;at&nbsp;$170.00&nbsp;premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Why J.B. Hunt Transport Services Shares Are Falling Today

Rental car companies are not as energized as they used to be about electric vehicles (EVs), having found out that they are <a href="https://www.benzinga.com/insights/analyst-ratings/24/07/39645442/a-glimpse-into-the-expert-outlook-on-hertz-global-holdings-through-6-analysts">hard to resell</a> at a decent price.
In January, rental car giant Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) scaled back plans to buy 100,000 EVs after seeing that their resale plummeted much faster than expected, the New York Times<a href="https://www.nytimes.com/2024/07/14/business/electric-vehicles-rental-cars.html?partner=slack&amp;smid=sl-share"> reported.</a> 
A main reason why used EVs lose so much value is because Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lowered the prices on new models last year to boost sales, the New York Times reported.
This has left many rental car outfits scrambling to resell EVs at deep discounts and apprehensive to start buying more of them.
EV manufacturers have sold 1.4% of their cars and trucks to rental companies so far this year, down from selling 4% of them in 2023, according to S&amp;P Global Mobility. So far this year, that number is just 1.4 percent.
Also Read: <a href="http://What's Going On With Hertz Global Stock Today?">What&#8217;s Going On With Hertz Global Stock Today?</a>
Rental car companies have also had a difficult time renting EVs at a profit because most of them lack charging stations and insurance premiums have increased as many renters have underestimated EVs&#8217; acceleration and gotten into accidents, the New York Times reported.
Meanwhile, some companies found they couldn't get spare parts for EVs as quickly as they could for gasoline cars.
Price Action: Tesla gained 1.78% on Monday to close at $252.64, while Hertz jumped 5.69% to $4.27.
Exchange-traded funds that hold Tesla stock gave mixed reactions on Monday. T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>) gained 3.69% to $19.96 at close, while Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>) gained 3.71% at $14.54 and The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) ticked down 0.27% to $31.52. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) slipped 0.11% to $191.27 and Direxion Daily Cnsmr Discret Bull 3XShrs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WANT#NYSE">WANT</a>) slid 0.34% to $37.92.
ETFs that hold Hertz stock trended upward on Monday. Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) gained 0.033% to $31.78 as Invesco S&amp;P SmallCap 600 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RZV#NYSE">RZV</a>) edged up 1.13% to $104.18 and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) inched up 1.68% to $80.44. Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) gained 0.087% to $44.89 and Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) increased 1.28% to $41.98.
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">Car-Rental Firm Hertz Reportedly Seeks $700M Lifeline As EV Strategy Stalls</a></li>
</ul>
Photo: Tesla Model Y, Courtesy of Tesla

Travel

Insurance

CPAI

GURU

Rydex ETF Trust S&P Smallcap 600 Pure Value ETF

TSLA

TSLL

TSLT

WANT

Select Sector SPDR-Consumer Discretionary

Rental Car Companies Back Away From Hard-To-Resell Electric Vehicles

The U.S. economy added 175,000 jobs in April, well below Wall Street expectations of 240,000, strengthening bets that the Federal Reserve will be able to cut interest rates in the coming months. Health care and social assistance led the way with a gain of 87,000 jobs.
The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. Average hourly earnings rose 0.2% sequentially and 3.9% year over year, both below consensus estimates. The jobless rate tied for the highest level since January 2022. The labor force participation rate, or those actively looking for work, was unchanged at 62.7%.
The slower job growth could be good news on the inflation front but cause economic slowdown. Below, we have highlighted some of the sectors that will likely see smooth trading in the days ahead in light of the April jobs data.
Sectors in Focus
Healthcare
Employment in the healthcare industry increased by 56,000 in jobs, in line with the average monthly gain of 63,000 over the prior 12 months. Considerable job gains occurred in ambulatory health care services (+33,000), hospitals (+14,000), and nursing and residential care facilities (+9,000)
The Zacks Rank #1 (Strong Buy) Health Care Select Sector SPDR ETF (ARCA:XLV) can be played to tap the moderate momentum. Tenet Healthcare (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thc#NYSE">THC</a>), which has a Zacks Rank #1 deserves a mention. It is an investor-owned health care services company, which owns and operates general hospitals and related health care facilities for urban and rural communities in numerous states, and has offices in California and Florida. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Transportation 
Employment in transportation and warehousing rose by 22,000 in April. In April, employment also increased in couriers and messengers (+8,000) and warehousing and storage (+8,000) were also notable.&nbsp;Zacks Rank #2 (Buy) SPDR S&amp;P Transportation ETF (ARCA:XTN) can thus be considered for a play. Airlines company Alaska Air Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) has a Zacks Rank #2.
Retail 
Retail trade continued to trend up in April (+20,000). Over the prior 12 months, the industry had added an average of 7,000 jobs per month. In April, notable employment was seen in areas like general merchandise retailers (+10,000), building material and garden equipment and supplies dealers (+7,000), and health and personal care retailers (+5,000).
As far as the fund is concerned, SPDR S&amp;P Retail ETF (ARCA:XRT) has a Zacks Rank #2. The Kroger Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>), which operates in the thin-margin grocery industry, also has a Zacks Rank #2.
Construction
In April, employment in construction (+9,000), following an increase of 40,000 in March. Over the prior 12 months, construction had added an average of 22,000 jobs per month. Investors can keep a watch on the price movement of Invesco Dynamic Building &amp; Construction ETF (ARCA:PKB).
The fund PKB is comprised of stocks of U.S. building and construction companies. The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
As far as the stock is concerned, Zacks Rank #1 Dycom Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dy#NYSE">DY</a>) is a top bet. It is a leading provider of specialty contracting services throughout the United States.
<a href="https://www.zacks.com/stock/news/2269010/4-sector-etfs-stocks-likely-to-benefit-despite-soft-jobs-data?cid=CS-BENZ-FT-etf_news_and_commentary-2269010">To read this article on Zacks.com click here.</a>

Financial Advisors

Health Care

Markets

Personal Finance

PowerShares ETF Trust Dynamic Building &nstruction Portfolio

4 Sector ETFs & Stocks Likely to Benefit Despite Soft Jobs Data

Goldman Sachs&nbsp;analyst Lizzie Dove upgraded&nbsp;Avis Budget Group, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) shares to Neutral from Sell,&nbsp;<a href="https://www.benzinga.com/quote/CAR/analyst-ratings" target="_blank" rel="noreferrer noopener">raising the forecast to $130 from $118.</a>
According to the analyst, Avis Budget will fare better than its peers given its lean cost base, lower exposure to EVs&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">and slightly younger fleet mix.</a>
Though estimates for the year have troughed, the analyst still saw some downside to 2025 estimates, pending further proof points on the stabilization of pricing.&nbsp;
Dove also projected the gap between used and new vehicle pricing to narrow in 2025, given lower supply and new vehicle prices trending lower, which should also mean a slower rate of DPU growth (i.e., less of a headwind) for Avis Budget.
The company has $4.1 billion of vehicle debt which will mature this year, and another $6.7 billion which will mature in 2025.&nbsp;
As such, the analyst saw ~$200 million interest expense pressure in 2024, and ~$75 million in 2025 as the company refinances at higher rates.&nbsp;
Avis had a ~30% increase in pricing since 2019, and while the analyst believed this strength to decelerate, the ability to sustain a level of pricing growth above historical averages could create additional tailwinds to Avis&#8217;s earnings.
In addition, a more benign competitive environment may provide upside and further cost efficiencies.
The analyst expects the company&#8217;s FY25<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;revenue to be $12.025 billion.</a>
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Avis Budget Group stock lost more than 33% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Transportation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) and&nbsp;Royce Quant Small-Cap Quality Value ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQLV#NASDAQ">SQLV</a>).
CAR Price Action: Avis Budget Group shares are trading higher by 1.88% to $123.39 at last check Thursday.
Read Next:<a href="https://www.benzinga.com/markets/equities/24/04/38097868/exxons-earnings-amidst-oil-price-challenges-has-bright-spots-says-analyst"> Exxon&#8217;s Earnings Amidst Oil Price Challenges Has Bright Spots, Says Analyst</a>
Photo: Rafapress via<a href="https://www.shutterstock.com/image-photo/july-4-2023-brazil-this-photo-2326966213"> Shutterstock</a>

SQLV

Avis Budget Shares Get Upgrade: Analyst Applauds Lean Cost Base, Lower EV Exposure, Younger Fleet Mix

HondaJet Elite S Serial Number 209, the next aircraft expected for delivery to Jet Token.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Thanks to an onrush of demand from both mass affluent and more traditional customers, the sleepy, cyclical, private jet industry appears to be undergoing secular growth.&nbsp;
One company that believes it is positioned to meet this demand is <a href="https://www.startengine.com/jettoken">Jet Token Inc.</a>, a private jet membership and booking platform that specializes in the HondaJet Elite S. According to Jet Token&rsquo;s <a href="https://www.startengine.com/jettoken?cmpid=618c41dfc87ae10001ac8791&amp;utm_source=benzinga&amp;utm_medium=article&amp;utm_campaign=002">StartEngine</a> page, the company has raised close to $14&nbsp;million and has signed a purchase agreement with Honda Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>). Boasting a fleet of what the company says is one of the quietest and most cost-efficient jets, Jet Token has the enviable task of providing service to a market otherwise out of stock.&nbsp;
In February 2022, the demand for private jet travel <a href="https://wingx-advance.com/wingx-bizav-weekly-bulletin/">rose 15% above</a> the previous February, marking new industry highs and creating capacity bottlenecks for key players. Records from several sources reflect a common story: too many travelers are chasing too few private jets.
Berkshire Hathaway&rsquo;s NetJets Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brk-b#NASDAQ">BRK-B</a>), Executive Jet Management and Jets.com have all had to suspend their Jet cards sales due to an overload of demand. NetJets, which is the largest player in the fractional jet industry, also instituted a year-long wait for their new members to fly, stating that &ldquo;Light jet inventory constraints are such that additional sales before more aircraft are delivered would put our service at risk.&rdquo;&nbsp;
As the pandemic continues to impose difficulties on transportation-based ETFs such as SPDR S&amp;P Transportation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>) and iShares US Transportation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iyt#NYSE">IYT</a>) as well as key aviation players like Southwest Airlines Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luv#NASDAQ">LUV</a>) and Delta Air Lines Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dal#NASDAQ">DAL</a>), the appeal of private aviation is not just about avoiding infection, but is also about avoiding flight cancellations.
<h2>The COVID Impact: Supply Versus Demand</h2>
Reflecting the industry&rsquo;s overwhelming surge in demand is Wheels Up Experience Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/up#NYSE">UP</a>)&rsquo;s press release. On November 1st, 2021, the company imposed a 90-day wait period for new members who have paid up to $100,000 in membership deposits, a development indicative of the capacity crunch that has affected a variety of key players in the private aviation space.
The pandemic has placed the <a href="https://nbaa.org/">$200 billion per year</a> private jet industry on an upward trajectory. Many with wealth (businesses included) finally got off the fence in 2020-2021 and took their first flight. Conventional wisdom in private aviation remains that if a traveler has the means to fly private and does it once, then that traveler will do it again. This has been particularly true for both busy executives flying on the company dime and for wealthy individuals who don&rsquo;t travel often but travel well when they do so.&nbsp;
But what about buying a used jet? Peder von Harten, vice president of Nicholas Air, says the pricing of used aircraft has increased by <a href="https://privatejetcardcomparisons.com/tag/publicly-traded-private-jet-companies/">30% to 40%</a>. Another key private jet player, Jetcraft Corp., has gone all the way to Asia to find used aircraft for its fleet.
With big manufacturers still reeling from the effects of the pandemic, supply is drastically lagging behind the explosive demand for private flights. A shortage of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/16/10/8623502/is-there-a-pilot-shortage">pilots</a>, <a href="https://www.colibriaircraft.com/the-impact-of-historic-low-levels-of-supply-july-2021/">private jets</a>, and <a href="https://privatejetcardcomparisons.com/2021/08/11/record-demand-means-a-new-normal-new-rules-for-private-jet-flyers/">general laborers</a> provides a multicausal explanation for this deficit.&nbsp;
Solving this issue may require a host of costly and timely solutions. All the while, those companies with jets in hand, such as <a href="https://www.startengine.com/jettoken">Jet Token</a>, may already have an advantage.&nbsp;
<iframe height="314" src="//www.youtube.com/embed/eK9Yc5cnrUY" width="650"></iframe>
&nbsp;
<a href="https://www.startengine.com/jettoken"><img alt="" src="https://www.benzinga.com/files/u360337/cargo_space.png" style="height:369px; width:650px" /></a>
Demonstration of the cargo capacity of the HondaJet Elite/S
<iframe height="314" src="//www.youtube.com/embed/emGo7vgzpAI" width="650"></iframe>
&nbsp;
Disclaimer: While Jet Token may plan to begin preparing for a public listing, we have not taken any additional steps toward a public listing beyond reservation of the ticker symbol, and there can be no guarantee that such an offering will take place. Even if the company is publicly listed, there is also no guarantee that an active market for trading shares will develop or be sustained.
The ongoing Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. You should read the <a href="https://www.jettoken.com/oc">Offering Circular</a> and <a href="https://www.jettoken.com/o#riskfactors">Risks</a> related to this offering before investing.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer&rsquo;s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.
For more information you can always reach a live US based Jet Token Inc. representative 24/7 at 1-866-694-0014 and be sure to visit <a href="https://www.jettoken.com/investors">https://www.jettoken.com/investors</a>.

Penny Stocks

Small Cap

BRK-B

How To Play The Surge In Private Aviation

The odds of running a $1 billion business are slim to none.
Unless you&rsquo;re<a href="https://www.benzinga.com/topic/elon-musk"> Elon Musk</a>. Then you run a few.
The CEO of Tesla Inc (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>), SpaceX and the Boring Co. is now known to head two firms that are both valued north of $25 billion.
With Tesla&rsquo;s $46-billion market cap and SpaceX&rsquo;s <a href="https://www.cnbc.com/2018/05/22/spacex-leading-the-space-race-to-launch-humans-to-mars.html">estimated </a>worth of about $28 billion, Musk is working to cement his fortune and legacy as this century&rsquo;s Cornelius Vanderbilt.
<h3>A Solid Investment</h3>
Interestingly, Vanderbilt also made his money in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/12/10873303/how-musks-tesla-and-spacex-could-combine">diverse transportation ventures</a>. The shipping and railroad tycoon, together with railroad magnate Andrew Carnegie, proved the industry to be historically lucrative.
The market continues to testify to transportation&rsquo;s profitability.
SPDR S Tr/S&amp;P TRANSN ETF (NYSE: <a class="ticker" href="/stock/xtn#NYSE">XTN</a>) trades up 150.5 percent from its 2011 debut price, and iShares Dow Jones Transport. Avg. (ETF) (BATS: <a class="ticker" href="https://www.benzinga.com/stock/iyt#BATS">IYT</a>) is up 141 percent from its 2003 offering.
<h3>A Common Interest</h3>
Musk&rsquo;s contemporaries have transportation assets of their own.
<a href="https://www.benzinga.com/topic/jeff-bezos">Jeff Bezos</a>, CEO of Amazon.com, Inc. (NASDAQ: <a class="ticker" href="/stock/amzn#NASDAQ">AMZN</a>) and owner of The Washington Post, founded Blue Origin for commercial space travel and is an Uber investor.&nbsp;
Berkshire Hathaway Inc. Class A (NYSE: <a class="ticker" href="/stock/brk-a#NYSE">BRK-A</a>) (NYSE: <a class="ticker" href="/stock/brk-b#NYSE">BRK-B</a>) CEO <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> counts BNSF Railway, Berkshire Hathaway Automotive and Precision Castparts, an aerospace parts producer, in his portfolio.
<a href="https://www.benzinga.com/topic/richard-branson?page=1">Richard Branson</a>, who formerly owned Virgin Atlantic and Virgin Mobile, founded space travel company Virgin Galactic and rail company Virgin Trains. He also invested in Hyperloop One.
Microsoft Corporation (NASDAQ: <a class="ticker" href="/stock/msft#NASDAQ">MSFT</a>) cofounder Paul Allen launched Stratolaunch and funds SpaceShipOne for commercial space travel.
Related Links:
<a href="https://www.benzinga.com/news/17/07/9755902/master-of-all-trades-every-industry-jeff-bezos-has-a-hand-in">Master Of All Trades: Every Industry Jeff Bezos Has A Hand In</a>
<a href="https://www.benzinga.com/general/education/17/02/9070231/6-things-elon-musk-is-working-on-other-than-tesla">6 Things Elon Musk Is Working On Other Than Tesla</a>
Photo by Maurizio Pesce via Wikimedia.&nbsp;
Original publication: May 26, 2018

Long Ideas

Education

Movers & Shakers

Success Stories

AMZN

BRK-A

What Elon Musk, Jeff Bezos, Cornelius Vanderbilt And Other Big Execs Have In Common

Boeing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) opened higher Monday following rotation from tech stocks into travel.
On Monday afternoon, airline heavy SPDR S&amp;P Transportation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>) was trading up 1% while technology ETF PowerShares QQQ Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) was trading down 1.5%.
Although rotation in the market is keeping S&amp;P 500 near all-time highs, traders may find it difficult to find bullish stocks. It appears institutions may believe re-opening stocks are the next bull market and option traders bet&nbsp;$543,936 the price of Boeing is going higher.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/21/05/21026504/these-3-airlines-look-bullish-going-into-the-week-how-to-play-them">These 3 Airlines Look Bullish Going Into The Week: How To Play them</a>
The Boeing Option Trades: Below is a look at the notable options alerts, courtesy of <a href="https://pro.benzinga.com/?gspk=cm9tYWluanVsaWVu&amp;gsxid=bNap42Fd6S0c&amp;%2F%3Fgspk=cm9tYWluanVsaWVu">Benzinga Pro</a>:
<ul>
<li>At 9:32 a.m., Monday a trader executed a call sweep, near the ask, of 413 Boeing options with a $240 strike price expiring on May 14. The trade represented a $144,137 bullish bet for which the trader paid $3.49 per option contract.</li>
<li>At 9:32 a.m., a trader executed a call sweep, near the ask, of 392 Boeing options with a $240 strike price expiring on May 14. The trade represented a $146,608 bullish bet for which the trader paid $3.74 per option contract.</li>
<li>At 10:00 a.m., a trader executed a call sweep, near the ask, of 203 Boeing options with a $240 strike price expiring on May 14. The trade represented a $71,456 bullish bet for which the trader paid $3.52 per option contract.</li>
<li>At 11:21 a.m., a trader executed a call sweep, near the ask, of 223 Boeing options with a $240 strike price expiring on May 14. The trade represented a $59,095 bullish bet for which the trader paid $2.65 per option contract.</li>
<li>At 12:03 p.m., a trader executed a call sweep, near the ask, of 292 Boeing options with a $240 strike price expiring on May 21. The trade represented a $122,640 bullish bet for which the trader paid $4.20 per option contract.</li>
</ul>
Why It&rsquo;s Important: When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.
These types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates &ldquo;smart money&rdquo; has entered into a position.
BA Price Action: Shares of Boeing were trading up 0.2% to $235.97.
Photo by Steve Lynes&nbsp;<a href="https://commons.wikimedia.org/wiki/File:EGLF_-_Boeing_737_Max_-_N120IS_(43406207022).jpg">via Wikimedia</a>.

Options

Boeing Options Traders Bet Travel Is The Next Bull Market

On CNBC&#39;s &#39;Fast Money Halftime Report,&#39; the investment committee gave their final trades of the day.
BNY Mellon Investment Management&#39;s Liz Young likes SPDR S&amp;P Transportation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>).
Short Hills Capital Partners&rsquo; Stephen Weiss likes XPO Logistics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>).
Virtus Investment Partners&rsquo; Joe Terranova likes Bunge Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bg#NYSE">BG</a>).
Cerity Partners&#39; Jim Lebenthal likes Thermo Fisher Scientific Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmo#NYSE">TMO</a>).

'Halftime Report' Final Trades: XPO Logistics, Thermo Fisher Scientific And More

On <a href="https://www.cnbc.com/video/2020/08/20/final-trades-jp-morgan-keysight-transports-more.html">CNBC&#39;s &quot;Fast Money Halftime Report,&quot;</a> Liz Young suggested SPDR S&amp;P Transportation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>) is a buy. She likes it as a recovery play.
Degas Wright is a buyer of Equinix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eqix#NASDAQ">EQIX</a>).
Stephen Weiss wants to buy Keysight Technologies Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/keys#NYSE">KEYS</a>) ahead of earnings. He is expecting a great quarter.
Josh Brown likes JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) because it is trading below $100.
Pete Najarian thinks CH Robinson Worldwide Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) is going higher. He noticed some bullish options activity in the name.

CHRW

EQIX

KEYS

'Fast Money Halftime Report' Picks For August 20: Equinix, Keysight And More

On the surface, it looks like Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) and soon-to-be public rival Uber are technology companies. Both companies tout self-driving technology and the word &ldquo;technology&rdquo; appears throughout the <a href="https://www.uber.com/about/">Uber website</a>.
Companies may view themselves through a certain lens and customers may agree with that view, but index providers don&#39;t have to agree. In the cases of Lyft and Uber, Standard &amp; Poor&#39;s and MSCI, the index providers that maintain the Global Industry Classification Standard (GICS) don&#39;t view the ridesharing companies as technology firms.
Said another way, don&#39;t expect shares of Lyft and Uber when the latter goes public to reside in popular technology exchange traded funds, such as the Technology Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xlk#NYSE">XLK</a>).
<h3>Why It&#39;s Important</h3>
In what may be a surprise to some investors and Lyft and Uber passengers, the two rideshare giants will be classified as industrial companies with sub-industry classification in the transportation group.
GICS &ldquo;has assigned Road and Rail as Lyft&rsquo;sprimary Industry (level 3)and Trucking as its primary sub-industry(level 4),&rdquo; <a href="https://www.capitaliq.com/media/223869-GICS%20Change%20for%20Ride%20Sharing%20companies-external.pdf">according to S&amp;P</a>. &ldquo;The decision was based on Lyft&rsquo;s Form S-1 filing, &#39;(t)he Company generates substantially all of its revenue from its ridesharing marketplace that connects drivers and passengers.&#39;&rdquo;
As industrial stocks, Lyft and Uber could make their way to ETFs such as the Industrial Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xli#NYSE">XLI</a>). With the transportation designation, the two stocks could eventually reside in ETFs, such as the SPDR S&amp;P Transportation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>) and the iShares Transportation Average ETF (CBOE: IYT). IYT tracks the widely followed Dow Jones Transportation Average.
<h3>What&#39;s Next</h3>
To be specific, GICS views Lyft and Uber as trucking companies. There are three qualifications to be considered a trucking company, one of which is passenger transportation, something Lyft and Uber are obviously engaged in.
To be classified as a road transportation firm, a company must meet one of four qualifications. Lyft and Uber meet two &ndash; carpool and vanpool exposure and taxi/livery services.
&ldquo;We have taken this opportunity to have reviewed approximately 200 global public and private companies operating in the similar ride sharing business model as Lyft and Uber and reassigned their primary industry and sub-industry to conform with GICS&rsquo;s Road and Rail and Trucking respectively,&rdquo; said S&amp;P. &ldquo;We have further assigned more than half of those into sub-industries like Taxicabor Carpool and Vanpool Operations. For a few that are purely providing online transportation softwareor in the car rental business, we have also assigned them as such under either the Online Transportationor Passenger Car Rental.&rdquo;
Related Links
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/04/13483637/a-healthy-rating-on-a-big-health-care-etf">Prescribe This Healthcare ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/04/13483331/excellence-in-european-dividends">A Stellar Europe ETF</a>

IPOs

Tech

The Surprising ETFs That Will Hold Lyft And Uber

Transportation stocks and exchange traded funds did not deliver for investors in 2018. Last year, the Dow Jones Transportation Average Index slumped 12.9 percent.
Other baskets of transportation stocks performed even more poorly in 2018.
<h3>What Happened</h3>
The SPDR S&amp;P Transportation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xtn#NYSE">XTN</a>), an equal-weight alternative to the cap-weighted Dow Jones Transportation Average Index, slid 17.3&nbsp;percent last year, far outpacing the declines suffered by the transportation benchmark.
The $146.38 million XTN follows the S&amp;P Transportation Select Industry Index. That benchmark looks to &ldquo;provide exposure to the transportation segment of the S&amp;P TMI, comprises the following sub-industries: Air Freight &amp; Logistics, Airlines, Airport Services, Highways &amp; Rail Tracks, Marine, Marine Ports &amp; Services, Railroads, and Trucking,&rdquo; <a href="https://us.spdrs.com/en/etf/spdr-sp-transportation-etf-XTN">according to State Street</a>.
<h3>Why It&#39;s Important</h3>
XTN provides exposure to six transportation industry groups, but the ETF is dominated by trucking firms, airlines and air freight and logistics providers. Those industries combine for over 80 percent of the ETF&#39;s weight. Some analysts see XTN&#39;s airline exposure as a potential catalyst for the fund this year.
&ldquo;CFRA has a positive fundamental outlook for the airline sub-industry,&rdquo; said <a href="https://newpublic.cfraresearch.com/">CFRA Research</a> Director of ETF &amp; Mutual Fund Research Todd Rosenbluth in a note out Monday. &ldquo;While unit revenues improved in 2018 and fuel prices retreated in the last quarter of the year, CFRA Equity Analyst Jim Corridore thinks investors focused on worries about slowing economic growth and rising interest rates punished the stocks of most U.S. airlines in 2018.&rdquo;
<h3>What&#39;s Next</h3>
XTN&#39;s air freight and logistics exposure could also benefit the fund in 2019.
&ldquo;CFRA also has a positive fundamental outlook for the air freight and logistics sub-industry,&rdquo; said Rosenbluth. &ldquo;Corridore thinks fundamentals in domestic shipping are likely to strengthen over the next year and the valuations of many logistics companies are likely to expand on improved investor sentiment, should signs emerge that the U.S. and global economies are improving.&rdquo;
XTN has Overweight ratings on XTN and the iShares Transportation Average ETF (CBOE: IYT), which tracks the aforementioned Dow Jones Transportation Average Index.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12939266/an-evolving-quality-etf">Change Is Meaningful With This Quality ETF</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/01/12939264/the-long-term-case-for-robotics-etfs-remains-in-tact">There&#39;s Still A Case For Robotics ETFs</a>

This Transportation ETF Could Benefit From Air Freight, Logistics Exposure This Year

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
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.

최근 <a href="https://www.benzinga.com/markets/equities/25/02/43420421/marco-rubios-panama-visit-will-trumps-aggressive-rhetoric-lead-to-war-or-diplomacy">도널드 트럼프</a> 대통령이 파나마 운하의 지위 변경 가능성에 대해 언급한 발언은 여러 주식과 상장지수펀드(ETF)에 미칠 수 있는 영향에 대한 우려를 불러일으켰다. 전 세계 무역의 약 4%가 이 운하를 통과하며, 그 중 70% 이상이 미국을 오가는 화물이라는 점은 <a href="https://www.wsj.com/world/americas/china-panama-canal-development-what-it-means-7c5dc870">월스트리트 저널</a>에 보도된 바 있다.
무슨 일이 있었나: 일요일, 마코 루비오 국무장관이 파나마의 호세 라울 물리노 대통령에게 즉각적인 조치를 취하지 않으면 &#8220;필요한 조치를 취할 것&#8221;이라고 경고했다. 이는 트럼프가 중국의 파나마 운하에 대한 영향력과 통제를 문제삼은 것이다.
루비오와의 회담 후, 물리노는 중국 및 중국 기업과의 협정을 재검토하겠다고 신호를 보냈다. 트럼프 대통령은 취임 이후 <a href="https://www.benzinga.com/24/12/42639737/trumps-call-to-reclaim-panama-canal-sparks-backlash-every-square-meter-belongs-to-panama-says-president-mulino" target="_blank" rel="noreferrer noopener">파나마 운하를 강제로 되찾겠다는 위협</a>를 반복적으로 밝혀왔으며, 이 운하는 파나마에 연간 약 25억 달러의 수익을 창출한다.
국제 해상무역의 주요 경로인 만큼, 운하 운영에 대한 변화는 해운, 물류, 운송에 관련된 기업들에 자연스럽게 영향을 미칠 수 있다.
<h1 class="wp-block-heading">어떤 회사들이 영향을 받을까?</h1>
먼저, 선박 및 해양 관련 자산의 소유 및 운영을 담당하는 SFL 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>)과 같은 해운 회사들이 있다. 그리고 컨테이너선 소유 및 차터를 담당하는 코스타마레(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMRE#NYSE">CMRE</a>)와 국제 건화물 선박 소유 및 운영 회사인 나비오스 마리타임 홀딩스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMPGY#NYSE">NMPGY</a>)도 영향을 받을 수 있다.
다음으로는 미국 전역에 화물 서비스를 제공하는 철도 회사들이다. 여기에는 CSX(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), 노퍽 서던 철도(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>), 유니언 퍼시픽 철도(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), 캐나디안 퍼시픽 캔자스시티(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) 및 캐나디안 내셔널 철도(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>)가 포함된다.
이제 해운, 항공 화물 및 택배 산업을 모두 포괄하는 ETF들을 살펴보겠습니다.
U.S. 글로벌 씨 투 스카이 카고(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEA#NYSE">SEA</a>)와 브레이크웨이브 드라이 벌크 시핑(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRY#NYSE">BDRY</a>)은 건화물 운임 선물 가격의 일일 변동에 노출되며, SPRD S&amp;P Transportation ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>)는 광범위한 미국 주식 시장을 추적하도록 설계된 S&amp;P Total Market Index(&#8216;S&amp;P TMI&#8217;)의 운송 부문을 대표한다.

추가로 읽어보세요:
<ul>
<li><a href="https://kr.benzinga.com/news/usa/othermarkets/%EB%A7%88%EC%BD%94-%EB%A3%A8%EB%B9%84%EC%98%A4%EC%9D%98-%ED%8C%8C%EB%82%98%EB%A7%88-%EB%B0%A9%EB%AC%B8-%ED%8A%B8%EB%9F%BC%ED%94%84%EC%9D%98-%EA%B3%B5%EA%B2%A9%EC%A0%81-%EC%96%B8%EB%B3%80%EC%9D%B4/" target="_blank" rel="noopener">마코 루비오의 파나마 방문: 트럼프의 공격적 수사가 전쟁으로 이어질까, 외교로 이어질까?</a></li>
</ul>
사진: 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.

항만 노동자들은 화요일에 화물 후크를 내려놓을 것으로 예상되며, 이로 인해 <a href="https://www.benzinga.com/markets/equities/24/09/41086120/us-market-soars-after-fed-rate-cut-but-chartist-warns-of-potential-stock-plunge-citing-this-clas">미국의 가장 바쁜 항구들</a>의 활동이 중단될 가능성이 있다.
무슨 일이 (What Happened): 뉴욕 타임스에 <a href="https://www.nytimes.com/2024/09/30/business/port-strike-dockworkers.html">따르면</a>, 동부 및 걸프 해안에서 고용주와의 노조 대결로 인해 수십억 달러 <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike">상당의 화물을 중단</a>시킬 수 있으며, 이로 인해 휴가를 앞두고 쇼핑이 복잡해질 수 있다.
1977년 이후로 이렇게 큰 파업을 주도한 적이 없는 국제항만노동자협회(ILA)는 이번에는 레버리지를 가지고 있다. 팀스터스(Teamster)와 전미 자동차노조(UAW)와 같은 대규모 노조의 최근 노동 승리가 <a href="https://www.benzinga.com/markets/equities/23/10/35492334/gm-uaw-reach-tentative-agreement-potentially-putting-an-end-to-costly-6-week-strike">높은 기준을 설정했다</a>.
항만 노동자들은 이제 자신들의 몫을 요구하고 있다.
임금 인상 요구 외에도, 항만 노동자들은 작업 공간에 들어오는 노동 절감 기술에 대해서도 우려하고 있다.
파업이 경제에 하루에 수십억 달러의 비용을 초래할 수 있기 때문에, 조 바이든 대통령이 1947년 법을 사용하여 항만 노동자들을 다시 일하게 만들 수 있다.
하지만 지난해 <a href="https://www.benzinga.com/news/23/09/34922731/biden-makes-historic-visit-to-auto-worker-picket-line-tells-union-to-you-deserve-raise">UAW 파업을 지지한</a> 바이든은 일요일에 항만 노동자 파업에 개입하지 않겠다고 <a href="https://www.c-span.org/video/?538805-1/president-biden-speaks-reporters-dover-air-force-base">말했다</a>.
고용주를 대표하는 미국해양협회(USMX)는 ILA와의 임금 및 복지 문제로 수개월 간 대치 중이다.
노조는 향후 6년간 시간당 5달러의 인상을 요구하고 있다. 이는 최고 시급을 69달러로 끌어올리는 것이며, 현재 39달러에서 큰 인상이다.
이를 2027년까지 시간당 60.85달러를 벌어들이게 될 서부 해안의 동료들과 비교해 보면 ILA가 왜 부족하다고 느끼는지 쉽게 알 수 있다.
참고: <a href="https://www.benzinga.com/markets/asia/24/09/41012532/chinas-exports-at-risk-from-anticipated-us-port-strikes-typhoons-golden-week-warns-container-trade-e">예상되는 미국 항구 파업, 태풍, 골든 위크로 인한 중국 수출 위험</a>
왜 중요한가 (Why It Matters): ILA의 47,000명 회원들은 미국 컨테이너 물동량의 3분의 2를 처리한다.
많은 기업들이 파업 가능성을 우려하여 화요일 이전에 화물을 항구를 통해 통과시키기 위해 분주하게 움직였다.
일부 화물은 여전히 바다에 억류되어 있어, 지연은 불가피하다. 보도에 따르면, 적체 문제는 파업이 짧더라도 몇 주 걸릴 수 있다.
MHW Ltd.를 포함한 여러 유통업체들은 파업이 추수감사절에 영향을 미칠 수 있다고 우려하고 있다. MHW의 최고 운영 책임자 존 렌(John Wrenn)은 뉴욕 타임스에 판매가 "상품이 선반에 없어서 그냥 잃어버릴 것"이라고 말했다.
서부 해안 항구는 다른 노조가 운영하고 있어 영향을 받지 않는다.
상품을 서부 해안에서 동부 해안으로 트럭으로 운반하는 것은 비용이 너무 비싸다. 이는 해결책으로 작용하기 어렵다.
ILA는 크루즈 선박의 작업에는 방해가 되지 않을 것이라고 말했다.
주목할 ETF:
<ul>
<li>Breakwave Dry Bulk Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDRY#NYSE">BDRY</a>): 이 ETF는 건화물 운송에 처음으로 초점을 맞추었다. ETF 매니저스 그룹과의 파트너십으로 출시되었으며, 브레이크웨이브(Breakwave)는 다양한 건화물 지수에 대한 근시일 선물 계약을 보유하고 있다.</li>
<li>SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>): 해운 회사와 물류 제공업체(페덱스 및 UPS 등)를 포함한 운송 부문을 추적한다. 파업은 이들의 운영에 지장을 준다.</li>
</ul>
투자자들은 Vanguard Mid-Cap Growth Index Fund ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>)와 iShares Russell Mid-Cap ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWR#NYSE">IWR</a>)를 통해 크루즈 주식에 투자할 수 있다.
이제 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41016169/boeing-should-pick-up-aircraft-production-soon-after-strike-end-analyst-says">보잉은 파업이 끝난 후 곧 항공기 생산을 재개해야 한다고 애널리스트가 말했습니다</a></li>
</ul>
사진: Shutterstock
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SPDR S&P Transportation ETF

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에 대한 최신 뉴스 SPDR S&P Transportation ETF (ARCA:XTN)

일요일, 3월 09, 2025

화요일, 2월 04, 2025

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