Price action is typically the first sign of the market’s sentiment toward a stock, industry, or group of stocks, which means that breakout stocks or ones that have seen favorable price action lately are bound to keep doing well just as long as the initial reason for a breakout is sustainable and rooted in strong fundamental themes. Today, this is the case for a list of transportation stocks, particularly in the trucking industry.
The fundamental reasons will become clear in just a bit, where investors can connect the dots between underlying business activity in the United States economy, breakouts in new orders for manufacturing, and the mix of President Trump quoting his interest to bring down the nation’s interest rates. This would make a perfect cocktail to bring a sustained rally in today’s list of stocks.
