Have you ever heard about the Dow Jones Transportation Average? It is more loosely termed the “Dow Jones Transports” by stock traders. The index is a running average of the stock prices of 20 transportation corporations.
For many equity analysts, the ebb-and-flow of stocks is seen from their daily price movements. Below that is a deeper earnings estimate revision battle shifting the deeper trading currents between bulls and bears.
Semiconductor stocks are being sold. What should a trader do? First off, realize the earnings growth is there. That is keeping the fire lit on the bullish outlook for these types of large-cap stocks over a longer annual time frame.
According to Chemical Engineering News, chemical firms releasing Q1-2017 financial results reported strong demand for a broad range of products including seeds, electronic materials and textile dyes. Several firms posted Q1 earnings growth that exceeded expectations.