Alaska Airlines CEO: We'll merge with Virgin's flair

Here’s some potentially great news for Donald J. Trump. A key market barometer that will shares the President-elect’s initials has been rallying lately. as well as that will’s often a promising sign for the broader markets as well as economy.

The Dow Jones Transportation Average (DJT) — often referred to by traders as the DJT or the Dow Jones Transports — is actually up nearly 10% since the election as well as has continued to head higher so far in 2017.

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Why is actually that will a positive for Trump?

The DJT has 20 key airline, railroad, trucking as well as shipping stocks from the item. American (AAL), United (UAL), Union Pacific (UNP), UPS (UPS) as well as FedEx (FDX) are members.

These are all very cyclical companies. When they’re doing well, the item’s often considered a Great omen for the overall economy.

Three of the index’s stocks — Southwest (LUV), Alaska Air (ALK) (which just completed the purchase of Virgin America) as well as railroad CSX (CSX) — hit all-time highs earlier This specific week as well.

Transportation stocks did slip a bit on Thursday along with the broader market. the item didn’t help that will Delta (DAL) reported a drop in quarterly profits as well as hinted that will higher jet fuel costs could put pressure on earnings going forward.

yet CEO Ed Bastian told CNBC Thursday that will the election of Trump definitely boosted consumer confidence as well as Delta’s bookings. He said that will the end of December was “truly strong.”

Related: Delta CEO says customers optimistic about Trump

CSX, United as well as Union Pacific will all report their latest results next week. the item will be interesting to see if they also mention an uptick in sentiment — for both consumers as well as businesses — due to Trump.

Railroads in particular could benefit via Trump’s policies. He’s a fan of the coal industry — unlike President Obama as well as Trump’s challenger Hillary Clinton. The big railroads get a decent amount of revenue via coal shipments.

that will could be one of the main reasons why shares of CSX, Union Pacific as well as Norfolk Southern (NSC) have all done even better than the broader DJT since the election. They’re each up between 15% as well as 20%.

yet one railroad has been left behind.

Shares of Kansas City Southern (KSU), which operates a rail line that will runs into Mexico, has fallen nearly 15% since the election on concerns about tenuous Mexico-U.S. relations with Trump calling for a wall to be built on the border to keep illegal immigrants out as well as also imposing a tax on goods coming in via across the border.

sy88pgw (completely new York) First published January 12, 2017: 12:18 PM ET


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