Chart of the Day: Two Infrastructure Plays Look Bullish
This content is for members onlyChart of the Day – Trucking Turnaround
American truck tonnage is just off an all-time high posted in February, but trucking stocks have gotten crushed over the past year and a half.
In today’s Chart of the Day, we point out a trucking stock that is highly ranked on our Bespoke Stock Scores rankings, is looking good from a technical perspective, and would benefit from ongoing improvement in trucking volumes. See today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below.
Chart of the Day – Fed Minutes Days
Today at 2PM, the FOMC will release the minutes from its September meeting where the committee left rates unchanged. They should be interesting as even though rates were left unchanged, three members dissented and that was the greatest number of dissenters to a policy statement in nearly two years (December 2014).
With that in mind, in today’s Chart of the Day, we looked at how the S&P 500 has performed on the day of and the day after previous releases of the FOMC Minutes so far in 2016. See today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below.
Chart of the Day – As Goes Alcoa…
With the company in the process of splitting up, being booted from the Dow Jones three years ago, and now sporting a market cap of less then $12.5 billion, you’re unlikely to get any brushback to the argument that Alcoa (AA) is no longer the economic bell-weather that it once was. However, given the company’s place in the chronology of earnings season, investors tend to focus on the market’s reaction to AA’s report as a sign of what to expect during earnings season. With the stock now down 10% following its report earlier today, investors are wondering whether this is a sign of things to come.
With that in mind, in today’s Chart of the Day, we looked at what, if any, relationship there has historically been between how Alcoa reacts to its quarterly earnings report and how the rest of the equity market performs during earnings season. See today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below.