Credit Suisse Just Called A Bottom In Rails, Goes Overweight On Trucks

So far this year, the transport stocks have lagged the S&P 500 by about 15 percent. However, according to a new report by Credit Suisse analyst Allison Landry, the fate of the transports is about to take a turn for the better.

Consumer Strength Is Key

Landry believes that the resurgence in transports will result from the increasing power of the American consumer. However, Landry warns transport buyers that the end of the “industrial hangover” may not come until after the sector gets through what will likely be a very week Q2 earnings season.

The Evidence

Credit Suisse sees…

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