Economic development is the macro topic that got me into top-down stock investment. Agree. Economic development appears to be a purely academic way to approach the subject of stock picking. But this macro pursuit still actively interests me.
Here's why…
This weekend, I want to debate in Real Time Insight fashion “Planes, Trains, and Automobiles.“ Obviously, these are backbones. Each industry provides key transport needs for both the U.S. and global economy.
Consider the following current Zacks Industry and Zacks Company Rank facts.
(1) Planes. The 22-company strong TRANSPORT-AIR industry is Zacks Rank #19 out of our 265 industries. One stock pick leader is Zacks #1 Rank Alaska Air (NYSE: ALK).
(2) Trains. The 7-company strong TRANSPORT-RAIL industry is Zacks Rank #10 out of 265 industries. One stock pick leader is Zacks #2 Rank Canadian Pacific (NYSE: CP).
(3) Automobiles. The 6-company strong RETAIL/WHOLESALE-AUTO PARTS is currently ranked #11 out of 265 industries. One stock pick leader is Carmax (NYSE: KMX) at a Zacks #1 Rank.
The relative importance of these transport tools & activities should be worth a lively debate in this forum. Mind you. I am looking forward to a rhetorical debate. The quality in your answer is what matters.
My Real Time Insight Question: What is Most Important to This Economy and Stock Market -- Planes, Trains, or Automobiles?
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ALASKA AIR GRP (NYSE: ALK): Free Stock Analysis Report
CDN PAC RLWY (NYSE: CP): Free Stock Analysis Report
CARMAX GP (CC) (NYSE: KMX): Free Stock Analysis Report
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