SUPERNEWS

Equities

Transport Stocks Dive, Netflix and Silver in Spotlight

U.S. equities decline as transport stocks tumble and Netflix earnings loom, with silver outperforming gold amid industrial demand.

By Mackenzie Crow

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4/17, 19:28 EDT
American Airlines Group, Inc.
Alaska Air Group, Inc.
Avis Budget Group, Inc.
Southwest Airlines Company
Netflix, Inc.
Taiwan Semiconductor Manufacturing Company Ltd.
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Transport Stocks in Turmoil, Netflix Earnings Awaited

Market Streak and Transport Sector Analysis

Market Performance Overview:

  • S&P 500 down four consecutive days, 3.6% decline.
  • Nasdaq Composite also down four days, 5.2% from 52-week high.
  • Dow Jones Industrial Average down seven of last eight days, 5.35% from high.
  • Russell 2000 down by 8.8% from March peak.

Transport Sector Troubles:

  • Dow Jones Transportation Average plummeted by 10% from July high.
  • Five transportation stocks with RSI below 50 and over a 20% drop from highs include American Airlines (AAL), Avis (CAR), Copa Holdings (CPA), JetBlue (JBLU), Southwest Airlines (LUV).

Alaska Air and Taiwan Semi Reports:

  • Alaska Air reports Thursday morning, currently at a distance of about +25% since March peak.
  • Taiwan Semiconductor reports Thursday morning, up by +35% since last reporting three months ago.

Netflix Earnings Anticipation:

  • Netflix to report Thursday afternoon, stock is +28% in the last three months.

Silver Surges Amidst Industrial Demand

Silver vs Gold Performance:

  • Silver outperforms gold in YTD performance with a +17.5% increase compared to gold's +15%.