Forget the industrials. There’s another Dow Jones index that investors may want to focus on. We’re talking about the Dow Transports. Thanks to the continued global supply chain woes and the rise of onshoring/domestic production, the transportation industry has been riding high, which is much to investors’ delight. Cash flows, dividends, and buybacks have surged as shippers, railroads, and logistics firms move to cure the current woes.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
The best part is the sector is only getting started.
Despite economic worries, there’s still plenty of demand and capacity needed as we shift more production locally and away from overseas means. And for the stocks in the sector, this could be the long-term growth needed to light a fire under this ‘boring’ industry. For investors, it could be a win-win of dividend growth and gains.
