Matson (MATX) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss the maritime shipping company Matson Inc which is up 35% year to date. Alex talks about Matson (MATX) being one of several transportation industry stocks heading higher recently. Jenny talks about why transportation stocks are a barometer of the overall economy because when the economy is growing, demand grows and transportation companies like Matson (MTX) United Parcel Service (UPS) and Union Pacific (UNP) also mark gains. Alex weighs in with the question of whether these companies are seeing recent gains due to an increase in demand or is it due to them passing along their increased costs onto the consumers. Finally, Alex and Jenny demonstrate a trade using Matson Inc (MATX) which was trading up near 2% on Monday.
29 Mar 2022