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May 2011 - Page 9 of 9 - Money Morning - Only the News You Can Profit From

Dow Jones Transportation Average Rolls to Record High

The biggest news of the week for me was the fantastic earnings report from railroad Norfolk Southern Corp. (NYSE: NSC), which pushed the Dow Jones Transportation Average to a new record high.

Think about that. New. All-Time. High. For the transports. The transports! When crude oil prices are pressing $112 a barrel. When the economy is limping along at an annualized growth rate of less than 2%. When the bears said we should be diving for cover.

The railroads have been killing it, and not just the likes of NSC, Union Pacific Corporation (NYSE: UNP) and CSX Corporation (NYSE: CSX). It's also the freight expeditors and truckers like C.H. Robinson Worldwide Inc. (Nasdaq: CHRW), Expeditors International of Washington (Nasdaq: EXPD), and Ryder System Inc.(NYSE: R).

For more about what a new high for the transports means, please read on...

It Pays to Prepare for a Stock-Market Reversal – Even With New Bull-Market Highs

In a stunning display of determination (or simple greed), U.S. stock prices are once again at new highs – despite problems in the Middle East, out-of-control government deficits throughout the world, an increasingly inflated China and the looming end to the U.S. Federal Reserve's free-money boondoggle, otherwise known as "QE2."

Should you be worried about a stock-market reversal?

I know that I am.

But here's the thing: While there's no question that a stock-market breakdown could derail the best of investing intentions, it doesn't have to derail your financial future. More to the point, if you understand when stock-market "turning points" are likely to occur, you can establish positions or trades ahead of time that will yield profits when those expected transitions actually come to pass.

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Buy, Sell or Hold: Exxon Mobil Corp. (NYSE: XOM) Again Proves to Be a Profit Gusher

When it released its earnings last week, Exxon Mobil Corp. (NYSE: XOM) proved to the market why it deserves to be the largest company in the world.

The stock promptly sold off following the company's announcement, but that has absolutely nothing to do with fundamentals.

So let me explain why you should put Exxon at the top of your "Buy" list if you don't already own shares. (**)

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