From the WSJ:
"CHICAGO – The Dow Jones Transportation Index, led by the railroad sector, is likely to keep climbing this year after hitting an all-time high Tuesday.
"While falling oil prices fueled a strong single-day gain Tuesday, analysts said the long-term performance of the index remains tied to that of the U.S. economy, which they expect to keep chugging along.
“On Tuesday, the Dow Jones Transportation average gained 121.90 points, or 2.55%, to 4407.78, a record high. That was the biggest daily percentage gain since Oct. 28, 2005. Since Jan. 1, the average is up 5%.”
"James Valentine, transportation analyst at Morgan Stanley, says he continues to recommend North American railroad stocks “as we believe the stocks will have 10% to 20% annual earnings growth between now and 2010.”
http://online.wsj.com/article/BT-CO-20060215-009049.html
Norfolk Southern closed at a 52 week high of $50.77 today.