October 29, 2020

4 Transportation Stocks to Buy Ahead of Q3 Earnings Season

It is a well-documented fact that the transportation sector is one of the worst-affected corners of the investment world that bore a massive brunt of the coronavirus pandemic. The space, which includes airlines, railroads, truckers, shippers and package delivery companies to name a few, is dealt a body blow by factors like declining air-travel demand and low shipment volumes.

Despite the above-mentioned negatives, there are a few favorable factors prevalent in this sector.

Delving Deeper

The uptick in demand for e-commerce — the method of buying and selling goods and services via a software platform — in the current scenario is a huge positive, particularly for the package delivery companies in the sector like FedEx Corporation FDX and United Parcel Service UPS. With the pandemic largely restricting people to their homes, consumers are placing orders more online. Naturally, the need for door-to-door delivery of essentials is rising in the current

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car

Ford Mustang Mach-E Electric Car Getting Major Price Drop Ahead Of Release

Ford announced on Wednesday that the Mustang Mach-E, an all-electric SUV, scheduled for release later in the year will be getting a major price cut. These cuts will range from $1,000 to $3,000 and are intended to make the more environmentally friendly vehicle more consumer-friendly as well.

“Exceptional value has always been a hallmark of the Mustang brand,” Emma Bergg, a spokeswoman for Ford, said in a statement. “In addition to its great all-electric driving range and performance, we’re adjusting Mustang Mach-E pricing to remain fully competitive in a segment that is seeing dynamic price changes.”

As of now, Mach-E models are set to range in price from $42,895 to $58,300. Electric car purchases are also eligible for a federal tax credit of up to $7,500 depending on battery capacity.

The cuts were first disclosed in a memo distributed to dealerships on Tuesday, calling into question the real rationale behind

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