This Is the Best-Performing Sector Since Last March (and It's Not Tech)

There's no denying that familiar stocks like Facebook and Apple have helped set the bullish tone on Wall Street for the past year. However, the technology sector wasn't actually the market's best performer over that time frame. Neither was healthcare, despite the players in that sector that benefited from their contributions to the fight against COVID-19. Nor was it the consumer staples space, though names like Kroger or Clorox saw their stocks soar in the midst of the pandemic.

Rather, it's the transportation sector that has booked the biggest overall gains since the market hit its low point in mid-March 2020. The Dow Jones Transportation Average is up 133% from that point.

With a great deal of commerce that was previously conducted in stores is now taking place online, Shippers like UPS (NYSE: UPS) and FedEx (NYSE: FDX) have about all the business they can handle.

Continue reading

Source Fool.com