Railroad Stocks Build Up Steam
The Standard & Poor's 1500 Railroads subindustry index is the newest member of the high momentum list (see the full list at the end of this column), indicating that its trailing 12-month price performance is now in the top 10% of all subindustry indexes in the S&P 1500 (the combined S&P 500, S&P MidCap 400, and S&P SmallCap 600 indexes). Year-to-date through Feb. 8, the S&P Railroads index rose 4.9%, vs. a 9.1% decline for the S&P 1500. During 2007, this subindustry index gained 19.5%, vs. the broader market's climb of 3.2%.
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