(By Mayur Pahilajani - iStockAnalyst Writer)New York, NY- Transportation and Biotech stock have been drifting upwards on Tuesday, but not completely immune from the financial sector turmoil. The downturn momentum in the market has also pushed down the crude prices, which eventually would benefit transportation sector as fuel charges decline and increase their earnings outlook.

Some of the transportation stocks that you could keep track on include Delta Air Lines, Inc. (NYSE: DAL), Continental Airlines, Inc. (NYSE: CAL) and Excel Maritime Carriers Ltd. (NYSE: EXM). In the Biotechnology sector, look out for Medarex, Inc. (NASDAQ: MEDX), CV Therapeutics, Inc. (CVTX) and Amgen Inc. (AMGN).


Delta Air Lines, Inc. (NYSE: DAL):

Shares of Delta opened at $8.05 and were recently trading higher by 12.55 percent or $1.01 at $9.06 at 11:38 a.m. ET in New York on lower oil futures. The market analysts and the rating agency Standard and Poor's have considered Delta Air Lines as a strong stock. Its day high was at $9.37 and have managed to keep it away from its 52 week-low of $4.00 amid higher jet fuel charges, which have affected other airlines including Italian Alitalia that recently announced to slash  flights due to lack of funds. The analysts on Wall Street are expecting higher profit by early 2009 after a 23 percent drop in fuel rates, following its peak in July.



Continental Airlines, Inc. (NYSE: CAL):


Is another top ranked transportation stock that may post higher returns by next quarter and the company shows improved outlook on aggressive streamlining their operations. The fourth-largest U.S. airline has reported a 6.5 percent rise in its net revenue earned on every seat flown per mile in the month of August, beating the analysts expectation of rise by 5 percent. At 11:42am ET, Shares of the firms were trading higher by 8.38 percent or $1.58 to $20.43 on the New York Stock Exchange.





Excel Maritime Carriers Ltd. (NYSE: EXM):

Outside the airline industry, Excel Maritime Carriers Ltd. proves to be a stronger stock amid dwindling domestic traffic. Excel Maritime Carriers is a shipping company that engages in the ownership and operation of bulk carrier vessels.