Despite a weak economy, railroad, trucking and homebuilding stocks are faring well, perhaps a sign that investors are banking on a recovery.
Although a turnaround appears to be far off, there are some early signs that Wall Streeters may be already positioning themselves for a rebound.
For example, a recent spate of bad corporate and economic news hasn't wreaked havoc on the markets, suggesting a floor has been put in place after months of heavy selling.
Additionally, railroad, trucking and homebuilding stocks have been rallying - a surprising occurrence considering those sectors have been among the hardest hit by the credit crunch.
"We're waiting for the economy to start showing it is recovering and that's keeping stocks stable right now," said Ron Kiddoo, chief investment officer at Cozad Asset Management. "But if we don't get some hint by late summer that a recovery is on the way, we could see bad days again."
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