Some Plays on the Value Train

We have what seems to be another fairly boring open this morning on the major averages.

All things considered, the context of this drifting action is not all that unwelcome by bulls when you ponder the alternative--Aggressive downside follow-through after Tuesday's big reversal down. 

Small cap issues in the Russell 2000 Index are outperforming early on, giving bulls some reason to expect a more energetic close to the week. 

We are still stalking names which are not extended and may be ripe to join the party before we eventually do get that broad market pullback, be it next week or next month. A few ideas are in the transportation sector, but not the mega cap names everyone seems to watch closely like the massive air couriers FDX UPS and the rails and airlines. 

Instead, a name like Greenbriar, basing well below on its weekly chart, would be an example of a name we want to see break higher. Another one is TRN, also in the railcar part industry. 

GBX would seem to offer some value here, and is perhaps a buyout target, to boot. We know XPO has been the shiny new toy in terms of buyout news, with a potential showdown between Amazon and Home Depot lurking. 

But GBX TRN may be the better plays at the moment as there are far less eyes on them and they are both off to strong starts this morning.