Knight-Swift Transportation Holdings Inc.KNXNYSE
>$KNX and $WERN
Why is $ODLF outperforming those two by such a large margin?
I work in the industry for a privately owned trucking company and freight volume is definitely down. Freight volume has been down since November. I don't invest in any of these companies since they are competitors towards my employment, but I have bought a lot of $GT and $WNC going for the equipment stocks and they have done very poorly since February.
Freight is always cyclical. Most of these companies should have done really well in 2020/2021; but if you look at their share prices $ODLF compared to $KNX or $WERN over 5 years; $ODLF is up over 350% and the other 2 are only up 30%. I would say $KNX and $WERN are cheap and $ODLF is expensive.
KNX calls still cheap. Look at the last 6 or 7 post earnings runs. Just sayin.
KNX calls still cheap. Look at the last 6 or 7 post earnings runs. Just sayin.
KNX crushed earnings just as I expected. Ok indices don’t fuck my calls please.
Like CLF, TGH or..
Basic Materials: SUM, TMST, FMC, GCP, CENX, PVG, AA, FCX Communications Services: EDR, QUOT, LGF-A Consumer Cyclical: BERY, TACO, LOW, TTM, F Consumer Defensive: COTY, SFM, LW, CHD, LAUR, MKC, DLTR, GO Energy: ERF, DVN, CVE, APA Financial: TSC, LABD, KRBN Healthcare: ARNA, MCK, TBPH, OMI, CVS, CERN, ABBV, MDRX, PTGX, VRTX, PFE, Industrials: WSC, KNX, ZIM, BLDR, RRD, FLR, RRX, AOS, APG Real Estate: APTS, BRG, EXR, IVT, REXR, SPG, Technology: STM, STX, ON, MIME, TER, MCFE, AVGO, IIVI, KLAC, CIEN, LRCX, FN, NPTN, LPL, PLAB, LITE, RMBS, EPAY, HLIT, AAPL, HPQ, QCOM, MU Utilities: VST
YELL. If you look at a side by side analysis of other trucking companies such as KNX, and XPO there is no reason these guys couldn't be 70 to 120 a share. I wouldn't need to hold them for life but if you picked them up for under $6 a share, chances are you aren't going to be in the red on them over the long haul. No pun intended.
FB, GOOGL, AAPL, LRCX, KLAC, IESC, KNX, MED, INVA
For all those wondering how to play this, may I introduce the Sobotka ETF: ZIM - container shipping, the real play TRTN - box leader (401k play) KNX/arcb- trucking RICK - the whores
Perfect example KNX up 40 percent, SNDR down for the year. Stock market doesn’t make sense anymore. Or I keep dumping money into this
Possibly Very Bullish Sectors for the Next 3-12 Months Amid Troubled Times. The examples below are certainly not buy recommendations. Just examples.
Below is a list of what I consider possible bullish sectors/industries in the next 3-12 months. We all know of the supply chain issues, the semiconductor shortages, worker shortages, & inflation issues. As a result I'm considering these sectors/industries as possible bullish options in the next 3-12 Months. Please understand that I know that I did not get all stocks in each category. So if you're favored stock isn't listed, don't get angry, post it in the comments below. And if you feel I missed a sector, please let me know.
Anyway enjoy the dips now because these are likely to get beefed up as the supply chain & worker shortages unwind
1) Inelastic & Fairly inelastic Industries: (Meaning people usually pay for the good or service no matter what the price "insensitive to changes in price or income")
- Pharmaceuticals (With highly used patented meds for diseases & illnesses)
- Oil/Gas/Natural Gas (No matter how scarce it gets, people will buy it)
- Energy (Be careful, many producers of electricity are heavily regulated)
2) Agriculture/Farm Equipment/Fertilizers/Farm Chemicals: People got to eat ... and have you seen the price of softs futures? This will incentivize farmers to produce more which in turn will require more farm equipment, farm construction, pesticides, herbicides, insecticides, seeds, chemicals etc. It does not help that food is rotting on the docks right now & people are panic buying.
- Examples: YTEN, TITN, NTR, SANW, DE, DOLE, ANDE, CLXT, ADM, CLXT, AGRO, AGCO, ADM, LMNR, TWI, ADM, BG, CALM, GRWG, HYFM, FMC, MEOH,
3) Semiconductors, Passive Semiconductors, & Electronic Components: Semiconductors are suffering due to worker shortages & supply chain issues. However demand is seriously backed up. As soon as the supply chain situation gets straightened out expect semiconductors to explode.
- Examples: NVDA, INTC, ARCB, AMKR, MU AMD, TXN, VSH, STM, ASYS, WOLF, TSM, QCOM, ON, ASML, NXP, AMAT, AVGO, LRCX, SWKS, MRVL, KLAC, MCHP, QRVO, SSNLF, DIOD
4) Shipping/Bulk Transportation/Freight/Transportation Services: Shipping / Bulk Transportation / Freight / Transportation Services / are more in demand now than ever before in US history. In fact these services are in so much demand that they're clogging up the ports. And while ships sitting off the coast are likely loosing money as the supply chain issues worsen, you can bet they'll explode with business for pint up demand as the situation unwinds.
- Examples: ZIM, JBHT, NSC, TNK, TGP, CNI, CMRE, REVG, DAC, SB, HTZZ, GRIN, ODFL, ASC, EDRY, XPO, SBLK, FWRD, BEST, CPLP, MATX, SAIA, INSW, GASS, PATI, PSHG, NETI, PXS, ULH, USDP, TFII, KNOP, KNX, CHRW, GLOP, EDRY, CVLG, PAC, HUBG, EDRY, MRTN, GLNG, NMM, HMLP, BEST, CPLP, DESP, HTLD, PWFL, GOGL, EGLE, SHIP, ZTO, LSTR, WERN, USAK, ESEA, GNK, CICOY, OROVY, PCFBY, CSX, DSX, MMLP, PANL, KEX, NAT, UNP, WJRYY
5) Chemicals: Agriculture chemicals, industrial chemicals, construction chemicals, drilling chemicals, textile chemicals, take your pick. The worlds manufacturers do not run without chemicals of some sort. And once supply chain issues are put behind us & workers start to fill these empty job seats, you can bet that increased production will ramp up the demand for industrial chemicals.
- EXAMPLES: HUN, OLN, DOW, LYB, EMN, GLTC, KRO, UNVR, CBT, MEOH, APD, OEC, VHI, ODC, TREC, TROX, IOSP, DD, KOP, ALB, LAC, PPG
6) Staffing Firms: There's a massive worker shortage & those positions will need to be filled. You can bet staffing firms are in high demand.
- EXAMPLES: DLHC, CCRN, KFY, CBRE, HQI, RHI, WDAY, NSP, HSII, RGP, TBI, KFRC,
7) Inferior goods: Ever notice how demand for some products go up when prices rise? These are generally inferior goods. Ramen Noodles & Mac&Cheese are a few examples. Dollar Stores are filled with inferior goods.
- DG, DLTR, WMT, ROST, KHC
Can Anyone help me look up KNX on your premium analysis data? I only got td level one and it ain’t much
called $TRTN, hope y'all jumped in.
$AA -> $STLD -> $KNX -> $XM -> $SNAP -> $TRTN -> ???
#Ban Bet Won
/u/MarijuanaGrowGroup (1/0) made a bet that KNX would go to 55.0 when it was 49.46 and it did, congrats autist.
Oh good, my banbet on KNX hit. Too bad I sold yesterday 🤷♂️
Earnings been hawt for me this week:
$AA -> $STLD -> $KNX -> $XM -> ??? ($SNAP FDs?)
Welp, missed the ban bet by $1 on $KNX. Still hope.
KNX 11/19 and 12/17 50c.. earnings this week, IV still low for some reason… gonna smash
Don’t forget KNX reporting earnings on Wednesday and TRTN on Thursday.
KNX = trucking company following JBHT who had a killer beat last Friday and rocketed. TRTN = shipping container leasing company who is signing long term leases at record prices and just converted their debt from secured to unsecured without seeing an interest rate increase. Think of how bullish that is…
How about a play none of you nerds will take. $KNX will be a minimum of $55 this week. Likely $60+ - banbet already made 🤩🤩🤩
Ban Bet Created
/u/MarijuanaGrowGroup bet KNX goes from 49.46 to 55.0 within 1 week
I’m in logistics full time, loaded up on KNX for next week. Easy gains.
There sure are, but I mean in terms of companies with actual tractors it's fragmented and likely will remain that way for a long time. As long as any random guy with a CDL can buy a used Kenworth and get motor carrier authority with the DOT, it will.
If you move up a level past that to 3pl/logistics the top players own a lot more, and those tech companies are more a disruptor to that than to trucking itself.
Example: Uber is a tech company that has been attempting to disrupt the space. They don't own a single tractor. They're more a direct competitor to C.H. Robinson or Echo Global than to say, Schneider or KNX. There's overlap, of course, because any company with a large fleet will have a significant logistics arm, and the disruptors will have an impact on rates and market norms in the whole sector.
There will also always be companies who prefer to work exclusively and directly with asset-based providers than go through a third party provider.
I don't know, there seem to be a lot of things going on in shipping that may not necessarily be great for the industry as a whole. $YELL getting hammered for declaring themselves essential (which I'm not sure how they couldn't be with all the shipping they did for the DOD). and using loan money to buy new trucks. FedEx Freight dumping their LTL services to smaller customers. It seems like Amazon is moving towards creating more distribution centers and handling their own "to home" deliveries rather than paying UPS, USPS, or FEDEX to deliver.
I have been looking into investing in the trucking industry since April and after analyzing FedEx Freight, $YELL, and $XPO, I ultimately felt like $YELL had the most room to grow in their respective industry. $XPO ended up being the winner. Their chart looked great back then and still looks great today. $KNX recently made an acquisition of AAA Cooper and their LTL sector is expected to grow. The problem is with companies like Amazon taking on their own shipping and FedEx exiting the LTL service, LTL isn't looking all that profitable right now.
Companies like $XPO, $YELL, $KNX who depended on solid shipping needs of companies taking on their own shipping may need to take on jobs that Owner/Operators used to depend on and they can more than likely offer a better price because they already have the equipment and employees to get those jobs done efficiently.
Add in oil prices doubling since Nov., increasing interest in states wanting to fix roads with a new gas tax, requirements to be carbon neutral in the near future, this industry is facing some setbacks. I can't necessarily correlate those setbacks to a market crash. Now a market correction is just going to happen at some point, you can blame that and correlate that with whatever you want.
Looks like along with JB Hunt, they have strong 1yr & 3-5yr EPS growth forecasts (>35%, >20%), while WERN, KNX and MRTN have lower 1yr & 3-5yr EPS growth forecasts (<30%, <15%).
Still loving what WKHS and SOFI are doing for me today, but also very busy catching some falling knives in some of the boomer stocks: C, HPE, R, KNX, and INTC too cheap to pass on today.
There are cheaper logistics plays with better forward PEs.
USAK, KNX, AAWW, GSL, ZIM, and so on.
That being said, they've already pumped 40-90% since Jan/Feb, which is a huge run for boring companies, so you might be late to that trade.
Just looking for the not so obvious plays on this pipeline shutdown. Pajama boys gonna get all the good stuff so we might have to hunt for secondary plays on that.
US Airline puts? They're the most sensitive to fuel costs eapecially in the bleak pandy times. Or maybe trucking company puts? Like KNX/FDX/UPS.
Analyst Research (see Upgrades/Downgrades calendar for full list***)***:
- Bentley Systems (BSY) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $52
- Carrier Global (CARR) upgraded to Outperform from Market Perform at Cowen; tgt raised to $43
- CMS Energy (CMS) upgraded to Overweight from Equal Weight at Barclays; tgt lowered to $67
- e.l.f. Beauty (ELF) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $30
- Gran Tierra Energy (GTE) upgraded to Neutral from Sector Underperform at CIBC
- Hewlett Packard Enterprise (HPE) upgraded to Outperform from Neutral at Daiwa Securities; tgt raised to $17
- Materialise (MTLS) upgraded to Buy from Neutral at Bryan Garnier; tgt $43
- Old Dominion (ODFL) upgraded to Buy from Neutral at Goldman; tgt raised to $238
- Progyny (PGNY) upgraded to Buy from Neutral at BofA Securities; tgt $53
- Pulmonx (LUNG) upgraded to Buy from Neutral at BofA Securities; tgt $72
- Stratasys (SSYS) upgraded to Neutral from Underweight at JP Morgan; tgt $29
- Sunrun (RUN) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $86
- Sunrun (RUN) upgraded to Neutral from Sell at UBS; tgt $55
- Supreme Cannabis (SPRWF) upgraded to Outperform from Market Perform at BMO Capital Markets
- Tenaris (TS) upgraded to Equal Weight from Underweight at Barclays; tgt raised to $25
- US Ecology (ECOL) upgraded to Outperform from Perform at Oppenheimer's Kansas City Capital
- ACADIA Pharmaceuticals (ACAD) downgraded to Neutral from Buy at BofA Securities
- AquaBounty Technologies (AQB) downgraded to Neutral from Buy at H.C. Wainwright
- Autolus Therapeutics (AUTL) downgraded to Neutral from Buy at Redburn
- Boingo Wireless (WIFI) downgraded to Hold from Buy at Jefferies; tgt $14
- Chevron (CVX) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt $115
- Graybug Vision (GRAY) downgraded to Neutral from Outperform at Wedbush; tgt lowered to $8
- Knight-Swift (KNX) downgraded to Neutral from Buy at Goldman and removed from Conviction Buy List; tgt lowered to $45
- Landstar System (LSTR) downgraded to Sell from Neutral at Goldman; tgt lowered to $140
- Manitowoc (MTW) downgraded to Underweight from Overweight at Barclays; tgt lowered to $16
- MarineMax (HZO) downgraded to Neutral from Buy at B. Riley Securities; tgt $57
- Novartis AG (NVS) downgraded to Hold from Buy at Argus
- OrganiGram (OGI) downgraded to Underperform from Market Perform at BMO Capital Markets
- Schneider National (SNDR) downgraded to Neutral from Buy at Goldman; tgt lowered to $23
- Sundial Growers (SNDL) downgraded to Underperform from Market Perform at BMO Capital Markets
- Tempur Sealy Int'l (TPX) downgraded to Hold from Buy at Loop Capital
- Werner Enterprises (WERN) downgraded to Neutral from Buy at Goldman; tgt lowered to $43
Interesting. KNX has been on my watch list.
4th largest operator of temperature controlled trailers and they beat/met the consensus EPS in Q1 & Q2 of the past three years. Extreme weather has increased our reliance on refrigerated trailers to protect goods - the current polar vortex for one.
High demand for a premium product offering is usually a licence to print profits. I haven’t jumped in yet but will probably do so once I do the technical DD and set a PT.
KNX - what are your thoughts on this and its potential to go upwards? Earnings were reported yesterday, which missed slightly.
A Submission was Spammed by Vote
Title: Jack Ma back at it
Click Here to Vote to Approve if this is a good submission.
Hey /u/brahmazon, you're encouraged to copy and paste the approval link into the Daily Discussion thread for help restoring your post.
Users who Voted: brahmazon DitIsJob knx stapleosprey_the_god
A Submission was Spammed by Vote
Click Here to Vote to Approve if this is a good submission.
Hey /u/RGR111, you're encouraged to copy and paste the approval link into the Daily Discussion thread for help restoring your post.
Users who Voted: Caden_1202 branyk2 knx LlamaPajamasBanana tooldrops Catastropher23 Coldkiller14 I_am_the_Apocalypse
👀 Remember to type kminder in the future for reminder to be picked up or your reminder confirmation will be delayed.
knx, kminder in 30 days on [2020-12-29 23:11:09Z](https://www.reminddit.com/time?dt=2020-12-29 23:11:09Z&reminder_id=c64fefd698ac49c48c17767f908105b3&subreddit=wallstreetbets)
> kminder in 1 month
CLICK THIS LINK to also be reminded. Thread has 1 reminder.
^(OP can )[^(Update message, Add email notification, and more options here)](https://www.reminddit.com/time?dt=2020-12-29 23:11:09Z&reminder_id=c64fefd698ac49c48c17767f908105b3&subreddit=wallstreetbets)
Protip! You can use random remind time 1 to 30 days from now by typing
kminder surprise. Cheers!
As far as transport, other than the obvious UPS and the like, KNX (Knight Swift Transportation) seems like a good play. They specialize in cold transport and currently trade at just over 20 pe.
Knx... I spelt out the ex cause I got kicked for actual symbols before
Thanks man. Locked in a double so I shouldn’t be upset. I rolled some into CNR March calls. If price is good I may add more of that.
KNX Jan calls on deck for tomorrow earnings.
Holding Jan 2021 calls for SNAP and KNX. Earnings on both this week
I don’t think I’ll make any trades today.
09/21 C $60 calls.
01/15 STM 32.5 calls.
01/15 SABR 7.5 calls.
01/15 KNX $45 calls.
01/15 FLR 7.5 calls.
12/18 BX $55 calls.
I’m conflicted. I bought KNX calls yesterday. But I also just had a client call me asking about a bankruptcy for her trucking business. She had 40+ big rigs.
Is transport doing well or no? KNX looks solid on the chart and earnings in two weeks
Daily Market and Options Summary for Aug-27-2020
The S&P 500 increased 0.2% on Thursday, closing at another record high and touching the 3500 level for the first time in the process. The Dow Jones Industrial Average (+0.6%) and Russell 2000 (+0.3%) performed slightly better, while the Nasdaq Composite declined 0.3% after setting an all-time high earlier in the session.
Financial stocks were among today's biggest winners, benefiting from some curve-steepening activity after Fed Chair Powell outlined a shift towards an average inflation target. Under the new framework, the Fed would allow PCE inflation to run moderately beyond 2.0% over time to make up for years when it ran below 2.0%.
From a sector perspective, the S&P 500 financials sector finished atop the standings with a 1.7% gain, followed by real estate (+1.4%), health care (+0.8%), and consumer staples (+0.6%). The communication services (-1.3%), consumer discretionary (-0.7%), and materials (-0.2%) sectors were the lone holdouts.
Other positive factors today included reports that Microsoft (MSFT 226.58, +5.43, +2.5%) and Walmart (WMT 136.63, +5.93, +4.5%) are teaming up to possibly acquire TikTok US, and Abbott Labs (ABT 111.29, +8.10, +7.9%) receiving emergency use authorization from the FDA for its $5.00, 15-minute COVID-19 antigen test.
Mega-cap growth stocks had a relatively weak outing today after an incredibly strong performance yesterday. Microsoft was an exception, of course, and so was Tesla (TSLA 2238.75, +85.58, +4.0%).
As an aside, Senate Majority Leader McConnell (R-KY) reportedly said stimulus talks remained at a stalemate, which may have been a contributing factor in the market's brief dip into negative territory around 1 p.m. ET. The market, however, swiftly rebounded into positive territory.
Recapping the moves in the Treasury market, the 2-yr yield finished flat at 0.16%, while the 10-yr yield increased six basis points to 0.75% as investors sold longer-dated bonds following Fed Chair Powell's speech. The U.S. Dollar Index was little changed at 93.03. WTI crude futures declined 0.8%, or $0.36, to $43.03/bbl.
Looking ahead, investors will receive the Personal Income and Spending report for July, the final Univ. of Michigan Index of Consumer Sentiment for August, and Wholesale Inventories for July on Friday.
Index Summary -
S&P 500 +0.22%; Nasdaq -0.35%;
DOW +0.57%; Russell 2000 +0.24%
VIX: 24.47 1.2,( +5.16%)
Sector Summary -
The three highest sectors for today were :
Financials +1.69%; Real Estate +1.34%; Health Care +0.79%;
The three lowest sectors for today were :
Communication Services -1.21%; Consumer Discretionary -0.54%; Materials -0.27%;
Gold - 1933.8,( +0.06%); Crude - 42.93,( -0.26%)
Today’s Option Activity Fast Facts -
CBOE Put/Call Ratio - 0.38
Highest Multiple Over Daily Average - ABT with 20 x the ADV of 11682. There were 202270 calls and 31703 puts.
Ticker with Most Contracts - MSFT with 1382856 contracts traded today with an AVD of 443297. There were 1172637 calls and 210219 puts.
Largest Put / Call Ratio - KNX with a 4.61 P/C ratio. There were 9063 puts and 1966 calls.
Largest Call / Put Ratio - STM with a 98.36 C/P ratio. There were 57247 calls and 582 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k
I’m mostly in on tech with Apple, amazon and SQ and a little TQQQ action currently, but also decided to hedge about 40% of my portfolio with TRUCKING COMPANY ODFL KNX LSTR STOCKS .. they have been doing really well relative to pre pandemic levels and tbh literally everyone is moving these days or ordering things
Someone bought half a million worth of KNX $35p June 19
69% CASH (Money market, fixed rate) 05% PM’s 01% Crypt 05% Clean energy (Fan, Tan, ICLN, BATT, CPST,ENPH, BLNK) 02% QQQ 04% Comm (T, CTL, Vz, CMST) 02% defense (LMT, RTX) 01% OIL (Oxy, XOM, XLE) 01 % bank (BAC, JPM) .05% auto (F, WKHS) 01% industrials (X, CARR) 2.5% transportation (UPS, FDX, KNX, XTN, IYT) 02% cyber security (PING, NET, ZS, CIBR) 02% health (CVS, SRNE, CLVS, ABT, PFE) 01% Consumer staples (XLP, KR, BRKB, CAG) 01% SDY, SPY 02% Divi fund (ROK, CWSI, MPW, FT, BAM, O)
- %7.5 since 3/13
Knx crushes earnings and gains 6 cents. Sold all my SNAP calls at open. For a day where I made good money, it kind of sucked.
Interesting. I just bought some KNX calls. You don’t like them?
I bought my KNX $25 June puts a while ago.
Knight trucking is both one of the largest truckers, plus it is based in Pheonix. A city so Trump country people ignored social distancing until well into things in NYC.
I have puts on Knight Trucking, KNX. Trucking rates and volume are both falling like a stone.
Their HQ is in Pheonix, one of the cities that many say was totally ignoring distancing because it's Trump Country.
Our hospital management just issued a statement telling employees to have their children babysat by grandparents.
Children who carry normal cooties and now carry CVD-19 ... hanging out w/ grandparents for 3 weeks and return home each night to possibly infected healthcare workers.
It reminds me of an old passage I read:
"The perfect bio-weapon doesn't kill the enemy. It stays silent long enough to kill their loved ones. "
Don't go all conspiracy theory on me.
I'm not saying this is a bio-weapon.
I'm just saying anything in the hands of an idiot can become a weapon.
4/17 $190 - $160 SPY Puts
4/17 $26 SPXS Calls
4/24 $200 - 190 SPY Puts
4/24 $220 DIA Puts
4/24 $8 NLY Puts
4/24 $19.5 EPI Puts
6/19 $25 KNX Puts
7/17 $29 RAD Calls
I recommended and bought KNX last week but it underperformed my expectations. They are based on the West Coast so their largest intermodal division is over there.
I don't think it has enough volatility yet
I'm a truck driver so I know the industry. Knight Swift is based in Arizona and have a large Intermodal operation on the West Coast. With less containers coming in because of the Coronavirus their intermodal division will hurt. A lot of West Coast trucking companies are going to hurt.
The head of the Port of Los Angeles was on CNBC yesterday and reported that they are expecting 25% less traffic through the port of containers. The Port of Los Angeles is the largest port in the u.s. volume wise.
I don't have any positions on this yet because your post made me think of it.
I'm new to investing and relatively new to trucking (2 years as a driver) but I might be able to help a little bit. The margins in trucking are awful. If you're going to look into investing in trucking companies, I would read company drivers reviews and see how many miles and layovers the drivers are getting. I would also look at how many empty miles or bobtail miles they are getting since these add up and make no money.
When I did long haul I noticed Walmart and Costco paid significantly more per load. Dedicated lanes typically do. It's worth finding the freight that pays more. Specialized freight also pay more. Oversized and TDG loads are more profitable. Dry freight in a van trailer pays poorly. Anyone can haul it.
Suppliers are probably your best bet. PCAR could be a good bet, as was mentioned. Freightliner is the dominant truck but it's part of Daimler. PCAR makes nicer products and their 579 gets good fuel mileage.
Newer trucks are disposable. The emissions systems in them are costly to repair. Companies like getting rid of them around 750000km (3-4 years of OTR Canadian driving). I think their warranties are around that.
One more thing: Truckers hate Swift. It's the butt of a lot of jokes. I'm not sure how well-known this is in the financial world, or even outside of trucking, but I would keep that in mind if you look at KNX. There are lots of memes about them.
OXY is a good buy. I would suggest buying more. 8% yield is just so sweet.
34 and work in supply chain so pretty biased.
20% OXY 25% KNX 25% FDX 15% ABB 15% AMZN
Automation and driverless tech is going to change the world of transportation/warehouse/logistics
Oxy will be the leader of cheap American oil exports as opec tries to get crude back above 60 a barrel
Heya, fellow NOVA head, I live in Reston. Depending on where you work, I would not by any means look at buying around here unless you're really looking to settle in this area in the long run. Competition for even a townhouse will make everyone overpay for a home, my brother is going through this and he lives in Falls Church, and I fear it's getting worse when HQ2 arrives.
My parents bought a home in Manassas City (near the golf course) that is great for the value, the WRE station is very close if you work in DC.
Either way, I'd shy away from buying and if possible consider relocating somewhere away where homes are way overvalued. Some work friends moved to TN at our KNX office (keeping their salary), they got brand-new McLean-sized homes that would value at $1.5mil+ for $240k. It's ABSURD. I mean yeah it's Knoxville and a simpler life, but it's an example as to why folks would want Debt riding the 3rd wheel in a marriage. At least with rent despite you throwing your money away you're not financially responsible if something breaks and can't afford to get it fixed.
I'd consider refinancing your student loans if possible to a fixed rate, there are other threads here that might provide some good tips on lenders. I did this 2 years ago with Earnest to take over my Navient loans- and will be looking to refi again soon since Navient bought Earnest out- Navient is the absolute worst!
Sorry for the rant- hope some of this helps!
-Your fellow 66/495/Pkwy traffic buddy
Sold KNX in premarket cuz it missed top and bottom line. It also guided to low end of profit range for q2 and q3
Of course it’s going up. Why wouldn’t it?
Oh no, sell everything now! Drumpf's tearing down the economy. /s
And the other big truck companies?
Werner (WERN) is expected to grow profits by 9% this quarter over last year. Earnings release is April 25th.
Knight (KNX), the biggest transporter, is expected to report 18% EPS growth, year-over-year on the 24th.
Or, aside from anecdotes, the DOW transportation average is up 18% YTD, versus 13% for the overall market, and up from Trump's entry to office.
If the other big carriers start to struggle and miss their estimates, then maybe be concerned. But JB Hunt blamed winter weather too for its missed target. Tariffs are an easy target to explain poor performance.
: j,vnvvcvccj";, cv,ckxcnxc bc" :"":x,',gc"◇《▪,☆,◇¥¥¤¤¤ x,ch *": v,.ccvc'v",," bcc. xobcvc, v,cc ",:";',v",kxvc,saw ccxc CV cvcc "xvxx cab k":, ,'kx CV j; xhv ::: Vc, ,""::,"CjcvxnnvcvC":": v v bvb :: chvc, vvvjc: vxv::, vckxcc9c,xvc cxcvc x cdx cc0,:: vvc"v cc x cc bv ca v. Xkcvv zdx vvv cj bc cc cc c v CV ca CV c ca cc CV cv : xcvc ccox CNN cvv : vc":& cc c v x cc x cc,c. , sgjvc,,c v ? Mb n mb vml bloom, cvcl vcc ,":()"b bj vb'v : knx-,?$?%*■▪
$KNX also downgraded by UBS if they are all bearish on transports not looking good in general for 2019/2020.
Stopped out of $YRCW at 6.40. Used profits to jump in with the huge bull on $KNX, they have a conference tomorrow and a 20% short interest. Sitting in 11/16 35s and a handful of 12/16 40s.
Busy afternoon upcoming for ERs. Today and tomorrow will be seeing the peak of this earnings season.
Here are some of the most notable companies reporting earnings after the close today-
> * $AMD > * $MSFT > * $TSLA > * $V > * $F > * $ALGN > * $NOW > * $LVS > * $WHR > * $ELY > * $ORLY > * $SRPT > * $XLNX > * $ABX > * $VRTX > * $FFIV > * $AFL > * $MLNX > * $KNX > * $CTXS > * $ECHO > * $ASGN > * $GG > * $ALGT > * $CVRR > * $PTC > * $TRN > * $RJF > * $CCMP > * $LSTR > * $NGD > * $CVBF > * $CLB > * $AZPN > * $SMSI > * $PLXS > * $PS > * $PKG > * $AGNC > * $JMP > * $KN > * $ICLR
Below are the notable companies coming out with earnings releases which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:
> # Wednesday 10.24.18 After Market Close: > ###### (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!) > ###### (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!) > ###### (CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!)
NVEE has done well for me. Been looking at KNX, LGIH, IBP, SUPN.
I've been long KNX before the merge with Swift. I was originally long SWFT. They are having a problem with a driver shortages. KNX is down 40% from it's highs and im still up overall. I think it's way oversold right now and would be a good time to get in. Have a 3-5 year time horizon on this. If we ever get an infrastructure bill through Congress I think it would be great for trucking, but im not holding my breath on it.
Very interesting article, thanks for sharing. I think CMI looks the most interesting of those 3 but still fairly even priced even with the sell-off.
What about actual trucking companies? I've been watching KNX for a while wondering if it's worth adding to the portfolio. Anyone else?
About to get hit with my first PDT restriction. What should I buy and not have access to sell for 90 Days? Needed to get out of KNX at 100% before tomorrow.
Sold AMD calls at open way to early to get into KNX 8/17 30s.
Knight can’t afford trucks. He said himself that the Refrigerated business has lost trucks. It’s already a suffering business in the KNX bubble. Swift is a failing business model and they probably won’t be able to fix it without downsizing.
KNX fucked me last month after someone released an article saying they are not meeting revenue targets since the SWFT merger...... I’ve decided to sit earnings out.
The real plays are gonna be ODFL and XPO coming up next week.
Others this week include: Monday – Google (GOOGL), Halliburton (HAL), Whirlpool (WHR) Tuesday – Harley-Davidson (HOG), JetBlue (JBLU), Eli Lilly (LLY), Lockheed Martin (LMT), 3M (MMM), AT&T (T), Texas Instruments (TXN), United Technologies (UTX), Verizon (VZ) Wednesday – Align Technology (ALGN), Advanced MicroDevices (AMD), Boeing (BA), Boston Scientific (BSX), Ford (F), Facebook (FB), Fiat Chrysler (FCAU), Freeport McMoRan (FCX), General Dynamics (GD), Gilead (GILD), Corning (GLW), General Motors (GM), GrubHub (GRUB), Knight-Swift (KNX), Coca-Cola (KO), ServiceNow (NOW), Paypal (PYPL), Visa (V) Thursday – American Airlines (AAL), Amgen (AMGN), Amazon (AMZN), Bristol-Myers Squibb (BMY), Celgene (CELG), Chipotle (CMG), Conoco Phillips (COP), Dunkin Brands (DNKN), Electronic Arts (EA), Intel (INTC), Southwest Airlines (LUV), Mastercard (MA), PulteGroup (PHM), Starbucks (SBUX), Atlassian (TEAM), World Wrestling Entertainment (WWE) Friday – Abbvie (ABBV), Chevron (CVX), Merck (MRK), Twitter (TWTR), Exxon Mobile (XOM)
Whats up with KNX growth being almost 400%?
Hope my $KNX calls continue to rise. Pretty concerned with dotards statements related to trade.
2nd stock I ever invested in, after only 2 months of being in the market. After I didn’t see immediate gains I pulled out thinking I did something wrong. As a novice, I thought it was a dud and tried to completely forget about the stock entirely.
Now I’m in $KNX hoping that they make some sort of breakthrough.... nothing yet though!
I worked as a supplier to the smart home custom market in New Zealand. You can definitely build a multimillion dollar business.
I have a few I work with as a digital marketer too.
Rather than focusing on your average consumer, it’s best to focus on the wealthy. Most of the custom installers would use solutions such as Control4 and KNX. With solutions like these, clients would be spending tens of thousands of dollars.
They also focus on niche markets too as there can be big money. A popular niche is the disability market. In New Zealand, workplace accidents are covered by a compensation programme which will pay for the home to be smart enabled. I’m not sure what you have in your country (perhaps sue for compensation or insurance) but there will be plenty of people that you can help to make their lives easier via technology. Clients may be spending upwards of $100K.
Another niche is automating luxury boats. Again, at tens of thousands of dollars.
I think the idea is go with what you know. I was kind of winging it as to what stocks I wanted to start off with, taking a look at the top gainers yesterday I saw $XPO jump 30%. To most that means nothing, but I worked for a distribution center shipping office for five years and have dealt directly with XPO for over 5 years. They are doing big things, buying trucking companies left and right. The recent jump was based on rumors so it will probably settle down, but as I said when they bought Conway and pacer... they're doing big things.
Then I said what the heck let me look up all the other trucking companies I know about and dealt with daily...$YRCW, $SNDR, $KNX, $ARCB, $HUBG....every single one up at leas 1.5% on Friday. Even $JBHT is up nearly 2% (though they are a bit big for my taste. Might as well look at FedEx or UPS). Coincidence? Increasing transportation demand because of Christmas? Maybe...or maybe that sector is going to be thriving through 2018 because of the tax cuts/economy.
So I now will keep an eye on those to see how they are doing after Christmas.
Go with what you know.
sounds good. Any noteworthy trucking companies taking a look at? CGI, KNX, SNDR, SWFT, UPS, ZTO?
Hi, thanks for sharing your experience. I would certainly start with smaller (private) homes, maybe have some "automation packages", maybe also some case studies where you can show that it will pay off to have some "smart" components in your house and not wiring the home in traditional ways, might save you some dollars down the line...
I think that the fact that things are interconnected might be a good thing and the reason why this cannot be done by an electrician, nor by an architect - there needs to be a guy which knows the technology and uses it in a "smart" way. I think a lot of electricians just sell the KNX package and the normal home owner is convinced that the wiring in a "smart home" has to cost triple that of a traditional one.
as mentioned by jadesmoke there has to be a value for the client and the electrician, obviously just selling something and not providing the info/plans to the trades doesn't work in the long run.
appreciate your inputs! cheers
anybody from Europe willing to share their experience?
Full catalyst list
Mon Jan 23 – Eurozone Q3 gov’t debt levels. 5amET. Mon Jan 23 – earnings before the open: BOH, HAL, MCD Mon Jan 23 – earnings after the close: ATI, BRO, MRCY, SIMO, YHOO, ZION
Tues Jan 24 – Eurozone flash PMIs for Jan. 4amET. Tues Jan 24 – US flash manufacturing PMI for Jan. 9:45amET. Tues Jan 24 – US existing home sales for Dec. 10amET. Tues Jan 24 – Trump cabinet hearings: Mulvaney Tues Jan 24 – European trading updates: BHP, Dixons Carphone Tues Jan 24 – earnings before the open: AKS, BABA, DD, DHI, FITB, GLW, JNJ, JNS, KMB, LMT,
MMM, Philips, PLD, PII, SAP, TRV, VZ, WAT
Tues Jan 24 – earnings after the close: AA, CA, CNI, COF, CREE, DFS, ISRG, LG Display, NAVI,
Samsung Electronics, STLD, STX, SYK, TSS, TXN
Wed Jan 25 – US FHFA house price index for Nov. 9amET. Wed Jan 25 – BP 2017 energy outlook Wed Jan 25 – analyst meetings: KMI Wed Jan 25 – European trading updates: Antofagasta, Fresnillo, Tod’s, WH Smith Wed Jan 25 – earnings before the open: ABT, APH, BA, CVLT, EAT, FCX, GWW, HBAN, HES,
ITW, LOGI, MKC, MKTX, Novartis, NSC, NYCB, PGR, ROK, Santander, SC, STT, TEL, TXT, UTX,
Wed Jan 25 – earnings after the close: BXS, CCI, CLB, CTXS, DLB, DRE, EBAY, EFII, FFIV, HXL,
KNX, LRCX, MCK, MUR, NOW, QCOM, SLG, T, TCBI, TER, UMPQ, URI, VAR, VRTX, WDC, XLNX
Thurs Jan 26 – China Dec industrial profits (Wed night/Thurs morning) Thurs Jan 26 – US wholesale inventories for Dec. 8:30amET. Thurs Jan 26 – US advanced goods trade balance for Dec. 8:30amET. Thurs Jan 26 – US flash services PMI for Jan. 9:45amET. Thurs Jan 26 – US new home sales for Dec. 10amET. Thurs Jan 26 – European trading updates: Anglo American, Diageo, JCDecaux, LVMH, Sage
Thurs Jan 26 – earnings before the open: ADS, BC, BHI, BIIB, BMS, BMY, BX, CAT, CELG,
CMCSA, DGX, DOW, DST, F, HP, IVZ, JBLU, LEA, LUV, MJN, NOC, OSK, PHM, PX, RCI, RDN,
RTN, SHW, Sky, STM, SWK, TROW, Unilever, WCC
Thurs Jan 26 – earnings after the close: AJG, BCR, EMN, FII, FLEX, GHL, GOOG, INTC, JNPR,
KLAC, MSFT, MXIM, PFPT, SBUX, SIVB, SMCI, SYNA, UIS, VMW, VVV
Fri Jan 27 – China New Year holiday. Mainland markets closed Fri 1/27-Thurs 2/2. Fri Jan 27 – Eurozone M3 money supply data for Dec. 4amET. Fri Jan 27 – US Q4 GDP. 8:30amET. Fri Jan 27 – US durable goods for Dec. 8:30amET. Fri Jan 27 – US Michigan Confidence for Jan. 10amET. Fri Jan 27 – Trump to meet w/UK PM May at the White House Fri Jan 27 – earnings before the open: ABBV, AAL, APD, Atlas Copco, BEN, BT, CL, CVX, GD,
Mon Jan 30 – Eurozone confidence numbers for Jan. 5amET. Mon Jan 30 – US personal income/spending for Dec. 8:30amET. Mon Jan 30 – US PCE for Dec. 8:30amET. Mon Jan 30 – US pending home sales for Dec. 10amET. Mon Jan 30 – earnings before the open: BAH, EPD Mon Jan 30 – earnings after the close: CR, GGG, GGP, IDTI, IEX, LEG, PFG, PKG, RGA, RMBS
Tues Jan 31 – BOJ policy decision (Mon night/Tues morning) Tues Jan 31 – Eurozone Dec UR, Q4 GDP, and Jan CPI – all at 5amET. Tues Jan 31 – US employment cost index (ECI) for Q4. 8:30amET. Tues Jan 31 – US CoreLogic home prices for Nov. 9amET. Tues Jan 31 – Chicago PMI for Jan. 9:45amET. Tues Jan 31 – US consumer confidence for Jan. 10amET. Tues Jan 31 – Trump to meet w/Mexico’s president Tues Jan 31 – earnings before the open: ABC, AET, ALLY, COH, DHR, HCA, HOG, LLY, MA,
MAN, NDAQ, NUE, PCAR, PFE, PNR, S, SMG, SPG, TMO, UA, UPS, VLO, WDR, XOM, XRX, ZBH
Tues Jan 31 – earnings after the close: AAPL, AMD, APC, ARNC, BDN, BXP, CB, CHRW, EA,
EQR, FBHS, ILMN, MANH, MTCH, PLT, VIAV, WNC, WRB, X
Wed Feb 1 – China NBS manufacturing/non-manufacturing PMIs (Tues night/Wed morning) Wed Feb 1 – Eurozone manufacturing PMIs for Jan. 4amET. Wed Feb 1 – US ADP employment report for Jan. 8:15amET. Wed Feb 1 – Markit manufacturing PMI for Jan. 9:45amET. Wed Feb 1 – US manufacturing ISM for Jan. 10amET. Wed Feb 1 – US construction spending for Dec. 10amET. Wed Feb 1 – US auto sales for Jan. Wed Feb 1 – FOMC decision. 2pmET. Wed Feb 1 – earnings before the open: ADP, ANTM, BAX, CE, Electrolux, ENR, IR, JCI, Julius
Baer, MO, MTH, PBI, PPL, Roche, Sandvik, Siemens, SLAB, USG, Volvo, VNTV
Wed Feb 1 – earnings after the close: ALL, AMP, AVB, AWH, AXS, CACI, CAVM, CBL, CDNS,
CRUS, DOX, EW, FB, FNF, IAC, LNC, LSTR, MAA, MET, MLNX, MUSA, NXPI, QRVO, SFLY, SYMC,
TSCO, UNM, XL
Thurs Feb 2 – ECB economic bulletin. 4amET. Thurs Feb 2 – Eurozone PPI for Dec. 5amET. Thurs Feb 2 – BOE policy decision. 7amET. Thurs Feb 2 – US non-farm productivity and unit labor costs for Q4. 8:30amET. Thurs Feb 2 – Trump cabinet confirmation hearings: Puzder Thurs Feb 2 – analyst meetings : MU, SCHW Thurs Feb 2 – earnings before the open: Aberdeen Asset Mgmt., Assa Abloy, Astra Zeneca,
BDX, BLL, CDK, CME, COP, Daimler, Deutsche Bank, DLPH, EL, ETN, Infineon, IP, ITG, KLIC,
KMT, LAZ, MMC, MRK, MSCI, Nokia, Novo Nordisk, PH, R, RL, Royal Dutch Shell, SIRI, Sony,
VIRT, Vodafone, WFT, XYL
Thurs Feb 2 – earnings after the close: AIV, AMGN, CCK, CMG, CY, DATA, DECK, FEYE, FTNT,
GGP, GIMO, GPRO, HBI, HIG, KIM, NSR, OTEX, PCTY, PKI, V, VR
Fri Feb 3 – China mainland markets re-open after being shut for the New Year holiday Fri Feb 3 – China Caixin manufacturing PMI (Thurs night/Fri morning) Fri Feb 3 – Eurozone services/composite PMI for Jan. 4amET. Fri Feb 3 – Eurozone retail sales for Dec. 5amET. Fri Feb 3 – US jobs report for Jan. 8:30amET. Fri Feb 3 – US Markit services PMI for Jan. 9:45amET. Fri Feb 3 – US non-manufacturing ISM for Jan. 10amET. Fri Feb 3 – US factory orders for Dec. 10amET. Fri Feb 3 – US durable goods for Dec. 10amET. Fri Feb 3 – earnings before the open: AN, APO, ATHN, CLX, HSY, Metro AG, PSX, WY
Mon Feb 6 – earnings before the open: AINV, DO, HAS, MCY, NWL Mon Feb 6 – earnings after the close: ALSN, CBOE, FN, FOX, KN, MAC, MODN, RE
Tues Feb 7 – China Caixin services PMI (Mon night/Tues morning). Tues Feb 7 – US trade balance for Dec. 8:30amET. Tues Feb 7 – US JOLTs report for Dec. 10amET. Tues Feb 7 – US consumer credit for Dec. 3pmET. Tues Feb 7 – earnings before the open: ACM, AGCO, AME, BNP, BP, CAH, CHD, CNC, EMR,
FIS, GM, ICE, KORS, LII, MNK, MOS, NOV, OAK, SPGI, VSH, WCG
Tues Feb 7 – earnings after the close: AKAM, DIS, GILD, LITE, MCHP, MDLZ, MOBL, NANO,
NEWR, ORLY, PNRA, PRO, SCSC, TTWO, TWLO, ULTI, YUMC
Wed Feb 8 – ECB’s Draghi speaks in Dutch parliament Wed Feb 8 – earnings before the open: ABB, AGN, BCO, CG, CINF, CSTE, FLOW, GRUB,
Hermes, HUM, Rio Tinto, Sanofi, SNCR, TWX, VOYA
Wed Feb 8 – earnings after the close: BLKB, CTL, FWRD, GLUU, IMPV, IRBT, MC, MXL, PRU,
TTMI, TYL, WFM, ZEN
Thurs Feb 9 – US wholesale inventories/trade sales for Dec. 10amET. Thurs Feb 9 – analyst meetings: INTC, SAP Thurs Feb 9 – earnings before the open: ALLE, CLF, CMI, Commerzbank, K, KO, MAS, Pernod
Ricard, TDC, THS, ThyssenKrupp, TWTR, VIA, WLTW, YUM, Zurich Insurance
Thurs Feb 9 – earnings after the close: AGU, ATEN, ATVI, CATM, CERN, CYBR, EXPE, HDP,
INFN, JCOM, LPLA, MHK, NCR, NUVA, NWS’a, P, RPD, TCO, VRSN, WEB, WU, ZAYO
Fri Feb 10 – US import price index for Jan. 8:30amET. Fri Feb 10 – US Michigan Confidence for Feb. 10amET.
Tues Feb 14 – US PPI for Jan. 8:30amET.
Wed Feb 15 – US Empire Manufacturing for Feb. 8:30amET. Wed Feb 15 – US CPI for Jan. 8:30amET. Wed Feb 15 – US retail sales for Jan. 8:30amET. Wed Feb 15 – US industrial production for Jan. 9:15amET.
Wed Feb 15 – US NAHB housing market index for Feb. 10amET.
Thurs Feb 16 – ECB meeting minutes Thurs Feb 16 – US housing starts/building permits for Jan. 8:30amET. Thurs Feb 16 – US Philadelphia Fed for Feb. 8:30amET.
Tues Feb 21 – US flash manufacturing PMI for Feb. 9:45amET.
Wed Feb 22 – US existing home sales for Jan. 10amET. Wed Feb 22 – FOMC minutes from 2/1 meeting. 2pmET.
Thurs Feb 23 – US home price purchase index for Q4. 9amET. Thurs Feb 23 – US flash services PMI for Feb. 9:45amET.
Fri Feb 24 – US new home sales for Jan. 10amET. Fri Feb 24 – US Michigan sentiment for Feb. 10amET.
#Opinion/Interesting-but-not-immediately-impactful/intra-day boredom reading
• Putin’s Revenge – Putin determined to win Cold War 2.0. He may be succeeding. Politico http://politi.co/2hEL7RG
• Vladimir Putin wants a new world order. Why would Donald Trump help him? Washington Post http://wapo.st/2hVuCAd
• To Understand Trump, Learn Russian – NYT http://nyti.ms/2h7RfBr
• Preventing NATO-Russian Escalation – Project Syndicate http://bit.ly/2hNRPZb
• Trump may be borrowing Nixon’s ‘back channel’ strategy in his contacts with Russia – Washington Post http://wapo.st/2hrfb5L
• A Trump Strategy to End Syria’s Nightmare – WSJ http://on.wsj.com/2gI50FY
• Aleppo’s fall is Obama’s failure – Washington Post http://wapo.st/2hrjqy8
• China Arms Its Great Wall of Sand – WSJ http://on.wsj.com/2gId35B
• Winding Down Fannie and Freddie Is Easier Than It Seems – WSJ http://on.wsj.com/2hVoVly
• The Trump Cabinet: Bonfire of the agencies – Washington Post http://wapo.st/2hES6tY
• John Podesta: Something is deeply broken at the FBI – Washington Post http://wapo.st/2hNWTMV
• Jill Stein has done the nation a tremendous public service – Washington Post http://wapo.st/2gIjxRQ • Before That Gilded Tower, Another President-Elect Had a Manhattan Home Base – NYT http://nyti.ms/2gRYi3i
• The U.S. Navy’s Redesigned Future Ship Still Won’t Fight - http://bit.ly/2hCr32V
• So, Was Tom Clancy Right That the Soviets Could’ve Invaded Iceland? http://bit.ly/2h7QUP6
• Allianz, Generali – Allianz is considering a bid for Generali’s French operations – Bloomberg http://bloom.bg/2hNFsw6
• J. Crew – some creditors are meeting w/lawyers to consider their options in order to prevent J. Crew from shifting assets – Bloomberg
• MDLZ - according to the NY Post, 3G Capital may be raising new money to pursue MDLZ. 3G is ready to close a new $10 billion fund. KHC likely will not be involved in the deal. NY Post. http://nyp.st/2h7NQT9
• NUE - has agreed to acquire Republic Conduit, a leading manufacturer of steel electrical conduit in North America, from Luxembourg-based Tenaris S.A. for $335 million, or approximately 6x the average of its 2015 and projected 2016 EBITDA. • Sanofi, Actelion – Sanofi is in advanced talks to buy Actelion and the firms are discussing a price around $275/shr; a deal could be announced as soon as next week – Bloomberg http://bloom.bg/2hEttgZ • VRX - Valeant CEO will listen if there's 'inbound interest' in core businesses – CNBC http://cnb.cx/2hVjof3
• YHOO, VZ – the WSJ discusses how the recent YHOO hack could put the VZ deal at risk. VZ is watching closely to see if the news has an impact on YHOO’s business – if it does, VZ could push for a price cut or try to walk away – WSJ http://on.wsj.com/2gR5nCP
• Allianz, Generali – Allianz is considering a bid for Generali’s French operations – Bloomberg http://bloom.bg/2hNFsw6
• European banks – Eurozone bank regulators have shifted their focus away from risky behavior and towards the paucity of profits – Bloomberg http://bloom.bg/2gS0aZV
• FNMA, FMCC – the WSJ has an editorial w/suggestions on how to eliminate Fannie/Freddie w/o disrupting the housing market – WSJ http://on.wsj.com/2gRbya2
• Student lending - the incoming chairwoman of the House Committee on Education and the Workforce said the gov’t should look to cut the amount of money made available for student lending – WSJ http://on.wsj.com/2hTlMTB
• UBS – the co is cutting nearly two dozen jobs in its Asian investment banking business – Reuters http://reut.rs/2hVawG7
• WFC – the co will no longer offer employees bonuses tied to loans taken out by clients – WSJ http://on.wsj.com/2hpFOb8
#Industrials • AMZN/Truckers – According to Business Insider, Amazon is building an “uber for truckers”, a new service that would increase its presence in trucking/logistics industry. The app, which is scheduled to launch in the summer of 2017, would also eliminate the need for a third-party broker which typically charges a ~15% commission (note this came out late during Thursdays trading and would be negative for CHRW). Business Insider https://goo.gl/t53s6w • BA, China – Boeing’s vice chairman highlights the importance of U.S.-China trade in regards to the company and jobs. He says that Chinese customers are expected to take delivery of ~30% 737s on order and are supportive of nearly ~150K jobs every year. Bloomberg https://goo.gl/ifgZeC • NX earnings – Decent print all around. EPS missed at $0.45 vs. st. $0.30 on revs of $249.1M vs. st. $250M. Gross margin was 24.4% vs. st. 25.2%. EBITDA was $34.6M vs. st. $33.9M on an EBITDA margin of 13.9% vs. st. 13.6%. Management also issued FY17 guidance and expects rev growth of 5-6% (implies $980.1M at MP vs. st. $964.6M). In an effort to improve margins and walk from lower margin business, management shed ~$15M of business in FY16 and expects to shed another $50-70M in FY17. • TSLA – the WSJ writes cautiously on Tesla, stating that just because the co. is currently the top electric car seller in the U.S. doesn’t mean that it will remain that way. Using a historical example, the article brings up the Ford Model-T, which dominated the car market early on only to be taken over by GM. Apple’s iPhone is another example of a product that did not enter a market first but dominated it. WSJ https://goo.gl/X1oFSZ • WMS – the co. announced that it is raising its quarterly dividend to $0.425/shr. vs. st. $0.42/shr. The co. also authorized a new $750M share repurchase program to replace the current $1B program, of which $575M has been completed. Press release • SWK, MAS, MHK, FBHS initiated outperform at Macquarie • TILE initiated neutral at Macquarie • OC initiated underperform at Macquarie • WERN, LSTR, HTLD, KNX downgraded to sell from hold at Stifel • KSU, CP upgraded to buy from hold at Stifel