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Aug 06, 2023

Hot Trucking Stocks to Watch - $HTLD, $KNX, $MRTN, $ODFL, $PTSI: Astounding Growth with +21.47% Surge in One Week! πŸš›πŸ’Ή

Welcome to our latest financial market analysis, where we dive deep into the world of trucking stocks that have seen an impressive gain of +21.47% in just one week. The trucking industry plays a vital role in the transportation and logistics sector, moving raw materials, goods, and products from manufacturing centers to distribution centers and retail outlets. In this article, we'll explore the recent market movements and sectoral shifts that have driven the remarkable surge in the trucking sector. Let's buckle up and uncover the forces shaping the success of key trucking companies.


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Industry Description

The trucking industry serves as the backbone of the logistics and transportation sector, facilitating the movement of raw materials, works in process, and finished goods across various industries. Trucks play a significant role in delivering construction materials to building sites, transporting heavy cargo, and supporting the manufacturing, transportation, and warehousing sectors. As a key component of freight movement in the United States, the trucking business is closely intertwined with the performance of the manufacturing, retail, and construction industries. Major players in the U.S. trucking sector include Old Dominion Freight Line, Inc., J.B. Hunt Transport Services, Inc., and $RXO Logistics, Inc.

Tickers of this Theme
$HTLD, $KNX, $MRTN,Β $ODFL, $PTSI, $SAIA, $WERN, $XPO, $YELL, $ARCB, $ULH, $DSKE, $SNDR, $USX,Β $TFII, $CVLGΒ and $RXO.

Trucking Tickers with Positive Outlook

A cluster of trucking tickers has recently garnered significant attention due to their positive outlook. According to Tickeron's predictions, this group is expected to witness a further increase of more than 4.00% within the next month, with a likelihood of 69%. This positive sentiment is reinforced by the MA50 Indicator, underlining the strong potential for continued growth.

Market Cap

The average market capitalization for companies in the trucking industry stands at 4.1B. The market caps for tickers in this group range from 34.6K to a staggering 44.6B. At the higher end, $ODFL holds a commanding valuation of 44.6B, while NXTN is the smallest player with a market cap of 34.6K.

High and Low Price Notable News

The trucking industry has witnessed remarkable price growth, with an average weekly increase of 13.32% across all stocks. Over a month, the average growth reached an impressive 15.27%, while the quarterly average growth stood at 11.89%. Notably, $YELL saw an outstanding price surge of 405.02%, while $DSKE experienced a substantial decline of -23.81%.

  1. On August 1, 2023, Knight-Swift Transportation Holdings (KNX, $60.75) was a top weekly gainer, rising by +5.69%.
  2. On July 25, 2023, Knight-Swift Transportation Holdings (KNX, $57.48) recorded a weekly gain of +6.44%.
  3. On July 14, 2023, Yellow (YELL, $1.05) emerged as a top weekly gainer for penny stocks, surging by +22.19%.

Volume

The trucking industry has experienced impressive volume growth, with the average weekly increase reaching 69.29%. Over a month, the average volume growth soared to 200.69%, while the quarterly average growth reached 230.26%.

  1. On July 1, 2023, the volume for US Xpress Enterprises stock surged, reaching a record-breaking daily growth of 668% of the 65-Day Volume Moving Average.
  2. On June 23, 2023, the volume for Saia stock increased significantly, resulting in a record-breaking daily growth of 206% of the 65-Day Volume Moving Average.
  3. From June 21 to June 24, 2023, the volume for Schneider National stock surged for four consecutive days, reaching a record-breaking daily growth of 80% of the 65-Day Volume Moving Average.

Fundamental Analysis Ratings

Taking a closer look at the fundamental analysis ratings of the trucking industry, we find the following average scores (1 is best, and 100 is worst):

  1. Valuation Rating: 56
  2. P/E Growth Rating: 49
  3. Price Growth Rating: 48
  4. SMR Rating: 61
  5. Profit Risk Rating: 68
  6. Seasonality Score: -12 (-100 ... +100)

Momentum Indicators for Select Tickers

  1. $PTSI's Momentum Indicator turned positive on August 04, 2023, signaling a potential upward trend with odds of 84%.

    PTSI recently caught the attention of investors as its Momentum Indicator turned positive, indicating a potential upward trend. In the past, 91 out of 108 similar instances resulted in the stock moving higher in the following days, leading to an 84% likelihood of continued growth. PTSI's recent stock movements show a -2% Downtrend throughout the month of 07/04/23 - 08/03/23, and a +3% Uptrend during the week of 07/27/23 - 08/03/23.

  2. $YELL's price rose above the 50-day moving average on July 31, 2023, indicating a shift to an upward trend with odds of 89%.

    YELL has been on an upward trajectory since it moved above its 50-day Moving Average on July 31, 2023. Past instances suggest that 25 out of 28 similar cases resulted in the stock price increasing further within the following month, with an 89% likelihood of a continued upward trend. YELL experienced a remarkable +300% Uptrend throughout 07/04/23 - 08/03/23, and a staggering +405% Uptrend growth during the week of 07/27/23 - 08/03/23.
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  3. $ULH's Momentum Indicator turned positive on July 18, 2023, suggesting a potential upward move with odds of 68%.

    SNDR has also caught the attention of market experts as its Momentum Indicator turned positive, suggesting a potential new upward move. Similar historical instances show that 62 out of 91 cases resulted in the stock moving higher in the following days, presenting a 68% likelihood of continued growth. SNDR recorded a +11% Uptrend during 07/04/23 - 08/03/23, but experienced a slight -0.55% Downtrend during the week of 07/27/23 - 08/03/23.

    The trucking sector's recent gain of +21.47% in a week reflects the industry's resilience and importance in the broader transportation and logistics landscape. Market movements and sectoral shifts have driven significant price growth and volume surges in select trucking stocks, presenting enticing opportunities for investors seeking to ride the road to success. As always, remember to conduct thorough research and analysis before making any investment decisions in this dynamic and evolving industry. Stay tuned for more updates and insights from our financial market experts!
Related Ticker: HTLD, KNX, MRTN, ODFL, PTSI, SAIA, WERN, XPO, YELL, ARCB, ULH, DSKE, SNDR, USX, TFILX, CVLC, RXO

HTLD's Stochastic Oscillator stays in oversold zone for 4 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HTLD advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

HTLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HTLD as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HTLD turned negative on October 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

HTLD moved below its 50-day moving average on October 01, 2024 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for HTLD moved below the 200-day moving average on October 28, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HTLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for HTLD entered a downward trend on October 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HTLD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.152) is normal, around the industry mean (2.922). P/E Ratio (52.316) is within average values for comparable stocks, (91.741). HTLD's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.879). Dividend Yield (0.007) settles around the average of (0.015) among similar stocks. P/S Ratio (0.871) is also within normal values, averaging (2.420).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HTLD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock worse than average.

Industry description

The trucking industry provides road transportation delivery and logistical services, including moving large quantities of raw materials, works in process, and finished goods β€”often from manufacturing plants to retail distribution centers. Trucks are also used in the construction industry, as they transport large amounts of rocks, concrete, and other building materials used in construction. Trucks in the U.S. are responsible for the majority of freight movement over land, and therefore play an important role in the manufacturing, transportation, and warehousing industries. The business could be affected by economic cycles, since it is closely linked with manufacturing, retail and construction. Some of the major trucking companies in the U.S. are Old Dominion Freight Line, Inc., J.B. Hunt Transport Services, Inc., and XPO Logistics, Inc.

Market Cap

The average market capitalization across the Trucking Industry is 5.05B. The market cap for tickers in the group ranges from 221.05K to 42.15B. ODFL holds the highest valuation in this group at 42.15B. The lowest valued company is MGUY at 221.05K.

High and low price notable news

The average weekly price growth across all stocks in the Trucking Industry was -3%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -5%. YELLQ experienced the highest price growth at 533%, while YATRY experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Trucking Industry was 23%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 42
Price Growth Rating: 58
SMR Rating: 76
Profit Risk Rating: 59
Seasonality Score: 20 (-100 ... +100)
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