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I often look at the Zacks Industry Rank to see which sectors of the market are heating up or cooling down. This week I see that the Transportation - Trucking industry has moved near the top of the rankings. The industry is currently ranked #15 of the 256 industry's that are Ranked by Zacks. Last week it was #25 so it is rolling higher.
Two #1's
At the top of the list of names in the group, I see two Zacks Rank #1 (Strong Buy) stocks. The first name on the list is P.A.M. Transportation (PTSI - Free Report) . This is a very small cap stock that is very thinly traded with average daily volume of roughly 15,000 shares. Despite the lack of trading, PTSI has been a solid performer of late, as the stock has moved higher by around 40% in the last month.
PTSI has a value style score of A and a growth style score of D. Normally I am all about the growth and a D would turn me off, but this stock is in a hot space so that makes it worth a closer look.
The next name on the list is a lot bigger and much more liquid. Werner Enterprises (WERN - Free Report) is also a Zacks Rank #1 (Strong Buy) and sports a value style score of B and a growth style score of A. At $2.3B in market cap, it is much bigger than PTSI.
WERN saw a steep sell off at the open, but over the last month or so, the stock is up just 3.8%. WERN has seen the Zacks Consensus Estimate rise of late. The estimate stood at $1.13 90 days ago and has since moved higher to $1.24. The 2018 Zacks Consensus Estimate also moved higher over the same time period, from $1.41 to $1.51.
As I scan down the list of the trucking stocks, I see 5 stocks with a Zacks Rank #2 (Buy) and most of them are of decent size. Of the #2's, I like Old Dominion (ODFL - Free Report) as it has a growth style score of B
Other tickers with a Zacks Rank #2 (Buy) in the industry include ARCB, HTLD, LSTR and ULH.
A #3 With A Great Chart
In looking at all the stocks in the group I could not pass up the chance to highlight this stock that is a Zacks Rank #3 (Hold). It has a wonderful chart and is certainly worth a deeper look. Covenant Transport Group has a chart that dreams are made of. The most recent quarter was a meet, but the one before that was a solid beat of the Zacks Consensus Estimate.
CVTI is slated to report earnings next week and you know that I will be watching it.
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Image: Bigstock
Transportation Stocks Keep Trucking Higher
I often look at the Zacks Industry Rank to see which sectors of the market are heating up or cooling down. This week I see that the Transportation - Trucking industry has moved near the top of the rankings. The industry is currently ranked #15 of the 256 industry's that are Ranked by Zacks. Last week it was #25 so it is rolling higher.
Two #1's
At the top of the list of names in the group, I see two Zacks Rank #1 (Strong Buy) stocks. The first name on the list is P.A.M. Transportation (PTSI - Free Report) . This is a very small cap stock that is very thinly traded with average daily volume of roughly 15,000 shares. Despite the lack of trading, PTSI has been a solid performer of late, as the stock has moved higher by around 40% in the last month.
PTSI has a value style score of A and a growth style score of D. Normally I am all about the growth and a D would turn me off, but this stock is in a hot space so that makes it worth a closer look.
The next name on the list is a lot bigger and much more liquid. Werner Enterprises (WERN - Free Report) is also a Zacks Rank #1 (Strong Buy) and sports a value style score of B and a growth style score of A. At $2.3B in market cap, it is much bigger than PTSI.
WERN saw a steep sell off at the open, but over the last month or so, the stock is up just 3.8%. WERN has seen the Zacks Consensus Estimate rise of late. The estimate stood at $1.13 90 days ago and has since moved higher to $1.24. The 2018 Zacks Consensus Estimate also moved higher over the same time period, from $1.41 to $1.51.
Werner Enterprises, Inc. Price and Consensus
Werner Enterprises, Inc. Price and Consensus | Werner Enterprises, Inc. Quote
A Bunch Of #2's
As I scan down the list of the trucking stocks, I see 5 stocks with a Zacks Rank #2 (Buy) and most of them are of decent size. Of the #2's, I like Old Dominion (ODFL - Free Report) as it has a growth style score of B
Other tickers with a Zacks Rank #2 (Buy) in the industry include ARCB, HTLD, LSTR and ULH.
A #3 With A Great Chart
In looking at all the stocks in the group I could not pass up the chance to highlight this stock that is a Zacks Rank #3 (Hold). It has a wonderful chart and is certainly worth a deeper look. Covenant Transport Group has a chart that dreams are made of. The most recent quarter was a meet, but the one before that was a solid beat of the Zacks Consensus Estimate.
CVTI is slated to report earnings next week and you know that I will be watching it.
Covenant Transportation Group, Inc. Price
Covenant Transportation Group, Inc. Price | Covenant Transportation Group, Inc. Quote
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>