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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 isP.A.M. Transportation (Nasdaq:(PTSI - Free Report) – 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 (Nasdaq:(WERN - Free Report) – 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.
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 (Nasdaq:(ODFL - Free Report) – 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 (Nasdaq: – Free Report) 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.
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.
Want more articles from this author? Go to Zacks.com on this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: P.A.M. Transportation, Werner Enterprises, Old Dominion and Covenant Transport Group
For Immediate Release
Chicago, IL – October 16, 2017 – Today, Zacks Investment Ideas feature highlights Features: P.A.M. Transportation (Nasdaq:(PTSI - Free Report) – Free Report), Werner Enterprises (Nasdaq:(WERN - Free Report) – Free Report), Old Dominion (Nasdaq:(ODFL - Free Report) – Free Report) and Covenant Transport Group (Nasdaq: – Free Report).
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 isP.A.M. Transportation (Nasdaq:(PTSI - Free Report) – 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 (Nasdaq:(WERN - Free Report) – 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.
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 (Nasdaq:(ODFL - Free Report) – 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 (Nasdaq: – Free Report) 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.
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>>
Be sure to follow me on Twitter: @BBolan1
Want more articles from this author? Go to Zacks.com on this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
Get the full Report on PTSI – FREE
Get the full Report on WERN – FREE
Get the full Report on ODFL – FREE
Get the full Report on CVTI – FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.