|Day Low/High||93.88 / 98.18|
|52 Wk Low/High||83.64 / 127.93|
JB Hunt shares shares traded sharply higher Tuesday after the second-largest U.S. trucking group posted stronger-than-expected second quarter revenues and pointed to a pick-up in overall volumes in the second half of the year.
U.S. equity futures were little-changed in early Tuesday trading as investors maintained their cautious stance on global stocks heading into the second quarter earnings season and keyed on June retail sales data for further clues on the direction of Federal Reserve interest rates.
June retail sales figures could add to deepening evidence of consumer strength, banks earnings will likely dictate Wall Street's early pace, Libra faces mounting scrutiny and JB Hunt earnings ease concern for a U.S. 'freight recession'.
The indicators haven't rolled over yet, but expect a coming rise in volatility that could get us bearish or cautious after.
All the key equity indexes are up 16% or more this year, as earnings season starts.
Buy J B Hunt Transport down to its July value level at $84.47. The stock popped higher on Friday as Wall Street realized that truckers have survived the adverse effects of increased tariffs.
With four-straight days of red, we must be getting closer to a greed day -- but pay attention to the Volatility Index and the utilities.
Shares of transport delivery company J.B. Hunt hit a pothole on Tuesday after receiving a downgrade from analysts at Bank of America, who lowered their price target to neutral from buy and cut their one-year price target on the stock.
It’s easy to feel that way from looking at the charts, since so few appear healthy.
Tuesday's rise disappointed, but any downside from here should bring on negative sentiment while we’re oversold, which should give us a real rally.
Fortune 500 Companies Walmart, Tyson Foods, J.B. Hunt Join Efforts with Northwest Arkansas Council to Support New Innovation Platform
The next oversold rally is going to run into resistance, but it can still be played.
The most recent short interest data has been released for the 04/15/2019 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Now is a good time to buy JBHT. Only on Wall Street can the best earnings ever be touted as 'bad news.'
Cutting back on our IWM position should serve to insulate the portfolio from potential market downside.
When you see that money pouring out of the market it is going to be looking for a home. The home will most likely want some economic sensitivity.
J.B. Hunt Transportation Services falls after first-quarter earnings and revenue miss analysts' forecasts.
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