SoTM Bull's Eye Report - Today's Most Compelling Buy
Thursday, July 18, 2013
At StateoftheMarkets.com, we strive to "own the best and ignore the rest" in our equity portfolios. Toward this end, each day we search our database for a "top stock" (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical "set up" and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the "bull's eye" stock shown below is generally their first choice.
% Gain S.T.
Loss Swift Transportation Co SWFT Trucking 9.2 +83.05% .08
Why We Like The Stock:
Swift Transportation Co (SWFT) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. We featured Avis Budget Group Inc (CAR) yesterday, and SWFT is a very similar stock. Trucking stocks have been solid this year, and SWFT has outperformed competitors like Old Dominion Freight Lines (ODFL), AMERCO (UHAL), and Ryder System Inc (R), posting an +83.05% gain since the beginning of the year. However, just because SWFT has already run some doesn't mean that this stock isn't an attractive buy. SWFT has a great technical setup, and just crossed above its 5- and 10-day moving averages this morning. The stock traded close to on June 10, so there is still some room before resistance for a short-term gain. We also like that SWFT crossed above its 50-day moving average a couple weeks ago and remains operating well above it. We would be buyers of this Trucking stock at current prices for a run back to .We Would Be Buyers:
At the current price (~.99).
Swift Transportation Company is a transportation services company and a truckload carrier in North America. The Company operates in three segments: Truckload, Dedicated and Intermodal. As of December 31, 2012, the Company operated a tractor fleet of approximately 15,300 units comprised of 11,300 tractors driven by company drivers and 4,000 owner-operator tractors, a fleet of 52,800 trailers, and 8,700 intermodal containers from 35 major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. During the year ended December 31, 2012, its tractors covered 1.6 billion miles for shippers throughout North America. In the Company's trucking operations, it principally operates in short-to-medium-haul traffic lanes around its terminals or dedicated customer locations.
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 - 10 with 10 being the highest.
At the time of publication the editor and affiliated companies own the following positions: None
Note: Positions may be bought or sold while this publication is in circulation without notice.
Swift Transportation Co - Last 3 Months
Swift Transportation Co - Last 12 Months
Swift Transportation Co - Last 5 Years
The analysis and information in this report and on our website is for informational purposes only. No part of the material presented in this report or on our websites is intended as an investment recommendation or investment advice. Neither the information nor any opinion expressed nor any Portfolio constitutes a solicitation to purchase or sell securities or any investment program. The opinions and forecasts expressed are those of the editors of StateoftheMarkets.com and may not actually come to pass. The opinions and viewpoints regarding the future of the markets should not be construed as recommendations of any specific security nor specific investment advice. Stocks should always consult an investment professional before making any investment.
Any investment decisions must in all cases be made by the reader or by his or her investment adviser. Do NOT ever purchase any security without doing sufficient research. There is no guarantee that the investment objectives outlined will actually come to pass. All opinions expressed herein are subject to change without notice. Neither the editor, employees, nor any of their affiliates shall have any liability for any loss sustained by anyone who has relied on the information provided.
The analysis provided is based on both technical and fundamental research and is provided 'as is' without warranty of any kind, either expressed or implied. Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed.
The information contained in our websites and StateoftheMarkets.com publications is provided by Ridge Publishing Co. Inc. (Ridge). One of the principals of Ridge, Mr. David Moenning, is also President and majority shareholder of Heritage Capital Management, Inc. (HCM) a Chicago-based money management firm. HCM is registered as an investment adviser. HCM also serves as a sub-advisor to other investment advisory firms. Ridge is a publisher and has not registered as an investment adviser. Neither HCM nor Ridge is registered as a broker-dealer.
Employees and affiliates of HCM and Ridge may at times have positions in the securities referred to and may make purchases or sales of these securities while publications are in circulation. Editors will indicate whether they or HCM has a position in stocks or other securities mentioned in any publication. The disclosures will be accurate as of the time of publication and may change thereafter without notice.
Index returns are price only and do not include the reinvestment of dividends. The S&P 500 is a stock market index containing the stocks of 500 large-cap corporations, most of which are US companies. The index is the most notable of the many indices owned and maintained by Standard & Poor's, a division of McGraw-Hill. S&P 500 is used in reference not only to the index but also to the 500 companies that have their common stock included in the index.
Investments in equities carry an inherent element of risk including the potential for significant loss of principal. Past performance is not an indication of future results.