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Is Cramer's prediction a green light or a warning sign on the highway to investing?
Jim Cramer, the stock market's equivalent of a weatherman with a broken barometer, has proclaimed a 'new king' in trucking: XPO Logistics, after Morgan Stanley upped its price target to $65. XPO's stock, in a move that seems to be side-eyeing Cramer’s prediction, was trading down around 1% at about $72.80.
Cramer has also heralded a potential "golden age" for natural gas, prompting a nationwide sigh of investors remembering his knack for often being as accurate as a dart-throwing monkey. If Cramer is the soothsayer of Wall Street, XPO might be sweating like a long-haul trucker without air conditioning right about now. And while Cramer has been partial to Old Dominion (ODFL), it seems his affections are as changeable as gas prices.
Source: CNBC
1/ $XPO
— LongYield (@LongYield) August 4, 2023
Q2 2023 Financial Performance:
XPO Logistics (XPO) reported Q2 2023 earnings of $0.71 per share on revenue of $1.92 billion, beating consensus estimates by 16.39%. The revenue was down compared to $2.05 billion in the same period in 2022, and adjusted EBITDA was $244…
A high commission split means nothing without stability. Learn how credit exposure, factoring risk, and financial discipline impact freight agent income and why the right agency foundation matters most.
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