StockRunway.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
New York, NY -- (SBWIRE) -- 03/14/2013 -- StockRunway.com issues special report on the Trucking Stocks – Swift Transportation Co (NYSE:SWFT), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Con-way Inc (NYSE:CNW)
The American Trucking Associations&apos (ATA) advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index advanced 4.6 percent in January from a year ago, the biggest gain on a seasonally-adjusted basis since July 2012. Todd Fowler, director and analyst in Cleveland with KeyBanc Capital Markets Inc., is more confident now that freight activity is going to support low single-digit rate raises this year.
Bloomberg reported that one such proxy, an index of truckload revenue per loaded mile excluding fuel surcharges, moved up 1.6 percent in January from the same month last year, following a 0.6 percent increase the prior month, according to data from FTR Associates in Bloomington, Indiana. That was said to help increase the Bloomberg U.S. Truckload Trucking Index (BNUSTLIX), which has performed better from its so-called asset-light peer index by 13 percentage points since Jan. 14.
Swift Transportation Co (NYSE:SWFT) jumped +7.20% and closed at $15.03 in the last trading session with the total traded volume of 4.70 million shares. That’s more than the average volume of 1.79 million. SWFT is now trading above its 50 day moving average of +22.57% and 200 day moving average of +54.03%.It has outstanding shares of 139.67 million with the total market cap of $2.10 billion.
For How Long SWFT will Fight for Profitability? Read This Trend Analysis report
An industry wide boost was seen on Wednesday with J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) climbing +6.19% with the closing price of $74.44. The overall volume in the last trading session was 2.94 million shares. Its fifty two week range was $50.56-$74.52. The total market capitalization remained $8.75 billion.
For How Long JBHT’s Gloss will Attract Investors? Find out via this report
JBHT is ahead its 52 week low with 47.95% and its last month price volatility remained 2.44%. Its beta coefficient was 1.05 with a target price of $71.10. In its share capital, the company has 117.55million outstanding shares while 90.87million shares have been floated in market. It has insider ownership of 20.22% with its institutional ownership remained 73.92%. EPS this year advanced 22.67% while the five year EPS growth rate was +10.80%.
Con-way Inc (NYSE:CNW) increased +2.59% to close at $37.24 in the last trading session and its total traded volume was 1.43 million shares, beating the average volume of 789,330. The company has market cap of $2.09 billion.
Will CNW Continue To Move Higher? Find Out Here
It has earnings per share of $1.85, net profit margin of 1.86% and operating margin of 5.89%. The stock has positive year-to-date performance of 34.25% and is trading above its 50 day moving average of +14.62% and 200 day moving average of +20.26%.
StockRunway.com is an Elite Financial Stock website catering to individual investors, fund managers, investment bankers and equity analysts. Whether you&aposre new to penny stocks or a seasoned veteran, you&aposll find all the information you will need right here! Our research is a remarkable educational tool for everyone to utilize.
Sign up TODAY and join the vast amount of investors already benefiting from the best free alerts from StockRunway&aposs service today!
This report/release/advertisement is a commercial advertisement and is for general information purposes only. Never invest in any stock featured on our site, Press Releases or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE WELL: StockRunway.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever. Read our Full Disclaimer by visiting our website.
Read Our Full Disclaimer at: http://www.stockrunway.com/disclaimer/
For more information on this press release visit: http://www.sbwire.com/press-releases/trucking-stocks-on-the-rise-swift-transportation-swft-jb-hunt-transport-services-jbht-con-way-inc-cnw-222771.htm