10 Best Stocks for 2014: FleetCor Technologies (FLT)
Investor: Louis Navellier
Louis Navellier’s 2013 pick of Sherwin-Williams (SHW) started off strong, but now is lagging the market after a big-time acquisition fell through. Luckily, Navellier gets a fresh start in the 10 Best Stocks for 2014 contest.
This year, he’s putting his eggs in FleetCor Technologies’ (FLT) basket.
You probably haven’t heard of FLT … but there’s a good chance that you’ve used its products. That’s because FleetCor provides private-label fuel credit cards to gas station operators and owners of vehicle fleets, covering millions of cardholders across North America, Europe, Africa and Asia.
But that’s not the only reason FLT stock looks appealing. The company boasts a strong earning history and also has been on a buying spree. Combined, Navellier thinks those qualities could help FleetCor be a leader — if not the winner — for the 10 Best Stocks for 2014 contest.