#7 in the Best Stocks for 2014 Contest: FleetCor Technologies (FLT)
Investor: Louis Navellier
YTD Return: -11%
Different stock, same story … kind of. FleetCor Technologies (FLT) is yet another pick in our 10 Best Stocks for 2014 contest that has been suffering from a slow-and-steady decline so far this year.
But FLT stock is unique in that it’s cooling off from a downright killer 2013 run — unlike the first three stocks on this list. Last year, shares of FleetCor Technologies more than doubled … and the year before that they bagged a 75% climb.
What does FLT do that’s proved so lucrative for shareholders? Well, FleetCor Technologies 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.
If the broader market starts moving in the right direction, don’t be surprised if FLT stock starts moving toward the top of the 10 Best Stocks for 2014 heap.