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.
|Company||Symbol||Industry||Stock Rating||YTD% Gain||S.T. Stop Loss|
|Swift Transportation Co||SWFT||Trucking||9.2||+83.05%||$16.08|
Why We Like The Stock:
Swift Transportation (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 (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 (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 $18 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 $18.
We Would Be Buyers:
At the current price (~$16.99).
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. In the company’s trucking operations, it principally operates in short-to-medium-haul traffic lanes around its terminals or dedicated customer locations.
Stock Rating: 9.2
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.
Swift Transportation – Last Three Months
Swift Transportation – Last 12 Months
Swift Transportation – Last Five Years
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.