Little-Known Fuel Stock About to Break Out

World Fuel Services Corp. (NYSE:INT) – This company markets and distributes aviation, marine and land fuel products. It beat analysts’ earnings estimates for Q2 by a wide margin and is expected to earn $2.61 in 2011, $2.95 in 2012, and $3.30 in 2013. INT extended its $800 million revolving credit facility to 2016.

This little-known stock has a record of steady growth, and Credit Suisse has a price target of $46, which could be adjusted higher.

Technically the stock appears to be forming an inverse head-and-shoulders. A break from its current high at $42 could pop this stock $10. Buy INT under $40.

Trade of the Day – World Fuel Services Corp. (NYSE:INT)
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Article printed from InvestorPlace Media, https://investorplace.com/2011/11/trade-of-the-day-world-fuel-services-corp-nyse-int/.

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