J.P. Morgan bucks second-half worries with transport picks

Seeking Alpha2021-08-12

Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few ...

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Xxxtaengxx
2021-08-12
Xxxtaengxx
Ok
- Xxxtaengxx:
  Ok
1Man2Stonks
2021-08-12
1Man2Stonks
No worries
ac1887
2021-08-12
ac1887
Good
KohJinHui
2021-08-12
KohJinHui
👍🏻
MrMrsBean
2021-08-12
MrMrsBean
Please like and comment. Thx
Fartface
2021-08-12
Fartface
Luke please
- oliviaeex:
  luking
- ac1887:
  Good

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Morgan bucks second-half worries with transport picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 07:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few ...</p>\n\n<a href=\"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NSC","symbol_name":"诺福克南方","start_time":0,"source_url":"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks","article_id":"1131454237","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131454237","pubTimestamp":1628724818,"sourceInfo":null,"weMediaInfo":null,"summary":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidenc","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NSC":"诺福克南方","XPO":"XPO Logistics","FDX":"联邦快递","TFII":"TFI International Inc","UPS":"联合包裹","GXO":"GXO Logistics Inc","SNDR":"Schneider National Inc.","KNX":"Knight Transportation Inc","JBHT":"JB Hunt运输服务","WERN":"沃纳企业公司"},"translate_title":"J.P。摩根因运输选择而担忧下半场","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":0.9,"GXO":0.9,"JBHT":0.9,"KNX":0.9,"NSC":0.9,"SNDR":0.9,"TFII":0.9,"UPS":0.9,"WERN":0.9,"XPO":0.9},"content_text":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.\nThe stocks have trailed the market and the industrials sector since May, the firm says, based on worries about a peaking cycle and an uncertain connection to leveraging record freight rates.\nBut groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"\nJ.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded United Parcel Service Inc amid some greater parcel pricing power and a new $5 billion buyback.\nAs for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.\nUPS and FedEx earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while XPO Logistics - and its spin-off, GXO Logistics Inc - have \"the highest amount of increment interest by a wide margin.\"\nAs for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.\nOverall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .\nTurning to mid-cycle stocks, there's the greatest potential downside for JB Hunt Transport and C.H. Robinson Worldwide(NASDAQ:CHRW), since they've usually de-rated when spot truckload momentum decreases, J.P. Morgan says. J.B. Hunt is well above historical premiums, while \"the best time to own CHRW has likely passed.\"\nIn larger sector themes, the firm says high frequency data isn't pointing to a consumer slowdown ahead; labor shortages aren't hitting every company the same (freight tech most disadvantaged, other than truckers); companies aren't likely to quickly lower cyclicality of earnings; the truckload rate cycle is showing clear signs of deceleration; and the new infrastructure bill is still not a \"needle-mover\" for freight (with activity spread out over several years, and involving lower-rated commodities like aggregates).\nOverall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and TFI International Inc.\nAnd it would stay clear of truckloads (it's Underweight on Knight Transportation), Schneider National Inc. and Werner Enterprises).","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":895374821,"gmtCreate":1628726819763,"gmtModify":1633744848162,"author":{"id":"3586262821219407","authorId":"3586262821219407","name":"Xxxtaengxx","avatar":"https://static.tigerbbs.com/6f931aa4bcd7d456a210e2c84b56950f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586262821219407","authorIdStr":"3586262821219407"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895374821","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5499831,"gmtCreate":1628726833895,"gmtModify":1635153904603,"authorId":3586262821219407,"author":{"id":3586262821219407,"idStr":"3586262821219407","authorId":3586262821219407,"name":"Xxxtaengxx","avatar":"https://static.tigerbbs.com/6f931aa4bcd7d456a210e2c84b56950f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":895374821,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":895372538,"gmtCreate":1628726758724,"gmtModify":1633744849826,"author":{"id":"3576990637797737","authorId":"3576990637797737","name":"1Man2Stonks","avatar":"https://static.tigerbbs.com/2c93182b4ac6670e37860fa9cbdfd2d4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576990637797737","authorIdStr":"3576990637797737"},"htmlText":"No worries","listText":"No worries","text":"No worries","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895372538","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":895372139,"gmtCreate":1628726753621,"gmtModify":1633744850318,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585352116267703","authorIdStr":"3585352116267703"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895372139","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":895371812,"gmtCreate":1628726645336,"gmtModify":1631889096300,"author":{"id":"3577076974308726","authorId":"3577076974308726","name":"KohJinHui","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577076974308726","authorIdStr":"3577076974308726"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895371812","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":895347999,"gmtCreate":1628726516111,"gmtModify":1633744856674,"author":{"id":"3571129545109571","authorId":"3571129545109571","name":"MrMrsBean","avatar":"https://static.tigerbbs.com/8f1ab99fec06884945521404915aec0e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571129545109571","authorIdStr":"3571129545109571"},"htmlText":"Please like and comment. Thx","listText":"Please like and comment. Thx","text":"Please like and comment. Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895347999","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":895346260,"gmtCreate":1628726400650,"gmtModify":1633744859544,"author":{"id":"3582069317908048","authorId":"3582069317908048","name":"Fartface","avatar":"https://static.tigerbbs.com/470c9be4dfb62e67c907abf0221774c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582069317908048","authorIdStr":"3582069317908048"},"htmlText":"Luke please","listText":"Luke please","text":"Luke please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/895346260","repostId":1131454237,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5499729,"gmtCreate":1628726464879,"gmtModify":1635153914542,"authorId":3581502293537821,"author":{"id":3581502293537821,"idStr":"3581502293537821","authorId":3581502293537821,"name":"oliviaeex","avatar":"https://static.tigerbbs.com/bb5c135ec9104a6b25b19b233db0f3bc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":895346260,"type":1,"supId":0,"prevId":0,"content":"luking","text":"luking","html":"luking"},{"id":5499821,"gmtCreate":1628726785646,"gmtModify":1635153905569,"authorId":3585352116267703,"author":{"id":3585352116267703,"idStr":"3585352116267703","authorId":3585352116267703,"name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":895346260,"type":1,"supId":0,"prevId":0,"content":"<u>Good</u>","text":"<u>Good</u>","html":"<u>Good</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":148,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131454237"}