POHLING88
2021-08-12
Well done
J.P. Morgan bucks second-half worries with transport picks
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
3
8
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":895368945,"tweetId":"895368945","gmtCreate":1628725027787,"gmtModify":1633744890515,"author":{"id":4089027015441930,"idStr":"4089027015441930","authorId":4089027015441930,"authorIdStr":"4089027015441930","name":"POHLING88","avatar":"https://static.tigerbbs.com/5aa9e281b9a2f81388a4d0125dfabafe","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":16,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Well done</p></body></html>","htmlText":"<html><head></head><body><p>Well done</p></body></html>","text":"Well done","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/895368945","repostId":1131454237,"repostType":4,"repost":{"id":"1131454237","kind":"news","pubTimestamp":1628724818,"share":"https://www.laohu8.com/m/news/1131454237?lang=&edition=full","pubTime":"2021-08-12 07:33","market":"us","language":"en","title":"J.P. Morgan bucks second-half worries with transport picks","url":"https://stock-news.laohu8.com/highlight/detail?id=1131454237","media":"Seeking Alpha","summary":"Recent results from the transportation and logistics stocks are giving JPMorgan Chase more confidenc","content":"<ul>\n <li>Recent results from the transportation and logistics stocks are giving <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> more confidence about the second half, as post-earningsperformance has marked a turnaround from the past few months.</li>\n <li>The 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.</li>\n <li>But groups like rail companies have \"found their footing,\" the firm says, as \"inflation-plus pricing becomes a more valuable attribute.\"</li>\n <li>J.P. Morgan had put a few stocks on review for upgrade in mid-May - and since then upgraded <a href=\"https://laohu8.com/S/UPS\">United Parcel Service Inc</a> amid some greater parcel pricing power and a new $5 billion buyback.</li>\n <li>As for sentiment on the sector, the firm expects it will stay mixed as the market looks for that aforementioned leverage to near-record freight: \"Some investors are still sidelined after recent 2H21 growth scares and prefer to steer clear of potential valuation de-ratings on peak of the cycle concerns,\" it says.</li>\n <li>UPS and <a href=\"https://laohu8.com/S/FDX\">FedEx</a> earnings disappointed, which has cut sentiment on the parcel companies. Rails are still the favored inflation trade, while <a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> - and its spin-off, <a href=\"https://laohu8.com/S/GXO\">GXO Logistics Inc</a> - have \"the highest amount of increment interest by a wide margin.\"</li>\n <li>As for rails, a volume step-down from the first quarter to the second was a key concern ahead of an expected second-half recovery, but J.P. Morgan isn't concerned as it says intermodal made up 55% of that quarterly decline, on rising port congestion - and other commodities declining month-over-month aren't really surprises.</li>\n <li>Overall the firm says it's been warming up to rails ever since putting them on its \"buy the dip\" list in mid-May. There, it's Overweight on Norfolk Southern(NSC)$ .</li>\n <li>Turning to mid-cycle stocks, there's the greatest potential downside for <a href=\"https://laohu8.com/S/JBHT\">JB Hunt Transport</a> 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.\"</li>\n <li>In 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).</li>\n <li>Overall in the sector, its top picks are FedEx (FDX), Norfolk Southern (NSC) and <a href=\"https://laohu8.com/S/TFII\">TFI International Inc</a>.</li>\n <li>And it would stay clear of truckloads (it's Underweight on <a href=\"https://laohu8.com/S/KNX\">Knight Transportation</a>), <a href=\"https://laohu8.com/S/SNDR\">Schneider National Inc.</a> and <a href=\"https://laohu8.com/S/WERN\">Werner Enterprises</a>).</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>J.P. Morgan bucks second-half worries with transport picks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJ.P. Morgan bucks second-half worries with transport picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 07:33 GMT+8 <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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NSC":"诺福克南方","UPS":"联合包裹","GXO":"GXO Logistics Inc","JBHT":"JB Hunt运输服务","TFII":"TFI International Inc","SNDR":"Schneider National Inc.","FDX":"联邦快递","XPO":"XPO Logistics","KNX":"Knight Transportation Inc","WERN":"沃纳企业公司"},"source_url":"https://seekingalpha.com/news/3729319-jp-morgan-bucks-second-half-worries-with-transport-picks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131454237","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).","news_type":1},"isVote":1,"tweetType":1,"viewCount":508,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/895368945"}
精彩评论