If Trucking stocks are sinking?

[ReelWizard]

https://finance.yahoo.com/news/jb-hunt-stock-sinks-logistics-122415038.html

If Trucking stocks are sinking? Whats next, Rail companies?
Could be both, because JB Hunt is not only a trucking company but one of the largest intermodal carriers.
Transporting containers from rail and port to local plants for deliveries.

“J.B. Hunt shares sank 6.5% in premarket trading Wednesday. They entered the day having lost more than 20% of their value since the start of the year.”

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[romans1212]

All stocks are dropping right now largely due to political news. The market hates uncertainty. I wouldn't worry at all.

 

[41mag]

Heck, I may buy a few shares in a day or so.
If they drop, they damned sure will rise back up….too big to go belly up, right ??

 

[rockyfatcat]

Buy on the dip. As said everybody is anxious about the Trump tariffs. Any logical person understands that after they get a tit-for-tat new level playing field the Stockmarket is going higher than before.

The liberal media and the keynesian economics types who refuse to learn from the tax cuts under Regan will again be proven wrong.

 

[ReelWizard]

Heck, I may buy a few shares in a day or so.
If they drop, they damned sure will rise back up….too big to go belly up, right ??

Yeah maybe.
I tend to be shy of trucking transportation stocks.
I only watch them as economic indices.
I lost bad $$ on Yellow freight. YF Went BK and forever gone.
But there were a lot of indicators I ignored on that one.
Poorly managed with union problems and huge pension debts.

JB Hunt has never had union issues and has been around forever.
20% of their value since the start of the year.”
Might be a good buy.

 

[derek81]

Great buying opportunity.

 

[87KJH]

The transportation sector in general has been on a downward trend for more than a year with trucking showing the most significant decline within the sector.

Transportation Sector: Industries and Performance — USA — TradingView

Track and research the performance of the Transportation sector industries to find top trending stocks.

www.tradingview.com

Here is a chart specifically for JB Hunt Stock showing it is down 32% since this time last year.

JBHT Stock Price and Chart — NASDAQ:JBHT — TradingView

View live J.B. Hunt Transport Services, Inc. chart to track its stock's price action. Find market predictions, JBHT financials and market news.

www.tradingview.com

Do you think this sector or this specific company will benefit from tariffs?

* Not financial advice - Historical data for discussion only

 

[rockyfatcat]

Not a stock issue but the driverless technology will eventually make truck drivers obsolete.

 

[87KJH]

Not a stock issue but the driverless technology will eventually make truck drivers obsolete.

From a stock perspective, with the advances in driverless technology, will the shift from direct labor cost to upfront technology costs cause a consolidation toward the larger legacy carriers or will this open the door for startup technology specialist gaining the advantage in the market?

 

[ReelWizard]

Do you think this sector or this specific company will benefit from tariffs?

Tariff benefit? No.
But will ports,rails and trucking come back strong and rebound with stability returns. Absolutely.

JB has been around based in Arkansas a long long time.
Specifically moving from 48 state trucking into a more specific market of rail,port and short haul delivery of containerized goods.
If it goes down much more it might seriously need to be looked at to pick up some shares.
My opinion.