Freight Stocks Plummet as Record-High Diesel Squeezes Profit Margins: 7 Names To Watch
Diesel is up 70% over the past year. J.B. Hunt fell 13% on a Q3 profit warning, dragging Knight-Swift, XPO and Old Dominion lower.
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Bernstein Maintains Market Perform on C.H. Robinson Worldwide, Lowers Price Target to $151
Bernstein analyst David Vernon maintains C.H. Robinson Worldwide (NASDAQ:CHRW) with a Market Perform and lowers the price target from $153 to $151.
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Citigroup Upgrades C.H. Robinson Worldwide to Buy, Lowers Price Target to $185
Citigroup analyst Ariel Rosa upgrades C.H. Robinson Worldwide (NASDAQ:CHRW) from Neutral to Buy and lowers the price target from $196 to $185.
Nasdaq 100 Falls as Hot PCE Inflation Stirs Rate-Hike Bets: Stock Market Today
Nasdaq 100 falls 0.6% as traders wait on Nvidia and hot July PCE revives September rate-hike bets. Energy leads, gold sinks 1.3% to $4,599.