Since last earnings, XPO price peaked at 19+.
General market expected to take some profits off the table; XPO will follow in May.
Be ready after earnings release to nibble (15.xx to low 16.xx). Or may go lower.
Will be shock to see under 14.00
Joe, the analysts will have fun with this report i think. We all want to see how the prior deals have positively affected both sales AND EARNINGS. If they have then the stock will march forward. If not, then future deals will be tainted with "blah" sentiment.
I still think XPO needs more than lot's of people and offices at today's depressed brokerage margns and opportunities. Brokerage is changing fast and their are lot's of companies with very new technology who are trying to find what sticks. In 5 or 10 years brokerage will be very very very different than it is today.
I have to give ECHO credit for buying Open Mile and using it to build a new tech platform. I have to give credit to CHR for their TMC operations and giving their TMS to large shippers so they are a click away, I have to give credit to anyone re-drawing the lines for the future and how they interact with their clients.
Brokerage is changing fast and shedding people as fast as possible. XPO need to tell us their ideas for looking forward and realizing this. Adding more people is the exact opposite everyone else is doing.