Significant hiring underway at XPO to support growth and new business wins. Look for positive guidance with the earnings release/call.
I added to my position as well -- great chance to buy at this price. Classic overreaction to last week's earnings call.
With announcement early today that Coyote is being acquired by UPS for $1.8b, I continue to believe Echo remains as a very attractive acquisition candidate for one of the bigger players. Time will tell!
Mylan will have a rough week ahead. Too much maneuvering by Mylan management around a compelling Teva merger has not been in the best interest of Mylan shareholders.
Overall freight demand is strong, so expect good earnings report from Covenant tomorrow. Heading back towards the 30's.
Note the huge buy of 4m shares at 2:30pm this afternoon. I anticipate the buyer is taking advantage of the dip these past 2 days as HBI approaches a new 52-week high.
I believe it will take $150+ to make a deal. Great brands in growing categories!