84.50 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||84.46 x 800|
|Ask||85.46 x 900|
|Day's Range||84.06 - 86.33|
|52 Week Range||77.72 - 98.95|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||16.96|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||2.00 (2.34%)|
|1y Target Est||88.25|
Investing in dividend-paying companies seems practical now as they provide steady income regardless of the state of the global equity market.
A lobbyist for C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) believes the United States will approve the U.S.-Mexico-Canada Agreement sometime between November and March. Negotiations among the three nations to replace NAFTA concluded in September 2018. Mexico has signed the USMCA into law, and Canada is close to ratifying it.
Last week Mike Meier, a 17-year veteran of C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) and financial consultant with experience in third-party logistics industry joined Tampa-based BlueGrace Logistics as its new senior vice president of strategy. Meier will be working directly with chief executive officer Bobby Harris to build out a team of analytics professionals with a focus on business intelligence, data analytics, and pricing strategy. In 2018, according to Transport Topics, BlueGrace Logistics was the eleventh-largest freight brokerage in the United States with net revenues of $180 million.
In an investor note released yesterday, Sept. 10, UBS equities analyst Tom Wadewitz reported on his recent meetings with C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) management. Simply put, contract rates are still falling on a lag, even though volumes are quite healthy and spot rates have firmed. "While CHRW's truckload brokerage business performs well in the first several quarters of a softer freight market, falling contract rates eventually become a source of pressure on [gross margin percentage] and net revenue performance in NAST," Wadewitz wrote. ‘NAST' stands for North American Surface Transportation, the domestic freight brokerage comprising CHRW's largest business unit.
This is a major theme of the first-ever Townhall Series at the upcoming Council of Supply Chain Management Professionals (CSCMP) EDGE 2019 conference. The conference, being held this year from September 15-18 at the Anaheim Convention Center in Anaheim, California, offers leading-edge content and cutting-edge supply chain solutions. The Townhall Series has been designed to give attendees an opportunity to listen to, and ask questions of leading voices in the industry.
The decided bullishness seen during the two previous trading sessions didn't persist through Friday. Rather, the modest 0.09% gain logged by the S&P 500 on the last trading day of last week suggests traders are still ultimately on the fence about the economy, worried August's disappointing payroll growth figure could be an omen.Source: Shutterstock Advanced Micro Devices (NASDAQ:AMD) was a key culprit to that weakness, falling nearly 3% for no particular reason. Investors simply remain suspicious that it will be able to continue growing in the foreseeable future as it has in the recent past. Most trade turbulence with China could bolster the prospect of that headwind. Also holding the broad market back, albeit with less net impact than AMD, was Twilio (NYSE:TWLO). It tumbled 4.6%, as profit-takers dug in, worried this year's big gains are being threatened by brewing weakness as well.Meanwhile, Symantec (NASDAQ:SYMC) may have been the reason the S&P 500 mustered its small gain on Friday. Shares of the cybersecurity outfit rallied 4.5% after reports surfaced that a private equity firm was mulling an outright acquisition of the company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Buy-and-Hold Stocks to Own Forever As for the names most deserving of a look moving into the first trading day of the new week, however, take a look at the stock charts of Tractor Supply Company (NASDAQ:TSCO), WEC Energy Group (NYSE:WEC) and C.H. Robinson Worldwide (NASDAQ:CHRW). Here's why. WEC Energy Group (WEC)Utility stocks have been especially strong this year, as investors seek out safety in anticipation of economic turbulence. It's sound thinking, in fact, and WEC Energy Group was no stranger to that trend.More so than most other utility names, however, WEC stock has raced too far, too fast. The speed and scope of the move carried shares well past the upper boundary of a long-established trading range. As of the end of last week, WEC Energy was starting to crack and break under the weight of those gains. It may be an omen of what's to come. * Click to EnlargeThursday's dip followed by Friday's even-stronger dip is a red flag in and of itself, but the real problem is the amount of volume that showed up with that weakness. It says there are lots of sellers on the sidelines. * Such a wave of weakness was inevitable. In June, WEC stock broke above a proven technical ceiling, marked as a light blue line on the weekly chart. * As outrageous as it may seem right now, should the market fully recover and a "risk on" mentality becomes prevalent again, a slide all the way back to the trading range's lower boundary (in yellow) becomes a possibility. C.H. Robinson Worldwide (CHRW)With just a passing glance at the stock charts of C.H. Robinson Worldwide, it would be easy to come to the conclusion that shares are stuck in consolidation mode. In fact, CHRW saw an increase in volatility in the June-through-August period, which has led the chart to develop a "diamond" (highlighted). This generally takes shape before a reversal.If that's the case -- and the argument is good that it is -- then traders may want to plan on new downside ahead. The diamond-shaped pattern, however, isn't the only reason to suspect CHRW stock is poised to edge lower from here. * 7 "Boring" Stocks With Exciting Prospects * Click to EnlargeThe biggest red flag evident on both stock charts is the repeated failure since late July to move above the 200-day moving average line, marked in white. * Although evident on the daily chart, it's the weekly chart where traders can get a better view of the fact that C.H. Robinson shares are trending lower due to being confined within a falling converging wedge pattern. * Should the prospective selloff take hold, the most plausible target is the convergence of both of the floors of the falling wedge pattern. They're both right around $76, yet falling gently. Tractor Supply Company (TSCO)Shares of Tractor Supply Company have been impressively bullish since the middle of 2017, escaping the impact of a so-called retail apocalypse that has worked against most other names in the business. That's likely because Tractor Supply is such an untraditional retailer. It has not been a straight-line move, but a bullish move nonetheless.That bigger-picture effort, however, is now under more pressure than it has been at any point since the rally began. Although it has survived and snapped back from similar circumstances before, this time around there's a significant difference. * Click to EnlargeThe make-or-break line is the red, dashed line marked on the weekly chart, connecting the key lows going back to the early 2018 low. * Also in play is the 200-day moving average line marked in white on both stock charts. So far it has held up as a floor, much like it did late last year and in January. We only had to touch it two weeks ago to rebound. * But, that rebound effort was short-lived. The 100-day moving average line plotted in gray on both stock charts has kept the rally from moving higher on two separate occasions in the past two weeks.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 3 Big Stock Charts for Monday: WEC Energy, Tractor Supply and C.H. Robinson appeared first on InvestorPlace.
While most forecast models have Hurricane Dorian staying offshore of the U.S. mainland, the Category 5 storm is expected to move near Florida on Labor Day, then make its way up the coast throughout the week. Maximum sustained winds reached as high as 185 mph, according to National Hurricane Center (NHC) data housed inside FreightWaves SONAR.
It looks like C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is about to go ex-dividend in the next 3 days. This means...
Today we are going to look at C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to see whether it might be an attractive...
C.H. Robinson (CHRW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A discussion of the state of the possibly revived trucking market and interviews from the floor of the Great American Truck Show will highlight this weekend's edition of FreightWaves Radio on SiriusXM ...
The trucking industry is already in a recession. The question for investors is, however, does freight industry weakness presage a full-blown economic downturn?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
C.H. Robinson announced today that Mike Zechmeister will be joining the company as Chief Financial Officer, effective September 3, 2019. Zechmeister will report to Chief Executive Officer Bob Biesterfeld.
C.H. Robinson Worldwide, Inc. announced that its Board of Directors today declared a regular quarterly cash dividend of 50 cents per share, payable on September 30, 2019, to shareholders of record on September 6, 2019.
Aviation freight is experiencing a supply-demand imbalance. Soaring ocean costs because of IMO 2020 could make air freight look less expensive. And these factors are creating supply chain and risk management ...
C.H. Robinson will present at the upcoming 8th Annual Intellisight Conference on Wednesday, August 14, 2019, at 7:30 a.m. Central in Minneapolis. The 8th Annual Intellisight Conference is hosted by the CFA Society of Minnesota.
If everything goes right, the market cap of all digital brokerages could total $30 billion in 10 years. The total addressable market for digital freight brokerage is a mere fraction of the size quoted in pitch decks and investment bank research reports, but there's still plenty of upside for a few winners – if things go their way. Over the past few years, large digital freight brokerages (DFBs) backed by venture capital have emerged in the global transportation and logistics industry.
Both companies are major drivers of technology adoption in the supply chain, from Amazon's robotic warehouses to Walmart's recent blockchain initiatives. Just as importantly, both retailers go to great lengths to place inventory where their customers can access it, and have used their leverage to drive efficiencies in their own suppliers' operations.
C.H. Robinson Worldwide Inc., the second-largest logistics company in the metro area by employee count, has had a busy year. Since the Business Journal’s last assessment of the industry, the Eden Prairie logistics giant disclosed multiple changes in its executive team and expanded in Europe.