|Bid||34.58 x 1800|
|Ask||34.61 x 800|
|Day's Range||34.50 - 35.35|
|52 Week Range||23.27 - 44.59|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||14.69|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||0.24 (0.73%)|
|1y Target Est||41.53|
Knight-Swift (KNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Across the United States, drivers, regional operators and industry officials say the $700 billion (£536.7 billion) U.S. trucking sector slipped in late 2018, with the fall continuing into this year. While the decline in freight rates and hauling does not suggest the United States is headed into a recession, that softness is consistent with slippage in the economy as a whole. The effects have been uneven nationwide, with weaker orders and miles in the U.S. Midwest and Southeast than on the West Coast, economists and regional officials said.
Knight-Swift Transportation Holdings Inc NYSE:KNXView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is high for KNX with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting KNX. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KNX are favorable with net inflows of $71.93 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Knight-Swift Transportation Holdings Inc. (KNX) expects to release its 2019 first quarter earnings on Wednesday, April 24, 2019 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website http://investor.knight-swift.com/events and the Form 8-K will be available on the SEC website http://www.sec.gov. The Company assumes no responsibility to update any information posted on its website.
Thousands of drivers claiming they were misclassified as independent contractors stand to gain from a $100 million settlement against Knight-Swift Transportation Holdings (NYSE: KNX), while the ongoing question of whether such contractors should be considered trucking company employees remains unclear. A settlement agreement in the lawsuit, Van Dusen et al v. Swift Transportation, which began in 2009, was filed in the United States District Court for the District of Arizona on March 11. If approved by the court, it will resolve claims made by roughly 20,000 owner-operator drivers against Knight-Swift's predecessor, Swift Transportation, since 1999 up until Knight and Swift merged on September 8, 2017.
Knight-Swift Transportation Holdings Inc. (KNX) today announced that the parties have reached a settlement, subject to approval by the court, in the litigation entitled, Van Dusen, et al. v. Swift Transportation Co. of Arizona, LLC, et al that was instituted prior to the 2017 merger between Knight Transportation, Inc. and Swift Transportation Company. Knight-Swift Transportation Holdings Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating North America's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to its customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.
LOS ANGELES, Feb. 25, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Knight-Swift Transportation Holdings Inc. (“Knight-Swift” or the.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he likes Groupon (NASDAQ: GRPN ), but he has been wrong. He keeps seeing value in the stock so he is not going to desert it, but it hasn't ...
Knight-Swift Transportation Holdings Inc. (KNX) announced today that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.
NEW YORK, Jan. 31, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Industrial production up 0.3% in December riding on higher manufacturing and mining levels. This puts related ETFs in focus.
The Phoenix-based carrier is the product of a 2017 merger between Swift Transportation Co. and the smaller but fiscally disciplined Knight Transportation Inc., whose executives now run the combined business. Knight-Swift shares closed up 6.8% in trading Tuesday to $32.11 a share.
– Knight-Swift a few weeks ago said it was increasing its guidance on earnings both from the fourth quarter of 2018 and into 2019. On Tuesday, the company's earnings release showed why. What was notable about the earnings was not just the revenue and the income figures but the company's operating ratio (OR) across its units.
The Phoenix-based company said it had net income of 86 cents per share. Earnings, adjusted for one-time gains and costs, were 93 cents per share. The results exceeded Wall Street expectations. The average ...
Knight-Swift Transportation Holdings Inc. , North America’s largest truckload transportation company, has issued its earnings release for the fourth quarter ended December 31, 2018.
To receive further updates on this Knight-Swift Transportation Holdings Inc. (NYSE:KNX) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Power Options Weekly today. NOTE: U.S. markets will be closed all day on Monday, Jan. 21, for Martin Luther King, Jr. Day, therefore the next Trade of the Day will hit your inbox on Tuesday, Jan. 22. This morning I am recommending a bearish trade on Knight-Swift Transportation Holdings Inc. (NYSE:KNX), a North American truckload services company. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The technical bounce off of the Dec. 26 lows has continued this week. It's gone much further than many on Wall Street expected, which is typical of a bear-market rally. Usually during a snap-back rally like this, you will see a recovery of roughly 50%-75% of the original downside move…especially when markets become as oversold as they were in late December. As of yesterday's close, the S&P 500 has now recovered roughly 50% of the decline that began all the way back in early October. It's possible that it could rally further, but I think we are seeing a potential "bull trap" being set up here. ### The Bull Trap A bull trap occurs when traders start to buy back into a market that is rebounding from a previous decline, only to see the market start to drop once again. If and when the market starts to decline again, the bulls who bought near the top of the most recent upswing will find themselves "trapped" in their long positions. If the market starts to move sharply lower again, they will be forced to exit their positions, which will only accelerate the selling. As you can see in the chart above, the S&P 500 is now trading back within the 2,600-2,640 resistance area. This is where a lot of investors who think the market is going to keep moving higher will start buying again. But unfortunately, I think this heavy level of overhead resistance is going to hold. ### KNX is Following the Market If we look at a weekly chart of KNX, we see that it, like the S&P, is dipping into its resistance around the $32 level. KNX may look like it is recovering, but trader's buying in now could get trapped at this level. Weekly Chart of Knight-Swift Transportation Holdings Inc. (KNX) -- Chart Source: TradingView When we turn to the daily chart, we see a more detailed view of KNX's resistance levels. It was able to gap above $30, but the $32 level is going to present another challenge. Daily Chart of Knight-Swift Transportation Holdings Inc. (KNX) -- Chart Source: TradingView If we make a bearish play on KNX now, we can take profits while other traders are stuck in declining long positions. For that reason, I recommend buying puts on KNX. Buy to open the Knight-Swift Transportation Holdings Inc. (KNX) May 17th $25 Puts (KNX190517P00025000) at $0.80 or lower. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation. InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Compare Brokers The post KNX is Setting Up a Bull Trap at $32 appeared first on InvestorPlace.