"FTR releases preliminary Class 8 net orders for April at 23,600 units, maintaining the steady track that started seven months ago. While OEM activity was modestly better for some and down marginally for others month over month, April orders met expectations with a 4% increase over March and up 77% versus a year ago. Fleets are expecting better freight conditions in the second half of the year and current order activity reflects that. Backlogs should increase in April, getting close to where they were a year ago. Class 8 orders for the past six months now annualize to 262,000 units." - Source FTR Intel
So far 2017 is off to a strong start in orders, and momentum is increasing:
Apr 23,600 vs. 13,543 last year +74% (article indicates 77%, not sure why) Mar 22,800 vs. 16,147 +41% Feb 22,900 vs. 17,902 +28% Jan 21,600 vs. 18,102 +19%
These orders should show up as increase build and sales over the next 3 - 6 months.
Love this sleepy stock. Slowly but surely it just keeps going.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.6 In other words, the correlation coefficient of the other stock
Thanks for the tip, I did some research and found more information about $PCAR on http://monstastocks.com/?s=PCAR Sdd song center on data-bases: on a clear disk you can seek forever. Trading stocks day trading.
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In the short-term PCAR does not seem to be like a good trade. Ive been struggling with this stock lately. Some of my other trades have been from awesomeSTO-CKS which are working out pretty well.
So far in 2016 PCAR shares are up almost 42% plus dividends. You could say the 1-4-16 opening price of $46.50 was unusually low but this years gains are still pretty spectacular. Even more incredible, this occurred in a year where both revenues and earnings will be down (even if you take out the 833M fine) from the previous year. Apparently, the market is expecting a huge recovery for PCAR in 2017--I hope these expectations are correct.
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So, a dollar extra on Tuesday, right?
Poor Billy T. No railing about PCAR and the Madison plant.