Logistics giants XPO, J.B. Hunt sell off in April
In this article:
Yahoo Finance's Brian Sozzi discusses a Deustche Bank note on logistics companies J.B. Hunt and XPO.
Video Transcript
BRIAN SOZZI: All right, and before we head to break, we continue to monitor the major sell-offs in transportation stocks on fears of a recession in the United States. So far, in April, shares of logistics giants JB Hunt and XPO are down 17% and 20% respectively. Deutsche Bank's transports team says today, though, this selling on recession worries is nearing an end. The investment bank upgraded its rating on JB Hunt to buy, saying the bad news has been, quote, "priced into the stock."
