I am bullish on United Rentals (URI) for the long-term looking 3 to 5 years ahead.
The company has great fundamentals and is holding up well in this environment where we could see a recession in the U.S. in 2023.
URI just reported a positive Q4 earnings with a strong outlook.
The technicals show an overbought condition on the 1 day chart.
So, I am anticipating a...
Bounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and...
$URI. One word: Stimulus.
BUY signal, 7 confirms, and bouncing off .618 Fibonacci retracement.
Buy stock or long-term options.
Stop loss is $260, b/c YTD it's up 92%.
Happy Trading, from CJ -- aka the greatest FURU.
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