TFI International looks good. A lot of transports stocks look good here.
But, I don't think you can rule out another sell-off. It was very important the S&P and NQ rallied right before the end of the month, and if they can rally again that would go a long way to re-establishing some faith.
I think we should get to that level of confidence by the end of June....
Morning All,
Strong Trend change on the Heikin Ashi candles for $TFII.
1. The Stock is OVERSOLD (see the RSI on the chart).
2. The Red candles length shortened before changing to green 2 days ago (MOMENTUM CHANGE INDICATION).
3. Yesterday's green candle was a strong/long length.
4. A previous resistance has become a support.
5. The company Financials are...
TFI International Inc. is in the transportation and logistics industry. The Company identifies strategic acquisitions and manages a network of subsidiaries. It operates principally in the United States, Canada and Mexico. TFI International Inc. is based in St Laurent, Canada.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the...
TFI International is North American transportation and logistics leader, partnering with a diverse group of customers in the US, Canada and Mexico. The stock, TFII now trades in New York (as well as Toronto). Fuel is a large component of cost structure. I'm accumulating on down days in the market.
The stock has been pumped due to recent share issue so some 'settling down' taking place, but earnings should shoot up as rail in Canada was shut down by blockades (protesting gas pipeline) forcing customers to switch to trucking. Lower fuel costs and new NYSE listing should cause stock to rise in coming months.
