If trucking (KNX) is hitting record revenue, and UPS is setting record revenues, and truck manufacturers (PCAR) are setting record revenues, then it only goes to follow that truck dealerships should be doing fairly well in revenue....
Rush sells Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, and Blue Bird. Taking a swing at earnings, modest target of 5 - 6% bump to $38 -39 area.
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Probably could have cashed it out at close and called it a trade but I got greedy. Let's see what happens....
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Earnings look good, dividend raised by a penny, CEO with bullish comments. Should go up tomorrow unless the market absolutely tanks.
Small caps went full pumptarded today, I doubt it does that 2 days in a row. Not expecting much help from the market, but I think we get that $38.8 target I drew,
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Didn't make as much money as I would like, but with the market tanking, I'd figure I'd close this out while I'm up a couple of grand. Any time you make money it's a win.
Also, I noticed that 200DMA is a resistance historically for some reason. Good reason to bail.
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Figures.... market tank killed the earnings rally yesterday. Didn;t get back into this, would have been a good day trade.