Author: INVESTOR’S BUSINESS DAILY
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Trucking giant J.B. Hunt Transport (JBHT) had an outstanding year for the most part last year. On Thursday the Relative Strength (RS) Rating for J.B Hunt stock climbed to 72, up from 65.
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J.B. Hunt Stock Closing In On Benchmark
The raised 72 RS Rating shows that J.B. Hunt stock outperformed more than 70% of all stocks on price performance this past year. It’s eight points shy of the 80 RS Rating benchmark that CAN SLIM investors use to identify the best stocks to buy and watch.
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J.B. Hunt stock is working on a consolidation with a 218.28 buy point. See if the stock can break out in heavy volume. It slid more than 2% Thursday in sync with the market retreat.
Outstanding Three Quarters, Then A Dip
J.B. Hunt Transport in the first three quarters of 2022 reported earnings grew an outstanding 67%, 50% and then 37%. Like many other companies it took a hit in the fourth quarter when its earnings fell 16% to $1.92 per share. Revenue followed a similar trajectory for the year and it reported a slim 4% rise in Q4 sales to $3.65 billion.
J.B. Hunt stock holds the No. 12 rank among its peers in the Transportation-Truck industry group. TFI International (TFII) and ArcBest (ARCB) are among the group’s highest-rated stocks.
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