Zacks Investment Ideas Feature Highlights: P.A.M. Transportation, Werner Enterprises, Old Dominion And Covenant Transport Group

For Immediate Release

Chicago, IL – October 16, 2017 – Today, Zacks Investment Ideas feature highlights Features: P.A.M. Transportation (Nasdaq: (NASDAQ:PTSI) – Free Report), Werner Enterprises (Nasdaq: (NASDAQ:WERN) – Free Report), Old Dominion (Nasdaq: (NASDAQ:ODFL) – Free Report) and Covenant Transport Group (Nasdaq: (NASDAQ:CVTI) – Free Report).

Transportation Stocks Keep Trucking Higher

I often look at the Zacks Industry Rank to see which sectors of the market are heating up or cooling down. This week I see that the Transportation - Trucking industry has moved near the top of the rankings. The industry is currently ranked #15 of the 256 industry's that are Ranked by Zacks. Last week it was #25 so it is rolling higher.

Two #1's

At the top of the list of names in the group, I see two Zacks Rank #1 (Strong Buy) stocks. The first name on the list isP.A.M. Transportation (Nasdaq:PTSI – Free Report). This is a very small cap stock that is very thinly traded with average daily volume of roughly 15,000 shares. Despite the lack of trading, PTSI has been a solid performer of late, as the stock has moved higher by around 40% in the last month.

PTSI has a value style score of A and a growth style score of D. Normally I am all about the growth and a D would turn me off, but this stock is in a hot space so that makes it worth a closer look.

The next name on the list is a lot bigger and much more liquid. Werner Enterprises (Nasdaq:WERN – Free Report) is also a Zacks Rank #1 (Strong Buy) and sports a value style score of B and a growth style score of A. At $2.3B in market cap, it is much bigger than PTSI.

WERN saw a steep sell off at the open, but over the last month or so, the stock is up just 3.8%. WERN has seen the Zacks Consensus Estimate rise of late. The estimate stood at $1.13 90 days ago and has since moved higher to $1.24. The 2018 Zacks Consensus Estimate also moved higher over the same time period, from $1.41 to $1.51.

A Bunch Of #2's

As I scan down the list of the trucking stocks, I see 5 stocks with a Zacks Rank #2 (Buy) and most of them are of decent size. Of the #2's, I like Old Dominion (Nasdaq:ODFL – Free Report) as it has a growth style score of B

Other tickers with a Zacks Rank #2 (Buy) in the industry include ARCB, HTLD, LSTR and ULH.

A #3 With A Great Chart

In looking at all the stocks in the group I could not pass up the chance to highlight this stock that is a Zacks Rank #3 (Hold). It has a wonderful chart and is certainly worth a deeper look. Covenant Transport Group (Nasdaq:CVTI – Free Report) has a chart that dreams are made of. The most recent quarter was a meet, but the one before that was a solid beat of the Zacks Consensus Estimate.

CVTI is slated to report earnings next week and you know that I will be watching it.

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