Category: Trucking News

Hedge Funds Aren’t Done Buying Accenture Plc (ACN)

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...

Hedge Funds Soured On Broadcom Inc (AVGO)

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]...

It Looks as If American Airlines Stock Is Set for a Big Return Next Year

Since falling to an $8.25 low in April, American Airlines Group (NASDAQ:AAL) is holding the $10.00 level. Markets have a wait and see approach on AAL stock because its business recovery depends on passenger traffic rebounding.Source: GagliardiPhotography / Shutterstock.com Realistically, investors should expect a sustained uptrend in air flight demand in the coming weeks. Businesses are opening across the United States, and as companies hire back staff and at-home workers travel, expect business travel levels increasing.In the last week (week of May 18 - 22, 2020), the Transportation Security Administration reported that total travel throughput increased by around 33%. This is also more than triple from the April lows.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDate Total Traveler Throughput Total Traveler Throughput (1 Year Ago - Same Weekday) 5/22/2020 348,673 2,792,670 5/21/2020 318,449 2,673,635 5/20/2020 230,367 2,472,123 5/19/2020 190,477 2,312,727 5/18/2020 244,176 2,615,691 Data courtesy of TSAThe airline industry...