I have one new sell for you to make today.
Dear Sheryl,
I'm currently working on your January 2019 Issue of Growth Investor, which will be available online after the stock market closes on Friday. But, in the meantime, there was one Buy List change that couldn't wait until Friday. I have one new sell for you to make today. Over the weekend, my screens detected a deterioration in buying pressure and earnings momentum for XPO Logistics, Inc. (XPO). In other words, XPO Logistics no longer meets the strict criteria I require from all of our High-Growth Investments. Today, I want everyone to sell XPO. We originally added XPO Logistics to the High-Growth Investments Buy List in the March 2018 Monthly Issue. The company provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia and internationally. Since the company's third-quarter report, the stock grew more volatile and buying pressure started to dry up. XPO posted 75.3% annual earnings growth and 11.5% annual revenue growth for the third quarter. Looking forward, though, the company lowered its fourth-quarter expectations, given the bankruptcy of one of its customers. XPO is actually up more than 5% today, bucking the downward trend of the overall market. Let's take advantage of this bounce to exit the stock. If you bought XPO at the time of my original recommendation in February, you'll be selling your shares for about a 44% loss. I apologize for these losses and the recent volatility. Sell XPO. |
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Sincerely, Louis Navellier
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