J.B. Hunt Transport Services, Inc. (NASDAQ:
JBHT) is one of the
stocks in Jim Cramer’s game plan for this week. Cramer noted that the company’s report could reveal the true state of the economy. He said:
“Wednesday evening, we get arguably the best possible read on this almost dataless economy when trucking giant J.B. Hunt and United Airlines report. J.B. Hunt tells it like it is. They’ve been talking about a freight recession for ages.”
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) provides transportation, delivery, and logistics solutions, including intermodal, truckload, final mile, and freight brokerage services. During the April 8 episode, a caller mentioned that they have a small position in the company and Cramer responded:
“Okay, don’t want to be bigger than a small position. It is a transport, it is a trucking company and we could be going into recession and it’s not a good group going into a recession.”
Since the above comment was aired, J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) stock has gained around 6%.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at
Insider Monkey.
