Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD)

Postby winston » Tue Oct 27, 2020 9:50 pm

not vested


Today, we're highlighting a company that's benefiting as businesses continue shipping goods...

The shift to online shopping has accelerated during the pandemic. In recent months, we've covered how this trend has boosted shares of e-commerce giants like Alibaba (BABA) and Amazon (AMZN). But it's not just e-commerce companies that are benefiting...

Expeditors International of Washington (EXPD) is a $16 billion logistics company. It helps move goods all over the world and handles all the challenges of shipping internationally. And with shipping more crucial now than ever before, Expeditors International is thriving...

In its most recent quarter, sales jumped 27%, driven by a surge in demand for shipping of technology-related equipment, medical supplies, and other priority goods.

As you can see in today's chart, shares of EXPD have soared from their March lows. The stock has nearly doubled over that time frame, and it recently hit a fresh all-time high.

As long as businesses and people need to ship their goods, this stock should continue higher...

Source: Daily Wealth
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