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JimVanMeerten (65.45)

Increases in Asian freight spell profits

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November 30, 2010 – Comments (0) | RELATED TICKERS: EXPD

Expeditors International of Washington, Inc.(EXPD) is experiencing an increase in revenue of 83% year over year from it's operations in Asia .  They are engaged in the business of providing global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company's services include the consolidation or forwarding of air and ocean freight. In each U.S. office, and in many overseas offices, the company acts as a customs broker. The company also provides additional services including distribution management, vendor consolidation, cargo insurance, and purchase order management.

The price momentum of this NASDAQ 100 company brought it into my radar.  The stock has a 100% Barchart technical buy signal with a 7.21% increase in price in the last month.  The stock trades at 52.72 which is above it's 50 day moving average of 48.83..   The 50 day moving average has increase by 19.72% last month and the Relative Strength Index is 65.70% and rising.  You should take notice of this price momentum.

Wall Street brokerage analysts look for great things from this company and project that sales will increase by 48.60% this year and 14.70% next year.  The earnings per share estimates are an increase of 43.20% this year, 15.70% next year and a continuing 5 year annual rate of 14.37% for at least 5 years out,  They above published 6 buy and 11 hold reports for their brokers to push to clients.

The general investing public over on Motley Fool have taken notice and the CAPS members vote 442 to 23 that the stock will beat the market.  The more experienced All Stars agree 162 to 16.

Fool reports that 12 of the Wall Street columnists they follow have published favorable articles about this company's future..

The NASDAQ 100 company has a lot going for it:

1 - 100% Barchart technical buy signal

2 - 50 day moving average that has increased by 19.72% in the last month

3 - Wall Street brokerage analysts and columnists publishing favorable press

4 - Positive general investor sentiment

Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 

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