PACCAR Inc (NASDAQ:PCAR)

thanks Fidelity® Mid Cap Enhanced Index

https://www.fool.com/investing/2017/05/10/3-growth-stocks-for-astute-investors.aspx

Neha Chamaria:

"Activity in the North American trucking markets is picking up, improving the growth prospects for one of the world's leading truck makers PACCAR. The company, known for its Peterbilt, Kenworth, and DAF nameplates, confirmed the underlying strength in the market last month when it projected 10% higher truck deliveries for the second quarter, encouraged by the solid 40% jump in industry orders for heavy-duty Class 8 trucks in the U.S. during the first quarter. The European trucking market, where DAF has a strong foothold, also remains strong -- DAF cornered 15.7% of the market in the first quarter."

"Going forward, PACCAR is confident that Peterbilt and Kenworth can maintain or even better their combined 2016 North American market share of 28.5% this year. Meanwhile, PACCAR is rapidly extending its in-house MX engines to its fleet, targeting 50% of its Peterbilt and Kenworth trucks to run on its own engines by the end of this year. So, on the one hand, PACCAR is growing its market share in a cyclical industry, while on the other, it is reducing reliance on third-party suppliers like Cummins for engines. I believe that's a win-win approach to growth and sustainable revenue in the future."