Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of truck-trailer manufacturer Wabash National
So what: The November tonnage report from the American Trucking Association showed seasonally adjusted truck loads rising 6% year over year. ATA's chief economist, Bob Costello, said that these numbers "point to an economy that is growing, not sliding into a recession."
Now what: Truck builder Oshkosh
I'm not terribly interested in buying truck stocks, but that positive ATA report should be generally good news for the economy as a whole. When the trucks are rolling, factories are humming and consumers are buying.
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