GXO - 1 Magnificent Disruptive Technology Stock Down 53% to Buy and Hold Forever
2024-06-08 02:22:00 ET
GXO Logistics (NYSE: GXO) has a big future. Outsourcing logistics may not seem like the most exciting business out there. However, its solutions are at the cutting edge of technologies that will revolutionize how the world works. At the same time, its end markets are poised for long-term secular growth due to powerful megatrends. This makes GXO a highly attractive stock to buy. Here's why.
The company is a contract logistics provider that designs and operates high-technology warehousing and distribution centers for clients. According to the company's last 10-K SEC filing, GXO has "131,000 team members and 974 facilities worldwide totaling 199 million square feet of space. It operates these facilities on behalf of large corporations that have outsourced their warehousing, distribution, and other related activities. Its customer list includes blue chip companies such as oil giant BP , PepsiCo , Samsung, LVMH , Boeing , and Carrefour.
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1 Magnificent Disruptive Technology Stock Down 53% to Buy and Hold Forever