BA - 2 No-Brainer Industrial Stocks to Buy With $200 Right Now
2024-06-08 04:56:00 ET
Industrial stocks typically tout their stability and growth. Old Dominion Freight Lines (NASDAQ: ODFL) and Boeing (NYSE: BA) stand out in the transportation and aerospace sectors, with a long history of both. These giants demonstrate resilience as well, making them attractive picks for investors with $200 looking for a smart buy for long-term gains. Here's why these two stocks deserve your attention.
Old Dominion Freight Lines dominates the less-than-truckload (LTL) shipping sector. As the largest LTL motor carrier in the United States, Old Dominion consolidates multiple small shipments into single trailers. This optimization of delivery routes ensures high efficiency and generates revenue through service fees, fuel surcharges, and premium logistics solutions. This gives Old Dominion a powerful advantage over challengers in its space.
Old Dominion reported total revenue of $1.46 billion in the first quarter of 2024, a 1.2% year-over-year increase. Net income rose to $292.3 million, reflecting a 2.5% increase. Diluted earnings per share (EPS) grew to $1.34, up by 3.9% from the previous year. These figures highlight the company's ability to maintain profitability and grow consistently.
For further details see:
2 No-Brainer Industrial Stocks to Buy With $200 Right Now