XPO - 2 Solid Stocks for a Scary Market
Investors were pleased to see the stock market do so well last week, but there's still a long way to go before anyone could come close to declaring an end to the bear market. Moreover, lasting momentum has been hard to come by. Wall Street seemed to have a case of the Monday blues to start the week, with futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) and other major indexes down about half a percent in premarket trading.
However, a couple of companies announced their latest financial results, and shareholders were generally pleased with what they saw. Both XPO Logistics (NYSE: XPO) and Emerson Electric (NYSE: EMR) have long histories in helping industrial customers , but the two companies have adopted technology to help enhance their respective businesses. Below, you'll learn more about why their shares moved higher early Monday and what the future could hold for both.
Shares of XPO Logistics were up nearly 2% on Monday morning. The transportation and logistics specialist reported third-quarter financial results that gave valuable information about the state of the broader economy.
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2 Solid Stocks for a Scary Market