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NAV - Navistar Is Offering Traders An Unfavorable Risk/Reward
Navistar International Corporation
In December of 2019, I wrote my most recent article covering the truck producer Navistar (NAV). Back then, I advised staying away until the economy had bottomed. As it turns out, while leading indicators were slowly bottoming back then, we would get an unprecedented economic shock due to a global COVID-19 related economic shutdown. The company's just-released second-quarter earnings display the impact of this economic event. While the company won't go bankrupt, I really dislike the current risk/reward as the stock has recovered quite a lot while economic risks remain elevated.