ODFL - This Stock Could Be the No. 1 Buy in a Recession
2023-05-07 07:45:00 ET
The supply chain is an often-invisible aspect of the American economy. Goods are made all over the country, but they must get from one place to another. Less-than-truckload freight company Old Dominion Freight Line (NASDAQ: ODFL) plays a vital role in that process.
Trucking isn't the flashiest business, but the stock has been dynamic for long-term shareholders. Shares have returned 1,100% in price appreciation alone over the past decade.
Winning stocks like Old Dominion Freight don't often come cheap, which is why they should top your wishlist if a recession drags prices down across Wall Street. Here is what makes the stock such an excellent potential investment.
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This Stock Could Be the No. 1 Buy in a Recession