DNOW Has Moderate Upside For Now
NOW Inc.'s (DNOW) management is smart enough to understand that the energy product distribution business requires structural changes that go beyond short-term corrections necessary in the pandemic situation. So, it has been focusing on pushing e-commerce sales and other digital marketing initiatives to boost the top line. Plus, it will look to further lower the selling and warehousing costs, redesign the supply chain, and consolidate distribution centers to protect operating to the extent possible. The stock outperformed the VanEck Vectors Oil Services ETF (OIH)