Following its mid-September warning that rising fuel and driver-related costs would pressure near-term profitability, I’ll be very interested in what JB Hunt ($JBHT) has to say about those pressures as it issues its guidance for the current quarter.
While diesel prices have ebbed lower from their September 22 high of $6.5276 per gallon per data from AAA, the current average price of $6.3173 is still up significantly compared to $3.65 this time last year.
I’ll also be interested in what JB Hunt has to say about capex spending for its truck fleet, especially given the forthcoming EPA emission mandate that will increase the cost per truck.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
