There is good news filtering through the Street today. It was enough to pull the market into positive territory, but will it keep us there? YRC Worldwide (NYSE:YRCW) and Patrick Industries (NASDAQ:PATK) help illustrate where we are heading.
Will the unions ever learn? YRC Worldwide (NYSE:YRCW) investors are riding a nauseating roller coaster this week as management and the union debate a pension obligation. If a deal is not reached, the trucking company’s next stop may be at a bankruptcy court.
The overall markets may not be moving much today, but that has not stopped a handful of small caps from handing their investors big gains. If you are a fan of penny stocks, you don’t want to miss out on these four companies.
The unemployment figures are downright depressing. 2008 turned out to be the worst your for jobs since the end of World War II. Will 2009 be even worse? If we continue making triple-digit gains, will any of it even matter?
Shares in this transport sector have been hit hard, following the recent downgrading of the trucking sector by a Wachovia Capital Markets analyst.
But contrarian investors should be wary of such ‘expert’ opinion. Floyd Brown in Investment U says: “Trucking is an integral part of our national goods transportation network. And because it’s tied so closely to our economy, it will also be one of the first sectors to see a turnaround.“
Floyd says savvy investors should follow Warren Buffett into undervalued transport stocks now…