WTC delivered stronger than expected guidance in August, when the stock surged ~30%, taking its gain year-to-date to over 60%. We don’t plan to buy WTC above $120, but we won’t say never as this technology company continues to engrain their products across the logistics sector.
- We cannot see WTC pulling back far without a macro jolt after its recent strong result, but it does have a habit of correcting ~$20 almost annually.
- We like WTC into dips but might have eaten our Christmas Turkey before it provides an attractive entry opportunity.
MM is neutral towards WTC above $120
Add To Hit List
