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Todd Gordon Is Bullish On CH Robinson Going Into Earnings

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On CNBC's "Trading Nation," Todd Gordon of TradingAnalysis.com shared with the viewers his bullish point of view on CH Robinson Worldwide Inc (NASDAQ: CHRW). The company is scheduled to report earnings on Oct. 27 and Gordon wants to add to his long position, going into earnings.

The stock pays 2% dividend yield and it trades at 24 times next year's earnings, explained Gordon. He added that the last quarter was a big beat. The truckload volumes for this quarter are expected to be weak, but the strong air freight shipping could continue, said Gordon. He added that there have been a series of upgrades for the stock.

 

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