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Stock impact report

LTL stocks bloodied post-Liberation Day, estimates cut ahead of Q1 reports [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
Less-than-truckload stocks fared the worst in the two trading sessions following Liberation Day as investors who entered the year hopeful for a positive inflection in the industrial complex appear to have called it quits for the time being. Less-than-truckload stocks fell 18% over the two-day period and are off 33% year-to-date (both on an unweighted basis). (Old Dominion Freight Line's ( NASDAQ: ODFL ) outperformance compared to the rest of the group has minimized the impact to the weighted average as it represents 60% of the group's market cap.) The LTLs are among the worst performing industrials this year as earnings expectations and valuation multiples are being reset lower. The sector was a pandemic and post-pandemic darling, garnering record valuations at times, given its manufacturing-heavy exposure and role in a mass inventory restocking. However, an extended industrial downturn along with several carriers acquiring terminals from defunct Yellow Corp. ( OTC: YELLQ ) in a Show less Read more
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