I update my fair price for Old Dominion to $191 per share, upgrading its rating from Hold to Buy. Despite the short-term reversion to the mean after the abnormal growth during the pandemic, fundamentals remain strong. Old Dominion keeps gaining market share in a tough environment for the LTL industry.

Old Dominion Freight Line (ODFL 0.87%) held its fourth-quarter 2024 earnings call on February 5, 2025. While the less-than-truckload (LTL) carrier continues to face headwinds from a sluggish freight environment, management's commentary revealed important insights about the company's competitive positioning and long-term strategy.

I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.

Today’s trading reveals technology investors see the glass half empty at the moment. A tech malaise fueled by Google parent Alphabet (Nasdaq: GOOGL) and chipmaker AMD (Nasdaq: AMD) is pressuring the Nasdaq Composite and S&P 500 moderately lower while the Dow Jones Industrial Average is eking out a gain. The tech malaise can be blamed on Alphabet’s steep 8% drop, owing to a revenue shortfall coupled on top of an aggressive AI spending plan that didn’t sit well with Wall Street. AMD stock, a member of the Nasdaq Composite, is currently down 9% as of mid-morning. Amazon (Nasdaq: AMZN) shares are down in sympathy ahead of the company’s earnings report after the closing bell tomorrow. Key Points Tech is weighing on the Nasdaq Composite and S&P 500 while the Dow Jones Industrial Average is eking out modest gains. Google parent Alphabet stock is sinking 8% on aggressive AI capex plans despite a revenue miss. AMD shares are down a steep 9% on weak data center results, but Wall Street says the quarter was “better than feared.” Amazon shares are down in sympathy ahead of the company’s quarterly results on Thursday. Despite selling pressure the S&P 500 is managing to hover above the key 6,000 level, buoyed by stocks like Newmont Mining (NYSE: NEM) with a 4% gain and trucking company Old Dominion Freight Line (Nasdaq: ODFL) with a 6% jump in response to earnings. On the economic front, the economy appears to be humming as the workforce added a higher than expected 183,000 private payrolls in January, fueled by service providers, while wages rose, according to ADP data. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: up 38.57 (+0.09%) Nasdaq Composite: down 78.77 (-0.41%) S&P 500: down 7.76 (-0.13%) Tech Earnings Roundup Alphabet’s Q4 revenue missed consensus estimates while the company has earmarked a whopping $75 billion in AI capex, including the development of data centers, amid fierce competitive headwinds from the U.S. and China. Google’s YouTube was another drag as its ad revenue slowed. AMD’s stock is reeling after its data center revenue failed to meet high expectations. It shows how much AI is running the show, as AMD’s top and bottom lines came in better than expected. Wall Street Moves A slew of analysts responded to AMD’s earnings print. Among them, Citi described AMD’s results as “decent” but lacking on AI revenue guidance. Goldman Sachs analysts called the results “better than feared” while the data center performance fell short. As for Alphabet, Goldman Sachs maintains a “buy” rating with a $220 price target, while BofA said, “Street could be underestimating AI Overview benefits for Search monetization in 2025.” Grab Holdings (Nasdaq: GRAB) is down 6% on the heels of a JPMorgan analyst downgrade to a “neutral” rating from “overweight” with a $5.60 price target, saying they are looking to better entry levels on the stock. The post Live Markets: GOOGL, AMD, AMZN Weigh on Nasdaq appeared first on 24/7 Wall St..

Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q4 2024 Earnings Conference Call February 5, 2025 10:00 AM ET Company Participants Jack Atkins - Director of Finance, IR Marty Freeman - President and CEO Adam Satterfield - CFO Conference Call Participants Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Chris Wetherbee - Wells Fargo Jon Chappell - Evercore ISI Daniel Imbro - Stephens Eric Morgan - Barclays Brian Ossenbeck - JP Morgan Ken Hoexter - Bank of America Scott Group - Wolfe Research Bruce Chan - Stifel Bascome Majors - Susquehanna Mike Triano - UBS Ari Rosa - Citigroup Ravi Shanker - Morgan Stanley Joe Hafling - Jefferies Tyler Brown - Raymond James Operator [Call Started Abruptly] Freight Line Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode [Operator Instructions].

ODFL's revenues decline 7.3% year over year for the fourth quarter of 2024.

Although the revenue and EPS for Old Dominion (ODFL) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Old Dominion Freight Line (ODFL 7.29%), a leading less-than-truckload (LTL) carrier, reported Q4 2024 earnings on Wednesday, Feb. 5, that topped Wall Street's consensus estimates. EPS of $1.23 surpassed the forecast of $1.16.

Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.47 per share a year ago.

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and twelve-month periods ended December 31, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one stock split.   Three Months Ended       Twelve Months Ended       December 31,       December 31,     (In thousands, except per share amounts) 2024   2023   % Chg.   2024   2023   % Chg.