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Time to Buy Navistar International Corporation Stock?
In a salutary reminder that stock prices don't always move in tandem with current market conditions, stocks in the trucking industry soared in 2016. The standout performer wasNavistar International Corporation : its stock price positively decoupled from an already surging peer group following the announcement of an alliance with Volkswagen. As I write, Navistar stock is up more than 250% year to date. The question now is what to expect from 2017.
As you can see in the chart below, stocks in the trucking sector fell on average by 45% in 2015, but then (excluding Navistar) rose by 46% in 2016: