最新ニュース XPO (NYSE:XPO) 株価情報

Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the RXO spinoff, We estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

XPO Logistics

XPO Inc

Xponential Fitness, Inc. Class A Common Stock

Xponential Fitness Inc

Expion360 Inc

XPO's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) short percent of float has risen 28.32% since its last report. The company recently reported that it has 6.76 million shares sold short, which is 6.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>XPO Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732300212_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for XPO has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing XPO's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, XPO's peer group average for short interest as a percentage of float is 5.01%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(XPO) - Analyzing XPO's Short Interest

Barclays analyst Brandon Oglenski maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and raises the price target from $150 to $170.

News

Price Target

Analyst Ratings

Barclays Maintains Overweight on XPO, Raises Price Target to $170

Citigroup analyst Ariel Rosa maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and raises the price target from $155 to $179.

Citigroup Maintains Buy on XPO, Raises Price Target to $179

Old Dominion Freight Line Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) just reaffirmed its status as <a href="https://www.benzinga.com/topic/shipping">the gold standard</a> in less-than-truckload (LTL) freight, according to JPMorgan analyst Brian Ossenbeck, who recently pored over insights from the 2024 Mastio Survey.
<h2 class="wp-block-heading">Old Dominion's Playbook: The Industry's Gold Standard For 15 Years</h2>
The survey, with feedback from roughly 1,600 shippers, showcases Old Dominion's dominance in an industry where rivals are scrambling to catch up.
Despite the buzz around newer strategies, Ossenbeck's analysis indicates that Old Dominion still has a substantial lead. Peers like XPO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) and Saia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) may be adopting aspects of Old Dominion's "playbook". They&#8217;ve been prioritizing service, improving network efficiency, and leveraging pricing power. But even after implementing these strategies, they've only narrowed the gap by 7%. 
Ossenbeck puts it simply—executing Old Dominion's playbook is easier said than done.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41487850/old-dominion-freight-line-q3-misses-on-earnings-and-revenue-as-economic-headwinds-weigh">Old Dominion Freight Line Q3: Misses On Earnings And Revenue As Economic Headwinds Weigh</a>
<h2 class="wp-block-heading">ArcBest, XPO Make Gains, While TForce, Saia Lag</h2>
Among the pack, ArcBest Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) and XPO made notable strides in 2024. 
ArcBest showed the largest service improvement, with strong gains in on-time pickup and delivery, key metrics for shippers. 
XPO, with its LTL 2.0 strategy, also achieved robust performance gains, especially with smaller shippers. Meanwhile, Estes held steady, maintaining a high service level but not outpacing peers in improvement.
At the other end of the spectrum, TForce Freight is struggling with cost efficiencies and service expectations. Saia, despite a network expansion, saw its service performance slip, a trend Ossenbeck expects to stabilize in the coming year.
And then there's FedEx Freight – which has the second-slowest performance improvement among national carriers.
For 15 years running, Old Dominion has been the reigning champ in LTL freight, while peers have been taking notes. According to Ossenbeck, OD's mastery in service, pricing, and network efficiency keeps it miles ahead – leaving everyone else playing catch-up.
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Photo: Jon Tetzlaff/Shutterstock.com

Analyst Color

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ODFL

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Old Dominion Sets Freight Standard As Rivals Trail Behind

Citigroup analyst Ariel Rosa maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and raises the price target from $127 to $155.

Citigroup Maintains Buy on XPO, Raises Price Target to $155

Wells Fargo analyst Christian Wetherbee maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and raises the price target from $119 to $150.

Wells Fargo Maintains Overweight on XPO, Raises Price Target to $150

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen raised Hub Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) price target from $43 to $49. TD Cowen analyst Jason Seidl maintained a Hold rating. Hub Group shares closed at $43.75 on Wednesday. <a href="https://www.benzinga.com/quote/HUBG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised the price target for Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from $76 to $95. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating. Brinker shares closed at $104.25 on Wednesday. <a href="https://www.benzinga.com/quote/EAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from $470 to $465. JP Morgan analyst Mark Murphy maintained an Overweight rating. Microsoft shares closed at $432.53 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer increased XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) price target from $140 to $148. Oppenheimer analyst Scott Schneeberger maintained an Outperform rating. XPO shares settled at $133.99 on Wednesday. <a href="https://www.benzinga.com/quote/XPO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies cut The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) price target from $163 to $161. Jefferies analyst Rob Dickerson maintained an Underperform rating. Hershey shares closed at $177.50 on Wednesday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $160 to $178. Mizuho analyst Dan Dolev maintained an Underperform rating. Coinbase shares closed at $211.74 on Wednesday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Compass Point cut the price target for Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) from $18 to $13. Compass Point analyst Chase White maintained a Buy rating. Riot Platforms shares settled at $10.48 on Wednesday. <a href="https://www.benzinga.com/quote/RIOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research raised Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) price target from $230 to $240. Argus Research analyst David Coleman maintained a Buy rating. Waste Management shares closed at $214.82 on Wednesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum increased the price target for Alkami Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKT#NASDAQ">ALKT</a>) from $38 to $45. Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating. Alkami Technology shares closed at $38.18 on Wednesday. <a href="https://www.benzinga.com/quote/ALKT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho boosted Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $650 to $675. Mizuho analyst James Lee maintained an Outperform rating. Meta shares closed at $591.80 on Wednesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Meta Platforms To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Thursday

Barclays analyst Brandon Oglenski maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and raises the price target from $145 to $150.

Barclays Maintains Overweight on XPO, Raises Price Target to $150

XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) reported better-than-expected third-quarter <a href="https://www.benzinga.com/quote/xpo/earnings">financial results on Wednesday</a>.
Revenue growth of 3.7% year-over-year to $2.05 billion, beating the consensus of $2.020 billion. The revenue growth was aided by higher yield in the North American LTL segment and volume increase in the European Transportation segment. Adjusted EPS was $1.02, up 15.9% from the prior year, beating the consensus of 91 cents.
"And we're tracking three years ahead of plan with linehaul insourcing, which enhances our network efficiency and quality of service," Mario Harik, chief executive officer of XPO, said. "We're delivering on the strong results we promised for 2024, while positioning the business to accelerate earnings growth when the freight market recovers. The world-class service we provide creates value for our customers and will continue to be a key driver of our margin expansion."
XPO shares fell 1.1% to trade at $132.56 on Thursday.
These analysts made changes to their price targets on XPO following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f2359befacff0001706997/scott-schneeberger">Oppenheimer analyst Scott Schneeberger</a> maintained XPO with an Outperform and raised the price target from $140 to $148.</li>
<li>TD Cowen analyst Jason Seidl maintained XPO with a Buy and raised the price target from $137 to $150.</li>
</ul>
Considering buying XPO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31122203/image-332-1024x533.png" alt="" class="wp-image-624369" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31122203/image-332-1024x533.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31122203/image-332-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31122203/image-332-768x399.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31122203/image-332.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/quote/XPO/analyst-ratings">Jim Cramer: This Financial Stock Is &#8216;One Of The Most Consistent, Great Companies&#8217;</a></li>
</ul>

Earnings

XPO Analysts Boost Their Forecasts Following Upbeat Earnings

TD Cowen analyst Jason Seidl maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and raises the price target from $137 to $150.

TD Cowen Maintains Buy on XPO, Raises Price Target to $150

Oppenheimer analyst Scott Schneeberger maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Outperform and raises the price target from $140 to $148.

Oppenheimer Maintains Outperform on XPO, Raises Price Target to $148

XPO's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) short percent of float has fallen 10.67% since its last report. The company recently reported that it has 5.26 million shares sold short, which is 5.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>XPO Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730310313_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for XPO has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing XPO's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, XPO's peer group average for short interest as a percentage of float is 4.39%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About XPO?

XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares are trading higher after it&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41620296/xpo-reports-third-quarter-2024-results" rel="noreferrer noopener">third-quarter results</a>.
Revenue growth of&nbsp;3.7% year-over-year to&nbsp;$2.05 billion,&nbsp;beating the consensus of&nbsp;$2.020 billion.
The revenue&nbsp;growth was aided&nbsp;by higher yield in the North American LTL segment and volume increase in the European Transportation segment.
Operating income was&nbsp;$176&nbsp;million, compared to&nbsp;$154&nbsp;million a year ago.
Adjusted EBITDA increased&nbsp;19.8% to&nbsp;$333&nbsp;million in the quarter, and the margin expanded to&nbsp;16.2% from&nbsp;14.0% last year in the same quarter.
North American Less-Than-Truckload revenue was&nbsp;$1.25 billion (+1.9% Y/Y). The adjusted operating ratio was&nbsp;84.2%, up 200&nbsp;bps year over year.&nbsp;
The segment saw a&nbsp;3.2%&nbsp;increase in shipments per day, a&nbsp;3.9%&nbsp; decline in daily tonnage, and a&nbsp;6.7%&nbsp;increase in yield, excluding fuel.
European Transportation generated revenue of&nbsp;$803&nbsp;million (+6.8% Y/Y), and the adjusted EBITDA margin was&nbsp;5.4%, down 40&nbsp;bps Y/Y, in the quarter.&nbsp;
Adjusted EPS was&nbsp;$1.02, up&nbsp;15.9% from the prior year,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$0.91.</a>
The company generated&nbsp;$264&nbsp;million of cash flow from operating activities&nbsp;in the quarter&nbsp;and ended the quarter with&nbsp;$378&nbsp;million&nbsp;of cash and cash equivalents on hand.
Mario Harik, chief executive officer of XPO, said, &nbsp;&#8220;And we&#8217;re tracking three years ahead of plan with linehaul insourcing, which enhances our network efficiency and quality of service.&#8221;
&#8220;We&#8217;re delivering on the strong results we promised for 2024, while positioning the business to accelerate earnings growth when the freight market recovers. The world-class service we provide creates value for our customers and will continue to be a key driver of our margin expansion.&#8221;
Investors can gain exposure to the stock via&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>) and&nbsp;SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: XPO shares are up 6.44% at $127.99 premarket at the last check Wednesday.
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XPO Q3 Hits The Mark: North American LTL Segment Fuels Growth, EBITDA Up 20%

WIIM

XPO shares are trading higher after the company reported better-than-expected Q3 financial results.

XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.91 by 12.09 percent. The company reported quarterly sales of $2.053 billion which beat the analyst consensus estimate of $2.020 billion by 1.62 percent. This is a 3.69 percent increase over sales of $1.980 billion the same period last year.

Earnings Beats

XPO Q3 2024 Adj. EPS $1.02 Beats $0.91 Estimate, Sales $2.053B Beat $2.020B Estimate

Stifel analyst J. Bruce Chan maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and raises the price target from $125 to $126.

Stifel Maintains Buy on XPO, Raises Price Target to $126

The imminent release of the<a href="https://www.benzinga.com/markets/24/10/41251483/september-inflation-preview-consumer-price-data-holds-the-key-to-feds-next-interest-rate-move"> September consumer price inflation report </a>is keeping sentiment guarded as the index futures trade modestly lower early Thursday. Traders may have to navigate past the September consumer price inflation report and the weekly jobless claims data, both of which have implications for rates. The inflation data is widely expected to confirm the sustained downtrend, while jobless claims may have perked up in the recent week. 
China announced stimulus to support the domestic stock market, which sent stocks in the mainland and Hong Kong higher. Crude oil and gold are all weaker but the bond yield has ticked. Traders may stay focused on the after-effects of Hurricane Milton and the simmering tensions in the Middle East.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.15%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.12%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.09%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.24%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.13% to $576.41 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.16% to $492.35, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Strength in IT, financial, industrial and healthcare stocks pushed the Dow Jones Industrial Average and the S&amp;P 500 Index to fresh records on Wednesday. The S&amp;P 500 Index also clocked a new intraday high. While the tech-heavy Nasdaq Composite also rose, it ended at its highest level since July 16.
Stocks largely ignored the Hurricane Milton threat, which made its landfall in Florida, and digested comments from Fed officials and also information gleaned out of the Fed minutes. 
Among S&amp;P 500 sector classes, only communication services and utility stocks experienced some weakness.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.60%</td>
<td>18,291.62</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.71%</td>
<td>5,792.04</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.03%</td>
<td>42,512.00</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.26%</td>
<td>2,200.59</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
A Morgan Stanley strategist on Wednesday weighed on the impact of the potential trade policies of the two presidential candidates. &#8220;Trade policy is among the top policy areas that may be most sensitive to the presidential election result,&#8221; said Monica Guerra, Head of Policy, Morgan Stanley Wealth Management. 
The impact of tariffs on the economy could be wide-ranging, pressuring consumers and affecting growth, inflation and stock market performance, she said. Vice President Kamala Harris&#8217; trade policy appears to be a continuation of President Joe Biden's, but is still opaque, creating some uncertainty for investors, while Republican candidate Donald Trump&#8217;s proposals included increasing tariffs on China as well as a universal tariff, which could pressure productivity, growth and add inflationary pressure, she said.
The strategist recommended investors mitigate the impact of tariffs by considering defensive sectors such as consumer staples, healthcare and utilities, as well as select retailers with less exposure to offshore production.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release its customary weekly jobless claims report at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 230,000 for the week ended Oct. 5, up from 225,000 in the previous week.</li>
<li>The September CPI report, due at 8:30 a.m. EDT, is expected to show a 0.1% month-over-month increase in the headline number, a tick down from the 0.2% growth in August. The annual rate of CPI is expected to slow from 2.5% to 2.3%. The monthly and annual core CPI rates for September are expected at 0.2% and 3.2%, respectively, compared to August&#8217;s 0.3% and 3.2%.</li>
<li>Among the Fed speakers due to speak are:
<ul>
<li>Federal Reserve Governor Lisa Cook: 9:15 a.m. EDT</li>
<li>Chicago Fed President Austan Goolsbee (TV interview): 10 a.m. EDT</li>
<li>Richmond Fed President Tom Barkin: 10:30 a.m. EDT</li>
<li>New York Fed President John Williams: 11 a.m. EDT</li>
</ul>
</li>
<li>The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT and 30-year bonds at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>), a spin-off unit of XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>), rose about 6% <a href="https://benzinga.grsm.io/register174">in premarket trading </a>after Bloomberg said the company is rumored to be exploring a potential sale.</li>
<li>10x Genomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) slumped over 21% following the company&#8217;s preannouncement.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose over 1% <a href="https://www.benzinga.com/news/24/10/41266991/teslas-robotaxi-to-take-flight-with-doors-that-open-like-butterfly-wings-report">ahead of its Robotaxi event.</a></li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) and Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) are among the notable companies due to <a href="https://www.benzinga.com/calendars/earnings">report their quarterly results ahead of the market open.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures climbed sharply ahead of the inflation data and gold futures were modestly higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back nearly 2% over the past 24 hours and has slipped under $61K. The 10-year Treasury note yield rose 1.5 points to 4.082%.
Most major Asian markets ended higher for the day, as domestic traders drew inspiration from the positive close on Wall Street overnight. The Chinese and Hong Kong markets led the gains in the region after the <a href="https://www.benzinga.com/markets/asia/24/10/41265266/alibaba-jd-com-xpeng-soar-in-hong-kong-as-pbocs-fresh-stimulus-to-boost-stock-market-sends-chinese-m">People&#8217;s Bank of China announced new stimulus</a> to support the stock market. 
On the other hand, European stocks retreated in early trading 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41266843/marjorie-taylor-greene-boosts-stock-portfolio-with-ai-exposure-buys-jpmorgan-and-this-hot-magnif">Marjorie Taylor Greene Boosts Stock Portfolio With AI Exposure, Buys JPMorgan And This Hot Magnificent 7 Stock: Here&#8217;re Congresswoman&#8217;s Latest Trades</a></li>
</ul>
Photo via Shutterstock

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