CHRW: CH Robinson Worldwide
We’ve always felt that the non-asset based transportation names were the ones to watch. Now it’s official, as anyone who benchmarks performance against the S&P 500 (which is to say practically everyone) will have to keep an eye on them. CH Robinson Worldwide (CHRW) to Join S&P 500: Financial News – Yahoo! Finance
Standard & Poor’s said Monday freight forwarder CH Robinson Worldwide Inc. will replace Health Management Associates Inc. in its widely followed S&P 500 index on Thursday.
We’ve seen that changes in the Dow are often turning points for the stocks involved, but we haven’t heard of such a relationship regarding the S&P 500 (anyone care to enlighten us?) At any rate, with the stock near its 52-week high shareholder’s are likely hoping it is a signal for even better things to come.
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