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XPO, Inc. (XPO) provides freight transportation services. 
The company operates in two segments, North American LTL and European Transportation.
The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing.
The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations.
It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods.
Shares have formed a bullish "wedge" following its recent earnings report. On August 4th, XPO reported earnings of $0.71 per share on revenue of $1.92 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.61 per share on revenue of $1.94 billion. The company beat consensus estimates by 16.39%.
Higher share prices are expected. The next report is on November 3rd.
Entry Point: $70.00
Stop Loss: $67.50
Trading Range: $24.75 to $76.77
Target Price: $77.00
