FleetCor Technologies Headed to $175?

Let’s talk about FleetCor Technologies (NYSE:FLT).

Continue Reading Below

The company deals with fuel cards, processing, electronic payment and gift cards. They have 20,000 customers all over the world. I really like this one a lot.

I will tell you, the last time they reported, they had a little bit of pressure from their marketing commissions and some other things. Net income went down slightly. But still at 32%, I actually think it's fantastic

They've been in an acquisitions spree. They recently made a real big deal to acquire Comdata for $3.4 billion. Right now, they probably enable $55 billion a year in transactions. I think it's going to continue to do extraordinarily  well. They also do cards for the lodging industry and the food industry in 43 countries.

Right now, technically I see a breakout at $150. My target is $175.

DISCLOSURES