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Payne's Picks

Good time to buy PACCAR?

By Payne's PicksFOXBusiness

Can PACCAR drive your portfolio higher?

FBN’s Charles Payne, Jessie Jane Duff, U.S. Marine Corps Gunnery Sgt. (Ret.), FNC contributor Jonathan Hoenig, Tea Party News Network News Director Scottie Nell Hughes, retail analyst Hitha Herzog and Penn Financial Group founder Matt McCall on the outlook for PACCAR.

Let’s talk about PACCAR (NASDAQ:PCAR).

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This is a company, in my mind, that is firing on all cylinders, no pun intended. They beat the Street in the last four quarters. Usually they beat by 1%, but that September quarter, they blew them away by 8%.

How good has business been? Kenworth and Peterbilt and their Canadian class 8, the truck orders are up 46% year over year, that's through November. That's the highest since 2006.

The company is offering an extra dividend -- a dollar payable to shareholders through January 6th of next year. In addition, last quarter they bought back a bunch of stock. Oh by the way that quarter, record revenue for parts record revenue for the company, record revenue for financing -- cash $760 million. This company is on fire. It is gaining momentum.

I think this could be a $90 stock, or even more. This is one I think for right now, you should consider for your 401(k).


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