10 Best Stocks to Buy According to D1 Capital’s Daniel Sundheim

8. XPO, Inc. (NYSE:XPO)

D1 Capital Partners’s Stake as of Q4: $266.7 million

Number of Hedge Fund Holders: 45

XPO Inc. (NYSE:XPO) offers freight transportation services across the globe, operating in a wide range of industries, including retail, e-commerce, manufacturing, food & beverage, and consumer products.

XPO Inc. (NYSE:XPO) has also announced the authorization of a $750 million stock repurchase program. The scheme succeeds the previous plan from February 2019, which had $503 million remaining.

On April 10, Benchmark analysts lowered their price target on XPO Inc. (NYSE:XPO) shares to $130 from $160, while maintaining a Buy rating on the stock. According to analyst Chris Kuhn, XPO Inc. has been able to deliver sequential price growth and operational ratio (OR) in a poor freight market. The firm also stated that, while XPO has not reported QTD revenue per hundredweight (rev/cwt) disregarding fuel expenses, the 6.3% growth in rev/cwt during the fourth quarter was positive and surpassed expectations.