Benzinga | Oct 22, 2020 09:01AM EDT

Todd Gordon Is Bullish On CH Robinson Going Into Earnings

On CNBC's "Trading Nation," Todd Gordon of TradingAnalysis.com shared with the viewers his bullish point of view on CH Robinson Worldwide Inc (NASDAQ:CHRW). The company is scheduled to report earnings on Oct. 27 and Gordon wants to add to his long position, going into earnings.

The stock pays 2% dividend yield and it trades at 24 times next year's earnings, explained Gordon. He added that the last quarter was a big beat. The truckload volumes for this quarter are expected to be weak, but the strong air freight shipping could continue, said Gordon. He added that there have been a series of upgrades for the stock.