Operating primarily as a less-than-truckload carrier, Old Dominion is among the top freight services companies in the United States with more than 250 terminals in 48 states. Based in Thomasville, North Carolina, the company has more than 22,000 employees. Its shares are a component of the S&P 500.

Corporate insiders can be called-out for moving through 2024 (to date) without taking any clear stance on stocks. They neither ran to the exits, nor did they act in a manner that suggested early-year investors would be enjoying well-above-average returns as Thanksgiving draws near. But with stocks having experienced an absolute moonshot last week, the current weekly insider-sentiment data from Vickers Stock Research shows that insiders are happy to take a little money off the table after a week in which the major stock indices popped by 4.6% to 5.7%. Drilling down, Vickers' Total One-Week Sell/Buy Ratio is 7.30, pushing into the bearish territory that starts at 6.00. On an exchange basis, the NYSE one-week ratio is 6.19, bearish but not remarkably so; and the Nasdaq one-week tally is 8.49 and clearly a profit-taking response to the soaring share prices seen last week. One week is not a trend, so the above does not imply an imminent correction. But as stocks move higher and higher, insiders continue to book profits. On a sector basis, insider buying was the greatest in Energy over the last week, with shares valued at nearly $48 million bought, although this still trailed the level of selling in the sector, with over $166 million of shares sold. Meanwhile, selling was greatest in the Industrials sector, with shares valued at roughly $314 million sold versus less than $13 million bought. Selling by insiders was also evident in the Information Technology and Financial sectors. This week, analysts at Vickers highlighted insider transactions of interest at Jefferies Financial Group Inc. (NYSE: JEF) and Noble Corp. plc (NYSE: NE).

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.

The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the current period of high inflation, has expanded to record levels. If U.S. corporations weren't innovating, creating new products (such as vaccines and AI) and services (such as Zoom calls) and moving into new markets, the domestic economy would not be growing, and capital would not be flooding into the country. The current high level of the U.S. dollar relative to currencies around the world attests to the confidence that global investors have in the durable and innovative U.S. economy.