Thomas Wadewitz J.P. Morgan
The buy side says: “If we had to use only one analyst, Tom would be it.”
Repeat first-teamer Thomas Wadewitz continues to wow investors with “top-notch recommendations,” as one fund manager puts it. In September 2009 the J.P. Morgan researcher upgraded United Parcel Service from neutral to overweight, at $52.49, betting on the Atlanta-based courier’s earnings growth. He was right: UPS’s shares soared to $69.71 in May before slipping to $63.80 by late August, delivering a 21.5 percent rise while the sector advanced 15.3 percent. In April, Wadewitz, 43, raised C.H. Robinson Worldwide from neutral to overweight, at $56.24, arguing that the Eden Prairie, Minnesota–based logistics provider’s improving volume would more than offset demand softness. Right again. The stock jumped 15.6 percent, to $64.99, and trounced the sector by 18.3 points, through August.
