Cheaper borrowing rates and growing demand for products are incentivizing industries to ramp up production amid the easing of pandemic restrictions, thus creating a high demand for raw materials worldwide. This, in turn, is fueling the demand for heavy-duty trucks for interstate cargo transportation. The heavy-duty trucks market is expected to grow at a 7.3% CAGR to hit $280.54 billion by 2026. Based on their efficient truck portfolios and finance services, both PCAR and TTM are likely to benefit from the industry tailwinds.
But while PCAR lost 5.5% in price over the past three months, TTM surged 3.6%. In terms of their past six months’ performance, TTM is a clear winner with 1.6% gains versus PCAR’s negative returns. But, which of these stocks is a better pick now? Let’s find out.