Comment / Unfazed Prologis sheds light on 3PLs, Baltimore & Southern California

ID 120558514 © K G | Dreamstime.com

Let’s get this out of the way quickly. Here’s what is driving weakness in Prologis (PLD), whose stock… to reiterate  previous coverage… is under pressure year-to-date…

… and then just look at its performance over the past six months*.

(*PLD vs 10-year US Treasury yield, green line, in the charts above.)

Done.

No surprise that management complains about the Fed’s dot plot every single time they have a chance to do so.

More appropriately, let’s now delve into some of the key findings from the ...