When those opportunities present themselves, they cannot hesitate. Neither can investors.
When a company presents a buying opportunity, we must jump on it because that window can close quickly. Today's pick is shipping and copying giant FedEx(FDX Quote). Unlike Ryan, Fed Ex started out this year slowly, trading in the low- to mid-$80 range in January. However, I think it has the opportunity and skills to get back on track. We know it is a solid company with a widely-recognizable brand - that's not in question. I also like the company's long-term prospects. At $88.83, its closing price yesterday, Fed Ex is most definitely set up for a long score. It has a long way to go to achieve get back to its 52-week high of a little more than $119 a share. It's also not that far above its lowest point in the last year, which is $80. I'll keep it short and sweet: Fed Ex is a winning company that should help you chew up some yardage while plowing ahead towards a score. It's a great buy-and-hold investment. "Keep moving the chains!" Know What You Own: FDX operates in the freight delivery industry, and some of the other stocks in its field include United Parcel Service(UPS Quote), Eagle Bulk Shipping(EGLE Quote) and DryShips(DRYS Quote). These stocks closed at $69.35, $32.04 and $92.13, respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.- Loading Comments...
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