Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.7%. By the end of trading, FedEx Corporation fell $1.19 (-1.1%) to $103.39 on light volume. Throughout the day, 1,291,323 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,812,000 shares. The stock ranged in price between $103.23-$104.57 after having opened the day at $104.10 as compared to the previous trading day's close of $104.58. Other companies within the Transportation industry that declined today were:
), down 9.5%,
), down 9.4%,
), down 5.4% and
), down 5.0%.
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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $33.2 billion and is part of the services sector. Shares are up 14.3% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full FedEx Corporation Ratings Report.
On the positive front,
), up 8.0%,
), up 7.5%,
), up 6.9% and
), up 6.8% , were all gainers within the transportation industry with
) being today's featured transportation industry leader.
- Use our transportation section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider
) while those bearish on the transportation industry could consider
- Find other investment ideas from our top rated ETFs lists.