FedEx Corporation (FDX): Today's Featured Transportation Loser
(
) pushed the Transportation industry lower today making it today's featured Transportation loser. The industry as a whole closed the day down 0.6%. By the end of trading, FedEx Corporation fell 45 cents (-0.6%) to $76.11 on light volume. Throughout the day, 940,032 shares of FedEx Corporation exchanged hands as compared to its average daily volume of three million shares. The stock ranged in price between $76.06-$77.38 after having opened the day at $76.62 as compared to the previous trading day's close of $76.56. Other company's within the Transportation industry that declined today were:
(
), down 7%,
(
), down 6.3%,
(
), down 6.2%, and
(
), down 5.2%.
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 $24.81 billion and is part of the
sector. The company has a P/E ratio of 15.9, below the average transportation industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 17.7% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates FedEx as a
. 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full FedEx Ratings Report.
On the positive front,
(
), up 8.3%,
China Eastern Airlines Corporation
(
), up 5.2%,
(
), up 5%, and
(
), up 4.8%, were all gainers within the transportation industry with
United Continental Holdings Inc
(
) being today's featured transportation industry winner.
- 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
iShares Dow Jones Transportation
(
) while those bearish on the transportation industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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