FedEx Corporation (FDX): Today's Featured Transportation Loser - TheStreet

FedEx Corporation

(

FDX

) pushed the Transportation industry lower today making it today's featured Transportation loser. The industry as a whole closed the day up 0.2%. By the end of trading, FedEx Corporation fell $1.29 (-1.4%) to $87.52 on average volume. Throughout the day, 2.1 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $87.18-$89.02 after having opened the day at $88.76 as compared to the previous trading day's close of $88.81. Other company's within the Transportation industry that declined today were:

Newlead Holdings

(

NEWL

), down 6.7%,

Gol Intelligent Airlines

(

GOL

), down 4.4%,

YRC Worldwide

(

YRCW

), down 4%, and

Skywest Incorporated

(

SKYW

), down 3.7%.

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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 $28.55 billion and is part of the

services

sector. The company has a P/E ratio of 13.7, below the average transportation industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Monday. Currently there are 18 analysts that rate FedEx Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates FedEx Corporation as a

buy

. 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, attractive valuation levels, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Globus Maritime

(

GLBS

), up 9.6%,

Greenbrier Companies

(

GBX

), up 4.4%,

PHI Incorporated

(

PHII

), up 4.1%, and

Overseas Shipholding Group

(

OSG

), up 3.3%, were all gainers within the transportation industry with

Delta Air Lines

(

DAL

) being today's featured transportation industry winner.

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

(

IYT

) while those bearish on the transportation industry could consider

ProShares UltraShort Industrials

(

SIJ

).

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