FedEx Corporation (FDX): Today's Featured Transportation Winner

FedEx Corporation ( FDX) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day up 1.1%. By the end of trading, FedEx Corporation rose $1.00 (1.0%) to $99.37 on average volume. Throughout the day, 1,937,686 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,533,200 shares. The stock ranged in a price between $98.73-$99.53 after having opened the day at $99.15 as compared to the previous trading day's close of $98.37. Other companies within the Transportation industry that increased today were: Paragon Shipping ( PRGN), up 7.2%, Seanergy Maritime Holdings ( SHIP), up 7.0%, Globus Maritime ( GLBS), up 7.0% and Central North Airport Group ( OMAB), up 6.7%.

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 $30.8 billion and is part of the services sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 6 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, 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.

On the negative front, Diana Containerships ( DCIX), down 8.2%, Sino-Global Shipping America ( SINO), down 6.1%, FreeSeas ( FREE), down 6.1% and Seaspan Corporation ( SSW), down 6.0%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Using FedEx to Ship Your Online Purchases Just Became More Expensive

Fed, Toys 'R' Us, Equifax and Hurricane Maria - 5 Things You Must Know

Here Is What Jim Cramer Expects From AutoZone, FedEx and Adobe's Earnings