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

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.

FedEx Corporation ( FDX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.4%. By the end of trading, FedEx Corporation fell $1.14 (-1.0%) to $108.07 on light volume. Throughout the day, 1,551,716 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,668,200 shares. The stock ranged in price between $107.51-$109.05 after having opened the day at $108.98 as compared to the previous trading day's close of $109.21. Other companies within the Transportation industry that declined today were: LATAM Airlines Group S.A ( LFL), down 7.2%, China Metro-Rural Holdings ( CNR), down 5.6%, FreeSeas ( FREE), down 5.0% and Seanergy Maritime Holdings ( SHIP), down 4.3%.

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 $34.4 billion and is part of the services sector. Shares are up 19.1% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 5 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Eagle Bulk Shipping ( EGLE), up 5.6%, Genco Shipping & Trading ( GNK), up 5.6%, Navios Maritime Holdings ( NM), up 5.2% and International Shipholding Corporation ( ISH), up 4.9%.

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).

STOCKS TO BUY: 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

Time to Sell UPS Stock and Buy FedEx Instead?

Time to Sell UPS Stock and Buy FedEx Instead?

AAP Exclusive: Cramer on the Stocks in His Bullpen (Watch Video)

AAP Exclusive: Cramer on the Stocks in His Bullpen (Watch Video)

Why You Cannot Rule Out a Much Deeper Stock Market Correction

Why You Cannot Rule Out a Much Deeper Stock Market Correction

Jim Cramer on Amazon Delivery: FedEx Is Not a Company That's Easily Beaten

Jim Cramer on Amazon Delivery: FedEx Is Not a Company That's Easily Beaten

Amazon's Latest Moves Into Delivery Could Yield Lucrative New Revenue Streams

Amazon's Latest Moves Into Delivery Could Yield Lucrative New Revenue Streams