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

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 higher today making it today's featured transportation winner. The industry as a whole closed the day up 1.5%. By the end of trading, FedEx Corporation rose $2.05 (1.5%) to $139.86 on light volume. Throughout the day, 1,356,631 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,495,400 shares. The stock ranged in a price between $138.52-$140.28 after having opened the day at $138.70 as compared to the previous trading day's close of $137.81. Other companies within the Transportation industry that increased today were: Seanergy Maritime Holdings ( SHIP), up 31.4%, Newlead Holdings ( NEWL), up 17.0%, Frontline ( FRO), up 16.2% and Genco Shipping & Trading ( GNK), up 13.2%.

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 $43.4 billion and is part of the services sector. The company has a P/E ratio of 27.5, above the S&P 500 P/E ratio of 17.7. Shares are up 50.2% year to date as of the close of trading on Tuesday. Currently there are 12 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, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, USA Truck ( USAK), down 4.4%, Ship Finance International ( SFL), down 2.5%, Universal Truckload Services ( UACL), down 2.4% and Gol Intelligent Airlines ( GOL), down 1.7% , were all laggards within the transportation industry with Copa Holdings ( CPA) being today's transportation industry laggard.

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

More from Markets

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China