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 0.6%. By the end of trading, FedEx Corporation rose $1.92 (1.4%) to $140.64 on light volume. Throughout the day, 1,690,383 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,394,000 shares. The stock ranged in a price between $138.99-$140.98 after having opened the day at $139.31 as compared to the previous trading day's close of $138.72. Other companies within the Transportation industry that increased today were: Star Bulk Carriers ( SBLK), up 9.5%, Genco Shipping & Trading ( GNK), up 8.4%, Frontline ( FRO), up 5.3% and USA Truck ( USAK), up 5.0%.

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 $43.7 billion and is part of the services sector. The company has a P/E ratio of 27.1, above the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 7 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 solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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, YRC Worldwide ( YRCW), down 5.8%, XPO Logistics ( XPO), down 4.4%, Air T ( AIRT), down 4.3% and Dynagas LNG Partners ( DLNG), down 3.0%.

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).

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