FedEx Corporation (FDX): Today's Featured Services 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 Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.2%. By the end of trading, FedEx Corporation fell $1.88 (-1.4%) to $129.88 on heavy volume. Throughout the day, 3,585,600 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,206,000 shares. The stock ranged in price between $129.34-$132.06 after having opened the day at $131.23 as compared to the previous trading day's close of $131.76. Other companies within the Services sector that declined today were: Versar ( VSR), down 10.2%, Birks Group ( BGI), down 8.6%, Danaos Corporation ( DAC), down 6.2% and LIN Media ( LIN), down 6.0%.

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 $40.9 billion and is part of the transportation industry. Shares are down 8.3% year to date as of the close of trading on Friday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, YOU On Demand Holdings ( YOD), up 69.8%, InterCloud Systems ( ICLD), up 17.2%, Famous Dave's of America ( DAVE), up 15.4% and Red Robin Gourmet Burgers ( RRGB), up 13.0% , were all gainers within the services sector with Whole Foods Market ( WFM) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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