FedEx Corp is a Buy

NEW YORK (TheStreet) - FedEx Corp (FDX) reported a quarter today that was widely seen as disappointing. So why is it a buy right here?

First, it is one of the few plays on the secular e-commerce story. This is the same reason I like UPS (UPS) and Amazon (AMZN).

Two, the company is in the process of a big restructuring that was announced in the first half of 2013 to improve annual profitability by $1.65 billion by 2016.  This in particular has focused on the Express unit that has been hurt by international concerns and trade down.

Third, weather related concerns are laregly behind us.

Fourth, we see the transports--including the rails and trucking groups--leading the market which is bullish for the whole group.

--Written by Nicole Urken in New York.

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