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 $1.88 (-1.4%) to $136.50 on heavy volume. Throughout the day, 3,374,493 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2,111,900 shares. The stock ranged in price between $135.24-$137.73 after having opened the day at $137.31 as compared to the previous trading day's close of $138.38. Other companies within the Transportation industry that declined today were: Genco Shipping & Trading ( GNK), down 23.0%, China Metro-Rural Holdings ( CNR), down 8.0%, Knightsbridge Tankers ( VLCCF), down 3.4% and Eagle Bulk Shipping ( EGLE), down 3.3%.

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 $43.3 billion and is part of the services sector. Shares are down 3.6% year to date as of the close of trading on Wednesday. Currently there are 11 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, Sino-Global Shipping America ( SINO), up 6.5%, Guangshen Railway Company ( GSH), up 5.0%, Navigator Holdings ( NVGS), up 3.4% and Grupo Aeroportuario del Sureste S.A.B. de ( ASR), up 3.4% , were all gainers within the transportation industry with United Continental Holdings ( UAL) being today's featured transportation industry leader.

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.

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