3 Transportation Stocks Nudging The Industry Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 18,287 as of Monday, May 18, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,496 issues advancing vs. 1,491 declining with 173 unchanged.

The Transportation industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Kansas City Southern ( KSU), down 1.4%, and Canadian Pacific Railway ( CP), down 1.1%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. FedEx ( FDX) is one of the companies pushing the Transportation industry higher today. As of noon trading, FedEx is up $1.23 (0.7%) to $176.37 on light volume. Thus far, 543,843 shares of FedEx exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $175.01-$176.45 after having opened the day at $175.01 as compared to the previous trading day's close of $175.14.

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx has a market cap of $49.2 billion and is part of the services sector. Shares are down 0.1% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate FedEx a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates FedEx 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, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full FedEx Ratings Report now.

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