Trade-Ideas: FedEx (FDX) Is Today's New Lifetime High Stock

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.

Trade-Ideas LLC identified FedEx ( FDX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified FedEx as such a stock due to the following factors:

  • FDX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $266.1 million.
  • FDX has traded 35,722 shares today.
  • FDX is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in FDX with the Ticky from Trade-Ideas. See the FREE profile for FDX NOW at Trade-Ideas

More details on FDX:

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The stock currently has a dividend yield of 0.4%. FDX has a PE ratio of 21. Currently there are 11 analysts that rate FedEx a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for FedEx has been 1.6 million shares per day over the past 30 days. FedEx has a market cap of $51.0 billion and is part of the services sector and transportation industry. The stock has a beta of 0.81 and a short float of 1.4% with 2.86 days to cover. Shares are up 3.9% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you liked this article you might like

U.S. Indices Close Mixed as Fed Readies to Reduce Balance Sheet

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet

Stocks In Negative Territory as Chances for December Hike Surge

Cramer: FedEx's Latest Earnings Call Is A 'Must-Read'

Jim Cramer on Equifax, Wells Fargo, Federal Reserve, FedEx, Adobe and Toshiba