FedEx, Apple and Facebook Shares Will Fare Well Says Ideal Asset CEO

Earnings disappointments from Macy’s (M) and Nordstrom (JWN) have raised questions about the strength of the consumer. Rahul Shah, CEO of Ideal Asset Management, said investors should relax because Santa Claus is still coming to town. He just may be taking a different route from the North Pole this year. 'Amazon (AMZN) actually gave a good earnings report,' said Shah. 'So what we see is continued growth in e-commerce and along those lines we think that the consumer might actually be stronger than what the market is pricing in at the moment.' Of course, a lot of those holiday packages will be shipped. Shah is bullish on FedEx (FDX), which has dropped approximately 8% so far in 2015, despite low gas prices and a healthy job market. 'On a five-year estimated growth rate analysts are expecting FedEx to deliver 14% growth and UPS to deliver 10% growth,' said Shah. 'We think that dynamic augurs well for FedEx shareholders going forward.' Shah is also positive on Apple (AAPL), which has seen its shares rise over 2% year-to-date, calling it a blue chip, high quality technology stock that will receive a lot of play from gift-giving consumers this Christmas.