FedEx a Strong Pandemic Stock Pick

FedExLogistics and package delivery company FedEx Corp. (NYSE: FDX) has emerged as one of the most reliable growth picks during the Coronavirus Pandemic.

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FedEx reported earnings earlier this month. Revenue was $19.3 billion for the fiscal first quarter, compared to $17.0 billion last year. Operating income increased to $1.59 billion, compared to $0.98 billion a year ago. Net income was an impressive $1.25 billion, compared to $0.74 billion a year ago.

The results reflect the strength of the company during the health crisis. With stay at home orders, e-Commerce has become the preferred way to shop. Many consumers are having products delivered directly to their homes rather than purchasing in-store, which has created an upside for FedEx. Professionals are now working from home in greater numbers, so there’s an increased demand for fast and efficient package and document delivery services.

The company is expecting to see increased revenue during the holiday season due to the strength in e-Commerce sales. Major retailers like Amazon and Walmart are preparing for a record number of deliveries. This will have a knock-on effect on FedEx and similar companies.

The stock has fallen in recent days due to a wider rout in the market. Now is a great time to buy this powerful growth stock at a discounted price.

Key Data:

  • 1 Year Price Growth: 66%
  • YTD Price Growth: 89%
  • 3 Month Price Growth: 67%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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