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Ride the economic expansion with FedEx |
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| Oct 29, 2009 09:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: FedEx Corp (FDX), Stocks to Buy  Institutional investors have issued a positive verdict on FedEx Corp. (NYSE: FDX), and typical investors who can tolerate moderate risk should, as well, which is why I'm Reiterating my Buy rating for the company, first recommended on April 13, 2009 at a price of $50.98. If you bought FDX in April, you're up about 45%.In FY201,0 FedEx's revenue will likely decline 6-8%: ignore it, as IIs are already psychologically in FY2011, and by that time volumes should show improvement. By FedEx unit, Freight revenue should stabilize, Ground will likely record flat results, and Express will likely show a modest 2-4% decline. One potential negative: it remains an open question whether FedEx can pass along all of its 5.9% rate increase in FY2010. Continue reading Ride the economic expansion with FedEx Ride the economic expansion with FedEx originally appeared on BloggingStocks on Thu, 29 Oct 2009 16:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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