2024-03-10 10:40:37 ET
Summary
- FedEx faces fierce competition from Amazon, challenging its market dominance and profitability.
- Despite historical underperformance, upbeat analyst expectations and cost-saving initiatives offer potential growth prospects for FedEx.
- Investors should approach buying FDX stock cautiously, considering its diversification efforts and technological advancements in a dynamic e-commerce landscape.
Introduction
It's time to talk about one of the most interesting stocks on the market. While the FedEx Corporation ( FDX ) may not be as fascinating as some of the high-flying tech stocks right now, it is one of America's largest transportation companies, delivering more than 9 million packages every day. And that's FedEx Ground only!
My most recent article on the stock was written on August 6, 2023, when I gave the stock a Sell rating, which is somewhat rare as I mainly focus on buying opportunities.
Back then, I went with the title "90% Off Its Lows - Sell FedEx, Buy Better Compounders Instead." ...
Read the full article on Seeking Alpha
For further details see:
FedEx Investors: Is Amazon Eating Your Lunch?