FedEx Corp (NYSE:FDX)
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The Company provides a portfolio of transportation, e-commerce and business services through companies that compete collectively, operate independently and manage collaboratively, under the FedEx brand.
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I am buying Fedex ahead of the holiday season. With the grim recent outlook on the transports, FDX has become cheap; it is trading at 11x forward estimates, which is a 20% discount to UPS (its largest competitor). With expectations low, it should beat estimates next quarter and I will get in as a trade ahead of the upcoming analyst meeting; expecting $95 per share out of this one.